FCPT Announces Acquisition of a P.F. Chang’s Property for $4.8 Million

FCPT Announces Acquisition of a P.F. Chang’s Property for $4.8 Million

MILL VALLEY, Calif.–(BUSINESS WIRE)–
Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a P.F. Chang’s property for $4.8 million. P.F. Chang’s China Bistro is an American-based, casual dining restaurant chain with over 200 locations across the United States, serving Asian fusion cuisine. The property is located in a highly trafficked, strong retail corridor in Illinois and under a corporate triple net lease with approximately 5 years of term remaining. The transaction was priced at a 7.4% cap rate on rent as of the closing date and exclusive of transaction costs.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.

Category: Acquisition

Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEO

Patrick Wernig, 415-965-8038

CFO

KEYWORDS: California Illinois United States North America

INDUSTRY KEYWORDS: REIT Restaurant/Bar Retail Commercial Building & Real Estate Construction & Property

MEDIA:

IMAX To Host Fireside Chat with IMAX China CEO, Daniel Manwaring

IMAX To Host Fireside Chat with IMAX China CEO, Daniel Manwaring

NEW YORK–(BUSINESS WIRE)–
IMAX Corporation (NYSE: IMAX) today announced that it will host a fireside chat with Daniel Manwaring, IMAX China CEO, on January 9th, 2025, at 10:00 a.m. ET.

The event will include the unveiling of IMAX China’s Chinese New Year slate followed by a moderated discussion around the IMAX content portfolio and overall box office environment in China. Questions may be submitted in advance to [email protected].

Manwaring was named CEO of IMAX China in December 2022. Earlier, he spent a decade at Creative Artists Agency in China, where he was the firm’s head of media finance across Asia. Manwaring was recently profiled by Forbes — click here to read the article.

Event: Fireside Chat with IMAX China CEO, Daniel Manwaring

Location: Virtual

Fireside Date: Thursday, January 9th

Virtual Fireside Time: 10:00 a.m. ET

Registration for the live webcast is available on the IMAX investor relations website at investors.imax.com.

About IMAX Corporation

IMAX, an innovator in entertainment technology, combines proprietary software, architecture, and equipment to create experiences that take you beyond the edge of your seat to a world you’ve never imagined. Top filmmakers and studios are utilizing IMAX systems to connect with audiences in extraordinary ways, making IMAX’s network among the most important and successful theatrical distribution platforms for major event films around the globe.

IMAX is headquartered in New York, Toronto, and Los Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of September 30, 2024, there were 1,788 IMAX systems (1,714 commercial multiplexes, 12 commercial destinations, 62 institutional) operating in 89 countries and territories. Shares of IMAX China Holding, Inc., a subsidiary of IMAX Corporation, trade on the Hong Kong Stock Exchange under the stock code “1970”.

IMAX®, IMAX® 3D, Experience It In IMAX®, The IMAX Experience®, DMR®, Filmed For IMAX®, IMAX LIVE™, and IMAX Enhanced® are trademarks and trade names of IMAX Corporation or its subsidiaries that are registered or otherwise protected under laws of various jurisdictions. For more information, visit www.imax.com. You may also connect with IMAX on Instagram (www.instagram.com/imax), Facebook (www.facebook.com/imax), LinkedIn (www.linkedin.com/company/imax), X (www.twitter.com/imax), and YouTube (www.youtube.com/imaxmovies).

For additional information please contact:

Investors:

Jennifer Horsley

[email protected]

212.821.0154

Media:

Mark Jafar

[email protected]

212.821.0102

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Film & Motion Pictures Audio/Video General Entertainment Technology Entertainment

MEDIA:

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Acadia Pharmaceuticals to Present at the 43rd Annual J.P. Morgan Healthcare Conference on January 14, 2025

Acadia Pharmaceuticals to Present at the 43rd Annual J.P. Morgan Healthcare Conference on January 14, 2025

SAN DIEGO–(BUSINESS WIRE)–
Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) today announced that it will present at the 43rdAnnual J.P. Morgan Healthcare Conference in San Francisco, CA. Catherine Owen Adams, Chief Executive Officer will represent the Company in a session scheduled on Tuesday, January 14, 2025, at 9:00 a.m. Pacific Time / 12:00 p.m. Eastern Time.

A live webcast of Acadia’s presentation will be accessible on the company’s website, Acadia.com, under the investors section and an archived recording will be available on the website for approximately one month following the presentation.

About Acadia Pharmaceuticals

Acadia is advancing breakthroughs in neuroscience to elevate life. Since our founding we have been working at the forefront of healthcare to bring vital solutions to people who need them most. We developed and commercialized the first and only FDA-approved drug to treat hallucinations and delusions associated with Parkinson’s disease psychosis and the first and only approved drug in the United States and Canada for the treatment of Rett syndrome. Our clinical-stage development efforts are focused on Prader-Willi syndrome, Alzheimer’s disease psychosis and multiple other programs targeting neuropsychiatric symptoms in central nervous system disorders. For more information, visit us at Acadia.com and follow us on LinkedIn and X.

Investor Contact:

Acadia Pharmaceuticals Inc.

Al Kildani

(858) 261-2872

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Science Biotechnology Research Pharmaceutical General Health Health Mental Health Clinical Trials

MEDIA:

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Christopher Kuehn Elected to Celanese Board of Directors

Christopher Kuehn Elected to Celanese Board of Directors

DALLAS–(BUSINESS WIRE)–
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced that Christopher Kuehn has been elected to the company’s Board of Directors. Mr. Kuehn, 52, is the Executive Vice President and Chief Financial Officer of Trane Technologies plc, a global climate innovator. He will join the Celanese Board effective January 1, 2025, bringing the total number of Board members to 12 (11 of whom are independent).

In his current role as Executive Vice President and Chief Financial Officer, Mr. Kuehn is responsible for global finance functions including investor relations, financial planning and analysis, treasury, business unit finance, controllership, external reporting, tax, and audit/advisory services, as well as enterprise risk management, global information technology and digital risk. Mr. Kuehn became senior vice president and Chief Financial Officer of Trane Technologies when the company launched in 2020 as part of the Reverse Morris Trust Transaction with Ingersoll Rand. Previously, he served as VP & Chief Accounting Officer of Ingersoll Rand plc from June 2015 to February 2020, with responsibility for global controllership and reporting, enterprise financial planning and analysis and business unit finance. Prior to joining Ingersoll Rand, he served as Corporate Controller & Chief Accounting Officer at Whirlpool Corporation from 2012 to 2015 and served as Segment CFO, Thermal Equipment & Services segment at SPX Corporation and other senior finance roles from 2006 to 2012. Mr. Kuehn began his career at PricewaterhouseCoopers LLP in 1994 where he held positions of increasing responsibility in the assurance practice.

Mr. Kuehn received a B.S. in Accounting from State University of New York College at Geneseo and an M.B.A. from University of Rochester. He is a New York licensed CPA.

“The Board is delighted to welcome Chris,” said Kim Rucker, Lead Independent Director, Celanese Corporation. “He is a seasoned executive that deepens the Board’s financial and risk management expertise, in addition to bringing fresh perspectives as a current CFO managing a range of financial and information technology and security disciplines.”

Mr. Kuehn will stand for re-election at the 2025 Annual Meeting of Shareholders.

About Celanese

Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of $10.9 billion.

Investor Relations

Bill Cunningham

+1 302 999 6410

[email protected]

Media Relations – Global

Brian Bianco

Phone: +1 972 443 4400

[email protected]

Media Relations Europe (Germany)

Petra Czugler

Phone: +49 69 45009 1206

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Chemicals/Plastics Manufacturing

MEDIA:

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BJ’s Wholesale Club Announces Grand Opening of St. Johns Club

BJ’s Wholesale Club Announces Grand Opening of St. Johns Club

BJ’s brings unbeatable value to 40th location in Florida

MARLBOROUGH, Mass. & ST. JOHNS, Fla.–(BUSINESS WIRE)–BJ’s Wholesale Club (NYSE: BJ) announced today that its club in St. Johns, Florida, will open on December 20, 2024.

The club, located at 115 Beachwalk Blvd. in the Beachwalk East Shopping Center, is BJ’s 40th club in Florida. It will feature an on-site BJ’s Gas location with everyday low fuel prices and potential extra savings through BJ’s Fuel Saver Program.

BJ’s offers unmatched value on everyday essentials in a convenient one-stop shop. Members can save on fresh foods, produce, full-service deli items, fresh bakery goods, household essentials, home décor, pet supplies, toys, tech and more. BJ’s members love the true treasure-hunt shopping experience, finding new and exciting items with every visit.

“We’re eager to bring our unbeatable value and convenience to St. Johns and the surrounding communities,” said Stephen Wolters, Club Manager, St. Johns BJ’s Wholesale Club. “BJ’s members save up to 25% off grocery store prices every day. We also look forward to being an active member of the community, making a positive difference as we take care of the families who depend on us.”

BJ’s has a longstanding commitment to nourishing its communities. For over 15 years, it has worked with Feeding America and its network of food banks, providing more than 125 million meals for those in need. In the St. Johns community, BJ’s is partnering with Feeding Northeast Florida by donating unsold produce, meat, dairy, and more every week.

Additionally, BJ’s Charitable Foundation is granting $15,000 to Feeding Northeast Florida to purchase new refrigeration units for two food pantries in St. Johns: Epic Cure and The Simon’s House. Funding will also support the St. Johns County School District SnackPacks Program, getting healthy meals into the hands of children who need them – and helping to alleviate the increasing demands of the much-needed program.

“We’re grateful to BJ’s Wholesale Club for its ongoing support,” said Susan King, President and CEO of Feeding Northeast Florida. “Through our partnership, we’re able to continue our mission of addressing hunger in our community.”

BJ’s members can choose from several time-saving options whether shopping online or in-club. Curbside pick-up, in-club pick-up, same-day delivery* and standard delivery are available on BJs.com, while members shopping in-club can use ExpressPay** through the BJ’s mobile app to scan products as they shop and skip the checkout line.

Additional member perks include:

  • Unbeatable grocery store prices: Members can save up to 25% off grocery store prices every day

  • A risk-free membership: Shoppers can try BJ’s risk-free with the company’s 100% money-back guaranteed membership

  • BJ’s coupons + manufacturers’ coupons: Members can combine BJ’s coupons with many manufacturers’ coupons for maximum savings

  • BJ’s Gas: Members can fill up at 182 BJ’s Gas® locations at low prices. Plus, members can save even more through BJ’s Fuel Saver Program

Local shoppers can join the new club now with limited-time exclusive offers***. New members can sign up for The Club Card Membership at $25 for 1-year membership with BJ’s Easy Renewal® or The Club+ Card Membership at $70 for 1-year membership with BJ’s Easy Renewal®. The Club+ Card Membershipholders receive 5¢ off/gal. at BJ’s Gas and earn 2% back†† in rewards‡‡ on most BJ’s purchases.

All BJ’s memberships are subject to BJ’s current membership terms, ask in-club or go to BJs.com/terms.

About BJ’s Wholesale Club Holdings, Inc.

BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) is a leading operator of membership warehouse clubs focused on delivering significant value to its members and serving a shared purpose: “We take care of the families who depend on us.” The company provides a wide assortment of fresh foods, produce, a full-service deli, fresh bakery, household essentials, various exclusive offerings, gas and more to deliver unbeatable value to smart-saving families. Headquartered in Marlborough, Massachusetts, the company pioneered the warehouse club model in New England in 1984 and currently operates 247 clubs and 182 BJ’s Gas® locations in 20 states. For more information, please visit us at www.BJs.com or on Facebook, or Instagram.

About Feeding Northeast Florida (FNEFL)

Feeding Northeast Florida (FNEFL) is the region’s largest nonprofit (501c3) food bank and hunger relief network. FNEFL provides nutritious foods and other essential goods to those in need and strives to improve the quality of life for people living in and around Northeast and North Central Florida by addressing food insecurity, poverty and poor health. Alongside our network of food distribution, agency and community partners, the Food Bank provides food resources and hope to help all people living in our 12-county service area (Alachua, Baker, Bradford, Clay, Duval, Flagler, Gilchrist, Levy, Nassau, Putnam, St. Johns and Union) who struggle to feed themselves and their families. Feeding Northeast Florida works daily to find solutions to address the issues of food insecurity and poverty through awareness, advocacy, education, and action in ways that promote dignity, respect and empowerment. For more information, visit feedingnefl.org.

*BJ’s Same-Day Delivery is not available in all ZIP codes. Log in to your account to confirm availability.

**30 items per transaction limit. Only available for purchases up to $750. Paper coupons not applicable. Cannot be used to purchase gift cards, alcohol, cigarettes, propane, appliances, fireworks, security-protected items or tires.

***Offer is valid at the St. Johns, FL, membership center and online at www.bjs.com/stjohns only, may not be combined with other offers, not redeemable for cash, non-transferable and only good for new members. Plus, sales tax where applicable. Offer is contingent upon your enrolling in BJ’s Easy Renewal®, and you authorize BJ’s to charge the debit/credit card first used at BJ’s after accepting this offer, an annual recurring charge in the amount of the then-current membership fee for all active memberships on your account, plus tax where applicable, on the first day of the month your membership expires. Expires: 3/18/25.

††The Club+ Card members earn 2% back in rewards on eligible purchases of goods and services in-club at BJ’s front-end registers, on BJs.com, or in the BJ’s app (minus any redeemed rewards, returns, refunds, or credit adjustments) when they scan their membership card for these purchases, unless the primary member or the member making the purchase is a cardholder in the BJ’s One® Mastercard® program, in which case the member will only earn rewards in accordance with the BJ’s One® Mastercard® program rewards terms (see BJs.com/bjsoneterms). Rewards earned may not exceed $500 in any 12-month period. Eligible purchases exclude eye exams, shipping, sales tax, bottle deposits, alcoholic beverages, cigarettes and tobacco-related products, lottery tickets, gift cards, propane, BJ’s Gas®, online optical purchases, membership fees and add-ons, warranties and protection plans, BJ’s services provided by third parties (e.g., BJ’s Travel®), and BJ’s B2B and BJ’s Global Sales transactions. See BJs.com/terms for information on excluded services. Eye exams and online optical purchases are not eligible for reward redemption.

The Club+ Card members receive an instant discount of 5¢ off each gallon of fuel purchased at BJ’s Gas® when they scan their membership card for these purchases, unless the primary member or the member making the purchase is a cardholder in the BJ’s One® Mastercard® program, in which case the member will only receive an instant discount at BJ’s Gas® in accordance with the BJ’s One® Mastercard® program rewards terms (see BJs.com/bjsoneterms). BJ’s Gas® purchases are not eligible purchases and do not earn rewards. For MD and NJ transactions, discount will be applied after sale, before payment. Subject to applicable state law restrictions.

‡‡Rewards are yours for the life of your The Club+ Card Membership – they will not expire while your membership remains active and in good standing. Rewards earned may not exceed $500 in any 12-month period. Must have a minimum balance of $10 in rewards to redeem. Minimum eligible purchase amount is $10 at BJ’s checkout. The rewards program is provided by BJ’s Wholesale Club, Inc. and its terms may change at any time. For full rewards terms and conditions, please see BJs.com/terms.

Media:

Kirk Saville

Head of Corporate Communications

BJ’s Wholesale Club

[email protected]

774-512-5597

Briana Keene

Sr. Manager, External Communications

BJ’s Wholesale Club

[email protected]

774-512-6802

KEYWORDS: Florida Massachusetts United States North America

INDUSTRY KEYWORDS: Online Retail Supermarket Discount/Variety Philanthropy Department Stores Food/Beverage Fashion Convenience Store Retail Foundation Home Goods

MEDIA:

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Resources Connection to Announce Fiscal 2025 Second Quarter Results on January 2, 2025

Resources Connection to Announce Fiscal 2025 Second Quarter Results on January 2, 2025

DALLAS–(BUSINESS WIRE)–
Resources Connection, Inc. (Nasdaq: RGP) (the “Company,” “we,” “us” and “our”), a professional services firm, will announce results of operations for its second quarter of fiscal 2025 ended November 23, 2024, after the close of market on January 2, 2025.

This release will be followed by a conference call at 5:00 p.m. ET, January 2, 2025. A live webcast of the call will be available on the “Investor Relations” Events section of the Company’s website. To access the call by phone, please go to this link (registration link), and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time by visiting the https://rgp.com/ir/investor-relations-events/ section of the Company’s website.

ABOUT RGP

RGP is a professional services firm that powers the operational needs and change initiatives of its client base utilizing a combination of three distinct engagement brands:

  • On-Demand by RGP™: Our on-demand talent solutions, providing businesses with a go-to source for bringing in experts when they need them;

  • Veracity by RGP™: Our consulting arm, driving transformation across people, processes & technology; and

  • Countsy by RGP™: Our outsourced services for accounting, human resources and equity, helping startups, scaleups and spinouts focus on their growth.

Regardless of engagement model, we Dare to Work Differently® by leveraging human connection and collaboration to deliver practical solutions and impactful results. We offer a more effective way to work that favors flexibility and agility as businesses confront change and transformation pressures amid skilled labor shortages.

Based in Dallas, Texas with offices worldwide, we annually engage with over 1,700 clients around the world from 43 physical practice offices, multiple virtual offices and approximately 3,400 professionals. RGP is proud to have served 88% of the Fortune 100 as of August 2024 and has been recognized by U.S. News & World Report (2024-2025 Best Companies to Work for) and Forbes (America’s Best Management Consulting Firms 2024, America’s Best Midsize Employers 2024, World’s Best Management Consulting Firms 2024).

The Company is listed on the Nasdaq Global Select Market, the exchange’s highest tier by listing standards. To learn more about RGP, visit: http://www.rgp.com. (RGP-F)

Analyst Contact:

Jennifer Ryu, Chief Financial Officer

(US+) 1-714-430-6500

[email protected]

Media Contact:

Pat Burek, Financial Profiles

(US+) 1-310-622-8244

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Consulting Accounting Outsourcing Business Professional Services Human Resources

MEDIA:

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Mobix Labs, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results

Mobix Labs, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results

Revenue up 44% sequentially and significant Gross Margin expansion

Acquisition strategy successfully expanding end markets and diversifying offerings

Increasing Customer Demand

IRVINE, Calif.–(BUSINESS WIRE)–Mobix Labs, Inc. (Nasdaq: MOBX) (“Mobix Labs”, “Mobix” or the “Company”), a leader in advanced connectivity solutions, today announced financial results for its fiscal fourth quarter and year ended September 30, 2024.

“We are pleased to announce a successful fiscal fourth quarter that caps off Mobix Labs’ results as we complete our first year as a public company,” said Fabian Battaglia, CEO of Mobix Labs. “I’m proud of our team’s execution as we are quickly growing the breadth of our offerings and targeting synergistic accretive acquisitions. Integrating technologies and businesses is part of our core DNA, and shaping tomorrow’s connectivity is front and center for Mobix.”

“We were pleased with both our revenue growth of 426% for the fiscal year and our gross margin expansion,” commented Keyvan Samini, President and CFO of Mobix Labs. “Fiscal 2024 was a transformative year and as we begin 2025, we are pursuing additional financing to fuel our acquisition strategy and to provide for working capital to fulfill our strong customer demand.”

Financial Highlights for Fourth Quarter of 2024

  • Revenue: Total revenue grew to $3.0 million in the fourth quarter of 2024, a 44% increase from $2.1 million in the third quarter of 2024.
  • Loss from Operations: GAAP loss from operations for the quarter was $11.2 million, compared to a loss of $9.3 million for the third quarter of 2024. On a non-GAAP basis, adjusted loss from operations for the quarter was $3.6 million compared to a loss of $4.1 million for the third quarter of 2024.

Financial Highlights for Fiscal Year 2024

  • Revenue: Total revenue grew to $6.4 million in 2024, a 426% increase from $1.2 million in 2023.
  • Loss from Operations: GAAP loss from operations for the year was $46.4 million, compared to a loss of $35.5 million in 2023. On a non-GAAP basis, adjusted loss from operations for the year was $16.0 million compared to a loss of $18.7 million in 2023.

Recent Business Highlights

  • Signed a letter of intent to acquire Spacecraft Components Corp., a leader in high-precision, mission-critical components for aerospace, defense, and commercial applications. They are recognized for their cutting-edge engineering and manufacturing capabilities, which are vital to critical missile technology, submarines, naval ships, oil rigs, railcars, military and commercial jet aircraft, and many other applications. The acquisition would represent a significant strategic milestone for Mobix Labs as it expands its presence into new markets and strengthens its leadership in key industries.

  • EMI Interconnect Solutions announced filtered ARINC connectors, which are setting a new standard in price, performance and customization. Also, EMI announced significant new customers in the aerospace and defense sectors for custom-filtered next-generation high-performance connectors used in flight guidance and cockpit display systems.

  • Wireless Systems achieved strong revenue and increased margins during RaGE Systems’ first full quarter with Mobix. Continued production of present-generation radar imaging modules while also developing new generations of products to help our customers explore new product offerings. Also, expanded Multi-Spectral Imaging and Detection (“MSID”) programs by adding new capabilities to our customer-supported test facilities and demonstrated new capabilities and functionality for future programs.

  • Expanded relationship with UMASS Lowell in Massachusetts to include research on infrastructure degradation, safety for the rail industry and also SATCOM applications.

Financial Outlook

Net revenues are expected to fall within a range of $3.05 – $3.15 million in the fiscal first quarter of 2025.

Non-GAAP Financial Measures

In addition to reporting financial results in accordance with U.S. generally accepted accounting principles (GAAP), the Company uses certain non-GAAP measures of financial performance, including:

  • Adjusted Gross Profit, which is defined as GAAP Gross Profit excluding amortization of acquisition-related intangible assets, inventory write-offs and stock-based compensation expense; and,

  • Adjusted Loss from Operations, which is defined as GAAP Loss from Operations excluding depreciation, amortization of acquisition-related intangible assets, merger and acquisition-related expenses, inventory write-offs and stock-based compensation expense.

The Company’s management believes it is useful to consider these non-GAAP financial measures, together with the corresponding GAAP financial measures, as they provide more transparency into current business trends, exclusive of the effects of certain non-cash expenses, acquisition-related charges, and items that may not be present in comparative fiscal periods. Management believes that, when considered together with reported GAAP financial measures, these non-GAAP financial measures are useful to investors and management in understanding the Company’s ongoing operations and operating trends and in analyzing the Company’s underlying financial performance.

These non-GAAP financial measures are not intended to be considered in isolation from, as a substitute for, or superior to, the comparable GAAP measures. These non-GAAP financial measures may be different from similarly titled measures used by other companies. In the future, Mobix may consider whether other items should also be excluded in calculating the non-GAAP financial measures it uses. Management believes that the presentation of these non-GAAP financial measures provides investors with additional useful information to measure Mobix Labs’ financial and operating performance. In particular, these measures facilitate comparison of our operating performance between periods and may help investors to understand better our operating results. Internally, management uses these non-GAAP financial measures in assessing the Company’s operating results and in planning and forecasting. A reconciliation of these non-GAAP financial measures to the most comparable GAAP measure is contained in the financial tables to this press release.

Conference Call Information

Event:

 

Mobix Labs, Inc. Fourth Quarter 2024 Earnings Call

Date:

 

Thursday, December 19, 2024

Time:

 

2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time

Webcast:

 

investors.mobixlabs.com

Dial-in number:

 

https://register.vevent.com/register/BI37e4d59b857d4ae697e3f80cd43b40d1

Shortly after the completion of the conference call, an archived version of the webcast will be available on the Company’s investor relations website at investors.mobixlabs.com.

About Mobix Labs, Inc.

Mobix Labs designs, develops and sells components and systems for advanced wireless and wired connectivity, radio frequency (“RF”), switching and electromagnetic interference (“EMI”) filtering technologies. Our solutions are used in the consumer commercial, industrial, automotive, medical, aerospace, defense and other markets. To enhance our product portfolio, we also intend to pursue acquisitions of companies with existing revenue which can be scaled, and which possess technologies that accelerate the speed, accessibility, and efficiency of disruptive or more efficient communications solutions, and which will also allow us to expand into strategically aligned industries. Our wireless systems solutions include products for advanced RF and millimeter wave (“mmWave”) 5G communications, mmWave imaging, software defined radio and custom RF integrated circuits (“ICs”) targeting the commercial, industrial, and defense and aerospace sectors. Our interconnect products, including EMI filter inserts and filtered and non-filtered connectors, are designed for and are currently used in aerospace, military, defense and medical applications. Our True Xero active optical cables (“AOCs”) are designed to meet customer needs for high-quality active optical cable solutions at an affordable price. These innovative technologies are designed for large and rapidly growing markets where there is increasing demand for higher performance communication and filtering systems which utilize an expanding mix of both wireless and connectivity technologies.

Mobix Labs and the logo, are among the trademarks of Mobix Labs. Other trademarks are the property of their respective owners.

Forward-Looking Statements

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about (i) our expectations regarding customer demand and requests for proposals as well as our ability to expand our customer base and product offerings; (ii) our financial outlook, including expectations regarding revenue growth and adjusted loss from operations; (iii) our ability to secure additional financing and any strategic initiatives, specifically with respect to synergistic product acquisitions; (iv) our expectations regarding our intent to acquire Spacecraft and any other possible acquisitions and (v) the impact of any strategic partnerships on our business, are forward-looking statements. Although Mobix Labs believes that the expectations reflected in the forward-looking statements are reasonable, Mobix Labs cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. As a result of a number of known and unknown risks and uncertainties, the actual results or performance of Mobix Labs may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include our ability to enter into a definitive agreement to acquire Spacecraft, as well as our ability to meet the closing conditions to acquire Spacecraft; the inability to meet future capital requirements and risks related to Mobix Labs’ ability to raise additional capital; the risk that Mobix Labs is unable to successfully commercialize its products and solutions, or experience significant delays in doing so; the risk that Mobix Labs may not be able to generate income from operations in the foreseeable future; the risks concerning Mobix Labs’ ability to continue as a going concern; the inability to maintain the listing of Mobix Labs’ securities on Nasdaq; the risk that the price of Mobix Labs’ securities may be volatile due to a variety of factors, including changes in the highly competitive industries in which Mobix Labs operates, variations in performance across competitors, changes in laws, regulations, technologies, the global supply chain, and macro-economic and social environments affecting Mobix Labs’ business and changes in the combined capital structure; the risk that Mobix Labs experiences difficulties in managing its growth and expanding operations; the risk that Mobix Labs may not be able to consummate planned strategic acquisitions, or fully realize anticipated benefits from past or future acquisitions or investments; the risk that litigation may be commenced against Mobix Labs; the risk that Mobix Labs’ patent applications may not be approved or may take longer than expected, and Mobix Labs may incur substantial costs in enforcing and protecting its intellectual property; Mobix Labs’ reliance on a limited number of customers and retaining those customers; the impact of health epidemics, such as the COVID-19 pandemic, on Mobix Labs’ business and industry and the actions Mobix Labs may take in response thereto and to other geopolitical concerns; and in some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of our Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on August 14, 2024, and in any subsequent filings with the SEC. All information provided in this press release is as of the date of this press release, and Mobix Labs undertakes no duty to update such information, except as required under applicable law.

Mobix Labs, Inc.
Condensed Consolidated Statements of Operations and Comprehensive Loss
(unaudited, in thousands, except share and per share amounts)
 
Three months ended September 30, Year ended September 30,

2024

2023

2024

2023

 
Net revenue

$

2,954

 

$

433

 

$

6,442

 

$

1,224

 

Cost of revenue

 

1,282

 

 

432

 

 

3,890

 

 

1,620

 

Gross profit

 

1,672

 

 

1

 

 

2,552

 

 

(396

)

 
Research and development

 

1,451

 

 

1,835

 

 

5,779

 

 

11,044

 

Selling, general and administrative

 

10,104

 

 

2,906

 

 

41,835

 

 

24,104

 

Impairment of long-lived assets

 

1,333

 

 

 

 

1,333

 

 

 

Loss from operations

 

(11,216

)

 

(4,740

)

 

(46,395

)

 

(35,544

)

 
Interest expense

 

350

 

 

2,169

 

 

1,582

 

 

3,355

 

Change in fair value of earnout liability

 

(1,280

)

 

 

 

(31,879

)

 

 

Change in fair value of PIPE make-whole liability

 

(708

)

 

 

 

(830

)

 

 

Change in fair value of SAFEs

 

 

 

127

 

 

10

 

 

655

 

Merger-related transaction costs expensed

 

 

 

 

 

4,009

 

 

 

Private placement costs

 

2,894

 

 

 

 

2,894

 

 

 

Other non-operating losses, net

 

(1,307

)

 

 

 

282

 

 

 

Loss before income taxes

 

(11,165

)

 

(7,036

)

 

(22,463

)

 

(39,554

)

Provision (benefit) for income taxes

 

372

 

 

49

 

 

(2,429

)

 

67

 

Net loss and comprehensive loss

 

(11,537

)

 

(7,085

)

 

(20,034

)

 

(39,621

)

Deemed dividend

 

 

 

 

 

661

 

 

 

Net loss available to common stockholders

$

(11,537

)

$

(7,085

)

$

(20,695

)

$

(39,621

)

 
Net loss per common share:
Basic

$

(0.34

)

$

(0.42

)

$

(0.73

)

$

(2.71

)

Diluted

$

(0.35

)

$

(0.42

)

$

(0.75

)

$

(2.71

)

Weighted-average common shares outstanding:
Basic

 

34,258,869

 

 

16,705,331

 

 

28,419,593

 

 

14,612,600

 

Diluted

 

34,956,411

 

 

16,705,331

 

 

29,483,021

 

 

14,612,600

 

 
Mobix Labs, Inc.
Reconciliation of Non-GAAP Financial Measures
(unaudited, in thousands)
 
Three Months Ended Year Ended
September 30, September 30,

2024

2023

2024

2023

Computation of Adjusted Loss from Operations:
GAAP loss from operations

$

(11,216

)

$

(4,740

)

$

(46,395

)

$

(35,544

)

Depreciation

 

115

 

 

112

 

 

472

 

 

449

 

Amortization of acquisition related intangible assets

 

426

 

 

210

 

 

1,543

 

 

841

 

Merger & acquisition-related expenses

 

2,088

 

 

19

 

 

5,579

 

 

90

 

Inventory write-off

 

 

 

 

 

125

 

 

 

Stock-based compensation expense

 

3,615

 

 

1,089

 

 

21,383

 

 

15,476

 

Impairment of long-lived assets

 

1,333

 

 

 

 

1,333

 

 

 

Adjusted loss from operations

$

(3,639

)

$

(3,310

)

$

(15,960

)

$

(18,688

)

 
 
Three Months Ended Year Ended
September 30, September 30,

2024

2023

2024

2023

GAAP gross profit:
GAAP net revenue

$

2,954

 

$

433

 

$

6,442

 

$

1,224

 

GAAP cost of revenue

 

1,282

 

 

432

 

 

3,890

 

 

1,620

 

GAAP gross profit

$

1,672

 

$

1

 

$

2,552

 

$

(396

)

GAAP gross margin %

 

56.6

%

 

0.2

%

 

39.6

%

 

-32.4

%

 
Computation of Adjusted Gross Profit:
GAAP gross profit

$

1,672

 

$

1

 

$

2,552

 

$

(396

)

Amortization of acquisition-related intangible assets

 

11

 

 

67

 

 

219

 

 

271

 

Inventory write-off

 

 

 

 

 

125

 

 

 

Stock-based compensation expense

 

(12

)

 

(3

)

 

15

 

 

31

 

Adjusted Gross Profit

$

1,671

 

$

65

 

$

2,911

 

$

(94

)

Adjusted Gross Margin %

 

56.6

%

 

15.0

%

 

45.2

%

 

-7.7

%

 
Mobix Labs, Inc.
Condensed Consolidated Balance Sheets
(unaudited, in thousands, except share and per share amounts)

September 30,

2024

2023

ASSETS
Current assets
Cash

$

266

 

$

89

 

Accounts receivable, net

 

2,813

 

 

53

 

Inventory

 

1,725

 

 

319

 

Prepaid expenses and other current assets

 

467

 

 

369

 

Total current assets

 

5,271

 

 

830

 

 
Property and equipment, net

 

1,177

 

 

1,859

 

Intangible assets, net

 

15,211

 

 

5,287

 

Goodwill

 

16,066

 

 

5,217

 

Operating lease right-of-use assets

 

1,022

 

 

1,030

 

Deferred transaction costs

 

 

 

4,125

 

Other assets

 

341

 

 

400

 

Total assets

$

39,088

 

$

18,748

 

 
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK
AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities
Accounts payable

$

10,833

 

$

8,995

 

Accrued expenses and other current liabilities

 

10,325

 

 

4,519

 

Deferred purchase consideration

 

2,380

 

 

 

Notes payable

 

398

 

 

1,286

 

Notes payable – related parties

 

1,743

 

 

3,793

 

Simple agreements for future equity

 

 

 

1,512

 

Operating lease liabilities, current

 

428

 

 

318

 

Total current liabilities

 

26,107

 

 

20,423

 

 
Notes payable, noncurrent

 

200

 

 

 

Notes payable – related parties, noncurrent

 

1,082

 

 

 

Earnout liability

 

1,680

 

 

 

Deferred tax liability

 

320

 

 

86

 

Operating lease liabilities, noncurrent

 

1,024

 

 

1,280

 

Other noncurrent liabilities

 

3,145

 

 

 

Total liabilities

 

33,558

 

 

21,789

 

 
Redeemable convertible preferred stock

 

 

 

2,300

 

 
Stockholders’ equity (deficit)
Common stock, $0.00001 par value

 

 

 

 

Additional paid-in capital

 

109,987

 

 

78,421

 

Accumulated deficit

(104,457

)

(83,762

)

Total stockholders’ equity (deficit)

 

5,530

 

 

(5,341

)

Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit)

$

39,088

 

$

18,748

 

 

Investor Contact:

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Data Management Semiconductor Technology Mobile/Wireless Software 5G Hardware

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Frontdoor, Inc. Completes Acquisition of 2-10 Home Buyers Warranty and Pricing of Previously Announced $1.47 Billion Credit Facility

Frontdoor, Inc. Completes Acquisition of 2-10 Home Buyers Warranty and Pricing of Previously Announced $1.47 Billion Credit Facility

Increases Frontdoor’s customer base, revenue and earnings

Opens new sales channel for home warranties

Diversifies portfolio into an adjacent and growing category

MEMPHIS, Tenn.–(BUSINESS WIRE)–Frontdoor, Inc. (NASDAQ: FTDR), the nation’s leading provider of home warranties, today announced it has completed the acquisition of 2-10 Home Buyers Warranty following receipt of all regulatory approvals and satisfaction of all other closing conditions.

“Frontdoor, Inc. now owns a great brand and highly complementary business that aligns very well with our strategic growth priorities,” said Frontdoor, Inc. Chairman and CEO Bill Cobb. “2-10 immediately grows our customer base, revenue and earnings. 2-10’s New Home Structural Warranty also diversifies Frontdoor’s product portfolio and customer base, opening up cross-selling opportunities for our home warranties and on-demand services.”

Frontdoor purchased 2-10 Home Buyers Warranty in an all-cash transaction for $585 million, subject to certain customary adjustments based on, among other things, the amount of cash, debt, transaction expenses, working capital and regulatory capital in the business as of the closing.

In addition, the company announced that it has successfully priced its previously announced $1.47 billion credit facility, which is comprised of a $418 million Term Loan A, an $800 million Term Loan B, and a $250 million revolving credit facility.

Proceeds have been used to retire previous Term Loan A and Term Loan B debt with maturity dates of 2026 and 2028, respectively, as well as provide funding for the 2-10 Home Buyers Warranty acquisition. Remaining funds will be used for share repurchases and/or general corporate purposes.

Advisors

In connection with the 2-10 Home Buyers Warranty acquisition, BofA Securities, Inc. is acting as financial advisor and Simpson Thacher & Bartlett LLP is acting as legal counsel to Frontdoor, Inc., and Evercore is acting as financial advisor and Ropes & Gray is acting as legal counsel to 2-10 Home Buyers Warranty.

About Frontdoor, Inc.

Frontdoor is reimagining how homeowners maintain and repair their most valuable asset – their home. As the parent company of two leading brands, we bring over 50 years of experience in providing our members with comprehensive options to protect their homes from costly and unexpected breakdowns through our extensive network of pre-qualified professional contractors. American Home Shield, the category leader in home service plans with approximately two million members, gives homeowners budget protection and convenience, covering up to 23 essential home systems and appliances. Frontdoor is a cutting edge, one-stop app for home repair and maintenance. Enabled by our Streem technology, the app empowers homeowners by connecting them in real time through video chat with pre-qualified experts to diagnose and solve their problems. The Frontdoor app also offers homeowners a range of other benefits including DIY tips, discounts and more. For more information about American Home Shield and Frontdoor, please visit frontdoorhome.com.

About 2-10 HBW

For over 40 years, 2-10 Home Buyers Warranty has been helping people protect one of life’s biggest investments with new construction structural warranties and systems and appliances coverage for new and existing homes. Founded and based in Colorado, 2-10 Home Buyers Warranty has covered over 5.8 million homes and partners with thousands of the nation’s finest real estate professionals, home builders and service contractors to help home buyers, sellers and owners to mitigate risk, save money and have protection from the unexpected. For more information, visit www.2-10.com.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, in particular, projected future performance and any statements about Frontdoor’s plans, strategies and prospects as well as statements with respect to the proposed acquisition of 2-10 Home Buyers Warranty (the “Acquisition”), the Acquisition’s effect on our business and timing of such effects, and the expected timing of closing. Forward-looking statements can be identified by the use of forward-looking terms such as “believe,” “expect,” “estimate,” “could,” “should,” “intend,” “may,” “plan,” “seek,” “anticipate,” “project,” “will,” “shall,” “would,” “aim,” or other comparable terms. These forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. Such risks and uncertainties include, but are not limited to: risks related to the proposed Acquisition, including risks that the Acquisition may not achieve its intended results; changes in macroeconomic conditions, including inflation and global supply chain challenges, especially as they may affect existing home sales, interest rates, consumer confidence or labor availability; the success of our business strategies; the ability of our marketing efforts to be successful or cost-effective; our dependence on our real estate and direct-to-consumer customer acquisition channels and our renewal channel; changes in the source and intensity of competition in our market; our ability to attract, retain and maintain positive relations with third-party contractors and vendors; increases in parts, appliance and home system prices, and other operating costs; our ability to attract and retain qualified key employees and labor availability in our customer service operations; our dependence on third-party vendors, including business process outsourcers, and third-party component suppliers; cybersecurity breaches, disruptions or failures in our technology systems; our ability to protect the security of personal information about our customers; lawsuits, enforcement actions and other claims by third parties or governmental authorities; evolving corporate governance and disclosure regulations and expectations related to environmental, social and governance matters; physical effects of climate change, including adverse weather conditions and Acts of God, along with the increased focus on sustainability; increases in tariffs or changes to import/export regulations; our ability to protect our intellectual property and other material proprietary rights; negative reputational and financial impacts resulting from acquisitions or strategic transactions; requirement to recognize impairment charges; third-party use of our trademarks as search engine keywords to direct our potential customers to their own websites; inappropriate use of social media by us or other parties to harm our reputation; special risks applicable to operations outside the United States by us or our business process outsource providers; a return on investment in our common stock is dependent on appreciation in the price; restrictions in our certificate of incorporation related to an acquisition of us or to our lawsuits against us or our directors or officers; the effects of our significant indebtedness; increases in interest rates increasing the cost of servicing our indebtedness; increased borrowing costs due to lowering or withdrawal of the credit ratings, outlook or watch assigned to us, our debt securities or our credit facilities; and our ability to generate significant cash needed to fund our operations and service our debt. We caution you that forward-looking statements are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of new markets or market segments in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this news release. For a discussion of other important factors that could cause Frontdoor’s results to differ materially from those expressed in, or implied by, the forward-looking statements included in this document, refer to the risks and uncertainties detailed from time to time in Frontdoor’s periodic reports filed with the SEC, including the disclosure contained in Item 1A. Risk Factors in our 2023 Annual Report on Form 10-K filed with the SEC, as such factors may be updated from time to time in Frontdoor’s periodic filings with the SEC. Except as required by law, Frontdoor does not undertake any obligation to update or revise the forward-looking statements to reflect new information or events or circumstances that occur after the date of this news release or to reflect the occurrence of unanticipated events or otherwise. Readers are advised to review Frontdoor’s filings with the SEC, which are available from the SEC’s EDGAR database at sec.gov, and via Frontdoor’s website at frontdoorhome.com.

Investor Relations

Matt Davis

901-701-5199

[email protected]

Media

Tom Collins

901-701-5198

[email protected]

KEYWORDS: Tennessee United States North America

INDUSTRY KEYWORDS: Other Construction & Property Professional Services Residential Building & Real Estate Construction & Property Insurance

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Curbline Properties Declares $0.25 Per Share Cash Special Dividend

Curbline Properties Declares $0.25 Per Share Cash Special Dividend

NEW YORK–(BUSINESS WIRE)–
Curbline Properties Corp. (NYSE: CURB), an owner of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities, today declared a special cash dividend of $0.25 per share. The dividend is payable on January 16, 2025 to stockholders of record at the close of business on December 31, 2024.

About Curbline Properties

Curbline Properties is an owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities. The Company is publicly traded under the ticker symbol “CURB” on the NYSE and plans to elect to be treated as a REIT for U.S. federal income tax purposes. Additional information about Curbline is available at www.curbline.com. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here.

Safe Harbor

Curbline Properties considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company’s expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, the ability to execute our business strategy as an independent, publicly traded company. Other risks and uncertainties that could cause our results to differ materially from those indicated by such forward-looking statements include general economic conditions, including inflation and interest rate volatility; local conditions such as the supply of, and demand for, retail real estate space in our geographic markets; the consistency with future results of assumptions based on past performance; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a tenant and the impact of any such event on rental income and our properties; our ability to enter into agreements to buy and sell properties on commercially reasonable terms and to satisfy closing conditions applicable to such sales; our ability to secure equity or debt financing on commercially acceptable terms or at all; development and construction activities may not achieve a desired return on investment; impairment charges; property damage, expenses related thereto and other business and economic consequences (including the potential loss of rental revenues) resulting from extreme weather conditions or natural disasters in locations where we own properties, and the ability to estimate accurately the amounts thereof; sufficiency and timing of any insurance recovery payments related to damages from extreme weather conditions or natural disasters; any change in strategy; the impact of pandemics and other public health crises; unauthorized access, use, theft or destruction of financial, operations or third party data maintained in our information systems or by third parties on our behalf; and our ability to qualify as a REIT and to maintain REIT status once elected. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company’s Registration Statement on Form 10 and any subsequent reports that we file with the Securities and Exchange Commission. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Conor Fennerty,

EVP and Chief Financial Officer

(216) 755-6200

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Retail Home Goods Commercial Building & Real Estate Restaurant/Bar Luxury Construction & Property Convenience Store Department Stores Jewelry Supermarket Specialty REIT Food/Beverage Fashion

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FiscalNote Announces Update to Board of Directors

FiscalNote Announces Update to Board of Directors

WASHINGTON–(BUSINESS WIRE)–FiscalNote Holdings, Inc. (NYSE: NOTE) (“FiscalNote”), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, today announced that Conrad Yiu, a member of its Board of Directors and a member of its Corporate Governance Committee and M&A Committee, will retire from the Board effective December 31, 2024, in-line with the fiscal year end and shortly prior to the scheduled end of his three-year term in May 2025.

Yiu is Co-founder and Partner of AS1 Growth Partners (“AS1”), a private multi-family investment office based in Sydney, Australia. AS1 invested in FiscalNote in 2020 when, prior to its public listing, FiscalNote was actively expanding its investor base in Australia. Yiu then joined the Board in October 2020, shortly following AS1’s investment. As FiscalNote’s strategic focus has changed since that time, Yiu has decided to retire early to focus on his Australia-based business interests, family and professional commitments.

“I want to thank Tim and my fellow Board members for the opportunity to serve the Company over the past four years. I remain an active, long-term investor and supporter of FiscalNote’s mission and management,” said Yiu. “Given the changes since my firm first invested, now is simply the right time for me to concentrate on my other professional commitments based in and focused on Australia, as well as to make more time for personal and family commitments. While I am retiring from the Board early, I strongly believe the Company has the right strategy and the right leadership to take it to its next phase of growth, and I have great confidence in its ability to deliver results and value for both its customers and its shareholders.”

“Throughout the past four years and at pivotal times for our Company, Conrad has been a deeply respected and admired partner on our Board, whose views and guidance were especially valuable during our transition to a publicly traded company,” said Tim Hwang, Chairman, CEO, and Co-founder, FiscalNote. “On behalf of the entire Board of Directors, I’d like to thank Conrad for his service and contributions, and wish him all the best in his future endeavors.”

Following Yiu’s retirement, the composition of FiscalNote’s Board of Directors will be reduced to nine members – reflecting the streamlined structure of the Company following its divestitures of Board.org and Aicel Technologies in 2024.

For more information about the Company’s Board of Directors and its members, please visit here.

About FiscalNote

FiscalNote(NYSE: NOTE) is a leader in policy and global intelligence. By uniquely combining data, technology, and insights, FiscalNote empowers customers to manage political and business risk. Since 2013, FiscalNote has pioneered technology that delivers critical insights and the tools to turn them into action. Home to CQ, Dragonfly, Oxford Analytica, VoterVoice, and many other industry-leading brands, FiscalNote serves thousands of customers worldwide with global offices in North America, Europe, Asia, and Australia. To learn more about FiscalNote and its family of brands, visit FiscalNote.com and follow @FiscalNote.

Media

Nicholas Graham

FiscalNote

[email protected]

Investor Relations

Bob Burrows

FiscalNote

[email protected]

KEYWORDS: District of Columbia United States North America

INDUSTRY KEYWORDS: Technology Other Technology Public Policy/Government Software White House/Federal Government State/Local Public Policy Data Management Artificial Intelligence

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