Recent Articles from Business Wire

Dryad Networks, a global leader in ultra-early wildfire detection technology, today announced the launch and immediate availability of the Gen-4-Pro Silvanet Wildfire Sensor, the fourth generation of its industry-leading Silvanet solution. The new Gen-4-Pro sensor introduces significant advancements in detection capability, energy autonomy, and connectivity—further strengthening Dryad’s mission to protect forests, infrastructure, and communities from the growing threat of wildfires.

Pelagos Insurance Capital Limited (“Pelagos Insurance Capital” or the “Company”), formerly Fidelis Insurance Holdings Limited (NYSE:FIHL), an expert capital allocator and risk selector in specialty insurance and reinsurance, announced today that following shareholder approval at its Annual General Meeting on April 28, 2026, the Company has rebranded as Pelagos Insurance Capital. The legal name change is effective as of May 11, 2026, and the Company’s ticker symbol is expected to change from “FIHL” to “PLGO” on the New York Stock Exchange effective May 12, 2026.

Nuclera, the biotechnology company enabling rapid access to high-quality proteins, today announced the launch of its antibody screening service to streamline the transition from antibody hit generation to lead selection. The service will support researchers seeking to identify the most promising antibody candidates to progress to costly mammalian expression and functional testing, addressing a key bottleneck in AI-driven antibody discovery. The launch follows the Company’s Series C extension1, enabling the integration of antibody expression and binding validation to support antibody discovery workflows.

Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest polyolefins producer in the Americas and global leader in the production of biopolymers on an industrial scale announces today that Braskem Trading & Shipping (BT&S) has reached a major milestone in its fleet modernization and sustainability journey with the naming of Beautiful Future and Blooming Future, next‑generation chemical and product oil tankers designed to move essential raw materials more efficiently and with a significantly lower environmental footprint. Both vessels were formally named at a ceremony in China on May 8.

Navan (NASDAQ: NAVN), the global AI-powered business travel and expense platform, today announced it has been selected by Kiabi, the French multinational fashion retailer, to consolidate its global travel with one unified platform.

H.U. Group Holdings Inc. and its wholly owned subsidiary Fujirebio today announced that Fujirebio Europe N.V. has obtained a CE certificate of the Lumipulse G pTau 217 Plasma assay under the Regulation (EU) 2017/746 on in vitro diagnostic medical devices (IVDR). This CLEIA (chemiluminescent enzyme immunoassay) test allows for the quantitative measurement of Tau phosphorylated at threonine 217 (pTau 217) in human plasma (K2EDTA).

Daiichi Sankyo (TSE: 4568) today revealed its next Five-Year Business Plan (FY2026 - FY2030) that outlines how the company plans to deliver more than 2.3 trillion yen in oncology revenue by 2030 and be a global top five oncology company by 2035 as part of its larger 2035 Vision to be recognized as a “trusted healthcare innovator transforming the lives of people through science and technology.”

Proton therapy is entering the LINAC vault. At ESTRO 2026, Mevion Medical Systems will introduce the MEVION S250-FIT Proton Therapy System to the European radiation oncology community, the first proton therapy system designed for installation in a standard radiation therapy vault.

AM Best has maintained its stable outlook on Italy's non-life insurance segment and expects gross written premium (GWP) in the segment to continue on a steady growth trend during 2026 across all lines of business, although at a slower pace than in recent years.

Almirall, S.A. (ALM), a global pharmaceutical company dedicated to medical dermatology, today announced its financial results for the first quarter of 2026. Almirall continued to deliver on the company’s growth trajectory in line with expectations and the long-term strategy, led by 19.3% YoY growth of its European Dermatology business to €166.3 MM.

Business Updates section, the first bullet of release dated April 23, 2026, at 10:04 p.m. PT/April 24, 2026, at 1:04 a.m. ET should read: In October 2025, Samsung Bioepis entered into a private label partnership with Cordavis for OSPOMYV™ (denosumab-dssb), a biosimilar to Prolia1.

Seadrill Limited (“Seadrill” or the “Company”) (NYSE: SDRL) today announced its first quarter 2026 results.

RIIG Technology, Inc. (DBA HOOTL™), an AI-first technology and cybersecurity firm focused on secure, scalable automation in regulated environments, today announced the establishment of RIIG Global Risk Management LLC, a Dubai-based strategic joint venture formed with a local partner.

Cameco (TSX: CCO; NYSE: CCJ) today provided an operational update for our northern Saskatchewan sites amidst flooding in the region, which is impacting roadways.

Napleton Automotive Group dealerships ranked highest for the fifth straight year in the 2026 Pied Piper PSI® Internet Lead Effectiveness® (ILE®) Auto Dealer Group Study, which compared the response behaviors of 31 large auto dealer groups when receiving sales leads through their dealership websites. Following Napleton were Berkshire Hathaway Automotive, Jeff Wyler Automotive Family, MileOne Autogroup, and LaFontaine Automotive Group.

India-based Vedanta Limited (BSE: 500295 & NSE: VEDL), a global leader in metals, oil & gas, critical minerals, power and technology, announced its results for the fourth quarter and full year ended 31 March 2026. It has delivered its best-ever financial performance, driven by structurally strong businesses and disciplined execution.

Yindjibarndi Energy Corporation (YEC), one of Australia’s largest Indigenous-led renewable energy initiatives, will begin construction of the Jinbi Solar Project in the Pilbara after reaching Financial Close and signing a 30-year Power Purchase Agreement with Rio Tinto, marking a major step in delivering renewable energy on Yindjibarndi Ngurra (Country).

CoreTissue BioEngineering Inc. (“CTBE”), a medical device start-up (Headquarters: Yokohama City, Kanagawa Prefecture, CEO: Yoji Jokura, Ph.D.) announces that the safety evaluation in the safety cohort of its clinical trial for anterior cruciate ligament (ACL) reconstruction with the medical device "Tissue Regenerative Ligament" (development code: CT-ACL001) sponsored by the company has been completed, and the randomized controlled cohort to verify safety and efficacy has been initiated. This randomized controlled cohort will use the standard treatment of ACL reconstruction using the patient's own hamstring tendon as the control group and will be conducted at six facilities nationwide: Tokyo Women's Medical University Hospital (where Professor Dr. Ken Okazaki, the clinical trial coordinator, is affiliated), Hirosaki University Hospital, Hiroshima University Hospital, Hokkaido University Hospital, Juntendo University Hospital, and Kobe University Hospital (listed in alphabetical order).

Global financial technology leader FIS® (NYSE: FIS) has been selected by the Commonwealth Bank of Australia (CommBank), the nation's largest bank, to streamline reconciliations through FIS Data Integrity Manager. In a banking environment, reconciliation ensures financial accuracy by verifying millions of daily transactions across complex systems. The fully-hosted solution will process over 150 million transactions per day.

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future,” “FF” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today announced a series of leadership and governance updates. The Company’s Board of Directors has acknowledged and appointed YT Jia as FF Global CEO and Jerry Wang as FF Global Executive Chairman. The Board has also accepted the resignation of Matthias Aydt from his position as Global Co-CEO and appointed independent director Chad Chen as Lead Independent Director. Mr. Aydt will temporarily continue to serve the Company as an internal advisor, while a new role is being discussed separately with the Company’s management team. The Company sincerely thanks Mr. Aydt for his years of dedication and contributions to FF.

An inauguration ceremony was held on May 9 for the Danjiang Bridge, the world’s longest single-mast asymmetric cable-stayed bridge, ahead of its official opening to traffic on May 12, marking a major milestone after nearly three decades of planning and construction.

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Catalyst Pharmaceuticals, Inc. (NasdaqCM: CPRX) to Angelini Pharma S.p.A. Under the terms of the proposed transaction, shareholders of Catalyst will receive $31.50 in cash for each share of Catalyst that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

Hillsdale College held its 174th Commencement ceremony on Saturday, May 9. The College conferred undergraduate, graduate, and honorary degrees. Erika Kirk, CEO of Turning Point USA and widow of its founder, Charlie Kirk, delivered the Commencement address.

Mahathi Infotech, a specialized insurance technology services firm, and Intrepid Risk, a P&C insurance consultant, have established a strategic partnership to help insurers modernize operations, cut complexity, accelerate innovation, and improve claims outcomes.

The law firm of Robbins Geller Rudman & Dowd LLP announces that the FS KKR class action lawsuit – captioned Stuart v. FS KKR Capital Corp., No. 26-cv-02969 (E.D. Pa.) – seeks to represent purchasers or acquirers of FS KKR Capital Corp. (NYSE: FSK) securities and charges FS KKR and certain of FS KKR’s executives with violations of the Securities Exchange Act of 1934.

The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired Graphic Packaging Holdings Company (“Graphic Packaging” or the “Company”) (NYSE:GPK) securities during the period of February 4, 2025 through February 2, 2026, inclusive (“the Class Period”).

The law firm of Kirby McInerney LLP is investigating potential claims against Azenta, Inc. (“Azenta” or the “Company”) (NASDAQ:AZTA). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices.

The law firm of Kirby McInerney LLP is investigating potential claims against Gaia, Inc. (“Gaia” or the “Company”) (NASDAQ:GAIA). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential breaches of fiduciary duties by the directors and officers of Monolithic Power Systems, Inc. (NASDAQ: MPWR).

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) reported the voting results from its annual meeting of shareholders held virtually on May 8, 2026 (the "Meeting"). Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated March 19, 2026 (the "Information Circular"), which is available on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov, and on the Company's website under Investors – Notice and Access at www.pembina.com.

Cabinetworks Group, one of the largest U.S. manufacturers of cabinets serving the repair & remodel and new construction end-markets, announced today the successful closing of financing transactions, including securing approximately $100 million of additional liquidity and extending existing maturities, supported by the vast majority of its creditors.

Lomiko Metals Inc. (Lomiko) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) (“Lomiko" or the “Company”) is pleased to announce that the Company has filed on SEDAR+ an independent technical report (the "Report") prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") supporting the results of a Pre-Feasibility Study ("PFS") for the development of its La Loutre Graphite Project in Quebec, Canada. The PFS was completed by DRA Americas Inc. (“DRA”) in accordance with NI 43-101, and the results of the PFS were previously reported in the Company's news release dated March 24th, 2026, and there are no material differences in the Report from those results. The effective date of the Report is March 24th, 2026.

Davidson Bogel Real Estate (DB2RE) is pleased to announce the sale of approximately 7 acres of land located at the southwest corner of Haslet Parkway and Harmon Road in Haslet, Texas.

The AIF Institute, the educational arm of AIF Global (https://aifglobal.org), announced today the formation of its Private Wealth Advisory Board, a strategic initiative to guide the development of AIF’s fifth Center of Excellence, the Center for Private Wealth Investing (“Private Wealth Center”), and shape its programming, research, and industry dialogue at the intersection of private markets and private wealth.

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 11, 2026 to file lead plaintiff applications in a securities class action lawsuit against Trip.com Group Limited (NasdaqGS: TCOM) (“Trip.com” or the “Company”), if they purchased or otherwise acquired the Company’s securities between April 30, 2024 and January 13, 2026, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of New York.

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Humacyte, Inc. (NasdaqGS: HUMA) (“Humacyte” or the “Company”).

The historic UNESCO village of San Miguel de Allende hosts only one Starchitect listing—a home designed by a star architect, like a Frank Lloyd Wright—and local Berkshire Hathaway HomeServices Broker Greg Gunter held the listing of the city’s only Ricardo Legorreta home, priced at $4.5MM USD.

Hestia Capital Management, LLC (collectively with its affiliates, “Hestia”) today announced that it will distribute approximately 1.5 million shares of common stock of Pitney Bowes, Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”) to limited partners. This includes a distribution of approximately 1.1 million shares of Pitney Bowes to Kurt Wolf, who is the Chief Executive Officer and a sizable individual shareholder of the Company.

The Law Offices of Frank R. Cruz announces an investigation of Cencora, Inc. (“Cencora” or the “Company”) (NYSE: COR) on behalf of investors concerning the Company’s possible violations of federal securities laws.

The Law Offices of Frank R. Cruz announces an investigation of Graphic Packaging Holding Company (“Graphic Packaging” or the “Company”) (NYSE: GPK) on behalf of investors concerning the Company’s possible violations of federal securities laws.

Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of Graphic Packaging Holding Company (NYSE: GPK) between February 4, 2025 and February 2, 2026. Graphic Packaging describes itself as a company that “together with its subsidiaries, designs, produces, and sells consumer packaging products.”

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Graphic Packaging Holding Company (“Graphic Packaging” or the “Company”) (NYSE: GPK) and reminds investors of the July 6, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

JSB Financial Inc. (the Company) (OTCID: JFWV), the bank holding company of Jefferson Security Bank (the Bank), reported unaudited consolidated net income of $1.1 million for the quarter ended March 31, 2026, representing an increase of $408 thousand, or 56.3%, when compared to net income of $724 thousand for the quarter ended March 31, 2025. Basic and diluted earnings per share were $4.40 and $2.81 for the first quarter of 2026 and 2025, respectively.

Sinovac Biotech Ltd. (NASDAQ: SVA) (“SINOVAC” or the “Company”), a leading provider of biopharmaceutical products in China, announced today its unaudited financial results for the six months ended June 30, 2025.

With mega-events set to bring tens of millions of visitors through Los Angeles International Airport, a damning new report reveals that Flying Food Group (FFG) — a company that caters food for international airlines at LAX — has systematically violated the labor rights of over 700 workers who make international travel possible.

Copper Property CTL Pass Through Trust (“the Trust”) has filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. As previously announced, the Trust will host a live conference call to discuss its recently filed financial and operating results.

Rosen Law Firm, a global investor rights law firm, reminds investors about a class action lawsuit on behalf of purchasers of common stock of Gartner, Inc. (NYSE: IT) between February 4, 2025 and February 2, 2026. Gartner describes itself as a “global company that provides technology and business insights to its clientele through guidance, tools, conferences, and direct consulting.”

Dominion Energy South Carolina, Inc. (DESC), a wholly owned subsidiary of Dominion Energy, Inc. (NYSE: D), together with other parties of record, today submitted comprehensive settlement agreements in DESC's pending general electric rate case for approval by the Public Service Commission of South Carolina (PSC). With the exception of one party, the settlements include all parties signing, supporting, or not opposing.

Global Industrial Company (NYSE: GIC), a value-added national distributor and source for industrial equipment and supplies, will exhibit at Booth #617 at the National Restaurant Association Show 2026, May 16–19 at McCormick Place in Chicago.

GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent energy company with over 20 years of successful operations across Latin America, announces the publication of its 2025 SPEED/Sustainability Report (the “Report”).

Coolibar, the world’s leading UPF 50+ sun protection apparel brand, is continuing its partnership with skin cancer survivor and advocate Dayanara Torres and the Melanoma Research Foundation (MRF) for Skin Cancer Awareness Month this May. The 2026 campaign brings a more intimate and elevated creative direction to Coolibar’s sun safety message, using emotional storytelling to encourage prevention, protection, and early detection. Together, the partners aim to reach communities that may not recognize their vulnerability to melanoma, one of the most serious forms of skin cancer.

Douglas Elliman Inc. (“Douglas Elliman” or the “Company”) (NYSE: DOUG) the parent company of Douglas Elliman Realty, one of the nation's premier luxury residential real estate brokerages, today announced financial results for the three months ended March 31, 2026.

American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”) announced today it will release its financial results as of, and for the first quarter ended March 31, 2026, on Friday May 15, 2026, before the New York Stock Exchange open.

Ensoma, an in vivo cellular engineering company with a mission to advance the future of medicine through one-time therapies, today announced the presentation of initial clinical data from the first participant dosed in its Phase 1/2 trial of EN-374 for the treatment of X-linked chronic granulomatous disease (X-CGD) at the American Society of Gene & Cell Therapy (ASGCT) 29th Annual Meeting, taking place May 11-15 in Boston. The data represent the first reported clinical experience with in vivo hematopoietic stem cell (HSC)-directed therapy, from which the patient has the potential to create a continuous source of therapeutic immune and blood cells to treat disease.

ESAB Corporation (“ESAB” or the “Company”) (NYSE: ESAB), a focused premier industrial compounder, announced today that its Board of Directors has declared an increased quarterly cash dividend of $0.12 per share of the Company’s common stock. The dividend is payable on July 17, 2026 to shareholders of record as of July 3, 2026.

Janus Henderson Group plc (NYSE: JHG; “JHG," "Janus Henderson,” or the “Company”) published its first quarter 2026 results for the period ended March 31, 2026. First quarter 2026 operating income was US$113.9 million compared to US$487.4 million in the fourth quarter 2025 and US$153.6 million in the first quarter 2025. Adjusted operating income, adjusted for one-time, acquisition and transaction related costs, was US$170.8 million in the first quarter 2026 compared to US$383.7 million in the fourth quarter 2025 and US$156.6 million in the first quarter 2025.

Kairos Pharma, Ltd. (NYSE American: KAPA), a clinical-stage biopharmaceutical company focused on innovative cancer therapeutics, announces that its Annual Meeting of Shareholders will be held virtually at 9:00 am PDT on Monday, June 29, 2026. After the meeting materials are finalized and filed with the Securities and Exchanges Commission, such materials will be mailed to shareholders.

DWS Municipal Income Trust (KTF) (the “Fund”) announced today its regular May monthly distribution.

Riskified Ltd. (NYSE: RSKD), a leader in ecommerce fraud and risk intelligence, today announced that its management team will participate virtually in the 21st Annual Needham Technology, Media, & Consumer 1×1 Conference on Thursday, May 14th, 2026.

The Board of Directors of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG), a closed-end fund advised by Duff & Phelps Investment Management Co., previously announced the following monthly distribution on March 16, 2026:

The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP), a closed-end fund advised by Duff & Phelps Investment Management Co. (the “Adviser”), previously announced the following monthly distribution on March 16, 2026:

Capital One Financial Corporation (NYSE: COF) today announced a quarterly dividend of $0.80 per common share payable June 1, 2026, to stockholders of record at the close of business on May 19, 2026. The company has announced dividends on its common stock every quarter since it became an independent company on February 28, 1995. Dividends declared by the company are eligible for direct reinvestment in the company's common stock under its Dividend Reinvestment and Stock Purchase Plan. For additional Plan information, stockholders should contact Computershare Trust Company, N.A., at 1-888-985-2057 (inside the U.S. and Canada) or 1-781-575-2725 (outside the U.S. and Canada).

TruBridge, Inc. (NASDAQ: TBRG) (“TruBridge”), a leading provider of healthcare technology solutions for rural and community hospitals, today announced financial results for the first quarter ended March 31, 2026.

TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”), a leading provider of cloud-based software and integrated hardware solutions, today announced the appointment of Robert Campbell as Chief Financial Officer, effective upon the June 30, 2026, retirement of long-time Chief Financial Officer, Steven A. DeMartino.

Hawaiian Electric Industries, Inc. (NYSE - HE) (HEI) today reported net income for the first quarter of 2026 of $30 million, or $0.18 per share, compared to net income of $27 million, or $0.15 per share in the first quarter of 2025. Excluding Maui wildfire-related expenses and expenses taken in connection with the review of strategic options for Pacific Current, Core1 net income was $31 million, or $0.18 per share, compared to $40 million, or $0.23 per share in 2025.

Roku, Inc. (Nasdaq: ROKU) announced today that Chief Financial Officer and Chief Operating Officer Dan Jedda will participate in a fireside chat at the Needham Internet and Media Conference in New York City on Tuesday, May 12. Mr. Jedda is scheduled to appear at 1:30 PM ET.

Backblaze, Inc. (Nasdaq: BLZE), the high-performance cloud storage platform for the AI era, today announced participation in the following investor conference:

Sprouts Farmers Market, Inc. (Nasdaq: SFM), one of the largest and fastest-growing specialty retailers of fresh, natural and organic food in the United States, today announced the company’s participation in the 2026 BMO Global Farm to Market Conference in New York City. Jack Sinclair, chief executive officer, and Curtis Valentine, chief financial officer, are scheduled to conduct a fireside chat discussion at 11:00 a.m. Eastern Time on Wednesday, May 13, 2026.

Smith Micro Software, Inc. (Nasdaq: SMSI) announced the filing of a resale registration statement on Form S-1 with the Securities and Exchange Commission (“SEC”) solely to register for resale shares of common stock underlying securities previously issued in Company financing transactions completed and disclosed in 2025 and 2026. No additional securities are being issued by the Company at this time, and stockholders will not experience any dilution as a result of this filing. The registration statement solely relates to shares issuable upon exercise or conversion of previously disclosed common stock purchase warrants and convertible notes and is being filed to satisfy contractual registration rights granted in connection with those transactions. Additional information regarding the original financing transactions and the securities covered by the registration statement may be found in the Company’s prior SEC filings.

In a “On This Day in History��� worthy of a “salud”, Monday, May 11, 2026 will mark the 55th anniversary of the debut of “The World’s First Frozen Margarita Machine”. Dallas’ Mariano Martinez adapted a Slurpee machine to make frozen margaritas more efficiently at Mariano’s Mexican Cuisine, which it did for 34 years before being retired to the collection of the National Museum of American History, part of the Smithsonian Institution.

Cryo-Cell International, Inc. (NYSE American LLC: CCEL) (the “Company”), the world’s first private cord blood bank to separate and store stem cells in 1992, announced that the NYSE American LLC (the “NYSE American") has accepted the Company’s previously submitted plan to regain compliance with continued listing standards.

Cencosud S.A. reported its financial results for the first quarter of 2026, during a period marked by heightened international uncertainty and competitive pressure. In this context, the Company maintained resilient performance across its core operations and continued executing its transformation plan, focused on strengthening its business model and laying solid foundations for long-term growth.

KBRA assigns a long-term rating of AA+ to the Harris County Hospital District's, TX (the "District") Series 2026, Limited Tax and Refunding Bonds. Concurrently, KBRA affirms the long-term AA+ rating for outstanding limited tax bonds. The Rating Outlook is Stable.

AIF Global (www.aifglobal.org) is pleased to announce that Dr. Samyoung (Sam Y.) Chung, Head of AIF APAC, the Asia-Pacific division of AIF Global, has been appointed as a Member of the Steering Committee for Korea Investment Corporation (KIC). The Steering Committee is composed of six private-sector members and three ex officio members.

Inspire Brands, Inc. (“Inspire Brands”) today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Inspire Brands expects to use the net proceeds of the proposed offering to repay outstanding indebtedness under its existing term loan facility and pay offering fees and expenses. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions.