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Infleqtion Reports Updated Financial Results for Q2 2026 and FY26 Revenue Guidance

Q2 Revenue Increases from $12.6M to $13.5M and FY26 Revenue Guidance Increases from Approximately $43M to Approximately $45.1M to Reflect Shift in Timing of Revenue Recognition for Two Government Contracts

Increases Offset by Corresponding Reduction in Revenue Recognized in 2024 and 2025

No Impact to Cash or Underlying Business Fundamentals

Company Files Form 10-Q for Period Ended June 30, 2026

LOUISVILLE, Colo.–(BUSINESS WIRE)–
Infleqtion, Inc. (NYSE: INFQ) (“Infleqtion” or the “Company”), a global leader in quantum computing and quantum sensing powered by neutral-atom technology, today announced that it has filed a Form 12b-25, Notification of Late Filing, with the Securities and Exchange Commission (“SEC”) reporting updated results for the second quarter of 2026, which increases the original results reported in the Company’s press release dated August 12, 2026. The updated results are consistent with the financial information presented in the Company’s Quarterly Report on Form 10-Q, which was filed today with the Securities and Exchange Commission (“SEC”).

Updated Second Quarter 2026 Financial Summary

• Revenue: $13.5 million, up 157% year over year. Revenue growth was 100% organic and entirely from quantum.

• Operating Loss: GAAP operating loss was $29.9 million, compared with $10.4 million in Q2 2025. The increase primarily reflects higher operating expenses as we invest in our strategy, along with higher stock-based compensation. Non-GAAP operating loss was $16.2 million, compared with $7.6 million in Q2 2025.

• 2026 Outlook: Updated full-year revenue outlook to approximately $45.1 million, up from $43 million to include non-cash, accounting-based revenue adjustments. There are no changes to the previously provided assumptions underlying the Company’s expectations for its business performance for 2026.

Operating cash flow and cash on the balance sheet remain unchanged from the Company’s August 12 press release.

The Company is providing these updated financial results after identifying an immaterial adjustment related to two government contracts for which revenue was recorded in its prior period financial statements. The Company has also reflected this adjustment in its previously issued financial statements for fiscal years 2024 and 2025, which can be found in its second quarter Form 10-Q.

“We are providing updated Q2 financial results and full year outlook after an accounting adjustment related to two contracts that shifted the timing of revenue recognition between periods with no impact to cash,” said Matt Kinsella, Chief Executive Officer of Infleqtion. “I want to reinforce that Q2 was a record quarter for Infleqtion, we remain on track for 30 logical qubits this year, and the pace of quantum commercialization is accelerating. The quantum market is entering an execution phase, and Infleqtion has spent more than a decade preparing for it.”

As the Company is filing its second quarter Form 10-Q one business day beyond the filing deadline, the Company today also filed a Form 12b-25, Notification of Late Filing, with the SEC. Additional information is available in the Form 10-Q.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws, including the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “anticipates,” “believes,” “plans,” “seeks,” “will,” “on track” and variations of these words or similar expressions that are intended to identify forward-looking statements. All statements, other than statements of historical facts, including without limitation statements regarding the Company’s expected 2026 revenue, business outlook, customer demand, technology milestones, commercial opportunities, and market momentum are forward looking statements. These statements are based on Infleqtion’s current expectations, assumptions and projections as of the date of this release and are subject to risks and uncertainties that could cause actual results to differ materially and adversely. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, without limitation, those related to Infleqtion’s ability to recognize anticipated benefits of its business combination with Churchill Capital Corp X; the implementation, market acceptance, and success of Infleqtion’s business model, growth strategy, and opportunities, and its ability to commercialize its quantum computing technology; the expected benefits of and ability to maintain and enter into new contracts, awards, and other relationships, partnerships, or collaborations with governments or government entities; the potential for quantum computing technology to achieve quantum advantages; the ability of Infleqtion’s products to meet government counterparties’ and customers’ technical requirements and compliance and regulatory needs; Infleqtion’s ability to obtain and maintain intellectual property protection and not infringe on the rights of others; and other risks and uncertainties described in Infleqtion’s Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update these forward-looking statements except as required by law.

Non-GAAP Financial Measures

This press release includes certain non-GAAP financial measures. Infleqtion believes these measures provide investors with additional insight into the underlying performance of the business and, when considered together with the corresponding GAAP measures, assist investors in evaluating Infleqtion’s operating performance and comparing its results across reporting periods. These non-GAAP financial measures should not be considered in isolation or as substitutes for the comparable GAAP measures. In addition, these non-GAAP financial measures may not be computed in the same manner as similarly titled measures used by other companies.

“Non-GAAP Cost of revenue” is defined as cost of revenue expense adjusted to add back, when applicable, stock-based compensation and acquisition and integration costs.

“Non-GAAP R&D” is defined as research and development expense adjusted to add back, when applicable, stock-based compensation and acquisition and integration costs.

“Non-GAAP SG&A” is defined as selling, general and administrative expense adjusted to add back, when applicable, stock-based compensation, acquisition and integration costs, go-public transaction expenses and former executive release payments.

“Non-GAAP Loss from operations” is defined as loss from operations adjusted to add back, when applicable, stock-based compensation, go-public transaction expenses, acquisition and integration costs, former executive release payment and impairment of assets and goodwill.

“Non-GAAP Net loss” is defined as net loss adjusted to add back, when applicable, stock-based compensation, go-public transaction expenses, acquisition and integration costs, change in fair value of contingent consideration, change in fair value of SAFE liabilities, former executive release payment and impairment of assets and goodwill.

See “Reconciliation of Non-GAAP Financial Measures” in this press release for reconciliations of these non-GAAP measures to the most directly comparable GAAP measures. Management believes that Non-GAAP Cost of revenue, Non-GAAP R&D, Non-GAAP SG&A, Non-GAAP Loss from operations and Non-GAAP Net loss provide useful information to investors because they facilitate an evaluation of Infleqtion’s underlying operating performance and period-to-period comparability by excluding certain items that management believes do not directly reflect the Company’s core operations or may not be indicative of recurring operating results. Management uses these non-GAAP measures, together with the corresponding GAAP measures, to assess the operating performance of the business.

About Infleqtion

Infleqtion, Inc. (NYSE: INFQ) is a global leader in quantum technology, delivering neutral-atom solutions for quantum computing, networking, sensing and security. Its product portfolio spans quantum computers, quantum optical clocks, RF receivers and inertial sensors, combining high-performance hardware with the Company’s proprietary Superstaq quantum computing software platform. Infleqtion’s systems are used by U.S. and international government and commercial customers across the space, defense, energy, finance and telecommunications sectors. For more information, visit Infleqtion.com or follow Infleqtion on LinkedIn, YouTube and X.

Infleqtion, Inc.
Condensed Consolidated Statements of Operations and Comprehensive Loss
(Unaudited; in thousands, except share and per share amounts)
		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
Total revenue		$	13,538			$	5,277			$	23,445			$	13,472
Total cost of revenue			11,371				4,599				18,743				9,251
Gross profit			2,167				678				4,702				4,221
Research and development			12,675				5,311				22,626				10,478
Selling, general and administrative			19,818				6,250				46,138				12,034
Grant income			(468	)			(471	)			(1,173	)			(1,095	)
Loss from operations			(29,858	)			(10,412	)			(62,889	)			(17,196	)
Other income (expense):
Interest income			5,021				719				8,223				1,075
Other, net			142				507				252				1,116
Total other income, net			5,163				1,226				8,475				2,191
Loss before income taxes			(24,695	)			(9,186	)			(54,414	)			(15,005	)
Income tax expense (benefit)			—				—				—				—
Net loss		$	(24,695	)		$	(9,186	)		$	(54,414	)		$	(15,005	)
Other comprehensive (loss) income:
Unrealized loss on available-for-sale securities, net			(195	)			—				(1,077	)			—
Foreign currency translation adjustment			(141	)			(22	)			(240	)			394
Total other comprehensive loss			(336	)			(22	)			(1,317	)			394
Comprehensive loss		$	(25,031	)		$	(9,208	)		$	(55,731	)		$	(14,611	)
Net loss per share attributable to common stockholders – basic and diluted		$	(0.11	)		$	(0.59	)		$	(0.32	)		$	(0.99	)
Weighted average shares used in computing net loss per share attributable to common stockholders – basic and diluted			219,743,810				15,586,999				169,199,551				15,164,809

Infleqtion, Inc.
Condensed Consolidated Balance Sheets
(Unaudited; in thousands, except share and per share amounts)
		As of
		June 30, 2026 (Unaudited)				December 31, 2025
ASSETS
CURRENT ASSETS:
Cash and cash equivalents		$	59,285			$	11,694
Available-for-sale securities, current			417,673				34,318
Accounts receivable			5,413				9,543
Unbilled receivables			3,478				2,637
Inventories			5,834				4,299
Prepaid expenses and other current assets			8,666				10,036
Total current assets		$	500,349			$	72,527
Property and equipment, net			8,684				8,674
Operating lease right-of-use assets			13,709				4,923
Available-for-sale securities, non-current			104,780				17,157
Goodwill			9,315				9,315
Other assets			4,617				620
TOTAL ASSETS		$	641,454			$	113,216
LIABILITIES, CONVERTIBLE REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES:
Accounts payable			3,650			$	5,644
Accrued liabilities			46,306				8,923
Contract liabilities			2,588				6,871
Current portion of operating lease liabilities			1,002				1,076
Deferred consideration payable, current			—				471
Total current liabilities		$	53,546			$	22,985
Operating lease liabilities, net of current portion			13,525				4,074
Deferred consideration payable			—				—
TOTAL LIABILITIES		$	67,071			$	27,059
Convertible Redeemable Preferred Stock:
Series Seed convertible redeemable preferred stock, $0.0001 par value per share			—				6,526
Series Seed II convertible redeemable preferred stock; $0.0001 par value per share			—				10,411
Series A convertible redeemable preferred stock, $0.0001 par value per share			—				36,658
Series B convertible redeemable preferred stock; $0.0001 par value per share			—				112,145
Series B-1 convertible redeemable preferred stock; $0.0001 par value per share			—				32,990
Series C convertible redeemable preferred stock; $0.0001 par value per share			—				71,733
Series C-1 convertible redeemable preferred stock; $0.0001 par value per share			—				26,351
Total Convertible Redeemable Preferred Stock		$	—			$	296,814
Commitments and contingencies (refer to note 9)
Stockholders’ Equity (Deficit):
Preferred stock: $0.0001 par value per share; 100,000,000 shares authorized; no shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively			—				—
Common stock: $0.0001 par value per share; 1,400,000,000 shares authorized; 224,681,185 and 17,449,020 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively			23				2
Additional paid-in capital			862,681				21,931
Accumulated deficit			(287,910	)			(233,496	)
Accumulated other comprehensive income (loss)			(411	)			906
Total Stockholders’ Equity (Deficit)		$	574,383			$	(210,657	)
Total Liabilities, Convertible Redeemable Preferred Stock and Stockholders’ Equity (Deficit)		$	641,454			$	113,216

Infleqtion, Inc.
Condensed Consolidated Statements of Cash Flows
(Unaudited; in thousands)
		Six Months Ended June 30,
		2026				2025
Cash flows from operating activities
Net loss		$	(54,414	)		$	(15,005	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense			1,928				1,555
Stock-based compensation expense			20,359				1,887
Change in fair value of contingent obligation			1,472				—
Other non-cash operating adjustments			(2,429	)			(807	)
Changes in operating assets and liabilities:
Accounts receivable			4,089				1,526
Unbilled receivables			(850	)			(522	)
Inventories			(1,535	)			(1,468	)
Prepaid expenses and other current assets			(3,845	)			671
Other assets			(75	)			(37	)
Accounts payable			(1,986	)			4,507
Accrued liabilities			35,234				(2,731	)
Contract liabilities			(4,283	)			994
Operating lease right-of-use assets			711				476
Operating lease liabilities			(350	)			(773	)
Net cash used in operating activities			(5,974	)			(9,727	)
Cash flows from investing activities
Purchases of available-for-sale securities			(529,743	)			—
Maturities of available-for-sale securities			60,200				—
Purchase of non-marketable equity investment			(3,000	)			—
Purchases of property and equipment			(1,702	)			(1,098	)
Net cash used in investing activities			(474,245	)			(1,098	)
Cash flows from financing activities
Proceeds from issuance of Series C convertible redeemable preferred stock			—				49,222
Proceeds from stock options and warrant exercises			4,729				784
Payment of offering costs			(3,306	)			—
Proceeds from Business Combination, net of redemptions			528,166				—
Payment of deferred cash consideration			(475	)			(713	)
Net cash provided by financing activities			529,114				49,293
Foreign currency translation			(370	)			1,187
Net increase in cash and cash equivalents and restricted cash		$	48,525			$	39,655
Cash, cash equivalents and restricted cash at beginning of period		$	11,894			$	48,142
Cash, cash equivalents and restricted cash at end of period		$	60,419			$	87,797

Infleqtion, Inc.
Reconciliation of Non-GAAP Financial Measures
(in thousands)
The following is a reconciliation of non-GAAP measures of Infleqtion, Inc. for the three and six ended June 30, 2026 and 2025:
		Three Months Ended June 30,						Six Months Ended June 30,
		2026			2025			2026			2025
Cost of revenue		$	11,371		$	4,599		$	18,743		$	9,251
Adjustments:
Stock-based compensation			1,821			109			2,838			201
Acquisition and integration costs			—			—			—			—
Non-GAAP Cost of revenue		$	9,550		$	4,490		$	15,905		$	9,050

		Three Months Ended June 30,						Six Months Ended June 30,
		2026			2025			2026			2025
Research and development expense		$	12,675		$	5,311		$	22,626		$	10,478
Adjustments:
Stock-based compensation			4,820			116			7,234			188
Acquisition and integration costs			—			—			—			—
Non-GAAP R&D		$	7,855		$	5,195		$	15,392		$	10,290

		Three Months Ended June 30,						Six Months Ended June 30,
		2026			2025			2026			2025
Selling, general and administrative expense		$	19,818		$	6,250		$	46,138		$	12,034
Adjustments:
Stock-based compensation			5,425			544			10,287			1,498
Acquisition and integration costs			841			2,000			1,472			2,000
Go-public transaction expenses			—			—			11,466			—
Former executive release payment			750			—			750			—
Non-GAAP SG&A		$	12,802		$	3,706		$	22,163		$	8,536

		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
Loss from operations		$	(29,858	)		$	(10,412	)		$	(62,889	)		$	(17,196	)
Adjustments:
Stock-based compensation			12,066				769				20,359				1,887
Acquisition and integration costs			841				2,000				1,472				2,000
Go-public transaction expenses			—				—				11,466				—
Former executive release payment			750				—				750				—
Non-GAAP Loss from operations		$	(16,201	)		$	(7,643	)		$	(28,842	)		$	(13,309	)

		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
Net loss		$	(24,695	)		$	(9,186	)		$	(54,414	)		$	(15,005	)
Adjustments:
Stock-based compensation			12,066				769				20,359				1,887
Acquisition and integration costs			841				2,000				1,472				2,000
Go-public transaction expenses			—				—				11,466				—
Former executive release payment			750				—				750				—
Non-GAAP Net loss		$	(11,038	)		$	(6,417	)		$	(20,367	)		$	(11,118	)

 

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Investor Contact:

Marcus Kupferschmidt

[email protected]

Media Contact:

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KEYWORDS: Colorado United States North America

INDUSTRY KEYWORDS: Security Technology Nanotechnology Software Networks Hardware

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WD-40 Company to Participate in Water Tower Research Fireside Chat Series

SAN DIEGO–(BUSINESS WIRE)–
WD-40 Company (NASDAQ:WDFC), a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world, today announced that Steve Brass, president and chief executive officer, and Sara Hyzer, vice president, finance and chief financial officer, will participate in the Water Tower Research Fireside Chat Series, on Wednesday, August 19, 2026 at 8:00 a.m. PDT.

The discussion will be hosted by Linda Bolton Weiser, managing director, consumer, at Water Tower Research. The discussion is expected to focus on business performance, strategic initiatives, operational execution, and long-term growth opportunities. Other forward-looking or material information may also be discussed.

The event is open to the public. Interested participants may register through Water Tower Research at https://www.watertowerresearch.com/event/view/491.

About WD-40 Company

WD-40 Company is a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories, and homes around the world. The Company owns a wide range of well-known brands that include maintenance products and homecare and cleaning products: WD-40_® Multi-Use Product, WD-40 Specialist_®, 3-IN-ONE_®, GT85_®, 2000 Flushes_®, no vac_®, Spot Shot_®, Lava_®, Solvol_®, X-14_®, and Carpet Fresh_®.

Headquartered in San Diego, California, USA, WD-40 Company recorded net sales of $620.0 million in fiscal year 2025 and its products are currently available in more than 176 countries and territories worldwide. WD-40 Company is traded on the NASDAQ Global Select Market under the ticker symbol “WDFC”. For additional information about WD-40 Company please visit http://www.wd40Company.com.

Forward-Looking Statements

Except for the historical information contained herein, this press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements reflect the Company’s current expectations with respect to currently available operating, financial and economic information. These forward-looking statements are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those anticipated in or implied by the forward-looking statements. These forward-looking statements are generally identified with words such as “believe,” “expect,” “intend,” “plan,” “project,” “could,” “may,” “aim,” “anticipate,” “target,” “estimate” and similar expressions.

These forward-looking statements include, but are not limited to, discussions about future financial and operating results, including: expected benefits from any divestiture transaction; disruption to the parties’ business as a result of the announcement or completion of any divestiture transaction; the Company’s ability to successfully complete any planned divestiture; expected timing for the closing of any divestitures; expected proceeds from any divestiture; the intended use of proceeds by the Company from any divestiture transaction; impact of any divestiture transaction on the Company’s stock price or EPS; growth expectations for maintenance products; expected levels of promotional and advertising spending; anticipated input costs for manufacturing and the costs associated with distribution of our products; plans for and success of product innovation, the impact of new product introductions on the growth of sales; anticipated results from product line extension sales; expected tax rates and the impact of tax legislation and regulatory action; changes in the geopolitics and political conditions or relations between the United States and other nations; changes in trade policies and tariffs and the impact therefrom; the impacts from inflationary trends; the impacts from supply chain constraints and supply chain disruptions; changes in interest rates; and forecasted foreign currency exchange rates and commodity prices and specialty chemicals.

The Company’s expectations, beliefs and forecasts are expressed in good faith and are believed by the Company to have a reasonable basis, but there can be no assurance that the Company’s expectations, beliefs or forecasts will be achieved or accomplished. All forward-looking statements reflect the Company’s expectations as of August 17, 2026. We undertake no obligation to revise or update any forward-looking statements.

Actual events or results may materially differ from those projected in forward-looking statements due to various factors, including, but not limited to, those identified in Part I—Item 1A, “Risk Factors,” in the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 2025 which the Company filed with the SEC on October 27, 2025, and in the Company’s Quarterly Report on Form 10-Q for the period ended May 31, 2026, which the Company filed with the SEC on July 9, 2026.

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ComEd, Metropolitan Mayors Caucus Award More Than $170,000 for Clean Energy Projects and Public Safety

Twenty-four communities across Illinois selected through the 2026 Powering Safe Communities Program

CHICAGO–(BUSINESS WIRE)–
ComEd and the Metropolitan Mayors Caucus today announced that 24 local governments, public agencies and nonprofit organizations across Illinois will receive more than $170,000 through the 2026 Powering Safe Communities Program. For the last 12 years, the grant program supports projects that enhance public safety and advance clean energy solutions in communities throughout northern Illinois.

“The success of the Powering Safe Communities Program reflects the strong partnership between ComEd and the Metropolitan Mayors Caucus, and our shared commitment to building safer and more resilient communities,” said Melissa Washington,senior vice president of government, regulatory and external affairs at ComEd. “We’re proud to help support local projects and invest in communities that are building for the future.”

The 2026 grant recipients join a growing network of communities that have benefited from the program’s support. Since its launch in 2015, the Powering Safe Communities Program has awarded over $2 million in grant funding to support more than 260 public safety and clean energy projects.

ComEd partners with the Metropolitan Mayors Caucus, a council of Chicagoland’s chief elected officials, to administer the program. To help ensure transparency and community relevance, an external panel of judges reviews applications, while grant applicants are required to match the award funding with an equal or greater investment.

“Our partnership with ComEd continues to make a meaningful impact by providing real benefits to communities,” said Neil James, executive director of the Metropolitan Mayors Caucus. “These projects reflect the creativity and commitment of local leaders who are turning community priorities into action.”

Communities are encouraged to apply for the 2027 program and share their vision for a safer and cleaner future. For more information including how to apply, go to ComEd.com/Grants.

The 2026 Powering Safe Communities grant recipients and their funded projects include:

Algonquin Area Public Library District (Algonquin) will purchase two new automated external defibrillator (AED) machines and provide training for approximately 50 staff members.

Bartlett Park District (Bartlett) will purchase a publicly accessible, weather protected, AED for Jim Jensen Pavilion in Apple Orchard Community Park.

Beecher Fire Protection District (Beecher) will replace aging and unreliable equipment with three battery-operated thermal imaging cameras and three battery-operated rescue saws.

Big Rock Fire Protection District (Big Rock) will purchase a battery-operated hydraulic rescue ram to enhance technical rescue capabilities during motor vehicle collisions and structural emergencies.

004^th District Community Youth and Retirement Organization (Chicago) will install over 20 solar-lit block club signs to enhance neighborhood safety and community engagement.

IAVY Inc. (Chicago) will install permanent solar-powered lighting and electrical infrastructure at South Side Sanctuary to improve safety and accessibility.

Village of Crete Emergency Management Agency (Crete) will establish a multi-department public safety drone system serving the police department, fire department, emergency management agency and public works department.

City of Earlville Police Department (Earlville) will upgrade mobile data computers in two police vehicles to improve officers’ access to real-time information, enhance operational efficiency and support public safety.

Fox Lake Police Department (Fox Lake) will purchase 12 AEDs for patrol vehicles.

Village of Hillside (Hillside) will install two level two electric vehicle (EV) charging stations at the Hillside Municipal Complex, each with two charging ports.

Teachers to the Rescue (Lanark) will purchase bleeding control equipment and Individual First Aid Kits to be placed in schools, and provide training for school staff members.

Leaf River Fire Protection District (Leaf River) will purchase a battery-operated telescoping ram for vehicle and technical rescue operations.

Village of North Aurora (North Aurora) will purchase and install two solar-powered cloud-connected speed radar signs on Banbury Road to address ongoing speeding concerns and improve safety for residents and students.

Village of North Riverside (North Riverside) will install solar-powered flashing stop signs, LED pedestrian crossing signs and a speed radar sign to improve pedestrian safety and reduce vehicle speeds in high-traffic areas.

City of Oregon (Oregon) will purchase a radar speed trailer to reduce speed, provide awareness, and make the community safer.

Orland Hills Police Department (Orland Hills) will purchase eight fully automatic AEDs to help police officers respond to cardiac events before paramedics arrive.

Park Forest Police Department (Park Forest) will purchase five radar speed signs, including installation and data-driven targeted speed enforcement training for officers.

Village of Posen (Posen) will install four solar-powered radar speed feedback signs and update school zone speed limit signage to improve safety around Posen Elementary School and Gordon Middle School.

Robbins Park District (Robbins) will install an automated external defibrillator at a park district facility and purchase portable lighting equipment to support youth recreation activities during evening hours.

Family Peace Center (Rockford) will provide day-fare bus passes to survivors of domestic and sexual violence to improve access to transportation and support services.

Sauk Village Fire Department (Sauk Village) will purchase two battery-operated chain saws and train department members in safe operation, PPE requirements, and maintenance.

The Village of Schiller Park (Schiller Park) will purchase nine rechargeable AEDs and administer CPR training throughout the village.

Village of Skokie Police Department (Skokie) will acquire a mobile light tower/generator to support public safety operations during emergencies and power outages.

Addison Township Highway Department (Wood Dale) will purchase and install four AED stations throughout township facilities, where no AED stations are currently available.

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 company and one of the nation’s largest utility companies, serving more than 10.7 million electricity and natural gas customers. ComEd powers the lives of more than 4.2 million customers across northern Illinois, or 70 percent of the state’s population. For more information, visit ComEd.com, and connect with the company on Facebook, Instagram, LinkedIn, X and YouTube.

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ComEd

Media Relations

312-394-3500

KEYWORDS: Illinois United States North America

INDUSTRY KEYWORDS: Utilities Oil/Gas Law Enforcement/Emergency Services Professional Services Public Policy/Government Alternative Energy Energy Social Services State/Local Public Safety

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Posted on August 17, 2026 5:57 pm

Mitek Appoints Aaron Seyler as Chief Revenue Officer

Mitek Appoints Aaron Seyler as Chief Revenue Officer

SAN DIEGO–(BUSINESS WIRE)–Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification and fraud prevention, announced the appointment of Aaron Seyler as Mitek’s Chief Revenue Officer to lead Mitek’s go-to-market organization, effective as of his start date, August 17, 2026.

Mr. Seyler joins Mitek from Vonage, an Ericsson company, where he led a global go-to-market organization across 17 countries. In his role as Chief Revenue Officer there, he scaled an API-based enterprise software business through a global partner and channel ecosystem, a motion similar to Mitek’s delivery of its identity and fraud capabilities into customer onboarding, authentication, and transaction workflows. Prior to Vonage, he led the go-to-market function at Telesign, a digital fraud and identity protection company, where he helped scale revenue from approximately $200 million to more than $600 million and led its expansion into international markets.

“We are pleased to welcome Aaron to Mitek. Unifying our go-to-market functions under a single CRO creates greater alignment and accountability for growth. Aaron has a strong track record of driving revenue growth at global enterprise software businesses, including in digital identity and fraud, and we believe he is the right leader to drive the next phase of our growth,” said Edward H. West, Chief Executive Officer of Mitek.

“I have spent my career scaling enterprise revenue for software platform businesses, including in digital fraud and identity, and what stands out about Mitek is the trust it has earned with many of the world’s largest institutions, the banks and enterprises where protecting identity and assets is mission critical. That trust, together with the technology, data, and services ecosystem beneath it, is difficult to build and difficult to replicate. I am excited to bring our go-to-market teams together and, alongside our partners, help more of these institutions put Mitek’s capabilities to work against the growing threat of digital and AI-driven fraud,” said Aaron Seyler, Chief Revenue Officer of Mitek.

In connection with Mr. Seyler’s appointment as the Company’s Chief Revenue Officer, the Human Capital Committee of the Company’s Board of Directors approved, effective as of his start date, employment inducement awards in the form of performance-based vesting restricted stock units (“PSUs”) and service-based vesting restricted stock units (“RSUs”), with an aggregate grant date fair value of approximately $2,500,000.

The awards consist of (i) 67,459 PSUs which may vest, if at all, following the completion of the three-year performance period based on the Company’s relative total shareholder return performance measured against the Russell 2000 Index, with up to an additional 67,459 PSUs eligible to vest for above-target performance, and (ii) 67,459 RSUs that vest in four equal annual installments beginning on the first anniversary of the grant date. In each case, vesting of the PSUs and RSUs is subject to Mr. Seyler’s continued employment through the applicable vesting date, subject to earlier vesting provisions in connection with a change in control and certain qualifying terminations of employment.

The PSUs and RSUs were granted as inducement awards material to Mr. Seyler’s acceptance of employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The awards were granted outside of, and the shares subject to the awards were not drawn from the share reserve under, the Company’s Second Amended and Restated 2020 Incentive Plan (the “Plan”), but are subject to terms and conditions substantially similar to those applicable to awards granted under the Plan.

About Mitek Systems, Inc.

Mitek Systems protects what’s real across digital interactions in a world of evolving threats. Mitek helps businesses verify identities, prevent fraud before it happens, and deliver secure, seamless digital experiences in the face of rapidly advancing AI-generated threats. From account opening to authentication and deposit, Mitek’s technology safeguards critical digital interactions. More than 7,000 organizations rely on Mitek to protect their most important customer connections and stay ahead of emerging risks. Learn more at www.miteksystems.com. [(MITK-F)]

Follow Mitek on LinkedIn and YouTube, and read Mitek’s latest blog posts here.

Notice Regarding 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, including statements regarding Mr. Seyler’s expected contributions, the Company’s go-to-market strategy and next phase of growth, and the potential vesting of the PSUs and RSUs. These statements are based on the Company’s current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including the risks described in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation to update them except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260817725275/en/

Media Contact:

Mitek Media Relations

[email protected]

Investor Contacts:

Ryan Flanagan ICR for Mitek Systems

[email protected]

Michael Holder

SVP, Finance and Investor Relations

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Software Finance Data Management Professional Services Technology Fintech Mobile/Wireless Security

MEDIA:

Posted on August 17, 2026 5:53 pm

PNR Investors Have Opportunity to Lead Pentair plc Securities Fraud Lawsuit

PR Newswire

NEW YORK, Aug. 17, 2026 /PRNewswire/ —

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Pentair plc (NYSE: PNR) between April 28, 2026 and July 14, 2026, inclusive (the “Class Period”), of the important October 2, 2026 lead plaintiff deadline.

So what: If you purchased Pentair securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Pentair class action, go to https://rosenlegal.com/cases/pentair-plc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 2, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, defendants made materially false and/or misleading statements and or failed to disclose that: (1) there was significant destocking of inventory in the Pool channel; (2) as a result, Pentair’s sales and operating income were adversely affected; and (3) as a result of the foregoing, defendants’ positive statements about Pentair’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. 

To join the Pentair class action, go to https://rosenlegal.com/cases/pentair-plc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

     Laurence Rosen, Esq.
     Phillip Kim, Esq.
     The Rosen Law Firm, P.A.
     275 Madison Avenue, 40th Floor
     New York, NY 10016
     Tel: (212) 686-1060
     Toll Free: (866) 767-3653
     Fax: (212) 202-3827
     [email protected]
     www.rosenlegal.com

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SOURCE THE ROSEN LAW FIRM, P. A.

Posted on August 17, 2026 5:50 pm

HDB Shareholder Alert: October 13, 2026 Lead Plaintiff Deadline in HDFC Bank Limited Securities Class Action – Contact Levi & Korsinsky

Promise vs. Reality Under Scrutiny: HDFC Bank Limited (NYSE: HDB) publicly described its ethics and controls as sound while, according to a securities class action, approximately $4.7 million in deposit inducements was allegedly recorded as road safety sponsorship spending

NEW YORK, Aug. 17, 2026 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP reminds purchasers of HDFC Bank Limited (NYSE: HDB) securities of a pending securities class action brought on behalf of investors who acquired shares between July 17, 2023 and May 26, 2026. Find out if you could qualify to recover your per-share losses. You may also contact Joseph E. Levi, Esq. at [email protected] or ☎(212) 363-7500.

HDB American Depositary Shares declined a cumulative $3.11 per share, across two disclosure events, ultimately closing at $23.78 on May 27, 2026. The last day to move for lead plaintiff is October 13, 2026.

What the Company Told Investors About Its Books

Quarterly releases throughout the Class Period reported net interest income figures such as ₹306.5 billion for the quarter ended December 31, 2024, alongside core net interest margin and cost-to-income ratios presented as reflecting ordinary banking operations. The lawsuit maintains that those categories were not accurate because a rate differential paid to attract deposits was allegedly booked as marketing expense rather than as interest expended.

The Gap the Lawsuit Describes

• Promised: interest expense measured as “interest earned less interest expended.” Alleged reality: roughly Rs 45 crore ($4.7 million) of deposit-related cost allegedly routed through the marketing department.
• Promised: rates consistent with published deposit terms. Alleged reality: 6.01% offered to one state entity, a claimed 2.51% markup over other savings accounts.
• Promised: sponsorship of a road safety awareness campaign. Alleged reality: a vehicle for paying that differential, plaintiffs assert.
• Promised: strong institutional ethics. Alleged reality: the part-time Chairman resigned on March 18, 2026 citing practices “not in congruence with my personal Values and Ethics.”
• Promised: effective internal control over financial reporting. Alleged reality: senior management approval of the arrangement, per the complaint.
• Result: HDB shares fell $2.09 (7.28%) to $26.62 on March 18, 2026, then $1.02 (4.1%) to $23.78 on May 27, 2026, both on unusually heavy volume.

Why the Accounting Classification Allegedly Mattered

Because an internal review reportedly concluded that more than ten senior officials bore responsibility, the lawsuit maintains that the alleged misclassification touched both reported margin metrics and the Company’s representations about its control environment. Plaintiffs assert that investors purchasing during the Class Period paid prices that did not reflect these allegedly undisclosed facts.

“When companies fail to disclose material information, shareholders may suffer significant losses, and the allegation here is that a deposit inducement was recorded under a label that obscured its economic character,” — Joseph E. Levi, Esq.

Submit your information here or call (212) 363-7500.

WHY LEVI & KORSINSKY — Ranked in ISS Securities Class Action Services’ Top 50 Report for seven consecutive years, Levi & Korsinsky, LLP is a nationally recognized leader in shareholder rights litigation. With a team of over 70 professionals, the firm has recovered hundreds of millions of dollars for investors. Investors who suffered losses have until October 13, 2026 to seek appointment as lead plaintiff.

Frequently Asked Questions About the HDB Lawsuit

Q: How much did HDB stock drop? A: HDFC’s American depository share price fell approximately $2.09, or about 7.28% to close at $26.62 on March 18, 2026. The stock fell a further approximate $1.02, or 4.1% to ultimately close at $23.78 on May 27, 2026.

Q: What specific misstatements does the HDB lawsuit allege? A: The complaint alleges HDFC Bank Limited made materially false or misleading statements regarding its net interest income, net interest margin, operating expenses, regulatory compliance, and internal controls during the Class Period. When reports emerged that deposit inducements were allegedly camouflaged as sponsorship payments, the stock price declined sharply.

Q: Who are the defendants named in the HDB lawsuit? A: The complaint names HDFC Bank Limited and individual defendants including senior executives who signed SEC filings, made public statements, or certified financial disclosures under Sarbanes-Oxley.

Q: What do HDB investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible as an absent class member.

Q: What documents do I need to to submit my information? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.

Q: What if I already sold my HDB shares — can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought during the Class Period and sold at a loss may still be eligible to participate.

Q: What if I live outside the United States? A: U.S. securities class actions generally cover purchases on U.S. exchanges regardless of the investor’s country of residence.

Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in the securities class action, they are generally handled on a contingency basis, with any attorneys’ fees and expenses subject to court approval.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

Posted on August 17, 2026 5:48 pm

California Water Service Group Named One of “World’s Greenest Companies” by Newsweek

SAN JOSE, Calif., Aug. 17, 2026 (GLOBE NEWSWIRE) — For the utility’s ongoing dedication to sustainability and environmental responsibility, Newsweek has named California Water Service Group (Group) (NYSE: CWT) one of the “World’s Greenest Companies.” This recognition follows Group’s inclusion on Newsweek’s “America’s Greenest Companies” list for the second time in October 2025.

This year, Newsweek recognized the top 850 companies across 28 countries for their environmental sustainability performance; Group is one of only two water utilities on the 2026 list. Newsweek developed the ranking in partnership with statistics portal and industry ranking provider Plant-A Insights Group and GIST Impact.

The methodology compared both public and private companies with more than 500 employees globally against minimum sustainability standards set by the European Union. Newsweek evaluated more than 25 parameters in four categories: greenhouse gas emissions, water usage, waste generation, and sustainability data disclosures and commitments. The ranking also analyzed companies’ media coverage.

“At California Water Service Group, we take our role as environmental stewards seriously, and we continue to enhance our efforts to reduce our environmental footprint and protect our natural resources,” said Marty Kropelnicki, Group Chairman & CEO. “We appreciate Newsweek for recognizing us to be among the greenest companies worldwide.”

The full list is available at rankings.newsweek.com/worlds-greenest-companies-2026.

About California Water Service Group

California Water Service Group is the largest regulated water utility in the western United States. It provides high-quality, reliable water and/or wastewater services to more than 2.2 million people in California, Hawaii, New Mexico, Washington, and Texas through its regulated subsidiaries, California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, and its utility holding company, TWSC Inc. (Texas Water Service). This year, the company commemorates a century of service.

Group’s purpose is to enhance the quality of life for customers, communities, employees, and stockholders. To do so, it invests responsibly in water and wastewater infrastructure, sustainability initiatives, and community well-being. The company’s nearly 1,300 employees live by a set of strong core values and share a commitment to protecting the planet, caring for people, and operating with the utmost integrity. The company has been named one of “America’s Most Responsible Companies” and the “World’s Most Trustworthy Companies” by Newsweek, a USA Top Workplace, and a Great Place to Work^®. More information is available at www.calwatergroup.com.

MEDIA CONTACT: Yvonne Kingman, (310) 257-1434