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Rithm Capital Announces Forward Flow Agreement with Upgrade, Inc. to Acquire $1 Billion in Home Improvement Loans

NEW YORK–(BUSINESS WIRE)–
Rithm Capital Corp. (NYSE: RITM, “Rithm” or the “Company”), a global, multi-dimensional asset manager with deep experience investing in real estate and credit, today announced it has closed a one-year forward flow agreement to acquire $1 billion in home improvement loans originated and serviced by Upgrade, Inc. (“Upgrade”), a fintech company that offers affordable and responsible credit and mobile banking to mainstream consumers.

This acquisition enables Rithm to underwrite and manage a high-quality pool of loans in a growing area of the market and expand its asset-based finance platform.

“This agreement builds on Rithm’s depth and breadth of expertise acquiring and managing consumer loans,” said Michael Nierenberg, Chairman, Chief Executive Officer and President of Rithm Capital. “Home improvement loans are a rapidly growing segment of the consumer market, and one where our established capabilities can be particularly valuable. This agreement will help merchants nationwide expand their reach and provide their customers with access to the capital they need. Our team is excited to support Upgrade’s high-growth trajectory, while strengthening our pioneering real estate and credit platform to drive shareholder value.”

Upgrade has originated nearly $2 billion in affordable and responsible home improvement credit through more than 100,000 loans. Utilizing a robust technology platform and a growing merchant partner network, Upgrade creates an accessible and flexible customer solution to enhance living spaces, improve energy efficiency, and increase property value through essential upgrades.

“Rithm Capital is an ideal capital partner for us as we continue to grow our home improvement product,” said Renaud Laplanche, Upgrade Co-Founder and CEO. “Rithm’s investment underscores the quality of the assets generated through our platform and provides the expertise and scale we need to meet demand. We look forward to continuing to develop our product, expand our network of partners and provide exceptional value to homeowners.”

About Rithm Capital

Rithm Capital Corp. is a global, multi-dimensional asset manager with significant experience managing credit and real estate assets. The firm combines deep institutional expertise with an entrepreneurial culture that drives innovation and disciplined growth across multiple market segments. Rithm’s integrated investment platform spans residential and commercial lending, mortgage servicing rights (MSRs) and structured credit.

Through subsidiaries such as Newrez, Genesis Capital, and Sculptor Capital Management, Rithm has established a unique owner-operator model, capable of sourcing, financing, and actively managing debt and equity investments, to drive value for shareholders and fund investors.

About Upgrade

Upgrade, Inc. offers affordable and responsible credit, mobile banking and payment products to mainstream consumers. Upgrade has delivered over $40 billion in affordable and responsible credit to customers since its inception in 2017. The company’s headquarters are in San Francisco, California, with an operations center in Phoenix, Arizona, a technology center in Montreal, Canada, and regional offices in Atlanta, Georgia, and Irvine, California. Upgrade is a financial technology company, not a bank. More information is available at: www.upgrade.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250804483992/en/

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Jonathan Gasthalter/Sam Cohen

Gasthalter & Co.

212-257-4170

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KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Finance Fintech Banking REIT Professional Services Asset Management Other Construction & Property Residential Building & Real Estate

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The footwear innovator honors its roots and nods to the future with next-generation Wool Runner NZ

3.3V, Quad-Channel, Hybrid ReDrivers from Diodes Incorporated Enable HDMI 2.1 Signal Integrity for High-Resolution Video Transmission

PLANO, Texas–(BUSINESS WIRE)–
Diodes Incorporated (Nasdaq: DIOD) today introduces two 3.3V, quad-channel, hybrid ReDrivers™ with integrated display data channel (DDC) listeners designed to enhance signal integrity for HDMI applications and simplify system designs. The PI3HDX12311 caters to high bandwidth applications up to 12Gbps for HDMI 2.1 fixed rate link (FRL) and transition-minimized differential signaling (TMDS) up to 6Gbps. The PI3HDX6311 supports HDMI 2.0 at 6Gbps. The devices also support DisplayPort™ Dual-Mode (DP++) V1.1 level shifting.

The products act as an intermediary between a source (like a CPU or GPU) and a sink (like a display), compensating for signal degradation over transmission lines. The devices are suitable for applications in laptop and desktop PCs, docking stations, peripheral devices, gaming consoles, DTV and commercial display panels, and HDMI active cables.

Both are hybrid devices that operate in either limited or linear mode. For HDMI 1.4 applications, the devices operate as limited ReDrivers, where the differential output swing is pre-defined by the swing setting to ensure HDMI-compliant levels at the receptacle. In contrast, for HDMI 2.0 and 2.1 applications, they function as linear ReDrivers, where the output swing is directly proportional to the received signal, effectively acting as a trace canceller. This linear mode is inherently transparent to the link training signals, and for the PI3HDX12311, enables 8K DTV video resolution and data rates up to 48Gbps (12Gbps per channel).

The devices allow for AC or DC coupling of the input and output signals, or a mixture of both, with short-circuit detection in DC coupled mode. Both devices also utilize pin-strapping control for operation mode, equalization, flat-gain, output swing, and output -1dB linearity swing. The devices share features like auto selection of TX settings, I_OFF support, and far-end receiver detection.

To minimize power consumption, the PI3HDX12311 and PI3HDX6311 monitor the hot-plug-detect (HPD) pin in the connector to control power consumption and enter a low-power state if the HPD is low for more than 2ms. Their DDC listeners function similarly by snooping the HDMI Forum Vendor Specific Data Block (HF-VSDB) and monitoring the same Status and Control Data Channel Structure (SCDCS) offset registers.

The PI3HDX12311 and PI3HDX6311 are available in the tiny 32-pin X1‑QFN2845 package, occupying a 2.85mm x 4.5mm PCB area, and operate across the -40°C to +70°C temperature range with 726mW (typ.) power dissipation. The hybrid ReDrivers are available at $0.99 [PI3HDX12311] and $0.77 [PI3HDX6311] in 3,500-piece quantities.

About Diodes Incorporated

Diodes Incorporated (Nasdaq: DIOD), a Standard and Poor’s SmallCap 600 and Russell 3000 Index company, delivers high-quality semiconductor products to the world’s leading companies in the automotive, industrial, computing, consumer electronics, and communications markets. We leverage our expanded product portfolio of analog and discrete power solutions combined with leading-edge packaging technology to meet customers’ needs. Our broad range of application-specific products and solutions-focused sales, coupled with global operations including engineering, testing, manufacturing, and customer service, enable us to be a premier provider for high-volume, high-growth markets. For more information, visit www.diodes.com.

ReDriver is a trademark of Diodes Incorporated.

The Diodes logo is a registered trademark of Diodes Incorporated in the United States and other countries.

All other trademarks are the property of their respective owners.

© 2025 Diodes Incorporated. All Rights Reserved.

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Company Contact:

Gurmeet Dhaliwal

Director, Investor Relations & Corporate Marketing

Diodes Incorporated

+1 408-232-9003

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KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Engineering Semiconductor Technology Manufacturing Other Technology Other Manufacturing Machinery

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Virtus Introduces Virtus AlphaSimplex Global Macro ETF

ASGM leverages AlphaSimplex’s expertise in adaptive investment strategies for evolving markets

NEW YORK–(BUSINESS WIRE)–Virtus Investment Partners, Inc. (NYSE: VRTS) has expanded its offerings of distinctive, actively managed exchange-traded funds with the introduction of the Virtus AlphaSimplex Global Macro ETF (NYSE Arca: ASGM). ASGM is the 21^st ETF offering from Virtus’ multi-manager ETF platform, Virtus ETF Solutions.

Virtus AlphaSimplex Global Macro ETF utilizes AlphaSimplex’s proprietary research and dynamic risk management systems to analyze market behavior and adapt to changing market dynamics and seeks to produce long-term capital appreciation independent of market cycles. The goal is to outperform traditional long-only equity investments while helping to minimize losses during protracted periods of high market volatility.

“Investors can potentially unlock a broader range of opportunities and mitigate risk by diversifying globally, particularly with geopolitical uncertainties and a changing trade environment influencing portfolio returns,” said AlphaSimplex’s chief investment officer and portfolio manager Alexander D. Healy, Ph.D., who manages ASGM with Kathryn M. Kaminski, Ph.D., CAIA, chief research strategist and portfolio manager, and Tansu Demirbilek, senior research scientist and portfolio manager.

The actively managed ETF uniquely blends dedicated global equity exposures with systematic macro strategies, offering investors a powerful combination for navigating diverse market conditions. The global equity component aims to capture upside potential during positive market cycles, while the systematic macro strategies seek to provide diversification and help mitigate downside risk during volatile periods.

“As a leading provider of systematic investment strategies, AlphaSimplex is uniquely positioned to offer this innovative alternative ETF to investors seeking diversification throughout a market cycle,” said William J. Smalley, executive managing director, Virtus ETF Solutions. “ASGM’s combination of proprietary trend techniques and dedicated, tactical exposure to global equities enables investors to stay invested in alternatives regardless of the global economy. Hedge funds are no longer the only destination for global macro strategies.”

About AlphaSimplex

AlphaSimplex is a registered investment adviser and investment manager of Virtus Investment Partners that seeks to expand the way the world invests with the power of diversification. The firm specializes in researching and analyzing markets and behaviors, including volatility and risk. AlphaSimplex develops systematic investment strategies that are designed to adapt to changing market dynamics, using primarily liquid futures and forward contracts. The firm seeks to deliver investment success and positively impact clients and colleagues by embracing a thoughtful culture of innovation, collaboration, and excellence.

About Virtus ETF Solutions

Virtus ETF Solutions is a multi-manager ETF sponsor that offers actively managed and index-based investment capabilities across multiple asset classes, seeking to deliver a family of complementary ETFs that provide investors access to differentiated investment capabilities from select subadvisers.

About Virtus Investment Partners, Inc.

Virtus Investment Partners (NYSE: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment products and services from our investment managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at virtus.com.

Risk Considerations

Exchange-Traded Funds (ETF): The value of an ETF may be more volatile than the underlying portfolio of securities it is designed to track. The costs to the portfolio of owning shares of an ETF may exceed the cost of investing directly in the underlying securities. Derivatives: Derivatives may include, among other things, futures, options, forwards and swap agreements and may be used in order to hedge portfolio risks, create leverage, or attempt to increase returns. Investments in derivatives may result in increased volatility and the portfolio may incur a loss greater than its principal investment. Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small, medium, or large-sized companies may enhance that risk. Short Sales: The portfolio may engage in short sales, and may incur a loss if the price of a borrowed security increases before the date on which the portfolio replaces the security. Quantitative Model: Investments selected using quantitative models may perform differently from the market as a whole or from their expected performance. There can be no assurance that use of a quantitative model will enable the portfolio to achieve positive returns or outperform the market. Leverage: When a portfolio is leveraged, the value of its securities may be more volatile and all other risks may be compounded. Commodity and Commodity-Linked Instruments: Commodity and commodity-linked instruments may experience a return different than the commodity they attempt to track and may also be exposed to counterparty risk. Currency Rate: Fluctuations in the exchange rates between the U.S. dollar and foreign currencies may negatively affect the value of the portfolio’s shares. Foreign & Emerging Markets: Investing in foreign securities, especially in emerging markets, subjects the portfolio to additional risks such as increased volatility, currency fluctuations, less liquidity, and political, regulatory, economic, and market risk. Interest Rate: The values of debt instruments may rise or fall in response to changes in interest rates, and this risk may be enhanced for securities with longer maturities. Credit Risk: If the issuer of a debt instrument fails to pay interest or principal in a timely manner, or negative perceptions exist in the market of the issuer’s ability to make such payments, the price of the security may decline. Portfolio Turnover: The portfolio’s principal investment strategies may result in a consistently high portfolio turnover rate. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the portfolio is held in a taxable account. Market Price/NAV: At the time of purchase and/or sale, an investor’s shares may have a market price that is above or below the fund’s NAV, which may increase the investor’s risk of loss. Market Volatility: The value of the securities in the portfolio may go up or down in response to the prospects of individual companies and/or general economic conditions. Local, regional, or global events such as war, terrorism, pandemic, or recession could impact the portfolio, including hampering the ability of the portfolio’s manager(s) to invest its assets as intended.

Prospectus: For additional information on risks, please see the fund’s prospectus.

The ICE BofA US Treasury Bill 3 Month Index measures performance of the three-month Treasury bill, based on monthly average auction rates. The index is calculated on a total return basis. The index is unmanaged, its returns do not reflect any fees, expenses, or sales charges, and is not available for direct investment.

The Credit Suisse Global Macro Index is a component of the broader Credit Suisse Hedge Fund Index designed to track the aggregate performance of global macro hedge funds. These funds primarily focus on identifying and profiting from extreme price valuations across various markets, including equities, currencies, interest rates, and commodities, often utilizing a top-down, global macroeconomic approach and leveraging anticipated price movements. The index is calculated on a total return basis. The index is unmanaged, its returns do not reflect any fees, expenses, or sales charges, and is not available for direct investment.

Please consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. The prospectus contains this and other information about the fund. Contact us at 1-888-383-0553 or visit virtus.com for a copy of the fund’s prospectus. Read the prospectus carefully before you invest or send money.

Distributed by VP Distributors, LLC.

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Media Relations Contacts

Zachary Allegretti

(973) 214-5581

[email protected]

Josh Silvia

(860) 503-1327

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KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Banking Asset Management Professional Services Finance

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Cessna Citation Longitude Expands its Global Reach with First Order in Brazil

SÃO PAULO–(BUSINESS WIRE)–
The first order of a Cessna Citation Longitude in Brazil was announced today during Latin American Business Aviation Conference & Exhibition (LABACE). The flagship of the Citation line of business jets, which are designed and manufactured by Textron Aviation Inc., a Textron Inc. (NYSE:TXT) company, was ordered by a longtime Citation customer that currently operates several aircraft from across the Textron Aviation product portfolio, including a Cessna Citation business jet and a Cessna and Beechcraft turboprop. Expected to deliver in 2026, the Longitude will be used for business and personal travel.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250805485427/en/

“With its class-leading performance, quiet cabin and range, the Citation Longitude is perfectly suited to meet the needs of our customers in Brazil — one of the most dynamic aviation markets in the world,” said Marcelo Moreira, vice president, Sales, Latin America. “The Longitude complements the customer’s existing fleet by providing long range, speed and delivering the exceptional comfort and performance expected from a Cessna Citation business jet.”

In 2024, Textron Aviation aircraft represented 40 percent of competitive turbine aircraft deliveries in Latin America — the largest share of any aircraft original equipment manufacturer. The region is home to nearly 1,000 Cessna Citation business jets and more than 2,100 Cessna and Beechcraft turboprops.

The Longitude is equally designed around the pilot experience, passenger comfort and overall performance, delivering an aircraft that lives up to its designation as the flagship of the Citation family of business jets. Designed to elevate passenger expectations, the aircraft delivers the quietest cabin in the super-midsize class, a stand-up 1.83-meter/6-foot tall flat-floor cabin and seating for up to 12 passengers with a standard double-club configuration that delivers the most legroom in its class. State-of-the-art cabin technology enables passengers to manage their environment and entertainment from a mobile device.

About the Cessna Citation Longitude

With a range of 6,482 kilometers (3,500 nautical miles) and full fuel payload of 726 kilograms (1,600 pounds), the Citation Longitude offers customers a low cabin altitude (1,509 meters / 4,950 feet) at 12,500 meters/ 41,000 feet, more standard features and a comfortable, bespoke interior. The aircraft features fully berthable seats and a spacious walk-in baggage compartment that is accessible throughout the flight. The spacious cockpit incorporates easier access and an ergonomic design that fully focuses on crew comfort and efficiency.

The clean-sheet design of the Longitude integrates the latest technology throughout the aircraft, bringing customers the lowest direct operating cost in its class. Powered by FADEC-equipped Honeywell HTF7700L turbofan engines, the Longitude combines on-condition engine overhaul periods to best-in-class airframe inspection intervals of 18 months and 800 hours. Textron Aviation’s full time diagnostics recording system (AReS) and 3D Technical Publications leverage advanced technology to reduce maintenance downtime and overall costs to operation.

About Textron Aviation

We inspire the journey of flight. For more than 95 years, Textron Aviation Inc., a Textron Inc. company, has empowered our collective talent across the Beechcraft, Cessna and Hawker brands to design and deliver the best aviation experience for our customers. With a range that includes everything from business jets, turboprops, and high-performance pistons, to special mission, military trainer and defense products, Textron Aviation has the most versatile and comprehensive aviation product portfolio in the world and a workforce that has produced more than half of all general aviation aircraft worldwide. Customers in more than 170 countries rely on our legendary performance, reliability and versatility, along with our trusted global customer service network, for affordable and flexible flight. For more information, visit www.txtav.com| www.defense.txtav.com| www.scorpionjet.com.

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, and Textron Systems. For more information, visit: www.textron.com.

Certain statements in this press release may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, changes in aircraft delivery schedules or cancellations or deferrals of orders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250805485427/en/

Media Contact:

Keturah Austin

+1.316.249.3706

[email protected]

txtav.com

KEYWORDS: Latin America South America Brazil

INDUSTRY KEYWORDS: Air Transport Aerospace Manufacturing Transportation Travel

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Cessna Citation Longitude expands its global reach with first order in Brazil (Photo Credit: Textron Aviation).

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Newegg Launches Gamer Community to Unite PC Enthusiasts Worldwide

DIAMOND BAR, Calif.–(BUSINESS WIRE)–
Newegg Commerce, Inc. (NASDAQ: NEGG) (the “Company”), a global leader in e-commerce for computer and technology products, today announced the launch of the Newegg Gamer Community, a new digital platform on Newegg.com and the Newegg app where customers and fans can connect, share, and explore the latest in gaming, PC hardware, custom builds, and technology trends.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250805167683/en/

“Newegg is more than just a place to buy your next PC,” said Jim Tseng, VP of Product Management at Newegg. “It’s an entire ecosystem, an extended family built on support, camaraderie, and tools that celebrate PC culture. We’ve been fostering this culture since launching Newegg.com in 2001, and we’re excited to now bring the community together on a global scale.”

Whether you’re a gamer, DIY builder, content creator, or tech enthusiast, the Newegg Gamer Community was created with you in mind.

How to Join

Joining is free and easy. Users can create an account at newegg.com/community. Visitors can also find the community by searching “Gamer Community” on Newegg.com or clicking the link in the site’s header.

Once registered, members can post, comment, showcase their PC builds, and engage directly with fellow users and Newegg staff.

“The Newegg Gamer Community was designed to be a community-first space,” said Maria Ayon, Director of Customer Service at Newegg. “It’s not a shopping destination, it’s a place to build meaningful connections with like-minded gamers and PC enthusiasts, and to ask questions freely without hesitation.”

What to Expect

The community features a wide variety of interactive content and discussion areas, including:

• Gaming News & Trends – Stay abreast of the latest announcements, releases and trending topics

• PC Hardware Discussions – Dive into conversations about components, cooling, upgrades, and performance

• PC Build Showcase Galleries – Explore user-submitted builds and show off your own setup

• DIY Support & Tips – Get hands-on advice and troubleshooting help for building, upgrading, and optimizing your rig

• Polls & Surveys – Participate in fun and insightful polls and share your perspective

A Growing Ecosystem

The Newegg Gamer Community launch marks the beginning of a broader effort to support and expand the company’s core community of gamers and tech enthusiasts. With more tools, content, and engagement opportunities on the horizon, Newegg is deepening its commitment to growing a vibrant, PC-centric culture.

About Newegg

Newegg Commerce, Inc. (NASDAQ: NEGG), founded in 2001 and based in Diamond Bar, Calif., near Los Angeles, is a leading global online retailer for PC hardware, consumer electronics, gaming peripherals, home appliances, automotive and lifestyle technology. Newegg also serves businesses’ e-commerce needs with marketing, supply chain, and technical solutions in a single platform. For more information, please visit Newegg.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250805167683/en/

Andrew Choi

Newegg Commerce Inc.

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Technology Electronic Games Retail Social Media Entertainment Consumer Online Retail Electronic Commerce Software Other Consumer Communications Internet Hardware Consumer Electronics

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Newegg Gamer Community

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PPG integrates PPG ADJUSTRITE estimating platform with PPG PAINTMANAGER XI software to streamline commercial refinish operations

PITTSBURGH–(BUSINESS WIRE)–
PPG (NYSE: PPG) today announced the integration of the PPG ADJUSTRITE® commercial estimating platform with PPG PAINTMANAGER® XI color management software for enhanced workflow efficiency and improved productivity for users of PPG products in the commercial vehicle repair industry.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250805334041/en/

The integration enables the seamless transfer of data from the PPG AdjustRite platform directly into the PPG PaintManager XI software, automating material inputs and reducing the need for duplicate data entry. This functionality allows users to track, manage and report on paint material usage and job costs with greater accuracy and speed.

“By connecting these two platforms, we help our customers operate more efficiently and profitably,” said Doug Orr, PPG AdjustRite platform manager, Automotive Refinish. “This integration reflects our commitment to continuous improvement and customer-focused innovation.”

Key benefits of the integration include:

• Streamlined job setup between estimating and paint software

• Leveraging automation to maximize the productivity of our customers

• Improved accuracy and consistency in material calculations

• Access to advanced tracking and reporting

This feature is available exclusively to customers using both the PPG AdjustRite estimation platform and PPG commercial transport coatings. The integration aligns with PPG’s broader strategy of delivering digital refinish solutions that improve shop performance and help address labor and workflow challenges. For more information, visit www.adjustrite.com.

PPG: WE PROTECT AND BEAUTIFY THE WORLD®

At PPG (NYSE: PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for more than 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.8 billion in 2024. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

AdjustRite,PaintManager XI, the PPG Logo and We Protect and Beautify the World are registered trademarks of PPG Industries Ohio, Inc.

CATEGORY Refinish

View source version on businesswire.com: https://www.businesswire.com/news/home/20250805334041/en/

PPG Media Contact:

Michelle Deemer

Automotive Refinish

+1 412 434 3419

[email protected]

www.ppg.com

KEYWORDS: United States North America Pennsylvania

INDUSTRY KEYWORDS: Automotive Technology Manufacturing Trucking Transport General Automotive Other Manufacturing Software Engineering Electronic Design Automation Chemicals/Plastics

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PPG integrates its PPG ADJUSTRITE® commercial estimating platform with PPG PAINTMANAGER® XI color management software to enhance workflow efficiency and increase productivity for commercial vehicle repair professionals using PPG products.