Hyperscale Data Reports Weekly and Total $XRP Purchases and Total Bitcoin Holdings

PR Newswire


LAS VEGAS
, Sept. 2, 2025 /PRNewswire/ — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company“), today announced that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum“), has reported the acquisition of 1,700 tokens of $XRP during the week of August 25 through August 31, 2025, at an average purchase price of $2.9439 per $XRP, representing a total investment of approximately $5,000.

This weekly acquisition adds to Sentinum’s growing position in $XRP:

  • Prior Month Purchases: 27,820 $XRP at an average price of $3.0545, totaling $84,976.15;
  • Month-to-Date Purchases: 0 $XRP purchased month-to-date;
  • Quarter-to-Date Purchases: 32,620 $XRP at an average price of $3.0640, totaling $99,947.51; and
  • Year-to-Date Purchases: 33,120 $XRP at an average price of $3.0533, totaling $101,123.70.

Based upon the $XRP closing price on August 31, 2025, of $2.7766, Sentinum’s $XRP holdings of 33,120 tokens had a current market value of $91,960.99.

Based upon the Bitcoin closing price on August 31, 2025, of $108,236.71, Sentinum’s Bitcoin holdings of 3.5966 Bitcoins had a current market value of $389,388.66. Sentinum’s current Bitcoin holdings come from the Bitcoin it has earned from providing hashing services to a mining pool, and none of the Bitcoin currently held by Sentinum has been acquired in the open market.

The Company will continue to issue these press releases reporting Sentinum’s $XRP acquisitions and Bitcoin holdings on a weekly basis, providing transparency into its digital asset investment activities. This press release constitutes the first report of Sentinum’s previously announced plans to report its Bitcoin holdings weekly.  

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence (“AI“) ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG“), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Hyperscale Data currently expects the divestiture of ACG (the “Divestiture“) to occur in the first quarter of 2026. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock“) to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares“). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

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SOURCE Hyperscale Data Inc.

US Food and Drug Administration (FDA) Approves Henlius and Organon’s BILDYOS® (denosumab-nxxp) and BILPREVDA® (denosumab-nxxp), Biosimilars to PROLIA (denosumab) and XGEVA (denosumab), Respectively

US Food and Drug Administration (FDA) Approves Henlius and Organon’s BILDYOS® (denosumab-nxxp) and BILPREVDA® (denosumab-nxxp), Biosimilars to PROLIA (denosumab) and XGEVA (denosumab), Respectively

SHANGHAI & JERSEY CITY, N.J.–(BUSINESS WIRE)–
Shanghai Henlius Biotech, Inc. (2696.HK), and Organon (NYSE: OGN) today announced the US Food and Drug Administration (FDA) has approved BILDYOS® (denosumab-nxxp) injection 60 mg/mL and BILPREVDA® (denosumab-nxxp) injection 120 mg/1.7 mL,biosimilars to PROLIA (denosumab) and XGEVA (denosumab), respectively, for all indications of the reference products.1,2

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250902605751/en/

“The FDA approvals of BILDYOS and BILPREVDA mark a significant step toward expanding access to critical bone care treatments needed by millions of people in the US, including a growing aging population.3,4,5 Our goal with these biosimilars is to improve access and affordability across multiple therapeutic areas, including for osteoporosis, which disproportionately affects women,” said Jon Martin, US Commercial Lead, Biosimilars and General Medicines at Organon.3,4 “This approval underscores Organon’s unwavering commitment to making treatments more accessible while focusing on creating a more sustainable future for the care of bone health.”4,5,6

BILDYOS is a RANK ligand (RANKL) inhibitor indicated for treatment of postmenopausal women with osteoporosis at high risk for fracture, to increase bone mass in men with osteoporosis at high risk for fracture, for the treatment of glucocorticoid-induced osteoporosis in men and women at high risk for fracture, to increase bone mass in men at risk for fracture receiving androgen deprivation therapy for nonmetastatic prostate cancer, and to increase bone mass in women at high risk for fracture receiving adjuvant aromatase inhibitor therapy for breast cancer. See full indications below.

Patients with advanced kidney disease treated with BILDYOS are at greater risk of severe hypocalcemia. Severe hypocalcemia resulting in hospitalization, life-threatening events, and fatal cases have been reported with denosumab products. The presence of chronic kidney disease-mineral bone disorder (CKD-MBD) markedly increases the risk of hypocalcemia. Prior to initiating BILDYOS in patients with advanced chronic kidney disease, evaluate for the presence of CKD-MBD. Treatment with BILDYOS in these patients should be supervised by a healthcare provider with expertise in the diagnosis and management of CKD-MBD. See additional safety information below.

BILPREVDA is a RANK ligand (RANKL) inhibitor indicated for the prevention of skeletal-related events in certain patients with multiple myeloma and bone metastases from solid tumors, giant cell tumor of bone, and hypercalcemia of malignancy. See full indications below.

Hypersensitivity reactions, including anaphylaxis, may occur with use of denosumab products, including BILPREVDA. Discontinue permanently if a clinically significant reaction occurs. Denosumab products can cause severe symptomatic hypocalcemia, and fatal cases have been reported. Correct hypocalcemia prior to initiating BILPREVDA. Monitor calcium levels during therapy, especially in the first weeks of initiating therapy, and adequately supplement all patients with calcium and vitamin D. Osteonecrosis of the jaw (ONJ) has been reported in patients receiving denosumab products. Perform an oral examination prior to starting BILPREVDA. Monitor for symptoms. Avoid invasive dental procedures during treatment. Evaluate patients with thigh or groin pain to rule out a femoral fracture. When BILPREVDA treatment is discontinued, evaluate the individual patient’s risk for vertebral fractures. BILPREVDA can cause fetal harm. Advise females of reproductive potential of potential risk to the fetus and to use effective contraception. See additional safety information below.

“The FDA approvals of BILDYOS and BILPREVDA mark another set of Henlius’ self-developed and self-manufactured biosimilars approved in the United States, underscoring our commitment to scientific excellence and consistent product quality,” said Dr. Jason Zhu, Executive Director and Chief Executive Officer of Henlius. “We’re proud to continue expanding access to quality biologics through the collaboration with Organon, delivering biosimilar treatment options that are as safe and effective as the reference biologics to more patients across the US.”5,7,8

BILDYOS and BILPREVDA were approved based on the review of a comprehensive data package, which included structural and functional analytical data, clinical pharmacokinetic data, and a comparative clinical study demonstrating that BILDYOS and BILPREVDA are highly similar to and have no clinically meaningful differences to their reference products, PROLIA and XGEVA, respectively, in terms of safety, purity, and potency.8,9

In 2022, Henlius entered into a license and supply agreement with Organon, granting Organon the exclusive commercialization rights to several biosimilars, including BILDYOS and BILPREVDA. The agreement covers exclusive global commercialization rights except for China.10

“These approvals are a testament to the strong collaboration between Henlius and Organon to expand patient access to quality and potentially more affordable biosimilars,” said Ping Cao, Chief Business Development Officer and Senior Vice President of Henlius.4,5,8 “Together, we are working to broaden access to important treatment options and better meet the needs of both patients and providers in the US.”5

BILDYOS and BILPREVDA join Organon’s biosimilars portfolio in the US, which has been growing for over eight years and spans five major therapeutic areas.11-14 This milestone reflects Organon’s long-standing commitment to expanding access to quality, cost-effective treatments and to advancing women’s health through a sustainable, patient-centered approach.5,7,8

About BILDYOS® (denosumab-nxxp)

BILDYOS is a RANK ligand (RANKL) inhibitor indicated for/to:

  • Postmenopausal Women with Osteoporosis at High Risk for Fracture: BILDYOS is indicated for the treatment of postmenopausal women with osteoporosis at high risk for fracture, defined as a history of osteoporotic fracture, or multiple risk factors for fracture; or patients who have failed or are intolerant to other available osteoporosis therapy. In postmenopausal women with osteoporosis, BILDYOS reduces the incidence of vertebral, nonvertebral, and hip fractures.
  • Increase Bone Mass in Men with Osteoporosis: BILDYOS is indicated for treatment to increase bone mass in men with osteoporosis at high risk for fracture, defined as a history of osteoporotic fracture, or multiple risk factors for fracture; or patients who have failed or are intolerant to other available osteoporosis therapy.
  • Glucocorticoid-Induced Osteoporosis: BILDYOS is indicated for the treatment of glucocorticoid-induced osteoporosis in men and women at high risk of fracture who are either initiating or continuing systemic glucocorticoids in a daily dosage equivalent to 7.5 mg or greater of prednisone and expected to remain on glucocorticoids for at least 6 months. High risk of fracture is defined as a history of osteoporotic fracture, multiple risk factors for fracture, or patients who have failed or are intolerant to other available osteoporosis therapy.
  • Bone Loss in Men Receiving Androgen Deprivation Therapy for Prostate Cancer: BILDYOS is indicated as a treatment to increase bone mass in men at high risk for fracture receiving androgen deprivation therapy (ADT) for nonmetastatic prostate cancer. In these patients, denosumab products also reduced the incidence of vertebral fractures.
  • Bone Loss in Women Receiving Adjuvant Aromatase Inhibitor Therapy for Breast Cancer: BILDYOS is indicated as a treatment to increase bone mass in women at high risk for fracture receiving adjuvant aromatase inhibitor therapy for breast cancer.

SELECTED SAFETY INFORMATION

SEVERE HYPOCALCEMIA IN PATIENTS WITH ADVANCED KIDNEY DISEASE

Patients with advanced chronic kidney disease (eGFR <30mL/min/1.73m2), including dialysis dependent patients, are at greater risk of severe hypocalcemia following denosumab products administration. Severe hypocalcemia resulting in hospitalization, life-threatening events, and fatal cases have been reported.

The presence of chronic kidney disease-mineral bone disorder (CKD-MBD) markedly increases the risk of hypocalcemia in these patients.

Prior to initiating BILDYOS in patients with advanced chronic kidney disease, evaluate for the presence of CKD-MBD. Treatment with BILDYOS in these patients should be supervised by a health care provider with expertise in the diagnosis and management of CKD-MBD.

CONTRAINDICATIONS

BILDYOS is contraindicated in patients with hypocalcemia. Pre-existing hypocalcemia must be corrected prior to initiating BILDYOS. BILDYOS is contraindicated in women who are pregnant and may cause fetal harm when administered to a pregnant woman. In women of reproductive potential, pregnancy testing should be performed prior to initiating treatment with BILDYOS. BILDYOS is contraindicated in patients with a history of systemic hypersensitivity to any component of the product. Reactions have included anaphylaxis, facial swelling, and urticaria.

WARNINGS AND PRECAUTIONS

Severe Hypocalcemia and Mineral Metabolism Changes

Denosumab products can cause severe hypocalcemia and fatal cases have been reported. Pre-existing hypocalcemia must be corrected prior to initiating therapy with BILDYOS. Adequately supplement all patients with calcium and vitamin D.

In patients without advanced chronic kidney disease who are predisposed to hypocalcemia and disturbances of mineral metabolism (eg, treatment with other calcium lowering drugs), assess serum calcium and mineral levels (phosphorus and magnesium) 10 to 14 days after BILYDOS injection.

Drug Products with Same Active Ingredient

The active ingredient in BILDYOS is denosumab. Patients receiving BILDYOS should not receive other denosumab products concomitantly.

Hypersensitivity

Clinically significant hypersensitivity, including anaphylaxis, has been reported with denosumab products. Symptoms have included hypotension, dyspnea, throat tightness, facial and upper airway edema, pruritus, and urticaria. If an anaphylactic or other clinically significant allergic reaction occurs, initiate appropriate therapy and discontinue further use of BILDYOS.

Osteonecrosis of the Jaw (ONJ)

ONJ, which can occur spontaneously, is generally associated with tooth extraction and/or local infection with delayed healing. ONJ has been reported in patients receiving denosumab products. A routine oral exam should be performed by the prescriber prior to initiation of BILDYOS. A dental examination with appropriate preventive dentistry is recommended prior to treatment in patients with risk factors for ONJ such as invasive dental procedures (eg, tooth extraction, dental implants, oral surgery), diagnosis of cancer, concomitant therapies (eg, chemotherapy, corticosteroids, angiogenesis inhibitors), poor oral hygiene, and co-morbid disorders (eg, periodontal and/or other pre-existing dental disease, anemia, coagulopathy, infection, ill-fitting dentures). Good oral hygiene practices should be maintained during treatment with BILDYOS. Concomitant administration of drugs associated with ONJ may increase the risk of developing ONJ. The risk of ONJ may increase with duration of exposure to denosumab products.

For patients requiring invasive dental procedures, clinical judgment of the treating physician and/or oral surgeon should guide the management plan of each patient based on individual benefit-risk assessment.

Patients who are suspected of having or who develop ONJ while on BILDYOS should receive care by a dentist or an oral surgeon. Extensive dental surgery to treat ONJ may exacerbate the condition. Discontinuation of BILDYOS should be considered based on individual benefit-risk assessment.

Atypical Subtrochanteric and Diaphyseal Femoral Fractures

Atypical low-energy, or low trauma fractures of the shaft have been reported in patients receiving denosumab products. Causality has not been established as these fractures also occur in osteoporotic patients who have not been treated with antiresorptive agents.

During BILDYOS treatment, patients should be advised to report new or unusual thigh, hip, or groin pain. Any patient who presents with thigh or groin pain should be suspected of having an atypical fracture and should be evaluated to rule out an incomplete femur fracture. Interruption of BILDYOS therapy should be considered, pending a benefit-risk assessment, on an individual basis.

Multiple Vertebral Fractures (MVF) Following Discontinuation of Treatment

Following discontinuation of denosumab treatment, fracture risk increases, including the risk of multiple vertebral fractures. New vertebral fractures occurred as early as 7 months (on average 19 months) after the last dose of denosumab. Prior vertebral fracture was a predictor of multiple vertebral fractures after denosumab product discontinuation. Evaluate an individual’s benefit-risk before initiating treatment. If BILDYOS treatment is discontinued, patients should be transitioned to an alternative antiresorptive therapy.

Serious Infections

In a clinical trial of over 7800 women with postmenopausal osteoporosis, serious infections leading to hospitalization were reported more frequently in the denosumab group than in the placebo group. Serious skin infections, as well as infections of the abdomen, urinary tract, and ear, were more frequent in patients treated with denosumab products. Endocarditis was also reported more frequently in denosumab-treated patients. The incidence of opportunistic infections and the overall incidence of infections were similar between the treatment groups. Advise patients to seek prompt medical attention if they develop signs or symptoms of severe infection, including cellulitis.

Patients on concomitant immunosuppressant agents or with impaired immune systems may be at increased risk for serious infections. Consider the benefit-risk profile in such patients before treating with BILDYOS. In patients who develop serious infections while on BILDYOS, prescribers should assess the need for continued BILDYOS therapy.

Dermatologic Adverse Reactions

In a clinical trial of over 7800 women with postmenopausal osteoporosis, epidermal and dermal adverse events such as dermatitis, eczema, and rashes occurred at a significantly higher rate with denosumab treatment compared to placebo. Most of these events were not specific to the injection site. Consider discontinuing BILDYOS if severe symptoms develop.

Musculoskeletal Pain

In postmarketing experience, severe and occasionally incapacitating bone, joint, and/or muscle pain has been reported in patients during denosumab treatment. Onset of symptoms varied from one day to several months after starting denosumab products. Consider discontinuing use if severe symptoms develop.

Suppression of Bone Turnover

In clinical trials in women with postmenopausal osteoporosis, treatment with denosumab resulted in significant suppression of bone remodeling as evidenced by markers of bone turnover and bone histomorphometry. The significance of these findings and the effect of long-term treatment with denosumab products are unknown. Monitor patients for consequences, including ONJ, atypical fractures, and delayed fracture healing.

Hypercalcemia in Pediatric Patients with Osteogenesis Imperfecta

BILDYOS is not approved for use in pediatric patients. Hypercalcemia has been reported in pediatric patients with osteogenesis imperfecta treated with denosumab products.

ADVERSE REACTIONS

The most common adverse reactions (>5% and more common than placebo) reported with denosumab products in women with postmenopausal osteoporosis are back pain, pain in extremity, musculoskeletal pain, hypercholesterolemia, and cystitis.

The most common adverse reactions (>5% and more common than placebo) reported with denosumab products in men with osteoporosis are back pain, arthralgia, and nasopharyngitis. Pancreatitis has been reported with denosumab products.

The most common adverse reactions (>3% and more common than active-control group) reported with denosumab products in patients with glucocorticoid-induced osteoporosis are back pain, hypertension, bronchitis, and headache.

The most common (per patient incidence ≥10%) adverse reactions reported with denosumab products in patients with bone loss receiving androgen deprivation therapy for prostate cancer or adjuvant aromatase inhibitor therapy for breast cancer are arthralgia and back pain. Pain in extremity and musculoskeletal pain have also been reported in clinical trials.

The most common adverse reactions leading to discontinuation of denosumab products in patients with postmenopausal osteoporosis are back pain and constipation.

Denosumab is a human monoclonal antibody. As with all therapeutic proteins, there is potential for immunogenicity.

Before prescribing BILDYOS, please read the Prescribing Information, including the Boxed Warning about severe hypocalcemia. The Medication Guide also is available.

Please note, BILDYOS is part of the Risk Evaluation and Mitigation Strategy (REMS) program.

About BILPREVDA® (denosumab-nxxp)

BILPREVDA is a RANK ligand (RANKL) inhibitor indicated for:

  • Multiple Myeloma and Bone Metastasis from Solid Tumors: BILPREVDA is indicated for the prevention of skeletal-related events in patients with multiple myeloma and in patients with bone metastases from solid tumors.
  • Giant Cell Tumor of Bone: BILPREVDA is indicated for the treatment of adults and skeletally mature adolescents withgiant cell tumor of bone that is unresectable or where surgical resection is likely to resultin severe morbidity.
  • Hypercalcemia of Malignancy: BILPREVDA is indicated for the treatment of hypercalcemia of malignancy refractory to bisphosphonate therapy.

SELECTED SAFETY INFORMATION

CONTRAINDICATIONS

Pre-existing hypocalcemia must be corrected prior to initiating therapy with BILPREVDA. BILPREVDA is contraindicated in patients with known clinically significant hypersensitivity to denosumab products.

WARNINGS AND PRECAUTIONS

Drug Products with Same Active Ingredient

Patients receiving BILPREVDA should not receive other denosumab products concomitantly.

Hypocalcemia

Denosumab products can cause severe symptomatic hypocalcemia, and fatal cases have been reported. Pre-existing hypocalcemia must be corrected prior to initiating BILPREVDA. Monitor calcium levels throughout therapy, especially in the first weeks of initiating therapy, and administer calcium, magnesium, and vitamin D as necessary. Concomitant use of calcimimetics and other drugs that can lower calcium levels may worsen hypocalcemia risk, and serum calcium should be closely monitored. Advise patients to contact a health care provider for symptoms of hypocalcemia.

An increased risk of hypocalcemia has been observed in clinical trials of patients with increasing renal dysfunction, most commonly with severe dysfunction (creatinine clearance less than 30 mL/min and/or on dialysis), and with inadequate/no calcium supplementation. Monitor calcium levels and calcium and vitamin D intake.

Hypersensitivity

BILPREVDA is contraindicated in patients with known clinically significant hypersensitivity to denosumab products, including anaphylaxis. Reactions may include hypotension, dyspnea, upper airway edema, lip swelling, rash, pruritus, and urticaria. If an anaphylactic or other clinically significant allergic reaction occurs, initiate appropriate therapy and discontinue BILPREVDA therapy permanently.

Osteonecrosis of the Jaw (ONJ)

ONJ has been reported in patients receiving denosumab products, manifesting as jaw pain, osteomyelitis, osteitis, bone erosion, tooth or periodontal infection, toothache, gingival ulceration, or gingival erosion. Persistent pain or slow healing of the mouth or jaw after dental surgery may also be manifestations of ONJ. In clinical trials in patients with cancer, the incidence of ONJ was higher with longer duration of exposure.

A history of tooth extraction, poor oral hygiene, or use of a dental appliance may be predisposing factors to developing ONJ. Other risk factors for the development of ONJ include immunosuppressive therapy, treatment with angiogenesis inhibitors, systemic corticosteroids, diabetes, and gingival infections.

Perform an oral examination and appropriate preventive dentistry prior to the initiation of BILPREVDA and periodically during therapy. Advise patients regarding oral hygiene practices. Avoid invasive dental procedures during treatment with BILPREVDA. Consider temporarily interrupting therapy if an invasive dental procedure must be performed.

Patients who are suspected of having or who develop ONJ while on BILPREVDA should receive care by a dentist or an oral surgeon. In these patients, extensive dental surgery to treat ONJ may exacerbate the condition.

Atypical Subtrochanteric and Diaphyseal Femoral Fracture

Atypical femoral fracture has been reported with denosumab products. These fractures can occur anywhere in the femoral shaft from just below the lesser trochanter to above the supracondylar flare and are transverse or short oblique in orientation without evidence of comminution.

Atypical femoral fractures most commonly occur with minimal or no trauma to the affected area. They may be bilateral and many patients report prodromal pain in the affected area, usually presenting as dull, aching thigh pain, weeks to months before a complete fracture occurs. A number of reports note that patients were also receiving treatment with glucocorticoids (eg, prednisone) at the time of fracture. During BILPREVDA treatment, patients should be advised to report new or unusual thigh, hip, or groin pain. Any patient who presents with thigh or groin pain should be suspected of having an atypical fracture and should be evaluated to rule out an incomplete femur fracture. Patients presenting with an atypical femur fracture should also be assessed for symptoms and signs of fracture in the contralateral limb. Interruption of BILPREVDA therapy should be considered, pending a risk/benefit assessment, on an individual basis.

Hypercalcemia Following Treatment Discontinuation in Patients with Giant Cell Tumor of Bone (GCTB) and in Patients with Growing Skeletons

Clinically significant hypercalcemia requiring hospitalization and complicated by acute renal injury has been reported in denosumab-treated patients with GCTB and in patients with growing skeletons. Hypercalcemia has been reported within the first year after treatment discontinuation. After treatment is discontinued, monitor patients for signs and symptoms of hypercalcemia, assess serum calcium periodically, reevaluate the patients’ calcium and vitamin D supplementation, and treat appropriately.

Multiple Vertebral Fractures (MVF) Following Treatment Discontinuation

MVF have been reported following discontinuation of treatment with denosumab products. Patients at higher risk for MVF include those with risk factors for or a history of osteoporosis or prior fractures. When BILPREVDA treatment is discontinued, evaluate the individual patient’s risk for vertebral fractures.

Embryo-Fetal Toxicity

Based on data from animal studies and its mechanism of actions, denosumab products can cause fetal harm when administered to a pregnant woman.

Verify the pregnancy status of females of reproductive potential prior to the initiation of BILPREVDA. Advise females of reproductive potential to use effective contraception during therapy, and for at least 5 months after the last dose of BILPREVDA. Advise pregnant women and females of reproductive potential that exposure to BILPREVDA during pregnancy or within 5 months prior to conception can result in fetal harm.

ADVERSE REACTIONS

The most common adverse reactions (incidence ≥25%) in patients with bone metastasis from solid tumors were fatigue/asthenia, hypophosphatemia, and nausea. The most common serious adverse reaction was dyspnea. The most common adverse reactions resulting in discontinuation were osteonecrosis and hypocalcemia.

The most common adverse reactions (incidence ≥10%) in patients with multiple myeloma were diarrhea, nausea, anemia, back pain, thrombocytopenia, peripheral edema, hypocalcemia, upper respiratory tract infection, rash, and headache. The most common serious adverse reaction was pneumonia. The most common adverse reaction resulting in discontinuation was osteonecrosis of the jaw.

The most common adverse reactions (incidence ≥10%) in patients with GCTB were arthralgia, back pain, pain in extremity, fatigue, headache, nausea, nasopharyngitis, musculoskeletal pain, toothache, vomiting, hypophosphatemia, constipation, diarrhea, and cough. The most frequent serious adverse reactions were osteonecrosis of the jaw, bone giant cell tumor, anemia, pneumonia, and back pain. The most common adverse reaction resulting in discontinuation was osteonecrosis of the jaw.

The most common adverse reactions (incidence >20%) in patients with hypercalcemia of malignancy were nausea, dyspnea, decreased appetite, headache, peripheral edema, vomiting, anemia, constipation, and diarrhea.

Before prescribing BILPREVDA, please read the Prescribing Information.

About Henlius

Henlius (2696.HK) is a global biopharmaceutical company with the vision to offer high-quality, affordable and innovative biologic medicines for patients worldwide with a focus on oncology, autoimmune diseases and ophthalmic diseases. Up to date, 6 products have been launched in China, 6 have been approved for marketing in overseas markets, and 5 marketing applications have been accepted for review in China, the U.S. and the EU, respectively. Since its inception in 2010, Henlius has built an integrated biopharmaceutical platform with core capabilities of high-efficiency and innovation embedded throughout the whole product life cycle including R&D, manufacturing and commercialization. It has established global innovation centre and Shanghai-based commercial manufacturing facilities certificated by China, the EU and U.S. GMP.

Henlius has pro-actively built a diversified and high-quality product pipeline covering about 50 molecules and has continued to explore immuno-oncology combination therapies with proprietary HANSIZHUANG (anti-PD-1 mAb) as the backbone. To date, the company’s launched products include HANSIZHUANG (serplulimab, trade name: Hetronifly in Europe), the world’s first anti-PD-1 mAb for the first-line treatment of SCLC, HANQUYOU (trastuzumab, trade name: HERCESSI in the U.S., Zercepac in Europe), a China-developed mAb biosimilar approved in China, Europe and U.S., HANLIKANG (rituximab), the first China-developed biosimilar, and denosumab BILDYOS and BILPREVDA. What’s more, Henlius has conducted over 30 clinical studies for 19 products, expanding its presence in major markets as well as emerging markets.

To learn more about Henlius, visit https://www.henlius.com/en/index.html and connect with us on LinkedIn at https://www.linkedin.com/company/henlius/.

About Organon

Organon (NYSE: OGN) is a global healthcare company with a mission to deliver impactful medicines and solutions for a healthier every day. With a portfolio of over 70 products across Women’s Health and General Medicines, which includes biosimilars, Organon focuses on addressing health needs that uniquely, disproportionately or differently affect women, while expanding access to essential treatments in over 140 markets.

Headquartered in Jersey City, New Jersey, Organon is committed to advancing access, affordability, and innovation in healthcare. Learn more at www.organon.com and follow us on LinkedIn, Instagram, X, YouTube, TikTok and Facebook.

Cautionary Note Regarding Forward-Looking Statements

Except for historical information, this press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about expectations regarding the business opportunities and prospects for BILDYOS and BILPREVDA. Forward-looking statements may be identified by words such as “will,” “potential,” “aim,” “explore,” “opportunity,” “expect,” “future,” “working to,” or words of similar meaning. These statements are based upon the current beliefs and expectations of Organon’s management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate, or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements. Risks and uncertainties include, but are not limited to, an inability to market BILDYOS and BILPREVDA; factors that could adversely affect the level of demand for BILDYOS and BILPREVDA (including trade protection measures and import or export licensing requirements; changes in US and foreign federal, state, and local governmental funding allocations, including the timing and amounts allocated to Organon’s customers and business partners; and economic factors); the failure of any supplier to provide substances, materials, or services as agreed; the increased cost of supply, manufacturing, packaging, and operations; pricing pressures globally, including rules and practices of managed care groups, judicial decisions and governmental laws and regulations related to Medicare, Medicaid, and health care reform, pharmaceutical reimbursement, and pricing in general; manufacturing difficulties or delays; restructurings or other disruptions at the FDA and other government agencies; efficacy, safety, or other quality concerns; and future actions of third-parties, including significant changes in customer relationships or changes in the behavior and spending patterns of purchasers of health care products and services, including delaying medical procedures, rationing prescription medications, reducing the frequency of physician visits, and forgoing health care insurance coverage. Organon undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in Organon’s filings with the SEC, including Organon’s most recent Annual Report on Form 10-K and subsequent SEC filings (including Organon’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025), available at the SEC’s Internet site (www.sec.gov). References and links to websites have been provided for convenience, and the information contained on any such website is not a part of, or incorporated by reference into, this press release. Organon is not responsible for the contents of third-party websites.

PROLIA and XGEVA are trademarks registered in the US by Amgen, Inc.; Organon is not associated with this trademark owner.

References

  1. PROLIA. Prescribing Information. Amgen Inc.; 2025.

  2. XGEVA. Prescribing Information. Amgen Inc.; 2025.

  3. Office of Women’s Health. Osteoporosis. US Food and Drug Administration. May 13, 2024. Accessed December 4, 2024. https://www.fda.gov/consumers/womens-health-topics/osteoporosis
  4. Biosimilars in the United States: providing more patients greater access to lifesaving medicines. Biosimilars Council. 2017. Accessed July 25, 2025. https://biosimilarscouncil.org/wp-content/uploads/2019/03/Biosimilars-Council-Patient-Access-Study.pdf
  5. Overview for health care professionals. US Food and Drug Administration. Updated August 1, 2024. Accessed March 13, 2025. https://www.fda.gov/drugs/biosimilars/overview-health-care-professionals
  6. Aitken M, Kleinrock M, Pritchett J. Biosimilars in the United States 2023-2027: competition, savings, and sustainability. IQVIA Institute for Human Data Science. January 31, 2023. Accessed January 7, 2025. https://www.iqvia.com/insights/the-iqvia-institute/reports/biosimilars-in-the-united-states-2023-2027
  7. Biosimilars basics for patients. US Food and Drug Administration. May 7, 2024. Accessed September 1, 2024. https://www.fda.gov/drugs/biosimilars/biosimilars-basics-patients
  8. Review and approval. US Food and Drug Administration. December 13, 2022. Accessed July 28, 2025. https://www.fda.gov/drugs/biosimilars/review-and-approval
  9. Biosimilar product regulatory review and approval. US Food and Drug Administration. Accessed May 1, 2025. https://www.fda.gov/files/drugs/published/Biosimilar-Product-Regulatory-Review-and-Approval.pdf
  10. Organon Enters into Global License Agreement to Commercialize Henlius’ Investigational Perjeta® (Pertuzumab) and Prolia®/Xgeva® (Denosumab) Biosimilar Candidates. Organon. June 13, 2022. Accessed July 28, 2025. https://www.organon.com/news/organon-enters-into-global-license-agreement-to-commercialize-henlius-investigational-perjeta-pertuzumab-and-prolia-xgeva-denosumab-biosimilar-candidates/
  11. HADLIMA. Prescribing Information. Organon; 2024.

  12. ONTRUZANT. Prescribing Information. Organon; 2025.

  13. RENFLEXIS. Prescribing Information. Organon; 2023.

  14. TOFIDENCE. Prescribing Information. Organon; 2025.

© 2025 Organon group of companies. All rights reserved. US-DEN-110036 08/25

Organon Media Contacts:

Felicia Bisaro

(646) 703-1807

Kate Vossen

(732) 675-8448

Organon Investor Contacts:

Jennifer Halchak

(201) 275-2711

Renee McKnight

(551) 204-6129

Henlius Media Contacts:

Bella Zhou

[email protected]

Janice Han

[email protected]

Henlius Investor Contact:

Venus Hu

[email protected]

KEYWORDS: China United States North America Asia Pacific New Jersey

INDUSTRY KEYWORDS: Women FDA Clinical Trials Other Health Biotechnology General Health Pharmaceutical Consumer Health Oncology

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Kodiak Gas Services Announces Changes to Its Board of Directors

Kodiak Gas Services Announces Changes to Its Board of Directors

THE WOODLANDS, Texas–(BUSINESS WIRE)–
Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced the appointment of William (“Bill”) L. Bullock, Jr., former Executive Vice President and Chief Financial Officer of ConocoPhillips, to its Board of Directors, effective immediately.

Mr. Bullock brings over three decades of financial and operational leadership in the energy sector. During his tenure at ConocoPhillips, he held multiple executive roles, including CFO and President, Asia Pacific & Middle East, where he oversaw strategic growth initiatives and complex global operations. His deep expertise in financial stewardship, capital markets, and energy infrastructure will be instrumental in guiding Kodiak’s long-term strategy.

“We are honored to welcome Bill to our Board,” said Randall J. Hogan, III, Chairperson of the Board. “His extensive industry experience and financial acumen will be invaluable as Kodiak continues to scale its operations and deliver value to shareholders.”

Commenting on his appointment, Mr. Bullock said:

“Kodiak has built a strong reputation for operational excellence and reliability in the gas compression industry. I’m excited to join the Board and contribute to the company’s mission of supporting critical energy infrastructure while driving sustainable growth.”

Kodiak also today announced that Nirav Shah, one of two directors appointed by an affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV (“EQT”), has resigned from its Board of Directors. Mr. Shah’s resignation reflects the reduced control of Kodiak by EQT due to EQT’s recent reduction in ownership and is not the result of any disagreement with the Company or the Board. Mr. Bullock replaces Mr. Shah, and Kodiak’s Board of Directors will continue to consist of nine members.

“On behalf of the Board, I want to thank Nirav for his many contributions to Kodiak during his tenure,” said Mickey McKee, Kodiak’s President and Chief Executive Officer. “His strategic insight and leadership have been instrumental in guiding Kodiak through a pivotal period of growth, and I wish him continued success in his future endeavors.”

About Kodiak

Kodiak is a leading contract compression services provider in the United States, serving as a critical link in the infrastructure that enables the safe and reliable production and transportation of natural gas and oil. Headquartered in The Woodlands, Texas, Kodiak provides contract compression and related services to oil and gas producers and midstream customers in high–volume gas gathering systems, processing facilities, multi-well gas lift applications and natural gas transmission systems.

Kodiak Gas Services, Inc.

Graham Sones, VP – Investor Relations

[email protected]

(936) 755-3259

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Other Energy Utilities Oil/Gas Coal Alternative Energy Energy Nuclear

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Boeing, Macquarie AirFinance Announce Order for 30 737 MAX Airplanes

– Lessor builds on first direct purchase in 2024, bringing 737-8 order book to 70

– Macquarie AirFinance portfolio of over 300 owned and committed aircraft on lease to 84 airlines across 48 countries

PR Newswire


DUBLIN
, Sept. 2, 2025 /PRNewswire/ — Boeing [NYSE: BA] and Macquarie AirFinance announced today the lessor has increased its commitment to the 737 MAX with an order for 30 737-8 jets. The purchase was booked in July as unidentified on Boeing’s Orders & Deliveries website.

With this order, Macquarie AirFinance will expand its 737 MAX portfolio to 70, providing its airline customers with access to the latest generation aircraft. The 737’s large global customer base and low operating costs make it a cornerstone of most lessors’ portfolios, representing approximately 30% of all financed airplanes.

“This incremental order marks another milestone in our company’s growth strategy,” said Eamonn Bane, CEO of Macquarie AirFinance. “The Boeing 737 MAX offers exceptional fuel efficiency, reliability, and passenger comfort, making it an ideal choice for our airline customers worldwide. “By expanding our fleet with these state-of-the-art aircraft, we are reinforcing our commitment to providing sustainable and cost-effective solutions to our partners, while supporting the future of global aviation.” 

Known for its versatility, the 737-8 can carry up to 210 passengers depending on configuration, with a range of up to 3,500 nautical miles (6,480 km). The 737 MAX family is well-suited to support airline fleet modernization by reducing fuel use and carbon emissions by 20% compared to the airplanes they replace.

“Macquarie AirFinance’s expanded commitment to the 737 MAX is a testament to the value of this airplane among the leasing community and our airline customers,” said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. “Lessors remain an important partner to Boeing and global carriers in providing financial solutions that expand single-aisle fleets.”

Lessor orders for the 737 MAX now account for nearly one-quarter of the total order book for the airplane family. Boeing’s 2025 Commercial Market Outlook forecasts that 33,000 new single-aisle airplanes will be needed over the next 20 years to replace older models and meet air traffic growth.

About Macquarie AirFinance

Macquarie AirFinance is a leading provider of aircraft leasing and financing solutions with a portfolio of 227 aircraft leased to 84 airlines across 48 countries and a firm orderbook of 105 new technology narrowbody Boeing and Airbus aircraft. With offices in Dublin, London, San Francisco and Singapore, Macquarie AirFinance is owned by Macquarie Asset Management, PGGM Infrastructure Fund and Australian Retirement Trust.

About Boeing

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future and living the company’s core values of safety, quality and integrity. Learn more at www.boeing.com.

Contact:
Boeing Media Relations
[email protected]

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/boeing-macquarie-airfinance-announce-order-for-30-737-max-airplanes-302543623.html

SOURCE Boeing

Huize Holding Limited to Report Second Quarter 2025 Financial Results on September 12, 2025

SHENZHEN, China, Sept. 02, 2025 (GLOBE NEWSWIRE) — Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in Asia, today announced that it plans to release its second quarter 2025 unaudited financial results before the U.S. market opens on Friday, September 12, 2025.

The Company’s management team will hold an earnings conference call at 8:00 A.M. Eastern Time on Friday, September 12, 2025 (8:00 P.M. Beijing/Hong Kong Time on Friday, September 12, 2025). Details for the conference call are as follows:

Event Title: Huize Holding Limited’s Second Quarter 2025 Earnings Conference Call
Registration Link: https://register-conf.media-server.com/register/BI3e35bb510fdd420aae37a9c8f42c9f59

All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registration, each participant will receive a confirmation email containing dial-in numbers and a unique access PIN, which will be used to join the conference call.

Additionally, a live and archived webcast of the conference call will also be available on the Company’s investor relations website at http://ir.huize.com.

About Huize Holding Limited

Huize Holding Limited is a leading insurance technology platform connecting consumers, insurance carriers and distribution partners digitally through data-driven and AI-powered solutions in Asia. Targeting mass affluent consumers, Huize is dedicated to serving consumers for their life-long insurance needs. Its online-to-offline integrated insurance ecosystem covers the entire insurance life cycle and offers consumers a wide spectrum of insurance products, one-stop services, and a streamlined transaction experience across all scenarios. By leveraging AI, data analytics, and digital capabilities, Huize empowers the insurance service chain with proprietary technology-enabled solutions for insurance consultation, user engagement, marketing, risk management, and claims service.

For more information, please visit http://ir.huize.com or follow us on social media via LinkedIn (https://www.linkedin.com/company/huize-holding-limited), X (https://x.com/huizeholding) and Webull (https://www.webull.com/quote/nasdaq-huiz).

For investor and media inquiries, please contact:

Investor Relations

Kenny Lo
Investor Relations Manager
[email protected]

Media Relations

[email protected]

Christensen

In China
Dolly Zhang
Phone: +852 6996 4179
Email: [email protected]

In U.S.
Linda Bergkamp
Phone: +1-480-614-3004
Email: [email protected]



Fortuna to present at Mining Forum Americas 2025 in Colorado Springs, USA

VANCOUVER, British Columbia, Sept. 02, 2025 (GLOBE NEWSWIRE) — Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce that it will be attending Mining Forum Americas, which is being held at the Broadmoor Hotel & Resort in Colorado Springs, USA, from September 14 to 17, 2025.

Jorge A. Ganoza, President, Chief Executive Officer, and co-founder of Fortuna will be presenting on Monday, September 15 at 11:00 a.m. Mountain Daylight Time in the Bartolin Hall: Stage 2. You can view the presentation live by visiting: americas.miningforum.com/member-webcast/3977/

About Mining Forum Americas

Mining Forum Americas is the world’s oldest and largest gathering of precious commodity equities matched with their investors. Presented yearly since 1989, it showcases seven-eighths of the world’s publicly traded gold and silver companies when measured by production or reserves. More information can be found at americas.miningforum.com

About Fortuna Mining Corp.

Fortuna Mining Corp. is a Canadian precious metals mining company with three operating mines and a portfolio of exploration projects in Argentina, Côte d’Ivoire, Mexico, and Peru, as well as the Diamba Sud Gold Project in Senegal. Sustainability is at the core of our operations and stakeholder relationships. We produce gold and silver while creating long-term shared value through efficient production, environmental stewardship, and social responsibility. For more information, please visit our website at www.fortunamining.com

Carlos Baca

Vice President, Investor Relations
Fortuna Mining Corp.

Investor Relations:

Carlos Baca | [email protected] | fortunamining.com | X | LinkedIn | YouTube

A PDF accompanying this announcement is available at: 
http://ml.globenewswire.com/Resource/Download/2b28b3c8-80cd-4314-8f45-88643cf67935



$152 Billion and Rising: New Report Shows Insurance Industry Facing Growing Average Annual Losses from Natural Catastrophes

Modeled non-crop property & casualty losses rose 25 percent compared to 2024, with severe thunderstorms and other frequency perils accounting for two thirds of total potential losses, according to Verisk

JERSEY CITY, N.J., Sept. 02, 2025 (GLOBE NEWSWIRE) — Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today revealed that the global modeled insured average annual property loss (AAL) from natural catastrophes has risen to $152 billion. This means that in any given year the insurance industry should now be prepared for total annual insured property losses from natural catastrophes that far exceed that amount, according to the latest annual report from Verisk’s Extreme Event Solutions business.

The 2025 Global Modeled Catastrophe Losses Report is an unparalleled piece of research in the industry. The annual report is informed by Verisk’s trusted suite of catastrophe models that are widely relied upon by global insurers and reinsurers across the industry for a forward-looking view of risk in the face of inflation, urban expansion, increasing event frequency and a changing climate.

The report notes a $32 billion increase in non-crop global modeled insured AAL over 2024, which reflects the upward trend in catastrophe losses experienced on a global scale. Over the past five years, insured losses have averaged $132 billion per year, compared to $104 billion in the preceding five-year period. Severe thunderstorms, winter storms, wildfires, and inland flood – also known as frequency perils, since they take place relatively ofen compared to larger events like tropical cyclones and earthquakes – now account for two thirds ($98 billion) of the total modeled AAL. 

Financial Impact of Frequency Perils Outpace Risk from Large Events by 2 to 1

Severe thunderstorms, winter storms, wildfires, and inland flood – also known as frequency perils, since they take place relatively ofen compared to larger events like tropical cyclones and earthquakes – now account for two thirds ($98 billion) of the total modeled AAL. 

“This year’s modeled losses reflect a fundamental shift in the risk landscape. Frequency perils are driving sustained, high-impact losses across geographies, and insurers must evolve their strategies to meet this challenge head-on,” said Rob Newbold, president of Verisk Extreme Event Solutions. “Natural catastrophe losses are no longer statistical anomalies—they are the new normal. Our models are designed to help the industry anticipate and absorb these shocks with confidence.”

More Key Findings – By the Numbers

  • Exposure growth accelerates: Property exposure in Verisk-modeled countries grew 7 percent annually from 2020–2024, driven by inflation and construction in high-hazard areas.
  • Climate change signal: Approximately 1 percent of year-on-year AAL increases are attributable to long-term climate effects.
  • Protection gap persists: In Asia and Latin America, insured losses account for only 12 percent and 32 percent of economic losses, respectively, compared to 48 percent in North America.

Regional Insights

  • North America: High insurance penetration, but wildfire risk continues to escalate. The 2025 Palisades and Eaton fires caused up to $65 billion in economic losses, with 60–70 percent insured.
  • Asia & Latin America: Significant protection gaps remain, with low insurance take-up rates despite increasing exposure and urbanization.
  • Europe & Oceania: Exposure growth driven by inflation and urban expansion, with annual growth rates exceeding 8 percent in some regions.
    Modeling Innovations & Regulatory Milestones

Verisk introduced new inland flood models for Malaysia, Indonesia, and Ireland, and updated models for Australia (bushfire), Mexico (earthquake), UK (flood), U.S. (severe thunderstorm) and South Korea (typhoon).

The Verisk Wildfire Model for the United States became the first catastrophe model to complete evaluation under California’s new PRID framework, supporting broader insurance availability in wildfire-prone areas.

Newbold concluded, “The report emphasizes the need for insurers and reinsurers to adopt forward-looking risk models that reflect today’s built environment and climate realities. Verisk’s catastrophe models, used with Touchstone and Touchstone Re, help companies benchmark potential losses and manage catastrophe risk with confidence.”

View the full report: Verisk Modeled Insured Catastrophe Losses: A Global Perspective for 2025

Verisk Extreme Event Solutions offers a global suite of catastrophe models that cover more than 120 countries and territories, capturing the risk from global natural catastrophes and man-made events, including terrorism and extreme casualty catastrophes. Insurance, reinsurance, financial, corporate and government clients rely on Verisk’s advanced science, software and consulting services for catastrophe risk management, insurance-linked securities and agricultural risk management. These solutions enable clients to make informed decisions and help people, businesses and communities build resilience against potential disasters.

About Verisk

Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom.

Attachments



Mary Keller
Verisk
339-832-7048
[email protected]

Citi Whitepaper: Global Post-Trade Industry Poised for Further Transformation Driven by Digital Assets, Accelerated Settlements and the Adoption of AI

Citi Whitepaper: Global Post-Trade Industry Poised for Further Transformation Driven by Digital Assets, Accelerated Settlements and the Adoption of AI

Key Highlights:

  • Citi’s latest “Securities Services Evolution” whitepaper details how digital assets, accelerated settlements and AI adoption are expected to drive quicker transformation of the post-trade industry.

  • Among the whitepaper’s key findings, 10% of global market turnover is expected to be tokenized by 2030. 76% of respondents are actively working on T+1 initiatives in 2025.

  • With change on the horizon, Citi is empowering clients to seize opportunities and deliver value through its digital and data solutions.

LONDON–(BUSINESS WIRE)–
Citi’s latest “Securities Services Evolution” whitepaper details how the global post-trade industry is poised for further transformation in speed, resilience and the cost of trade processing. Following years of groundwork, market participants are now focused on execution, and the delivery of initiatives to drive heightened efficiencies and innovation.

Citi’s fifth and latest edition of the annual whitepaper polled 537 industry leaders – the largest participation so far in the series – and for the first time includes a perspective on the role of GenAI and views on its adoption. The 537 participants include leaders from financial market infrastructures (FMIs), custodians, banks, broker-dealers, asset managers and institutional investors, and the whitepaper includes qualitative insights from 13 FMIs.

Key findings from the whitepaper include:

  • Bank-Issued Stablecoins as a Key Enabler: 10% of market turnover is expected to be conducted using digital assets and tokenized securities by 2030, with bank-issued stablecoins identified as the main enabler to support collateral efficiency, fund tokenization and private market securities.
  • Cumulative Workload of Accelerated Settlements: The cumulative workload of T+1 is significant with a historical high in settlement acceleration workload. A majority 76% are actively working on T+1 initiatives in 2025. 48% of respondents are still running projects to optimize their internal processes for North American T+1 settlements.
  • Automation is critical to T+1 in UK and Europe: As focus on T+1 readiness shifts towards the UK and Europe, automation will be paramount. For both transitions, improved internal operational processes, harmonization of industry and regulatory standards, upgrading or re-platforming legacy technology, and extending operating deadlines and hours for settlement infrastructure were cited as the top enablers.
  • GenAI Use in Post-Trade Operations: 86% of respondents said their firms are piloting the use of GenAI with client onboarding as the key use case for asset managers, custodians and broker-dealers. 57% indicated that their organizations are piloting the technology for post-trade specifically, and buy-side firms leading the way for GenAI use in the back office. 67% of institutional investors are using GenAI for post-trade reconciliation and reporting, and clearing and settlements, respectively.
  • Asia Pacific Leads in Digital Asset Adoption: Asia Pacific has led the path of digital asset adoption on the back of extensive retail take up of cryptocurrencies and regulatory efforts to move digital asset projects into deployment.

Chris Cox, Head of Investor Services, Citi, said, “From accelerated settlements to automation in asset servicing, and increased shareholder participation and governance, the collective vision of firms worldwide is converging on the same core themes. The industry is at the cusp of significant change as market participants intensify their focus on T+1, accelerate the adoption of digital assets, and implement GenAI across their operations. At Citi, we are not just observing these shifts. We are actively empowering our clients to seize opportunities and deliver value through the strategic deployment of our digital and data solutions.”

Amit Agarwal, Head of Custody at Citi, added, “The accelerating shift towards digital assets and GenAI are clear signals that clients are future proofing their businesses and operating models. As the whitepaper suggests, custodians are expected to be the largest agents of securities tokenization for network use by 2030, and are well-placed to do so as part of their safekeeping role. As digital and traditional assets converge, Citi is developing innovative capabilities and solutions to address the growing demand for digital asset custody services.”

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

Citi Media Contacts:

Harsha Jethnani [email protected]

Ai Li She [email protected]

KEYWORDS: Europe Ireland United Kingdom

INDUSTRY KEYWORDS: Technology Finance Fintech Banking Business Professional Services Digital Cash Management/Digital Assets Asset Management Artificial Intelligence

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SS&C Technologies To Acquire Curo Fund Services

SS&C Technologies To Acquire Curo Fund Services

The acquisition will grow SS&C’s fund administration business in South Africa

WINDSOR, Conn.–(BUSINESS WIRE)–SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the acquisition of Curo Fund Services, a leading South African provider of fund administration solutions, from a joint venture between Sanlam and Old Mutual. The transaction is subject to approval by the South African Competition Commission. Terms of the deal were not disclosed.

Curo Fund Services administers more than R 3 trillion (USD 170.4 billion) in assets and services Sanlam, Old Mutual and third-party institutional clients. Around 300 employees will join SS&C in Cape Town following the close of the transaction. Curo Fund Services already leverages several of SS&C’s fund accounting and asset servicing technologies.

The transaction will not affect Curo’s existing client administration arrangements. SS&C’s global scale and expertise will enable enhanced solutions and improved service delivery. All parties are committed to ensuring a seamless transition.

“Curo brings deep client relationships and a proven service track record,” said Bill Stone, Chairman and CEO, SS&C. “Together, we will deliver greater efficiency, data-driven insights, and integrated services for the region’s insurers, asset managers and institutional investors.”

Independently owned by SS&C, Curo will join the Global Investor & Distribution Solutions (GIDS) group led by Nick Wright. This independence provides South African clients with access to a globally scaled technology and services provider, offering enhanced neutrality, innovation, and flexibility. Coupled with SS&C’s automation, data, and operational expertise, Curo is positioned to expand its fund administration offerings, grow market share, and accelerate growth across South Africa and the African continent.

“We are proud to be joining the SS&C family,” said Lionel Vice, CEO of Curo Fund Services. “This partnership allows us to accelerate our innovation journey and offer a more robust and comprehensive suite of solutions to our clients while continuing to grow our business. SS&C’s global expertise, commitment to service excellence, and focus on developing the local market align strongly with Curo’s purpose and vision.”

About Curo

Curo Fund Services is a South African-based fund administrator servicing more than R 3 trillion in assets on behalf of a wide range of financial services clients. With deep industry expertise and a strong record of operational delivery, Curo provides asset managers, investment platforms, and institutional investors with comprehensive fund accounting, investor administration, and regulatory reporting services.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.

Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.

Follow SS&C on X, LinkedIn and Facebook.

For more information

Brian Schell

Chief Financial Officer

SS&C Technologies

Tel: +1-816-642-0915

E-mail: [email protected]

Justine Stone

Investor Relations

SS&C Technologies

Tel: +1-212-367-4705

E-mail: [email protected]

Media Contacts

Sam Gentile

Tel : +1-646-818-9195

E-mail : [email protected]

KEYWORDS: Africa United States South Africa North America Connecticut

INDUSTRY KEYWORDS: Software Data Analytics Finance Asset Management Data Management Professional Services Technology Fintech

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SAP Deepens European Cloud Sovereignty Offering to Unlock Regional AI Innovation

PR Newswire

Decades of SAP’s experience in securing mission-critical operations now powers the demands of sovereignty, regulation, and AI-driven growth

WALLDORF, Germany, Sept. 2, 2025 /PRNewswire/ — SAP SE (NYSE: SAP) today announced a comprehensive new approach to digital sovereignty and AI innovation. Expanded offerings within the SAP Sovereign Cloud portfolio give European customers access to a comprehensive technology stack, including SAP Cloud Infrastructure and SAP Sovereign Cloud On-Site. With the announcement, SAP sets a new standard for secure, compliant, and scalable innovation, reinforcing digital sovereignty as a core element of Europe’s technological resilience and strategic autonomy.  

“Europe’s leadership in the next era of digital innovation—especially in AI—will depend on how effectively we apply AI to solve differentiated industry use cases,” said Thomas Saueressig, Member of the Executive Board of SAP SE, Customer Services & Delivery. “With our expanded SAP Sovereign Cloud offering, SAP is unlocking access to the full spectrum of cloud innovations and AI capabilities for all markets and industries—including the public sector and regulated environments—while ensuring these advancements are delivered in a sovereign framework and on customers’ own terms.”

Deployment choices for every security profile

With the expansion of SAP Sovereign Cloud, customers can choose from new deployment models that offer control across infrastructure, platform, and software tailored to their specific regulatory and operational needs. This flexibility enables organizations to innovate securely and in compliance with local laws while maintaining the freedom to scale on their own terms. SAP Sovereign Cloud solutions are available on:

  • SAP Cloud Infrastructure (in Europe): SAP Cloud Infrastructure is SAP’s Infrastructure-as-a-Service (IaaS) platform that is developed and operated with open-source technologies within SAP’s data center network. All data is stored within the EU to maintain compliance with European data protection regulations.
  • SAP Sovereign Cloud On-Site: SAP offers SAP-operated infrastructure within a customer-owned or customer-selected data center. This solution delivers the highest levels of data, operational, technical, and legal sovereignty while maintaining SAP cloud innovation and architecture.

  • Delos Cloud:
     SAP offers Delos Cloud in Germany, a secure and sovereign cloud that supports the flexible and rapid transformation of the public sector, to meet country-specific sovereignty requirements.

Long-term Investment in Europe’s digital resilience

With a long-term investment of more than €20 billion Euros, SAP is making digital sovereignty a strategic priority. This commitment reflects SAP’s determination to support Europe’s digital autonomy through more secure, local, and regulation-compliant cloud solutions tailored to the public sector and highly regulated industries.

With SAP Sovereign Cloud, customers not only gain infrastructure control but also unlock the full potential of cloud solutions from SAP. The offering enables organizations to run their SAP Business Suite in sovereign environments while benefiting from continuous innovation cycles, including SAP Business Technology Platform (SAP BTP) and embedded SAP Business AI capabilities. This helps ensure that customers can innovate more securely and locally without compromising on the pace or depth of transformation.

“The digital resilience of Europe depends on sovereignty that is secure, scalable and future-ready,” said Martin Merz, President, SAP Sovereign Cloud. “SAP’s full-stack sovereign cloud offering delivers exactly that, giving customers the freedom to choose their deployment model while helping ensure compliance up to the highest standards.”

Today, SAP Sovereign Cloud is available in multiple countries with substantial additions to come, supported by hundreds of localized delivery experts and a broad set of certifications. The offer helps ensure full-stack sovereignty across data, operational, technical, and legal dimensions, empowering customers to maintain control, meet regulatory requirements, and innovate with confidence.

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About SAP

As a global leader in enterprise applications and business AI, SAP (NYSE:SAP) stands at the nexus of business and technology. For over 50 years, organizations have trusted SAP to bring out their best by uniting business-critical operations spanning finance, procurement, HR, supply chain, and customer experience. For more information, visit www.sap.com.

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