U.S. GoldMining Discovers New High Grade Zone at Raintree Prospect, Whistler Gold-Copper Project, Alaska

PR Newswire


ANCHORAGE, Alaska
, Feb. 10, 2025 /PRNewswire/ – U.S. GoldMining Inc. (NASDAQ: USGO) (“U.S. GoldMining” or the “Company“) is pleased to announce new assay results from the 2024 confirmatory diamond core drilling program completed at the Whistler Gold-Copper Project (the “Project“) in Alaska, U.S.A.

The results reported in this news release highlight WH24-05, which was drilled adjacent to the Raintree West Deposit (the “RaintreeDeposit“). The drilling intercepted multiple zones of high-grade gold and silver polymetallic mineralization approximately 500 meters south of any prior drilling at the deposit.

Selected Highlights:

  • Main Zone composite intercept of 138.0
     meters (m) at 0.99 grams per tonne (g/t) gold equivalent (AuEq)* comprising 0.89 g/t gold (Au) and 0.05 percent (%) copper (Cu), plus 17.57 g/t silver (Ag), 0.44% lead (Pb) and 0.95% zinc (Zn) (elevated Ag, Pb and Zn grades are excluded in the AuEq calculations), from 635.0 m to 773.0 m down hole.
  • Including higher-grade individual intercepts:

    • 26 m at 1.48 g/t AuEq (1.36 g/t Au, 0.06% Cu) plus 15.38 g/t Ag, 0.69% Pb and 1.61% Zn
    • 34 m at 1.65 g/t AuEq (1.49 g/t Au, 0.08% Cu) plus 19.95 g/t Ag, 0.81% Pb and 1.35% Zn
    • 18 m at 1.93 g/t AuEq (1.70 g/t Au, 0.13% Cu) plus 66.33 g/t Ag, 0.62% Pb and 1.84% Zn
  • The drill intercept represents a relatively new style of mineralization – high-grade gold and silver polymetallic veins – with only one other intercept previously drilled at the Raintree Deposit:
  • This new discovery validates the Company’s exploration strategy of exploring the Project to maximize its resource potential. Additional follow-up drilling is planned this coming summer.

*See Table 1 for further information.

Tim Smith, Chief Executive Officer of U.S. GoldMining, commented: “This last drill hole in 2024 was designed to build on the successful season the Company had at the Whistler Deposit, which included the expansion of the western high-grade core at that deposit and returned results including 458 m at 0.75 g/t AuEq (see February 3, 2025 press release). For the final core hole drilled in 2024, we returned to the Raintree Prospect with the objective to drill test a very compelling exploration target, comprising a previously undrilled porphyry intrusion coupled with a large high intensity IP chargeability anomaly located 500 meters south of the existing Raintree Deposit. While the porphyry-style alteration and veining observed in the upper part of drill hole WH24-05 is encouraging for an early-stage drill prospect, the high-grade gold and silver in polymetallic veins intersected in the lower part of the drill hole significantly exceeded our expectations.

The mineralization is visually impressive, consisting of multiple quartz-carbonate veins with abundant coarse base metal sulphides over tens of meters down-hole. Drill core assays highlight high-grade gold and silver values, peaking at 7.15 g/t Au and 189 g/t Ag, along with peak base metal values of up to 5.4% Zn and 3.6% Pb, sampled over individual 2 meter core length intervals. The Company’s geologists are excited to get back into the field this coming summer to undertake follow-up drilling to further explore, delineate and extend this new zone of mineralization, which could potentially offer additional and alternative metal resources to the existing Project mineral resource estimate.

The Company is now compiling all exploration results and geological datasets collected during the 2024 drill season to update its exploration target prioritization and commence planning for the upcoming 2025 drill season to continue the re-discovery of the Whistler Project.”

2024 Drilling Program Summary

The Company completed six diamond core holes for 4,006 meters during the 2024 field season at the Project. In addition to four drill holes for 2,784 meters completed at the Whistler Deposit, two drill holes for 1,224 meters were completed at the Raintree Deposit (see Figure 1), located approximately one kilometer east of the Whistler Deposit. With this news release, all assay results from the 2024 field season are now reported.

The Raintree component of the Project mineral resource estimate comprises both open pit constrained and underground delineated deposits (see news release dated October 7, 2024).

Raintree Open Pit at US$10/t cutoff: 8.9 Mt at 0.63 g/t AuEq (0.46 g/t Au, 0.08% Cu and 4.81 g/t Ag) for 180,000 oz AuEq (131 Koz Au, 16 Mlbs Cu and 1.38 Moz Ag) classified as indicated, and 15.1 Mt at 0.69 g/t AuEq (0.55 g/t Au, 0.06% Cu and 4.36 g/t Ag) for 335,000 oz AuEq (267 Koz Au, 21 Mlbs Cu and 2.11 Moz Ag) classified as inferred.

Raintree Underground at US$25/t cutoff: 3.1 Mt at 1.03 g/t AuEq (0.79 g/t Au, 0.13% Cu and 4.49 g/t Ag) for 101,000 oz AuEq (78 Koz Au, 9 Mlbs Cu and 0.44 Moz Ag) classified as indicated, and 40.4 Mt at 0.98 g/t AuEq (0.76 g/t Au, 0.12% Cu and 3.31 g/t Ag) for 1,275,000 oz AuEq (994 Koz Au, 103 Mlbs Cu and 4.3 Moz Ag) classified as inferred.

The Raintree Deposit lies within the broader ‘Raintree Prospect’ area, which in addition to the Raintree Deposit itself contains several drill prospects and exploration targets over a 2 km diameter, including ‘Raintree North’, ‘Raintree East’ and ‘Raintree South’. Compared to the Whistler Deposit, which has over 22,000 meters of drilling, the entire Raintree Prospect comprises just 5,190 meters of historic drilling. The Company’s strategy to date has been to focus on confirmatory drilling and studies to delineate and, where possible, expand the open pit portion of the Whistler and Raintree Deposits. With drill hole WH24-05, the Company has ventured into new terrane, with exploration into a never before drilled section of the Raintree Prospect to test newly identified conceptual targets south of the Raintree open pit portion.

Raintree Prospect – Geology

The Raintree Prospect area is characterized by a swarm of small intrusive diorite porphyry bodies – dykes, sills and stocks – of the Whistler Intrusive Suite (WIS), hosted within a sequence of andesite lavas and related volcaniclastic rocks. This geological setting contrasts to the Whistler Deposit, a large (600 m x 800 m) ovoid shaped WIS diorite porphyry intrusion, hosted within basement sedimentary rocks of the Mesozoic Kahiltna Formation. The Raintree Prospects are interpreted to have formed at a higher stratigraphic level relative to the Whistler Deposit. Additionally, the Raintree porphyry dykes and stocks intersected to date are distinguished by their lower magnetite content compared to the highly magnetic diorite porphyry of the Whistler Deposit.

The Raintree Deposit comprises both porphyry style Au-Cu-Ag mineralization and overprinting polymetallic vein style Au-Ag-Pb-Zn±Cu mineralization. This contrasts with mineralization at the Whistler Deposit which is almost entirely made up of porphyry style Au-Cu-Ag mineralization. At Raintree Deposit, porphyry-style mineralization is confined to the porphyry diorite intrusives (dykes and stocks), comprising B type veins and disseminated sulphide mineralization like the Whistler Deposit. Whereas late-stage polymetallic vein style mineralization occurs in both the porphyry intrusive rocks and andesite extrusive rocks and is characterized by disseminated and semi-massive pyrite, galena, sphalerite, tetrahedrite, and chalcopyrite in quartz-carbonate veins. Vein contacts are generally sharp and distinct with associated narrow sericite and chlorite alteration halos.

An initial 2024 confirmatory infill drill hole at Raintree West – WH24-01 – aimed to validate the current geological model and to also test potential to expand the existing resource. WH24-01 was drilled into the area of the constraining pit shell for the Raintree West Open Pit deposit, with the objective of collecting additional information about the style, geometry, continuity and controls on mineralization hosted therein. As previously reported (see news release dated September 30, 2024), WH24-01 intersected 61.4 m at 0.53 g/t AuEq (0.36 g/t Au, 0.09% Cu, 4.4 g/t Ag) comprising A & B type vein and disseminated sulphide mineralization hosted within diorite porphyry. In addition, WH24-01 intersected multiple occurrences of porphyry-distal D-style polymetallic veins, including a broad zone of veining which returned 17.0 m at 0.33 g/t Au, 0.07% Cu, 42.0 g/t Ag, 0.33% Pb and 0.75% Zn from 249 m downhole, and which included a higher grade interval of 4.0 m at 0.78 g/t Au, 0.22% Cu, 171.6 g/t Ag, 1.19% Pb and 2.53% Zn.

The 2024 Raintree Prospect drilling is the first exploration completed in the area since 2011; therefore, the Company has taken the approach to systematically analyze prior exploration and geological data across the mineral system. It is noted that previous shallow scout drilling immediately south of the currently defined Raintree Deposit identified strong phyllic alteration associated with diorite porphyries and hydrothermal breccias intruding andesitic volcaniclastic rocks. Both the diorite and volcanic rocks are cross-cut by D-style veinlets, which was interpreted as being potentially indicative of a nearby porphyry center. The target is also supported by geophysical evidence including a broad IP chargeability anomaly, which is generally interpreted to be associated with phyllic (quartz-sericite-pyrite) alteration. 

WH24-05 Drilling Results Discussion

WH24-05 subsequently aimed to explore for additional mineralizing dykes associated with the Raintree dyke swarm, immediately adjacent to (south of) the currently defined Raintree Deposit. Drilling intersected multiple porphyry intrusions (dykes) within a thick package of andesite extrusives and associated volcaniclastic rocks, including several zones of low-grade porphyry style mineralization in the upper section of the drill hole. Drilling was extended to depth to test the deeper IP chargeability anomaly, subsequently intersecting several zones of porphyry-distal polymetallic D-veining, including the following drill intercepts: 

  • Main Zone intercept of 138.0
     m at 0.99 g/t AuEq (0.89 g/t Au, 0.05 % Cu), plus 17.57 g/t Ag, 0.44% Pb and 0.95% Zn, from 635.0 m downhole; which contains three higher-grade vein zones:

    • 26 m at 1.48 g/t AuEq (1.36 g/t Au, 0.06% Cu) plus 15.38 g/t Ag, 0.69% Pb and 1.61% Zn, from 635 m downhole; and
    • 34 m at 1.65 g/t AuEq (1.49 g/t Au, 0.08% Cu) plus 19.95 g/t Ag, 0.81% Pb and 1.35% Zn, from 681 m downhole; and
    • 18 m at 1.93 g/t AuEq (1.70 g/t Au, 0.13% Cu) plus 66.33 g/t Ag, 0.62% Pb and 1.84% Zn, from 755 m downhole.

The gold and silver bearing polymetallic veins intersected in WH24-05 comprise late-stage quartz-carbonate veins with semi-massive pyrite, galena, sphalerite, tetrahedrite and chalcopyrite. Some of the polymetallic veins intersected in WH24-05 exhibit sub-epithermal textures. The mineralized veins are oriented moderately to steeply dipping, striking NE-SW and NW-SE orientations forming a conjugate set. The mineralized envelope geometry is interpreted to be likely parallel to the overall NW-SE orientation of the Raintree Deposit mineralization, which will be confirmed by follow-up drilling. 

The Company is currently assessing the significance of this relatively new style of vein-hosted mineralization intersected in WH24-05. Most porphyry mineral systems contain similar late-stage polymetallic veins, which range from distal to more proximal D-style veins. These veins themselves may be of direct exploration interest or may provide vectors to additional nearby porphyry style mineralization. Drill core composites have been collected to undertake petrographic analysis and metallurgical test work to determine the gold and silver deportment and metal recoverability. Additional drilling is planned for this coming summer to further explore and delineate this new discovery and if applicable, incorporate this newly identified mineralization into the Raintree Deposit.

Table 1 –Project drill assay intercepts from the 2024 drilling program, received as of February 10, 2024. Bold intervals correspond with those reported in the ‘highlights’ section above.


Hole Number


Interval 
From 


(m) 


Interval 
To 
(m) 


Core 
Length 
(m) 


Gold 
Grade 
(g/t) 


Copper 
Grade 
(%) 


Silver 
Grade 
(g/t) 


AuEq 
(g/t)* 


Lead 
Grade 
(%) 


Zinc 
Grade 
(%) 

WH23-03-EXT   

0.41

717.00

716.59

0.68

0.15

1.40

0.93

Including

7.00

659.46

652.46

0.73

0.16

1.50

1.00

Including

131.00

307.00

176.00

1.24

0.19

1.66

1.55

And

373.50

423.00

49.50

0.92

0.10

1.82

1.10

And

441.00

457.00

16.00

1.03

0.20

1.64

1.36

And

480.00

501.00

21.00

0.80

0.35

2.11

1.37

And

523.00

539.00

16.00

0.83

0.30

1.14

1.31

And

575.00

632.00

57.00

1.07

0.17

1.18

1.36

WH23-03-EXT

698.03

717.00

18.97

0.52

0.11

1.02

0.70

WH24-01

107.00

109.00

2.00

0.45

8.60

0.58

0.61

3.07

WH24-01

147.00

151.00

4.00

0.28

7.10

0.42

0.44

1.20

WH24-01

159.00

161.00

2.00

0.64

4.50

0.72

0.29

1.59

WH24-01

249.00

266.00

17.00

0.33

0.07

41.97

0.45

0.33

0.75

Including

249.00

253.00

4.00

0.78

0.22

171.55

1.12

1.19

2.53

WH24-01

280.60

300.00

19.40

0.31

1.81

0.38

0.12

0.40

Including

284.00

286.00

2.00

1.23

4.70

1.32

0.37

1.27

WH24-01

311.00

372.38

61.38

0.36

0.09

4.43

0.53

0.14

0.39

Including

321.00

362.00

41.00

0.41

0.11

5.43

0.61

0.15

0.49

WH24-02

227.00

500.96

273.96

0.48

0.12

0.86

0.71

Including

291.00

444.00

153.00

0.65

0.14

0.74

0.90

Including

291.00

411.00

120.00

0.72

0.16

0.83

1.00

Including

297.00

337.00

40.00

0.82

0.25

1.13

1.28

And

357.00

377.00

20.00

0.96

0.16

0.93

1.26

WH24-03

40.00

52.74

12.74

1.30

0.35

2.37

1.96

385.08

525.00

139.92

0.21

0.14

0.97

0.47

Including

401.00

429.00

28.00

0.41

0.24

1.74

0.85

643.00

679.00

36.00

0.08

0.12

1.08

0.29

731.00

767.00

36.00

0.20

0.11

1.23

0.40

868.00

917.00

49.00

0.18

0.05

1.90

0.28

WH24-04

91.00

682.00

591.00

0.37

0.15

1.48

0.66

Including

224.00

682.00

458.00

0.46

0.16

1.66

0.75

Including

260.00

308.00

48.00

0.61

0.34

2.19

1.23

And

406.00

456.00

50.00

0.73

0.13

1.50

0.98


WH24-05

306.00

325.00

19.00

0.79

0.03

17.70

0.87

0.73

1.72

489.00

508.50

19.50

0.33

0.02

7.76

0.41

0.51

1.20

603.50

773.00

169.50

0.77

0.04

15.38

0.86

0.40

0.86


Including


635.00


773.00


138.00


0.89


0.05


17.57


0.99


0.44


0.95


Including


635.00


661.00


26.00


1.36


0.06


15.38


1.48


0.69


1.61


And


681.00


715.00


34.00


1.49


0.08


19.95


1.65


0.81


1.35

Including

699.00

715.00

16.00

2.90

0.14

38.59

3.16

1.47

2.38


And


755.00


773.00


18.00


1.70


0.13


66.33


1.93


0.62


1.84

Including

763.00

773.00

10.00

2.82

0.22

113.74

3.21

1.00

3.00

Notes:

WH23-03-EXT drilled down-plunge to test the deeper extents of mineralization within the Whistler Deposit eastern high-grade core, therefore the mineralized intervals reported are not representative of true width. The mineralized intercepts within WH24-01 are estimated to be approximately two-thirds of true width. WH24-02 and WH24-03 drilled oblique to dip and strike to test the vertical profile of mineralization, therefore the mineralized intervals reported are not representative of true width. WH24-04 tested obliquely across strike and to depth to test the vertical profile of mineralization, thus the mineralized intervals reported are estimated to be approximately half to two-thirds of true width. WH24-05 tested obliquely across strike and dip, thus mineralized intervals reported are estimated to be approximately two-thirds of true width.

*AuEq is calculated consistent with the methodology outlined in the technical reports “S-K 1300 Technical Report Summary Initial Assessment for the Whistler Project, South Central Alaska” with an effective date of September 12, 2024, and the technical report titled “NI 43-101 2024 Updated Mineral Resource Estimate for the Whistler Project, South Central Alaska” with an effective date of September 12, 2024, each available under the Company’s profiles at www.sec.gov and www.sedarplus.ca (collectively, the “Technical Reports“).

Specifically, for drilling reported prior to the 2024 MRE update (WH23-03-EXT and WH24-01): below 10g/t Ag: AuEq=Au + Cu*1.5733 +0.0108Ag, and above 10g/t Ag: AuEq=Au + Cu*1.5733. For drilling reported subsequent to the 2024 MRE update (WH24-02, -03,  -04 & -05): below 10g/t Ag: AuEq=Au + (Cu%*1.771) + (Ag*0.0113), and above 10g/t Ag: AuEq=Au + (Cu%*1.771). AuEq calculations do not include Pb and Zn as it is unknown whether these metals can be recovered.

Table 2 –Project 2023 & 2024 drill hole collar location coordinates.


Hole Number


Easting 


Meters 
(UTM 
Zone 18) 


Northing 
Meters 
(UTM 
Zone 18) 


Elevation 
(m above 
sea level) 


Depth 
(m) 


Azimuth 


(Degrees) 


Dip 
(Degrees) 


Status 

WH23-01

518,782

6,871,260

886.0

467.87

140.80

– 49.0

All assays received 

WH23-02

518,779

6,871,253

886.0

605.64

229.20

– 60.1

All assays received 

WH23-03-EXT   

518,776

6,871,253

886.0

874.50

189.20

– 82.9

All assays received 

WH23-04

520,193

6,869,142

352.0

560.83

134.80

– 78.0

All assays received 

WH24-01

520,494

6,871,260

497.0

445.77

14.63

– 46.9

All assays received 

WH24-02

518,452

6,871,362

849.0

716.30

135.43

– 75.2

All assays received 

WH24-03

518,746

6,871,335

859.0

961.9

309.69

– 80.1

All assays received 

WH24-04

518,680

6,871,248

876.0

832.20

185.85

– 78.0

All assays received 

WH24-05

520,495

6,871,258

497.0

777.85

184.37

– 55.3

All assays received 

Technical Information

Tim Smith, P.Geo., Chief Executive Officer of U.S. GoldMining, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Mr. Smith is a “qualified person” as defined in Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

For details of the Project and the mineral resource reports referenced herein, please refer to the Technical Reports.

Data Verification

For the Project drill core sampling program, samples were taken from NQ/HQ diameter core by sawing the drill core in half, with one-half sent to Bureau Veritas Commodities Canada Ltd. (“BV“) in Fairbanks, Alaska, for sample preparation, then to BV’s analytical laboratory in Vancouver, Canada for assaying, and the other half of the core is retained at the site for future reference. Sample lengths downhole were generally 2.0 m, except where samples were taken to honor geological contacts. 

BV is a certified commercial laboratory and is independent of U.S. GoldMining. The Company has implemented a quality assurance and quality control program for the sampling and analysis of drill core samples, including duplicates, mineralized standards and blank samples for each batch of core samples. The gold analyses were completed by lead collection fire assay fusion with AAS finish (FA430 method) on 30 grams test weight. Copper, silver and other base metals assays (total suite of 45 elements) were assayed by 4-acid digestion and ICP-MS analysis (MA200 method) on 0.25 grams test weight.

About U.S. GoldMining Inc.

U.S. GoldMining Inc. is an exploration and development company focused on advancing the 100% owned Whistler Gold-Copper Project, located 105 miles (170 kilometers) northwest of Anchorage, Alaska, U.S.A. The Whistler Project consists of several gold-copper porphyry deposits and exploration targets within a large regional land package entirely on State of Alaska Mining claims totaling approximately 53,700 acres (217.5 square kilometers). The Whistler Project Mineral Resource Estimate comprises 294 Mt at 0.68 g/t AuEq for 6.48 Moz AuEq Indicated, plus 198 Mt at 0.65 g/t AuEq for 4.16 Moz AuEq Inferred.

Visit www.usgoldmining.us for more information, including high resolution figures.

For additional information, please contact:

U.S. GoldMining Inc.

Alastair Still, Chair
Tim Smith, Chief Executive Officer
Telephone Toll Free: 1-833-388-9788
Email: [email protected]

Forward-Looking Statements

Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” within the meaning of the United States federal securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Such statements include statements with regard to the Company’s expectations regarding the Project, including planned future programs. Words such as “expects”, “anticipates”, “plans”, estimates” and “intends” or similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on U.S. GoldMining’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of future exploration may not confirm expectations, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals or permits, title disputes other risks inherent in the exploration and development of mineral properties and the other risk factors set forth in the Company’s filings with the U.S. Securities and Exchange Commission at.www.sec.gov and Canadian Securities Administrators at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. Forward-looking statements contained in this news release are made as of this date, and U.S. GoldMining does not undertake any duty to update such information except as required under applicable law.

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SOURCE U.S. GoldMining Inc.

nCino Appoints New Board Member

WILMINGTON, N.C., Feb. 10, 2025 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced that it has appointed Justin Nyweide to its Board of Directors, effective immediately. Mr. Nyweide will serve on the Board’s Audit Committee.

Justin has over two decades of experience investing in and partnering with growth companies globally in the technology, software, internet, and financial services industries. He is a Founding Partner and the Chief Investment Officer of HMI Capital, an investment firm based in San Francisco. HMI Capital is a large shareholder of nCino and has a longstanding relationship with the Company and its management.

Mr. Nyweide commented, “nCino is a best-in-class vertical market software company that is a clear leader in serving the needs of its financial services customers. The opportunities for nCino are real and significant, and I’m excited to partner with the Board and management to drive durable and profitable growth.”

“We are pleased to welcome Justin to nCino’s Board,” commented Pierre Naudé, Executive Chairman of the Board of nCino, and Sean Desmond, CEO of nCino, in a joint statement. “His extensive expertise in investment and capital markets will enhance the Board’s capabilities and play an important role in advancing nCino’s growth objectives.”

In conjunction with this appointment, nCino has entered into a Cooperation Agreement (the “Agreement”) with HMI Capital Management, L.P. (together with its affiliates, “HMI Capital”). Pursuant to this Agreement, HMI Capital has agreed to customary standstill, voting and other provisions. The Agreement will be included as an exhibit to nCino’s Current Report on Form 8-K, which will be filed with the U.S. Securities and Exchange Commission (the “SEC”) and will be available on the Investor Relations section of the Company’s website. Through this appointment, nCino’s Board will comprise of ten directors.

About nCino

nCino (NASDAQ: NCNO) is powering a new era in financial services. The Company was founded to help financial institutions digitize and reengineer business processes to boost efficiencies and create better banking experiences. With over 1,800 customers worldwide – including community banks, credit unions, independent mortgage banks, and the largest financial entities globally – nCino has developed a trusted platform of best-in-class, intelligent solutions. By integrating artificial intelligence and actionable insights into its platform, nCino is helping financial institutions consolidate legacy systems to enhance strategic decision-making, improve risk management, and elevate customer satisfaction by cohesively bringing together people, AI and data. For more information, visit www.ncino.com.

Media Contacts

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About HMI Capital Management, L.P.
HMI Capital is a San Francisco-based investment management firm with a long-term perspective seeking to invest in the highest quality businesses globally in three primary sectors: software and technology; consumer and business services; and financial services. The firm invests across the capital structure, is market cap agnostic, and holds a concentrated portfolio. HMI Capital layers decades of fine-tuning its business-quality framework and deep sector expertise with a constructivist approach, collaborating with management to effect positive change whenever possible. Through this approach, HMI Capital strives to deliver high risk-adjusted real returns over long time frames with low probability of permanent loss of capital.

Safe Harbor Statement

This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC’s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.



Greenwich LifeSciences Provides Update on Open Label HLA Data from FLAMINGO-01 

STAFFORD, Texas, Feb. 10, 2025 (GLOBE NEWSWIRE) — Greenwich LifeSciences, Inc. (Nasdaq: GLSI) (the “Company”), a clinical-stage biopharmaceutical company focused on its Phase III clinical trial, FLAMINGO-01, which is evaluating GLSI-100, an immunotherapy to prevent breast cancer recurrences, today announced the following update on FLAMINGO-01 open label HLA data.

Analysis of the open label data from FLAMINGO-01 has commenced and has been conducted in a manner that maintains the study blind. A preliminary review of FLAMINGO-01 HLA data in both the HLA-A*02 treated and placebo arms and the third open label arm with all other HLA types, shows that approximately 46% of all screened patients have at least one HLA-A*02 allele from either parent.

The main purpose of the open label arm is to investigate the safety and efficacy of GLSI-100 vaccination in patients who do not have an HLA-A*02 allele. It is possible that the open label arm may be large enough to draw immune response and efficacy conclusions. As discussed below, the HLA type can be analyzed by race and ethnicity in those patients who self-reported such information.

CEO Snehal Patel commented, “The review of open label data and the ability to look at multiple patient populations in the Phase III trial will be much greater than was possible in the Phase IIb trial. The HLA-A*02 prevalence of 46% in all screened patients meets our expectations of 40-50% prevalence and supports our sample size estimates for the trial and the interim analysis. We are also interested in studying the 8% of patients who have received HLA-A*02 alleles from both parents, as the mechanism of action in these double HLA-A*02 patients could lead to greater immune response and efficacy.”

Mr. Patel further added, “There may be other subgroups of HLA types that can be analyzed in addition to the main arms. Approximately 92% of the patients that are in the HLA-A*02 arms have a second HLA-A type from the other parent that is not HLA-A*02 and could be any of 6 or more other prevalent HLA-A types. We can compare these HLA combinations against each other for immune response and clinical outcome, which could allow for subgroup analysis of HLA-A combinations. The prevalence of various HLA-A types by race or ethnicity may also help to inform the Company in its initial commercial development strategy by suggesting those markets where the most efficacious HLA patient populations may reside.”

Background on FLAMINGO-01 Trial Design and HLA Testing

The design of the Phase III trial can be seen here. The trial is a prospective, randomized, double-blinded, multi-center study. The patient population is defined by major screening criteria and is stratified to balance the patient population between the treated and placebo arms of the trial.

As currently designed, approximately 500 patients with the HLA-A*02 allele will be randomized to receive GLSI-100 (GP2 and GM-CSF) or placebo control in the first two pivotal arms of the trial with a planned interim analysis.

In addition, patients without the HLA-A*02 allele will be enrolled in the third open label arm where all patients will receive GLSI-100 and where all endpoints will be open label. This non-HLA-A*02 arm was recently expanded from 100 to 250 patients based on recommendation of the steering committee and review/approval by the FDA and EMA.

  • HLA-A*02 blinded arms: A patient has 2 HLA-A genes, one from each parent, thus a single HLA-A*02 patient has received the HLA-A*02 allele from one parent. A double HLA-A*02 patient has received the HLA-A*02 allele from both parents. Both single and double HLA-A*02 patients are enrolled in the HLA-A*02 treated and placebo arms, which are blinded. Those patients who have a single HLA-A*02 allele will also have a second HLA-A gene of any other type.
  • Double HLA-A*02 Potential Mechanism of Action: Theoretically, a double HLA-A*02 patient may have double the amount of HLA-A*02-GP2 complex presented to the immune system to create cancer killing T-cells during the GLSI-100 vaccinations, and as a cancer cell recurs, the HER2 positive recurring cancer cells may have double the amounts HLA-A*02-GP2 complex for the trained T-cells to target and kill. It may be interesting to investigate immune or clinical response differences between single and double HLA-A*02 patients.
  • Open Label non-HLA-A*02 Third Arm: If a patient has no HLA-A*02 alleles, they will have 2 different or identical non-HLA-A*02 alleles. These non-HLA-A*02 patients are enrolled in the open label arm, where the immune or clinical response can be assessed as a group or by each HLA-A type, including double HLA-A types, providing the number of patients is sufficiently high to draw conclusions or trends.
  • Additional Information: A central laboratory in the US is sequencing the DNA of patients to determine both HLA-A allele types. The technology is available to sequence the HLA-B and HLA-C alleles, in addition to the HLA-A allele, to further assess other HLA types that may associate with GP2 to create a positive therapeutic effect. GP2 prediction binding algorithms may suggest that some HLA-B or HLA-C alleles may associate similarly to or stronger than HLA-A*02.

Phase IIb Clinical Trial Results

A variety of HLA types are predicted to associate with GP2 based on binding algorithms, and such binding can be tested in preclinical experiments. However, HLA-A*02 is the most common HLA type, thus it was studied first, and all patients in the Phase IIb trial had at least one HLA-A*02 allele. The HLA data collected did not identify if a patient was double HLA-A*02, nor were any other non-HLA-A*02 alleles identified.

Preliminary Review of FLAMINGO-01 HLA Data

Estimates of HLA prevalence by race are available in literature. As there are many sources and population studies to reference, a general consensus is that HLA-A*02 is prevalent in about 40-50% of the Caucasian population, which is the majority of the population in the US and Europe where the study is being conducted. To assess the prevalence of various HLA-A alleles by race, we have been collecting race and ethnicity data on all patients screened. We have summarized the preliminary data available to date in a blinded manner and have observed the results below. It is important to note that this preliminary summary may not reflect results at the end of the study.

  • Across all screened patients, HLA-A*02 prevalence is about 46%. The double HLA-A*02 prevalence, in patients who have received HLA-A*02 alleles from both parents, is about 8%. Because there are 2 HLA-A genes, one from each parent, the total of all prevalence percentages exceeds 100% and is less than 200% because of double HLA-A types. The HLA-A*03, HLA-A*24, and HLA-A*01 prevalences are about 20-25% for each allele. The HLA-A*11, HLA-A*68, HLA-A*29, and HLA-A*30 prevalences are about 9-12% for each allele.
  • In those screened patients who self-report as White, at least single or double HLA-A*02 genes are prevalent in approximately 50% of the patients. The double HLA-A*02 alleles are prevalent in 10% of these patients screened. The next most prevalent HLA-A types in the White populations are HLA-A*01 (29%), HLA-A*03 (21%), HLA-A*24 (19%), HLA-A*68 (10%), HLA-A*29 (13%), and HLA-A*11 (9%).
  • In those screened patients who self-report as Hispanic or Latino, at least single or double HLA-A*02 alleles are prevalent in approximately 50% of the patients. The double HLA-A*02 genes are prevalent in 7% of these patients screened. The next most prevalent HLA-A types in the Hispanic or Latino populations are HLA-A*01 (20%), HLA-A*24 (22%), HLA-A*68 (22%), HLA-A*30 (18%), HLA-A*29 (13%), and HLA-A*11 (13%).
  • In those screened patients who self-report as Black or African-American, at least single or double HLA-A*02 alleles are prevalent in approximately 40% of the patients. The next most prevalent HLA-A types in the Black or African-American populations are HLA-A*68 (33%), HLA-A*03 (27%), HLA-A*30 (27%), HLA-A*24 (13%), HLA-A*29 (13%), and HLA-A*23 (13%).
  • In those screened patients who self-report as Asian, at least single or double HLA-A*02 alleles are prevalent in approximately 17% of the patients. The other prevalent HLA-A types are HLA-A*24 (42%), HLA-A*33 (42%), HLA-A*11 (25%), and HLA-A*03 (25%).

The above preliminary Flamingo-01 open label data on HLA-A alleles by race and ethnicity is similar to the data available in literature. If any of the non-HLA-A*02 alleles have a strong association to GP2, it may be interesting to study the immune response and efficacy of GLSI-100 in patients with one allele of that type and one allele that is HLA-A*02 in addition to in patients with the double HLA-A*02 alleles.

About FLAMINGO-01 and GLSI-100

FLAMINGO-01 (NCT05232916) is a Phase III clinical trial designed to evaluate the safety and efficacy of GLSI-100 (GP2 + GM-CSF) in HER2 positive breast cancer patients who had residual disease or high-risk pathologic complete response at surgery and who have completed both neoadjuvant and postoperative adjuvant trastuzumab based treatment. The trial is led by Baylor College of Medicine and currently includes US clinical sites from university-based hospitals and cooperative networks with plans to expand into Europe and to open up to 150 sites globally. In the double-blinded arms of the Phase III trial, approximately 500 HLA-A*02 patients will be randomized to GLSI-100 or placebo, and up to 250 patients of other HLA types will be treated with GLSI-100 in a third arm. The trial has been designed to detect a hazard ratio of 0.3 in invasive breast cancer-free survival, where 28 events will be required. An interim analysis for superiority and futility will be conducted when at least half of those events, 14, have occurred. This sample size provides 80% power if the annual rate of events in placebo-treated subjects is 2.4% or greater.

For more information on FLAMINGO-01, please visit the Company’s website here and clinicaltrials.gov here. Contact information and an interactive map of the majority of participating clinical sites can be viewed under the “Contacts and Locations” section. Please note that the interactive map is not viewable on mobile screens. Related questions and participation interest can be emailed to: [email protected]

About Breast Cancer and HER2/

neu

Positivity

One in eight U.S. women will develop invasive breast cancer over her lifetime, with approximately 300,000 new breast cancer patients and 4 million breast cancer survivors. HER2 (human epidermal growth factor receptor 2) protein is a cell surface receptor protein that is expressed in a variety of common cancers, including in 75% of breast cancers at low (1+), intermediate (2+), and high (3+ or over-expressor) levels.

About Greenwich LifeSciences, Inc.

Greenwich LifeSciences is a clinical-stage biopharmaceutical company focused on the development of GP2, an immunotherapy to prevent breast cancer recurrences in patients who have previously undergone surgery. GP2 is a 9 amino acid transmembrane peptide of the HER2 protein, a cell surface receptor protein that is expressed in a variety of common cancers, including expression in 75% of breast cancers at low (1+), intermediate (2+), and high (3+ or over-expressor) levels. Greenwich LifeSciences has commenced a Phase III clinical trial, FLAMINGO-01. For more information on Greenwich LifeSciences, please visit the Company’s website at www.greenwichlifesciences.com and follow the Company’s Twitter at https://twitter.com/GreenwichLS.

Forward-Looking Statement Disclaimer

Statements in this press release contain “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Greenwich LifeSciences Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict, including statements regarding the intended use of net proceeds from the public offering; consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section entitled “Risk Factors” in Greenwich LifeSciences’ Annual Report on Form 10-K for the year ended December 31, 2023 and other periodic reports filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Greenwich LifeSciences, Inc. undertakes no duty to update such information except as required under applicable law.

Company Contact

Snehal Patel
Investor Relations
Office: (832) 819-3232
Email: [email protected]

Investor & Public Relations Contact for Greenwich LifeSciences

Dave Gentry
RedChip Companies Inc.
Office: 1-800-RED CHIP (733 2447)
Email: [email protected]



CLEAR is Under Construction in Epic Toolbox to Streamline Patient Experiences in Healthcare

Out-of-the-box integration will unlock a reusable, connected health identity that simplifies patient identity verification and enhances security of sensitive health information

Integration launches alongside new “Identity Verification for MyChart” Toolbox category under construction

NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) — CLEAR (NYSE: YOU), the secure identity company, announced today that its identity verification integration is now under construction in Epic Toolbox. By integrating with Epic, CLEAR joins Epic’s new “Identity Verification for MyChart” category, empowering both patients and providers with a trusted identity solution.

When this integration is available, health systems unlock a turnkey solution to enable patient identity verification processes that are accurate, seamless and secure. Using CLEAR, health systems can offer patients a secure, self-service process to both create and recover their accounts — reducing administrative burdens on call center staff while enhancing cybersecurity practices to safeguard sensitive health information.

This integration will be natively embedded, making it easier than ever for health providers in Epic’s ecosystem to effortlessly leverage CLEAR for the 290 million+ patients with current electronic records in Epic. “CLEAR Identity Verification for MyChart” enables patient account creation and account recovery workflows with automated verification – simplifying access and reducing administrative overhead.

Health systems can customize their verification flows by selecting from over 60 verification checks, including support for IAL2 standards and document-based identity verification, while relying on CLEAR’s adaptive technology to apply a more consumer-centric experience to the healthcare journey.

Once enabled, more than 27 million existing CLEAR users can already verify instantly with a selfie, while new users enjoy the same experience after completing a one-time setup. Verifying with CLEAR offers health systems a number of operational benefits:

  • Secure health data: Strengthen security at key touchpoints like account creation and recovery, keeping patient data safe from cyber threats.
  • Maximize efficiency: Implement quickly without disrupting existing workflows with this out-of-the-box integration.
  • Advance trust: CLEAR meets the highest standards for data protection – and 89% of people agree that CLEAR represents security and trust.

“By integrating CLEAR’s identity verification platform with Epic, we’re making it easier for health systems across the country to deliver patient experiences that maximize security and minimize friction,” said CLEAR CEO Caryn Seidman Becker. “This collaboration marks a significant step forward in our effort to replace the clipboard and streamline every touchpoint of the healthcare journey.”

More than 600 healthcare data breaches occurred in the U.S. in 2024, with the average cost of each reaching $5 million. CLEAR’s identity verification solution unlocks a “digital front door” that future-proofs against future cyberattacks, transforms an organization’s ability to defend patient information, and fosters a stronger healthcare security infrastructure.

“CLEAR’s approach to safeguarding sensitive health information is a gamechanger,” said Dr. Patrick McGill, Executive Vice President and Chief Transformation Officer at Community Health Network. “Our patients and providers alike are already benefiting from innovations that simplify the experience without sacrificing security. This integration will only uplevel our efforts to make our health services easier to use for everyone.”

“At Rush, we have ambitious goals to enhance security and remove friction on our more than 196,000 annual password resets,” said Jeff Gautney, Chief Information Officer at Rush. “We’re equally excited to welcome new patients into our system with a streamlined account creation verification process that allows for more equitable, accurate patient identification. With these real-time identity verification results from CLEAR, we can minimize errors from manual checks and stop identity theft attempts before they happen.”

“In healthcare settings, seconds and minutes matter,” said Dr. Hank Capps, Chief Information and Digital Officer at Wellstar Health System. “Wellstar clinicians are committed to providing innovative world-class care, and CLEAR’s trusted technology will help us deliver the experience patients expect.”

For more details on CLEAR Under Construction in Epic Toolbox, go to the Epic Showroom.

Epic and MyChart are registered trademarks of Epic Systems Corporation.

About CLEAR

CLEAR’s mission is to create frictionless experiences. With over 27 million Members and a growing network of partners across the world, CLEAR’s identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you – making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we never sell Member data. For more information, visit clearme.com.

Forward-Looking Statements

This release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any and such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including those described in the Company’s filings within the Securities and Exchange Commission, including the sections titled “Risk Factors” in our Annual Report on Form 10- K. The Company disclaims any obligation to update any forward-looking statements contained herein.

Contact


[email protected]

This press release was published by a CLEAR® Verified individual.



FactSet Acquires LiquidityBook

Integrating adjacent workflows across the front office to connect the full portfolio life cycle

Adds technology-forward order management (OMS) and investment book of record (IBOR) capabilities

NORWALK, Conn., Feb. 10, 2025 (GLOBE NEWSWIRE) — FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, today announced the acquisition of LiquidityBook for a gross purchase price of $246.5 million in cash.

LiquidityBook provides cloud-native trading solutions to hedge fund, asset and wealth management, outsourced trading, and sell-side middle office clients and operates a proprietary FIX network that enables streamlined connectivity to over 200 brokers and order routing to more than 1,600 destinations across 80 markets globally.  

Over the past year, the two companies partnered to enable a turnkey integration of LiquidityBook’s flagship order management system (OMS) into the FactSet Workstation to seamlessly link adjacent steps in the front office trade workflow, from security research and portfolio construction to order creation and trade execution. The acquisition takes this successful partnership one step further to accelerate FactSet’s mission to connect the front office with the middle office. FactSet’s ability to serve the integrated workflow needs of clients across the portfolio life cycle will be enhanced by combining LiquidityBook’s modern and scalable order management, pre-trade compliance, and investment book of record (IBOR) capabilities with FactSet’s industry-leading investment research, execution management, performance, reporting, and portfolio analytics solutions.

“This acquisition is further evidence of FactSet’s commitment to streamlining workflows across the entire portfolio life cycle to reduce our clients’ total cost of ownership,” said Rob Robie, Executive Vice President, Head of Institutional Buy Side, FactSet. “Clients want to spend their time on actionable investment decisions, not jumping between disparate research, portfolio management, and trading platforms. Deeper integration of LiquidityBook’s OMS and IBOR into the FactSet Workstation will enable a consolidated front office solution that meets the increasingly sophisticated needs of our clients.”

Founded in 2005 and headquartered in New York with approximately 70 employees worldwide, LiquidityBook offers a modular platform for the full trading life cycle, enabling multi-asset class portfolio, order, and execution management capabilities. Architected to scale on a cloud-native, multi-tenant foundation, its solutions enable clients to track intraday portfolio holdings, initiate and monitor trade orders, ensure pre-trade and regulatory compliance, manage client/broker commissions, and process post-trade reconciliations through a single code base for every use case.

“Since inception, LiquidityBook has focused on developing a modular solution on scalable architecture purpose-built to support the most sophisticated multi-asset trading workflows with a distinct advantage over inflexible, refactored legacy systems,” said Kevin Samuel, CEO, LiquidityBook. “We look forward to continuing this mission as part of FactSet to meet the growing workflow needs of clients across the trade life cycle without compromising on functionality.”

“We are excited to bring two talented teams together to expand on the existing partnership in place,” said Shawn Samuel, CTO, LiquidityBook. “The value proposition of combining our complementary solutions is already client-validated and market-tested. Joining forces now to capitalize on this opportunity is the natural next step to delivering increased value and flexibility to clients.”

The acquisition closed on February 7, 2025 and was funded by borrowings under FactSet’s existing revolving credit facility. The transaction is expected to be modestly dilutive to FactSet’s fiscal 2025 GAAP and adjusted diluted EPS.

FactSet’s advisors on the transaction include Citi as financial advisor and Cravath, Swaine & Moore as legal advisor. LiquidityBook’s advisors include IA Global Capital as financial advisor and Curtis, Mallet-Prevost, Colt & Mosle as legal advisor.

Forward-Looking Statements

This news release contains forward-looking statements based on management’s current expectations, projections, beliefs and assumptions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

About FactSet

FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to more than 8,200 global clients, including over 218,000 individual users. Clients across the buy-side and sell-side as well as wealth managers, private equity firms, and corporations achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized amongst the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on X and LinkedIn.

About Liquidity Book

LiquidityBook is a leading provider of cloud-native buy- and sell-side trading solutions and is trusted by many of the industry’s largest and most sophisticated firms. The LiquidityBook platform is easily configurable and enhanced daily with client requests, giving these firms peace of mind that their trading platform will adapt and scale as they grow. A disruptive force in the market for nearly 20 years, the founder-led LiquidityBook backs their platform with unparalleled support and employs a client-centric business model with no hidden fees. For more information, please visit www.liquiditybook.com or contact [email protected].

FactSet

Investor Relations:
[email protected]

Media Relations:
Megan Kovach
+1.512.736.2795
[email protected]



Rivian Opens Sales of The Rivian Commercial Van to Fleets of All Sizes in The US

Rivian Opens Sales of The Rivian Commercial Van to Fleets of All Sizes in The US

IRVINE, Calif.–(BUSINESS WIRE)–
Rivian Automotive (NASDAQ: RIVN) has today announced it is opening sales for the Rivian Commercial van to fleets of all sizes in the US. The Rivian Commercial Van is the platform on which Amazon’s custom electric delivery van (EDV) is based, and is designed from the ground up, prioritizing safety, driver comfort, total cost of ownership and sustainability. Safety features include automatic emergency braking, collision warnings, and 360-degree visibility – meaning the Rivian Commercial Van is engineered to be among the safest vehicles on the road today.

Since the conclusion of Rivian and Amazon’s exclusivity period, Rivian has been trialing its commercial van with several large fleets in the US, and preparing its fleet management process for the mass market. These pilots have paved the way to enable Rivian to open sales further.

The Rivian Commercial Van comes in two sizes, the 500 and the 700, providing a payload of up to 2,663 lbs and a Gross Vehicle Weight Rating of up to 9,500 lbs. Rivian’s in-house software stack controls nearly every interaction, from unlocking the vehicle and opening the door, to charging and acceleration. These tools help streamline the ownership experience, and minimize costs, while increasing safety and productivity.

Tom Solomon, Senior Director, Business Development, Rivian said:

“Through existing partnerships our commercial vans have already proved incredibly successful. Amazon currently has more than 20,000 in its fleet and delivered over a billion packages from its Electric Delivery Vans in 2024 alone. Over the last year we have been focusing our efforts on testing with some larger fleets, and we’re really pleased with how those trials have gone. As a result, we’re excited to now be able to open sales to fleets of all sizes in the US, whether they want 1 van or thousands. Our vehicles are designed to not only be among the safest on the road, but will also help fleet owners to reduce the cost of fleet ownership and their carbon footprint.”

Anyone wanting to register their interest in the Rivian Commercial Van can visit – www.rivian.com/fleet

About Rivian:

Rivian (NASDAQ: RIVN) is an American automotive manufacturer that develops and builds category-defining electric vehicles and accessories. The company creates innovative and technologically advanced products that are designed to excel at work and play with the goal of accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are built in the United States and are sold directly to consumer and commercial customers. The company provides a full suite of services that address the entire lifecycle of the vehicle and stay true to its mission to keep the world adventurous forever. Whether taking families on new adventures or electrifying fleets at scale, Rivian vehicles all share a common goal — preserving the natural world for generations to come. Learn more about the company, products, and careers at www.rivian.com.

Media:

Harry Porter: [email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Automotive Automotive Manufacturing EV/Electric Vehicles Manufacturing Alternative Vehicles/Fuels Fleet Management

MEDIA:

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Kennedy Wilson Closes $1.4 Billion in Construction Loans in Q4 2024

Kennedy Wilson Closes $1.4 Billion in Construction Loans in Q4 2024

New Deals Contribute to $3.5 Billion of Total Loan Originations in 2024

BEVERLY HILLS, Calif.–(BUSINESS WIRE)–
Kennedy Wilson, a leading global real estate investment company and one of the most active construction lenders in the country, closed over $1.4 billion in senior construction loans during Q4 2024. Kennedy Wilson’s debt investment platform totaled $3.5 billion of new loans originated throughout the year for real estate projects that are on track to deliver over 12,000 multifamily and student housing units.

Highlights from the quarter include:

  • Senior Construction Loan for a 1,688-Bed Student Housing Project Adjacent to Purdue University in West Lafayette, Indiana

  • Senior Construction Loan for a 735-Unit Multifamily Community in Los Angeles, California

  • Senior Construction Loan for a 465-Unit Multifamily Community in Jersey City, New Jersey

Currently in various stages of construction, the projects are set in prime locations adjacent to retail and transportation, and feature expansive amenity spaces, resort-style pools and spas, fitness centers, outdoor lounges and controlled garage access.

“We are pleased to end 2024 with such strong momentum, and to solidify our role as a major player in the construction loan space as private credit markets continue to expand rapidly. Our team has set itself apart this year through intelligent underwriting and flexible solutions, and our top-tier institutional sponsors appreciate the creativity we offer as they build some of the most innovative and complex multifamily and student housing projects across the country,” commented Thomas Whitesell, Head of the Debt Investment Group at Kennedy Wilson. “With the potential for higher transaction volume ahead, we are continuing to look for ways to grow our credit solutions at Kennedy Wilson.”

Total capital commitments across the platform’s various partners now exceed $12 billion, with $3 billion of dry powder. The company has a 2.5% average ownership in loans closed since Q3 2023. The company earns customary management fees in its role as asset manager.

About Kennedy Wilson

Kennedy Wilson (NYSE: KW) is a leading real estate investment company with over $28 billion of assets under management in high growth markets across the United States, the UK and Ireland. We focus primarily on rental housing, with over 60,000 multifamily and student housing units owned by the company or financed through our growing credit platform. Drawing on decades of experience, our relationship-oriented team excels at identifying opportunities and building value through market cycles, with more than $60 billion in total transactions closed across the property spectrum since going public in 2009. Kennedy Wilson owns, operates, and builds real estate within our high-quality, core real estate portfolio and through our investment management platform, where we target opportunistic investments alongside our partners. For further information, please visit www.kennedywilson.com.

Special Note Regarding Forward-Looking Statements

Statements in this press release that are not historical facts are “forward-looking statements” within the meaning of U.S. federal securities laws. These forward-looking statements are estimates that reflect our management’s current expectations, are based on our current estimates, expectations, forecasts, projections and assumptions that may prove to be inaccurate and involve known and unknown risks. Accordingly, our actual results, performance or achievement, or industry results, may differ materially and adversely from the results, performance or achievement, or industry results, expressed or implied by these forward-looking statements, including for reasons that are beyond our control. Some of the forward-looking statements may be identified by words like “believes”, “expects”, “anticipates”, “estimates”, “plans”, “intends”, “projects”, “indicates”, “could”, “may” and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. We assume no duty to update the forward-looking statements, except as may be required by law.

KW-IR

Investors

Daven Bhavsar, CFA

Head of Investor Relations

+1 (310) 887-3431

[email protected]

Media

Emily Heidt

Vice President, Communications

+1 (310) 887-3499

[email protected]

KEYWORDS: Indiana California New Jersey United States North America

INDUSTRY KEYWORDS: Construction & Property Finance Public Relations/Investor Relations Urban Planning Banking REIT Communications Professional Services Business Residential Building & Real Estate

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Jean-Michel Ribiéras and Ty R. Silberhorn Appointed to LP Building Solutions Board of Directors

Jean-Michel Ribiéras and Ty R. Silberhorn Appointed to LP Building Solutions Board of Directors

NASHVILLE, Tenn.–(BUSINESS WIRE)–LP Building Solutions (LP; NYSE: LPX), a leading manufacturer of high-performance building products, today announced the appointments of Jean-Michel Ribiéras and Ty R. Silberhorn to its Board of Directors, effective February 6, 2025.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250210396961/en/

Jean-Michel Ribiéras, LP Building Solutions Board of Directors (Photo: Business Wire)

Jean-Michel Ribiéras, LP Building Solutions Board of Directors (Photo: Business Wire)

“We are honored to welcome Jean-Michel and Ty to our Board of Directors,” said LP Chair and Chief Executive Officer Brad Southern. “With Jean-Michel’s distinguished career in the paper and packaging industry and Ty’s track record of transformative leadership and innovation, their combined expertise will bring tremendous value to LP. Their extensive experience in global operations and strategic growth will be instrumental as we navigate the future and continue to create value for our shareholders.”

Ribiéras was named Chair and Chief Executive Officer of Sylvamo, a global paper company operating across Europe, Latin America, and North America, following its spinoff from International Paper in 2021. With more than 35 years of experience in the manufacturing industry—including nearly three decades at International Paper, where he rose to the position of Senior Vice President of Global Paper—Ribiéras has developed extensive global expertise. He has led business operations across three continents and held key leadership positions, demonstrating a strong track record of strategic and operational success.

In addition to his professional achievements, Ribiéras is an active leader in industry organizations. He serves on the boards of the American Forest & Paper Association and the U.S.-Brazil CEO Forum, and he previously contributed as a board member of the Brazil Pulp & Paper Association. Ribiéras earned an MBA in Marketing from the Barney School of Business at the University of Hartford and a Bachelor of Science in Business Management from École Supérieure des Dirigeants d’Entreprise in France.

Silberhorn serves as Chief Executive Officer and a member of the Board of Directors at Apogee Enterprises, Inc. (Nasdaq: APOG), a leading provider of architectural building products and services and high-performance coated materials used in a variety of applications. Prior to this, Silberhorn spent over 20 years at 3M, where he held several senior leadership positions, including Senior Vice President of Transformation Technologies and Services, Division President of 3M Industrial Adhesives and Tapes, Division President of 3M Display Materials and Systems, and Division President of Consumer Health Care. In these capacities, he championed process and digital innovation to drive growth and productivity, establishing a strong record of operational excellence.

Beyond his professional work, Silberhorn is an active board member for the University of Minnesota Foundation and Friends of the Saint Paul Public Library and serves on the Dean’s Advisory Council at Indiana University’s Kelley School of Business. He holds an MBA in Marketing and Operations Management from the Carlson School of Management at the University of Minnesota and a Bachelor of Science in Marketing from Indiana University.

About LP Building Solutions

As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood products that meet the demands of builders, remodelers and homeowners worldwide. LP’s extensive portfolio of innovative and dependable products includes Siding Solutions (LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding and LP® Outdoor Building Solutions®), LP Structural Solutions (LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, LP® FlameBlock® Fire-Rated Sheathing, LP NovaCore® Thermal Insulated Sheathing and LP® TopNotch® 350 Durable Sub-Flooring) and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World™ by helping customers construct beautiful, durable homes while shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 22 plants across the U.S., Canada, Chile and Brazil. For more information, visit LPCorp.com.

Media Contact:

Breeanna Straessle

615.986.5886

[email protected]

KEYWORDS: Tennessee United States North America

INDUSTRY KEYWORDS: Other Manufacturing Construction & Property Interior Design Manufacturing Architecture Forest Products Other Construction & Property Natural Resources Residential Building & Real Estate

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Jean-Michel Ribiéras, LP Building Solutions Board of Directors (Photo: Business Wire)
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Ty R. Silberhorn, LP Building Solutions Board of Directors (Photo: Business Wire)
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MPWR INVESTOR DEADLINE: Monolithic Power Systems, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

PR Newswire


SAN DIEGO
, Feb. 10, 2025 /PRNewswire/ — Robbins Geller Rudman & Dowd LLP announces that purchasers of Monolithic Power Systems, Inc. (NASDAQ: MPWR) common stock between February 8, 2024 and November 8, 2024, both dates inclusive (the “Class Period”), have until April 7, 2025 to seek appointment as lead plaintiff of the Monolithic Power Systems class action lawsuit.  Captioned Waterford Township General Employees Retirement System v. Monolithic Power Systems, Inc., No. 25-cv-00220 (W.D. Wash.), the Monolithic Power Systems class action lawsuit charges Monolithic Power Systems as well as certain of Monolithic Power Systems’ top executive officers with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Monolithic Power Systems class action lawsuit, please provide your information here:


https://www.rgrdlaw.com/cases-monolithic-power-systems-inc-class-action-lawsuit-mpwr.html
 

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].

CASE ALLEGATIONS: Monolithic Power Systems is a provider of power management components used in electronic systems.  Nvidia Corporation – the world’s leading supplier of GPUs – is Monolithic Power Systems’ largest customer.

The Monolithic Power Systems class action lawsuit alleges that defendants throughout the class period made false and/or misleading statements and/or failed to disclose that: (i) Monolithic Power Systems’ voltage regulator modules and power management integrated circuits were suffering from significant performance and quality control issues; (ii) these defects had, in turn, negatively impacted the performance of certain products offered by Nvidia in which such products were used; (iii) Monolithic Power Systems had failed to adequately address and resolve known issues affecting the performance of the power management solutions Monolithic Power Systems supplied to Nvidia; (iv) Monolithic Power Systems’ relationship with Nvidia had been irreparably damaged due to the significant performance and quality control problems affecting the products it supplied to Nvidia and Monolithic Power Systems’ failure to adequately address such issues; and (v) as a result of the above, Monolithic Power Systems was acutely exposed to material undisclosed risks of significant business, financial, and reputational harm.

On October 30, 2024, Monolithic Power Systems announced financial results for its fiscal quarter ending September 30, 2024, revealing a sudden and surprising slowdown in Monolithic Power Systems’ critical Enterprise Data segment.  Specifically, Monolithic Power Systems reported that quarterly revenue within Monolithic Power Systems’ Enterprise Data business declined sequentially to $184 million, down from $187 million in the prior quarter, missing consensus estimates of $211 million by nearly 13%.  On this news, the price of Monolithic Power Systems common stock fell more than 17%.

Then, on November 11, 2024, Edgewater Research analysts published a report revealing that Nvidia had cancelled half of its outstanding Monolithic Power Systems orders and intended to eliminate Monolithic Power Systems’ allocation to most variants of its next-generation Blackwell chips due to “[p]erformance issues” with Monolithic Power Systems’ products.  The report further disclosed that Nvidia engineers had “lost confidence” in Monolithic Power Systems’ products and decided to turn to Monolithic Power Systems’ competitors as Nvidia’s “primary suppliers.”  On this news, the price of Monolithic Power Systems common stock fell nearly 15%.

The plaintiff is represented by Robbins Geller, which has extensive experience in prosecuting investor class actions including actions involving financial fraud.  You can view a copy of the complaint by clicking here.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Monolithic Power Systems common stock during the Class Period to seek appointment as lead plaintiff in the Monolithic Power Systems class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the Monolithic Power Systems class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the Monolithic Power Systems class action lawsuit.  An investor’s ability to share in any potential future recovery of the Monolithic Power Systems class action lawsuit is not dependent upon serving as lead plaintiff.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases.  Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors.  We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years.  With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.  Please visit the following page for more information:


https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices. 

Contact:
            Robbins Geller Rudman & Dowd LLP
            J.C. Sanchez, Jennifer N. Caringal
            655 W. Broadway, Suite 1900, San Diego, CA 92101
            800-449-4900
            [email protected] 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/mpwr-investor-deadline-monolithic-power-systems-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-302371679.html

SOURCE Robbins Geller Rudman & Dowd LLP

GSK plc Class Action: The Gross Law Firm Reminds GSK Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 7, 2025 – GSK

PR Newswire


NEW YORK
, Feb. 10, 2025 /PRNewswire/ — The Gross Law Firm issues the following notice to shareholders of GSK plc (NYSE: GSK).

Shareholders who purchased shares of GSK during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:

https://securitiesclasslaw.com/securities/gsk-loss-submission-form/?id=127862&from=4

CLASS PERIOD:
February 5, 2020 to August 14, 2022

ALLEGATIONS: According to the filed complaint, defendants represented to investors that GSK removed Zantac from the market “[b]ased on information available at the time and correspondence with regulators.” GSK also stated that it was “continuing with investigations into the potential source of NDMA.” Defendants also assured investors that “GSK, the FDA, and the EMA [European Medicines Agency] have all independently concluded that there is no evidence of a causal association between ranitidine therapy and the development of cancer in patients,” findings that were “consistent with other ranitidine data published prior to 2019.” Finally, defendants claimed that they could not “quantify or reliably estimate the liability.” These representations were materially false or misleading. In truth, GSK was fully aware of the source of NDMA and had been for nearly 40 years before withdrawing Zantac from the market.

DEADLINE: April 7, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/gsk-loss-submission-form/?id=127862&from=4

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of GSK during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is April 7, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company’s stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/gsk-plc-class-action-the-gross-law-firm-reminds-gsk-investors-of-the-pending-class-action-lawsuit-with-a-lead-plaintiff-deadline-of-april-7-2025–gsk-302371703.html

SOURCE The Gross Law Firm