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Horizon Space Acquisition II Corp. Clarifies Redemption Process for Business Combination Shareholder Meeting and Extension Shareholder Meeting

New York, NY, Feb. 03, 2026 (GLOBE NEWSWIRE) — Horizon Space Acquisition II Corp. (the “Company” or “HSPT”) (NASDAQ: HSPT) today clarified the redemption process for (i) the extraordinary general meeting for its proposed business combination (the “Business Combination”) with SL BIO Ltd. (“SL Bio”), which will be held on February 12, 2026 (the “Business Combination Meeting”), and (ii) the extraordinary general meeting for its proposed amendments to HSPT’s current amended and restated memorandum and articles of association, and the Investment Management Trust Agreement (collectively, the “Extension Proposals”), to extend the deadline to complete its initial business combination, which will be held on February 13, 2026 (the “Extension Meeting”).

Clarification of Redemption Process in Connection with the Business Combination Meeting and the Extension Meeting

For HSPT’s public shareholders,  if you previously elected to redeem your public shares in connection with the Business Combination Meeting and you want to ensure such public shares are redeemed in the event that either the Business Combination is consummated or the Extension Proposals are implemented, you must (or must direct your bank, broker or other nominee to) instruct HSPT’s transfer agent to redeem such public shares in connection with the Extension Proposals no later than 5:00 p.m. Eastern Time on February 11, 2026, the deadline to make redemption election for the Extension Meeting.

However, there is no assurance that HSPT will hold the Extension Meeting and implement the Extension Proposals. If HSPT does not hold the Extension Meeting and does not implement the Extension Proposals, any public shares originally submitted for redemption in connection with the Business Combination Meeting and also instructed to be redeemed in connection the Extension Meeting will be automatically subject to redemption in connection with the consummation of the Business Combination, unless you withdraw such redemption request. However, if you only elect to redeem your public shares in connection with the Extension Meeting (and you did not previously submit such public shares for redemption in connection with the Business Combination Meeting), your public shares will not be redeemed if HSPT does not hold the Extension Meeting and does not implement the Extension Proposals.

No Change to Other Meeting Information

There is no change to the meeting time, the redemption deadline, the location, the record date, the purpose or any of the proposals to be acted upon at the Business Combination Meeting. The meeting time of the Business Combination Meeting remains at 9:00 a.m. Eastern Time, February 12, 2026, and the redemption deadline in connection with the Business Combination Meeting remains at 5:00 p.m. Eastern Time, February 10, 2026. The physical location of the Business Combination Meeting remains at the offices of Robinson & Cole LLP, 666 Third Avenue, 20th Floor, New York, NY 10017, and virtually via teleconference using the dial-in information: +1 813-308-9980 (Access Code: 173547). The record date for determining the Company’s shareholders entitled to receive notice of and to vote at the Business Combination Meeting remains the close of business on December 29, 2025 (the “Record Date”). Shareholders as of the Record Date can vote, even if they have subsequently sold their shares. Shareholders who have previously submitted their proxies or otherwise voted and who do not want to change their vote need not take any action. Shareholders who have not yet done so are encouraged to vote as soon as possible.

If you have questions regarding the certification of your position or delivery of your shares, please contact:

VStock Transfer, LLC
18 Lafayette Place, Woodmere,
New York 11598
Email: [email protected]
Attn: Action Team

The Company’s shareholders who have questions regarding the Business Combination Meeting, or would like to request documents may contact the Company’s proxy solicitor, Advantage Proxy, Inc., at (877) 870-8565, or banks and brokers can call (206) 870-8565, or by email at [email protected].

Forward-Looking Statements

This press release includes forward looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts and may be accompanied by words that convey projected future events or outcomes, such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “design,” “intend,” “expect,” “could,” “plan,” “potential,” “predict,” “seek,” “target,” “aim,” “plan,” “project,” “forecast,” “should,” “would,” or variations of such words or by expressions of similar meaning. Such forward-looking statements, including statements regarding the advantages and expected growth of the combined company, the cash position of the combined company following the closing, the ability of HSPT and SL BIO to consummate the proposed Business Combination as contemplated in the definitive proxy statement (as amended and supplemented, the “Definitive Proxy Statement”) filed with the Securities and Exchange Commission (the “SEC”) on January 13, 2026, and the timing of such consummation, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described in the section entitled “Risk Factors” in HSPT’s Annual Report on Form 10-K filed with the SEC on March 27, 2025 (the “Form 10-K”), HSPT’s final prospectus dated November 14, 2024 filed with the SEC (the “Final Prospectus”) related to its initial public offering, the Definitive Proxy Statement dated January 13, 2026 filed with the SEC and the amendments and supplements thereto in connection with the Business Combination, and in other documents filed by HSPT with the SEC from time to time. Important factors that could cause the combined company’s actual results or outcomes to differ materially from those discussed in the forward-looking statements include: SL Bio’s or the combined company’s limited operating history; the ability of SL Bio or the combined company to identify and integrate acquisitions; general economic and market conditions impacting demand for the products of SL Bio or the combined company; the inability to complete the proposed Business Combination; the inability to recognize the anticipated benefits of the proposed Business Combination, which may be affected by, among other things, the amount of cash available following any redemptions by HSPT’s shareholders; the ability to meet stock exchange’s listing standards following the consummation of the proposed Business Combination; costs related to the proposed Business Combination; and such other risks and uncertainties as are discussed in the Form 10-K, the Final Prospectus and Definitive Proxy Statement and the amendments and supplements thereto. Other factors include the possibility that the proposed Business Combination do not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions.

SL Bio, PubCo (as defined below) and HSPT each expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations of SL Bio, PubCo or HSPT with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

Additional Information about the Transaction and Where to Find It

In connection with the proposed Business Combination, SL Science Holding Limited, a Cayman Islands exempted company limited by shares (“PubCo”) has filed with the SEC the registration statement on Form F-4 (the “Registration Statement”), which includes the Definitive Proxy Statement containing information about the proposed Business Combination. The Registration Statement was declared effective on January 13, 2026, and the Definitive Proxy Statement is first being mailed to HSPT’s shareholders as of the Record Date established for voting on the proposed Business Combination on or about January 13, 2026.

In connection with the proposed Extension Proposals, HSPT has filed with the SEC the definitive proxy statement dated February 3, 2026 (the “Extension Proxy Statement”), and the Extension Proxy Statement is first being mailed to HSPT’s shareholders as of the Record Date established for voting on the proposed Extension Proposals on or about February 3, 2026.

INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE REGISTRATION STATEMENT, DEFINITIVE PROXY STATEMENT, THE EXTENSION PROXY STATEMENT, AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS COMBINATION AND THE PARTIES TO THE BUSINESS COMBINATION. Investors and security holders will be able to obtain copies of these documents (if and when available) and other documents filed with the SEC free of charge at www.sec.gov. Shareholders of HSPT will also be able to obtain copies of the Definitive Proxy Statement without charge, at the SEC’s website at www.sec.gov.

Participants in the Solicitation

PubCo, SL Bio, HSPT and their respective directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies from HSPT’s shareholders with respect to the proposed Business Combination. Information regarding HSPT’s directors and executive officers is available in HSPT’s filings with the SEC. Additional information regarding the persons who may, under the rules of the SEC, be deemed to be participants in the proxy solicitation relating to the proposed Business Combination and a description of their direct and indirect interests, by security holdings or otherwise are contained in the Definitive Proxy Statement.

No Offer or Solicitation

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.

About Horizon Space Acquisition II Corp.

Horizon Space Acquisition II Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.

Contact Information:

Michael Li
Chief Executive Officer
Horizon Space Acquisition II Corp.
(646)257-5537
[email protected]



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K. Hovnanian Middle East, Saudi Arabia Tourism Development Fund, and Emaar, The Economic City Sign MoU to Deliver Tourism Investment and Lifestyle Residential Projects in KAEC

RIYADH, Saudi Arabia, Feb. 03, 2026 (GLOBE NEWSWIRE) — K. Hovnanian M.E. Investments, LLC (KHME), a subsidiary of Hovnanian Enterprises, Inc. (NYSE: HOV) and the majority shareholder of Al Tahaluf Real Estate Company, CJSC, has signed a Memorandum of Understanding (MoU) with the Tourism Development Fund (TDF) and Emaar, The Economic City (EEC) to enable high-quality tourism investment and lifestyle-focused residential opportunities in King Abdullah Economic City (KAEC). The parties signed the agreement during the Future Real Estate Forum 2026 in Riyadh.

The MoU establishes a strategic framework for collaboration to advance globally competitive tourism, hospitality, and branded residential developments. It brings together KHME’s international experience in mixed-use, residential, and hospitality destinations, TDF’s mandate to accelerate tourism investment, and EEC’s vision for KAEC as a world-class coastal city.

The partnership will initially focus on a landmark development directly located on the Red Sea beaches and the Marina Canal within KAEC. Envisioned as a signature coastal destination, the project will feature a collection of branded private residences, two planned five-star hotels, and a central beach club, wellness and spa center serving as the hub of the community. This hub will bring together residents, tourists, and visitors through lifestyle amenities, leisure programming, and hospitality-driven experiences. The site represents one of the most iconic waterfront locations in KAEC and is positioned to become one of the most sought-after lifestyle and investment destinations in the Kingdom.

Under the MoU, the parties will collaborate to identify and promote additional tourism investment opportunities, support the development and management of tourism and lifestyle real estate assets, enable partnerships with investors and operators under flexible development and operating models, and make investment-ready sites available to accelerate project delivery.

Commenting on the signing, Qusai Al-Fakhri, Chief Executive Officer of the Tourism Development Fund, said: “This MoU reflects the Fund’s commitment to its role as a national enabler of the tourism sector, through aligning public- and private-sector efforts and building strategic partnerships that support the development of high-quality tourism projects and enhance the participation of local and international private-sector stakeholders in developing coastal destinations and all-inclusive beach resorts across Saudi Arabia.” He added: “As part of the tourism enablement of King Abdullah Economic City, the Fund contributes to enhancing its readiness to attract high-quality investments and global hospitality brands.”

Robert Hofmann, Chief Executive Officer of Al Tahaluf Real Estate, said: “This MoU marks an important step in advancing tourism investment and lifestyle residential developments in King Abdullah Economic City. This project on the Red Sea beaches and Marina Canal further strengthens our growing portfolio of lifestyle communities in KAEC. In addition to this new development, we anticipate launching Soleya at the Red Sea in early 2026, a collection of 340 private residences located between the Red Sea and the Royal Greens Golf Course. Together, these projects will create a true destination, and reinforcing KAEC’s position as a premier destination for global investors and residents alike.”

Commenting on the agreement, Abdulaziz Alnowaiser, Chief Executive Officer of Emaar, The Economic City, said: “The MoU between King Abdullah Economic City and the Tourism Development Fund, in collaboration with the U.S.-based company K. Hovnanian, reflects our strong commitment to supporting the growth of the tourism and hospitality sectors, which offer significant potential. These partnerships build on the city’s accelerated development momentum and its growing stature as an integrated coastal destination, with the aim of unlocking new investment opportunities across the city’s various sectors. Undoubtedly, flagship projects play a vital role in strengthening the city’s tourism offering, attracting visitors from global markets, reinforcing investor confidence, and supporting the long-term sustainability of tourism in line with national priorities and the city’s strategic objectives.”

This strategic collaboration advances EEC’s ambition to attract foreign direct investment and enable greater private sector participation. With its blend of world-class infrastructure, lifestyle-driven planning, and proximity to Jeddah and the western coast, KAEC continues to strengthen its position as a premier coastal lifestyle destination.

About K. Hovnanian Middle East

K. Hovnanian M.E. Investments, LLC is a subsidiary of Hovnanian Enterprises, Inc. (NYSE: HOV), one of the largest homebuilding and real estate development companies in the United States. As the majority shareholder of Al Tahaluf Real Estate Company, CJSC, the company brings international expertise in large-scale mixed-use, residential, hospitality, and lifestyle developments, supporting the creation of sustainable, world-class destinations across the region.

About the Tourism Development Fund (TDF)

The Tourism Development Fund (TDF) is Saudi Arabia’s national enabler of the tourism sector, going beyond financing to drive high impact investments and enhance the competitiveness of the Saudi’s tourism destinations. TDF enables entrepreneurs and tourism businesses with tailored financial solutions and non-financial support programs while attracting local and international investors to develop landmark tourism projects. With a vision to create a dynamic and attractive investment environment, TDF fosters strategic partnerships, supports economic diversification, enriches visitor experiences, and strengthens Saudi Arabia’s position as a leading global tourism destination. Committed to advancing the goals of Saudi Vision 2030 and the National Tourism Strategy, TDF remains a trusted partner, working closely with investors and key stakeholders across the sector.

About Emaar, The Economic City (EEC)

Emaar, The Economic City (EEC) is the master developer of King Abdullah Economic City (KAEC), one of the largest and most ambitious mixed-use developments in the Kingdom of Saudi Arabia. With a strategic location on the Red Sea coast and direct connectivity to Jeddah, the Holy Cities, and major transportation networks, EEC is positioning KAEC as a leading coastal lifestyle and investment destination. Through partnerships with local and international developers and operators, EEC continues to advance high-quality developments that support tourism growth, attract foreign direct investment, and contribute to the long-term economic diversification of the Kingdom.

Media Contacts:

Robert Hofmann

Chief Executive Officer
Al Tahaluf Real Estate Company, CJSC (Al Tahaluf)
Saudi: +966 543 853 901
USA: +1 732 904 4876

Tyler Lewis

Director of Investment
Al Tahaluf Real Estate Company, CJSC (Al Tahaluf)
Saudi: +966 55 287 4982
USA: +1 713 248 2624



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NASCAR Champion Jesse Love Steps Onto the Super Bowl Stage With Samsara

NASCAR Champion Jesse Love Steps Onto the Super Bowl Stage With Samsara

Super Bowl commercial and 2026 partnership with Richard Childress Racing put coaching at the center of elite performance

SAN FRANCISCO–(BUSINESS WIRE)–
The Super Bowl is about big moments. Samsara is about making big moments happen.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260203049823/en/

Samsara Inc. (“Samsara”) (NYSE: IOT), the pioneer of the Connected Operations® Platform, today announced it will debut a Super Bowl LX commercial featuring Jesse Love, the defending 2025 NASCAR O’Reilly Auto Parts Series Champion. It centers on a simple idea: elite performance is a team sport.

The commercial, which will air February 8, 2026, is built on the premise that “even champions need a coach,” linking the racetrack to real-world performance that is shaped by constant preparation, feedback, and fine-tuning.

Alongside the Super Bowl campaign, Samsara announced it will continue its partnership with Richard Childress Racing and Jesse Love for the third straight year. The company is a multi-race primary sponsor of the No. 2 Chevrolet for the 2026 NASCAR O’Reilly Auto Parts Series season, beginning with the February 21, 2026, race at EchoPark Speedway in Georgia.

“My first Super Bowl commercial is a big milestone, but I love that this focuses on the grind, not just the finish line,” Love said. “In racing, you don’t just show up and win—you’re constantly looking at data and getting coached to find an edge. It’s the same for the people in the real world who deliver our goods and services. We all want to be our best every time we’re behind the wheel, and Samsara shows what it takes to get there.”

Love, the youngest champion in NASCAR history, represents the next generation of competitors shaped by a tech-forward approach to performance where data, real-time feedback, and coaching are part of everyday execution. That same approach underpins the Samsara platform, which is designed to help organizations prepare for high-stakes moments by improving performance long before those moments occur.

To bring the commercial’s message to life, Samsara is offering fans the chance to win a VIP race day experience for two at Talladega, featuring exclusive access and a personal meet-and-greet with Love. Through the “Road to Talladega Contest,” eligible U.S. residents can earn entries by testing their knowledge about the road.*

The campaign sets the stage for additional Samsara announcements surrounding the game, underscoring how modern coaching and real-time feedback are reshaping performance on the road and beyond.

“Jesse is a powerful representative for Samsara in that he operates in an environment where feedback can’t be delayed and decisions can’t wait,” said Meagen Eisenberg, Chief Marketing Officer at Samsara. “That’s the same reality our customers face every day, and it’s exactly why we’re building technology that delivers coaching and context in real time, not after the fact.”

Follow campaign updates at RoadtoTalladega.com.

About Samsara

Samsara (NYSE: IOT) is the pioneer of the Connected Operations® Platform, which is an open platform that connects the people, devices, and systems of some of the world’s most complex operations, allowing them to develop actionable insights and improve their operations. With tens of thousands of customers across North America and Europe, Samsara is a proud technology partner to the people who keep our global economy running, including the world’s leading organizations across industries in transportation, construction, wholesale and retail trade, field services, logistics, manufacturing, utilities and energy, government, healthcare and education, food and beverage, and others. The company’s mission is to increase the safety, efficiency, and sustainability of the operations that power the global economy.

Samsara is a registered trademark of Samsara Inc. All other brand names, product names, or trademarks belong to their respective holders.

*Terms and Conditions apply; visit the contest page for details.

[email protected]

KEYWORDS: California United States North America Canada

INDUSTRY KEYWORDS: Motor Sports Sports Data Management Licensing (Sports) Technology IOT (Internet of Things) Marketing Advertising Football Communications Software

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Elastic Delivers GPU Infrastructure to Self-Managed Elasticsearch Customers via Cloud Connect

Elastic Delivers GPU Infrastructure to Self-Managed Elasticsearch Customers via Cloud Connect

Self-managed clusters can access GPU-powered inference without moving data or managing hardware

SAN FRANCISCO–(BUSINESS WIRE)–
Elastic (NYSE: ESTC), the Search AI Company, announced the availability of Elastic Inference Service (EIS) via Cloud Connect for self-managed Elasticsearch deployments. Organizations can now gain on-demand access to cloud-hosted inference capabilities without managing GPU infrastructure, all while maintaining their core infrastructure and data on-premises. Users also gain immediate access to models by Jina.ai, an Elastic company and a leader in open-source multilingual and multimodal embeddings, rerankers, and small language models.

Modern semantic search relies on vector embeddings for high-quality results. Now available in Elasticsearch 9.3, EIS on Cloud Connect allows self-managed customers to seamlessly leverage GPU-based embedding and reranking models, including leading Jina models, without the operational overhead of managing infrastructure. This enables teams to implement powerful semantic search capabilities quickly and efficiently. Self-managed clusters can keep their existing architecture and data in place while securely offloading embedding generation and search inference to Elastic Cloud’s managed GPU fleet.

“With Elastic Inference Service via Cloud Connect, we’re making it easier for self-managed customers to adopt semantic search without taking on the complexity of GPU infrastructure,” said Steve Kearns, general manager, Search at Elastic. “With a single setup, self-managed customers can access a range of cloud services from automated diagnostics to fast AI inference, all while keeping their data on-premises.”

Availability

EIS via Cloud Connect is available immediately for Elastic Enterprise self-managed customers on Elastic Stack 9.3. To start a trial, create an Elastic Cloud account here.

Additional Resources

About Elastic

Elastic (NYSE: ESTC), the Search AI Company, integrates its deep expertise in search technology with artificial intelligence to help everyone transform all of their data into answers, actions, and outcomes. Elastic’s Search AI Platform — the foundation for its search, observability, and security solutions — is used by thousands of companies, including more than 50% of the Fortune 500. Learn more at elastic.co.

Elastic and associated marks are trademarks or registered trademarks of elasticsearch BV and its subsidiaries. All other company and product names may be trademarks of their respective owners.

Media Contact

Elastic PR

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Professional Services Security Data Analytics Technology Software Electronic Commerce Artificial Intelligence

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Marcus & Millichap’s IPA Capital Markets Arranges $52 Million Financing for Luxury Glendale Multifamily Property

Marcus & Millichap’s IPA Capital Markets Arranges $52 Million Financing for Luxury Glendale Multifamily Property

GLENDALE, Calif.–(BUSINESS WIRE)–IPA Capital Markets, a division of Marcus & Millichap (NYSE:MMI) specializing in capital markets services for major private and institutional clients,announced the $52 million financing of Arista Glendale, a 98-unit luxury multifamily property located at 520 North Central Avenue in Glendale, California.

Stefen Chraghchian, IPA Capital Markets senior director, stated: “Arista is a best‑in‑class community located in the heart of Downtown Glendale. This refinance provides our client with a flexible structure that supports both the property’s performance and their business needs.”

Chraghchian, located in the firm’s Encino office, secured the financing with Dwight Capital. The loan is non-recourse and features a five-year, interest-only term at 67.5% loan-to-value.

The property features a mix of two- and three-bedroom units with a full amenity package including in-unit laundry, a 24/7 fitness center, resort-style swimming pool with a spa and private cabanas, a lounge, outdoor firepit, barbecue area, billiards gaming area, and parking.

About IPA Capital Markets

IPA Capital Markets is a division of Marcus & Millichap (NYSE: MMI). IPA Capital Markets provides major private and institutional clients with commercial real estate capital markets financing solutions, including debt, mezzanine financing, preferred and joint venture equity, and sponsor equity. For more information, please visit institutionalpropertyadvisors.com/capital-markets

About Institutional Property Advisors (IPA)

Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offers customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com

About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 7,836 transactions with a sales volume of approximately $49.6 billion in 2024. The company had 1,712 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end. For additional information, please visit www.MarcusMillichap.com.

Gina Relva, VP of Public Relations

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Residential Building & Real Estate Commercial Building & Real Estate Construction & Property REIT

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ISG to Study Microsoft AI, Cloud Ecosystem Partners

ISG to Study Microsoft AI, Cloud Ecosystem Partners

Upcoming ISG Provider Lens® reports will evaluate providers helping enterprises advance from cloud migration to unified intelligence

STAMFORD, Conn.–(BUSINESS WIRE)–
Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm, has launched a research study examining service providers helping enterprises redesign business processes using Microsoft’s AI-embedded platforms.

The study results will be published in a series of comprehensive ISG Provider Lens® reports, called Microsoft AI and Cloud Ecosystem, scheduled to be released in July 2026. The reports will cover companies offering Microsoft productivity and business process services, Azure-based data transformation and AI services, Azure managed services and Azure-focused professional services.

Enterprise buyers will be able to use information from the reports to evaluate their current vendor relationships, potential new engagements and available offerings, while ISG advisors use the information to recommend providers to the firm’s buy-side clients.

Microsoft is increasingly integrating productivity tools, analytics, collaboration platforms and AI-driven innovation to address enterprise needs through a unified intelligence layer. This integration is reflected in the growing use of Copilot-powered features, AI agents and agentic workflows that help companies automate routine tasks, improve collaboration and increase cross-application productivity. At the same time, enterprises are moving toward large-scale data transformation, autonomous operations and AI-enabled decision-making, supported by platforms such as Microsoft Fabric, Azure OpenAI and Dynamics 365.

“Enterprises around the world are seeking Microsoft partners that can address key AI-related challenges such as cultural shifts, trust, large-scale adoption and return on investment,” said Heiko Henkes, principal analyst at ISG. “They are focused on becoming human-led, agent-operated organizations to enhance productivity and support broader business objectives.”

ISG has distributed surveys to more than 320 Microsoft ecosystem providers. Working in collaboration with ISG’s global advisors, the research team will produce four quadrants representing the Microsoft platform services the typical enterprise is buying, based on ISG’s experience working with its clients. The four quadrants are:

  • Microsoft Productivity and Business Process Services, evaluating providers that deliver consulting, implementation, integration and managed services across Microsoft 365, Dynamics 365 and Power Platform. These providers are assessed on their ability to modernize the digital workplace and implement automated business processes.
  • Azure Data Transformation and AI Services,assessing providers specializing in enterprise data and AI ecosystems. These providers help clients advance from unified data platforms to unified intelligence platforms, using Microsoft offerings such as CoreAI, Azure OpenAI Services and Azure ML to deliver governed, scalable and responsible AI solutions.
  • Azure Managed Services, covering providers offering managed public cloud services that extend Azure’s native infrastructure as a service (IaaS) and platform as a service (PaaS) capabilities. Providers are assessed on their ability to integrate proprietary operational platforms for monitoring and remediation with Azure’s native tools.
  • Azure Professional Services, evaluating U.S.-focused providers offering consulting and migration services to guide businesses through their Azure transformation. Providers should align technical strategies with long-term business objectives while adhering to evolving U.S. compliance standards.

Geographically focused reports from the study will cover the global Microsoft AI and cloud ecosystem market and examine products and services available in Asia Pacific, Brazil, Germany, Switzerland and the U.S. ISG analysts Siddharth Idnani (Asia Pacific), Cristiane Tarricone (Brazil), Axel Oppermann (Germany and Switzerland), Dr. Tapati Bandopadhyay (U.S.) and Sameen Mohammed Siddique (U.S.) will serve as authors of the reports.

A list of identified providers and vendors and further details on the study are available in this digital brochure. Companies not listed as Microsoft AI and cloud ecosystem providers can contact ISG and ask to be included in the study.

All 2026 ISG Provider Lens® evaluations feature expanded customer experience (CX) data that measures actual enterprise experience with specific provider services and solutions, based on ISG’s continuous CX research.

About ISG Provider Lens® Research

The ISG Provider Lens® Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG’s global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG’s enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.

About ISG

ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world’s top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments.

Press Contacts:

Laura Hupprich, ISG

+1 203-517-3100

[email protected]

Julianna Sheridan, Matter Communications for ISG

+1 978-518-4520

[email protected]

KEYWORDS: United States North America Connecticut

INDUSTRY KEYWORDS: Consulting Data Management Technology Professional Services Business Apps/Applications Data Analytics Software Artificial Intelligence Internet Electronic Design Automation

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Elastic Adds High-Precision Multilingual Reranking to Elastic Inference Service with Jina Models

Elastic Adds High-Precision Multilingual Reranking to Elastic Inference Service with Jina Models

Two new Jina reranker models deliver low-latency, production-ready relevance for hybrid search and RAG workloads

SAN FRANCISCO–(BUSINESS WIRE)–
Elastic (NYSE: ESTC), the Search AI Company, today made two Jina Rerankers available on Elastic Inference Service (EIS), a GPU-accelerated inference-as-a-service that makes it easy to run fast, high-quality inference without complex setup or hosting. These rerankers bring low-latency, high-precision multilingual reranking to the Elastic ecosystem.

As generative AI prototypes move into production-ready search and RAG systems, users run into relevance and inference latency limits, particularly for multilingual use cases. Rerankers improve search quality by reordering results based on semantic relevance, helping surface the most accurate matches for a query. They improve relevance across aggregated, multi-query results, without reindexing or pipeline changes. This makes them especially valuable for hybrid search, RAG, and context-engineering workflows where better context boosts downstream accuracy.

By delivering GPU-accelerated Jina rerankers as a managed service, Elastic enables teams to improve search and RAG accuracy without managing model infrastructure.

“Search relevance is foundational to AI-driven experiences,” said Steve Kearns, general manager, Search at Elastic. “By bringing these Jina reranker models to Elastic Inference Service, we are enabling teams to deliver fast and accurate multilingual search, RAG, and agentic AI experiences, available out of the box with minimal setup.”

The two new Jina reranker models are optimized for different production needs:

Jina Reranker v2 (jina-reranker-v2-base-multilingual)

Built for scalable, agentic workflows.

  • Low-latency inference at scale: Low-latency inference with strong multilingual performance that can outperform larger rerankers.
  • Support for agentic use cases: Ability to select relevant SQL tables and external functions that best match user queries, enabling more advanced agent-driven workflows.
  • Unbounded candidate support: Scores documents independently to handle arbitrarily large candidate sets. These scores remain consistent across batches, so developers can rerank results incrementally without relying on strict top-k limits.

Jina Reranker v3 (jina-reranker-v3)

Optimized for high-precision shortlist reranking.

  • Lightweight, production-friendly architecture: Optimized for low-latency inference and efficient deployment in production settings.
  • Strong multilingual performance:Benchmarks show that v3 delivers state-of-the-art multilingual performance, outperforming much larger alternatives, and maintains stable top-k rankings under permutation.
  • Cost-efficient, cross-document reranking: v3 reranks up to 64 documents together in a single inference call, reasoning across the full candidate set to improve ordering when results are similar or overlapping. By batching candidates instead of scoring them individually, v3 significantly reduces inference usage, making it a strong fit for RAG and agentic workflows with defined top-k results.

These models extend Elastic’s growing catalogue of ready-to-use models available on EIS, which includes the open source multilingual and multimodal embeddings, rerankers, and small language models built by Jina and acquired by Elastic last year. EIS has an expanding catalogue of ready-to-use models on managed GPUs, with additional models expected to be added over time.

Availability

All Elastic Cloud trials have access to the Elastic Inference Service. Try it now on Elastic Cloud Serverless and Elastic Cloud Hosted.

Additional Resources

About Elastic

Elastic (NYSE: ESTC), the Search AI Company, integrates its deep expertise in search technology with artificial intelligence to help everyone transform all of their data into answers, actions, and outcomes. Elastic’s Search AI Platform — the foundation for its search, observability, and security solutions — is used by thousands of companies, including more than 50% of the Fortune 500. Learn more at elastic.co.

Elastic and associated marks are trademarks or registered trademarks of elasticsearch BV and its subsidiaries. All other company and product names may be trademarks of their respective owners.

Media Contact

Elastic PR

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Technology Security Communications Software Networks Internet Search Engine Optimization Data Management Artificial Intelligence

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Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Richtech Robotics Inc. (RR)

NEW YORK, Feb. 03, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Nevada on behalf of all persons or entities who purchased or otherwise acquired Richtech Robotics Inc. (“Richtech” or the “Company”) (NASDAQ: RR) securities between January 27, 2026 and 12:00 PM EST on January 29, 2026, inclusive (the “Class Period”).

The Complaint alleges that Defendants misled investors: (i) the Company claimed that it had a collaborative and commercial relationship with Microsoft when it did not; and (ii) as a result, Defendants’ statements about the Company’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.

The Complaint further states that on January 29, 2026, at 12:00 PM EST, Hunterbrook Media (“Hunterbrook”) published an article entitled “Breaking: Microsoft Denies Partnership with Richtech Robotics” (the “Hunterbrook Article”). The Complaint also alleges that Hunterbrook Article stated initially that after “Richtech […] stock added more than $370 million in market cap on the announcement of a “collaboration” Tuesday, the company announced a dilutive fundraise the next morning. Microsoft tells [Hunterbrook] the engagement was a “standard” customer program with “no commercial element.” Further, “[t]his comes after Richtech missed its 10-K deadline, hampering its ability to raise money through at-the-market offerings.”

On this news, the Company stock fell $1.06 per share, or 20.87%, to close at $4.02 on January 29, 2026. The following day, the Company stock fell a further $0.44 per share, or 10.9%, to close at $3.58 on January 30, 2026.

Investors who purchased or otherwise acquired shares of Richtech should contact the Firm prior to the April 3, 2026 lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at [email protected] or [email protected].

Please visit our website at http://www.gme-law.com for more information about the firm.



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BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Northfield Bancorp Inc. (Nasdaq – NFBK), Coterra Energy Inc. (NYSE – CTRA), Exact Sciences Corporation (Nasdaq – EXAS), Semrush Holdings, Inc. (NYSE – SEMR)

BALA CYNWYD, Pa., Feb. 03, 2026 (GLOBE NEWSWIRE) — Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ([email protected]) or Marc Ackerman ([email protected]) at 855-576-4847. There is no cost or financial obligation to you.

Northfield Bancorp Inc. (Nasdaq – NFBK)

Under the terms of the Merger Agreement, Northfield Bancorp will be acquired by Columbia Financial, Inc. (“Columbia”) (Nasdaq – CLBK) in a stock and cash deal valued at approximately $597 million. The investigation concerns whether the Northfield Bancorp Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.

Additional information can be found at https://www.brodskysmith.com/cases/northfield-bancorp-inc-nasdaq-nfbk/.

Coterra Energy Inc. (NYSE – CTRA)

Coterra Energy will be acquired by Devon Energy (“Devon”) (NYSE – DVN). Under the terms of the agreement, Coterra Energy shareholders will receive a fixed exchange ratio of 0.70 share of Devon common stock for each share of Coterra Energy common stock. Based on Devon’s closing price on January 30, 2026, the transaction implies a combined enterprise value of approximately $58 billion. The investigation concerns whether the Coterra Energy Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.

Additional information can be found at https://www.brodskysmith.com/cases/coterra-energy-inc-nyse-ctra/.

Exact Sciences Corporation (Nasdaq – EXAS)

Under the terms of the Merger Agreement, Exact Sciences will be acquired by Abbott (NYSE – ABT) for $105.00 per common share in cash, representing a total equity value of approximately $21 billion. The investigation concerns whether the Exact Sciences Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.

Additional information can be found at https://www.brodskysmith.com/cases/exact-sciences-corporation-nasdaq-exas/.

Semrush Holdings, Inc. (NYSE – SEMR)

Under the terms of the Merger Agreement, Semrush will be acquired by Adobe (Nasdaq -ADBE) for $12.00 per share, representing a total equity value of approximately $1.9 billion. The investigation concerns whether the Semrush Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders. For example, the deal consideration is below the 52-week high of $18.74 for the Company’s shares.

Additional information can be found at https://www.brodskysmith.com/cases/semrush-holdings-inc-nyse-semr/.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.



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IPX1031 Strengthens Mountain Region with Addition of Exchange Expert Ted Breitenstein

Exchange Expert Ted Breitenstein Joins IPX1031

DENVER, Feb. 03, 2026 (GLOBE NEWSWIRE) — Investment Property Exchange Services, Inc. (IPX1031), the national leader in 1031 Qualified Intermediary services, is pleased to announce the addition of Ted Breitenstein as Vice President of Business Development.

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A Media Snippet accompanying this announcement is available by clicking on this link.

Breitenstein will be teaming with Tracey Wilson to serve clients throughout Colorado and Wyoming – and nationwide, further strengthening IPX1031’s depth and coverage across the Mountain Region. He steps into the role following the retirement of Danita Vigil, who recently concluded an extraordinary 42-year career with IPX1031 and the FNF family of companies.

Breitenstein brings more than a decade of experience in commercial real estate and real estate investment consulting, providing a strong foundation for the structuring and execution of 1031 Exchanges. He consults with a wide range of clients, from single-property investors to large institutional ownership groups, guiding exchange transactions in alignment with their long-term investment goals.

In addition to working with his clients, Breitenstein is an active industry educator. He regularly conducts 1031 Exchange seminars and continuing education classes throughout the Denver metropolitan area and beyond, reinforcing IPX1031’s commitment to education and market leadership.

Jennifer Keen, Executive Vice President and Western Region Manager at IPX1031, commented on the addition, “We are excited to welcome Ted to the IPX1031Mountain Region team. His experience, consultative approach, and commitment to client success make him an excellent complement to Tracey Wilson and a strong successor to the foundation that Danita Vigil built over her decades of service. Ted’s addition enhances our ability to meet growing demand while continuing the high level of service our clients expect.”

Together, Breitenstein and Wilson will leverage their combined expertise to deliver comprehensive 1031 Exchange guidance and solutions to the IPX1031 Mountain Region and beyond.

Ted Breitenstein can be reached at (303) 242-6572, via email at [email protected] or on his webpage at www.ipx1031.com/teamCW.

About IPX1031

Investment Property Exchange Services, Inc. (IPX1031) is the largest and one of the oldest Qualified Intermediaries in the United States. As a wholly owned subsidiary of Fidelity National Financial (NYSE:FNF), a Fortune 500 company, IPX1031 provides industry leading security for exchange funds as well as extensive expertise and experience in facilitating all types of 1031 Exchanges. IPX1031’s nationwide team of industry experts, veteran attorneys and accountants is available to provide answers and guidance to clients and their legal and tax advisors. For more information about IPX1031 visit www.ipx1031.com.

For more information, contact: 
Jennifer Keen, EVP, Western Regional Manager
[email protected]
(760) 672-5368