Market Newsdesk

Chegg Launches New Create Functionality to Offer Personalized, AI-Powered Study Tools

Create enables students to generate personalized practice materials and study plans from their class notes to receive tailored support where they need it the most.

SANTA CLARA, Calif.–(BUSINESS WIRE)–
Today, Chegg, Inc. (NYSE: CHGG) announced the launch of its new Create functionality. Create empowers students to generate practice tests and flashcards – directly from their own class materials, such as notes – delivering a highly customized and personalized study experience that helps to align with what they’re learning in the classroom.

Chegg’s Create functionality is designed to revolutionize the way that students study by generating individualized practice questions and flashcards based on the questions they’ve already asked. Traditional study tools often require students to rely on pre-generated sets, Create leverages its advanced agentic AI systems, allowing students to work with their own class content, instantly tailoring practice questions to the specific topics they are learning and the challenges they face.

Create uses advanced algorithms and agentic techniques to generate effective questions, complete with plausible distractors, that challenge students to think critically and apply reasoning skills. This focus on crafting high-quality, thought-provoking questions encourages long-term learning and aids in reinforcing deeper understanding of the material.

“At Chegg, we’re always looking for new ways to empower students and transform their learning experiences,” said Nathan Schultz, CEO of Chegg. “The launch of Create marks a major milestone in our journey toward a more personalized approach to student learning. This functionality not only tailors study tools to each student’s unique needs – but also provides students with the feedback that they are so often lacking – and that we find is essential to helping them stay focused and engaged. Along with the recent introduction of Solution Scout, Chegg is proud to continue to push the boundaries of what study support has to offer for the modern student.”

Create also incorporates metacognitive strategies that help students reflect on their learning process. When selecting their answer to a practice question, the tool offers hints and asks students to rate how confident they are in their chosen answer. This reflection step enables students to better self-assess their knowledge and enhance retention.

At the end of a practice set, students receive a detailed report showing which questions they answered correctly or incorrectly, along with their confidence ratings for each answer. This feedback is developed to activate the hyper-correction effect, giving students confidence in the skills they’ve mastered, while also putting more focus on the questions they got wrong – eventually leading to stronger memory of the correct answers.

The Create functionality’s ability to generate questions based on students’ previous engagement on Chegg and their own input offers a highly tailored study experience, signaling clear guidance on which topics and subtopics they need to master to help them succeed in their coursework. With Create, Chegg continues to push the boundaries of personalized learning, making it easier than ever for students to study smarter, not harder.

About Chegg

Chegg provides individualized learning support to students as they pursue their educational journeys. Available on demand 24/7 and powered by over a decade of learning insights, the Chegg platform offers students AI-powered academic support thoughtfully designed for education coupled with access to a vast network of subject matter experts who ensure quality. No matter the goal, level, or style, Chegg helps millions of students around the world learn with confidence by helping them build essential academic, life, and job skills to achieve success. Chegg is a publicly held company and trades on the NYSE under the symbol CHGG. For more information, visit www.chegg.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250422487663/en/

Marshall Anthony Jr., Ph.D.

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Software Internet Artificial Intelligence Technology University Apps/Applications Primary/Secondary Education

MEDIA:

Logo

Tetra Tech Awarded Contract for Advanced Wastewater Treatment Services in Florida

PASADENA, Calif.–(BUSINESS WIRE)–Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that Orange County Utilities (OCU) in Florida awarded the Company a contract to provide engineering design and technical services to significantly expand the Eastern Water Reclamation Facility (EWRF), which serves a 451-square-mile service area just outside Orlando.

Tetra Tech engineers and technical specialists will provide advanced wastewater treatment solutions to help OCU accommodate increasing wastewater flows, while enhancing operations, energy efficiency and resilience. Our teams will conduct advanced modeling to optimize processes and prepare designs and specifications for an increase in treatment capacity at EWRF.

“For almost 20 years, Tetra Tech has provided Orange County Utilities with innovative and efficient water and wastewater infrastructure solutions,” said Dan Batrack, Tetra Tech Chairman and CEO. “We look forward to continuing to use our Leading with Science^® approach to support the rapid growth in Orange County and provide its customers with high quality and resilient water supplies.”

About Tetra Tech

Tetra Tech is the leader in water, environment and sustainable infrastructure, providing high-end consulting and engineering services for projects worldwide. With 30,000 employees working together, Tetra Tech provides clear solutions to complex problems by Leading with Science^® to address the entire water cycle, protect and restore the environment, design sustainable and resilient infrastructure, and support the clean energy transition. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn and Facebook.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions (“Future Factors”), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section “Risk Factors” included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250421363558/en/

Jim Wu, Investor Relations

Charlie MacPherson, Media & Public Relations

(626) 470-2844

KEYWORDS: United States North America Canada California Florida

INDUSTRY KEYWORDS: Environment Construction & Property Consulting Engineering Utilities Professional Services Sustainability Manufacturing Energy Other Construction & Property

MEDIA:

Posted on April 22, 2025 9:05 am

SoFi Provides Access to New Class of Cosmos Fund with Sole Exposure to Anthropic, Pomona Investment Fund and StepStone Private Markets Fund Through Templum Partnership

SoFi Provides Access to New Class of Cosmos Fund with Sole Exposure to Anthropic, Pomona Investment Fund and StepStone Private Markets Fund Through Templum Partnership

Expansion of Alts unlocks access to highly sought-after investment opportunities for retail investors.

SAN FRANCISCO–(BUSINESS WIRE)–SoFi (NASDAQ:SOFI) is expanding members’ access to private market funds, which provide exposure to privately held companies before their potential initial public offering. SoFi members can now access a new class of the Cosmos Fund, with sole exposure to Anthropic, in addition to private equity funds Pomona Investment Fund and StepStone Private Markets Fund through SoFi’s relationship with Templum.

“SoFi’s expansion into alternative investments, like private market funds, has broken down barriers for retail investors to access potentially high value opportunities,” said Anthony Noto, CEO of SoFi. “Retail investors are interested in investing in today’s most valuable privately held companies, but access has long been dominated by ultra-high-net-worth individuals and large institutions. SoFi is proud to be one of the few platforms that has unlocked these highly sought-after investment opportunities for our members.”

“Expanding our partnership with SoFi marks another step forward in making private markets more accessible to individual investors,” said Christopher Pallotta, CEO and Founder of Templum. “By combining SoFi’s reach with Templum’s infrastructure, we’re transforming how investors discover and access premium private investment opportunities.”

In a 2024 survey of 5,000 retail investors¹, SoFi found that more than 87% of investors had an interest in investing in privately held companies. When asked what type of companies they would be most interested to invest in, the top three were technology, AI and healthcare.

In December 2024, SoFi launched its partnership with Templum, providing members access to a separate, now closed, class of the Cosmos Fund with sole exposure to SpaceX in addition to the Pomona Investment Fund and the StepStone Private Markets Fund via Templum.

SoFi is one of the few platforms offering retail investors access to diverse investment opportunities through alternative funds, including commodities, exposure to private companies, real estate and more.

SoFi Invest members who are interested in learning more about accessing Templum’s offerings of the new class of the Cosmos Fund, with sole exposure to Anthropic, Pomona Investment Fund and the StepStone Private Markets fund can find information in the Invest section of the SoFi App. These investments are limited to accredited investors.

About SoFi

SoFi (NASDAQ: SOFI) is a member-centric, one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. The company’s full suite of financial products and services helps its over 10 million SoFi members borrow, save, spend, invest, and protect their money better by giving them fast access to the tools they need to get their money right, all in one app. SoFi also equips members with the resources they need to get ahead – like credentialed financial planners, exclusive experiences and events, and a thriving community – on their path to financial independence.

SoFi innovates across three business segments: Lending, Financial Services – which includes SoFi Checking and Savings, SoFi Invest, SoFi Credit Card, SoFi Protect, and SoFi Insights – and Technology Platform, which offers the only end-to-end vertically integrated financial technology stack. SoFi Bank, N.A., an affiliate of SoFi, is a nationally chartered bank, regulated by the OCC and FDIC and SoFi is a bank holding company regulated by the Federal Reserve. The company is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit SoFi.com or download our iOS and Android apps.

©2025 SoFi Technologies, Inc. All rights reserved.

About Templum

Templum is redefining how investors access private markets – making alternative assets as intuitive and seamless as investing in public equities. Our cutting-edge technology integrates directly with advisors, brokers, custodians, fund administrators, transfer agents, and other key market participants through APIs or white-labeled solutions, enabling fully connected and intelligent workflows for frictionless primary and secondary transactions across any private asset class.

Faster, more scalable, and more cost-effective than anything else in the market today, Templum is the infrastructure powering the next generation of private market investing.

At the core of our offering is Templum One – our flagship marketplace that connects investors with top-tier fund managers and premium private investments. For platforms looking to build or scale, Templum-as-a-Service provides modular solutions that streamline operations and eliminate everyday frictions.

To support liquidity, Templum also offers multiple secondary trading solutions – including an automated Alternative Trading System (ATS) and Qualified Matching Service (QMS) – delivering compliant, efficient exits for a broad range of private investments.

Our platform is designed for flexibility, with modular deployments that can adapt to participants’ unique needs. Templum offers tailored solutions that meet your goals today – and scale with you tomorrow.

All securities offered by Templum Markets LLC, a wholly owned broker-dealer and Alternative Trading System (ATS) subsidiary of Templum, Inc., which is approved to operate in 53 U.S. states and territories. For more information, please visit www.templuminc.com.

INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE

SoFi Securities, LLC (“SoFi Invest”) has a referral arrangement with Templum Markets, LLC (“Templum”), allowing eligible SoFi Invest members to access certain special purpose vehicles (“SPVs”) and private investment funds through Templum. Templum charges a purchase fee of up to 6% for SPVs and up to 3.5% for funds. In this arrangement, Templum compensates SoFi Invest with 20-50% of the purchase fees Templum charges to SoFi Invest members who open a Templum account and invest through Templum. SoFi Invest is not affiliated with Templum and makes no endorsement of Templum’s products or services, but the compensation that SoFi Invest receives from Templum is a conflict of interest and creates an incentive for SoFi Invest to refer its members to Templum. Investing in securities involves a high degree of risk, including possible loss of your entire investment, and there is no guarantee of liquidity in any given security notwithstanding such security being listed on the Templum Markets Alternative Trading System. Securities are offered by and through Templum Markets, LLC (Members FINRA and SIPC). Templum Markets, LLC is wholly owned by Templum, Inc.

¹ Retail Investor Survey Led by SoFi in Partnership with Centiment, July 2024

SOFI-F

View source version on businesswire.com: https://www.businesswire.com/news/home/20250422308889/en/

MEDIA CONTACTS

For SoFi

[email protected]

For Templum

Investor Contact

Templum: [email protected]

Templum Media Contact

Julie Ros, Chief Marketing Officer, [email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Professional Services Payments Apps/Applications Technology Finance Fintech

MEDIA:

Logo

Blueprint for Success: Women Investors Strike a Disciplined Balance Between Patience and Risk

Charles Schwab survey shows six in ten women investors are comfortable taking risk in their investments, and most point to patience and discipline as their top investing strengths.

Additional Key Highlights:

• Women investors largely prefer to use a combination of their own research and guidance from a financial professional (42%). Nine in ten think they are on track to reach their investing goals.
• Women investors are sharing their knowledge. One in five say they frequently discuss financial information with others (19%), and almost half (46%) say they discuss finances on an occasional basis.
• About half (51%) of women investors surveyed said they got started before the age of 30.

WESTLAKE, Texas–(BUSINESS WIRE)–
Women investors are taking a risk-savvy, patient approach to investing, and 90% feel they are on the right track to reach their financial goals, according to a new Charles Schwab survey of 1,200 American women investors who are primary or joint financial decisionmakers in their households.

The study revealed that women investors are comfortable taking risk in their investments (61%) and play the long game when it comes to realizing potential returns. Most are focused on reaching long-term financial goals (80%) and to get there, 50% point to patience as their biggest investing strength, followed by discipline (45%).

Women investors say their greatest investing strengths are…
Patience – willing to wait for investments to grow	50%
Discipline – stick to a plan and avoid emotional or impulsive decisions	45%
Consistency – invest regularly to build portfolio over time	33%
Planning – carefully plan investments to align with goals	32%
Open-mindedness – willing to explore new investing products or strategies	29%
Collaboration/Mentorship – seek advice to guide investment decisions	24%
Knowledge – strong understanding of investment products and strategies	21%

According to Schwab’s survey, the three biggest investing lessons women investors say they have learned are staying invested through market volatility (58%), acknowledging their risk tolerance (57%), and diversifying their investments (54%).

“As barriers to entry have come down and access to financial information and resources has increased, retail investor participation and engagement has skyrocketed – and women are a huge part of that trend,” said Jeannie Bidner, Head of Schwab’s Branch Network, overseeing the firm’s nearly 400 branch locations across 48 states. “Women are laser focused on reaching their long-term investing goals – and they are digging into the process with enthusiasm. Today, more than ever before, women can invest how they want, and we are incredibly proud at Schwab to offer a vast range of low-cost products, advice, digital and human support, education and more to help investors meet their goals.”

Empowered and engaged

Overwhelming majorities of women investors say that managing their investments gives them a feeling of empowerment (91%) and that they enjoy investing (83%). Nearly two-thirds (62%) think of themselves as investors and one quarter (26%) think of themselves as traders. Additionally, 89% of women investors are very or somewhat confident about their investing strategies.

Women are highly engaged in the investing process, largely preferring a combination of doing their own research and guidance from financial professionals (42%). More than half say they turn to professionals for financial information (61%), while 41% go to the internet to find resources, 39% turn to their family, 35% rely on investment or brokerage firm online resources, and 28% take to social media. Three-quarters of women feel it is important to be able to seek financial information, research or advice anonymously (76%).

About one in five women investors (19%) frequently discuss financial information with others and almost half (46%) say they discuss finances on an occasional basis. The people they discuss financial information or advice with most often are family (79%) and friends (56%) and the top reasons for these conversations are:

• to learn new financial information or advice (56%),
• to support others during financial challenges (41%),
• to feel more confident in their financial decisions (37%), and
• to help others manage their finances overall (37%).

“Women are confident and comfortable in the drivers’ seat when it comes to their investments and broader finances, but that doesn’t necessarily mean they are going it alone,” said Bidner. “They also value guidance from financial professionals and tap their own community to collaborate with others, including family and friends. For the women we surveyed, do it yourself doesn’t mean do it in isolation.”

Getting off to an early start

About half (51%) of women investors surveyed said they got started before the age of 30, while 29% started in their 30s and 13% started in their 40s. The top reasons they first started investing: to grow their money and save for retirement. Notably, one quarter say they started investing simply to learn how. Two in five worked with a financial professional when they started investing, and the same number received advice, encouragement or support from family or friends, while a third turned to online resources or tools.

Top reasons women start investing
To grow their money	70%
To save for retirement	59%
To become financially independent	40%
To reach financial goals like owning a home or paying for a child’s college education	37%
To learn how	25%
For fun	8%
To participate in the markets	8%

Today, women investors are invested across a variety of investment products, with individual stocks being the most popular investment type.

Top investment products currently or previously owned by women investors
Stocks	84%
Mutual funds	58%
Bonds	53%
Real estate investments	50%
Cryptocurrencies	32%
ETFs	29%
Options or futures	20%
Alternative investments	18%

Overcoming challenges

Though women investors feel empowered and enthusiastic about investing overall, 85% say they wish they had started investing sooner, and 65% say they delayed saving and building wealth because they didn’t have enough extra earnings to set aside. Thinking back to when they first got started investing, the top two hurdles cited by women investors are lack of financial knowledge/education (54%) and limited funds (53%). According to the survey, women investors say ongoing challenges like lower pay (31%), career pauses to care for children or others (20%), and fewer job opportunities (14%) have impacted their ability to invest.

While women face unique challenges with their finances, most feel like they are on the right track to meet their financial goals (90%). In fact, when asked about the why they feel they’re likely to reach their goals, Schwab’s survey shows women investors believe investing has become more accessible (38%), there are more investment options (33%) and financial education is more broadly available (32%).

“Our study revealed some really encouraging trends for women investors, including a high level of optimism, a pragmatic approach towards risk and the ability to stay patient,” said Bidner. “Combine those factors with a commitment to core investing principals – which comes through in the data – and we see an incredibly bright future for women investors.”

To learn more about how Schwab serves women investors, from those just starting out to those with decades of experience, visit Schwab.com/women-in-investing.

About the Schwab Women Investors Survey

The online survey was conducted by Logica Research from January 7, 2025, to January 23, 2025, among a national sample of 1,200 women investors in the United States, aged 21 to 75, with at least $5,000 in investable assets and who are primary or joint financial decisionmakers in their households. Detailed results can be found here.

Disclosures

​The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. All expressions of opinion are subject to changes without notice in reaction to shifting market, economic, and geopolitical conditions.

Data herein is obtained from what are considered reliable sources; however, its accuracy, completeness, or reliability cannot be guaranteed. Supporting documentation for any claims or statistical information is available upon request.

Investing involves risk, including loss of principal.

About Charles Schwab

At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity.

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with 36.9 million active brokerage accounts, 5.5 million workplace plan participant accounts, 2.0 million banking accounts, and $10.28 trillion in client assets as of February 28, 2025. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, https://www.sipc.org), and its affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent, fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its primary banking subsidiary, Charles Schwab Bank, SSB (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at https://www.aboutschwab.com.

Follow us on X, Facebook, YouTube and LinkedIn.

(0425-39XY)

View source version on businesswire.com: https://www.businesswire.com/news/home/20250422356010/en/

Hibah Shariff

Charles Schwab

415-667-0507

[email protected]

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Professional Services Consumer Data Analytics Women Finance Consulting Personal Finance

MEDIA:

Logo

Finance of America Launches New Ad Campaign Highlighting How Homeowners 55 and Up Unlock Home Equity in Their Next Chapter

“A Better Way with FOA” Empowers Homeowners to Unlock their Home’s Hidden Value to Achieve their Retirement Goals

PLANO, Texas–(BUSINESS WIRE)–Finance of America Reverse LLC (“Finance of America” or the “Company”), a leading provider of home equity-based financing solutions for a modern retirement and a part of Finance of America Companies Inc. (NYSE: FOA), today announced the launch of its new brand platform “A Better Way with FOA”, alongside the launch of a national advertising campaign featuring TV spots and digital ads rolling out to audiences across the country. This campaign launch is a groundbreaking moment for the Finance of America brand and marks a pivotal step in the Company’s transformation as it evolves its marketing approach to reach new customers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250422108627/en/

The category defining ad campaign is part of an innovative shift in marketing strategy at Finance of America and is designed to enhance brand visibility and connect with a new generation of customers through modernized messaging. The goal of the campaign and its new creative work is to position Finance of America as an innovative leader in the home equity and reverse mortgage space – placing reverse mortgages squarely in the consumer’s consideration set alongside comparable tools like home equity loans and lines of credit.

“Our new campaign marks a significant change in how we engage with our audience,” said Kristen Sieffert, President of Finance of America. “We are highlighting how borrowers can benefit from home equity, making these solutions more relatable and accessible. With over 50% of the average senior homeowner’s wealth being tied up in home equity, leveraging this asset both empowers people to achieve their retirement goals and enables resilience against life’s unexpected turns – from market volatility, rising costs of living, or unexpected medical events. At a time when conversations about aging, financial flexibility, and quality of life are evolving, Finance of America is educating the market on how home equity can be used as a timely, valuable tool for a wide range of options. A ‘Better Way’ signifies the power of having a broader plan, one that is built for the modern retirement landscape that American homeowners are facing today.”

“Our customers are increasingly comfortable with the idea of leveraging home equity to pursue important life and financial goals,” said Chris Moschner, Chief Marketing Officer of Finance of America. “This new campaign positions reverse mortgages among a broader consideration set of home equity offerings, while specifically highlighting why they can be a better solution for homeowners over 55. The campaign also establishes Finance of America as a trusted brand and partner. Because for us, ‘A better way with FOA’ not only reflects what we offer, but also how we do business, given our longstanding commitment to education and customer service.”

The company’s new ads are designed to create awareness of the many different ways that its range of products can be used. For example, one of the new ads features the moving story of a hardworking family that is part of the “Sandwich Generation” – supporting their aging parents while also aspiring to achieve their personal retirement dreams. In the ad, the family renovates their home to make it both grandparent-friendly and jam band-friendly for the rock and roll duo to have a private sound studio so their musical fun wouldn’t disturb their parents. In this story, a reverse mortgage allowed them to unlock their home’s equity to achieve their financial goals without an added monthly mortgage payment, allowing them to spend more time focusing on bonding together, worry-free. These powerful experiences illustrate the campaign catchline that when it comes to planning a modern retirement – there’s a better way with FOA.

“A Better Way with FOA” marks a shift toward meeting the customers of today and tomorrow, while highlighting examples of how the product can be used and the benefits they can offer in a compelling and captivating way. Integrated creative agency David&Goliath served as Creative Agency of Record for the new campaign.

To maximize reach and engagement, the new advertising campaign integrates a mix of traditional and online channels. These include refreshed television ads, social media content, and digital and out-of-home placements – ensuring a cohesive brand presence across multiple touchpoints. Pilot advertisements were first launched with select media partners, with new ads being rolled out nationally.

About Finance of America

Finance of America Reverse LLC dba Finance of America (NMLS 2285) is a modern retirement solutions platform that provides customers with access to an innovative range of retirement offerings centered on the home and is the consumer brand and reverse mortgage operating subsidiary of its parent company, Finance of America Companies Inc. (NYSE: FOA). In addition to the reverse mortgage business, Finance of America Companies Inc. offers capital markets and portfolio management capabilities primarily to optimize the distribution of its originated loans to investors. Finance of America is headquartered in Plano, Texas. For more information, please visit www.financeofamerica.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250422108627/en/

For Finance of America Media: [email protected]

For Finance of America Investor Relations: [email protected]

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Residential Building & Real Estate Construction & Property Other Communications Generation X Finance Marketing Advertising Communications Professional Services Seniors Baby Boomers Personal Finance Media Family Digital Marketing Consumer

MEDIA:

Photo

Photo

Photo

Photo

Photo

Logo

Veracyte Announces Multiple Abstracts Demonstrating Power of Decipher Testing To Fuel New Prostate and Bladder Cancer Insights Will Be Presented at AUA Annual Meeting

SOUTH SAN FRANCISCO, Calif.–(BUSINESS WIRE)–Veracyte, Inc. (Nasdaq: VCYT), a leading cancer diagnostics company, today announced that at least 18 abstracts focused on its Decipher Prostate and Decipher Bladder Genomic Classifiers will be presented at AUA 2025, the annual meeting of the American Urological Association, taking place April 26-29 in Las Vegas. Study findings to be presented include new data from the use of the Decipher tests in clinical trials as well as insights into these cancers’ underlying biology, which researchers derived through use of the whole-transcriptome-based Decipher GRID (Genomic Resource for Intelligent Discovery) research tool.

“Our whole-transcriptome approach to Decipher testing provides us with a rich clinical-genomic database of prostate and bladder cancers, which we are pleased to share with our partners in the research community,” said Elai Davicioni, Ph.D., Veracyte’s medical director of Urology. “The data being presented at AUA 2025 demonstrate the power of our Decipher GRID tool to fuel new insights from the molecular characterization of prostate and bladder cancers. We believe that these insights will ultimately enable physicians to deliver more-personalized care and better outcomes for patients.”

Title:		Gene Expression Signatures of Immune Infiltration Portend Differential Response to Sequential Intravesical Gemcitabine and Docetaxel versus Bacillus Calmette-Guerin in High-Risk Non-Muscle-Invasive Bladder Cancer
Presenter:		Vignesh Packiam, M.D., Rutgers Cancer Institute
Format:		Oral Presentation (PD12-06)
Date/Time:		Saturday, April 26; 3:30-5:30 p.m. PT (4:10-4:18 p.m. PT)
Room:		Galileo 1001
Overview:		In this study, researchers used Decipher GRID to explore whether a subset of patients with high-risk non-muscle-invasive bladder cancer (HR-NMIBC) may respond better to therapy with sequential intravesical gemcitabine and docetaxel (Gem/Doce), compared to guideline-recommended intravesical Bacillus Calmette-Guerin (BCG), based on their tumor immune microenvironment gene expression signatures.
Title:		Transcriptomic Examination of Grade Group 1 Prostate Cancer After Radical Prostatectomy
Presenter:		Nicole Handa, M.D., Feinberg School of Medicine, Northwestern University
Format:		Moderated Poster (MP10-10)
Date/Time:		Saturday, April 26; 3:30-5:30 p.m. PT
Room:		Casanova 503
Overview:		There is growing discussion among prostate cancer experts about whether Grade Group 1 prostate cancer should be labeled as “cancer” because of belief that it is unlikely to metastasize. This study leveraged Decipher GRID data to examine a panel of adverse molecular features associated with metastasis and lethal disease in these patients.
Title:		Regional Prostate Cancer Transcriptomic Heterogeneity Observed in a Comparative Analysis with a National Cohort
Presenter:		Deepak Kapoor, M.D., Icahn School of Medicine at Mount Sinai
Format:		Poster (IP05-05)
Date/Time:		Saturday, April 26; 1:00-3:00 p.m. PT
Room:		Casanova 501
Overview:		In this study, researchers used Decipher GRID to characterize and compare the transcriptomes of prostate cancer patients seen at their large, New York-based urology practice. They then also compared their findings to those from the overall U.S. national population tested with Decipher.

“Use of the Decipher GRID research tool enabled us to better understand regional transcriptomic differences in a large single-institution patient population,” said Deepak Kapoor, M.D., clinical professor of Urology at the Icahn School of Medicine at Mount Sinai, past president of the Large Urology Group Practice Association (LUGPA) and principal author of the study. “This understanding is important because it can help inform precision medicine for these patients, which is where the field is going.”

Additional Decipher Genomic Classifier and GRID-focused abstracts to be presented are:

Title:		Validation of PAM50 and PSC Genomic Classifier Systems for Predicting Prostate Cancer Progression in Active Surveillance: Results from the Miami MAST Prospective Clinical Trial
Presenter:		Jonathan Ryan, Nova Southeastern University
Format:		Moderated Poster (MP10-06)
Date/Time:		Saturday, April 26; 3:30-5:30 p.m. PT
Room:		Casanova 503
Title:		Evaluating the association between the luminal proliferative subtype of prostate cancer with grade reclassification: Results from Canary Prostate Active Surveillance Study (PASS)
Presenter:		Meera Chappidi, M.D., University of Washington School of Medicine
Format:		Moderated Poster (MP10-08)
Date/Time:		Saturday, April 26; 3:30-5:30 p.m. PT
Room:		Casanova 503

More information about Veracyte’s presence at AUA 2025 can be found at the company’s booth (#1015) and on the company’s website here.

About Decipher GRID

The Decipher GRID database includes more than 200,000 whole-transcriptome profiles from patients with urologic cancers and is used by Veracyte and its partners to contribute to continued research and help advance understanding of prostate and other urologic cancers. GRID-derived information is available on a Research Use Only basis. More information about Decipher GRID can be found here.

About Decipher Prostate

The Decipher Prostate Genomic Classifier is a 22-gene test, developed using RNA whole-transcriptome analysis and machine learning, that helps inform treatment decisions for patients with prostate cancer. The test is performed on biopsy or surgically resected samples and provides an accurate risk of developing metastasis with standard treatment. Armed with this information, physicians can better personalize their patients’ care and may recommend less-intensive options for those at lower risk or earlier, more-intensive treatment for those at higher risk of metastasis. The Decipher Prostate test’s performance and clinical utility has been demonstrated in over 85 studies involving more than 200,000 patients. It is the only gene expression test to achieve “Level I” evidence status and inclusion in the risk-stratification table in the most recent NCCN® Guidelines* for prostate cancer. More information about the Decipher Prostate test can be found here.

About Decipher Bladder

The Decipher Bladder Genomic Classifier is a 219-gene test, developed using RNA whole-transcriptome analysis and machine learning, that is designed for use in patients following bladder cancer diagnosis who face questions regarding treatment intensity. The test classifies bladder tumors into five molecular subtypes, each having distinct tumor biology and potential clinical implications. This information can help physicians and their patients better understand the degree of benefit that would likely be gained from neoadjuvant chemotherapy and/or the likelihood of harboring non-organ-confined disease at time of surgery, respectively. More information about the Decipher Bladder test can be found here.

About Veracyte

Veracyte (Nasdaq: VCYT) is a global diagnostics company whose vision is to transform cancer care for patients all over the world. We empower clinicians with the high-value insights they need to guide and assure patients at pivotal moments in the race to diagnose and treat cancer. Our Veracyte Diagnostics Platform delivers high-performing cancer tests that are fueled by broad genomic and clinical data, deep bioinformatic and AI capabilities, and a powerful evidence-generation engine, which ultimately drives durable reimbursement and guideline inclusion for our tests, along with new insights to support continued innovation and pipeline development. For more information, please visit www.veracyte.com or follow us on LinkedIn or X (Twitter).

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements, including, but not limited to our statements related to the potential power of Decipher GRID tool to fuel new insights from the molecular characterization of prostate and bladder cancers; that these insights will ultimately enable physicians to deliver more-personalized care and better outcomes for patients; and that use of Decipher and the GRID research tool enabled a better understanding of regional transcriptomic differences in a large single-institution patient population and can help inform precision medicine for these patients, which is where the field is going. Forward-looking statements can be identified by words such as: “appears,” “anticipate,” “intend,” “plan,” “expect,” “believe,” “should,” “may,” “will,” “enable,” “positioned,” “offers,” “designed,” “ultimately,” and similar references to future periods. Actual results may differ materially from those projected or suggested in any forward-looking statements. These statements involve risks and uncertainties, which could cause actual results to differ materially from our predictions, and include, but are not limited to the potential impact the Veracyte Diagnostics Platform can have on scientific advancements in cancer and, in turn, patient care. Additional factors that may impact these forward-looking statements can be found under the caption “Risk Factors” in our Annual Report on Form 10-K filed on February 28, 2025. Copies of these documents, when available, may be found in the Investors section of our website at https://investor.veracyte.com. These forward-looking statements speak only as of the date hereof and, except as required by law, we specifically disclaim any obligation to update these forward-looking statements or reasons why actual results might differ, whether as a result of new information, future events or otherwise.

Veracyte, the Veracyte logo, and Decipher are registered trademarks of Veracyte, Inc., and its subsidiaries in the U.S. and selected countries.

* National Comprehensive Cancer Network. NCCN makes no warranties of any kind whatsoever regarding their content, use or application and disclaims any responsibility for their application or use in any way.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250422501694/en/

Investors:

Shayla Gorman

[email protected]

619-393-1545

Media:

Tracy Morris

[email protected]

650-380-4413

KEYWORDS: United States North America California Nevada

INDUSTRY KEYWORDS: Science Biotechnology Research Public Relations/Investor Relations General Health Health Communications Other Health

MEDIA:

Logo

Affirm Expands Credit Reporting with TransUnion to All Pay-Over-Time Products

New reporting will not impact scores in near-term, but advances efforts to help consumers build credit histories and support positive credit outcomes

SAN FRANCISCO & CHICAGO–(BUSINESS WIRE)–
Affirm Holdings, Inc. (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, is expanding the credit reporting of its pay-over-time products to TransUnion (NYSE: TRU), the companies jointly announced today. All Affirm pay-over-time loans issued from May 1, 2025 onward, including Pay in 4 and longer-term monthly installments, will be reported to TransUnion.

Consumers will see details about all Affirm transactions on their TransUnion credit files, though these transactions will not be factored into traditional credit scores nor visible to lenders in the near-term. As more pay-over-time providers report account information to the credit bureaus, lenders who request TransUnion credit reports will also be able to view consumers’ pay-over-time history. In the future, as new credit scoring models are developed, this information may factor into consumers’ scores, with the aim of supporting more informed lending decisions and helping consumers build their credit histories.

“Affirm is committed to protecting and empowering consumers through our products and practices – from having no late or hidden fees to supporting positive credit outcomes through responsible lending,” said Libor Michalek, Affirm’s President. “Including all loans in a consumer’s credit profile is a crucial step toward making Affirm’s honest financial products even more mainstream. We look forward to TransUnion’s partnership as we continue to drive greater adoption of Affirm and further our position as the most pro-consumer provider in the industry, offering unmatched flexibility and transparency.”

TransUnion research found nearly 40% of consumers who haven’t used buy now, pay later are likely or very likely to use them in the future. Notably, a higher 53% of non-users would be likely or very likely to use them if it had the potential to have a positive impact on credit scores.

“Affirm’s loan furnishing to TransUnion is an exciting milestone for the industry,” said Steve Chaouki, President, U.S. Markets and Consumer Interactive, TransUnion. “Millions of consumers use Affirm’s pay-over-time financing and they deserve to get credit for their payment behavior.”

Affirm will continue to work closely with other industry stakeholders to standardize policies for furnishing information across loan products.

About Affirm

Affirm’s mission is to deliver honest financial products that improve lives. By building a new kind of payment network — one based on trust, transparency, and putting people first — we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X.

About TransUnion (NYSE: TRU)

TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

http://www.transunion.com/business

AFRM-PA

View source version on businesswire.com: https://www.businesswire.com/news/home/20250422712212/en/

Affirm

[email protected]

TransUnion

Dave Blumberg

[email protected]

312-972-6646

KEYWORDS: United States North America Canada California Illinois

INDUSTRY KEYWORDS: Finance Payments Professional Services Other Technology Technology

MEDIA:

Posted on April 22, 2025 9:04 am

Enlight to Supply Vishay with $105m of Clean Power Over 12 Years

Enlight continues to drive the transition of the Israeli economy to renewable energy

TEL AVIV, Israel, April 22, 2025 (GLOBE NEWSWIRE) — Enlight Renewable Energy (“Enlight”, “the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading renewable energy platform, announced that it has signed an agreement with Vishay Israel Ltd. for the supply of electricity valued at approximately $105m for a period of 12 years, and includes an option to significantly increase consumption volumes over the life of the contract.

Vishay joins other leading entities in Israel that have signed clean electricity supply agreements with Enlight in recent months, including the Weizmann Institute of Science, NTA Metropolitan Mass Transit, Amdocs, Big Shopping Centers, SodaStream, and Applied Materials.

Enlight, which owns the largest portfolio of renewable energy assets in Israel, is leading the transition of the country’s economy to clean power following the electricity market’s deregulation, which allows large consumers to enter into direct supply agreements with power producers.

The agreement with Enlight will help Vishay,  one of the world’s largest manufacturers of discrete semiconductors and passive electronic components, to significantly reduce its electricity costs Israel. In addition, the related reduction in emissions will be equivalent to planting approximately 740,000 new trees per year or removing about 17,000 fuel-powered vehicles from the road each year.

Gilad Peled, CEO of Enlight MENA
, commented, “Enlight congratulates Vishay, one of the largest electronic component manufacturers in the world, on its decision to switch its plants in Israel to clean and environmentally friendly energy. This deal follows a series of agreements we have reached with some of the highest-quality companies in Israel. These firms have chosen to lead on environmental responsibility, and are an example to the entire economy. In addition to its environmental benefits, the agreement with Enlight will allow Vishay’s plants in Israel to save millions of dollars on their electricity bills, and serves as another example of how renewable energy increases competition and reduces power costs in Israel.”

Boaz Bazak, Director of IEHS, Vishay Israel, commented, “The agreement marks a significant step in our ongoing commitment to sustainability and energy efficiency. This partnership will provide our manufacturing facilities with clean, reliable energy at lower rates, enhancing our operational efficiency and reducing our environmental impact. It aligns perfectly with our mission to promote sustainability and reduce our carbon footprint. By securing renewable electricity at a discounted price, we can continue to grow while supporting global efforts to combat climate change.”

About Enlight Renewable Energy

Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind and energy storage. A global platform, Enlight operates in the United States, Israel and 10 European countries. Enlight has been traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT) and completed its U.S. IPO (Nasdaq: ENLT) in 2023. Learn more at www.enlightenergy.co.il.

About Vishay
Intertechnology

Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech. Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.vishay.com.

Contacts:

Yonah Weisz
Director IR
[email protected]

Erica Mannion or Mike Funari
Sapphire Investor Relations, LLC
+1 617 542 6180
[email protected]

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding the Company’s expectations relating to the Project, the PPA and the related interconnection agreement and lease option, and the completion timeline for the Project, are forward-looking statements. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” “forecasts,” “aims” or the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our ability to site suitable land for, and otherwise source, renewable energy projects and to successfully develop and convert them into Operational Projects; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives for, or regulations mandating the use of, renewable energy; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, the impact of tariffs on the cost of construction and our ability to mitigate such impact, sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2024, filed with the Securities and Exchange Commission (the “SEC”) and our other documents filed with or furnished to the SEC.

These statements reflect management’s current expectations regarding future events and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as may be required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Posted on April 22, 2025 9:03 am

Fluence Releases Fiscal Year 2024 Sustainability Report

Report highlights implementation of responsible sourcing framework, including the assessment of 844 suppliers, as well as progress on other sustainability efforts

ARLINGTON, Va., April 22, 2025 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a global market leader delivering intelligent energy storage, services, and asset optimization software, today released its fiscal year 2024 Sustainability Report (the “Report”), covering the period from October 1, 2023, to September 30, 2024. A key highlight of the Report is the implementation of a responsible sourcing framework. This initiative, which is part of Fluence’s broader commitment to sustainability and ethical business practices, involves substantial investments to support fair labor practices and prevent the use of conflict minerals throughout its supply chain.

Now in its third year, the Report outlines Fluence’s progress across a wide range of environmental, social, and governance (ESG) initiatives and presents the Company’s multi-year sustainability roadmap, which includes plans to further reduce embodied carbon in products, implement circular economy principles, and strengthen community engagement, along with several additional focus areas.

“When I think about where Fluence stands today, one word comes to mind: momentum,” said Fluence President and CEO Julian Nebreda. “Over the past year, we have advanced our sustainability efforts in ways that reflect both program maturity and ambition. It is clear that our progress is no longer about laying the groundwork—it is about driving meaningful change at scale to generate the most value for our customers, shareholders, partners, employees, and communities.”

Highlights from the 2024 Sustainability Report include:

• Submission of Fluence’s first Carbon Disclosure Project (CDP) climate disclosure, following its first Task Force on Climate-Related Financial Disclosures (TCFD) report in 2023.
• Completion of the company’s Communication on Progress (CoP) as a signatory to the United Nations Global Compact (UNGC) within the first year of joining.
• Expansion of greenhouse gas (GHG) emissions measurement to include nearly all applicable Scope 3 categories, along with offsets for Scope 1 emissions.

Fluence’s sustainability strategy is aligned with the UNGC Ten Principles and supports several United Nations Sustainable Development Goals. The Report is informed by the Sustainability Accounting Standards Board (SASB) Fuel Cells & Industrial Batteries standard, references the Global Reporting Initiative (GRI), and aligns with TCFD recommendations.

To download the Fluence fiscal year 2024 Sustainability Report, visit Fluence’s website.

About Fluence

Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company’s solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed, and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future.

For more information, visit our website, or follow us on LinkedIn or X. To stay up to date on the latest industry insights, sign up for Fluence’s Full Potential Blog.

Forward-Looking Statements
The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding our future business expectations, plans and objectives and our sustainability plans, goals, initiatives, and programs. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “may,” “possible,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “commits”, or “continue” or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, regulatory changes in jurisdictions in which we operate and other factors set forth under Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024, filed with the Securities and Exchange Commission (“SEC”) on November 29, 2024, and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.

ESG Contact

Scott R. Miller, Sustainability Program Senior Manager
Email: [email protected]

Media Contact

Shayla Ebsen, Director of Communications
Email: [email protected]
Phone: +1 (605) 645-7486

Analyst Contact

Lexington May, Vice President of Investor Relations and Sustainability
Email: [email protected]
Phone: +1 (713) 909-5629

Posted on April 22, 2025 9:03 am

Scilex Holding Company Announces Change in Record Date for its Previously Announced Dividend of Preferred Stock Exchangeable for up to 10% of Scilex’s Ownership Interest in Semnur Pharmaceuticals, Inc., its Wholly Owned Subsidiary from April 11, 2025 to May 2, 2025

PALO ALTO, Calif., April 22, 2025 (GLOBE NEWSWIRE) — Scilex Holding Company (Nasdaq: SCLX, “Scilex” or “Company”), an innovative revenue-generating company focused on acquiring, developing and commercializing non-opioid pain management products for the treatment of acute and chronic pain and neurodegenerative and cardiometabolic disease, today announced that its Board of Directors has approved changing the previously announced record date of April 11, 2025 for its previously announced dividend of Scilex preferred stock (the “Dividend”) to its stockholders and certain other securityholders of Scilex. The new record date for the Dividend will be May 2, 2025 (the “New Record Date”). Subject to the Board’s right to further change the New Record Date, the payment date (the “Payment Date”) will be determined by subsequent resolutions of the Board, which will be within 60 days following the New Record Date.

For more information on Scilex Holding Company, refer to www.scilexholding.com

For more information on Semnur Pharmaceuticals, Inc., refer to www.semnurpharma.com

For more information on ZTlido^®, including Full Prescribing Information, refer to www.ztlido.com.

For more information on ELYXYB^®, including Full Prescribing Information, refer to www.elyxyb.com.

For more information on Gloperba^®, including Full Prescribing Information, refer to www.gloperba.com.      

https://www.facebook.com/scilex.pharm

https://www.linkedin.com/company/scilex-holding-company/

[email protected]

About Scilex Holding Company

Scilex Holding Company is an innovative revenue-generating company focused on acquiring, developing and commercializing non-opioid pain management products for the treatment of acute and chronic pain and neurodegenerative and cardiometabolic disease. Scilex targets indications with high unmet needs and large market opportunities with non-opioid therapies for the treatment of patients with acute and chronic pain and is dedicated to advancing and improving patient outcomes. Scilex’s commercial products include: (i) ZTlido^® (lidocaine topical system) 1.8%, a prescription lidocaine topical product approved by the U.S. Food and Drug Administration (the “FDA”) for the relief of neuropathic pain associated with postherpetic neuralgia, which is a form of post-shingles nerve pain; (ii) ELYXYB®, a potential first-line treatment and the only FDA-approved, ready-to-use oral solution for the acute treatment of migraine, with or without aura, in adults; and (iii) Gloperba^®, the first and only liquid oral version of the anti-gout medicine colchicine indicated for the prophylaxis of painful gout flares in adults.

In addition, Scilex has three product candidates: (i) SP-102 (10 mg, dexamethasone sodium phosphate viscous gel) (“SEMDEXA” or “SP-102”), a novel, viscous gel formulation of a widely used corticosteroid for epidural injections to treat lumbosacral radicular pain, or sciatica, for which Scilex has completed a Phase 3 study and was granted Fast Track status from the FDA in 2017; (ii) SP-103 (lidocaine topical system) 5.4%, (“SP-103”), a next-generation, triple-strength formulation of ZTlido, for the treatment of acute pain and for which Scilex has recently completed a Phase 2 trial in acute low back pain. SP-103 has been granted Fast Track status from the FDA in low back pain; and (iii) SP-104 (4.5 mg, low-dose naltrexone hydrochloride delayed-release capsules) (“SP-104”), a novel low-dose delayed-release naltrexone hydrochloride being developed for the treatment of fibromyalgia.

Scilex Holding Company is headquartered in Palo Alto, California.

About Semnur Pharmaceuticals, Inc.

Semnur Pharmaceuticals, Inc. (“Semnur”) is a clinical late-stage specialty pharmaceutical company focused on the development and commercialization of novel non-opioid pain therapies. Semnur’s product candidate, SP-102 (SEMDEXA™), is the first non-opioid novel gel formulation administered epidurally in development for patients with moderate to severe chronic radicular pain/sciatica.

Semnur Pharmaceuticals, Inc. is headquartered in Palo Alto, California

Forward-Looking Statements

This press release and any statements made for and during any presentation or meeting concerning the matters discussed in this press release contain forward-looking statements related to Scilex and its subsidiaries under the safe harbor provisions of Section 21E of the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements include statements regarding Scilex’s declaration and payment of the Dividend and timing thereof (including that the Board may change the New Record Date and, as a result, the Payment Date), Scilex’s potential development and commercialization of treatments for obesity, neurodegenerative, cardiometabolic disease.

Risks and uncertainties that could cause Scilex’s actual results to differ materially and adversely from those expressed in our forward-looking statements, include, but are not limited to: risks associated with the Board’s right to change the New Record Date and/or revoke the Dividend, Scilex’s ability to develop and commercialize treatments for obesity, neurodegenerative, cardiometabolic disease; risks associated with the unpredictability of trading markets and whether a market will be established for Scilex’s common stock; general economic, political and business conditions; risks related to COVID-19 (and other similar disruptions); the risk that the potential product candidates that Scilex develops may not progress through clinical development or receive required regulatory approvals within expected timelines or at all; risks relating to uncertainty regarding the regulatory pathway for Scilex’s product candidates; the risk that Scilex will be unable to successfully market or gain market acceptance of its product candidates; the risk that Scilex’s product candidates may not be beneficial to patients or successfully commercialized; the risk that Scilex has overestimated the size of the target patient population, their willingness to try new therapies and the willingness of physicians to prescribe these therapies; risks that the outcome of the trials and studies for SP-102, SP-103 or SP-104 may not be successful or reflect positive outcomes; risks that the prior results of the clinical and investigator-initiated trials of SP-102 (SEMDEXA™), SP-103 or SP-104 may not be replicated; regulatory and intellectual property risks; and other risks and uncertainties indicated from time to time and other risks described in Scilex’s most recent periodic reports filed with the Securities and Exchange Commission, including Scilex’s Annual Report on Form 10-K for the year ended December 31, 2024 and subsequent Quarterly Reports on Form 10-Q that the Company has filed or may file with the SEC, including the risk factors set forth in those filings. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and Scilex undertakes no obligation to update any forward-looking statement in this press release except as may be required by law.

Contacts:

Investors and Media
Scilex Holding Company
960 San Antonio Road
Palo Alto, CA 94303
Office: (650) 516-4310

Email: [email protected]

Website: www.scilexholding.com

SEMDEXA™ (SP-102) is a trademark owned by Semnur Pharmaceuticals, Inc., a wholly-owned subsidiary of Scilex Holding Company. A proprietary name review by the FDA is planned.

ZTlido^® is a registered trademark owned by Scilex Pharmaceuticals Inc., a wholly-owned subsidiary of Scilex Holding Company.

Gloperba^® is the subject of an exclusive, transferable license to use the registered trademark by Scilex Holding Company.

ELYXYB^® is a registered trademark owned by Scilex Holding Company.

All other trademarks are the property of their respective owners.

© 2025 Scilex Holding Company All Rights Reserved.