Market Newsdesk

ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS, July 10, 2026 (GLOBE NEWSWIRE) — Alpha Compute Corp. (Nasdaq: ALP) (“Alpha Compute” or the “Company”), a technology leader in AI GPU-as-a-Service (GPUaaS) and AI Confidential Compute, today announced that it has initiated the return of the final tranche of locked and liquid Toncoin (TON, now named GRAM) holdings to Brisk Thrive and Hogarth Ventures, affiliates of Animoca Brands.  

The return is approximately $6 million worth of TON (GRAM) and removes the liabilities tied to the TON Put Options, completing the orderly wind-down of the Company’s legacy Telegram-focused Digital Asset Treasury (DAT) and formally closing that line of business. With this step complete, Alpha Compute no longer holds digital assets as a balance-sheet treasury position.  

From this point forward, the Company will hold Telegram GRAM tokens solely as earned consideration for the AI confidential compute it delivers to Telegram’s Cocoon AI network—tying any token exposure directly to contracted work performed rather than to a speculative investment thesis. 

The move completes the Company’s transformation from the treasury-oriented model of its predecessor, AlphaTON Capital Corp., into an operating company built around sovereign AI compute infrastructure. 

CLOSING THE TREASURY ERA

The Digital Asset Treasury was a structural feature of the Company’s prior identity as AlphaTON Capital Corp., when holding Telegram-ecosystem tokens on the balance sheet was central to the business model. Following the April 20, 2026 rebrand to Alpha Compute Corp. and the Company’s full strategic pivot to GPU-as-a-Service and confidential computing, the DAT became the last remaining vestige of that capital-vehicle structure. 

Today’s announcement retires it. The Company will hold only a minor amount of $200,000 worth of TON after this transaction, which is being returned to the final legacy shareholder as permitted through Telegram’s Novation agreements.  

A COMPUTE-FIRST BALANCE SHEET 

The change is more than cosmetic. Under the treasury model, the Company carried digital assets whose value fluctuated independently of operations, introducing mark-to-market volatility unrelated to the performance of the underlying compute business. By exiting that position, Alpha Compute removes speculative token exposure from its balance sheet and aligns its financial profile with what its shareholders are backing: a revenue-generating AI infrastructure company. 

Projected Post DAT wind-down Balance Sheet and Estimated Revenue of Alpha Compute: (unaudited)

• Assets = $73.4 million 
• Equity = $20.5 million 
• Debt = $0.4 million
• GPU Lease Liabilities = $34.4 million
• Twelve Months Revenue Forecasted Run Rate = $23 million
• Shares Outstanding = 72 million 

Going forward, the only Telegram-ecosystem tokens Alpha Compute will hold are GRAM received as payment for compute delivered on the Cocoon network. GRAM will function as consideration for services rendered—earned, contracted, and tied to delivered capacity—rather than as a discretionary asset held for appreciation. 

“When we were AlphaTON Capital, a digital asset treasury fit what the company was. Alpha Compute is a different company with a different mandate. Our shareholders are backing an operating compute business, and our balance sheet should reflect exactly that—nothing more, nothing less. Returning the last of our TON closes the book on the treasury era. From here, the only Telegram tokens we hold are GRAM we have earned by delivering compute: consideration for work performed.”  — Enzo Villani, Executive Chairman and Chief Investment Officer, Alpha Compute Corp. 

CONTINUED COMMITMENT TO TELEGRAM AND COCOON 

The wind-down reflects a change in how Alpha Compute participates in the Telegram economy, not whether it participates. The Company remains a committed infrastructure provider to Telegram’s Cocoon AI confidential-computing network, which is being made available to Telegram’s more than one billion users, and continues to deliver Trusted Execution Environment (TEE)-secured inference into that network through its Shroud confidential-compute product. 

Alpha Compute’s conviction in the long-term opportunity is unchanged: that confidential, hardware-enforced AI compute—where user data remains private even from the infrastructure operator—is foundational to bringing trustworthy AI to consumer scale. As Cocoon advances through its rollout, Alpha Compute intends to continue serving the network as a Web3 compute client and provider, compensated in the ecosystem’s native unit for the capacity it supplies. 

“Our belief in Telegram and in confidential compute has never been stronger. Cocoon puts AI that runs inside hardware-secured trusted execution environments within reach of more than a billion people, with their data kept private by design. Winding down the treasury changes how we participate in the Telegram economy; it does not change that we participate. We remain a dedicated Web3 compute provider to Cocoon, and we will keep delivering the confidential infrastructure that network relies on.”  — Brittany Kaiser, Chief Executive Officer, Alpha Compute Corp. 

SOVEREIGN INTELLIGENCE BY DESIGN 

The decision is consistent with the operating thesis articulated in “The Black Paper,” published on alphacompute.ai, which holds that digital sovereignty is the defining infrastructure challenge of the century. Alpha Compute’s mission is to build the hardware, firmware, and network layer that encodes data ownership as an architectural guarantee—and to run a business whose balance sheet is as disciplined and transparent as the infrastructure it operates. 

ABOUT ALPHA COMPUTE CORP. (NASDAQ: ALP) 

Alpha Compute Corp. (Nasdaq: ALP) is a high-performance GPU infrastructure and confidential-compute technology company serving the artificial intelligence economy. Alpha Compute operates as a holding company centered on sovereign AI compute. By owning the infrastructure powering modern intelligence, we ensure privacy is strictly enforced at the hardware level. This robust foundation allows us to strategically build and acquire businesses that rely on confidential compute and artificial intelligence. 

Our mission is to support clients, subsidiaries, and partners across critical sectors—including finance, defense, intelligence, and media—as they navigate the evolving AI landscape. Alpha Compute provides the essential framework for any organization requiring secure, confidential computing environments. The company is domiciled in the British Virgin Islands with offices in New York, Los Angeles, Miami, Amsterdam, and Toronto.  

For more information, please visit: https://www.alphacompute.ai/ 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. All statements other than statements of historical fact, including those preceded by, followed by, or incorporating words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” “may,” “will,” “potential,” “continues,” or similar expressions are forward-looking statements.

Forward-looking statements in this release include, without limitation: the expected timing and go-live dates for Alpha Compute’s GPU cluster deployments; projected revenue from the Company’s AI infrastructure buildout; anticipated benefits from the Company’s confidential compute partnerships and infrastructure expansion; and the Company’s broader business strategy and operational plans.

These statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied, including: the timing and progress of the Company’s strategic initiatives; reliance on third-party vendors and partners; the ability to secure additional financing; uncertainty around the Company’s investments and legacy business; risks related to technology platforms and ecosystems; and general market and economic conditions. A more complete discussion of these risks is set forth under “Item 3 – Key Information – Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended March 31, 2025, and in the Company’s Forms 6-K filed with the Securities and Exchange Commission on September 3, 2025 and January 13, 2026.

Undue reliance should not be placed on these forward-looking statements. The forward-looking statements contained herein are made as of the date of this press release, and the Company undertakes no obligation to update or revise them publicly, except as required by law.

Investor & Media Contact

Alpha Compute Corp.
[email protected]
www.alphacompute.ai 

ir(at)alphacompute.ai

SINGAPORE, July 10, 2026 (GLOBE NEWSWIRE) — Platinum Analytics Cayman Limited (the “Company” or “PLTS”), a software developer specializing in the provision of FX trading software development solutions, data analytics solutions and technology development solutions to financial institutions with a strategic focus on serving Asia and other emergent markets, today announced that on July 7, 2026, the Company received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”), notifying the Company that Nasdaq has determined to delist the Company’s securities pursuant to its discretionary authority contained in Nasdaq Listing Rule IM-5101-4.

The Company intends to appeal the Staff Determination by filing a request for oral hearing before the Nasdaq Hearings Panel (the “Panel”) pursuant to Nasdaq Listing Rule 5815. Per Rule 5815(a)(1)(B), a request for a hearing regarding a delinquent filing will only stay the suspension of the Company’s securities for a period of 15 days from the deadline to request a hearing unless the Company specifically requests, and the Hearings Panel grants, a further stay. The current trading halt under Rule 4120(a)(5) with regards to the Company’s securities will remain in place during any automatic stay or further stay granted by the Panel.

Per Listing Rule 5815(a)(5), the Company will submit to the Hearings Panel a written submission stating with specificity the grounds on which the Company is seeking review of the Staff Determination notification in accordance with Listing Rule 5815(a) (1) (“Written Submission”), and the Company will include in the Written Submission all legal arguments on which it intends to rely. The Company will request that the Panel find the Company in compliance with all applicable listing standards, pursuant to Rule 5815(c)(1)(E). There can be no assurance, however, that the Panel will find the Company in compliance with all applicable listing standards.

About Platinum Analytics Cayman Limited

Established in 2017 in Singapore, Platinum Analytics Cayman Limited, through its wholly-owned Singapore subsidiary, Platinum Analytics Singapore Pte. Ltd., develops FX trading software, data analytics, and technology solutions for financial institutions, focusing on Asia and other emergent markets. Supported by the Monetary Authority of Singapore (MAS), it addresses rapid growth in currency trade volumes, complex cross-border transactions, and emerging market volatility.

The Company operates the Platinum ECN spot FX trading platform for institutional and enterprise clients. Its products – Platinum AI, Platinum ECN, and Platinum Smart Trade – deliver scalable, flexible, AI-driven, low-latency trading and analytics. For more information, please visit: www.platinumanalytics.net.

Forward-Looking Statement

This press release contains forward-looking statements that involve risks and uncertainties. The risks and uncertainties involved include the Company’s ability to regain compliance with Nasdaq’s rules for continued listing, market conditions, and other risks detailed from time to time in the Company’s periodic reports and other filings with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on forward-looking statements, which are based on the Company’s current expectations and assumptions and speak only as of the date of this press release. The Company does not intend to revise or update any forward-looking statement in this press release as a result of new information, future events or otherwise, except as required by law.

For more information, please contact:

  
International Elite Capital
Annabelle Zhang
Email: [email protected]
646-866-7928

NEW YORK, July 10, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Connecticut on behalf of all persons or entities who purchased or otherwise acquired Photronics, Inc. (“Photronics” or the “Company”) (NASDAQ: PLAB) securities between December 10, 2025 to May 27, 2026, inclusive (the “Class Period”).

The Complaint alleges that Defendants failed to disclose to investors that Photronics’ high-end product pipeline, customer schedules, and the stability of the alleged demand for its products; notably, that the seasonal recovery and design release momentum following the Chinese New Year holiday the Company was claiming would develop had stalled. The Complaint further alleges that Photronics was experiencing a critical bottleneck in its design release pipeline that rendered its forward growth expectations unachievable. The Complaint alleges that such statements absent these material facts caused Plaintiff and other shareholders to purchase Photronics’ securities at artificially inflated prices.

The Complaint also alleges that on May 28, 2026, Photronics announced its financial results for the second quarter of fiscal 2026, revealing revenue and earnings well-below internal projections and highlighting a critical collapse of IC revenue by 11% sequentially. The Complaint continues to allege that management further provided third-quarter guidance below market consensus as the slowdown was expected to continue and margins were expected to continue their trend of compression. The Complaint further alleges that management claimed that the projected seasonal recovery following the Chinese New Year holiday had failed to materialize due to extensive new product launch delays, elevated fab utilization rates, and geopolitical uncertainty.

The Complaint states that investors and analysts reacted immediately to Photronics’ revelation. The Complaint further alleges that the price of Photronics’ common stock declined dramatically, from a closing market price of $53.51 per share on May 27, 2026, Photronics’ stock price fell to $34.02 per share on May 28, 2026, a decline of about 36.42% in the span of just a single day.

Investors who purchased or otherwise acquired shares of Photronics should contact the Firm prior to the September 4, 2026 lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at [email protected] or [email protected].

Please visit our website at http://www.gme-law.com for more information about the firm.

New York, NY, USA, July 10, 2026 (GLOBE NEWSWIRE) — Alpha Compute Corp. (Nasdaq: ALP) (“Alpha Compute” or the “Company”), a leading GPU infrastructure and confidential-compute technology company serving the artificial intelligence economy, today announced that it has scheduled its second quarter 2026 earnings conference call and webcast for Wednesday, July 15, 2026 at 1:00 PM ET. During the call, Alpha Compute management will discuss the unaudited financial and operational results for the quarter ended June 30, 2026, followed by a question-and-answer session.

Alpha Compute will release its second quarter results before the call at approximately 8:00 AM ET on July 15, 2026. A copy of the earnings release will be available on the Company’s Investor Relations website at https://www.alphacompute.ai/investors.

Conference Call Information:

• Date: July 15, 2026
• Time: 1:00 PM ET 
• Participant Call Links:
  • Live Webcast: Link

About Alpha Compute Corp.

Alpha Compute Corp. (Nasdaq:ALP) is a high-performance GPU infrastructure and confidential-compute technology company serving the artificial intelligence economy. Alpha Compute operates as a holding company centered on sovereign AI compute. By owning the infrastructure powering modern intelligence, we ensure privacy is strictly enforced at the hardware level. This robust foundation allows us to strategically build and acquire businesses that rely on confidential compute and artificial intelligence.

Our mission is to support clients, subsidiaries, and partners across critical sectors—including finance, defense, intelligence, and media—as they navigate the evolving AI landscape. Alpha Compute provides the essential framework for any organization requiring secure, confidential computing environments. The company is domiciled in the British Virgin Islands with offices in New York, Los Angeles, Miami, Amsterdam and Toronto.

For more information, please visit: https://www.alphacompute.ai/

Investor & Media Contact

Alpha Compute Corp.
[email protected]
www.alphacompute.ai

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. All statements other than statements of historical fact, including those preceded by, followed by, or incorporating words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” “may,” “will,” “potential,” “continues,” or similar expressions are forward-looking statements.

Forward-looking statements in this release include, without limitation: the expected timing and go-live dates for Alpha Compute’s GPU cluster deployments; projected revenue from the Company’s AI infrastructure buildout; anticipated benefits from the Company’s confidential compute partnerships and infrastructure expansion; and the Company’s broader business strategy and operational plans.

These statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied, including: the timing and progress of the Company’s strategic initiatives; reliance on third-party vendors and partners; the ability to secure additional financing; uncertainty around the Company’s investments and legacy business; risks related to technology platforms and ecosystems; and general market and economic conditions. A more complete discussion of these risks is set forth under “Item 3 – Key Information – Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended March 31, 2025, and in the Company’s Forms 6-K filed with the Securities and Exchange Commission on September 3, 2025 and January 13, 2026.

Undue reliance should not be placed on these forward-looking statements. The forward-looking statements contained herein are made as of the date of this press release, and the Company undertakes no obligation to update or revise them publicly, except as required by law.

ir(at)alphacompute.ai

NEW YORK, July 10, 2026 (GLOBE NEWSWIRE) — The Nasdaq Stock Market announced today that it will delist the common stock and warrants of CERo Therapeutics Holdings, Inc. CERo Therapeutics Holdings, Inc.’s securities were suspended on October 31, 2025 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the ordinary shares, units, and rights of Bowen Acquisition Corp. Bowen Acquisition Corp’s securities were suspended on November 3, 2025 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A Ordinary Shares of Graphjet Technology. Graphjet Technology’s Class A Ordinary Shares were suspended on November 13, 2025 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the ordinary shares of Blue Hat Interactive Entertainment Technology. Blue Hat Interactive Entertainment Technology’s ordinary shares were suspended on March 16, 2026 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A Ordinary Shares of X3 Holdings Co, Ltd. X3 Holdings Co., Ltd.’s Class A Ordinary Shares were suspended on April 2, 2026 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the ordinary shares and warrants of Captivision Inc. Captivision Inc.’s securities were suspended on April 9, 2026 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Actelis Networks, Inc. Actelis Networks, Inc.’s stock was suspended on April 10, 2026 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock and warrants of American Rebel Holdings, Inc. American Rebel Holdings, Inc.’s securities were suspended on May 13, 2026 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Reviva Pharmaceuticals Holdings, Inc. Reviva Pharmaceuticals Holdings, Inc.’s stock was suspended on May 14, 2026 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A Ordinary Shares, units, and warrants of Alchemy Investments Acquisition Corp 1. Alchemy Investments Acquisition Corp 1’s securities were suspended on May 14, 2026 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A Common Stock and warrants of Bitcoin Depot Inc. Bitcoin Depot Inc.’s securities were suspended on May 26, 2026 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Inotiv, Inc. Inotiv, Inc.’s common stock was suspended on June 11, 2026 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist common stock Class A of GoHealth, Inc. GoHealth, Inc.’s stock was suspended on June 16, 2026 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Functional Brands, Inc. Functional Brands, Inc.’s common stock was suspended on June 16, 2026 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Sleep Number Corporation. Sleep Number Corporation’s common stock was suspended on June 23, 2026 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the ordinary shares of Smart Digital Group Limited. Smart Digital Group Limited’s ordinary shares were suspended on June 26, 2026 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A Ordinary Shares of REE Automotive Ltd. REE Automotive Ltd.’s Class A Ordinary Shares were suspended on July 7, 2026 and have not traded on Nasdaq since that time.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.

GREENWICH, Conn., July 10, 2026 (GLOBE NEWSWIRE) —

One Trading Day After the Record Nasdaq Debut, Traders Get 2x Long and 1x Short Tools at a 0.75% Fee — With Options on Both Funds Expected Shortly After Launch

SK Hynix’s American Depositary Receipts began trading on Nasdaq today in the largest-ever US listing by a foreign company, an offering recently sized near $28 billion¹ — and US traders are one trading day away from a complete toolkit to act on it. Leverage Shares by Themes confirmed that the Leverage Shares 2x Long SK Hynix Daily ETF (ticker: SKHX) and the Leverage Shares 1x Short SK Hynix Daily ETF (ticker: SKHZ) begin trading on Cboe this coming Tuesday, July 14th.

The Only 1x Short in the Field

Among the leveraged SK Hynix ETFs arriving Monday, SKHZ is expected to be the only 1x, non-leveraged short product — a way to lean bearish or hedge existing exposure without the amplified decay of a -2x fund. SKHX seeks daily investment results, before fees and expenses, corresponding to 200% (2x) of the daily performance of the SK Hynix American Depositary Receipt (Nasdaq: SKHY); SKHZ seeks daily investment results, before fees and expenses, corresponding to -100% (-1x) of that daily performance. Both funds are actively managed and utilize swaps, options, and other derivatives to deliver efficient exposure.

Options Days Away

Options on both SKHX and SKHZ are expected to begin trading within days of the funds’ launch, adding defined-risk strategies and hedging flexibility on top of the funds themselves.

Experience at This Scale

The firm ran the same play around SpaceX’s IPO, launching long and short ETFs — SPCH and SSPC — simultaneously, in a debut that set the record for the biggest first week of trading in ETF history, topping $4 billion in volume over four trading days.² Both SKHX and SKHZ carry a 0.75% management fee, approximately 40% below the category average.³

“Today the market got SK Hynix. On Monday, traders get the tools — long or short, with options right behind, at a fee that respects them,” said Jose C. Gonzalez Navarro, CEO and Co-Founder of Themes ETFs. “As with all of our daily leveraged and inverse products, these are trading vehicles that reset each day, not buy-and-hold instruments — we encourage investors to size positions carefully and know their exit points.”

For more information about these ETFs and other products offered by Leverage Shares by Themes, please visit www.leverageshares.com/us

Definitions:

American Depositary Receipt (ADR):
An American Depositary Receipt (ADR) is a negotiable certificate issued by a U.S. depositary bank that represents shares of a foreign company. ADRs trade on U.S. exchanges in U.S. dollars, making it easier for U.S. investors to buy and sell shares of non-U.S. companies.

Options:
Options are exchange-traded contracts linked to an underlying security, such as an ETF, that give the holder the right, but not the obligation, to buy (a call option) or sell (a put option) the underlying security at a specified price before or on a specified expiration date. Options can be used to manage risk or express investment views but involve significant risk and are not appropriate for all investors.

Sources:

¹ Bloomberg, “Extreme SK Hynix Stock Swings Add Wild Card to $28 Billion Deal,” July 7, 2026.

² ETF Trends, “ETF Prime: Record Inflows and SpaceX Leveraged ETFs,” July 1, 2026. See also etf.com, “Winner Emerges In SpaceX ETF Race,” June 30, 2026.

³ Source: etf.com. Universe of 308 daily leveraged & inverse ETFs compared to Leverage Shares SKHY short & leveraged ETFs, as of 6/25/26. Expense ratios are subject to change.

For media inquiries, contact:

Arielle Shternfeld

Director of Communications, Themes ETFs

[email protected]

About Themes ETFs

Themes ETFs is a provider of thematic and single-stock leveraged ETFs, focused on delivering innovative, cost-efficient investment tools that allow investors to access the companies and trends shaping the future. Through its Leverage Shares platform, Themes ETFs offers daily leveraged and inverse ETF strategies designed for sophisticated investors and active traders.

For more information, visit www.themesetfs.com and www.leverageshares.com.

INVESTMENT INVOLVES SIGNIFICANT RISK. Fund does not invest directly in the underlying stock. As with any investment, there is a risk that you could lose all or a portion of your investment in the Fund.

An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about Themes ETFs. To obtain a Fund’s prospectus and summary prospectus call 886-584-3637. A Fund’s prospectus and summary prospectus should be read carefully before investing.

Newly launched Funds have risks associated with a limited operating history.

Because of daily rebalancing and the compounding of each day’s return over time, the return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from 200% (for 2x) or -100% (for -1x) of the return of the underlying stock over the same period. The Fund will lose money if the underlying stock performance is flat over time, and as a result of daily rebalancing, the underlying stock’s volatility and the effects of compounding, it is even possible that the Fund will lose money over time while the underlying stock’s performance increases over a period longer than a single day. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2x, -1x) investment results, understand the risks associated with the use of leverage and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. For periods longer than a single day, the Fund will lose money if the underlying stock’s performance is flat, and it is possible that the Fund will lose money even if the underlying stock’s performance increases over a period longer than a single day. An investor could lose the full principal value of his/her investment for all leveraged funds (2x, -1x). For the 2x fund, if the price of the underlying stock falls by more than 50% in one trading day, an investor could lose the full principal value of their investment.

Under the Investment Advisory Agreement between the Adviser and the Trust, on behalf of the Fund (the “Investment Advisory Agreement”), the Adviser has agreed to pay all expenses of the Fund, except for the fee paid to the Adviser pursuant to the Investment Advisory Agreement, interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, extraordinary expenses, and distribution (12b-1) fees and expenses.

Past performance does not guarantee future results.

INVESTMENT RISKS: Investing in the Funds involves a high degree of risk. As with any investment, there is a risk that you could lose all or a portion of your investment in the Funds.

Investment in leveraged products may be subject to higher volatility. Fund does not directly invest in the underlying stock. An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as futures contracts and swaps is subject to market risks that may cause their price to fluctuate over time. Risks of the Fund include effects of Compounding and Market Volatility Risk, Inverse Risk, Market Risk, Counterparty Risk, Rebalancing Risk, IntraDay Investment Risk, Daily Index Correlation Risk, Other Investment Companies (including ETFs) Risk, and risks specific to the securities of the Underlying Stock and the sector in which it operates. These and other risks can be found in the prospectus.

For periods longer than a single day, the Funds will lose money if SK Hynix has flat performance, and it is possible that the Funds will lose money even if SK Hynix performance increases or decreases over a period longer than a single day. An investor could lose the full principal value of his/her investment within a single day if the price of SK Hynix rises or falls by more than 50% in one trading day.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (NBBO) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses, or sales charges. One cannot invest directly in an index.

This information is not an offer to sell or a solicitation of an offer to buy shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

Themes Management Company LLC serves as an adviser to the Themes ETFs Trust. The funds are distributed by ALPS Distributors, Inc (1290 Broadway, Suite 1000, Denver, Colorado 80203). ALPS is not affiliated with any mentioned entity. Client brokerage services not offered by ALPS. Please see third party site for more information about any mentioned services. Themes ETFs are not sponsored, endorsed, issued, sold, or promoted by these entities, nor do these entities make any representations regarding the advisability of investing in the Themes ETFs. Neither ALPS Distributors, Inc, Themes Management Company LLC nor Themes ETFs are affiliated with these entities. Themes Management Company LLC and Leverage Shares are affiliates that are under common control. Themes Management Company and Leverage Shares have entered into a licensing agreement in which Leverage Shares licenses the trademark LEVERAGE SHARES to Themes Management Company LLC for use in financial services in the United States.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9221e0ed-86e9-4d5f-9d97-34fa5d0cedfb

NEW YORK, July 10, 2026 (GLOBE NEWSWIRE) — Borealis Foods Inc. (Nasdaq: BRLS, BRLSW) (“Borealis” or the “Company”), a food science and manufacturing company known for its Chef Woo, Chef Ramsay, Ramen Express, and Woodles brands, today provided an update on business progress, including continued demand for its protein-rich products, expanding manufacturing partnerships, and recent actions to strengthen its operations..

“Demand for our products continues to be healthy across the board, especially in our higher-margin, protein-rich products,” said Reza Soltanzadeh, Chief Executive Officer of Borealis Foods. “We are also very encouraged by our manufacturing partnerships with leading global food companies as we roll out our newest products in the U.S. and Canada.”

Soltanzadeh continued, “Having significant manufacturing capacity makes it possible for Borealis to enter into strategic manufacturing partnerships that can help maximize utilization of our production capacity. As we ramp up production of new products, we expect revenues and margins to improve over the next few quarters.”

For the first quarter ended March 31, 2026, Borealis reported net revenue growth of 8.0% year-over-year, a 29.3% improvement in loss from operations, a 24.0% reduction in SG&A, and a 91% improvement in net cash used in operating activities compared with the prior-year period. Subsequent to quarter-end, the Company refinanced its primary secured debt, eliminating a previously scheduled August 2026 balloon maturity and extending the maturity date to April 2031.

The Company continues to focus on improving manufacturing utilization at its Saluda, South Carolina facility, expanding institutional production volume, strengthening margins, and building a well diversified business. Borealis expects its recently added manufacturing partnerships to support increased capacity utilization as they ramp-up during 2026.

As previously disclosed in the Company’s Current Report on Form 8-K filed on July 8, 2026, the Company received a notice from The Nasdaq Stock Market LLC regarding the minimum Market Value of Listed Securities requirement for continued listing on The Nasdaq Capital Market The notice has no immediate effect on the listing or trading of the Company’s common shares or warrants. Borealis has until December 29, 2026, to regain compliance and intends to work diligently to address the matter within the applicable period.

The Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2026 and Current Report on Form 8-K regarding the Nasdaq notice are available at www.sec.gov and on the Company’s investor relations website.

About Borealis Foods Inc.

Borealis Foods Inc. is a food science and manufacturing company focused on developing and commercializing innovative, nutritious, and affordable food products. Through its CPG platform and Palmetto Gourmet Foods manufacturing operations, the Company markets a portfolio of healthy, nutritious and affordable protein-based noodle and ramen products across multiple brands, channels, and price points.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements regarding the Company’s ability to regain compliance with Nasdaq’s continued listing requirements, improve operating performance, increase manufacturing utilization, expand institutional production volume, strengthen margins, and execute its business plan. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially, including risks relating to the Company’s ability to continue as a going concern, liquidity and financing requirements, Nasdaq continued listing compliance, customer demand, production ramp-up, related-party transactions, shareholder approval requirements, dilution, internal control weaknesses, and other risks described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements except as required by applicable law.

Media Contact

Henry Wong
Chief Marketing and Public Relations Officer
Borealis Foods Inc.
1540 Cornwall Road, Suite 104
Oakville, ON L6J 7W5
(905) 278-2200