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Luda Technology Group Limited Announces Closing of the Underwriter’s Over-Allotment Option in Connection with its Initial Public Offering

Hong Kong, April 07, 2025 (GLOBE NEWSWIRE) — Luda Technology Group Limited (the “Company” or “Luda Technology”), (NYSE: LUD), a manufacturer and trader of stainless steel and carbon steel flanges and fittings products, today announced that it closed the sale of an additional 190,000 ordinary shares of the Company, pursuant to the partial exercise of the underwriter’s over-allotment option granted in connection with the Company’s initial public offering (“IPO”, together with such over-allotment closing, the “Offering”), at the IPO price of $4.00 per share, less underwriting discounts. As a result, the Company has raised aggregate gross proceeds of $10,760,000, including the previously announced IPO gross proceeds of $10,000,000, prior to deducting underwriting discounts and commissions and estimated offering expenses payable by the Company.

Revere Securities LLC (“Revere”), a full-service broker/dealer, acted as the primary underwriter for the Offering. Pacific Century Securities, LLC (“PCS”), a full-service broker/dealer, acted as the co-manager for the Offering. Loeb & Loeb LLP, CLKW Lawyers LLP in association with Michael Li & Co., China Commercial Law Firm and Conyers Dill & Pearman are acting as U.S., Hong Kong, PRC and Cayman Islands legal counsels to the Company, respectively. ZH CPA, LLC is acting as the reporting accountant of the Company. VCL Law LLP is acting as U.S. legal counsel to Revere and PCS for the Offering.

The Offering is being conducted pursuant to the Company’s registration statement on Form F-1 (File No. 333-283680), as amended, previously filed with, and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on February 26, 2025. The Offering is being made only by means of a prospectus, forming part of the registration statement. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. Copies of the final prospectus related to the Offering may be obtained, when available, from Revere Securities LLC, 560 Lexington Ave 16th floor, New York, NY, 10022, by phone at +1 212 688 2350 or by email at [email protected] or Pacific Century Securities, LLC, 60-20 Woodside Avenue Ste 211, Queens, NY 11377, by phone at +1 212 970 8868 or by email at [email protected] In addition, a copy of the final prospectus, when available, relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Luda Technology Group Limited

We are a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. Our history began with Luda Development Limited, which was incorporated in Hong Kong in 2004 and is principally engaged in the trading of steel flanges and fittings. In 2005, the Company’s business expanded further upstream when Luda (Taian) Industrial Company Limited was set up to commence the manufacturing of flanges and fittings with self-owned factory in China. We have established an operation history of over 20 years. We are principally engaged in (i) the manufacture and sale of stainless steel and carbon steel flanges and fittings products, and (ii) trading of steel pipes, valves, and other steel tubing products. We are headquartered in Hong Kong with manufacturing base in Taian City, Shandong Province of the PRC. Our sales network comprises customers from China, South America, Australia, Europe, Asia (excluding China) and North America and our customers comprise manufacturers and traders from the chemical, petrochemical, maritime and manufacturing industries. For more information, please visit https://www.ludahk.com/en.

FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the preliminary prospectus filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and Luda Technology Group Limited specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

For more information, please contact:

Luda Technology Group Limited Investor Relations Contact:

Unit H, 13/F, Kaiser Estate Phase 2,
47-53 Man Yue Street, Hung Hom, Kowloon,
Hong Kong SAR, China
Phone: (+852) 2994 8774
Email: [email protected]

  
Underwriters Inquiries:

Revere Securities LLC
560 Lexington Ave 16th floor, New York, NY, 10022
Phone: +1 212 688 2350
Email: [email protected]

Pacific Century Securities, LLC
Francis Ong, CEO – Investment Banking
60-20 Woodside Avenue Ste 211, Queens, NY 11377
Phone: +1 212 970 8868
Email: [email protected]



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FLUENCE ENERGY (NASDAQ: FLNC) INVESTOR ALERT: Berger Montague Advises Investors to Inquire About a Securities Fraud Class Action

PHILADELPHIA, April 07, 2025 (GLOBE NEWSWIRE) — Berger Montague PC advises investors that a securities class action lawsuit has been filed against Fluence Energy, Inc. (“Fluence” or the “Company”) (NASDAQ: FLNC) on behalf of purchasers of Fluence securities between November 29, 2023 through February 10, 2025, inclusive (the “Class Period”).


Investor Deadline: Investors who purchased or acquired

Fluence

securities during the Class Period may, no later than


MAY 12, 2025


, seek to be appointed as a lead plaintiff representative of the class. To learn your rights,




CLICK HERE




.

Headquartered in Arlington, VA, Fluence develops energy storage and energy optimization software solutions.

According to the lawsuit, throughout the Class Period, Defendants misled investors as to the fact that Fluence’s relationship with its founders and largest sources of revenue, Siemens AG and The AES Corporation, was poised to decline. Siemens had accused Fluence of engineering failures and fraud, and given that Siemens and AES had taken steps to divest, Fluence’s margins and revenue growth were artificially inflated.


To learn your rights or for more information,




CLICK HERE




or please contact Berger Montague: Andrew Abramowitz at




[email protected]




or (215) 875-3015, or Peter Hamner at




[email protected]


.

A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the Court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.

Berger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco and Chicago, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.

Contact:

Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
[email protected]  

Peter Hamner
Berger Montague PC
[email protected]



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VivoPower Confirms Continuation of Proposed US$180 Million Takeover Process: US Tariffs Not Expected to Affect Tembo Business

VivoPower and Energi Holdings, which has made an all-cash offer at a premium to market to acquire the Company, are progressing to the next step—the exclusive due diligence period 

Review of the proposed US tariffs announced by President Trump suggests that they are not expected to affect the Tembo electric vehicle business

LONDON, April 07, 2025 (GLOBE NEWSWIRE) — VivoPower International PLC (NASDAQ: VVPR) (“VivoPower” or the “Company”) confirmed today with Energi Holdings Limited (“Energi”) that both parties will continue to progress with the next steps of the takeover process, being the exclusive due diligence period.

An unsolicited all-cash offer to acquire all non-affiliated free float shares of VivoPower was made in March by Energi, an Abu Dhabi-headquartered energy solutions company established in 2014. Energi has US$1 billion of revenues and offices in the Middle East, Africa, South Asia, Europe, and Southeast Asia (www.energi.ae) VivoPower management has also conducted an initial review of the proposed US tariffs announced by President Donald Trump and does not expect these tariffs to have any adverse effect on the Tembo electric vehicle business. Tembo’s strategy has and will continue to focus on larger addressable markets outside of the United States for its electric vehicle solutions encompassing off-road, ruggedised on-road and public utility vehicles. Tembo does not currently have customers, partners, or suppliers in the United States.

About VivoPower 

Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focussed on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.

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. 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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Genworth Names Morris Taylor Chief Information Officer

Genworth Names Morris Taylor Chief Information Officer

RICHMOND, Va.–(BUSINESS WIRE)–
Genworth (NYSE: GNW) today announced that Morris Taylor joins the company as Senior Vice President and Chief Information Officer (CIO), effective April 7, 2025. Taylor will report to Tom McInerney, President and CEO of Genworth.

As CIO, Taylor will be responsible for designing and executing a comprehensive technology vision and strategy that aligns with Genworth and CareScout’s goals and long-term growth plans. He will play a highly visible role in accelerating digital innovation within the organization and partnering with senior technology leadership in Genworth’s U.S. Life Insurance, CareScout Services and CareScout Insurance businesses to ensure technology alignment and effectiveness.

“We are very pleased to add Morris to the Genworth and CareScout team,” said Tom McInerney, President & CEO of Genworth. “His proven success in vison-setting and strategic execution for large technology organizations will be a tremendous asset as we work to deliver a technology-enabled and human-centered experience for our customers now and in the future.”

“I am inspired by Genworth and CareScout’s mission to empower families to navigate the aging journey with confidence, as well as the company values that resonate with my own—compassion, customer focus, teamwork, and continuous improvement,” said Taylor. “Technology is a collaborative effort, and I look forward to delivering innovative customer-focused services and solutions that meet families’ needs in facing the challenges of aging.“

Taylor joins Genworth most recently from Markel, where he served as the Chief Information Officer since 2021. Prior to Markel, Taylor spent 25 years with Capital One where he led the company’s largest acquisition/integration project, as well as the transition to agile methodology and establishment of a strategic investment roadmap for the credit card partnership division. He holds a Bachelor of Science in Finance from Virginia Commonwealth University.

About Genworth Financial

Genworth Financial, Inc. (NYSE: GNW) is a Fortune 500 company focused on empowering families to navigate the aging journey with confidence, now and in the future. Headquartered in Richmond, Virginia, Genworth and its CareScout businesses provide guidance, products, and services that help people understand their caregiving options and fund their long-term care needs. Genworth is also the parent company of publicly traded Enact Holdings, Inc. (Nasdaq: ACT), a leading U.S. mortgage insurance provider. For more information on Genworth, visit genworth.com, and for more information on Enact Holdings, Inc. visit enactmi.com.

For further information:

Investors:

[email protected]

Media: Amy Rein

[email protected]

KEYWORDS: United States North America Virginia

INDUSTRY KEYWORDS: Professional Services Insurance Finance

MEDIA:

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INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Canopy Growth Corporation (CGC) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm

ATLANTA, April 07, 2025 (GLOBE NEWSWIRE) — A shareholder class action lawsuit has been filed against Canopy Growth Corporation (“Canopy Growth” or “the Company”) (NASDAQ: CGC). The lawsuit alleges that Defendants made materially false and/or misleading statements, and/or failed to disclose material adverse facts regarding Canopy Growth’s business, operations, and prospects, including allegations that: (i) Canopy Growth had incurred significant costs producing Claybourne pre-rolled joints in connection with the Claybourne product launch in Canada; (ii) the foregoing costs, in addition to certain indirect costs that Canopy Growth incurred in connection with its Storz & Bickel vaporizer devices, were likely to have a significant negative impact on the Company’s gross margins and overall financial results; and (iii) accordingly, Defendants had overstated the efficacy of the Company’s cost reduction measures and the health of its gross margins while downplaying issues with the same.  

If you bought shares of Canopy Growth between May 30, 2024 and February 6, 2025, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at [email protected], by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/canopy-growth/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is June 3, 2025.

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, and 2023, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.  

CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
[email protected]



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Procore’s Future State of Construction Report Reveals How AI, Automation, and Workforce Shifts are Shaping the Industry

Procore’s Future State of Construction Report Reveals How AI, Automation, and Workforce Shifts are Shaping the Industry

CARPINTERIA, Calif.–(BUSINESS WIRE)–
Procore Technologies, Inc. (NYSE: PCOR), a leading technology partner for every stage of construction, today released its first ever Future State of Construction Report, offering a data-driven look at the key trends and challenges shaping the construction industry across the next decade.

The inaugural report pairs extensive research and expert analysis from leading voices in the industry with survey data from over 1,200 construction decision-makers in Australia, Canada, Ireland, New Zealand, Saudi Arabia, United Arab Emirates, United Kingdom, and the United States. It offers a global, comprehensive view of emerging trends and challenges shaping the industry.

“The construction industry is at a turning point, and technology is the catalyst for its transformation,” said Procore Founder and CEO, Tooey Courtemanche. “AI, data and automation aren’t just driving efficiencies, they’re reshaping how we build, collaborate, and solve challenges. This is one of the most transformative periods in the history of construction, and at Procore, we’re committed to empowering the industry with the tools to navigate this future with confidence.”

Key Insights from the Future State of Construction Report:

  • AI and Automation are Eliminating Inefficiencies and Maximizing Productivity
    • AI and automation are poised to significantly enhance productivity in construction. 18% of project time is currently lost searching for data, and 28% is wasted due to rework.
    • 55% of construction leaders believe automation will disrupt the industry within the next five years. By integrating AI-driven preconstruction tools and automation, companies can help reduce inefficiencies, improve project planning, and boost ROI.
  • The Workforce is Changing – Upskilling and Well-Being are Critical
    • The construction workforce is undergoing a generational transformation. With 53% of workers expected to retire by 2036, companies are taking action to address this shift.
    • 47% of companies have upskilling programs in place, and 41% plan to implement them in the next year. These efforts are critical to attracting and retaining talent, especially as 60% of workers stay in construction for career growth and financial opportunities.
    • Additionally, 45% of workers cite burnout as the top reason they leave the industry, highlighting the importance of mental health support and well-being initiatives.
  • AI-Driven Insights are Reshaping Decision-Making
    • Over 80% of construction executives agree that connected historical data is crucial to project success, though 76% of civil and infrastructure builders acknowledge they are not yet fully harnessing the potential of their data.
    • AI-driven insights will optimize tasks like scheduling and workforce allocation, while human expertise will remain essential in applying these insights effectively.
  • Digital Tools are Empowering Builders to Lead the Design Process
    • 49% of construction professionals surveyed anticipate increased use of BIM for design collaboration and clash detection.
    • The design process is evolving as builders increasingly take the reins. Digital twins and AI-powered simulations will allow teams to optimize designs before construction even begins.

“Companies leveraging AI, automation, and data are continuing to unlock new efficiencies, enhance safety, and build a more resilient industry,” said Procore’s Global Technology Evangelist, Kris Lengieza. “However, at the core of every advancement in technology are the people who build. Their expertise and adaptability will determine how the industry evolves. At Procore, we believe that the future of construction isn’t just about the technology, but about how we use it to build together. We’re committed to supporting the industry as it navigates this transformation.”

To download the full Future State of Construction Report, visit here.

About Procore

Procore Technologies, Inc. (NYSE: PCOR) is a leading technology partner for every stage of construction. Built for the industry, Procore’s unified technology platform drives efficiency and mitigates risk through AI & data-driven insights and decision making. Over three million projects have run on Procore across 150+ countries. For more information, visit www.procore.com.

[email protected]

[email protected]

KEYWORDS: Australia New Zealand Australia/Oceania United States Saudi Arabia North America United Kingdom United Arab Emirates Europe Middle East Ireland Canada California

INDUSTRY KEYWORDS: Urban Planning Technology REIT Landscape Interior Design Architecture Other Construction & Property Residential Building & Real Estate Commercial Building & Real Estate Construction & Property Engineering Manufacturing Software Building Systems Mobile/Wireless Data Management Artificial Intelligence

MEDIA:

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Hot Wheels Drops the Ultimate Ferrari Dream Garage in 1:64th Scale

Hot Wheels Drops the Ultimate Ferrari Dream Garage in 1:64th Scale

Limited-edition die-cast set available for pre-order now on Mattel Creations with additional products releasing throughout 2025 and beyond

EL SEGUNDO, Calif.–(BUSINESS WIRE)–
Today, Mattel, Inc. (NASDAQ: MAT) debuted the first nine Hot Wheels® products from the brand’s recently announced partnership with Ferrari, the legendary luxury sports car manufacturer. For the first time in more than 10 years, Hot Wheels and Ferrari fans alike will have the opportunity to bring a little piece of automotive history home. The initial release includes a diverse mix of Ferrari models that celebrate the storied history of the brand, including iconic road cars such as the Ferrari F50 and modern racing cars like the Ferrari 499P Modificata.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250407191006/en/

To kick off the product releases, a boxed set of two limited-edition Hot Wheels Collector die-cast cars are available for pre-order today on Mattel Creations. The set includes a Ferrari 312 P, a tribute to the Hot Wheels brand’s first ever Ferrari model which was released in 1970, and a Ferrari 499P Modificata, the manufacturer’s modern 24 Hours of Le Mans winning racer.

To kick off the product releases, a boxed set of two limited-edition Hot Wheels Collector die-cast cars are available for pre-order today on Mattel Creations. The set includes a Ferrari 312 P, a tribute to the Hot Wheels brand’s first ever Ferrari model which was released in 1970, and a Ferrari 499P Modificata, the manufacturer’s modern 24 Hours of Le Mans winning racer.

To kick off the product releases, a boxed set of two limited-edition Hot Wheels Collector die-cast cars are available for pre-order today on Mattel Creations. The set includes a Ferrari 312 P, a tribute to the Hot Wheels brand’s first ever Ferrari model which was released in 1970, and a Ferrari 499P Modificata, the manufacturer’s modern 24 Hours of Le Mans winning racer. The product line also features a variety of premium items, with authentic details and elevated materials, and a selection of models in the Hot Wheels singles assortment, the #1 toy in the world*.

Hot Wheels has also reimagined one of Ferrari’s newest vehicles, the Ferrari SF90 Stradale, as a 1:64 scale RC car compatible with Hot Wheels track sets. With full-function controls (forward, reverse, left and right steering) the SF90 Stradale Assetto Fiorano RC gives Ferrari fans the ability to pilot one of the brands most exclusive road cars.

“This collection was developed with all Hot Wheels fans in mind, from true Ferrari connoisseurs to budding automotive enthusiasts, thanks to the attention to detail by our design team,” said Roberto Stanichi, executive vice president of Hot Wheels and Head of Vehicles & Building Sets at Mattel. “From our core die-cast available at retail worldwide to our most premium limited-edition models on Mattel Creations, fans of all ages can now bring a piece of Ferrari home.”

A complete overview of the upcoming products, including availability and suggested retail price, can be found below. The Hot Wheels products from the collaboration will hit shelves starting this summer and will be available for purchase wherever Hot Wheels products are sold. Additional announcements and product drops will follow throughout 2025 and beyond. For more information, please visit www.hotwheels.com/ferrari.

The Hot Wheels Ferrari 2025 product lineup includes:

Hot Wheels for Ferrari Heritage Set

SRP: $100.00 | Adult | Available for pre-order now on MattelCreations.com

  • Hot Wheels Ferrari 312P & Hot Wheels Ferrari 499P Modificata
  • Includes an authentic re-creation of the first-ever Hot Wheels® Ferrari car released in 1970. Bursting with silver plated red Spectraflame™ paint and Neo-Classics™ Redline wheels.
  • Also included is the highest-performance closed-wheel car derived from the 499P that triumphed at the 24 Hours of Le Mans while also sporting silver plate red Spectraflame paint and 10-spoke Real Riders™ wheels.

Hot Wheels Premium 499P Modificata

SRP: $6.49 | 3Y+ | Available in July at nationwide retailers

  • The Ferrari 499P marks a historic return to endurance racing for Ferrari, showcasing cutting-edge hybrid technology and rekindling the brand’s legacy in the prestigious 24 Hours of Le Mans competition. This Hot Wheels Premium vehicle features a full die-cast body and chassis with Real Riders wheels.

Hot Wheels Premium LaFerrari

SRP: $6.49 | 3Y+ | Available in September at nationwide retailers

  • The LaFerrari represents Ferrari’s ultimate expression of hybrid technology and performance, combining cutting-edge engineering with breathtaking power to set new standards for the brand’s supercar legacy. This Hot Wheels Premium vehicle features a full die-cast body and chassis with Real Riders wheels.

Hot Wheels Premium Ferrari F50

SRP: $6.49 | 3Y+ | Available in November at nationwide retailers

  • The Ferrari F50 is a true driver’s car, blending Formula 1-inspired technology with a street-legal roadster design, offering an unparalleled driving experience as a limited-production supercar. This Hot Wheels Premium vehicle features a full die-cast body and chassis with Real Riders wheels.

Hot Wheels Premium Ferrari 250 GTO & Fiat 642 RN2 Bartoletti Transporter

SRP: $16.99 | 3Y+ | Available in October at nationwide retailers

  • The Ferrari 250 GTO represents the pinnacle of the 250 GT series, blending advanced competition engineering with the elegance of a road car. We’ve paired it with the iconic Fiat 642 RN2 Bartoletti, historically known for transporting Ferraris to the world’s most prestigious racetracks. Both vehicles are feature Hot Wheels Premium full die-cast bodies and chassis with Real Riders wheels.

Hot Wheels Ferrari SF90 Stradale

SRP: $1.25 | 3Y+ | Available in June at nationwide retailers

  • Drive beyond dreams and accelerate from 0 to 60 in just 2.5 seconds with this scorching hybrid hypercar. The future-forward design, combined with 986 hp, makes it a spectacle of speed and elegance. After all, it’s a Ferrari.

Hot Wheels Ferrari F40 Competizione

SRP: $1.25 | 3Y+ | Available in July at nationwide retailers

  • Originally intended to race at Le Mans, the Ferrari F-40 Competizione was a much more powerful version of the F40 LM. Its reinforced chassis, 720bhp engine, racing gearbox, and other gains made it a prized possession for private collectors. A total of 8-10 vehicles were manufactured, making it a true rarity.

Hot Wheels Ferrari 365 GTB4 Competizione

SRP: $1.25 | 3Y+ | Available in August at nationwide retailers

  • With a modified engine sporting 430 bhp, and an all-aluminum body with plastic windows to lighten its load, this highly competitive endurance racer was “built for speed!” It crushed the competition with class wins at the 24 Hours of Le mans and Daytona 24 Hours.

Hot Wheels Ferrari SF90 Stradale Assetto Fiorano RC

SRP: $19.99 | 5Y+ | Available in June at nationwide retailers

  • The most iconic car brand now has its own 1:64 Hot Wheels RC version! Get behind the wheel of your own Ferrari SF90 at 1:64th scale! On & off-track fun! The only RC able to go through loops! Use the full-function control (forward, reverse, left and right steering) for blistering speed and amazing stunts.

About Mattel

Mattel is a leading global toy and family entertainment company and owner of one of the most iconic brand portfolios in the world. We engage consumers and fans through our franchise brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends™, UNO®, Masters of the Universe®, Matchbox®, Monster High®, MEGA® and Polly Pocket®, as well as other popular properties that we own or license in partnership with global entertainment companies. Our offerings include toys, content, consumer products, digital and live experiences. Our products are sold in collaboration with the world’s leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering generations to explore the wonder of childhood and reach their full potential. Visit us at mattel.com.

Source: Circana, LLC, Retail Tracking Service, G10 (US,CA,BR,SP,IT,DE,UK,FR,AU,MX), Total Toys, Projected USD, JAN – DEC 2024

MAT-W

Press Contacts:

Mattel Press Office

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Retail Toys Other Automotive General Automotive Automotive

MEDIA:

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To kick off the product releases, a boxed set of two limited-edition Hot Wheels Collector die-cast cars are available for pre-order today on Mattel Creations. The set includes a Ferrari 312 P, a tribute to the Hot Wheels brand’s first ever Ferrari model which was released in 1970, and a Ferrari 499P Modificata, the manufacturer’s modern 24 Hours of Le Mans winning racer.
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Hot Wheels Ferrari 312P & Hot Wheels Ferrari 499P Modificata includes an authentic re-creation of the first-ever Hot Wheels® Ferrari car released in 1970. Bursting with silver plated red Spectraflame™ paint and Neo-Classics™ Redline wheels.
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For the first time in more than 10 years, Hot Wheels and Ferrari fans alike will have the opportunity to bring a little piece of automotive history home.
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B. Riley Financial Announces Private Bond Exchange to Reduce Debt by Approximately $12 Million

PR Newswire


LOS ANGELES
, April 7, 2025 /PRNewswire/ — B. Riley Financial, Inc. (NASDAQ: RILY) (“BRF” or the “Company”), a diversified financial services company, today announced it has entered into a privately negotiated exchange agreement (the “Agreement”) with an institutional investor, which will reduce the Company’s total outstanding debt by approximately $12 million.

Pursuant to the Agreement and subject to the completion of certain closing procedures, the investor has agreed to exchange approximately $22 million in outstanding Senior Notes for $10 million in newly issued 8.00% Senior Secured Second Lien Notes due January 1, 2028 (the “Notes”). In addition, the Company is issuing to the investor warrants to purchase an aggregate of approximately 40,000 common shares at an exercise price of $10.00 per share. The warrants are exercisable for a period of seven years from the issuance date.


Bryant Riley, Chairman and Co-Chief Executive Officer of BRF, said: “This second exchange is another step forward as we work to strengthen our capital structure. We will continue to utilize the remaining capacity under our Senior Secured Second Lien facility to conduct additional transactions to improve our balance sheet.”

Moelis & Company LLC acted as financial advisor and Sullivan & Cromwell LLP acted as legal advisor to BRF with respect to the Agreement.

No Offer or Solicitation
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall it constitute an offer to sell, solicitation or sale of securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful.

About B. Riley Financial
B. Riley Financial (BRF) is a diversified financial services company that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. BRF leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. Through its subsidiaries and affiliated entities, BRF provides end-to-end financial services across investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, operations management, risk and compliance, due diligence, forensic accounting, litigation support, appraisal and valuation, auction, and liquidation services. BRF opportunistically invests to benefit its shareholders, and certain affiliates originate and underwrite senior secured loans for asset-rich companies. BRF refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates. For more information, please visit www.brileyfin.com.

Forward-Looking Statements

Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management’s current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today’s date. All statements other than statements of historical fact are forward-looking statements and include the completion of the closing procedures related to the exchange. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements speak only as of the date they are made and the Company assumes no duty to update forward-looking statements, except as required by law. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company’s periodic filings with the SEC, including, without limitation, the risks described in the Company’s 2023 Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and the Company undertakes no duty to update this information.

Contacts

Investors


[email protected]

Media


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SOURCE B. Riley Financial

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AMTD to Roll out World’s First Ever “L’OFFICIEL COFFEE” in Q2

AMTD to Roll out World’s First Ever “L’OFFICIEL COFFEE” in Q2

PARIS & NEW YORK & SINGAPORE–(BUSINESS WIRE)–
AMTD Group Inc. (“AMTD” or the “Group”), alongside AMTD IDEA Group and AMTD Digital, jointly announced thatL’OFFICIEL, the global fashion media founded in France in 1921, will open the world’s first L’OFFICIEL COFFEE in 2nd quarter of this year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250407990289/en/

L’OFFICIEL COFFEE will express the spirit and voice of L’OFFICIEL – a bible of fashion and culture.

L’OFFICIEL COFFEE, which embodies L’OFFICIEL’s aesthetic and history, will offer carefully selected specialty coffees, beautifully designed sweets, and meticulously crafted café menus, providing visitors with a special experience of luxury in a casual style. The carefully selected materials and attention to details for the design create a unique space that brings L’OFFICIEL’s world to life.

L’OFFICIEL COFFEE offers a new experience that engages all five senses in a space where fashion, lifestyle and culture converge.

About AMTD Group

AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality areas.

About L’Officiel

L’Officiel (www.lofficiel.com) is a leading global media company with a century-long brand legacy, based in Paris since 1921. Present in over 30 countries worldwide, L’Officiel is recognized as a leading luxury and fashion media brand, serving as an international reference for French style and pioneering in fashion, beauty, lifestyle, and contemporary society.

About L’OFFICIEL COFFEE

L’OFFICIEL COFFEE, which embodies L’OFFICIEL’s aesthetic and history, offers carefully selected specialty coffees, beautifully designed sweets, and meticulously crafted café menus, providing visitors with a special experience of luxury in a casual style. AMTD Group will roll out L’OFFICIEL COFFEE in major markets around the world, starting in 2025.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients’ diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as “Twitter”) at @AMTDGroup.

About AMTD Digital Inc.

AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital’s announcements, please visit https://ir.amtdigital.net/investor-news.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group and/or AMTD Digital, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group and/or AMTD Digital with the SEC. All information provided in this press release is as of the date of this press release, and neither AMTD IDEA Group nor AMTD Digital undertakes any obligation to update any forward-looking statement, except as required under applicable law.

For AMTD IDEA Group:

IR Office

AMTD IDEA Group

EMAIL: [email protected]

For AMTD Digital Inc.:

IR Office

AMTD Digital Inc.

EMAIL: [email protected]

KEYWORDS: Southeast Asia Singapore North America Asia Pacific Japan Europe United States France New York

INDUSTRY KEYWORDS: Restaurant/Bar Destinations Media Travel Communications Fashion Luxury Retail

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Vibrant New Addition to the JdV by Hyatt Brand – TOOR Hotel – Opens in Downtown Toronto

Vibrant New Addition to the JdV by Hyatt Brand – TOOR Hotel – Opens in Downtown Toronto

New upscale lifestyle hotel brings an elevated experience to the heart of Toronto

CHICAGO–(BUSINESS WIRE)–Hyatt Hotels Corporation (NYSE:H) announced today the opening of TOOR Hotel, a stylish new upscale lifestyle hotel in Toronto’s lively Garden District. As the second JdV by Hyatt hotel in the city, and the third in Canada, TOOR Hotel expands the brand’s presence in one of Canada’s most dynamic destinations.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250407256869/en/

TOOR Hotel, JdV by Hyatt

TOOR Hotel, JdV by Hyatt

Embodying the free-spirited essence of the JdV by Hyatt brand, TOOR Hotel offers a thoughtfully curated experience in its urban location at 203 Jarvis Street. With cultural landmarks like the Royal Ontario Museum and business hubs including the Financial District, the hotel serves as the perfect locale for exploring Toronto. Whether browsing vibrant markets or unwinding at Muse Bistro + Bar, guests can enjoy an experience that is distinctly “yours truly.”

“TOOR Hotel is a vibrant space where travelers can truly connect with the culture, diversity and energy of this remarkable city,” said Katie Johnson, vice president, global brand leader for Hyatt. “From its bold design to its welcoming atmosphere, the hotel reflects the lively spirit of Toronto and the independent ethos of the JdV by Hyatt brand. We look forward to giving our World of Hyatt members another exciting destination to visit.”

Stay with Style in the City

TOOR Hotel serves as a stylish gateway to Toronto with 232 thoughtfully designed guestrooms and suites. Floor-to-ceiling windows showcase breathtaking city and lake views, blending comfort with contemporary style. TOOR Hotel is owned and managed by Manga Hotel Group which is based in Toronto, Ontario, Canada.

Sukhdev Toor, president and CEO of Manga Hotel Group, and the namesake of TOOR Hotel, notes, “As Toronto continues to grow as a global destination, TOOR Hotel offers an elevated yet welcoming experience for guests. From the downtown positioning to our thoughtfully designed spaces and architecture, no detail has been spared. We are thrilled to open our doors and welcome travellers with the warmth of true Canadian hospitality.”

A Taste of Paris in Toronto

Savor French-inspired cuisine at Muse Bistro + Bar, a modern European dining experience featuring bistro-style fare, handcrafted cocktails, and an extensive wine list. Guests can enjoy vibrant city views from the dining room; open daily for breakfast and dinner. For those who prefer a cozy night in, room service is offered seven days a week.

Gather and Celebrate

TOOR Hotel offers a variety of stylish event spaces, making it an ideal venue for weddings, corporate meetings, and social gatherings supported by joy-driven service.

  • Garden Room: A bright, airy 255-square-foot space overlooking Toronto’s city streets.
  • Lake Room: A 277-square-foot boardroom on the mezzanine level of the hotel, conveniently located next to Muse Bistro + Bar, where guests can break out into larger groups.
  • 14th-floor Terrace: Offers 2,715-square-feet of event space with stunning views of downtown Toronto.
  • Muse on the Mezzanine: Accommodates up to 150 guests, Muse Bistro + Bar is a striking venue featuring floor-to-ceiling windows and French-inspired cuisine.

Fitness With a View

Guests can recharge in the state-of-the-art fitness studio, featuring Peloton bikes, rowers and top-tier equipment. Located on the 14th floor, the space boasts floor-to-ceiling windows with panoramic city views, along with a terrace for fresh-air workouts or moments of relaxation.

TOOR Hotel is joining the World of Hyatt program and is accepting reservations for stays from April 3, 2025 and beyond. For more information or to book a reservation, please visit www.toorhotel.com or https://www.hyatt.com/en-US/hotel/canada/jdv-toor-hotel/torzt.

For a limited time, visit www.toorhoteltoronto.com to save 20% off your qualifying stay or book for a minimum of 2 nights and receive $100 in food and beverage credit per stay. Terms Apply.

To learn more about the JdV by Hyatt brand, please visit https://www.hyatt.com/brands/jdv-by-hyatt.

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

About Hyatt Hotels Corporation

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of December 31, 2024, the Company’s portfolio included more than 1,400 hotels and all-inclusive properties in 79 countries across six continents. The Company’s offering includes brands in the Luxury Portfolio, including Park Hyatt®, Alila®, Miraval®, Impression by Secrets, and The Unbound Collection by Hyatt®; the Lifestyle Portfolio, including Andaz®, Thompson Hotels®, The Standard®, Dream® Hotels, The StandardX, Breathless Resorts & Spas®, JdV by Hyatt®, Bunkhouse® Hotels, and Me and All Hotels; the Inclusive Collection, including Zoëtry® Wellness & Spa Resorts, Hyatt Ziva®, Hyatt Zilara®, Secrets® Resorts & Spas, Dreams® Resorts & Spas, Hyatt Vivid Hotels & Resorts, Sunscape® Resorts & Spas, and Alua Hotels & Resorts®; the Classics Portfolio, including Grand Hyatt®, Hyatt Regency®, Destination by Hyatt®, Hyatt Centric®, Hyatt Vacation Club®, and Hyatt®; and the Essentials Portfolio, including Caption by Hyatt®, Hyatt Place®, Hyatt House®, Hyatt Studios, and UrCove. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Mr & Mrs Smith, Unlimited Vacation Club®, Amstar® DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

About JdV by Hyatt

A community for the spirited, the light-hearted, the young-at-heart, the JdV by Hyatt brand offers a collection of vibrant, independent hotels that are true reflections of the urban neighborhoods we call home. Embracing its namesake (joie de vivre), the JdV by Hyatt brand invites guests and locals alike to connect, live in the moment and celebrate the joy of life. Each hotel provides an experience that is inclusive in spirit and space, inviting all to make each stay yours truly. Follow @JDVHotels on Facebook, Instagram, and X for news and updates. For more information, please visit www.jdvbyhyatt.com.

About Manga Hotel Group

Manga Hotel Group is one of the largest privately held hospitality companies in Canada specializing in the acquisition, development, and management of real estate. The company focuses on high-quality residences, independent hotels and hotels affiliated with brands such as Hilton, Marriott, Hyatt, and InterContinental Hotel Group in Canada and the United States. Currently, Manga Hotel Group owns and operates 33 hotels with over 6,000 rooms and an additional 1,250 rooms in the pipeline. Manga Hotels has been acquiring, developing, investing in, and operating hotels for over 35 years. With expertise in strategic investments and the successful operation of the properties it owns and manages, Manga is a leader in the hospitality industry. It has extensive experience in the construction and development of real estate having built over a dozen properties and having renovated, repositioned, and rebranded numerous others. Visit mangahotels.com for more information.

About TOOR Hotel

TOOR Hotel is an upscale urban hotel that offers a distinctive and inspired experience curated for the modern traveler. Backed by a history of excellence in hotel operations, TOOR Hotel is proudly Canadian and represents the values its citizens are known for globally – hospitality and approachability. Design-forward, comfortable, and memorable, TOOR Hotel features destination dining, valet parking, a 1,500- square-foot fitness center and yoga studio, a 3,000-square-foot southern terrace on the 14th floor, and an additional 1,100-square-feet of meeting and event space. Transforming Toronto’s skyline, this upscale property provides the perfect setting for embracing the vibrant and diverse experiences the city has to offer. Stay with style in the city at TOOR Hotel. Visit toorhotel.com for more information.

Forward-Looking Statements

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. These statements include statements about Hyatt’s involve known and unknown risks that are difficult to predict. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, general economic uncertainty in key global markets and a worsening of global economic conditions or low levels of economic growth; the rate and pace of economic recovery following economic downturns; global supply chain constraints and interruptions, rising costs of construction-related labor and materials, and increases in costs due to inflation or other factors that may not be fully offset by increases in revenues in our business; risks affecting the luxury, resort, and all-inclusive lodging segments; levels of spending in business, leisure, and group segments, as well as consumer confidence; declines in occupancy and average daily rate; limited visibility with respect to future bookings; loss of key personnel; domestic and international political, including geopolitical conditions and political or civil unrest or changes in trade policy; hostilities, or fear of hostilities, including future terrorist attacks, that affect travel; travel-related accidents; natural or man-made disasters, weather and climate-related events, such as hurricanes, earthquakes, tsunamis, tornadoes, droughts, floods, wildfires, oil spills, nuclear incidents, and global outbreaks of pandemics or contagious diseases, or fear of such outbreaks; our ability to successfully achieve specified levels of operating profits at hotels that have performance tests or guarantees in favor of our third-party owners; the impact of hotel renovations and redevelopments; risks associated with our capital allocation plans, share repurchase program, and dividend payments, including a reduction in, or elimination or suspension of, repurchase activity or dividend payments; the seasonal and cyclical nature of the real estate and hospitality businesses; changes in distribution arrangements, such as through internet travel intermediaries; changes in the tastes and preferences of our customers; relationships with colleagues and labor unions and changes in labor laws; the financial condition of, and our relationships with, third-party owners, franchisees, and hospitality venture partners; the possible inability of third-party owners, franchisees, or development partners to access the capital necessary to fund current operations or implement our plans for growth; risks associated with potential acquisitions and dispositions and our ability to successfully integrate completed acquisitions with existing operations; failure to successfully complete proposed transactions (including the failure to satisfy closing conditions or obtain required approvals); our ability to maintain effective internal control over financial reporting and disclosure controls and procedures; declines in the value of our real estate assets; unforeseen terminations of our management and hotel services agreements or franchise agreements; changes in federal, state, local, or foreign tax law; increases in interest rates, wages, and other operating costs; foreign exchange rate fluctuations or currency restructurings; risks associated with the introduction of new brand concepts, including lack of acceptance of new brands or innovation; general volatility of the capital markets and our ability to access such markets; changes in the competitive environment in our industry, industry consolidation, and the markets where we operate; our ability to successfully grow the World of Hyatt loyalty program and manage the Unlimited Vacation Club paid membership program; cyber incidents and information technology failures; outcomes of legal or administrative proceedings; and violations of regulations or laws related to our franchising business and licensing businesses and our international operations; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including our annual report on Form 10-K and our Quarterly Reports on Form 10-Q, which filings are available from the SEC. These factors are not necessarily all of the important factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. We caution you not to place undue reliance on any forward-looking statements, which are made only as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Media Contact:

Emily Mekstan

Hyatt

[email protected]

KEYWORDS: United States North America Canada Illinois

INDUSTRY KEYWORDS: Lodging Destinations Construction & Property Vacation Travel Other Transport Interior Design Transport Retail Other Construction & Property Restaurant/Bar

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TOOR Hotel, JdV by Hyatt
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