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LanzaTech Acknowledges Receipt of Letter

CHICAGO, April 04, 2025 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), a carbon management solutions company, today acknowledged that the Company has received a non-binding letter from Carbon Direct Capital Management, which purports to offer to acquire the Company for $0.02 per share.

At this point in time, shareholders are not required to take any action. As part of its ongoing evaluation of strategic options available to maximize value for stakeholders, the LanzaTech Board of Directors will review the letter in consultation with its independent legal and financial advisors. There can be no assurance that the Company will pursue this proposed transaction or any other strategic outcome, and the Company does not intend to comment further on this matter unless and until further disclosure is determined to be appropriate or necessary.

About LanzaTech

LanzaTech Global, Inc. (NASDAQ: LNZA) is a leading carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein for everyday products. Using its bio-recycling technology, LanzaTech captures carbon generated by energy-intensive industries at the source, preventing it from being emitted into the air. LanzaTech then gives that captured carbon a new life as a clean replacement for virgin fossil carbon in everything from household cleaners and clothing fibers to packaging and fuels. By partnering with companies across the global supply chain, LanzaTech is paving the way for a circular carbon economy. For more information about LanzaTech, visit https://lanzatech.com.

Forward Looking Statements

This press release includes forward-looking statements regarding, among other things, the plans, strategies, and prospects, both business and financial, of LanzaTech. These statements are based on the beliefs, assumptions, projections and conclusions of LanzaTech’s management. Forward-looking statements are inherently subject to risks, uncertainties and assumptions, many of which are outside LanzaTech’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. LanzaTech cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are not guarantees of future performance, conditions or results, and you should not rely on forward-looking statements.

Generally, statements that are not historical facts, including those concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar expressions. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: timing delays in the advancement of projects to the final investment decision stage or into construction; failure by customers to adopt new technologies and platforms; fluctuations in the availability and cost of feedstocks and other process inputs; the availability and continuation of government funding and support; broader economic conditions, including inflation, interest rates, supply chain disruptions, employment conditions, and competitive pressures; unforeseen technical, regulatory, or commercial challenges in scaling proprietary technologies, business functions or operational disruptions; and other economic, business, or competitive factors, and other risks and uncertainties, including the risk factors and other information contained in LanzaTech’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, as well as other existing and future filings with the U.S. Securities and Exchange Commission.

Any forward-looking statement herein is based only on information currently available to LanzaTech and speaks only as of the date on which it is made. LanzaTech undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contacts:

Kate Walsh
VP, Investor Relations
[email protected]



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Matador Resources Company Announces Sale of Its Eagle Ford Assets and Provides an Update on the Strength of Its Balance Sheet

Matador Resources Company Announces Sale of Its Eagle Ford Assets and Provides an Update on the Strength of Its Balance Sheet

DALLAS–(BUSINESS WIRE)–
Matador Resources Company (NYSE: MTDR) (“Matador”) today announced the sale of its remaining Eagle Ford shale position in South Texas and provided an update on its current hedging position, the strength of its balance sheet and steps Matador has already taken in response to current circumstances.

Joseph Wm. Foran, Matador’s Founder, Chairman and CEO, commented, “Matador is pleased to announce that we recently sold our two remaining acreage and production positions in the Eagle Ford shale in La Salle, Karnes and Atascosa Counties in South Texas in a series of transactions. Over the last two quarters, Matador received proceeds of over $30 million from these sale transactions. The Eagle Ford shale has been a productive asset for Matador and was the steppingstone for Matador as it gained experience and built its acreage position in the Delaware Basin. Matador is excited to continue its primary focus on developing its high-quality acreage in the northern Delaware Basin, which Matador believes is recognized as the most prolific basin in the United States and where Matador owns approximately 200,000 net acres, approximately 80% of which is held by production.

Debt Repayment

“Matador applied a portion of its cash flows and over $30 million in proceeds from the sale of its Eagle Ford assets to reduce the borrowings under its credit facility. In total, Matador repaid $180 million of its borrowings under its credit facility during the first quarter of 2025 and ended the quarter with $405 million outstanding under this credit facility and, based on a preliminary review of our results for the first quarter, an expected leverage ratio of one times or less as of March 31, 2025. Notably, Matador finished the first quarter of 2025 in the strongest financial position in its history with approximately $1.8 billion in liquidity.

New Oil Hedges

“In light of prior experience in turbulent times, Matador entered into additional oil hedges during the first quarter of 2025. A summary of our oil costless collars is provided in the following table:

Oil Costless Collars

Volume Hedged

(Bbl per day)

Weighted Average Price Floor

($/Bbl)

Weighted Average Price Ceiling

($/Bbl)

H1 2025

45,000

$60

$86

H2 2025

70,000

$52

$77

Precautionary Actions for Turbulent Times

“Matador has taken other precautionary actions in preparation for these turbulent times. From experience, we believed it was prudent to fortify Matador’s balance sheet by entering into additional hedges and selling non-core assets as discussed above. Matador also structured its rig contracts with optionality to quickly decrease or increase its drilling program based upon market conditions. Furthermore, Matador expects steel prices for goods such as casing, valves and surface equipment will increase in 2025 due to recent tariffs. To protect its financial position, Matador has already secured inventory for the majority of its 2025 drilling program. Matador does not expect any recent tariffs to impact its well costs until the second half of 2025. These precautionary actions taken by Matador have helped minimize the impact of recent volatility in commodity prices on its operations.

Opportunities Ahead

“Over the past 40 years, during volatile times like the one that we are currently experiencing, Matador or its predecessors have made some of their most significant acquisitions, drilled some of their most profitable prospects and hired key individuals that have contributed significantly to Matador’s success going forward. Matador remains optimistic about its plans and drilling inventory for the remainder of 2025 and beyond. With the recent decrease in Matador’s stock price, we expect that Matador’s board of directors will consider implementing a stock repurchase program later this month at its regularly scheduled meeting if present circumstances continue. Any such stock repurchase program would be incremental to our current quarterly fixed dividend of $0.3125 per share, which remains well within our means at current commodity prices. We express our gratitude for the support of our shareholders, vendors, partners and other friends and welcome you to call us or to come visit us in Dallas anytime.”

About Matador Resources Company

Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.

For more information, visit Matador Resources Company at www.matadorresources.com.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about guidance, projected or forecasted financial and operating results, future liquidity, the payment of dividends, share repurchases, results in certain basins, objectives, project timing, expectations and intentions, regulatory and governmental actions and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, disruption from Matador’s acquisitions or dispositions making it more difficult to maintain business and operational relationships; significant transaction costs associated with Matador’s acquisitions or dispositions; the risk of litigation and/or regulatory actions related to Matador’s acquisitions or dispositions, as well as the following risks related to financial and operational performance: general economic conditions; Matador’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; the operating results of Matador’s midstream oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on Matador’s operations due to seismic events; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, capital markets, available borrowing capacity under its revolving credit facilities and otherwise; the operating results of and the availability of any potential distributions from our joint ventures; weather and environmental conditions; and the other factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

Mac Schmitz

Senior Vice President – Investor Relations

(972) 371-5225

[email protected]

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Oil/Gas Energy

MEDIA:

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Molson Coors Beverage Company to Webcast 2025 First Quarter Earnings Conference Call

Molson Coors Beverage Company to Webcast 2025 First Quarter Earnings Conference Call

GOLDEN, Colo. & MONTREAL–(BUSINESS WIRE)–
Molson Coors Beverage Company (NYSE: TAP, TAP.A; TSX: TPX.B, TPX.A) will host a webcast of the Company’s 2025 First Quarter Earnings Conference Call with investors and financial analysts at 8:30 a.m. Eastern Time on Thursday, May 8, 2025. The Company is expected to release earnings at approximately 6:30 a.m. Eastern Time on the same day.

The webcast will be accessible via the Investor Relations page of the Molson Coors Beverage Company website, ir.molsoncoors.com. An online replay of the earnings call webcast is expected to be posted within two hours following the live webcast.

Overview of Molson Coors Beverage Company

For over two centuries, we have been brewing beverages that unite people to celebrate all life’s moments. From our core power brands Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling and Ožujsko to our above premium brands including Madrí Excepcional, Staropramen, Blue Moon Belgian White and Leinenkugel’s Summer Shandy, to our economy and value brands like Miller High Life and Keystone Light, we produce many beloved and iconic beer brands. While our Company’s history is rooted in beer, we offer a modern portfolio that expands beyond the beer aisle as well, including flavored beverages like Vizzy Hard Seltzer, spirits like Five Trail whiskey and non-alcoholic beverages. We also have partner brands, such as Simply Spiked, ZOA Energy, among others, through license, distribution, partnership and joint venture agreements. As a business, our ambition is to be the first choice for our people, our consumers and our customers, and our success depends on our ability to make our products available to meet a wide range of consumer segments and occasions.

To learn more about Molson Coors Beverage Company, visit molsoncoors.com.

About Molson Coors Canada Inc.

Molson Coors Canada Inc. (MCCI) is a subsidiary of Molson Coors Beverage Company (MCBC). MCCI Class A and Class B exchangeable shares offer substantially the same economic and voting rights as the respective classes of common shares of MCBC, as described in MCBC’s annual proxy statement and annual report on Form 10-K filings with the U.S. Securities and Exchange Commission. The trustee holder of the special Class A voting stock and the special Class B voting stock has the right to cast a number of votes equal to the number of then outstanding Class A exchangeable shares and Class B exchangeable shares, respectively.

Investor Relations:

Traci Mangini

(415) 308-0151

News Media:

Rachel Gellman Johnson

(314) 452-9673

KEYWORDS: United States North America Canada Colorado

INDUSTRY KEYWORDS: Food/Beverage Retail

MEDIA:

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MarketAxess Announces Trading Volume Statistics for March and First Quarter 2025

MarketAxess Announces Trading Volume Statistics for March and First Quarter 2025

Strong Finish to 1Q25 Driven by Record Total Credit ADV in March 2025, Up 20%

Record Total Portfolio Trading ADV in March 2025 and 1Q25

Record Levels of Block Trading in Emerging Markets and Eurobonds in 1Q25

NEW YORK–(BUSINESS WIRE)–
MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million (“FPM”) for March 2025 and the first quarter ended March 31, 2025.1

Chris Concannon, CEO of MarketAxess, commented:

“Our record trading results in March, combined with the progress we are seeing from the enhancements we have made to our portfolio trading solution, the launch of our High Touch block trading solution in eurobonds and emerging markets, and our dealer solutions offering, helped drive our record 1Q25 ADV performance. We generated record 1Q25 total ADV on record ADV across most of our product areas, which included record portfolio trading ADV and record block trading ADV across both emerging markets and eurobonds. We also generated record Dealer RFQ ADV, driven in part by improving market share of this important channel. We are encouraged by the increase in volatility in the markets and record levels of Open Trading activity on our platform, which helped drive improved estimated market share in March relative to February. We believe the new capabilities we have launched, combined with continued volatility in the market, should help drive higher levels of market share in U.S. credit in the coming quarters.”

Records for March and First Quarter 2025

  • Total average daily volume(“ADV”) in March 2025 and 1Q25 of $46.5 billion and $42.9 billion, respectively.
  • Total credit ADV in March 2025 and 1Q25 of $17.8 billion and $15.9 billion, respectively.
  • U.S. high-grade ADV March 2025 and 1Q25 of $8.7 billion and $7.6 billion, respectively.
  • Emerging markets ADV in 1Q25 of $3.9 billion.
    • Block trading ADV in March 2025 and 1Q25 of $1.7 billion and $1.6 billion, respectively.
  • Eurobonds ADV in March 2025 and 1Q25 of $2.7billion and $2.3 billion, respectively.
    • Block trading ADV 1Q25 of $407 million.
  • Total portfolio trading ADV in March 2025 and 1Q25 of $1.5 billion and $1.3 billion, respectively.
    • Portfolio trading volume executed over X-Pro in March 2025 and 1Q25 of 91% and 85%, respectively.
  • Dealer RFQ ADV in March and 1Q25 of $2.0 billion and $1.8 billion, respectively.
  • Open Trading ADV in March 2025 and 1Q25 of $5.5 billion and $4.8 billion, respectively.
  • AxessIQ ADV in March 2025 and 1Q25 of $175 million and $159 million, respectively.

Select March and First Quarter 2025 Highlights

Trading ADV

  • Record March 2025 total ADV of $46.5 billion increased 46% compared to the prior year, and increased 7% compared to February 2025 levels driven by record total credit ADV. Record 1Q25 total ADV of $42.9 billion increased 31% compared to the prior year, and increased 5% compared to 4Q24 levels driven by record total credit ADV.

Table 1: MarketAxess Trading ADV2
Month % Change Quarter % Change
Mar-25 Feb-25 Mar-24 YoY MoM

 

1Q25

 

4Q24

 

1Q24

 YoY QoQ
MKTX TRADING ADV ($ millions)
Credit
U.S. High-Grade

$

8,666

$

7,061

$

7,233

20

%

23

%

$

7,562

$

6,454

$

7,475

1

%

17

 

%

U.S. High-Yield

 

1,701

 

1,438

 

1,361

25

18

 

1,475

 

1,345

 

1,400

5

10

 

Emerging Markets

 

4,090

 

4,105

 

3,533

16

0

 

3,939

 

3,459

 

3,630

9

14

 

Eurobonds

 

2,680

 

2,272

 

2,255

19

18

 

2,348

 

2,001

 

2,045

15

17

 

Other Credit Products2

 

639

 

617

 

432

48

4

 

598

 

624

 

432

38

(4

)

Municipal Bonds

 

635

 

614

 

417

52

3

 

594

 

620

 

419

42

(4

)

Total MKTX Credit ADV

$

17,776

$

15,493

$

14,814

20

15

$

15,922

$

13,883

$

14,982

6

15

 

Rates
U.S. Government Bonds

$

27,624

$

26,901

$

16,450

68

%

3

%

$

25,936

$

25,952

$

17,144

51

%

(0

)

%

Agencies and Other Government Bonds

 

1,090

 

969

 

567

92

12

 

1,047

 

1,195

 

506

107

(12

)

Total MKTX Rates ADV

$

28,714

$

27,870

$

17,017

69

3

$

26,983

$

27,147

$

17,650

53

(1

)

Total MKTX Trading ADV

$

46,490

$

43,363

$

31,831

46

7

$

42,905

$

41,030

$

32,632

31

5

 

U.S. Trading Days3

 

21

 

19

 

20

 

61

 

62

 

61

U.K. Trading Days3

 

21

 

20

 

20

 

63

 

64

 

63

Table 1A: Market Trading ADV
Month % Change Quarter % Change
Mar-25 Feb-25 Mar-24 YoY MoM

 

1Q25

 

4Q24

 

1Q24

 YoY QoQ
MARKET TRADING ADV ($ millions)
Credit
U.S. High-Grade TRACE

$

45,024

$

41,522

$

37,403

20

%

8

 

%

$

41,910

$

34,986

$

38,672

8

%

20

%

U.S. High-Yield TRACE

 

13,605

 

12,999

 

10,718

27

5

 

 

12,419

 

10,061

 

10,880

14

23

Total U.S. Credit TRACE

 

58,629

 

54,522

 

48,121

22

8

 

 

54,329

 

45,046

 

49,552

10

21
Municipal Bonds MSRB

 

9,895

 

8,943

 

6,331

56

11

 

 

9,347

 

8,755

 

6,424

46

7

Rates
U.S. Government Bonds TRACE

$

1,097,090

$

999,242

$

803,810

36

%

10

 

%

$

1,002,379

$

926,037

$

878,389

14

%

8

%

Agency TRACE

 

3,957

 

5,144

 

3,383

17

(23

)

 

4,290

 

3,897

 

3,817

12

10

U.S. Trading Days3

 

21

 

19

 

20

 

61

 

62

 

61

U.K. Trading Days3

 

21

 

20

 

20

 

63

 

64

 

63

Estimated Market Share4

  • U.S. high-grade estimated market share, including the impact of single-dealer portfolio trades, was 20.0% in March 2025, up from 19.8% in the prior year, and up from 17.8% in February 2025. In 1Q25, including the impact of single-dealer portfolio trades, U.S. high-grade estimated market share was 18.6%, down from 19.7% in the prior year, and down slightly from 18.8% in 4Q24.
  • U.S. high-yield estimated market share, including the impact of single-dealer portfolio trades,was 12.8% in March 2025, down slightly from 13.0% in the prior year, but up from 12.1% in February 2025. In 1Q25, including the impact of single-dealer portfolio trades, U.S. high-yield estimated market share was 12.4%, down from 13.0% in the prior year, and down from 13.7% in 4Q24.
  • Municipal bondestimated market share was 6.4% in March 2025, down slightly from 6.6% in the prior year, and down from 6.9% in February 2025. Municipal bondestimated market share was 6.4% in 1Q25, down slightly from 6.5% in the prior year, and down from 7.1% in 4Q24.
  • Estimated U.S. government bonds market share was 2.5% in March 2025, up from 2.0% in the prior year, but down slightly from 2.7% in February 2025. 1Q25 estimated U.S. government bonds market share was 2.6%, up from 2.0% in the prior year, but down slightly from 2.8% in 4Q24.

Table 1B: Estimated Market Share4
Month % Change Quarter % Change
Mar-25 Feb-25 Mar-24 YoY MoM

1Q25

4Q24

1Q24

 YoY QoQ
MKTX ESTIMATED MARKET SHARE (%)
U.S. High-Grade
% of U.S. High-Grade TRACE (incl. SD PT)4

20.0

%

17.8

%

19.8

%

0.2

 

%

2.2

 

%

18.6

%

18.8

%

19.7

%

(1.1

)

%

(0.2

)

%

% of U.S. High-Grade TRACE (excl. SD PT)4

19.2

%

17.0

%

19.3

%

(0.1

)

2.2

 

18.0

%

18.4

%

19.3

%

(1.3

)

(0.4

)

U.S. High-Yield
% of U.S. High-Yield TRACE (incl. SD PT)4

12.8

%

12.1

%

13.0

%

(0.2

)

%

0.7

 

%

12.4

%

13.7

%

13.0

%

(0.6

)

%

(1.3

)

%

% of U.S. High-Yield TRACE (excl. SD PT)4

12.5

%

11.1

%

12.7

%

(0.2

)

1.4

 

11.9

%

13.4

%

12.9

%

(1.0

)

(1.5

)

Other Credit Products
% of Municipal Bonds MSRB

6.4

%

6.9

%

6.6

%

(0.2

)

%

(0.5

)

%

6.4

%

7.1

%

6.5

%

(0.1

)

%

(0.7

)

%

Rates
% of U.S. Government Bonds TRACE

2.5

%

2.7

%

2.0

%

0.5

 

%

(0.2

)

%

2.6

%

2.8

%

2.0

%

0.6

 

%

(0.2

)

%

Strategic Priority Related Protocols & Workflow Tools

Client-Initiated Channel

  • Record March 2025 emerging markets block trading ADV (hard currency blocks defined as trade sizes ≥ $3 million notional, local currency blocks defined as trade sizes ≥ $5 million notional) of $1.7 billion increased 37% from the prior year, and increased 4% from February 2025. Record 1Q25 emerging markets block trading ADV of $1.6 billion increased 22% from the prior year, and increased 31% from 4Q24. Block trading in emerging markets is benefiting from the launch of our targeted block solution in late 2024, which has generated cumulative trading volume of approximately $1.2 billion since launch.
  • March 2025 eurobonds block trading ADV (defined as trade sizes ≥ $5 million notional) of $510 million increased 106% from the prior year, and increased 34% from February 2025. Record 1Q25 eurobonds block trading ADV of $407 million increased 68% from the prior year, and increased 37% from 4Q24. Block trading in eurobonds is benefiting from the launch of our targeted block solution in January 2025, which has generated cumulative trading volume of over $1.8 billion since launch.

Portfolio Trading Channel5

  • Record March 2025total portfolio trading ADV of $1.5 billion increased 134% compared to the prior year,and increased 4% compared to February 2025. A record91% of portfolio trading volume was executed over X-Pro in March 2025. Record 1Q25total portfolio trading ADV of $1.3 billion increased 78% compared to the prior year,and increased 21% compared to 4Q24. A record85% of portfolio trading volume was executed over X-Pro in 1Q25.
    • March 2025 estimated U.S. credit TRACE portfolio trading market ADV increased 50% compared to the prior year, and increased 12% compared to February 2025. In 1Q25, estimated U.S. credit TRACE portfolio trading market ADV increased 25% compared to the prior year and increased 16% compared to 4Q24.
  • Our estimated market share of U.S. credit TRACE portfolio trading was 20.1% in March 2025, up from 12.5% in the prior year, but down from 20.7% in February 2025. Our estimated market share of U.S. credit TRACE portfolio trading was 18.8% in 1Q25, up from 13.3% in the prior year, and up from 16.2% in 4Q24.

    • Portfolio trading represented approximately 11% of U.S. credit TRACE in March 2025, up from 9% in the prior year, and up slightly from February 2025 levels. Portfolio trading represented approximately 10% of U.S. credit TRACE in 1Q25, up from 9% in the prior year, but down from 11% in 4Q24.

Dealer-Initiated Channel

  • Record March 2025 Dealer RFQ ADV of $2.0 billion across all credit products increased 64% compared to the prior year, and increased 17% compared to February 2025, driven by record Dealer RFQ ADV in U.S. high-grade. Record 1Q25 Dealer RFQ ADV of $1.8 billion across all credit products increased 40% compared to the prior year, and increased 41% compared to 4Q24, driven by record Dealer RFQ ADV in U.S. high-grade and emerging markets.

Other

  • Record March 2025 Open Trading ADV of $5.5 billion increased 29% compared to the prior year,and increased 19% compared to February 2025.Open Trading share6 of total credit trading volume was 37%, up from 33% in the prior year, and up from 36% in February 2025. Record 1Q25 Open Trading ADV of $4.8 billion increased 8% compared to the prior year,and increased 15% compared to 4Q24.Open Trading share6 of total credit trading volume was 35%, up from 34% in the prior year, in line with 35% in 4Q24.
  • AxessIQ, the order and execution workflow solution designed for wealth management and private banking clients, achieved record March 2025 ADV of $175 million, up 21% compared to the prior year, and up 11% compared to February 2025. AxessIQ achieved record 1Q25 ADV of $159 million, up 15% compared to the prior year, and up 8% compared to 4Q24.

Variable Transaction Fees Per Million (FPM)1

  • The year-over-year decline in March 2025 total credit FPM was due to product and protocol mix. The month-over-month decline in March 2025 total credit FPM was due to product mix, principally the lower duration of bonds traded in U.S. high-grade, driven by a decrease in the weighted average years to maturity. The decline in 1Q25 total credit FPM both year-over-year and quarter-over-quarter was principally due to product mix.
  • The decrease in March 2025 total rates FPM year-over-year and the month-over-month increase was driven by the impact of product mix. The decrease in 1Q25 total rates FPM year-over-year and the slight increase quarter-over-quarter was also driven by the impact of product mix.

Table 1C: Variable Transaction Fees Per Million (FPM)1
Month % Change Quarter % Change
Mar-25 Feb-25 Mar-24 YoY MoM

 

1Q25

 

4Q24

 

1Q24

 YoY QoQ
AVG. VARIABLE TRANS. FEE PER MILLION (FPM)
Total Credit

$

136

$

143

$

154

(12

)

%

(5

)

%

$

140

$

150

$

154

(9

)

%

(7

)

%

Total Rates

 

4.61

 

4.29

 

4.81

(4

)

7

 

 

4.32

 

4.31

 

4.79

(10

)

0

 

 
 

1 The FPM for total credit and total rates for March and first quarter 2025 are preliminary and may be revised in subsequent updates and public filings. The Company undertakes no obligation to update any fee information in future press releases.

2 “Other Credit Products” includes municipal bonds, leveraged loans, convertible bonds and structured products.

3 The number of U.S. trading days is based on the SIFMA holiday recommendation calendar and the number of U.K. trading days is based primarily on the U.K. Bank holiday schedule.

4 “SD PT” is defined as single-dealer portfolio trades. The Company is currently highlighting the impact of single-dealer portfolio trading volume on U.S. high-grade and U.S. high-yield trading volume and estimated market share, but will continue to exclude single-dealer portfolio trading activity from each product’s aggregated trading volume and estimated market share and the total credit FPM calculation.

5 Due to variances in how portfolio trading market participants utilized the portfolio trading TRACE “flag,” the Company previously used its own internal methodology for calculating portfolio trading as an estimated percentage of TRACE volume and the Company’s estimated market share. Starting in June 2024, the Company utilized the portfolio trading TRACE flag in its reported portfolio trading TRACE volume and the Company’s portfolio trading estimated market share.

6 Open Trading share of total credit trading volume is derived by taking total Open Trading volume across all credit products where Open Trading is offered and dividing by total credit trading volume across all credit products where Open Trading is offered.

General Notes Regarding the Data Presented

Reported MarketAxess volume in all product categories includes only fully electronic trading volume. MarketAxess trading volumes and the Financial Industry Regulatory Authority (“FINRA”) Trade Reporting and Compliance Engine (“TRACE”) reported volumes are available on the Company’s website at investor.marketaxess.com/volume.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements, including statements about the outlook and prospects for the Company, market conditions and industry growth, as well as statements about the Company’s future financial and operating performance. These and other statements that relate to future results and events are based on MarketAxess’ current expectations. The Company’s actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties, including: global economic, political and market factors; the level of trading volume transacted on the MarketAxess platform; the rapidly evolving nature of the electronic financial services industry; the level and intensity of competition in the fixed-income electronic trading industry and the pricing pressures that may result; the variability of our growth rate; our ability to introduce new fee plans and our clients’ response; our ability to attract clients or adapt our technology and marketing strategy to new markets; risks related to our growing international operations; our dependence on our broker-dealer clients; the loss of any of our significant institutional investor clients; our exposure to risks resulting from non-performance by counterparties to transactions executed between our clients in which we act as an intermediary in matched principal trades; risks related to self-clearing; risks related to sanctions levied against states or individuals that could expose us to operational or regulatory risks; the effect of rapid market or technological changes on us and the users of our technology; issues related to the development and use of artificial intelligence; our dependence on third-party suppliers for key products and services; our ability to successfully maintain the integrity of our trading platform and our response to system failures, capacity constraints and business interruptions; the occurrence of design defects, errors, failures or delays with our platforms, products or services; our vulnerability to malicious cyber-attacks and attempted cybersecurity breaches; our actual or perceived failure to comply with privacy and data protection laws; our ability to protect our intellectual property rights or technology and defend against intellectual property infringement or other claims; our use of open-source software; our ability to enter into strategic alliances and to acquire other businesses and successfully integrate them with our business; our dependence on our management team and our ability to attract and retain talent; limitations on our flexibility because we operate in a highly regulated industry; the increasing government regulation of us and our clients; risks related to the divergence of U.K. and European Union legal and regulatory requirements following the U.K.’s exit from the European Union; our exposure to costs and penalties related to our extensive regulation; our risks of litigation and securities laws liability; our tax filing positions; the effects of climate change or other sustainability risks that could affect our operations or reputation; our future capital needs and our ability to obtain capital when needed; limitations on our operating flexibility contained in our credit agreement; our exposure to financial institutions by holding cash in excess of federally insured limits; and other factors. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. More information about these and other factors affecting MarketAxess’ business and prospects is contained in MarketAxess’ periodic filings with the Securities and Exchange Commission and can be accessed at www.marketaxess.com.

About MarketAxess

MarketAxess (Nasdaq: MKTX) operates a leading electronic trading platform that delivers greater trading efficiency, a diversified pool of liquidity and significant cost savings to institutional investors and broker-dealers across the global fixed-income markets. Approximately 2,100 firms leverage MarketAxess’ patented technology to efficiently trade fixed-income securities. Our automated and algorithmic trading solutions, combined with our integrated and actionable data offerings, help our clients make faster, better-informed decisions on when and how to trade on our platform. MarketAxess’ award-winning Open Trading® marketplace is widely regarded as the preferred all-to-all trading solution in the global credit markets. Founded in 2000, MarketAxess connects a robust network of market participants through an advanced full trading lifecycle solution that includes automated trading solutions, intelligent data and index products and a range of post-trade services. Learn more at www.marketaxess.com and on X @MarketAxess.

Table 2: Trading Volume Detail

 

 

 

 

 

Month Ended March 31,

 

 

In millions (unaudited)

 

 

2025

 

 

2024

 

 

% Change

 

 

 

 

 

Volume

 

 

ADV

 

 

Volume

 

 

 

ADV

 

 

Volume

 

 

ADV

 

 

Credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

High-grade

 

 

$

181,995

 

 

$

8,666

 

 

$

144,659

 

 

 

$

7,233

 

 

 

26

 

%

 

20

 

%

High-yield

 

 

 

35,719

 

 

 

1,701

 

 

 

27,228

 

 

 

 

1,361

 

 

 

31

 

 

 

25

 

 

Emerging markets

 

 

 

85,883

 

 

 

4,090

 

 

 

70,661

 

 

 

 

3,533

 

 

 

22

 

 

 

16

 

 

Eurobonds

 

 

 

56,270

 

 

 

2,680

 

 

 

45,108

 

 

 

 

2,255

 

 

 

25

 

 

 

19

 

 

Other credit

 

 

 

13,431

 

 

 

639

 

 

 

8,650

 

 

 

 

432

 

 

 

55

 

 

 

48

 

 

Total credit trading1

 

 

 

373,298

 

 

 

17,776

 

 

 

296,306

 

 

 

 

14,814

 

 

 

26

 

 

 

20

 

 

Rates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government bonds2

 

 

 

580,113

 

 

 

27,624

 

 

 

329,008

 

 

 

 

16,450

 

 

 

76

 

 

 

68

 

 

Agency and other government bonds1

 

 

 

22,901

 

 

 

1,090

 

 

 

11,360

 

 

 

 

567

 

 

 

102

 

 

 

92

 

 

Total rates trading

 

 

 

603,014

 

 

 

28,714

 

 

 

340,368

 

 

 

 

17,017

 

 

 

77

 

 

 

69

 

 

Total trading

 

 

$

976,312

 

 

$

46,490

 

 

$

636,674

 

 

 

$

31,831

 

 

 

53

 

 

 

46

 

 

Number of U.S. Trading Days3

 

 

 

 

 

 

21

 

 

 

 

 

 

 

20

 

 

 

 

 

 

 

 

 

 

Number of U.K. Trading Days4

 

 

 

 

 

 

21

 

 

 

 

 

 

 

20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter and Year-to-Date Ended March 31,

 

 

In millions (unaudited)

 

 

2025

 

 

2024

 

 

% Change

 

 

 

 

 

Volume

 

 

ADV

 

 

Volume

 

 

 

ADV

 

 

Volume

 

 

ADV

 

 

Credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

High-grade

 

 

$

461,308

 

 

$

7,562

 

 

$

455,998

 

 

 

$

7,475

 

 

 

1

 

%

 

1

 

%

High-yield

 

 

 

89,997

 

 

 

1,475

 

 

 

85,379

 

 

 

 

1,400

 

 

 

5

 

 

 

5

 

 

Emerging markets

 

 

 

240,285

 

 

 

3,939

 

 

 

221,427

 

 

 

 

3,630

 

 

 

9

 

 

 

9

 

 

Eurobonds

 

 

 

147,917

 

 

 

2,348

 

 

 

128,849

 

 

 

 

2,045

 

 

 

15

 

 

 

15

 

 

Other credit

 

 

 

36,482

 

 

 

598

 

 

 

26,335

 

 

 

 

432

 

 

 

39

 

 

 

38

 

 

Total credit trading1

 

 

 

975,989

 

 

 

15,922

 

 

 

917,988

 

 

 

 

14,982

 

 

 

6

 

 

 

6

 

 

Rates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. government bonds2

 

 

 

1,582,081

 

 

 

25,936

 

 

 

1,045,796

 

 

 

 

17,144

 

 

 

51

 

 

 

51

 

 

Agency and other government bonds1

 

 

 

65,825

 

 

 

1,047

 

 

 

31,626

 

 

 

 

506

 

 

 

108

 

 

 

107

 

 

Total rates trading

 

 

 

1,647,906

 

 

 

26,983

 

 

 

1,077,422

 

 

 

 

17,650

 

 

 

53

 

 

 

53

 

 

Total trading

 

 

$

2,623,895

 

 

$

42,905

 

 

$

1,995,410

 

 

 

$

32,632

 

 

 

31

 

 

 

31

 

 

Number of U.S. Trading Days3

 

 

 

 

 

 

61

 

 

 

 

 

 

 

61

 

 

 

 

 

 

 

 

 

 

Number of U.K. Trading Days4

 

 

 

 

 

 

63

 

 

 

 

 

 

 

63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1 Consistent with FINRA TRACE reporting standards, both sides of trades are included in the Company’s reported volumes when the Company executes trades on a matched principal basis between two counterparties.

 

 

2 Consistent with industry standards, U.S. government bond trades are single-counted.

 

 

3 The number of U.S. trading days is based on the SIFMA holiday recommendation calendar.

 

 

4 The number of U.K. trading days is based primarily on the U.K. Bank holiday schedule.

 

 

 

INVESTOR RELATIONS

Stephen Davidson

MarketAxess Holdings Inc.

+1 212 813 6313

[email protected]

MEDIA RELATIONS

Marisha Mistry

MarketAxess Holdings Inc.

+1 917 267 1232

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Professional Services Data Analytics Finance Fintech Asset Management Banking

MEDIA:

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T1 Expects to Benefit from U.S. Tariffs

T1 Expects to Benefit from U.S. Tariffs

Tariffs underpin U.S. manufacturing competitiveness and reinforce T1’s strategy to build an integrated domestic solar supply chain

AUSTIN, Texas & NEW YORK–(BUSINESS WIRE)–
T1 Energy Inc. (NYSE: TE) (“T1” or the “Company”) supports the imposition of tariffs announced this week by the U.S. administration, which align with the Company’s strategy to establish a vertically integrated U.S. solar plus storage supply chain. With T1’s operating 5 GW solar module facility, G1 Dallas, ramping up production, and project development activities underway for the planned G2 Austin U.S. solar cell facility, T1 is building its American manufacturing footprint and bringing new jobs to Texas.

“The tariffs introduced this week dovetail with our strategy, and the anticipated financial benefits should accelerate our plans to expand T1’s U.S. solar value chain,” commented Daniel Barcelo, T1’s Chairman of the Board and Chief Executive Officer. “The United States needs more domestically produced energy in all forms, and we are positioning T1 to lead a domestic solar manufacturing revival built on leading edge technologies and job creation.”

T1 is positioned to benefit from public policies that promote U.S. manufacturing, technology transfer, and job creation. The Company expects that the tariffs announced this week will enhance the competitiveness of U.S solar production by providing developers with financial incentives to buy domestically produced technology.

Building a U.S. job creation engine

In addition to T1’s current workforce of more than 1,000 people in the United States between G1 and the T1 corporate staff, project development and capital formation activities for the Company’s planned G2 Austin U.S. solar cell facility are underway. T1 expects that G2 will create as many as 1,700 jobs in Milam County, Texas and facilitate the development of an integrated, value creating U.S. manufacturing operation.

About T1 Energy

T1 Energy Inc. (NYSE: TE) is an energy solutions provider building an integrated U.S. supply chain for solar and batteries. In December 2024, T1 completed a transformative transaction, positioning the Company as one of the leading solar manufacturing companies in the United States, with a complementary solar and battery storage strategy. Based in Austin, Texas, with plans to expand its operations in America, the Company is also exploring value optimization opportunities across its portfolio of assets in Europe.

To learn more about T1, please visit www.T1energy.com and follow on social media.

Cautionary Statement Concerning Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation with respect to the Company’s operational performance and profitability (including its strategic objective to become a vertically integrated U.S. solar and storage leader and an engine of American energy, jobs, and advanced manufacturing), creation of jobs in the U.S. and investments in project sites, the timing of production ramp of solar modules, progress on the anticipated timing, development and construction for G2, any production targets at the Company’s facilities, any financial and operating guidance, growth prospects for the U.S. solar and storage market and our ability to generate value from non-core assets and rationalizing costs from discontinued operations. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual future events, results, or achievements to be materially different from the Company’s expectations and projections expressed or implied by the forward-looking statements. Important factors include, but are not limited to, those discussed under the caption “Risk Factors” in (i) T1’s post-effective amendment no. 1 to the Registration Statement on Form S-3 filed with the Securities and Exchange Commission (the “SEC”) on January 4, 2024, (ii) T1’s Registration Statement on Form S-4 filed with the SEC on September 8, 2023 and subsequent amendments thereto filed on October 13, 2023, October 19, 2023 and October 31, 2023, and (iii) T1’s annual report on Form 10-K filed with the SEC on February 29, 2024, and T1’s quarterly reports on Form 10-Q filed with the SEC on May 8, August 9 and November 12, 2024, and available on the SEC’s website at www.sec.gov. Forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company assumes no obligation to update such forward-looking statements, all of which are expressly qualified by the statements in this section, whether as a result of new information, future events or otherwise, except as required by law.

T1 intends to use its website as a channel of distribution to disclose information which may be of interest or material to investors and to communicate with investors and the public. Such disclosures will be included on T1’s website in the ‘Investor Relations’ sections. T1 also intends to use certain social media channels, including, but not limited to, X and LinkedIn, as means of communicating with the public and investors about T1, its progress, products, and other matters. While not all the information that T1 posts to its digital platforms may be deemed to be of a material nature, some information may be. As a result, T1 encourages investors and others interested to review the information that it posts and to monitor such portions of T1’s website and social media channels on a regular basis, in addition to following T1’s press releases, SEC filings, and public conference calls and webcasts. The contents of T1’s website and other social media channels shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Investor contact:

Jeffrey Spittel

EVP, Investor Relations and Corporate Development

[email protected]

Tel: +1 409 599-5706

Media contact:

Amy Jaick

SVP, Communications

[email protected]

Tel: +1 973 713-5585

KEYWORDS: United States North America Texas New York

INDUSTRY KEYWORDS: Other Manufacturing Environment Technology Packaging Manufacturing Alternative Energy Green Technology Energy Batteries

MEDIA:

Posted on

SHAREHOLDER ALERT: Morris Kandinov Investigating DRVN, VIRT, EL, and ADM; Shareholders are Encouraged to Contact the Firm

SAN DIEGO, April 04, 2025 (GLOBE NEWSWIRE) — National law firm Morris Kandinov is investigating Driven Brands Holdings Inc., Virtu Financial, Inc., The Estée Lauder Companies Inc., and Archer-Daniels-Midland Company.   If you are a current owner of shares, contact [email protected] or call (619) 780-3993.   

Driven Brands Holdings Inc. (NASDAQ: DRVN)
Accused of Misleading Investors

On February 20, 2025, Judge Max O. Cogburn, Jr. of the United States District Court for the Western District of North Carolina issued an order denying the defendants’ motion to dismiss in the pending securities class action against Driven Brands Holdings Inc., paving the way for litigation to proceed. Morris Kandinov LLP is investigating possible breaches of fiduciary duties and other violations of law, on behalf of shareholders. To learn more about this investigation and your rights, visit: https://moka.law/case-contact-form/. All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Virtu Financial, Inc. (NASDAQ: VIRT)
Accused of Misleading Investors

On March 17, 2025, Judge Nicholas G. Garaufis of the United States District Court for the Eastern District of New York issued an order denying in part the defendants’ motion to dismiss in the pending securities class action against Virtu Financial, Inc., paving the way for litigation to proceed. Morris Kandinov LLP is investigating possible breaches of fiduciary duties and other violations of law, on behalf of shareholders. To learn more about this investigation and your rights, visit: https://moka.law/case-contact-form/. All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

The Estée Lauder Companies Inc. (NYSE: EL)
Accused of Misleading Investors

On March 31, 2025, Judge Arun Subramanian of the United States District Court for the Southern District of New York issued an order denying the defendants’ motion to dismiss in the pending securities class action against The Estée Lauder Companies Inc., paving the way for litigation to proceed. Morris Kandinov LLP is investigating possible breaches of fiduciary duties and other violations of law, on behalf of shareholders. To learn more about this investigation and your rights, visit: https://moka.law/case-contact-form/. All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Archer-Daniels-Midland Company (NYSE: ADM)
Accused of Misleading Investors

On March 12, 2025, Judge Thomas M. Durkin of the United States District Court for the Northern District of Illinois issued an order denying the defendants’ motion to dismiss in the pending securities class action against Archer-Daniels-Midland Company, paving the way for litigation to proceed. Morris Kandinov LLP is investigating possible breaches of fiduciary duties and other violations of law, on behalf of shareholders. To learn more about this investigation and your rights, visit: https://moka.law/case-contact-form/. All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Concerned shareholders are encouraged to contact Leo Kandinov to learn more:

[email protected]
(619) 780-3993
moka.law

Morris Kandinov LLP is a national law firm that specializes in recovering investment losses and protecting stockholder rights. We work on contingency (i.e., you do not pay our fees out-of-pocket), and our attorneys have made substantial recoveries for investors in jurisdictions across the country. The firm would be happy to further discuss these matters, and any legal rights or remedies potentially available to you, at no charge.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contact:

Leo Kandinov, Partner
[email protected]
619-780-3993
550 West B Street, 4th Floor
San Diego, CA 92101



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Reimagine Self-Care—Mister Car Wash Helps Drivers Extend the Love to Their Cars

Reimagine Self-Care—Mister Car Wash Helps Drivers Extend the Love to Their Cars

$20 Titanium Wash Deal Puts the “Care” in Car Care

TUCSON, Ariz.–(BUSINESS WIRE)–Mister Car Wash, Inc. (NASDAQ: MCW), the nation’s largest car wash brand, is reminding motorists that self-care is more than facial masks and spa days—it’s about taking care of the spaces we live in every day, including our cars. This National Self-Care Day, April 5, Mister Car Wash is inviting customers to treat themselves—and their vehicles—to a calming and restorative experience with the Titanium Exterior Wash, available for just $20 this weekend (April 4 – 6, 2025) in-app or online only.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250404780336/en/

At Mister Car Wash, pulling into the wash tunnel is more than just maintenance; it’s a mindful moment. This National Self-Care Day, April 5, Mister Car Wash is inviting customers to treat themselves—and their vehicles—to a calming and restorative experience with the Titanium Exterior Wash, available for just $20 this weekend (April 4 – 6, 2025) in-app or online only. Visit www.mistercarwash.com/buy-a-wash/ April 4th – 6th and enter code CARE20 at checkout for a cleaner car and a clearer mind.

At Mister Car Wash, pulling into the wash tunnel is more than just maintenance; it’s a mindful moment. This National Self-Care Day, April 5, Mister Car Wash is inviting customers to treat themselves—and their vehicles—to a calming and restorative experience with the Titanium Exterior Wash, available for just $20 this weekend (April 4 – 6, 2025) in-app or online only. Visit www.mistercarwash.com/buy-a-wash/ April 4th – 6th and enter code CARE20 at checkout for a cleaner car and a clearer mind.

“Just like a tidy home or workspace can bring peace of mind, so can a clean car,” said DyShaun Muhammad, Head of Brand Marketing for Mister Car Wash. “We believe self-care should extend to the places you spend time, and for millions of Americans, that includes their vehicle. Your vehicle is part of your everyday environment. When it’s clean, it contributes to a sense of control, order, and peace. A clean car isn’t just about aesthetics—it’s about creating a mindset that helps you tackle the day.”

At Mister Car Wash, pulling into the wash tunnel is more than just maintenance; it’s a mindful moment. Those few minutes offer a chance to pause, breathe, and reset between life’s many tasks. For many, it’s a rare moment of peace on a busy day.

Self-Care Day Online-Purchase Special: The Titanium Wash for Just $20

From April 4–6, customers can enjoy a lower price on Mister’s top-tier Titanium Wash for just $20—a premium experience designed for protection, polish, and peace of mind. The Titanium Wash includes:

  • Underbody Defense to guard against corrosion
  • Premium surface protection, including Platinum Repel Shield, HotShine® Carnauba Wax, and Titanium360°™ for a mirror-like finish
  • Wheel Polish & Tire Shine to leave your entire car gleaming from top to bottom

“Our Titanium Unlimited Wash Club members already know the comfort and confidence that comes from driving a consistently clean car,” said Muhammad. “This weekend, we invite everyone to experience that same feeling—because taking care of your car is also taking care of yourself.”

Buying Online is Easy

Celebrate National Self-Care Day the Mister Car Wash way. Visit www.mistercarwash.com/buy-a-wash/ April 4th – 6th and enter code CARE20 at checkout for a cleaner car and a clearer mind. Download the Mister Car Wash app for free from major app store platforms.

About Mister Car Wash® | Inspiring People to Shine®

Headquartered in Tucson, Arizona, Mister Car Wash, Inc. (NASDAQ: MCW) operates over 500 locations and has North America’s largest car wash subscription program. With a passionate team of professionals, advanced technology, and a commitment to exceptional customer experiences, Mister Car Wash is dedicated to providing a clean, shiny, and dry vehicle every time. The Mister brand is deeply rooted in delivering quality service, fostering friendliness, and demonstrating a genuine commitment to the communities it serves while prioritizing responsible environmental practices and resource management. To learn more, visit www.mistercarwash.com.

Media Contact:[email protected]

KEYWORDS: United States North America Arizona

INDUSTRY KEYWORDS: Apps/Applications Technology Automotive General Automotive Specialty Other Automotive Tires & Rubber Internet Performance & Special Interest Retail

MEDIA:

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At Mister Car Wash, pulling into the wash tunnel is more than just maintenance; it’s a mindful moment. This National Self-Care Day, April 5, Mister Car Wash is inviting customers to treat themselves—and their vehicles—to a calming and restorative experience with the Titanium Exterior Wash, available for just $20 this weekend (April 4 – 6, 2025) in-app or online only. Visit www.mistercarwash.com/buy-a-wash/ April 4th – 6th and enter code CARE20 at checkout for a cleaner car and a clearer mind.
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Bunge Limited Finance Corp. Announces Extension of Exchange Offers

Bunge Limited Finance Corp. Announces Extension of Exchange Offers

ST. LOUIS–(BUSINESS WIRE)–
Bunge Global SA (NYSE: BG) (“Bunge”), today announced that its wholly-owned subsidiary, Bunge Limited Finance Corp. (“BLFC”), has further extended the expiration date of its previously announced (A) offers to exchange (each an “Exchange Offer” and, collectively the “Exchange Offers”) any and all outstanding 2.000% Notes due 2026 (the “Existing Viterra 2026 Notes”), 4.900% Notes due 2027 (the “Existing Viterra 2027 Notes”), 3.200% Notes due 2031 (the “Existing Viterra 2031 Notes”) and 5.250% Notes due 2032 (the “Existing Viterra 2032 Notes”, and together with the Existing Viterra 2026 Notes, the Existing Viterra 2027 Notes, and the Existing Viterra 2031 Notes, collectively, the “Existing Viterra Notes”), each series as issued by Viterra Finance B.V. (“VFBV”) and guaranteed by Viterra Limited (“Viterra”) and Viterra B.V., for (1) up to $1.95 billion aggregate principal amount of new notes to be issued by BLFC and guaranteed by Bunge (the “New Bunge Notes”), and (2) cash; and (B) related solicitations of consents by BLFC, on behalf of VFBV (each a “Consent Solicitation” and, collectively, the “Consent Solicitations”) from Eligible Holders (as defined below) of the (1) Existing Viterra 2026 Notes and the Existing Viterra 2031 Notes to amend the VFBV base indenture dated April 21, 2021, governing the Existing Viterra 2026 Notes and the Existing Viterra 2031 Notes (the “Existing Viterra 2026 and 2031 Notes Indenture”); and (2) Existing Viterra 2027 Notes and the Existing Viterra 2032 Notes to amend the VFBV base indenture dated April 21, 2022, governing the Existing Viterra 2027 Notes and the Existing Viterra 2032 Notes (the “Existing Viterra 2027 and 2032 Notes Indenture”, and with the Existing Viterra 2026 and 2031 Notes Indenture, each an “Existing Viterra Indenture” and collectively, the “Existing Viterra Indentures”). Bunge and BLFC hereby extend such expiration date from 5:00 p.m., New York City time, on April 7, 2025, to 5:00 p.m., New York City time, on May 5, 2025, unless further extended (the “Expiration Date”).

On the early tender date and consent revocation deadline of September 20, 2024, BLFC received consents sufficient to amend the respective Existing Viterra Indentures to, among other things, eliminate certain of the covenants, restrictive provisions and events of default and modify or amend certain other provisions, including unconditionally releasing and discharging the guarantees by each of Viterra and Viterra B.V. (with respect to the corresponding Existing Viterra Indenture for that series and, together, as the context requires, the “Proposed Amendments”). Supplemental indentures to the Existing Viterra Indentures were executed on September 23, 2024 in order to effect the Proposed Amendments (each an “Existing Viterra Supplemental Indenture” and collectively, the “Existing Viterra Supplemental Indentures”). The Existing Viterra Supplemental Indentures will become operative only upon the settlement date for the Exchange Offers and the Consent Solicitations, which is expected to be within two business days after the Expiration Date.

Each Exchange Offer and Consent Solicitation is subject to the satisfaction of certain conditions, including among other things, the consummation of Bunge’s pending acquisition (the “Business Combination”) of Viterra. The parties’ obligations to complete the Business Combination are conditioned upon (i) the receipt of antitrust approvals and (ii) certain other customary closing conditions. The consummation of the Business Combination is not subject to the completion of the Exchange Offers or Consent Solicitations or a financing condition.

To the extent the Business Combination is not anticipated to occur on or before the Expiration Date, for any reason, BLFC anticipates further extending the then-anticipated Expiration Date until such time that the Business Combination may be consummated on or before the Expiration Date. BLFC will provide notice of any such extension in advance of the Expiration Date.

The regulatory approval process for the announced Business Combination is continuing to progress. Bunge expects to receive the remaining approvals and close the Business Combination in the next several months.

Tenders of Existing Viterra Notes in the Exchange Offers and related consents validly delivered (and not validly revoked) prior to the extension of the Expiration Date remain valid. Tenders of Existing Viterra Notes in the Exchange Offers may be validly withdrawn at or prior to the Expiration Date. A valid withdrawal of tendered Existing Viterra Notes prior to the Expiration Date will not be deemed a revocation of the related consent and such consent will continue to be deemed validly delivered and not validly withdrawn. All Existing Viterra Notes previously tendered (and not validly withdrawn) or re-tendered (and not validly withdrawn) in an extended Exchange Offer will remain subject to such Exchange Offer and may be accepted for exchange by BLFC.

Except as described in this press release, the press release issued by the Company on September 23, 2024, the press release issued by the Company on October 7, 2024, the press release issued by the Company on October 30, 2024, the press release issued by the Company on December 30, 2024, the press release issued by the Company on January 31, 2025, and the press release issued by the Company on March 6, 2025, all other terms of the Exchange Offers and Consent Solicitations remain unchanged.

As of 5:00 a.m., New York City time, on April 4, 2025, the principal amounts of Existing Viterra Notes set forth in the table below had been validly tendered and not validly withdrawn (and consents thereby validly delivered and not validly revoked).

Title of Series of

Existing Viterra Notes

 

CUSIP Number of

Existing Viterra Notes

 

Title Series of

New Bunge Notes

 

Aggregate Principal

Amount Outstanding

 

Existing Viterra Notes Tendered

 

 

 

 

Principal Amount

 

Percentage

2.000% Notes

due 2026

 

144A CUSIP: 92852LAA7

Reg S CUSIP: N9354LAA9

 

2.000% Notes

due 2026

 

$600,000,000

 

$576,613,000

 

96.1%

4.900% Notes

due 2027

 

144A CUSIP: 92852LAC3

Reg S CUSIP: N9354LAE1

 

4.900% Notes

due 2027

 

$450,000,000

 

$438,338,000

 

97.4%

3.200% Notes

due 2031

 

144A CUSIP: 92852LAB5

Reg S CUSIP: N9354LAB7

 

3.200% Notes

due 2031

 

$600,000,000

 

$594,711,000

 

99.1%

5.250% Notes

due 2032

 

144A CUSIP: 92852LAD1

Reg S CUSIP: N9354LAF8

 

5.250% Notes

due 2032

 

$300,000,000

 

$292,005,000

 

97.3%

BLFC is making the Exchange Offers and Consent Solicitations pursuant to the terms and subject to the conditions set forth in the offering memorandum and consent solicitation statement dated September 9, 2024 (the “Statement”). The Statement and other documents relating to the Exchange Offers and Consent Solicitations have and will only be distributed to holders of Existing Viterra Notes who complete and return a letter of eligibility certifying that they are (i) “qualified institutional buyers” within the meaning of Rule 144A under the Securities Act of 1933, as amended (“Securities Act”) or (ii) not “U.S. persons” and are outside of the United States within the meaning of Regulation S under the Securities Act and who are “non-U.S. qualified offerees” (as defined in the Statement) and who are not located in Canada are authorized to receive and review the Statement (such persons, “Eligible Holders”). Eligible Holders of Existing Viterra Notes who desire to obtain and complete the letter of eligibility and obtain copies of the Statement should call D.F. King & Co., Inc. (the “Information & Exchange Agent”) at (800) 967-5074 (toll-free) or (212) 269-5550 (collect for banks and brokers).

Among other risks described in the Statement, the Exchange Offers and Consent Solicitations are expected to result in reduced liquidity for the Existing Viterra Notes that are not exchanged and, the Proposed Amendments will reduce protection to remaining holders of Existing Viterra Notes. Eligible Holders should refer to the Statement for more details on the risks related to the Exchange Offers and Consent Solicitations.

BLFC has engaged BofA Securities, Inc. and J.P. Morgan Securities LLC as Lead Dealer Managers and Solicitation Agents, and SMBC Nikko Securities America, Inc. as Co-Dealer Manager and Solicitation Agent for the Exchange Offers and Consent Solicitations. Please direct questions regarding the Exchange Offers and Consent Solicitations to BofA Securities, Inc. at (888) 292-0070 (toll-free) or (980) 387-3907 (collect for banks and brokers) or J.P. Morgan Securities LLC at (866) 834-4666 (toll-free) or (212) 834-3554 (collect for banks and brokers).

The New Bunge Notes have not been registered under the Securities Act or any state or foreign securities laws, and they may not be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable state and foreign securities laws.

About Bunge

At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. With more than two centuries of experience, unmatched global scale and deeply rooted relationships, we work to strengthen global food security, increase sustainability where we operate, and help communities prosper. As a leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, we value our partnerships with farmers to bring quality products from where they’re grown to where they’re consumed. At the same time, we collaborate with our customers to develop tailored and innovative solutions to meet evolving dietary needs and trends in every part of the world. Our Company has its registered office in Geneva, Switzerland and its corporate headquarters in St. Louis, Missouri. We have approximately 23,000 dedicated employees working across approximately 300 facilities located in more than 40 countries.

Cautionary Statement Concerning Forward Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward looking statements to encourage companies to provide prospective information to investors. This press release includes forward looking statements that reflect our current expectations and projections about our future results, performance, prospects and opportunities. Forward looking statements include all statements that are not historical in nature. We have tried to identify these forward looking statements by using words including “may,” “will,” “should,” “could,” “expect,” “anticipate,” “believe,” “plan,” “intend,” “estimate,” “continue” and similar expressions. These forward-looking statements, which include those related to BLFC’s ability to consummate the Exchange Offers and the Consent Solicitations, Bunge’s ability to generate sufficient cash flows to service debt and other obligations and ability to access capital, including debt or equity, and Bunge’s ability to achieve the benefits contemplated by the Exchange Offers and the Consent Solicitations, are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements, which are described in our Securities and Exchange Commission filings, including those set forth in “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 20, 2025.

The forward looking statements included in this release are made only as of the date of this release, and except as otherwise required by federal securities law, we do not have any obligation to publicly update or revise any forward looking statements to reflect subsequent events or circumstances.

No Offer or Solicitation

This communication is not intended to and does not constitute an offer to purchase, or the solicitation of an offer to sell, or the solicitation of tenders or consents with respect to any security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. In the case of the Exchange Offers and Consent Solicitations, the Exchange Offers and Consent Solicitations are being made solely pursuant to the Statement and only to such persons and in such jurisdictions as is permitted under applicable law.

Media Contact:

Bunge News Bureau

Bunge

636-292-3022

[email protected]

Investor Contact:

Ruth Ann Wisener

Bunge

636-292-3014

[email protected]

KEYWORDS: United States North America Missouri

INDUSTRY KEYWORDS: Other Retail Chemicals/Plastics Specialty Manufacturing Food/Beverage Retail Agriculture Organic Food Natural Resources

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Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of SoundHound AI, Inc.(SOUN) Shareholders

PR Newswire


NEW YORK
, April 4, 2025 /PRNewswire/ — Levi & Korsinsky, LLP notifies investors in SoundHound AI, Inc. (“SoundHound AI, Inc.” or the “Company”) (NASDAQ: SOUN) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of SoundHound AI, Inc. investors who were adversely affected by alleged securities fraud between May 10, 2024 and March 3, 2025. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/soundhound-ai-inc-lawsuit-submission-form?prid=140702&wire=4

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

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) the material weaknesses in SoundHound’s internal controls over financial reporting impaired the Company’s ability to effectively account for corporate acquisitions; (ii) in addition, the Company overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial reporting; (iii) as a result of the foregoing material weaknesses, SoundHound’s reported goodwill following the Amelia Acquisition was inflated and would need to be corrected; (iv) further, SoundHound would likely require extra time and expense to effectively account for the SYNQ3 and Amelia Acquisitions; (v) the foregoing increased the risk that the Company would be unable to timely file certain financial reports with the SEC; and (vi) as a result, the Company’s public statements were materially false and misleading at all relevant times.

WHAT’S NEXT? If you suffered a loss in SoundHound AI, Inc. during the relevant time frame, you have until May 27, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

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

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

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/levi–korsinsky-announces-the-filing-of-a-securities-class-action-on-behalf-of-soundhound-ai-incsoun-shareholders-302420429.html

SOURCE Levi & Korsinsky, LLP

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Actinium Pharmaceuticals, Inc. Sued for Securities Law Violations – Contact Levi & Korsinsky Before May 27, 2025 to Discuss Your Rights – ATNM

PR Newswire


NEW YORK
, April 4, 2025 /PRNewswire/ — Levi & Korsinsky, LLP notifies investors in Actinium Pharmaceuticals, Inc. (“Actinium” or the “Company”) (NYSE: ATNM) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Actinium investors who were adversely affected by alleged securities fraud between October 31, 2022 and August 2, 2024. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/actinium-lawsuit-submission-form?prid=140701&wire=4

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

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company’s data from the Phase 3 Sierra trial was unlikely to satisfy the FDA’s guidelines for the acceptance and approval of the Company’s targeted radiotherapy, Iomab-B BLA; (2) the additional analyses, including long-term follow-ups that purportedly demonstrated a trend towards improved Overall Survival that the Company provided to the FDA in an attempt to mitigate the Sierra Trial’s poor OS data were unlikely to satisfy the FDA’s guidelines for the acceptance and approval of the Company’s Iomab-B BLA; (3) as a result, the FDA would likely refuse to review the Iomab-B BLA or, if it did consider that BLA, that the application in its current form was unlikely to be approved; and (4), as a result, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT’S NEXT? If you suffered a loss in Actinium during the relevant time frame, you have until May 27, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

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

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

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/actinium-pharmaceuticals-inc-sued-for-securities-law-violations—contact-levi–korsinsky-before-may-27-2025-to-discuss-your-rights–atnm-302420426.html

SOURCE Levi & Korsinsky, LLP