Market Newsdesk

November 21, 2025 10:37 am

Compensation Management Software Evolves with AI and Analytics to Drive Workforce Strategies, ISG Says

Compensation Management Software Evolves with AI and Analytics to Drive Workforce Strategies, ISG Says

Enterprises turn to comprehensive software providers to ensure pay and talent decisions are made with intelligence and optimization, new research says

STAMFORD, Conn.–(BUSINESS WIRE)–
Total compensation management (TCM) software has become the core of most large enterprise compensation programs, combining multiple functions into one operating model that fulfills both financial and talent requirements, according to new research from global AI-centered technology research and advisory firm Information Services Group (ISG) (Nasdaq: III).

The ISG Buyers Guide™ for Total Compensation Management, produced by ISG Software Research, provides the rankings and ratings of 23 software providers and their products to support compensation design, planning, administration, analytics and communication. The research finds that the compensation software category has expanded to support increasingly complex enterprise requirements and continues to evolve amid the growing importance of analytics and AI for retaining and managing talent in a workforce. The ISG Buyers Guide for Compensation Emerging Providers, published in conjunction with the TCM report, rates and ranks 11 software providers that capture the innovation frontier of the compensation software market.

“Decisions about compensation have become continuous and cross-functional, requiring collaboration across finance, business and human resources in a shared environment,” said Matthew Brown, director of research, Human Capital Management, ISG Software Research. “TCM is an operating system for compensation that helps to make sure pay decisions are equitable, explainable and economically sound.”

Analytics is an increasingly important part of TCM software, the research finds. TCM platforms use analytics not just for retrospective reporting but to diagnose issues with compensation practices and prescribe actions to improve performance, especially around pay equity and regulatory compliance. In recent years, TCM has also become a system for both control and employee communication, ISG says. As companies recognize the strategic importance of employee experience for engagement, retention and trust, leading platforms incorporate more features to ensure transparency and help managers communicate effectively.

TCM software providers are beginning to use AI to meet enterprise talent and workforce retention needs. TCM platforms include models that generate recommendations, detect anomalies and simulate outcomes regarding salaries, bonuses and equity. Through 2027, the majority of enterprises evaluating compensation management software will include automated pay equity modeling and anomaly detection as requirements, ISG predicts. While they increasingly embrace AI, organizations also demand the ability to audit and explain its operation so compensation committees and managers can understand the rationale behind suggestions.

Emerging providers of compensation management software often address the same foundational needs as established players but differentiate their offerings with faster iteration, novel data models, embedded intelligence or reimagined user experiences. This evolving set of software providers offers options that can accelerate time to value or introduce capabilities that challenge the status quo and meet specific enterprise needs.

For its 2025 Buyers Guide for Total Compensation Management, ISG evaluated software providers across four platform categories: Total Compensation Management, Compensation Insights, Compensation Operations and Compensation Planning. A total of 23 providers were assessed: 15Five, ADP, Anaplan, BambooHR, beqom, Cornerstone, Darwinbox, Dayforce, HiBob, HRSoft, Infor, isolved, Oracle, Paycom, Paycor, Paylocity, Payscale, PeopleFluent, Salary.com, SAP, UKG, Unit4 and Workday.

ISG Software Research rates software providers in four evaluation categories: Product Experience, incorporating Capability and Platform, and Customer Experience. Providers ranked in the top three for each evaluation category are named as Leaders. Within each platform category, those with the most Leader rankings are named as Overall Leaders.

The Overall Leaders of the 2025 Buyers Guide for Total Compensation Management were the following:

Total Compensation Management: Oracle was the top Overall Leader, followed by ADP and Salary.com. Oracle and ADP were designated as Leaders in four evaluation categories and Salary.com was a Leader in three. All three Overall Leaders were rated Exemplary, along with Payscale and SAP. No providers were rated Innovative.

Compensation Insights: Oracle was the top Overall Leader, followed by Salary.com and ADP. Oracle, Salary.com and ADP each were designated Leaders in three evaluation categories. All three Overall Leaders were rated Exemplary, along with Payscale. SAP and Workday were rated Innovative.

Compensation Operations: Oracle was the top Overall Leader, followed by ADP and Salary.com. Oracle and ADP each were designated Leaders in five evaluation categories, and Salary.com was a Leader in four. All three Overall Leaders were rated Exemplary, along with beqom, Dayforce, Payscale, SAP, Workday and UKG. Darwinbox, Infor and Unit4 were rated Innovative.

Compensation Planning: Oracle was the top Overall Leader, followed by Salary.com and ADP. Oracle was designated a Leader in four evaluation categories, Salary.com in three and ADP in three. All three Overall Leaders were rated Exemplary, along with Anaplan, beqom, Dayforce, Payscale and SAP. UKG and Workday were rated Innovative.

For its 2025 Buyers Guide for Compensation Emerging Providers, ISG evaluated software providers in one platform category: Compensation. A total of 11 providers were assessed: Aeqium, BetterComp, ChartHop, CompLogix, Compport, Decusoft, Lattice, Leapsome, Pave, Quisitive and Zimyo.

The Overall Leaders of the 2025 Buyers Guide for Compensation Emerging Providers were the following:

Compensation: Pave was the top Overall Leader, followed by Lattice and Leapsome. Pave was designated a Leader in four evaluation categories, while Lattice and Leapsome were Leaders in three categories each. Compport, Lattice and Pave were rated Exemplary. Aeqium, ChartHop and Decusoft were rated Innovative.

“As enterprises compete for talent while facing tighter budgets and more refined workforces, they look to compensation management software to help them retain talent and gain the insights and ability to guide operations and planning processes,” said Mark Smith, partner and chief software analyst, ISG Software Research. “The unified research report on total compensation provides specific guidance on how software providers and their products meet clients’ needs for insights, operations and planning to effectively lead workers.”

The ISG Buyers Guides™ for Total Compensation Management and Compensation Emerging Providers are distillations of more than a year of market and product research efforts. The research is not sponsored nor influenced by software providers and is conducted solely to help enterprises optimize their business and IT software investments.

Visit this webpage to learn more about the ISG Buyers Guides™ for Total Compensation Management and Compensation Emerging Providers and read executive summaries of the reports. The complete reports, including provider rankings across seven product and customer experience dimensions and detailed research findings on each provider, are available by contacting ISG Software Research.

About ISG Software Research

ISG Software Research provides authoritative coverage and analysis of the business and IT software industry. It distributes research and insights daily through its user community, and provides a portfolio of consulting, advisory, research and education services for enterprises, software and service providers, and investment firms. Its ISG Buyers Guides™ help enterprises evaluate and select software providers through tailored assessments powered by ISG’s proprietary methodology. Visit http://research.isg-one.com/ for more information and to sign up for free community membership.

About ISG

ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world’s top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251121752552/en/

Press Contacts:

Laura Hupprich, ISG

+1 203 517 3100

[email protected]

Julianna Sheridan, Matter Communications for ISG

+1 978 518 4520

[email protected]

KEYWORDS: Connecticut United States North America

INDUSTRY KEYWORDS: Consulting Data Management Technology Professional Services Business Data Analytics Software Artificial Intelligence Human Resources Finance Electronic Design Automation

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November 21, 2025 10:34 am

Neo-Concept International Group Holdings Limited Announces First Half 2025 Unaudited Financial Results

Hong Kong, Nov. 21, 2025 (GLOBE NEWSWIRE) — Neo-Concept International Group Holdings Limited (“NCI” or the “Company”) (NASDAQ: NCI), today announced its unaudited financial results for the six months ended June 30, 2025.

Overview:

Revenue was approximately HK$60.2 million (US$7.7 million) for the six months ended June 30, 2025, representing a decrease of approximately 24.0% from the same period in 2024.

Net income was approximately HK$2.0 million (US$0.3 million) for the six months ended June 30, 2025 (2024: net income approximately HK$1.4 million).

Six Month Financial Results Ended June 30, 2025

Revenue. Revenue decreased by approximately 24.0% from approximately HK$79.3 million for the six months ended June 30, 2024 to approximately HK$60.2 million (approximately US$7.7 million) for the six months ended June 30, 2025. The decrease was mainly caused by the decrease in sales of private-labelled apparel products in by 51.7% to HKD32.7million (approximately US$4.2 million) for the six months ended June 30, 2025, from HKD67.7 million for the six months ended June 30, 2024 as it impacted from the custom policy between China and United State of America (“USA”) which led to decrease in demand in the sales in USA. The decrease in sales of private-labelled apparel products was offset by the increase in retail sales of owned-branded apparel products, which increased by approximately 138.8% to approximately HK$27.5 million (approximately US$3.5 million) for the six months ended June 30, 2025 from approximately HK$11.5 million for the six months ended June 30, 2024 as new shops was established in late of 2024.

Selling, general and administrative expenses. Selling, general and administrative expenses increased by approximately 48.33% from approximately HK$15.9 million for the six months ended June 30, 2024 to approximately HK$23.5 million (US$3.0 million) for the six months ended June 30, 2025, which was mainly due to (i) increase in staff costs from increase in payroll to our staff and fees to our independent directors; (ii) increase legal and professional fee for maintenance of Nasdaq listing and (iii) amortization on the trade mark acquired in May 2024..

Other income, net. Other income representing agency fee received decreased approximately 47.1% from HK$2.4 million for the six months ended June 30, 2024 to HK$1.2 million (approximately US$0.2 million) for the six months ended June 30, 2025, the agency fee represents for liaison with customers of the related party based in United Kingdom including making price quotation, handling purchase order, after-sales service, etc. The primary reason for the decrease was a decline in sales activity of the related party in United Kingdom, which adversely impacted the agency fee.

Income tax expense. Income tax expense was HK$0.9 million (US$0.1 million) for the for the six months ended June 30, 2025 (six months ended June 30, 2024: nil) as the recognition of deferred tax expenses for reversal of expected credit loss and depreciation allowance.

Net income. Net income increased by approximately HK$0.6 million to approximately HK$2.0 million (US$0.3 million) for the for the six months ended June 30, 2025 from net income of approximately HK$1.4million for the for the six months ended June 30, 2024, which was mainly due to the increase in gross profit.

Basic and diluted EPS. Basic and diluted EPS were approximately HK$0.50 (US$0.06) per ordinary share for the six months ended June 30, 2025, as compared to income per share of HK$0.37 per ordinary share for the six months ended June 30, 2024, respectively.

– END –

About Neo-Concept International Group Holdings Limited

Neo-Concept International Group Holdings Limited (“NCI”) is a one-stop apparel solution services provider. It offers a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European and North American markets. It also sells its own branded apparel products under the brand “Les100Ciels” through retail stores in UK and UAE as well as the e-commerce platform www.les100ciels.com.

NCI is committed to reducing its environmental impact through recycling, clean processes, traceable sourcing and other eco-friendly practices. It also pushes for sustainable solutions to fulfil its customers’ needs throughout garment production. For more information, visit the Company’s website at www.neo-ig.com.

Exchange Rate Information

This announcement contains translations of certain HK$ amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from HK$ to US$ were made at the rate of HK$7.8499 to US$1.00, the exchange rate on June 30, 2025 set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the HK$ or US$ amounts referred could be converted into US$ or HK$, as the case may be, at any particular rate or at all.

SAFE HARBOR STATEMENTS

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC, which are available for review at www.sec.gov.

Enquiries:

Neo-Concept International Group Holdings Limited Investor Relations Contact:

10/F, Seaview Centre
No.139-141 Hoi Bun Road
Kwun Tong, Kowloon, Hong Kong
(+852) 2798-8639
Email: [email protected]

November 21, 2025 10:32 am

Nordic American Tankers Ltd (NYSE: NAT) – Results of its 2025 Annual General Meeting

Friday, November 21, 2025

Dear Shareholders and Investors,

Nordic American Tankers Limited (NYSE:NAT) conducted its Annual General Meeting of Shareholders (the “Meeting”) today, on November 21, 2025.

We experienced a very high turnout at this year’s AGM and all resolutions were approved and adopted at the Meeting:

Election of Herbjorn Hansson, Alexander Hansson, Jenny Chu and Jim Kelly to serve as Directors of the Board.
Approval of the appointment of KPMG as the Company’s independent auditors.

We are in a strong market and prospects are good.

Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd. www.nat.bm

Contacts:

Bjørn Giæver, CFO
Nordic American Tankers Ltd
Tel: +1 888 755 8391

Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171

November 21, 2025 10:27 am

Toll Brothers Announces New Luxury Home Community Coming Soon to St. Augustine, Florida

Sebastian Landing offers waterfront living with deeded boat slips and resort-style amenities

ST. AUGUSTINE, Fla., Nov. 21, 2025 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest North Florida community, Sebastian Landing, is coming soon to St. Augustine, Florida. This sophisticated waterfront community will feature elegant new single-family homes and townhomes with breathtaking views, resort-style amenities, and deeded boat slips. Site work is underway at Shipyard Way and Mainship Boulevard, and the community is anticipated to open for sale in spring 2026.

Situated along the banks of the San Sebastian River, Sebastian Landing will offer home shoppers a unique opportunity to own a new construction home on the water. A selection of modern 2- and 3-story home designs feature open floor plans ranging from 2,231 to over 3,950 square feet, with bright layouts, 3 to 5 bedrooms, 2.5 to 4.5 baths, 2- to 3-car garages, covered lanais, and optional private elevators. Homes at Sebastian Landing will be priced from the mid-$900,000s.

Home shoppers will experience one-stop shopping at the Toll Brothers Design Studio. The state-of-the-art Design Studio allows home shoppers to choose from a wide array of selections to personalize their dream home with the assistance of Toll Brothers professional Design Consultants.

Residents of Sebastian Landing will enjoy exclusive access to resort-style amenities, including a sparkling pool, outdoor pavilion, picnic areas, and breathtaking views of the Intracoastal Waterway. Deeded boat slips and priority marina access allow homeowners to set sail on tranquil waters just beyond their doors.

Located minutes from historic downtown St. Augustine, Sebastian Landing offers convenient access to cobblestone streets lined with premier shopping, dining, and entertainment options, as well as nearby beaches, golf, and outdoor recreation.

“We are thrilled to introduce Sebastian Landing, where home shoppers can discover exceptional waterfront living in one of the most beautiful and historic areas of Florida,” said Greg Netro, Group President of Toll Brothers in North Florida. “This community combines elegant home designs with resort-style amenities to offer an unparalleled lifestyle.”

For more information and to join the Toll Brothers interest list for Sebastian Landing, call (844) 871-7466 or visit TollBrothers.com/FL.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.

Toll Brothers has been one of Fortune magazine’s World’s Most Admired Companies™ for 10+ years in a row, and in 2024 the Company’s Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron’s magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/423815b2-beaf-4e3e-8358-346c217fa57f

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)

November 21, 2025 10:25 am

Werner® Wins Prestigious Lee Anderson Veteran and Military Spouse Employment Award From Hiring Our Heroes

Werner^® Wins Prestigious Lee Anderson Veteran and Military Spouse Employment Award From Hiring Our Heroes

OMAHA, Neb.–(BUSINESS WIRE)–Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, proudly announced it has been honored with the distinguished Lee Anderson Veteran and Military Spouse Employment Award, presented by the U.S. Chamber of Commerce Foundation’s Hiring Our Heroes initiative.

The award recognizes Werner for its excellence in hiring and retaining military-connected community members. Werner was selected as the top recipient from a highly competitive group of finalists, which included JPMorganChase and GE Aerospace.

“Receiving the Lee Anderson Award from Hiring Our Heroes is a profound honor that validates our long-standing commitment to the military community,” said Werner’s President and Chief Legal Officer, Nathan Meisgeier. “The leadership, discipline and commitment to safety that veterans and military spouses bring to our workforce are unparalleled. This recognition is a testament to the success of our dedicated programs empowering service members to launch successful second careers with Werner.”

Werner’s military hiring efforts are spearheaded by its Operation Freedom program, which focuses on providing meaningful career pathways across driving, maintenance and corporate roles. Key initiatives highlighted by the award include:

Registered Apprenticeships: Industry-leading programs for truck drivers, diesel technicians and transportation managers that allow eligible military community members to utilize their GI Bill^® benefits while earning a full-time wage.
The Operation Freedom Fleet: A highly visible fleet of military-themed trucks driven by veteran associates dedicated to honoring and recruiting service members.
Transition Support: Using the Military Skills Test Waiver to fast-track qualified veterans into driving careers and providing internal support through the WEVets Associate Resource Group.

Learn more about the award here and for more information about Werner’s veteran programs, visit here.

About Werner Enterprises

Werner Enterprises, Inc. delivers superior truckload transportation and logistics services to customers across the United States, Mexico and Canada. With 2024 revenues of $3.0 billion, a modern truck and trailer fleet, over 12,500 talented associates and our innovative Werner EDGE^® technology, we are an essential solutions provider for customers who value the integrity of their supply chain and require safe and exceptional on-time service. Werner^®provides Dedicated and One-Way Truckload services as well as Logistics services that include truckload brokerage, freight management, intermodal and final mile. Werner embraces inclusion as a core value and manages key risks and opportunities through a balanced sustainability strategy.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251120409702/en/

Jill Samuelson, Associate Vice President – Marketing and Communications

Werner Enterprises, Inc.

(D) 402.819.5319

[email protected]

KEYWORDS: Nebraska United States North America

INDUSTRY KEYWORDS: Professional Services Public Transport Defense Other Transport Trucking Rail Maritime Air Human Resources Transport Military Logistics/Supply Chain Management Veterans

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November 21, 2025 10:23 am

BJ’s Wholesale Club Announces New Locations in Texas and Alabama

BJ’s Wholesale Club Announces New Locations in Texas and Alabama

MARLBOROUGH, Mass.–(BUSINESS WIRE)–BJ’s Wholesale Club (NYSE: BJ) today announced new locations in Mesquite, Texas, and Foley, Alabama.

The Mesquite club will mark the company’s fifth location in Texas, and the Foley club will be the second in Alabama.

The company also announced that it is relocating its Rotterdam, New York, club to a new location at I-88 and Route 7.

“Our momentum remains strong as we continue to bring unbeatable value and convenience to new communities,” said Bill Werner, Executive Vice President, Strategy and Development, BJ’s Wholesale Club. “We’re on track to open our first clubs in the Dallas-Fort Worth area in 2026 and look forward to bringing BJ’s Wholesale Club to even more families in 2026 and beyond.”

The company previously announced plans to open 25-30 new clubs in its 2025 and 2026 fiscal years, including its remaining fiscal 2025 openings in Sumter, South Carolina; Springfield, Massachusetts; Casselberry, Florida; Selma, North Carolina; Chattanooga, Tennessee; and Delray Beach, Florida.

BJ’s has a long-standing commitment to the communities where its members and team members live and work. Established in 2004, the BJ’s Charitable Foundation provides essential needs to families through local and national non-profit partnerships. The Foundation focuses its giving efforts on three main pillars: hunger relief, education and health and wellness.

For over 15 years, BJ’s has partnered with Feeding America and its network of food banks to provide more than 155 million meals for those in need. Once open, each new club will support a local food bank with regular donations of produce, meat and dairy products.

BJ’s offers unbeatable value on everyday essentials in a convenient one-stop shop. Members save on fresh foods, produce, full-service deli items, fresh bakery goods, household essentials, home décor, pet supplies, toys, consumer electronics and more. BJ’s members love the true treasure-hunt shopping experience, discovering new and exciting items with each visit.

Each new club is expected to create between 100 and 150 jobs in its community. Team member development and training are a central focus at BJ’s Wholesale Club. Those interested in becoming a BJ’s team member can visit BJs.com/Careers for more information on available opportunities.

To learn more about becoming a BJ’s Wholesale Club member, visit BJs.com/Membership.

About BJ’s Wholesale Club Holdings, Inc.

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) is a leading operator of membership warehouse clubs focused on delivering significant value to its members and serving a shared purpose: “We take care of the families who depend on us.” The company provides a wide assortment of fresh foods, produce, a full-service deli, fresh bakery, household essentials, various exclusive offerings, gas and more to deliver unbeatable value to smart-saving families. Headquartered in Marlborough, Massachusetts, the company pioneered the warehouse club model in New England in 1984 and currently operates 257 clubs and 194 BJ’s Gas^® locations in 21 states. For more information, please visit us at BJs.com or on Facebook, or Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251121393673/en/

Media:

Kirk Saville

Head of Corporate Communications

BJ’s Wholesale Club

[email protected]

774-512-5597

Briana Keene

Sr. Manager, External Communications

BJ’s Wholesale Club

[email protected]

774-512-6802

KEYWORDS: Massachusetts Alabama Texas United States North America

INDUSTRY KEYWORDS: Online Retail Retail Discount/Variety Home Goods Supermarket Food/Beverage

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November 21, 2025 10:21 am

Tidal Financial Group and Defiance ETFs Announce Reverse Stock Splits for Select Leveraged ETFs

NEW YORK, Nov. 21, 2025 (GLOBE NEWSWIRE) — Tidal Financial Group and Defiance ETFs announce reverse stock splits for five of Defiance’s leveraged exchange-traded funds (“ETFs”). These reverse splits are intended to reduce the number of outstanding shares and proportionally increase each fund’s share price, with no impact on the total value of shareholders’ investments.

The reverse stock splits will apply to shareholders of record as of Tuesday, December 9, 2025, and will be effective at market open on that date.

Fund Name	Ticker	CUSIP	New CUSIP	Reverse Split Ratio	Approximate Decrease in Outstanding Shares	Effective Date

Defiance Leveraged Long + Income MSTR ETF	MST	88636R255	88636W270	1:4	75%	Tuesday, December 9, 2025

Defiance Daily Target 2X Short SMCI ETF	SMCZ	88636V504	88636W262	1:8	87.50%	Tuesday, December 9, 2025

Defiance Daily Target 2X Short PLTR ETF	PLTZ	88636V835	88636W254	1:4	75%	Tuesday, December 9, 2025

Defiance Daily Target 2X Short IONQ ETF	IONZ	88636V843	88636W247	1:6	83.30%	Tuesday, December 9, 2025

Defiance Daily Target 2X Long NVO ETF	NVOX	88636J246	88636W288	1:8	87.50%	Tuesday, December 9, 2025

After the reverse stock splits, shareholders will receive one share for the number of shares indicated in the applicable ratio. For example, a 1-for-4 split means every four pre-split shares will be combined into one post-split share.

The total market value of each investor’s holdings will remain unchanged immediately following the reverse split, as the share price will adjust proportionally to reflect the reduced number of shares.

No action is required by current shareholders. The Depository Trust Company (“DTC”) will handle the splits automatically, and updated share balances will appear in shareholder accounts following the effective dates.

Fractional Shares and Tax Implications

The reverse split may result in some shareholders being entitled to fractional shares. Shareholders with fractional shares may receive cash compensation equivalent to the value of the fraction, subject to the policies of their broker. This redemption may have tax implications, and shareholders are advised to consult their tax advisors for personalized guidance. There will be no transaction fee for redeeming fractional shares.

About Defiance ETFs

Defiance ETFs is a leading issuer of thematic and leveraged exchange-traded funds designed to provide investors with exposure to disruptive innovation and emerging technologies. Defiance empowers investors with tactical tools to express forward-looking views on markets and sectors at the forefront of change.

For more information, please visit www.defianceetfs.com.

About Tidal Financial Group

Tidal Financial Group provides a comprehensive platform for ETF innovation, helping asset managers and investment firms bring differentiated strategies to market. Tidal delivers end-to-end ETF solutions, including product design, operations, compliance, marketing, and distribution — enabling partners like Defiance to focus on strategy and performance.

Learn more at www.tidalfinancialgroup.com.

Important Information:

Leveraged ETFs are not suitable for all investors and may be more volatile than traditional ETFs. They are designed for short-term tactical trading and not for long-term investment.

Investors should carefully consider a fund’s investment objectives, risks, charges, and expenses before investing. The prospectus contains this and other important information about the fund and should be read carefully before investing.

Investing involves risk. Principal loss is possible.

Distributor: Foreside Fund Services, LLC.

For inquiries contact Gavin Filmore at [email protected]

November 21, 2025 10:19 am

Diana Shipping Inc. Announces Time Charter Contract for m/v Seattle with SwissMarine and the Sale of a Dry Bulk Vessel, the m/v DSI Drammen

ATHENS, Greece, Nov. 21, 2025 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Seattle. The gross charter rate is US$24,500, minus a 5.00% commission paid to third parties, for a period until minimum May 1, 2027 up to maximum June 30, 2027. The charter is expected to commence on November 26, 2025. The m/v Seattle was chartered, as previously announced, to Solebay Shipping Cape Company Limited, Hong Kong, at a gross charter rate of US$17,500 per day, minus a 5.00% commission paid to third parties.

The “Seattle” is an 179,362 dwt Capesize bulk vessel built in 2011.

The employment of “Seattle” is anticipated to generate approximately US$12.62 million of gross revenue for the minimum scheduled period of the time charter.

The Company also announced that it has signed, through a limited partnership, a Memorandum of Agreement to sell to an unaffiliated third party, the 2016-built Ultramax dry bulk vessel m/v DSI Drammen, with delivery to the buyer latest by March 31, 2026, for a sale price of approximately US$26.40 million before commissions. The vessel has now been sold to a buyer, entirely unrelated to the previous one who failed to complete the transaction. The Company, through its wholly-owned subsidiaries, holds a 25% interest in the limited partnership, while the remaining 75% of the limited partnership is owned by Ecobulk AS, a Norwegian entity.

Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax and 9 Ultramax). The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively. As of today, the combined carrying capacity of the Company’s fleet, excluding m/v DSI Drammen and the two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 11.99 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained on the Company’s website does not constitute part of this press release.

About the Company

Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company’s vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, tariff policies and other trade restrictions, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and instances of off-hires and other factors. Please see the Company’s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Corporate Contact:

Ioannis Zafirakis
Director, Co-Chief Financial Officer,
Chief Strategy Officer,
Treasurer and Secretary
Telephone: + 30-210-9470-100
Email: [email protected]
Website: www.dianashippinginc.com
X: @Dianaship

Investor Relations/Media Contact:
Nicolas Bornozis / Daniela Guerrero
Capital Link, Inc.
230 Park Avenue, Suite 1540
New York, N.Y. 10169
Tel.: (212) 661-7566
Email: [email protected]

November 21, 2025 10:17 am

Vaximm AG, an OSR Company, Enters Term Sheet With BCM Europe for Potential VXM01 License with $20M Upfront and Up to $815M in Milestones

PR Newswire

BELLEVUE, Wash.
, Nov. 21, 2025 /PRNewswire/ — OSR Holdings, Inc. (NASDAQ: OSRH), today announced that Vaximm AG, an OSR Company, has entered into a non-binding term sheet with BCM Europe AG (“BCME”), a Swiss-based life sciences investment group and OSRH’s largest shareholder, to explore a potential exclusive global licensing agreement for VXM01, Vaximm’s first-in-class oral cancer immunotherapy platform.

The term sheet establishes a six-month exclusivity period during which Vaximm and BCME intend to negotiate and finalize a definitive licensing agreement, subject to customary due diligence and Board approvals. Under the contemplated terms (which remain subject to final negotiation and execution of definitive agreements):

Vaximm would receive a $20 million upfront payment
Up to $815 million in clinical, regulatory, and commercial milestone payments, and
a pass-through of commercial royalties that BCME may receive from any future pharmaceutical partner after BCME recovers any milestone differential under a defined delta-recovery mechanism.

The proposed structure positions BCME as a strategic financial intermediary, funding the partnering and development activities required to secure a global out-license with a major pharmaceutical company. The model mirrors the structured financing approaches used by Royalty Pharma, Blackstone Life Sciences, and RTW Investments, which provide capital to biotech innovators in exchange for future royalties or milestone-based returns.

“This term sheet marks an important step forward for Vaximm and our VXM01 oral T-cell immunotherapy platform,” said Andreas Niethammer, incoming CEO of Vaximm AG. “The contemplated collaboration with BCME would accelerate development and global commercialization of VXM01, while allowing us to retain full ownership of our intellectual property and continue our mission to deliver innovative immunotherapies to patients worldwide.”

“Vaximm’s oral T-cell platform represents a truly innovative approach in oncology, with the potential to transform cancer treatment,” said Tim Smith, Head of IR, OSR Holdings. “Entering this exclusivity period with BCME reflects our shared commitment to maximizing the global opportunity for VXM01, and we are excited to work towards a definitive agreement that positions the asset for a major pharmaceutical partnership.”

The term sheet also outlines an optional blockchain-based royalty participation mechanism, using “TAC” tokens as an on-chain representation of the future royalty revenue stream. If Vaximm elects to draw development capital from the BCM Royalty Fund, a portion of VXM01 commercial royalties could be allocated to TAC token holders. If not, royalties flow solely through the BCME pass-through structure.

During the exclusivity period, BCME and Vaximm will collaborate to complete confirmatory diligence, prepare partnering materials, and finalize the structure and documentation of the proposed definitive license. Vaximm retains full ownership of all VXM01 intellectual property, while BCME would receive exclusive global rights only upon execution of a definitive agreement.

About OSR Holdings, Inc.

OSR Holdings, Inc. (NASDAQ: OSRH) is a global healthcare holding company dedicated to advancing biomedical innovations in healthcare and wellness. Through its subsidiaries, OSRH engages in immuno-oncology, regenerative biologics, and medical device technologies to improve global health outcomes. Learn more at www.OSR-Holdings.com.

About Vaximm AG

Vaximm AG is a privately held Swiss-German biotechnology company and a wholly owned subsidiary of OSR Holdings, Inc. (NASDAQ: OSRH). Vaximm’s proprietary oral T-cell vaccination platform harnesses live, attenuated bacterial vectors to deliver tumor-associated antigens, inducing robust cellular immune responses. Lead candidate VXM01, targeting VEGFR-2, has demonstrated clinical activity and safety in multiple cancer indications.

About BCM Europe AG

BCM Europe AG is a Switzerland-based life sciences investment entity and the largest shareholder of OSR Holdings.

Forward-Looking Statements

This press release contains forward-looking statements regarding the potential licensing agreement between Vaximm AG and BCM Europe AG, the development and commercialization of VXM01, and the expected benefits of the collaboration. Actual results may differ materially due to risks and uncertainties, including the possibility that a definitive agreement may not be reached or anticipated milestones may not be achieved. OSR Holdings, Vaximm, and BCM Europe AG do not assume any obligation to update these statements except as required by law.

Media & Investor Contact

OSR Holdings, Inc.
Investor Relations
[email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/vaximm-ag-an-osr-company-enters-term-sheet-with-bcm-europe-for-potential-vxm01-license-with-20m-upfront-and-up-to-815m-in-milestones-302623234.html

SOURCE OSR Holdings

November 21, 2025 10:15 am

authID Announces Pricing of Approximately $3,675,000 Registered Direct Offering

DENVER, Nov. 21, 2025 (GLOBE NEWSWIRE) — authID Inc. (NASDAQ: AUID) (“authID” or the “Company”), a leading provider of biometric identity verification and authentication solutions, today announced it has entered into a definitive agreement with investors to sell approximately 2,688,747 shares of its common stock (the “Shares”) and/or Pre-Funded Warrants (the “Pre-Funded Warrants”), pursuant to a registered direct offering (the “Registered Direct Offering”). The purchase price for one Share and/or Pre-Funded Warrant will be $1.35 ($1.71 if purchased by Directors, Officers and/or Affiliates). The aggregate gross proceeds from the Offering are expected to be approximately $3,675,000 before deducting placement agent fees and other offering expenses.

The Company’s Registered Direct Offering was led by Mr. Kyle Wool and Mr. Steve Garchik.

The closing of the Registered Direct Offering is expected to occur on or about November 24, 2025, subject to the satisfaction of customary closing conditions.

Dominari Securities LLC and Madison Global Partners, LLC, acted as Co-Placement Agents for the offering.

authID intends to use the net proceeds for working capital and general corporate purposes.

The Shares and/or Pre-Funded Warrants offered in the Registered Direct Offering are being offered by the Company pursuant to a shelf registration statement (Registration No. 333-283580) filed with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on December 13, 2024. The offering is being made only by means of a prospectus supplement and accompanying prospectus. A prospectus supplement and accompanying prospectus relating to the Registered Direct Offering will be filed with the SEC and, when available, may be obtained for free on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and accompanying prospectus relating to the Registered Direct offering may be obtained by contacting Madison Global Partners, LLC, Attention: David S. Kaplan, 350 Motor Parkway, Suite 205, Hauppauge, NY 11788, by email at [email protected], or by telephone at (646) 690-0330.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About authID Inc.

authID® (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented, biometric identity platform. authID quickly and accurately verifies a user’s identity, eliminating any assumption of ‘who’ is behind a device to prevent cybercriminals from compromising account openings or taking over accounts. Leveraging a 1-in-1-billion False Positive Rate for the highest level of assurance, coupled with industry-leading speed and privacy-preserving technology, authID provides the most secure digital identity experience. Our IDX^TM platform secures the distributed workforce of employees, contractors, and vendors, as well as bringing authorization and accountability for AI agents through our authID Mandate^TM product line. By creating a biometric root of trust for each user, authID stops fraud at onboarding, detects and stops deepfakes, eliminates password risks and costs, and provides the fastest, frictionless, and most accurate user identity experience in the industry.
For more information, please visit https://authid.ai/.

Media Contacts

NextTech Communications
Walter Fowler
1-631-334-3864
[email protected]

Investor Relations Contacts

[email protected]

Cautionary Statement Regarding Forward-Looking Statements:

This Press Release includes “forward-looking statements.” All statements other than statements of historical facts included herein are forward-looking statements. Actual results may vary materially from the results anticipated by these forward-looking statements as a result of a variety of risk factors. See the Company’s Annual Report on Form 10-K for the Fiscal Year ended December 31, 2024, filed at www.sec.gov and other documents filed with the SEC for risk factors which investors should consider. These forward-looking statements speak only as to the date of this release and cannot be relied upon as a guide to future performance. authID expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release to reflect any changes in its expectations with regard thereto or any change in events, conditions, or circumstances on which any statement is based.