Latest news with #YorkvilleAdvisors
Time of India
5 days ago
- Business
- Time of India
Trump Media advances Bitcoin ETF plans with Truth Social Brand
HighlightsTrump Media & Technology Group Corporation is moving closer to launching an exchange-traded fund tied to Bitcoin, named Truth Social Bitcoin ETF, as it joins the competitive landscape of crypto-investment options for retail investors. The New York Stock Exchange Group Incorporated has filed regulatory paperwork for the new Truth Social Bitcoin ETF, which aims to track the price of Bitcoin and will be sponsored by Yorkville Advisors, described as an 'America-First asset management firm.' Critics have raised ethical concerns regarding the potential financial benefits to former President Donald Trump from the cryptocurrency initiatives linked to his name, despite assurances from the White House that he is separated from the businesses carrying his name. Trump Media & Technology Group Corp. appears to be one step closer to launching an exchange-traded fund tied to Bitcoin, joining the crowded field of crypto-investment offerings for the retail masses. NYSE Group Inc. filed regulatory paperwork on Tuesday to list the Truth Social Bitcoin ETF , using the name of President Donald Trump 's social network. Trump Media, which is majority-owned by Trump, applied in February to trademark brands for investment products with themes that closely track the president's policy priorities, including Bitcoin. The firm signed a formal agreement with a New Jersey-based firm, Yorkville Advisors — which it referred to as 'an America-First asset management firm' — to shepherd the products through the approval process. Yorkville America Digital is listed in Tuesday's filing as the sponsor of the new Truth Social ETF, which is set to buy and sell Bitcoin in order to track the price of the cryptocurrency. — through an affiliated entity named Foris DAX Trust Company LLC — will be the custodian of the digital tokens, according to the filing. The document does not mention Trump or offer a ticker or fees for the new fund. Yorkville and Trump Media did not immediately respond to requests for comment. If the fund is approved, it will join a universe of more than 60 US ETFs tied to Bitcoin. This one, though, could benefit from its ties to a president who has pushed for Bitcoin-friendly legislation and talked about creating a national cryptocurrency reserve. 'On one hand, this is pretty unchartered territory and a huge endorsement of Bitcoin from Trump's company,' said Bloomberg Intelligence senior ETF analyst Eric Balchunas. 'But on the other, it's a routine filing in a very crowded category and it will have its work cut out to attract flows and liquidity.' The ETF is one of the many cryptocurrency-related businesses being built by companies tied to Trump. Trump Media recently announced that it would be borrowing money to invest in Bitcoin, and the company previously said it would invest in the ETFs it issues. The links have drawn criticism from ethics experts because of the way Trump could benefit financially from areas where he is also responsible for setting policy. The White House has previously said the president is walled off from the businesses that carry his name. He has transferred about $4 billion worth of Trump Media shares to a trust controlled by his son Donald Trump Jr.
TechCrunch
22-05-2025
- Business
- TechCrunch
Luminar secures up to $200M following CEO departure and layoffs
Lidar company Luminar reached a deal with Yorkville Advisors Global and another unnamed investor that could bring another $200 million into its coffers through the sale of convertible preferred stock over an 18-month period. The agreement, which was announced in a regulatory filing Wednesday, follows an abrupt change in leadership and layoffs. Earlier this month, Luminar's board replaced founder Austin Russell as CEO and board chair. Luminar's board appointed Paul Ricci to the role. Ricci is the former chairman and CEO of Nuance. The company also launched another round of layoffs — its third since spring 2024. Under the terms, Luminar will issue $35 million in convertible preferred stock to the investors. Luminar may issue additional tranches in amounts of up $35 million no more than every 60 days at a purchase price equal to 96% of the stated value of the convertible preferred stock. However, Luminar isn't under any obligation to issue additional stock. 'Today's transaction provides us with additional financial flexibility and further strengthens our balance sheet,' Luminar CFO Tom Fennimore said in a statement 'We've made substantial progress in extending our liquidity runway with our restructuring efforts, and the additional capital available to us under this facility provides us with another tool to realize our long-term value.' The company said proceeds from the initial $35 million issuance are expected to be used for general corporate purposes and debt retirement. Yorkville has offered these lifelines to other struggling publicly traded companies, a list that includes failed Lordstown Motors, Faraday Future, and the now bankrupt Canoo. Luminar was founded by Russell in 2012 when he was just a teenager. Luminar, and Russell, became Silicon Valley darlings when the lidar startup broke cover in April 2017 after operating for years in secrecy and at the height of the autonomous vehicle technology hype cycle. Techcrunch event Join us at TechCrunch Sessions: AI Secure your spot for our leading AI industry event with speakers from OpenAI, Anthropic, and Cohere. For a limited time, tickets are just $292 for an entire day of expert talks, workshops, and potent networking. Exhibit at TechCrunch Sessions: AI Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you've built — without the big spend. Available through May 9 or while tables last. Berkeley, CA | REGISTER NOW In 2021, Luminar merged with special purpose acquisition company Gores Metropoulos Inc., with a post-deal market valuation of $3.4 billion. Today, Luminar has a market cap of $179 million. Luminar raised $250 million prior to the SPAC announcement. Luminar has had some wins, but also restructured several times. Luminar cut about 30% of its workforce in 2024 via two rounds of layoffs. Some of those layoffs spilled into the first quarter of 2025. A total of 212 employees were laid off. In a regulatory filing earlier this month, the company said it began additional layoffs May 15. These new layoffs are expected to cost $4 million to $5 million in cash charges. These costs are expected to be incurred in the second and third quarters of this year.
Yahoo
14-05-2025
- Business
- Yahoo
Is Plug Power Finally Starting to Turn Things Around?
Plug Power's first-quarter results showed some progress. The company expects its future results to be even better. It still has a long way to go before it can self-fund its business. 10 stocks we like better than Plug Power › Plug Power (NASDAQ: PLUG) has struggled throughout its history. The leading hydrogen company hasn't been able to turn a profit, which has forced it to steadily raise outside capital to fund its operations and expansion. That has weighed heavily on its stock price. However, Plug Power's recent first-quarter report showed some signs of progress. Here's a look at that report and whether it's a sign that the hydrogen stock is finally turning things around. Plug Power posted $133.7 million in revenue in Q1. That was up from $120.3 million in the year-ago period. The hydrogen company benefited from an increase in electrolyzer deliveries, continued materials-handling demand, and the ongoing deployments in its cryogenic platform. However, the company still lost a lot of money. Its total net loss in the period was almost $197 million, which was more than its revenue. On a more positive note, that was an improvement from the nearly $296 million loss it posted in the year-ago period. Plug benefited from a significant improvement in its gross margin (though it was still a negative 55% in the period). Driving the improvement was the ongoing optimization of its supply chain, cost reductions, price increases, and progress in leveraging its leading hydrogen platform. Those efforts helped slow the company's cash burn, which has fallen from $288.3 million in last year's Q1 to $152.1 million this year. That's still a concern, given that Plug ended the quarter with only $295.8 million in unrestricted cash on its balance sheet. The company would run out of money in two quarters at its current cash-burn rate. Plug took a big step toward plugging up that hole by securing a $525 million secured credit facility with Yorkville Advisors earlier this month. It drew down $210 million of that facility to shore up its liquidity. It subsequently used $82.5 million to retire an existing convertible debenture with Yorkville. As a result of this financing, Plug doesn't expect to need to dilute existing investors this year by issuing more stock to fund its business. Plug expects further improvements in its financial results in the future. The company launched Project Quantum Leap earlier this year, which aims to deliver more than $200 million in annualized cost savings. That plan includes workforce reductions, facility consolidations, cuts in discretionary spending, and limiting capital spending to critical near-term requirements. On top of that, Plug expects its investments in expanding its hydrogen business to drive sales growth. The company has an ambitious target of delivering 30% compound annual growth in its energy and applications businesses from 2025 to 2030. That combination of falling costs and rising sales put Plug on a pathway toward profitability. However, it will take a while to reach that goal. The company expects 2025 to be a transformational year where it aims to exit with a positive gross margin run rate. Plug aims to exit 2027 generating positive operating income. That would put it on pace to reach overall profitability by the end of 2028. That ambitious plan requires a lot to go right for the company. Demand for hydrogen needs to grow briskly to support rising pricing and sales. The company must also deliver its expansion projects on time and on budget. It also needs to keep a tight lid on costs. On top of everything, Plug will need to continue raising outside capital to fund its operations and expansion. Earlier this year, the company closed a nearly $1.7 billion loan guarantee from the U.S. Department of Energy, which would help fund the build-out of up to six low-carbon hydrogen plants. However, there are concerns that the Trump administration might cancel this loan. If that happens, Plug Power would have a big hole to plug. It might need to sell more stock to fund these projects, which would further dilute existing investors and weigh on the stock price. Plug Power's Q1 report showed some positive progress in its efforts to grow its business and reach profitability. However, the company hasn't turned the corner just yet. It needs to continue reducing costs and growing its business to finally start making money, which will enable it to become self-sufficient. Until it reaches that point, it might need to continue diluting existing shareholders by selling stock. Because of that, it remains a very high-risk investment that might never live up to its promise. Before you buy stock in Plug Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Plug Power wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $598,613!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $753,878!* Now, it's worth noting Stock Advisor's total average return is 922% — a market-crushing outperformance compared to 169% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Matt DiLallo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Is Plug Power Finally Starting to Turn Things Around? was originally published by The Motley Fool
Business Wire
12-05-2025
- Business
- Business Wire
David Bailey and Bitcoin-Native Holding Company Nakamoto Announce Merger with KindlyMD
SALT LAKE CITY--(BUSINESS WIRE)--KindlyMD, Inc. (NASDAQ:KDLY, 'KindlyMD'), a leading provider of integrated healthcare services, today announced that it has entered into a definitive merger agreement with Nakamoto Holdings Inc. ('Nakamoto'), a Bitcoin-native holding company, to start a Bitcoin treasury strategy. Nakamoto is a new holding company founded by David Bailey. In partnership with BTC Inc, Nakamoto seeks to build the first global network of Bitcoin treasury companies. This is the first step in Nakamoto's vision for an ecosystem of Bitcoin-native companies, including media, advisory, and financial services, that exist to accelerate Bitcoin adoption and utility. The combined company will aim both to accumulate Bitcoin and grow the Bitcoin owned on a per share basis, or Bitcoin Yield, through a variety of equity, debt and other offerings. This merger gives the public market exposure to Bitcoin within a compliant, transparent structure backed by a uniquely experienced Bitcoin management team, including a partnership with one of the world's most influential Bitcoin marketing platforms. The PIPE financing attracted participation from over 200 investors across six continents, including global investment firms and leaders across the Bitcoin ecosystem. Institutional investors include Actai Ventures, Arrington Capital, BSQ Capital Partners, Kingsway, Off the Chain Capital, ParaFi, RK Capital, Van Eck, and Yorkville Advisors, alongside individuals including Adam Back, Balaji Srinivasan, Danny Yang, Eric Semler (CEO of Semler Scientific), Jihan Wu, Ricardo Salinas, and Simon Gerovich (CEO of Metaplanet). YA II PN, Ltd., an investment fund managed by Yorkville Advisors, was the sole convertible note purchaser. 'Traditional finance and Bitcoin-native markets are converging. The securitization of Bitcoin will redraw the world's economic map. We believe a future is coming where every balance sheet – public or private – holds Bitcoin. Nakamoto seeks to be the first publicly traded conglomerate designed to accelerate that,' said David Bailey, Founder and CEO of Nakamoto. 'Nakamoto's vision is to bring Bitcoin to the center of global capital markets, packaging it into equity, debt, preferred shares, and new hybrid structures that every investor can understand and own. Our mission is simple: list these instruments on every major exchange in the world.' He continued, 'Nakamoto is building the first publicly traded conglomerate designed to accelerate that future. The financial institutions who defined their chapter in history have all carried the names of their founders: Medici, Rothschild, Morgan, Goldman. Today, we stake that legacy on Nakamoto.' 'This merger represents a strategic leap for KindlyMD, allowing us to expand our mission. Nakamoto brings in a team with deep expertise in Bitcoin strategy and unparalleled access to the leading experts in Bitcoin treasury management,' said Tim Pickett, CEO of KindlyMD. 'It's a bold new vision that will drive long-term value for our shareholders.' Exceptional Management Team and Industry Leading Board of Proposed Combined Company Upon the close of the transaction, the combined company will be led by Founder and CEO David Bailey, a leader within the Bitcoin ecosystem and an influential advocate for hyperbitcoinization, the inflection point at which Bitcoin becomes the default value system of the world. As Co-Founder and CEO of BTC Inc – the company behind Bitcoin Magazine and the global annual Bitcoin Conferences – and General Partner of Bitcoin-focused investment firm UTXO Management, Mr. Bailey has built industry-leading platforms at the heart of the Bitcoin ecosystem. Mr. Bailey will be supported by a seasoned management team with decades of experience operating in the Bitcoin space. Tim Pickett, CEO and founder of KindlyMD, will continue to manage KindlyMD's healthcare operations. Under the combined company, KindlyMD clinics will remain dedicated to their mission of combating the opioid crisis through innovative, holistic health services. The clinics are expected to continue operation with the same care teams and patient-first values that have defined their development to date. The Board of Directors of the combined company will consist of six directors appointed by Nakamoto and one director appointed by KindlyMD, each of whom will be named prior to closing. Transaction Summary Shares of KindlyMD will continue to trade on Nasdaq under the symbol 'KDLY.' The combined company expects to be renamed and trade under a new ticker symbol. The Board of Directors of Nakamoto and KindlyMD have unanimously approved the transaction. The transaction will require the approval of the shareholders of KindlyMD and is subject to customary closing conditions. The transaction includes $510 million in gross proceeds from a fully committed private placement in public equity ('PIPE Financing') priced at $1.12 per share and consisting of common stock and pre-funded warrants in KindlyMD and $200 million in gross proceeds from the sale of senior secured convertible notes of KindlyMD that mature in 2028 (the 'Debt Financing'). The PIPE and Debt Financings are expected to close concurrently with the merger. As part of the merger, the combined company will assume the rights and obligations of Nakamoto under its marketing services agreement with BTC Inc, whereby BTC Inc provides certain marketing services to Nakamoto and, following the closing of the merger, will provide such services to the combined company in connection with its Bitcoin treasury and related operations. Additional information about the merger, the PIPE Financing and the Debt Financing will be available in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission (the 'SEC') and at Advisors Cohen & Company Capital Markets ('CCM'), a division of J.V.B. Financial Group, LLC is serving as lead financial advisor to Nakamoto and placement agent for the Debt Financing and PIPE Financing. 10X Capital ('10X'), through its affiliated broker-dealer, is also serving as a financial advisor and placement agent to Nakamoto. Reed Smith LLP is acting as legal advisor to Nakamoto. Loeb & Loeb LLP acted as placement agent counsel. Brunson Chandler & Jones, PLLC is acting as legal advisor to KindlyMD. HighGate Capital Partners is serving as financial advisor to KindlyMD. About Nakamoto Nakamoto is a Bitcoin treasury company building a global portfolio of Bitcoin-native companies. Nakamoto plans to establish the first publicly traded conglomerate of Bitcoin companies by accumulating Bitcoin in its treasury and by leveraging its treasury to acquire and develop an ecosystem of Bitcoin companies across finance, media, advisory and more. The company aims to provide commercial and financial infrastructure for the next generation of capital markets. For more information, please visit About KindlyMD KindlyMD is a patient-first healthcare and healthcare data company redefining value-based care and patient-centered medical services. KindlyMD leverages data analysis to deliver evidence-based, personalized solutions in order to reduce opioid use, improve health outcomes faster, and provide algorithmic guidance on the use of alternative medicine in healthcare. KindlyMD provides a patient-focused healthcare experience that integrates traditional medical evaluation and management with mental health integration and compliant alternative medicine education and inclusion. It focuses on creating personalized care plans for each individual that get people back to work and life faster, reduce opioid use, and yield high patient satisfaction. Its specialty outpatient clinical services are reimbursed by Medicare, Medicaid, and commercial insurance contracts as well as offered on a fee-for-service basis. For more information, please visit Additional Information and Where to Find It In connection with the merger, PIPE Financing and Debt Financing (collectively, the 'Transactions'), KindlyMD intends to file with the SEC an information statement, in preliminary and definitive form (the "information statement"), and KindlyMD will file other documents regarding the Transactions with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE INFORMATION STATEMENT, AS MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, AND OTHER RELEVANT DOCUMENTS FILED BY KINDLYMD WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT KINDLYMD AND NAKAMOTO, THE TRANSACTIONS, THE RISKS RELATED THERETO AND RELATED MATTERS. A definitive information statement will be mailed to shareholders of KindlyMD. Investors will be able to obtain free copies of statement, as may be amended from time to time, and other relevant documents filed by KindlyMD with the SEC (when they become available) through the website maintained by the SEC at Copies of documents filed with the SEC by KindlyMD, including the information statement (when available), will be available free of charge from KindlyMD's website at under the 'Investors' tab. Forward-Looking Statements All statements, other than statements of historical fact, included in this release that address activities, events or developments that KindlyMD or Nakamoto expects, believes or anticipates will or may occur in the future are forward-looking statements. Words such as 'estimate,' 'project,' 'predict,' 'believe,' 'expect,' 'anticipate,' 'potential,' 'create,' 'intend,' 'could,' 'would,' 'may,' 'plan,' 'will,' 'guidance,' 'look,' 'goal,' 'future,' 'build,' 'focus,' 'continue,' 'strive,' 'allow' or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements include, but are not limited to, statements regarding the proposed merger, PIPE Financing and Debt Financing, the expected closing of the proposed Transactions and the timing thereof and as adjusted descriptions of the post-transaction company and its operations, strategies and plans, integration, debt levels and leverage ratio, capital expenditures, cash flows and anticipated uses thereof, synergies, opportunities and anticipated future performance, including the management team and board of directors of the combined company and expected use of proceeds from the Transactions, and any post-closing transactions contemplated between the combined company and BTC Inc (and/or UTXO, LLC through BTC Inc). Information adjusted for the proposed Transactions should not be considered a forecast of future results. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this release. These include the risk that KindlyMD and Nakamoto businesses (which may include the businesses of BTC Inc and/or UTXO in the future, as applicable) will not be integrated successfully and the risk that KindlyMD or the applicable governing bodies of BTC Inc and/or UTXO may not pursue or approve the terms of an acquisition of BTC Inc and/or UTXO; the risk that cost savings, synergies and growth from the proposed transaction may not be fully realized or may take longer to realize than expected; the possibility that shareholders of KindlyMD may not approve the issuance of new shares of KindlyMD common stock in the Transactions or that shareholders of KindlyMD may not approve the Transactions; the risk that a condition to closing of the Transactions may not be satisfied, that either party may terminate the merger agreement, the subscription agreements of the convertible debt purchase agreement or that the closing of the Transactions might be delayed or not occur at all; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Transactions; the parties do not receive regulatory approval of the Transactions; the occurrence of any other event, change, or other circumstances that could give rise to the termination of the merger agreement relating to the Transactions; the risk that changes in KindlyMD's capital structure and governance could have adverse effects on the market value of its securities; the ability of KindlyMD and Nakamoto to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on KindlyMD and Nakamoto's operating results and business generally; the risk the Transactions could distract management from ongoing business operations or cause KindlyMD and/or Nakamoto to incur substantial costs; the risk that KindlyMD may be unable to reduce expenses or access financing or liquidity; the impact of any related economic downturn; the risk of changes in governmental regulations or enforcement practices; and other important factors that could cause actual results to differ materially from those projected. All such factors are difficult to predict and are beyond KindlyMD's and Nakamoto's control, including those detailed in KindlyMD's Annual Reports on Form 10-K, Quarterly Reports on Form 10- Q, Current Reports on Form 8-K, and such other documents of KindlyMD filed, or to be filed, with the SEC that are or will be available on KindlyMD's website at and on the website of the SEC at All forward-looking statements are based on assumptions that KindlyMD and Nakamoto believe to be reasonable but that may not prove to be accurate. Any forward-looking statement speaks only as of the date on which such statement is made, and neither KindlyMD or Nakamoto undertakes any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
Globe and Mail
06-05-2025
- Business
- Globe and Mail
Plug Power Closes $525 Million Secured Credit Facility with Yorkville Advisors
SLINGERLANDS, N.Y., May 06, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions, today announced the initial closing of its previously announced $525 million secured term loan facility with Yorkville Advisors. The initial tranche in an aggregate principal amount of $210 million was drawn and funded. Commensurate with establishing this facility, the company has retired $82.5 million in aggregate principal of the existing convertible debenture with Yorkville Advisors, which had approximately 55 million associated underlying shares given the conversion price, and therefore this refinancing has reduced potential dilution. The transaction enhances Plug's liquidity position and provides the company with additional financial flexibility as it continues to scale its green hydrogen network and drive toward profitability. 'This financing provides meaningful capital to support Plug's strategic priorities in 2025 and beyond,' said Andy Marsh, CEO of Plug. 'We appreciate the confidence Yorkville has shown in our long-term vision and are pleased to have closed this deal under favorable terms for the company.' Plug will provide further details during its upcoming first quarter 2025 earnings call. Q1 2025 Earnings Conference Call Details: Plug's First Quarter 2025 results will be released on Monday, May 12, 2025. Join the call A live webcast will be available on the Plug Investor Relations website at and a playback will be available online for a period of time following the call. About Plug Power Plug is building the global hydrogen economy with a fully integrated ecosystem spanning production, storage, delivery, and power generation. A first mover in the industry, Plug provides electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure to industries such as material handling, industrial applications, and energy producers—advancing energy independence and decarbonization at scale. With electrolyzers deployed across five continents, Plug leads in hydrogen production, delivering large-scale projects that redefine industrial power. The company has deployed over 70,000 fuel cell systems and 250 fueling stations and is the largest user of liquid hydrogen. Plug is rapidly expanding its generation network to ensure reliable, domestically produced supply, with hydrogen plants currently operational in Georgia, Tennessee, and Louisiana, producing 39 tons per day. With employees and state-of-the-art manufacturing facilities across the globe, Plug powers global leaders like Walmart, Amazon, Home Depot, BMW, and BP. For more information, visit Forward-Looking Statements Disclaimer: This press release includes certain 'forward-looking statements' within the meaning of the federal securities laws. These statements include, but are not limited to, statements regarding the company's liquidity position and financial capital and flexibility. These forward-looking statements are made as of the date hereof and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond the company's control. The company's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including, but not limited to, the risks related to uncertainties related to market conditions and the successful execution of the company's strategic priorities. These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in the company's filings and reports with the Securities and Exchange Commission (the 'SEC'), including the Annual Report on Form 10-K for the year ended December 31, 2024, as well as other filings and reports that are filed by the company from time to time with the SEC. These forward-looking statements should not be relied upon as representing the company's views as of any date subsequent to the date of this press release, and you should not place undue reliance on such statements. Except as required by law, the company undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
