Market Newsdesk

Cambodia, Dec. 29, 2025 (GLOBE NEWSWIRE) — Kandal M Venture Limited (Nasdaq: FMFC) (“Kandal” or the “Company”), a contract manufacturer of affordable luxury leather goods with manufacturing operations in Cambodia, today announced it has received a letter of noncompliance from The Nasdaq Stock Market LLC (“Nasdaq”), dated December 22, 2025, notifying the Company that based on Kandal’s closing bid price for the last 30 consecutive business days, the Company no longer meets the continued listing requirement of Nasdaq, under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share.

However, pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days in which to regain compliance. If at any time during this 180-day period the closing bid price of the Company’s security is at least $1 for a minimum of ten consecutive business days, Nasdaq will provide Kandal with written confirmation of compliance and this matter will be closed.

In the event the Company does not regain compliance, Kandal may be eligible for additional time.

To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary.

If the Kandal meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days. However, if it appears to Nasdaq that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that its securities will be subject to delisting.

The Nasdaq notification letter does not result in the immediate delisting of the Company’s class A ordinary shares, and the said shares will continue to trade uninterrupted under the symbol “FMFC.”

Kandal is currently evaluating options to regain compliance and intends to timely regain compliance with Nasdaq’s continued listing requirement. Although Kandal will use all reasonable efforts to achieve compliance with Rule 5550(a)(2), there can be no assurance that the Company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq continued listing requirement.

About Kandal M Venture Limited

Kandal M Venture Limited is a contract manufacturer of affordable luxury leather goods with its manufacturing operations in Cambodia. It primarily manufactures handbags, such as shoulder bags, crossbody bags, tote bags, backpacks, top-handle handbags, satchels, and other smaller leather goods, such as wallets.

For more information, please visit the Company’s website at www.kandalmv.com.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. The Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to read the risk factors contained in the Company’s final prospectus and other reports it files with the Securities and Exchange Commission before making any investment decisions regarding the Company’s securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

Contacts:

Company:

Kandal M Venture Limited Investor Relations Contact:
Padachi Village, Prek Ho Commune, Takhmao Town, Kandal Province,
Kingdom of Cambodia
Email: [email protected]
Telephone: +855 23425205

Investor Relations Contact:

Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: +1 (646) 893-5835 x2
Email: [email protected]
Website: www.skylineccg.com

Lima, Dec. 29, 2025 (GLOBE NEWSWIRE) — Lima, PERU, December 29, 2025 – Credicorp Ltd. (“Credicorp”) (NYSE: BAP | BVL: BAP), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia, Panama and United States of America, today announced that its subsidiary Banco de Crédito del Perú (“BCP”) has entered into an agreement to acquire 100% of the issued and outstanding shares of Helm Bank USA (“Helm Bank”) for USD 180 million, subject to  customary price adjustment at closing.

Helm Bank, a Florida state-chartered community bank, had USD 1.1 billion in assets and USD 106.8 million in shareholders’ equity as of September 30, 2025. We believe that the transaction strengthens Credicorp’s strategy to enhance its cross-border capabilities by serving internationally active clients and bolsters its ability to meet the growing needs of Latin American clients, while preserving Helm Bank’s legacy as a community-focused institution.

“This acquisition allows us to deepen our ability to serve Latin Americans whose financial lives span both their home countries and the United States,” said Gianfranco Ferrari, CEO of Credicorp.  “We believe that Helm Bank’s legacy as a community-focused institution combined with its expertise in serving international clients, aligns perfectly with our strategy.  We look forward to strengthening that role and enhancing its capabilities within our broader ecosystem.”

 “Partnering with Credicorp is a natural evolution for Helm Bank,” said Mark Crisp, President and CEO of Helm Bank. “Credicorp’s financial strength, trusted reputation, and client‑centric philosophy provide a solid foundation for our next chapter.  Together, we are well-positioned to expand our impact and deliver greater value to the communities we serve, both in the United States and across Latin America.”

The completion and closing of the transaction are subject to customary closing conditions, including regulatory approvals in the United States and Peru.

About Credicorp

Credicorp (NYSE: BAP) is the leading financial services holding company in Peru with presence in Chile, Colombia, Bolivia, and Panama and United States. Credicorp has a diversified business portfolio organized into four lines of business (“LoBs”): Universal Banking, through BCP and Banco de Crédito de Bolivia; Microfinance, through Mibanco in Peru and Colombia; Insurance & Pension Funds, through Grupo Pacifico and Prima AFP; and Investment Management & Advisory, through Credicorp Capital, Wealth Management at BCP and ASB Bank Corp. Additionally, it complements its operations through Krealo, its Corporate Venture Capital arm.

About Banco de Crédito del Perú

Banco de Crédito del Perú is the leading financial institution in Peru and a subsidiary of Credicorp. With over 18 million clients and a nationwide network, BCP offers a full range of banking solutions for individuals, businesses, and corporations. The bank also operates internationally through BCP Miami Agency, reinforcing its regional presence. Committed to innovation and sustainability, BCP leads Peru’s digital banking transformation through platforms such as Yape, while promoting financial inclusion and responsible practices.

About Helm Bank USA

Helm Bank USA, founded in 1989, is a Florida state-chartered community bank authorized to operate in the State of Florida by the Florida Office of Financial Regulation (OFR), and is supervised by the OFR and is a Member of the Federal Deposit Insurance Corporation (FDIC), which insures its customers’ deposits. As of the end of September 2025, Helm Bank USA had a loan portfolio of USD648.2 million, total assets of USD1,141.8 million and shareholders’ equity of USD 106.8 million.

Cautionary Note Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and are made in reliance upon the protections provided by such Acts for forward-looking statements. These statements are based on current expectations of future events. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Credicorp. Risks and uncertainties include, but are not limited to: the risk that Helm Bank USA’s loan portfolio may perform differently than expected, the risk that regulatory approvals may be delayed, conditioned or not obtained, changes in interest rates and funding costs, challenges in integrating systems, operations, and personal, including unforeseen costs and expenses, the ability of the combined company to meet capital and liquidity requirements, and adverse changes in economic or market conditions, particularly in the geographic markets served by Helm Bank USA.

We refer you to “Item 3. Key Information—3.D. Risk Factors” in our most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission for other such factors.   The forward-looking statements in this document speak only as at the date of this document. Credicorp does not undertake any obligation to update or revise forward-looking statements in this corporate release, nor to confirm such statements to reflect subsequent events or circumstances after the date of the release, presentation or in relation to actual results, unless otherwise required by applicable law or applicable stock exchange regulations.

For further information please contact the IR team:

[email protected]

Investor Relations

Credicorp Ltd.

ARLINGTON, Va., Dec. 30, 2025 (GLOBE NEWSWIRE) — OBOOK Holdings Inc. (NASDAQ: OWLS) (the “Company” or “OwlTing”), a blockchain technology company operating as the OwlTing Group, today announced its unaudited financial results for the first half of 2025 ended June 30, 2025. The Company also highlighted the near completion of its core global payment infrastructure and progress toward enterprise-scale stablecoin payment activation beginning in 2026.

First Half 2025 Operational and Financial Highlights

• 2025 marked a pivotal transition year for OwlTing, representing the near completion of the core global payment infrastructure, including regulatory, settlement, processing capacity, and compliance capabilities required to support enterprise-scale stablecoin payments.
   
• With the infrastructure now largely in place and early enterprise customers already onboarded, OwlTing is supporting multi-billion-dollar monthly transaction capacity across qualified counterparties that have completed API integration and compliance onboarding. This represents transaction capacity rather than contracted revenue, and monetization is expected to scale as corridors and regulatory coverage expand.
   
• OwlTing’s established and legacy businesses remained a solid foundation of the Company during this transition, continuing to perform well while supporting overall stability as the infrastructure build-out was completed.
   
• Payment services revenue increased by 16%, driven by the Company’s traditional payment gateway business, with Gross Payment Volume¹ exceeding US$110 million and Active Accounts² of more than 4,100 customers, demonstrating continued scale and customer engagement.
   
• OwlNest revenue grew approximately 20%, supported by a subscriber base of over 2,700 OwlNest Subscribers³, reflecting sustained demand for our hospitality and merchant service offerings.

• OwlTing is positioned to enter an activation phase beginning in 2026, with scalability and operating leverage expected to become increasingly evident as transaction volumes grow and payment mix shifts toward infrastructure-led settlement.

Management Commentary

“We view the first half of 2025 as a transition period where we prioritized system completion over near-term revenue optimization,” commented Darren Wang, Founder & CEO at OwlTing Group. “We are seeing enterprise customers move from pilots toward production integration, and we are expanding the regulatory and corridor access required to scale stablecoin and tokenized-asset settlement in a compliant manner. In infrastructure businesses, capacity precedes monetization, and we believe the foundation we have put in place positions us well for an activation phase beginning in 2026.”

“Our first-half results reflect disciplined cost control while completing a major infrastructure transition. Excluding non-recurring listing-related expenses, our core expense base remained stable as we continued investing in scalability and compliance,” stated Winnie Lin, CFO at OwlTing Group. “As utilization increases, we expect the economics to improve meaningfully given a largely fixed cost base and declining marginal costs on our settlement stack. Our liquidity and capital resources provide flexibility to support global expansion and ongoing product development, while positioning the Company to capture significant operating leverage as infrastructure utilization scales.”

First Half 2025 Financial Results

Revenue


Total revenue was US$3.84 million in the first half of 2025, compared to US$3.61 million in the same period of 2024. Revenue performance during the period should be viewed in the context of a transition year, during which the Company intentionally prioritized the completion of its core payment infrastructure over short-term revenue acceleration.

Management focused on advancing regulatory readiness, settlement capabilities, processing capacity, and compliance systems required to support enterprise-scale operations. As a result, reported revenue reflects a deliberate investment phase and does not yet capture the full earning potential of the infrastructure that has now largely been completed.

Within this context, the Company’s core revenue streams continued to demonstrate resilience, providing a stable foundation during the transition while positioning the business for improved scalability and operating leverage.

• Revenue from payment services increased 16.0% to US$2.17 million in the first half of 2025, compared to US$1.87 million in the same period last year, driven by higher gross payment volumes and an expanding customer base across core markets. Payment services contributed 56.4% of total revenue in the first half of 2025 compared to 51.8% in the prior-year period, reflecting the continued strength of the Company’s payment operations during the transition year.
   
• Revenue from hospitality services increased to US$1.39 million in the first half of 2025 from US$1.35 million in the same period last year. Performance was supported by continued growth in hospitality-related software services, primarily driven by OwlNest property management system subscription fees, reflecting ongoing adoption and contract renewals. This growth was partially offset by lower activity in hospitality platform services, which experienced modest softness due to shifts in regional travel patterns.
   
• Revenue from the e-commerce platform declined to US$288 thousand in the first half of 2025 from US$382 thousand in the same period last year. The decrease reflects the Company’s strategic reallocation of internal resources toward higher-growth business lines, particularly its payment infrastructure platform, which resulted in reduced operating focus and lower revenue from the e-commerce segment.

Cost of Revenue


Cost of revenue in the first half of 2025 was US$3.36 million compared to US$3.07 million in the same period last year, primarily reflecting a higher contribution from traditional payment gateway services, which carry a lower gross margin profile due to third-party processing costs. Management views this cost structure as transitional as the revenue mix continues to evolve.

Gross Profit


Gross profit in the first half of 2025 was US$480 thousand compared to US$540 thousand in the same period last year. Gross margin declined to 12.5%, from 15.0% in the first half of 2024, primarily reflecting the cost structure associated with traditional third-party payment channels. As the Company completes its transition toward proprietary, stablecoin-native settlement infrastructure, management expects marginal transaction costs to decline meaningfully.

The infrastructure model is characterized by a largely fixed cost base, with incremental transaction volume expected to convert to margin at a significantly higher rate over time. Accordingly, management views current margin levels as transitional rather than structural and expects margin expansion as infrastructure activation increases.

Operating Expenses


Operating expenses totaled US$6.79 million in the first half of 2025, compared with US$4.71 million in the same period last year. The year-over-year increase was primarily driven by one-time public listing-related expenses and professional services fees associated with the Company’s Nasdaq listing and related regulatory requirements. Excluding these non-recurring items, core operating expenses remained broadly consistent with prior periods, reflecting continued cost discipline across sales, product development, and administrative functions.

• Marketing and sales expenses decreased by 21.2% to US$0.95 million in the first half of 2025 from US$1.21 million in the same period last year, mainly driven by lower labor-related costs. As a percentage of total revenue, marketing and sales expenses decreased to 24.7% in the first half of 2025 from 33.4% in the same period last year, reflecting enhanced operational efficiency and improved return on customer acquisition spend.
   
• General and administrative expenses increased to US$4.53 million in the first half of 2025 from US$2.30 million in the same period last year. The increase was primarily driven by non-recurring legal, audit, and professional services fees incurred in connection with the Company’s U.S. public listing. In addition, the Company incurred higher office rental expenses, reflecting broader infrastructure scaling to support international operations.
   
• Research and development expenses increased to US$1.31 million or 34.1% of total revenue in the first half of 2025 from US$1.20 million or 33.2% of total revenue in the same period last year. The increase reflects the Company’s continued investment in enhancing platform scalability, fortifying information security architecture, and expanding its proprietary cloud-based infrastructure. These initiatives are aligned with the Company’s long-term strategy to drive product innovation and ensure a secure, high-performance environment for enterprise clients.

Net Loss


Net loss narrowed by 27.0% to US$3.91 million in the first half of 2025 from US$5.35 million in the same period last year. The year-over-year improvement was primarily attributable to increased revenue and reduced marketing and sales spend, which helped offset elevated one-time listing-related expenses. Foreign exchange movements had a modest positive impact on the Company’s Taiwan-based cost structure; however, these gains were partially offset at the consolidated level due to currency fluctuations in other markets.

Liquidity and Capital Resources


Operating cash outflows totaled US$1.29 million in the first half of 2025, a significant improvement from US$4.45 million in the same period of 2024. The reduction in cash usage was primarily driven by stronger revenue performance and enhanced cost efficiencies, which together reduced the Company’s operating cash requirements during the period.

During our pre-listing financing rounds in 2025, we raised approximately US$20 million in total capital through a combination of equity financings and SAFE instruments, of which approximately US$14 million was completed in the second half of the year.

As of June 30, 2025, the Company maintained a solid liquidity and capital position, underpinned by prudent working capital management and disciplined capital expenditure. Management believes that existing cash reserves, together with anticipated operating cash flows, are sufficient to support ongoing operational needs and planned strategic investments. The Company also remains open to strategic capital opportunities that could accelerate expansion in 2026, subject to market conditions.

Business Outlook

For the remainder of 2025, OwlTing remains focused on fully operationalizing the infrastructure investments made across regulatory coverage, settlement capabilities, processing capacity, and compliance frameworks. Management expects continued progress in enterprise onboarding and corridor readiness, with monetization expected to scale as utilization increases over time.

Looking ahead, the Company believes that the infrastructure completed during this transition year positions OwlTing for more efficient scaling as payment-related offerings gain broader enterprise adoption. As utilization of the platform increases, management expects operating leverage to become more visible, supported by a largely fixed infrastructure cost base and an improving revenue mix.

Share Repurchase Program

On November 26, 2025, the Company announced that its Board of Directors authorized a share repurchase program of up to US$10 million of the Company’s Class A common stock. The repurchase program, effective for nine months, reflects the Board’s view that the repurchase authorization provides flexibility in capital allocation as the Company executes its long-term infrastructure strategy and evaluates near-term catalysts across its payment technology pipeline. Under the authorization, OwlTing may repurchase shares from time to time in the open market or through other methods permitted under applicable law, including pursuant to a Rule 10b5-1 trading plan, in accordance with applicable securities laws and Rule 10b-18 under the U.S. Securities Exchange Act of 1934. The Company is not obligated to repurchase any specific number of shares, and the program may be modified, suspended, or terminated at any time based on market conditions, corporate needs, or other factors deemed relevant by the Company.

Recent Developments

• Nasdaq Listing
  
  On October 16, 2025, the Company announced the successful direct listing of its Class A common shares on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “OWLS”. As Asia’s first fintech company to achieve a direct listing on Nasdaq with its Class A common shares, OBOOK believes that this direct listing marks a significant step forward for the region’s technology and financial innovation landscape. Sullivan & Cromwell LLP acted as U.S. counsel to the Company. D. Boral Capital LLC acted as financial advisor to the Company in connection with this direct listing, and Sichenzia Ross Ference Carmel LLP acted as U.S. counsel to D. Boral Capital LLC. KPMG acted as the Company’s independent auditor.

• Expands U.S. Regulatory Footprint
  
  Following its successful Nasdaq direct listing, the Company achieved an additional regulatory milestone with the approval of money transmitter licenses or the equivalent in Washington, Kansas, North Carolina, and New Mexico, expanding its fund operations coverage to 40 U.S. states. The Washington State license was obtained following a multi-year regulatory review process, further strengthening OwlTing’s U.S. regulatory footprint and supporting its strategy to develop a fully regulated stablecoin infrastructure for global commerce through its OwlPay platform.

  In parallel, the Company continues to advance licensing and regulatory authorization efforts in the European Union, Japan, Hong Kong, Singapore, and the Latin American region. Supported by a comprehensive compliance framework, including rigorous KYC/AML controls and end-to-end transaction transparency, OwlTing seeks to support financial institutions, fintech companies, and global merchants in the adoption of stablecoin-based payment solutions in a compliant and scalable manner.

• Integration into the Circle Payment Network (CPN)
  
  On December 4, 2025, the Company announced the successful integration of its OwlPay platform into the Circle Payments Network (CPN), a global stablecoin settlement rail developed by Circle Technology Services, LLC. As one of the first Asia-based financial institutions to join CPN, OwlTing now enables near-instant, compliant stablecoin transactions across a growing set of high-value corridors, including Latin America, Africa, and the European Union, via its OwlPay Wallet Pro platform. This development enhances the Company’s ability to deliver low-cost, real-time cross-border payment services and supports its broader strategy to expand reach in the US$194 trillion global payments market. With operational coverage across 40 U.S. states supported by applicable regulatory licenses, OwlTing continues to strengthen its position as a trusted global stablecoin infrastructure provider.

• Collaboration with Visa to Launch OwlPay Cash App for Remittances
  
  On December 9, 2025, OwlTing announced the upcoming launch of OwlPay Cash, a mobile-first remittance application developed in collaboration with Visa. Powered by Visa Direct and supported by Cross River Bank for U.S. settlement, OwlPay Cash allows users in the United States to send funds directly to bank accounts in 26 countries, including key remittance corridors across Latin America, Asia, and Europe. The app combines global reach, cost efficiency, and a user-friendly experience to address longstanding challenges in cross-border money transfers. OwlPay Cash enables real-time payouts in local currencies with no monthly fees and up to 70% lower transaction costs than traditional SWIFT-based methods. The product expands OwlTing’s reach in fiat-based payments while reinforcing the Company’s strategy to build trusted, compliance-led global payment infrastructure.

Conference Call Information

The Company’s management team will host a conference call at 5:00 P.M. Eastern Time on Monday, December 29, 2025, to discuss the financial results and recent business developments. Details of the webcast are as follows:

Date and time: 5:00 P.M. Eastern Time on December 29, 2025

Webcast link:

https://events.zoom.us/ev/AhnregDWeb3i67zc747Ez5p6RrrIdiYhh66vkYA6JsXo7-L_XTeX~AhUjxiXFm5ghdisNg_RrzcUOBG–cAfm9zX1tIFH0v0RcgemGEAESHb2_Q

A live and archived webcast of the conference call will be available on the Company’s Investor Relations website at https://investors.owlting.com/.

_______________________

¹ Gross Payment Volume, or GPV, is defined as the total value of transactions processed through the Company’s payment services, including via its payment gateway services, fiat currency cross-border remittances, foreign exchange for fiat currency (as standalone transactions not involving fund transfers) and stablecoins solutions (including on/off-ramp services and cross-chain transactions), and further net of transaction reversals.
² An Active Account is defined as an account registered on the Company’s payment platforms that has completed at least one transaction on its payment platforms within the past 12 months. A unique individual or business user may register on the Company’s platforms to access different services and may register more than one account to access a service.
³ An OwlNest Subscriber is defined as a customer with an active, paid OwlNest subscription as of the end of the applicable reporting period. The Company treats each customer account that has a corresponding contract as a unique OwlNest Subscriber, and a single organization with multiple branches may be counted as multiple OwlNest Subscribers.

About OBOOK Holdings Inc. (OwlTing Group; NASDAQ: OWLS)

OBOOK Holdings Inc. (NASDAQ: OWLS) is a blockchain technology company operating as the OwlTing Group. The Company was founded and is headquartered in Taiwan, with subsidiaries in the United States, Japan, Poland, Singapore, Hong Kong, Thailand, and Malaysia. The Company operates a diversified ecosystem across payments, hospitality, and e-commerce. In 2025, according to CB Insights statistics, OwlTing was ranked among the top 2 global players in the “Enterprise & B2B” category of the digital currency market map. The Company’s mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. To this end, the Company introduced OwlPay, a Web2 and Web3 hybrid payment solution, to empower global businesses to operate confidently in the expanding digital currency economy. For more information, visit https://www.owlting.com/portal/?lang=en.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These statements are based on the current expectations, estimates, and projections of management about the Company’s operations, industry trends, regulatory developments, and other factors, and are not guarantees of future performance. Words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “may,” “will,” “should,” and similar expressions are intended to identify forward-looking statements.

Forward-looking statements include, but are not limited to, statements regarding the Company’s future financial and operating performance, revenue outlook, product development initiatives, regulatory licensing, partnerships, market expansion, capital resources, and strategic priorities. These statements involve known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including those described under the sections titled “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and other disclosures contained in the Company’s prospectus and other filings with the U.S. Securities and Exchange Commission (SEC).

The forward-looking statements in this press release speak only as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. You should not place undue reliance on these statements. Additional information regarding the Company and its filings with the SEC may be found at www.sec.gov.

For investor and media enquiries, please contact:
OBOOK Holdings Inc. Investor Relations Henry Fan, Investor Relations Director [email protected]	OBOOK Holdings Inc. Media Relations Michael Hsu, Public Relations Director [email protected]
The Blueshirt Group, Investor Relations Jack Wang, Managing Director [email protected]

OBOOK HOLDINGS INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements of Financial Position
June 30, 2025 and December 31, 2024
(Expressed in U.S. Dollars)
	June 30, 2025			December 31, 2024
Assets
Current assets:
Cash	$	5,914,077		4,511,377
Restricted cash		2,240,942		4,210,381
Accounts receivable		451,920		299,359
Other receivables		266,917		51,834
Current tax assets		4,475		21,174
Prepayment		325,271		2,135,731
Other financial assets – current		6,046,865		5,397,240
Other current assets		140,868		160,844
Total current assets		15,391,335		16,787,940
Non-current assets:
Property, plant and equipment		1,011,967		366,350
Right-of use assets		4,450,467		4,556,692
Other intangible assets		388,809		391,737
Goodwill		287,285		287,285
Other financial assets – non-current		734,259		721,346
Other non-current assets		12,025		209,316
Total non-current assets		6,884,812		6,532,726
Total assets	$	22,276,147		23,320,666
Liabilities and Equity
Current liabilities:
Contract liabilities – current		1,979,705		1,735,806
Accounts payable		1,804,910		1,687,449
Other payables		2,021,488		2,053,402
Other payables to related parties		1,826,593		1,723,390
Current tax liabilities		7,144		3,909
Current provisions		76,868		68,944
Lease liabilities – current		1,384,814		1,177,303
Long-term borrowings, current potion		375,360		332,974
Current preference share liabilities		406,366		406,366
Other current liabilities – receipts under custody		12,009,203		11,854,693
Other current liabilities		162,677		111,754
Total current liabilities		22,055,128		21,155,990

OBOOK HOLDINGS INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements of Financial Position
June 30, 2025 and December 31, 2024
(Expressed in U.S. Dollars)
	June 30, 2025				December 31, 2024
Non-current liabilities:
Non-current financial liabilities at fair value through profit or loss		2,558,815				–
Long-term borrowings		713,915				800,913
Lease liabilities – non-current		3,596,779				3,789,208
Non-current preference share liabilities		1,370,171				1,569,999
Other non – current liabilities		309,409				299,136
Total non-current liabilities		8,549,089				6,459,256
Total liabilities		30,604,217				27,615,246
Equity attributable to owners of parent:
Share capital		80,866				80,866
Advance receipts for share capital		4,959,000				2,000,000
Capital surplus		51,678,353				51,678,353
Accumulated deficit		(64,521,215	)			(60,612,910	)
Other equity		(528,161	)			2,555,649
Equity attributable to owners of the parent		(8,331,157	)			(4,298,042	)
Non-controlling interest		3,087				3,462
Total Equity		(8,328,070	)			(4,294,580	)
Total liabilities and equity	$	22,276,147			$	23,320,666

OBOOK HOLDINGS INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements of Profit or Loss and Other Comprehensive Income (Loss)
For the six months ended June 30, 2025 and 2024
(Expressed in U.S. Dollars)
	For the six months ended June 30
		2025			2024
Revenue	$	3,840,984			3,606,514
Costs of revenue		(3,360,935	)		(3,066,758	)
Gross profit		480,049			539,756
Operating expenses:
Marketing and sales		(954,260	)		(1,209,732	)
General and administrative		(4,524,458	)		(2,300,142	)
Research and development		(1,312,137	)		(1,199,116	)
Total operating expenses		(6,790,855	)		(4,708,990	)
Net operating loss		(6,310,806	)		(4,169,234	)
Non-operating income and expense:
Interest income		25,113			34,389
Foreign currency exchange gains		2,473,289			515
Foreign currency exchange losses		(1,144	)		(937,037	)
Loss on financial liabilities at fair value through profit or loss		(8,815	)		(259,418	)
Other losses		(3,288	)		(9,087	)
Other income		48,509			33,805
Finance costs		(125,513	)		(55,380	)
Total non-operating income and expenses		2,408,151			(1,192,213	)
Loss before tax		(3,902,655	)		(5,361,447	)
Income tax (expense) benefit		(6,098	)		8,254
Net loss		(3,908,753	)		(5,353,193	)
Other comprehensive income (loss):
Components of other comprehensive income (loss) that will be reclassified to profit or loss
Exchange differences on translation of foreign financial statements		(3,083,737	)		1,163,596
Income tax related to components of other comprehensive income (loss) that will be reclassified to profit or loss		–			–
Components of other comprehensive income (loss) that will be reclassified to loss		(3,083,737	)		1,163,596
Other comprehensive income (loss)		(3,083,737	)		1,163,596
Total comprehensive loss	$	(6,992,490	)		(4,189,597	)
Loss attributable to:
Owners of the parent	$	(3,908,305	)		(5,352,018	)
Non-controlling interests		(448	)		(1,175	)
	$	(3,908,753	)		(5,353,193	)
Total comprehensive loss attributable to:
Owners of the parent	$	(6,992,115	)		(4,188,266	)
Non-controlling interests		(375	)		(1,331	)
	$	(6,992,490	)		(4,189,597	)
Loss per share
Basic and diluted loss per share	$	(0.05	)		(0.07	)

OBOOK HOLDINGS INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements of Changes in Equity
For the six months ended June 30, 2025 and 2024
(Expressed in U.S. Dollars)
	Equity attributable to owners of parent
	Share capital													Other equity
	Ordinary  shares				Capital collected in advance			Capital surplus			Accumulated deficit			Exchange differences on translation of foreign financial statements			Total				Non-controlling interest				Total equity
Balance at January 1, 2024	$	78,079			10,920,349			31,971,625			(50,590,502	)		1,233,711			(6,386,738	)			5,988				(6,380,750		)
Net Loss for the period		–			–			–			(5,352,018	)		–			(5,352,018	)			(1,175	)			(5,353,193		)
Other comprehensive income (loss) for the period		–			–			–			–			1,163,752			1,163,752				(156	)			1,163,596
Total comprehensive income (loss) for the period		–			–			–			(5,352,018	)		1,163,752			(4,188,266	)			(1,331	)			(4,189,597		)
Advance receipts for share capital		–			7,170,000			–			–			–			7,170,000				–				7,170,000
Capital increase in cash		1,651			(10,784,290	)		10,782,639			–			–			–				–				–
Cancellation of share capital		(275	)		–			(247,225	)		247,500			–			–				–				–
Conversion of simple agreement for future equity		–			1,866,666			–			–			–			1,866,666				–				1,866,666
Balance at June 30, 2024		79,455			9,172,725			42,507,039			(55,695,020	)		2,397,463			(1,538,338	)			4,657				(1,533,681		)
Balance at January 1, 2025		80,866			2,000,000			51,678,353			(60,612,910	)		2,555,649			(4,298,042	)			3,462				(4,294,580		)
Net Loss for the period		–			–			–			(3,908,305	)		–			(3,908,305	)			(448	)			(3,908,753		)
Other comprehensive income (loss) for the period		–			–			–			–			(3,083,810	)		(3,083,810	)			73				(3,083,737		)
Total comprehensive income (loss) for the period		–			–			–			(3,908,305	)		(3,083,810	)		(6,992,115	)			(375	)			(6,992,490		)
Advance receipts for share capital		–			2,959,000			–			–			–			2,959,000				–				2,959,000
Balance at June 30, 2025	$	80,866			4,959,000			51,678,353			(64,521,215	)		(528,161	)		(8,331,157	)			3,087				(8,328,070		)

OBOOK HOLDINGS INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements of Cash Flows
For the six months ended June 30, 2025 and 2024
(Expressed in U.S. Dollars)
	For the six months ended June 30
		2025			2024
Cash flows used in operating activities:
Loss for the year	$	(3,908,753	)		(5,353,193	)
Adjustments for:
Depreciation expense		689,281			453,439
Amortization expense		47,247			43,834
Loss on financial liabilities at fair value through profit or loss		8,815			259,418
Impairment loss (reversal) on intangible assets		1,325			(120	)
Impairment loss on property, plant and equipment		860			5,670
Finance costs		125,513			55,380
Interest income		(25,113	)		(34,389	)
Government subsidy income		(76	)		(76	)
Profit from lease modification		–			(537	)
Income tax expense (benefit)		6,098			(8,254	)
		(3,054,803	)		(4,578,828	)
Change in operating assets and liabilities:
Decrease in notes receivable		–			4,025
Decrease (increase) in accounts receivable		(152,560	)		10,971
Decrease (increase) in other receivables		(215,083	)		7,988
Decrease (increase) in prepayment		1,810,460			(833,295	)
Decrease in other current assets		19,976			71,382
Decrease in other non-current assets		–			490
Increase in contract liabilities		243,899			422,023
Increase (decrease) in accounts payable		117,461			(169,514	)
Increase (decrease) in other payables		(38,814	)		660,555
Decrease in other payables from related parties		(9,833	)		(17,034	)
Increase (decrease) in provisions		7,924			(2,907	)
Increase (decrease) in other current liabilities		50,923			(18,668	)
Cash used in operations		(1,220,450	)		(4,442,812	)
Interest received		25,113			34,389
Interest paid		(111,419	)		(34,683	)
Income taxes refunded (paid)		14,819			(2,748	)
Net cash flows used in operating activities		(1,291,937	)		(4,445,854	)
Cash flows used in investing activities:
Acquisition of property, plant and equipment		(403,479	)		(90,177	)
Acquisition of intangible assets		(19,716	)		(41,137	)
Increase in guarantee deposits paid		(7,555	)		(213,466	)
Decrease in guarantee deposits paid		84,560			32,745
Prepaid equipment costs		(7,424	)		(10,072	)
Net cash flows used in investing activities		(353,614	)		(322,107	)

OBOOK HOLDINGS INC. AND SUBSIDIARIES
Unaudited Condensed Consolidated Statements of Cash Flows
For the six months ended June 30, 2025 and 2024
(Expressed in U.S. Dollars)
	For the six months ended June 30
		2025			2024
Cash flows from financing activities:
Repayment of long-term borrowings		(172,235	)		(208,099	)
Repayment of preference share liabilities		(203,184	)		–
Repayments of installment payables		(7,880	)		–
Increase (decrease) in other payables from related parties		113,035			(122,711	)
Increase (decrease) in other current liabilities – receipts under custody		(495,115	)		636,672
Increase in guarantee deposits received		4,121			16,669
Decrease in guarantee deposits received		(3,434	)		(4,290	)
Advance receipts for share capital		2,959,000			7,170,000
Payment of lease liabilities		(571,605	)		(410,511	)
Proceeds from non-current financial liabilities at fair value through profit or loss		2,550,000			–
Payment of non-current financial liabilities at fair value through profit or loss		–			(100,000	)
Net cash flows from financing activities		4,172,703			6,977,730
Effect of exchange rate changes on cash and restricted cash		(3,093,891	)		1,151,221
Net increase (decrease) in cash and restricted cash		(566,739	)		3,360,990
Cash and restricted cash at beginning of year		8,721,758			7,997,008
Cash and restricted cash at end of year	$	8,155,019			11,357,998

DALLAS, Dec. 29, 2025 (GLOBE NEWSWIRE) — Applied Digital (NASDAQ: APLD), a designer, builder, and operator of high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking and blockchain workloads, and EKSO Bionics Holdings, Inc. (Nasdaq: EKSO) (“EKSO”) announced today that Applied Digital and EKSO entered into a non-binding term sheet for a proposed business combination of Applied Digital’s cloud computing business, Applied Digital Cloud, with EKSO, which, once closed, will go forward as ChronoScale Corporation, an accelerated compute platform purpose-built to support artificial intelligence (“AI”) workloads (the “Proposed Transaction”). As enterprise and AI-native demand for GPU-accelerated cloud infrastructure continues to grow rapidly, the Proposed Transaction is intended to create a focused platform designed to deliver high-performance compute at scale in a capacity-constrained market.

By separating the accelerated compute platform from Applied Digital’s data center ownership and development business, the Proposed Transaction will allow each business to scale independently, pursue distinct growth trajectories, and operate with greater strategic and capital flexibility. ChronoScale is being designed for customers who require predictable performance, infrastructure control, and rapid deployment without the tradeoffs of generic cloud environments. The ChronoScale platform is expected to leverage the mature Applied Digital Cloud business to rapidly deploy and scale next-generation GPU-based compute infrastructure optimized for advanced AI training and inference workloads requiring dense, reliable, and efficiently delivered accelerated compute.

Upon closing of the Proposed Transaction, Applied Digital would own approximately 97% of the combined company, which will operate under the name ChronoScale. The Applied Digital Cloud and EKSO businesses would continue to operate upon consummation of the Proposed Transaction, and EKSO plans to continue to explore strategic transactions for the possible sale of all or substantially all of EKSO’s current business.

“This Proposed Transaction emanates from our previously announced initiative to evaluate and explore strategic alternatives,” commented Scott Davis, EKSO’s Chief Executive Officer. “We approached our review thoughtfully and with an aim to maximize shareholder value, and we believe the Proposed Transaction has the potential to achieve that goal and that the Proposed Transaction is in the best interest of EKSO’s stakeholders.”

“ChronoScale is intended to bring together a proven operating platform and a clear mandate: deliver accelerated compute at scale for the most demanding AI workloads,” said Wes Cummins, Chairman and Chief Executive Officer of Applied Digital. “As AI workloads continue to reshape the digital economy and intensify, infrastructure must be purpose-built, not generalized — and ChronoScale’s design is intended to meet these requirements.”

Applied Digital Cloud was among the first platforms to deploy NVIDIA’s H100 GPUs at scale in 2023, demonstrating its ability to source, integrate, and operate next-generation GPU infrastructure ahead of broader market adoption. The business generated a twelve-month revenue of approximately $75.2 million as of August 31, 2025, reflecting strong, growing demand from enterprise and AI-native customers for dedicated accelerated compute delivered through cloud-based platforms.

ChronoScale is also expected to benefit from the strategic alignment with Applied Digital’s expanding portfolio of purpose-built AI factory campuses, providing advantaged access to infrastructure that accelerates deployment timelines and aims to reduce execution risks as GPU demand continues to scale.

The Proposed Transaction is expected to close in the first half of 2026, subject to the completion of customary due diligence, execution of final binding documents, customary regulatory and shareholder approvals, and satisfaction of closing conditions.

About Applied Digital

Applied Digital (Nasdaq: APLD) named Best Data Center in the Americas 2025 by Datacloud — designs, builds, and operates high-performance, sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads. Headquartered in Dallas, TX, and founded in 2021, the company combines hyperscale expertise, proprietary waterless cooling, and rapid deployment capabilities to deliver secure, scalable compute at industry-leading speed and efficiency, while creating economic opportunities in underserved communities through its award-winning Polaris Forge AI Factory model.

Learn more at applieddigital.com or follow @APLDdigital on X and LinkedIn.

About ChronoScale

ChronoScale is being formed to become an accelerated compute platform purpose-built to support the most demanding artificial intelligence workloads. To be formed through the strategic business combination of Applied Digital Cloud and EKSO, ChronoScale is expected to deliver scalable GPU-based infrastructure optimized for AI training, inference, and high-performance computing, leveraging a proven operating foundation designed for performance, reliability, and rapid deployment.

About Ekso Bionics

Ekso Bionics (NASDAQ: EKSO) is a leading developer of exoskeleton solutions that amplify human potential by supporting or enhancing strength, endurance, and mobility across medical and industrial applications. Based upon its industry-leading expertise, EKSO focuses on improving health and quality of life with advanced robotics designed to enhance, amplify, and restore human function. EKSO is the only known exoskeleton company to offer technologies that range from helping those with paralysis to stand up and walk, to enhancing human capabilities on job sites across the globe. For more information, visit: www.eksobionics.com.

Additional Information and Where to Find It

Depending on the transaction structure, ChronoScale expects to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (as may be amended, the “Registration Statement”), which will include a preliminary proxy statement of EKSO and a prospectus (the “Proxy Statement/Prospectus”) in connection with the Proposed Transaction. Alternatively, EKSO may file a standalone proxy statement. In either case, the definitive proxy statement and other relevant documents will be mailed to shareholders of EKSO as of a record date to be established for voting on the Proposed Transaction and other matters as described in the Proxy Statement/Prospectus. Applied Digital and EKSO will also file other documents regarding the Proposed Transaction with the SEC. This press release does not contain all of the information that should be considered concerning the Proposed Transaction and is not intended to form the basis of any investment decision or any other decision in respect of the Proposed Transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, SHAREHOLDERS OF EKSO AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT/PROSPECTUS, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH EKSO’S SOLICITATION OF PROXIES FOR THE SPECIAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE PROPOSED TRANSACTION AND OTHER MATTERS AS DESCRIBED IN THE PROXY STATEMENT/PROSPECTUS BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT APPLIED DIGITAL, EKSO, CHRONOSCALE AND THE PROPOSED TRANSACTION. Investors and security holders will also be able to obtain copies of the Registration Statement and the Proxy Statement/Prospectus and all other documents filed or that will be filed with the SEC by ChronoScale, APPLIED DIGITAL and EKSO, without charge, once available, on the SEC’s website at www.sec.gov.

NEITHER THE SEC NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE PROPOSED TRANSACTION DESCRIBED HEREIN, PASSED UPON THE MERITS OR FAIRNESS OF THE PROPOSED TRANSACTION OR ANY RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS PRESS RELEASE. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

Participants in the Solicitation

Applied Digital, EKSO, ChronoScale and their respective directors and executive officers may be deemed under SEC rules to be participants in the solicitation of proxies from EKSO’s shareholders in connection with the Proposed Transaction. A list of the names of such directors and executive officers, and information regarding their interests in the Proposed Transaction and their ownership of EKSO securities are, or will be, contained in EKSO’s and ChronoScale’s filings with the SEC. Additional information regarding the interests of the persons who may, under SEC rules, be deemed participants in the solicitation of proxies of EKSO’s shareholders in connection with the Proposed Transaction, including the names and interests of ChronoScale and EKSO’s directors and executive officers, will be set forth in the Proxy Statement/Prospectus, which is expected to be filed by EKSO and ChronoScale with the SEC. Investors and security holders may obtain free copies of these documents as described above.

No Offer or Solicitation

This press release is for informational purposes only and is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Transaction and shall not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange the securities of Applied Digital Cloud, ChronoScale or EKSO, or any commodity or instrument or related derivative, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended (the “Securities Act”), or an exemption therefrom. Investors should consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.

FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position, business strategy and objectives and future financing plans. These statements use words, and variations of words, such as “will,” “continue,” “build,” “future,” “increase,” “drive,” “believe,” “look,” “ahead,” “confident,” “deliver,” “outlook,” “demonstrates,” “expect,” “project,” “intend,” “design,” “seek,” “potential,” “aim,” “may” and “predict.” Other examples of forward-looking statements may include, but are not limited to, (i) statements regarding the parties entering into definitive documentation with respect to, and the closing of, the Proposed Transaction and the timing of the Proposed Transaction, EKSO’s plan to continue to explore strategic transactions for the possible sale of all or substantially all of EKSO’s current business and Applied Digital’s intention to spin out Applied Digital Cloud, (ii) statements regarding certain filings the parties expect to make with the SEC in connection with the Proposed Transaction, including statements regarding the filing of the preliminary and definitive proxy statement to solicit shareholder votes of EKSO shareholders; (iii) statements regarding the business to be created by the Proposed Transaction, including the anticipated benefits of Chronoscale’s accelerated compute platform; (iv) statements regarding the combined business, (v) statements about the High Performance Computing industry, (vi) statements of combined company’s plans and objectives, including its evolving business model, or estimates or predictions of actions by suppliers and current and potential customers, (vii) statements of future economic performance, (viii) statements of assumptions underlying other statements and statements about the combined company or its business, and (ix) statements regarding Applied Digital’s ability to scale independently. You are cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from EKSO’s and Applied Digital’s expectations and projections. These risks, uncertainties, and other factors include: the parties’ ability to complete due diligence and negotiate and execute definitive documentation with respect to the Proposed Transaction; EKSO’s ability to sell its existing business; the parties’ ability to close the Proposed Transaction; difficulties and delays in integrating the combined business resulting from the Proposed Transaction; higher than anticipated transaction costs; the parties’ ability to realize the contemplated financial, business or strategic benefits associated with the Proposed Transaction; the parties’ ability to obtain regulatory and shareholder approval for the Proposed Transaction; the ability of the combined business to retain key customers, employees and relationships; changes to AI and High Performance Computing infrastructure needs and their impact on future plans; the parties’ ability to raise additional capital to fund the combined company’s business plan; the dependence on a small number of principal customers; power or other supply disruptions and equipment failures; the parties’ inability to comply with regulations, developments and changes in regulations; cash flow and access to capital; availability of project and other financing to grow the combined company; decline in demand for the combined company’s products and services; maintenance of third-party relationships; and conditions in the debt and equity capital markets. A further list and description of these risks, uncertainties and other factors can be found in Applied Digital’s and EKSO’s respective most recently filed Annual Report on Form 10-K and subsequent Quarterly Report on Form 10-Q, including in the sections captioned “Forward-Looking Statements” and “Risk Factors,” and in each company’s subsequent filings with the SEC. Copies of Applied Digital’s filings are available online at www.sec.gov, on Applied Digital’s website (www.applieddigital.com) under “Investors,” or on request from Applied Digital. Copies of EKSO’s filings are available online at www.sec.gov, on EKSO’s investor relations website (ir.eksobionics.com) or on request from EKSO. Information in this release is as of the dates and time periods indicated herein, and neither EKSO, Applied Digital nor ChronoScale undertakes to update any of the information contained in these materials, except as required by law.

For Applied Digital:

Media Contact
JSA (Jaymie Scotto & Associates)
(856) 264-7827
[email protected]

Investor Relations Contacts
Matt Glover or Ralf Esper
Gateway Group, Inc.
(949) 574-3860
[email protected]

For EKSO:

Investor Relations Contact
Stephen Kilmer
(646) 274-3580
[email protected]

NEW YORK, Dec. 29, 2025 (GLOBE NEWSWIRE) — Royalty Pharma plc (Nasdaq: RPRX) today announced that it has acquired the final portion of PTC Therapeutics’ remaining royalty on Roche’s Evrysdi for $240 million upfront and up to $60 million in sales-based milestones.

Evrysdi, marketed by Roche, is an orally administered survival motor neuron-2 (SMN2) splicing modifier for the treatment of spinal muscular atrophy. Evrysdi was approved by the FDA in 2020 and has treated over 21,000 patients worldwide. In 2024, Evrysdi generated sales of approximately CHF 1.6 billion ($1.9 billion), representing 18% year-over-year growth at constant exchange rates, and is projected to reach CHF 2.3 billion ($2.9 billion) of sales by 2030 based on analyst consensus.

Transaction Terms

Following today’s transaction, Royalty Pharma will own 100% of the tiered 8% to 16% royalty paid by Roche on worldwide net sales of Evrysdi. Royalty Pharma will be entitled to royalties of 8% on sales up to $500 million, 11% on sales between $500 million and $1 billion, 14% on sales between $1 billion and $2 billion, and 16% on sales over $2 billion. Royalty Pharma will receive the increased royalty starting in the first quarter of 2026, based on Evrysdi product sales in the fourth quarter of 2025.

Advisors

Goodwin and Maiwald acted as legal advisors to Royalty Pharma.  

About Royalty Pharma

Founded in 1996, Royalty Pharma is the largest buyer of biopharmaceutical royalties and a leading funder of innovation across the biopharmaceutical industry, collaborating with innovators from academic institutions, research hospitals and non-profits through small and mid-cap biotechnology companies to leading global pharmaceutical companies. Royalty Pharma has assembled a portfolio of royalties which entitles it to payments based directly on the top-line sales of many of the industry’s leading therapies. Royalty Pharma funds innovation in the biopharmaceutical industry both directly and indirectly – directly when it partners with companies to co-fund late-stage clinical trials and new product launches in exchange for future royalties, and indirectly when it acquires existing royalties from the original innovators. Royalty Pharma’s current portfolio includes royalties on more than 35 commercial products, including Vertex’s Trikafta and Alyftrek, Johnson & Johnson’s Tremfya, GSK’s Trelegy, Roche’s Evrysdi, Servier’s Voranigo, Biogen’s Tysabri and Spinraza, AbbVie and Johnson & Johnson’s Imbruvica, Astellas and Pfizer’s Xtandi, Pfizer’s Nurtec ODT, and Gilead’s Trodelvy, among others, and 20 development-stage product candidates. For more information, visit www.royaltypharma.com.   

Royalty Pharma Investor Relations and Communications

+1 (212) 883-6637
[email protected]

NEW YORK, Dec. 29, 2025 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in Coupang, Inc. (“Coupang, Inc.” or the “Company”) (NYSE: CPNG) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Coupang, Inc. investors who were adversely affected by alleged securities fraud between August 6, 2025 and December 16, 2025. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/coupang-inc-lawsuit-submission-form?prid=181820&wire=3

CPNG investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Coupang had inadequate cybersecurity protocols that allowed a former employee to access sensitive customer information for nearly six months without being detected; (2) this subjected Coupang to a materially heightened risk of regulatory and legal scrutiny; (3) When defendants became aware that Coupang had been subjected to this data breach, they did not report it in a current report filing (to be filed with the U.S. Securities and Exchange Commission (the “SEC”)) in compliance with applicable reporting rules; and (4) as a result, defendants’ public statements were materially false and/or misleading at all relevant times.

WHAT’S NEXT? If you suffered a loss in Coupang, Inc. during the relevant time frame, you have until February 17, 2026 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

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

NEW YORK, Dec. 29, 2025 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in SLM Corporation (“SLM Corporation” or the “Company”) (NASDAQ: SLM) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of SLM Corporation investors who were adversely affected by alleged securities fraud between July 25, 2025 and August 14, 2025. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/slm-corporation-lawsuit-submission-form?prid=181819&wire=3

SLM investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) SLM was experiencing a significant increase in early stage delinquencies; (ii) accordingly, defendants overstated the effectiveness of SLM’s loss mitigation and/or loan modification programs, as well as the overall stability of the Company’s private education loan delinquency rates; and (iii) as a result, defendants’ public statements made a materially false and misleading impression regarding SLM’s business, operations, and prospects at all relevant times.

WHAT’S NEXT? If you suffered a loss in SLM Corporation during the relevant time frame, you have until February 17, 2026 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

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

NEW YORK, Dec. 29, 2025 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in DeFi Technologies (“DeFi Technologies” or the “Company”) (NASDAQ: DEFT) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of DeFi Technologies investors who were adversely affected by alleged securities fraud between May 12, 2025 and November 14, 2025. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/defi-technologies-lawsuit-submission-form?prid=181818&wire=3

DEFT investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) DeFi Technologies was facing delays in executing its DeFi arbitrage strategy, which at all relevant times was a key revenue driver for the Company; (ii) DeFi Technologies had understated the extent of competition it faced from other digital asset treasury companies and the extent to which that competition would negatively impact its ability to execute its DeFi arbitrage strategy; (iii) as a result of the foregoing issues, the Company was unlikely to meet its previously issued revenue guidance for the fiscal year 2025; (iv) accordingly, defendants had downplayed the true scope and severity of the negative impact that the foregoing issues were having on DeFi Technologies’ business and financial results; and (v) as a result, defendants’ public statements were materially false and misleading at all relevant times.

WHAT’S NEXT? If you suffered a loss in DeFi Technologies during the relevant time frame, you have until January 30, 2026 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

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

NEW YORK, Dec. 29, 2025 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in StubHub Holdings, Inc. (“StubHub Holdings, Inc.” or the “Company”) (NYSE: STUB) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of StubHub Holdings, Inc. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons and entities that purchased or otherwise acquired StubHub common stock pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s September 2025 initial public offering. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/stubhub-holdings-inc-lawsuit-submission-form?prid=181817&wire=3

STUB investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company was experiencing changes in the timing of payments to vendors; (2) those changes had a significant adverse impact on free cash flow, including trailing 12 months free cash flow; (3) as a result, the Company’s free cash flow reports were materially misleading; and (4) that, as a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

WHAT’S NEXT? If you suffered a loss in StubHub Holdings, Inc. during the relevant time frame, you have until January 23, 2026 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

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