Shareholder Alert: The Ademi Firm investigates whether SolarWinds Corporation is obtaining a Fair Price for its Public Shareholders

PR Newswire


MILWAUKEE
, Feb. 25, 2025 /PRNewswire/ — The Ademi Firm is investigating SolarWinds (NYSE: SWI) for possible breaches of fiduciary duty and other violations of law in its transaction with Turn/River Capital.

Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995.  There is no cost or obligation to you.

In the transaction, SolarWinds stockholders will receive only $18.50 per share or approximately $4.4 billion. SolarWinds insiders will receive substantial benefits as part of change of control arrangements.

The transaction agreement unreasonably limits competing transactions for SolarWinds by imposing a significant penalty if SolarWinds accepts a competing bid. We are investigating the conduct of SolarWinds’ board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi & Fruchter LLP                                 
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

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SOURCE Ademi LLP

Kortney Wilson Joins eXp Realty, Expanding Her Real Estate Empire

HGTV star and real estate expert partners with eXp to scale her business globally

BELLINGHAM, Wash., Feb. 25, 2025 (GLOBE NEWSWIRE) — eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), is proud to welcome HGTV star and Nashville real estate expert Kortney Wilson, marking a major career move as she expands her multifaceted business. 

Best known for shows Masters of Flip and Making It Home, Wilson has successfully transitioned from country music to real estate, flipping over 150 homes and building a thriving brand in home design and renovation.

Wilson’s decision to join eXp was driven by the company’s innovative agent-centric model and global reach. “What I love about eXp is the collaboration and support,” said Wilson. “It’s not just about branding; it’s about how they help agents grow their businesses in a way that aligns with their personal goals.”

eXp Realty CEO Leo Pareja welcomed Wilson, stating, “Kortney’s expertise in real estate and design, combined with her entrepreneurial spirit, makes her a perfect fit for eXp. We are thrilled to support her as she scales her business globally.”

Beyond real estate, Wilson is expanding her brand with her Kort & Co. furniture line, an upcoming television show, Life Is Messy, and a new podcast, The Sh*t Stick of Life. She plans to leverage eXp’s worldwide network to grow her referral business and bring her design expertise to more clients.

“Everything I’ve done — from music to television to marketing — has led me to this point,” Wilson said. “I want to bring confidence to my sellers, showing them that I bring something unique to the table. My job as a designer on HGTV has always been to increase home values, and now I get to apply that expertise directly to my clients.”

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, FrameVR.io and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 82,000 agents in the United States, Canada, the United Kingdom, Australia, France, India, Mexico, Portugal, South Africa, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, the Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including an innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by FrameVR.io technology, offering immersive 3D platforms that are deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com. 

Media Relations Contact:

eXp World Holdings, Inc.
[email protected]

Investor Relations Contact:

Denise Garcia, Managing Partner
Hayflower Partners
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/29d67fc1-c78e-4ab1-9ea4-99225eaff484



Flutter Entertainment Announce Management Participation in Upcoming Event

DUBLIN and TORONTO, Feb. 25, 2025 (GLOBE NEWSWIRE) — Flutter Entertainment (“Flutter”) (NYSE:FLUT, LSE:FLTR), the leading online sports betting and iGaming operator, today announced that Peter Jackson, Chief Executive Officer, and Rob Coldrake, Chief Financial Officer, will participate in the following event:

  • Morgan Stanley Technology, Media & Telecom Conference on March 5, 2025. The fireside chat is scheduled for 08:30AM PST

The live audio webcast for the Morgan Stanley Technology, Media & Telecom Conference can be accessed via www.flutter.com/investors. A replay of the webcast will be made available shortly after the event.

About Flutter Entertainment plc  

Flutter is the world’s leading online sports betting and iGaming operator, with leading positions in markets across the world, including the US. Our ambition is to leverage our significant scale and our challenger mindset to change our industry for the better. By Changing the Game, we believe we can deliver long-term growth while promoting a positive, sustainable future for all our stakeholders. We are well-placed to do so through the distinctive, global competitive advantages of the Flutter Edge, which gives our brands access to group-wide benefits to stay ahead of the competition, as well as our clear vision for sustainability through our Positive Impact Plan.  

Flutter operates a diverse portfolio of leading online sports betting and iGaming brands including FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, Tombola, Betfair, MaxBet, Junglee Games and Adjarabet.  

To learn more about Flutter, please visit our website at www.flutter.com. 

Enquiries 

Investor Relations: [email protected] 

Media Relations: [email protected]  

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.



Progressive Announces Investor Relations Event

MAYFIELD VILLAGE, OHIO, Feb. 25, 2025 (GLOBE NEWSWIRE) — As previously announced, The Progressive Corporation (NYSE: PGR) will host an Investor Relations event on Tuesday, March 4, 2025, beginning at 9:30 a.m. eastern time. This event, which will consist of both a conference call and webcast, is scheduled to last 90 minutes and will begin with an approximate 45-minute presentation on our claims process and technology, followed by a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online.

On March 3, 2025, Progressive expects to file its Annual Report on Form 10-K with the Securities and Exchange Commission and post its Shareholders’ Report, including the Letter to Shareholders from Tricia Griffith, to its website at www.progressive.com/annualreport.

To receive the details on how to access the call or to join the webcast, visit Progressive’s website at https://investors.progressive.com/events/default.aspx.

Replays of the webcast will be available approximately two hours after the call concludes. The archived webcast will be able to be accessed from Progressive’s website at https://investors.progressive.com/events/default.aspx and will remain available until March 5, 2026.


About Progressive


Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.

Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers. 

Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.

Company Contact:

Douglas S. Constantine
(440) 395-3707
[email protected]

The Progressive Corporation
300 North Commons Blvd.
Mayfield Village, Ohio 44143
http://www.progressive.com



Nanox to Present New Clinical Data on Nanox.ARC Advanced 3D Digital Tomosynthesis Imaging System at ECR 2025

  • In a clinical study, it was found that the Nanox.ARC digital tomosynthesis enhanced musculoskeletal imaging, can improve the sensitivity and specificity of conventional radiography.
  • In addition, can improve cast and metal imaging, eliminate the need for CT in some cases while at the same time reducing the patient radiation exposure and radiologist reading time.
  • The Nanox.ARC outperformed standard x-ray in detecting lung nodules under simulated obesity conditions in phantoms

PETACH TIKVA, Israel, Feb. 25, 2025 (GLOBE NEWSWIRE) — NANO-X IMAGING LTD (“Nanox” or the “Company”, Nasdaq: NNOX), an innovative medical imaging technology company, today announced that it will present data supporting the Nanox.ARC performance at the 2025 European Congress of Radiology (ECR), taking place February 26 – March 2 in Vienna, Austria.

The Nanox.ARC is a stationary X-ray system featuring a proprietary digital X-ray source and advanced tomosynthesis technology with a cold cathode, providing a more comprehensive, sliced three-dimensional view of the body.

Earlier today Nanox announced that it has received CE (Conformité Européenne) mark certification to market the multi-source Nanox.ARC system in Europe, where the system is intended to generate tomographic images of human anatomy from a single tomographic sweep performed in recumbent positions of adult patients.

The CE mark, together with the FDA 510(k) general use clearance received in December 2024, marks a significant milestone in the global commercialization of the Nanox.ARC system.

“We take pride in our robust clinical performance. By prioritizing clinical needs and development efforts in collaboration with the medical community, we ensure that our innovations are not only advanced but also relevant to those we serve,” said Erez Meltzer, Nanox Chief Executive Officer and Acting Chairman. “Alongside our recent regulatory milestones, these latest Nanox.ARC data highlight several of our clinical efforts and reinforce our commitment to advancing patient care.”

Nanox representatives will be available for meetings throughout the congress. Schedule a meeting here: https://bit.ly/415jsjv.

New data will be presented across three abstracts at ECR:

  • A clinical study evaluating digital tomosynthesis for musculoskeletal imaging
  • A phantom study assessing the impact of obesity on chest imaging
  • A case series demonstrating key applications in musculoskeletal diagnostics

More details are as follows:

Oral Presentation:
Evaluation of the diagnostic potential of a Tomosynthesis system for MSK

  • Presenter: Nogah Shabshin, M.D. (Medical Director, ARC Division at Nanox)
  • Session: RPS 2410 – Imaging of musculoskeletal tumors
  • Location: ACV, Research Stage 4
  • Summary:

    • In a 19-patient study conducted by Shamir Medical Center, researchers compared standard X-ray, CT, and digital tomosynthesis (Nanox.ARC) for diagnosing fractures
  • Conclusions:

    • Digital tomosynthesis provided diagnostic value in 17 of the 19 cases
    • The technology improved the detection of occult fractures and lesions, improved fracture localization, determined fracture age, and cleared suspected fractures

Poster Presentation: The Effect of Obesity on Chest Radiography and Digital Tomosynthesis – a Phantom Study

  • Presenter: Nogah Shabshin, M.D. (Medical Director, ARC Division at Nanox)
  • Location: EPOS Area, Level 2
  • Summary:

    • In an internal Nanox study, a phantom simulating a human with lung nodules underwent scans by standard X-ray and digital tomosynthesis (Nanox.ARC). Gel layers were added to the phantom to simulate waist circumferences up to the 95th percentile of the U.S. population.
  • Conclusions:

    • Nanox.ARC scans clearly demonstrated the simulated lung nodules and the image clarity was maintained through added gel layers.
    • In contrast, lung nodules were barely visible on standard X-ray scans, regardless of the number of added gel layers, suggesting potential benefits for early detection in a growing population affected by obesity.

Poster Presentation: Applications of Digital Tomosynthesis in the musculoskeletal system

  • Presenter: Nogah Shabshin, M.D. (Medical Director, ARC Division at Nanox)
  • Location: EPOS Area, Level 2
  • Summary:

    • The versatility of digital tomosynthesis in musculoskeletal imaging is demonstrated in a series of clinical cases featuring scans taken by the Nanox.ARC.
  • Conclusions:

    • Highlighted applications include improving visualization of overlapping bones, reducing dependency on patient positioning and coordination, and improved imaging of patients with casts.

About Nanox

Nanox (NASDAQ: NNOX) is focused on driving the world’s transition to preventive health care by bringing a full solution of affordable medical imaging technologies based on advanced AI and proprietary digital X-ray source.

Nanox’s vision encompasses expanding the reach of Nanox technology both within and beyond hospital settings, providing a seamless end-to-end solution from scan to diagnosis, leveraging AI for more accurate diagnostics and maintaining a clinically driven approach. The Nanox ecosystem includes Nanox.ARC – a multi-source digital tomosynthesis system that is cost-effective and user-friendly; Nanox.AI LTD, a subsidiary of Nanox Imaging, is an AI-based suite of algorithms that augment the readings of routine CT imaging to highlight early signs often related to chronic diseases; Nanox.CLOUD – a cloud-based software platform that manages data collected by Nanox devices, and provides users with tools for in-depth imaging analysis; Nanox.MARKETPLACE – a proprietary decentralized marketplace through Nanox’s subsidiary, USARAD Holdings Inc., that provides remote access to radiology and cardiology experts, and a comprehensive teleradiology services platform. By improving early detection and treatment, Nanox aims to enhance better health outcomes worldwide. For more information, please visit www.nanox.vision.

Forward-Looking Statements

This press release may contain forward-looking statements that are subject to risks and uncertainties. All statements that are not historical facts contained in this press release are forward-looking statements. Such statements include, but are not limited to, any statements relating to the initiation, timing, progress and results of the Company’s research and development, manufacturing, and commercialization activities with respect to its X-ray source technology and the Nanox.ARC, the ability to realize the expected benefits of its recent acquisitions and the projected business prospects of the Company and the acquired companies. In some cases, you can identify forward-looking statements by terminology such as “can,” “might,” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “should,” “could,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. Forward-looking statements are based on information the Company has when those statements are made or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause actual results to differ materially from those currently anticipated include: risks related to (i) Nanox’s ability to complete development of the Nanox System; (ii) Nanox’s ability to successfully demonstrate the feasibility of its technology for commercial applications; (iii) Nanox’s expectations regarding the necessity of, timing of filing for, and receipt and maintenance of, regulatory clearances or approvals regarding its technology, the Nanox.ARC and Nanox.CLOUD from regulatory agencies worldwide and its ongoing compliance with applicable quality standards and regulatory requirements; (iv) Nanox’s ability to realize the anticipated benefits of the acquisitions, which may be affected by, among other things, competition, brand recognition, the ability of the acquired companies to grow and manage growth profitably and retain their key employees; (v) Nanox’s ability to enter into and maintain commercially reasonable arrangements with third-party manufacturers and suppliers to manufacture the Nanox.ARC; (vi) the market acceptance of the Nanox System and the proposed pay-per-scan business model; (vii) Nanox’s expectations regarding collaborations with third-parties and their potential benefits; (viii) Nanox’s ability to conduct business globally; (ix) changes in global, political, economic, business, competitive, market and regulatory forces; (x) risks related to the current war between Israel and Hamas and any worsening of the situation in Israel; (xi) risks related to business interruptions resulting from the COVID-19 pandemic or similar public health crises, among other things; and (xii) potential litigation associated with our transactions.

For a discussion of other risks and uncertainties, and other important factors, any of which could cause Nanox’s actual results to differ from those contained in the Forward-Looking Statements, see the section titled “Risk Factors” in Nanox’s Annual Report on Form 20-F for the year ended December 31, 2023, and subsequent filings with the U.S. Securities and Exchange Commission. The reader should not place undue reliance on any forward-looking statements included in this press release. Except as required by law, Nanox undertakes no obligation to update publicly any forward-looking statements after the date of this press release to conform these statements to actual results or to changes in the Company’s expectations.

Contacts

Media Contact

ICR Healthcare
[email protected]

Investor Contact

Mike Cavanaugh
ICR Healthcare
[email protected]



Simon®, Shopify and Leap Collaborate to Deliver the Ultimate Omnichannel Experience Empowering Brands Like Ring Concierge to Expand Their Footprint

PR Newswire


INDIANAPOLIS
, Feb. 25, 2025 /PRNewswire/ — Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced a revolutionary collaboration with Shopify, the world’s leading commerce platform, and Leap, the leading platform for physical retail. The three industry leaders will offer comprehensive solutions for e-commerce brands to expedite their go-to-market strategy and seamlessly open brick-and-mortar locations across the Simon portfolio.

Ring Concierge, a New York-based fine jewelry company, is building on the success of its existing retail presence by leveraging a strategic collaboration to expand into new markets. As a thriving e-commerce brand on the Shopify platform, Ring Concierge recognized the importance of expanding its physical retail presence to strengthen its brand and capitalize on the growing opportunities of an omnichannel strategy. With Leap’s comprehensive Retail as a Service (RaaS) solutions — including location sourcing, store design, staffing, technology, and analytics—and Simon’s premium retail spaces and marketing support, the company successfully opened three new stores in key markets nationwide within a matter of months.

“Simon, Shopify, and Leap were instrumental in helping us implement our brick-and-mortar growth strategy,” said Nicole Wegman, Founder, Ring Concierge. “Their knowledge, expertise, and support saved us valuable time and resources and have helped us scale our physical retail footprint faster than we could have imagined. We are highly encouraged by our Q4 sales performance that we saw in these new markets over the holiday season. Our two comp locations exceeded LY 2023 and our 3 new locations continue to acquire new customers which are valuable to our omnichannel experience. Thanks to the expertise of Simon, Shopify, and Leap, we efficiently and successfully implemented our omnichannel growth strategy.”

Ring Concierge has locations at two premier Simon centers: Houston’sThe GalleriaTM, Texas’ largest shopping center, and Town Center at Boca Raton®, one of South Florida’s top luxury shopping destinations.

These locations are part of a broader rollout, bringing Ring Concierge’s fleet to five locations, all powered by Leap. Their first location on New York City’sBleecker Street proved to be a profitable strategy that enabled the brand’s loyal and growing customer base to experience their jewelry in-person.

“Physical stores are a vital component to a brand’s omnichannel strategy and have a proven track record for growing revenue and attracting new customers,” said Zach Beloff, Vice President, Leasing at Simon. “We have helped numerous e-commerce brands establish a brick-and-mortar presence and our new collaboration with Shopify and Leap will provide an easy way for e-commerce brands to scale their brick-and-mortar business. We are excited to add Ring Concierge to our portfolio and look forward to their success.”

“By unifying a merchant’s online and offline sales experience, Shopify empowers millions of brands to grow and scale their businesses,” said Ritu Khanna, VP Partnerships, Shopify. “We are thrilled to work alongside Simon and Leap to bring e-commerce brands like Ring Concierge to physical retail faster and easier than ever before.”

“We’re excited to enable Ring Concierge to further build their brand and reach their local customer base in premium Simon centers,” said Amish Tolia, Co-Founder and CEO at Leap. “After launching over 60 brands in physical retail, and managing a fleet of over 100 stores, our platform understands the many challenges that come with scaling the channel. Collaborating with Simon and Shopify will accelerate our mission, to help winning brands scale retail, turnkey.”

Whether brands are new to physical retail or looking to expand, Simon, Shopify, and Leap provide world-class platforms and venues to scale brands seamlessly and faster than ever before. True Classic and several other unique brands are already using the industry expertise of Simon, Shopify and Leap with more brands launching soon across Simon’s premier shopping destinations.

To learn more about the Simon, Shopify and Leap collaboration, visit https://business.simon.com/leasing/brick-mortar-expansion.

About Simon

Simon® is a real estate investment trust engaged in the ownership of premier shopping, dining, and entertainment mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales. For more information, visit simon.com.

About Leap
Leap is building the world’s largest network of branded retail stores – powered by data, technology, and scale. Leap’s platform enables brands to deploy stores that work in concert with ecommerce more rapidly and at significantly reduced cost and risk. Brand stores powered by Leap bring modern brands to life with compelling, immersive customer experience and operations driven and informed by millions of data points. Learn more about Leap’s platform, and brand stores powered by Leap, at http://leapinc.com.

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SOURCE Leap; Simon

Sun Country Airlines Extends Schedule Through Fall 2025

Customers can now book travel for MEA and Thanksgiving 2025

MINNEAPOLIS, Feb. 25, 2025 (GLOBE NEWSWIRE) — Sun Country Airlines (NASDAQ: SNCY) is extending its selling schedule through December 9, 2025, allowing customers to book fall travel, including bolstered schedules for both MEA and Thanksgiving.

Some of Sun Country’s most popular MEA weekend and Thanksgiving destinations include Fort Myers, Orlando, Las Vegas, and Phoenix. Nonstop service to Asheville, North Carolina, will also return in the fall.

“Sun Country’s MSP route map offers more nonstop destinations from a single airport than any other leisure airline in the United States,” said Grant Whitney, Senior Vice President and Chief Revenue Officer. “This unique ability of taking people where they want to go when they want to go is what allows us to be the leisure airline of choice.”

“While leisure demand is less in the fall than around winter, spring break, or summer, Sun Country’s seasonal flexibility means we are also adding flights in the fall for sports fans to travel to see our hometown teams,” Whitney added. “Last year, we added unique flights for fans traveling to see many of Minnesota’s teams, and as a proud sponsor of Minnesota Gopher Athletics, we are again scheduling flights to help fans get to games.”

Sun Country Airlines operates 120 routes (serving nearly 100 airports across the United States, Mexico, Central America, Canada, and the Caribbean), providing safe, reliable, hassle-free flights at affordable prices. Sun Country’s onboard experience includes state-of-the-art seating equipment, offering full-size tray tables, comfortable recline, and in-seat power in most seats. Sun Country also provides free in-flight entertainment to our guests’ devices and complimentary beverages including water, coffee, tea, juices, and soda. Additional beverage options and snacks are available for purchase, and we are proud to partner with many Minnesota and Midwest-based companies to highlight their local products on our menu. 

About Sun Country 

Sun Country Airlines is a new breed of hybrid low-cost air carrier, whose mission is to connect guests to their favorite people and places, to create lifelong memories and transformative experiences. Sun Country dynamically deploys shared resources across our synergistic scheduled service, charter, and cargo businesses. Based in Minnesota, we focus on serving leisure and visiting friends and relatives (“VFR”) passengers and charter customers and providing cargo service to Amazon, with flights throughout the United States and to destinations in Mexico, Central America, Canada, and the Caribbean.

For photos, b-roll and additional company information, visit https://www.stories.suncountry.com/multimedia



Contact
Media Relations
[email protected]

Bitcoin Depot Adds Another 11 BTC to its Treasury

ATLANTA, Feb. 25, 2025 (GLOBE NEWSWIRE) — Bitcoin Depot (NASDAQ: BTM) (“Bitcoin Depot” or the “Company”), a U.S.-based Bitcoin ATM operator and leading fintech company, today announced it has purchased an additional 11.1 Bitcoin as part of its treasury strategy, first announced in June of last year.

This purchase comes three weeks after the Company’s purchase of 51 Bitcoin earlier this month, bringing its total treasury holdings to 82.6 BTC.

“Adopting Bitcoin as part of our treasury strategy underscores our long-standing belief in Bitcoin as a significant financial asset and a store of value,” said Brandon Mintz, CEO of Bitcoin Depot. “We have always believed in providing easy access to Bitcoin for everyone, and this move reaffirms our confidence in Bitcoin’s potential for growth.”

About Bitcoin Depot

Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 48 states and at thousands of name-brand retail locations in 29 states through its BDCheckout product. The Company has the largest market share in North America with over 8,400 kiosk locations as of February 25, 2025. Learn more at www.bitcoindepot.com.

Cautionary Statement Regarding Forward-Looking Statements
This press release and any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including our growth strategy and ability to increase deployment of our products and services, our ability to strengthen our financial profile, and worldwide growth in the adoption and use of cryptocurrencies. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as “anticipate,” “appears,” “approximately,” “believe,” “continue,” “could,” “designed,” “effect,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “initiative,” “intend,” “may,” “objective,” “outlook,“ ”plan,“ ”potential,“ ”priorities,“ ”project,“ ”pursue,“ ”seek,“ ”should,“ ”target,“ ”when,“ ”will,“ ”would,” or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control.

These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; risks relating to the uncertainty of our projected financial information; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; our ability to manage future growth; our ability to develop new products and services, bring them to market in a timely manner and make enhancements to our platform; the effects of competition on our future business; our ability to issue equity or equity-linked securities; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors described or referenced in filings with the Securities and Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or forecasts of future events and views as of the date of this press release. We anticipate that subsequent events and developments will cause our assessments to change.

We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.

Contacts:

Investors 
Cody Slach
Gateway Group, Inc. 
949-574-3860 
[email protected]

Media 
Brenlyn Motlagh, Ryan Deloney 
Gateway Group, Inc.
949-574-3860 
[email protected]



Tess Oxenstierna Named Investment Banker of the Year by Global M&A Network

PR Newswire


Award Recognizes Outstanding Leaders and Dealmakers with Notable Impact on the Industry


BOSTON
, Feb. 25, 2025 /PRNewswire/ — Capstone Partners, a leading middle market investment banking firm, is pleased to share that Tess Oxenstierna, Managing Director and the firm’s Head of Aerospace, Defense, Government & Security Group, has been named Investment Banker of the Year by the Global M&A Network. Presented at the 16th Annual Americas M&A Atlas Awards in New York on February 6, 2025, this award recognizes outstanding leaders and dealmakers who demonstrate exceptional industry expertise and impact each year.

With more than 35 years of experience in the defense space—spanning roles in government, corporate strategy, and investment banking—Oxenstierna brings deep domain insight to her work with clients. In her time at Capstone, she has led multiple key transactions in high-growth markets such as Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR), and Air, Land, Sea & Space (ALSS) Systems.

Oxenstierna holds a PhD in War Studies from King’s College London, as well as a Master’s degree in Law & Diplomacy from the Fletcher School at Tufts University and the Kennedy School of Government at Harvard University. Previously, she served as Global Head of Equities Strategy at Lehman Brothers and Director of Corporate Development and Strategy at Raytheon. Prior to joining the private sector, she served in the Reagan White House, U.S. Department of State, and NATO Headquarters, and holds the rank of Commander, U.S. Navy Reserve (ret.).

Oxenstierna serves on the Board of the National Medal of Honor – Center for Leadership and the U.S. Navy League and is also a member of the National Defense Industry Association and National Security Space Association. She is a consistently featured speaker at industry events, including the Satellite Show, MILSAT Symposium, Thompson Reuters’ A&D Summit, and more. This recognition builds on several others Oxenstierna has garnered in recent years, including Top Woman Dealmaker, Industrials Deal of the Year (Mid-Market), and Corporate/Strategic Deal of the Year.

Oxenstierna commented, “As a former U.S. Navy officer and government and defense industry representative, I feel honored to continue contributing to our national security mission, by supporting a robust industry for our warfighters.”

Oxenstierna was appointed Capstone’s Head of Aerospace, Defense, Government & Security in 2024. Since the recent appointment, she has overseen the publication of regular industry insights—including Capstone’s annual Aerospace, Defense, Government & Security M&A Report—and expanded her leadership role to enhance the industry group’s operations in tandem with the broader firm’s strategy. This includes plans for continued growth of its sector coverage in 2025 with the addition of exceptional talent to expand upon Capstone’s domain expertise.

She recently led the successful sale of Spin Systems—a data analytics and AI/ML-driven intelligence visualization firm—to Diné Development Corporation, a Navajo Nation owned company, highlighting how technology modernization is increasingly integral to government IT and defense operations. For her work leading this transaction, Oxenstierna also took home M&A Deal of the Year—alongside colleague and Capstone’s Co-Head of Industrials Ted Polk, who received Government IT Services Deal of the Year award for his work advising AstreaX on its sale to DC Capital Partners.

John Ferrara, Founder & President of Capstone Partners, added, “Tess is a highly respected leader within our firm and the industry; we’re proud to see this well-deserved recognition and have her represent Capstone amongst our peers. With Tess at the helm, Capstone’s Aerospace, Defense, Government & Security Group is a vibrant practice that has a prominent role in our strategic growth plans.”

ABOUT GLOBAL M&A NETWORK
Global M&A Network is a diversified news, information media, and forums company, as well as the host of various prestigious awards ceremonies honoring top talent in the M&A space. The Network produces high-quality “Intelligence Forums” and the world’s most prestigious M&A, Turnaround, and female leadership “Atlas Awards.” For more information, visit www.globalmanetwork.com.

ABOUT CAPSTONE PARTNERS
For over 20 years, the firm has been a trusted advisor to leading middle market companies, offering a fully integrated range of investment banking and financial advisory services uniquely tailored to help owners, investors, and creditors through each stage of the company’s lifecycle. Capstone’s services include M&A advisory, debt and equity placement, corporate restructuring, special situations, valuation and fairness opinions, and financial advisory services. Headquartered in Boston, the firm has 175+ professionals across the U.S. With 12 dedicated industry groups, Capstone delivers sector-specific expertise through large, cross-functional teams. Capstone is a subsidiary of Huntington Bancshares Incorporated (NASDAQ: HBAN). For more information, visit www.capstonepartners.com.

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SOURCE Capstone Partners

Wang & Lee Group, Inc. Collaborates with City University of Hong Kong to Develop Advanced Eco-Friendly Lithium-Ion Battery Technology for Electric Bicycles, automotive and robotics

Hong Kong, Feb. 25, 2025 (GLOBE NEWSWIRE) — Wang & Lee Group, Inc., a renowned listed company at the forefront of green energy initiatives, is pleased to announce its support as exclusive collaborator of Cystar Limited and its strategic partnership with City University of Hong Kong for the research and development of a cutting-edge large lithium-ion battery pack designed specifically for electric bicycles. The battery pack has multiple applications across the automotive and robotics industries including the use in e-bikes, mobility scooters, 3 wheel vehicles, ATV and LEV (light electric vehicles).

The collaboration between Cystar Limited and City University of Hong Kong represents a significant step towards advancing green energy technologies. The joint effort will focus on designing and developing a cost-effective, safe, and powerful lithium-ion battery pack with a 52-voltage rating and a power output of 500 W, tailored to meet the unique demands of electric bicycles.

This innovative battery pack will utilize a specialized electrolyte combination, ensuring exceptional electrochemical stability, enhanced capacity, and superior cycling performance. These features are specifically optimized for applications in electric bicycles and other energy-intensive transportation solutions, providing a sustainable and efficient power source for eco-friendly urban mobility.

One of the key competitive advantages of this lithium-ion battery technology is its eco-friendly and sustainable nature. The reduced environmental impact of these batteries aligns perfectly with global sustainability initiatives, appealing to eco-conscious consumers and businesses seeking green energy solutions that contribute to a cleaner and greener future for all.

“We are excited to provide strategic support as the exclusive collaborator of Cystar Limited in its partnership with City University of Hong Kong on this groundbreaking initiative to develop advanced lithium-ion battery technology.” said Mr. Ho, CEO of Wang & Lee Group, Inc. “This project underscores our commitment to innovation and sustainability, as we work towards creating environmentally-friendly solutions for the transportation sector.”

The target product of this collaboration is a pouch-type lithium-ion battery, offering substantial advantages in terms of weight reduction and performance compared to traditional cylindrical cells. The advanced design and composition of the battery pack aim to address key challenges in electric bike technology, such as energy density, safety, and longevity, while providing a reliable and efficient power source for sustainable urban mobility.

“We are dedicated to pushing the boundaries of energy storage technology and driving advancements in green transportation solutions,” stated a representative of Cystar Limited. “This collaboration with Wang & Lee Group, Inc. and City University of Hong Kong is a testament to our shared commitment to innovation and sustainability in the development of next-generation battery solutions.”

The research and development of this lithium-ion battery pack for electric bicycles automotive and robotics industries represent a significant milestone in the transition towards clean and efficient urban transportation solutions. By combining expertise and resources, Wang & Lee Group, Inc., Cystar Limited and City University of Hong Kong are poised to make a lasting impact on the future of sustainable mobility and to capitalise on the increasing demand for quality batteries in the automotive and robotics industries.

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