Market Newsdesk

Name change reflects company’s leadership position with its cryptocurrency treasury reserve strategy focused on the HYPE token

Company to commence trading on Nasdaq under the symbol “HYPD” effective July 3rd

Also announces official launch of the Kinetiq x Hyperion validator

LAGUNA HILLS, Calif., July 02, 2025 (GLOBE NEWSWIRE) — Eyenovia, Inc. (NASDAQ: EYEN) (“Eyenovia” or the “Company”), a pioneer in ophthalmic technologies and the first publicly-listed U.S. company to build a strategic treasury of HYPE, the native token of the Hyperliquid protocol, today announced that it is rebranding and changing its corporate name to Hyperion DeFi, Inc. Concurrent with the name change, the Company’s shares will begin trading under the new ticker symbol “HYPD” on the Nasdaq Capital Market at the start of trading on July 3, 2025.

The name change reflects the Company’s recent launch of its cryptocurrency treasury reserve strategy focused on the HYPE token, which is native to the decentralized digital asset exchange and Layer-1 blockchain, Hyperliquid.

“Our corporate name change to Hyperion DeFi, Inc. reflects our new vision for the company and represents the next important step in the evolution of our cryptocurrency treasury reserve strategy,” stated Michael Rowe, Chief Executive Officer of Eyenovia/Hyperion DeFi, Inc. “Notably, ‘Hyperion’ refers to the tallest known living tree – a California Redwood – which reflects our belief that Hyperion DeFi has the potential to grow into the largest holder of the HYPE token globally and the largest cryptocurrency-based treasury overall. At the same time, ‘DeFi’ refers to the exploration of new technologies, which is applicable not only to this new treasury reserve strategy but to our continued development of the Optejet dispenser as well.”

“As reflected in the Keats poem of the same name which chronicles the defeat of the Titans at the hands of the Olympians, ‘Hyperion’ evokes themes of changing order,” added Hyunsu Jung, Chief Investment Officer. “In this case, the emergence of blockchain technology challenges not only existing financial infrastructure but also centralized cryptocurrency exchanges. We believe that we are uniquely positioned to be a pioneer in the growing acceptance of digital currencies as a treasury asset, and I look forward to making that vision of Hyperion DeFi a reality.”

As part of this announcement, Hyperion DeFi’s co-branded validator ‘Kinetiq x Hyperion’ is officially live. The Company has started to stake its HYPE holdings to generate yield and further prepare for its onchain engagement strategies.

The CUSIP number for the Company’s common stock is not affected by the name change.

About Hyperion DeFi, Inc.

Hyperion DeFi, Inc. is the first U.S. publicly listed company building a long-term strategic treasury of Hyperliquid’s native token, HYPE. The Company is focused on providing its shareholders with simplified access to the Hyperliquid ecosystem, one of the fastest growing, highest revenue-generating blockchains in the world. Shareholders benefit from a gradually compounding exposure to HYPE, both from its native staking yield and additional revenues generated from its unique on-chain utility.

Hyperion DeFi is also developing its proprietary Optejet User Filled Device (UFD) that is designed to work with a variety of topical ophthalmic liquids, including artificial tears and lens rewetting products. The Optejet is especially useful in chronic front-of-the-eye diseases due to its ease of use, enhanced safety and tolerability, and potential for superior compliance versus standard eye drops. Together, these benefits may result in higher treatment compliance and better outcomes for patients and providers.

For more information, please visit Hyperiondefi.com.

Forward Looking Statements

Except for historical information, all the statements, expectations and assumptions contained in this press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements, our future activities or other future events or conditions, including the estimated market opportunities for our platform technology, the viability of, and risks associated with, our cryptocurrency treasury strategy, the clinical trials that may be necessary in connection with the clearance of the Optejet UFD, and the timing for sales growth of our approved products. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and in some cases are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the U.S. Securities and Exchange Commission.

In addition, such statements could be affected by risks and uncertainties related to, among other things: risks of our clinical trials, including, but not limited to, the potential advantages of our products, and platform technology; the rate and degree of market acceptance and clinical utility of our products; our estimates regarding the potential market opportunity for our products; reliance on third parties to develop and commercialize our products; the ability of us and our partners to timely develop, implement and maintain manufacturing, commercialization and marketing capabilities and strategies for our products; intellectual property risks; changes in legal, regulatory, legislative and geopolitical environments in the markets in which we operate and the impact of these changes on our ability to obtain regulatory approval for our products and product candidates; our competitive position; our ability to raise additional funds to maintain our business operations and to make payments on our debt obligations as and when necessary; and the risks of our cryptocurrency strategy as detailed in our Current Report on Form 8-K filed on June 27, 2025.

Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, Hyperion DeFi does not undertake any obligation to update any forward-looking statements.

Hyperion DeFi Investor Contact: Eric Ribner LifeSci Advisors, LLC [email protected] (646) 751-4363

NEW YORK, July 02, 2025 (GLOBE NEWSWIRE) — Fly-E Group, Inc. (Nasdaq: FLYE) (“Fly-E” or the “Company”), an electric vehicle company engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes, and electric scooters, today announced it will effect a reverse stock split of its issued and outstanding shares of common stock, par value $0.01 per share (the “Common Stock”) on a one-for-five basis (the “Reverse Stock Split”). The Company’s Common Stock will begin trading on a post-split basis when the market opens on July 7, 2025. The Company’s Common Stock will continue to trade on the Nasdaq Capital Market (“Nasdaq”) under the symbol “FLYE” under a new CUSIP number 343927208.

The Reverse Stock Split has been approved by the Company’s stockholders and the Company’s Board of Directors.

As a result of the Reverse Stock Split, without any action on the part of the holders, each five (5) pre-split shares of Common Stock of the Company will be automatically combined into one (1) share of Common Stock, without any change in the par value per share. In addition, (i) a proportionate adjustment will be made to the per share exercise price and the number of shares issuable upon the exercise of all outstanding warrants to purchase shares of Common Stock, and (ii) the number of shares reserved for issuance pursuant to the Company’s equity incentive plans will also be reduced proportionately. Any fraction of a share of Common Stock that would be created as a result of the Reverse Stock Split will be rounded up to the nearest whole share.

The Company’s issued and outstanding shares of Common Stock will be reduced from 53,183,053 to approximately 10,636,611. The Reverse Stock Split is intended to increase the market price per share of the Company’s Common Stock to maintain its Nasdaq listing as well as to allow the Company to better attract certain institutional and other investors.

The Company’s transfer agent, VStock Transfer, LLC, will act as the exchange agent. Adjustments made to the Common Stock represented by physical stock certificates can be made upon surrender of the certificate to the transfer agent. Please contact VStock Transfer, LLC for further information at (212) 828-8436.

About Fly-E Group, Inc.

Fly-E Group, Inc. is an electric vehicle company that is principally engaged in designing, installing, selling, and renting smart electric motorcycles, electric bikes and electric under the brand “Fly E-Bike.” The Company’s commitment is to encourage people to incorporate eco-friendly transportation into their active lifestyles, ultimately contributing towards building a more environmentally friendly future. For more information, please visit the Company’s website: https://investors.flyebike.com.

Forward-Looking 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 find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. 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. The Company cautions investors that actual results may differ materially from the anticipated results, and that the forward-looking statements contained in this press release are subject to the risks set forth in the Company’s filings with the Securities and Exchange Commission (the “SEC”), including the section under “Risk Factors” of its most recent Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the SEC on June 28, 2024. 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.

For investor and media inquiries, please contact:

Fly-E Group, Inc.

Investor Relations Department
Email: [email protected]

Ascent Investor Relations LLC

Tina Xiao
Phone: +1-646-932-7242
Email: [email protected]

CARLSBAD, Calif., July 02, 2025 (GLOBE NEWSWIRE) — Viasat Inc. (NASDAQ: VSAT), a global communications company, is thrilled to introduce the Viasat: Space for Good Challenge 2025 initiative, a groundbreaking STEM innovation challenge for students. In the UK, Viasat has collaborated with sponsors, Lockheed Martin and Astroscale, to contribute to the UK Space for Good 2025 Challenge. In India, associations with BSNL and Indian government agencies have been key to the program’s success.

Following the success of the 2024 event, this year’s challenge encompasses three distinct tracks across the United States, United Kingdom, and India, with a focus on the development of sustainable space technology to enhance life on Earth. The challenge is designed to educate, inspire, and empower the next generation of innovators to think critically about space sustainability and its impact on our planet.

The Viasat: Space for Good 2025 Challenge consists of three stages: students began by articulating their initial concept, then refining it with a digital entry, and ultimately delivering a 30-minute pitch to industry leaders who will evaluate the top concept using a rubric that takes into account technical, design, and policy aspects, as well as the feasibility of implementation.

The U.K. finals event will take place in London the week of July 7, featuring A-level (age 15-18) and university-level students. In the U.S., university students will compete in the finals the week of August 11, while India’s university students will participate in their finalist event the week of September 23. Winners of the final round will receive university scholarships, furthering their education and potential contributions to the field of space technology.

Nik Smith, UK and Regional Director for Lockheed Martin Space, said: “We’re truly excited to be part of the Space for Good Challenge 2025. It offers young people a fantastic chance to demonstrate their creativity and problem-solving skills by developing sustainable space technology. This competition is about more than just innovation; it plays a vital role in building the future of the UK’s space industry by nurturing the next generation of skilled talent. We hope the challenge inspires participants to consider careers in space and opens their eyes to the many exciting opportunities this field has to offer.”

Nick Shave, Managing Director, Astroscale UK, said: “At Astroscale, we’re proud to support initiatives that inspire and equip young people with the skills to drive the future of the space industry. With the finals approaching, we look forward to seeing the creativity and ambition these students bring to the competition, and we’re excited to encourage the next generation as they take their first steps into the space sector.”

John Reeves, Managing Director of Global Affairs at Viasat, said: “The overwhelming volume and quality of submissions to last year’s Viasat Beyond: Space competition in the UK showed just how passionate young people are about space sustainability. It was an obvious decision to take the event to the next level with the Space for Good Challenge, encompassing the United States, India, as well as the United Kingdom. We have received a great deal of interest from students and industry partners, and we look forward to seeing what the next generation dreams up to change the world through the power of sustainable space solutions.”

Space technology is integral to our daily lives, from transportation to communication and safety. The Viasat: Space for Good 2025 challenge empowers students to devise solutions that harness sustainable space technology for the betterment of these and other critical areas. By cultivating innovation and sustainability, we are shaping a future where space-based technology has a positive impact on a global scale, whether on land, in the air, or at sea.

About Viasat

Viasat is a global communications company that believes everyone and everything in the world can be connected. With offices in 24 countries around the world, our mission shapes how consumers, businesses, governments and militaries around the world communicate and connect. Viasat is developing the ultimate global communications network to power high-quality, reliable, secure, affordable, fast connections to positively impact people’s lives anywhere they are—on the ground, in the air or at sea, while building a sustainable future in space. In May 2023, Viasat completed its acquisition of Inmarsat, combining the teams, technologies and resources of the two companies to create a new global communications partner. Learn more at www.viasat.com, the Viasat News Room or follow us on LinkedIn, X, Instagram, Facebook, Bluesky, Threads, and YouTube.

Copyright © 2025 Viasat, Inc. All rights reserved. Viasat, the Viasat logo and the Viasat Signal are registered trademarks in the U.S. and in other countries of Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners. 

Viasat, Inc. Contacts:

Richard Jones, External Communications, [email protected]
Lisa Curran/Peter Lopez, Investor Relations, [email protected]

MCLEAN, Va., July 02, 2025 (GLOBE NEWSWIRE) — Cycurion, Inc. (Nasdaq: CYCU) (“Cycurion” or the “Company”), a leading provider of cybersecurity services to public and private sectors, today announced a strategic partnership with AgileBlue, an AI-powered Security Operations (“SecOps”) platform provider. Under the terms of the agreement, Cycurion will serve as an authorized reseller of AgileBlue’s full suite of cybersecurity solutions, including its next-generation Managed SecOps-as-a-Service, Security Information and Event Management (SIEM), Security Orchestration, Automation and Response (SOAR), and Extended Detection and Response (XDR) platforms.

This partnership strengthens Cycurion’s capabilities to deliver continuous threat-monitoring, autonomous response, and machine-driven risk analysis via AgileBlue’s AI-powered SecOps platform. It will also enable both companies to bring enhanced threat detection, compliance, and incident response to mid-market and enterprise clients across North America.

“Today’s announcement reflects our shared commitment to staying ahead of an increasingly complex threat landscape,” said Kevin Kelly, CEO of Cycurion. “By integrating AgileBlue’s autonomous, AI-driven security capabilities into our managed service portfolio, we are accelerating our mission to provide measurable cyber resilience for our clients across government and commercial sectors.”

The agreement allows Cycurion to offer AgileBlue’s AI-powered SecOps platform under its own brand, Cyber Shield, complete with a customized portal and 24/7 SecOps services backed by AgileBlue’s U.S.-based cyber analysts. Clients will benefit from real-time, threat-hunting, guided alerts, and automated triage powered by Sapphire AI, which delivers analyst-level insights and autonomous response actions, dramatically reducing false positives and enabling faster decision-making.

“Cycurion brings expertise and trusted customer relationships to this collaboration,” said Tony Pietrocola, Co-Founder & President of AgileBlue. “Cycurion’s leadership in compliance-driven environments and its commitment to innovation make it an ideal partner to expand our footprint in regulated and high-risk sectors.”

AgileBlue’s second quarter of 2025 platform release includes enhancements, including bi-directional ConnectWise integration for MSPs, improved artifact navigation for faster forensic analysis, and new AI-driven case summarization tools. Together with Cycurion’s services, these features will be deployed to help organizations proactively identify, assess, and neutralize cyber threats before they escalate.

The partnership underscores both companies’ strategic focuses on empowering cybersecurity teams with automation, advanced analytics, and proactive protection capabilities which are essential components in today’s evolving digital risk ecosystem.

For more information, please visit www.cycurion.com or www.agileblue.com.

About Cycurion

Based in McLean, Virginia, Cycurion (Nasdaq: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies, LLC, Cloudburst Security, LLC, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients with a commitment to securing the digital future.

Forward Looking Statements

This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion’s business.

Many factors could cause Cycurion’s actual results, performance, or achievements to be materially different from any future results, performance, or achievements described in this press release, including words such as “continue”, “expect”, “intend”, “will”, “hope”, “should”, “would”, “may”, “potential”, and other similar expressions. Such factors could include, among others, those detailed in its Registration Statement on Form S-1 and in its Annual Report on Form 10-K, each as filed with the Securities and Exchange Commission (the “SEC”). Should one or more of these risks or uncertainties materialize, or should the assumptions set out in the section entitled “Risk Factors” in those filings with the SEC underlying those forward-looking statements prove incorrect, actual results may vary materially from those described herein. These forward-looking statements are made as of the date of this press release and Cycurion does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. Cycurion cannot assure that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Individuals are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

Investor Contact:
CORE IR
[email protected]

Media Contact:
Phone: (703) 555-0123
Email: [email protected]

RICHARDSON, Texas, July 02, 2025 (GLOBE NEWSWIRE) — Fossil Group, Inc. (NASDAQ: FOSL) today announced the appointment of Laks Lakshmanan to the newly created position of Chief Supply Chain Officer, effective June 16, 2025.

With more than 20 years of supply chain leadership experience, Lakshmanan brings deep expertise in network design, integrated planning, cost transformation, and operational excellence, having advised and led initiatives for Fortune 500 consumer and retail companies. Lakshmanan leads Fossil Group’s global end-to-end supply chain—from manufacturing and sourcing to distribution and logistics—across all brands and regions. He also oversees the Company’s Global Business Services operations based in Bengaluru, India.

“As we continue to execute our plan, building a high-performing, diverse leadership team remains a top priority,” said Franco Fogliato, Chief Executive Officer of Fossil Group. “We’re excited to welcome Laks to the executive leadership team. His deep operational expertise, strategic mindset, and understanding of the watch category will be invaluable to our turnaround.”

“Twenty years ago, Fossil was the first aspirational watch I purchased. Decades later, the Company continues to inspire consumers with its heritage, innovation, and customer experience. I’m honored to take on this role and partner with management and our global teams to elevate and modernize our supply chain for the future,” said Lakshmanan.

Lakshmanan most recently served as Managing Director at Alvarez & Marsal (“A&M”), within the firm’s Consumer and Retail Group. Over the past two years, he has worked closely with Fossil as interim Head of Supply Chain as part of the Company’s partnership with A&M. During this time, he played a pivotal role in reshaping Fossil’s distribution strategy, driving significant progress against operational goals and helping improve the Company’s manufacturing responsiveness and cost structure.

Prior to A&M, Lakshmanan held senior operational roles, including Principal in the Strategic Operations practice at Kearney and Group Manager of Distribution and Transportation at Target. He also led transformational initiatives at a leading U.S.-based multinational cosmetics company and a major consumer cooperative focused on supply chain cost optimization and private label strategy.

About Fossil Group, Inc.

Fossil Group, Inc. is a global design, marketing, distribution and innovation company specializing in lifestyle accessories. Under a diverse portfolio of owned and licensed brands, our offerings include watches, jewelry, handbags, small leather goods, belts and sunglasses. We are committed to delivering the best in design and innovation across our owned brands, Fossil, Michele, Relic, Skagen and Zodiac, and licensed brands, Armani Exchange, Diesel, Emporio Armani, kate spade new york, Michael Kors and Tory Burch. We bring each brand story to life through an extensive distribution network across numerous geographies, categories and channels. Certain press release and SEC filing information concerning the Company is also available at www.fossilgroup.com.

Investor relations:	Christine Greany The Blueshirt Group [email protected]

FREMONT, Calif., July 02, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced production shipments of its newest electric vehicle (EV) charger, the IQ^® EV Charger 2, in Australia and New Zealand. The IQ EV Charger 2 is a smart charger built to work seamlessly with Enphase solar and battery systems or as a powerful standalone charger. With advanced energy management features, the charger can support increased solar self-consumption, lower energy costs, and offer a smart, efficient EV charging experience.

The charger’s top features include:

• Charge with solar: The IQ EV Charger 2 intelligently prioritizes surplus solar energy for EV charging, enhancing clean energy use. With automatic phase switching between three-phase and single-phase modes, it can begin charging with as little as 1.38 kW of solar production – potentially helping homeowners manage electricity costs and support sustainability goals.
• Rapid response time: Localized solar charging allows for near real-time tracking of surplus solar and quickly regulates EV charging current in 1A increments supporting an efficient and sustainable charging.
• Built-in intelligence: Smart capabilities that include access control using RFID technology, dynamic load balancing, and a certified MID energy meter for tracking and expense reimbursement applications – ideal for home and fleet operations.
• Future-ready bidirectional charging: The IQ EV Charger 2 is equipped with built-in hardware and software to support AC bidirectional charging. While availability depends on EV compatibility, standards, and regional certifications, this feature is built to enable vehicle-to-home (V2H) and vehicle-to-grid (V2G) integration – supporting homeowners with resilience and flexibility.

“Smart EV charging isn’t just about convenience; it’s about enhancing your solar investment,” said Nigel Charlesworth at DES Electrical & Solar, a Platinum level installer of Enphase products in Australia. “The Enphase IQ EV Charger 2 goes above and beyond, harnessing solar power to give our customers a seamless, efficient charging experience, while helping them reduce costs and grid reliance, and power their cars with renewable energy.”

The IQ EV Charger 2 is built for high performance and long-term reliability. The charger features a rugged Type-2 connector that is compatible with most EVs sold in Australia and New Zealand. With configurable power levels up to 32 A per phase, the charger is built to support both single-phase and three-phase wiring from the same hardware – helping to simplify logistics and reduce inventory complexity. Installation is fast and efficient, featuring a 7.5-meter cable for added flexibility and a streamlined, sub-10-minute setup process that potentially reduces labor time and installation costs, depending on site conditions.

The IQ EV Charger 2 is housed in an IP55-rated enclosure, making it weatherproof for indoor and outdoor installations. All chargers activated in Australia and New Zealand come backed by an industry-leading five-year warranty and 24/7 customer support from Enphase – supporting long-term reliability and exceptional peace of mind.

“With EV sales accelerating across New Zealand, homeowners want charging that adapts to their lifestyle and energy needs,” said Kerry Hulleman at Hubands Energy, a Platinum installer of Enphase products in New Zealand. “The IQ EV Charger 2’s ability to start charging with just 1.38 kW of solar means even modest rooftop systems can power EVs during the day. That’s a game-changer for energy independence.”

“What sets the IQ EV Charger 2 apart is its intelligence,” said Matt Wildy at Venus Energy, a Gold level installer of Enphase products in Australia. “Enphase’s IQ EV Charger 2 seamlessly integrates into home energy systems and allows homeowners to manage their power on their terms.”

“The IQ EV Charger 2 represents the next evolution in home energy management, where solar, battery storage, and EV charging work as one intelligent ecosystem,” said Ken Fong, senior vice president and general manager of the Americas and APAC at Enphase Energy. “We’re excited to bring this innovative solution to Australia and New Zealand, giving homeowners the confidence they’re investing in future-ready technology that adapts to their energy needs.”

Earlier this year, Enphase launched the IQ EV Charger 2 across 14 European countries. For more information about the IQ EV Charger 2 launch in Australia and New Zealand, please visit the Enphase website.

About Enphase Energy, Inc.

Enphase Energy, a global energy technology company based in Fremont, CA, is the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power — and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 81.5 million microinverters, and approximately 4.8 million Enphase-based systems have been deployed in over 160 countries. For more information, visit https://enphase.com/.

©2025 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, IQ8, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks or service marks of Enphase Energy, Inc. Other names are for informational purposes and may be trademarks of their respective owners.

Forward-Looking Statements

This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality, and reliability; and statements regarding the timing and availability Enphase Energy’s products in Australia and New Zealand; and the ability of the IQ EV Charger 2 to help reduce energy costs. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.

Contact:

Enphase Energy

[email protected]

This press release was published by a CLEAR® Verified individual.

BOCA RATON, FL, July 02, 2025 (GLOBE NEWSWIRE) — DeFi Development Corp. (Nasdaq: DFDV) (the “Company” or “DeFi Dev Corp.”), the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced the pricing of its upsized private offering of $112.5 million aggregate principal amount of 5.5% convertible senior notes due 2030 (the “Convertible Notes”), to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Key Elements of the Transaction:

• $112.5 million 5.5% Convertible Notes offering, due 2030.
• Approximately 10% conversion premium to the $21.01 closing price on July 1, 2025.
• Prepaid forward stock purchase transaction of approximately $75.6 million of shares of the Company’s common stock in connection with the offering to facilitate hedging by certain investors.

The Company has granted the initial purchasers of the Convertible Notes an option to purchase, for settlement within a 7-day period beginning on, and including the date on which the Convertible Notes are first issued, up to an additional $25 million aggregate principal amount of the Convertible Notes. The offering is expected to close on July 8, 2025, subject to satisfaction of customary closing conditions.

Use of Proceeds:

The Company estimates that the aggregate net proceeds from the offering will be approximately $108.1 million (or approximately $132.2 million if the initial purchasers exercise in full their option to purchase additional notes), after deducting the initial purchasers’ discounts and commissions and the Company’s estimated offering expenses. The Company intends to use approximately $75.6 million of the net proceeds from the offering to fund a prepaid forward stock purchase transaction in connection with the offering and the remainder for general corporate purposes, including the acquisition of SOL.

Additional Details of the Convertible Notes:

The Convertible Notes will be senior unsecured obligations of the Company and will accrue interest at a rate of 5.5% per annum, payable semi-annually in arrears on January 1 and July 1 of each year, beginning on January 1, 2026. The Convertible Notes will mature on July 1, 2030, unless earlier repurchased, redeemed or converted in accordance with their terms. Prior to July 1, 2030, the Convertible Notes will be convertible only upon satisfaction of certain conditions and during certain periods, and thereafter, the Convertible Notes will be convertible at any time until the close of business on the second scheduled trading day immediately preceding the maturity date.

The Convertible Notes will be convertible into cash, shares of common stock or a combination of cash and shares of common stock, at the Company’s election, subject to certain restrictions. The conversion rate will initially be 43.2694 shares of common stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of approximately $23.11 per share of common stock). The initial conversion price of the Convertible Notes represents a premium of approximately 10% to the $21.01 closing price per share of the common stock on The Nasdaq Capital Market on July 1, 2025. The conversion rate will be subject to adjustment in certain circumstances. In addition, upon conversion in connection with certain corporate events or a notice of redemption, the Company will increase the conversion rate.

The Company may not redeem the Convertible Notes prior to July 5, 2026. The Company may redeem for cash all or any portion of the Convertible Notes (subject to certain limitations), at its option, on or after July 5, 2026, if the last reported sale price of the common stock has been at least 150% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption to holders at a redemption price equal to 100% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.

Holders of the Convertible Notes will have the right to require the Company to repurchase all or a portion of their Convertible Notes upon the occurrence of a fundamental change (as defined in the indenture governing the Convertible Notes) at a cash repurchase price of 100% of their principal amount plus accrued and unpaid interest, if any, to, but excluding the applicable repurchase date.

Prepaid Forward Stock Purchase Transaction:

In connection with the pricing of the Convertible Notes, the Company entered into a privately negotiated prepaid forward stock purchase transaction (the “prepaid forward”) with one of the initial purchasers of the Convertible Notes (the “forward counterparty”) with respect to $75,636,000 of shares of common stock, initially equal to approximately 3,600,000 million shares of common stock.

The prepaid forward is generally intended to facilitate privately negotiated derivative transactions, including swaps, between the forward counterparty or its affiliates and investors in the Convertible Notes, enabling those investors to hedge their investments in the Convertible Notes. As a result, the prepaid forward is expected to allow the investors to establish short positions that generally correspond to (but may be greater than) commercially reasonable initial hedges of their investment in the Convertible Notes. In the event of such greater initial hedges, investors may offset such greater portion by purchasing shares of common stock on the day the Company prices the Convertible Notes. In connection with establishing its initial hedges of the prepaid forward, the forward counterparty or its affiliates generally expect to, but are not required to, enter into one or more derivative transactions with respect to shares of common stock with the investors of the Convertible Notes concurrently with or after the pricing of the Convertible Notes. Such activities, which may occur on or shortly after the pricing date of the Convertible Notes, could have the effect of increasing (or reducing the size of any decrease in) the market price of the shares of common stock and effectively raise the conversion price of the Convertible Notes.

Neither the Company nor the forward counterparty will control how investors of the Convertible Notes may use such derivative transactions, and any related market activity could result in more purchases or sales of common stock than there otherwise would have been, potentially impacting the market price of common stock and/or the price of the Convertible Notes.

In addition, the forward counterparty or its affiliates may modify its hedge positions by entering into or unwinding one or more derivative transactions with respect to shares of common stock and/or purchasing or selling shares of common stock or other securities of the Company in secondary market transactions at any time following the pricing of the Convertible Notes and prior to the maturity of the Convertible Notes. These activities could also cause or avoid an increase or a decrease in the market price of common stock or the Convertible Notes, which could affect the ability to convert the Convertible Notes and, to the extent the activity occurs following conversion or during any observation period related to a conversion of Convertible Notes, it could affect the amount and value of the consideration that noteholders will receive upon conversion of the Convertible Notes.

About DeFi Development Corp.

DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to Solana (SOL). Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is engaged across decentralized finance (DeFi) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer. The Company also operates an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage.

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 regarding, among other things, the anticipated terms of the notes being offered, the completion, timing and size of the proposed offering, the intended use of proceeds, and the prepaid forward stock purchase program. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements are based on the current expectations and beliefs of the Company’s management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including risks related to the satisfaction of the closing conditions for the proposed offering, and other risks and uncertainties more fully in the section captioned “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and other reports we file with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Investor Contact:

[email protected]

Media Contact:
Prosek Partners
[email protected] 

SAN MATEO, Calif., July 02, 2025 (GLOBE NEWSWIRE) — Freshworks Inc. (NASDAQ: FRSH) will announce its financial results for the second quarter ended June 30, 2025 following the close of market on Tuesday, July 29, 2025. Freshworks will host a live audio webcast beginning at 2:00 p.m Pacific Time / 5:00 p.m. Eastern Time that same day to discuss the company’s financial results and business highlights.

Event: Freshworks Second Quarter 2025 Financial Results
Date: Tuesday, July 29, 2025
Time: 2:00 p.m. PT / 5:00 p.m. ET
Audio webcast:https://ir.freshworks.com  

A webcast replay will be accessible from the Freshworks investor relations website at https://ir.freshworks.com. The press release will be accessible from the Freshworks investor relations website prior to the commencement of the event.

About Freshworks Inc.


Freshworks Inc.
builds uncomplicated service software that delivers exceptional customer and employee experiences. Our enterprise-grade solutions are powerful, yet easy to use, and quick to deliver results. Our people-first approach to AI eliminates friction, making employees more effective and organizations more productive. Over 73,000 companies, including Bridgestone, New Balance, Nucor, S&P Global, and Sony Music, trust Freshworks’ customer experience (CX) and employee experience (EX) software to fuel customer loyalty and service efficiency. For the latest company news and customer stories, visit www.freshworks.com and follow us on Facebook, LinkedIn, and X.

© 2025 Freshworks Inc. All Rights Reserved. Freshworks and its associated logo is a trademark of Freshworks Inc. All other company, brand and product names may be trademarks or registered trademarks of their respective companies. Nothing in this press release should be construed to the contrary, or as an approval, endorsement or sponsorship by any third party of Freshworks Inc. or any aspect of this press release.

Investor Relations Contact:

Brian Lan
[email protected]

Media Relations Contact:

Jayne Gonzalez
[email protected]

SOMERSET, N.J., July 02, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (Nasdaq: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in AI-driven healthcare technology solutions for medical practices and health systems nationwide, today announced that it has been added to the Russell Microcap® Index, effective at the open of U.S. markets on June 30, 2025, as part of the Russell indexes’ annual reconstitution based on market capitalization, public float, and related criteria. The inclusion underscores growing recognition of CareCloud’s momentum in the healthcare technology sector.

During Q2, the price of the Company’s common stock increased by approximately 70%. Key developments during the first half of 2025 included the launch of CareCloud’s new AI Center of Excellence, the resumption of acquisition activities in targeted growth areas, the conversion of approximately 3.5 million shares of the Company’s Series A Preferred Stock into Common Stock on March 6, 2025 and a strong cash position of approximately $10 million at the end of Q2 2025.

“Being added to the Russell Microcap Index is a powerful endorsement of the value CareCloud is creating,” said Stephen Snyder, Co-Chief Executive Officer of CareCloud. “Our team is relentlessly focused on delivering breakthrough solutions, scaling profitability, and positioning CareCloud as a long-term industry leader.”

The Russell Microcap Index is widely followed by investment managers and institutional investors and serves as a key benchmark for performance in the U.S. small-cap equity market. Membership remains in place for one year and results in automatic inclusion in the appropriate growth and value style indexes. Companies are selected based on a transparent, rules-based methodology that evaluates market capitalization and public float as of Rank Day—April 30 each year—along with minimum price, liquidity, and U.S. exchange listing requirements.

About CareCloud

CareCloud brings disciplined innovation to the business of healthcare. Our suite of AI and technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care, while reducing administrative burdens and operating costs. Learn more about our products and services, including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health, at carecloud.com.

Follow CareCloud on LinkedIn, X and Facebook.

For additional information, please visit our website at carecloud.com. To listen to video presentations by CareCloud’s management team, read recent press releases and view the latest investor presentation, please visit ir.carecloud.com.

Disclaimer

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

Forward-Looking Statements

This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “shall,” “should,” “could”, “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,” “predicts,” “possible,” “potential,” “target,” or “continue” or the negative of these terms or other comparable terminology.

Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management’s expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, and the expected results from the integration of our acquisitions. Past operational or stock price performance is not an indication of future performance.

These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’ products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission.

The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

SOURCE:
CareCloud

Company Contact: 

Norman Roth 
Interim Chief Financial Officer and Corporate Controller 
CareCloud, Inc.
[email protected] 

Investor Contact:

Stephen Snyder 
Co-Chief Executive Officer 
CareCloud, Inc. 
[email protected] 

SINGAPORE, July 02, 2025 (GLOBE NEWSWIRE) —
Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, today announced that on July 1, 2025 it increased its Bitcoin Treasury by 20% to 120 Bitcoin, which have been purchased at an average price of $101,539 per bitcoin. The Company is accelerating its purchase plan with more frequent purchases.

With its most recent purchase, Genius Group has doubled the size of its Bitcoin Treasury since May 22, 2025, when a Preliminary Injunction preventing the Company from purchasing Bitcoin was stayed by the U.S. Court of Appeals pending the appeal hearing.

The Company is restating its target to build its Treasury to 1,000 Bitcoin within the next six months.

Roger Hamilton, CEO of Genius Group, said “Genius Group’s focus is on teaching the ABC’s of the future: AI (Digital workforce of the future), Bitcoin (Digital money of the future) and Community (Human values of the future), empowering our students to shift focus from their day’s work to their life’s work. Our Bitcoin Treasury is a key part of our Genius philosophy of preserving and growing value.”

About Genius Group

Genius Group (NYSE: GNS) is a Bitcoin-first business delivering AI powered, education and acceleration solutions for the future of work. Genius Group serves 5.8 million users in over 100 countries through its Genius City model and online digital marketplace of AI training, AI tools and AI talent. It provides personalized, entrepreneurial AI pathways combining human talent with AI skills and AI solutions at the individual, enterprise and government level. To learn more, please visit https://www.geniusgroup.ai/

Forward-Looking Statements 

Statements made in this press release include 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. Forward-looking statements can be identified by the use of words such as “may,” “will”, “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, including those involved with the risks of investing in Bitcoin, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company’s Annual Reports on Form 20-F, as may be supplemented or amended by the Company’s Reports of a Foreign Private Issuer on Form 6-K. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues, results of operations, or stock price.

Contacts

For enquiries, contact [email protected].