Market Newsdesk

May 15, 2026 5:14 pm

U Power Reports Financial Results for Full Year of 2025

PR Newswire

Transitioning to a

Provider of Sustainable Mobility and Energy Solutions by Expanding into AI-Driven Energy Management Solutions for IDCs

SHANGHAI, May 15, 2026 /PRNewswire/ — U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a provider of AI-integrated solutions for next-generation energy grids and intelligent transportation systems, building on its proprietary UOTTA^TM electric vehicle (EV) battery-swapping technology, today announced its financial results for the full year ended December 31, 2025 (“FY 2025”).^[1]

FY 2025 Financial Highlights

Total revenue of RMB41.1 million (or $5.9 million), compared to RMB44.3 million in the same period of 2024.
Gross profit of RMB14.9 million (or $2.1 million), compared to RMB10.5 million in the same period of 2024. Gross margin of 36.3%, compared to 23.6% in the same period of 2024.
Net loss of RMB 80.5 million (or $11.4 million), compared to RMB56.3 million in the same period of 2024.
Cash and cash equivalents of RMB22.0 million ($3.1 million) as of December 31, 2025, compared to RMB23.4 million as of December 31, 2024.

FY 2025 Operational Highlights

Thailand:
- Delivered Southeast Asia’s first battery-swapping taxi fleet in Phuket Island, and the region’s first smart battery-swapping station.
- Strategic partnership with Whale Logistics Ltd. (“Whale Logistics”), to deploy up to 1,000 battery-swapping electric truck tractors, as part of a broader plan to deliver 4,200 SAIC-Hongyan heavy trucks.
- Deployment of battery-swapping agricultural drones through a partnership with Chia Tai Co., Ltd.
Hong Kong SAR:
- Inaugurated Hong Kong’s first operational smart battery-swapping station and plans to build, install and operate a total of 50 stations, and deploy 300 battery-swapping vehicles.
Southern Europe:
- Joint venture with ANTRAL to deliver battery-swapping stations serving 150-200 electric vehicles for taxi drivers.
- Initial €540,000 sales agreement with Polestar Energy S.L. for the deployment of twenty battery-swapping electric vans and a supporting station in Italy; potential expansion across Spain, Portugal, and Albania.
Latin America:
- Mexico: Strategic partnership to deploy battery-swapping vehicles for ride-hailing services.
- Peru: Pilot project of two/three-wheeled vehicles for Treep Mobility Group S.A.C.; sold and delivered 50 two- and three-wheeled vehicles, eight battery-swapping cabinets and a corresponding number of compatible batteries for taxi services.

^[1]

All amounts presented in U.S. dollars ($) in this news release are based on a conversion rate of RMB7.0288 to $1.00 for the reporting period ended December 31, 2025.

Year-to-Date 2026 Operational Milestones

U Power entered 2026 focused on scaling its UOTTA™ battery‑swapping platform in international markets while expanding into digital and AI‑driven energy solutions. Year‑to‑date 2026 operational milestones include:

Further expansion in key markets:
- Thailand: Passed comprehensive operational testing and full‑stack integration for heavy‑duty truck prototypes; production of first batch of 30 trucks completed, with shipment to Whale Logistics scheduled for late May 2026 under the 1,000‑vehicle plan.
- Hong Kong SAR: Completed road testing and compatibility validation of battery-swapping taxi fleet; first batch of 60 taxis and a supporting battery-swapping station expected to be delivered in the second quarter of 2026.
New business initiatives:
- Tokenized real‑world assets: Launched its first regulatory-compliant tokenized real-world assets (“RWA”) on the BNB Chain in January 2026, leveraging UOTTA™ technology; initial focus on the Southern Europe market, with planned expansion into other key markets.
- AI‑driven IDC energy solutions: Entered AI-driven energy management for Intelligent Data Centers (“IDCs”) in April 2026 through a joint venture with Guofu Hydrogen Energy (Hong Kong) Development Co., Limited and Cloud Digital Chain Limited , marking U Power’s strategic expansion into providing AI-driven energy management solutions.

Mr. Jia Li, CEO and Chairman of the Board of Directors of U Power, commented on the FY 2025 results, “2025 was a transformative year for U Power as we advanced our overseas battery-swapping strategy through international expansion and R&D investment. While revenue declined during the year, gross profit rose 42.6% and gross margin expanded to 36.3% from 23.6%, reflecting our shift toward higher-margin international markets. With RMB22.0 million in cash and cash equivalents, we believe we are well-positioned to support our 2026 growth pipeline. We also made operational progress across key international markets. In Thailand, the world’s first commercial battery-swapping taxi fleet is now in service, and in Hong Kong SAR, we deployed the first battery-swapping station under our planned 55-station rollout and continue progressing toward a commercial launch. We also advanced deployments in Peru and Southern Europe across multiple vehicle classes and station applications.”

Mr. Li concluded, “U Power is developing an AI-powered intelligent energy and transportation network. We believe our automated battery-swapping stations are not just efficient energy-replenishment facilities for commercial EVs, but critical infrastructure nodes linking cloud-based intelligent dispatch to real-world transportation. We anticipate this industrial-grade technology to deliver a ‘near-zero human intervention’ replenishment model for future Level 4 autonomous fleets. In parallel, we are endeavoring to advance the integration of AI within our energy storage systems, which we expect will allow us to optimize energy dispatch based on time-of-use pricing, unlocking both cost savings and potential power-market revenue. On the Web3 front, U Power is pursuing the RWA tokenization of its battery-swapping infrastructure, battery assets, and associated revenue streams. This approach aims to transform operational data and energy assets into a scalable digital-asset ecosystem.”

“Looking ahead, we are planning to broaden our platform into AI-driven energy solutions for IDCs which may position U Power as a more diversified sustainable mobility and energy solutions provider. We are encouraged by the continued confidence of our shareholders, which reflects a shared belief in U Power’s long-term strategic direction and value creation potential. We believe this strategy, combined with disciplined execution and a growing partner ecosystem, can drive meaningful growth in 2026.”

FY 2025 Financial Review and Analysis

Total net revenues for FY 2025 were RMB41.1 million (or $5.9 million), representing a decrease of 7.1% from RMB44.3 million during the fiscal year ended December 31, 2024 (“FY 2024”), primarily due to a decrease in revenues from product sales, partially offset by increased revenues from sourcing services and battery-swapping services. Specifically:

Net revenues from product sales of RMB36.6 million (or $5.2 million) decreased 12.4% during FY 2025 as compared to RMB41.8 million in FY 2024 and accounted for 89.1% of total net revenues. The decrease was mainly attributable to lower domestic deliveries, partially offset by overseas market expansion during the period.
Net revenues from sourcing services of RMB1.1 million (or $0.2 million) during FY 2025 increased materially as compared to RMB0.06 million in FY 2024 and accounted for 2.7% of total net revenues. The increase was primarily a result of the fleet of vehicles equipped with the Company’s proprietary UOTTA battery-swapping technology delivered to the Thailand and Hong Kong markets in FY 2025.
Net revenues from battery-swapping services of RMB3.4 million (or $0.49 million) increased 41.5% during FY 2025 as compared to RMB2.4 million in FY 2024 and accounted for 8.3% of total net revenues. The increase was a result of an increased number of vehicles utilizing battery-swapping services during the period, especially as more two-wheeled battery-swapping vehicles were delivered to the Peru market.

Gross profit for FY 2025 was RMB14.9 million (or $2.1 million), representing an increase of 42.6% from RMB10.5 million during FY 2024, mainly due to increased profits associated with overseas sales of battery-swapping stations. Similarly, gross margin improved to 36.3% during FY 2025, compared to 23.6% during FY 2024.

Total operating expenses for FY 2025 were RMB73.2 million (or $10.4 million), representing an increase of 6.9% from RMB68.5 million in FY 2024. The increase was mainly a result of RMB7.3 million higher allowance for expected credit losses, RMB5.7 million higher general and administrative expenses, RMB1.6 million higher research and development expenses and RMB0.6 million higher selling expenses, and was partially offset by the absence of FY 2024’s RMB10.5 million asset impairment loss. Specifically, for FY 2025:

General and administrative expenses of RMB52.6 million (or $7.5 million) increased by RMB5.7 million as compared to FY 2024, mainly as a result of expanded operations to support overseas market growth during the period.
Research and development expenses of RMB4.6 million (or $0.7 million) increased by RMB1.6 million as compared to FY 2024, primarily due to increased research investments to support technological compatibility of EVs during international expansion.
Sales and marketing expenses of RMB3.4 million (or $0.5 million) increased by RMB0.6 million as compared to FY 2024, primarily due to higher overseas marketing expenses incurred for business expansion initiatives.

Net loss was RMB80.5 million (or $11.4 million), compared to net loss of RMB56.3 million in FY 2024. Basic and diluted losses per common share were RMB15.05 (or $2.14), compared to RMB16.79 during FY 2024.

Cash and cash equivalents were RMB22.0 million ($3.1 million) as of December 31, 2025, compared to RMB23.4 million as of December 31, 2024. Working capital was RMB65.5 million ($9.3 million) as of December 31, 2025, compared to RMB48.2 million as of December 31, 2024.

Total assets were RMB378.8 million ($53.9 million) as of December 31, 2025, compared to RMB385.7 million as of December 31, 2024. Total liabilities were RMB84.2 million ($12.0 million), compared to RMB64.7 million as of December 31, 2024. Total shareholders’ equity was RMB271.0 million ($38.6 million), compared to RMB291.5 million as of December 31, 2024.

About U Power Limited

U Power is a provider of comprehensive AI-integrated energy solutions that connect electric vehicles (EVs) with advanced energy infrastructure, optimizing both mobility and grid performance. Originally a distributor of various battery-swapping station models built on its proprietary modular battery-swapping technology UOTTA™, U Power has evolved into a provider of AI-integrated solutions for energy grids and transportation systems.

Through investments in next-generation technologies, U Power is endeavoring to build intelligent ecosystems that integrate resilient AI driven solutions able to transform EVs into dynamic energy assets. By incorporating AI algorithms, U Power’s comprehensive solutions for smart energy grids are designed to support autonomous EV driving, optimize energy replenishment efficiency, and seamlessly connect EV assets with advanced AI-powered transportation systems, enabling peak and off-peak energy load balancing.

For more information, please visit the Company’s website: https://www.upower-limited.com/.

Exchange Rate Information

This announcement contains translations of certain Renminbi (“RMB”) amounts into U.S. dollars (“$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to U.S. dollars were made at the rate of RMB7.0288 to US$1.00, the exchange rate on December 31, 2025, representing the noon buying rate in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York on December 31, 2025. The Company makes no representation that RMB or U.S. dollars amounts referred to could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all.

Safe Harbor Statements

This press release contains “forward-looking statements”. Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to review other factors that may affect its future results in the Company’s registration statements and other filings with the U.S. Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. References and links (including QR codes) to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

Contact

U Power Limited

Investor Relations Department

[email protected]

The Equity Group
Lena Cati, Senior Vice President
212-836-9611 / [email protected]

Alice Zhang, Associate
212-836-9610 / [email protected]

U POWER LIMITED
CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands of RMB and US$, except for number of shares)

	As of December 31,
	2024		2025		2025
	RMB		RMB		US$
ASSETS
Current assets:
Cash and cash equivalents		23,435		21,951		3,123
Restricted cash		1,239		343		49
Accounts receivable		10,374		22,198		3,158
Inventories		9,872		12,291		1,749
Advance to suppliers		9,466		11,334		1,613
Contract Assets		–		1,050		149
Other current assets		29,032		17,963		2,556
Amount due from related parties		21,657		60,274		8,575
Total current assets		105,075		147,404		20,972

Non-current assets:
Property, plant and equipment, net		8,656		8,537		1,215
Intangible assets, net		132		62		9
Operating lease right-of-use assets, net		16,205		9,873		1,405
Long-term investments		134,114		133,942		19,056
Refundable deposit for investment		39,799		54		8
Other non-current assets		81,733		78,926		11,228
Total non-current assets		280,639		231,394		32,921
Total assets		385,714		378,798		53,893

LIABILITIES AND EQUITY
Current liabilities:
Bank borrowings		17,972		18,972		2,699
Accounts payable		14,307		19,533		2,779
Accrued expenses and other liabilities		13,281		29,915		4,256
Income tax payables		5,169		7,947		1,131
Advances from customers		1,086		3,213		457
Operating lease liabilities – current		1,843		1,247		177
Amount due to related parties		3,239		1,037		148
Total current liabilities		56,897		81,864		11,647

Non-current liabilities:
Operating lease liabilities – non-current		4,137		2,362		336
Bank borrowings		3,700		–		–
Total non-current liabilities		7,837		2,362		336
Total liabilities		64,734		84,226		11,983

U POWER LIMITED

CONDENSED CONSOLIDATED BALANCE SHEETS

(Amounts in thousands of RMB and US$, except for number of shares) (CONTINUED)

As of December 31,

2024

2025

RMB

US$

Commitments and contingencies

–

5,800

825

Shareholders’ equity:

Ordinary shares (US$0.00001 par value; 5,000,000,000 shares authorized; 3,378,188 and
4,971,484 issued and outstanding as of December 31, 2024 and 2025) *

–

Class A ordinary shares, $0.00001 par value, 3,999,411,812 Class A ordinary shares
authorized, 2,790,000 and 4,603,440 Class A ordinary shares issued and outstanding as of
December 31, 2024 and 2025*

–

Class B ordinary shares, $0.00001 par value, 1,000,588,188 Class B ordinary shares
authorized, 588,188 and 368,044 Class B ordinary shares issued and outstanding as of
December 31, 2024 and 2025*

–

Additional paid-in capital

512,568

565,069

80,394

Translation reserve

–

(4,231)

(602)

Accumulated deficit

(221,098)

(289,818)

(41,233)

Total U POWER LIMITED’s shareholders’ equity

291,470

271,020

38,559

Non-controlling interests

29,510

17,752

2,526

Total equity

320,980

288,772

41,085

Total liabilities and equity

385,714

378,798

53,893

U POWER LIMITED
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(Amounts in thousands of RMB and US$, except for number of shares and per share data)

	For the years ended December 31,
	2023			2024			2025			2025
	RMB			RMB			RMB			US$
Net revenues
Product sales		17,062			41,819			36,628			5,211
Sourcing services		1,513			63			1,090			155
Battery-swapping services		1,189			2,408			3,407			485
Total net revenues		19,764			44,290			41,125			5,851
Cost of revenues		(7,592	)		(33,827	)		(26,208	)		(3,729	)
Gross profit		12,172			10,463			14,917			2,122

Operating expenses:
Sales and marketing expenses		(2,477	)		(2,789	)		(3,362	)		(478	)
General and administrative expenses		(41,222	)		(46,910	)		(52,627	)		(7,487	)
Research and development expenses		(2,184	)		(2,985	)		(4,597	)		(654	)
Loss on impairment of long-lived assets and long-term investment		(1,996	)		(10,504	)		–			–
Allowance for expected credit losses		(1,196	)		(5,264	)		(12,597	)		(1,792	)
Total operating expenses		(49,075	)		(68,452	)		(73,183	)		(10,411	)
Operating loss		(36,903	)		(57,989	)		(58,266	)		(8,289	)
Interest income		562			742			2,829			402
Interest expenses		(1,860	)		(1,402	)		(188	)		(27	)
Other income		16,927			5,612			3,072			437
Other expenses		(1,579	)		(3,325	)		(24,344	)		(3,463	)
Loss before income taxes		(22,853	)		(56,362	)		(76,897	)		(10,940	)
Income tax expenses		(2,613	)		–			(3,581	)		(509	)
Net loss		(25,466	)		(56,362	)		(80,478	)		(11,449	)
Less: Net loss attributable to non-controlling interests		(6,128	)		(8,440	)		(11,758	)		(1,673	)
Net loss attributable to the Company’s shareholders		(19,338	)		(47,922	)		(68,720	)		(9,776	)

Loss per share attributable to ordinary shareholders of the Company’s shareholders *
Basic and diluted		(15.56	)		(16.79	)		(15.05	)		(2.14	)

Weighted average shares used in calculating basic and diluted loss per share *
Basic and diluted		1,243,140			2,854,594			4,567,460			4,567,460
Net loss		(25,466	)		(56,362	)		(80,478	)		(11,449	)
Other comprehensive income, net of tax of nil:
Foreign currency translation adjustments		446			(446	)		(4,231	)		(602	)
Comprehensive loss		(25,020	)		(56,808	)		(84,709	)		(12,051	)

View original content:https://www.prnewswire.com/news-releases/u-power-reports-financial-results-for-full-year-of-2025-302773936.html

SOURCE U Power Limited

May 15, 2026 5:13 pm

NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET

MIAMI, FL, May 15, 2026 (GLOBE NEWSWIRE) — NextNRG, Inc. (NASDAQ: NXXT), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered, today announced it will host a conference call on Monday, May 18, 2026 at 9:00 a.m. Eastern Time to discuss its first quarter 2026 financial results and provide a corporate update.

Conference Call Details

• Date: Monday, May 18, 2026

• Time: 9:00 a.m. Eastern Time

• Participant Dial-In (U.S. Toll-Free): 877-407-9219 / +1 412-652-1274

• Participant Dial-In (International): +1 412-652-1274

• Participant Dial-In (Canada Toll-Free): 877-407-9219 / +1 412-652-1274

Webcast Access

A live audio webcast of the call will be available at: https://event.choruscall.com/mediaframe/webcast.html?webcastid=EyFyVDMM.

The webcast will be archived for 12 months following the call.

Replay Information

A replay of the conference call will be available beginning approximately one hour after the call and will remain accessible through May 28, 2027:

• U.S. Toll-Free: 877-660-6853 / 201-612-7415

• International: 201-612-7415

• Canada Toll-Free: 877-660-6853 / 201-612-7415

• Replay Access Code: 13760198

About NextNRG, Inc.

NextNRG Inc. (NextNRG) is Powering What’s Next by integrating artificial intelligence (AI) and machine learning (ML) into utility infrastructure, battery storage, wireless EV in-motion charging, renewable energy and mobile fuel delivery, to create a unified platform for modern energy management.At the core of its strategy is the Next Utility Operating System®, which uses AI to optimize both new and existing infrastructure across microgrids, utilities, and fleet operations. NextNRG’s smart microgrids serve commercial, healthcare, educational, tribal, and government sites delivering cost savings, reliability, and decarbonization. The company also operates one of the nation’s largest on-demand fueling fleets and is advancing wireless charging to support fleet electrification.To learn more, visit www.nextnrg.com.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG’s goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as “expect,” “intends,” “will,” and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG’s business and macroeconomic and geopolitical events. These and other risks are described in NextNRG’s filings with the Securities and Exchange Commission from time to time. NextNRG’s forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG’s forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.

Investor Relations Contact

NextNRG, Inc.

Sharon Cohen
[email protected]

May 15, 2026 5:06 pm

NextNRG Reports First Quarter 2026 Financial Results

Revenue Increased 29% Year-Over-Year to $21.1 Million While Gross Profit More Than Tripled

Interest Expense Declined 80% as Company Advances Microgrid Pipeline and Optimizes Fueling Operations

MIAMI, May 15, 2026 (GLOBE NEWSWIRE) — NextNRG, Inc. (NASDAQ: NXXT) (“NextNRG” or the “Company”), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered, today announced financial results for the first quarter ended March 31, 2026.

“Our first quarter results reflect disciplined execution across both segments of our business,” said Michael D. Farkas, Founder and CEO of NextNRG. “Revenue grew 29% year-over-year, gross profit more than tripled, and we reduced interest expense by 80% compared to the same quarter last year. These results demonstrate the progress we are making in scaling and optimizing our fueling operations while continuing to advance our energy infrastructure pipeline in a fiscally disciplined manner.”

Mr. Farkas continued, “We remain focused on what matters: growing revenue, improving unit economics, progressing our microgrid pipeline, and managing our cost structure with discipline. We believe this approach positions NextNRG to deliver long-term value as both segments of our business continue to develop.”

First Quarter 2026 Financial Highlights

Metric	Q1 2026	Q1 2025
Revenue	$21,059,130	$16,272,673
Gross Profit	$1,711,710	$517,969
Gross Margin %	8.1%	3.2%
Loss from Operations	$(10,093,843)	$(5,753,872)
Net Loss	$(10,766,492)	$(8,937,999)
Interest Expense	$680,596	$3,323,397
Adjusted EBITDA (1)	$(1,155,146)	$(3,395,542)

^{(1) Adjusted EBITDA is a non-GAAP financial measure. See reconciliation and Non-GAAP Financial Measures disclosure below.}

First Quarter 2026 Financial Results

Revenue for the three months ended March 31, 2026 was $21,059,130, compared to $16,272,673 in the first quarter of 2025, representing growth of 29% year-over-year. Revenue growth was driven by continued expansion of the Company’s mobile fueling operations, including growth in fuel volumes delivered and an increase in the average price per gallon across existing markets.

Gross profit increased to $1,711,710, compared to $517,969 in the first quarter of 2025. Gross margin percentage expanded to 8.1% from 3.2% in the prior-year period, reflecting continued improvements in route optimization, fleet utilization, and operating efficiency across the Company’s fueling platform.

Loss from operations was $10,093,843 for the first quarter of 2026, compared to $5,753,872 for the first quarter of 2025. The increase in operating loss was primarily attributable to $7,859,677 in non-cash stock-based compensation expense recorded during the first quarter of 2026 in connection with shares issued for services. Excluding this non-cash item, the Company continued to make progress on cost discipline relative to revenue growth.

Net loss was $10,766,492 for the first quarter of 2026, compared to $8,937,999 for the first quarter of 2025. For the first quarter of 2026, net loss available to common stockholders was $10,880,521 after preferred stock dividends, compared to $8,960,972 for the first quarter of 2025.

Interest expense was $680,596 for the first quarter of 2026, compared to $3,323,397 for the first quarter of 2025, representing an 80% reduction year-over-year and reflecting lower financing-related charges and reduced amortization of debt discounts as a result of the Company’s refinancing activity in 2025.

The Company continues to advance its energy infrastructure segment, including its smart microgrid pipeline, and remains focused on scaling and optimizing its mobile fueling operations. Both segments are being managed with an emphasis on disciplined operational and fiscal execution.

Adjusted EBITDA

The following table presents a reconciliation of net loss to Adjusted EBITDA for the three months ended March 31, 2026 and 2025:

Net Loss to Adjusted EBITDA Reconciliation	Q1 2026	Q1 2025
Net loss	$(10,766,492)	$(8,937,999)
Add: Interest expense	680,596	3,323,397
Add: Depreciation and amortization	1,071,073	733,336
Add: Stock-based compensation	7,859,677	1,485,724
Adjusted EBITDA	$ (1,155,146 )	$ (3,395,542 )

Adjusted EBITDA was $(1,155,146) for the first quarter of 2026, compared to $(3,395,542) for the first quarter of 2025. The $2,240,396 improvement year-over-year reflects the significant reduction in interest expense and improvement in gross profit, partially offset by the increase in non-cash stock-based compensation expense recorded during the first quarter of 2026.

Balance Sheet and Liquidity

As of March 31, 2026, the Company had:

Cash and cash equivalents of $208,048, compared to $2,116,932 and $384,140 at March 31, 2025 and December 31, 2025, respectively
Total assets of $12,263,129, compared to $11,063,353 at December 31, 2025
Accounts receivable of $2,900,153, compared to $2,039,214 at December 31, 2025

Management continues to evaluate multiple financing and strategic initiatives intended to support working capital requirements, operational growth, and expansion of the Company’s energy infrastructure platform.

Looking Ahead: Scaling the Integrated Energy Platform

NextNRG is focused on expanding its integrated platform across three infrastructure-aligned revenue streams:

Utility Operating System and Smart Microgrids: Advancing the Company’s AI-driven microgrid pipeline across commercial, healthcare, municipal, industrial and federal markets through power purchase agreements and SaaS arrangements.
Wireless EV Charging: Progressing from development toward commercial deployment, with a focus on fleet operators, logistics facilities, and industrial equipment applications.
Mobile Fueling Logistics: Continuing to scale and optimize national fueling operations with a focus on route efficiency, fleet utilization, and disciplined cost management.

Non-GAAP Financial Measures

Adjusted EBITDA is a non-GAAP financial measure. Adjusted EBITDA should not be considered a substitute for measures prepared in accordance with accounting principles generally accepted in the United States (“GAAP”), nor should it be viewed as a substitute for operating results determined in accordance with GAAP. We believe that the presentation of Adjusted EBITDA, which excludes the impact of net interest expense, taxes, depreciation, amortization, and stock-based compensation expense, provides useful supplemental information that is essential to a proper understanding of our financial results. Non-GAAP measures are not formally defined by GAAP, and other entities may use calculation methods that differ from ours for the purposes of calculating Adjusted EBITDA. As a complement to GAAP financial measures, we believe that Adjusted EBITDA assists investors who follow the practice of some investment analysts who adjust GAAP financial measures to exclude items that may obscure underlying performance and distort comparability. See the reconciliation of net loss to Adjusted EBITDA above.

About NextNRG, Inc.

NextNRG, Inc. (NextNRG) is Powering What’s Next by integrating artificial intelligence (AI) and machine learning (ML) into utility infrastructure, battery storage, wireless EV in-motion charging, renewable energy and mobile fuel delivery, to create a unified platform for modern energy management.At the core of its strategy is the Next Utility Operating System®, which uses AI to optimize both new and existing infrastructure across microgrids, utilities, and fleet operations. NextNRG’s smart microgrids serve commercial, healthcare, educational, tribal, and government sites delivering cost savings, reliability, and decarbonization. The company also operates one of the nation’s largest on-demand fueling fleets and is advancing wireless charging to support fleet electrification.To learn more, visit www.nextnrg.com.

Forward-Looking Statements

Investor Relations Contact

NextNRG, Inc.

Sharon Cohen
[email protected]

May 15, 2026 5:06 pm

TuHURA Biosciences Reports First Quarter 2026 Financial Results and Provides a Corporate Update

PR Newswire

TAMPA, Fla., May 15, 2026 /PRNewswire/ — TuHURA Biosciences, Inc. (NASDAQ: HURA) (“TuHURA” or the “Company”), a Phase 3 immuno-oncology company developing novel therapeutics to overcome resistance to cancer immunotherapy, today reported financial results for the Company’s first quarter ended March 31, 2026, and provided a corporate update.

“I am very pleased with the progress we have made this past quarter as we continue to execute upon our corporate and development strategy. Importantly, we recently established a $50 million non-equity-based source of operating capital in the form of credit facility with our largest stockholder on attractive terms for the company allowing us to fund operations beyond anticipated top-line data in our lead IFx-2.0 program,” said Dr. James Bianco, President and CEO of TuHURA Biosciences. “With the financing optionality provided by the credit facility, we now look forward to several anticipated key upcoming milestones, including: meeting with the FDA to discuss our IND and development plan for our VISTA inhibitor, TBS-2025, and initiating a Phase 1b/2 trial of TBS-2025 in mutNPM1 r/r AML; selecting our lead ADC for proof-of-concept studies in AML; and completing enrollment in our Phase 3 study of IFx-2.0 in Merkel Cell Carcinoma (MCC).”

First Quarter and Recent Corporate Highlights:

In April 2026, the company announced a $50 million credit facility and royalty transaction extending its anticipated cash runway into 2028. Under the terms of the loan agreement for the credit facility, TuHURA will have the ability to draw down on the facility on an as-needed basis to fund monthly expenses for ongoing clinical development and operations. The facility bears a 12% annual interest rate on outstanding funds drawn, with interest paid monthly and principal repayment due at a 5-year maturity date for April 21, 2031.

Announced Craig Tendler, M.D., will provide strategic, operational and other related services consistent with those of a Chief Medical Officer. Dr. Tendler will continue in his role as a member of the Board of Directors and also work with management to oversee clinical development strategy and operations of the company’s pipeline, including its VISTA inhibiting antibody, TBS-2025.

Appointed Amanda Garofalo, MSHS, as Senior Vice President of Clinical Operations. Mrs. Garofalo has over 20 years of clinical and development experience and will work closely with Dr. Tendler in overseeing the day-to-day clinical operations.

Received FDA Orphan Drug Designation (ODD) for IFx-2.0 for the treatment of stage IIB to stage IV cutaneous melanoma. The ODD designation was based on data from the Company’s previously completed Phase 1 study of IFx-2.0, which demonstrated IFx-2.0 to be safe with no serious dose limiting toxicities. Additionally, the study demonstrated that patients refractory to checkpoint inhibitor therapy (anti-PD1) experienced clinical benefit upon subsequent anti-PD1 based treatment.

Anticipated Milestones by Program

IFx-2.0 (Innate Immune Agonist)

1H 2026: Anticipate Orphan Drug Designation for IFx-2.0 in MCC
2H 2026: Anticipate presenting data at a scientific conference
2H 2027: Complete enrollment in Phase 3 study of IFx-2.0
2H 2027: Anticipate topline results from the Phase 3 accelerated approval trial of IFx-2.0 as an adjunctive therapy to Keytruda^® (pembrolizumab) in first-line treatment for advanced or metastatic MCC

TBS-2025 (VISTA inhibiting mAb)

1H 2026: Planned FDA IND meeting regarding the Phase 1b/2 development plan inNPM1 mut r/r AML, and other molecularly defined subsets
2H 2026: Seek Orphan Drug Designation in AML
2H 2026: Initiate Phase 1b/2 trial of VISTA in mutNPM1 r/r AML

MDSC Inhibitors (Bi-specific ADCs)

1H 2026: Select lead ADC for proof-of-concept study in AML
2H 2026: Presentations at key scientific meetings

Summary of Financial Results for the First Quarter 2026

Cash and cash equivalents of $6.3 million at March 31, 2026. TuHURA’s total common shares outstanding were approximately 63.6 million.

Research and development expenses were $5.2 million and $4.6 million for the 3 months ended March 31, 2026, and 2025, respectively.

General and administrative (G&A) expenses were $2.3 million and $2.0 million for the 3 months ended March 31, 2026, and 2025, respectively.

Net cash outflows from operating activities were ($4.4) million and ($4.7) million for the 3 months ended March 31, 2026, and 2025, respectively.

Net cash flows from financing activities were $ 7.2 million and $ (0.5) million for the 3 months ended March 31, 2026, and 2025, respectively.

About TuHURA Biosciences, Inc.
TuHURA Biosciences, Inc. (Nasdaq: HURA) is a Phase 3 immuno-oncology company developing novel technologies to overcome primary and acquired resistance to cancer immunotherapy, two of the most common reasons cancer immunotherapies fail to work or stop working in the majority of patients with cancer.

TuHURA’s lead innate immune agonist, IFx-2.0, is designed to overcome primary resistance to checkpoint inhibitors. TuHURA has initiated a single randomized placebo-controlled Phase 3 registration trial of IFx-2.0 administered as an adjunctive therapy to Keytruda^® (pembrolizumab) compared to Keytruda^® plus placebo in first-line treatment for advanced or metastatic Merkel Cell Carcinoma.

In addition to its innate immune agonist product candidates, TuHURA is developing TBS-2025, a VISTA inhibiting mAb moving into Phase 1b/2 in mutNPM1 r/r AML, a molecularly defined subgroup of patients with AML. In addition, TuHURA is leveraging its Delta Opioid Receptor technology to develop first-in-class, bi-specific, bi-functional antibody drug conjugates (ADCs) targeting Myeloid Derived Suppressor Cells to inhibit their immune-suppressing effects on the tumor microenvironment to prevent T cell exhaustion and acquired resistance to checkpoint inhibitors and cellular therapies.

For more information, please visit www.tuhurabio.com and connect with TuHURA on Facebook, X, and LinkedIn.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of, and subject to the safe harbor created by, Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These Forward-Looking Statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and other future conditions. In some cases, you can identify these statements by forward-looking words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “should,” “would,” “project,” “plan,” “expect,” “goal,” “seek,” “future,” “likely,” or the negative or plural of these words or similar expressions. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, among others: the risk that funds available under the Company’s credit facility may be insufficient to fund the Company’s operations and development programs to the extent anticipated; risks associated with conducting the ongoing Phase 3 trial for IFx.20; the risks associated with continuing the development of TBS-2025 and our DOR technologies; risks related to patient enrollment, trial design, data outcomes and regulatory interactions; uncertainty regarding the timing and likelihood of regulatory approvals; and the other risks described from time to time in detail in Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed on March 31, 2026, and TuHURA’s other reports and filings with the SEC from time to time, which are available on TuHURA’s website and at www.sec.gov.

The forward-looking statements and other information contained in this press release are made as of the date hereof, and TuHURA does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Investor Contact:
Monique Kosse
Gilmartin Group
[email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/tuhura-biosciences-reports-first-quarter-2026-financial-results-and-provides-a-corporate-update-302773858.html

SOURCE TuHURA Biosciences, Inc.

May 15, 2026 5:06 pm

LGI Homes Opens New Community Within Los Lunas’ Expanding Los Senderos Development

ALBUQUERQUE, N.M., May 15, 2026 (GLOBE NEWSWIRE) — LGI Homes, Inc. announces the grand opening of Vistas at Los Senderos, an exciting new community located within the growing Los Senderos master-planned development in Los Lunas, one of the Albuquerque area’s fastest-growing residential corridors.

Since opening in late April, Vistas at Los Senderos has experienced strong interest and positive momentum, reflecting an enthusiastic response from homebuyers seeking quality new homes in Los Lunas. “We are excited to continue our presence in the Los Lunas market and to bring continued success to the area,” stated Dallas Murphy, Vice President of Operations for New Mexico.

The opening of Vistas at Los Senderos comes amid continued residential and economic growth in Los Lunas, where expanding employment opportunities and infrastructure investment continue to drive housing demand throughout the region. Conveniently located near Interstate 25 and Highway 6, Vistas at Los Senderos offers residents a quick and easy commute to downtown Albuquerque, as well as convenient access to major employers, shopping, dining, and local attractions.

Vistas at Los Senderos is part of the larger Los Senderos master-planned development, a transformative mixed-use community planned for approximately 900 acres in Los Lunas. The development is designed to bring together residential neighborhoods, parks, trails, open space, and future commercial opportunities in one connected environment. Planned with long-term growth in mind, Los Senderos is expected to contribute to the continued expansion of the Los Lunas area while preserving the region’s natural beauty and outdoor lifestyle. According to the Village of Los Lunas Los Senderos Area Plan and development marketing materials, the broader community vision includes thousands of future homes, integrated amenities, and a “live, work, shop and play” experience for residents.

LGI Homes offers thoughtfully designed homes, ranging from two- to five-bedrooms with one- and two-story, open-concept floor plans. Each home includes LGI Homes’ CompleteHome™ Package, which delivers upgraded features such as Whirlpool® stainless steel kitchen appliances, quartz countertops, luxury vinyl plank flooring, and designer finishes, all included at no additional cost. Homes at Vistas at Los Senderos start in the low-$300s.

Opening later this year, families will enjoy top-tier amenities with a community park that features a playground, picnic areas, and a basketball court. The community is also within reach of a variety of local amenities, including nearby parks, trails, and recreation facilities. Vistas at Los Senderos residents will also have quick access to Daniel Fernandez Recreation Center and Los Lunas Sports Complex, which feature sports fields, playgrounds, splash pads, and more.

For more information, customers are encouraged to call (866) 948-9681 ext. 660 or visit LGI Homes.com/VistasatLosSenderos.

About LGI Homes

Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. LGI Homes has closed over 80,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek’s list of the World’s Most Trustworthy Companies. LGI Homes’ commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state, and national level, including the Top Workplaces USA 2025 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company’s website at www.lgihomes.com.

MEDIA CONTACT:

Rachel Eaton

(281) 362-8998 ext. 2560

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/92cd664a-26f5-4092-b217-755771d4bc9f

May 15, 2026 5:05 pm

Siebert Reports First Quarter 2026 Financial Results

MIAMI and NEW YORK, May 15, 2026 (GLOBE NEWSWIRE) — Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”), a diversified provider of financial services, today announced financial results for the first quarter ended March 31, 2026.

First Quarter 2026 Financial and Operational Highlights

Total revenue was $23.5 million for the first quarter of 2026.
Stock borrow/stock loan revenue increased 41% to $6.8 million, compared to $4.8 million in the first quarter of 2025.
Advisory fees increased 35% to $1.0 million, compared to $0.7 million in the first quarter of 2025.
Commissions and fees increased 11% to $2.3 million, compared to $2.1 million in the first quarter of 2025.
Investment banking revenue was $1.6 million, adding to Siebert’s diversified revenue mix.
Retail customer net worth was $18.8 billion at quarter’s end.
Net loss was $2.0 million, compared to net income of $8.7 million in the first quarter of 2025.*
Basic and diluted loss per share was $0.05, compared to basic and diluted earnings per share of $0.22 in the first quarter of 2025.*

For the three months ended March 31, 2026, Siebert’s results compared to the prior-year period reflected continued growth across core business lines, including stock borrow/stock loan and investment banking, offset by lower interest-related revenue, higher operating expenses, impairment of goodwill and an intangible asset related to our Media, Sports, and Entertainment divisions, as well as the $9.2 million unrealized gain recognized during the prior-year period related to our pre-IPO investment in restricted equity securities of a U.S. company that completed an IPO on March 31, 2025.

*The year-over-year comparison was affected by the $9.2 million non-cash unrealized gain recorded in the first quarter of 2025 on the restricted equity securities investment. Following the expiration of contractual resale restrictions on the equity securities, Siebert sold the majority of its position and recognized a net gain of $2.4 million related to the investment.

First Quarter 2026 and Recent Business Highlights

Siebert Financial and Newsmax expanded their strategic partnership through financial programming and a national advertising campaign designed to bring Siebert’s financial expertise, brand, and services to Newsmax’s national audience. Additionally, Siebert professionals are expected to appear in dedicated financial programming on Newsmax, providing commentary on markets, the economy, wealth planning, corporate finance, and other key investment themes.
Gebbia Media launched Tactical Wealth on Newsmax 2, bringing the podcast to television in a weekly format focused on the military and veteran community.
Tactical Wealth supports Siebert’s broader engagement with veteran entrepreneurs and the military community, including the growth of tailored services such as Siebert.Valor.

Management Commentary

“Our first quarter results show strength across several important areas of the business, including stock loan, advisory fees, and commissions,” said John J. Gebbia, CEO of Siebert. “Our focus is on the bigger picture: building a broader Siebert platform, expanding our national reach, and creating new paths for long-term client and shareholder growth. Our expanded Newsmax partnership gives Siebert a national platform to introduce new services and support account-based expansion later this year.

“The year-over-year comparison reflects the impact of a significant non-cash unrealized gain recorded in the first quarter of 2025. This doesn’t detract from the key fact that Siebert entered 2026 with a more diversified operating base and a clear plan to scale,” said Andrew Reich, CFO of Siebert. “We are managing the business diligently while continuing to invest in areas that can support future revenue growth.”

About Siebert Financial Corp.
Siebert is a diversified financial services company and has been a member of the NYSE since 1967, when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms.

Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT, LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC, StockCross Digital Solutions, Ltd., Gebbia Media LLC, and Siebert Crypto, LLC. Through these entities, Siebert provides a full range of brokerage and financial advisory services, including securities brokerage; investment banking and capital markets services; investment advisory and insurance offerings; securities lending; corporate stock plan administration solutions; in addition to sports management, entertainment and media productions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com.

Cautionary Note Regarding Forward-Looking Statements
The statements contained in this press release that are not historical facts, including statements about our beliefs and expectations, are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements preceded by, followed by, or that include the words “may,” “could,” “would,” “should,” “believe,” “expect,” “anticipate,” “plan,” “estimate,” “target,” “project,” “intend,” and similar words or expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements.

These forward-looking statements, which reflect beliefs, objectives, and expectations as of the date hereof, are based on the best judgment of the management of Siebert. All forward-looking statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events; securities industry risks; interest rate risks; liquidity risks; credit risk with clients and counterparties; risk of liability for errors in clearing functions; systemic risk; systems failures, delays and capacity constraints; network security risks; competition; reliance on external service providers; new laws and regulations affecting Siebert’s business; net capital requirements; extensive regulation, regulatory uncertainties and legal matters; failure to maintain relationships with employees, customers, business partners or governmental entities; the inability to realize anticipated synergies or successfully implement new business plans; and other consequences associated with risks and uncertainties detailed in Part I, Item 1A – Risk Factors of Siebert’s Annual Report on Form 10-K for the year ended December 31, 2025, and Siebert’s filings with the SEC.

Siebert cautions that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur that could impact its business. Siebert undertakes no obligation to publicly update or revise these statements, whether as a result of new information, future events, or otherwise, except to the extent required by the federal securities laws.

For inquiries, please contact:
Deborah Kostroun
[email protected]
+1-201-403-8185

May 15, 2026 5:05 pm

Blue Gold Provides Update on Cayman Islands Court Ruling in Shareholder Litigation

NEW YORK, May 15, 2026 (GLOBE NEWSWIRE) — Blue Gold Limited (Nasdaq: BGL) (Nasdaq: BGLWW) (“Blue Gold” or the “Company”), a gold mining company with the infrastructure to deliver gold from mine-to-wallet, today announced a ruling from the Financial Services Division of the Grand Court of the Cayman Islands (the “Court”) addressing certain preliminary issues in ongoing litigation relating to the Company’s 2025 business combination with Perception Capital Corp. IV, a special purpose acquisition company.

The Court’s ruling provides clarification on the interpretation of the Company’s Articles of Association in the context of the business combination and confirms that any modification to the rights of the relevant shareholder class must be effected in accordance with the procedures set out in those Articles. The Court concluded that the proposed amendments cannot be implemented at this stage. As the decision addresses preliminary issues only, with a number of substantive matters reserved for determination at trial, the Court ordered that the existing interim injunction, which prevents the Company from proceeding with the EGM to alter its Articles of Association, remain in place pending final resolution of the outstanding matters at trial.

Andrew Cavaghan, Chief Executive Officer of Blue Gold, commented, “We acknowledge the Court’s ruling and respect the legal process. While we are pleased to have clarity on certain interpretive matters relating to our Articles, this decision addresses only preliminary issues and does not resolve the broader dispute. Blue Gold remains committed to protecting the interests of all shareholders and maintaining orderly market conditions. We will continue to evaluate all available legal and strategic options as the case proceeds, including any appeal and/or stay of the Court’s ruling on these preliminary issues.”

Next Steps

Several substantive matters remain to be determined at trial and Blue Gold will continue to engage constructively in the ongoing proceedings while remaining focused on executing its core business strategy and delivering long-term value for shareholders.

About Blue Gold Limited

Blue Gold Limited (Nasdaq: BGL) (Nasdaq: BGLWW) is gold mining company with the infrastructure to deliver gold from mine-to-wallet. The Company’s mission is to explore, develop and operate high quality mining projects while leveraging modern technologies to sell the gold directly to end customers in tokenised form. Blue Gold prioritizes growth, sustainable development, and transparency in all its business practices. We believe that our commitment to responsible mining will enable us to create value for our shareholders while minimizing our environmental footprint.  

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the safe harbor for forward-looking statements provided by Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on these forward-looking statements, which are current only as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Important factors that could cause actual results to differ materially from those discussed or implied in the forward-looking statements include, but are not limited to: general economic or political conditions; negative economic conditions that could impact Blue Gold Limited and the gold industry in general; reduction in demand for Blue Gold Limited’s products; changes in the markets that Blue Gold Limited targets; and any change in laws applicable to Blue Gold Limited or any regulatory or judicial interpretation. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. These and other important factors and risks are discussed in Blue Gold Limited’s annual report on Form 20-F, filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 29, 2026, and other filings with the SEC. In light of these risks, uncertainties, and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results, and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events, or otherwise. For more information regarding Blue Gold Limited, please visit https://bluegoldltd.com.

No Offer or Solicitation

This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities.

For Further Information Contact:
Dave Gentry
RedChip Companies, Inc.
1-800-REDCHIP (733-2447)
1-407-644-4256
[email protected]

May 15, 2026 5:04 pm

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of April 2026

DENVER, May 15, 2026 (GLOBE NEWSWIRE) — ArrowMark Financial Corp., (NASDAQ: BANX) (“ArrowMark Financial”), today announced that BANX’s estimated and unaudited Net Asset Value (“NAV”) as of April 30, 2026, was $21.17.

This estimated NAV is not a comprehensive statement of our financial condition or results for the month end.

About ArrowMark Financial Corp.

ArrowMark Financial Corp. is an SEC registered non-diversified, closed-end fund listed on the NASDAQ Global Select Market under the symbol “BANX.” Its investment objective is to provide shareholders with current income. BANX pursues its objective by investing primarily in regulatory capital securities of financial institutions. BANX is managed by ArrowMark Asset Management, LLC. To learn more, visit ir.arrowmarkfinancialcorp.com, or contact Destra at 877.855.3434 or by email at [email protected].

Disclaimer and Risk Factors:

There is no assurance that ArrowMark Financial will achieve its investment objective. ArrowMark Financial is subject to numerous risks, including investment and market risks, management risk, income and interest rate risks, banking industry risks, preferred stock risk, convertible securities risk, debt securities risk, liquidity risk, valuation risk, leverage risk, non-diversification risk, credit and counterparty risks, market at a discount from net asset value risk and market disruption risk. Shares of closed-end investment companies may trade above (a premium) or below (a discount) their net asset value. Shares of ArrowMark Financial may not be appropriate for all investors. Investors should review and consider carefully ArrowMark Financial’s investment objective, risks, charges and expenses. Past performance does not guarantee future results.

The Annual Report, Semi-Annual Report and other regulatory filings of the Company with the SEC are accessible on the SEC’s website at www.sec.gov and on the BANX’s website at ir.arrowmarkfinancialcorp.com.

Contact:

[email protected]

May 15, 2026 5:04 pm

OFS Credit Company Announces Preliminary Estimates of Certain Financial Results for its Second Fiscal Quarter 2026

CHICAGO–(BUSINESS WIRE)–
OFS Credit Company, Inc. (Nasdaq: OCCI, OCCIM, OCCIN) (“OFS Credit”, the “Company”, “we”, “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced preliminary estimates of certain financial results for the fiscal quarter ended April 30, 2026.

PRELIMINARY ESTIMATES OF CERTAIN FINANCIAL RESULTS

Management’s unaudited estimate of the range of our net asset value per share of our common stock at April 30, 2026 is between $3.67 and $3.77.
Management’s unaudited estimate of the range of our net investment income per share of our common stock for the fiscal quarter ended April 30, 2026 is between $0.13 and $0.17.
As of April 30, 2026, we had $89.9 million of term preferred stock outstanding.

The unaudited preliminary estimates of certain financial information and results for the fiscal quarter ended April 30, 2026 furnished above are based on management’s preliminary determinations and current expectations, and such information is inherently uncertain. The preliminary estimates provided herein have been prepared by, and are the responsibility of, management and are subject to completion of customary quarter-end closing and review procedures and third-party review, including the determination of the fair value of OFS Credit’s portfolio investments, and are not a comprehensive statement of our financial position, results of operations, or cash flows for the quarter ended April 30, 2026. As a result, actual results could differ materially from these preliminary estimates based on potential adjustments made during OFS Credit’s quarter-end closing and review procedures and third-party review. OFS Credit’s reported information in its Semi-Annual Report on Form N-CSRS for the period ended April 30, 2026 may differ from this information, and any such differences may be material. In addition, the information furnished above does not include all of the information regarding OFS Credit’s financial condition and results of operations for the quarter ended April 30, 2026 that may be important to readers. As a result, readers are cautioned not to place undue reliance on the information furnished in this press release and should view this information in the context of OFS Credit’s full results when such results are disclosed by OFS Credit in its Semi-Annual Report on Form N-CSRS for the period ended April 30, 2026. The information furnished in this press release is based on OFS Credit’s management’s current expectations that involve substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, such information.

Our financial condition, including the fair value of our portfolio investments, and results of operations may be materially impacted after April 30, 2026 by circumstances and events that are not yet known. To the extent our portfolio investments are adversely impacted by interest rate and inflation rate changes, the ongoing war between Russia and Ukraine, the escalated armed conflict and heightened regional tensions in the Middle East, activity in South America, the agenda of the U.S. Presidential administration, including the impact of tariff enactment and tax reductions, trade disputes with other countries, instability in the U.S. and international banking systems, the risk of recession or the impact of the prolonged shutdown of U.S. government services and related market volatility, or by other factors, we may experience a material adverse impact on our future net asset value, net investment income, the underlying value of our investments, our financial condition and the financial condition of our portfolio investments.

The preliminary financial data included in this press release has been prepared by, and is the responsibility of, OFS Credit’s management. KPMG LLP has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial data. Accordingly, KPMG LLP does not express an opinion or any other form of assurance with respect thereto.

About OFS Credit Company, Inc.

OFS Credit is a non-diversified, externally managed closed-end management investment company. The Company’s primary investment objective is to generate current income, with a secondary objective to generate capital appreciation, which we seek to achieve primarily through investments in CLO equity and debt securities. The Company’s investment activities are managed by OFS Capital Management, LLC, an investment adviser registered under the Investment Advisers Act of 1940¹, as amended, and headquartered in Chicago, Illinois with additional offices in New York and Los Angeles.

Forward-Looking Statements

Statements in this press release regarding management’s future expectations, beliefs, intentions, goals, strategies, plans or prospects may constitute forward-looking statements. Forward-looking statements can be identified by terminology such as “anticipate”, “believe”, “could”, “could increase the likelihood”, “estimate”, “expect”, “intend”, “is planned”, “may”, “should”, “will”, “will enable”, “would be expected”, “look forward”, “may provide”, “would” or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to in documents that may be filed by OFS Credit from time to time with the Securities and Exchange Commission, as well as interest rate and inflation rate changes, the ongoing war between Russia and Ukraine, the escalated armed conflict and heightened regional tensions in the Middle East, activity in South America, the agenda of the U.S. Presidential administration, including the impact of tariff enactment and tax reductions, trade disputes with other countries, instability in the U.S. and international banking systems, the risk of recession or the impact of the prolonged shutdown of U.S. government services and related market volatility on our business, our portfolio companies, our industry and the global economy. As a result of such risks, uncertainties and factors, actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. OFS Credit is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

¹ Registration does not imply a certain level of skill or training

OFS® and OFS Credit® are registered trademarks of Orchard First Source Asset Management, LLC.

OFS Capital Management™ is a trademark of Orchard First Source Asset Management, LLC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260515513118/en/

INVESTOR RELATIONS:

OFS Credit Company, Inc.

Steve Altebrando

847-734-2085

[email protected]

MEDIA RELATIONS:

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KEYWORDS: Illinois United States North America

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May 15, 2026 5:03 pm

Capstone Holding Corp. Provides Filing Timeline for Q1 2026 Results

Capstone Holding Corp. Provides Filing Timeline for Q1 2026 Results

The Company remains encouraged by recent business momentum and expects to file its Form 10-Q and related investor materials by May 20, 2026.

NEW YORK–(BUSINESS WIRE)–
Capstone Holding Corp. (NASDAQ: CAPS), a tech-enabled building products distribution platform, today announced that it will delay the filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, to allow additional time to finalize its quarterly financial statements and complete the related interim review. The Company currently expects to file the Form 10-Q and publish related investor materials no later than Wednesday, May 20, 2026.

Capstone remains encouraged by recent business momentum and looks forward to discussing its first quarter performance and outlook with shareholders.

The Company is filing a Notification of Late Filing on Form 12b-25 with the Securities and Exchange Commission.

About Capstone Holding Corp.

Capstone Holding Corp. (NASDAQ: CAPS) is a national, technology-enabled building products distribution platform optimizing supply chains across 38 U.S. states and Canada. Through its Instone operating platform and inventory portal, the Company aggregates and delivers proprietary stone veneer, hardscape materials, and modular masonry systems. Capstone’s model combines digital infrastructure, owned-inventory logistics, and disciplined acquisitions to drive scalable margin expansion and operating leverage across its growing platform.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events and performance, including guidance regarding revenue and EBITDA targets, M&A strategy, use of capital, and operating outlook. Actual results may differ materially from those projected due to a range of factors, including but not limited to the Company’s liquidity and access to capital; its ability to comply with, or obtain waivers of, financial covenants; the refinancing or repayment of indebtedness as it matures; conditions that may raise substantial doubt about the Company’s ability to continue as a going concern; acquisition timing and integration; macroeconomic conditions; and other execution risks. Please review the Company’s filings with the SEC, including the Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, for a full discussion of these and other risk factors. Capstone undertakes no obligation to revise forward-looking statements except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260515275522/en/

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KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Other Construction & Property Residential Building & Real Estate Manufacturing Commercial Building & Real Estate Construction & Property Other Manufacturing

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