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Weave Deepens Partnership with Stripe, Adding New Features for Small Businesses

Weave Deepens Partnership with Stripe, Adding New Features for Small Businesses

Multi-year agreement includes additional Stripe functionality to drive processing volume among Weave’s 27,000+ U.S. customers

LEHI, Utah–(BUSINESS WIRE)–
Weave (NYSE: WEAV), the all-in-one customer communication and engagement platform for small- and medium-sized businesses, and Stripe, a financial infrastructure platform for businesses, announced today a multi-year agreement to process payments on Stripe Connect for Weave’s 27,000+ specialty healthcare customers across the U.S.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230328005204/en/

As part of the expanded partnership renewal, Weave has added Stripe Capital, an embedded finance option for business owners, to its all-in-one platform. Stripe Capital provides access to fast, flexible financing so small business owners can manage cash flows and invest in growth. Weave will leverage additional Stripe features later this year as it expands its Payments offering for existing and new customers, helping small businesses be even more successful in engaging their patients, collecting balances, and meeting the growing demand for digital payment options like Text to Pay and mobile wallets like Apple Pay and Google Pay.

“One of the most important interactions Weave customers have with their patients is in payment collection,” said Weave CEO Brett White. “Our renewed relationship with Stripe as our strategic partner, combined with Weave’s award-winning customer communication and engagement technology, is helping offices power convenient and modern payment experiences that their patients want.”

Weave’s 2023 Healthcare Business Insights Report recently identified a patient expectation gap around the payment options healthcare providers offer compared to how patients would prefer to pay. 63% of patients said they were most likely to pay a healthcare bill if it was sent via text with a link to pay, but 53% of providers still prefer to collect payments with a phone call. Weave and Stripe will enable businesses to easily offer online payments and preferred card payment methods. Stripe Terminal will also power in-person payments for customers on Weave’s platform.

“Our strategic partnership with Weave means more businesses can access fast, reliable financing through Stripe Capital,” said Kate Jensen, Head of Platform Sales at Stripe. “Weave patients expect a seamless payment experience, and we’re thrilled our platforms are teaming up to get the job done.”

To learn more about Weave’s full suite of payment options, go to getweave.com/weave-payments.

About Weave

Weave is the all-in-one customer communication and engagement platform for small- and medium-sized businesses. From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire customer journey. Weave’s software solutions transform how local businesses attract, communicate with and engage customers to grow their business. Weave has set the bar for Utah startup achievement & work culture. In the past year, Weave has been named a G2 leader in Patient Engagement, Optometry, Dental Practice Management and Patient Relationship Management software. To learn more, visit getweave.com/newsroom/

Kali Geldis

Sr. Director of Communications, Weave

[email protected]

KEYWORDS: United States North America Utah

INDUSTRY KEYWORDS: Managed Care VoIP Software Other Health Professional Services Data Management Electronic Commerce Technology Small Business Marketing Communications Health Telecommunications

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FOX News Channel Finishes First Quarter of 2023 as Top Network in All of Cable With Viewers Across Primetime and Total Day

FOX News Channel Finishes First Quarter of 2023 as Top Network in All of Cable With Viewers Across Primetime and Total Day

“The Five” Finishes First Quarter as Most-Watched Program in Cable News, While “Tucker Carlson Tonight” Marks Highest 25-54 Demo for Quarter and Most-Watched Cable News Program in March

FNC’s Audience Share Increases to Over 52% of Cable News Audience

FNC Continues to Garner Cable News’ Most Politically Diverse Audience with More Democrats and Independents Tuning into FNC Than CNN and MSNBC

FNC Notches 98 of the Top 100 Telecasts in Cable News for the Quarter

CNN Posts its Worst Quarter with Primetime A25-54 Since 1991

NEW YORK–(BUSINESS WIRE)–
FOX News Channel (FNC) finished the first quarter of 2023 as cable’s most-watched network in primetime and total day viewers, according to Nielsen Media Research. Additionally, FNC beat CNN and MSNBC combined with total day and primetime viewers and the A25-54 demo for the seventh consecutive quarter. With primetime viewers in cable news, this marked the 85th straight quarter that FNC has been number one. Additionally, FNC won every single weekday hour over the cable news competition with double and triple-digit percent advantages while delivering 98 of the top 100 telecasts in cable news. In total day, FNC delivered 1,364,000 viewers, 174,000 with A25-54 and 111,000 with A18-49. In primetime, FNC netted 2,088,000 viewers, 259,000 in the 25-54 demo, and 171,000 with A18-49. Additionally, FNC’s cable news audience share increased to over 52% across all key dayparts and categories as more Democrats and Independents tuned in to FNC over any other network, according to data from Nielsen MRI Fusion. In primetime, CNN averaged just 124,000 with A25-54, its lowest quarter since 1991. CNN is also down the most in cable news for the first quarter year over year across the board.

During the first quarter of 2023, FNC delivered the top 13 programs in cable news in total viewers and the top 15 programs in the younger 25-54 demo. FNC was the number one cable network during total day among Asian viewers and the top cable news network with Hispanic viewers across both primetime and total day.

At 5 PM/ET, FNC’s powerhouse The Five continued to shatter records by becoming the first non-primetime program to top all of cable news for six consecutive quarters in cable news history. Averaging 3.3 million viewers and 357,000 in A25-54, the show also outpaced every show on CNN and MSNBC across the board.Additionally, The Five and Tucker Carlson Tonight beat ABC’s The Bachelor in total viewers. Special Report with Bret Baier (weeknights, 6 PM/ET) averaged 2.3 million viewers and 262,000 in A25-54, dominating its timeslot. At 7 PM/ET, FNC’s Jesse Watters Primetime finished the quarter as the third highest-rated cable news program, averaging 2.8 million viewers and 304,000 in A25-54. At 12 AM/ET, FOX News @ Night surpassed the competition, delivering 1 million viewers and 166,000 in A25-54.

At 8 PM/ET, Tucker Carlson Tonight continued its reign as the highest-rated program in cable news in the younger 25-54 demo, averaging 3.2 million viewers, 443,000 in the demo and 299,000 in the 18-49 category for the quarter. Tucker Carlson Tonight also was the most-watched cable news show in March with 3.3 million viewers. Hannity at 9 PM/ET averaged 2.6 million viewers, 317,000 in A25-54 and 203,000 among adults 18-49, easily winning its timeslot. Comparatively at 9 PM/ET, Hannity more than doubled MSNBC’s Alex Wagner Tonight which averaged just 1.3 million viewers and 131,000 with A25-54. The Ingraham Angle host Laura Ingraham remained the most-watched woman in cable news at 10 PM/ET, garnering 2 million viewers, 265,000 in the 25-54 demo and 169,000 in 18-49.

At 11 PM/ET, Gutfeld! continued to outpace a number of the late-night broadcast competition for the quarter, securing over 1.9 million viewers and 301,000 with A25-54. As host Greg Gutfeld nears his second year in late night television (April 5th), his eponymous program continues to defeat ABC’s Jimmy Kimmel Live! (1.5 million P2+) and NBC’s The Tonight Show with Jimmy Fallon (1.4 million P2+) with viewers. Year over year, CBS’ The Late Show with Stephen Colbert was down 18% with A25-54, marking the biggest decrease in late night television.

From 4-6 AM/ET, FOX & Friends FIRST garnered 469,000 viewers. FNC’s signature morning show FOX & Friends (weekdays, 6-9 AM/ET) finished the quarter with 1.2 million viewers and 165,000 in the demo, easily outpacing CNN This Morning and MSNBC’s Morning Joe combinedacross total viewers and routinely topping all daytime and primetime programming on CNN and MSNBC. FNC’s FOX & Friends made its mark as the number one cable news program in the mornings with both categories for two full years as CNN This Morning continued to fail to attract viewers.

FNC’s daytime lineup, led by two-hour morning news program America’s Newsroom with Bill Hemmer and Dana Perino (weekdays, 9-11 AM/ET), saw 1.6 million viewers and 201,000 in the 25-54 demo. The Faulkner Focus at 11 AM/ET, anchored by Harris Faulkner, notched 1.6 million viewers and 205,000 in the 25-54 demo and bested CNN and MSNBC across the board. At 12 PM/ET, Outnumbered earned 1.7 million viewers and 208,000 in the demo. From 1-3 PM/ET, America Reports with John Roberts and Sandra Smith garnered 1.5 million viewers and 186,000 in the 25-54 demo. At 3 PM/ET, anchor Martha MacCallum’s The Story averaged 1.5 million viewers and 184,000 in the 25-54 demo, while Your World with Neil Cavuto at 4 PM/ET nabbed 1.5 million viewers and 190,000 in the 25-54 category for the quarter. Notably, FNC’s Outnumbered, The Faulkner Focus and America’s Newsroom surpassed ABC’s GMA3 and CBS’s The Talk in total viewers.

Once again, FNC continued to excel against the competition throughout the weekend for the quarter, outpacing CNN and MSNBC combined across both total day and primetime with viewers. Cavuto Live (Saturdays, 10 AM/ET) was the most-watched program on Saturday, earning 1.4 million viewers and 186,000 with A25-54. Unfiltered with Dan Bongino was the top show in primetime with 1.3 million viewers and 134,000 with A25-54. In the 25-54 demo, the Saturday edition of FOX & Friends Weekend earned the second spot with 169,000 demo viewers. FNC’s 8 PM/ET addition to the Saturday primetime lineup, One Nation helmed by Brian Kilmeade, nabbed 1.1 million and 123,000 in the 25-54 demo. Lawrence Jones Cross Country (Saturdays, 10 PM/ET) hosted by Lawrence Jones, who made history as the youngest Black solo host of a program in cable news, continued to post strong numbers with 1 million viewers and 108,000 in the demo.

On Sundays, FNC’s Sunday Morning Futures with Maria Bartiromo earned the top-rated show of the entire weekend with 1.6 million viewers and 211,000 with A25-54. FNC’s Life, Liberty & Levin (Sundays, 8 PM/ET)outpaced every CNN program with viewers, drawing 1.5 million viewers and 122,000 in the 25-54 demo. At 11 AM/ET, MediaBuzz, hosted by Howard Kurtz, delivered 1.3 million viewers and 178,000 in the 25-54 demo. Sunday Night in America with Trey Gowdy saw 1.3 million viewers and 99,000 in the demo, outpacing CNN’s Who’s Talking to Chris Wallace? which saw just 431,000 viewers and 63,000 with A25-54. The Next Revolution with Steve Hilton secured 1 million viewers and 105,000 in the demo. Notably, FOX & Friends Weekend on Sundays outdrew CNN and MSNBC every hour in total viewers and the 25-54 demo during the quarter, with 1.2 million viewers and 160,000 in the demo.

FIRST QUARTER 2023 RATINGS FOR THE TOP FIVE PROGRAMS IN CABLE NEWS:

Total Viewers: The Five (3,256,000) Tucker Carlson Tonight (3,246,000), Jesse Watters Primetime (2,781,000) Hannity (2,585,000), Special Report with Bret Baier (2,349,000)

Adults 25-54:Tucker Carlson Tonight (443,000), The Five (357,000), Hannity (317,000), Jesse Watters Primetime (304,000), Gutfeld! (301,000)

1Q’23 VS. 1Q’22 NIELSEN NUMBERS (seven day week, L+SD):

TOTAL DAY

FNC: 1,364,000 total viewers – down 15% (174,000 in 25-54 – down 38%)

CNN: 478,000 total viewers – down 27% (94,000 in 25-54 – down 40%)

MSNBC: 703,000 total viewers – down 1% (78,000 in 25-54 – down 9%)

PRIMETIME

FNC: 2,088,000 total viewers – down 18% (259,000 in 25-54 – down 40%)

CNN: 568,000 total viewers – down 34% (124,000 in 25-54 – down 47%)

MSNBC: 1,110,000 total viewers – down 8% (111,000 in 25-54 – down 26%)

MARCH 2023 RATINGS FOR THE TOP FIVE PROGRAMS IN CABLE NEWS:

Total Viewers: Tucker Carlson Tonight (3,251,000), The Five (3,058,000), Jesse Watters Primetime (2,670,000) Hannity (2,505,000), Special Report with Bret Baier (2,200,000)

Adults 25-54:Tucker Carlson Tonight (421,000), The Five (317,000), Hannity (290,000), Gutfeld! (283,000), Jesse Watters Primetime (280,000)

MARCH 2023 VS MARCH 2022 NIELSEN NUMBERS (seven day week, L+SD):

TOTAL DAY

FNC: 1,319,000 total viewers – down 27% (162,000 in 25-54 – down 53%)

CNN: 425,000 total viewers – down 52% (83,000 in 25-54 – down 64%)

MSNBC: 701,000 total viewers – down 10% (78,000 in 25-54 – down 24%)

PRIMETIME

FNC: 2,094,000 total viewers – down 27% (245,000 in 25-54 – down 54%)

CNN: 473,000 total viewers – down 61% (100,000 in 25-54 – down 73%)

MSNBC: 1,135,000 total viewers – down 12% (107,000 in 25-54 – down 42%)

FOX News Media Contact

Connor Smith: 212.301.3879 or [email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: TV and Radio Communications Entertainment Publishing

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Flywire wins 2022 Ellucian Partner of the Year for Integration Excellence

Flywire’s award-winning integration with Ellucian part of enhanced partnership that delivers powerful payments solutions for global higher education market

BOSTON and NEW ORLEANS, March 28, 2023 (GLOBE NEWSWIRE) — Today, Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, announced that it has been named the 2022 Ellucian Partner of the Year for Integration Excellence, which was announced at the Ellucian Live conference. Flywire’s award-winning integrations with Ellucian, a leading higher education technology solutions provider, are part of their enhanced partnership that improves the payment experience for students, and delivers operational efficiencies for higher education institutions. Flywire and Ellucian have enhanced their integrations with a number of Ellucian’s flagship products, including Ellucian Banner, through Flywire’s new middleware that accelerates the integration and implementation process with Flywire’s higher education solutions.

“We’re thrilled to recognize Flywire as our 2022 Ellucian Partner of the Year for Integration Excellence,” said Zach Tussing, Director of Partnerships, Ellucian. “The Flywire and Ellucian teams have been working closely together to deliver an improved integration and an innovative customer experience. Flywire’s powerful global payments network and payments software, integrated with Ellucian’s suite of products, will deliver significant improvements for institutions around the world.”

As part of its award-winning partnership, Flywire integrates directly into Ellucian’s new Payment API Layer, Ellucian Payment Service. As a result, Flywire helps universities to automatically power transactions, ranging from initial application fees, all the way through to international or domestic tuition payments, setting up payment plans, and more. Within the familiar Ellucian software, Flywire helps students and families easily track and make payments in native currencies, and university accounting professionals can see and access all payment information within their system of record. And with Flywire’s custom-built middleware, universities can benefit from a faster time-to-deployment for all of Flywire’s payments solutions.


Seamless Integration with ERP Systems Crucial for Education IT Leaders

Ellucian is a leading Enterprise Resource Planning (ERP) supporting more than 2,700 college and university customers around the world. These institutions rely on Ellucian for everything from managing business workflows to improving the student experience. As universities increasingly rely on these ERPs as their central nervous system of information, it’s critical that any additional technology intended to augment an ERP’s capability must seamlessly integrate with it. According to research from Flywire, 81% of IT leaders surveyed at higher education institutions name integration with other systems as the chief challenge when managing the technical aspects of their ERP. Additionally, 97% say tight integration with an ERP and a streamlined implementation process are a few of the most important considerations when choosing to work with an outside technology vendor.

Flywire’s direct integrations with Ellucian can accelerate the implementation process for institutions, and provide a more engaging and flexible experience for students and families. Through Flywire’s new middleware, universities have one singular way to connect to all Flywire solutions – from international and domestic payments, to our Education software solution to manage the entire student financial journey, including billing, payment plans, collections and more. This greatly reduces the complexity for institution administrators who are looking to offer more payment choices to their students and families, without significant investment. And for students and families, the integrations provide a highly-tailored, convenient and secure digital payment experience, which can be customized by university, country, and currency. It also enables institutions to consolidate the multiple payment options they offer, which accelerates funds flow, eases reconciliation and streamlines operational efficiencies.


Uptick in international student mobility extends partnership’s global reach

In response to customer demand, and with student mobility on the rise, the partnership between Flywire and Ellucian has also expanded its global footprint into Canada, the United Kingdom, and Latin America. According to the statistics from the Canadian government, Canada hosted more than 800,000 international students in 2022, which was nearly double its original forecast. And data from UNESCO shows that the Latin American countries of Brazil, Mexico, Colombia, Peru, Chile and Argentina were receiving almost as many inbound students as they were sending, driven by a focus on intra-regional mobility in the area.

An increase in student mobility globally is putting pressure on institutions to attract, retain and engage students with positive payment experiences. According to a Flywire report, 78% of Canadian students surveyed said a simplified payment process would improve their education experience. And in the same report, 80% of students surveyed from Peru said the option to pay in installments makes education more affordable. The partnership between Flywire and Ellucian is designed to solve these pain points.

“Ellucian has long been a valued partner of ours, and we are thrilled to continue to build on our relationship, and to be recognized for our integrations that will enhance our capabilities and extend our joint solutions worldwide,” said David King, Chief Technology Officer at Flywire. “With our award-winning integrations, institutions who are using Ellucian for all their essential services now have a seamless way to delight their students with secure, seamless payment experiences, all from within a familiar interface.”

Resources

  • Learn more about Flywire’s enhanced partnership with Ellucian at Ellucian LIVE, March 26 – 29 in New Orleans, LA. Visit Flywire’s booth 916.
  • To sign up to receive Flywire’s forthcoming research on higher education IT decision makers, visit here  
  • Learn more about Flywire’s solutions for higher education: Flywire’s digital education solutions

About Flywire

Flywire (Nasdaq: FLYW) is a global payments enablement and software company. Flywire combines its proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for clients and their customers.

Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, so organizations can optimize the payment experience for their customers while eliminating operational challenges.

Flywire supports 3,100 + clients with diverse payment methods in more than 140 currencies across 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA with global offices.

About Ellucian

Ellucian powers innovation for higher education, partnering with more than 2,900 customers across 50 countries, serving 22 million students. Fueled by decades of experience with a singular focus on the unique needs of learning institutions, the Ellucian platform features best-in-class SaaS capabilities and delivers insights needed now and into the future. These solutions and services span the entire student lifecycle, including data-rich tools for student recruitment, enrollment, and retention to workforce analytics, fundraising, and alumni engagement. Ellucian’s innovative solutions, vast ecosystem of partners and user community of more than 45,000 provides best practices leading to greater institutional success and achieving better student outcomes.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s future operating results and financial position, expected benefits from our solutions and integrations, our business strategy and plans, market growth, and our objectives for future operations. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire’s forward-looking statements include, among others, the factors that are described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Flywire’s Annual Report on Form 10-K for the year ended December 31, 2022, which is on file with the Securities and Exchange Commission (SEC) and available on the SEC’s website at https://www.sec.gov/. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

Media Contacts

Sarah King
[email protected]

Prosek Partners
[email protected]

Investor Relations Contact:
ICR
[email protected]



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AM Best Assigns Issue Credit Ratings to UnitedHealth Group Incorporated’s New Senior Unsecured Notes and New Shelf Registrations

AM Best Assigns Issue Credit Ratings to UnitedHealth Group Incorporated’s New Senior Unsecured Notes and New Shelf Registrations

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has assigned Long-Term Issue Credit Ratings (Long-Term IR) of “a” (Excellent) to UnitedHealth Group Incorporated’s (UnitedHealth Group) (Minnetonka, MN) [NYSE: UNH] recently issued $1.25 billion 4.250% senior unsecured notes, due 2029, $1.5 billion 4.5% senior unsecured notes, due 2033, $2 billion 5.05% senior unsecured notes, due 2053, and $1.75 billion 5.2% senior unsecured notes, due 2063. In addition, AM Best has assigned indicative Long-Term IRs of “a-” (Excellent) to subordinated issues, “bbb+” (Good) to preferred stock and “a” (Excellent) to senior unsecured issues of the recently filed shelf registration to UnitedHealth Group. The outlook assigned to these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn the ratings on the previous shelf registrations. UnitedHealth Group’s Long-Term Issuer Credit Rating of “a” (Excellent), its Long-Term IRs and the ratings of its insurance subsidiaries are unchanged.

The proceeds from the debt issuance will be used for general corporate purposes, including refinancing short-term debt that was used to finance the LHC Group Inc. (LHC) acquisition, valued at approximately $6 billion including the retirement of LHC debt, which closed early this year. The LHC acquisition will strengthen UnitedHealth Group’s home health services. Following the repayment of commercial paper and upcoming maturities, AM Best anticipates the issuance to increase the group’s adjusted financial leverage ratio approximately 44%. However, UnitedHealth Group has managed to bring its financial leverage down to the 40% range over time taking active actions to deleverage following sizeable acquisitions. As of Dec. 31, 2022, the group’s financial leverage was 41.4%. The organization maintains strong earnings before interest and taxes interest coverage in the low double digits. UnitedHealth Group has excellent liquidity through parent company cash, insurance subsidiary dividend capacity, non-regulated cash flow, commercial paper program and a $18 billion revolving credit agreement. A steady stream of revenue development and earnings growth have resulted in a solid operating performance trend over the past several years underpinned by UnitedHealth Group’s operations at UnitedHealthcare and at Optum. The organization expects this growth to continue over the medium term.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Antonietta Iachetta

Senior Financial Analyst

+1 908 439 2200, ext. 5792

[email protected]

Christopher Sharkey

Associate Director, Public Relations

+1 908 439 2200, ext. 5159

[email protected]

Doniella Pliss

Director

+1 908 439 2200, ext. 5104

[email protected]

Al Slavin

Senior Public Relations Specialist

+1 908 439 2200, ext. 5098

[email protected]

KEYWORDS: New York Europe United States North America

INDUSTRY KEYWORDS: Insurance Professional Services

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The SAVEGREEN Project® by New Jersey Natural Gas Earns 2023 ENERGY STAR®Partner of the Year Award

The SAVEGREEN Project® by New Jersey Natural Gas Earns 2023 ENERGY STAR®Partner of the Year Award

WALL, N.J.–(BUSINESS WIRE)–
New Jersey Natural Gas (NJNG) is pleased to announce its energy-efficiency program, The SAVEGREEN Project®, has received the 2023 ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE).

“Energy efficiency is an important first step to creating a clean energy future,” said Steve Westhoven, president and chief executive officer of New Jersey Natural Gas. “Last year alone, The SAVEGREEN Project helped achieve energy savings of nearly 3.5 million therms and reduced CO2 emissions by over 18,500 metric tons. To have SAVEGREEN recognized by the EPA and DOE as an ENERGY STAR Partner of the Year is a testament to our team and ongoing comment to energy efficiency.”

“As we accelerate historic efforts to address climate change, public-private partnerships will be essential to realizing the scale of our ambition,” said EPA Administrator Michael S. Regan. “I applaud this year’s ENERGY STAR award winners for working with the EPA to deliver a clean energy future that saves American consumers and businesses money and creates jobs.”

Each year, the ENERGY STAR program honors a select group of businesses and organizations that have made outstanding contributions in the transition to a clean energy economy. ENERGY STAR award winners lead their industries in the production, sale and adoption of energy-efficient products, homes, buildings, services and strategies. These efforts are essential to fighting the climate crisis, protecting public health and creating a cleaner energy future for everyone.

Winners are selected from a network of thousands of ENERGY STAR partners. For a complete list of 2023 winners and more information about ENERGY STAR’s awards program, visit energystar.gov/awardwinners.

Since 2009, NJNG has invested nearly $295 million in energy-efficiency programs through The SAVEGREEN Project®, including on-bill repayment and whole house solutions, and helped over 86,500 customers save energy and money, while reducing emissions. For more information, on NJNG’s energy-efficiency programs visit www.savegreenproject.com.

About New Jersey Resources

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

  • New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains over 7,700 miles of natural gas transportation and distribution infrastructure to serve over 570,000 customers in New Jersey’s Monmouth, Ocean and parts of Morris, Middlesex and Burlington counties.
  • NJR Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of more than 430 megawatts, providing residential and commercial customers with low-carbon solutions.
  • NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
  • Storage & Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility.
  • NJR Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its nearly 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®.

About ENERGY STAR

ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations rely on their partnership with the U.S. Environmental Protection Agency (EPA) to deliver cost-saving energy efficiency solutions. Since 1992, ENERGY STAR and its partners helped American families and businesses avoid more than $500 billion in energy costs and achieve more than 4 billion metric tons of greenhouse gas reductions. More background information about ENERGY STAR’s impacts can be found at www.energystar.gov/impacts.

Media Contact:

Mike Kinney

732-938-1031

[email protected]

Investor Contact:

Adam Prior

732-938-1145

[email protected]

KEYWORDS: New Jersey United States North America

INDUSTRY KEYWORDS: Environment Utilities Oil/Gas Sustainability Alternative Energy Energy

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FOX Business Network Closes Out First Quarter 2023 as Top Business Network on Television With Business Day Viewers for 4th Consecutive Quarter

FOX Business Network Closes Out First Quarter 2023 as Top Business Network on Television With Business Day Viewers for 4th Consecutive Quarter

“Kudlow” Continues Reign as Top Show in Business News for Fifth Straight Quarter

FBN Ends Q1 2023 Delivering Five of the Leading Business Programs with Total Viewers

NEW YORK–(BUSINESS WIRE)–FOX Business Network (FBN) ended the first quarter of 2023 defeating CNBC for 12 consecutive months in Business Day and 10 consecutive months in Market Hours with Total Viewers, according to Nielsen Media Research. Kudlow(weekdays, 4PM/ET) hosted by Larry Kudlow, was the top business program with Total Viewers for the fifth consecutive quarter, while the network also delivered five of the top 10 business programs in total viewers.

As the markets reacted to the Silicon Valley Bank collapse, renewed fears of recession and heightened inflation, FBN overtook CNBC in business day (9:30 AM-5 PM/ET) and the critical market hours (9 AM-4 PM/ET), solidifying it as the go-to destination for breaking business news. Notably, FBN was the only business network to post year-over-year growth across the board, up 2% in business day viewers and 4% in market hour viewers (207,000) year-over-year. Furthermore, the network’s total day (6 AM-6 AM/ET) viewership averaged 130,000 total viewers, up 5% year-over-year.

With 290,000 total viewers, Kudlow once again closed out the quarter as the highest-rated business news program on television, netting a 58% advantage over its CNBC competition. This marked the program’s sixth consecutive quarterly win with viewers. FBN’s three-hour market open show Varney & Co. (weekdays 9 AM–12 PM/ET) hosted by Stuart Varney, earned 280,000 total viewers, placing second among business programs in television. Additionally, Varney & Co. closed out the month of March beating CNBC’s Squawk on the Street in total viewers marking its 13th straight monthly win. Mornings with Maria (weekdays, 6-9 AM/ET) anchored by Maria Bartiromo, grew A25-54 viewership by 8% during the pivotal pre-market hours. Placing seventh on the business news ranker, CAVUTO: Coast to Coast (weekdays, 12-1PM/ET) anchored by Neil Cavuto nabbed 184,000 viewers, a 10% advantage over Q1’22, while FBN’s newly launched program The Big Money Show (weekdays, 1 PM/ET) delivered 154,000 viewers and 20,000 with A25-54, an 11% increase in the demo from the same time last year. Making Money with Charles Payne (weekdays, 2 PM/ET) and The Claman Countdown (weekdays, 3 PM/ET) anchored by Liz Claman each placed within the top 15 business news programs for the quarter.

Notably, The Evening Edit with Elizabeth McDonald (weekdays, 5 PM/ET) garnered 202,000 viewers, outranking CNBC for the third consecutive quarter in its new timeslot and ranked fifth on the business news ranker. The program attained a 28% advantage over CNBC’s Fast Money/Options Action. FBN’s new program The Bottom Line (weekdays, 6 PM/ET) with co-hosts Dagen McDowell and Sean Duffy recorded 181,000 viewers, a 32% advantage over Jim Cramer’s Mad Money and a 15% increase year-over-year. Kennedy(Monday- Thursday, 7 PM/ET) beat CNBC’s Monday-Thursday programming for the first time ever, landing 114,000 viewers, a 15% advantage over CNBC’s Last Call/Shark Tank. CAVUTO: Coast to Coast, The Bottom Line, The Big Money Show, Kennedy & Mornings with Maria all ranked in the 20 most-watched programs on business television.

Bartiromo’s Friday primetime program Maria Bartiromo’s Wall Street (Fridays, 7-7:30 PM/ET) squashed its competition with a 27% advantage with viewers (FBN’s 95,000 P2+ vs. CNBC’s 75,000 P2+), marking its first total viewers win ever in a quarter. Additionally, WSJ at Large with Gerry Baker(Fridays, 7:30-8 PM/ET) scored 64,000 viewers while Barron’s Roundtable (Saturdays, 10AM/ET) posted 13% growth in the 25-54 demo viewership versus Q1’22.

FBN ended the first quarter of the year, sweeping its competition and delivering eight of the top 10 cable news programs with affluent audiences among the 25-54 demo. Varney & Co. ranked first with ($147,700), followed by Making Money ($146,400), Wall Street Journal at Large ($142,200), The Claman Countdown ($142,000) and CAVUTO: Coast to Coast ($141,700) placed fourth, fifth and sixth, respectively and The Big Money Show ($134,600), Kudlow ($133,100) and Maria Bartiromo’s Wall Street ($131,100) rounded out the top 10 programs.

***Below is the data according to Nielsen Media Research

Q1’23 Total Day (6 AM-6 AM/ET):

FBN: 130,000 P2+ and 13,000 A25-54

CNBC: 140,000 P2+ and 33,000 A25-54

Q1’23 Business Day (9:30 AM-5 PM/ET):

FBN: 213,000 P2+ and 20,000 A25-54

CNBC: 188,000 P2+ and 39,000 A25-54

Q1’23 Market Hours (9 AM-4 PM/ET):

FBN: 207,000 P2+ and 20,000 A25-54

CNBC: 190,000 P2+ and 40,000 A25-54

**Program Specials Excluded​**

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is currently the top business channel on television. The network is available in nearly 80 million homes in all markets across the United States. Owned by Fox Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

FOX Business Media Contact

Sofie Watson: 212-301-3818 or [email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: TV and Radio General Entertainment Entertainment

MEDIA:

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Oak Woods Acquisition Corporation Announces Closing of $57,500,000 Initial Public Offering and Full Exercise of Over-Allotment Option

ONTARIO, CANADA, March 28, 2023 (GLOBE NEWSWIRE) —  Oak Woods Acquisition Corporation (the “Company”) announced today the closing of its initial public offering of 5,750,000 units at $10.00 per unit, including 750,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option. The units are listed on Nasdaq (“Nasdaq”) and began trading on March 24, 2023, under the ticker symbol “OAKUU”. Each unit consists of one Class A ordinary share, one redeemable warrant and one right to receive one-sixth (1/6) of a Class A ordinary share upon the consummation of an initial business combination. Each redeemable warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares, rights and warrants will be traded on Nasdaq under the symbols “OAKU,” “OAKUR” and “OAKUW,” respectively.

The Company is a newly organized blank check company incorporated as a Cayman Islands exempted company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Although the Company is not limited to a particular industry or geographic region for purposes of consummating an initial business combination, it intends to focus on businesses that have their primary operations in the technology-enabled healthcare services industry located in the Asia-pacific region. The Company is led by Lixin Zheng, Chief Executive Officer, Chief Financial Officer, Chairman and Director.

EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”) acted as the sole book running manager for the offering.

RAITI, PLLC is serving as legal counsel to the Company. Ortoli Rosenstadt LLP is serving as counsel to EF Hutton.

The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from EF Hutton, division of Benchmark Investments, LLC, Attn: Syndicate Department, 590 Madison Ave., 39th Floor, New York, New York 10022, by telephone at (212) 404-7002, by fax at (646) 861-4697, or by email at [email protected].

A registration statement on Form S-1 (File No. 333-269862) relating to these securities was filed with and declared effective by the Securities and Exchange Commission (“SEC”) on March 23, 2023. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s initial public offering, the anticipated use of the net proceeds thereof and the Company’s search for an initial business combination. No assurance can be given that the net proceeds of the initial public offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact:

Lixin Zheng
Chief Executive Officer, Chief Financial Officer, Chairman and Director
Oak Woods Acquisition Corp.
Email: [email protected]
Phone: (+1) 403-561-7750



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Wolfspeed and NC A&T to Establish Joint R&D Facility to Further Advance Silicon Carbide Innovation

Wolfspeed and NC A&T to Establish Joint R&D Facility to Further Advance Silicon Carbide Innovation

  • Company expands partnership with North Carolina Agricultural and Technical State University to bolster compound semiconductor advances while developing a new generation of innovators

DURHAM, N.C.–(BUSINESS WIRE)–
Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology, and North Carolina Agricultural and Technical State University, America’s leading historically Black college or university, today announced their intent to apply for CHIPS and Science Act funding to build a new research and development facility on the North Carolina A&T campus. The R&D facility will be focused on Silicon Carbide to support the next generation of advanced compound semiconductors. Wolfspeed and A&T intend to submit the project for federal investment as part of the CHIPS and Science Act when the Notice of Funding Opportunity for R&D facilities is released this fall.

“Wolfspeed has been working with North Carolina A&T to develop a workforce of the future, and we are excited to expand that partnership to develop the technology of the future,” said Gregg Lowe, President and CEO of Wolfspeed. “The R&D facility will enable the next generation of innovators to explore new processes, applications and breakthrough advancements to support the global transition from silicon to Silicon Carbide technology and achieve new levels of sustainability and energy efficiency across a variety of industries.”

The announcement was made at an event with President Joe Biden at Wolfspeed’s headquarters in Durham, N.C., and the R&D facility is intended to augment the company’s establishment of the John Palmour Manufacturing Center for Silicon Carbide, the world’s largest Silicon Carbide crystal growth facility, currently under construction in Siler City, North Carolina. Phase one construction is anticipated to be completed in 2024 and, upon completion of the full build out and combined with the company’s currently ongoing materials expansion at its Durham headquarters, will increase material production for Wolfspeed more than 10x and create 1,800 new jobs. The facility will supply 200mm Silicon Carbide wafers to Wolfspeed’s Mohawk Valley Fab, which opened last year in New York as the world’s first, largest and only 200mm Silicon Carbide fabrication facility. U.S. Secretary of Commerce Gina Raimondo and North Carolina Governor Roy Cooper were also in attendance at the event.

“As one of the top three public research universities in North Carolina and the nation’s largest HBCU, we are keenly interested in the future of the semiconductor chip industry in our state,” said Chancellor Martin. “As a research and education partner with Wolfspeed, we bring deep academic and scientific strengths in STEM disciplines to our collaboration, as well as the fact that we produce more Black engineers than any university in the nation. This new facility will integrate our research and development interests toward major economic and social impact, not just in North Carolina, but globally. The possibilities are tremendously exciting.”

Wolfspeed has recognized A&T, one of the nation’s leading engineering institutions, as a critical component of the company’s talent development strategy. In 2020, Wolfspeed committed $4 million over five years to the HBCU, the single largest donation in the university’s history at the time, to create the Wolfspeed Endowed Scholars Program. In September 2022, the two entities announced a partnership to develop a comprehensive education and training curricula, including undergraduate and graduate credentials in Silicon Carbide semiconductor manufacturing, as well as training and career advancement programs for existing semiconductor manufacturing workers.

To further support Wolfspeed’s growing talent needs, the company is working with several schools within North Carolina’s robust community college system to develop the skills required for its advanced manufacturing needs. This includes apprenticeship and pre-apprenticeship opportunities, customized training curricula, career and college promise pathways for high school students, and work-based learning programs.

About Wolfspeed, Inc.:

Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of Silicon Carbide and GaN technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include Silicon Carbide materials, power devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.

Twitter: @Wolfspeed

LinkedIn: @Wolfspeed

Wolfspeed® is a registered trademark of Wolfspeed, Inc.

Forward Looking Statements:

This press release contains forward-looking statements by Wolfspeed involving risks and uncertainties, both known and unknown, that may cause Wolfspeed’s actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk that Wolfspeed and NC A&T do not receive receiving funding under the CHIPS and Science Act for the R&D facility; that Wolfspeed and NC A&T may encounter delays or other difficulties in constructing and equipping the R&D facility; the continued pace of the transition to using Silicon Carbide devices in electric vehicles and other industrial uses; the rapid development of new technology and competing products that may impair demand or render Wolfspeed’s Silicon Carbide products obsolete; and other factors discussed in Wolfspeed’s filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended June 26, 2022, and subsequent filings. For additional product and company information, please refer to www.wolfspeed.com.

About North Carolina A&T:

North Carolina Agricultural and Technical State University is a doctoral, high-research activity land grant university and the largest historically Black university in America for the last nine consecutive years. Founded in 1891, it is located in Greensboro, N.C. It is the fastest-growing member of the 17-campus University of North Carolina System, having added 3,000 students over the past decade. It is ranked among America’s top 50 national universities in Social Mobility and in Innovation. Considered the leading STEM university among HBCUs, it has graduated more Black engineers, agricultural scientists, journalism and liberal arts students than any other U.S. university over the past two years.

Media Relations:

Melinda Walker

Director, Corporate Communications

818-261-4585

[email protected]

Investor Relations:

Tyler Gronbach

VP, External Affairs

919-407-4820

[email protected]

Jackie Torok

Director, Media Relations

North Carolina A&T

336-256-0863/336-681-0028

[email protected]

KEYWORDS: United States North America North Carolina

INDUSTRY KEYWORDS: Other Defense Semiconductor Automotive Manufacturing Alternative Energy Aerospace Energy Sustainability Manufacturing Technology University Primary/Secondary Education Defense Environment Science Research

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Toll Brothers Announces Model Grand Opening at its Hudson Landing Community in Beacon, N.Y.

New luxury community features stunning architectural and interior design

BEACON, N.Y., March 28, 2023 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, today announced the grand opening of its model homes at Toll Brothers at Hudson Landing, a new luxury home community in the vibrant town of Beacon, New York.

The highly anticipated model homes at Toll Brothers at Hudson Landing feature innovative architecture and stunning interior design and merchandising. These must-see model homes showcase the perfect blend of luxury living and modern farmhouse design.

Toll Brothers at Hudson Landing features seven home designs with 2 to 3 bedrooms and 2.5 to 3.5 baths ranging from 2,000 to 2,500+ square feet of luxury living space. These modern home designs offer open floor plans, gourmet kitchens, home offices, finished basements, two-car garages, and a host of other outstanding features, each built with the outstanding quality, craftsmanship, and value for which Toll Brothers is known. Home prices start in the mid-$600,000s.

“Our Hudson Landing community has experienced tremendous interest since we opened last year, and we’re thrilled to debut our new models so that buyers can see these incredible new homes for themselves,” said James Fitzpatrick, Group President of Toll Brothers in the Northeast. “Featuring a modern farmhouse design that is popular with our home buyers, our new model homes are truly an inspiration. We invite all home buyers to schedule a tour to visit.”


Toll Brothers at Hudson Landing


The model homes at Toll Brothers at Hudson Landing minutes from downtown Beacon are now open, showcasing the community’s stunning architectural and interior design.

Home buyers will enjoy proximity to nearby shopping, dining, arts and entertainment, and recreational destinations. Within 10 miles of the community buyers will find DIA: Beacon Art Foundation featuring art collections from the 1960’s through present day, mountaintop hiking at Mount Beacon, Storm King Art Center, the largest museum collection of contemporary outdoor sculptures in the United States, and Hudson Valley history at the Boscobel House and Gardens or the Vanderbilt Estate.

Major highways including Route 84, Route 9, and the Taconic State Parkway are easily accessible from Toll Brothers at Hudson Landing, as well as the Metro North Railroad to New York City.

Toll Brothers at Hudson Landing home buyers will also experience the Toll Brothers Design Studio in Danbury, Connecticut. The state-of-the-art Design Studio allows buyers to choose from a wide array of selections to personalize their dream home with the assistance of professional Toll Brothers Design Consultants. 

For more information and to view the model homes, call 866-329-2001 or visit TollBrothersatHudsonLanding.com.


Toll Brothers at Hudson Landing


“Our Hudson Landing community has experienced tremendous interest since we opened last year, and we’re thrilled to debut our new models so that buyers can see these incredible new homes for themselves,” said James Fitzpatrick, Group President of Toll Brothers in the Northeast.

About Toll Brothers

Toll Brothers, Inc., a Fortune 500 Company, is the nation’s leading builder of luxury homes. The Company was founded 56 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol “TOL.” The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations.

Toll Brothers was named the #1 Home Builder in Fortune magazine’s 2023 survey of the World’s Most Admired Companies®, the eighth year it has been so honored. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit TollBrothers.com.

©2023 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of, Toll Brothers.

Contact: Andrea Meck | Toll Brothers, Director, Public Relations & Social Media | 215-938-8169 | [email protected]

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/3b5d68a9-1a25-40ba-8b69-e2047a4e7b70

https://www.globenewswire.com/NewsRoom/AttachmentNg/2ef3d12f-54f6-48a0-a4d9-f6e1a2a78c2b

Sent by Toll Brothers via Regional Globe Newswire (TOLL-REG)



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Arogo Capital Acquisition Corp. Announces Stockholder Approval of Extension of Deadline to Complete Business Combination

NEW YORK, NY, March 28, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – On March 28, 2023, Arogo Capital Acquisition Corp. (the “Company” or “Arogo”) (Nasdaq: AOGO/AOGOU/AOGOW), a special purpose acquisition company, announced that its stockholders have approved an extension of the date by which the Company must consummate a business combination from March 29, 2023 to December 29, 2023 (or such earlier date as determined by the Company’s board of directors) (the “Extension”) at the special meeting of stockholders held on March 24, 2023 (the “Special Meeting”). The Extension provides the Company with additional time to complete the previously announced proposed business combination (the “Transaction”) with EON Reality, Inc., a California corporation.

The Company will deposit an amount equal to $0.0345 per share for each public share or $191,666 (the “Extension Payment”) into the Company’s trust account for its public stockholders (the “Trust Account”), which enables the Company to further extend the period of time it has to consummate its initial business combination by one month from March 29, 2023, to April 29, 2023. This extension is the first of up to nine monthly extensions permitted under the Certificate of Amendment to the Company’s Amended and Restated Certificate of Incorporation approved by our stockholders at the Special Meeting.

Stockholders holding 5,289,280 shares of common stock of Arogo exercised their right to redeem their shares for a pro rata portion of the funds in the Trust Account. As a result, approximately $55,272,976 (approximately $10.45 per share) will be removed from the Trust Account to pay such holders. Following the redemption, the Company’s remaining shares of common stock outstanding were 5,552,745. Arogo will deposit into the Trust Account $191,666 for the initial extension period (commencing March 29, 2023 and ending April 29, 2023).

The Company also made an amendment to the Company’s investment management trust agreement (the “Trust Agreement”), dated as of December 23, 2021, by and between the Company and Continental Stock Transfer & Trust Company, allowing the Company to extend the business combination period from March 29, 2023, to December 29, 2023, and updating certain defined terms in the Trust Agreement.

Business Combination

On April 25, 2022, Arogo entered into an Agreement and Plan of Merger (as amended on October 6, 2022, and as it may be further amended or supplemented from time to time, the “Merger Agreement”), by and among Arogo, Arogo Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Arogo (“Merger Sub”), EON Reality, Inc., a California corporation (“EON Reality”), Koo Dom Investment, LLC, in its capacity as Purchaser Representative, and EON Reality, Inc., in its capacity as Seller Representative. Pursuant to the Merger Agreement, at the closing of the transactions contemplated by the Merger Agreement (the “Closing”), Merger Sub will merge with and into EON Reality, with EON Reality becoming a wholly-owned, privately-held subsidiary of Arogo, and Arogo with change its name to EON Reality Holdings, Inc., which will continue as the surviving public corporation after the Closing (“EON Reality Holdings”).

About Arogo Capital Acquisition Corp.

Arogo is a blank check company incorporated as a Delaware corporation on June 9, 2021 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

About EON Reality

EON Reality is a leading company in Augmented and Virtual Reality-based experience creation for education and industry as well as the reputed creator of the Knowledge Metaverse. EON Reality’s over 20 years of existence and success are tied to its belief that knowledge is a human right and should be available, accessible, and affordable for every person on the planet. To carry this out, EON Reality developed and launched EON-XR, a SaaS-based platform dedicated to the democratization of XR content creation that brings code-free XR development and publishing to smartphones, tablets, laptops, and any other XR-focused devices.  EON-XR can be used in devices of different sizes, in different shapes and at different types of locations: from hand-held mobile devices, to head-mounted displays, to large-scale screens, and even at mega-size facilities.  EON Reality’s global network now comprises more than 1.8 million licenses who are collectively building the Knowledge Metaverse in more than 75 locations.  EON Reality has also created the world’s leading XR library for education and industry with access to at least 4.4 million assets and counting. For further information, visit www.eonreality.com.

Additional Information and Where to Find It

In connection with the proposed business combination transaction, Arogo filed relevant materials with the Securities and Exchange Commission (the “SEC”), including a filed registration statement on Form S-4, which included a draft proxy statement/prospectus of Arogo on October 7, 2022, and on February 13, 2023, and it intends to file other documents regarding the proposed business combination transaction with the SEC in the future. Arogo’s stockholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement and documents incorporated by reference therein filed in connection with the proposed business combination transaction, as these materials will contain important information about EON Reality, Arogo and the proposed business combination transaction. Promptly after the Form S-4 is declared effective by the SEC, Arogo will mail the definitive proxy statement/prospectus and a proxy card to each stockholder entitled to vote at the meeting relating to the approval of the business combination and other proposals set forth in the proxy statement/prospectus. Before making any voting or investment decision, investors and stockholders of Arogo are urged to carefully read the entire registration statement and proxy statement/prospectus, now that they are available and when they are declared effective, and any other relevant documents filed with the SEC, as well as any amendments or supplements to these documents, because they will contain important information about the proposed business combination transaction. The documents filed by Arogo with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov, (Registration No. 333-259338), or by directing a request to Arogo Capital Acquisition Corp., 848 Brickell Avenue, Penthouse 5, Miami, FL 33131.

No Offer or Solicitation

This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

Participants in the Solicitation

Arogo and its directors and executive officers may be deemed participants in the solicitation of proxies from its stockholders with respect to the business combination. A list of the names of those directors and executive officers and a description of their interests in Arogo will be included in the proxy statement/prospectus for the proposed business combination when available at www.sec.gov. Information about Arogo’s directors and executive officers and their ownership of Arogo common stock is set forth in Arogo’s prospectus, dated December 23, 2021, as modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such filing. Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement/prospectus pertaining to the proposed business combination when it becomes available. These documents can be obtained free of charge from the source indicated above.

EON Reality and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of Arogo in connection with the proposed business combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed business combination will be included in the proxy statement/prospectus for the proposed business combination.

Cautionary Statement Regarding Forward-Looking Statements

This communication contains certain statements which may be deemed as “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or words of similar meaning. These forward-looking statements include, but are not limited to, statements regarding EON Reality’s industry and market sizes, future opportunities for EON Reality and Arogo, EON Reality’s estimated future results and the proposed business combination between Arogo and EON Reality, including the implied enterprise value, the expected transaction and ownership structure and the likelihood, timing and ability of the parties to successfully consummate the proposed transaction. Such forward-looking statements are based upon the current beliefs and expectations of the management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond the management’s control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.

In addition to factors previously disclosed in Arogo’s reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: inability to meet the closing conditions to the business combination, including the occurrence of any event, change, legal proceedings instituted against EON Reality or against Arogo related to the business combination agreement or the management team, or other circumstances that could give rise to the termination of the business combination agreement; the inability to complete the transactions contemplated by the business combination agreement due to the failure to obtain approval of Arogo’s stockholders; redemptions exceeding a maximum threshold or the failure to meet The Nasdaq Stock Market’s initial listing standards in connection with the consummation of the contemplated transactions; costs related to the transactions contemplated by the business combination agreement; a delay or failure to realize the expected benefits from the proposed business combination agreement transaction including EON Reality’s ability to effectively develop and successfully market new products, solutions and services, and to effectively address cost reductions and other changes in its industry; risks related to disruption of management’s time from ongoing business operations due to the proposed business combination transaction; changes in the virtual reality markets in which EON Reality competes, including with respect to its competitive landscape, technology evolution or regulatory changes on solutions, services, labor matters, international economic, political, legal, compliance and business factors; developments and uncertainties in domestic and foreign trade policies and regulations, and other regulations which may cause contractions or affect growth rates and cyclicality of markets EON Reality serve; disruptions relating to war, terrorism, widespread protests and civil unrest, man-made and natural disasters, public health issues and other events; changes in domestic and global general economic conditions; risk that EON Reality may not be able to execute its growth strategies; security breaches or other disruptions of EON Reality information technology systems or violations of data privacy laws; EON Reality’s inability to adequately protect its intellectual property; risks related to the ongoing COVID-19 pandemic and response, including new variants of the virus; the pace of recovery in the markets in which EON Reality operates; global supply chain disruptions and potential staffing shortages at potential customers which may have a trickle-down effect on EON Reality; risk that EON Reality may not be able to develop and maintain effective internal controls; and other risks and uncertainties indicated in Arogo’s final prospectus, dated December 23, 2021, for its initial public offering, and those that will be contained in the proxy statement/prospectus relating to the proposed business combination, including those under “Risk Factors” therein, and in Arogo’s other filings with the SEC. EON Reality and Arogo caution that the foregoing list of factors is not exclusive. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability.

Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond the management’s control. All information set forth herein speaks only as of the date hereof in the case of information about Arogo and EON Reality or the date of such information in the case of information from persons other than Arogo or EON Reality, and except to the extent required by applicable law, we disclaim any intention or obligation to update or revise any forward-looking statements as a result of new information, future events and developments or otherwise occurring after the date of this communication. Forecasts and estimates regarding EON Reality’s industry and markets are based on sources we believe to be reliable, however there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results. Neither Arogo nor EON Reality gives any assurance that either Arogo or EON Reality, respectively, will achieve its expectations.

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