Market Newsdesk

CUSIP Nos. 54288CAA1 / U5423CAA6

Miami, FL, May 15, 2026 (GLOBE NEWSWIRE) — MARA Holdings, Inc. (NASDAQ: MARA) (“MARA”) today announced the expiration and results of the previously announced consent solicitation (the “Consent Solicitation”) by MARA USA Corporation, its wholly owned subsidiary (the “Offeror”), relating to the outstanding 8.750% Senior Secured Notes due 2032 (the “Notes”) of Long Ridge Energy LLC (the “Issuer”).

The Consent Solicitation expired at 5:00 p.m., New York City time, on May 15, 2026 (the “Expiration Time”). On May 14, 2026, prior to the Expiration Time, the Offeror received the requisite consents from registered holders (“Holders”) of at least a majority of the aggregate principal amount of the Notes outstanding (the “Requisite Consents”) to approve the proposed amendments (the “Proposed Amendments”) to the indenture governing the Notes (the “Indenture”), as described in the consent solicitation statement dated as of May 7, 2026 (as amended or supplemented from time to time, the “Consent Solicitation Statement”). Accordingly, on May 14, 2026, the Issuer and the subsidiary guarantors party to the Indenture entered into a supplemental indenture to the Indenture with U.S. Bank Trust Company, National Association, as trustee, reflecting the Proposed Amendments.

The Proposed Amendments will become operative only upon the consummation of the Transaction (as defined below), the payment of the Consent Fee (as defined below) to the Depository Trust Company for the benefit of Consenting Holders (as defined below) and the satisfaction of certain other conditions, in each case as described in the Consent Solicitation Statement. The Consent Fee is expected to be paid substantially concurrently with the Transaction closing, which, if consummated, is currently expected to be in the second half of 2026, and could be as soon as the third quarter of 2026, subject to regulatory approvals, including clearance under the Hart-Scott-Rodino Act and Federal Energy Regulatory Commission approval, as well as satisfaction of other customary closing conditions.

Subject to the terms and conditions of the Consent Solicitation, the Offeror offered each Holder of the Notes who validly delivered (and did not validly revoke) its consents to the Proposed Amendments prior to the Expiration Time (each such Holder a “Consenting Holder”) a consent consideration equal to $2.50 per $1,000 in principal amount of the Notes held by such Consenting Holder (the “Consent Fee”). If the Transaction is not consummated or the other conditions to the Consent Solicitation are not satisfied or waived, no Consent Fee will be paid, the Proposed Amendments will not become operative, and the Notes will continue to be subject to the current terms and conditions of the Indenture.

Amendment & Consent

As described in the Consent Solicitation Statement, on April 29, 2026, the Offeror and MARA entered into an Equity Purchase Agreement with Ohio River Partners Holdco LLC, Ohio River Partners Finance LLC (collectively, the “Sellers”) and (solely for the purposes of Articles V, IX and X and Sections 2.5, 6.10, 6.16 and 6.20 of the Equity Purchase Agreement) FTAI Infrastructure Inc. Pursuant to the Equity Purchase Agreement, the Offeror will acquire 100% of the issued and outstanding limited liability company membership interests in Long Ridge Energy & Power LLC (“Long Ridge” and, such transaction, the “Transaction”). The Issuer is a wholly owned subsidiary of Long Ridge. At the closing of the Transaction, Long Ridge will become an indirect wholly owned subsidiary of MARA.

The consummation of the Transaction would constitute a “Change of Control” under the Indenture, absent the Proposed Amendments becoming operative. Following a “Change of Control” (as defined in the Indenture) the Indenture requires the Issuer to make an offer to purchase for cash all of the Notes then outstanding at a price equal to 101% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the date of purchase.

Subject to the conditions described in the Consent Solicitation Statement, the Offeror sought consents from Holders of the Notes to amend the Indenture to (i) provide that the Transaction will not constitute a “Change of Control,” (ii) provide that MARA and its affiliates will each be a Permitted Holder (as defined in the Indenture), and (iii) add to, amend, supplement or change certain other defined terms contained in the Indenture and the Notes related to the foregoing (collectively, the “Proposed Amendments”). As a result of receiving the Requisite Consents, the Issuer will not be required to make a “Change of Control” offer for the Notes if the Transaction is consummated and the Proposed Amendments become operative.

Solicitation Agents and Information

Barclays Capital Inc. is serving as solicitation agent (the “Solicitation Agent”) in connection with the Consent Solicitation. Global Bondholder Services Corporation is serving as the information agent and tabulation agent in connection with the Consent Solicitation (“GBSC” or the “Information and Tabulation Agent”).

Questions regarding the terms of the Consent Solicitation may be directed to the Solicitation Agent at (212) 528 7581 or (800) 438 3242 (toll-free) or by email to [email protected]. Questions or requests for assistance in completing and delivering a consent or requests for copies of the Consent Solicitation Statement may be directed to GBSC at (212) 430-3774 or (855) 654-2015 (toll-free) or by email to [email protected].

This press release does not constitute an offer to sell, or an offer to purchase, or a solicitation of an offer to purchase or sell, any security. The Consent Solicitation was made solely pursuant to the terms of the Consent Solicitation Statement. No recommendation was made as to whether Holders should consent to the Proposed Amendments. The Consent Solicitation was not made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such solicitation under applicable state or foreign securities or “blue sky” laws.

About MARA and the Offeror

MARA (NASDAQ: MARA) deploys digital energy technologies to advance the world’s energy systems. Harnessing the power of compute, MARA transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure. Building on its expertise to redefine the future of energy, MARA develops technologies that reduce the energy demands of high-performance computing applications, from AI to the edge. MARA’s common stock is listed on the Nasdaq Capital Market under the symbol “MARA.”

The Offeror is a wholly owned subsidiary of MARA.

Important Information

This communication is provided solely for informational purposes in connection with the Consent Solicitation described herein. The Consent Solicitation was made only pursuant to the Consent Solicitation Statement and the information contained therein. This communication does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities, nor does it constitute a recommendation as to whether any Holder should have consented to the Proposed Amendments.

MARA has not filed this communication or the Consent Solicitation Statement with, and neither has been reviewed by, any federal, state or foreign securities commission or other regulatory authority. No authority has passed upon the accuracy or adequacy of this communication or the Consent Solicitation Statement, and it is unlawful and may be a criminal offense to make any representation to the contrary.

No person has been authorized to give any information or to make any representations in connection with the Consent Solicitation other than those contained in the Consent Solicitation Statement and, if given or made, such information or representations should not be relied upon as having been authorized.

None of the Offeror, MARA, the Sellers, Long Ridge, the Issuer, the subsidiary guarantors, the Solicitation Agent, the Information and Tabulation Agent or the Trustee have made any recommendation as to whether Holders should have consented or refrained from consenting to the Proposed Amendments.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The words “may,” “will,” “could,” “anticipate,” “expect,” “intend,” “believe,” “continue,” “target” and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among other things, statements related to the parties’ ability to consummate the transaction on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to securing the necessary third-party approvals, or the satisfaction of other closing conditions to consummate the transaction; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive agreement or any unanticipated difficulties or expenditures relating to the transaction; MARA’s planned development of digital infrastructure projects, including the Hannibal, Ohio campus; the expected capacity, scalability and performance of the acquired facilities; the anticipated ability to shift between hyperscale and AI workloads and Bitcoin mining at the acquired facilities; MARA’s ability to finance the transaction on acceptable terms, or at all; the anticipated benefits of the proposed transaction, including MARA’s expansion into high-performance computing; MARA’s ability to advance and execute its digital energy infrastructure strategy; the expected earnings and cash flows from Long Ridge and the impact on the Issuer’s capital structure. These forward-looking statements are only predictions. These statements relate to future events or future financial performance and involve known and unknown risks, uncertainties and other important factors that may cause actual results, levels of activity, performance or achievements to materially differ from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should read the factors disclosed under “Certain Significant Considerations” in the Consent Solicitation Statement in conjunction with the forward-looking statements included in this press release. New factors could emerge from time to time and it is not possible to predict all such factors. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on these forward-looking statements as guarantees of future events. These forward-looking statements speak only as of the date made and are not guarantees of future performance of results. MARA and the Offeror expressly disclaim any obligation or undertaking to release any updates or revisions to any forward-looking statement contained herein to reflect any change in expectations with regard thereto or any change of events, conditions or circumstances on which any such statement was based, except as required by law.

Because actual results could differ materially from intentions, plans, expectations, assumptions and beliefs about the future, you are urged not to rely on forward-looking statements included in this press release and to view all forward-looking statements made in this press release with caution.

MARA Company Contact:
Telephone: 800-804-1690
Email: [email protected]

MARA Media Contact:

Email: [email protected]

MIAMI, FL, May 15, 2026 (GLOBE NEWSWIRE) — NextNRG, Inc. (NASDAQ: NXXT), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered, today announced it will host a conference call on Monday, May 18, 2026 at 9:00 a.m. Eastern Time to discuss its first quarter 2026 financial results and provide a corporate update.

Conference Call Details

•  Date: Monday, May 18, 2026

•  Time: 9:00 a.m. Eastern Time

•  Participant Dial-In (U.S. Toll-Free): 877-407-9219 / +1 412-652-1274

•  Participant Dial-In (International): +1 412-652-1274

•  Participant Dial-In (Canada Toll-Free): 877-407-9219 / +1 412-652-1274

Webcast Access

A live audio webcast of the call will be available at: https://event.choruscall.com/mediaframe/webcast.html?webcastid=EyFyVDMM.

The webcast will be archived for 12 months following the call.

Replay Information

A replay of the conference call will be available beginning approximately one hour after the call and will remain accessible through May 28, 2027:

•  U.S. Toll-Free: 877-660-6853 / 201-612-7415

•  International: 201-612-7415

•  Canada Toll-Free: 877-660-6853 / 201-612-7415

•  Replay Access Code: 13760198

About NextNRG, Inc.

NextNRG Inc. (NextNRG) is Powering What’s Next by integrating artificial intelligence (AI) and machine learning (ML) into utility infrastructure, battery storage, wireless EV in-motion charging, renewable energy and mobile fuel delivery, to create a unified platform for modern energy management.At the core of its strategy is the Next Utility Operating System®, which uses AI to optimize both new and existing infrastructure across microgrids, utilities, and fleet operations. NextNRG’s smart microgrids serve commercial, healthcare, educational, tribal, and government sites delivering cost savings, reliability, and decarbonization. The company also operates one of the nation’s largest on-demand fueling fleets and is advancing wireless charging to support fleet electrification.To learn more, visit www.nextnrg.com.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG’s goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as “expect,” “intends,” “will,” and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG’s business and macroeconomic and geopolitical events. These and other risks are described in NextNRG’s filings with the Securities and Exchange Commission from time to time. NextNRG’s forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG’s forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.

Investor Relations Contact

NextNRG, Inc.

Sharon Cohen
[email protected]

Revenue Increased 29% Year-Over-Year to $21.1 Million While Gross Profit More Than Tripled

Interest Expense Declined 80% as Company Advances Microgrid Pipeline and Optimizes Fueling Operations

MIAMI, May 15, 2026 (GLOBE NEWSWIRE) — NextNRG, Inc. (NASDAQ: NXXT) (“NextNRG” or the “Company”), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered, today announced financial results for the first quarter ended March 31, 2026.

“Our first quarter results reflect disciplined execution across both segments of our business,” said Michael D. Farkas, Founder and CEO of NextNRG. “Revenue grew 29% year-over-year, gross profit more than tripled, and we reduced interest expense by 80% compared to the same quarter last year. These results demonstrate the progress we are making in scaling and optimizing our fueling operations while continuing to advance our energy infrastructure pipeline in a fiscally disciplined manner.”

Mr. Farkas continued, “We remain focused on what matters: growing revenue, improving unit economics, progressing our microgrid pipeline, and managing our cost structure with discipline. We believe this approach positions NextNRG to deliver long-term value as both segments of our business continue to develop.”

First Quarter 2026 Financial Highlights

^{(1) Adjusted EBITDA is a non-GAAP financial measure. See reconciliation and Non-GAAP Financial Measures disclosure below.}

First Quarter 2026 Financial Results

Revenue for the three months ended March 31, 2026 was $21,059,130, compared to $16,272,673 in the first quarter of 2025, representing growth of 29% year-over-year. Revenue growth was driven by continued expansion of the Company’s mobile fueling operations, including growth in fuel volumes delivered and an increase in the average price per gallon across existing markets.

Gross profit increased to $1,711,710, compared to $517,969 in the first quarter of 2025. Gross margin percentage expanded to 8.1% from 3.2% in the prior-year period, reflecting continued improvements in route optimization, fleet utilization, and operating efficiency across the Company’s fueling platform.

Loss from operations was $10,093,843 for the first quarter of 2026, compared to $5,753,872 for the first quarter of 2025. The increase in operating loss was primarily attributable to $7,859,677 in non-cash stock-based compensation expense recorded during the first quarter of 2026 in connection with shares issued for services. Excluding this non-cash item, the Company continued to make progress on cost discipline relative to revenue growth.

Net loss was $10,766,492 for the first quarter of 2026, compared to $8,937,999 for the first quarter of 2025. For the first quarter of 2026, net loss available to common stockholders was $10,880,521 after preferred stock dividends, compared to $8,960,972 for the first quarter of 2025.

Interest expense was $680,596 for the first quarter of 2026, compared to $3,323,397 for the first quarter of 2025, representing an 80% reduction year-over-year and reflecting lower financing-related charges and reduced amortization of debt discounts as a result of the Company’s refinancing activity in 2025.

The Company continues to advance its energy infrastructure segment, including its smart microgrid pipeline, and remains focused on scaling and optimizing its mobile fueling operations. Both segments are being managed with an emphasis on disciplined operational and fiscal execution.

Adjusted EBITDA

The following table presents a reconciliation of net loss to Adjusted EBITDA for the three months ended March 31, 2026 and 2025:

Adjusted EBITDA was $(1,155,146) for the first quarter of 2026, compared to $(3,395,542) for the first quarter of 2025. The $2,240,396 improvement year-over-year reflects the significant reduction in interest expense and improvement in gross profit, partially offset by the increase in non-cash stock-based compensation expense recorded during the first quarter of 2026.

Balance Sheet and Liquidity

As of March 31, 2026, the Company had:

• Cash and cash equivalents of $208,048, compared to $2,116,932 and $384,140 at March 31, 2025 and December 31, 2025, respectively
• Total assets of $12,263,129, compared to $11,063,353 at December 31, 2025
• Accounts receivable of $2,900,153, compared to $2,039,214 at December 31, 2025

Management continues to evaluate multiple financing and strategic initiatives intended to support working capital requirements, operational growth, and expansion of the Company’s energy infrastructure platform.

Looking Ahead: Scaling the Integrated Energy Platform

NextNRG is focused on expanding its integrated platform across three infrastructure-aligned revenue streams:

• Utility Operating System and Smart Microgrids: Advancing the Company’s AI-driven microgrid pipeline across commercial, healthcare, municipal, industrial and federal markets through power purchase agreements and SaaS arrangements.
• Wireless EV Charging: Progressing from development toward commercial deployment, with a focus on fleet operators, logistics facilities, and industrial equipment applications.
• Mobile Fueling Logistics: Continuing to scale and optimize national fueling operations with a focus on route efficiency, fleet utilization, and disciplined cost management.

Non-GAAP Financial Measures

Adjusted EBITDA is a non-GAAP financial measure. Adjusted EBITDA should not be considered a substitute for measures prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), nor should it be viewed as a substitute for operating results determined in accordance with GAAP. We believe that the presentation of Adjusted EBITDA, which excludes the impact of net interest expense, taxes, depreciation, amortization, and stock-based compensation expense, provides useful supplemental information that is essential to a proper understanding of our financial results. Non-GAAP measures are not formally defined by GAAP, and other entities may use calculation methods that differ from ours for the purposes of calculating Adjusted EBITDA. As a complement to GAAP financial measures, we believe that Adjusted EBITDA assists investors who follow the practice of some investment analysts who adjust GAAP financial measures to exclude items that may obscure underlying performance and distort comparability. See the reconciliation of net loss to Adjusted EBITDA above.

About NextNRG, Inc.

NextNRG, Inc. (NextNRG) is Powering What’s Next by integrating artificial intelligence (AI) and machine learning (ML) into utility infrastructure, battery storage, wireless EV in-motion charging, renewable energy and mobile fuel delivery, to create a unified platform for modern energy management.At the core of its strategy is the Next Utility Operating System®, which uses AI to optimize both new and existing infrastructure across microgrids, utilities, and fleet operations. NextNRG’s smart microgrids serve commercial, healthcare, educational, tribal, and government sites delivering cost savings, reliability, and decarbonization. The company also operates one of the nation’s largest on-demand fueling fleets and is advancing wireless charging to support fleet electrification.To learn more, visit www.nextnrg.com.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG’s goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as “expect,” “intends,” “will,” and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG’s business and macroeconomic and geopolitical events. These and other risks are described in NextNRG’s filings with the Securities and Exchange Commission from time to time. NextNRG’s forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG’s forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.

Investor Relations Contact

NextNRG, Inc.

Sharon Cohen
[email protected]

ALBUQUERQUE, N.M., May 15, 2026 (GLOBE NEWSWIRE) — LGI Homes, Inc. announces the grand opening of Vistas at Los Senderos, an exciting new community located within the growing Los Senderos master-planned development in Los Lunas, one of the Albuquerque area’s fastest-growing residential corridors.

Since opening in late April, Vistas at Los Senderos has experienced strong interest and positive momentum, reflecting an enthusiastic response from homebuyers seeking quality new homes in Los Lunas. “We are excited to continue our presence in the Los Lunas market and to bring continued success to the area,” stated Dallas Murphy, Vice President of Operations for New Mexico.

The opening of Vistas at Los Senderos comes amid continued residential and economic growth in Los Lunas, where expanding employment opportunities and infrastructure investment continue to drive housing demand throughout the region. Conveniently located near Interstate 25 and Highway 6, Vistas at Los Senderos offers residents a quick and easy commute to downtown Albuquerque, as well as convenient access to major employers, shopping, dining, and local attractions.

Vistas at Los Senderos is part of the larger Los Senderos master-planned development, a transformative mixed-use community planned for approximately 900 acres in Los Lunas. The development is designed to bring together residential neighborhoods, parks, trails, open space, and future commercial opportunities in one connected environment. Planned with long-term growth in mind, Los Senderos is expected to contribute to the continued expansion of the Los Lunas area while preserving the region’s natural beauty and outdoor lifestyle. According to the Village of Los Lunas Los Senderos Area Plan and development marketing materials, the broader community vision includes thousands of future homes, integrated amenities, and a “live, work, shop and play” experience for residents.

LGI Homes offers thoughtfully designed homes, ranging from two- to five-bedrooms with one- and two-story, open-concept floor plans. Each home includes LGI Homes’ CompleteHome™ Package, which delivers upgraded features such as Whirlpool® stainless steel kitchen appliances, quartz countertops, luxury vinyl plank flooring, and designer finishes, all included at no additional cost. Homes at Vistas at Los Senderos start in the low-$300s.

Opening later this year, families will enjoy top-tier amenities with a community park that features a playground, picnic areas, and a basketball court. The community is also within reach of a variety of local amenities, including nearby parks, trails, and recreation facilities. Vistas at Los Senderos residents will also have quick access to Daniel Fernandez Recreation Center and Los Lunas Sports Complex, which feature sports fields, playgrounds, splash pads, and more.

For more information, customers are encouraged to call (866) 948-9681 ext. 660 or visit LGI Homes.com/VistasatLosSenderos.

About LGI Homes

Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. LGI Homes has closed over 80,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek’s list of the World’s Most Trustworthy Companies. LGI Homes’ commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state, and national level, including the Top Workplaces USA 2025 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company’s website at www.lgihomes.com.

MEDIA CONTACT:

Rachel Eaton

(281) 362-8998 ext. 2560

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/92cd664a-26f5-4092-b217-755771d4bc9f

MIAMI and NEW YORK, May 15, 2026 (GLOBE NEWSWIRE) — Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”), a diversified provider of financial services, today announced financial results for the first quarter ended March 31, 2026.

First Quarter 2026 Financial and Operational Highlights

• Total revenue was $23.5 million for the first quarter of 2026.
• Stock borrow/stock loan revenue increased 41% to $6.8 million, compared to $4.8 million in the first quarter of 2025.
• Advisory fees increased 35% to $1.0 million, compared to $0.7 million in the first quarter of 2025.
• Commissions and fees increased 11% to $2.3 million, compared to $2.1 million in the first quarter of 2025.
• Investment banking revenue was $1.6 million, adding to Siebert’s diversified revenue mix.
• Retail customer net worth was $18.8 billion at quarter’s end.
• Net loss was $2.0 million, compared to net income of $8.7 million in the first quarter of 2025.*
• Basic and diluted loss per share was $0.05, compared to basic and diluted earnings per share of $0.22 in the first quarter of 2025.*

For the three months ended March 31, 2026, Siebert’s results compared to the prior-year period reflected continued growth across core business lines, including stock borrow/stock loan and investment banking, offset by lower interest-related revenue, higher operating expenses, impairment of goodwill and an intangible asset related to our Media, Sports, and Entertainment divisions, as well as the $9.2 million unrealized gain recognized during the prior-year period related to our pre-IPO investment in restricted equity securities of a U.S. company that completed an IPO on March 31, 2025.

*The year-over-year comparison was affected by the $9.2 million non-cash unrealized gain recorded in the first quarter of 2025 on the restricted equity securities investment. Following the expiration of contractual resale restrictions on the equity securities, Siebert sold the majority of its position and recognized a net gain of $2.4 million related to the investment.

First Quarter 2026 and Recent Business Highlights

• Siebert Financial and Newsmax expanded their strategic partnership through financial programming and a national advertising campaign designed to bring Siebert’s financial expertise, brand, and services to Newsmax’s national audience. Additionally, Siebert professionals are expected to appear in dedicated financial programming on Newsmax, providing commentary on markets, the economy, wealth planning, corporate finance, and other key investment themes.
• Gebbia Media launched Tactical Wealth on Newsmax 2, bringing the podcast to television in a weekly format focused on the military and veteran community.
  Tactical Wealth supports Siebert’s broader engagement with veteran entrepreneurs and the military community, including the growth of tailored services such as Siebert.Valor.

Management Commentary

“Our first quarter results show strength across several important areas of the business, including stock loan, advisory fees, and commissions,” said John J. Gebbia, CEO of Siebert. “Our focus is on the bigger picture: building a broader Siebert platform, expanding our national reach, and creating new paths for long-term client and shareholder growth. Our expanded Newsmax partnership gives Siebert a national platform to introduce new services and support account-based expansion later this year.

“The year-over-year comparison reflects the impact of a significant non-cash unrealized gain recorded in the first quarter of 2025. This doesn’t detract from the key fact that Siebert entered 2026 with a more diversified operating base and a clear plan to scale,” said Andrew Reich, CFO of Siebert. “We are managing the business diligently while continuing to invest in areas that can support future revenue growth.”

About Siebert Financial Corp.
Siebert is a diversified financial services company and has been a member of the NYSE since 1967, when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms.

Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, StockCross Digital Solutions, Ltd., Gebbia Media LLC, and Siebert Crypto, LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage; investment banking and capital markets services; investment advisory and insurance offerings; securities lending; corporate stock plan administration solutions; in addition to sports management, entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com.

Cautionary Note Regarding Forward-Looking Statements
The statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by, or that include the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend,” and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements.

These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of the management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert’s business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to realize anticipated synergies or successfully implement new business plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A – Risk Factors of Siebert’s Annual Report on Form 10-K for the year ended December 31, 2025, and Siebert’s filings with the SEC.

Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events, or otherwise, except to the extent required by the federal securities laws.

For inquiries, please contact:
Deborah Kostroun
[email protected]
+1-201-403-8185

NEW YORK, May 15, 2026 (GLOBE NEWSWIRE) — Blue Gold Limited (Nasdaq: BGL) (Nasdaq: BGLWW) (“Blue Gold” or the “Company”), a gold mining company with the infrastructure to deliver gold from mine-to-wallet, today announced a ruling from the Financial Services Division of the Grand Court of the Cayman Islands (the “Court”) addressing certain preliminary issues in ongoing litigation relating to the Company’s 2025 business combination with Perception Capital Corp. IV, a special purpose acquisition company.

The Court’s ruling provides clarification on the interpretation of the Company’s Articles of Association in the context of the business combination and confirms that any modification to the rights of the relevant shareholder class must be effected in accordance with the procedures set out in those Articles. The Court concluded that the proposed amendments cannot be implemented at this stage. As the decision addresses preliminary issues only, with a number of substantive matters reserved for determination at trial, the Court ordered that the existing interim injunction, which prevents the Company from proceeding with the EGM to alter its Articles of Association, remain in place pending final resolution of the outstanding matters at trial.

Andrew Cavaghan, Chief Executive Officer of Blue Gold, commented, “We acknowledge the Court’s ruling and respect the legal process. While we are pleased to have clarity on certain interpretive matters relating to our Articles, this decision addresses only preliminary issues and does not resolve the broader dispute. Blue Gold remains committed to protecting the interests of all shareholders and maintaining orderly market conditions. We will continue to evaluate all available legal and strategic options as the case proceeds, including any appeal and/or stay of the Court’s ruling on these preliminary issues.”

Next Steps

Several substantive matters remain to be determined at trial and Blue Gold will continue to engage constructively in the ongoing proceedings while remaining focused on executing its core business strategy and delivering long-term value for shareholders.

About Blue Gold Limited

Blue Gold Limited (Nasdaq: BGL) (Nasdaq: BGLWW) is gold mining company with the infrastructure to deliver gold from mine-to-wallet. The Company’s mission is to explore, develop and operate high quality mining projects while leveraging modern technologies to sell the gold directly to end customers in tokenised form. Blue Gold prioritizes growth, sustainable development, and transparency in all its business practices. We believe that our commitment to responsible mining will enable us to create value for our shareholders while minimizing our environmental footprint.



Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the safe harbor for forward-looking statements provided by Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on these forward-looking statements, which are current only as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Important factors that could cause actual results to differ materially from those discussed or implied in the forward-looking statements include, but are not limited to: general economic or political conditions; negative economic conditions that could impact Blue Gold Limited and the gold industry in general; reduction in demand for Blue Gold Limited’s products; changes in the markets that Blue Gold Limited targets; and any change in laws applicable to Blue Gold Limited or any regulatory or judicial interpretation. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. These and other important factors and risks are discussed in Blue Gold Limited’s annual report on Form 20-F, filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 29, 2026, and other filings with the SEC. In light of these risks, uncertainties, and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results, and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events, or otherwise. For more information regarding Blue Gold Limited, please visit https://bluegoldltd.com.

No Offer or Solicitation

This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities.

For Further Information Contact:
Dave Gentry
RedChip Companies, Inc.
1-800-REDCHIP (733-2447)
1-407-644-4256
[email protected]