Market Newsdesk

National Survey: Purchasing Power of Middle-Income Americans Improves, While Majority of Families Still Report Falling Behind Due to Cost of Living

DULUTH, Ga.–(BUSINESS WIRE)–
Middle-income Americans remain concerned about inflation and the high cost of living, with many saying their income is not keeping pace, according to Primerica’s latest Financial Security Monitor™ (FSM™). While some respondents express signs of cautious optimism, the lingering effects of inflation continue to shape how middle-income families manage their money and plan for the future.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250130090365/en/

“Small improvements in the purchasing power of middle-income Americans are not impacting how they are feeling about their financial futures,” said Glenn J. Williams, CEO of Primerica. “They are still feeling the pinch of not being able to make ends meet over the past few years.”

The latest Primerica Household Budget Index™ (HBI™), an economic snapshot solely focused on the financial well-being of middle-income households, found the average purchasing power of middle-income families rose to 100.9% in December 2024, a 1.1% increase compared to a year ago and 0.2% from November 2024. Falling gas prices and income gains, which rose 4% year-over-year, served as the main drivers for the modest improvement.

“We are in a new paradigm of permanently higher prices that consumers have not yet adjusted to emotionally and, in some cases, financially, and where a person is in their life can impact that even further,” said Amy Crews Cutts, Ph.D., CBE^®, an economist who consults for Primerica. “Millennials are at peak ‘adulting’ ages, when they would typically buy homes, start families, etc., but the highest inflation and interest rates in their lifetimes coupled with the high costs of homes and cars and child care are limiting their options. Their pessimism is grounded by their unique experiences.”

Key Findings from Primerica’s Q4 U.S. Middle-Income Financial Security Monitor™ (FSM™)

• Cost of living continues to stress middle-income Americans. About 65% of respondents stated their income is not keeping up with the cost of living, marking the 14^th consecutive quarter this figure has remained at or above this level. Inflation remains a dominant concern for middle-income Americans, with about half (51%) of respondents feeling stressed about the rising cost of living.
• Majority rate financial outlook negatively. About 65% of respondents reported they would be worse off or the same financially in the next year, with a majority (55%) rating the condition of their personal finances negatively.
• Generational differences reveal notable variations in financial sentiment. About 57% of middle-income Americans report feeling stressed about money and finances, with notable differences across generations. The generations that experience a higher frequency of life events reported significantly higher stress levels — 75% of Millennials, 62% of Gen X and 61% of Gen Z — compared to only 39% of Baby Boomers. Importantly, those who work with a financial professional are more likely to feel hopeful and confident.
• Social media plays a limited role in where middle-income Americans go for financial advice. A majority (63%) of respondents do not use social media for financial information. Among those who do, Facebook (18%), YouTube (17%) and Instagram (14%) are the most popular platforms. However, a majority (59%) of Gen Zers do use such platforms, with YouTube (32%), Instagram (22%) and Reddit (23%) being the most popular sites.

Primerica Financial Security Monitor™ (FSM™) Topline Trends Data

	Dec 2024	Sept 2024	Jun 2024	Mar 2024	Dec 2023	Sept 2023	Jun 2023	Mar 2023	Dec 2022
How would you rate the condition of your personal finances? Share reporting “Excellent” or “Good.”	45%	44%	49%	50%	50%	49%	50%	52%	53%
Analysis:Respondents are more negative in their assessment of their personal finances than a year ago.
Overall, would you say your income is…? Share reporting “Falling behind the cost of living”	65%	68%	66%	67%	68%	72%	71%	72%	72%
Share reporting “Stayed about even with the cost of living”	29%	24%	26%	25%	24%	20%	22%	21%	20%
Analysis: Concern about meeting the increased cost of living remained steady with 93% noting an inability to get ahead.
And in the next year, do you think the American economy will be…? Share reporting “Worse off than it is now”	55%	25%	40%	46%	53%	56%	57%	53%	56%
Share reporting “Uncertain”	9%	34%	19%	18%	9%	9%	9%	7%	8%
Analysis: Although the share of respondents expecting the economy to worsen over the next year has risen sharply since the previous poll, the figure remains consistent with levels seen a year ago.
Do you have an emergency fund that would cover an expense of $1,000 or more (for example, if your car broke down or you had a large medical bill)? (Reporting “Yes” responses.)	59%	61%	63%	62%	60%	62%	61%	58%	59%
Analysis: The percentage of Americans who have an emergency fund that would cover an expense of $1,000 or more has remained steady over the past year.
How would you rate the economic health of your community? (Reporting “Not so good” and “Poor” responses.)	63%	63%	58%	60%	57%	55%	54%	59%	53%
Analysis: Respondents’ rating of the economic health of their communities has gotten worse over the past year.
How would you rate your ability to save for the future? (Reporting “Not so good” and “Poor” responses.)	71%	73%	68%	67%	73%	71%	71%	73%	74%
Analysis: A significant majority continue to feel it is difficult to save for the future.
In the past three months, has your credit card debt…? (Reporting “Increased” responses.)	34%	35%	30%	34%	35%	34%	33%	33%	39%
Analysis: Credit card debt has remained about the same over the past year.

About Primerica’s Middle-Income Financial Security Monitor™ (FSM™)

Since September 2020, the Primerica Financial Security Monitor™ has surveyed middle-income households quarterly to gain a clear picture of their financial situation, and it coincides with the release of the monthly HBI™ four times annually. Polling was conducted online from Dec. 20-23, 2024. Using Dynamic Online Sampling, Change Research polled 1,085 adults nationwide with incomes between $30,000 and $130,000. Post-stratification weights were made on gender, age, race, education and Census region to reflect the population of these adults based on the five-year averages in the 2021 American Community Survey, published by the U.S. Census. The margin of error is 3.2%. For more information visit Primerica.com/public/financial-security-monitor.html.

About the Primerica Household Budget Index™ (HBI™)

The Primerica Household Budget Index™ (HBI™) is constructed monthly on behalf of Primerica by its chief economic consultant Amy Crews Cutts, PhD, CBE^®. The index measures the purchasing power of middle-income families with household incomes from $30,000 to $130,000 and is developed using data from the U.S. Bureau of Labor Statistics, the U.S. Bureau of the Census, and the Federal Reserve Bank of Kansas City. The index looks at the cost of necessities including food, gas, auto insurance, utilities, and health care and earned income to track differences in inflation and wage growth.

The HBI™ uses January 2019 as its baseline, with the value set to 100% at that point in time.

Periodically, prior HBI™ values may be modified due to revisions in the CPI series and Consumer Expenditure Survey releases by the U.S. Bureau of Labor Statistics (BLS). Beginning with the December 2024 release of the index, the expenditure weights have been updated to the most recent (Q1 2024) data and auto insurance has been added to the group of necessity items. For more information visit householdbudgetindex.com.

About Primerica, Inc.

Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial products and services to middle-income households in North America. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. We insured over 5.5 million lives and had approximately 3.0 million client investment accounts on December 31, 2024. Primerica, through its insurance company subsidiaries, was the #2 issuer of Term Life insurance coverage in the United States and Canada in 2023. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol “PRI”.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250130090365/en/

Media Contact:

Gana Ahn

678-431-9266

Email: [email protected]

Investor Contact:

Nicole Russell

470-564-6663

Email: [email protected]

KEYWORDS: Georgia United States North America

INDUSTRY KEYWORDS: Professional Services Other Consumer Women Men Baby Boomers Data Analytics Generation Z Generation X Insurance Consumer Finance

MEDIA:

Photo

Primerica Household Budget Index™ (HBI™), an economic snapshot solely focused on the financial well-being of middle-income households, found the average purchasing power of middle-income families rose to 100.9% in December 2024, a 1.1% increase compared to a year ago and 0.2% from November 2024. Falling gas prices and income gains, which rose 4% year-over-year, served as the main drivers for the modest improvement. (Graphic: Business Wire)

Logo

AST SpaceMobile Announces FCC Grant Of Special Temporary Authority (STA) In the United States with Strategic Partners AT&T And Verizon

STA authorization includes all types of unmodified smartphones, to support voice, full data, and video applications, and other native cellular broadband capabilities

MIDLAND, Texas–(BUSINESS WIRE)–
AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced that the Federal Communications Commission (FCC) has granted the company Special Temporary Authority (STA) authorizing testing service in the United States. This approval enables AST SpaceMobile’s first five commercial BlueBird satellites, operating in low Earth orbit today, with unmodified smartphones in AT&T and Verizon premium low-band wireless spectrum supporting voice, full data, and video applications, and other native cellular broadband capabilities, without the need of any specialized software or device support or updates.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250130886840/en/

The FCC’s grants underscore the shared goals between AST SpaceMobile and the Commission, including bridging the digital divide, enhancing emergency communications, accelerating digital transformation, and promoting U.S. leadership in the emerging space economy and direct-to-device innovation.

“The FCC USA regulatory approvals represent a pivotal moment for AST SpaceMobile as we advance toward delivering seamless space-based cellular broadband connectivity,” said Vikram Raval Global Head of Regulatory Affairs of AST SpaceMobile.

“Alongside integration efforts with partner networks we are installing five gateways in the United States, and we are now accelerating our path to commercial activity, starting with testing service with off-the-shelf cellular handsets on AT&T and Verizon networks,” said Chris Ivory, Chief Commercial Officer of AST SpaceMobile.

The orbiting Block 1 BlueBird satellites will support non-continuous cellular broadband service across the United States and in select markets globally and will target approximately 100% nationwide coverage from space with over 5,600 coverage cells in the United States. The next-generation Block 2 BlueBirds featuring up to 2,400 square-foot communications arrays, are designed to deliver up to 10 times the bandwidth capacity of the BlueBird satellites in orbit, enabling peak data transmission speeds of up to 120 Mbps, supporting voice, full data, and video applications.

During 2024, AST SpaceMobile secured additional strategic investment from AT&T, Verizon, Google and Vodafone, and new contract awards with the United States Government, directly and through prime contractors. The company has agreements with more than 45 mobile network operators globally, which have over approximately 2.8 billion existing subscribers total, including Vodafone Group, AT&T, Verizon, Rakuten Mobile, Bell Canada, Orange, Telefonica, TIM, Saudi Telecom Company, Zain KSA, Etisalat, Indosat Ooredoo Hutchison, Telkomsel, Smart Communications, Globe Telecom, Millicom, Smartfren, Telecom Argentina, MTN, Telstra, Africell, Liberty Latin America and others. AT&T, Verizon, Vodafone, Google, Rakuten, American Tower, Cisneros Group and Bell Canada are also existing investors in AST SpaceMobile.

About AST SpaceMobile

AST SpaceMobile is building the first and only global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on our extensive IP and patent portfolio, and designed for both commercial and government applications. Our engineers and space scientists are on a mission to eliminate the connectivity gaps faced by today’s five billion mobile subscribers and finally bring broadband to the billions who remain unconnected. For more information, follow AST SpaceMobile on YouTube, X (Formerly Twitter), LinkedIn and Facebook. Watch this video for an overview of the SpaceMobile mission.

Forward-Looking Statements

This communication contains “forward-looking statements” that are not historical facts, and involve risks and uncertainties that could cause actual results of AST SpaceMobile to differ materially from those expected and projected. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “believes,” “estimates,” “anticipates,” “expects,” “intends,” “plans,” “may,” “will,” “would,” “potential,” “projects,” “predicts,” “continue,” or “should,” or, in each case, their negative or other variations or comparable terminology.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside AST SpaceMobile’s control and are difficult to predict.

Factors that could cause such differences include, but are not limited to: (i) expectations regarding AST SpaceMobile’s strategies and future financial performance, including AST’s future business plans or objectives, expected functionality of the SpaceMobile Service, anticipated timing of the launch of the Block 2 Bluebird satellites, anticipated demand and acceptance of mobile satellite services, prospective performance and commercial opportunities and competitors, the timing of obtaining regulatory approvals, ability to finance its research and development activities, commercial partnership acquisition and retention, products and services, pricing, marketing plans, operating expenses, market trends, revenues, liquidity, cash flows and uses of cash, capital expenditures, and AST SpaceMobile’s ability to invest in growth initiatives; (ii) the negotiation of definitive agreements with mobile network operators relating to the SpaceMobile Service that would supersede preliminary agreements and memoranda of understanding and the ability to enter into commercial agreements with other parties or government entities; (iii) the ability of AST SpaceMobile to grow and manage growth profitably and retain its key employees and AST SpaceMobile’s responses to actions of its competitors and its ability to effectively compete; (iv) changes in applicable laws or regulations; (v) the possibility that AST SpaceMobile may be adversely affected by other economic, business, and/or competitive factors; (vi) the outcome of any legal proceedings that may be instituted against AST SpaceMobile; and (vii) other risks and uncertainties indicated in the Company’s filings with the Securities and Exchange Commission (SEC), including those in the Risk Factors section of AST SpaceMobile’s Form 10-K filed with the SEC on April 1, 2024.

AST SpaceMobile cautions that the foregoing list of factors is not exclusive. AST SpaceMobile cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors in AST SpaceMobile’s Form 10-K filed with the SEC on April 1, 2024. AST SpaceMobile’s securities filings can be accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly required by applicable securities law, AST SpaceMobile disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250130886840/en/

Investor Contact:

Scott Wisniewski

[email protected]

Media Contact:

Allison

Eva Murphy Ryan

917-547-7289

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Technology Satellite Aerospace Manufacturing Mobile/Wireless Telecommunications

MEDIA:

Photo

AST SpaceMobile BlueBirds 1-5 (Graphic: Business Wire)

Logo

Atlas Energy Solutions Announces Pricing of Upsized Underwritten Public Offering of Common Stock

AUSTIN, Texas–(BUSINESS WIRE)–
Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or the “Company”) today announced the pricing of an upsized underwritten public offering (the “Offering”) of an aggregate of 11,500,000 shares of its common stock, par value $0.01 per share (“common stock”), at a public offering price of $23.00 per share, for total gross proceeds of $264.5 million. In connection with the Offering, the Company has granted the underwriters the option to purchase up to an additional 1,725,000 shares of common stock on the same terms and conditions within 30 days.

The Offering is expected to close on February 3, 2025, subject to customary closing conditions.

The Company intends to use the net proceeds it receives from the Offering (i) to repay indebtedness, which may include a portion of its secured PIK toggle seller note and outstanding borrowings under its credit facility and term loan credit facility, (ii) to fund a portion of the cash consideration for the Company’s previously announced acquisition of Moser Engine Service, Inc. (d/b/a Moser Energy Systems) (the “Moser Acquisition”), including the election to pay the aggregate transaction consideration in cash in lieu of the issuance of stock consideration (the “Cash Option”) or, if the Cash Option has not been exercised, redemption of the stock consideration, if exercised by the Company, subject to market conditions, and (iii) the remainder, if any, for general corporate purposes, including power-related growth capital expenditures following completion of the Moser Acquisition. The Company expects to close the Moser Acquisition in the first quarter of 2025, subject to customary closing conditions and regulatory approvals. The Moser Acquisition is not contingent upon the completion of this Offering and this Offering is not contingent upon the completion of the Moser Acquisition.

Goldman Sachs & Co. LLC and Piper Sandler & Co. are acting as lead book-running managers for the Offering. Barclays Capital Inc., BofA Securities, Inc. and Johnson Rice & Company L.L.C. are acting as book-running managers. Capital One Securities, Inc., Drexel Hamilton, LLC, PEP Advisory LLC, Perella Weinberg Partners LP, Raymond James & Associates, Inc., Stephens Inc. and The Benchmark Company, LLC are acting as co-managers. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering.

The Offering will be made only by means of a prospectus supplement and the accompanying base prospectus, The Offering is being conducted pursuant to an effective shelf registration statement on Form S-3 (the “Registration Statement”), which was filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 15, 2024, that became effective upon filing and the corresponding prospectus. A preliminary prospectus supplement thereto has been filed with the SEC. Before investing, prospective investors should read the prospectus supplement, the accompanying base prospectus and the documents incorporated by reference therein for more complete information about the Company and the Offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and the accompanying base prospectus related to this Offering, and the final prospectus supplement, when available, may be obtained by contacting:

Goldman Sachs & Co. LLC

Attn: Prospectus Department

200 West Street

New York, NY 10282

Telephone: 1-866-471-2526

[email protected]

Piper Sandler & Co.

Attn: Prospectus Department

800 Nicollet Mall, J12S03

Minneapolis, Minnesota 55402

Telephone: 1-800-747-3924

[email protected]

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 without registration or qualification under the securities laws of any such state or jurisdiction.

About Atlas Energy Solutions

Atlas Energy Solutions Inc. is a leading proppant producer and proppant logistics provider, serving primarily the Permian Basin of West Texas and New Mexico. We operate 14 proppant production facilities across the Permian Basin with a combined annual production capacity of 29 million tons, including both large-scale in-basin facilities and smaller distributed mining units. We manage a portfolio of leading-edge logistics assets, which includes our 42-mile Dune Express conveyor system. In addition to our conveyor infrastructure, we manage a fleet of over 120 trucks, which are capable of delivering expanded payloads due to our custom-manufactured trailers and patented drop-depot process. Our approach to managing both our proppant production and proppant logistics operations is intently focused on leveraging technology, automation and remote operations to drive efficiencies.

We are a low-cost producer of various high-quality, locally sourced proppants used during the well completion process. We offer both dry and damp sand, and carry various mesh sizes including 100 mesh and 40/70 mesh. Proppant is a key component necessary to facilitate the recovery of hydrocarbons from oil and natural gas wells.

Our logistics platform is designed to increase the efficiency, safety and sustainability of the oil and natural gas industry within the Permian Basin. Proppant logistics is increasingly a differentiating factor affecting customer choice among proppant producers. The cost of delivering sand, even short distances, can be a significant component of customer spending on their well completions given the substantial volumes that are utilized in modern well designs.

We continue to invest in and pursue leading-edge technologies, including autonomous trucking, digital infrastructure, and artificial intelligence, to support opportunities to gain efficiencies in our operations. These technology-focused investments aim to improve our cost structure and also combine to produce beneficial environmental and community impacts.

While our core business is fundamentally aligned with a lower emissions economy, our core obligation has been, and will always be, to our stockholders. We recognize that maximizing value for our stockholders requires that we optimize the outcomes for our broader stakeholders, including our employees and the communities in which we operate. We are proud of the fact that our approach to innovation in the hydrocarbon industry while operating in an environmentally responsible manner creates immense value. Since our founding in 2017, our core mission has been to improve human beings’ access to the hydrocarbons that power our lives while also delivering differentiated social and environmental progress. Our Atlas team has driven innovation and has produced industry-leading environmental benefits by reducing energy consumption, emissions, and our aerial footprint. We call this Sustainable Environmental and Social Progress.

We were founded in 2017 by Ben M. “Bud” Brigham, our Executive Chairman, and are led by an entrepreneurial team with a history of constructive disruption bringing significant and complementary experience to this enterprise, including the perspective of longtime E&P operators, which provides for an elevated understanding of the end users of our products and services. Our executive management team has a proven track record with a history of generating positive returns and value creation. Our experience as E&P operators was instrumental to our understanding of the opportunity created by in-basin sand production and supply in the Permian Basin, which we view as North America’s premier shale resource and which we believe will remain its most active through economic cycles.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Statements that are predictive or prospective in nature, that depend upon or refer to future events or conditions or that include the words “may,” “assume,” “forecast,” “position,” “strategy,” “potential,” “continue,” “could,” “will,” “plan,” “project,” “budget,” “predict,” “pursue,” “target,” “seek,” “objective,” “believe,” “expect,” “anticipate,” “intend,” “estimate” and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding the size and terms of the Offering and our use of proceeds from the Offering; Atlas’s plans to finance the Moser Acquisition; and the receipt of all necessary approvals to close the Moser Acquisition and the timing associated therewith.

Actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including, but not limited to, those discussed or referenced in our filings made from time to time with the SEC, including those discussed in the Registration Statement and the prospectus supplement relating to this Offering, under the heading “Risk Factors” in our Annual Report on Form 10-K, filed with the SEC on February 27, 2024, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including those discussed in Exhibit 99.3 to our Current Report on Form 8-K filed on January 27, 2025. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. 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, whether as a result of new information, future developments or otherwise, except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250130581766/en/

Investor Contact

Kyle Turlington

5918 W Courtyard Drive, Suite #500

Austin, Texas 78730

United States

T: 512-220-1200

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Other Energy Mining/Minerals Logistics/Supply Chain Management Oil/Gas Transport Natural Resources Energy

MEDIA:

Logo

AMC Entertainment Elevates Film Executive Nikkole Denson-Randolph to Chief Content Officer in the United States, Reporting to Chairman and CEO Adam Aron – Elizabeth Frank to Sign on as CEO of RealD

LEAWOOD, Kan.–(BUSINESS WIRE)–
AMC Entertainment Holdings, Inc. (NYSE: AMC), the largest theatrical exhibitor in the United States and in the world, today announced the promotion of Nikkole Denson-Randolph to the role of Senior Vice President, U.S. Chief Content Officer. In her new role, Denson-Randolph will now oversee AMC’s U.S. film programming, content acquisition, and movie strategy initiatives, along with AMC’s studio and creative community relationships. Denson-Randolph will be based in Los Angeles. She will report directly to AMC Chairman and CEO Adam Aron, and she will serve on AMC’s Executive Committee.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250130942209/en/

This leadership transition coincides with the departure of Elizabeth Frank, AMC’s long-time head of Worldwide Programming and Chief Content Officer. Frank will assume the role of Chief Executive Officer of RealD, a leading global provider of 3D cinema technology, and AMC’s largest 3D partner.

As part of the leadership transition, Juan Antonio Gomez, Chief Partnership and Content Officer at ODEON Cinemas Group, will lead all film and content programming internationally for AMC Entertainment’s movie theatres outside the United States. Based in London, he will continue to report to Mark Way, President, AMC Europe & Managing Director of ODEON Cinemas Group, and Gomez will continue to serve on the Executive Committee of ODEON.

Denson-Randolph and Gomez will pair and collaborate to ensure that a comprehensive array of film and alternative content continues to be seen on the big screens of AMC and ODEON. They will also strive to strengthen the already superb relationships AMC and ODEON enjoy with movie studios and filmmakers the world over.

During her 16 years at AMC Theatres, Nikkole Denson-Randolph has made a profound impact on the theatrical exhibition industry and millions of moviegoers around the country, through her focus on and dedication to independent film, storytelling, and content that appeals to a wide array of audiences. In her most recent role as Senior Vice President, Content Strategy & Inclusive Programming, Denson led the planning and execution of AMC Theatres Distribution’s two concert films, Taylor Swift | The Eras Tour, and Renaissance: A Film by Beyoncé. She also has worked closely with the major studios through her leadership of AMC’s Programming Promotions team, which leverages AMC’s in-theatre and digital moviegoer engagement to stimulate more frequent movie-going.

Denson-Randolph has spent her AMC career planning, executing, and leading innovative and strategic programs that greatly expand content available to moviegoers. Her extensive work has helped open new avenues for filmmakers and studios to bring their stories to the big screen. AMC Artisan Films, a program designed to celebrate character-driven stories from unique perspectives, launched under Denson-Randolph’s leadership in 2019. Denson-Randolph also led and orchestrated the launch of AMC Independent, a highly popular film program designed to provide AMC Theatres’ guests with on-screen storytelling from around the world and create a direct pipeline for filmmakers who are poised to distribute their own films theatrically.

Adam Aron, Chairman and CEO of AMC, expressed his confidence in the leadership that Denson-Randolph will bring to the programming of AMC’s U.S. screens:

“Nikkole Denson-Randolph’s vision, creativity, and unmatched expertise in the film industry have played a vital role in AMC’s success over the past 16 years. Her ability to identify diverse content, elevate unique cinematic voices, and innovate attendance-driving programs has positioned AMC as a leader in showcasing films that resonate with all audiences. She is highly respected internally at AMC and throughout the entertainment industry. I have every confidence that we won’t miss a beat as the baton is passed from Elizabeth Frank to Nikkole.”

Denson-Randolph, who previously served as Director of Business Development for Starbucks Coffee Company’s entertainment group, and as President of Magic Johnson Entertainment, shared her enthusiasm about this new chapter:

“I am honored to take on this incredible opportunity to lead AMC’s film operations in the United States during such an exciting time for the industry. Movies remain a universal language, and AMC is at the forefront of bringing exceptional stories to life on the big screen. I look forward to building on our strong legacy and ensuring that audiences everywhere have access to an extraordinary cinematic experience at AMC Theatres.”

Aron added, “At the same time, I have every confidence that Juan Antonio Gomez will continue to apply his unique industry knowledge to programming our international screens. As I have scoured the movie theatre business across Europe, it has become very clear to me that no one matches Juan Antonio’s ability to get the job done well. ODEON is fortunate to have such a top-tier player in his key leadership role.”

Juan Antonio Gomez said, “I love movies, and love what I do for ODEON Cinemas Group. Since AMC acquired ODEON in 2016, it has been fulfilling for us to jointly evolve into becoming the largest movie theatre company across the globe. As the box office builds, these are exciting times for our industry, and I look forward to continuing to help lead the way internationally for AMC Entertainment.”

As AMC bids farewell to Elizabeth Frank, the company celebrates her many significant contributions. During her 15-year tenure, nearly all of which came at the helm of AMC’s Film Programming & Content department, Frank played a pivotal role in growing AMC from the second-largest theatrical exhibitor in the United States into a global powerhouse, as the largest exhibitor in the United States and in the world.

Adam Aron said, “Elizabeth Frank has played a crucial role in AMC’s evolution, and she has delivered for us over and over again. We thank her for her dedication to AMC and are thrilled for her that she has been offered a CEO role, especially so because RealD is an important programming partner for both AMC and ODEON. As an example of its relevance to AMC, RealD 3D generated $145 million of AMC’s domestic box office in 2024. I am hopeful that Elizabeth can spark growth for RealD 3D, which in turn has the prospect of greatly benefiting AMC and Odeon financially as a result.”

Elizabeth Frank commented on her transition:

“Being a part of AMC’s innovation and expansion has been deeply rewarding for me, both professionally and personally. Through my role at AMC, I have experienced first-hand the potential for 3D to enhance the movie-going experience and increase a movie’s box office performance. I am excited to join RealD now, as industry dynamics position 3D for tremendous growth.”

ABOUT AMC ENTERTAINMENT HOLDINGS, INC.

AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 900 theatres and 10,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, website, and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. In addition, in 2023 AMC launched AMC Theatres Distribution with the highly successful releases of TAYLOR SWIFT | THE ERAS TOUR and RENAISSANCE: A FILM BY BEYONCÉ. AMC Theatres Distribution expects to release more concert films with the world’s leading musical artists in the years ahead. For more information, visit www.amctheatres.com.

Category: Company Release

View source version on businesswire.com: https://www.businesswire.com/news/home/20250130942209/en/

MEDIA CONTACTS:

Ryan Noonan, (913) 213-2183

[email protected]

KEYWORDS: Kansas United States North America

INDUSTRY KEYWORDS: General Entertainment Entertainment Film & Motion Pictures

MEDIA:

Photo

AMC Entertainment promotes Nikkole Denson-Randolph to SVP, Chief Content Officer in the United States. (Photo: Business Wire)

Logo

Enveric Biosciences Announces Pricing of $5 Million Public Offering

CAMBRIDGE, Mass.–(BUSINESS WIRE)–
Enveric Biosciences, Inc. (NASDAQ: ENVB) (“Enveric” or the “Company”), a biotechnology company dedicated to the development of novel neuroplastogenic small-molecule therapeutics for the treatment of anxiety, depression, and addiction disorders, today announced the pricing of a public offering of an aggregate of 1,666,666 shares of its common stock (or common stock equivalents in lieu thereof), Series A warrants to purchase up to 1,666,666 shares of common stock and Series B warrants to purchase up to 1,666,666 shares of common stock, at a combined public offering price of $3.00 per share (or per common stock equivalent in lieu thereof) and accompanying warrants. The warrants will have an exercise price of $3.00 per share and will be exercisable immediately. The Series A warrants will expire five years from the date of issuance and the Series B warrants will expire eighteen months from the date of issuance. The closing of the offering is expected to occur on or about February 3, 2025, subject to the satisfaction of customary closing conditions.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

The gross proceeds from the offering, before deducting the placement agent’s fees and other offering expenses payable by the Company, are expected to be approximately $5 million. The Company intends to use the net proceeds from this offering for product development, working capital and general corporate purposes.

The securities described above are being offered pursuant to a registration statement on Form S-1 (File No. 333-284277), which was declared effective by the Securities and Exchange Commission (the “SEC”) on January 30, 2025. The offering is being made only by means of a prospectus forming part of the effective registration statement relating to the offering. A preliminary prospectus relating to the offering has been filed with the SEC. Electronic copies of the final prospectus, when available, may be obtained on the SEC’s website at http://www.sec.gov and may also be obtained by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (212) 856-5711 or e-mail at [email protected].

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

About Enveric Biosciences

Enveric Biosciences (NASDAQ: ENVB) is a biotechnology company dedicated to the development of novel neuroplastogenic small-molecule therapeutics for the treatment of depression, anxiety, and addiction disorders. Leveraging its unique discovery and development platform, the Psybrary™, which houses proprietary information on the use and development of existing and novel molecules for specific mental health indications, Enveric seeks to develop a robust intellectual property portfolio of novel drug candidates. Enveric’s lead molecule, EB-003, is a potential first-in-class neuroplastogen designed to promote neuroplasticity, without inducing hallucinations, in patients suffering from difficult-to-address mental health disorders. Enveric is focused on advancing EB-003 towards clinical trials for the treatment of neuropsychiatric disorders while out-licensing all other novel, patented Psybrary™ drug candidates to third-party licensees advancing non-competitive market strategies for patient care. Enveric is headquartered in Naples, FL with offices in Cambridge, MA and Calgary, AB Canada. For more information, please visit www.enveric.com.

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Generally, forward-looking statements and information may be identified by the use of forward-looking terminology such as “plans,” “expects” or “does not expect,” “proposes,” “budgets,” “explores,” “schedules,” “seeks,” “estimates,” “forecasts,” “intends,” “anticipates” or “does not anticipate,” or “believes,” or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, should, would, or might occur or be achieved. Forward-looking statements may include statements regarding beliefs, plans, expectations, or intentions regarding the future and are based on the beliefs of management as well as assumptions made by and information currently available to management, including, but not limited to, statements regarding the completion of the offering, the satisfaction of customary closing conditions related to the offering and the anticipated use of proceeds therefrom. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including, but not limited to, the ability of Enveric to: successfully outlicense patented Psybrary™ drug candidates to third-party licensees; negotiate and finalize definitive agreements based on any of its out-licensing term sheets and for licensees to perform pursuant to the terms thereof; finalize and submit its IND filing to the U.S. Food and Drug Administration; carry out successful clinical programs; achieve the value creation contemplated by technical developments; avoid delays in planned clinical trials; establish that potential products are efficacious or safe in preclinical or clinical trials; establish or maintain collaborations for the development of therapeutic candidates; obtain appropriate or necessary governmental approvals to market potential products; obtain future funding for product development and working capital on commercially reasonable terms; scale-up manufacture of product candidates; respond to changes in the size and nature of competitors; hire and retain key executives and scientists; secure and enforce legal rights related to Enveric’s products, including patent protection; identify and pursue alternative routes to capture value from its research and development pipeline assets; continue as a going concern; and manage its future growth effectively.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250130844568/en/

Investor Relations

Tiberend Strategic Advisors, Inc.

David Irish

(231) 632-0002

[email protected]

Media Relations

Tiberend Strategic Advisors, Inc.

Casey McDonald

(646) 577-8520

[email protected]

KEYWORDS: United States North America Canada Massachusetts

INDUSTRY KEYWORDS: Biotechnology General Health Health Mental Health

MEDIA:

Logo

Kayne Anderson BDC, Inc. Announces Fourth Quarter 2024 Earnings Release and Conference Call

CHICAGO–(BUSINESS WIRE)–
Kayne Anderson BDC, Inc. (NYSE: KBDC) (“KBDC”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, announced today that it will release its financial results for the fourth quarter ended December 31, 2024 on Monday, March 3, 2025, after the close of financial markets. KBDC will host a conference call at 10:00 am ET on Tuesday, March 4, 2025, to review its financial results.

All interested parties are invited to participate using the following telephone dial-in or the webcast details:

Telephone Dial-in

• Domestic: 800-715-9871

• International: +1 646-307-1963

• Conference ID: 2616610

Webcast Link

• https://events.q4inc.com/attendee/492347388

To avoid potential delays, please join at least 10 minutes prior to the start of the earnings call. A telephone replay will also be available by dialing 800-770-2030 (domestic) and +1 609-800-9909 (international). The replay will be available until March 12, 2025.

About Kayne Anderson BDC, Inc.

Kayne Anderson BDC, Inc. is a business development company (“BDC”) that invests primarily in first lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle market companies. KBDC is externally managed by its investment adviser, KA Credit Advisors, LLC, an indirect controlled subsidiary of Kayne Anderson Capital Advisors, L.P., a prominent alternative investment management firm. KBDC has elected to be regulated as a BDC under the Investment Company Act of 1940, as amended (“1940 Act”). KBDC’s investment objective is to generate current income and, to a lesser extent, capital appreciation. For more information, please visit www.kaynebdc.com.

Forward-looking Statements

This press release may contain “forward-looking statements” that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about KBDC, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond KBDC’s control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in KBDC’s filings with the SEC. All forward-looking statements speak only as of the date of this press release. KBDC does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250130599539/en/

Investor Relations

[email protected]

KEYWORDS: Illinois United States North America

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

Logo