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Lyft Expands in London with Gett UK Acquisition

Lyft Expands in London with Gett UK Acquisition

Key takeaways:

  • Lyft has agreed to acquire Gett’s United Kingdom business with close expected in the coming weeks, subject to customary closing conditions.

  • Gett is one of London’s leading black cab apps with strong enterprise business-to-business (B2B) relationships, and brings together the majority of Greater London’s registered black cab drivers and will nearly double the number of rides on the Lyft platform in London.

  • With Gett, Lyft is expanding its coverage of London’s full ground transport ecosystem.

  • This advances Lyft’s sustainable global growth strategy, while expanding “out” in more locations and “up” into more high-value segments.

SAN FRANCISCO–(BUSINESS WIRE)–
Lyft (Nasdaq: LYFT) has agreed to acquire Gett’s UK business, subject to customary closing conditions, with close expected in the coming weeks. Gett is a leading London black cab app, and combined will have the majority of registered black cab drivers across Greater London on the Lyft platform. With the addition of Gett, Lyft is positioned as the leading app for London black cabs and will offer a comprehensive suite of ground transport options — from black cabs and private hire to bikes and executive chauffeur — that will nearly double the number of rides on the platform across the capital.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260423667907/en/

Lyft acquires Gett UK; expands rider offerings in London

Lyft acquires Gett UK; expands rider offerings in London

Lyft already owns Freenow; currently provides and was recently renewed to provide the bikes and stations for Santander Cycles, including the software that powers them; and later this year will be testing autonomous rides in London with Baidu — making it one of the only platforms in the world offering both human-driven and autonomous rides in the city. This acquisition advances Lyft’s sustainable global growth strategy by expanding “out” in more locations and “up” into more high-value segments.

Gett’s strength is its enterprise DNA — years of high-value B2B relationships with clients ranging from London’s largest corporations to historic venues and major public sector organizations. Together, that makes Lyft one of London’s most comprehensive mobility platforms, in Europe’s largest taxi and ride-hail market.

“With Gett, Lyft is expanding its coverage of London’s full ground transport ecosystem,” said Jeremy Bird, EVP of Global Growth at Lyft. “This milestone reflects Lyft’s commitment to the London market and our belief in its long-term potential. Adding Gett to Lyft’s ecosystem positions Lyft as the leading app for London black cabs.”

“Those who drive black cabs are some of the world’s most qualified drivers. Drivers pass the world’s toughest taxi exam, learning 25,000 streets and 20,000 landmarks before being licensed,” said Thomas Zimmermann, CEO of Freenow by Lyft. “We are excited to welcome Gett into the Lyft ecosystem, strengthening our customer-centric black cab and private hire service for Londoners, passengers across the UK, and travelers worldwide.”

Gett brings not just drivers and riders, but a proven enterprise business — and its team will transfer to Freenow by Lyft once the acquisition is complete.

“We are delighted to start a new chapter for Gett operations in the UK with Lyft,” said Matteo de Renzi, CEO of Gett. “I’m confident that under this new ownership, the team at Gett by Lyft will continue to reach new heights, for the benefit of all our customers, drivers, and partners.”

Lyft will release Q1 2026 financial results after the close of the market on Thursday, May 7, 2026. On the same day, Lyft will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results and business highlights. The acquisition will not impact Q1 2026 results and will have an immaterial impact to Q2 2026.

About Lyft

Whether it’s an everyday commute or a journey that changes everything, Lyft is driven by our purpose: to serve and connect. Founded in 2012, Lyft has grown into a global mobility platform offering a mix of rideshare, taxis, private hire vehicles, executive chauffeur services, car sharing, bikes, and scooters across six continents and thousands of cities. Millions of drivers have chosen to earn on billions of rides – helping to create a more connected world, with transportation options for everyone.

About Freenow by Lyft

Freenow by Lyft is the European taxi app featuring broad multi-mobility options for everyone across 9 European markets and over 180 cities. Millions of passengers can access various mobility services within a single app, including taxis, private hire vehicles, carsharing, car rental, e-scooters, e-bikes, e-mopeds, and public transport. With headquarters in Hamburg, Germany, Freenow is led by CEO Thomas Zimmermann.

About Gett

Gett is London’s black taxi app, already trusted by hundreds of thousands of UK users. With three-quarters of TfL registered black cab drivers on the Gett network, you can rely on a pick-up in less than 4 minutes from Central London, plus smoother and quicker journeys thanks to their expert ‘Knowledge.’ Over 50% of the black cabs registered with Gett are zero-emission capable.

Forward-Looking Statements

Certain statements contained in this announcement are “forward-looking statements” about Lyft within the meaning of the securities laws, including statements about Lyft’s planned acquisition of Gett, the expected benefits of the transaction, and plans and expectations for the combined company. Such statements, which are not of historical fact, involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements. Such factors are detailed in Lyft’s filings with the Securities and Exchange Commission. Lyft does not undertake an obligation to update its forward-looking statements to reflect future events, except as required by applicable law.

Erin Rheaume, Investors: [email protected]

Donny Nordlicht, Media: [email protected]

KEYWORDS: California North America United States United Kingdom Europe Canada

INDUSTRY KEYWORDS: Software Vehicle Technology Apps/Applications Public Transport General Automotive Transportation Technology Automotive Travel Other Transport Transport Other Automotive

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Lyft acquires Gett UK; expands rider offerings in London
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Virtuix to Host Virtual Investor Webinar on Friday, May 8, 2026 at 11:00 a.m. Eastern Time

AUSTIN, Texas, April 23, 2026 (GLOBE NEWSWIRE) — Virtuix Inc. (NASDAQ: VTIX), a leading developer of full-body virtual reality systems, today announced that it will hold a virtual investor webinar on Friday, May 8, 2026, at 11:00 a.m. Eastern Time.

Virtuix Chief Executive Officer Jan Goetgeluk will give an overview of the company’s business and growth strategy, and discuss the company’s recent commercial successes and developments, including its accelerating traction in the defense industry. Mr. Goetgeluk will be joined by Mr. David Allan, Virtuix’s President and Chief Operating Officer, and Ms. Lauren Premo, Virtuix’s Chief Marketing Officer. A question-and-answer session will follow.

The virtual investor webinar will be accompanied by a presentation, which can be viewed during the webcast or accessed following the call via the investor relations section of the Company’s website here.

To attend the webinar or watch the replay afterwards, please use the following information:

Date: Friday, May 8, 2026
Time: 11:00 a.m. Eastern time (8:00 a.m. Pacific time)
Registration: https://app.livestorm.co/virtuix/virtuix-investor-webinar-may2026


The replay can be viewed through the webinar link that you’ll receive after registration.

Investors who would like to submit their questions in advance can do so by sending them to [email protected].

About Virtuix

Virtuix Inc. (NASDAQ: VTIX) is a leading manufacturer of full-body virtual reality systems for consumer, enterprise, and defense markets. The company’s premier portfolio of “Omni” omni-directional treadmills enables players to walk and run in 360 degrees inside video games and other virtual reality applications. With a commitment to innovation, Virtuix continues to push the boundaries of XR and AI, delivering immersive experiences to users worldwide. For more information, visit virtuix.com.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

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Company Contact

Lauren Premo
Virtuix Inc.
[email protected]

Investor Relations Contact

Chris Tyson
MZ Group
Direct: 949-491-8235
[email protected]



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NYSE: MMA Reports Record Q1 BJJLink Activity As Student Check-ins Surpass 1.42 million Since Inception

Highlights

  • 216,176 BJJ student check-ins in Q1 2026, up 105% year-on-year
  • Check-ins grew 6.3x since Q1 2023 (~84% CAGR), reaching 216,176 in Q1 2026
  • Over 1.42 million cumulative student check-ins since inception
  • Training activity is being converted into high-value behavioural data across the platform
  • Check-in data supports retention, gamification, rewards and monetization

New York, NY, April 23, 2026 (GLOBE NEWSWIRE) —
Mixed Martial Arts Group Limited (NYSE American: MMA) (“MMA” or the “Company” and doing business as MMA.INC), a technology driven ecosystem at the forefront of the global combat sports industry today reported record student training activity across its BJJLink platform, with 216,176 BJJ student check-ins recorded in Q1 2026, up 105% from 105,580 in Q1 2025.

BJJLink student check-ins have increased sharply over the past three years, rising from 34,578 in Q1 2023 to 69,392 in Q1 2024, 105,580 in Q1 2025 and 216,176 in Q1 2026. This represents 6.3x growth over the period and an implied compound annual growth rate of approximately 84%. In aggregate, BJJLink has now captured more than 1.4 million verified check-ins since inception, underscoring the rapid accumulation of real world participation data across the MMA.INC platform.

This acceleration reflects more than platform growth. It demonstrates MMA.INC’s increasing ability to digitize real world participation across a historically analogue training environment.

Each check-in represents a verified unit of training activity. Captured at scale, this data gives MMA.INC a powerful behavioural intelligence layer across its global academy network, enabling the Company to measure training frequency, retention patterns and user progression, while supporting more effective engagement strategies and improved customer lifetime value outcomes.

Importantly, this check-in data also creates a direct foundation for monetization. As participation data becomes richer and more structured, MMA.INC is better positioned to deploy features and commercial models that increase training frequency, improve retention and drive incremental monetization across software subscriptions, embedded payments, commerce, promotions and partner-led initiatives.

The Company’s previously announced loyalty and rewards framework is fundamentally dependent on capturing and verifying real world participation at scale. The rapid growth in BJJLink check-ins represents the growth of this data layer, providing a measurable and auditable record of user activity that can underpin rewards, incentives and participation-linked monetization across the ecosystem.

Within this framework, check-ins function as the core behavioural input supporting gamification features such as streaks, rankings and achievement systems, while also enabling the future introduction of participation-based rewards, including “train-to-earn” style mechanics over time.

Nick Langton, Founder and CEO of MMA.INC, said:

“What this data shows is that we are capturing real participation at meaningful scale across the ecosystem. Every check-in is a verified signal of engagement, and that creates real strategic value. It allows us to better understand retention and behaviour, strengthen how we engage users, and build the data foundation required to support the loyalty and rewards initiatives we have previously outlined. Over time, that gives us a much stronger ability to connect participation directly with monetization.”

By digitising participation across its global academy network, MMA.INC is positioning itself to convert passive fans into active participants, deepen engagement at the gym level and build a more valuable, data-driven ecosystem spanning participation, payments, loyalty and rewards.

As BJJLink adoption continues to expand, the Company expects continued growth in both recorded activity and engagement intensity, further strengthening the data infrastructure underpinning its broader ecosystem strategy.

About Mixed Martial Arts Group Limited

With over 5 million social media followers, 530,000 user profiles, 75,000+ active students, 18,000 published gyms and 800 verified gyms across 22 countries across its various assets, MMA.INC continues to transform the martial arts landscape and deliver unparalleled value to its stakeholders:

  • A Global Platform: Operating across 22 countries, MMA.INC connects local gyms with global communities and customers in a single, connected network of value.
  • Get Paid to Train: Engaging in training, streaming, coaching or simply supporting any activity, will earn Experience Points (XP), which is transparently logged on chain and can be redeemed for real rewards.
  • One Unified Ecosystem: With existing platform assets including BJJLink, TrainAlta, Hype and MixedMartialArts.com, MMA.INC provides a complete platform that covers training, community, content and fandom like no other.

For more information, visit www.mma.inc 

Disclaimer

As we continue to develop our plans discussed above, they could change and there can be no assurance as to any final outcome.

The information provided in this press release is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. This press release does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions.

Forward-Looking Statements

This press release contains forward-looking statements. Any statements contained herein regarding our strategy, platform development, future operations, financial position, future revenues, projected costs, prospects, plans and objectives of management, other than statements of historical facts, are forward-looking statements. The forward-looking statements included herein include or may include, but are not limited to, statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases, or expressions such as “achieve,” “forecast,” “plan,” “propose,” “strategy,” “envision,” “hope,” “will,” “continue,” “potential,” “expect,” “believe,” “anticipate,” “project,” “estimate,” “predict,” “intend,” “should,” “could,” “may,” “might,” or similar words, terms, phrases, or expressions or the negative of any of these terms. Any statements contained in this press release that are not based upon historical fact are based on current expectations, estimates, projections, opinions and/or beliefs of the Company. Such statements are not facts and involve known and unknown risks, uncertainties, and other factors. Prospective investors should not rely on these statements as if they were facts. Actual revenue may vary to current sales due to factors such as participant churn, cancellations, and changes in payment schedules, membership terms or pricing changes. Any references to verified gyms, partner gyms, user profiles refer to a database profile that has been claimed or created across the MMA.INC platform, which includes TrainAlta.com, BJJ Link, Hype, MixedMartialArts.com and Steppen. Forward-looking statements involve a number of known and unknown risks and uncertainties, including, but not limited to, those discussed in the “Risk Factors” section of the Form 20-F for the fiscal year ended June 30, 2025 filed with the SEC. Given the risks and uncertainties, readers should not place undue reliance on any forward-looking statement and should recognize that the statements are predictions of future results which may not occur as anticipated. New risk factors emerge from time to time, and it is not possible for management to predict all such risk factors, nor can it assess the impact of all such factors on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. You should carefully read the factors described in the “Risk Factors” section of the Form 20-F for the fiscal year ended June 30, 2025 filed with the SEC to better understand the risks and uncertainties inherent in our business and industry, and any underlying forward-looking statements. Except where required by law, the Company assumes no obligation to update, withdraw or revise any forward-looking statements to reflect actual results or changes in factors or assumptions affecting such forward-looking statements.

Media Contacts

Mixed Martial Arts Group Limited
E: [email protected]



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Neogen’s Listeria Right Now™ Test Receives AOAC® Performance Tested Methods℠ Certification

Neogen’s Listeria Right Now™ Test Receives AOAC® Performance Tested Methods℠ Certification

LANSING, Mich.–(BUSINESS WIRE)–
Neogen® Corporation (NASDAQ: NEOG), an innovative leader in food safety solutions, today announced that its Molecular Detection Assay – Listeria Right Now™ rapid environmental monitoring test has received AOAC®Performance Tested Methods℠ (PTM) certification (No. 042604), validating the test’s performance for the enrichment-free detection of viable and non-viable Listeria species on stainless steel surfaces. The technology allows technicians to perform the assay without first enriching the sample by growing the bacteria in culture media. Combined with the ease-of-use and speed advantages associated with Neogen’s Molecular Detection System ™, this makes Neogen’s test one of the fastest molecular tests available for Listeria species testing.

The AOAC PTM program is an internationally recognized third-party validation that confirms a method performs as claimed and meets rigorous performance standards. Certification of Listeria Right Now demonstrates Neogen’s commitment to delivering scientifically validated, regulator-recognized solutions that support food safety programs worldwide.

Listeria Right Now is designed to deliver clear, actionable results from samples, without an enrichment step, in about two hours. This allows food manufacturers to quickly identify potential contamination risks and strengthen environmental monitoring workflows. The test integrates seamlessly into existing food safety programs and supports proactive decision-making across a wide range of food production environments.

“Rapid and reliable detection of Listeria is critical for effective environmental monitoring programs,” said Dr. Jeremy Yarwood, Chief Scientific Officer at Neogen. “AOAC PTM certification of Listeria Right Now provides customers with added confidence that the test delivers dependable performance when and where it matters most, helping them take timely action to protect their facilities, brands, and reputation.”

Neogen offers one of the industry’s most comprehensive portfolios of environmental monitoring and pathogen detection solutions, backed by global validation, regulatory acceptance, and decades of scientific expertise. The addition of AOAC PTM certification for Listeria Right Now further strengthens Neogen’s position as a trusted partner to food producers around the world. To learn more about the Neogen® Molecular Detection Assay – Listeria Right Now™ visit info.neogen.com/listeriarightnow.

About Neogen

Neogen Corporation is committed to fueling a brighter future for global food security through the advancement of human and animal well-being. Harnessing the power of science and technology, Neogen has developed comprehensive solutions spanning the Food Safety, Livestock, and Pet Health & Wellness markets. A world leader in these fields, Neogen has a presence in over 140 countries with a dedicated network of scientists and technical experts focused on delivering optimized products and technology for its customers.

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to the test’s ability to allow food manufacturers to quickly identify potential contamination risks and strengthen environmental monitoring workflows, the test’s ability to seamlessly integrate into existing food safety programs and support proactive decision-making across a wide range of food production environments, the future positioning of Neogen’s test one of the fastest molecular tests available for Listeria testing, and the addition of AOAC PTM certification for Listeria Right Now strengthening Neogen’s position as a trusted partner to food producers around the world.

These “forward-looking statements” are management’s present expectations of future events as of the date hereof and are subject to a number of known and unknown risks and uncertainties that could cause actual results, conditions, and events to differ materially and adversely from those anticipated.

These risks include, but are not limited to risks relating to the integration of the 3M Food Safety business, risks related to potential tax benefits realized through the 3M transaction, risks related to tariffs and other trade measures, risks related to our international operations and expansion into new geographic markets, risks related to identified material weaknesses in our internal control over financial reporting, risks related to promoting internal growth and identifying and integrating acquisitions, risks related to failure of our systems infrastructure and security breaches of our information systems, risks related to disruption in our manufacturing and service operations, risks related to disruption of third-party package delivery services or pricing increases, risks related to dependence on key suppliers, risks related to the use of distributors for product sales, risks related to the development of new products and technologies, risks related to our ability to maintain a positive reputation, risks related to customer loss, risks related to increased raw material costs, risks related to anti-bribery, trade control, trade sanctions, and anti-corruption laws, risks related to changes in domestic and foreign laws and regulations, risks related to tax audits and changes in tax laws in different jurisdictions, risks related to deterioration in profitability, cash flow, and asset impairments, risks related to competition, risks related to agricultural marketplace, risks related to our substantial indebtedness, risks related to the outcomes of litigation and other legal proceedings, risks related to our ability to obtain and protect intellectual property, risks related to patent infringement challenges, risks related to governmental regulation, risks related to our ability to attract and retain key personnel, risks related to product or service liability claims, risks related to changing political conditions, risks related to climate change, risks related to our inability to meet stakeholder expectations around environmental, social, and governance objectives, risks related to tax legislation, and other factors discussed under the heading “Risk Factors” contained in Item 1A of the company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (SEC) on July 30, 2025, as well as any updates to those risk factors filed from time to time in the company’s Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Neogen is not under any obligation, and it expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise except as required by law.

Media Contact:

Lauren White

[email protected]

KEYWORDS: Michigan United States North America

INDUSTRY KEYWORDS: Agriculture Natural Resources Environment Other Manufacturing Food/Beverage Green Technology Manufacturing Retail

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DBGI Announces 18-Month Partnership with Social Media Sensation Katie Feeney and Her 14+ Million Followers

DBGI Announces 18-Month Partnership with Social Media Sensation Katie Feeney and Her 14+ Million Followers

AUSTIN, Texas–(BUSINESS WIRE)–DBGI Corp. (NASDAQ:DBGI),a publicly traded company specializing in eCommerce and Fashion, today announced as part of its commitment to driving growth and innovation across digital and social platforms, AVO has signed Katie Feeney—a sports and lifestyle content creator with more than 14 million social media followers— to create content across AVO social and digital channels.

Katie Feeney is committed to supporting student athletes, especially female student athletes. She will leverage her 14+ million social media followers to raise awareness and NIL proceeds for all the student athletes and universities that AVO works with.

Katie’s involvement will kick off at the Penn State Blue -White weekend April 24th to 26th. AVO and Katie felt it was important to launch this important partnership at the university she attended and started her career.

AVO has raised over $17,000,000 in NIL in less than a year, and AVO believes that with Katie involved that number will easily double over the next twelve months.

Katie’s involvement with AVO will run deeper than just an ambassador, as Katie will also be a creative and strategic partner, raising awareness and funds for Thon (a Penn State event that raised over $18 million last year) and engaging with student athletes to share their stories and promote their success.

“I couldn’t be more excited about partnering with AVO. I love the clothes and everything they stand for! Bringing affordability and quality to students, all while donating a percentage of proceeds to the university’s female athlete NIL fund. I can’t think of a better fit!” said Katie.

“As we stated in October of 2025, we are committed to our strategic initiative to aggressively expand AVO’s presence in the Name, Image, and Likeness (“NIL”) college apparel sector, a segment currently part of the global licensed sports merchandise market, which was estimated at $36.4 billion in 2024, according to Grand View Research,” said Hil Davis, CEO of Digital Brands Group.

Davis continued, “We have created tremendous momentum in less than 12 months with both the universities and the $17M+ raised for student athletes. We believe that this partnership with Katie and her involvement with student athletes will create an awareness and reach that will be unmatched by most brands in the collegiate world.”

About Digital Brands Group

We offer a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. We have created a business model derived from our founding as a digitally native-first vertical brand. We focus on owning the customer’s “closet share” by leveraging their data and purchase history to create personalized targeted content and looks for that specific customer cohort.

Forward-looking Statements

Certain statements included in this release are “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting DBG and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as “will,” “anticipate,” “estimate,” “expect,” “should,” and “may” and other words and terms of similar meaning or use of future dates, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding DBG’s plans, objectives, projections and expectations relating to DBG’s operations or financial performance, and assumptions related thereto are forward-looking statements. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. DBG undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of DBG to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: risks arising from the widespread outbreak of an illness or any other communicable disease, or any other public health crisis, including the coronavirus (COVID-19) global pandemic; the level of consumer demand for apparel and accessories; disruption to DBGs distribution system; the financial strength of DBG’s customers; fluctuations in the price, availability and quality of raw materials and contracted products; disruption and volatility in the global capital and credit markets; DBG’s response to changing fashion trends, evolving consumer preferences and changing patterns of consumer behavior; intense competition from online retailers; manufacturing and product innovation; increasing pressure on margins; DBG’s ability to implement its business strategy; DBG’s ability to grow its wholesale and direct-to-consumer businesses; retail industry changes and challenges; DBG’s and its vendors’ ability to maintain the strength and security of information technology systems; the risk that DBG’s facilities and systems and those of our third-party service providers may be vulnerable to and unable to anticipate or detect data security breaches and data or financial loss; DBG’s ability to properly collect, use, manage and secure consumer and employee data; stability of DBG’s manufacturing facilities and foreign suppliers; continued use by DBG’s suppliers of ethical business practices; DBG’s ability to accurately forecast demand for products; continuity of members of DBG’s management; DBG’s ability to protect trademarks and other intellectual property rights; possible goodwill and other asset impairment; DBG’s ability to execute and integrate acquisitions; changes in tax laws and liabilities; legal, regulatory, political and economic risks; adverse or unexpected weather conditions; DBG’s indebtedness and its ability to obtain financing on favorable terms, if needed, could prevent DBG from fulfilling its financial obligations; and climate change and increased focus on sustainability issues. More information on potential factors that could affect DBG’s financial results is included from time to time in DBG’s public reports filed with the SEC, including DBG’s Annual Report on Form 10-K, and Quarterly Reports on Form 10-Q, and Forms 8-K filed or furnished with the SEC.

Digital Brands Group, Inc. Company Contact

Hil Davis, CEO

Email: [email protected]

https://ir.digitalbrandsgroup.co

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: General Sports Sports Marketing Communications Social Media University Social Activism Education Influencer

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International companies to host live webcasts at Deutsche Bank’s Depositary Receipts Virtual Investor Conference on April 28, 2026

NEW YORK, April 23, 2026 (GLOBE NEWSWIRE) — Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference (“dbVIC”) on Tuesday, April 28, 2026 featuring live webcast presentations from international companies with American Depositary Receipt (ADR) programs in the United States.

Representatives from participating companies based in Australia, China, Hong Kong, Portugal, Netherlands, Cayman Islands and France, will respond to questions during formal presentations. The conference is targeted to all categories of investors and analysts interested in international companies.

There is no fee for participants to log in, attend live presentations and/or ask questions.

Pre-registration is suggested. Please register here: www.adr.db.com/dbvic

Conference Agenda April 28, 2026 (US Eastern Standard Time):

  • 8:00 AM: Lotus Technology Inc. (Nasdaq: LOT) 
  • 8:30 AM: Viomi Technology Co., Ltd (NASDAQ: VIOT)
  • 9:00 AM: Belite Bio, Inc  (NASDAQ: BLTE)
  • 9:30 AM: First Pacific Company Ltd (HKEX: 142, OTC: FPAFY)
  • 10:00 AM: HUTCHMED (China) Limited (AIM: HCM, NASDAQ: HCM, and HKEX:13)
  • 10:30 AM: HEINEKEN (OTCQX: HEINY | Euronext Amsterdam: HEIA) 
  • 11:00 AM: Yiren Digital Ltd. (NYSE: YRD)
  • 11:30 AM: Carrefour (Euronext Paris: CA, OTC: CRRFY) 
  • 12:00 PM: Radiopharm Theranostics (Nasdaq: RADX | ASX: RAD) 
  • 12:30 PM: WeRide (NASDAQ: WRD, HKEX: 0800)

The presentations will be available for replay after the conference.

In addition to specializing in administering cross-border equity structures such as American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. The Bank offers a broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

For further information, please contact:
Dylan Riddle
Deutsche Bank AG
Press & Media Relations
Tel. +12122504982
Cell. +1(904)3866481
Email [email protected]

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

Deutsche Bank is sponsoring the Deutsche Bank Depositary Receipt Investor Conference solely for informational purposes. Deutsche Bank does not prepare, review, approve or edit any presentations, statements, documents or other information or materials, whether in written, electronic or verbal form, provided by any company participating in such conference, and disclaims any responsibility for the accuracy or adequacy of any such information or materials. Deutsche Bank is not promoting, endorsing or recommending any company participating in the conference.

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the “Act”) on Form F-6. The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant as to or guarantee the accuracy or completeness of the details contained herein and does not undertake an obligation to update or amend this information. Deutsche Bank, its subsidiaries and/or affiliates disclaims any and all liability to fullest extent permitted by law, whether arising in tort, contract or otherwise, which any of them might otherwise have in respect of the above information. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities in the United States, nor does it constitute an offer or solicitation to any person in any other jurisdiction. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© April 2026 Deutsche Bank AG. All rights reserved.



Posted on

Viomi Technology Co., Ltd to Present at the dbVIC – Deutsche Bank ADR Virtual Investor Conference April 28th

Company invites individual and institutional investors, as well as advisors and analysts, to attend online at VirtualInvestorConferences.com

GUANGZHOU, China, April 23, 2026 (GLOBE NEWSWIRE) — Viomi Technology Co., Ltd (NASDAQ: VIOT) based in Guangzhou, and focused on home water solutions, today announced that Mr.Sam Yang, Head of the Company’s Capital and Strategy Department, and Ms. Claire Ji, the Company’s IR contact, will present at the dbVIC – Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on April 28th, 2026. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors.

DATE: Tuesday, April 28th
TIME: 8:30 AM EDT


REGISTER HERE

This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

Participation is free of charge.

Recent Company Highlights

  • Over the past year, Viomi’s ‘Global Water’ strategy has continued to gain momentum. New products have been successively launched in multiple countries and regions overseas, steadily enhancing the brand’s influence. Despite the disruptive impact of the national subsidy policy on the domestic market, the Company’s core business remained solid. Net revenue for 2025 increased by 14.6% year over year, and net income attributable to ordinary shareholders of the Company stood at RMB141.6 million, with a net profit margin of 5.8%.


About Viomi Technology

Viomi’s mission is “AI for Better water,” utilizing AI technology to provide better drinking water solutions for households worldwide.

As an industry-leading technology company in home water systems, Viomi has developed a distinctive “Equipment + Consumables” business model. By leveraging its expertise in AI technology, intelligent hardware and software development, the Company simplifies filter replacement and enhances water quality monitoring, thereby increasing the filter replacement rate. Its continuous technological innovations extend filter lifespan and lower user costs, promoting the adoption of water purifiers and supporting a healthy lifestyle while effectively addressing the rising global demand for cleaner, fresher and healthier drinking water. The Company operates a world-leading “Water Purifier Gigafactory” with an integrated industrial chain that boasts optimal efficiency and facilitates continuous breakthroughs in water purification. This state-of-the-art facility enables Viomi to achieve economies of scale and accelerate the global popularization of residential water filtration.

For more information, please visit: http://ir.viomi.com.

About Virtual Investor Conferences®

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access.  Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

CONTACTS:

Viomi Technology Co., Ltd
Claire Ji
IR contact
E-mail: [email protected]

Virtual Investor Conferences

Greg Young
Investor Access
OTC Markets Group
T (212) 652-5958 M (917) 847-6541
[email protected]



Posted on

Reborn Coffee Provides Full Year 2025 Corporate Update and Financial Results

Full Year 2025 Revenue Grew 37% to $8.1 Million, Driven by the Launch of Reborn Logistics and New License Revenue Streams

Appointed Jung Jae Lim as Co-Chief Executive Officer and Regained Nasdaq Listing Compliance Subsequent to Year-End

BREA, Calif., April 23, 2026 (GLOBE NEWSWIRE) — Reborn Coffee Inc. (Nasdaq: REBN), a leader in the specialty coffee market, has reported its financial and operational results for the full year ended December 31, 2025.

Key Financial and Operational Highlights

  • Full year 2025 total revenue grew 37% to $8.1 million, compared to $5.9 million for full year 2024, driven by the launch of new service income and license income revenue streams.
  • Full year 2025 store revenue grew 7% to $6.0 million, compared to $5.6 million for full year 2024.
  • Store, wholesale and online gross margins for the year ended December 31, 2025, decreased to 61% compared to 63% for the same period in 2024.
  • Introduced two new revenue streams in 2025: service income of $0.9 million from the newly formed Reborn Logistics subsidiary, and license income of $1.1 million related to licensing of the Reborn Coffee brand and system.
  • Operated 10 company-owned retail locations (nine in California and one in Malaysia) and one California franchisee as of December 31, 2025.
  • Cash and cash equivalents increased to $2.6 million at December 31, 2025, up from $0.2 million at December 31, 2024, reflecting proceeds from equity issuances and convertible debt financings during the year. Subsequent to year-end, completed a Securities Subscription Agreement with an accredited investor, generating $6.5 million in gross proceeds.
  • Total stockholders’ equity increased to $4.6 million at December 31, 2025, up from $2.6 million at December 31, 2024.

2025 and Subsequent Events

  • Appointed Jung Jae Lim as Co-Chief Executive Officer alongside founder Jay Kim. Mr. Lim brings more than 20 years of leadership experience in logistics and supply chain management, including large-scale distribution networks and enterprise partnerships.
  • Announced the successful grand opening of its flagship location in Shenzhen, China located within Tencent’s new headquarters campus, reflecting the Company’s broader strategy to build a scalable presence across multiple provinces in China.
  • Regained compliance with the minimum stockholders’ equity requirement under Nasdaq Listing Rule 5550(b).
  • Completed a Securities Subscription Agreement with an accredited investor for the purchase of 1,192,661 shares of common stock at a purchase price of $5.45 per share, generating $6.5 million in gross proceeds.
  • Completed a warrant exchange and termination transaction with prior investors, resulting in the cancelation of outstanding warrants and the elimination of approximately $1.3 million in derivative liabilities.
  • Announced the formation of its new advisory board to drive innovation and growth within the company and appointed Hisham Elkoustaf as its chair. The advisory board will help to shape the strategic direction of Reborn Coffee and ensure that it remains committed to its values of sustainability and quality.
  • Established Reborn Logistics, Inc., a 51%-owned subsidiary providing freight forwarding, transportation and logistics services. Reborn Logistics contributed $0.9 million of service income and approximately $0.3 million of income from operations in its partial first year.
  • Signed a $1 million exclusive licensing agreement with Reborn Korea Co., Ltd. to develop and operate Reborn Coffee retail locations throughout South Korea.
  • Signed a $1.3 million exclusive master licensing agreement with Reborn Health Goods (Shenzhen) Co., Ltd., a China-based corporation, granting it full rights to develop and sublicense Reborn Coffee locations throughout mainland China.
  • Executed a strategic licensing agreement with The Arjomand Group and IG International, marking Reborn’s expansion into the Republics of Georgia and Armenia.
  • Entered into a master licensing agreement valued at $1.7 million with the Arjomand Group to lead the development of Reborn Coffee-branded retail locations and product lines throughout high-growth markets across the Middle East, Europe, and MENA regions.
  • Established a Central China Supply Chain Headquarters in Dawu County. Reborn China will oversee the sourcing and distribution of all matcha-based products throughout Asia and the UAE, in partnership with an agricultural group that operates matcha farms and manufacturing facilities through a China-Japan joint venture.
  • Announced that Bosco Bakery, a well-established bakery in Los Angeles, California, officially joined Reborn Coffee as a franchise.
  • Partnered with Eachome Shopping, a major retail platform under Shenzhen Media Group, to expand its retail footprint across China, enabling Reborn Coffee to scale its retail presence by integrating with Eachome Shopping’s extensive online and offline platforms.
  • Entered into a securities purchase agreement and a common stock purchase agreement for up to a total of $60 million in financing commitments with Arena Investors, LP and Arena Business Solutions Global SPC II, Ltd.
  • Approved as U.S. Franchisor, setting the stage for expansive growth across U.S. markets.

Management Commentary

“Fiscal 2025 was a transformational year for Reborn Coffee, defined by the diversification of our revenue base, the formation of a new operating subsidiary, and a meaningful strengthening of our balance sheet,” said Jay Kim, Co-Chief Executive Officer of Reborn Coffee. “We grew total revenue 37% year-over-year to $8.1 million, with contributions from our core retail business joined by two entirely new revenue streams: service income from the September 2025 launch of Reborn Logistics, and license income associated with the licensing of our brand and operating system. Together, these new streams contributed approximately $2.0 million of revenue in 2025 and mark an important step in the evolution of Reborn Coffee from a single-channel specialty coffee operator into a multi-channel platform company.

“Our decision to establish Reborn Logistics reflects a broader strategic view that supply chain capabilities are a differentiator in both the specialty coffee and broader consumer sectors. Under the leadership of our newly appointed Co-Chief Executive Officer, Jung Jae Lim, who brings more than two decades of logistics and supply chain expertise, we expect Reborn Logistics to continue to scale in 2026 and play an increasingly important role in both our own distribution network and in serving third-party customers. Having two Co-CEOs — one focused on brand, retail and franchise growth, and one focused on logistics, transportation and operating infrastructure — positions us to pursue both opportunities with the focus and depth each deserves.

“From a capital perspective, during 2025 and in the subsequent period we completed equity and convertible debt financings totaling more than $18 million in aggregate commitments, including the Arena convertible debenture program, the $50 million Equity Line of Credit with Arena, and the $6.5 million Securities Subscription Agreement with Charles Jeong. These transactions materially improved our cash position, which grew to $2.6 million at year-end from $0.2 million a year earlier, and allowed us to enter 2026 with a structured repayment plan with our convertible debenture holders and a regained Nasdaq listing compliance position. While our 2025 results include several non-recurring charges — most notably a $1.6 million asset impairment loss tied to our Korea and Malaysia subsidiaries and approximately $1.8 million of combined debt discount amortization and loss on debt extinguishment — these items reflect actions taken to strategize our international footprint and re-structure our capital position for the next phase of growth.

“Looking to 2026, our priorities are clear: commence franchise sales and target the opening of up to ten franchise locations, further scale Reborn Logistics, complete the structured repayment of the Arena debentures, and continue to build out the supporting infrastructure — including our planned barista training program — that will underpin the next stage of growth. We believe the foundation we built in 2025 puts us in a strong strategic position for the remainder of 2026,” concluded Kim.

Anticipated Milestones

  • Commence franchise sales activities in 2026 and target the opening of up to ten franchise locations across the United States.
  • Scale Reborn Logistics operations to further expand freight forwarding, transportation and supply chain services to both affiliated and third-party customers.
  • Complete the structured repayment of the outstanding convertible debentures pursuant to the Amended and Restated Forbearance Agreement with Arena Investors, targeting full repayment or conversion by September 30, 2026.
  • Launch a dedicated barista training program designed to support quality and consistency across company-operated and future franchised locations.
  • Expand domestic roasting capacity and paper goods supply infrastructure to support anticipated franchisee-driven demand, with an emphasis on eco-friendly products.
  • Evaluate opportunities to refresh and selectively expand the company-operated retail footprint in core Southern California markets.
  • Continue to pursue additional strategic financings, as needed, to fund ongoing operations and growth initiatives.

Full Year 2025 Financial Results

Total net revenues for the year ended December 31, 2025 were approximately $8.1 million, compared to $5.9 million for the year ended December 31, 2024, representing an increase of approximately $2.2 million, or 36.5%. The increase was primarily driven by the addition of two new revenue streams in 2025 — service income of approximately $0.9 million from the newly formed Reborn Logistics subsidiary, and license income of approximately $1.1 million — together with a 6.8% increase in company-operated store revenue. Wholesale and online revenue declined to $0.1 million from $0.4 million, reflecting a strategic shift in marketing focus toward retail and service-based revenue streams.

Store, wholesale and online gross profit was approximately $3.7 million for the three-month period ended March 31, 2025, compared to gross profit of approximately $3.7 million for the comparable period in 2024. Store, wholesale and online gross margins for the year ended December 31, 2025, decreased to 61% compared to 63% for the same period in 2024.

Total operating costs and expenses for the year ended December 31, 2025 were approximately $13.9 million, compared to $10.5 million for the year ended December 31, 2024, representing an increase of approximately $3.3 million, or 31.7%.

Net loss attributable to Reborn Coffee shareholders for the year ended December 31, 2025 was approximately $9.1 million, or $(1.73) per basic and diluted share, compared to a net loss of approximately $4.8 million, or $(1.66) per basic and diluted share, for the year ended December 31, 2024.

Net cash used in operating activities for the year ended December 31, 2025 was approximately $6.5 million, compared to $3.5 million for the year ended December 31, 2024.

Cash and cash equivalents totaled approximately $2.6 million as of December 31, 2025, compared to $0.2 million as of December 31, 2024. Subsequent to year-end, completed a Securities Subscription Agreement with an accredited investor, generating $6.5 million in gross proceeds.

About Reborn Coffee

Reborn Coffee, Inc. (NASDAQ: REBN) is a California-based specialty coffee retailer focused on delivering high-quality, handcrafted coffee experiences. With a growing global footprint and a dedication to innovation, Reborn is redefining the coffeehouse model through its premium products and technology-forward initiatives. For more information, visit reborncoffee.com.

Forward-Looking Statements

All statements in this release that are not based on historical fact are “forward-looking statements.” While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our recent filings with the Securities and Exchange Commission (“SEC”) including our Form 10-K for the year ended December 31, 2025, which can be found on the SEC’s website at www.sec.gov. Such risks, uncertainties, and other factors include, but are not limited to, the Company’s ability to continue as a going concern as indicated in an explanatory paragraph in the Company’s independent registered public accounting firm’s audit report as a result of recurring net losses, among other things, the Company’s ability to successfully open the additional locations described herein as planned or at all, the Company’s ability to expand its business both within and outside of California (including as it relates to increasing sales and growing Average Unit Volumes at our existing stores), the degree of customer loyalty to our stores and products, the fluctuation of economic conditions, competition and inflation. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contacts

Investor Relations Contact:

Chris Tyson
Executive Vice President
MZ North America
[email protected]
949-491-8235

Company Contact:

Reborn Coffee, Inc.
[email protected]

REBORN COFFEE, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
             

December 31,
 		 
2025
 		   
2024
 		 
             
ASSETS                
Current assets:                
Cash and cash equivalents   $ 2,594,716     $ 158,215  
Accounts receivable, net of allowance for doubtful accounts of $75,689 and $0, respectively     946,996       67,309  
Accounts receivable from related party     728,990       –  
Inventories, net     58,435       169,615  
Prepaid expense and other current assets     550,000       467,613  
Loan receivable from related party     2,000,000       –  
Total current assets     6,879,137       862,752  
Property and equipment, net     2,894,893       4,080,004  
Operating lease right-of-use asset     2,160,871       2,653,179  
Long-term prepayment     1,000,000       –  
Other assets     246,189       193,188  
Total assets   $ 13,181,090     $ 7,789,123  
                 
LIABILITIES AND SHAREHOLDERS’ EQUITY                
Current liabilities:                
Accounts payable   $ 561,457     $ 558,444  
Accrued expenses and current liabilities     815,245       774,826  
Loan payable to shareholder     70,000       –  
Loans payable to financial institutions, current     109,247       111,300  
Loans payable to others     279,026       427,073  
Loan payable to related party     153,605       –  
Convertible debt, net of debt discount of $900,198     3,266,467       –  
Derivative liability     503,384       –  
Loan payable, emergency injury disaster loan, current     22,452       30,060  
Loan payable, payroll protection program, current     26,307       37,494  
Operating lease liabilities, current     879,416       844,177  
Total current liabilities     6,686,606       2,783,374  
Loan payable, emergency injury disaster loan, net of current     469,940       469,940  
Loan payable, payroll protection program, net of current     25,718       26,307  
Operating lease liabilities, net of current     1,352,961       1,906,760  
Total liabilities     8,535,225       5,186,381  
                 
Commitments and Contingencies (Note 13)                
                 
Shareholders’ equity                
Common Stock, $0.0001 par value, 40,000,000 shares authorized; 7,850,601 and 4,274,508 shares issued and outstanding, respectively     785       428  
Common stock issuable, $0.0001 par value, 170,000 and 294,000 shares issuable, respectively     850,000       1,470,000  
Preferred Stock, $0.0001 par value, 1,000,000 shares authorized; no shares issued and outstanding     –       –  
Additional paid-in capital     34,365,043       22,674,095  
Accumulated deficit     (30,704,112 )     (21,562,872 )
Accumulated other comprehensive income     –       21,091  
Non-controlling interest in subsidiary     134,149       –  
Total shareholders’ equity     4,645,865       2,602,742  
                 
Total liabilities and shareholders’ equity   $ 13,181,090     $ 7,789,123  





REBORN COFFEE, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
       
   
Years Ended
 		 
   
December 31,
 		 
   
2025
 		   
2024
 		 
Net revenues:            
Stores   $ 5,952,061     $ 5,573,247  
Wholesale and online     113,577       355,286  
Service income – related party     928,990       –  
License income     1,100,000       –  
Total net revenues     8,094,628       5,928,533  
                 
Operating costs and expenses:                
Product, food and drink costs – stores, wholesale and online     2,376,017       2,204,574  
Cost of service income – subcontractors, related party     650,293       –  
General and administrative     7,751,594       6,862,729  
Professional fees     1,626,238       693,563  
Stock compensation expense     1,484,333       787,213  
Total operating costs and expenses     13,888,475       10,548,079  
                 
Loss from operations     (5,793,847 )     (4,619,546 )
                 
Other income (expenses):                
Other income     146,508       55,140  
Interest expense     (156,093 )     (215,140 )
Interest expense – debt discount     (1,067,028 )     –  
Gain on sale of property     45,673       –  
Loss on debt extinguishment     (722,972 )     –  
Derivative expense     297,176       –  
Asset impairment loss     (1,647,229 )     (25,602 )
Total other expenses, net     (3,103,965 )     (185,602 )
                 
Loss before income taxes     (8,897,812 )     (4,805,148 )
                 
Provision for income taxes     109,279       800  
                 
Net loss     (9,007,091 )     (4,805,948 )
                 
Net income attributable to non-controlling interest     134,149       –  
                 
Net loss attributable to Reborn Coffee shareholders   $ (9,141,240 )   $ (4,805,948 )
                 
Per common share basic and diluted:                
                 
Net loss per common share attributable to Reborn Coffee shareholders, basic and diluted   $ (1.73 )   $ (1.66 )
                 
Number of weighted average shares – basic and diluted     5,294,587       2,896,960  



REBORN COFFEE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS
             

Years Ended December 31,
 		 
2025
 		   
2024
 		 
             
Cash flows from operating activities:            
Net loss   $ (9,141,240 )   $ (4,805,948 )
Non-controlling interest net income     134,149       –  
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:                
Stock compensation expense     1,484,333       787,213  
Loss on settlement of debt     722,972          
Interest expense – amortization of debt discount     1,067,028       –  
Operating lease     (26,252 )     (64,180 )
Asset impairment loss     1,647,229       25,602  
Loss on disposal of assets     (45,673 )     –  
Depreciation     449,585       391,263  
Derivative expense     (297,176 )     –  
Changes in operating assets and liabilities:                
Decrease in accounts receivable     (1,608,677 )     (10,371 )
Increase in inventories     111,180       15,446  
Decrease in prepaid expense and other assets     (135,388 )     98,433  
Decrease in accounts payable     (907,915 )     (53,218 )
Increase in accrued expenses and liabilities     40,419       163,536  
Net cash used in operating activities     (6,505,426 )     (3,452,224 )
                 
Cash flows from investing activities:                
Acquisition of property and equipment     (51,195 )     (1,109,374 )
Proceeds from sale of assets     75,000       132,157  
Long-term prepayment     (1,000,000 )     –  
Loan receivables from related party     (2,000,000 )     –  
Net cash used in investing activities     (2,976,195 )     (977,217 )
                 
Cash flows from financing activities:                
Net proceeds from loan payable to others     (148,045 )     (181,954 )
Net borrowings from related party     637,605       –  
Proceeds from issuances of common stock     8,380,000       4,283,980  
Proceeds from common stock issuable     –       1,470,000  
Proceeds from loan payable to shareholder     70,000       (100,000 )
Borrowings from convertible debt     2,999,999       –  
Repayments from loan payable to financial institutions     (2,053 )     (1,015,199 )
Repayments on loan payable to PPP     (19,384 )     (33,472 )
Net cash provided by financing activities     11,918,122       4,423,355  
                 
Net increase (decrease) in cash     2,436,501       (6,086 )
                 
Cash at beginning of year     158,215       164,301  
                 
Cash at end of year   $ 2,594,716     $ 158,215  
                 
Supplemental disclosure of cash flow information:                
Cash paid during the period for:                
Interest   $ 75,215     $ 134,781  
Income taxes   $ 109,279     $ 1,600  



Posted on

ESS to Host First Quarter 2026 Financial Results Conference Call on Thursday, May 7, 2026 at 5:00 p.m. Eastern Time

ESS to Host First Quarter 2026 Financial Results Conference Call on Thursday, May 7, 2026 at 5:00 p.m. Eastern Time

WILSONVILLE, Ore.–(BUSINESS WIRE)–ESS Tech, Inc. (ESS) (NYSE : GWH), a leading manufacturer of iron flow long-duration energy storage (LDES) systems for commercial- and utility-scale applications, today announced that it will hold a conference call on Thursday, May 7, 2026 at 5:00 p.m. EDT to discuss financial results for its first quarter 2026 ended March 31, 2026, and will be providing updates on commercial progress, customer deployments, and anticipated technology milestones. A press release detailing these results will be issued prior to the call.

ESS Tech CEO Drew Buckley and CFO Kate Suhadolnik will host the conference call, followed by a question-and-answer period. The conference call will be accompanied by a presentation, which can be viewed or accessed following the call via the investor relations section of the Company’s website here.

To access the call, please use the following information:

Date:

Thursday, May 7, 2026

Time:

5:00 p.m. Eastern Time (2:00 p.m. Pacific Time)

Dial-in:

1-833-461-5787

International:

International Dial-Ins

Meeting ID:

512803249

Webcast:

https://events.q4inc.com/attendee/512803249

The replay can be viewed through the webcast link above and the presentation utilized during the call will be available via the investor relations section of the Company’s website here.

About ESS Tech, Inc.

ESS (NYSE: GWH) is the leading manufacturer of long-duration iron flow energy storage solutions. ESS was established in 2011 with a mission to accelerate decarbonization safely and sustainably through longer lasting energy storage. Using easy-to-source iron, salt, and water, ESS iron flow technology enables energy security, reliability and resilience. We build flexible storage solutions that allow our customers to meet increasing energy demand without power disruptions and maximize the value potential of excess energy. For more information visit www.essinc.com.

Cautionary Language on Forward-Looking Statements

This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company and other matters that involve substantial risks and uncertainties. These statements may discuss the management team’s goals, beliefs, hopes, intentions and expectations as to future plans, trends, events, results of operations and financial condition, or otherwise, based on current beliefs of the management of the Company, as well as assumptions made by, and information currently available to, the Company’s management. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would,” or, in each case, their negative or other variations or comparable terminology may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our business. These forward-looking statements are based on ESS’ current expectations and beliefs concerning future developments and their potential effects on ESS. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication. There can be no assurance that the future developments affecting ESS will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond ESS control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include risks and uncertainties described more fully in the section titled “Risk Factors” in the Company’s Quarterly Report on Form 10-K filed on March 5, 2026, and the Company’s other filings with the U.S. Securities and Exchange Commission. Except as required by law, ESS is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Company

[email protected]

Investor Relations

Chris Tyson

Executive Vice President

MZ Group – MZ North America

Phone: (949) 491-8235

[email protected]

www.mzgroup.us

KEYWORDS: Oregon United States North America

INDUSTRY KEYWORDS: Technology Manufacturing Batteries Other Energy Utilities Green Technology Alternative Energy Environment Energy Engineering Sustainability

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Barnes & Noble Education to Host Investor Day on June 25, 2026

Event to highlight strategy, key growth drivers, and financial outlook

FLORHAM PARK, N.J., April 23, 2026 (GLOBE NEWSWIRE) — Barnes & Noble Education, Inc. (NYSE: BNED), (“Barnes & Noble Education,” “BNED,” “the Company,” “we,” “us,” “our”), a leading solutions provider for the education industry, today announced it will host a virtual Investor Day on Thursday, June 25, 2026, broadcast live from the New York Stock Exchange.

During the event, BNED’s leadership team will present a comprehensive overview of the Company’s strategy, key growth drivers, and financial outlook. The presentation will highlight BNED’s focus on improving affordability and outcomes for students, expanding its First Day® programs, and enhancing its omnichannel campus retail model to better serve institutional partners and customers.

Management will also outline key priorities to support sustainable growth, including scaling its academic solutions platform, strengthening general merchandise performance, and driving improved operating leverage and capital efficiency.

The live webcast will begin at 10:00 a.m. Eastern Time and is expected to conclude at 12:00 p.m. Eastern Time. Investors may register to participate in the webcast here: https://bnedinvestor.netlify.app/

A replay of the webcast, along with presentation materials, will be available following the event in the “Investor Relations” section of the Company’s website.

ABOUT BARNES & NOBLE EDUCATION, INC.

Barnes & Noble Education, Inc. (NYSE: BNED) is a leading solutions provider for the education industry, driving affordability, access and achievement at hundreds of academic institutions nationwide and ensuring millions of students are equipped for success in the classroom and beyond. Through its family of brands, BNED offers campus retail services and academic solutions, wholesale capabilities and more. BNED is a company serving all who work to elevate their lives through education, supporting students, faculty and institutions as they make tomorrow a better and smarter world. For more information, visit www.bned.com.

Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and information relating to us and our business that are based on the beliefs of our management as well as assumptions made by and information currently available to our management. When used in this communication, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “may,” “should,” “will,” “forecasts,” “projections,” “continue to,” “committed to,” and similar expressions, as they relate to us or our management, identify forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements, and such statements include but are not limited to those related to the Company’s strategy, key growth drivers, long-term financial framework, strategic initiatives, and expected trends in financial results. We caution you not to place undue reliance on these forward-looking statements. Such statements reflect our current views with respect to future events, the outcome of which is subject to certain risks, including, but not limited to: the amount of our indebtedness and ability to comply with covenants contained in our credit agreement; our ability to maintain adequate liquidity levels to support ongoing inventory purchases and related vendor payments in a timely manner; slower than anticipated pace of adoption of our BNC First Day® equitable and inclusive access course material models; our dependency on strategic service provider relationships and the potential for adverse operational and financial changes to these strategic service provider relationships; non-renewal of our managed bookstore, physical and/or online store contracts; general competitive conditions; a decline in college enrollment or decreased funding available for students; technological changes, including the adoption of artificial intelligence technologies for educational content; disruptions to our information technology systems, infrastructure, data, supplier systems, and customer ordering and payment systems due to computer malware, viruses, hacking and phishing attacks; disruption of or interference with third party service providers and our own proprietary technology; and changes in applicable domestic and international laws, rules or regulations or changes in enforcement practices, including, without limitation, U.S. tax reform, changes in tax rates, tariffs, import and export control laws and regulations, changes to consumer data privacy rights legislation, as well as related guidance. Moreover, we operate in a very competitive and rapidly changing environment and new risks may emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make.

For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in the Company’s Annual Report on Form 10-K for the fiscal year ended May 3, 2025, filed with the SEC. Any forward-looking statements made by us in this press release speak only as of the date of this press release, and we do not intend to update these forward-looking statements after the date of this press release, except as required by law or regulation.

Media & Investor Contact:

Rob Fink
FNK IR
[email protected]
646-809-4048