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FortuneX Acquisition Corporation and WT Realty Group Inc. Announce Business Combination Agreement

NEW YORK, Sept. 18, 2026 (GLOBE NEWSWIRE) — FortuneX Acquisition Corporation (NASDAQ: FXAC) (“FortuneX”), a special purpose acquisition company, and WT Realty Group Inc. (“WT Realty”), an integrated, technology-enabled real estate platform providing real estate brokerage and related transaction services, escrow services, lending and mortgage-related services, title and commercial real estate services, and technology-enabled solutions for real estate professionals and consumers, announced today that they have entered into a definitive business combination agreement (“BCA”).

Upon the closing of the transactions contemplated by the BCA, FortuneX will have domesticated from the Cayman Islands to Delaware and will become the public holding company, which is intended to be named FortuneX Realty Group Holdings Inc. (“PubCo”). FortuneX Merger Sub Inc., a wholly owned subsidiary of FortuneX, will merge with and into WT Realty, with WT Realty surviving the merger as a wholly owned subsidiary of PubCo, and PubCo’s Class A common stock is expected to be listed on the Nasdaq Stock Market. The BCA provides for aggregate merger consideration of 60,000,000 shares of PubCo common stock, implying an equity value of approximately $600,000,000 based on a reference price of $10.00 per share.

“We are thrilled to partner with the team at WT Realty,” said Daniel McCabe, Chief Executive Officer and Chief Financial Officer of FortuneX. “After an extensive search for a high-impact partner, we believe that WT Realty’s growing platform and experienced management team position the combined company well for long-term value creation.”

“We believe this proposed business combination marks a major milestone, and we are excited and confident about the opportunities ahead,” said Tiffany Xu, Chief Executive Officer and Chairwoman of WT Realty.

The proposed business combination is expected to close in the first quarter of 2027, subject to, among other things, the approval of FortuneX’s shareholders, the approval of WT Realty’s stockholders, the effectiveness of the registration statement on Form S-4 to be filed with the SEC, the approval for listing of PubCo’s shares on the Nasdaq Stock Market, and other customary closing conditions. The description of the BCA contained herein is only a summary and is qualified in its entirety by reference to the full text of the BCA. Additional information will be provided in the Current Report on Form 8-K, to be filed by FortuneX with the Securities and Exchange Commission (“SEC”), which will be available at www.sec.gov. 

Advisors

Winston Taylor LLP is acting as legal counsel to WT Realty. Celine & Partners PLLC is acting as legal counsel to FortuneX.

About WT Realty Group Inc.

WT Realty Group Inc. is a Delaware corporation that operates and develops an integrated, technology-enabled real estate platform. Through its operating subsidiary, Wetrust Realty, and related entities, WT Realty provides real estate brokerage and related transaction services, escrow services, lending and mortgage-related services, title and commercial real estate services, and technology-enabled solutions for real estate professionals and consumers. For more information, please visit www.wetrustrealty.com.

About FortuneX Acquisition Corporation

FortuneX is a blank check company incorporated in the Cayman Islands as an exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. FortuneX’s securities are listed on the Nasdaq Stock Market under the ticker symbol ‘FXAC.’ FortuneX is led by Daniel M. McCabe, the Chairman, Chief Executive Officer and Chief Financial Officer. For more information, please visit FortuneX’s SEC filings available at www.sec.gov.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and “will,” or the negative of these terms or other similar expressions. These forward-looking statements include, but are not limited to, statements regarding the proposed business combination, the anticipated benefits of the proposed business combination, the anticipated timing of the closing, the ability of the parties to consummate the proposed business combination, the expected ownership and governance of PubCo following the closing of the BCA, the ability to obtain required shareholder, regulatory and Nasdaq approvals, the expected listing of PubCo on Nasdaq, the availability and terms of any transaction financing, and the expected future performance and operations of PubCo.

These forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties, many of which are beyond the control of FortuneX and WT Realty, that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others: the risk that the proposed business combination may not be completed in a timely manner or at all; the failure to satisfy the conditions to consummation of the proposed business combination, including obtaining the required approvals of FortuneX shareholders and WT Realty stockholders, the effectiveness of the Registration Statement and Nasdaq approval; the level of redemptions by FortuneX shareholders; the ability to obtain any transaction financing on acceptable terms or at all; the occurrence of any event, change or other circumstance that could give rise to termination of the BCA; the effect of the announcement or pendency of the proposed business combination on WT Realty’s business relationships, operating results and business generally; risks that the proposed business combination disrupts current plans and operations of WT Realty; the outcome of any legal proceedings that may be instituted against FortuneX, WT Realty or others following announcement of the proposed business combination; the ability of PubCo to meet Nasdaq listing standards following the closing; costs related to the proposed business combination; changes in applicable laws or regulations; and the possibility that FortuneX or WT Realty may be adversely affected by other economic, business or competitive factors.

Additional risks and uncertainties will be described in the Registration Statement and the proxy statement/prospectus and in FortuneX’s other filings with the SEC. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. Neither FortuneX nor WT Realty undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Additional Information About the Business Combination and Where to Find It

In connection with the proposed business combination, FortuneX intends to file with the SEC a registration statement on Form S-4 (as may be amended from time to time, the “Registration Statement”), which will include a proxy statement/prospectus of FortuneX. After the Registration Statement is declared effective, FortuneX will mail the definitive proxy statement/prospectus and other relevant materials to its shareholders as of the record date established for voting on the proposed Business Combination. This press release is not a substitute for the Registration Statement, the proxy statement/prospectus or any other document that FortuneX may file with the SEC in connection with the proposed business combination.

INVESTORS AND SECURITYHOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS AND ANY AMENDMENTS OR SUPPLEMENTS THERETO, AND ALL OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED BUSINESS COMBINATION, WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT FORTUNEX, WT REALTY AND THE PROPOSED BUSINESS COMBINATION.

Investors and securityholders will be able to obtain free copies of the Registration Statement, the proxy statement/prospectus and other documents filed by FortuneX with the SEC through the website maintained by the SEC at www.sec.gov. The documents filed by FortuneX with the SEC also may be obtained free of charge upon written request to FortuneX Acquisition Corporation, 1185 Avenue of the Americas, 3rd Fl., New York, New York 10036.

Participants in the Solicitation

FortuneX, WT Realty, and their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitation of proxies from FortuneX shareholders in connection with the proposed business combination. Information regarding FortuneX’s directors and executive officers is set forth in FortuneX’s filings with the SEC. Additional information regarding the persons who may be deemed participants in the solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the Registration Statement and the proxy statement/prospectus and other relevant materials filed with the SEC when they become available. Investors and securityholders may obtain free copies of these documents as described above.

No Offer or Solicitation

This press release shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any 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 such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an applicable exemption therefrom.

For investor and media inquiries, please contact:

FortuneX Acquisition Corporation Media Contact:
Daniel M. McCabe
[email protected] 



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Oscar Health Announces Thrive Capital’s Completion of Oscar Health Common Stock Distribution to its Limited Partners

Oscar Health Announces Thrive Capital’s Completion of Oscar Health Common Stock Distribution to its Limited Partners

NEW YORK–(BUSINESS WIRE)–
Oscar Health, Inc. (“Oscar Health” or the “Company”) (NYSE: OSCR) announced that on September 18, 2026 certain funds affiliated with or advised by Thrive Capital Management, LLC (“Thrive Capital”), the majority stockholder of Oscar Health, distributed approximately 6.3 million shares of Oscar Health Class A common stock (“Class A shares”) to their limited partners.

The distribution returns capital to the limited partners of Thrive Capital Partners II, L.P., Thrive Capital Partners III, L.P. and Claremount TW, L.P. following a holding period of more than 14 years and does not represent a sale of Company shares by Thrive Capital or Joshua Kushner, founder and CEO of Thrive Capital and Co-Founder and Vice Chair of the Company.

“Thrive commits deeply to a small number of founders and stands with them for the long-term,” said Joshua Kushner. “Thrive has been Oscar Health’s founding partner for more than 14 years, and we have strong conviction in the Company’s long-term opportunity to build the consumer healthcare marketplace of the future. Oscar Health is just getting started.”

Kushner continued, “With Oscar Health’s strong execution, we believe this is an appropriate time to return a small portion of Thrive’s investment through an in-kind distribution. I remain fully committed to Oscar Health for the long-term.”

Joshua Kushner informed the Company that he has no plans to sell any shares of Oscar common stock that he holds in his personal capacity. He will remain Oscar’s Vice Chairman and controlling shareholder, with no change to his role or personal commitment to the Company. Following the distribution, individuals and funds affiliated with or advised by Thrive Capital, including Joshua Kushner, beneficially own approximately 4.7 million Class A shares and approximately 32.9 million shares of Class B common stock, collectively representing approximately 67% of the combined voting power of Oscar’s outstanding common stock.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained herein are forward- looking statements. These statements include, but are not limited to, statements about third party investment decisions regarding the Company’s shares and/or third party commitments to the Company. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict and generally beyond our control. Although management believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, there are or will be important factors that could cause our actual results to differ materially from those indicated in these forward-looking statements, including, but not limited to, the factors set forth under the caption “Risk Factors” in our in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”), and our other filings with the SEC.

You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Any forward-looking statement speaks only as of the date as of which it is made, and, except as otherwise required by law, we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New factors emerge from time to time, and it is not possible for us to predict which will arise.

About Oscar Health

Oscar Health, Inc. (NYSE: OSCR) is a leading consumer health company that gives people power over their healthcare. Oscar Health serves millions of consumers, employers, brokers, and partners through Oscar Insurance, Lucie Health Marketplace, and Trove Group. Together these businesses deliver exceptional lifestyle products and technology platforms that make healthcare easy to choose, use, and experience. Learn more at OscarHealth.com.

Source: Oscar Health, Inc.

Investor Contact:

Chris Potochar

VP of Investor Relations

[email protected]

Media Contact:

Dalya Browne

Senior Director, External Communications

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: General Health Finance Health Professional Services Insurance

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

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

NEW YORK & NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 21, 2026 to file lead plaintiff applications in a securities class action lawsuit against Primoris Services Corporation (“Primoris” or the “Company”) (NYSE: PRIM), if they purchased or otherwise acquired the Company’s shares between August 5, 2025 and June 22, 2026, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of Texas.

What You May Do

If you purchased shares of Primoris as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3615 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-prim/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by September 21, 2026.

About the Lawsuit

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

On June 22, 2026, following a series of prior negative disclosures, the Company disclosed that, following an internal review supported by an independent third-party industry expert, it had identified substantial challenges, cost overruns, and project delays affecting six renewable energy projects, and reduced its full-year 2026 Adjusted EPS guidance to $2.05-$2.60, lowered its Adjusted EBITDA guidance to $275 million-$325 million, projected that 2026 Renewables revenue would decline to approximately $2.1 billion, and announced the resignation of its Chief Operating Officer.

On this news, the price of Primoris shares fell 22%, closing at $84.95 per share on June 23, 2026.

The case is Boston Retirement System v. Primoris Services Corp., No. 26-cv-02416.

About Kahn Swick & Foti, LLC

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

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

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

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

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-833-538-3615
1100 Poydras St., Suite 960
New Orleans, LA 70163

KEYWORDS: United States North America Louisiana New York

INDUSTRY KEYWORDS: Class Action Lawsuit Professional Services Legal

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EquipmentShare.com 72 Hour Deadline Alert: Kahn Swick & Foti, LLC Reminds Investors With Losses In Excess Of $100,000 of Deadline in Class Action Lawsuit Against EquipmentShare.com Inc. – EQPT

EquipmentShare.com 72 Hour Deadline Alert: Kahn Swick & Foti, LLC Reminds Investors With Losses In Excess Of $100,000 of Deadline in Class Action Lawsuit Against EquipmentShare.com Inc. – EQPT

NEW YORK & NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 21, 2026 to file lead plaintiff applications in a securities class action lawsuit against EquipmentShare.com Inc. (“EquipmentShare” or the “Company”) (NasdaqGS: EQPT), if they purchased or otherwise acquired EquipmentShare.com, Inc.: (a) Class A common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s January, 2026, initial public offering (“IPO” or the “Offering”), and/or (b) EquipmentShare securities between January 23, 2026 and June 23, 2026, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.

What You May Do

If you purchased shares of EquipmentShare as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3615 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-eqpt/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by September 21, 2026.

About the Lawsuit

EquipmentShare and certain of its executives are charged with failing to disclose material information in connection with its Registration Statement in support of its IPO and/or during the Class Period, violating federal securities laws.

The alleged false and misleading statements and/or omissions include, but are not limited to, that: (i) the Company participated in additional undisclosed related party transactions; (ii) the Company had not terminated or substantially reduce a number of the transactions with entities owned or controlled by the co-founders; (iii) as a result, the Company’s financial statements were materially misleading; and (iv) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis

The case is Parra v. Equipmentshare.Com Inc., et al., No. 26-cv-06288.

About Kahn Swick & Foti, LLC

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

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

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

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

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-833-538-3615
1100 Poydras St., Suite 960
New Orleans, LA 70163

KEYWORDS: United States North America Louisiana New York

INDUSTRY KEYWORDS: Class Action Lawsuit Professional Services Legal

MEDIA:

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XAI Floating Rate & Alternative Income Trust Announces Commencement of Tender Offer

CHICAGO, Sept. 18, 2026 (GLOBE NEWSWIRE) — XAI Floating Rate & Alternative Income Trust (XFLT) (the “Fund”) announced today that the tender offer (the “Tender Offer”) to purchase for cash up 1,903,861 (approximately 12.5%) of the Fund’s outstanding common shares of beneficial interest, par value $0.01 per share (“Common Shares”) commenced today, September 18, 2026 and will expire, unless otherwise extended, at one minute following 11:59 p.m., Eastern time, on Monday, October 19, 2026 (the “Expiration Date”). The purchase price for Common Shares purchased in the Tender Offer will be a price per Common Share equal to 98% of the Fund’s net asset value (“NAV”) per Common Share, determined as of the close of the regular trading session of the New York Stock Exchange on the next day the NAV is calculated after the Expiration Date.

The Fund may extend the period of time the Tender Offer will be open by issuing a press release or making some other public announcement by no later than the next business day after the Tender Offer otherwise would have expired (the “Pricing Date”). Should the Tender Offer be extended beyond October 19, 2026, the Pricing Date will be the close of ordinary trading on the NYSE on the next day the NAV is calculated after the newly designated Expiration Date.

A tendering Common Shareholder may withdraw all, but not less than all, of their tendered Common Shares at any time prior to one minute following 11:59 p.m., Eastern time, on October 19, 2026.

A Common Shareholder whose Common Shares are registered in the name of a nominee should contact that firm to tender Common Shares. All other shareholders wishing to participate in the Tender Offer must, prior to the date and time the Tender Offer expires, complete and execute a Letter of Transmittal, together with any required signature guarantees, and any other documents required by the Letter of Transmittal. A Common Shareholder must send these materials to the Depositary for the Tender Offer at its address set forth in the Fund’s Offer to Purchase. A tendering Common Shareholder must comply with the book-entry delivery procedure set forth in the Offer to Purchase. The Depositary must receive these materials prior to the date and time the Tender Offer expires.

The acceptance of Common Shares by the Fund for purchase will constitute a binding agreement between the participating shareholder and the Fund upon the terms and subject to the conditions of the Tender Offer. Because the Tender Offer is limited as to the number of Common Shares that the Fund will purchase, not all Common Shares tendered for purchase by Common Shareholders may be accepted for payment by the Fund. If greater than 1,903,861 of the Fund’s Common Shares are tendered pursuant to the Tender Offer, the Fund would, upon the terms and subject to the conditions of the Tender Offer, purchase Common Shares tendered on a pro rata basis. Accordingly, Common Shareholders cannot be assured that all of their tendered Common Shares will be purchased. All questions as to the validity, form, eligibility (including time of receipt) and acceptance of tenders will be determined by the Fund, in its sole discretion, which determination shall be final and binding.

The Tender Offer is subject to certain conditions as described in the Offer to Purchase. If any condition is not satisfied, the Fund is not obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered Common Shares, in each case subject to applicable law. The Fund reserves the right, at any time during the pendency of the Tender Offer, to terminate, extend or amend the Tender Offer in any respect. The Tender Offer is not conditioned on the tender of any aggregate minimum number of Common Shares and the Tender Offer is not subject to a financing condition.

A Common Shareholder’s tender of all or a part of its Common Shares for cash pursuant to the Tender Offer will be a taxable transaction for U.S. federal income tax purposes. The tax consequences of the sale will generally be determined under the stock redemption rules of Section 302 of the Internal Revenue Code of 1986, as amended. The amount and characterization of income recognized by a Common Shareholder in connection with a sale pursuant to the Tender Offer will depend on whether the sale is treated as an “exchange” or a “dividend” for tax purposes.

The Common Shares are traded on the NYSE under the symbol “XFLT.” As of September 11, there were 15,230,884 Common Shares outstanding. On September 11, 2026, the NAV per Common Share was $22.95 and the last reported sale price for a Common Share on the NYSE on such date was $19.52, representing a discount of 14.95% to NAV. The NAV on the Pricing Date may be higher or lower than the net asset value as of September 11, 2026 and the discount to NAV at which the Common Shares trade may be greater or lesser than the discount as of September 11, 2026. The Fund’s most current NAV and market price per Common Share can be found online at https://xainvestments.com/xflt/.

The Fund has retained Okapi Partners, LLC to act as Information Agent and Computershare to act as Depositary. Questions regarding the Tender Offer should be directed to the information agent for the tender offer, at (855) 305-0855. Copies of the Offer to Purchase and the Letter of Transmittal are available at https://www.okapivote.com/XFLTTender and will be furnished by the Fund promptly to any Common Shareholder who requests such materials. Shareholders should contact the Information Agreement if they would like to receive mailed copies of the Offer to Purchase and Letter of Transmittal. Common Shareholders may also contact their broker, dealer, bank, trust company or other nominee for assistance concerning the Tender Offer.

Common Shareholders are advised to check with each intermediary through which they hold Common Shares as to when such intermediary would need to receive instructions from a beneficial owner in order for that Common Shareholder to be able to participate in, or withdraw their instruction to participate in, the Tender Offer before the deadlines specified herein and in the Offer to Purchase. The deadlines set by any such intermediary and DTC for the submission and withdrawal of tender instructions may be earlier than the relevant deadlines specified herein and in the Offer to Purchase.

The terms and conditions of the Tender Offer are set forth in the Offer to Purchase and related Letter of Transmittal that have been filed with the Securities and Exchange Commission (SEC). The information in this press release is qualified by reference to the Offer to Purchase. The information required to be disclosed by Rule 13e-4(d)(1) of the Exchange Act is contained in the Offer to Purchase and is incorporated herein by reference.

Liquidity Plan

The Tender Offer is part of the Fund’s liquidity plan adopted by the Board of Trustees of the Fund. The Tender Offer will be followed by two subsequent tender offers, to be completed unless specified discount to NAV or NAV performance objectives are achieved.

The first contingent tender offer is expected to commence approximately 13 months following the completion of the Tender Offer. The first contingent tender offer will not occur if either one of two conditions are met:

  • Discount Condition: The Common Shares close at a market price representing a discount to NAV of less than 15% on 15 out of any 20 consecutive trading days during the final three months of the 12-month measurement period beginning five business days after the completion of the Tender Offer; or
  • NAV Performance Condition: The Fund’s average daily NAV per Common Share during the final 20 trading days of such 12-month period exceeds the Fund’s NAV per Common Share (adjusted as set forth below) measured five business days following completion of the Tender Offer by at least $0.25 per share. For purposes of calculating the NAV Performance Condition, the starting NAV per Common Share will be adjusted if the Fund’s per month distribution is greater or less than the Fund’s current monthly distribution of $0.225 per Common Share.

The second contingent tender offer is expected to commence approximately 25 months following the completion of the Tender Offer. The second contingent tender will not occur if either one of two conditions are met:

  • Discount Condition: The Fund’s Common Shares close at a market price representing a discount to NAV of less than 15% on 15 out of any 20 consecutive trading days during the final three months of the second 12-month measurement period; or
  • NAV Performance Condition: The Fund’s average daily NAV per Common Share during the final 20 trading days of the second 12-month period exceeds the Fund’s NAV per Common Share (adjusted as set forth below) measured five business days following completion of the Tender Offer by at least $0.25 per share. For purposes of calculating the NAV Performance Condition, the starting NAV per Common Share will be adjusted if the Fund’s per month distribution is greater or less than the Fund’s current monthly distribution of $0.225 per Common Share.

The liquidity plan is part of the Fund’s ongoing effort to manage its discount, enhance long-term shareholder value and provide liquidity to the market for its Common Shareholders. There can be no assurances as to the effect that the liquidity plan will have on the market for the Common Shares or the discount at which the Common Shares may trade relative to the Fund’s NAV.

The above statements are not intended to constitute an offer to participate in the Tender Offer and any future contingent tender offer. The Tender Offer will be made only by an Offer to Purchase, a related Letter of Transmittal and other documents that have been filed with the SEC. Any future contingent tender offer will be made only by an Offer to Purchase, a related Letter of Transmittal and other documents that will be filed with the SEC in connection with any such future contingent tender offer. Shareholders of the Fund should read the Offer to Purchase and Tender Offer Statement on Schedule TO under the Securities Exchange Act of 1934, as amended, and related exhibits, as they contain important information about the Tender Offer. These and other filed documents are available to investors for free both at the website of the SEC and from the Fund.

The Fund’s Board of Trustees has authorized and approved the Tender Offer, however, none of the Fund, nor its Board of Trustees, nor XA Investments LLC, the Fund’s investment adviser (“XA Investments”), nor Rockford Tower Asset Management, L.L.C., the Fund’s investment sub-adviser (the “Sub-Adviser”) makes any recommendation to any shareholder as to whether to tender Common Shares for purchase or to refrain from tendering Common Shares. No person has been authorized to make any recommendation on behalf of the Fund, its Board of Trustees, XA Investments or the Sub-Adviser as to whether shareholders should tender Common Shares for purchase pursuant to the Tender Offer or to make any representation or to give any information in connection with the Tender Offer other than as contained in the Offer to Purchase. If made or given, any such recommendation, representation or information must not be relied upon as having been authorized by the Fund, its Board of Trustees, XA Investments or the Sub-Adviser. Shareholders are urged to carefully evaluate all information in the Offer to Purchase, consult their own investment and tax advisers and make their own decisions whether to tender their Common Shares for purchase or refrain from participating in the Tender Offer.

About XA Investments

XAI serves as the Trust’s investment adviser. XAI is a Chicago-based firm founded by XMS Capital Partners in 2016. XAI serves as the investment adviser for two listed closed-end funds and an interval closed-end fund. The listed closed-end funds, the XAI Floating Rate & Alternative Income Trust and XAI Madison Equity Premium Income Fund both trade on the New York Stock Exchange and the interval fund, XAI CLO & Income Opportunities Fund is available via direct subscription and through select broker/dealers and wealth management platforms.

In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including development and market research, sales, marketing, and fund management.

XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. XAI provides individual investors with access to institutional-caliber alternative managers. For more information, please visit www.xainvestments.com.

About XMS Capital Partners

XMS Capital Partners, LLC, established in 2006, is a global, independent, financial services firm providing M&A, corporate advisory and asset management services to clients. It has offices in Chicago, Boston and London. For more information, please visit www.xmscapital.com.

About Rockford Tower Asset Management

Rockford Tower Asset Management, L.L.C. is a wholly owned subsidiary of King Street Capital Management, L.P. (“King Street”) and an affiliate of Rockford Tower Capital Management (“Rockford Tower”). Rockford Tower, King Street’s dedicated CLO, CBO and SMA platform, was formed in 2017. Rockford Tower has over $13 billion of assets under management as of June 30, 2026, across 19 U.S. CLOs and 10 European CLOs, one CBO transaction and one SMA. In addition, Rockford Tower has traded over $99 billion of loans as of December 31, 2025.

About King Street Capital Management

King Street is a global alternative investment firm founded in 1995 that manages $30 billion in assets across public and private markets. The firm marries rigorous fundamental research with tactical trading and differentiated sourcing capabilities to identify investment opportunities across asset classes, up and down the capital structure. For more information, please visit www.kingstreet.com.

XAI does not provide tax advice; please consult a professional tax advisor regarding your specific tax situation. Income may be subject to state and local taxes, as well as the federal alternative minimum tax.

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Trust carefully before investing. For more information on the Trust, please visit the Trust’s webpage at www.xainvestments.com.

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

NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE

Paralel Distributors, LLC – Distributor



Media Contact: 

Kimberly Flynn, President
XA Investments LLC
Phone: 888-903-3358
Email: [email protected]
www.xainvestments.com



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PROCEPT 96 Hour Deadline Alert: Kahn Swick & Foti, LLC Reminds Investors With Losses In Excess Of $100,000 of Deadline in Class Action Lawsuit Against PROCEPT BioRobotics Corporation – PRCT

PROCEPT 96 Hour Deadline Alert: Kahn Swick & Foti, LLC Reminds Investors With Losses In Excess Of $100,000 of Deadline in Class Action Lawsuit Against PROCEPT BioRobotics Corporation – PRCT

NEW YORK & NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 22, 2026 to file lead plaintiff applications in a securities class action lawsuit against PROCEPT BioRobotics Corporation (“Procept” or the “Company”) (NasdaqGM: PRCT), if they purchased the Company’s shares between February 28, 2024 and February 25, 2026, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of California.

What You May Do

If you purchased shares of Procept as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3615 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgm-prct/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by September 22, 2026.

About the Lawsuit

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

On February 25, 2026, the Company announced earnings results for its fourth fiscal quarter and year ending December 31, 2025, disclosing that, contrary to prior assurances that U.S. handpiece sales were largely commensurate with procedures, handpiece sales had in fact materially exceeded procedures in every quarter since the first fiscal quarter of 2023, a differential which had consistently grown over time, ultimately resulting in cumulative excess field inventory of more than 10,000 units. Due to this inventory glut, the Company revealed that quarterly handpiece unit sales in the U.S. had declined significantly from 13,225 units in the third quarter to 9,400 units, representing a sequential decline of nearly 30%, resulting in the Company widely missing its annual revenue guidance by tens of millions of dollars.

On this news, the price of Procept shares fell from $27.84 per share on February 25, 2026 to $22.69 per share on February 27, 2026, a decline of more than 18% over a two-day trading period, on above-average trading volume.

The case is Operating Engineers Construction Industry and Miscellaneous Pension Fund v. PROCEPT BioRobotics Corporation, No. 26-cv-07691.

About Kahn Swick & Foti, LLC

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

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

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

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

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-833-538-3615
1100 Poydras St., Suite 960
New Orleans, LA 70163

KEYWORDS: Louisiana United States North America

INDUSTRY KEYWORDS: Class Action Lawsuit Professional Services Legal

MEDIA:

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Cogent Communications 72 Hour Deadline Alert: Kahn Swick & Foti, LLC Reminds Investors With Losses In Excess Of $100,000 of Deadline in Class Action Lawsuit Against Cogent Communications Holdings, Inc. – CCOI

Cogent Communications 72 Hour Deadline Alert: Kahn Swick & Foti, LLC Reminds Investors With Losses In Excess Of $100,000 of Deadline in Class Action Lawsuit Against Cogent Communications Holdings, Inc. – CCOI

NEW YORK CITY & NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 21, 2026 to file lead plaintiff applications in a securities class action lawsuit against Cogent Communications Holdings, Inc. (“Cogent” or the “Company”) (NasdaqGS: CCOI), if they purchased the Company’s shares between February 29, 2024 and May 1, 2026, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of Columbia.

What You May Do

If you purchased shares of Cogent as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3615 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-ccoi/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by September 21, 2026.

About the Lawsuit

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

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the most of the purported orders in the Company’s optical wavelength “backlog” were unlikely to ever result in a paid order; (ii) many of the “backlog” customers were unable or unwilling to accept delivery even if timely provision was possible; (iii) as a result of (i)-(ii) above, the Company had materially misrepresented demand for its optical wavelength services and the nature of its “backlog” of wavelength orders; (iv) as a result of (i)-(iii) above, the Company was not on track to achieve its revenue and margin targets and such targets lacked a reasonable basis in objective fact; (v) the Company did not have the financial capacity or business fundamentals to maintain its long-standing dividend policy; and (vi) there was a material, undisclosed risk that Cogent Founder, CEO and Chairman, David Schaeffer, would be forced to sell vast quantities of Cogent stock as a result of his high-risk pledging activities, thereby further depressing the price of the Company’s stock in the event the truth regarding its “backlog,” demand issues, and financial position were ever revealed.

The case is City of Southfield Fire and Police Retirement System v. Cogent Communications Holdings, Inc., No. 26-cv-02609.

About Kahn Swick & Foti, LLC

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

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

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

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

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

[email protected]

1-833-538-3615

1100 Poydras St., Suite 960

New Orleans, LA 70163

KEYWORDS: United States North America Louisiana New York

INDUSTRY KEYWORDS: Professional Services Class Action Lawsuit

MEDIA:

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Wix.com 96 Hour Deadline Alert: Kahn Swick & Foti, LLC Reminds Investors With Losses In Excess Of $100,000 of Deadline in Class Action Lawsuit Against Wix.com Ltd. – WIX

Wix.com 96 Hour Deadline Alert: Kahn Swick & Foti, LLC Reminds Investors With Losses In Excess Of $100,000 of Deadline in Class Action Lawsuit Against Wix.com Ltd. – WIX

NEW YORK & NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 22, 2026 to file lead plaintiff applications in a securities class action lawsuit against Wix.com Ltd. (“Wix” or the “Company”) (NasdaqGS: WIX), if they purchased or otherwise acquired Wix securities between February 19, 2025 and May 12, 2026, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of Illinois.

What You May Do

If you purchased securities of Wix as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3615 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-wix/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by September 22, 2026.

About the Lawsuit

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

The alleged false and misleading statements and/or omissions include, but are not limited to, that: (i) the Company had overstated the competitiveness and performance of its AI product offerings relative to those offered by other companies; (ii) the Company had understated the costs associated with developing and promoting its AI product offerings; (iii) accordingly, Defendants overstated the commercial and financial benefits of Wix’s AI product offerings; and (iv) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

The case is Yappi v. Wix.com Ltd., et al., No. 26-cv-08852.

About Kahn Swick & Foti, LLC

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

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

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

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

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

[email protected]

1-833-538-3615

1100 Poydras St., Suite 960

New Orleans, LA 70163

KEYWORDS: Louisiana New York United States North America

INDUSTRY KEYWORDS: Class Action Lawsuit Professional Services Legal

MEDIA:

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UPDATING and REPLACING Philadelphia Turns Up the Heat with its First-Ever Sweet Heat Cream Cheese in the United States in Partnership with Mike’s Hot Honey®

UPDATING and REPLACING Philadelphia Turns Up the Heat with its First-Ever Sweet Heat Cream Cheese in the United States in Partnership with Mike’s Hot Honey®

The Original Cream Cheese brings sweet heat to the cream cheese aisle for the first time in the U.S. and expands its flavor portfolio with new flavors inspired by fall favorites

KEY SUMMARY BULLETS:

  • Philadelphia is teaming up with Mike’s Hot Honey for its first sweet heat flavor in the U.S., pairing the smooth creaminess of Philadelphia Whipped with Mike’s Hot Honey’s signature honey infused with real chili peppers.

  • Philadelphia Mike’s Hot Honey Whipped Cream Cheese is available now at Walmart and will be available at retailers nationwide in January 2027.

  • Philadelphia is growing its flavor portfolio with two more offerings this fall: Cranberry Orange Cream Cheese and Salted Caramel Cream Cheese, inspired by consumers’ continued desire for familiar, comforting flavors. Cranberry Orange, available for a limited time, and Salted Caramel, a permanent portfolio addition, are available at major retailers today.

PITTSBURGH & CHICAGO–(BUSINESS WIRE)–
Second bullet of subhead of release dated Sept. 15, 2026, should read: Philadelphia Mike’s Hot Honey Whipped Cream Cheese is available now at Walmart and will be available at retailers nationwide in January 2027 (instead of Philadelphia Mike’s Hot Honey Whipped Cream Cheese is available exclusively at Walmart before expanding to additional retailers in January 2027).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260915992886/en/

Philadelphia turns up the heat with new Philadelphia Mike’s Hot Honey Whipped Cream Cheese, combining Philadelphia’s light and fluffy whipped cream cheese with Mike’s Hot Honey’s signature sweet heat.

Philadelphia turns up the heat with new Philadelphia Mike’s Hot Honey Whipped Cream Cheese, combining Philadelphia’s light and fluffy whipped cream cheese with Mike’s Hot Honey’s signature sweet heat.

Also, the seventh paragraph of release dated Sept. 15, 2026, should read: Starting today, shoppers can find Philadelphia Mike’s Hot Honey Whipped Cream Cheese at Walmart and retailers nationwide in January 2027. Philadelphia Cranberry Orange and Salted Caramel Cream Cheese are available at major retailers nationwide today. For a limited time, fans located near Pedaler’s Pub in Bentonville, Arkansas and Pizza One in Wayne, New Jersey can visit in-store to try limited-edition menu items made with the new Philadelphia Mike’s Hot Honey Whipped Cream Cheese (instead of Starting today, shoppers can find Philadelphia Mike’s Hot Honey Whipped Cream Cheese exclusively at Walmart, while Philadelphia Cranberry Orange and Salted Caramel Cream Cheese are available at major retailers nationwide. For a limited time, fans located near Pedaler’s Pub in Bentonville, Arkansas and Pizza One in Wayne, New Jersey can visit in-store to try limited-edition edition menu items made with the new Philadelphia Mike’s Hot Honey Whipped Cream Cheese).

The updated release reads:

PHILADELPHIA TURNS UP THE HEAT WITH ITS FIRST-EVER SWEET HEAT CREAM CHEESE IN THE UNITED STATES IN PARTNERSHIP WITH MIKE’S HOT HONEY®

The Original Cream Cheese brings sweet heat to the cream cheese aisle for the first time in the U.S. and expands its flavor portfolio with new flavors inspired by fall favorites

KEY SUMMARY BULLETS:

  • Philadelphia is teaming up with Mike’s Hot Honey for its first sweet heat flavor in the U.S., pairing the smooth creaminess of Philadelphia Whipped with Mike’s Hot Honey’s signature honey infused with real chili peppers.

  • Philadelphia Mike’s Hot Honey Whipped Cream Cheese is available now at Walmart and will be available at retailers nationwide in January 2027.

  • Philadelphia is growing its flavor portfolio with two more offerings this fall: Cranberry Orange Cream Cheese and Salted Caramel Cream Cheese, inspired by consumers’ continued desire for familiar, comforting flavors. Cranberry Orange, available for a limited time, and Salted Caramel, a permanent portfolio addition, are available at major retailers today.

As temperatures cool off, Philadelphia is turning up the heat on a familiar favorite with the introduction of Philadelphia Mike’s Hot Honey Whipped Cream Cheese. In a collaboration with America’s original and leading hot honey brand, the craveable new spread swirls the iconic sweet heat of Mike’s Hot Honey into Philadelphia’s light and fluffy whipped cream cheese, bringing a little kick to everything from bagels and charcuterie boards to pizza. Available exclusively at Walmart now, the new flavor will expand to additional retailers beginning in January 2027.

HOT HONEY IS HERE TO STAY

Since Mike’s Hot Honey first hit the food scene in 2010, hot honey has evolved from buzzworthy newcomer to menu mainstay. Philadelphia has been part of that journey from the start, with founder Mike Kurtz using the brand’s cream cheese as a canvas for his creation. More than 15 years later, nearly half of consumers have tried hot honey, led by millennials and Gen Z, and sweet-and-spicy flavors have surged nearly 230% on menus over the past four years.1 Now, the pairing that helped introduce consumers to hot honey is becoming official.

“Philadelphia has been part of the Mike’s Hot Honey story since the early days,” said Mike Kurtz, founder of Mike’s Hot Honey. “When I was first building the brand, I used to sample our hot honey on bricks of Philadelphia cream cheese to show people just how delicious and versatile the combination could be. To now bring that pairing to life in a partnership with Philadelphia feels like a full-circle moment. Together, we worked closely to get the balance of creamy, sweet heat just right, creating a schmear ready for everything from breakfast sandwiches to pizza — or straight from the tub.”

Featuring Mike’s Hot Honey’s signature blend, the new flavor marks Philadelphia’s first-ever sweet heat cream cheese flavor in the U.S. Made with real milk and cream and no artificial preservatives, flavors or dyes, the result is a smooth, subtly indulgent cream cheese finished with just the right kick.

DOUBLING DOWN ON FLAVOR

The flavor innovation doesn’t stop there. Continuing to evolve its portfolio around changing consumer tastes and flavor preferences, Philadelphia is also introducing two new fall-inspired flavors: Cranberry Orange, a limited-time seasonal spread, and Salted Caramel, a permanent addition to the portfolio. With 85% of consumers saying familiar flavors influence what they eat and drink,2 both varieties tap into the comfort and familiarity consumers crave while bringing something new to the cream cheese aisle. From baking and spreading to snacking, the new flavors offer an easy way to elevate everything from cinnamon rolls and cookies to salty snacks like pretzels.

“Philadelphia has set the cream cheese standard for over 150 years, and staying at the forefront means continuing to evolve with the way people eat and the flavors they crave,” said Maddy Zingle, Vice President of Marketing at Philadelphia Cream Cheese. “Hot Honey, Cranberry Orange and Salted Caramel are proof points in how we’re accelerating flavor innovation, with 10 new flavors joining our lineup in the last two years. We’re building on our legacy by bringing fresh energy, bold flavors and new possibilities to the cream cheese category.”

Starting today, shoppers can find Philadelphia Mike’s Hot Honey Whipped Cream Cheese at Walmart and retailers nationwide in January 2027. Philadelphia Cranberry Orange and Salted Caramel Cream Cheese are available at major retailers nationwide today. For a limited time, fans located near Pedaler’s Pub in Bentonville, Arkansas and Pizza One in Wayne, New Jersey can visit in-store to try limited-edition menu items made with the new Philadelphia Mike’s Hot Honey Whipped Cream Cheese

To learn more, visit creamcheese.com and follow Philadelphia (Instagram, TikTok) and Mike’s Hot Honey (Instagram, TikTok) on social media.

ABOUT THE KRAFT HEINZ COMPANY

Kraft Heinz (NYSE: KHC) is one of the world’s largest food and beverage companies, with approximately $25 billion in net sales in 2025 and a portfolio of iconic brands enjoyed by consumers in more than 40 countries. By investing in our capabilities and brands, including Heinz, Kraft, Philadelphia, Primal Kitchen, and Lunchables, we are unlocking the full power of our portfolio. We deliver high-quality, great-tasting, and affordable food for the consumers of today, while shaping the future of food. Learn more at www.kraftheinzcompany.com.

ABOUT MIKE’S HOT HONEY

Mike’s Hot Honey is America’s original and leading brand of hot honey and has been elevating everyday eating experiences since 2010, when its first drizzle on a pizza at Paulie Gee’s in Brooklyn sparked a word-of-mouth sensation and created a new category of pizza topping. By popular demand, Mike started selling his small-batch, hand-labeled hot honey bottles to visitors of the pizzeria, as well as other local restaurants and businesses. Today, Mike’s Hot Honey can be found in thousands of restaurants and retailers across the country, with the same original recipe in the bottle. Using only 100% pure honey infused with real chili peppers, Mike’s Hot Honey’s one-two flavor punch of sweetness then heat makes any dish more dynamic, from the original pairing on pepperoni pizza to chicken, cheese and charcuterie, ice cream, cocktails, and so much more. Mike’s Hot Honey empowers chefs and eaters everywhere to customize, create, and share extraordinary meals. Happy drizzling! For more information about Mike’s Hot Honey, please visit mikeshothoney.com.

1Datassential, 2026

2Innova, 2025

 

Media Contacts

The Kraft Heinz Company

[email protected]

Mike’s Hot Honey

[email protected]

KEYWORDS: Illinois Pennsylvania Arkansas New Jersey United States North America

INDUSTRY KEYWORDS: Retail Supermarket Food/Beverage

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Philadelphia turns up the heat with new Philadelphia Mike’s Hot Honey Whipped Cream Cheese, combining Philadelphia’s light and fluffy whipped cream cheese with Mike’s Hot Honey’s signature sweet heat.
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Greenland Mines Applauds Historic U.S.-Denmark-Greenland Security Agreement, Reinforcing Greenland’s Strategic Importance to the United States

CHARLOTTE, N.C., Sept. 18, 2026 (GLOBE NEWSWIRE) — CHARLOTTE, N.C., Sep. 18, 2026 (GLOBE NEWSWIRE) — via IBN – Greenland Mines Ltd (Nasdaq: GRML) (“Greenland Mines” or the “Company”) today applauded President Donald J. Trump’s announcement of a landmark security agreement among the United States, the Kingdom of Denmark and Greenland. The announced agreement, which provides for a substantially expanded and enduring U.S. security presence in Greenland and limits the ability of U.S. adversaries to establish military positions or make sensitive investments there, represents an important step in strengthening the long-term security of Greenland and the broader Arctic region.


“Today’s announcement underscores what we have long believed: Greenland is becoming one of the most strategically important regions in the world,” said Bo Møller Stensgaard, President of Greenland Mines. “We applaud the US and the governments of Greenland and Denmark for advancing a framework that strengthens security, deepens cooperation among longstanding allies and recognizes Greenland’s importance to the future of the United States and the Western alliance. We believe that same strategic importance extends to the critical minerals required for defense, advanced technology and energy security.”


Greenland Mines is uniquely positioned at the intersection of these priorities through two major Greenland mineral assets: Sarfartoq, one of the Western world’s potentially significant sources of neodymium-praseodymium rare earths, and Skaergaard, a large-scale palladium-platinum-gold and vanadium-bearing mineral system. Sarfartoq’s Initial Assessment includes a high-case pre-tax NPV of approximately $2.05 billion, and its planned annual NdPr oxide production would represent approximately 34% of all NdPr oxide currently refined outside China at 2025 consumption levels. Together, the Company believes its projects can form an important part of a secure allied critical-minerals supply chain and its broader vision for a North Atlantic Critical Metals Corridor linking Greenland’s resources with downstream processing and industrial infrastructure in allied jurisdictions.

About Greenland Mines Ltd

Greenland Mines Ltd is a Nasdaq-listed resource development and mining company focused on the development of the Skaergaard Project in southeast Greenland and the Sarfartoq neodymium-praseodymium rare earths project in southwest Greenland. The Company’s strategy is centered on building a multi-asset platform with exposure to rare earth magnet materials, precious metals and select midstream processing opportunities, while advancing its assets and broader North Atlantic Critical Metals Corridor vision linking Greenland resources with allied downstream jurisdictions and industrial infrastructure.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “potential,” “could,” “may,” “will,” “should,” “estimate,” “objective” and similar expressions.

Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties. Many factors could cause actual results to differ materially, including exploration, resource-estimation, metallurgical, engineering, environmental, social, permitting, logistical, infrastructure, financing, commodity-price, market, counterparty and execution risks; the availability and level of participation of advisory board members; changes to planned programs and timelines; the Company’s ability to obtain required approvals and financing; and risks described in documents filed or to be filed with the U.S. Securities and Exchange Commission. No assurance can be given that studies, applications, partnerships, transactions, development decisions or production will occur on the timing contemplated or at all.

Readers should carefully consider these factors and the other risks and uncertainties described in the Company’s SEC filings. All information in this press release is provided as of its date, and the Company undertakes no obligation to update any forward-looking statement except as required by applicable law.

Investor Contact and Corporate Communications:

[email protected]
Website: www.greenlandmines.com

Corporate Communications:

IBN
Austin, Texas
IBN.Ai
512.354.7000 Office
[email protected]



[email protected]@[email protected]@[email protected]@investorbrandnetwork.com