Posts

Posted on

Tyson Foods Announces Quarterly Dividend

SPRINGDALE, Ark., Feb. 04, 2026 (GLOBE NEWSWIRE) — The Board of Directors of Tyson Foods (NYSE: TSN), at a meeting on February 4, 2026, declared a quarterly dividend of $0.51 per share on Class A common stock and $0.459 per share on Class B common stock, payable on June 15, 2026, to shareholders of record at the close of business on June 1, 2026.

About Tyson Foods, Inc.  

Tyson Foods, Inc. (NYSE: TSN) is a world-class food company and recognized leader in protein. Founded in 1935 by John W. Tyson, it has grown under four generations of family leadership. The Company is unified by this purpose: Tyson Foods. We Feed the World Like Family™ and has a broad portfolio of iconic products and brands including Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, State Fair®, Aidells® and ibp®. Tyson Foods is dedicated to bringing high-quality food to every table in the world, safely and affordably, now and for future generations. Headquartered in Springdale, Arkansas, the company had approximately 133,000 team members on September 27, 2025. Visit. Visit www.tysonfoods.com.

Media Contact: Laura Burns, [email protected]
Investor Contact: Jon Kathol, [email protected]
Category: IR
Source: Tyson Foods



Posted on

Grab Finance Expands Credit Access Across Southeast Asia Using FICO Platform, Delivering 22 Workflows in Six Countries

Grab Finance Expands Credit Access Across Southeast Asia Using FICO Platform, Delivering 22 Workflows in Six Countries

Region’s leading superapp advances financial inclusion for millions by applying advanced decisioning to behavioral data

SINGAPORE–(BUSINESS WIRE)–FICO (NYSE: FICO)

Highlights:

  • Grab Finance has increased credit offer eligibility rates for its users by nearly 50%

  • Grab Finance implemented 22 decision workflows across six countries in Southeast Asia in under eight months

  • Grab Finance has won a 2026 FICO® Decision Award for Financial Inclusion

Grab Finance, the financial services arm of Southeast Asia’s leading superapp, is using the industry-leading capabilities of FICO® Platform to transform credit access across the region. By implementing more than 22 decision workflows across six countries, the company has increased credit offer eligibility rates by nearly 50% for its users while serving more than 46 million consumers, plus millions of merchants and drivers across its ecosystem. The transformation has enabled more of Grab’s drivers, merchants, and passengers to not just access formal credit, but to do this at a much faster rate.

The solution uses appropriate behavioral data, including ride frequency, merchant revenues and payment history, supported by the industry-leading capabilities of FICO Platform to enable automated pre-approved offers across Grab’s ecosystem, in line with applicable laws/regulations in the region and Grab’s privacy commitments.

More information: https://www.fico.com/en/fico-platform

“Grab saw a strategic opportunity to make financing in Southeast Asia more accessible by leveraging our superapp ecosystem and behavioral data,” said Andre Tan, Regional Head, Lending Risk Platforms at Grab Finance. “Using FICO Platform, we can deliver contextual, real-time credit offers across multiple verticals within the Grab super app. This enables us to expand financial inclusion by providing credit access for underserved users who are economically active but often overlooked by traditional lenders.”

Breaking Down Barriers: Conquering Southeast Asia’s Credit Challenges

Southeast Asia, home to more than 700 million people, has one of the world’s largest underbanked populations. Grab Finance saw an opportunity to deliver responsible, scalable credit services across this diverse and complex region, given Grab’s scale and data-rich ecosystem.

One of the key challenges faced by many individuals and businesses in the region as they seek credit was data scarcity arising from their lack of traditional credit bureau history, leaving them with thin or no files at the bureau. Grab needed to develop alternative risk models using in-app behavioral signals, such as ride patterns, merchant activity and payment habits.

“We had millions of drivers and merchants who were invisible to traditional banks but were earning real income every day on our platform,” said Tan. “We knew we could change that equation, but we needed technology that could support our efforts to see what conventional credit scoring couldn’t.”

Additionally, the fragmented regulatory landscape meant credit, banking and data protection laws differ significantly across Southeast Asian countries, requiring localized compliance and explainability without losing regional consistency.

Rapid Time-to-Value

In less than eight months, FICO was able to deliver phase one of the transformation across six countries Grab operates in, enabling Grab to automate key processes such as credit eligibility assessment. The ambitious project involved 22 separate decision workflows delivered across the region and Grab’s three customer portfolios (driver-partners, passengers and merchant-partners).

“What Grab Finance has accomplished here is remarkable. They’ve essentially turned everyday digital behavior into a credit passport for millions of people who were previously invisible to traditional banking,” said Nikhil Behl, president, software at FICO. “When a taxi driver in Jakarta can get credit based on their ride patterns, or a food merchant in Bangkok can access working capital through their delivery history, that’s not just innovation, it’s economic transformation at scale.”

For its achievements, Grab Finance won a 2026 FICO® Decision Award for Financial Inclusion.

“This project drew attention because Grab Finance addressed credit assessment at a regional scale, rather than focusing solely on a discrete technology implementation,” said Sam Abadir, research director, risk and compliance, IDC Financial Insights, and a judge for the FICO Decision Awards. “The judges noted how the organization operationalized regulatory diversity across Southeast Asia within its credit decisioning framework, demonstrating an approach that integrates compliance requirements directly into platform design.”

About Grab Finance

Grab is a leading superapp in Southeast Asia, operating across the deliveries, mobility and digital financial services sectors. Serving over 800 cities in eight Southeast Asian countries – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – Grab enables millions of people every day to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending and insurance, all through a single app. We operate supermarkets in Malaysia under Jaya Grocer and Everrise, which enables us to bring the convenience of on-demand grocery delivery to more consumers in the country. As part of our financial services offerings, we also provide digital banking services through GXS Bank in Singapore and GXBank in Malaysia. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone. Grab strives to serve a triple bottom line – we aim to simultaneously deliver financial performance for our shareholders and have a positive social impact, which includes economic empowerment for millions of people in the region, while mitigating our environmental footprint.

About the FICO® Decision Awards

The FICO Decision Awards recognize organizations that are achieving remarkable success using FICO solutions. A panel of independent judges with deep industry expertise evaluates nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. The 2026 judges are:

  • Sam Abadir,research director, risk & compliance, IDC Financial Insights
  • Shrimanth Adla,senior director, credit risk strategy and analytics, Comcast
  • Manoj Agrawal,group editor, Banking Frontiers
  • Courtney Haan,strategic payments experience manager, Velera (Previous Winner)
  • Shelly Kramer,principal analyst at Kramer & Company and theCube Research
  • Andy Lawrie,credit risk tech lead at Nationwide Building Society (Previous Winner)
  • Lisa Morgan,technology journalist and contributor at InformationWeek
  • Déborah Oliveira, founder and editor-in-chief at IT Forum

The winners of the FICO Decision Awards will be spotlighted at and win tickets toFICO® World 2026, May 19-22, 2026, at the Signia By Hilton hotel, Orlando, Florida.

About FICO

FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency.

Learn more at https://www.fico.com

Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/

For FICO news and media resources, visit https://www.fico.com/newsroom

FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.

Neil Mirano

RICE for FICO

+65 3157 5680

[email protected]

FICO

[email protected]

KEYWORDS: Singapore Southeast Asia Asia Pacific

INDUSTRY KEYWORDS: Professional Services Data Analytics Apps/Applications Technology Software Finance Banking

MEDIA:

Posted on

Eikon Therapeutics Announces Pricing of Upsized Initial Public Offering

MILLBRAE, Calif., Feb. 04, 2026 (GLOBE NEWSWIRE) — Eikon Therapeutics, Inc. (“Eikon”), a late-stage clinical biopharmaceutical company dedicated to developing important, innovative medicines to address serious unmet medical needs, today announced the pricing of its upsized initial public offering of 21,177,600 shares of its common stock at an initial public offering price of $18.00 per share. In addition, Eikon has granted the underwriters a 30-day option to purchase up to an additional 3,176,640 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The gross proceeds to Eikon from the offering, without giving effect to the underwriters’ option to purchase additional shares and before deducting underwriting discounts and commissions and offering expenses payable by Eikon, are expected to be approximately $381 million.

Eikon’s common stock is expected to begin trading on the Nasdaq Global Select Market on February 5, 2026 under the ticker symbol “EIKN”. The offering is expected to close on or about February 6, 2026, subject to the satisfaction of customary closing conditions.

J.P. Morgan, Morgan Stanley, BofA Securities, Cantor, and Mizuho are acting as joint book-running managers for the offering.

A registration statement on Form S-1 (File No. 333-292633) relating to the offering has been filed with the Securities and Exchange Commission (the “SEC”) and was declared effective on January 30, 2026.

The offering of the shares is being made only by means of a prospectus forming part of the effective registration statement relating to these shares. Copies of the final prospectus relating to the offering may be obtained, when available, from the SEC’s website at www.sec.gov. or from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at [email protected] and [email protected]; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by email at [email protected].

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

About Eikon Therapeutics

Eikon is a late-stage clinical biopharmaceutical company dedicated to building a global, fully-integrated organization developing important, innovative medicine to address serious unmet medical needs. Eikon’s initial focus is oncology, where it is advancing a pipeline of drug candidates targeting areas of high unmet need in large indications that could eventually become critical medicines in the treatment paradigm of various cancers. Eikon is also deploying its technology platform, including its proprietary single molecule tracking system, to develop internally-derived novel therapies, while also leveraging the deep expertise of its management team to opportunistically in-license promising assets. Eikon’s vision is to become a generational leader, by purposefully integrating traditional biology research with advanced engineering to develop better medicines faster.

Contacts:

Investor Relations

Alfred Bowie
[email protected]

Forward-Looking Statements

This press release includes certain disclosures that contain “forward-looking statements.” These statements include, without limitation, statements regarding Eikon’s expectations regarding the commencement of trading of its shares on the Nasdaq Global Select Market, the completion and timing of the closing of the offering, and the anticipated gross proceeds from the offering. Forward-looking statements are based on Eikon’s current expectations and are subject to inherent uncertainties, risks, and assumptions that are difficult to predict. Factors that could cause actual results to differ include risks and uncertainties related to the satisfaction of customary closing conditions and the completion of the offering, and the risks inherent in biopharmaceutical product development and clinical trials. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the offering to be filed with the SEC. Forward-looking statements contained in this press release are made as of this date, and Eikon undertakes no duty to update such information except as required under applicable law.



Posted on

INVESTOR ALERT: Ultragenyx Pharmaceutical Inc. (RARE) Investors with Substantial Losses Have Opportunity to Lead the Ultragenyx Class Action Lawsuit – RGRD Law

SAN DIEGO, Feb. 04, 2026 (GLOBE NEWSWIRE) — Robbins Geller Rudman & Dowd LLP announces that the Ultragenyx class action lawsuit seeks to represent purchasers or acquirers of Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE) common stock between August 3, 2023 and December 26, 2025, inclusive (the “Class Period”). Captioned Bailey v. Ultragenyx Pharmaceutical Inc., No. 26-cv-01097 (N.D. Cal.), the Ultragenyx class action lawsuit charges Ultragenyx and certain of Ultragenyx’ top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the

Ultragenyx

class action lawsuit, please provide your information here:


https://www.rgrdlaw.com/cases-ultragenyx-pharmaceutical-inc-class-action-lawsuit-rare.html

You can also contact attorney

J.C. Sanchez

of Robbins Geller by calling 800/449-4900 or via e-mail at

[email protected]

.

CASE ALLEGATIONS: Ultragenyx is a biopharmaceutical company that focuses on the identification, acquisition, development, and commercialization of novel products for the treatment of rare and ultra-rare genetic diseases.

The Ultragenyx class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants created the false impression that they possessed reliable information pertaining to the effects of setrusumab on patients with variable types of Osteogenesis Imperfecta (“OI”), while also minimizing risk that patients in Ultragenyx’ Phase III Orbit study would fail to achieve a statistically significant reduction in annualized fracture rate (“AFR”), such that the second interim analysis could be performed and presented to the investing public; and (ii) in truth, Ultragenyx’ optimism in the Phase III Orbit study’s results and interim analysis benchmark were misplaced because Ultragenyx failed to convey the risk associated with basing such threshold figures on Phase II results that had no placebo control group for appropriate comparison and thus had not ruled out that the reduction in AFR from that study could merely be triggered by an increased standard of care and the placebo effect of being provided a novel treatment.

The Ultragenyx class action lawsuit further alleges that on July 9, 2025, Ultragenyx revealed that the Phase III Orbit study failed to achieve statistical significance for the second interim analysis and that Phase III Orbit and Cosmic studies would now be “progressing toward final analysis.” On this news, the price of Ultragenyx stock fell more than 25%, according to the complaint.

Then, on December 29, 2025, Ultragenyx announced that both its Phase III Orbit and Cosmic Studies had not “achieved statistical significance against the primary endpoints of reduction in annualized clinical fracture rate compared to placebo or bisphosphonates, respectively.” Ultragenyx allegedly attributed the study failure to a “low fracture rate in the placebo group” of Orbit and a trend that fell shy of statistical significance in Cosmic. On this news, the price of Ultragenyx stock fell more than 42%, according to the complaint.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Ultragenyx common stock during the Class Period to seek appointment as lead plaintiff in the Ultragenyx class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Ultragenyx investor class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Ultragenyx shareholder class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Ultragenyx class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller is ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report for recovering more than $916 million for investors in 2025, the second year in a row Robbins Geller tops the list. Robbins Geller also earned this top ranking four of the last five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:


https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes. 
Services may be performed by attorneys in any of our offices. 

Contact:
        Robbins Geller Rudman & Dowd LLP
        J.C. Sanchez
        655 W. Broadway, Suite 1900, San Diego, CA 92101
        800-449-4900
        [email protected]



Dollars in Millions January

2026 		December
2025		 M/M

Change 		January
2025 		Y/Y
Change
           
Consumer Loan Marketplace Volume $
816 		$869 -6
%
 $
380 		115
%
$YLDS In Circulation1 $
376 		$328 15
% 		– n.m.
Democratized Prime2          
Matched Offers Balance $
253 		$206 23
% 		n.m. n.m.
Borrower Demand $
288 		$246 17
% 		n.m. n.m.
Available Lender Supply $
263 		$213 23
% 		n.m. n.m.
 

Dollars in Millions January

2025 		February
2025		 March
2025		 Q1
2025
         
Consumer Loan Marketplace Volume $
380
 $395 $590 $
1,365
$YLDS In Circulation1 – $0 $3 $
3
 

Democratized Prime2

Matched Offers Balance n.m. n.m. n.m. n.m.
Borrower Demand n.m. n.m. n.m. n.m.
Available Lender Supply n.m. n.m. n.m. n.m.
 
¹ $YLDS launched in February 2025
² Democratized Prime launched in June 2025
 

About Certain Operating Metrics

In order to better help understand our financial performance, we use several operating metrics, some of which are discussed below, to evaluate our business and results, measure performance, identify trends, formulate plans, and make strategic decisions. Our determination and presentation of these metrics may differ from that of other companies. The presentation of these metrics is meant to be considered in addition to, not as a substitute for or in isolation from, our financial measures prepared in accordance with GAAP.

Consumer Loan Marketplace Volume: We define Consumer Loan Marketplace Volume as the total U.S. dollar equivalent value of originations of HELOCs, DSCR, and personal loans on our LOS, as well as the volume of third-party loans traded on Figure Connect. We believe this measure is an indication of our scale and represents the potential revenue opportunity from the technology used for consumer credit loan originations.

$YLDS In Circulation: We define $YLDS in Circulation as the total U.S. dollar equivalent value of unsecured face-amount certificates solely backed by the assets of Figure Certificate Company (FCC), which is the issuer of the certificates. This is reported as an end of period outstanding balance.

Matched Offers: We define Matched Offers as the U.S. dollar equivalent value of offers matched between borrower and lenders on the Democratized Prime platform. This is reported as an end of period outstanding balance.

Borrower Demand: We define Borrower Demand as the U.S. dollar equivalent value that borrowers seek to borrow from the lending pool on the Democratized Prime platform. This is reported as an end of period outstanding balance.

Available Lender Supply: We define Lender Supply as the U.S. dollar equivalent value that lenders have made available in the lending pool on the Democratized Prime platform. This is reported as an end of period outstanding balance.


Financial Disclosure Advisory

The information in this release is unaudited and the information for the months in the most recent fiscal quarter is preliminary, based on Figure’s estimates, and subject to completion of financial closing procedures. Final results for the most recent fiscal quarter, as reported in Figure’s quarterly and annual filings with the U.S. Securities and Exchange Commission (“SEC”), might vary from the information in this release. Figure may at times make revisions to prior estimates to ensure consistency across comparable periods.


Forward Looking Statements Disclaimer

This press release contains forward-looking statements intended to be covered by the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including without limitation statements regarding our future financial performance. These statements involve known and unknown risks, uncertainties, and other important factors that may cause actual results to differ materially from those expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these terms, and similar expressions. Forward-looking statements are predictions based largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. These statements speak only as of the date of this press release.

Important factors that could cause actual results to differ materially include, among others: our history of losses and the risk that we may not maintain profitability; our reliance on HELOCs and exposure to fluctuations in the HELOC market and housing values; our ability to attract and retain borrowers, partners, and loan purchasers and to drive adoption of Figure-branded and Partner-branded channels including Figure Connect; loan performance and default rates and the effect of credit performance on access to and pricing of warehouse facilities, whole-loan sales, and securitizations; changes in interest rates and U.S. monetary policy that impact originations, funding costs, and investor demand; legal and regulatory risks affecting lending and mortgage-related activities and the evolving framework for digital assets, including potential changes in the characterization or regulation of certain digital assets and related products; dependence on key third-party providers including cloud, custodial, valuation, and data vendors and risks from outages or service disruptions; technology failures, cybersecurity incidents, or other operational disruptions; protection and enforcement of intellectual property; compliance with licensing, consumer protection, privacy, data security, and sanctions/AML laws, and shifting enforcement priorities at the federal and state levels; our ability to remediate previously identified material weaknesses and meet our post-IPO public company reporting and internal control obligations; competition; macroeconomic and geopolitical conditions; our dual-class structure and concentrated voting control and related impacts on corporate governance; equity market volatility affecting our Class A common stock; and the other risks described in “Risk Factors” in our Form 10-Q filed with the SEC for the quarter ended September 30, 2025.


About Figure Technology Solutions, Inc

Figure Technology Solutions, Inc. (Nasdaq: FIGR) is a blockchain-native capital marketplace that seamlessly connects origination, funding, and secondary market activity. More than 200 partners use its loan origination system and capital marketplace. Collectively, Figure and its partners have originated over $22 billion of home equity to date, among other products, making Figure’s ecosystem the largest non-bank provider of home equity financing. The fastest growing components are Figure Connect, its consumer credit marketplace, and Democratized Prime, Figure’s on-chain lend-borrow marketplace. Figure’s ecosystem also includes DART (Digital Asset Registry Technology) for asset custody and lien perfection, and $YLDS, an SEC-registered yield-bearing stablecoin that operates as a tokenized money market fund.

Figure is the market leader in real world asset (RWA) tokenization and its most recent securitization received a AAA rating from S&P and Moody’s, the first of its kind for blockchain finance. For more information, visit https://figure.com or follow Figure on LinkedIn.


News & Information Disclosure

Investors should note we may use our website (https://www.figure.com/), our investor relations website (https://investors.figure.com/), and the social media accounts of Figure, Figure Markets and/or Mike Cagney, our Co-Founder and Executive Chairman, as a means of disclosing information and for complying with our disclosure obligations under Regulation FD. These include X (@figure @mcagney, @figuremarkets), LinkedIn (https://www.linkedin.com/company/figuretechnologies/, https://www.linkedin.com/in/mikecagney/), Instagram (@figuretechnologies), Facebook (https://www.facebook.com/Figure/), and YouTube (@figuretechnologies). The information we post through these channels may be deemed material. Investors should monitor these channels in addition to reviewing our press releases, SEC filings, and public conference calls.



Posted on

SiTime to Acquire Renesas’ Timing Business

SiTime to Acquire Renesas’ Timing Business

  • Acquired Business Expected to Generate $300 Million in Revenue in 12 Months Post-Close, with 70% Gross Margin
  • High-Growth AI Datacenter-Comms Represents ~75% of Acquired Revenue
  • Accelerates SiTime’s Path to $1 Billion of Revenue as the Premier Pure-Play Precision Timing Company
  • Signed Partnership MOU to Explore SiTime’s MEMS Resonator Integration in Renesas’ Embedded Computing
  • SiTime Conference Call Today at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)

SANTA CLARA, Calif. & TOKYO–(BUSINESS WIRE)–
SiTime Corporation (Nasdaq: SITM) (“SiTime” or the “Company”), the Precision Timing company, and Renesas Electronics Corporation (TSE: 6723) (“Renesas”), a premier supplier of advanced semiconductors, today announced that SiTime and Renesas’ consolidated subsidiary, Renesas Electronics America Inc., have signed a definitive agreement whereby SiTime will acquire certain assets related to Renesas’ timing business. The acquisition accelerates SiTime’s path to $1 billion of revenue as the premier pure-play Precision Timing company with an industry leading portfolio to fully meet customers’ needs for high-performance timing products. Additionally, the companies have signed a partnership MOU to explore SiTime’s MEMS resonator integration into Renesas’ embedded computing products.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260204036196/en/

Rajesh Vashist, chairman and CEO of SiTime, said, “This acquisition is a monumental milestone toward fulfilling our vision to transform the timing market and solve our customers’ toughest timing challenges. With Renesas’ timing business, we will increase our clocking portfolio by more than 10x and extend our reach in the fastest growing applications in the timing market, including comms, enterprise and datacenter. Notably, these applications are expected to represent more than 60% of SiTime’s revenue, post-acquisition. We are confident that the acquisition will deliver exceptional value for our shareholders as we build on our strong record of financial performance as underscored by our 2025 results announced today.”

The business being acquired is the preeminent brand in clocking with a 30-year legacy of highly differentiated clocking products and an enviable financial profile. It has delivered sustained financial performance of approximately 70% gross margin. It serves over 10,000 customers, with nearly 75% of revenue in the AI-Datacenter-Comms segment and the remainder in industrial and automotive. In the 12 months following the close of the transaction, the business is expected to generate $300 million in revenue, catalyzed by SiTime’s sales and go-to-market expertise.

Hidetoshi Shibata, CEO of Renesas, said, “This transaction allows Renesas to sharpen its focus on embedded compute leadership while ensuring our customers have access to SiTime’s cutting-edge MEMS timing technology. We look forward to exploring opportunities for strategic collaboration with SiTime to deliver integrated solutions that power the next generation of intelligent devices that demand performance and efficiency. This milestone is another step forward toward our 2035 Aspiration and becoming a top-three embedded semiconductor solution supplier. Throughout this process, we remain fully committed to supporting our employees, customers and partners and ensuring a smooth transition.”

Rajesh Vashist, CEO of SiTime continued, “One of SiTime’s strategies is to integrate our resonators into MCUs and power management ICs, among other SoCs, to provide size, performance and power benefits to semiconductor companies. We are excited about the additional value that could be created for customers and the start of this multi-year revenue opportunity for SiTime.”

SiTime’s Titan MEMS resonators uniquely enable integration where the bare die can be combined with Renesas’ MCU or SoC die into a single package. This eliminates the complications associated with having the resonator on the system board and also saves space and simplifies design. The resulting next-generation products could unlock new possibilities in many applications in AI datacenters, industrial equipment including robots, ADAS systems in cars, and wearables, where performance, energy efficiency and miniaturization are critical.

Post-Acquisition Benefits for SiTime

With the acquisition of assets related to Renesas’ timing business, SiTime is substantially increasing its scale across its customer and product portfolio and strengthening its financial profile.

  • Broad, Long-Standing, World-Class Customer Relationships: The business being acquired has, over three decades, become a trusted partner to over 10,000 customers. Post-acquisition, SiTime’s customers will include the top ten cloud hyperscalers, the top seven AI server leaders, the top ten enterprise, networking and communications equipment vendors, best-in-class automotive OEMs and Tier 1s and the top mobile-IoT-consumer leaders. The acquired business’ diverse customer base provides a significant new opportunity for SiTime to sell its differentiated MEMS oscillators.
  • Highly Complementary and Differentiated Products: With this acquisition, SiTime will gain highly complementary clocking products, such as clock generators, buffers, network synchronizers and jitter attenuators. Combining SiTime’s differentiated MEMS oscillators with this clocking technology will enhance SiTime’s ability to serve high performance applications, such as datacenter switches, SmartNICs, routers and humanoid robots.
  • Premier Brands for High Performance, High Reliability and Premium Support: SiTime, with its oscillator portfolio and Renesas’ clocking portfolio, will create a timing leader that is solely focused on and perfecting high-performance, precision timing solutions. In a time of shorter design cycles, customers are expected to benefit from SiTime’s resilient performance, reliability, flexibility and design simplification.
  • Scaled Revenue, Accelerated Margins and Accretive to Earnings Per Share: In addition to accelerating SiTime’s path to $1 billion of revenue, the acquisition is expected to expedite SiTime’s progress toward the upper end of its 60 – 65% gross margin target while maintaining its targeted long-term annual revenue growth rate of 25 – 30%. The acquisition is expected to be accretive to SiTime’s non-GAAP earnings per share in the first year post-close.

Transaction Details

Under the terms of the asset purchase agreement, SiTime will acquire certain assets related to Renesas’ timing business for $1.5 billion in cash and approximately 4.13 million shares of common stock, $0.0001 par value per share of SiTime, subject to a potential adjustment and a collar determined by the 10-day volume weighted average price (“VWAP”) as of three trading days prior to the execution of the asset purchase agreement. The stock consideration will be paid in the form of newly issued SiTime common stock based on SiTime’s 10-day VWAP as of three trading days prior to closing, subject to a floor price of $308.6686 and a ceiling price of $417.6104.

SiTime intends to fund the cash consideration with cash on hand and $900 million of fully committed debt financing from Wells Fargo Bank, N.A. SiTime’s strong cash flows, including following the closing of the transaction, are expected to support rapid de-levering to less than 2x within 24 months post-close. The transaction is not subject to any financing conditions.

The SiTime and Renesas boards of directors have each unanimously approved the acquisition, which is expected to close by the end of 2026, subject to customary closing conditions and regulatory approvals.

Hidetoshi Shibata, CEO of Renesas, will join SiTime’s Board of Directors after the close of the transaction.

Advisors

Qatalyst Partners is serving as financial advisor to SiTime in connection with the transaction, Cooley LLPis serving as legal counsel and Joele Frank is serving as strategic communications advisor. Wells Fargo Bank, N.A. is providing committed debt financing for the transaction. J.P. Morgan is serving as financial advisor to Renesas and Sidley Austin LLP is serving as legal counsel.

SiTime Conference Call and Fourth Quarter and Fiscal Year 2025 Results

SiTime separately announced financial results for the fourth quarter and financial year ended December 31, 2025. The Company will hold a conference call today, February 4, 2026, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss this acquisition, the Company’s financial results and Q1 2026 outlook. A presentation related to the acquisition is available in the Events section of SiTime’s Investor Relations website.

Analysts and investors are invited to attend the conference call using the following information:

Live webcast: Click Here

Register for dial-in number: Register Here

Advanced registration is required for dial-in participants. Please complete the linked registration form above to receive a dial-in number and dedicated PIN for accessing the conference call. A live audio webcast of the conference call will also be available and archived for approximately 90 days in the Events section of SiTime’s Investor Relations website.

About SiTime

SiTime is the Precision Timing company. Our semiconductor MEMS programmable solutions offer a rich feature set that enables customers to differentiate their products with higher performance, smaller size, lower power, and better reliability. With more than 4 billion devices shipped, SiTime is changing the timing industry. For more information, visit http://www.sitime.com.

About Precision Timing – Timing is the heartbeat of all electronics, ensuring performance, resilience and scalability. For decades, quartz devices, non-silicon technology, have kept systems in sync, but they struggle in harsher, more demanding environments. MEMS-based Precision Timing delivers greater accuracy, smaller size and resilience. Today, MEMS timing powers over 400 applications, including high-growth ones in AI datacenters, automated driving, industrial and humanoid robots, wearables and IoT.

About Renesas Electronics Corporation

Renesas Electronics Corporation (TSE: 6723) empowers a safer, smarter and more sustainable future where technology helps make our lives easier. A leading global provider of microcontrollers, Renesas combines our expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions. These Winning Combinations accelerate time to market for automotive, industrial, infrastructure and IoT applications, enabling billions of connected, intelligent devices that enhance the way people work and live. Learn more at renesas.com. Follow us on LinkedIn, Facebook, X, YouTube, and Instagram.

Forward-Looking Statements

The information set forth in this press release contains certain “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, which include information concerning the structure, timing, and completion of the proposed transaction, the Company’s cash position and business strategy following the closing of the transaction and cash runway, the Company’s plans, objectives, goals, strategies, future revenues, financial position, capital expenditures; the anticipated timing of closing and other information that is not historical information. Forward-looking statements can be identified by words such as “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “will,” and variations of such words or similar expressions. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the results expressed or implied by the forward-looking statements contained herein. These include, but are not limited to: the Company’s ability to obtain regulatory approval for, and satisfy closing conditions to, the transactions, the timing of closing thereof, unexpected costs, charges or expenses resulting from the transaction, potential adverse reactions or changes to business relationships resulting from the announcement or completion of the transaction, and the Company’s ability to realize the anticipated benefits of the transactions described herein. Numerous other factors, many of which are beyond the Company’s control could cause actual results to differ materially from those expressed as forward-looking statements. Other risk factors include those that are discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and other filings made with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date the on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth therein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this press release, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.

SiTime Contacts

Investor Relations

Shelton Group

Leanne Sievers | Brett Perry

[email protected]

SiTime Corporation

Beth Howe

Chief Financial Officer

[email protected]

Media Relations

SiTime Corporation

Simone Souza

[email protected]

Green Flash Media

Donna St. Jean Conti

[email protected]

Renesas Contacts

Investor Relations

+81 3-6773-3002

Tomohiko Sato

[email protected]

Media Relations

+81 3-6773-3001

Hideharu Fujimori

[email protected]

KEYWORDS: United States Japan North America Asia Pacific California

INDUSTRY KEYWORDS: Semiconductor Hardware Consumer Electronics Technology Software

MEDIA:

Logo
Logo
Logo
Logo
Posted on

QuantumScape Inaugurates Eagle Line for Solid-State Battery Pilot Production

QuantumScape Inaugurates Eagle Line for Solid-State Battery Pilot Production

SAN JOSE, Calif.–(BUSINESS WIRE)–QuantumScape Corporation (NASDAQ: QS), a global leader in next-generation solid-state lithium-metal battery technology, today celebrated the inauguration of its newly installed Eagle Line at its facility in San Jose. The event was attended by automotive OEM customers, QS ecosystem partners and government officials, and included a showcase tour of the Eagle Line.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260204999555/en/

The QuantumScape team celebrates the inauguration of the Eagle Line [Credit: Stephen Ly / QuantumScape]

The QuantumScape team celebrates the inauguration of the Eagle Line [Credit: Stephen Ly / QuantumScape]

The Eagle Line is a suite of equipment, materials and highly automated processes, forming the blueprint for production of QS technology. It incorporates QS’s groundbreaking Cobra process, a unique and highly scalable method for producing the proprietary QS separator.

Upon ramp-up, the Eagle Line will produce QS battery cells to support customer sampling and testing, technology demonstrations, and product integration efforts. It is also intended to demonstrate scalable production of QS technology to enable licensing partners to manufacture at gigawatt-hour scale in their own facilities. In addition, the Eagle Line will serve as a platform to develop and test further technology and process improvements at meaningful scale, enabling QS’s advanced development efforts.

“We’re proud to show the Eagle Line to the world for the first time,” said Dr. Siva Sivaram, president and CEO of QS. “The Eagle Line is a powerful platform to demonstrate scalable production of our solid-state technology and serve customer demand for better batteries. This is the next major step in the commercialization of our technology.”

“The Eagle Line is a real technical achievement on the part of our team,” said Dr. Luca Fasoli, COO of QS. “After deploying the Cobra process, we rapidly moved to scale up our cell build process to increase output, scalability, automation and quality. I’m proud of the intense effort that went into making the Eagle Line a reality.”

About QuantumScape Corporation

QuantumScape is on a mission to revolutionize energy storage to enable a sustainable future. The company’s next-generation solid-state lithium-metal battery technology is designed to enable greater energy density, faster charging and enhanced safety to support the transition away from legacy energy sources toward a lower carbon future. For more information, visit www.quantumscape.com.

Forward-Looking Statements

Certain information in this press release may be considered “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements regarding the development, commercialization, and high-volume scale-up of QS’s battery technology, the anticipated benefits from successful installation and operation of production equipment for the Eagle line, including the implementation of the Cobra process; the anticipated ramp-up of production to support customer sampling, testing, and product integration; the ability of the Eagle Line to serve as a blueprint for scale manufacturing by licensing partners, and the potential impacts of QS’s technology for electric vehicles and other applications, among others. These forward-looking statements are based on management’s current expectations, assumptions, hopes, beliefs, intentions and strategies regarding future events and are based on currently available information as to the outcome and timing of future events. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely upon forward-looking statements as predictions of future events. The events and circumstances reflected in the forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements due to various risks, including the successful development and commercialization of our solid-state battery technology, achieving technical and financial milestones, building out of high-volume processes and otherwise scaling production, achieving the performance, quality, consistency, reliability, safety, cost and throughput required for commercial production and sale, changes in economic and financial conditions, market demand for EVs, retaining key personnel, competition, regulatory changes, broader economic conditions, and other factors, including those discussed in the section titled “Risk Factors” in our Annual Report and Quarterly Reports and other documents filed with the Securities and Exchange Commission from time to time. Except as otherwise required by applicable law, the company disclaims any duty to update any forward-looking statements.

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Vehicle Technology EV/Electric Vehicles Batteries Alternative Energy Alternative Vehicles/Fuels Energy Technology Automotive Other Manufacturing Automotive Manufacturing Other Technology Manufacturing

MEDIA:

Photo
Photo
The QuantumScape team celebrates the inauguration of the Eagle Line [Credit: Stephen Ly / QuantumScape]
Logo
Logo
Posted on

YZi Labs Responds to CEA Industries’ February 4, 2026 Press Release

Refutes Claim of a “Secret Side Agreement” 

Confirms the Strategic Services Agreement Was Effectively Terminated by YZi Labs in December 2025

Rejects Claims That YZi Labs Blocked Amendments to 10X Capital’s Asset Management Agreement with BNC

Reaffirms Commitment to Transparency and BNC Stockholders’ Interests

ROAD TOWN, British Virgin Islands, Feb. 04, 2026 (GLOBE NEWSWIRE) — YZILabs Management Ltd. (“YZi Labs”, “YZi”, “we”), a significant stockholder of CEA Industries Inc. (NASDAQ: BNC) (“BNC” or the “Company”), today issued the following statement to correct the misinformation contained in BNC’s February 4, 2026 press release.

The Strategic Advisor Agreement Was Not A Secret

The Strategic Services Agreement (the “SSA”) was negotiated and executed with full knowledge to BNC, its former and current Board of Directors (the “Board”) and management team, and BNC’s legal counsel. It is appalling for BNC to now suggest that the SSA was undisclosed or secretive.

  • Hans Thomas (Chief Executive Officer of 10X Capital Asset Management LLC (“10X Capital”) and a current director at the BNC Board) and Alexander Monje (Partner and Chief Legal Officer of 10X Capital and a former director of BNC) negotiated the terms and execution of the SSA.
  • Two other individuals substantively affiliated with both 10X Capital and BNC management, Russell Read (partner of 10X Capital and a former director of BNC who worked with the current BNC Board until his January 1, 2026 resignation1), and David Namdar (the current Chief Executive Officer of BNC and a former partner of 10X Capital), are deeply aware of the existence and terms of the SSA.
  • Winston & Strawn LLP, legal counsel to BNC in connection with the August 2025 PIPE, advised 10X Capital with respect to the SSA.


More importantly,
 YZi Labs disclosed the SSA both in its initial Schedule 13D filing on November 26, 20252 and in its preliminary consent solicitation statement on December 1, 2025, which BNC, its Board and management, as well as its various advisors, are well aware of.

YZi Labs Terminated the SSA via Written Notice to 10X Capital on December 11, 2025, with Notice to the BNC Board Regarding the Termination on December 13, 2025

In particular, YZi Labs asked 10X Capital to lower the asset management fee under the Asset Management Agreement and, at the same time, offered on multiple occasions to waive all fees payable to it under the SSA in order to reduce operating expenses and support improved performance.

The key events that followed are straightforward:

  • From the closing of the PIPE through early December 2025, YZi Labs had repeatedly offered to waive YZi Labs’ fees under the SSA and requested 10X Capital to lower its fees. 10X Capital did not substantively reply or engage.
  • On November 26, 2025, YZi Labs publicly disclosed the SSA to BNC stockholders in its initial Schedule 13D filed with the U.S. Securities and Exchange Commission and attached a copy of the SSA to the filing.
  • On December 1, 2025, YZi Labs also publicly disclosed the SSA to BNC stockholders in its preliminary consent solicitation statement filed with the U.S. Securities and Exchange Commission.
  • On December 11, 2025, YZi Labs formally terminated the SSA and delivered a written notice to 10X Capital, addressed to both Hans Thomas and David Namdar (the “SSA Termination Notice”).
  • On December 13, 2025, YZi Labs delivered a letter to BNC’s Board informing, amongst other important matters, that the SSA had been terminated. Mr. Thomas, as a BNC director, was therefore fully aware.
  • On January 12, 2026, the BNC Board responded to YZi Labs’ December 13, 2025 letter and raised no questions regarding the terminated status of the SSA, which sustains that the Board had been aware of both the SSA and its termination.
  • In late January and early February 2026, YZi Labs, multiple BNC stockholders approached YZi Labs stating that according to Mr. Thomas, the SSA was purportedly still valid and blocking BNC’s amendment to the AMA.
  • On February 1, 2026, YZi Labs forwarded the December 11, 2025 SSA Termination Notice to BNC CEO Mr. Namdar.
  • On February 2, 2026, YZi Labs received a letter from counsel to 10X Capital claiming that 10X Capital and Mr. Thomas were not aware of the SSA termination – despite the prior written notices.

No Agreement Involving YZi Labs Is Blocking AMA Changes

With YZi Labs’ repeated offers to waive all fees and termination of the SSA, YZi Labs does not see any way the SSA could possibly block any amendment to the AMA. The SSA was also terminated by YZi Labs as of December 11, 2025, with full notice to and knowledge of 10X Capital and the BNC Board.

YZi Labs believes transparency matters, especially when misinformation risks distracting from the real issues facing the Company. YZi Labs remains committed to acting in the best interests of all BNC stockholders and to engaging constructively to support governance arrangements that reflect market standards and long-term value creation.

About YZi Labs

YZILabs Management Ltd. is an investment firm focused on strategic, transparent, and high-governance participation in the digital asset and blockchain sectors. YZi Labs is committed to advancing best-in-class oversight, operational integrity, and shareholder alignment in all investment partnerships.

Media Contact

[email protected]

CERTAIN INFORMATION CONCERNING THE PARTICIPANTS

YZILabs Management Ltd. (“YZi Labs Management”), together with the other participants named herein (collectively, “YZi Labs”), has filed a preliminary consent statement and an accompanying WHITE consent card with the Securities and Exchange Commission (“SEC”) to be used to solicit stockholder written consents to, among other things, expand the size of the Board of Directors (the “Board”) of CEA Industries Inc., a Nevada corporation (the “Company”) and elect certain persons nominated for election to the Board.

YZI LABS STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE CONSENT STATEMENT AND OTHER CONSENT MATERIALS, INCLUDING A WHITE CONSENT CARD, AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH CONSENT MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC’S WEBSITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS CONSENT SOLICITATION WILL PROVIDE COPIES OF THE CONSENT STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST.

The participants in the consent solicitation are expected to be YZi Labs Management, Changpeng Zhao, Max Baucus Sieben, David James Chapman, Marie Teresa Goody Guillené, Jiajin He, Alex Odagiu, Matthew Roszak and Ling Zhang (collectively, the “Participants”).

As of the date hereof, YZi Labs Management directly beneficially owns 2,150,481 shares of common stock, par value $0.00001 per share (the “Common Stock”). As of the date hereof, YZi Labs Management holds (i) 7,750,510 shares of Common Stock underlying certain Pre-Funded Warrants (the “Pre-Funded Warrants”), (ii) 9,900,991 shares of Common Stock underlying certain Stapled Warrants (the “Stapled Warrants”) and (iii) 3,564,359 shares of Common Stock underlying certain Strategic Advisor Warrants (the “Strategic Advisor Warrants”). Each of the Pre-Funded Warrants, the Stapled Warrants and the Strategic Advisor Warrants either provide that, or the holder has elected that, the holder shall not have the right to exercise any portion of any such warrants to the extent that after giving effect to such issuance after exercise, such holder and certain of its affiliates would be deemed to beneficially own, as determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, more than 4.99% of the Company’s then outstanding shares of Common Stock (the “Beneficial Ownership Limitations”). As of the date hereof, none of YZi Labs Management’s Pre-Funded Warrants, Stapled Warrants or Strategic Advisor Warrants are currently exercisable, and are not expected within 60 days to be exercisable due to the Beneficial Ownership Limitations. Mr. Zhao, as the sole director of YZi Labs Management, may be deemed the beneficial owner of the 2,150,481 shares of Common Stock directly owned by YZi Labs. As of the date hereof, Ms. He may be deemed to beneficially own 2,099,644 shares of Common Stock, including 1,188,120 shares of Common Stock underlying certain Stapled Warrants, and Mr. Odagiu may be deemed to beneficially own 4,918 shares of Common Stock. As of the date hereof, each of Messrs. Baucus, Chapman and Roszak, and Msses. Goody Guillen and Zhang do not beneficially own any shares of Common Stock.

1 BNC Form 8-K dated January 6, 2026.
2 The Schedule 13D attached a copy of the SSA as Ex. 99.7 (without exhibits).



Posted on

Bob’s Discount Furniture Announces Pricing of Initial Public Offering

Bob’s Discount Furniture Announces Pricing of Initial Public Offering

MANCHESTER, Conn.–(BUSINESS WIRE)–
Bob’s Discount Furniture, Inc. (“Bob’s” or “Bob’s Discount Furniture”) today announced the pricing of its initial public offering of 19,450,000 shares of its common stock at a price to the public of $17.00 per share. The underwriters will have a 30-day option to purchase up to an additional 2,917,500 shares of common stock from an existing stockholder (the “Selling Stockholder”) at the initial public offering price, less underwriting discounts and commissions. Bob’s Discount Furniture will not receive any proceeds from any sale of shares by the Selling Stockholder.

The shares of Bob’s Discount Furniture’s common stock are expected to begin trading on the New York Stock Exchange on February 5, 2026 under the ticker symbol “BOBS.” The offering is expected to close on February 6, 2026, subject to customary closing conditions.

J.P. Morgan Securities LLC and Morgan Stanley are acting as joint-lead book-running managers and RBC Capital Markets, LLC and UBS Securities LLC are also acting as book-running managers for the offering. BofA Securities, Evercore Group L.L.C. and Goldman Sachs & Co. LLC are acting as bookrunners for the offering, and Baird, KeyBanc Capital Markets, Raymond James & Associates, Inc., AmeriVet Securities, Inc., Loop Capital Markets LLC, R. Seelaus & Co., LLC and Samuel A. Ramirez & Company, Inc. are acting as co-managers for the offering.

The offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from J.P. Morgan Securities LLC, Attention: c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or email: [email protected] and [email protected]; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; RBC Capital Markets, LLC, Attention: Equity Capital Markets, 200 Vesey Street, 8th Floor, New York, New York 10281, by telephone at (877) 822-4089, or by email at [email protected]; or UBS Securities LLC, Attention: Prospectus Department, 11 Madison Avenue, New York, New York 10010, by telephone at (888) 827-7275 or by emailing [email protected].

A registration statement on Form S-1 relating to the offering has been filed with the Securities and Exchange Commission and was declared effective on January 30, 2026. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

About Bob’s Discount Furniture

Bob’s Discount Furniture is a high-growth, national omnichannel retailer of value home furnishings with more than 200 showrooms across the United States. Since our founding in 1991, we have built our ethos as a trusted and reliable brand offering superior value and service, without compromising on quality or style. Our business model is anchored in delivering furniture at “Everyday Low Prices,” and at the heart of Bob’s success is not just the value of our furniture, but the team members who bring our promise to life every day. From showroom to living room, it’s our people who make Bob’s feel like home. Our belief that everyone deserves a home they love is reflected in how we operate daily and the appreciation we have for our people and communities. From our in-store guest experience specialists who create a no-pressure, no-gimmicks shopping experience, to our distribution and logistics teams who enable fast, reliable fulfillment, Bob’s is built on the dedication of more than 5,800 team members nationwide.

Media:

[email protected]

Investor Relations:

[email protected]

KEYWORDS: Connecticut United States North America

INDUSTRY KEYWORDS: Home Goods Other Retail Discount/Variety Retail Department Stores

MEDIA:

Posted on

Citizens Business Bank Recognized by Forbes as a Best Bank in America for 2026

ONTARIO, Calif., Feb. 04, 2026 (GLOBE NEWSWIRE) — CVB Financial Corp. (NASDAQ: CVBF), the holding company for Citizens Business Bank, N.A. (the “Bank”), has been recognized by Forbes in the publication’s seventeenth annual America’s Best Banks list. This recognition represents the ninth time in the past decade that the Bank has been included on Forbes’ list of the best banks in the nation.

“We are grateful to be recognized once again for our strong financial performance,” said David Brager, President and Chief Executive Officer of CVB Financial Corp. and Citizens Business Bank. “Our inclusion on the Forbes list reflects our long-term commitment to supporting the communities we serve.”

As one of the top performing financial services companies in the nation, CVB Financial Corp. and Citizens Business Bank continue to be recognized for financial strength and community engagement. In 2025, CVB Financial Corp. was ranked by S&P Global Market Intelligence as one of the Top 50 Public Banks and one of the Top Three Large U.S. Banks by Deposit Franchise. The Bank maintained its Five-Star Superior rating from BauerFinancial and its designation as a “Super Premier” Performing Bank by The Findley Reports. CVB Financial Corp. also retained its BBB+ rating from Fitch Ratings. The Bank previously received top honors from Forbes as the overall number one Best Bank in America for four of the past ten years, specifically in 2023, 2021, 2020 and 2016.

In establishing its rankings, Forbes looked at ten metrics related to credit quality, growth, and profitability for the 200 largest publicly-traded banks and thrifts by asset size in the nation.

Corporate Overview

CVB Financial Corp. (“CVBF”) is the holding company for Citizens Business Bank, National Association. CVBF is one of the 10 largest bank holding companies headquartered in California with more than $15 billion in total assets. Citizens Business Bank is consistently recognized as one of the top performing banks in the nation and offers a wide array of banking, lending and investing services with more than 60 banking centers and three trust office locations serving California.

Shares of CVB Financial Corp. common stock are listed on the NASDAQ under the ticker symbol “CVBF”. For investor information on CVB Financial Corp., visit our Citizens Business Bank website at www.cbbank.com and click on the “Investors” tab.

Contact: 

David A. Brager


President and Chief

Executive Officer

(909) 980-4030