AlphaTON Capital Secures $82.5 Million Strategic GPU Infrastructure to Power Privacy-First Decentralized Artificial Intelligence Cluster after Successful Pilot Launch of Telegram’s Cocoon AI

This Deal adds $70M of Nvidia GPUs to AlphaTON’s Balance Sheet, combining with the $27M Digital Asset Treasury to total $97M in Total Assets.

Dover, DE, Nov. 26, 2025 (GLOBE NEWSWIRE) — AlphaTON Capital Corp. (Nasdaq: ATON) (“AlphaTON” or the “Company”), a digital asset technology company focused on the Telegram and TON ecosystem, today announced it has entered into agreements to acquire and deploy a 1,000+ Nvidia B200 GPU high-performance compute cluster valued at approximately $68 million. This strategic infrastructure investment positions AlphaTON as a critical compute provider for Telegram’s Cocoon AI – the world’s largest decentralized, privacy-preserving artificial intelligence network, while creating a diversified revenue stream through high-performance compute and GPU rental services.

TRANSACTION STRUCTURE AND FINANCING

The transaction will be financed through a strategic capital structure consisting of:

  • $30 million in equity capital from AlphaTON Capital Corp.
  • $52.5 million in debt financing to be facilitated by Vertical Data’s GPU Financing division
  • Total project capitalization of approximately $82.5 million (includes additional working capital and deployment costs)
  • Total of $70M of high-value Nvidia hardware assets added to the balance sheet

The debt facility facilitated by Vertical Data to be fully amortized over 36 months, with the project maintaining debt service coverage ratios above 1.0x throughout the amortization schedule. The compute cluster will be held as a revenue-generating hard asset on AlphaTON’s balance sheet.

STRATEGIC INFRASTRUCTURE PARTNERSHIP

AlphaTON has assembled a consortium of best-in-class infrastructure partners to deploy and operate the GPU cluster:
CUDO Compute – A leading European NVIDIA Cloud Partner (NCP), will serve as the primary deployment and operations partner for the GPU infrastructure. CUDO will lead cluster installation, orchestration, workload management and lifecycle operations, while also providing the commercialization engine through its GPU marketplace and AI services platform. CUDO’s operational stack ensures production-grade uptime, enterprise-grade telemetry and scalable multi-tenant governance across the full cluster.

SNET Energy UK Ltd – Providing expertise in sustainable-power data center development and AI infrastructure optimization, SNET Energy’s involvement ensures technical excellence and alignment with decentralized AI principles.

Vertical Data – Beyond debt financing, Vertical Data will provide the GPU cluster and deployment services, and hardware sourcing.

HARDWARE SPECIFICATIONS AND CAPABILITIES

The compute cluster will feature 1,000+ Nvidia B200-class GPUs, representing cutting-edge AI inference and training capabilities. The infrastructure is designed with a modular, upgradable architecture to accommodate rapid evolution in AI hardware and model architectures. The cluster will operate at 90% target utilization, serving dual revenue streams:

  1. Dedicated Workloads for Cocoon AI – Priority allocation for Telegram/Cocoon AI’s proprietary, privacy-preserving AI network
  2. External GPU Rentals – Monetization through CUDO Compute’s marketplace, initially for bare metal compute and progressively for AI services

COMPELLING PROJECTED PROJECT ECONOMICS

The investment presents institutional-grade returns with strong downside protection:

  • Projected IRR: 59.7%
  • Projected NPV: $59.6 million
  • Projected Equity Multiply: 5x
  • Projected ROI: 615%
  • Projected Total Cash returned (5-year projection): $150 million

Revenue projections incorporate conservative assumptions, including 20% annual price compression in the first year and 10% in the following years, 90% utilisation rates, and comprehensive operating cost inflation. The financial Model demonstrates consistent EBITDA margin ranging from 64-73% over five year forecast horizon, with Year 1 gross profit margins of 32%

SUCCESSFUL PILOT LAUNCHED ON NOVEMBER 25, 2025

AlphaTON Capital announced the successful completion of a landmark pilot program utilizing Telegram’s innovative Cocoon AI infrastructure, a milestone made possible through a strategic collaboration that granted the firm early access. “Our strategic partnership with Telegram and Cocoon provided early access to the technology, and we successfully launched a Cocoon pilot on November 25, 2025,” said  Logan Golema, CTO of AlphaTON Capital. “Following this validation, we are now going to deploy the technology into our secure and decentralized AI hosting infrastructure to further enhance our network’s scalability and performance.”

STRATEGIC RATIONALE

Democratizing AI with “AI For Good”

As Artificial Intelligence becomes increasingly centralized among a few global technology giants, AlphaTON is committed to an “AI For Good” mandate. This initiative prioritizes ethical access, user data sovereignty, and environmental responsibility. By supporting Cocoon, AlphaTON is helping to build a sovereign compute layer where user data remains encrypted and private, and where content rights are respected—a direct alternative to the surveillance-capitalism models prevalent in the industry today.

“We believe the future of AI must be decentralized, private, and accessible to all, not hoarded within the walled gardens of Big Tech,” said Brittany Kaiser, Chief Executive Officer of AlphaTON Capital. “This investment is not just about hardware; it is a commitment to ethical infrastructure. By powering Project Cocoon, we are giving Telegram’s nearly one billion users access to AI tools that respect their privacy and freedom, while ensuring our investors have direct exposure to the most valuable asset class of the next decade: sovereign compute.”

ALIGNMENT WITH COCOON AI’S DECENTRALIZED VISION

Cocoon AI, leveraging Telegram’s 1 billion+ monthly active user base, is building a privacy-first alternative to centralized AI services dominated by Meta, Google, Amazon, and Microsoft/OpenAI. Cocoon’s approach—running AI models on decentralized infrastructure with user data sovereignty—requires compute resources that are not owned, monitored, or controlled by Big Tech competitors.

AlphaTON’s GPU cluster provides Cocoon AI with:

  • Guaranteed Performance and Uptime – Dedicated capacity free from cloud provider throttling or resource contention
  • Data Sovereignty – Complete control over data boundaries, ensuring user privacy is architecturally protected
  • Infrastructure Independence – Freedom from platform risk and competitive intelligence exposure inherent in Big Tech cloud services
  • Economic Value Capture – Direct ownership eliminates cloud intermediary margins, improving unit economics

DEPLOYMENT TIMELINE AND COMMERCIAL MILESTONES

  1. Q4 2025: Transaction close, establishment of asset holding structure, Cocoon AI testing and launch on first fleet of machines
  2. Q1 2026: Hardware delivery, validation of workloads, performance benchmarking, security audits, and soft launch for Cocoon AI inference
  3. Q2 2026: Implementation of full Cocoon AI workloads; expansion of cluster orchestration capabilities; Planned expansion with 2-4 additional clusters, subject to market conditions and initial performance validation

MARKET CONTEXT AND COMPETITIVE POSITIONING

The investment comes at an inflection point in AI infrastructure markets. According to McKinsey analysis, data center AI workload capacity will grow 3.5x between 2025 and 2030, adding 124 gigawatts of incremental capacity. However, value capture is heavily skewed toward technology and chipmakers (60% of spending) versus real estate (15%) and power (25%). AlphaTON’s model captures hardware asset appreciation while generating recurring rental revenue, positioning across multiple value pools.

The U.S. government’s unprecedented 10% equity stake in Intel and the characterization of AI infrastructure as “buyer of last resort” by federal policymakers signal systematic support for the sector. As Google CEO Sundar Pichai stated to the BBC, an AI infrastructure bubble burst would represent “a total market contagion event,” effectively designating the sector as too integral to fail.

About AlphaTON Capital Corp. (Nasdaq: ATON)

AlphaTON Capital is a specialized digital asset company focused on developing the Telegram ecosystem and managing a strategic reserve of TON tokens. The Company implements a comprehensive M&A and treasury strategy that combines direct token acquisition, validator operations, and strategic ecosystem investments to generate sustainable returns for shareholders. Through its operations, AlphaTON Capital provides public market investors with institutional-grade exposure to the TON ecosystem and Telegram’s billion-user platform while maintaining the governance standards and reporting transparency of a Nasdaq-listed company. Led by Chief Executive Officer Brittany Kaiser, Executive Chairman and Chief Investment Officer Enzo Villani, and Chief Business Development Officer Yury Mitin, the Company’s activities span network validation and staking operations, development of Telegram-based applications, and strategic investments in TON-based decentralized finance protocols, gaming platforms, and business applications.

AlphaTON Capital Corp is incorporated in the British Virgin Islands and trades on Nasdaq under the ticker symbol “ATON”. AlphaTON Capital, through its legacy business, is also advancing potentially first-in-class therapies that target known checkpoint resistance pathways to potentially achieve durable treatment response and improve quality of life for patients. AlphaTON Capital actively engages in the drug development process and provides strategic counsel to guide development of novel immunotherapy assets and asset combinations. To learn more, please visit https://alphatoncapital.com/.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or AlphaTON’s future financial performance and involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the development and adoption of AI technologies, cryptocurrency market volatility, regulatory developments, technical challenges in infrastructure deployment, and general economic conditions. AlphaTON undertakes no obligation to update any forward-looking statements, except as required by law.

Investor Relations:
AlphaTON Capital Corp
[email protected]
(203) 682-8200

Media Inquiries:
Richard Laermer
RLM PR
[email protected]
(212) 741-5106 X 216



Richard Laermer
AlphaTON (at) rlmpr.com

Suburban Propane Partners, L.P. Annual Report Available Online

PR Newswire


WHIPPANY, N.J.
, Nov. 26, 2025 /PRNewswire/ — Suburban Propane Partners, L.P. (NYSE:SPH), today announced that it has filed its Annual Report on Form 10-K for its fiscal year ended September 27, 2025, with the Securities and Exchange Commission (“SEC”).

A link to the fiscal 2025 Annual Report on Form 10-K, as filed with the SEC, is available on the Partnership’s website at www.suburbanpropane.com.

Upon written request, the Partnership will provide to any unitholder or noteholder, without charge, a hard copy of its Annual Report on Form 10-K for the year ended September 27, 2025. Requests should be directed to: Suburban Propane Partners, L.P., Investor Relations, P.O. Box 206, Whippany, New Jersey 07981-0206.

About Suburban Propane Partners, L.P.
Suburban Propane Partners, L.P. (“Suburban Propane”) is a publicly traded master limited partnership listed on the New York Stock Exchange. Headquartered in Whippany, New Jersey, Suburban Propane has been in the customer service business since 1928 and is a nationwide distributor of propane, renewable propane, renewable natural gas (“RNG”), fuel oil and related products and services, as well as a marketer of natural gas and electricity and producer of and investor in low carbon alternatives, servicing the energy needs of approximately 1 million residential, commercial, governmental, industrial and agricultural customers through approximately 750 locations across 42 states.

Suburban Propane is supported by three core pillars: (1) Suburban Commitment to Excellence – showcasing Suburban Propane’s almost 100-year legacy, an ongoing commitment to the highest standards for dependability, flexibility, and reliability that underscores Suburban Propane’s commitment to excellence in customer service; (2) SuburbanCares – highlighting continued dedication to giving back to local communities across Suburban Propane’s national footprint; and (3) Go Green with Suburban Propane – promoting the clean burning and versatile nature of propane and renewable propane as a bridge to a green energy future and investing in the next generation of innovative, renewable energy alternatives.

For additional information on Suburban Propane, please visit www.suburbanpropane.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/suburban-propane-partners-lp-annual-report-available-online-302626093.html

SOURCE Suburban Propane Partners, L.P.

Bigger. Better. Crave’s Expansion Is Here: More Leading Content, One Powerful Service

Canada NewsWire

– Crave adds more than 10,000 hours of content, including breaking news, select major sports and entertainment events from CTV and Noovo, more hit series, and expanded kids collection –

– The expansion increases Crave’s content portfolio by 30%, with a portion available through a free account –

– Crave now also features numerous improvements to the user experience –


TORONTO
, Nov. 26, 2025 /CNW/ – Bell Media, Canada’s leading media and entertainment company, unveiled today a significant transformation of its flagship streaming service, Crave. Canada’s largest homegrown streamer just got bigger and better, offering direct access to live programming from leading Bell Media brands, including CTV and Noovo. Viewers can now enjoy more hit series, local and national news in both English and French, major sporting and live entertainment events including award shows, and an expanded kids’ library. This is in addition to Crave’s already vast library of English and French-language content, which includes HBO and HBO Max Originals and Crave Originals, totalling more than 40,000 hours of content.

The revamped Crave platform also boasts numerous user experience and interface improvements. These include a Top 10 list, enhanced personalization recommendations, and language preference features, a more dynamic advertising experience, and a redesigned Connected TV interface.

This revitalization is complemented by a bold, new brand identity that injects depth, dimension, and energy into the Crave experience. The refreshed look captures the dynamic journey of Crave and offers a more elevated and engaging platform for users. Click here for images.

All this comes at no additional cost for current subscribers. Packages are available starting at $11.99 for Crave Standard With Ads (formerly Crave Basic) and $22 for Crave Premium.

Users also have the option to sign-up with a Bell Media account, providing free ad-supported access to catch up on the latest episodes from CTV’s and Noovo’s hottest shows, plus a library of iconic movies and series from CTV Throwback and CTV Movies.

Crave’s expanded offering now includes:

  • Live Local and National News: CTV News and Noovo Info newscasts, major events including election night broadcasts, and CTV News/Noovo Info specials.
  • Select Sports events (through live CTV and Noovo channels): CFL, PGA TOUR, FORMULA 1® races including the FORMULA 1 GRAND PRIX DU CANADA, FIFA international soccer events, and more.
  • More Hit Shows and Major Live Entertainment events: Including the OSCARS®, EMMY® AWARDS, ETALK live coverage, GALA QUÉBEC CINÉMA, and more.
  • Unrivaled content: Exclusive HBO and Max Originals, CTV and Noovo Original and hit series, blockbuster movies, and iconic series like FRIENDS, THE OFFICE, GILMORE GIRLS, BROOKLYN 99, and ER.
  • Exclusive Crave Originals: Including HEATED RIVALRY, PROJECT RUNWAY CANADA, EMPATHIE, OD TENTATIONS AU SOLEIL, DERIVE, SHORESY, VIE$ DE RÊVE, and more.
  • Kids Content: A deep catalogue of popular kids programming, including a wide selection from Nickelodeon.
  • Free Catalogue: A large catalogue of movies and shows, including CTV Movies and CTV Throwback, previously only available on CTV.ca and Noovo.ca

TSN and RDS remain available with a separate subscription, and STARZ can be accessed as a Crave add-on. Bundle offers are also available.


About Crave

Crave is the largest Canadian-owned streamer delivering an unparalleled content offering with HBO and Max Originals, STARZ, Hollywood-hit movies, and iconic series including FRIENDS, THE OFFICE, and more. It also boasts an ever-growing and globally renowned slate of English and French original series. Crave is available directly to all Canadians with access to the Internet at Crave.ca, via iOS and Android, and other platforms such as Amazon Fire TV, Prime Video Channels, Android TV, Apple TV, Chromecast, Hisense, LG Smart TVs, PlayStation, Roku, Samsung Smart TVs, Xbox One and participating TV service providers. Crave is from Bell Media, Canada’s leading media and entertainment company. Visit our website at Crave.ca.


About Bell Media

Bell Media is Canada’s leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and digital media. This includes Canada’s most-watched television network, CTV; the largest Canadian-owned video streamer, Crave, with a premium add-on to include STARZ; a powerful suite of specialty channels; the most-trusted news brand, CTV News; Canada’s cross-platform sports leaders, TSN and RDS; leading out-of-home advertising network, Astral; Québec’s fast-growing conventional French-language network, Noovo; the country’s leading radio and podcast app, iHeartRadio Canada; and a range of award-winning original productions, brands, and services. As a content leader and partner in Sphere Media, Sphere Abacus, Montréal’s Grande Studios, and Dome Productions, one of North America’s leading production facilities providers, Bell Media is committed to keeping Canadians entertained and informed.

Bell Media also offers best-in-class technology, marketing, and analytics support through Bell Marketing Platform, an omnichannel self-serve platform which includes Bell Audience Manager, Strategic Audience Management (SAM), and Bell Attribution Insights, in addition to advanced advertising solutions, including Live Connected TV and ads on Crave. Bell Media is part of BCE Inc. (TSX, NYSE: BCE), Canada’s largest communications company. 1 Learn more at BellMedia.ca.
1 Based on total revenue and total combined customer connections.

SOURCE Bell Media Inc.

American Airlines to present at Goldman Sachs and Bernstein conferences

FORT WORTH, Texas, Nov. 26, 2025 (GLOBE NEWSWIRE) — American Airlines Group Inc. (NASDAQ: AAL) will present at the 2025 Goldman Sachs Industrials and Materials Conference on Wednesday, Dec. 3, at 3:05 p.m. CT and the Bernstein Insights 4th Annual Industrials Forum on Wednesday, Dec. 10, at 8 a.m. CT. A live webcast of the conferences will be available at aa.com/investorrelations.

About American Airlines Group

As a leading global airline, American Airlines offers thousands of flights per day to more than 350 destinations in more than 60 countries. The airline is a founding member of the oneworld alliance, whose members serve more than 900 destinations around the globe. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL. Learn more about what’s happening at American by visiting news.aa.com and connect with American @AmericanAir and at Facebook.com/AmericanAirlines. To Care for People on Life’s Journey®.

Corporate Communications


[email protected]

Investor Relations


[email protected]



Yatra Strengthens Leadership for Next Phase of Growth

Yatra Strengthens Leadership for Next Phase of Growth

Elevates Co-Founder Dhruv Shringi to Executive Chairman; Appoints Siddhartha Gupta as CEO

GURUGRAM, India & NEW YORK–(BUSINESS WIRE)–
Yatra Online, Inc. (NASDAQ: YTRA) (the “Company”), India’s leading corporate travel services provider and one of India’s leading online travel companies, today announced a strategic leadership transition to power its next phase of growth.

Yatra Co-Founder Dhruv Shringi, who has successfully steered the Company as Chief Executive Officer since inception, has now been elevated to the position of Executive Chairman of the Board. In this new role, he will guide Yatra’s long-term vision with a sharp focus on global expansion, innovation, and shareholder value creation, working in close collaboration with the Board and leadership team.

The company also announced the appointment of Siddhartha Gupta as its new Chief Executive Officer, effective November 25, 2025. With over 25 years of experience in enterprise technology and B2B SaaS, Siddhartha brings proven expertise in scaling businesses, driving digital transformation, and building strong customer partnerships. His leadership track record includes senior roles at SAP, HP, and high-growth SaaS ventures in India and overseas.

Commenting on the transition, Dhruv Shringi, Executive Chairman, Yatra Online, said, “It has been a privilege to lead Yatra since its inception and to see it evolve into one of India’s most trusted and innovative travel brands, serving both corporate and consumer segments. With Siddhartha coming on board, we are bringing in the right leadership at the right time. His depth of experience in enterprise sales and SaaS aligns perfectly with Yatra’s B2B-first strategy. Yatra has always been ahead of the curve in anticipating the needs of businesses, and with Siddhartha’s expertise, I am confident we will not only consolidate our leadership in India but also unlock new growth opportunities globally. I look forward to collaborating with Siddharth and the team to further strengthen Yatra’s leadership in corporate travel and expand our footprint globally.”

Siddharth Gupta, CEO, Yatra Online, said, “I am excited to join Yatra at such a pivotal point in its journey. The company has built a strong foundation with a powerful brand, deep customer relationships, and a leadership position in the corporate travel space. My focus will be on accelerating growth, enhancing our technology and service portfolio, and delivering greater value to our customers. Together, we will scale Yatra to new heights, strengthen our international presence, and continue setting benchmarks in managed business travel.”

Over the past 12 months Yatra has onboarded 148 new corporate clients representing an annual potential business worth Rs 700+ crores. These milestones underscore our strong growth trajectory in the corporate travel segment and reaffirm our position as the preferred partner for businesses seeking managed travel solutions.

By combining proven leadership with fresh expertise, Yatra is poised to enter its next chapter of growth and deepen its market leadership in India while charting new growth opportunities internationally. The Company remains firmly committed to innovation, customer value, and strengthening its position as the preferred partner for managed business travel.

As part of our ongoing restructuring efforts, the Company has identified a viable structure to pursue. While certain challenges remain, Yatra is actively managing processes across jurisdictions. Given the complexity, the timeline remains uncertain; however, the Company is fully committed to this transition. This step is critical for unlocking value for Yatra and its shareholders. The Company will continue to provide updates as progress is made.

About Yatra Online, Inc.

Yatra Online, Inc. is the ultimate parent company of Yatra Online Limited, a public listed company on the NSE and BSE (Hereinafter referred to as “Yatra India”), whose corporate office is based in Gurugram, India. Yatra India is India’s largest corporate travel services provider in terms of number of corporate clients with over 1,300 large corporate customers and approximately 59,000 registered SME customers and the third largest online travel company in India among key online travel agency (“OTA”) players in terms of gross booking revenue and operating revenue for Fiscal 2023 (Source: CRISIL Report). Leisure and business travellers use Yatra India’s mobile applications, its website, www.yatra.com, and its other offerings and services to explore, research, compare prices and book a wide range of travel-related services. These services include domestic and international air ticketing on nearly all Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings and ancillary services within India. With approximately 80,000 hotels and homestays in approximately 1,500 cities and towns in India as well as more than 2.5 million hotels around the world, Yatra India has the largest hotels inventory amongst key Indian OTA players.

Yatra Online, Inc.

[email protected]

KEYWORDS: New York United States India North America Asia Pacific

INDUSTRY KEYWORDS: Technology Internet Transportation Lodging Vacation Destinations Retail Cruise Online Retail Travel

MEDIA:

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New Jersey American Water Donates $25,000 and 1,000 Pounds of Food Through Statewide Food Drive for New Jersey Food Banks

New Jersey American Water Donates $25,000 and 1,000 Pounds of Food Through Statewide Food Drive for New Jersey Food Banks

CAMDEN, N.J.–(BUSINESS WIRE)–
New Jersey American Water recently donated $25,000 to ten food banks across the state and held food drives at each of its operating centers, which garnered over 1,000 pounds of food in donations from employees and company partners. The company announced its pledge to donate and kicked off the food drive in late October to provide emergency relief to food banks facing increases in demand due to the federal shutdown.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251126078760/en/

New Jersey American Water employees from its Salem Operating Center, package food and essential item donations for St. John's Pentecostal Church food bank in Salem. Pictured from left: Emily Zidanic, Sr. Supervisor of Operations, Harron Jefferies, Sewer Operator Mechanic, Cameron Cagle, Sewer Operator Mechanic, Ivan Porter, Sewer Operator Mechanic, Pam Rushing, Operations Specialist, Michael Gonserkevis Jr. Sr. Superintendent of Operations, and Curt Hunter, Sewer Operator Mechanic.

New Jersey American Water employees from its Salem Operating Center, package food and essential item donations for St. John’s Pentecostal Church food bank in Salem. Pictured from left: Emily Zidanic, Sr. Supervisor of Operations, Harron Jefferies, Sewer Operator Mechanic, Cameron Cagle, Sewer Operator Mechanic, Ivan Porter, Sewer Operator Mechanic, Pam Rushing, Operations Specialist, Michael Gonserkevis Jr. Sr. Superintendent of Operations, and Curt Hunter, Sewer Operator Mechanic.

“Access to basic needs like clean water and nutritious food is essential for healthy communities,” said Kimberly Schalek Downes, vice president of Business Development, Government & External Affairs at New Jersey American Water. “By partnering with food banks across the state, we’re proud to help provide relief during this challenging time and support our neighbors who need it most.”

According to the Community Food Bank of New Jersey and Feeding America’s latest analysis, nearly 1.1 million New Jerseyans, including more than 270,000 children, are food insecure, a 65% increase since 2020. To help combat this, donations from New Jersey American Water and its employees directly benefit the following food banks:

“I’m humbled by the enthusiasm of our employees to give back,” said Schalek Downes. “Their dedication reflects the heart of our company and our commitment to the communities we serve.”

For more information about food insecurity and to locate a food bank near you, visit www.feedingamerica.org.

About New Jersey American Water

New Jersey American Water, a subsidiary of American Water (NYSE: AWK), is the largest regulated water utility in the state, providing safe, clean, reliable and affordable water and wastewater services to approximately 2.9 million people. For more information, visit www.newjerseyamwater.com and follow New Jersey American Water on LinkedIn, Facebook, X, and Instagram.

Media Contact:

Erin Banes

Sr. Manager of External Communications

New Jersey American Water

[email protected]

KEYWORDS: New Jersey United States North America

INDUSTRY KEYWORDS: Environmental Issues Philanthropy State/Local Women Other Philanthropy Men Utilities Public Policy/Government Environment Energy Consumer

MEDIA:

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New Jersey American Water employees from its Salem Operating Center, package food and essential item donations for St. John’s Pentecostal Church food bank in Salem. Pictured from left: Emily Zidanic, Sr. Supervisor of Operations, Harron Jefferies, Sewer Operator Mechanic, Cameron Cagle, Sewer Operator Mechanic, Ivan Porter, Sewer Operator Mechanic, Pam Rushing, Operations Specialist, Michael Gonserkevis Jr. Sr. Superintendent of Operations, and Curt Hunter, Sewer Operator Mechanic.
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PMI U.S. Launches “Thanks for Giving” to Honor Community Service Across the Southeast

PR Newswire

Campaign Highlights Generosity and Commitment to Improving Lives


STAMFORD, Conn.
, Nov. 26, 2025 /PRNewswire/ — Philip Morris International’s U.S. businesses (“PMI U.S.”) today announced the launch of “Thanks for Giving,” a call to action inspiring business and individuals to recognize and support the charitable organizations and individuals working every day to build stronger communities. As Americans pause to recognize Thanksgiving and #GivingTuesday, the Thanks for Giving campaign highlights the spirit of generosity that drives impact year-round, while celebrating the extraordinary service of charitable partners—from national nonprofits to local organizations working tirelessly in communities across the nation.

“#GivingTuesday started as a single day of goodwill, but the true impact comes when generosity—and accountability with those investments—becomes part of our everyday behavior,” said Marian Salzman, Senior Vice President, PMI U.S., who was a driving force behind creating GivingTuesday in 2012. “At PMI U.S., generosity isn’t limited to a season. Since 2022, our giving has exceeded $35 million, and our employees have increased their participation in community programs by 400 percent. Saying thank you is powerful. But living it—365 days a year, with transparency and purpose—is even more meaningful.”

Since 2024, PMI U.S. has contributed nearly $6.7 million to 361 organizations across the Southeast region, supporting communities in need and the company’s core giving pillars, including more than $3.9 million for economic empowerment initiatives and over $1 million toward veterans and military support. With that support, organizations are enabled to further drive meaningful community-level change to improve lives.

“The strong participation and support from partners like PMI U.S., enable WKRBC to effectively execute its mission,” said Vicki Lynn Smith, Director of Communications, Development & Recruitment for Western Kentucky Regional Blood Center. “WKRBC is the sole supplier of blood and blood products to eight regional hospitals and three air ambulances. Our promise is to provide any amount, of any type of blood, at any time. Their financial generosity and sponsorship of employee blood drives perfectly demonstrate PMI U.S.’s commitment to the sustained health of the region. We thank them for their generosity as well as their role in helping us deliver on this promise.”

“The Fondren Renaissance Foundation thanks PMI U.S. for its support of our efforts in the greater Fondren area,” said Douglas R. Boone, PMP, Executive Director of Fondren Renaissance Foundation. “This contribution strengthens our work to preserve, enhance, and uplift the Fondren community. We appreciate PMI U.S.’s continued commitment to our mission and its investment in helping our neighborhood continue to thrive.”

The “Thanks for Giving” campaign also spotlights the WeCare program, which empowers PMI U.S. employees to nominate nonprofits for company-funded donations. In 2025, it directed over $1,860,000 million to over 400 local organizations across 44 states and the District of Columbia. This brings PMI U.S.’s total contributions since 2022 to more than $35 million nationwide.

As a result, PMI U.S. employees helped direct more than $1 million in company-sponsored funds to support various nonprofits across the region, including Manna Food Bank, Friends of Butler County Animal Shelter, Veterans Empowered Together, K9s for Warriors, and Stop Soldier Suicide.

Thanks for Giving is part of PMI U.S.’s pragmatic philanthropy—a better approach to corporate giving built on listening, investing for impact, and bringing others together to support those who are doing meaningful work every day. Learn more about PMI U.S.’s approach to philanthropy here.

PMI U.S.: Invested in America
Philip Morris International Inc.’s U.S. businesses are invested in America’s future and advancing a smoke-free nation. The businesses are committed to providing the approximately 30 million legal-age consumers who smoke cigarettes with better, smoke-free alternatives and to ensuring the products are marketed responsibly. From PMI’s global headquarters in Stamford, Connecticut, and other locations nationwide, PMI U.S. contributes leadership, jobs, investment, and innovation in the U.S. The U.S. businesses employ more than 3,000 people across America and operate product manufacturing facilities, including in Owensboro, Kentucky, and Wilson, North Carolina. For more information, please visit www.uspmi.com.

References to “PMI” mean the Philip Morris International family of companies. “PMI U.S.,” “we,” “our,” and “us” refer to one or more PMI U.S. businesses.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/pmi-us-launches-thanks-for-giving-to-honor-community-service-across-the-southeast-302626806.html

SOURCE PMI US Corporate Services, Inc.

Reliance Global Group Increases Zcash (ZEC) Position Through Additional Cash Deployment

Additional Cash Deployment Reflects Confidence in ZEC’s Role Within Reliance’s Long-Term Treasury Strategy

LAKEWOOD, NJ, Nov. 26, 2025 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (Nasdaq: RELI) (“Reliance”, “we” or the “Company”) today announced that it has deployed additional cash into its Zcash (ZEC) position, as part of its focused Digital Asset Treasury (“DAT”) strategy. This step follows Reliance’s recent consolidation of its digital asset holdings into Zcash and reflects the Company’s current view of ZEC as its primary digital asset exposure within that strategy.

Zcash’s architecture, featuring a Bitcoin-based security model enhanced with optional privacy and selective disclosure, continues to distinguish it from other blockchain networks. Its dual-transaction model provides transparency when appropriate while enabling confidential, shielded transactions when needed, aligning Zcash with real-world regulatory, governance, and institutional requirements. Reliance believes these features, together reinforce Zcash’s position as a leading privacy-preserving digital asset.

“We deployed additional cash into our Zcash position because our ongoing analysis supports our decision to maintain ZEC as our primary digital asset exposure within our treasury strategy,” commented Moshe Fishman, Director of Insurtech at Reliance and member of the Company’s Crypto Advisory Board. “Zcash’s architecture, anchored by Bitcoin-based fundamentals but enhanced with privacy capabilities, offers a combination of transparency, security, and optional confidentiality that we believe will become increasingly important as digital assets mature and institutional participation accelerates.”

“Zcash’s technology and privacy-preserving features support our view that privacy-enabled digital assets may play a role in the continued maturation of digital asset markets,” said Ezra Beyman, Chairman and CEO of Reliance Global Group. “Our focused and disciplined strategy is intended to provide clarity around our digital asset approach and to position Reliance to participate, in a measured way, in the evolution of privacy-enabled, compliance-ready digital assets. We believe this expanded position is consistent with our long-term value creation objectives and overall Digital Asset Treasury framework.”

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by words such as “may,” “should,” “could,” “would,” “will,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” and similar expressions and include, without limitation, statements regarding: (i) our expectation that consolidating our Digital Asset Treasury into Zcash (ZEC) and actively managing that position may support our long-term Digital Asset Treasury strategy and shareholder value; (ii) our belief that Zcash’s technology, including its privacy-preserving features and selective disclosure capabilities, may provide resilience and growth potential for our treasury portfolio; (iii) our expectation that our governance, custody, risk management and compliance processes will enable responsible management of ZEC and other digital assets, if any, within a public-company framework; (iv) our belief that our participation in the Zcash ecosystem, and in blockchain initiatives more broadly, may position Reliance to benefit as institutional and commercial adoption evolves; and (v) other statements regarding our future financial and operating performance, business strategy, technology initiatives (including blockchain and AI), capital allocation (including dividends), and execution.

These forward-looking statements are based on current expectations and assumptions, including, among others: (a) our ability to implement and adapt our Digital Asset Treasury strategy focused on Zcash (ZEC) as approved by the Board; (b) sufficient stability, liquidity and market infrastructure in cryptocurrency and blockchain markets, including the market for ZEC, to execute that strategy; (c) regulatory, accounting and tax frameworks that permit our participation in digital asset markets, including holdings of privacy-preserving cryptocurrencies such as Zcash; (d) the absence of material adverse changes in market, economic or regulatory conditions affecting digital assets generally or Zcash specifically; and (e) the availability of sufficient liquidity, retained earnings and other legally available funds to support any declared dividends, as determined by our Board in its discretion.

Actual results could differ materially from those anticipated due to risks and uncertainties, including, without limitation: volatility, illiquidity or declines in cryptocurrency markets generally and in the market for ZEC in particular; the concentration of our Digital Asset Treasury in a single digital asset; operational, custody, cybersecurity and other technological risks associated with acquiring, holding and transferring digital assets; changes in laws, regulations, accounting standards or enforcement priorities (including with respect to privacy-preserving cryptocurrencies, anti-money laundering and sanctions compliance) that adversely affect digital asset holdings, Zcash or blockchain initiatives; challenges integrating blockchain technologies, including Zcash, with our businesses; competitive pressures from Insurtech, blockchain or digital-asset market participants; our ability to declare, fund and pay dividends in the future, which are at the discretion of our Board and depend on, among other things, our results of operations, cash flows, capital requirements, debt covenants, and applicable law; risks associated with development, integration and governance of AI technologies, including data, ethics, regulatory and cybersecurity considerations; and other risks described under “Risk Factors” in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2024 (as amended), our subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date made. Except as required by law, Reliance Global Group, Inc. undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

This press release is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities of Reliance Global Group, Inc. or any other person, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Any references to historical or past performance, including with respect to the price or market performance of Zcash (ZEC) or any other digital asset, are provided for illustrative purposes only and should not be relied upon as a guarantee of, or indication of, future results. Digital assets, including cryptocurrencies such as ZEC, involve a high degree of risk and have experienced, and may continue to experience periods of significant price volatility and market dislocation. Their value may fluctuate rapidly and could decline, including to zero. There can be no assurance that any current digital asset strategy will be successful or will achieve any particular outcome.

Contact:
Crescendo Communications, LLC
Tel: +1 (212) 671-1020
Email: [email protected]



Quantum Biopharma’s USD $700 Million Lawsuit Alleging Stock Market Manipulation Subject of 3-part Series Investigative News Program W5

TORONTO, Nov. 26, 2025 (GLOBE NEWSWIRE) — Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) (FRA: 0K91) (“Quantum BioPharma”), is pleased to announce that national television network CTV News’ flagship investigative program W5 will air, starting today, a three-part series about Quantum Biopharma and the company’s allegations of stock market manipulation.

Top CTV News journalist and W5 investigative reporter Jon Woodward describes Part One of the series in an article entitled, “Was a Canadian company’s multiple sclerosis research nearly derailed by ‘market manipulation’?” The series explores the phenomenon of “stock spoofing,” a market manipulation tactic that is illegal in both Canada and the United States, and the basis of a USD $700 million lawsuit by Quantum Biopharma against two of Canada’s largest banks CIBC and RBC.

The first of three parts of the W5 investigative series can be viewed today on CTV News at: W5: MS research derailed by stock market spoofing: lawsuit

Quantum BioPharma Chief Executive Officer Zeeshan Saeed commented, “We thank W5 for their important investigation into the illegal, but little known, practice of stock spoofing and some of its harmful effects on retail investors. Our goal has always been to bring Lucid-MS – a potentially game-changing drug that in animal studies has been shown to stop and even reverse the degradation of nerve cells (a hallmark of multiple sclerosis) giving back mobility and control to the body unlike any drug today for the benefit of millions of people around the world who courageously live with this progressive and debilitating disease. By shining a light on our experience with alleged stock market manipulation, we hope to prevent other companies, their shareholders and their beneficiaries, from experiencing what we have been through.”

For more information visit: www.quantumbiopharma.com

About Quantum BioPharma Ltd.

Quantum BioPharma (NASDAQ: QNTM) 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 BioPharma 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 BioPharma invented unbuzzd™ and spun out its OTC version to a company, Celly Nutrition Corp. (“Celly Nutrition”), now Unbuzzd Wellness Inc., led by industry veterans. Quantum BioPharma retains ownership of 19.86% as of September 30, 2025 of Unbuzzd Wellness Inc. at www.unbuzzd.com. The agreement with Unbuzzd Wellness Inc. also includes royalty payments of 7% of sales from unbuzzd™ until payments to Quantum BioPharma total $250 million. Once $250 million is reached, the royalty drops to 3% in perpetuity. Quantum BioPharma retains 100% of the rights to develop similar products or alternative formulations specifically for pharmaceutical and medical uses. Quantum BioPharma maintains a portfolio of strategic investments through its wholly owned subsidiary, FSD Strategic Investments Inc., which represents loans secured by residential or commercial property. For more information visit www.quantumbiopharma.com.

Forward-Looking Information

This press release contains certain “forward-looking statements” within the meaning of applicable securities law. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as “believes”, “hopes”, “alleges”, “pending”, “further”, or variations of such words and phrases or statements that certain actions events or results “may”, “could”, “which”, or “will” and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking information herein includes, but is not limited to, statements regarding: the Company’s ongoing litigation against major financial institutions; the potential outcome or judgment value; expectations regarding whistleblower submissions and related rewards; continued market integrity initiatives; future business performance and possible acquisitions.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation: the ability to obtain and validate whistleblower evidence; the timing and outcome of legal proceedings; resolution of ongoing litigation on favourable terms, availability and sufficiency of litigation funding; continued regulatory compliance and market stability for the Company’s operations.

The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The above lists of forward-looking statements and assumptions are not exhaustive. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated or implied by such forward-looking statements due to a number of factors and risks. These include: the adverse outcome of legal actions; the receipt and credibility of whistleblower disclosures; changes in applicable laws and regulations; the actions of third parties involved in alleged manipulation; evolving market dynamics; the sufficiency of future litigation proceeds to fund the Company’s whistleblower reward; the continued ability to obtain sufficient litigation funding; limited future growth opportunities, and reliance on key personnel.

Except to the extent required by applicable securities laws and the policies of the Canadian Securities Exchange, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.

The reader is urged to refer to additional information relating to Quantum BioPharma, including its annual information form, can be located on the SEDAR+ website at www.sedarplus.ca and on the EDGAR section of the SEC’s website at www.sec.gov for a more complete discussion of such risk factors and their potential effects.

Contacts:

Quantum BioPharma Ltd.

Zeeshan Saeed, Founder, CEO and Executive Co-Chairman of the Board
Email: [email protected]
Telephone: (833) 571-1811

Investor Relations

Investor Relations: [email protected]
General Inquiries: [email protected]



Patria Investments announces acquisition of 51% stake in Solis Investimentos, a leading Asset Back Security-focused manager in Brazil

Partnership supports Solis’ next phase of growth, while further expanding Patria’s leading Credit franchise in Latin America, adding approximately US$ 3.5 bn in Assets Under Management in the fast-growing CLO market

GRAND CAYMAN, Cayman Islands, Nov. 26, 2025 (GLOBE NEWSWIRE) — Patria Investments Limited (“Patria”) (NASDAQ: PAX), a global alternative asset manager, announced today the agreement to acquire 51% of Solis Investimentos, a Brazilian investment manager specializing in the structuring and management of CLOs. The CLO market in Brazil has been benefiting from a variety of structural and secular trends which have driven asset growth at a compound annual growth rate (“CAGR”) of 35% over the last 5 years.

Upon completion of the transaction, the addition of Solis’ approximate US$ 3.5 bn of Fee-Earning AUM (“FEAUM”) will increase Patria’s total Credit FEAUM by over 40% to more than US$ 11.7 bn pro-forma as of 3Q25, solidifying its position as a leading Credit platform in Latin America. Pro-forma for the transaction, Credit will account for over 25% of Patria’s total FEAUM.

The partnership positions Solis for a new cycle of growth by connecting its high-quality credit origination, analysis, and monitoring capabilities to Patria’s platform, expanding its access to both local and global capital.

Founded in 2015, and led by Delano Macedo and Ricardo Binelli, Solis is today a market leader in the CLO segment in Brazil, bolstered by strong market relationships, including robust access to capital and originators.

Solis serves a diversified investor base, including asset managers, bank treasuries, family offices and other wealth management clients. Solis originates, structures, and directly manages closed-end CLOs in Brazil targeting institutional investors, in addition to managing commingled evergreen allocator CLO fund of funds, targeting both institutional investors and wealth management clients.

Following the acquisition, the partners will continue to lead Solis. The team, comprising over 100 professionals, will remain in their current roles, with offices in Fortaleza and São Paulo, Brazil.

José Augusto Teixeira, Partner, said: “This strategic acquisition helps us expand and further consolidate our leading position as a Credit platform in Latin America, while significantly strengthening our origination capabilities in a large, underserved, and rapidly growing market. We see significant structural tailwinds supporting the growing penetration of non-bank, asset-backed instruments like CLOs as solutions to companies’ and individuals’ demand for credit. Solis’ expertise in large-scale origination, analysis and monitoring is highly complementary to our business. We will combine Solis’ speed and technical capability with Patria’s sector intelligence and access to global and local capital to strengthen both platforms and better serve clients and businesses.”

“Solis is recognized by the market as the Brazilian home of CLOs, thanks to the expertise of its professionals in creating solutions for investors. Although our strategy remains the same, in this new phase the company continues its journey of sustainable growth, with even greater potential to create vehicles for those seeking the security of CLOs in their portfolio allocation strategies,” said Ricardo Binelli, Partner of Solis Investimentos.

Delano Macedo, Partner, said, “The DNA of Solis that brought us here will be respected and preserved. From the perspective of borrowers, where we have stood out by creating customized solutions, it is important to emphasize that we will achieve significant reach gains through integration, combining Patria’s strength in the market with everything we have been building, further enhancing Solis’s presence as a leader in structuring CLOs.”

Solis currently manages over 120 funds and serves more than 30,000 investors. On aggregate, Solis’ funds have grown at an approximate 45% CAGR since 2021, exceeding the market’s annual average of 35%.

The transaction is expected to be accretive in the first year. Additional information will be posted to the Shareholders section of Patria’s website at https://ir.patria.com/.

About Patria Investments

Patria is a global middle market alternative asset manager, specializing in key resilient and growth sectors. We are a leading asset manager in Latin America and have a strong presence in Europe through our extensive network of General Partners relationships. Our on-the-ground presence combines investment leaders, sector experts, company managers, and strategic relationships, allowing us to identify compelling investment opportunities accessible only to those with local proficiency. With 37 years of experience and over $51 billion in assets under management, we consistently deliver attractive returns through long-term investments, while promoting inclusive and sustainable development in the regions where we operate. Further information is available at www.patria.com.

Forward-Looking Statements

This press release may contain 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. You can identify these forward-looking statements by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “can,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include but are not limited to those described under the section entitled “Risk Factors” in our annual report on Form 20-F, as such factors may be updated from time to time in our periodic filings with the United States Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in our periodic filings. The forward-looking statements speak only as of the date of this press release, and we undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.


Media contact:

Burson / +44 20 7113 3468 / [email protected] 


Patria Shareholder Relations:

E. [email protected]
T. +1 917 769 1611