Posts

Posted on

Datavault AI Signs Dwight “Doc” Gooden as NILX Brand Ambassador

Datavault AI Signs Dwight “Doc” Gooden as NILX Brand Ambassador

The 1985 National League Cy Young winner has committed to create a minimum of 10 original video works for the Company’s name, image, and likeness exchange

PHILADELPHIA–(BUSINESS WIRE)–Datavault AI Inc. (“Datavault AI” or the “Company”) (NASDAQ: DVLT), a provider of data monetization, credentialing, digital engagement, and real-world asset (‘RWA’) tokenization technologies, today announced that Dwight “Doc” Gooden has signed as a brand ambassador for Datavault NILX, the Company’s name, image and likeness (“NIL”) exchange platform.

Under his services agreement, Gooden has committed to create and deliver a minimum of 10 original video works for the platform, to take part in promotional activity supporting it, and to participate in revenue attributed to that content. Datavault AI will provide platform onboarding and operational support, tracking and attribution of NILX activity generated by Gooden’s content, and revenue share reporting and payment administration.

Gooden reached the major leagues at 19 and was named National League Rookie of the Year in 1984 after striking out 276 batters, a rookie record at the time. The following season he won the pitching Triple Crown, leading the league in wins, earned run average and strikeouts, and became the youngest player ever to win the Cy Young Award. He was a four-time All-Star and threw a no-hitter for the New York Yankees on May 14, 1996. He finished with 194 wins and 2,293 strikeouts across 16 seasons. The Mets have retired his No. 16.

Few single seasons in baseball are recounted as often as Gooden’s 1985, and almost none of that retelling has ever returned anything to him. That is the gap NILX is being built to close. The platform is designed so that an athlete’s audience, and the content that audience actually watches, can be measured, attributed, and paid out rather than licensed once and forgotten. Gooden pitched his entire career before any mechanism of that kind existed, and the Company intends NILX to serve figures outside the collegiate system, where most NIL infrastructure has been aimed to date.

That collegiate market is now substantial. Spending on NIL products and services totaled an estimated $918.0 million in the first year of NIL. Opendorse projects it at $2.75 billion in 2025-26 and $3.15 billion by 2028-29 in its “NIL at Four: Monetizing the New Reality” report published in July 2025. Roughly $995 million of the 2025-26 figure is commercial spending by brands and fans, the segment closest to the work an established public figure performs.

“Doc Gooden’s 1985 is still argued about in bars and on broadcasts 40 years later, and the person it belongs to has never held a position in any of it,” said Nathaniel T. Bradley, CEO of Datavault AI. “Ten original works from him are worth more to this platform than a hundred from someone with no story. We want athletes to hold generatable, auditable stake in what their name, image and likeness generates, and Gooden is the kind of participant who lets us show what that looks like rather than describe it.”

Gooden joins the platform ahead of its commercial launch. Datavault AI has previously stated its intention to bring a NIL exchange to market as part of a group of specialized data exchange platforms, and additional ambassador and content agreements are expected to be announced as the platform advances.

About Datavault AI

Datavault AI™ (NASDAQ: DVLT) leads AI-driven data experiences, valuation, and monetization in the Web 3.0 environment. The Company’s cloud-based platform delivers comprehensive solutions through its collaborative Acoustic Science and Data Science Divisions. Datavault AI’s Acoustic Science Division includes WiSA®, ADIO®, and Sumerian® patented technologies for spatial and multichannel wireless HD sound. The Data Science Division harnesses Web 3.0 and high-performance computing for experiential data perception, valuation, and secure monetization across industries including sports & entertainment, biotech, education, fintech, real estate, healthcare, and energy. The Information Data Exchange® (IDE) enables Digital Twins and secure NIL licensing, fostering responsible AI with integrity. Datavault AI’s customizable technology suite offers AI/ML automation, third-party integration, analytics, marketing automation, and advertising monitoring.

The Company is headquartered in Philadelphia, PA. For more information, visit www.dvlt.ai. Investor information is available at ir.datavaultsite.com. Technology news and insights are published at dvlt.ai/insights.

Forward-Looking Statements

This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws) about Datavault AI Inc. (“Datavault AI,” the “Company,” “us,” “our,” or “we”) and our industry that involve risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words, such as “may,” “might,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,” “seeks,” “likely” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. The absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements, including, but not limited to, statements regarding the scope, timing and performance of the services to be provided under the Company’s agreement with Dwight Gooden; the creation and delivery of a minimum of 10 original video works and the audience engagement or revenue that content may generate; the development, timing and commercial launch of the Company’s name, image and likeness exchange platform and the features it is intended to offer; the Company’s intention to serve public figures outside the collegiate system; the expectation that additional ambassador or content agreements will be entered into or announced; and the size, growth and composition of the name, image and likeness market, are necessarily based upon estimates and assumptions that, while considered reasonable by Datavault AI and its management, are inherently uncertain. Readers are cautioned not to place undue reliance on these and other forward-looking statements contained herein. Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties including, but not limited to, the following: the risk that the platform is not launched, is delayed, or does not perform as intended; the risk that the contracted works are not delivered, do not attract an audience, or do not generate revenue for either party; risks relating to reliance on individual public figures, including reputational risk and the risk that an agreement is terminated or not renewed; risks relating to evolving federal and state regulation of name, image and likeness rights and of tokenized and digital assets; the risk that third-party market projections prove inaccurate or are not representative of the Company’s addressable market; the availability of financing; changes in economic, market, or regulatory conditions; risks associated with technological development and integration; and other risks and uncertainties as more fully described in Datavault AI’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the year ended December 31, 2025 and other filings that Datavault AI makes from time to time with the SEC, which are available on the SEC’s website at www.sec.gov, and could cause actual results to vary from expectations.

The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Datavault AI undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date hereof or to reflect new information or the occurrence of unanticipated events, except as required by law. Datavault AI may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on such forward-looking statements. Datavault AI’s forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures or investments it may make.

Industry and Market Data

Within this press release, we reference information and statistics regarding the market for our products, including data from Opendorse’s “NIL at Four: Monetizing the New Reality” report (July 2025). We have obtained some of this information and statistics from various independent third-party sources, including industry publications, market research reports, and other independent sources. Some data and other information contained in this press release are also based on management’s estimates and calculations, which are derived from our review and interpretation of internal surveys and independent sources. Data regarding the industries in which we compete and our market position and market share within these industries are inherently imprecise and are subject to significant business, economic and competitive uncertainties beyond our control, but we believe they generally indicate size, position and market share within this industry. While we believe such information is reliable, we have not independently verified any third-party information. While we believe our internal company research and estimates are reliable, such research and estimates have not been verified by any independent source. In addition, assumptions and estimates of our and our industry’s future performance are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. These and other factors could cause our future performance to differ materially from our assumptions and estimates. As a result, you should be aware that market, ranking and other similar industry data included in this press release, and estimates and beliefs based on that data, may not be reliable.

Trademarks, Trade Names, Service Marks and Copyrights

We own or have rights to use various trademarks, tradenames, service marks and copyrights, which are protected under applicable intellectual property laws. This press release also contains trademarks, tradenames, service marks and copyrights of other companies, which are, to our knowledge, the property of their respective owners. Solely for convenience, certain trademarks, tradenames, service marks and copyrights referred to in this press release may appear without the ©, ®, and symbols, but such references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights or the rights of the applicable licensors to these trademarks, tradenames, service marks and copyrights. We do not intend our use or display of other parties’ trademarks, tradenames, service marks or copyrights to imply, and such use or display should not be construed to imply a relationship with, or endorsement or sponsorship of us by, these other parties.

Media Contact:

[email protected]

Investor Contact:

Edward Barger

VP, Investor Relations

[email protected] | [email protected]

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: Sports Data Management General Sports Technology Web3 Security Software Artificial Intelligence Networks Internet Baseball

MEDIA:

Logo
Logo
Posted on

Astronics Corporation Announces Favorable Appeal Ruling on Lufthansa Technik Intellectual Property Case in United Kingdom

Astronics Corporation Announces Favorable Appeal Ruling on Lufthansa Technik Intellectual Property Case in United Kingdom

EAST AURORA, N.Y.–(BUSINESS WIRE)–Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced today that a favorable judgment has been issued by the UK appellate court presiding over its long-running patent infringement dispute with Lufthansa Technik AG.

Lufthansa Technik had filed an appeal of the trial court’s February 2025, judgment on damages, and Astronics had filed three appeals. The UK appellate court dismissed in its entirety Lufthansa Technik’s appeal, and granted one of Astronics’ appeals, which will require Lufthansa Technik to make a partial refund to Astronics of damages previously paid, in an amount yet to be determined. Additional amounts may be payable to Astronics for attorney fees associated with certain elements of the case, based on the court’s decision.

Either party may request an appeal of the appellate court’s decision to the UK Supreme Court, though it is uncertain if the Supreme Court will choose to hear any further appeals.

ABOUT ASTRONICS CORPORATION

Astronics Corporation (Nasdaq: ATRO) serves the world’s aerospace, defense, and other mission critical industries with proven, innovative technology solutions. Astronics works side-by-side with customers, integrating its array of power, connectivity, lighting, structures, interiors, and test technologies to solve complex challenges. For over 50 years, Astronics has delivered creative, customer-focused solutions with exceptional responsiveness. Today, global airframe manufacturers, airlines, militaries, completion centers and Fortune 500 companies rely on the collaborative spirit and innovation of Astronics. The Company’s strategy is to increase its value by developing technologies and capabilities that provide innovative solutions to its targeted markets.

For more information on Astronics and its solutions, visit Astronics.com.

Safe Harbor Statement

This news release contains forward-looking statements as defined by the Securities Exchange Act of 1934. One can identify these forward-looking statements by the use of the words “expect,” “anticipate,” “plan,” “may,” “will,” “estimate” or other similar expressions and include all statements with regard to the timing and amount of the refund of damages previously paid resulting from the appellate ruling, the potential for refund of some amount of attorney fees associated with the appeal, and the ability of the parties to appeal to the UK Supreme Court. Because such statements apply to future events, they are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated by the statements. Important factors that could cause actual results to differ materially from what may be stated here include the trend in growth with passenger power and connectivity on airplanes, the state of the aerospace and defense industries, the market acceptance of newly developed products, internal production capabilities, the timing of orders received, the status of customer certification processes and delivery schedules, the demand for and market acceptance of new or existing aircraft which contain the Company’s products, the need for new and advanced test and simulation equipment, customer preferences and relationships, and other factors which are described in filings by Astronics with the Securities and Exchange Commission. Except as may be required by applicable law, the Company assumes no obligation to update forward-looking information in this news release whether to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial conditions or prospects, or otherwise.

For more information, contact:

Company

Nancy L. Hedges, CFO

Astronics Corporation

T: 716.805.1599

Investors

Deborah K. Pawlowski

Alliance Advisors LLC

T: 716.843.3908

[email protected]

KEYWORDS: New York Europe United States United Kingdom North America

INDUSTRY KEYWORDS: Aerospace Technology Manufacturing Other Transport Air Transport Other Manufacturing Other Defense Defense Engineering Electronic Design Automation

MEDIA:

Logo
Logo
Posted on

WIX INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Wix.com Ltd. Investors – Holzer & Holzer, LLC Encourages Investors With Losses to Contact the Firm 

ATLANTA, July 27, 2026 (GLOBE NEWSWIRE) — A shareholder class action lawsuit has been filed against Wix.com Ltd. (“Wix”) (NASDAQ: WIX). The lawsuit alleges that: (i) Wix had overstated the competitiveness and performance of its AI product offerings relative to those offered by other companies; (ii) Wix had understated the costs associated with developing and promoting its AI product offerings; and (iii) accordingly, Defendants overstated the commercial and financial benefits of Wix’s AI product offerings.

If you purchased Wix shares between February 19, 2025 and May 12, 2026, and experienced a loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at [email protected] or Marshall P. Dees, Esq. at [email protected], by toll-free telephone at (888) 508-6832, or by visiting the firm’s website at www.holzerlaw.com/case/wix/ for more information. 

The deadline to ask the court to be appointed lead plaintiff in the case is September 22, 2026. 

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, 2023, and 2025, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.

CONTACT:
Marshall P. Dees, Esq. 
(888) 508-6832 (toll-free)
[email protected]



Posted on

Ascent Industries Sets Second Quarter 2026 Earnings Conference Call for August 4, 2026, at 5:00 p.m. ET

Ascent Industries Sets Second Quarter 2026 Earnings Conference Call for August 4, 2026, at 5:00 p.m. ET

SCHAUMBURG, Ill.–(BUSINESS WIRE)–
Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), a specialty chemicals platform focused on the development, production, and distribution of tailored, performance-driven chemical solutions, will hold a conference call on Tuesday, August 4, 2026, at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2026. The results will be reported in a press release prior to the conference call.

Ascent management will host the conference call, followed by a question and answer period.

Date: Tuesday, August 4, 2026

Time: 5:00 p.m. Eastern time

Webcast Registration Link: Here

Dial-in Link: Here

To access the call by phone, please register via the live call registration link above and you will be provided with dial-in instructions and details. If you have any difficulty connecting with the conference call, please contact Investor Relations at 1-630-884-9181.

The conference call will also be broadcast live and available for replay via the webcast registration link above or here. The webcast will be archived for one year in the investor relations section of the Company’s website at www.ascentco.com.

About Ascent Industries Co.

Ascent Industries Co. (Nasdaq: ACNT) is a specialty chemicals platform focused on the development, production, and distribution of tailored, performance-driven chemical solutions. For more information about Ascent, please visit its website at www.ascentco.com.

Investor Relations

1 (630) 884-9181

[email protected]

KEYWORDS: Illinois New York United States North America

INDUSTRY KEYWORDS: Chemicals/Plastics Manufacturing

MEDIA:

Logo
Logo
Posted on

Datavault AI Appoints Ronald M. Goldstein to Lead Professional Sports Licensing

Datavault AI Appoints Ronald M. Goldstein to Lead Professional Sports Licensing

Goldstein will direct professional sports and legacy athlete licensing programs on the Company’s NIL Vault (NILv)

PHILADELPHIA–(BUSINESS WIRE)–Datavault AI Inc. (“Datavault AI” or the “Company”) (NASDAQ: DVLT), a provider of data monetization, credentialing, digital engagement, and real-world asset (‘RWA’) tokenization technologies, today announced the advancement of its NIL debit card capability in connection with its embedded banking and payments arrangement with Fiserv, Inc., and the appointment of Ronald M. Goldstein to lead professional sports licensing. Goldstein has begun officially licensing assets through the Company’s NIL Vault (NILv) initiative.

This announcement builds on Fiserv’s July 21, 2026 release, which states that Fiserv will serve as the embedded financial services and payments provider for Datavault AI, enabling payment wallets and associated debit cards on the Company’s planned NIL exchange platform. The wallets and cards are intended to give participating athletes a way to receive, manage and access funds earned through sponsor relationships.

Goldstein is an executive legal strategist, licensing professional and senior business advisor with more than 35 years of experience in legal, regulatory, licensing, commercial and operational matters. His expertise includes sports marketing and athlete representation, sponsorships, endorsements and NIL, licensing and intellectual property protection and commercialization, corporate and strategic partnerships, and global relationship management. Goldstein has built relationships with professional athletes, entertainers, public figures, executives, global brands, legal professionals and agency representatives in the United States and internationally.

In his new role, Goldstein will direct the Company’s professional sports licensing activity and the structuring of officially licensed programs on the NIL Vault.

“With Ron Goldstein now leading professional sports licensing, we are accelerating value creation for current athletes and historic legacies alike,” said Nathaniel T. Bradley, CEO of Datavault AI. “Ron has already begun advancing official licensing on our NIL Vault, including the Josh Gibson, Roberto Clemente and Yogi Berra initiatives.”

“Ron brings decades of proven success structuring commercial agreements, protecting intellectual property, and commercializing assets across sports and entertainment,” said Robert Dromerhauser of Datavault AI. “His leadership, network and judgment will be instrumental as we scale the NIL Vault, integrate debit card functionality, and execute licensing opportunities.”

About Datavault AI

Datavault AI™ (NASDAQ: DVLT) leads AI-driven data experiences, valuation, and monetization in the Web 3.0 environment. The Company’s cloud-based platform delivers comprehensive solutions through its collaborative Acoustic Science and Data Science Divisions. Datavault AI’s Acoustic Science Division includes WiSA®, ADIO®, and Sumerian® patented technologies for spatial and multichannel wireless HD sound. The Data Science Division harnesses Web 3.0 and high-performance computing for experiential data perception, valuation, and secure monetization across industries including sports & entertainment, biotech, education, fintech, real estate, healthcare, and energy. The Information Data Exchange® (IDE) enables Digital Twins and secure NIL licensing, fostering responsible AI with integrity. Datavault AI’s customizable technology suite offers AI/ML automation, third-party integration, analytics, marketing automation, and advertising monitoring.

The Company is headquartered in Philadelphia, PA. For more information, visit www.dvlt.ai. Investor information is available at ir.datavaultsite.com. Technology news and insights are published at dvlt.ai/insights.

Forward-Looking Statements

This press release contains “forward-looking statements” (within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws) about Datavault AI Inc. (“Datavault AI,” the “Company,” “us,” “our,” or “we”) and our industry that involve risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words, such as “may,” “might,” “will,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “goal,” “objective,” “seeks,” “likely” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. The absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements, including, but not limited to, statements regarding the scope and expected contribution of Mr. Goldstein’s role; the Company’s intended structuring of officially licensed professional sports and legacy athlete programs on the NIL Vault (NILv); the planned launch and features of the Company’s NIL exchange platform; the intended availability of payment wallets and associated debit cards enabled by Fiserv and the timing thereof; the advancement of the Company’s NIL debit card capability; and the expected operational, technical and commercial outcomes of the Company’s strategy, are necessarily based upon estimates and assumptions that, while considered reasonable by Datavault AI and its management, are inherently uncertain. Readers are cautioned not to place undue reliance on these and other forward-looking statements contained herein. Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties including, but not limited to, the following: the risk that the Company’s NIL exchange platform is delayed, materially modified, or not launched; risks relating to evolving federal and state regulatory frameworks, athletic association rules, and institutional policies applicable to name, image and likeness activity; the risk that the Company does not obtain or maintain the licensing rights, estate approvals, or counterparty authorizations on which its programs depend; risks relating to the integration of third-party banking and payments services and to the performance of third-party providers; the availability of financing; changes in economic, market, or regulatory conditions; risks associated with technological development and integration; and other risks and uncertainties as more fully described in Datavault AI’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the year ended December 31, 2025 and other filings that Datavault AI makes from time to time with the SEC, which are available on the SEC’s website at www.sec.gov, and could cause actual results to vary from expectations.

The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Datavault AI undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date hereof or to reflect new information or the occurrence of unanticipated events, except as required by law. Datavault AI may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on such forward-looking statements. Datavault AI’s forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures or investments it may make.

Trademarks, Trade Names, Service Marks and Copyrights

We own or have rights to use various trademarks, tradenames, service marks and copyrights, which are protected under applicable intellectual property laws. This press release also contains trademarks, tradenames, service marks and copyrights of other companies, which are, to our knowledge, the property of their respective owners. Solely for convenience, certain trademarks, tradenames, service marks and copyrights referred to in this press release may appear without the ©, ®, and symbols, but such references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights or the rights of the applicable licensors to these trademarks, tradenames, service marks and copyrights. We do not intend our use or display of other parties’ trademarks, tradenames, service marks or copyrights to imply, and such use or display should not be construed to imply a relationship with, or endorsement or sponsorship of us by, these other parties.

Media Contact:

[email protected]

Investor Contact:

Edward Barger

VP, Investor Relations

[email protected] | [email protected]

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: Software Banking Networks Sports Internet Professional Services Licensing (Sports) Fintech Data Management Technology Artificial Intelligence Finance

MEDIA:

Logo
Logo
Posted on

MPLT Investors Have Opportunity to Join MapLight Therapeutics, Inc. Fraud Investigation with SBS Law

MPLT Investors Have Opportunity to Join MapLight Therapeutics, Inc. Fraud Investigation with SBS Law

LOS ANGELES–(BUSINESS WIRE)–Schall, Brown & Schwartz LLP (“SBS”), a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of MapLight Therapeutics, Inc. (“MapLight” or “the Company”) (NASDAQ: MPLT) for violations of the securities laws.

INVESTIGATION DETAILS: The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. On July 27, 2026, MapLight shares fell more than 50% in premarket trading after its Phase 2 trial reported mixed results for its schizophrenia drug candidate. According to the Company, “The 330/6 mg once-daily dose, which results in lower daily exposure than BID dosing, demonstrated numerical improvement over placebo, but did not achieve statistical significance on the primary endpoint, MapLight Therapeutics (MPLT) noted.” Based on this news, shares of MapLight opened down 65% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected]

WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Schall, Brown & Schwartz LLP

Brian Schall, Esq.,

Andrew Brown, Esq.,

David Schwartz, Esq.,

www.schallfirm.com

Office: 310-301-3335

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Class Action Lawsuit Professional Services Legal

MEDIA:

Logo
Logo
Posted on

SNDL Announces Completion of Parallel Asset Acquisition and Positions for Nasdaq-Consolidated U.S. Medical Cannabis Operations

EDMONTON, Alberta, July 27, 2026 (GLOBE NEWSWIRE) — SNDL Inc. (NASDAQ: SNDL, CSE: SNDL) (“SNDL” or the “Company”) today announced the completion of the acquisition of certain assets of Surterra Holdings, Inc. and certain of its affiliates (collectively, “Parallel”), a U.S. vertically integrated cannabis operator with state-licensed operations in Florida, Texas and Massachusetts (the “Parallel Transaction”). The Parallel Transaction was previously announced on April 29, 2026.

The Parallel Transaction was completed pursuant to a strict foreclosure agreement, by and among SH Parent, Inc., Surterra Holdings, Inc., certain of their subsidiaries and CDXX TransCo, LLC (“TransactionCo”), together with a related contribution and exchange agreement among TransactionCo and participating Parallel creditors. Through the Parallel Transaction, TransactionCo completed a consensual secured creditor foreclosure of specified equity interests and assets associated with Parallel’s operations in Florida, Texas and Massachusetts. The Parallel Transaction substantially reduces Parallel’s legacy debt burden and provides SNDL, through its Sunstream Bancorp Inc. (“Sunstream”) joint venture, with indirect majority economic exposure equivalent to ownership of 66.7% of TransactionCo’s equity and 69.4% of its debt. The Company expects to be able to convert this indirect exposure in TransactionCo and its subsidiaries into direct, consolidated holdings in the coming months, subject to applicable legal, regulatory, accounting and Nasdaq requirements, resulting in SNDL becoming one of the first Nasdaq-listed companies to have direct, consolidated exposure to U.S. medical cannabis operations. Consistent with recent public uplisting precedents, SNDL expects any adult-use or recreational exposure, including in Massachusetts, to remain deconsolidated unless and until Nasdaq, applicable law, contractual arrangements, and accounting standards permit a different treatment.

“Closing the Parallel Transaction marks the successful completion of a complex, multi-year restructuring of one of Sunstream’s largest legacy credit investments and represents a defining milestone in our strategy to become a leading vertically integrated North American cannabis company,” said Zach George, Chief Executive Officer of SNDL. “SNDL now supports a 249-store cannabis retail network, the largest in the world by store count. We believe that the operating discipline, retail expertise and lessons learned from Canada’s intensely competitive cannabis market – including navigating regulatory complexity and excessive tax rates – will serve us well as we expand in key U.S. medical cannabis markets such as Florida, Massachusetts, and Texas. Coupled with our strong balance sheet and access to capital, SNDL is uniquely positioned to pursue disciplined growth and strategic consolidation to create long-term value for shareholders.”  

Operating Platform

The operating assets acquired from Parallel include 56 retail locations and 3 cultivation and manufacturing facilities across Florida, Texas and Massachusetts. With annualized revenue of approximately US$150 million and a profitable foundation, the assets acquired from Parallel represent an attractive expansion platform following consolidation, with additional opportunities to accelerate growth and further enhance profitability. The existing footprint includes:

  • Florida: 43 dispensaries operating under the Surterra Wellness brand from a single cultivation and production facility comprising approximately 175,000 square feet.
  • Texas: 10 retail or pickup locations operating under the Goodblend brand from a single cultivation and production facility. Goodblend is one of only three active licensed operators serving Texas’ approximately 31.7 million residents, a population roughly 35% larger than Florida and more than three-quarters the size of Canada.
  • Massachusetts: 3 dispensaries operating under the New England Treatment Access (“NETA”) brand and 1 cultivation and production facility comprising approximately 19,600 square feet.

Background to the Parallel Transaction

Talladega LP (“Talledega”), a partnership, wholly owned by affiliates of Sunstream, initially provided Parallel with a US$150 million secured loan on May 7, 2021 (the “Initial Loan”), secured by a junior security interest in substantially all of Parallel’s assets and a senior security interest in Parallel’s Massachusetts-based business. Parallel subsequently defaulted on the Initial Loan and indebtedness owing under its senior secured notes. Following the default, Talladega and certain senior noteholders (the “Senior Noteholders”) provided additional financing to preserve enterprise value while Parallel pursued strategic alternatives. These financings were ultimately addressed as part of the restructuring completed through a foreclosure agreement. After an extensive marketing process that did not result in an acceptable third-party transaction, Parallel, Talladega and the Senior Noteholders pursued the strict foreclosure Parallel Transaction completed today. The Parallel Transaction converted specified pre-closing creditor claims into a combination of new debt and ownership interests in TransactionCo and its subsidiaries. The Parallel Transaction extinguished approximately US$842 million of debt obligations of Parallel and establishes a more sustainable capital structure for the acquired business.

Financial Reporting

The closing of the Parallel Transaction does not have any immediate impact on SNDL’s financial reporting, other than the acquisition of the US$29.75 million principal loan position from PE Fund LP, which was acquired at a 25% discount to par value. This investment continues to be accounted for using the equity method under International Financial Reporting Standards based on SNDL’s indirect economic exposure. A change in financial reporting will occur once SNDL is in a position to convert its current indirect exposure into a direct majority equity and debt exposure that is expected to result in operational control and the consolidation of TransactionCo’s medical business. The final accounting classification and valuation of SNDL’s future direct interests, and any resulting gain, loss, impairment or other impact on the financial statements, remain subject to the completion of the required legal and regulatory steps, and applicable accounting and valuation analyses.

Advisors

Weil, Gotshal & Manges LLP is acting as legal counsel for Sunstream and Talladega. Moelis & Company is acting as the exclusive financial advisor and investment banker to Sunstream and Talladega.

ABOUT SNDL INC.

SNDL Inc. (NASDAQ: SNDL, CSE: SNDL), through its wholly owned subsidiaries, is one of the largest vertically integrated cannabis companies and the largest private-sector liquor and cannabis retailer in Canada, with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf and Cost Cannabis. With products available in licensed cannabis retail locations nationally, SNDL’s consumer-facing cannabis brands include Top Leaf, Contraband, Palmetto, Bon Jak, La Plogue, Versus, Value Buds, Grasslands, Vacay, Pearls by Grön, No Future and Bhang Chocolate. SNDL’s investment portfolio seeks to deploy strategic capital through direct and indirect investments and partnerships throughout the North American cannabis industry. For more information, please visit www.sndl.com.

For more information:

Tomas Bottger
Investor Relations, SNDL Inc.
O: 1.587.327.2017
E: [email protected]

FORWARD-LOOKING INFORMATION

This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities laws (“forward-looking statements”), including, but not limited to statements regarding the anticipated benefits of the Parallel Transaction, Parallel’s post-closing capital structure and path toward profitability, future operations, financial condition and performance of Parallel and the acquired businesses, the ability of Sunstream or SNDL to preserve or realize value from the restructuring, the continued compliance of the Sunstream structure with applicable laws and listing requirements, the potential conversion of indirect to direct holdings in Parallel, any future path to increased economic exposure, ownership, operational integration, uplisting-related treatment or consolidation by SNDL, future investments by Sunstream, and the expected accounting treatment and financial reporting implications of the Parallel Transaction. Forward-looking statements are frequently characterized by words such as “plan,” “continue,” “expect,” “project,” “intend,” “believe,” “anticipate,” “estimate,” “likely,” “outlook,” “forecast,” “may,” “will,” “potential,” “proposed” and similar words, or statements that certain events or conditions “may” or “will” occur. These statements are predictions based on assumptions, estimates, analyses and opinions considered reasonable as of the date made, including assumptions regarding the market size, continued validity of licences and regulatory approvals, the availability of financing and liquidity, the ability of the acquired businesses to execute their operating plans and service their indebtedness, the interpretation and application of U.S. federal and state cannabis laws and the accounting and valuation of the relevant debt and equity interests and there being no negative changes in the regulatory landscape. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual events or results to differ materially. These include risks relating to the illegality of cannabis under U.S. federal law, changes in federal or state laws, regulations or enforcement priorities, the maintenance, transfer or renewal of licences, operating, integration, liquidity and financing risks, the availability of working capital, the ability of Parallel and its subsidiaries to service the post-closing senior secured term loans, the collectability, priority, enforceability and valuation of the debt interests acquired, the difference between the face amount, purchase price and fair value of the acquired debt, adverse market and competitive conditions, the ability of Parallel to achieve its business plan, disputes among stakeholders, governance and control matters, listing compliance matters, the satisfaction of conditions to any exchange, increased exposure or consolidation; and accounting and valuation determinations.   Readers should review the risk factors described in SNDL’s Annual Information Form dated March 11, 2026 and in SNDL’s other public disclosure documents filed with Canadian securities regulators and available under SNDL’s profiles on SEDAR+ at www.sedarplus.ca and with the Securities and Exchange Commission through EDGAR at www.sec.gov/edgar. In respect of the forward-looking statements and forward-looking information, SNDL have provided such statements and information in reliance on certain assumptions that they believe are reasonable at this time. SNDL believes that the assumptions and factors used in preparing the forward-looking information or forward-looking statements in this news release are reasonable, undue reliance should not be placed on such information or statements and no assurance can be given that such events will occur in the disclosed time frames or at all. Should one or more of the foregoing risks or uncertainties materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although SNDL has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The forward-looking information and forward-looking statements included in this news release are made as of the date of this news release and SNDL does not undertake any obligation to publicly update such forward-looking information or forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws.



Posted on

HTZ INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Hertz Global Holdings, Inc. Investors – Holzer & Holzer, LLC Encourages Investors With Losses to Contact the Firm 

ATLANTA, July 27, 2026 (GLOBE NEWSWIRE) — A shareholder class action lawsuit has been filed against Hertz Global Holdings, Inc. (“Hertz”) (NASDAQ: HTZ). The lawsuit alleges that Defendants made false and misleading statements and/or failed to disclose material adverse facts regarding Hertz’s business, operations, and financial condition, including allegations that: (a) Hertz’s liquidity was deteriorating far more rapidly than represented, and its available liquidity was not sufficient to fund its operations and obligations for the next twelve months without resorting to a distressed, dilutive financing; (b) the softness in the used-car market that Defendants had characterized as “isolated to the quarter” and “transitory” had in fact recurred and was materially depressing Hertz’s net depreciation per unit (“DPU”) and Adjusted Corporate EBITDA; and (c) as a result, Hertz was likely to undertake a dilutive, distressed capital raise that would materially harm existing shareholders.

If you purchased Hertz shares between May 7, 2026 and June 23, 2026, and experienced a loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at [email protected] or Marshall P. Dees, Esq. at [email protected], by toll-free telephone at (888) 508-6832, or by visiting the firm’s website at www.holzerlaw.com/case/hertz-global-holdings/ for more information. 

The deadline to ask the court to be appointed lead plaintiff in the case is September 22, 2026. 

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, 2023, and 2025, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.  

CONTACT:
Marshall P. Dees, Esq. 
(888) 508-6832 (toll-free)
[email protected]



Posted on

Berger Montague PC Investigating Claims on Behalf of EquipmentShare.com Inc. (NASDAQ: EQPT) Investors After Class Action Filing

PHILADELPHIA, July 27, 2026 (GLOBE NEWSWIRE) — National plaintiffs’ law firm Berger Montague PC announces a class action lawsuit against EquipmentShare.com Inc. (NASDAQ: EQPT) (“EquipmentShare” or the “Company”) on behalf of investors who purchased or acquired EquipmentShare securities during the period from January 19, 2026 through June 23, 2026 (the “Class Period”), including in or traceable to the Company’s January 2026 initial public offering (“IPO”).


Investor Deadline:

Investors who purchased or acquired EquipmentShare securities during the Class Period may, no later than

September 21, 2026

, seek to be appointed as a lead plaintiff representative of the class. To learn your rights,



CLICK HERE


.

EquipmentShare, headquartered in Columbia, MO, is a construction solutions company that provides equipment rental, retail, and technology-enabled fleet management services to customers across the construction industry.

According to the complaint, throughout the Class Period, including in the Registration Statement issued in connection with the Company’s January 2026 IPO, Defendants failed to disclose material information concerning the Company’s related-party transactions, including its continued dealings with entities allegedly owned or controlled by its co-founders.

The truth allegedly began to emerge on June 24, 2026, when Umibozu Research published a report alleging that EquipmentShare had engaged in undisclosed related-party transactions that generated millions of dollars for entities affiliated with the Company’s founders through its OWN program and a network of founder-affiliated entities.

Following the report, EquipmentShare’s stock price fell 6.6%, from $23.88 per share to $22.30 per share. The stock continued to decline the following day, falling an additional 11.7% to close at $19.69 per share. By the time this action was filed, EquipmentShare’s stock had traded as low as $16.06 per share, representing a decline of more than 34.5% from its $24.50 IPO price.


If you are an EquipmentShare investor and would like to learn more about this action,




CLICK HERE




or please contact Berger Montague: Andrew Abramowitz at




[email protected]




or (215) 875-3015, or Caitlin Adorni at




[email protected]




or (267) 764-4865.

About Berger Montague

Berger Montague is one of the nation’s preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.

For more information or to discuss your rights, please contact:

Andrew Abramowitz

Berger Montague
(215) 875-3015
[email protected]

Caitlin Adorni

Berger Montague
(267) 764-4865
[email protected]



Posted on

ALHC INVESTOR ALERT: Holzer & Holzer, LLC Announces Investigation of Alignment Healthcare, Inc.

ATLANTA, July 27, 2026 (GLOBE NEWSWIRE) — Holzer & Holzer, LLC is investigating whether Alignment Healthcare, Inc. (“Alignment” or the “Company”) (NASDAQ: ALHC) complied with federal securities laws. On July 7, 2026, a former executive of Alignment filed a lawsuit against the Company alleging he was retaliated against after “he discovered and internally reported that the Company had materially misclassified, and continued to misclassify, millions of dollars in operating expenses (“OpEx”) as capital expenditures (“CapEx”).” The price of the Company’s stock dropped following this news.

If you purchased Alignment stock and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, Esq. at [email protected] or Joshua Karr, Esq. at [email protected], call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/alignment-healthcare/ to discuss your legal rights.

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, 2023, and 2025, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.  

CONTACT:
Corey Holzer, Esq. 
(888) 508-6832 (toll-free)
[email protected]