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VivoPower to Procure Underlying 211 million XRP Position Worth $696 million Through Budgeted Initial $100 million Acquisition of Ripple Shares

Backed by investors including Andreessen Horowitz and Google Ventures, Ripple Labs (Ripple) holds 41 billion XRP tokens, representing approximately 41% of all XRP tokens on issue 

VivoPower will become the first and only U.S.-listed company to provide exposure to Ripple

For $10 million of Ripple shares acquired, an estimated $5.15 of value per share could accrete to VivoPower

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LONDON, Aug. 11, 2025 (GLOBE NEWSWIRE) — VivoPower International PLC (Nasdaq: VVPR) (“VivoPower” or the “Company”) today announced it is acquiring Ripple Labs (“Ripple”) shares, as part of a strategic enhancement to its XRP-focused digital asset treasury strategy. Following a two-month period of due diligence, VivoPower has budgeted to purchase an initial $100 million of privately held Ripple shares. This encompasses definitive agreements directly with current Ripple shareholders, which are subject to final approval from Ripple’s executive management. Aside from these transactions, VivoPower will continue to directly acquire and hold XRP tokens. Based on current market prices (which are subject to volatility and material change), a purchase of $100 million of Ripple shares translates into an underlying 211 million XRP token exposure with a current market value of $696 million.

Ripple minted a fixed 100 billion XRP tokens at inception and given there have been approximately 14 million XRP tokens burnt to date, the network is mildly deflationary. Ripple continues to hold 41 billion XRP tokens, primarily in escrow. In addition, Ripple has a number of operating businesses, including RLUSD, its stablecoin; the digital assets prime broker Hidden Road, MetaCo and the Standard Custody and Trust Company, as well as the recently acquired stablecoin payment platform company, Rail.

VivoPower will become the first and only publicly listed company in the United States that provides shareholders with exposure to Ripple shares as well as XRP tokens. On a weighted average basis, this dual-pronged strategy is intended to deliver an acquisition cost per XRP token that represents an exceptionally favorable discount to the market price of XRP. For $10 million of Ripple shares acquired, an estimated $5.15 per share of value accretion could accrue to VivoPower shareholders (this is based on factors including the current market prices of VVPR, XRP and weighted average purchase price of Ripple shares, all of which are subject to volatility and change).

Importantly, VivoPower will have a full and direct legal title of Ripple shares purchased and be recorded as a shareholder directly on Ripple’s cap table. VivoPower will not purchase any Ripple shares that are held in special-purpose vehicle structures (with embedded fees and costs). An independent auditor will conduct quarterly reviews of VivoPower’s Ripple shareholdings.

Kevin Chin, Executive Chairman and CEO of VivoPower, commented: “The opportunity to acquire Ripple shares and materially average down the acquisition price per XRP is in line with our objective of building a sustainable long-term treasury model that translates into substantial potential upside for shareholders. Our portfolio construction strategy is to buy a combination of Ripple shares and XRP tokens. This will allow us to optimize for yield maximization while also minimizing the weighted average cost of XRP acquired.”

Adam Traidman, former Ripple board member and Chairman of VivoPower’s Advisory Board, commented: “By purchasing Ripple shares, not only will VivoPower acquire XRP at valuations up to an 86% discount versus buying XRP outright on the market, we will also gain a stake in Ripple’s RLUSD stablecoin and its other business units, including Hidden Road, Rail and Metaco.”

Rationale for Purchase of Ripple Labs Shares

  • Ripple is the largest holder of XRP tokens, with 41 billion valued at $135 billion at the current XRP price;
  • VivoPower has the opportunity to acquire Ripple at a weighted average valuation of approximately $19 billion, representing an 86% discount to Ripple’s $135 billion holding of XRP tokens (assuming no value is ascribed to the rest of Ripple’s business units, including RLUSD, its stablecoin);
  • With an initial budgeted $100 million acquisition of Ripple shares, VivoPower would effectively be securing an underlying position of 211 million XRP tokens with a current market value of $696 million;
  • This infers that VivoPower would be buying XRP tokens at an implied price of $0.47 per XRP token (at current market prices which are subject to significant volatility, and assuming no value is ascribed to the rest of Ripple’s business units, including RLUSD, its stablecoin);
  • Ripple has a growing stablecoin business, RLUSD, for which it has recently partnered with BNY Mellon. A comparable business is the highly successful recent IPO of Circle Internet Group; and
  • In addition, Ripple has other business units, including a digital asset prime broker, Hidden Road and digital asset custodians being Metaco and the Standard Custody & Trust Company, as well as the recently acquired Rail, a stablecoin payment platform.

Digital Asset Infrastructure and Custody Partners

To support the execution and governance of its treasury strategy, VivoPower has engaged leading digital asset custodian and private market securities infrastructure providers, including BitGo and Nasdaq Private Market, LLC, the preferred partner of Ripple for transacting its shares. Securities-related services are offered through NPM Securities, LLC, a member of FINRA and SIPC. Nasdaq Private Market, LLC is operationally independent from Nasdaq Stock Market LLC.

About VivoPower

VivoPower International PLC (Nasdaq: VVPR) is undergoing a strategic transformation into the world’s first XRP-focused digital asset enterprise. The Company’s new direction centers on the acquisition, management, and long-term holding of XRP digital assets, including via Ripple shares as part of a diversified digital treasury strategy. Through this shift, VivoPower aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications.

Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. An award-winning global sustainable energy solutions B Corporation, VivoPower has two business units, Tembo and Caret Digital. Tembo is focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. Caret Digital is a power-to-x business focused on the highest and best use cases for renewable power, including digital asset mining.

Forward-Looking Statements

This communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterisations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission.

Note 1: certain assumptions were made to estimate the value accretion described in this document, including market prices for VivoPower and XRP, as well as the purchase price for Ripple shares. All of these are subject to significant volatility and hence actual value accretion may vary materially depending on the execution dates. Furthermore, approval of the sale of Ripple shares by Ripple management may not be forthcoming.

The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.

Contact 
Shareholder Enquiries 
[email protected]



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Neogen® Establishes Relationship with Biomatter

Neogen® Establishes Relationship with Biomatter

LANSING, Mich.–(BUSINESS WIRE)–
Neogen® Corporation (NASDAQ: NEOG), an innovative leader in food safety solutions, announced today that it has entered into an arrangement with Biomatter, a leading enzyme design company, to leverage Biomatter’s proprietary Intelligent Architecture™ platform and Neogen’s expertise in the field of analytical development and technology to create new enzyme-based products.

Biomatter’s Intelligent Architecture™ platform, based on AI and Physical modelling, enables the design of enzymes with unique capabilities, dramatically expanding how they can be used in food safety related applications.

“This relationship marks a significant step forward in advancing food security,” said Dr. Jason Lilly, Neogen’s Chief Scientific Officer. “By combining our leadership and innovation in food testing and risk mitigation with Biomatter’s cutting-edge enzyme engineering capabilities, we’re unlocking new possibilities that can enhance detection, improve efficiency, and ultimately protect and enhance the quality and safety of the global food supply.”

“It is a privilege to partner with Neogen to create new enzymes that will push the boundaries of food and animal safety solutions,” said Laurynas Karpus, Biomatter’s Chief Executive Officer. “Together, our teams aim to set new standards in the industry, making every step of the process more efficient, cost-effective, and ultimately more beneficial for the end user.”

About Neogen

Neogen Corporation is committed to fueling a brighter future for global food security through the advancement of human and animal well-being. Harnessing the power of science and technology, Neogen has developed comprehensive solutions spanning the Food Safety, Livestock, and Pet Health & Wellness markets. A world leader in these fields, Neogen has a presence in over 140 countries with a dedicated network of scientists and technical experts focused on delivering optimized products and technology for its customers.

About Biomatter

Biomatter is a next-generation enzyme design company breaking the limits of traditional protein engineering. Leveraging its generative AI-powered Intelligent Architecture™ platform, the company designs novel, high-performance enzymes from the ground up. Through collaborations with industry leaders in medicine, diagnostics, agriculture, and biomanufacturing, Biomatter delivers unique enzymatic solutions that enable differentiated products and promote a healthier, more sustainable world. Discover more at www.biomatter.ai.

[email protected]

[email protected]

KEYWORDS: United States North America Michigan

INDUSTRY KEYWORDS: Biotechnology Technology Manufacturing Health Food/Beverage Agriculture Natural Resources Other Manufacturing Retail Artificial Intelligence Agritech

MEDIA:

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FLR Investors Have Opportunity to Join Fluor Corporation Fraud Investigation With the DJS Law Group

PR Newswire


LOS ANGELES
, Aug. 11, 2025 /PRNewswire/ — News provided by DJS Law Group LLP The DJS Law Group reminds investors that it is investigating claims against Fluor Corporation (“Fluor” or “the Company”) (NYSE: FLR) for violations of securities laws. 

The investigation centers on whether the Company made false and/or misleading statements or omitted information critical to investors. On August 1, 2025, Fluor announced its second-quarter financial results and reduced its full-year forecast. The Company attributed its underwhelming performance to rising expenses across several infrastructure projects—citing subcontractor design flaws, cost escalations, and timeline setbacks. It further stated that clients are cutting back on capital expenditures. These challenges were not previously disclosed when the Company reaffirmed its full-year outlook. Following this announcement, Fluor’s stock declined by over 30.5% during early trading that same day. 

WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results. 

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. 

CONTACT: 

David J. Schwartz 

DJS Law Group 

274 White Plains Road, Suite 1 

Eastchester, NY 10709 

Phone: 914-206-9742  

Email: [email protected] 

Cision View original content:https://www.prnewswire.com/news-releases/flr-investors-have-opportunity-to-join-fluor-corporation-fraud-investigation-with-the-djs-law-group-302526184.html

SOURCE DJS Law Group LLP

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MIND CTI Reports Second Quarter 2025 Results

YOQNEAM, Israel, Aug. 11, 2025 (GLOBE NEWSWIRE) — MIND C.T.I. LTD. – (NasdaqGM:MNDO), a leading provider of convergent end-to-end prepaid/postpaid billing and customer care product-based solutions for service providers, unified communications (UC) analytics and call accounting solutions for enterprises as well as enterprise messaging solutions, today announced results for its second quarter ended June 30, 2025.

The following will summarize our major developments in the second quarter of 2025 as well as our business. The financial results can be found in the Company News section of our website at http://www.mindcti.com/company/news/ and in our Form 6-K.

Financial Highlights

  • Revenues were $4.8 million, compared with $5.3 million in the second quarter of 2024, with the decrease mainly attributed to the billing segment.
  • Operating income was $0.3 million, or 6% of total revenues, compared with $1.1 million, or 20% of total revenues in the second quarter of 2024.
  • Net income was $0.5 million, or $0.02 per share, compared with $1.1 million, or $0.06 per share in the second quarter of 2024.
  • Cash flow from operating activities was $0.9 million, compared with $2.0 million in the second quarter of 2024.

Six Months Financial Highlights

  • Revenues were $9.7 million, compared with $11.0 million in the first six months of 2024.
  • Operating income of $0.6 million, or 7% of total revenues, compared with $2.3 million or 21% of total revenues in the first six months of 2024.
  • Net income of $1.0 million, or $0.05 per share, compared with $2.5 million, or $0.12 per share in the first six months of 2024.
  • Cash flow from operating activities in the first six months of 2025 was $1.6 million, compared with $2.9 million in the first six months of 2024.

Ariel Glassner, MIND CTI’s CEO, commented: “We continue to be challenged by shrinking relevant markets and strong competition in both our billing and enterprise solutions, as previously announced, and we are experiencing the negative impact on our financial results. We continuously monitor our cost structure, striving for efficiency across the organization. At the same time, we continue to invest in key areas to address market needs and to maintain a strong engineering team to support our customers. We believe that continued focus on execution and adaptability, along with maintaining our growth drivers, positions us well for the future.”

Cash Position

Our cash position, including short-term deposits and marketable securities, was $11.4 million as of June 30, 2025, compared with $14.6 million as of June 30, 2024. As previously announced, in Q1 2025 we completed the acquisition of Aurenz and $1.7 million was paid in cash to date.

As previously announced, the Board declared on March 4, 2025, a cash dividend of $0.22 per share before withholding tax. The dividend sum of approximately $4.5 million was distributed in April 2025.

Revenue Distribution for Q2 2025

Revenues in Europe represented 60% (including the messaging segment revenues in Germany, which represented 38%), the Americas represented 30%, and the rest of the world represented 10% of total revenues.

Revenues from our customer care and billing software were $2.2 million, or 47% of total revenues, enterprise messaging and payment solutions were $1.8 million, or 38% of total revenues and enterprise call accounting software were $0.7 million (including the full quarter revenues of Aurenz), or 15% of total revenues.

Revenues from maintenance and additional services were $4.5 million, or 94% of total revenues, while licenses were $0.3 million, or 6% of total revenues.

Revenue Distribution for the First Six Months of 2025

Revenues in Europe represented 61% (including the messaging segment revenues in Germany, which represented 36%), the Americas represented 32%, and the rest of the world represented 7% of total revenues.

Revenues from our customer care and billing software were $4.7 million, or 49% of total revenues, enterprise messaging and payment solutions were $3.5 million, or 36% of total revenues and enterprise call accounting software were $1.5 million (including the full first six months revenues of Aurenz), or 15% of total revenues.

Revenues from maintenance and additional services were $9.3 million, or 95% of total revenues, while licenses were $0.4 million, or 5% of total revenues.

About MIND

MIND CTI Ltd. is a leading provider of convergent end-to-end billing and customer care product-based solutions for service providers, unified communications analytics and call accounting solutions for enterprises as well as enterprise messaging solutions. MIND provides a complete range of billing applications for any business model (license, SaaS, managed service or complete outsourced billing service) for Wireless, Wireline, Cable, IP Services and Quad-play carriers. A global company, with over twenty-five years of experience in providing solutions to carriers and enterprises, MIND operates from offices in Israel, Romania, Germany and the United States.

Cautionary Statement for Purposes of the “Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995: All statements other than historical facts included in the foregoing press release regarding the Company’s business strategy are “forward-looking statements”, including estimations relating to the impact of the political situation in Ukraine, expectations of the results of the Company’s business optimization initiative, integration of the company’s acquisitions and its projected outlook and results of operations. These statements are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements are not guarantees of future performance, and actual results may materially differ. The forward-looking statements involve risks, uncertainties, and assumptions, including, but not limited to, economic conditions in our key markets, as well as the risks discussed in the Company’s annual report and other filings with the United States Securities Exchange Commission. The Company does not undertake to update any forward-looking information.

For more information please contact:

Janice Kaye
MIND C.T.I. Ltd.
Tel: +972-4-993-6666
[email protected]



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TPG Announces Public Offering of Senior Notes

TPG Announces Public Offering of Senior Notes

SAN FRANCISCO & FORT WORTH, Texas–(BUSINESS WIRE)–
TPG Inc. (“TPG” or the “Company”) (Nasdaq: TPG), a leading global alternative asset management firm, today announced that TPG Operating Group II, L.P. (the “Issuer”), an indirect subsidiary of TPG, intends to offer senior notes due 2036 (the “notes”) in a registered public offering, subject to market and other conditions. The notes will be fully and unconditionally guaranteed by TPG and certain of the Issuer’s direct subsidiaries.

The Issuer intends to use the net proceeds from the offering to repay a portion of outstanding debt under its revolving credit facility and for general corporate purposes.

Morgan Stanley & Co. LLC, BofA Securities, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.

This offering is being made pursuant to an automatic shelf registration statement (including a prospectus) that was filed by TPG with the Securities and Exchange Commission (the “SEC”) on February 27, 2024, and became effective upon filing. Before you invest, you should read the prospectus in the shelf registration statement and the documents incorporated by reference therein and the prospectus supplement that the Company has filed with the SEC for more complete information about the Company and the offering.

Copies of the prospectus and related prospectus supplement relating to the offering may be obtained from Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; BofA Securities, Inc. at 201 North Tryon Street, NC1-022-02-25, Charlotte, NC 28255-0001, Attention: Prospectus Department, at [email protected] or by telephone at 1-800-294-1322; or Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer Service, Toll-Free: 1-800-645-3751. A copy of the prospectus and the related prospectus supplement relating to the offering may also be obtained free of charge by visiting EDGAR on the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes or any other securities, nor shall there be any sale of the notes 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 TPG

TPG is a leading global alternative asset management firm, founded in San Francisco in 1992, with $261 billion of assets under management and investment and operational teams around the world. TPG invests across a broadly diversified set of strategies, including private equity, impact, credit, real estate, and market solutions, and our unique strategy is driven by collaboration, innovation, and inclusion. Our teams combine deep product and sector experience with broad capabilities and expertise to develop differentiated insights and add value for our fund investors, portfolio companies, management teams, and communities.

Forward-Looking Statements

This press release may contain “forward-looking” statements. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects” and similar references to future periods, or by the inclusion of forecasts or projections. Examples of forward-looking statements include, but are not limited to, statements we make regarding the terms of the proposed public offering and the use of proceeds therefrom, the outlook for our future business and financial performance, estimated operational metrics, business strategy and plans and objectives of management for future operations, including, among other things, statements regarding expected growth, future capital expenditures, fund performance, dividends and dividend policy and debt service obligations.

Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by any forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the inability to recognize the anticipated benefits, or unexpected costs related to the integration, of acquired companies; our ability to manage growth and execute our business plan; and regional, national or global political, economic, business, competitive, market and regulatory conditions and uncertainties, among various other risks discussed in the Company’s SEC filings.

For the reasons described above, we caution you against relying on any forward-looking statements, which should also be read in conjunction with the other cautionary statements that are included elsewhere in this press release and risk factors discussed from time to time in the Company’s filings with the SEC, which can be found at the SEC’s website at http://www.sec.gov. Any forward-looking statement made by us in this press release speaks only as of the date of this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update or revise any forward-looking statement after the date of this press release, whether as a result of new information, future developments or otherwise, except as may be required by law. No recipient should, therefore, rely on these forward-looking statements as representing the views of the Company or its management as of any date subsequent to the date of the press release.

This press release does not constitute an offer of any TPG fund.

Shareholders

Gary Stein and Evanny Huang

[email protected]

Media

Luke Barrett and Julia Sottosanti

[email protected]

KEYWORDS: United States North America California Texas

INDUSTRY KEYWORDS: Asset Management Professional Services Finance

MEDIA:

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SRPT Shareholders Have the Right to Lead the Sarepta Therapeutics, Inc. Securities Lawsuit – Contact the DJS Law Group Before the Final Deadline – SRPT

PR Newswire


LOS ANGELES
, Aug. 11, 2025 /PRNewswire/ — The DJS Law Group reminds investors of a class action lawsuit against Sarepta Therapeutics, Inc. (“Sarepta” or “the Company”) (NASDAQ: SRPT) for violations of the federal securities laws.

Shareholders who purchased the Company’s securities between June 22, 2023 and June 24, 2025, inclusive (the “Class Period”), are encouraged to contact the firm before August 25, 2025.

CASE DETAILS: The complaint alleges that the Company made false and misleading statements to the market concerning Sarepta leading investors to believe that its ELEVIDYS therapy was both safe and had potential for approval in wider applications. The Company allegedly misled the market about its revenue outlook on ELEVIDYS. The Company also positioned the therapy as having strong growth potential due to a lack of hindrances to broader use.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

David J. Schwartz

DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]

Cision View original content:https://www.prnewswire.com/news-releases/srpt-shareholders-have-the-right-to-lead-the-sarepta-therapeutics-inc-securities-lawsuit—contact-the-djs-law-group-before-the-final-deadline—srpt-302526180.html

SOURCE DJS Law Group LLP

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Power Solutions International, Inc. Secured $135 Million Long-Term Committed Credit Facility to Support Strategic Growth

WOOD DALE, Ill., Aug. 11, 2025 (GLOBE NEWSWIRE) — Power Solutions International, Inc. (“PSI” or the “Company”) is excited to announce a significant financial milestone. On July 30, 2025, PSI entered into a Second Amendment (the “Amendment”) to its existing Uncommitted Revolving Credit Agreement with Standard Chartered Bank, acting as administrative agent alongside participating lenders (collectively, the “Lenders”). This newly Amended Credit Agreement increases PSI’s committed borrowing capacity to $135.0 million, providing enhanced flexibility and strategic firepower to support our continued growth and innovation. The agreement now extends through July 30, 2027, solidifying our financial foundation for the next two years.

Dino Xykis, Chief Executive Officer, commented, “This milestone is a powerful affirmation of the trust and confidence our financial partners have in PSI’s strong operational performance, disciplined financial management, compelling results, and our long-term strategy. The expanded and extended credit facility reinforces our robust capital structure, with the backing of world-class financial institutions and the commitment of our talented team, PSI is well-positioned to deliver sustainable value creation for all stakeholders including our customers, shareholders, employees, and strategic partners.”

Kenneth Li, Chief Financial Officer, stated, “The Company has achieved profitability, has been generating positive cash flows from operating activities for several years, and has successfully amended the Revolving Long Term Credit Agreement. The Company has concluded that its existing cash and cash equivalents and cash from operations will be sufficient for the Company to continue as a going concern for at least twelve months from the issuance of these condensed consolidated financial statements. As a result, the Company released valuation allowance previously recorded against its deferred tax assets, and increased net income and stockholders’ equity $29.2 million from the tax benefits as of June 30, 2025.”

The Amended Credit Agreement remains subject to customary events of default and covenants, including minimum adjusted EBITDA, minimum interest coverage ratio and maximum gross leverage ratio covenants. Borrowings under the Amended Credit Agreement will incur interest at the applicable Secured Overnight Financing Rate (“SOFR”) plus 2.10% per annum. In the event the Company’s majority shareholder, Weichai America Corp. (“Weichai”) holds less than fifty percent (50%) of the common equity of the Company, the interest rate under the Amended Credit Agreement will increase to the applicable SOFR plus 2.60% per annum.

The obligations under the Amended Credit Agreement remain unconditionally guaranteed, on a joint and several basis, by certain wholly-owned, existing and subsequently acquired or formed direct and indirect domestic subsidiaries of the Company, subject to customary exceptions. The obligations under the Amended Credit Agreement remain secured by substantially all assets of the Company and the Company’s wholly-owned subsidiaries.

Prior to entering into the Amendment, the Company paid all outstanding borrowings, including principal and interest, under the Shareholder’s Loan Agreement, dated as of August 30, 2024 by and between the Company and Weichai (the “Shareholder’s Loan Agreement”).

About Power Solutions International, Inc. 

Power Solutions International, Inc. (PSI) is a leader in the design, engineering and manufacture of a broad range of advanced, emission-certified engines and power systems. PSI provides integrated turnkey solutions to leading global original equipment manufacturers and end-user customers within the power systems, industrial and transportation end markets. The Company’s unique in-house design, prototyping, engineering and testing capabilities allow PSI to customize clean, high-performance engines using a fuel agnostic strategy to run on a wide variety of fuels, including natural gas, propane, gasoline, diesel and biofuels.

PSI develops and delivers complete power systems that are used worldwide in stationary and mobile power generation applications supporting standby, prime, demand response, and microgrid solutions, as well as products and packages supporting the rapidly growing data center markets. PSI’s industrial end market provides engine and battery powertrain solutions to serve applications such as forklifts, agricultural and turf, arbor care, industrial sweepers, aerial lifts, irrigation pumps, ground support, and construction equipment. PSI’s transportation end market provides engine powertrain solutions to specialized applications such as terminal tractors, port equipment, military vehicles, and other non-road vocational vehicles. For more information on PSI, visit www.psiengines.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements regarding the current expectations of the Company about its prospects and opportunities. These forward-looking statements are entitled to the safe-harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements may involve risks and uncertainties. These statements often include words such as “anticipate,” “believe,” “budgeted,” “contemplate,” “estimate,” “expect,” “forecast,” “guidance,” “may,” “outlook,” “plan,” “projection,” “should,” “target,” “will,” “would” or similar expressions, but these words are not the exclusive means for identifying such statements. These statements are not guarantees of performance or results, and they involve risks, uncertainties and assumptions. Although the Company believes that these forward-looking statements are based on reasonable assumptions, there are many factors that could affect the Company’s results of operations and liquidity and could cause actual results, performance or achievements to differ materially from those expressed in, or implied by, the Company’s forward-looking statements.

The Company cautions that the risks, uncertainties and other factors that could cause its actual results to differ materially from those expressed in, or implied by, the forward-looking statements include, without limitation: the impact of the macro-economic environment in both the U.S. and internationally on our business and expectations regarding growth of the industry; uncertainties arising from global events (including the Russia-Ukraine and Israel-Hamas conflicts), natural disasters or pandemics, and their impact on material prices; the effects of strategic investments on our operations, including our efforts to expand our global market share and actions taken to increase sales growth; the ability to develop and successfully launch new products; labor costs and other employment-related costs; loss of suppliers and disruptions in the supply of raw materials; the Company’s ability to continue as a going concern; the Company’s ability to raise additional capital when needed and its liquidity; uncertainties around the Company’s ability to meet funding conditions under its financing arrangements and access to capital thereunder; the potential acceleration of the maturity at any time of the loans under the Company’s uncommitted revolving credit agreement through the exercise by any lender of its demand right in its Revolving Credit Agreement; the impact of rising interest rates; changes in economic conditions, including inflationary trends in the price of raw materials; our reliance on information technology and the associated risk involving potential security lapses and/or cyber-attacks; the ability of the Company to accurately forecast sales, and the extent to which sales result in recorded revenues; changes in customer demand for the Company’s products; volatility in oil and gas prices; the impact of U.S. tariffs on imports and exports; the impact of supply chain interruptions and raw material shortages, including compliance disruptions such as the UFLPA delaying goods from China; the potential impact of higher warranty costs and the Company’s ability to mitigate such costs; any delays and challenges in recruiting and retaining key employees consistent with the Company’s plans; the potential effects of damage to our reputation or other adverse consequences if our employees, suppliers, sub-suppliers or other contract parties, agents or business partners violate anti-bribery, competition, export and import, trade sanctions, data privacy, environmental, human rights or other laws; the impact of unanticipated changes in our effective tax rate, the adoption of new tax legislation or exposure to additional income tax liabilities; and the risks and uncertainties described in reports filed by the Company with the SEC, including without limitation its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and the Company’s subsequent filings with the SEC.

The Company’s forward-looking statements are presented as of the date hereof. Except as required by law, the Company expressly disclaims any intention or obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise.



Contact:

Power Solutions International, Inc.
Kenneth Li
Chief Financial Officer
630-284-9719
[email protected]

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LINE Investors Have Opportunity to Join Lineage, Inc. Fraud Investigation With the DJS Law Group

PR Newswire


LOS ANGELES
, Aug. 11, 2025 /PRNewswire/ — The DJS Law Group reminds investors that it is investigating claims against Lineage, Inc. (“Lineage” or “the Company”) (NASDAQ: LINE) for violations of securities laws. 

Shareholders who purchased the Company’s securities pursuant and/or traceable to the Company’s Offering Documents issued in connection with its initial public offering (“IPO”) conducted in July 2024, should contact the firm before September 30, 2025 

The investigation alleges that the Company communicated false and misleading information to the market. Lineage experienced a drop in demand as clients reduced surplus stock and adapted their operations in response to shifting consumer behavior. Prior to the IPO, the Company increased prices in a way that could not be maintained. It did not effectively address its demand issues through promotional efforts or its claimed strategic strengths. In light of these circumstances, the Company’s disclosures were false and significantly misleading during the class period. Once the truth about Lineage became known, shareholders incurred losses. 

WHY DJS LAW GROUP? DJS Law Group’s primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results. 

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics. 

CONTACT: 

David J. Schwartz 

DJS Law Group 

274 White Plains Road, Suite 1 

Eastchester, NY 10709 

Phone: 914-206-9742  

Email: [email protected] 

Cision View original content:https://www.prnewswire.com/news-releases/line-investors-have-opportunity-to-join-lineage-inc-fraud-investigation-with-the-djs-law-group-302526175.html

SOURCE DJS Law Group LLP

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Heritage Distilling (Nasdaq: CASK) and Story Foundation Announce the Launch of $360M $IP Token Reserve, With Participation from a16z crypto and Other Prominent Investors

Heritage Distilling (Nasdaq: CASK) and Story Foundation Announce the Launch of $360M $IP Token Reserve, With Participation from a16z crypto and Other Prominent Investors

  • Heritage Distilling Holding Company, Inc. announces a $220 million PIPE financing to establish a treasury strategy focused on $IP, the native token of the Story network.

  • Heritage to allocate $82 million of proceeds from the PIPE financing to purchase $IP tokens from Story Foundation at a fixed price of $3.40 per $IP token.

  • Story Foundation plans to use 100% of the net cash proceeds received from its $IP token sale to Heritage as part of this transaction to strategically repurchase $IP tokens in the open market within a period of up to 90 days following the sale.

  • Story Foundation, the entity behind Story, the AI-native blockchain infrastructure for the $80 trillion1 IP economy, has partnered with Heritage to expand Heritage’s activities in connection with the network.

  • Cantor Fitzgerald & Co. and Roth Capital Partners are serving as joint placement agents and financial advisors.

GIG HARBOR, Wash.–(BUSINESS WIRE)–
Heritage Distilling Holding Company, Inc. (Nasdaq: CASK) (“Heritage” or the “Company”) today announced the pricing of a $220 million private placement offering ($100M in cash and $120M in $IP tokens) with support from Story Foundation and other leading investors, including a16z crypto, Amber Group, Arrington Capital, dao5, Hashed, Mirana Ventures, Neoclassic Capital, Open World, Polychain Capital, Selini Capital, Stix, Syncracy Capital and others, to support the launch of a first-of-its-kind $IP token digital asset treasury strategy.

This transaction represents a strategic milestone for Heritage, making it the first Nasdaq-listed company to adopt $IP as its primary reserve asset. $IP is the native token of Story, a blockchain that enables users to register their intellectual property onchain and add usage terms via smart contracts, thus allowing humans and AI agents the ability to transact in and monetize IP simply and easily. $IP is used to pay for transactions on Story, meaning that if more and more users take advantage of the network’s functionality, the token itself will become more valuable. $IP can also be used for yield-generating activities such as staking and validation. Heritage’s strategic investment in $IP reflects a broader shift in how public companies approach strategic reserves – not just as stores of value, but as vehicles for growth, yield, and long-term alignment with transformative technologies.

Through ecosystem apps like Aria and Ablo, Story has already supported the tokenization of hundreds of thousands of digital assets, powering collaborations with artists, brands, and intellectual property from world-renowned names including Justin Bieber, BTS, Blackpink, Adidas, and Crocs. In 2024, Story partnered with Stability AI to bring transparent licensing and compensation tracking to open-source model training pipelines. In Q3 2025, Grayscale also launched the Story Trust, providing institutional investors with regulated access to $IP through a traditional financial product. Poseidon, an AI-native incubation launched in July, extends Story’s infrastructure into the realm of decentralized training data, enabling rights-cleared datasets for physical AI like robotics, AR/VR, and autonomous systems. Through its partnership with the foundation behind Web3’s first programmable, productive digital primitive designed for staking, licensing, and powering real-world AI workflows, Heritage gains early exposure to the tokenized IP economy while directly participating in its evolution.

This transaction is structured as a Private Investment in Public Equity (“PIPE”) offering involving a token exchange component. Heritage is expected to raise $100M via the sale of common stock and/or pre-funded warrants to purchase shares of common stock. In addition, Heritage will issue shares of common stock and/or pre-funded warrants to purchase shares of common stock in exchange for $IP tokens contributed from the Story Foundation at a fixed price of $3.40 per $IP token, helping to increase the number of tokens held in the Company’s treasury reserve on day one.

Story Foundation selected Heritage as its first public partner to help grow the $IP ecosystem. In addition, key strategic partners will contribute additional $IP tokens to Heritage in exchange for common stock and/or pre-funded warrants to purchase shares of common stock. At the close of the transaction, the Heritage treasury reserve is expected to receive and hold approximately 52.5 million $IP tokens with a market value of approximately $361 million (calculated based on the closing price of the $IP tokens of $6.8785 on August 10, 2025, as reported by CoinMarketCap.com).

Cantor Fitzgerald & Co. and Roth Capital Partners are serving as joint placement agents and financial advisors in the transaction. Open World, a premier U.S.-focused blockchain advisor, is advising Heritage and Story Foundation on structuring the digital asset treasury and will continue to serve as a strategic adviser to both.

Seung Yoon “SY” Lee, CEO and Co-founder of PIP Labs, Chairman of Heritage Advisory Board and original creator of Story, said: “This is the perfect moment to be innovating at the intersection of crypto, AI, and Real World Asset tokenization. Now, with the proliferation of AI, it is our belief that $IP will be viewed as the new gold and has the potential to become increasingly valuable. Story Foundation’s net cash proceeds from its $IP token sale to Heritage as part of this transaction will be used to expand the network’s reach and support market $IP repurchases, reinforcing long-term ecosystem alignment.”

“This transaction represents a bold leap forward, not just for Heritage, but for how public companies can participate in the digital asset economy,” said Justin Stiefel, CEO of Heritage. “For more than a decade we have been a leader in our industry, and because we know the value that intellectual property brings to creators and owners, we see $IP as a new category of strategic reserve to advance multiple pieces of the next decade of AI’s growth. As the first craft distiller in the U.S. to create a cryptocurrency treasury reserves policy, we are once again leading the way in this digital space.”

Also involved in this strategic transaction are respected crypto and tech leaders who have acted as advisors to the transaction and are expected to continue to advise Heritage to support the company’s strategic direction, bringing together deep expertise across capital markets, crypto, and AI:

  • S.Y. Lee – Advisory Board Chairman (Founder and CEO of PIP Labs, original creator of Story)

  • Phil Blows – Chief Investment Officer Appointee (Co-founder of -AQRU and B2 Capital Management)

  • Ben Sternberg – Strategic Finance Advisor (PIP Labs CFO, former CFO at Radish, Founder of Fexy Media)

  • David Lee – Board Member Nominee (former Google Executive, former Chief Corporate Development Officer 451 Media)

  • Erick Zhang – Board Member Nominee (Founding Partner of Nomad Capital, former Head of Research at Binance, former CEO of CoinMarketCap)

  • Ravi Kaza – Special Advisor to the Board and Digital Assets Committee (CIO, Arrington Capital)

“Story was built to turn intellectual property into an investable, programmable asset, and this reserve shows how we’re doing that at scale,” said Matt Shaw, Story Foundation Director. “Through this structure, public market investors can gain exposure to $IP via equity without navigating wallets or token infrastructure. In line with our commitment to ecosystem alignment, 100% of the Foundation’s net cash proceeds from this $IP token sale will be used to repurchase $IP in the open market within up to 90 days. This deal reflects responsible governance and strong partner alignment, while giving Heritage early positioning in one of crypto’s most exciting real-world asset classes.”

The PIPE transaction is expected to close on or about August 13th, 2025 subject to satisfaction of customary closing conditions.

About Story

Backed with $136 million from a16z crypto, Polychain, and Samsung Ventures, Story launched its mainnet in February 2025 and has rapidly become the leading blockchain infrastructure for tokenized intellectual property. Story is a blockchain purpose-built to make intellectual property a programmable digital asset with embedded rights. It enables creators, developers, enterprises, and AI labs to turn media, data, and AI-generated content into programmable, legally enforceable digital assets, fueling use cases across AI, entertainment, robotics, and more. Designed for scale, Story bridges the gap between outdated legal frameworks and the realities of AI-era creation, making it possible to track provenance, automate licensing, and unlock new markets for ideas. As the foundation for $IP’s evolution into an internet-native asset class, Story powers a more open, equitable, and composable creative economy. Learn more at https://www.story.foundation.

About Heritage Distilling Company, Inc.

Heritage is among the premier independent craft distilleries in the United States offering a variety of whiskeys, vodkas, gins, rums and ready-to-drink canned cocktails. Heritage has been North America’s most awarded craft distillery by the American Distilling Institute for ten consecutive years out of the more than 2,600 craft producers. Beyond this remarkable achievement, Heritage has also garnered numerous Best of Class, Double Gold, and Gold medals at esteemed national and international spirits competitions. As one of the largest craft spirits producers on the West Coast by revenue, the company is expanding its presence nationwide through a diverse range of sales channels, including wholesale, on-premises venues, e-commerce and the innovative Tribal Beverage Network (TBN). The TBN initiative, a groundbreaking collaboration with Native American tribes, focuses on developing Heritage-branded distilleries, unique tribal brands and tasting rooms tailored to tribal communities. By serving patrons of tribal casinos and entertainment venues, the TBN creates meaningful economic and social benefits for participating tribes, while providing an additional avenue for tribes to exercise and strengthen their sovereignty. This unique partnership reflects Heritage’s commitment to innovation, community engagement and sustainable growth.

Forward-Looking Statements

This press release contains forward-looking statements, including statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “aims,” “anticipates,” “believes,” “could,” “estimates,” “expects,” “forecasts,” “goal,” “intends,” “may,” “plans,” “possible,” “potential,” “seeks,” “will,” and variations of these words or similar expressions that are intended to identify forward-looking statements. Any such statements in this press release that are not statements of historical fact may be deemed to be forward-looking statements.

Any forward-looking statements in this press release are based on Heritage’s current expectations, estimates and projections only as of the date of this release and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk that the proposed transactions described herein may not be completed in a timely manner or at all; failure to realize the anticipated benefits of the PIPE and related transactions, including the proposed digital asset treasury strategy, the risks associated with the transaction described herein, the value of the Story $IP token, the stability or demand of the Story network or the performance of Heritage’s stock after the transaction closes, the ability of the Company to execute on its treasury reserve plans, the Company’s plans to purchase $IP tokens, Story Foundation’s plans to repurchase $IP tokens, the Company’s proposed digital asset treasury strategy, the digital assets to be held by the Company, the anticipated yield strategies, the potential for $IP to become more valuable, and future performance. These and other risks concerning Heritage’s programs and operations are described in additional detail in its registration statement on Form S-1, and its latest annual report on Form 10-K and subsequent quarterly reports on Form 10-Q and annual 10-K filings, which are on file with the SEC, as well as well as the supplemental risk factors to be included in a Current Report on Form 8-K to be filed by the Company with the SEC. Heritage explicitly disclaims any obligation to update any forward-looking statements except to the extent required by law.

___________________________

1 Source: “The Value of Intangible Assets of Corporations Worldwide Rebounds to All‑Time High of USD 80 Trillion in 2024,” WIPO, February 28, 2025.

 

Investor Contact

(800) 595-3550

[email protected]

 

KEYWORDS: United States North America Washington

INDUSTRY KEYWORDS: Technology Finance Fintech Wine & Spirits Professional Services Digital Cash Management/Digital Assets Blockchain Cryptocurrency Retail Artificial Intelligence

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LightPath Technologies to Participate in Canaccord Genuity’s 45th Annual Growth Conference on August 13, 2025

PR Newswire


ORLANDO, Fla.
, Aug. 11, 2025 /PRNewswire/ — LightPath Technologies, Inc. (NASDAQ: LPTH) (“LightPath,” the “Company,” or “we”), a leading provider of next-generation optics and imaging systems for both defense and commercial applications, today announced that management has been invited to present at the Canaccord Genuity 45th Annual Growth Conference taking place on August 13, 2025 in Boston, Massachusetts.

Sam Rubin, President and Chief Executive Officer of LightPath, is scheduled to present and host one-on-one meetings at the event, as follows.

Canaccord 45th Annual Growth Conference
Date: Wednesday, August 13, 2025
Presentation Time: 3:00 p.m. Eastern time
Location: InterContinental Boston Hotel | Boston, MA
Presentation Link: Click Here

Sam Rubin commented: “We’re entering the second half of the year with strong momentum from defense customers, driven by robust geopolitical tailwinds and the acquisition of G5 Infrared. With scaling demand and growing interest in our Germanium-free BlackDiamond™ glass, we are well positioned to meet the rapidly evolving needs of the U.S. and its allies. I look forward to sharing how these achievements are aligned with our broader strategy to drive sustainable long-term growth and value creation for my fellow shareholders.”

Registration is mandatory for conference participation. For more information or to schedule a meeting with management, please contact MZ Group at [email protected].

About LightPath Technologies

LightPath Technologies, Inc. (NASDAQ: LPTH) is a leading provider of next-generation optics and imaging systems for both defense and commercial applications. As a vertically integrated solutions provider with in-house engineering design support, LightPath’s family of custom solutions range from proprietary BlackDiamond™ chalcogenide-based glass materials – sold under exclusive license from the U.S. Naval Research Laboratory – to complete infrared optical systems and thermal imaging assemblies. The Company’s primary manufacturing footprint is located in Orlando, Florida with additional facilities in Texas, New Hampshire, Latvia and China. To learn more, please visit www.lightpath.com.

Forward-Looking Statements

This press release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “forecast,” “guidance,” “plan,” “estimate,” “will,” “would,” “project,” “maintain,” “intend,” “expect,” “anticipate,” “prospect,” “strategy,” “future,” “likely,” “may,” “should,” “believe,” “continue,” “opportunity,” “potential,” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, without limitation, statements regarding: (i) anticipated timing for program awards, as well as any resulting impact on our financial performance; (ii) the impact of the G5 acquisition on our business and results of operations; (iii) the performance of our product portfolio and expected market potential with our products and (iv) expectations regarding our ability to secure government and military projects with certain customers. These forward-looking statements are based on information available at the time the statements are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the impact of varying demand for the Company products; the ability of the Company to obtain needed raw materials and components from its suppliers; the impact of tariffs and other governmental trade restrictions; actions governments, businesses, and individuals take in response to the pandemic, including restrictions on onsite commercial interactions; general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; geopolitical tensions, the Russian-Ukraine conflict, and the Hamas/ Israel war; the effects of steps that the Company could take to reduce operating costs; the inability of the Company to sustain profitable sales growth, convert inventory to cash, or reduce its costs to maintain competitive prices for its products; circumstances or developments that may make the Company unable to implement or realize the anticipated benefits, or that may increase the costs, of its current and planned business initiatives; and those factors detailed by the Company in its public filings with the Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K and other filings with the SEC. Should one or more of these risks, uncertainties, or facts materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by the forward-looking statements contained herein. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

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SOURCE LightPath Technologies