Market Newsdesk

March 13, 2025 4:37 pm

Inspira Technologies Receives Nasdaq Notification Regarding Minimum Bid Requirement

PR Newswire

RA’ANANA, Israel, March 13, 2025 /PRNewswire/ — Inspira™ Technologies OXY B.H.N. Ltd. (Nasdaq: IINN) (“Inspira” or the “Company”), a pioneer in innovative life-support and diagnostic technologies, today announced that on March 10, 2025, the Company received a written notice (the “Notice”) from the Nasdaq Stock Market LLC indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the Company’s closing bid price for its ordinary shares, or Ordinary Shares, was below $1.00 per share for the last 30 consecutive business days.

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until September 8, 2025, to regain compliance with the minimum bid price requirement. To regain compliance, the closing bid price of the Ordinary Shares must meet or exceed $1.00 per share for at least 10 consecutive business days during the 180-calendar day compliance period.

If the Company is not in compliance by September 8, 2025, the Company may be afforded a second 180-calendar day compliance period. To qualify for this additional time, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the minimum bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effectuating a revere share split, if necessary. If the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s Ordinary Shares will be subject to delisting.

The Company intends to monitor the closing bid price of its Ordinary Shares between now and September 8, 2025, and intends to consider available options to cure the deficiency and regain compliance with the minimum bid price requirement within the compliance period. The Company’s Ordinary Shares will continue to be listed and trade on the Nasdaq Capital Market during this period, and are unaffected by the receipt of the written notice from Nasdaq.

This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.

About Inspira Technologies

Inspira Technologies is developing innovative respiratory support and diagnostics technologies. The Company’s flagship INSPIRA ART system aims to revolutionize critical care by enabling patients to remain awake during treatment while stabilizing oxygen levels without mechanical ventilation. The FDA-cleared INSPIRA ART100 system has received regulatory approvals for Cardiopulmonary Bypass procedures in both the U.S. and for Cardiopulmonary Bypass procedures and Extra Corporeal Membrane Oxygenation in Israel. The Company’s HYLA™ blood sensor technology is designed to provide continuous, real-time blood monitoring without the need for blood draws. The Company’s pipeline products, including the INSPIRA ART (Gen 2), INSPIRA Cardi-ART, and HYLA blood sensor, are currently in development and have not yet received regulatory approval.

For more information, visit: https://inspira-technologies.com.

Forward-Looking Statement Disclaimer

This press release contains express or implied forward-looking statements pursuant to U.S. Federal securities laws. These forward-looking statements are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, the Company is using forward-looking statements when it discusses regaining compliance with Nasdaq’s continued listing requirements, and the timing and effect thereof. These forward-looking statements and their implications are based solely on the current expectations of the Company’s management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website at www.sec.gov.

Company Contact

Inspira Technologies – Media Relations
Email: [email protected]
Phone: +972-9-9664485

Capital Markets & Investor Contact

Arx | Capital Markets Advisors
North American Equities Desk
[email protected]

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SOURCE Inspira Technologies

March 13, 2025 4:36 pm

DallasNews Corporation Closes Sale of its North Plant Printing Facility in Plano, TX

DALLAS, March 13, 2025 (GLOBE NEWSWIRE) — DallasNews Corporation (Nasdaq: DALN) (the “Company” or “DallasNews Corp.”) today announced that it has closed on the sale of its Plano, TX printing facility for total proceeds of $43,500,000. The Company originally announced the sale on December 16, 2024, consistent with its commitment to streamline printing operations into a smaller, leased facility in Carrollton, Texas.

DallasNews Corp. plans to use a portion of the proceeds from the sale to voluntarily fully fund the Company’s pension liabilities – eliminating what the Company views as debt.

Grant Moise, DallasNews Corp.’s Chief Executive Officer, stated, “We are very pleased with the financial outcome from the sale of our Plano facility. This is an important milestone in our Return to Growth Plan and the additional value of voluntarily fully-funding our pension plan brings certainty regarding retirement benefits for more than 1,300 current and former employees.”

Moving forward, Dallas, Texas-based Denago EV – a leading pioneer in the Low Speed Vehicles (LSVs) and cutting-edge golf cart technologies – will utilize the former Dallas Morning News facility in Plano as its Southern U.S. production and manufacturing base.

About

DallasNews

Corporation

DallasNews Corporation is the Dallas-based holding company of The Dallas Morning News and Medium Giant.

The Dallas Morning News
, Texas’ leading daily newspaper, is renowned for its excellent journalistic reputation, intense regional focus, and close community ties. As a testament to its commitment to quality journalism, the publication has been honored with nine Pulitzer Prizes.

Medium Giant, an integrated creative marketing agency with offices in Dallas and Tulsa, works with a roster of premium brands and companies. In 2024, the agency earned top industry recognition, winning an AAF Addy and the AMA DFW Annual Marketer of the Year Award for Campaign of the Year, along with six prestigious Davey Awards. Medium Giant is a wholly owned business of DallasNews Corporation. For additional information, visit mediumgiant.co.

Statements in this communication concerning the Company’s planned use of the proceeds from the sale of its Plano, TX printing facility, the Company’s planned transition of print operations and other financial and non-financial items that are not historical facts are “forward-looking statements” as the term is defined under applicable federal securities laws. Words such as “anticipate,” “assume,” “believe,” “can,” “could,” “estimate,” “forecast,” “intend,” “expect,” “may,” “project,” “plan,” “seek,” “should,” “target,” “will,” “would” and their opposites and similar expressions are intended to identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements. Such risks, trends and uncertainties are, in most instances, beyond the Company’s control, and include changes in advertising demand and other economic conditions; the timeline for transitioning print operations; consumers’ tastes; newsprint and distribution prices; program costs; the Company’s ability to successfully execute the Return to Growth Plan; the Company’s ability to maintain compliance with the continued listing requirements of The Nasdaq Capital Market; the success of the Company’s digital strategy; labor relations; cybersecurity incidents; and technological obsolescence. Among other risks, there can be no guarantee that the Company’s board of directors will approve a quarterly dividend in the future or that the Company’s financial projections are accurate,
as well as other risks described in the Company’s Annual Report on Form 10-K and in the Company’s other public disclosures and filings with the Securities and Exchange Commission. Forward-looking statements, which are as of the date of this communication, are not updated to reflect events or circumstances after the date of the statement.

Contact:
Katy Murray
214-977-8869
[email protected]

March 13, 2025 4:36 pm

Host Hotels & Resorts Announces First Quarter 2025 Earnings Call to be Held on May 1, 2025

BETHESDA, Md., March 13, 2025 (GLOBE NEWSWIRE) — Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation’s largest lodging real estate investment trust, will report first quarter 2025 financial results on Wednesday, April 30, 2025, after the market close.

The Company will hold a conference call to discuss its first quarter 2025 results and business outlook on Thursday, May 1, 2025, at 11:00 a.m. ET. Conference call access information is as follows:

Conference Call:

USA/Canada Toll Free Number		888-500-3691
International Toll Number		646-307-1951
Conference ID		71987

A simultaneous webcast of the call will be available on the Company’s website at www.hosthotels.com.

A replay of the call will be available Thursday, May 1, 2025, until Wednesday, July 30, 2025, via webcast on the Company’s website.

ABOUT HOST HOTELS & RESORTS

Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 76 properties in the United States and five properties internationally totaling approximately 43,400 rooms. The Company also holds non-controlling interests in seven domestic and one international joint ventures.

SOURAV GHOSH

Chief Financial Officer
(240) 744-5267

JAIME MARCUS

Investor Relations
(240) 744-5117
[email protected]

March 13, 2025 4:36 pm

Ribbon Acquisition Corp Announces the Separate Trading of its Ordinary Shares and Rights

New York, New York, March 13, 2025 (GLOBE NEWSWIRE) — Ribbon Acquisition Corp (NASDAQ: RIBBU) (the “Company”) announced that, holders of the 5,000,000 units sold in the Company’s initial public offering may elect to separately trade the ordinary shares and rights included in the units, with such trading having commenced on March 7, 2025. Any units not separated will continue to trade on the Nasdaq Capital Market (the “Nasdaq”) under the symbol “RIBBU,” and the separated ordinary shares and rights are expected to trade on the Nasdaq under the symbols “RIBB” and “RIBBR,” respectively. Unitholders will need to have their brokers contact Odyssey Trust Company, the Company’s transfer agent, in order to separate the units into ordinary shares and rights.

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

About Ribbon Acquisition Corp

Ribbon Acquisition Corp is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

The Company is led by Mr. Angshuman (Bubai) Ghosh, the Company’s Chief Executive Officer, and Ms. Zhiyang (Anna) Zhou, the Company’s Chief Financial Officer.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the separation and trading of the Company’s securities and search for an initial business combination. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact:

Ribbon Acquisition Corp
Anna Zhou
Chief Financial Officer
Email: [email protected]

March 13, 2025 4:36 pm

Coeur to Participate in Upcoming 37th Annual Roth Conference

Coeur to Participate in Upcoming 37^th Annual Roth Conference

CHICAGO–(BUSINESS WIRE)–
Coeur Mining, Inc.’s (“Coeur” or the “Company”) (NYSE: CDE) Senior Vice President and Chief Financial Officer, Thomas S. Whelan, will participate in the 37th Annual Roth Conference on Monday, March 17, 2025.

The 37th Annual Roth Conference is an invitation-only investment conference. Presentation materials will be made available on the Company’s website at www.coeur.com.

About Coeur

Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Las Chispas silver-gold mine in Sonora, Mexico, the Palmarejo gold-silver complex in Chihuahua, Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska and the Wharf gold mine in South Dakota. In addition, the Company wholly-owns the Silvertip polymetallic critical minerals exploration project in British Columbia.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250313623472/en/

For Additional Information

Coeur Mining, Inc.

200 S. Wacker Drive, Suite 2100

Chicago, Illinois 60606

Attention: Jeff Wilhoit, Senior Director, Investor Relations

Phone: (312) 489-5800

www.coeur.com

KEYWORDS: Africa Australia/Oceania United States Canada North America Australia Idaho Nevada Alaska Colorado Illinois

INDUSTRY KEYWORDS: Natural Resources Other Natural Resources Mining/Minerals

MEDIA:

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March 13, 2025 4:36 pm

Faraday Future Announces First Lease of an FF 91 2.0 Futurist Alliance and Official Entry in the New York Market, With the Scheduled Delivery to Occur End of March

Faraday Future Announces First Lease of an FF 91 2.0 Futurist Alliance and Official Entry in the New York Market, With the Scheduled Delivery to Occur End of March

Delivery to Univest Securities, an investment bank based in New York City, is scheduled for the end of March.
Lays the groundwork for the FF 91 2.0 Futurist Alliance (“FF 91 2.0”) as well as the potential for future mass-produced Faraday X (“FX”) models in the East Coast market.

LOS ANGELES–(BUSINESS WIRE)–
Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) (“FF”, “Faraday Future”, or the “Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that Univest Securities, LLC, a boutique investment banking firm located in New York City, has signed a leasing contract for an FF 91 2.0. This paves the way for both FF as well as the potential for future FX models in the East Coast, which includes the world’s leading financial hub. This first New York delivery to Univest is scheduled to occur by the end of this March.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250313534334/en/

Faraday Future Announces First Lease of an FF 91 2.0 Futurist Alliance and Official Entry in the New York Market, With the Scheduled Delivery to Occur End of March. (Photo: Business Wire)

This marks FF’s official entry into the East Coast market and also serves as a strategic foundation for FF’s future market expansion, potentially opening doors to a broader high-end user base in the area.

The New York State market represents a growth opportunity for both FF and, eventually, FX, given its status as one of the world’s largest and most influential economic hubs as well as a growth market for EVs. Expanding into this market could not only enable FF and FX to establish and strengthen their positions within the U.S. EV industry but also increase brand visibility. FF is working closely with stakeholders to refine Company offerings and ensure the best services are provided to customers.

“The East Coast market represents a significant opportunity for both FF and our future FX brand, and we are excited that Univest has both joined the FF family and will also help us establish a presence in New York and on Wall Street,” said Matthias Aydt, Global CEO of Faraday Future. “This is not just another sale for the Company, it is a milestone—placing our first car in New York lays the foundation for not only additional sales of the FF 91 2.0 but also for potential future FX models.”

ABOUT FARADAY FUTURE

Faraday Future is a California-based global shared intelligent electric mobility ecosystem company. Founded in 2014, the Company’s mission is to disrupt the automotive industry by creating a user-centric, technology-first, and smart driving experience. Faraday Future’s flagship model, the FF 91 2.0 Futurist Alliance, exemplifies its vision for luxury, innovation, and performance. The new FX strategy aims to introduce mass production models equipped with state-of-the-art luxury technology similar to the FF 91 2.0, targeting a broader market with middle-to-low price range offerings. For more information, please visit https://www.ff.com/us/.

FORWARD LOOKING STATEMENTS

This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding starting vehicle leasing and opening an office in the New York Metro area, expanding its footprint, and developing the FX brand, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: the Company’s ability to timely complete and release the vehicle intended for Univest Securities; the Company’s ability to secure a lease on terms that it believes are reasonable; the Company’s ability to financially support an office in the New York Metro area; the ability to comply with New York rules and regulations around automobile sales, leasing and servicing rules and regulations; the Company’s reliance on third parties for vehicle sales, leasing and servicing efforts in New York State; the Company’s ability to secure the necessary funding to execute on the FX strategy, which will be substantial; the Company’s ability to secure necessary agreements to license and/or produce FX vehicles none of which have been secured; the Company’s ability to homologate FX vehicles for sale; the Company’s ability to secure necessary permits at its Hanford, CA production facility; the Company’s ability to continue as a going concern and improve its liquidity and financial position; and the Company’s ability to pay its outstanding obligations. You should carefully consider the foregoing factors, and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K filed with the SEC on May 28, 2024, as amended on May 30, 2024, and June 24, 2024, as updated by the “Risk Factors” section of the Company’s first quarter 2024 Form 10-Q filed with the SEC on July 30, 2024, and other documents filed by the Company from time to time with the SEC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250313534334/en/

Investors (English): [email protected]

Investors (Chinese): [email protected]

Media: [email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Vehicle Technology EV/Electric Vehicles Automotive Alternative Vehicles/Fuels

MEDIA:

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Faraday Future Announces First Lease of an FF 91 2.0 Futurist Alliance and Official Entry in the New York Market, With the Scheduled Delivery to Occur End of March. (Photo: Business Wire)

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March 13, 2025 4:36 pm

Pagaya Closes New AAA-Rated $500 Million Consumer Loan ABS Deal

8th consecutive AAA-Rated Personal Loan ABS transaction
Pagaya remains the #1 ABS issuer of personal loans in the U.S.

NEW YORK–(BUSINESS WIRE)–
Pagaya Technologies LTD. (NASDAQ: PGY) (“Pagaya” or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced the closing of a $500 million AAA-rated personal loan ABS transaction (PAID 2025-2).

Since 2018, Pagaya has raised over $27 billion across 67 ABS transactions to fund loan originations across multiple products, including personal loan and auto.

“As the leading ABS issuer of personal loans in the US, and with our AAA-rated transactions, we continue to see demand from investors who appreciate Pagaya’s track record of stable asset performance,” said Sahil Chandiramani, Pagaya’s Head of Capital Markets. “We’re executing at a continued declining cost of capital and with more efficient structures, which significantly reduces our risk retention levels.”

About Pagaya Technologies

Pagaya (NASDAQ: PGY) is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes the financial services ecosystem. By using machine learning, a vast data network and an AI-driven approach, Pagaya provides comprehensive consumer credit and residential real estate products for its partners, their customers, and investors. Its proprietary API and capital solutions integrate into its network of partners to deliver seamless user experiences and greater access to the mainstream economy. Pagaya has offices in New York and Tel Aviv. For more information, visit pagaya.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250313067129/en/

Investors & Analysts

[email protected]

Media & Press

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Professional Services Data Management Technology Finance Fintech Artificial Intelligence

MEDIA:

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March 13, 2025 4:35 pm

Nutrien Releases 2024 Sustainability Report

Nutrien Releases 2024 Sustainability Report

SASKATOON, Saskatchewan–(BUSINESS WIRE)–
Nutrien Ltd. (TSX and NYSE: NTR) released its 2024 Sustainability Report today, detailing company performance and providing an update on its sustainability initiatives.

The 2024 Sustainability Report can be reviewed and downloaded from the Sustainability section of Nutrien’s website at https://www.nutrien.com/sustainability/sustainability-highlights.

About Nutrien

Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250313886083/en/

FOR FURTHER INFORMATION:

Jeff Holzman

Vice President, Investor Relations

(306) 933-8545

Contact us at: www.nutrien.com

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Sustainability Agriculture Natural Resources Environment

MEDIA:

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March 13, 2025 4:35 pm

KKR Appoints Timothy R. Barakett to Board

KKR Appoints Timothy R. Barakett to Board

NEW YORK–(BUSINESS WIRE)–
KKR & Co. Inc. (NYSE: KKR) today announced that Timothy R. Barakett has been appointed to the Board of Directors effective March 13, 2025. His appointment will bring the number of independent directors to ten out of a total of fourteen Board seats.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250313966947/en/

Timothy R. Barakett (Photo: Business Wire)

Mr. Barakett is the Founder and Chief Executive Officer of TRB Advisors, a private investment firm and family office. Prior to founding TRB Advisors in 2010, Mr. Barakett was the Founder and Chief Executive Officer of Atticus Capital, a global investment management firm. Mr. Barakett is the Treasurer of Harvard University, a Fellow of the Harvard Corporation, and the Chair of the Board of the Harvard Management Company. He also serves on the Boards of Directors of Athletic Brewing Company and Rethink Food NYC and the Advisory Boards of Commodore Capital, Forward Consumer Partners, and Charter Oak Advisors.

In addition to Mr. Barakett, KKR’s current Board members are: Henry Kravis (Co-Founder and Co-Executive Chairman of KKR), George Roberts (Co-Founder and Co-Executive Chairman of KKR), Joseph Bae (Co-Executive Officer of KKR), Scott Nuttall (Co-Chief Executive Officer of KKR), Adriane Brown (Managing Partner of Flying Fish Partners), Matthew Cohler (former General Partner of Benchmark), Mary Dillon (President and Chief Executive Officer of Foot Locker), Arturo Gutiérrez Hernández (Chief Executive Officer of Arca Continental), Xavier Niel (Founder and Chairman of the Board of Iliad), Patricia Russo (former Chief Executive Officer of Alcatel-Lucent), Kimberly Ross (former Chief Financial Officer of WeWork and Baker Hughes), Robert Scully (former member of the Office of the Chairman of Morgan Stanley), and Evan Spiegel (Co-Founder and Chief Executive Officer of Snap).

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250313966947/en/

Investor Relations:

Craig Larson

+1 (877) 610-4910 (U.S.) / +1 (212) 230-9410

[email protected]

Media:

Kristi Huller or Julia Kosygina

+1 (212) 750-8300

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Banking Asset Management Professional Services Finance

MEDIA:

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Timothy R. Barakett (Photo: Business Wire)

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March 13, 2025 4:35 pm

Western Digital Announces Senior Notes Redemption

Western Digital Announces Senior Notes Redemption

SAN JOSE, Calif.–(BUSINESS WIRE)–
Western Digital Corporation (Nasdaq: WDC) announced today that it will redeem $1,800,000,000 aggregate principal amount of its 4.750% Senior Notes due 2026 (the “Notes”).

The redemption date for the Notes is April 14, 2025 (the “Redemption Date”). The Notes will be redeemed on the Redemption Date at a redemption price equal to 100% of the principal amount being redeemed, together with any applicable premium as of, and any accrued and unpaid interest, if any, up to, but excluding, the Redemption Date, in accordance with the terms of the Notes and the applicable indenture governing such Notes. As of the Redemption Date, the applicable premium on the Notes to be redeemed is zero, and after the Redemption Date, interest on each Note to be redeemed will cease to accrue. Upon completion of the Redemption, $500,000,000 aggregate principal amount of the Notes will remain outstanding.

A notice of redemption is being sent by the trustee for the Notes to all currently registered holders of such Notes. This press release does not constitute a notice of redemption under the indenture governing the Notes.

About Western Digital

Western Digital empowers the systems and people who rely on data. Consistently delivering massive capacity, high quality and low TCO, Western Digital is trusted by hyperscale cloud providers, enterprise data centers, content professionals and consumers around the world. Core to its values, the company recognizes the urgency to combat climate change and is on a mission to design storage technologies that not only meet today’s data demands but also contribute to a more climate-conscious future. Follow Western Digital on LinkedIn and learn more at www.westerndigital.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. Although we believe that our expectations are based upon reasonable assumptions, no assurance can be given that our goals will be achieved, including statements regarding the terms and timing of the redemption of the Notes. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the company’s most recent Annual Report on Form 10-K and the Quarterly Reports on Form 10-Q, filed with the Securities Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to update or revise these forward-looking statements to reflect new information or events, except as required by law.

© 2025 Western Digital Corporation or its affiliates. All rights reserved. Western Digital, the Western Digital design, and the Western Digital logo are registered trademarks or trademarks of Western Digital Corporation or its affiliates in the US and/or other countries. All other marks are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250313010740/en/

Western Digital Investor Relations

[email protected]

Western Digital Media Relations

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Semiconductor Data Management Consumer Electronics Technology Internet Hardware

MEDIA: