Quiver News

WOODS CROSS, Utah, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (Nasdaq: SKYQ), an energy infrastructure company focused on domestic refining and resource development, today announced that it has signed a non-binding letter of intent with BioForce Nanosciences Holdings, Inc. (BFNH) under which Sky Quarry will use commercially reasonable efforts to introduce BioForce, subject to BioForce’s prior written approval of each prospective financing source, to potential financing sources for BioForce’s Nevada oil exploration, drilling and development program. BioForce has advised Sky Quarry that it is seeking approximately $25 million for the program. The arrangement is non-exclusive, and BioForce retains sole discretion to accept or reject any financing proposal. This is the second letter of intent to emerge from Sky Quarry’s efforts to attract development capital to Nevada oil projects.

The agreement advances Sky Quarry’s Nevada Oil Development Program, announced August 5, 2026, which targets up to $50 million in third-party investment directly into qualified producers and projects. The BioForce opportunity illustrates how Sky Quarry intends to put that program to work by bringing a specific exploration project to potential financing sources and evaluating whether successful production could supply its Eagle Springs Refinery. The Nevada program is an initial component of Sky Quarry’s broader Great Basin Energy Initiative.

Two Prospects Across Nearly 20,000 Acres

BioForce has reported that it holds federal oil and gas leases covering approximately 19,957 acres in Nevada’s White River Valley. BioForce furnished an independent prospective resources assessment by Ryder Scott Company, L.P. with its August 18, 2026, Form 8-K. As reported by BioForce, the assessment presents the following gross, unrisked P50 estimates for the Fox Mountain and South Lund prospects. These are estimates of prospective resources, not reserves. Sky Quarry has not independently verified them. ¹

“When we announced the Nevada program, we set out to find projects where we could help connect exploration capital with a potential local market for production,” said Marcus Laun, Interim Chief Executive Officer and President of Sky Quarry. “BioForce has assembled nearly 20,000 acres of federal leases and commissioned an independent prospective resources assessment. With this letter of intent, we have a specific project to introduce to potential financing sources, subject to BioForce’s approval. If drilling establishes commercial production, Foreland could offer a nearby market for crude that meets our refinery specifications, subject to a separate agreement on market-based terms.”

Potential Supply for Eagle Springs

Sky Quarry’s wholly owned subsidiary, Foreland Refining Corporation, operates the Eagle Springs Refinery near Ely, Nevada. If BioForce obtains financing and commences production, the parties intend to evaluate a potential crude oil purchase or offtake relationship. A new regional source of crude could diversify Foreland’s supply and reduce trucking distances. Any purchase would depend on commercial production, crude quality, volumes, pricing, transportation costs and refinery requirements, and would require a separate definitive agreement at market-based pricing. The letter of intent gives Sky Quarry no right of first refusal, right of first offer or other preferential right to BioForce’s production. BioForce remains free to sell its production to any purchaser.

Sky Quarry’s contemplated role under the letter of intent is limited to introducing BioForce to financing sources that BioForce has approved and assisting with related presentations. Sky Quarry does not guarantee that any financing will be obtained, and it has no obligation to provide financing from its own balance sheet. The letter of intent provides for no fee or other transaction-based compensation to Sky Quarry. Any investment would be subject to the financing source’s independent diligence and approval and to definitive agreements negotiated directly with BioForce. The $50 million figure is the Nevada program’s aggregate third-party investment target, not a commitment. Proceeds of any financing would go directly to BioForce or an agreed project entity, and Sky Quarry would not hold or control them. The financing is not intended to involve any issuance of Sky Quarry securities. The letter of intent is non-binding with respect to any financing or offtake transaction, has a term of 180 days, and may be terminated by either party at any time.

About Sky Quarry Inc.

Sky Quarry Inc. is an energy infrastructure company focused on domestic refining and resource development. Its wholly owned subsidiary, Foreland Refining Corporation, operates the Eagle Springs Refinery near Ely, Nevada, producing diesel, vacuum gas oil, naphtha and liquid paving asphalt. Sky Quarry is also developing its PR Spring facility in eastern Utah for hydrocarbon recovery. skyquarry.com

Forward-Looking Statements

This release contains forward-looking statements regarding potential financing introductions and investments, BioForce’s exploration and drilling plans, estimates of prospective resources, possible discoveries and commercial production, potential crude purchases and anticipated benefits to Sky Quarry’s refining operations. Actual results may differ materially due to financing availability, permitting, geological and drilling results, recovery performance, commodity prices, development and transportation costs, crude quality and the ability of the parties to enter into definitive agreements. Other risks include the non-binding nature of the letter of intent, either party’s right to terminate it at any time, and its non-exclusive nature. Exploration may yield no discovery, and any discovery may prove uneconomic. Prospective resource estimates are inherently uncertain and were prepared for BioForce, not Sky Quarry. Readers should review the risk factors in Sky Quarry’s SEC filings. Sky Quarry undertakes no obligation to update these statements except as required by law.

Investor Relations
[email protected]

_{¹ Prospective resources are estimated quantities of oil that may potentially be recovered from undiscovered accumulations through future development projects. They carry both a risk of discovery and a risk of development, and they are not reserves. There is no certainty that any portion of the prospective resources will be discovered, or that it will be commercially viable to produce any portion that is discovered. The estimates shown are gross and unrisked and have not been adjusted for the chance of discovery or development.}

BUTTE, Mont., Nov. 11, 2026 (GLOBE NEWSWIRE) -- Silver Bow Mining Corp. (NYSE American: SBMT ) ("Silver Bow Mining" or the "Company") is pleased to announce the commencement of underground diamond drilling at its flagship Rainbow Block Project in Butte, Montana.

Drilling from the Company’s newly constructed Rainbow Decline is the first underground exploration drilling in the historic Butte Mining District in more than three decades and advances the Company’s plans to re-establish and expand underground activities at the Rainbow Block and systematically evaluate the extensive mineralized vein systems.

Highlights

• Historic return to underground drilling: First underground exploration drilling in the Butte Mining District in more than three decades.
• New Rainbow Decline drill station: Drilling has commenced from an underground drill station in the Rainbow Decline at the 6,210-foot elevation.
• Follow-up of recent high-grade discoveries: Initial drilling will target multiple mineralized vein systems, including the Badger and Emily veins, where recent surface drilling has identified high-grade mineralization.
• Planned underground drilling program: The Company plans to expand its underground exploration activities with 30,000 feet of drilling from the Rainbow and Chief Joseph declines during the remainder of 2026 and 2027.
• Resource expansion and upgrading: The initial underground drill station is positioned to target extensions of twelve mineralized veins beyond the current Rainbow Block Mineral Resource estimate. The program is designed to support potential resource expansion and upgrading while providing additional geological information to guide future exploration and, if warranted, underground development planning.
  
  

The initial drill station is located approximately 285 feet (87 meters) down the new Rainbow Decline from the portal. Drilling is being conducted by NISS Drilling using a KMN1.4 electric underground diamond core drill. The program will initially focus on multiple mineralized vein systems (see Figure 1), including follow-up drilling on the Badger and Emily veins, where the Company’s 2026 surface drilling program has returned numerous intercepts of high-grade silver-gold-zinc-lead mineralization, along with other notable Critical Minerals.

3D Models of the Rainbow Block Underground with Mineralized Vein System

Figure 1a and 1b: Plan and Oblique view, respectively, show the initial Rainbow Decline (blue) underground drill station with the green lines representing proposed diamond drill hole traces. Red – Modelled Vein Systems, Yellow – Current Inferred Mineral Resource.

Travis Naugle, Chairman and Chief Executive Officer, stated, “In my career, I have never seen a setup like this: from a single underground station, we can drill in virtually every direction to test twelve separate vein targets, each an extension beyond our current Mineral Resource estimate. With high-grade results from numerous veins already in hand from this year’s surface program, we are doing what we committed to do: following up from underground, seeking to advance growth in the Rainbow Block Mineral Resource and evaluating the project’s future development potential.”

Advancing Silver Bow Mining’s Underground Development Strategy

The commencement of underground drilling follows a series of developments in 2026 aimed at re-establishing underground exploration in the historic Butte Mining District. In May, the Company initiated rehabilitation of the Chief Joseph Portal and decline and received authorization from the Montana Department of Environmental Quality for the new Rainbow Decline, including approximately 6,000 feet of planned underground development intended to connect with the existing Lexington Tunnel level. By August, underground access through the Chief Joseph Portal had been restored and preparations for the new Rainbow Portal were underway.

With drilling now underway from the Rainbow Decline, the Company has progressed from establishing underground infrastructure to actively exploring the Rainbow Block's extensive mineralized vein systems. The Rainbow and Chief Joseph declines are expected to provide complementary drilling platforms, with additional drill stations established as underground development advances.

Drilling from underground offers several advantages over surface drilling, including improved drilling orientations, shorter drill holes to certain targets and greater flexibility to test the continuity and extensions of mineralized veins. These advantages are expected to support more efficient resource definition and expansion drilling as the program progresses.

Underground Drilling to Follow Up on Recent High-Grade Results

The Company’s underground exploration plan contemplates approximately 30,000 feet of diamond drilling through the end of 2027, principally focused on resource expansion and upgrading. The initial program will target multiple mineralized vein systems from the first Rainbow Decline drill station including the State, Badger, Edith May and Auraria veins to the south and, to the north, the Jessie, Rainbow Splay, Alice, Emily, Emily High-Grade, Rainbow, Boston and Jersey Blue veins.

The program will include follow-up drilling on the Badger and Emily veins, where recent surface exploration has identified encouraging high-grade mineralization outside of Silver Bow Mining’s current Inferred Mineral Resource.

On September 1, 2026 , the Company reported an intersection in the Badger Vein of 4.0 meters grading 994.2 grams per tonne (“g/t”) silver equivalent (AgEq) (13.1 ft @ 29 opt AgEq), including 2.3 meters grading 1,586.1 g/t AgEq (7.4 ft @ 46.26 opt AgEq), from drill hole SBM26-03.

On November 5, 2026 , the Company reported an intersection in the Emily Vein of 11.2 meters grading 312.7 g/t AgEq (36.8 ft @ 9.12 opt AgEq), including 3.6 meters grading 462.7 g/t AgEq (12.1 ft @ 13.49 opt AgEq), from drill hole SBM26-08.

These results highlight the exploration potential of the Rainbow Block’s multiple mineralized vein systems and provide important targets for follow-up underground drilling.

Phillip Nickerson, PhD, CPG, Vice President of Exploration, noted: “The extensive network of mineralized veins at our Rainbow Block Project creates opportunities that can be more effectively tested from underground drill stations, where we can position drill holes to better intersect targeted structures and assess their geometry and continuity.”

“Our recent surface drilling successes in the Badger and Emily veins provide compelling follow-up targets for this initial underground program, while the configuration of the new drill station allows us to test numerous additional vein systems from a single underground location. As we establish additional stations, we intend to expand our ability to investigate these mineralized structures and support our mineral resource expansion and upgrading objectives. We anticipate results from the underground drilling program will be integrated with surface exploration data and our geological models to refine target priorities, support future resource evaluations and guide ongoing underground exploration and, if warranted, development planning.”

Technical Disclosure

Silver Equivalent Calculation: AgEq grades quoted in this news release use metal prices and estimated recovery assumptions consistent with the Company’s current Mineral Resource estimate. The following metal prices were used: silver – $25.00/oz; gold – $2,500/oz; zinc – $1.31/lb; and lead – $0.90/lb. Estimated metallurgical recoveries of 90% were applied to each metal included in the calculation. Indium is reported but is not included in the AgEq calculation.

AgEq is calculated by determining the per-ton in-situ value of silver, gold, zinc and lead, applying the respective estimated metallurgical recovery to each metal, summing the resulting values and dividing the total by the silver price adjusted by the estimated silver recovery.

The metallurgical recovery assumptions used in the AgEq calculation are consistent with those used in the current Rainbow Block Mineral Resource estimate. Actual metallurgical recoveries have not been established for the specific mineralized intervals reported in this release and may differ from the assumptions used.

Qualified Person: The scientific and technical information contained in this news release has been reviewed and approved by Phillip Nickerson, PhD, CPG, Vice President of Exploration of Silver Bow Mining Corp., who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators and a “Qualified Person” as defined by Subpart 1300 of Regulation S-K of the U.S. Securities and Exchange Commission.

About Silver Bow Mining Corp.

Silver Bow Mining Corp. is a minerals exploration company advancing its Butte Project, including the Rainbow Block, located in the Butte Mining District of Montana. The Company is targeting a broad suite of U.S.-designated Critical Minerals, including silver, copper, zinc, lead, manganese, germanium, gallium, antimony, bismuth and indium, alongside gold. The Company holds approximately 4,210 acres of patented mineral claims and approximately 1,427 acres of surface lands across multiple claim blocks in this historically prolific district, including the flagship Rainbow Block.

On Behalf of Silver Bow Mining Corp.,
Travis Naugle
Chairman and Chief Executive Officer

For further information, contact Investor Relations at:
Email: [email protected]

Cautionary Note on Forward-Looking Statements

This news release contains forward-looking statements within the meaning of applicable U.S. securities laws, including the U.S. Securities Act of 1933, as amended, and the U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”).

All statements other than statements of historical fact that address activities, events or developments that Silver Bow Mining Corp. (the “Company”) expects or anticipates will or may occur in the future are forward-looking statements. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “project,” “target,” “will,” “could,” “should” and similar expressions often, but not always, identify forward-looking statements.

Forward-looking statements in this news release include statements regarding the continuation, expansion, scope, timing and objectives of underground exploration and development activities at the Rainbow Block; the proposed establishment of additional underground drill stations; planned drilling from the Rainbow and Chief Joseph declines; the anticipated benefits of underground access and drilling; the ability to follow up on recent high-grade intersections and test additional mineralized vein systems; the potential continuity, geometry, extent and grade of mineralization; the use of exploration results and geological models to guide future activities; and the potential for exploration results to support future expansion or upgrading of the Rainbow Block Mineral Resource estimate.

These forward-looking statements are based on the Company's current expectations, estimates, interpretations and assumptions, including assumptions regarding the availability of sufficient financing and future budget approvals; the availability of qualified personnel, equipment, contractors and services; continued access to the project and maintenance of required permits and property rights; suitable underground development and operating conditions; the ability to establish additional drill stations and complete planned exploration activities; and the reliability of geological interpretations, historical information and exploration results.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied. These include risks associated with underground development and drilling, including ground stability, water inflows, ventilation and other underground operating and safety conditions; delays, increased costs or changes to planned exploration and development activities; equipment and contractor availability; permitting and regulatory requirements; and the Company's ability to obtain financing on acceptable terms or at all.

Additional risks include geological uncertainty, including the possibility that future drilling may not confirm interpreted vein continuity, geometry, extent or grade, or support the definition of additional Mineral Resources or upgrading of existing Inferred Mineral Resources. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Other risks include commodity-price fluctuations, changes in laws and regulations, environmental and operational hazards, and other factors described in the Company's registration statement on Form S-1, as amended, its Canadian prospectus and subsequent filings with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.

Although the Company believes that the expectations and assumptions reflected in its forward-looking statements are reasonable, no assurance can be given that they will prove correct. Other factors may cause actual results to differ materially from those anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/840881e5-5cf0-4d95-8e15-50e49c3b131a
https://www.globenewswire.com/NewsRoom/AttachmentNg/6838d73b-6bef-4057-8de3-4803e972234e

TORONTO, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Quantum BioPharma Ltd. (NASDAQ: QNTM) (FRA: 0K91) (“ Quantum BioPharma ” or the “ Company ”), a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions, today announced the results of its annual general and special meeting of shareholders, held on Tuesday, November 10, 2026 in person at 1 Adelaide Street East, Suite 801, Toronto, ON M5C 2V9 (“ AGSM ”), and the closing on November 9, 2026 of a non-brokered private placement of 26 Class A Multiple Voting Shares (as defined below) (the “ Offering ”).

Shareholders represented in person or by proxy at the AGSM held 42 class A multiple voting shares (the “ Class A Multiple Voting Shares ”) and 4,549,222 class B subordinate voting shares (the “ Class B Subordinate Voting Shares ”), representing 100% and 53.721%, respectively, of the issued and outstanding shares of those classes as of September 28, 2026, the record date for the AGSM (the “ Record Date ”). Each Class A Multiple Voting Share carries 276,660 votes on all matters on which it is entitled to vote. Accordingly, as of the Record Date, the 42 outstanding Class A Multiple Voting Shares carried an aggregate of 11,619,720 votes, representing approximately 57.844% of the aggregate voting power attached to all outstanding Class A Multiple Voting Shares and Class B Subordinate Voting Shares. On matters on which the Class A Multiple Voting Shares were entitled to vote at the AGSM, they represented approximately 71.864% of the aggregate voting power represented at the AGSM.

Each nominee listed in the Company’s management information circular dated September 28, 2026 (the “ Circular ”), was elected as a director of the Company. Each director will serve until the next annual meeting of shareholders or until his or her successor is duly elected or appointed. The voting results were as follows:

On November 5, 2026, the Company filed a supplement to the Circular (the “ Circular Supplement ”). In addition, at the AGSM, the shareholders: (i) re-appointed MNP LLP as the Company’s auditor (the “ Auditor ”) and authorized the audit committee of the board of directors to fix the Auditor’s remuneration; (ii) disinterested holders of Class B Subordinate Voting Shares, exclusive of Class B Subordinate Voting Shares held by holders of Class A Multiple Voting Shares, approved an ordinary resolution authorizing the board (“ Board ”), in its sole discretion, on a continuing basis, to issue additional Class A Multiple Voting Shares to Permitted Holders (as defined in the Circular) in order to maintain the aggregate voting power attached to all outstanding Class A Multiple Voting Shares at up to 70% of the aggregate voting power of the Company (the “ MVS Issuance Resolution ”); (iii) approved an ordinary resolution approving the Company’s omnibus equity incentive plan (the “ 2026 Omnibus Plan Resolution ”); (iv) approved a special resolution authorizing the Board, in its sole discretion, to consolidate the Company’s issued and outstanding Class A Multiple Voting Shares and Class B Subordinate Voting Shares at a ratio of up to ten (10) pre-consolidation shares for one (1) post-consolidation share, as determined by the Board (the “ Consolidation Resolution ”); and (v) approved a special resolution authorizing the Company to change its name to such name as determined by the Board, in its sole discretion (the “ Name Change Resolution ”). The voting results were as follows:

* All 42 Class A Multiple Voting Shares and 391,298 Class B Subordinate Voting Shares held, directly or indirectly, by holders of Class A Multiple Voting Shares, together with any other votes required to be excluded under applicable law, were excluded and not voted on the MVS Issuance Resolution.

For more information on these matters, please refer to the Circular, Circular Supplement and Company’s report of voting results, copies of which are available on SEDAR+ at www.sedarplus.ca and on the Company’s website.

Closing of Private Placement of Class A Multiple Voting Shares

On November 9, 2026, the Company closed the Offering, issuing 26 Class A Multiple Voting Shares at a price of C$3.11 per Class A Multiple Voting Share for aggregate gross proceeds of C$80.86. The price was set by reference to the trading price of the Class B Subordinate Voting Shares on the Nasdaq Capital Market of US$2.21 on November 9, 2026, converted into Canadian dollars. The Company intends to use the proceeds of the Offering for general working capital purposes. All securities issued under the Offering are subject to a statutory hold period expiring March 10, 2027 in accordance with applicable Canadian securities laws.

At the annual general and special meeting of shareholders held on September 26, 2025, the holders of Class B Subordinate Voting Shares, excluding the votes of holders of Class A Multiple Voting Shares, authorized the Board to issue up to 56 additional Class A Multiple Voting Shares until the next annual meeting of shareholders (the “ 2025 Authority ”). The Company issued 30 Class A Multiple Voting Shares under the 2025 Authority on December 10, 2025. The Offering consisted of the remaining 26 Class A Multiple Voting Shares available under the 2025 Authority and was completed before the 2025 Authority expired at the AGSM. The Offering was not completed under, and was not conditional on, the MVS Issuance Resolution. Because the Offering closed after the Record Date, the Class A Multiple Voting Shares issued under the Offering did not carry the right to vote at the AGSM, and the voting results above reflect only the 42 Class A Multiple Voting Shares outstanding as of the Record Date.

Before the Offering, 42 Class A Multiple Voting Shares were outstanding, held as to 21 shares by each of Xorax Family Trust and Fortius Research and Trading Corp. Based on 8,762,496 Class B Subordinate Voting Shares outstanding, the Class A Multiple Voting Shares represented approximately 57.01% of the votes attached to all outstanding voting securities of the Company before the Offering. Following the Offering, the 68 outstanding Class A Multiple Voting Shares represent approximately 68.22% of those votes.

MI 61-101 Disclosure

Xorax Family Trust (“ Xorax ”), a trust of which Zeeshan Saeed (“ Mr. Saeed ”), the Chief Executive Officer and Executive Co-Chairman of the Company, is a beneficiary, and Fortius Research and Trading Corp. (“ Fortius ”), a corporation controlled by Anthony Durkacz (“ Mr. Durkacz ”), a director of the Company, each acquired 13 Class A Multiple Voting Shares, being all of the Class A Multiple Voting Shares issued under the Offering. The participation of these insiders was a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). The Company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the subject matter of the transaction, nor the fair market value of the consideration for it, insofar as it involved the related parties, exceeded 25% of the Company’s market capitalization (each as determined under MI 61-101). The Offering was approved by the Board, with Mr. Saeed and Mr. Durkacz having declared their interest and abstained from voting. The Company did not file a material change report in respect of the Offering more than 21 days before closing. The Company considered the shorter period reasonable and necessary in the circumstances because the 2025 Authority expired at the AGSM, and the Company wished to complete the Offering while that authority remained in effect.

Early Warning Disclosure

Xorax acquired 13 Class A Multiple Voting Shares under the Offering for a total purchase price of C$40.43. Immediately before the Offering, Xorax held 21 Class A Multiple Voting Shares and 6,786 Class B Subordinate Voting Shares, representing 50% of the outstanding Class A Multiple Voting Shares and approximately 28.54% of the votes attached to all outstanding voting securities of the Company. Immediately after the Offering, Xorax holds 34 Class A Multiple Voting Shares and 6,786 Class B Subordinate Voting Shares, representing 50% of the outstanding Class A Multiple Voting Shares and approximately 34.14% of those votes. Together with Mr. Saeed, who may be considered a joint actor, Xorax holds 34 Class A Multiple Voting Shares, 239,998 Class B Subordinate Voting Shares and options to acquire 407,000 Class B Subordinate Voting Shares, representing approximately 34.98% of those votes (35.93% on a partially diluted basis).

Fortius acquired 13 Class A Multiple Voting Shares under the Offering for a total purchase price of C$40.43. Immediately before the Offering, Fortius held 21 Class A Multiple Voting Shares and 1,632 Class B Subordinate Voting Shares, representing 50% of the outstanding Class A Multiple Voting Shares and approximately 28.51% of the votes attached to all outstanding voting securities of the Company. Immediately after the Offering, Fortius holds 34 Class A Multiple Voting Shares and 1,632 Class B Subordinate Voting Shares, representing 50% of the outstanding Class A Multiple Voting Shares and approximately 34.12% of those votes. Together with Mr. Durkacz and First Republic Capital Corporation, a company controlled by Mr. Durkacz, each of whom may be considered a joint actor, Fortius holds 34 Class A Multiple Voting Shares, 151,300 Class B Subordinate Voting Shares and options to acquire 24,000 Class B Subordinate Voting Shares, representing approximately 34.66% of those votes (34.72% on a partially diluted basis).

Each of Xorax and Fortius acquired the Class A Multiple Voting Shares for investment purposes and so that voting control of the Company remains consolidated with the Permitted Holders (as defined in the Company’s articles). Each of them may, depending on market and other conditions, increase or decrease its holdings of securities of the Company from time to time. Each of Xorax and Fortius will file an early warning report under National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues , which will be available on the Company’s SEDAR+ profile at www.sedarplus.ca. A copy of each report may also be obtained by contacting the Company at the contact information below.

About Quantum BioPharma

Quantum BioPharma is a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions for the treatment of challenging neurodegenerative and metabolic disorders and alcohol misuse disorders with drug candidates in different stages of development. Through its wholly owned subsidiary, Lucid Psycheceuticals Inc. (“ Lucid ”), Quantum is focused on the research and development of its lead compound, Lucid-MS. Lucid-MS is a patented new chemical entity shown to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis, in preclinical models. Quantum invented UNBUZZD™ and spun out its OTC version to Unbuzzd Wellness Inc. (“ Unbuzzd ”) (formerly, Celly Nutrition Corp.), led by industry veterans. Quantum retains ownership of 19.48% (as of June 30, 2026) of Unbuzzd. The agreement with Unbuzzd also includes royalty payments of 7% of sales from unbuzzd™ until payments to Quantum total $250 million. Once $250 million is reached, the royalty drops to 3% in perpetuity. Quantum retains 100% of the rights to develop similar products or alternative formulations specifically for pharmaceutical and medical uses.

For more information visit www.quantumbiopharma.com .

Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable securities laws, including statements regarding the Company’s ability or intention to implement the Consolidation and the Name Change following shareholder approval, and the timing and terms of any such implementation; the use of proceeds of the Offering; the filing of early warning reports; and the future intentions of Xorax and Fortius with respect to securities of the Company. Forward-looking information is often identified by words such as “may,” “will,” “should,” “expect,” “anticipate,” “believe,” “intend,” “estimate,” “potential,” “continue,” “could” and similar expressions, although not all forward-looking information contains these identifying words.

Forward-looking information is based on management’s current expectations, assumptions and beliefs and is subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, among others, the possibility that the Board may determine not to proceed with the Consolidation or the Name Change; the timing and terms of any implementation of the Consolidation or the Name Change; the Company’s ability to satisfy applicable corporate, securities, regulatory and stock exchange requirements; the Company’s ability to use the proceeds of the Offering as described; dilution of shareholders’ holdings and voting power; and the other risks described in the Company’s filings on SEDAR+ and EDGAR.

Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this news release is provided as of the date hereof, and the Company undertakes no obligation to update or revise such information as a result of new information, future events or otherwise, except as required by applicable law.

Contacts:

Investor Relations
Robert Guzman, Investor Relations
Email: [email protected]
Telephone: (833) 304-0323
General Inquiries: [email protected]

SINGAPORE, Nov. 11, 2026 (GLOBE NEWSWIRE) -- YYForce Inc. (Nasdaq: YFOR) ("YYForce" or the "Company"), an AI-enabled enterprise workforce and robotics technology platform, today issued its financial guidance for the fiscal year ending December 31, 2026, projecting full-year revenue of US$70.0 million . The outlook represents approximately 22% year-over-year revenue growth compared to audited fiscal year 2025 revenue of US$57.2 million .

The projected US$12.8 million increase in revenue reflects growing enterprise demand for the Company’s proprietary Workforce OS platform, continued commercial robotics deployments, and expanding recurring software-and-service contracts across Southeast Asia, as well as expected contributions from businesses acquired or established in 2026.

Key Financial & Operating Highlights

• FY2026 Revenue Guidance: Targeted at US$70.0 million, representing approximately 22% year-over-year growth.
• FY2025 Revenue Baseline: Audited benchmark of US$57.2 million.
• Projected Revenue Increase: Projected US$12.8 million increase in revenue.
• Margin Expansion: AI matching algorithms and automated service deployment continue to drive operating leverage across regional operational hubs.
• Balance Sheet Discipline: Funded expansion supported by positive operating cash flow generation and a streamlined capital structure.
  
  

Executive Commentary

“Growing the US$57.2 million FY2025 benchmark toward a projected US$70.0 million in FY2026, representing approximately 22% year-over-year growth, reflects continued enterprise adoption of our AI-enabled operating architecture,” said Mike Fu , Chief Executive Officer of YYForce. “By embedding proprietary dispatch software and commercial service robotics directly into enterprise workflows, YYForce seeks to deliver cost efficiency to our clients while supporting revenue growth. Based on our current Southeast Asian pipeline, we remain focused on executing our commercial expansion strategy for the remainder of fiscal 2026.”

About YYForce Inc.

YYForce Inc. (Nasdaq: YFOR) is a technology-enabled provider of workforce solutions and integrated facility management services. The Company is developing a future workforce ecosystem integrating human talent, artificial intelligence, humanoid and service robotics, IoT technologies, and digital facility-management platforms.

Through its workforce operations, integrated facility-management capabilities, 24iFM platform, and emerging robotics initiatives, YYForce seeks to support the transition toward technology-enabled, human-and-machine collaborative service delivery.

For more information, visit www.yyforce.ai.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on the Company’s current expectations, assumptions and information available to it as of the date of this release. Forward-looking statements can be identified by words such as “may,” “will,” “should,” “expects,” “anticipates,” “plans,” “intends,” “believes,” “estimates,” “potential” or similar expressions, or the negative of these terms.

Forward-looking statements in this release include, but are not limited to, statements regarding the Company’s projected revenue of US$70.0 million for the fiscal year ending December 31, 2026 and the anticipated year-over-year growth rate; expected demand for the Company’s workforce, facility management, software and robotics services; the timing and volume of customer contracts and deployments; operating margins and cash flow; and the Company’s strategy, investment priorities and operating objectives.

Forward-looking statements involve inherent risks and uncertainties, and the forward-looking events discussed in this press release may not occur. Actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about the Company and a number of factors, including, among others, the Company’s history of net losses and the substantial doubt about its ability to continue as a going concern; its ability to obtain financing on acceptable terms; and its ability to integrate recently acquired businesses. For a more detailed discussion of risk factors, please refer to the Company's filings with the U.S. Securities and Exchange Commission, including the “Risk Factors” section of the Company's most recent annual report on Form 20-F, as amended, and its subsequent filings with the SEC.

The revenue guidance reflects management’s current estimates as of the date of this release, has not been reviewed or audited by the Company’s independent auditors, and should not be relied upon as a prediction of actual results. YYForce undertakes no obligation to update these statements except as required by applicable law.

Investor Relations Contact

YYForce Inc.
Investor Relations Department
Email: [email protected]
Website: https://www.yyforce.ai

MIAMI, Nov. 11, 2026 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI) (“Intermex”) announced that The Western Union Company (NYSE: WU) (“Western Union”) last night delivered to Intermex a notice purportedly terminating the pending merger agreement between the two companies. Western Union’s termination of the Merger Agreement followed its receipt on November 10, 2026 of the conditional approval of the Merger from the California Department of Financial Protection and Innovation. Through its counsel, Intermex has responded to Western Union rejecting Western Union’s purported termination of the merger agreement and demanding that Western Union take all actions necessary to consummate the merger.

Intermex remains committed to the merger, has satisfied all of its obligations under the merger agreement and stands ready to complete the transaction. Intermex will vigorously pursue its remedies and reserves all rights under the Merger Agreement and otherwise, including but not limited to its rights to specific performance and to hold Western Union liable for substantial damages.

About Intermex
Founded in 1994, Intermex enables consumers to send money from the United States, Canada, Spain, Italy, and Germany to more than 60 countries. Intermex provides digital money through agent retailers; Intermex-operated stores; mobile apps; and Intermex’s websites. Transactions are fulfilled through thousands of retail and bank locations worldwide. Intermex is headquartered in Miami, Florida, with international offices in Puebla, Mexico, Guatemala City, Guatemala, and Madrid, Spain. For more information about Intermex, please visit www.intermexonline.com .

Intermex Contact:

Investor Relations
Alex Sadowski
[email protected]

Safe Harbor Compliance Statement for Forward-Looking Statements

Certain statements in this communication may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included or incorporated in this communication are forward-looking statements. Words such as “expect,” “anticipate,” “should,” “believe,” “target,” “continued,” “project,” “plan,” “opportunity,” “estimate,” “potential,” “predict,” “demonstrates,” “may,” “will,” “could,” “intend,” “shall,” “possible,” “forecast,” “trends,” “contemplate,” “would,” “approximately,” “likely,” “outlook,” “schedule,” “pipeline,” “expects,” “intends,” “might,”, “assumes,” “estimates,” “approximately,” “shall,” “our planning assumptions,” “future outlook,” “currently,” “target,” “guidance,” and similar and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements, but the absence of these words does not mean that a statement is not forward looking. These forward-looking statements are not guarantees of future performance, conditions or results. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These factors and circumstances include, but are not limited to: (i) the completion of the proposed transaction on anticipated terms and timing or at all, including obtaining regulatory approvals and other conditions to the completion of the transaction, as well as the resolution of any dispute with Western Union regarding its purported termination; (ii) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the Merger Agreement, including the purported notice of termination dated November 10, 2026; (iii) potential significant transaction costs associated with the proposed transaction; (iv) potential litigation or regulatory actions relating to the proposed transaction; (v) the risk that disruptions from the proposed transaction will harm our business, including current plans and operations, and risks related to diverting management’s attention from our ongoing business operations and relationships; (vi) our ability to retain and hire key personnel; (vii) potential adverse business uncertainty resulting from the announcement, pendency or completion of the proposed transaction, including restrictions during the pendency of the proposed transaction that may impact our ability to pursue certain business opportunities or strategic transactions; (viii) failure to obtain regulatory approval of the transaction; and (ix) other risks and uncertainties described in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and those indicated from time to time in other documents filed or to be filed with the SEC by Intermex. The forward-looking statements contained in this communication are based on our current expectations and beliefs concerning future developments and their potential effects on us. If underlying assumptions to forward-looking statements prove inaccurate, or if known or unknown risks or uncertainties materialize, actual results could vary materially from those anticipated, estimated, or projected. The forward-looking statements contained in this communication are made as of the date of this communication, and Intermex disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Persons reading this communication are cautioned not to place undue reliance on forward-looking statements.

Newport Beach, CA, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Bimergen Energy Corporation (NYSE American: BESS), a developer, owner, and operator of utility-scale and distributed battery energy storage systems, today announced that members of its management team plan to attend RE+ 2026, taking place November 16–19 at the Las Vegas Convention Center.

During RE+ 2026, Bimergen management plans to meet with existing joint venture partners, battery technology manufacturers, project financing providers, and tax equity participants, while actively pursuing additional strategic relationships with technology providers, developers, and institutional capital partners. These discussions will focus on expanding Bimergen’s strategic network, advancing existing partnerships, evaluating additional financing opportunities, and supporting the continued development and commercialization of the Company’s battery energy storage portfolio.

Bimergen reports a development portfolio of 33 battery energy storage projects representing approximately 2.0 gigawatts across U.S. electricity markets. The projects are at varying stages of development and are not all necessarily financed, under construction, or operating. The company expects its participation in RE+ to support its ongoing work with technology and capital partners as it seeks to advance projects toward commercialization.

About Bimergen Energy Corporation

Bimergen Energy Corporation (NYSE American: BESS) is a U.S.-based energy infrastructure developer, asset owner, and operator focused on utility-scale and distributed battery energy storage systems (BESS). The Company develops projects designed to enhance grid reliability, support renewable energy integration, and provide flexible energy solutions across key U.S. power markets. Bimergen works with technology providers and capital partners to advance projects through development, construction, and long-term operation. For more information about Bimergen Energy, please visit www.bimergen.com .

About RE +

RE+ is North America’s largest clean energy industry event, powered by SEIA (Solar Energy Industries Association) and SEPA (Smart Electric Power Alliance). The 2026 conference will bring together industry participants across energy storage, solar, grid, infrastructure and related technologies.

Media Contact:
Dave Gentry
RedChip Companies Inc.
1-407-644-4256 | 1-800-REDCHIP (733-2447)
[email protected]

HOUSTON, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Talen Energy Corporation (“Talen,” the “Company,” “we” or “our”) ( NASDAQ: TLN ), a leading independent power producer, today announced a long-term capacity sale of 750 megawatts (“MW”) to an investment grade counterparty in PJM. The seven-year agreement covers PJM Delivery Years 2029/2030 through 2035/2036 and is expected to generate approximately $100 million per year in revenue.

Key Strategic Highlights:

• Ten years of capacity visibility: The Guernsey Power Station (“Guernsey”) will contribute 750 MW of accredited capacity under the agreement, covering the 2029/2030 through 2035/2036 PJM Delivery Years. In combination with the cleared capacity auctions, we now have ten years and approximately $1 billion of cumulative capacity revenue visibility from these megawatts.
• Locks in long-term contracted capacity payments: The transaction highlights the long-term value of Talen’s operating assets in PJM as demand for power grows.
• Increases contracted gross margin: Together with the AWS long-term contract, this agreement increases the contracted share of Talen’s gross margin to 40% through 2036. This improves the cash flow visibility and reduces the overall risk profile associated with the Company’s earnings.
  

“We are continuing to convert the value of our advantaged assets in advantaged locations into durable, long-term cash flows supported by strong creditworthy customers,” said Mac McFarland, Talen Chief Executive Officer. “This agreement locks in capacity economics while preserving our energy market upside and advancing the Talen flywheel.”

“Our focus remains on operating our assets well, maintaining a strong balance sheet, and deploying capital where we believe it will create the greatest value for our shareholders,” said Terry Nutt, Talen President and incoming Chief Executive Officer. “We continue to have multiple paths to improve the contracted nature of our cash flows, and this transaction is another example.”

Following these capacity agreements, Talen now has more than one-third of its ELCC-accredited capacity under long-term contract ¹ .

Additional Transaction Details

In addition, Talen has entered into separate agreements to contract the remaining 588 MW of available capacity at Guernsey for the 2029/2030 PJM Delivery Year and 702 MW from the Waterford Energy Center for three years, covering PJM Delivery Years 2029/2030 through 2031/2032. These additional agreements bring the total contracted capacity from the transaction to over two gigawatts (“GW”) for PJM planning year 2029/2030 and 1.45 GW for planning years 2030/2031 and 2031/2032.

¹ Includes long-term contracts through 2034 and beyond.

About Talen

Talen Energy ( NASDAQ: TLN ) is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 15.5 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity and ancillary services into wholesale U.S. power markets, with generation in the Mid-Atlantic, Ohio, Indiana and Montana. Our team is committed to generating power safely and reliably while delivering the most value per megawatt produced. Talen is also powering the digital infrastructure revolution. We are well positioned to serve this growing industry, as artificial intelligence data centers increasingly demand more reliable power. Talen is headquartered in Houston, Texas. For more information, visit https://www.talenenergy.com/ .

Investor Relations
Bill Appicelli
Senior Vice President, Investor Relations
[email protected]

Media
Taryne Williams
Director, Corporate Communications
[email protected]

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecasts,” “goal,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” or other forms of these words or similar words or expressions or the negative thereof, although not all forward-looking statements contain these terms. Forward-looking statements address future events and conditions concerning, among other things, the success, anticipated benefits, and the impacts of the long-term capacity sales, capital expenditures, earnings, litigation, regulatory matters, hedging, liquidity and capital resources, accounting matters, expectations, beliefs, plans, objectives, goals, strategies, future events or performance, shareholder returns and underlying assumptions.

Forward-looking statements are subject to substantial risks and uncertainties that could cause our future business, financial condition, results of operations or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this communication. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from expectations and are subject to numerous factors that present considerable risks and uncertainties.

QUANZHOU, CHINA, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Inlif Limited (NASDAQ: INLF) (the “Company”) today announced that its operating subsidiary, Ewatt Robot Equipment Co., Ltd. (“Ewatt”), has officially entered into a three-year framework agreement for product procurement and supply cooperation with Jinjiang Hengsheng Toys Co., Ltd. (“Heng Sheng Group”) on November 2, 2026. Under the agreement, the total planned cooperation value over the three-year period is US$30 million. Beginning on the date of execution, the parties intend to advance product procurement and supply in phases, targeting approximately US$5 million in each six-month period, thereby establishing a long-term and stable product supply cooperation mechanism.

This cooperation represents an important step in the Company’s efforts to strengthen industrial collaboration, expand product distribution channels, and support sustainable business growth. By establishing a long-term cooperative relationship between its operating subsidiary and Heng Sheng Group, the Company expects to further align product supply with market demand, expand business opportunities, and create new opportunities for the development of its principal business and the growth of its overall operations.

1. US$30 Million Planned Cooperation Value Establishes a Three-Year Supply Framework

According to the framework agreement signed by both parties, the total planned cooperation value over the next three years is US$30 million, with the cooperation period commencing on the date of execution. Based on the parties’ preliminary plans, product procurement and supply are expected to be advanced in approximately US$5 million increments every six months, across six phases over the three-year period. Specific product categories, procurement quantities, order values, and delivery schedules will be further determined based on the parties’ actual business requirements. The planned cooperation value of US$30 million and the phased arrangement of approximately US$5 million per six-month period are preliminary plans based on the parties’ current business conditions and do not constitute a minimum purchase commitment by Heng Sheng Group or a minimum supply commitment by Ewatt. Specific procurement and supply will be subject to purchase orders or specific business contracts subsequently confirmed by the parties.

The cooperation will primarily focus on Ewatt’s existing products and related business operations, covering product procurement, manufacturing and supply, as well as supporting services. Ewatt will coordinate its production and supply resources in accordance with actual order requirements, manufacturing capacity, and delivery schedules, and will actively work toward implementing the planned cooperation in each phase.

2. Partnering with Heng Sheng Group to Strengthen Industrial and Market Channel Synergies

Jinjiang Hengsheng Toys Co., Ltd., the Company’s cooperation partner, is affiliated with HENG SHENG HOLDING GROUP COMPANY LIMITED (KOSDAQ: 900270), a company listed on the Korea Exchange’s KOSDAQ market. The group has established a foundation in industrial resource integration and market development.

Through this cooperation, the Company expects to expand its network of quality industrial partners and promote synergies between its operating subsidiary and its partner in product procurement, market distribution channels, and business resources. Both parties intend to leverage their respective strengths, strengthen business coordination and communication, and further expand the market applications and sales opportunities for the Company’s products, laying a foundation for a long-term and stable commercial relationship.

3. Deepening Product Supply Cooperation to Support Sustainable Business Growth

Under the three-year cooperation framework, Ewatt intends to advance product procurement and supply arrangements in approximately US$5 million increments every six months. Ewatt will progressively implement specific business activities while maintaining a focus on production planning, quality management, supply assurance, and delivery coordination. Production resources will be reasonably allocated in accordance with subsequent actual orders and arrangements agreed upon by both parties to ensure the orderly execution of the cooperation.

The Company’s management stated that the establishment of this US$30 million, three-year product supply cooperation framework between its operating subsidiary and Heng Sheng Group represents an important development in expanding market channels, deepening industrial partnerships, and advancing the Company’s principal business operations. Looking ahead, the Company will continue to strengthen business collaboration with industrial partners, actively advance procurement and supply arrangements across each phase, and continuously improve its product supply capabilities and market service standards. The Company aims to progressively implement the cooperation plan, support sustainable business development, and contribute to long-term shareholder value creation.

About INLIF LIMITED

INLIF is a holding company and an exempted company incorporated in the Cayman Islands with limited liability. Through its operating entity in the People's Republic of China, Ewatt Robot Equipment Co. Ltd., established in September 2016, INLIF is engaged in the research, development, manufacturing, and sales of injection molding machine-dedicated manipulator arms. It is also a provider of installation services and warranty services for manipulator arms, and accessories and raw materials for manipulator arms. The Company produces an extensive portfolio of injection molding machine-dedicated manipulator arms, including transverse single and double-axis manipulator arms, transverse and longitudinal multi-axis manipulator arms, and large bullhead multi-axis manipulator arms, all developed by itself. It has also built experience in industrial automation solutions, including in the new energy sector, as well as intelligent robotics in recent years. For more information, please visit the Company's website: https://ir.yiwate88.com/ .

Forward-Looking Statements

Statements in this announcement with respect to the Company's current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of the Company. These forward-looking statements are made under the "safe-harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Forward-looking statements include, but are not limited to, those statements using words such as "believe," "expect," "plans," "strategy," "prospects," "forecast," "estimate," "project," "anticipate," "approximate," "aim," "intend," "seek," "may," "might," "could" or "should," and words of similar meaning in connection with a discussion of future operations, financial performance, events or conditions. From time to time, oral or written forward-looking statements may also be included in other materials released to the public. These statements are based on management's assumptions, judgments and beliefs in light of the information currently available to it. The Company cautions investors that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, including but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov . Therefore, investors should not place undue reliance on such forward-looking statements. Actual results may differ significantly from those set forth in the forward-looking statements.

All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

For investor and media inquiries, please contact:

INLIF LIMITED
Investor Relations Department
Email: [email protected]

TAIPEI, Taiwan, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Gogoro Inc. (“Gogoro,” “the Company” or “we”) (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its third quarter ended September 30, 2026.

• Gogoro achieved record-high quarterly gross margins in Q3 2026, with both IFRS and non-IFRS gross margins ¹ reaching 24.4% compared with 12.2% and 22.2%, respectively, in Q3 2025. This reflects significant improvements in product economics and operational efficiency while mindful of inflationary pressures on raw material costs.
  
• Operating cash flow increased 8.8% year-over-year to $27.9 million in the first nine months of 2026, marking six consecutive quarters of sustained operating cash generation and reinforcing Gogoro’s financial resilience.
  

Third Quarter 2026 Business Update and Outlook

• A Challenging Electric-Powered Two-Wheeler (“ePTW”) Market – Gogoro continued to strengthen its competitive position in the third quarter of 2026, supported by its ongoing product portfolio transformation. Gogoro Luna, which debuted in the previous quarter, successfully reached its target customer segment, while the EZZY series and Disney collaboration continued to broaden the Company’s product appeal. Gogoro remains firmly committed to advancing electric mobility. As the market leader with an established battery-swapping ecosystem, Gogoro is uniquely positioned to shape the future of electric two-wheel transportation. The Company remains focused on accelerating electric scooter adoption, strengthening its competitive leadership, and driving sustainable long-term growth.
  
• Advanced Vietnam Market Expansion – Gogoro continued to advance its international expansion strategy through Castrol Gogoro Mobility (“CGM”), its joint venture with Castrol. Vietnam represents a significant strategic opportunity, with approximately 80 million registered powered two-wheelers and a registered fleet that continues to expand. Vietnam’s electric two-wheeler market demonstrates strong growth potential. Electric two-wheeler sales reached approximately 735,000 units in full-year 2025, which is more than 20% of total two-wheeler sales. In the first nine months of 2026 alone, sales already surpassed the full-year 2025 total. As the transition toward electric mobility accelerates, CGM established its presence in Vietnam during the third quarter and expanded its battery-swapping infrastructure in Ho Chi Minh City, laying the foundation to capture future growth and support the broader adoption of electric two-wheelers.
  
• Established Strategic Partnerships with Two of the Leading Delivery Service Platforms in Vietnam – The collaboration aims to evaluate the operational efficiency and feasibility of battery swapping for commercial riders with high daily vehicle utilization, while gathering valuable insights to support future expansion of the battery-swapping ecosystem in Vietnam. The Vietnam pilot is showing promising results, with participating commercial riders traveling approximately 150–160 kilometers. This high level of vehicle utilization demonstrates the suitability of Gogoro’s battery-swapping technology for demanding commercial applications and reinforces our confidence in the long-term potential of Vietnam’s commercial electric mobility market.
  

_______________________________
_{¹ This is a non-IFRS measure. See Use of Non-IFRS Financial Measures for a description of the non-IFRS measures and Reconciliation of IFRS Financial Metrics to Non-IFRS for a reconciliation of the Company’s non-IFRS financial measures to their most directly comparable IFRS measures.}

Third Quarter 2026 Financial Summary

• Revenue of $70.6 million, down 9.1% year-over-year and down 2.9% on a constant currency basis ¹ .
• Battery swapping service revenue of $37.1 million, down 4.7% year-over-year and up 1.8% on a constant currency basis ¹ .
• Revenue from sales of hardware and others of $33.5 million, down 13.5% year-over-year and down 7.5% on a constant currency basis ¹ .
• Gross margin of 24.4%, up from 12.2% in the same period last year. Non-IFRS gross margin ¹ of 24.4%, up from 22.2% year-over-year.
• Net loss decreased to $3.4 million from $14.9 million in the same period last year.
• Adjusted EBITDA ¹ of $19.0 million, down from $20.2 million in the same period last year.

“As we move through 2026, Gogoro is reaffirming its market leadership through decisive product innovation and disciplined execution. Our product transformation strategy is delivering encouraging results, with our refreshed product portfolio successfully reaching our intended customer segments during the third quarter. These achievements reinforce our competitive position and demonstrate our ability to respond to evolving market needs while strengthening our operational efficiency and financial performance. We remain focused on building on this momentum and creating a stronger foundation for sustainable, long-term growth,” said Henry Chiang, CEO of Gogoro. “Beyond our established markets, we are encouraged by the progress of our Vietnam pilot program and the positive momentum from our local partnerships. Vietnam represents an exciting long-term opportunity for Gogoro, with significant potential to bring our battery-swapping ecosystem and electric mobility solutions to a broader market. We believe that our continued investment in product innovation, operational excellence, and carefully selected international opportunities can strengthen our foundation and create lasting value for the Company.”

“While year-over-year revenue declined amid challenging market conditions, we have maintained a disciplined approach to commercial growth, prioritizing healthier product economics and sustainable revenue quality over short-term volume gains driven by aggressive marketing spending. At the same time, we are making progress in improving operating efficiency and resource allocation, with a continued focus on translating these improvements into stronger financial performance and long-term business sustainability,” said Jacky Lee, Principal Financial Officer ( “ PFO ” ) of Gogoro . “Looking ahead, we are encouraged by the healthy operating momentum and increasingly predictable financial contribution of our core battery-swapping business. We believe this positions Gogoro to pursue future growth opportunities through disciplined capital allocation, continued development of our battery-swapping ecosystem, and selective expansion into international markets. Our focus remains on building a scalable business model that can generate sustainable financial returns and create lasting shareholder value.”

Third Quarter 2026 Financial Overview

Operating Revenues

For the third quarter, total revenue was $70.6 million, down 9.1% year-over-year and down 2.9% on a constant currency basis ¹ . Had foreign exchange rates remained constant with the average rate of the same period last year, revenue would have been $4.8 million higher.

• Battery swapping service revenue for the third quarter was $37.1 million, down 4.7% year-over-year, and up 1.8% on a constant currency basis ¹ . Total subscribers reached 684,000 at the end of the third quarter, representing a 4% year-over-year increase from 657,000 at the end of the same quarter last year. On a constant currency basis, battery swapping service revenue expanded year-over-year, driven primarily by subscriber growth and resilient customer retention. While a higher mix of low-mileage subscribers slightly tempered average revenue per user (“ARPU”), our expanding user base continues to support the resilience of our subscription revenue model. Furthermore, our subscription model continues to optimize network utilization and operational efficiency, strengthening the long-term unit economics of our platform.
  
• Revenue from sales of hardware and others for the third quarter was $33.5 million, down 13.5% year-over-year, and down 7.5% on a constant currency basis ¹ . The year-over-year decrease in revenue from sales of hardware and others was primarily driven by (i) a 9.7% year-over-year decline in Gogoro-branded & Powered by Gogoro Network (“PBGN”) scooter registrations, (ii) lower component and accessory sales to international customers and PBGN partners, and (iii) a drop in sharing revenue stemming from lower utilization of shared e-scooters. The decrease in sales revenue was partially offset by a higher average selling price (“ASP”), resulting from a product mix shift toward higher-end models, including the Gogoro Luna launched in late Q2 2026, compared to the same period last year.
  

Gross Margin

For the third quarter, gross margin was 24.4%, up from 12.2% in the same period last year, while non-IFRS gross margin ¹ was 24.4%, up from 22.2% in the same period last year. This substantial margin expansion was primarily by the following factors: (i) a $7.7 million reduction in costs associated with battery upgrade initiatives following the program’s completion at the end of the prior year; (ii) improved overhead absorption, as higher production volumes reduced excess capacity costs; (iii) broader energy network savings, where enhanced network efficiency, extended battery lifespans from prior upgrades, and disciplined operational management collectively lowered depreciation, operation and maintenance (“O&M”); and (iv) an increase in ASP, resulting from a product mix shift toward higher-end models following the launch of Gogoro Luna in late Q2 2026, compared to entry-level models in the same period last year.

Over the past two years, we have undertaken a program to carry out one-time, voluntary upgrades on certain battery packs, which was completed in the fourth quarter of 2025. These upgrades provide multiple benefits — enabling a more efficient deployment of our resources than replacing battery packs, increasing each battery pack’s lifetime capacity, including extending its use in second-life mobility applications, and providing additional evidence supporting our second-life thesis. These upgrades are generating and expected to generate economic benefits in the long run; the upgrades had reduced our gross margin in prior years.

Net Loss

For the third quarter, net loss was $3.4 million, representing a decrease of $11.5 million from a net loss of $14.9 million in the same period last year. The decrease in net loss was primarily driven by a $7.7 million increase in gross profit, mainly due to a $7.7 million decrease in costs associated with battery upgrade initiatives, a favorable product mix and network-wide operational efficiencies. Additionally, operating expenses contracted by $3.0 million, reflecting lower personnel-related expenses resulting from improved organizational efficiency, as well as reduced share-based compensation. Non-IFRS net loss ¹ narrowed to $3.9 million from $6.7 million, primarily reflecting a $3.4 million favorable impact from changes in accounting estimates. We expect our quarterly net loss to remain impacted by a challenging revenue outlook, while increased investments in brand marketing, channel development and Vietnam expansion are expected to moderate further quarter-over-quarter profitability improvement.

Adjusted EBITDA

For the third quarter, Adjusted EBITDA ¹ was $19.0 million, representing a slight decrease of $1.2 million from $20.2 million in the same period last year. The decrease was primarily attributable to a $3.2 million reduction in non-IFRS gross profit ¹ (excluding depreciation and amortization). The decrease was partially offset by a $2.1 million reduction in operating expenses (excluding share-based compensation and depreciation and amortization) resulting from various cost-saving initiatives.

Liquidity

For the nine months ended September 30, 2026, operating cash inflows increased 8.8% to $27.9 million, compared with $25.7 million in the same period last year, reflecting continued benefits from organizational restructuring, improved operating efficiency, and disciplined working capital management. Our liquidity position is supported by disciplined capital allocation, operating cash flows, reduced capital expenditures following the completion of battery upgrade initiatives in Q4 2025, and the continued reduction of outstanding debt. As of September 30, 2026, we had cash and cash equivalents of $68.9 million, including the $16.7 million investment from Gold Sino. This investment was made pursuant to the equity funding commitment of up to NT$2.5 billion, previously secured by a director of Gogoro. In October 2026, we received an additional $61.8 million in equity proceeds from the second and final round of funding under this commitment. The additional capital further strengthens our liquidity position and provides additional financial flexibility to support our strategic priorities and future growth.

Updated 2026 Guidance

Given the continued challenging market conditions, we have revised our full-year 2026 revenue guidance and now expect revenue to range between $270 million and $290 million, with approximately 95% expected to come from the Taiwan market. Despite these near-term market challenges, we expect to achieve free cash flow in 2027 and profitability in 2028.

Conference Call Information

Gogoro’s management team will hold an earnings webcast on November 11, 2026, at 7:00 a.m. Eastern Time to discuss the Company’s third quarter 2026 results of operations and outlook.

Investors may access the webcast, supplemental financial information and investor presentation at Gogoro’s investor relations website ( https://investor.gogoro.com ) under the “Events” section. A replay of the investor presentation and the earnings call script will be available 24 hours after the conclusion of the webcast and archived for one year.

About Gogoro

Founded in 2011 to rethink urban energy, Gogoro is the world’s leader in battery-swapping electric mobility, setting new standards for sustainable mobility. Powering nearly 700,000 riders and over 900 million battery swaps across more than 2,700 GoStation locations, the Gogoro Network redefines how cities move. Recognized globally in 2024, including Fortune’s “Change the World,” Fast Company’s “Asia-Pacific’s Most Innovative Company,” MIT Technology Review’s “15 Climate Tech Companies to Watch,” and Frost & Sullivan’s “Global Company of the Year” for battery swapping, Gogoro continues to disrupt the status quo, accelerate the shift to cleaner and smarter mobility, and reimagine how cities move.

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Gogoro's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Gogoro's expectations, strategy, priorities, plans or intentions. Forward-looking statements in this communication include, but are not limited to, statements in the section entitled, "Updated 2026 Guidance," such as estimates regarding Gogoro's revenue in 2026 and Gogoro's ability to achieve profitability and free cash flow; Gogoro's ability to build a scalable business model that can generate sustainable financial returns and create lasting shareholder value; Gogoro's future plans and growth strategy; Gogoro's plans for, and the anticipated results of, its expansion in Vietnam; Gogoro's market opportunity in Vietnam; Gogoro's future product strategy and Gogoro's ability to innovate; Gogoro's ability to execute on its strategy; Gogoro's expectations regarding its market share; statements regarding market trends; and statements by Gogoro's chief executive officer and principal financial officer. Gogoro’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks related to Gogoro incurring operating losses historically and expecting to incur significant expenses and continuing losses; Gogoro's cash position, dependence on a director associated with its largest shareholder to procure equity financing and ability to raise additional funds; Gogoro's indebtedness, including its ability to repay, refinance or extend its borrowings and other financial obligations as they come due; future operating and financial results being subject to significant uncertainty; Gogoro's ability to achieve its revised 2026 revenue guidance, including in light of continued softness in demand in Taiwan; Gogoro's ability to achieve its non-IFRS profitability and free cash flow targets for the Gogoro Network and hardware businesses on the anticipated timelines, or at all; Gogoro's ability to grow and retain its subscriber base; Gogoro's ability to realize anticipated cost savings and efficiencies from its organizational restructuring and network optimization initiatives; Gogoro not being able to achieve market share; Gogoro not being able to execute on its strategy; challenges associated with strategic collaborations or alliances; risks related to Gogoro's expansion in Vietnam through CGM, including risks related to Gogoro's partnerships; Gogoro's failure to execute its growth strategy or manage growth effectively; Gogoro's failure to develop new products or technologies; Gogoro's failure to manage its supply chain; delays in launching the production of Gogoro's products and features; the cost, timing and results of Gogoro's planned capital expenditures and network upgrades, including the retirement of first-generation batteries and the deployment of GoStation Q; the performance and useful lives of Gogoro's battery packs, including upgraded battery packs, and the realization of the anticipated benefits of the battery upgrade program; Gogoro's exposure to fluctuations in currency exchange rates; Gogoro facing strong competition; changes to fuel economy standards or the success of alternative fuels; Gogoro's dependence on the rapid adoption of and demand for ePTWs and battery swapping services; changes in government policies, incentives and regulations affecting ePTWs and battery swapping in Taiwan, Vietnam and other markets; rapid technological change in the ePTW market; the timely release of new products by Gogoro; market acceptance of Gogoro's new products, including Gogoro Luna and the EZZY series; Gogoro's ability to protect its technology and intellectual property; risks related to maintaining and expanding Gogoro's international operations; macroeconomic factors including inflation and consumer confidence; and risks related to the Taiwan scooter market. The forward-looking statements contained in this communication are also subject to other risks and uncertainties, including those more fully described in Gogoro's filings with the Securities and Exchange Commission (“SEC”), including in Gogoro’s Form 20-F for the year ended December 31, 2025, which was filed on March 31, 2026 and in its subsequent filings with the SEC, copies of which are available on the SEC's website at www.sec.gov . The forward-looking statements in this communication are based on information available to Gogoro as of the date hereof, and Gogoro disclaims any obligation to update any forward-looking statements, except as required by law.

Condensed Consolidated Financial Statements

The condensed consolidated financial statements are unaudited and have been prepared in accordance with the International Financial Reporting Standards (collectively, “IFRS”) issued by the International Accounting Standards Board and regulations of the U.S. Securities and Exchange Commission (“SEC”) for interim financial reporting. The Company’s condensed consolidated financial statements reflect all normal adjustments that are, in our opinion, necessary to provide a fair statement of results for the interim periods and the years presented, including the accounts of the Company and entities controlled by Gogoro Inc. The audited consolidated financial statements may differ materially from the unaudited condensed consolidated financial statements. Our audited financial statements for the full year ending December 31, 2026 will be included in the Company’s Annual Report on Form 20-F for the year ending December 31, 2026. Accordingly, these condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes for the year ended December 31, 2025 included in the Company’s Annual Report on Form 20-F filed with the SEC on March 31, 2026, which provides a more complete discussion of the Company’s accounting policies and certain other information. The condensed consolidated financial statements may include selected updates, notes and disclosures if there are significant changes since the date of the most recent annual report on Form 20-F which included the audited financial statements of the Company.

Use of Non-IFRS Financial Measures

This press release and accompanying tables contain certain non-IFRS financial measures as listed below.

Foreign Exchange (“FX”) Effect on Operating Revenues. We compare the dollar amount and the percent change in the operating revenues from the current period to the same period last year using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying revenues performed excluding the effect of foreign currency rate fluctuations. To present this information, current period operating revenues for entities reporting in currencies other than USD are converted into USD at the average exchange rates from the equivalent periods last year.

Non-IFRS Gross Profit and Gross Margin. Gogoro defines non-IFRS gross profit and gross margin as gross profit and gross margin excluding share-based compensation and battery upgrade initiatives.

Non-IFRS Net Loss. Gogoro defines non-IFRS net loss as net loss excluding share-based compensation, the change in fair value of financial liabilities, battery upgrade initiatives and impairment charges. These amounts do not reflect the impact of any related tax effects.

EBITDA. Gogoro defines EBITDA as net loss excluding interest expense, net, provision for income tax (if any), depreciation, and amortization. These amounts do not reflect the impact of any related tax effects.

Adjusted EBITDA. Gogoro defines Adjusted EBITDA as EBITDA excluding share-based compensation, the change in fair value of financial liabilities, battery upgrade initiatives and impairment charges. These amounts do not reflect the impact of any related tax effects.

Free Cash Flow. Gogoro defines Free Cash Flow as net cash flows from operating activities less capital expenditures.

Share-based Compensation. Share-based compensation consists of non-cash charges related to the fair value of restricted stock units awarded to employees and stock options granted to certain directors, executives, employees and others providing similar services. We believe that the exclusion of these non-cash charges provides for more accurate comparisons of our operating results to our peer companies due to the varying available valuation methodologies, subjective assumptions and the variety of award types. In addition, we believe it is useful for investors to understand the specific impact of share-based compensation on our operating results.

Change in Fair Value of Financial Liabilities. These are non-cash mark-to-market adjustments associated with earnout shares, earn-in shares, and warrants associated with the de-SPAC in 2022. We exclude these items for purposes of calculating certain non-IFRS measures because these are driven primarily by changes in market valuation assumptions and the Company’s share price rather than our underlying operating performance. We believe that this exclusion enhances the comparability of our period-to-period operating results with those of our peers.

Battery Upgrade Initiatives. As we performed certain voluntary upgrades to our battery packs, this charge represented the (i) derecognition expense on components removed from the battery pack that were not expected to generate any future benefits upon their disposal and (ii) battery pack retrieval and other directly attributable costs incurred during the battery upgrades. We only upgraded battery packs in instances where the value created exceeds the cost of the upgrade. The program improves batteries’ capacity and extends the remaining useful life of certain battery packs. The derecognition expense and the retrieval and other costs were recorded under Cost of Revenues in the Condensed Consolidated Statements of Comprehensive Loss. We exclude such expenditures for purposes of calculating certain non-IFRS measures because these charges do not reflect how management evaluates our operating performance and may not be indicative of our core business operating results. The adjustments facilitate a useful evaluation of our operating performance and comparisons to past operating results and provide investors with additional means to evaluate our profitability trends. The battery upgrade initiatives were completed in Q4 2025.

Impairment charges. These consist of non-cash impairment charges, primarily associated with adjustments to the carrying values of certain machinery and equipment which is currently underutilized. The process of evaluating the potential impairment of long-lived assets under the accounting guidance on property, plant and equipment is subjective and requires judgment. We exclude impairment charges for purposes of calculating certain non-IFRS measures because the charges do not reflect our core operating performance. These adjustments facilitate a useful evaluation of our core operating performance and comparisons to past operating results and provide investors with additional means to evaluate expense trends.

These non-IFRS financial measures exclude, as applicable, the effect of foreign currency exchange rate fluctuations, interest expense, provision for income tax (if any), depreciation and amortization, share-based compensation, change in fair value of financial liabilities, impairment charges and battery upgrade initiatives. The Company uses these non-IFRS financial measures internally in analyzing its financial results and believes that these non-IFRS financial measures are useful to investors as an additional tool to evaluate ongoing operating results and trends. In addition, these measures are the primary indicators management uses as a basis for its planning and forecasting for future periods.

Non-IFRS financial measures are not meant to be considered in isolation or as a substitute for comparable IFRS financial measures. Non-IFRS financial measures are subject to limitations and should be read only in conjunction with the Company’s condensed consolidated financial statements prepared in accordance with IFRS. Non-IFRS financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similarly titled measures presented by other companies. Descriptions of these non-IFRS financial measures have been provided above, and reconciliations of the Company’s non-IFRS financial measures to their most directly comparable IFRS measures have been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations. Gogoro has not reconciled its forward-looking non-IFRS targets to the most directly comparable IFRS measures because it cannot do so without unreasonable efforts, given the inherent difficulty of forecasting the timing and amount of the items that would be excluded, such as capital expenditures for free cash flow; share-based compensation and fair value changes for non-IFRS profitability. These items could be significant to the comparable IFRS measures.

_______________________________
_{² Based on the deployment plan for the next 12 months, the Company classified $13.0 million and $20.0 million of undeployed battery packs and related battery cells from inventory to property, plant and equipment as of September 30, 2026 and December 31, 2025, respectively.
³ In March 2026, the Company and Castrol Holdings International Limited (“Castrol”) each contributed $2.1 million to Castrol Gogoro Mobility Joint Stock Company (“CGM”) pursuant to a shareholder loan agreement. Since the principal portion of the loan is convertible into equity of CGM when certain criteria are met, the Company classified the loan as financial assets at fair value through profit or loss in accordance with IFRS 9.
⁴ The $15.0 million put options previously classified under non-current financial liabilities at amortized cost have been reclassified to current financial liabilities, as the Company does not have an unconditional right to defer settlement for at least 12 months after the reporting date.}

_______________________________
_{⁵ On October 6, 2025, the Company effected a 1-for-20 share consolidation (reverse stock split) of its ordinary shares. The shares used in computing basic and diluted net loss per share for the three months and nine months ended September 30, 2025 have been retrospectively adjusted in accordance with IAS 33 Earnings per Share.}

_______________________________
_{⁶ In March 2026, the Company and Castrol each contributed $2.1 million to CGM pursuant to a shareholder loan agreement. Since the principal portion of the loan is convertible into equity of CGM upon satisfaction of certain criteria, the Company has classified the loan as financial assets at fair value through profit or loss in accordance with IFRS 9. In October 2026, the Company and Castrol each contributed an additional $3.0 million to CGM pursuant to a separate shareholder loan agreement, bringing the total contributions from each shareholder to $5.1 million. The Company expects the entire principal amount of both loans to be converted into equity of CGM by December 31, 2026, subject to the terms and conditions of the respective agreements.}

_______________________________
_{⁷ In March 2026, the Company issued 5,300,000 new ordinary shares to its largest shareholder, Gold Sino Assets Limited, for approximately $16.7 million.
⁸ On October 13, 2026, subsequent to the reporting period, the Company completed a new round of equity investments previously announced on October 7, 2026. Pursuant to the transaction, the Company issued and sold an aggregate of 24,936,057 ordinary shares, with a par value of US$0.002 per share, at a subscription price of US$2.48 per share, for aggregate proceeds of approximately US$61.8 million, which were received upon closing. The transaction has been recognized in equity in the fourth quarter of 2026. Accordingly, no adjustment has been made to the Company’s consolidated financial statements as of and for the three and nine months ended September 30, 2026. This transaction represents the second and final round of equity funding under Mr. Yin Chung-Yao’s NTD 2.5 billion (approximately US$80 million) funding undertaking made in September 2025. Together with the first round completed in March 2026, the undertaking has been fulfilled.}

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_{⁹ Due to an update to the 2026 and 2027 estimated turnover rates in the current quarter, we reversed some of the share-based compensation that was fully expensed in prior quarters.}

SHANGHAI, China, Nov. 11, 2026 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced that it will report its third quarter 2026 unaudited financial results after the close of the Hong Kong market and before the open of the U.S. market on November 25, 2026.

The Company’s management will host an earnings conference call at 7:00 AM U.S. Eastern Time on Wednesday, November 25, 2026 (8:00 PM Hong Kong Time on the same day).

Participants should complete online registration using the link provided below at least 15 minutes before the scheduled start time. Upon registration, participants will receive the conference call access information, including dial-in numbers, a personal PIN and an e-mail with detailed instructions to join the conference call.

Participant Online Registration:
https://register-conf.media-server.com/register/BI187659f15f91491f87dec0d5669d6596

Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://investors.gds-services.com .

About GDS Holdings Limited

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is a leading developer and operator of high-performance data centers in China. The Company’s facilities are strategically located across the key hubs where demand for high-performance data center services is concentrated. The Company’s data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancies across all critical systems. The Company is carrier and cloud-neutral, which enables its customers to access the major telecommunications networks, as well as the largest PRC and global public clouds, which are hosted in many of its facilities. The Company has a 26-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company’s customer base consists predominantly of hyperscale cloud service providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and large domestic private sector and multinational corporations. The Company also holds a minority equity interest in DayOne Data Centers Limited, an independent Singapore-headquartered hyperscale data center platform.

For investor and media inquiries, please contact:

GDS Holdings Limited
Laura Chen
Phone: +86 (21) 2029-2203
Email: [email protected]

Piacente Financial Communications
Brandi Piacente
Phone: +1 (212) 481-2050
Email: [email protected]

GDS Holdings Limited

Greenwich, CT, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Southport Acquisition Corp. II (NYSE: PORT U) (the “ Company ”) announced today that, commencing November 16, 2026, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. The Class A ordinary shares and warrants that are separated will trade on the New York Stock Exchange under the symbols “PORT” and “PORT WS,” respectively. Those units not separated will continue to trade on the New York Stock Exchange under the symbol “PORT U.”

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Southport Acquisition Corp. II

Southport Acquisition Corp. II is a blank check company, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination target in any business, industry, sector or geographical location. The Company’s management team is led by Jeb Spencer, its Chief Executive Officer and Chairman of the Board of Directors, and Griffith Gates, its President and Chief Operating Officer. Jared Stone, Matthew Hansen, David Winfield, Cathleen Schreiner-Gates, John Aslanian and Robert Katz are independent directors.

Forward-Looking Statements

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to the Company or its management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“ SEC ”). All subsequent written or oral forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact

Jeb Spencer
Chief Executive Officer
[email protected]

HONG KONG, Nov. 11, 2026 (GLOBE NEWSWIRE) -- UCLOUDLINK GROUP INC. (“UCLOUDLINK” or the “Company”) (NASDAQ: UCL), the world’s first and leading mobile data traffic sharing marketplace, today announced its unaudited financial results for the three months ended September 30, 2026.

Third Quarter 2026 Financial Highlights

• Total revenues were US$21.4 million, representing an increase of 1.1% from US$21.1 million in the third quarter of 2025.
• Total revenues across different business lines were as follows:
  • GlocalMe MeowGo business: US$17.4 million, representing a decrease of 9.9% from US$19.2 million in the third quarter of 2025.
  • GlocalMe SIM business: US$2.0 million, representing an increase of 40.3% from US$1.4 million in the third quarter of 2025.
  • GlocalMe IoT business: US$1.2 million, representing an increase of 496.5% from US$0.2 million in the third quarter of 2025.
  • GlocalMe Life business: US$0.5 million, representing an increase of 189.9% from US$0.2 million in the third quarter of 2025.
  • PetPhone business: US$0.3 million, representing an increase of 285.0% from US$0.1 million in the third quarter of 2025.
• Gross profit was US$11.1 million, representing a decrease of 2.1% from US$11.3 million in the third quarter of 2025.
• Income from operations was US$0.2 million, compared to US$9.2 million in the third quarter of 2025.
• Net loss was US$0.3 million, compared to net income of US$9.3 million in the third quarter of 2025.
• Adjusted net loss (non-GAAP) was US$0.6 million, compared to adjusted net income of US$0.7 million in the third quarter of 2025.
• Adjusted EBITDA (non-GAAP) was negative US$0.2 million, compared to positive US$1.4 million in the third quarter of 2025.

Third Quarter 2026 Operational Highlights

• Total data consumed in the third quarter through the Company’s platform was 48,804 terabytes (7,223 terabytes procured by the Company and 41,581 terabytes procured by our business partners), representing a decrease of 0.5% from 49,044 terabytes in the third quarter of 2025.
• Average daily active users (“DAU”) in the third quarter were 431,245, representing an increase of 22.4% from 352,227 in the third quarter of 2025.
  • Average DAU in the third quarter from GlocalMe IoT business was 79,199, representing an increase of 271.4% from 21,322 in the third quarter of 2025.
  • Average DAU in the third quarter from GlocalMe SIM business was 39,294, representing an increase of 142.1% from 16,231 in the third quarter of 2025.
  • Average DAU in the third quarter from GlocalMe Life business was 17,913, representing an increase of 844.3% from 1,897 in the third quarter of 2025.
  • Average DAU in the third quarter from PetPhone business was 2,557, representing an increase of 572.9% from 380 in the third quarter of 2025.
  • Average DAU in the third quarter from GlocalMe MeowGo business was 292,282, representing a decrease of 6.4% from 312,397 in the third quarter of 2025.
• Average monthly active users (“MAU”) in the third quarter were 867,935, representing an increase of 14.0% from 761,586 in the third quarter of 2025.
  • Average MAU in the third quarter from GlocalMe IoT business was 125,190, representing an increase of 241.8% from 36,622 in the third quarter of 2025.
  • Average MAU in the third quarter from GlocalMe SIM business was 130,274, representing an increase of 67.0% from 77,992 in the third quarter of 2025.
  • Average MAU in the third quarter from GlocalMe Life business was 33,252, representing an increase of 627.6% from 4,570 in the third quarter of 2025.
  • Average MAU in the third quarter from PetPhone business was 3,197, representing an increase of 499.8% from 533 in the third quarter of 2025.
  • Average MAU in the third quarter from GlocalMe MeowGo business was 576,022, representing a decrease of 10.3% from 641,869 in the third quarter of 2025.
• As a proportion of daily active terminals, 54.6% of daily active terminals were from uCloudlink 1.0 international data connectivity services and 45.4% of daily active terminals were from uCloudlink 2.0 local data connectivity services during the third quarter of 2026. Average daily data usage per terminal was 1.37 GB in September 2026.
• Average daily active terminals (“DAT”) in the third quarter were 373,034 (15,824 owned by the Company and 357,210 not owned by the Company), representing an increase of 12.1% from 332,674 in the third quarter of 2025.
  • Average DAT in the third quarter from GlocalMe IoT business was 63,521, representing an increase of 350.4% from 14,104 in the third quarter of 2025.
  • Average DAT in the third quarter from GlocalMe SIM business was 15,227, representing an increase of 41.5% from 10,758 in the third quarter of 2025.
  • Average DAT in the third quarter from GlocalMe Life business was 16,957, representing an increase of 1,083.3% from 1,433 in the third quarter of 2025.
  • Average DAT in the third quarter from PetPhone business was 523, representing an increase of 388.8% from 107 in the third quarter of 2025.
  • Average DAT in the third quarter from GlocalMe MeowGo business was 276,806, representing a decrease of 9.6% from 306,272 in the third quarter of 2025.
• Average monthly active terminals (“MAT”) in the third quarter were 804,255, representing an increase of 13.9% from 706,284 in the third quarter of 2025.
  • Average MAT in the third quarter from GlocalMe IoT business was 112,844, representing an increase of 238.1% from 33,373 in the third quarter of 2025.
  • Average MAT in the third quarter from GlocalMe SIM business was 103,836, representing an increase of 48.5% from 69,920 in the third quarter of 2025.
  • Average MAT in the third quarter from GlocalMe Life business was 32,067, representing an increase of 789.8% from 3,604 in the third quarter of 2025.
  • Average MAT in the third quarter from PetPhone business was 1,058, representing an increase of 253.8% from 299 in the third quarter of 2025.
  • Average MAT in the third quarter from GlocalMe MeowGo business was 554,450, representing a decrease of 7.5% from 599,088 in the third quarter of 2025.
• As of September 30, 2026, the Company had served 3,270 business partners in 65 countries and regions. The Company had 217 patents with 184 approved and 33 pending approval, while the pool of SIM cards was from 396 MNOs globally as of September 30, 2026.
  

Executive Commentary

Mr. Chaohui Chen, Director and Chief Executive Officer of UCLOUDLINK, commented, “As anticipated, our total revenues regained positive growth momentum on a year-over-year basis during the third quarter of 2026, landing at the high end of our guidance range. Despite macro headwinds, geopolitical tensions, rising memory chip costs, and extended component lead times, our resilient business model delivered robust growth across new business lines. Importantly, we generated positive operating cash inflow of US$1.0 million for the first time this year, further strengthening our financial foundation.”

“We strongly believe that ‘good connectivity is the foundation of artificial intelligence (AI),’ especially when reliable networks are critical for safety during turbulent periods marked by natural disasters or conflict. Driven by this vision, we achieved key commercial breakthroughs across our business during the third quarter.

In our GlocalMe MeowGo business, we capitalized on two strategic opportunities. The first was in our premium segment, where our MeowGo G50 Max with AI-powered HyperConn® technology , the world’s leading Sky-to-Ground integrated mobile connectivity hub, generated better-than-expected sales, demonstrating that demand for premium solutions remains highly resilient to macroeconomic headwinds. The second was in local connectivity markets, where our latest 4G/5G CPE solution delivered strong sales growth and deepened our penetration. Powered by the same AI-powered HyperConn® technology, which provides intelligent switching between fixed and mobile networks and real-time congestion detection, the solution delivers highly reliable connectivity for home and office environments. It reinforces our local broadband strategy and allows us to expand beyond one-time hardware sales into recurring data connectivity revenue.

Our GlocalMe IoT business delivered impressive momentum during the quarter, with revenue surging 496.5% year-over-year. This was driven by accelerating deployment of our integrated data connectivity solutions across a growing installed base of smart devices, particularly in sectors such as in-car infotainment and security cameras. As this installed base expands and data usage increases, recurring data connectivity revenue is expected to scale. We remain well positioned to capture further demand as smart hardware partners rapidly extend their international footprint.

GlocalMe SIM/eSIM business forms another key growth engine, with our OTA and eSIM solutions ranking among the top 10 products on major Chinese e-commerce platforms for key Asia-Pacific travel routes. Further demonstrating our technological strength, the eSIM Trio , co-developed with MNOs and MVNOs, leverages our hardware-based multi-IMSI capabilities to provide enhanced security and coverage for domestic and overseas use. GlocalMe Life business achieved steady MAU growth, with its key solution, UniCord Pro , gaining strong momentum.

Our PetPhone/PetPogo ecosystem continues to evolve its ‘AI-powered + Social’ model. Unlike single-function devices on the market, PetPhone operates like a mobile phone, enabling ‘anytime, anywhere’ two-way communication between pets and their owners. We launched our pet AI agent on the PetPogo app, and our next-generation PetCam , an AI-powered camera, is in the final stages of development and is set to launch in the fourth quarter. Following several quarters of significant marketing investments, PetPhone ’s consumer value proposition is now materializing and is gaining meaningful market traction. We are receiving highly positive feedback both at major offline events, such as IFA 2026, and from users and influencers across leading global social media platforms. Our distribution is expanding as well. In Europe, we have placed PetPhone in the retail network of a regional telecom operator, and in China we have been added to the centralized procurement catalogs of three major telecom operators, which facilitates SIM issuance and helps build our partner ecosystem.”

“Looking ahead, our focus will be on executing our strategic priorities to drive sustainable growth. We will continue to invest in R&D and marketing to scale our key business lines, while maintaining disciplined operational management to improve operating leverage. The share repurchase program announced in the third quarter reflects management’s confidence in our long-term fundamentals. We believe our solid execution and continued innovation will position us well to deliver long-term value to our shareholders.”

Third Quarter 2026 Financial Results

Revenues

Total revenues were US$21.4 million, representing an increase of 1.1% from US$21.1 million in the same period of 2025.

• Revenues from services were US$16.0 million, representing a decrease of 6.1% from US$17.0 million in the same period of 2025. The decrease was primarily due to a decrease in revenues from international data connectivity services.
  • Revenues from data connectivity services were US$13.0 million, representing a decrease of 4.8% from US$13.6 million in the same period of 2025. The decrease was primarily due to a decrease in revenues from international data connectivity services to US$10.4 million in the third quarter of 2026 from US$11.9 million in the same period of 2025, reflecting softer outbound travel demand from China amid macroeconomic headwinds and geopolitical uncertainties, which was partially offset by an increase in revenues from local data connectivity services to US$2.6 million in the third quarter of 2026 from US$1.7 million in the same period of 2025, which was primarily driven by the expansion of GlocalMe IoT business.
  • Revenues from PaaS and SaaS services were US$2.5 million, representing a decrease of 14.6% from US$3.0 million in the same period of 2025.
• Revenues from sales of products were US$5.4 million, representing an increase of 30.8% from US$4.1 million in the same period of 2025. The increase was primarily attributable to an increase of US$0.9 million in sales of terminals and an increase of US$0.4 million in sales of other products.
• Geographic Distribution
  
  During the third quarter of 2026, as a percentage of our total revenues, mainland China contributed 33.7%, Japan contributed 32.1%, North America contributed 12.3%, and other countries and regions contributed the remaining 21.9%, compared to 35.1%, 33.2%, 15.4% and 16.3%, respectively, in the same period of 2025.

Cost of Revenues

Cost of revenues was US$10.3 million, representing an increase of 4.8% from US$9.8 million in the same period of 2025. The increase was primarily due to an increase of US$1.5 million in cost of products sold, which was partially offset by a decrease of US$1.0 million in cost of services.

• Cost of services was US$6.4 million, representing a decrease of 14.1% from US$7.4 million in the same period of 2025, which was in line with the decrease of revenues from services.
• Cost of products sold was US$3.9 million, representing an increase of 62.4% from US$2.4 million in the same period of 2025. The increase was primarily attributable to product mix and higher component costs, particularly memory chips.

Gross Profit

Overall gross profit was US$11.1 million, compared to US$11.3 million in the same period of 2025. Overall gross margin was 51.8% in the third quarter of 2026, compared to 53.6% in the same period of 2025.

Gross profit on services was US$9.6 million, compared to US$9.6 million in the same period of 2025. Gross margin on services was 60.3% in the third quarter of 2026, compared to 56.6% in the same period of 2025.

Gross profit on sales of products was US$1.5 million, compared to US$1.7 million in the same period of 2025. Gross margin on sales of products was 26.8% in the third quarter of 2026, compared to 41.0% in the same period of 2025.

Operating Expenses

Total operating expenses were US$11.6 million, compared to US$11.2 million in the same period of 2025.

• Research and development expenses were US$1.9 million, representing an increase of 26.9% from US$1.5 million in the same period of 2025, primarily due to an increase of US$0.4 million in staff costs.
• Sales and marketing expenses were US$7.0 million, representing an increase of 4.8% from US$6.7 million in the same period of 2025, primarily due to an increase of US$0.6 million in promotion fees, which was partially offset by a decrease of US$0.4 million in service fees.
• General and administrative expenses were US$2.7 million, representing a decrease of 10.8% from US$3.0 million in the same period of 2025, primarily attributable to a decrease of US$0.2 million in staff costs, and a decrease of US$0.1 million in share-based compensation expenses.
  

Income from Operations

Income from operations was US$0.2 million, compared to US$9.2 million in the same period of 2025, which reflected an US$8.7 million fair value gain recognized on other investments.

Net Interest Expenses

Net interest expenses were US$0.1 million, compared to US$0.01 million in the same period of 2025.

Net (Loss)/Income

Net loss was US$0.3 million, compared to net income of US$9.3 million in the same period of 2025.

Adjusted Net (Loss)/Income (Non-GAAP)

Adjusted net loss, which excludes the impact of share-based compensation, fair value gain/loss in other investments and share of profit/loss in equity method investment, net of tax, was US$0.6 million, compared to adjusted net income of US$0.7 million in the same period of 2025.

Adjusted EBITDA (Non-GAAP)

Adjusted EBITDA, which excludes the impact of share-based compensation, fair value gain/loss in other investments, share of profit/loss in equity method investment, net of tax, interest expenses, income tax expenses, and depreciation and amortization, was negative US$0.2 million, compared to positive US$1.4 million in the same period of 2025.

Basic and Diluted (Loss)/Earnings per ADS

Basic and diluted loss per ADS attributable to ordinary shareholders were US$0.01 in the third quarter of 2026, compared to basic and diluted earnings per ADS of US$0.24 in the same period of 2025.

Cash and Cash Equivalents

As of September 30, 2026, the Company had cash and cash equivalents of US$26.5 million, compared to US$25.2 million as of June 30, 2026. The increase was primarily attributable to US$1.7 million in proceeds from the sale of our entire equity interest in Beijing Huaxianglianxin Technology Company, the net inflow of US$1.0 million from operations, and net proceeds of US$1.5 million from bank borrowings, which were partially offset by a repayment of US$3.0 million in bank borrowings.

Capital Expenditures (“CAPEX”)

CAPEX was US$0.1 million, compared to US$0.5 million in the same period of 2025.

Business Outlook

For the fourth quarter of 2026, UCLOUDLINK expects total revenues to be between US$22.5 million and US$25.5 million, representing an increase of 1.8% to 15.4% compared to the same period of 2025.

The Company currently expects total revenues for the full year of 2026 to be in the range of US$79.0 million to US$ 82.0 million, narrowing the previously announced range of US$75.0 million to US$85.0 million.

The estimates above constitute forward-looking information and are based on the Company’s current expectations and assumptions of market and operating conditions and customer demand. These estimates are therefore subject to risks and uncertainties, including possible adjustments to preliminary financial results, and are not guarantees of future performance and may differ materially from actual results.

Non-GAAP Financial Measures

To supplement the financial measures prepared in accordance with generally accepted accounting principles in the United States, or GAAP, this press release presents, adjusted net income/(loss) and adjusted EBITDA, as supplemental measures to review and assess the Company’s operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. Adjusted net income/(loss) is defined as net income/(loss) excluding share-based compensation, fair value gain/loss in other investments and share of profit/loss in equity method investment, net of tax. Adjusted EBITDA is defined as net income/(loss) excluding share-based compensation, fair value gain/loss in other investments, share of profit/loss in equity method investment, net of tax, interest expense, income tax expenses and depreciation and amortization.

The Company believes that adjusted net income/(loss) and adjusted EBITDA help identify underlying trends in its business that could otherwise be distorted by the effect of certain expenses that are included in income/(loss) from operations and net income/(loss). The Company believes that adjusted net income/(loss) and adjusted EBITDA provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.

The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. The non- GAAP financial measures have limitations as analytical tools. One of the key limitations of using adjusted net income/(loss) and adjusted EBITDA is that they do not reflect all items of income and expense that affect the Company’s operations. Share-based compensation, fair value gain/loss in other investments and share of profit/loss in equity method investment, net of tax, have been and may continue to be incurred in the Company’s business and is not reflected in the presentation of adjusted net income/(loss). Further, the non-GAAP financial measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.

The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measures, all of which should be considered when evaluating its performance. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.

Reconciliation of each of these non-GAAP financial measures to the most directly comparable GAAP financial measure is set forth at the end of this release.

Conference Call

The Company will host a conference call to discuss its financial results at 8:30 a.m. U.S. Eastern Time on Wednesday, November 11, 2026 (9:30 p.m. Hong Kong Time on the same day).

Listeners may access the call by dialing:

Participants should dial in at least 10 minutes before the scheduled start time and ask to be connected to the call for “UCLOUDLINK GROUP INC.”

Additionally, a live and archived webcast of the conference call will be available at https://ir.ucloudlink.com.

A telephone replay will be available one hour after the end of the conference until November 18, 2026 by dialing:

About UCLOUDLINK GROUP INC.

UCLOUDLINK is the world’s first and leading mobile data traffic sharing marketplace, pioneering the sharing economy business model for the telecommunications industry. The Company’s products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs). Leveraging its innovative cloud SIM technology and architecture, the Company has redefined the mobile data connectivity experience by allowing users to gain access to mobile data traffic allowance shared by network operators on its marketplace, while providing reliable connectivity, high speeds and competitive pricing.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the financial guidance and quotations from management in this announcement, as well as UCLOUDLINK’s strategic and operational plans, contain forward-looking statements. UCLOUDLINK may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about UCLOUDLINK’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: UCLOUDLINK’s strategies; UCLOUDLINK’s future business development, financial condition and results of operations; UCLOUDLINK’s ability to increase its user base and usage of its mobile data connectivity services, and improve operational efficiency; competition in the global mobile data connectivity service industry; changes in UCLOUDLINK’s revenues, costs or expenditures; governmental policies and regulations relating to the global mobile data connectivity service industry, general economic and business conditions globally and in China; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and UCLOUDLINK undertakes no duty to update such information, except as required under applicable law.

For more information, please contact:

AMSTERDAM and PHILADELPHIA, Nov. 11, 2026 (GLOBE NEWSWIRE) -- Akzo Nobel N.V. (AKZA; AKZOY) (“AkzoNobel”) and Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”) are considering the UK Competition and Markets Authority’s (“CMA”) Phase 1 decision regarding their proposed merger. The CMA’s assessment identifies competition concerns solely relating to the supply of vehicle refinish (“VR”) coatings in the UK. AkzoNobel and Axalta aim to address this with the same remedy proposal as included in the decision by the European Commission.

AkzoNobel and Axalta have already agreed with the European Commission on a targeted package of undertakings involving the divestment of AkzoNobel’s European VR coatings business, including its UK business. The companies will continue to engage constructively with both the European Commission and the CMA on this remedy package. AkzoNobel and Axalta remain confident that the merger will be completed by early 2027.

The combination will bring together two leading coatings companies with complementary portfolios, technologies and brands, creating a global coatings company with approximately $17 billion in revenue and a broad portfolio across Powder Coatings, Aerospace Coatings, Refinish, Mobility, Marine and Protective Coatings, Industrial Coatings and Decorative Coatings.

About AkzoNobel
Since 1792, we’ve been supplying the innovative paints and coatings that help to color people’s lives and protect what matters most. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and use our expertise to sustain and enhance everyday life. Because we believe every surface is an opportunity. It’s what you’d expect from a pioneering and long-established paints company that’s dedicated to providing more sustainable solutions and preserving the best of what we have today – while creating an even better tomorrow. Let’s paint the future together.

About Axalta
Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 140 countries better every day with the finest coatings, application systems and technology. For more information visit axalta.com and follow us on LinkedIn .

Important Information Regarding the Proposed Axalta Transaction

General Restrictions

This communication is not for release, publication, or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication, or distribution would be unlawful.

This communication is not a prospectus and the information in this communication is not intended to be complete. This communication is for informational purposes only and is not intended to be and shall not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any securities, or an invitation or recommendation to subscribe for, acquire or buy securities of AkzoNobel or Axalta or any other financial products or securities, in any place or jurisdiction, nor shall there be any offer, solicitation or 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 Section 10 of the U.S. Securities Act of 1933, as amended (the “Securities Act”). Any decision to purchase, subscribe for, otherwise acquire, sell or otherwise dispose of any securities must be made only on the basis of the information contained in and incorporated by reference into the prospectus with respect to the shares to be allotted by AkzoNobel in the proposed transaction, which was published on June 24, 2026. The distribution of this communication may, in some countries, be restricted by law or regulation. Accordingly, persons who come into possession of this document should inform themselves of and observe these restrictions. To the fullest extent permitted by applicable law, AkzoNobel and Axalta disclaim any responsibility or liability for the violation of any such restrictions by any person. Neither AkzoNobel, nor Axalta, nor any of their advisors assume any responsibility for any violation by any person of any of these restrictions. Shareholders of AkzoNobel and Axalta, respectively, with any doubt as to their position should consult an appropriate professional advisor without delay.

This communication is addressed to and directed only at (i) persons who are outside the United Kingdom, (ii) persons having professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”), (iii) persons falling within Article 49(2)(a) to (d) of the Order, or (iv) persons to whom it may otherwise lawfully be communicated pursuant to the Order (all such persons together being referred to as, “Relevant Persons”). This communication is directed only at Relevant Persons and persons who are not Relevant Persons should not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Solicitations resulting from this communication will only be responded to if the person concerned is a Relevant Person.

Additional Information and Where to Find It

In connection with the proposed transaction between AkzoNobel and Axalta, AkzoNobel filed with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form F-4 on May 27, 2026, as amended on June 18, 2026, which included a proxy statement of Axalta that also constitutes a prospectus with respect to the shares to be offered by AkzoNobel in the proposed transaction. The registration statement was declared effective by the SEC on June 23, 2026. In connection with the proposed transaction, on June 24, 2026, Axalta filed with the SEC a definitive proxy statement and, on or about June 24, 2026, Axalta commenced mailing the definitive proxy statement to its holders of record as of June 11, 2026. On August 5, 2026, shareholders at the Extraordinary General Meeting of AkzoNobel and Special General Meeting of Axalta, respectively, voted in favor of all resolutions related to the proposed transaction. Each of AkzoNobel and Axalta will also file other relevant documents in connection with the proposed transaction. This communication is not a substitute for any registration statement, proxy statement/prospectus or other documents AkzoNobel and/or Axalta may file with the SEC or any other competent regulator in connection with the proposed transaction. This communication does not contain all the information that should be considered concerning the proposed transaction and is not intended to form the basis of any investment decision or any other decision in respect of the proposed transaction. BEFORE MAKING ANY INVESTMENT DECISIONS, INVESTORS, STOCKHOLDERS AND SHAREHOLDERS OF AKZONOBEL AND AXALTA ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT/PROSPECTUS, AS APPLICABLE, AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, IN CONNECTION WITH THE PROPOSED TRANSACTION WHEN THEY BECOME AVAILABLE, AS THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT AKZONOBEL, AXALTA, THE PROPOSED TRANSACTION AND RELATED MATTERS. The registration statement and proxy statement/prospectus and other relevant documents filed by AkzoNobel and Axalta with the SEC are available free of charge at the SEC’s website at www.sec.gov . In addition, investors and shareholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC from Axalta’s investor relations webpage at https://ir.axalta.com/sec-filings/all-sec-filings or from AkzoNobel’s investor relations webpage at https://www.akzonobel.com/en/investors/all-sec-filings . The contents of this communication should not be construed as financial, legal, business, investment, tax or other professional advice. Each recipient should consult with its own professional advisors for any such matter and advice.

Cautionary Statement Concerning Forward-Looking Statements

This communication contains forward-looking statements as that term is defined in Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, regarding, among other things, statements about management’s expectations of AkzoNobel’s and Axalta’s future operating and financial performance, product development, market position, and business strategy. Such forward-looking statements can sometimes be identified by the use of forward-looking terms such as “believes,” “expects,” “may,” “will,” “shall,” “should,” “would,” “could,” “potential,” “seeks,” “aims,” “projects,” “predicts,” “is optimistic,” “intends,” “plans,” “estimates,” “targets,” “anticipates,” “continues” or other comparable terms or negatives of these terms, but not all forward-looking statements include such identifying words. You are cautioned not to rely on these forward-looking statements. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. We can give no assurance that such plans, estimates or expectations will be achieved and therefore, actual results may differ materially from any plans, estimates or expectations in such forward-looking statements. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include: a condition to the closing of the proposed transaction may not be satisfied; the occurrence of any event that can give rise to termination of the proposed transaction; a regulatory approval that may be required for the proposed transaction is delayed, is not obtained or is obtained subject to conditions that are not anticipated; AkzoNobel and Axalta are unable to achieve the synergies and value creation contemplated by the proposed transaction; AkzoNobel and Axalta are unable to promptly and effectively integrate their businesses; management’s time and attention is diverted on transaction related issues; the possibility that competing offers or acquisition proposals may be made; disruption from the proposed transaction makes it more difficult to maintain business, contractual and operational relationships; the credit ratings of AkzoNobel or Axalta decline following the proposed transaction; legal proceedings are instituted against AkzoNobel or Axalta, including resulting expense or delay; AkzoNobel or Axalta is unable to retain or hire key personnel; the communication or the consummation of the proposed acquisition has a negative effect on the market price of the capital stock of AkzoNobel or Axalta or on AkzoNobel’s or Axalta’s operating results; evolving legal, regulatory and tax regimes; changes in economic, financial, political and regulatory conditions, in the Netherlands, the United States and elsewhere, and other factors that contribute to uncertainty and volatility, natural and man-made disasters, civil unrest, pandemics (e.g., the coronavirus (COVID-19) pandemic), geopolitical uncertainty, and conditions that may result from legislative, regulatory, trade and policy changes associated with the current or subsequent United States or Netherlands administration; the ability of AkzoNobel or Axalta to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, pandemic, security breach, cyber-attack, power loss, telecommunications failure or other natural or man-made event, including the ability to function remotely during long-term disruptions; the impact of public health crises, such as pandemics and epidemics and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets, including any quarantine, “shelter in place,” “stay at home,” workforce reduction, social distancing, shut down or similar actions and policies; actions by third parties, including government agencies; the risk that disruptions from the proposed transaction will harm AkzoNobel’s or Axalta’s business, including current plans and operations and/or divert management’s attention from AkzoNobel’s or Axalta’s ongoing business operations; certain restrictions during the pendency of the acquisition that may impact AkzoNobel’s or Axalta’s ability to pursue certain business opportunities or strategic transactions; AkzoNobel’s or Axalta’s ability to meet expectations regarding the accounting and tax treatments of the proposed transaction; the risks and uncertainties discussed in AkzoNobel’s latest annual report as filed with the AFM, the Dutch trade register and on its website at https://www.akzonobel.com/en/investors/results-center ; and the risks and uncertainties discussed in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections in Axalta’s reports filed with the SEC. These risks, as well as other risks associated with the proposed transaction, are more fully discussed in the proxy statement/prospectus. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. We caution you not to place undue reliance on any of these forward-looking statements as they are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of new markets or market segments in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Except as required by law, neither AkzoNobel nor Axalta assumes any obligation to update or revise the information contained herein, which speaks only as of the date hereof.

Non-GAAP and Non-IFRS Financial Measures

This communication contains certain non-GAAP financial measures and/or non-IFRS financial measures that AkzoNobel and Axalta believe are helpful in understanding the anticipated strategic and financial benefits of the proposed transaction. AkzoNobel’s and Axalta’s management regularly use a variety of financial measures that are not in accordance with GAAP or IFRS for forecasting, budgeting and measuring financial performance. The non-GAAP financial measures and/or non-IFRS financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP or IFRS measures. While AkzoNobel and Axalta believe that these non-GAAP financial measures and/or non-IFRS financial measures provide meaningful information to help shareholders understand the anticipated strategic and financial benefits of the proposed transaction, there are limitations associated with the use of these non-GAAP financial measures and/or non-IFRS financial measures. These non-GAAP financial measures and/or non-IFRS financial measures are not prepared in accordance with GAAP or IFRS, are not reported by all of AkzoNobel’s or Axalta’s competitors and may not be directly comparable to similarly titled measures of AkzoNobel’s or Axalta’s competitors due to potential differences in the exact method of calculation.

GXO extends longstanding collaboration to support ASOS' growth and deliver exceptional customer experiences

LONDON, Nov. 11, 2026 (GLOBE NEWSWIRE) -- GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, today announced a new nine-year contract renewal with ASOS, one of the leading global online fashion destinations, extending a successful partnership that began in 2013.

Over the past 13 years, GXO has worked closely with ASOS to support the retailer's evolving business needs through a combination of operational expertise, service excellence, continuous improvement and technology-enabled innovation at its highly automated logistics hub in Barnsley. Throughout the partnership, GXO has helped optimise one of the UK's most advanced e-commerce fulfilment operations, supporting ASOS as customer expectations and market demands have evolved.

The renewed agreement, which covers warehouse fulfilment and transportation services, showcases GXO's ability to deliver innovation over the long-term and to provide high levels of service to over 16 million ASOS customers every year.

"Our partnership with ASOS is built on a shared commitment to delivering outstanding service and value,” said Russell Atkinson, Managing Director of Fashion, GXO UK&I. “For more than a decade we've worked together to support millions of customer orders through a highly efficient, resilient and increasingly technology-enabled operation. Over the course of our partnership, we've been on a continuous improvement journey, helping to evolve one of the UK's most advanced e-commerce fulfilment operations. By combining the expertise of our colleagues with technology and automation, we've continued to adapt to changing customer expectations and support ASOS' growth. This renewal is a testament to the strength of our relationship and the dedication of our teams, and we're excited to continue building on that success over the next nine years."

The partnership has evolved alongside the rapidly changing e-commerce market, with GXO supporting ASOS to meet evolving customer expectations through continuous operational and technology improvements, while maintaining a strong and consistent operation. Over the last 5 years, GXO has introduced new ways of working that enabled ASOS to extend customer order cut-off times to 11pm, giving shoppers even more time to place their orders and greater flexibility over when they shop.

The renewed partnership will see GXO continue to support ASOS in delivering the fast, reliable service its customers expect. Together, GXO and ASOS will continue to explore new ways to enhance the shopping experience, helping customers receive the convenience, choice and dependable service they value.

Jonny O’Hara, Logistics Director ASOS said: “Our ambition at ASOS is to be The Stylist for our customers, bringing the latest trends and exciting brands through curated, personalised experiences that help customers put together outfits with confidence. Delivering that experience relies on strong, flexible and reliable operations, and GXO, as leaders in the industry, have been a trusted partner for more than 13 years. As we extend our partnership for the years ahead, this renewal will support our growth while helping us continue to deliver the excellent service our customers expect.”

Cllr William Brown, Leader of Barnsley Council, said: "This is fantastic news for Barnsley and a real vote of confidence in our borough. ASOS and GXO are among South Yorkshire's biggest employers, supporting more than 3,200 jobs and making a huge contribution to our local economy.

“In addition to the local jobs they provide, ASOS and GXO have been valued partners in our wider ambitions for inclusive economic growth. They have supported initiatives including Base71 Barnsley Youth Zone and Pathways to Work, which is helping create opportunities for people right across the borough.

“As a Grimethorpe councillor I know this really matters to local people, not least of course to those who work for ASOS and GXO and their families. I'm delighted to see the company's long-term commitment to Barnsley and look forward to continuing to work together for the benefit of our communities."

The operation employs approximately 3,200 colleagues, making it a major local employer in the Barnsley area. The site has been recognised for its commitment to health, safety and colleague wellbeing and has held a Royal Society for the Prevention of Accidents (RoSPA) Gold Award for Health and Safety consistently each year since 2016.

About GXO

GXO Logistics, Inc. (NYSE: GXO) is the world’s largest pure-play contract logistics provider and is positioned to capitalize on the rapid growth of ecommerce, automation and outsourcing. GXO has more than 150,000 team members across more than 1,000 facilities totaling more than 200 million square feet. The company serves the world’s leading blue-chip companies to solve complex logistics challenges with technologically advanced supply chain and ecommerce solutions, at scale and with speed. GXO corporate headquarters is in Greenwich, Connecticut. Visit GXO.com for more information and connect with GXO on LinkedIn , X , Facebook , Instagram and YouTube .

Media contacts

Jack Woodhead
+44(0)7929104482
[email protected]

Chris Walton
+44(0)7971 840874
[email protected]

Attachment

• GXO and ASOS Extend Strategic Partnership to 2034

MALVERN, Pa., Nov. 10, 2026 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM) (the “Company”) today announced the pricing of its previously announced underwritten public offering of its common stock, comprised of 18,750,000 shares of common stock at a public offering price of $1.60 per share. The gross proceeds to the Company from this offering are expected to be approximately $30 million, before deducting underwriting discounts and commissions and other offering expenses payable by the Company.

The Company also granted the underwriters a 30-day option to purchase up to an additional 2,812,500 shares of common stock at the public offering price per share, less underwriting discounts and commissions. All of the shares in the offering are being sold by the Company. The Company intends to use a portion of the net proceeds from this offering to repay a portion of the outstanding term loan under the Company’s Credit Agreement and Guaranty, as amended, with Perceptive Credit Holdings IV, LP (the “Credit Facility”), and for general corporate purposes, including but not limited to sales and marketing, research and development activities, financing of potential acquisitions or establishment of healthcare practices, purchases of inventory, general and administrative matters, working capital and capital expenditures. The offering is expected to close on or about November 12, 2026, subject to the satisfaction of customary closing conditions.

As previously disclosed, on November 5, 2026, the Company entered into an Amendment No. 6 to the Credit Facility (the “Perceptive Sixth Amendment”), which amends the Credit Facility to, among other things, reduce certain revenue covenants, subject to certain conditions precedent, including, among other things, a prepayment of no less than $15,000,000, together with accrued but unpaid interest and the applicable early prepayment fee, plus the applicable amendment fee and payment of the lender parties’ other costs and expenses. If such conditions are not satisfied or waived on or before November 30, 2026, the Perceptive Sixth Amendment will automatically terminate. The Company anticipates that, if the conditions precedent in the Perceptive Sixth Amendment are satisfied, the reduction of those revenue covenants will resolve the going concern risk referenced in the Company’s recent Form 10-Q filings.

William Blair is acting as the lead bookrunning manager for the offering. BTIG and Canaccord Genuity are acting as additional bookrunners for the offering.

A shelf registration statement relating to the common stock being sold in this offering was previously filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 3, 2025, and was declared effective on July 18, 2025. The offering is being made only by means of a prospectus supplement and the accompanying prospectus that form part of the registration statement. A preliminary prospectus supplement relating to and describing the terms of the offering and accompanying prospectus has been filed with the SEC and is available on the SEC’s website located at http://www.sec.gov. A final prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC. When available, copies of the final prospectus supplement and accompanying prospectus can be obtained from William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606, by telephone at (800) 621-0687, or by email at [email protected]. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

About Neuronetics

Neuronetics, Inc. is a leader in interventional mental health, combining innovative treatment technologies with direct patient care. Through its NeuroStar Advanced Therapy System, the Company is a leading provider of transcranial magnetic stimulation (“TMS”) treatment and, through Greenbrook TMS Inc. (“Greenbrook”), operates one of the largest interventional psychiatry clinic networks in the United States, offering both TMS and SPRAVATO® therapies. NeuroStar Advanced Therapy is a non-drug, noninvasive treatment that can improve the quality of life for people suffering from neurohealth conditions when traditional medication has not helped. NeuroStar Advanced Therapy is the leading TMS treatment for major depressive disorder (“MDD”) in adults and is backed by what we believe is the largest clinical data set of any TMS treatment system for depression. Greenbrook treatment centers also offer SPRAVATO (esketamine) nasal spray, a prescription medicine indicated for the treatment of treatment-resistant depression (“TRD”) in adults as monotherapy or in conjunction with an oral antidepressant. It is also indicated for depressive symptoms in adults with MDD with acute suicidal ideation or behavior in conjunction with an oral antidepressant. ¹

The NeuroStar Advanced Therapy System is cleared by the U.S. Food and Drug Administration for adults with MDD, as an adjunct for adults with obsessive-compulsive disorder, to decrease anxiety symptoms in adult patients with MDD that may exhibit comorbid anxiety symptoms (anxious depression), and as a first line adjunct for the treatment of MDD in adolescent patients aged 15-21. For safety information and indications for use, visit NeuroStar.com.

Safe Harbor / Forward-Looking Statements

Certain statements in this press release include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created by those laws and other applicable laws and “forward-looking information” within the meaning of applicable Canadian securities laws. Statements in this press release that are not historical facts constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terms such as “may,” “will,” “would,” “should,” “expect,” “plan,” “design,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” “outlook” or “continue” as well as the negative of these terms and similar expressions. Forward-looking statements in this press release include, but are not limited to, statements regarding the filing of the final prospectus supplement and the accompanying prospectus relating to the offering, anticipated closing of the offering, the gross proceeds, the intended use of proceeds, including the prepayment of a portion of the outstanding term loan under the Credit Facility with Perceptive Credit Holdings IV, LP, the satisfaction of the conditions precedent to the effectiveness of the Perceptive Sixth Amendment, and the completion of the offering on the anticipated terms or at all. There can be no assurance that this offering will close or that the Company will receive the net proceeds therefrom. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those projected, including the anticipated timing of the offering, market conditions and satisfaction of customary closing conditions for the offering and our ability to satisfy the conditions precedent to the Perceptive Sixth Amendment on or before November 30, 2026. Other risks and uncertainties include, without limitation, risks and uncertainties related to: the effect of the transaction with Greenbrook on our business relationships; operating results and business generally; our ability to execute our business strategy; our ability to achieve or sustain profitable operations due to our history of losses; our reliance on the sale and usage of our NeuroStar Advanced Therapy System to generate revenues; the scale and efficacy of our salesforce; our ability to retain talent; availability of coverage and reimbursement from third-party payors for treatments using our products; physician and patient demand for treatments using our products and services; developments in respect of competing technologies and therapies for the indications that our products and services treat; product defects; our ability to obtain and maintain intellectual property protection for our technology; developments in clinical trials or regulatory review of the NeuroStar Advanced Therapy System for additional indications; developments in regulation in the U.S. and other applicable jurisdictions; potential effects of evolving and/or extensive government regulation; the terms of our credit facility; our self-sustainability; existing cash balance; our ability to achieve positive cash flows; and our ability to continue as a going concern. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this press release. For a discussion of these and other related risks, please refer to the Company’s recent filings with the U.S. Securities and Exchange Commission (the “SEC”), which are available on the SEC’s website at www.sec.gov, including, without limitation, the factors described under the heading “Risk Factors” in Neuronetics’ Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, as may be updated or supplemented by subsequent reports that Neuronetics has filed or files with the SEC. These forward-looking statements are based on the Company’s expectations and assumptions as of the date of this press release. Except as required by law, the Company undertakes no duty or obligation to update any forward-looking statements contained in this press release as a result of new information, future events, or changes in the Company’s expectations.

Investor Contact:

Mark Klausner
ICR Healthcare
443-213-0499
[email protected]

Media Contact:

EvolveMKD
646-517-4220
[email protected]

CAMBRIDGE, Mass., Nov. 10, 2026 (GLOBE NEWSWIRE) -- Prime Medicine, Inc. (Nasdaq: PRME), a biotechnology company committed to delivering a new class of differentiated one-time curative genetic therapies, today announced the pricing of an underwritten public offering of 35,714,286 shares of its common stock at a public offering price of $3.50 per share. Prime Medicine has also granted the underwriters a 30-day option to purchase up to an additional 5,357,142 shares of its common stock. The gross proceeds to Prime Medicine from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be approximately $125.0 million, excluding any exercise of the underwriters’ option to purchase additional shares. All of the shares of common stock in the offering are to be sold by Prime Medicine. The offering is expected to close on or about November 12, 2026, subject to the satisfaction of customary closing conditions.