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Karman Space & Defense Announces Successful Refinancing and Extension of its Credit Facilities under New Credit Agreement

Karman Space & Defense Announces Successful Refinancing and Extension of its Credit Facilities under New Credit Agreement

HUNTINGTON BEACH, Calif.–(BUSINESS WIRE)–Karman Space & Defense (“Karman” or “the Company”) (NYSE: KRMN), a leader in the design, testing, volume manufacturing, and sale of highly engineered, mission-critical subsystems for advanced missile, uncrewed aircraft, and space systems today announced the successful completion of a refinancing transaction that replaces its previous term loan and revolving credit facility, significantly extending maturity dates and reducing interest expense.

“This refinancing transaction represents another important step forward for Karman, strengthening our balance sheet and providing us with significant flexibility to support organic growth and strategic acquisitions,” said Mike Willis, Chief Financial Officer of Karman Space & Defense. “We support a large and diverse portfolio of customers and programs that align well with the U.S. government’s strategic priorities. Our improved balance sheet will help us execute on our plans and create shareholder value.”

The new credit facilities include a $300,000,000 Term Loan B, which matures in April 2032 and is priced at Secured Overnight Finance Rate (“SOFR”) + 3.50%, and an undrawn, $50,000,000 Revolving Credit Facility, which expires in April 2030 and is priced at SOFR + 2.75% to 3.25%. The term loan B has been widely distributed to institutional investors. The refinancing represents a significant maturity extension and interest rate reduction of 275 basis points in the case of the Term Loan B, resulting in interest expense savings of more than $8 million annually as compared to the previous Term Loan.

ABOUT KARMAN SPACE & DEFENSE

We specialize in the design, testing, volume manufacturing, and sale of highly engineered, mission-critical subsystems for advanced missile, uncrewed aircraft, and space systems. Our customers choose our integrated payload protection, propulsion, and interstage system solutions to deliver mission success across a diverse set of existing and emerging programs supporting high-priority defense and commercial space sector initiatives. For more information, visit Karman-SD.com.

Forward-Looking Statements

This announcement may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “likely,” “seek,” “project,” “model,” “ongoing,” “will,” “should,” “forecast,” “outlook” or similar terminology. These statements are based on and reflect our current expectations, estimates, assumptions and/ or projections, our perception of historical trends and current conditions, as well as other factors that we believe are appropriate and reasonable under the circumstances. Forward-looking statements are neither predictions nor guarantees of future events, circumstances or performance and are inherently subject to known and unknown risks, uncertainties and assumptions that could cause our actual results to differ materially from those indicated by those statements. There can be no assurance that our expectations, estimates, assumptions and/or projections, including with respect to the future earnings and performance or capital structure of Karman, will prove to be correct or that any of our expectations, estimates or projections will be achieved.

Numerous factors could cause our actual results and events to differ materially from those expressed or implied by forward-looking statements, including the factors described in the filings we make with the SEC from time to time and, without limitation, that a significant portion of our revenue is generated from contracts with the United States military and U.S. military spending is dependent upon the U.S. defense budget; U.S. government contracts are subject to a competitive bidding process that can consume significant resources without generating any revenue; our business and operations expose us to numerous legal and regulatory requirements, and any violation of these requirements could materially adversely affect our business, results of operations, prospects and financial condition; our inability to adequately enforce and protect our intellectual property or defend against assertions of infringement could prevent or restrict our ability to compete; and we have in the past consummated acquisitions and intend to continue to pursue acquisitions, and our business may be adversely affected if we cannot consummate acquisitions on satisfactory terms, or if we cannot effectively integrate acquired operations. Readers are directed to the risk factors identified in the filings we make with the SEC from time to time, copies of which are available free of charge at the SEC’s website at www.sec.gov under Karman Holdings Inc.

The forward-looking statements included in this announcement are only made as of the date of this announcement. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable law.

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Investor contact:

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KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Other Policy Issues Other Manufacturing Technology Drones Other Defense Contracts Engineering Homeland Security Aerospace Congressional News/Views Manufacturing Public Policy/Government Defense Other Transport Security Satellite Air Transport Other Technology White House/Federal Government Hardware

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LightPath Technologies to Exhibit Advanced Infrared Solutions at 2025 Border Security Expo

PR Newswire


ORLANDO, Fla.
, April 1, 2025 /PRNewswire/ — LightPath Technologies, Inc. (NASDAQ: LPTH) (“LightPath,” the “Company,” or “we”), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced that it will exhibit at the 2025 Border Security Expo. The conference will be held April 8-9, 2025 in Phoenix, Arizona, providing a prime opportunity for LightPath to showcase its expanded portfolio of infrared imaging solutions through the recent acquisition of G5 Infrared (“G5”) and engage with global security and defense stakeholders.

The upcoming exhibition marks LightPath’s first major industry event since the G5 acquisition in February 2025. As part of LightPath, G5 is now uniquely positioned to deliver advanced cooled and uncooled infrared solutions for border control, perimeter security, and other mission-critical applications. By leveraging LightPath’s proprietary BlackDiamond™ glass in G5 cooled infrared cameras, LightPath will showcase how the combined company is driving innovation in the evolving border security and defense markets.

“This is an exciting milestone for the newly combined team, as our combined team’s participation in the 2025 Border Security Expo provides a dynamic platform to demonstrate our broader range of infrared solutions,” commented Sam Rubin, President and CEO of LightPath Technologies. “We look forward to engaging with potential customers and partners, showcasing how our integrated technologies help address the most demanding requirements in border protection and homeland security.”

Attendees at the 2025 Border Security Expo will have the opportunity to explore LightPath’s new offering of high-end cooled infrared camera systems, discover how these offerings complement LightPath’s existing uncooled thermal imaging portfolio, and learn more about customized design and manufacturing solutions. As a vertically integrated provider, LightPath offers in-house engineering support, global production facilities, and deep expertise in optics fabrication, ensuring that every solution is tailored to meet specific performance, cost, and timeline objectives.

Interested parties are encouraged to register. To do so, please visit https://www.bordersecurityexpo.com/register. Interested parties may also contact Jason Messerschmidt, who will be in attendance, at [email protected] for further information or to arrange a meeting.

About LightPath Technologies

LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath’s family of custom solutions range from proprietary BlackDiamond™ chalcogenide-based glass materials – sold under exclusive license from the U.S. Naval Research Laboratory – to complete infrared optical systems and thermal imaging assemblies. The Company’s primary manufacturing footprint is located in Orlando, Florida, with additional facilities in Texas, New Hampshire, Latvia and China. To learn more, please visit www.lightpath.com.

Forward-Looking Statements

This press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “guidance,” “plan,” “estimate,” “will,” “would,” “project,” “maintain,” “intend,” “expect,” “anticipate,” “prospect,” “strategy,” “future,” “likely,” “may,” “should,” “believe,” “continue,” “opportunity,” “potential,” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on information available at the time the statements are made and/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 results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the impact of varying demand for the Company products; the ability of the Company to obtain needed raw materials and components from its suppliers; actions governments, businesses, and individuals take in response to the pandemic, including restrictions on onsite commercial interactions; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas/ Israel war; the effects of steps that the Company could take to reduce operating costs; the inability of the Company to sustain profitable sales growth, convert inventory to cash, or reduce its costs to maintain competitive prices for its products; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; and those factors detailed by LightPath Technologies, Inc. in its public filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and Quarterly Reports on 10-Q. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

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SOURCE LightPath Technologies

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Banzai to Host Fourth Quarter and Full Year 2024 Financial Results Conference Call on Tuesday, April 15, 2025 at 5:30 p.m. Eastern Time

SEATTLE, April 01, 2025 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, will hold a conference call on Tuesday, April 15, 2025, at 5:30 p.m. Eastern Time to discuss its financial results for the fourth quarter and full year ended December 31, 2024, as well as review ongoing initiatives and anticipated 2025 milestones.

Banzai Founder & CEO Joe Davey and Interim CFO Alvin Yip will host the conference call, followed by a question-and-answer session. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of the Company’s website here.

To access the call, please use the following information:

Date: Tuesday, April 15, 2025
Time: 5:30 p.m. Eastern Time (2:30 p.m. Pacific Time)
Webcast Registration:
https://my.demio.com/ref/aLRoHasrpp8D7bM7


A replay of the webcast and the presentation utilized during the call will be available in the Company’s investor relations section here.

About Banzai

Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Customers who use Banzai’s product suite include Autodesk, Dell Technologies, New York Life, Thermo Fisher Scientific, Thinkific, and ActiveCampaign, among thousands of others. Learn more at www.banzai.io. For investors, please visit https://ir.banzai.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

Investor Relations

Chris Tyson
Executive Vice President
MZ Group – MZ North America
949-491-8235
[email protected]
www.mzgroup.us

Media

Rachel Meyrowitz
Director, Demand Generation, Banzai
[email protected]



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Perfect Moment Announces $6.4 Million Series AA Convertible Preferred Stock Private Placement

Perfect Moment Announces $6.4 Million Series AA Convertible Preferred Stock Private Placement

New Capital Supports Strategic Growth; Company Eliminates All Convertible Debt

LONDON–(BUSINESS WIRE)–Perfect Moment Ltd. (NYSE American: PMNT) (“Perfect Moment” or the “Company”), the high-performance luxury skiwear and lifestyle brand, today announced that it has closed a private placement financing of approximately $6.4 million of its newly created 12% Series AA Convertible Preferred Stock. The 1,723,989 shares of Series AA Convertible Preferred Stock are convertible into shares of common stock at a fixed price of $1.1601 per common share.

Participants in the offering include Max Gottschalk, co-founder and chairman of Perfect Moment, who personally invested $2.0 million, reflecting his continued confidence in the company’s new leadership team and long-term growth strategy. Other investors include institutional investors as well as Kahala19, LLC, who invested a further $2.0 million in the new offering. Kahala also converted its previously issued $2.0 million convertible promissory note into common stock at its original $1.00 per share conversion price. As a result of the conversion, Perfect Moment has eliminated all convertible debt outstanding.

The Company intends to use the net proceeds to support strategic growth initiatives, working capital, and general corporate purposes.

ThinkEquity LLC acted as placement agent in connection with the private placement. Manatt, Phelps & Phillips, LLP represented the Company and Sichenzia Ross Ference Carmel LLP represented the placement agent.

Strategic and Operational Momentum

The investment follows the recent appointment of a new executive leadership team—comprising seasoned operators from Canada Goose—underscoring investor conviction in Perfect Moment’s long-term strategic direction. In a short time, the new team has launched a comprehensive transformation program focused on operational efficiency, sustainable growth, and brand elevation.

Key initiatives already underway include structural cost reductions across the supply chain and corporate functions, enhanced gross margin discipline through improved sourcing and pricing strategies, and more agile inventory and channel management. These efforts are delivering tangible results while building a scalable foundation for growth.

At the same time, the organization is doubling down on its brand-building agenda. With strong alignment between creative and commercial functions, Perfect Moment is focused on expanding its product architecture, accelerating global omnichannel reach, and deepening engagement with its customer base.

“This is a defining moment for the brand,” said Perfect Moment’s President and Chief Creative Officer, Jane Gottschalk. “We’ve always had a clear vision—to create technically beautiful pieces that merge performance with fashion, and speak to a lifestyle that’s bold, active, and expressive. Now, with the right leadership team and infrastructure in place, we believe we finally have the platform to scale that vision globally. It’s incredibly energizing to see the business and brand aligning with such momentum.”

Key Terms of the Offering

Each share of Series AA Preferred Stock is convertible into five shares of the Company’s common stock at the option of the investor, at an initial conversion price of $1.1601 per share, subject to customary adjustments.

Beginning six months after the closing date, the Company may require conversion of the Preferred Stock if its common stock trades above 200% of the then conversion price, with average daily volume exceeding 200,000 shares for 20 out of 30 consecutive trading days, subject to certain conditions.

The Series AA Preferred Stock will pay cumulative cash dividends on each share of Series AA Preferred Stock at an annual rate of 12.00% and is not redeemable. The Series AA Preferred Stock is non-voting, except as required by applicable law.

The Company has agreed to file a resale registration statement with the U.S. Securities and Exchange Commission covering the resale of the shares of common stock underlying the Series AA Preferred Stock.

Please refer to the Company’s forthcoming Current Report on Form 8-K for the complete terms of the transaction, which is filed with the Securities and Exchange Commission and made available at www.sec.gov.

Securities Law Disclosure

The securities sold in the private placement have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and are being issued and sold in reliance upon exemptions from registration under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D. These securities may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

About Perfect Moment LTD.

Perfect Moment is a high-performance luxury skiwear and lifestyle brand that blends technical excellence with fashion-forward designs, creating pieces that effortlessly transition from the slopes to the city, the beach, and beyond.

The brand was born in 1984 in the mountains of Chamonix, France, relaunched by Max and Jane Gottschalk in 2012, and acquired by the company in 2017 and 2018. Initially the vision of extreme sports filmmaker and professional skier Thierry Donard, the brand has been built on a sense of adventure which it has sustained for more than 20 years. Fueled by his personal experiences, Donard was driven by a desire to create pieces that offered quality, style and performance, pushing the wearer in the pursuit of every athlete’s dream: to experience ‘The Perfect Moment.’

In 2012, British-Swiss entrepreneurial couple Jane and Max Gottschalk took ownership of the brand. Under Jane’s creative direction Perfect Moment was injected with a new style focus, one that reignited the spirit of the heritage brand, along with a commitment to improving fit, performance and the use of best-in-class functional materials. As such, the designs evolved into distinct statement pieces synonymous with the brand as we know it today.

Today, the brand is available globally, online and at major retailers, including MyTheresa, Net-a-Porter, Harrods, Selfridges, Saks, Bergdorf Goodman and Neiman Marcus.

Perfect Moments’ global luxury ski apparel market is expected to reach $1.7 billion in 2024 and grow at a compound annual growth rate (CAGR) of 6.2% through 2033, according to Business Research Insights. Its expanding market for luxury outerwear is expected to reach $17.9 billion in 2024 and grow at a 6.7% CAGR through 2033, reports Business Research Insights.

Learn more at www.perfectmoment.com.

Forward-looking Statements

This release contains forward-looking statements that relate to expectations or forecasts of future events. Forward-looking statements may be identified by the use of words such as “expect”, “anticipate”, “believe”, “may”, “will” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Such forward-looking statements include statements relating to our use of proceeds from the transaction. Forward-looking statements are based on current expectations that are subject to known and unknown risks and uncertainties, which could cause actual results or outcomes to differ materially from expectations expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including Item 1A (Risk Factors) of the Company’s Form 10-K for the year ended March 31, 2024 and its subsequently filed periodic reports. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Although it may voluntarily do so from time to time, the Company undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Company Contact

Julie Robinson, Brand Director

Perfect Moment

Tel +44 7595178702

Email contact

Investor Contact

Ronald Both or Grant Stude

CMA Investor Relations

Tel (949) 432-7566

Email contact

KEYWORDS: United Kingdom Europe

INDUSTRY KEYWORDS: Fashion Retail Skiing/Snowboarding Sports Luxury Consumer Women

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Lumentum Showcases Next-Generation InP Chip Solutions Enabling Scalable AI Data Centers at OFC 2025

Lumentum Showcases Next-Generation InP Chip Solutions Enabling Scalable AI Data Centers at OFC 2025

SAN JOSE, Calif.–(BUSINESS WIRE)–
Lumentum Holdings Inc. (“Lumentum“), a global leader in optical and photonic solutions for the cloud and networking markets, announced today new advancements in foundational indium phosphide (InP) photonic chip technologies designed to deliver higher bandwidth and more power efficient connectivity for next-generation AI-driven data centers. Lumentum’s latest InP innovations — enabling future 400 Gbps-per-lane optical links, more efficient 200 Gbps-per-lane optical links, and co-packaged optics — will be showcased in live demonstrations and a technical presentation at the 2025 Optical Fiber Communications Conference and Exhibition (OFC) at Lumentum booth #2119 in San Francisco, California, April 1-3.

As AI workloads grow exponentially, optical link speeds in AI back-end networks are doubling approximately every two years — driving a critical need for innovation in leading-edge photonic technologies. At the same time, power availability and cooling requirements are placing increasing constraints on data centers, making energy efficiency more important than ever. Lumentum’s InP component technologies directly address both challenges by enabling power-efficient bandwidth scaling in photonic interconnects.

“Building on decades of InP expertise, Lumentum is driving industry technology leadership and volume production readiness for the future 400G per lane generation of optical interconnects, along with more efficient 200G per lane optical interconnects, to enable data center compute capacity scaling,” said Matt Sysak, Lumentum CTO of Cloud and Networking. “Lumentum InP technology is also enabling new co-packaged optics solutions to significantly reduce power consumption in AI data center networks, supporting larger AI installations and accelerating the transition from copper to photonic interconnects.”

Advancing 400 Gbps-per-Lane Laser Technology

Lumentum is demonstrating 400 Gbps-per-lane photonic technologies poised to enable the 3.2T generation of optical transceivers at OFC 2025 in live demonstrations and partner announcements, including:

  • 448G EML: Lumentum will demonstrate 448 Gbps data transmission using a 224 GBaud PAM4 externally modulated laser (EML) technology in collaboration with Keysight Technologies and NTT Innovative Devices at booth #1301. Lumentum’s high-bandwidth InP EML will enable next generation power-efficient, high-speed optical interconnects for AI and cloud infrastructure.
  • 450G PAM4 DFB-MZI: A live demonstration of Lumentum’s 450 Gbps PAM4 distributed feedback (DFB) laser with an integrated Mach-Zehnder (MZI) modulator will highlight another of Lumentum’s 400 Gbps-per-lane technologies. Also based on Lumentum’s high-speed InP photonic technology platform, the DFB-MZI provides superior chirp control, power efficiency, and reduced signal distortion, which are critical advantages for longer reach applications and complements Lumentum’s 400 Gbps-per-lane EML technology. See the demonstration at booth #2119.

High-Efficiency 200 Gbps-per-Lane Transmitter Technology

Lumentum today delivers best-in-class transmit and receive components designed to meet the demands of next-generation AI data centers. Transitioning from 100 Gbps to 200 Gbps lane speed enables data center bandwidth scaling to support accelerated AI workloads. Lumentum’s 200 Gbps-per-lane InP EMLs are available now.

To address power challenges in bandwidth scaling, Lumentum engineers presented a technical paper at OFC 2025 detailing results from Lumentum’s new 200 Gbps-per-lane differential drive electro-absorption modulated laser (DD EML). These lasers operate at a lower drive voltage, reducing power dissipation while offering excellent signal integrity and cross-talk immunity.

Complementing the 200G EMLs is Lumentum’s 200G Lens Integrated Photodiode (LIPD) which features high responsivity and wide bandwidth. The 200G LIPD integrates seamlessly with flip-chip bonding techniques.

Ultra-High-Power Lasers for Co-Packaged Optics

Lumentum’s breakthrough ultra-high power (UHP) 1310 nm DFB lasers are engineered for the demanding requirements of co-packaged optics (CPO) to support higher-density optical interconnects with enhanced power efficiency, reliability, and density. The UHP platform’s proven high reliability is rooted in Lumentum’s long-standing leadership in InP pump lasers for demanding Raman amplification applications.

Lumentum was recently selected as an NVIDIA silicon photonics ecosystem partner and Lumentum’s ultra-high-power, high-efficiency lasers are integrated into NVIDIA’s newly announced Spectrum-X Photonics and Quantum-X Photonics networking switches.

InP photonic technology is a critical enabler of AI data center compute capacity growth. Lumentum continues to innovate and be at the forefront of InP photonic technology and is collaborating closely with industry leaders to shape long-term technology roadmaps. By advancing next-generation InP photonic solutions, the company is enabling power-efficient bandwidth scaling in optical interconnects.

About Lumentum

Lumentum (NASDAQ: LITE) is a market-leading designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide. Lumentum optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum lasers enable advanced manufacturing techniques and diverse applications, including next-generation 3D sensing capabilities. Lumentum is headquartered in San Jose, California, with R&D, manufacturing, and sales offices worldwide. For more information, visit www.lumentum.com and follow Lumentum on Bluesky, Facebook, Instagram, LinkedIn, X, and YouTube.

Lumentum Contact Information:

Investors: Kathy Ta, 408-750-3853; [email protected]

Media: Noël Bilodeau, 408-439-2140, [email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Semiconductor Technology Software Networks Artificial Intelligence Hardware

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Prologis to Host Virtual 2025 Stockholders Meeting May 8

PR Newswire


SAN FRANCISCO
, April 1, 2025 /PRNewswire/ — Prologis, Inc. (NYSE: PLD) will host its annual stockholders meeting on Thursday, May 8, 2025, at 1:30 p.m. PT/4:30 p.m. ET.

The meeting, which will be open to all Prologis stockholders of record as of March 12, 2025, will be conducted via a virtual live webcast. The link for the live webcast is PLD Annual Shareholder Meeting.

A replay of the meeting will be posted when available in the Investor Relations section of www.prologis.com under “Events & Presentations.”

About Prologis
The world runs on logistics. At Prologis, we don’t just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.

Forward-Looking Statements
The statements in this document that are not historical facts are 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. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management’s beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” and “estimates” including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future—including statements relating to rent and occupancy growth, acquisition and development activity, contribution and disposition activity, general conditions in the geographic areas where we operate, expectations regarding new lines of business, our debt, capital structure and financial position, our ability to earn revenues from co-investment ventures, form new co-investment ventures and the availability of capital in existing or new co-investment ventures—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; (x) risks related to global pandemics; and (xi) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading “Risk Factors.” We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law.

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SOURCE Prologis, Inc.

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Allspring Utilities and High Income Fund (ERH) CUSIP 94987E109 IMPORTANT NOTICE TO SHAREHOLDERS

PR Newswire


CHARLOTTE, N.C.
, April 1, 2025 /PRNewswire/ — This Notice provides information about the sources of the Fund’s monthly distributions. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Plan.

The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. Sources include net investment income (NII), short-term capital gains (ST), long-term capital gains (LT) and paid in capital. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

The following table provides an estimate of the Fund’s distribution sources, reflecting the fiscal year-to- date cumulative amount of distributions. The Fund attributes these estimates equally to each regular distribution throughout the year. Consequently, the estimated information as of the specified month-end shown below is for the current distribution, and also represents an updated estimate for all prior months in the year.

DATA AS OF 3/31/2025

ESTIMATED SOURCES OF DISTRIBUTION

PER SHARE DISTRIBUTION

NII

LT GAINS

ST GAINS

PAID IN CAPITAL

ERH (FYE 8/31)

Current Month ($)

0.07724

0.05792

0.00000

0.00000

0.01932

Current Month (%)

100.00 %

75.00 %

0.00 %

0.00 %

25.00 %

Fiscal Year to Date ($)

0.49113

0.22761

0.00000

0.00000

0.26352

Fiscal Year to Date (%)

100.00 %

46.30 %

0.00 %

0.00 %

53.70 %

The following table provides information regarding distributions and total return performance over various time periods. This information is intended to help you better understand whether returns for the specified time periods were sufficient to meet distributions.

DATA AS OF 2/28/2025

ANNUALIZED

CUMULATIVE

5-YEAR

FISCAL YTD

FISCAL YTD

FISCAL YTD

FISCAL YTD DIST

NAV

RETURN ON NAV

DIST RATE ON NAV1

RETURN ON NAV

DIST RATE ON NAV1

ERH (FYE 8/31)

0.41389

12.40

7.72 %

6.73 %

6.82 %

3.34 %


1 As a percentage of 2/28 NAV

Additional Disclosures about the Allspring Closed-End Funds

The fund makes distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions to common shareholders of the fund at an annual minimum fixed rate of 7.0%, based on the fund’s average monthly net asset value (NAV) per share over the prior 12 months. Under the managed distribution plan, distributions are sourced from income and also may be sourced from paid-in capital and/or capital gains. The fund’s distributions in any period may be more or less than the net return earned by the fund on its investments and therefore should not be used as a measure of performance or confused with yield or income. Distributions in excess of fund returns will cause the fund’s NAV to decline. Investors should not draw any conclusions about the fund’s investment performance from the amount of its distribution or from the terms of its managed distribution plan.

The quoted distribution rate is a figure that uses the fund’s previous distribution to calculate an annualized figure. The distribution rate is calculated by annualizing the last distribution and then dividing by the period-ending NAV or market price. Special distributions, including special capital gains distributions, are not included in the calculation.

The Allspring Utilities and High Income Fund is a closed-end equity and high-yield bond fund. The fund’s investment objective is to seek a high level of current income and moderate capital growth with an emphasis on providing tax-advantaged dividend income.

The final determination of the source of all dividend distributions in the current year will be made after year-end. The actual amounts and sources of the amounts for tax-reporting purposes will depend upon a fund’s investment experience during the remainder of the fiscal year and may be subject to change based on tax regulations. Each fund will send shareholders a Form 1099-DIV for the calendar year that will tell shareholders how to report these distributions for federal income tax purposes.

For more information on Allspring’s closed-end funds, please visit our website.

This closed-end fund is no longer available as an initial public offering and is only offered through broker-dealers on the secondary market. A closed-end fund is not required to buy its shares back from investors upon request. Shares of the fund may trade at either a premium or discount relative to the fund’s net asset value, and there can be no assurance that any discount will decrease. The values of, and/or the income generated by, securities held by the fund may decline due to general market conditions or other factors, including those directly involving the issuers of such securities. Equity securities fluctuate in value in response to factors specific to the issuer of the security. Debt securities are subject to credit risk and interest rate risk, and high yield securities and unrated securities of similar credit quality have a much greater risk of default and their values tend to be more volatile than higher-rated securities with similar maturities. The fund is also subject to risks associated with any concentration of its investments in the utility sector. Funds that concentrate their investments in a single industry or sector may face increased risk of price fluctuation due to adverse developments within that industry or sector. The fund is leveraged through a revolving credit facility and also may incur leverage by issuing preferred shares in the future. The use of leverage results in certain risks, including, among others, the likelihood of greater volatility of net asset value and the market price of common shares. Foreign investments may contain more risk due to the inherent risks associated with changing political climates, foreign market instability, and foreign currency fluctuations. Derivatives involve additional risks, including interest rate risk, credit risk, the risk of improper valuation, and the risk of noncorrelation to the relevant instruments they are designed to hedge or closely track.

This material is for general informational and educational purposes only and is NOT intended to provide investment advice or a recommendation of any kind—including a recommendation for any specific investment, strategy, or plan.

Some of the information contained herein may include forward-looking statements about the expected investment activities of the funds. These statements provide no assurance as to the funds’ actual investment activities or results. Readers must make their own assessment of the information contained herein and consider such other factors as they may deem relevant to their individual circumstances.

Allspring Global Investments™ is the trade name for the asset management firms of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, L.P. These firms include but are not limited to Allspring Global Investments, LLC, and Allspring Funds Management, LLC. Certain products managed by Allspring entities are distributed by Allspring Funds Distributor, LLC (a broker-dealer and Member FINRA/SIPC). ALL-03272025-fjrunq6u

© 2025 Allspring Global Investments Holdings, LLC. All rights reserved.

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SOURCE Allspring Global Investments

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Jonathan Pollack Joins Starwood Capital Group as President

PR Newswire


MIAMI
, April 1, 2025 /PRNewswire/ — Starwood Capital Group (“Starwood Capital”), a global private investment firm with a primary focus on real estate, today announced that Jonathan Pollack officially joined the firm as its President effective today, April 1st. Mr. Pollack brings more than 26 years’ experience in real estate investing to his new role and will work with Chairman and CEO Barry Sternlicht and the rest of Starwood Capital’s senior leadership team to guide the firm into the next stage of its growth. Starwood Capital, together with its affiliates, today employs almost 7,000 people in 17 offices in eight countries, investing on behalf of hundreds of limited partners around the globe.

“I am excited to officially welcome Jonathan to Starwood Capital,” said Barry Sternlicht, Chairman and CEO of Starwood Capital. “The firm and our investors will benefit immensely from his global expertise and complementary skill set as we prepare Starwood Capital for continued growth and innovation into the future. For more than three decades, our firm has successfully navigated multiple economic cycles and invested in nearly every real estate asset class. Starwood Capital is one of the top firms of its kind in the world today. We have set a standard for excellence in real estate investing, for client partnership and for fiduciary duty. Jonathan will build on this successful legacy, helping expand our existing platforms, identifying new ones, and attracting and retaining key talent. He shares my passion for making Starwood a top place to work for aspiring, creative and caring people.” Mr. Pollack is joining all the firm’s Committees, including the Executive, Investment, Disposition, Valuation and Operating Committees.

Prior to joining Starwood Capital, he most recently worked at Blackstone Group, where he served as Global Head of the firm’s Real Estate Credit business (BREDS) since 2016. He was also a member of Blackstone’s Real Estate Executive Committee and Investment Committee, as well as the firm’s Operating Committee. Under Mr. Pollack’s leadership, AUM at BREDS grew to $84 billion from $10 billion, with capital sources including drawdown funds, insurance capital and an NYSE-listed mortgage REIT.

“I am thrilled to be joining Starwood Capital and its talented team of executives as we continue to seek out high-quality investment opportunities around the globe and grow the firm’s footprint,” Mr. Pollack said. “The firm’s proven track record of investing thoughtfully across geographies and asset classes positions it perfectly for success in this market and I am looking forward to lending my expertise and hitting the ground running from day one.”

Concurrent with Mr. Pollack beginning his role and as previously announced, Jeffrey G. Dishner has assumed the role of Vice Chairman and Head of Strategy and Business Development.

Prior to joining Blackstone in 2015, Mr. Pollack was the global head of Commercial Real Estate at Deutsche Bank, and established DB as the top CMBS issuer and a leading special situations investor following the global financial crisis in 2008. Mr. Pollack also spent eight years in Deutsche Bank’s London headquarters, helping to build the European CRE business as the head of Capital Markets. Mr. Pollack graduated from Northwestern University with a BA in Economics. He is a member of the Board of Trustees of East Harlem Tutorial Program, a leading charter school and after school program in New York City.

About Starwood Capital Group

Starwood Capital Group is a private investment firm with a core focus on real assets globally. Since its inception in 1991, Starwood Capital Group has raised over $80 billion of capital, and currently has ~$115 billion of assets under management. Through a series of comingled opportunity funds and Starwood Real Estate Income Trust, Inc. (SREIT), a non-listed REIT, the Firm has invested in virtually every category of real estate on a global basis, opportunistically shifting asset classes, geographies and positions in the capital stack as it perceives risk/reward dynamics to be evolving.

Starwood Capital also manages Starwood Property Trust (NYSE: STWD), the largest commercial mortgage real estate investment trust in the United States, which has successfully deployed over $102 billion of capital since inception and manages a portfolio of over $25 billion across debt and equity investments. Additionally, Starwood Capital manages approximately $4 billion in several private debt funds investing across the globe.

Starwood’s large owned portfolio and its active affiliates provide significant real-time information that can be acted on, across asset classes and geographies. These affiliates include: Starwood’s in-house property management company with over 2,000 people, Starwood Digital Ventures – Starwood’s in-house data center platform with over 60 people fully dedicated to Starwood’s data center investment strategy, Starwood Hotels – Starwood’s affiliated hotel brand management team with almost 4,000 professionals, Essex Title – which acts as a title agent for one or more underwriters in issuing title policies and/or providing support services, and Starwood Oil & Gas – which leverages Starwood’s industry knowledge and extensive transactional experience to capitalize on conventional and unconventional assets in North America. Over the past 33 years, Starwood Capital Group and its affiliates have successfully executed an investment strategy that involves building enterprises in both the private and public markets. Additional information can be found at www.starwoodcapital.com, www.starwoodnav.reit, www.starwoodpropertytrust.com and www.starwoodhotels.com.

Media Contacts:

H/Advisors Abernathy

Tom Johnson: [email protected], (212) 371-5999

Dan Scorpio, [email protected], (646) 899-8118

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SOURCE Starwood Capital Group

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Quantum Computing Inc. Secures Quantum Photonic Vibrometer Order with Delft University of Technology

PR Newswire


HOBOKEN, N.J.
, April 1, 2025 /PRNewswire/ — Quantum Computing Inc. (“QCi” or the “Company”) (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced it has received its second purchase order in the Company’s LiDAR-based R&D offering. This latest order comes from the Department of Aerospace Structures and Materials at Delft University of Technology in the Netherlands. TU Delft is a world renowned public technical university, consistently ranking in the top 20 of technical universities globally. TU Delft specializes in engineering, technology, computing, design, and the natural sciences, winning multiple awards such as JEC Composites Innovation Award 2025 and Airbus-BMW Quantum Computing Challenge.

This purchase order is for a Quantum Photonic Vibrometer (QPV) that can be used in sensing applications in challenging operational environments over a range of distances. Assistant Professor Vahid Yaghoubi played a crucial role in the technical evaluation of the Quantum Photonic Vibrometer (QPV) to ensure its capabilities align with the advanced research needs of TU Delft in Non-Destructive Testing (NDT) and Structural Health Monitoring (SHM).

“At TU Delft, we are always looking for cutting-edge technologies that push the boundaries of non-destructive testing. QCi’s Quantum Photonic Vibrometer stood out due to its advanced photon-counting capabilities, high sensitivity, and ability to perform contactless measurements. Through our evaluation, we found its unique advantages over traditional LDVs to be highly compelling for our research applications. This purchase marks a significant step in developing next-generation NDT/SHM techniques by integrating quantum sensing technologies into our work,” stated Assistant Professor Dr. Vahid Yaghoubi of TU Delft.

With this purchase, TU Delft, with the leadership of Professor Vahid Yaghoubi, will be benchmarking QPV against results from other classical vibrometers to verify and validate its performance and characteristics. Using leading edge photonic sensing techniques to achieve high speed, single-photon sensitivity, and noise rejection, QCi’s QPV operates at an eye-safe wavelength and can accurately characterize vibrational spectra with an amplitude as low as 110 nanometers.

“With this order, we have an exciting opportunity to provide our American-made technology and services to such an esteemed, international technology university, underscoring market demand for more sensitive and effective vibrometer solutions that cannot be attained through traditional technology. Our quantum photonic technology exponentially suppresses background noise, creating accurate outcomes while supporting a variety of research applications,” stated Dr. William McGann, Chief Executive Officer of QCi.

In March, Associate Professor Nathan Eskue, who specializes in robotics, manufacturing, project management, and rapid iteration prototyping for the Faculty of Aerospace Engineering at Delft University of Technology, joined QCi at its global headquarters in Hoboken, New Jersey, to test, train and deploy the device as part of a series of planned collaborations and publications. Associate Professor Eskue will collaborate with QCi experts for his upcoming publication Advancing Industry 5.0 that he is currently authoring.

This order comes less than a year after internationally renowned John Hopkins University purchased QCi’s Scanning LiDAR, which uses cutting edge single-photon detection technology coupled with high precision time-tagging at a wavelength of 532nm, to test and evaluate underwater LiDAR technology. Dr. Jeeva Ramanathan, PhD, Quantum Tech Lead at QCi, who authored two patents for this advanced technology and has led its development at the Company added, “this latest order of our quantum photonic vibrometer illustrates the demand for our safe, precise, and non-destructive testing technology which can be used in an array of applications from determining the quality and integrity of materials to monitoring performance of materials during operational use.”


About Quantum Computing Inc.


Quantum Computing Inc.
 (Nasdaq: QUBT) is an innovative, integrated photonics and quantum optics technology company that provides accessible and affordable quantum machines to the world today. QCi’s products are designed to operate at room temperature and low power at an affordable cost. The Company’s portfolio of core technologies and products offer unique capabilities in the areas of high-performance computing, artificial intelligence, and cybersecurity, as well as remote sensing applications.


About Assistant Professor Dr. Vahid Yaghoubi


Dr. Vahid Yaghoubi
 is an Assistant Professor at the Faculty of Aerospace Engineering at TU Delft. He is a leading expert in Artificial Intelligence, Uncertainty Quantification, and Applied Vibration. He is the head of the Q-VAIbe research group, where they leverage quantum physics and AI to develop the next generation of vibration-based monitoring techniques. His research aims to enhance the accuracy, sensitivity, reliability, and efficiency of monitoring systems to push the boundaries of non-destructive testing (NDT) and structural health monitoring (SHM) in complex engineering systems.


About Associate Professor Nathan Eskue


Dr. Nathan Eskue
 is an Associate Professor of Artificial Intelligence in Manufacturing at the Faculty of Aerospace Engineering at TU Delft, specializes in artificial intelligence, robotics, manufacturing, project/ business management, along with rapid iteration prototyping. Associate Professor Eskue has spoken at over fifty international conferences on technical topics such as artificial intelligence, aerospace, defense and quantum.

Company Contact:

Rosalyn Christian/John Nesbett
IMS Investor Relations
[email protected]


Forward-Looking Statements

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements and forecasts, generally identified by terms such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “intends,” “goal,” “objective,” “seek,” “attempt,” “aim to,” or variations of these or similar words, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Those statements include statements regarding the intent, belief, or current expectations of QCi and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the comparative performance and market demand for quantum photonic vibrometers, and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, QCi undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.

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SOURCE Quantum Computing Inc.

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Broadcom Awards ePlus Growth Partner of the Year for VMware

PR Newswire


HERNDON, Va.
, April 1, 2025 /PRNewswire/ — ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has been named the 2024 VMware Fastest Growth Partner (Americas) by Broadcom. ePlus is recognized for outstanding year-over-year growth in subscription bookings.

ePlus was recognized for its ability to leverage its advisory services, including licensing assessments and VMware Optimization Assessments, to help VMware customers quickly navigate change and understand the value in the new VMware Cloud Foundation (VCF) and VMware vSphere Foundation (VVF) subscription models.  ePlus is a Broadcom Premier Solution Provider, well-known for its technical expertise and decades of experience with VMware solutions.

Together with Broadcom, ePlus helps customers build, secure, and manage cloud technology infrastructures to modernize operations and help enable innovation. With VMware’s private cloud software suite as a foundation, ePlus’ experienced consulting approach and technical engineering expertise helps organizations apply technology in the most effective way to help deliver better business outcomes.

“We are extremely proud of this achievement, which is clear validation of our expertise and effort to assist our customers in navigating the evolution of the products and solutions available to them from Broadcom,” said Darren Raiguel, chief operating officer at ePlus. “ePlus’ engagement and involvement has been critical in helping our customers accurately assess their environments and needs. As a result of the focus and dedication of our cloud and data center virtualization teams, many of our VMware customers have been able to right-size their investments with confidence.”

According to the Broadcom announcement[1], “our winning partners played key roles in driving innovation, go-to-market execution excellence, investing in enablement and technical expertise — all while delivering superior customer outcomes.”

About ePlus inc.

ePlus is a customer-first, services-led, and results-driven industry leader offering transformative technology solutions and services to provide the best customer outcomes. Offering a full portfolio of solutions, including artificial intelligence, security, cloud and data center, networking and collaboration, as well as managed, consultative and professional services, ePlus works closely with organizations across many industries to successfully navigate business challenges. With a long list of industry-leading partners and more than 2,200 employees, our expertise has been honed over more than three decades, giving us specialized yet broad levels of experience and knowledge. ePlus is headquartered in Virginia, with locations in the United States, United Kingdom, Europe, and Asia‐Pacific. For more information, visit www.eplus.com, call 888-482-1122, or email [email protected].  Connect with ePlus on LinkedIn, X, Facebook, and Instagram. 

ePlus®, Where Technology Means More®, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries.  The names of other companies, products, and services mentioned herein may be the trademarks of their respective owners.

_____________________________
1

Broadcom 2024 Partner Awards
, March 7, 2025, Laura Falko

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SOURCE EPLUS INC.