Market Newsdesk

BOSTON, May 09, 2025 (GLOBE NEWSWIRE) — Berman Tabacco announces that it is investigating potential securities law violations by Compass Diversified Holdings (“Compass” or the “Company”) (NYSE: CODI).

About the Investigation

On May 7, 2025, after the markets closed, Compass filed a Form 8-K which stated that the Audit Committee of Board of Directors “commenced an internal investigation into the financing, accounting, and inventory practices of Lugano Holding, Inc. (‘Lugano’), a subsidiary and operating segment of the Company, based on concerns reported to Company management as to these practices. Upon being notified of the concerns, Company management immediately informed the Audit Committee, and the Audit Committee promptly retained outside legal counsel to assist in conducting the investigation.”  

Compass disclosed that “[t]he investigation, which remains ongoing, focuses on certain unrecorded financing arrangements and irregularities identified in sales, cost of sales, inventory, and accounts receivable recorded by Lugano.” Further, “the Audit Committee concluded that the Company’s consolidated financial statements and other financial information for the fiscal year ended December 31, 2024 should no longer be relied upon due to the materiality of the preliminary findings of the investigation described above.”

On May 8, 2025, shares of Compass closed at $6.55 per share, down from its previous close of $17.25 per share, a decline of over 60%.

Contact

If you would like more information concerning our investigation, please click here: Shareholder Contact | Berman Tabacco or contact us at 800-516-9926 or [email protected].

About Berman Tabacco

Since 1982, our firm has prosecuted hundreds of securities cases on behalf of investors. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Benchmark Litigation, which ranked the firm as a Top Plaintiffs’ Firm and as Highly Recommended. Chambers USA recognized the firm as a leading securities litigation firm in its Securities Litigation–Mainly Plaintiff category. The Legal 500 has also ranked the firm as recommended in securities litigation. The firm has offices in Boston, Massachusetts and San Francisco, California.

This notice may constitute attorney advertising.

Past results do not guarantee future outcomes.

Jay Eng, Esq.
Berman Tabacco
One Liberty Square
Boston, Massachusetts
(800) 516-9926
Email: [email protected]

TAMPA, Fla., May 09, 2025 (GLOBE NEWSWIRE) — SRx Health Solutions, Inc. (NYSE American: SRXH) (the “Company”), a leading global health and wellness company, today announced its intention to create a subsidiary to borrow Solana, Bitcoin, and other cryptocurrencies to borrow against its Halo assets to provide more financial flexibility to operate its business units.

Adesh Vora, Chairman of SRx Health Solutions, commented, “Our intention to create a new crypto-based borrowing subsidiary would take in Solana and/or Bitcoin, for example, in exchange for a portion of Halo profits, the Company’s North American asset, limiting dilution to common shareholders while giving SRx the financial flexibility to operate its business units. Global Investors would be able to deposit their cryptocurrency within the newly created unit backed by the assets and profits of the HALO brand. As capital potentially comes in the form of Solana or Bitcoin we would be able to deploy into marketing and sales budgets of Halo. This is a conceptual plan, and we are very much looking forward to talking to the crypto community about how to achieve these goals.”

About SRx Health Solutions, Inc.

SRx Health Solutions Inc. is an integrated Canadian healthcare services provider that operates within the specialty healthcare industry. The SRx network extends across all ten Canadian provinces, making it one of the most accessible providers of comprehensive, integrated, and customized specialty healthcare services in the country. SRx combines years of industry knowledge, technology, and patient-centric focus to create strategies and solutions that consistently exceed client expectations and drive critical patient care initiatives aimed to improve the wellness of Canadians.  For more information on SRx Health Solutions Inc., please visit www.srxhealth.com.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Further information on the Company’s risk factors is contained in our filings with the SEC. Any forward-looking statement made by us herein speaks only as of the date on which it is made. 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. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Company Contact:

SRx Health Solutions, Inc.
Adesh A. Vora, Chairman

Investor Contact:

KCSA Strategic Communications
Valter Pinto, Managing Director
T: 212-896-1254
[email protected]

SEATTLE, May 09, 2025 (GLOBE NEWSWIRE) — Remitly Global, Inc. (NASDAQ: RELY) (“Remitly”), a trusted provider of digital financial services that transcend borders, today announced that its management team will present at the following investor conferences:

J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference
Date: Wednesday, May 14, 2025
Time: 2:20 p.m. Eastern Time / 11:20 a.m. Pacific Time

Barclays 15th Annual Emerging Payments and FinTech Forum
Date: Tuesday, May 20, 2025
Time: 10:20 a.m. Eastern Time / 7:20 a.m. Pacific Time

The presentations will be webcast live from Remitly’s investor relations website at https://ir.remitly.com/. After the presentation, a replay of the events will be available on the investor relations website. 

About Remitly

Remitly is a trusted provider of digital financial services that transcend borders. With a global footprint spanning more than 170 countries, Remitly’s digitally native, cross-border payments app delights customers with a fast, reliable, and transparent money movement experience. Building on its strong foundation, Remitly is expanding its suite of products to further its vision and transform lives around the world.

Investor Relations Contact:
Stephen Shulstein
Vice President of Investor Relations
[email protected]

Media Inquiries:
[email protected]

SOURCE Remitly Global, Inc.

Geneva, Switzerland, May 09, 2025 (GLOBE NEWSWIRE) — SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or “Company”), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, together with WISeKey International Holding Ltd (SIX: WIHN, NASDAQ: WKEY) and WISeSat.Space AG, today announced that on June 2025 will launch the WISeSat 2.1, the first satellite embedding SEALSQ’s WISeKey Quantum RootKey as part of a space-based Quantum Key Distribution (QKD) Proof-of-Concept. This launch marks a breakthrough in protecting satellite communications from quantum-enabled cyberattacks and confirms SEALSQ’s leadership in securing critical space and terrestrial infrastructure using post-quantum technologies.

The WISeKey Quantum RootKey is a hardware-based root-of-trust technology, designed to resist quantum decryption attacks by securing key generation, storage, and management directly on the satellite. This ensures that sensitive cryptographic operations remain isolated, tamper-resistant, and protected against both classical and quantum threats. Leveraging NIST-recommended post-quantum algorithms such as CRYSTALS-Kyber and CRYSTALS-Dilithium, the RootKey enables end-to-end secure authentication, encryption, and data integrity, even under the computational power of future quantum computers.

The deployment of this technology in WISeSat 2.1 enables several critical applications:

• Allows secure command authentication to prevent spoofing or unauthorized control of satellites.
• Protects sensitive data such as Earth observation imagery, defense communications, and scientific measurements during transmission to ground stations.
• Supports the secure distribution of cryptographic keys to protect critical infrastructure, including energy, transportation, and smart city systems.
• Enables trusted onboarding of billions of IoT devices worldwide, even in remote or disconnected regions, by delivering quantum-resistant cryptographic identities from space.

As nation-states and threat actors advance quantum computing capabilities, satellites face increasing risks of key extraction, spoofing, and eavesdropping. SEALSQ’s Quantum RootKey defends against these attacks by securely isolating keys, validating all commands with post-quantum signatures, and ensuring that any interception of quantum key exchanges is immediately detectable. Combined with hardware-based anti-tamper protections, this solution provides a resilient security architecture designed to withstand the next generation of cyber threats.

With these launches, WISeSat is gradually integrating multiple layers of post-quantum and quantum-related technologies designed to harness the unique conditions of space, such as microgravity, to enable breakthroughs that are challenging or impossible to achieve on Earth. Quantum sensing, for instance, is poised to revolutionize positioning, navigation, and timing (PNT) systems, which are vital for both space missions and terrestrial critical infrastructure. These advancements could significantly enhance resilience against navigation signal spoofing or jamming attacks.

Additionally, these innovations open the door for future resource exploration and mining in extraterrestrial environments, providing secure communication and navigation systems essential for operating in deep space. Microgravity conditions also enable the manufacturing of advanced materials and the testing of quantum applications that require isolated environments free from terrestrial interference. This could accelerate the development of un-hackable communication networks and help build the technological foundations for a resilient and secure space economy.

The WISeSat 2.1 mission positions Europe and its allies to strengthen their sovereignty in space-based communications at a time of growing geopolitical and cybersecurity tensions. By delivering a fully sovereign, quantum-resistant satellite security infrastructure, SEALSQ demonstrates its capability to secure the most critical layers of global digital trust.

About SEALSQ:

SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.

SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.

For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com.

Forward-Looking Statements

This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ’s filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) — Prospect Capital Management L.P. (“Prospect”), investment adviser to Prospect Capital Corporation (NASDAQ: PSEC) and other funds, announced today that Prospect has received an Honorable Mention in Mergers & Acquisitions’ 2025 Middle-Market Deals of the Year Awards for Prospect’s role in providing value-added capital to Druid City Infusion (“Druid City”).

The recognition highlights Prospect’s role as a significant capital provider and lender in the transaction, which is the first time a franchise within the Vital Care network received institutional capital. Vital Care is the nation’s largest home infusion franchise platform, with over 160 locations in 35 states. The Druid City transaction, which closed on September 30, 2024, was led by operationally-focused independent sponsor Inlet Road Capital Management, with Prospect providing a one-stop capital solution through a creative convertible term loan structure.

“This transaction exemplifies our ability to deliver flexible, value-added capital to lower middle market independent sponsors, particularly firms with value to contribute through proprietary deal flow and operational expertise,” said Grier Eliasek, President and Chief Operating Officer of Prospect Capital Corporation. “Prospect Capital is pleased to be recognized by Mergers & Acquisitions for supporting a high-growth healthcare platform that is expanding access to essential infusion therapy services.”

Druid City operates nine territories within the Vital Care system, including locations in Alabama, Mississippi, South Carolina, Tennessee, and Louisiana. The Tuscaloosa location in Alabama was recently honored as the number one franchise in the network for two consecutive years and became the first Vital Care site to exceed $100 million in annual receipts.

To view the full list of Mergers & Acquisitions’ 2025 Mid-Market Award winners and honorees, please visit the publication’s website. The award described above may not be representative of anyone investor’s experience with Prospect and should not be viewed as indicative of future performance.

About Prospect Capital Management L.P.:

Prospect is an SEC-registered investment adviser headquartered in New York City that, along with its predecessors and affiliates, has 38 years of experience investing in and managing high-yielding debt and equity investments using both private partnerships and publicly traded closed-end structures. Prospect and its affiliates employ a team of 140 professionals who focus on credit-oriented investments yielding attractive current income. Prospect, together with its affiliates, has $7.9 billion of regulatory assets under management as of March 31, 2025. For more information, call (212) 448-0702 or visit https://www.prospectcap.com.