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Day: June 5, 2025

Rent the Runway, Inc. Announces First Quarter 2025 Results

Strongest Quarterly Customer Retention in Four Years Return to Subscriber Growth with over 147,000 Active Subscribers, the Highest Quarter Ending Active Subscriber Count in Company History New Inventory Strategy Drove Significant Improvements in Subscriber Count and Customer Retention NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) — Rent the Runway, Inc. (“Rent the Runway” or “RTR”) (NASDAQ: RENT), the company transforming the way women get dressed by pioneering the world’s first Closet in the Cloud, today reported financial results for the fiscal quarter ended April 30, 2025. Rent the Runway is in the midst of a multi-year corporate strategy transformation, and we believe that the changes we’ve introduced in the first quarter of 2025 have started driving meaningful improvement. By implementing an aggressive inventory...

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Binah Capital Group Announces PKS Investments as Finalist in Two Categories for the 2025 Wealth Management Industry Awards

– Dual Recognition Underscores Binah’s Unmatched Commitment to Leadership and Operational Excellence – NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) — Binah Capital Group, Inc. (“Binah Capital”) (NASDAQ: BCG), a financial services enterprise supporting the growth of independent financial advisors, today announced that PKS Investments (“PKS”), a Binah Capital Group company, has been named a finalist in two categories for the prestigious 2025 Wealth Management Industry Awards (“The Wealthies”). The categories are Transition Support / Transition Services, recognizing PKS’s excellence in advisor transition solutions, and Chief Executive Officer of the Year, recognizing Katherine Flouton, CEO of PKS Investments. This dual recognition underscores Binah’s unmatched commitment to leadership and operational excellence in supporting...

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Heritage Distilling Company Advances Strategic Crypto Initiatives

Board adopts cryptocurrency reserve policy as part of treasury diversification Bitcoin Bourbon™ pre-launch and giveaway contest unveiled FinTech veteran Matt Swann appointed to Board of Directors Redefines CPG Sector to “Crypto Product Goods”GIG HARBOR, Wash., June 05, 2025 (GLOBE NEWSWIRE) — Heritage Distilling Holding Company, Inc. (NASDAQ: CASK), North America’s most awarded craft distillery, is pioneering a new category: Crypto Product Goods (CPG). This marks a shift from traditional consumer packaged goods to products built around blockchain technologies and cryptocurrency integration, making Heritage the first craft spirits company to accept crypto as a form of payment for spirits. Cryptocurrency Treasury Reserve Policy AdoptedThe Company recently adopted a Cryptocurrency Treasury Reserve Policy as part...

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His Excellency Joseph Boakai, President of Liberia, and ArcelorMittal Executive Chairman Mr. Lakshmi Mittal attend inauguration of new concentrator

5 June 2025, 19:30 CET  Ahead of the formal commissioning of a new 20 million tonne capacity concentrator, the President of Liberia, His Excellency Joseph Boakai, and ArcelorMittal Executive Chairman, Mr. Lakshmi Mittal, today attended an inauguration event held at the site of the concentrator in Tokadeh, Nimba County. Coming soon after ArcelorMittal celebrated 20 years of mining in Liberia, the new state-of-the-art concentrator is one of the largest iron ore beneficiation plants in Africa. It is the central component of ArcelorMittal’s US$1.8 billion expansion project in Liberia – bringing ArcelorMittal’s total investment in Liberia to date to approximately US$3 billion – which will see production increase from current levels of 5 million tonnes of iron ore a year, to 20 million tonnes, alongside a significant improvement...

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Truxton Elevates Banking Team Leaders in Recent Promotions

NASHVILLE, Tenn., June 05, 2025 (GLOBE NEWSWIRE) — Truxton is pleased to announce the promotion of several distinguished members of its team, recognizing their outstanding contributions to the Truxton Banking team’s continued growth and success. Lindsey Heird, Lizzie McKeand, and William Benson have each been promoted to Senior Vice President, Truxton Banking. These veteran bankers have demonstrated exceptional leadership, deep industry expertise, and a continued dedication to the firm’s mission of delivering trusted financial guidance and personalized service. “It has been very rewarding over the last few years to watch each of these three bankers grow professionally and personally as they serve their clients and their fellow Truxton colleagues,” said Hank Stuart, Senior Managing Director of Truxton Banking. “All three work hard...

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Banqup Group completes the divestment of 21grams group

Press Release – Inside Information La Hulpe, Belgium – 5 June 2025, 7:00 p.m. CET – Inside Information – Banqup Group SA, formerly Unifiedpost Group SA, (Euronext: UPG) (Banqup, Company), a leading provider of integrated business communications solutions, today announced the completion of the sale of all shares in the 21grams group (“21grams”) to PostNord Strålfors AB (“PostNord Strålfors”).  The transaction was announced on 5 July 2024 and has been completed following the fulfilment of all conditions precedent, including the approval from the Swedish Competition Authority granted on 30 May 2025. The transaction has been completed for a preliminary cash consideration of SEK 158,7 million, on a cash- and debt-free basis, based on an enterprise value of SEK 200 million. The final purchase price remains...

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Treace Files Patent Infringement Suit Against Zimmer Biomet to Protect Lapiplasty® Bunion Technology

PONTE VEDRA, Fla., June 05, 2025 (GLOBE NEWSWIRE) — Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of bunions and related midfoot deformities through its flagship Lapiplasty® and Adductoplasty® procedures, today announced that it filed a lawsuit against Zimmer Biomet Holdings, Inc. and Paragon 28, Inc. (collectively, “Zimmer”) (NYSE: ZBH), alleging infringement of 4 patents related to Treace’s innovative Lapiplasty® 3D Bunion Correction® technologies. The suit was filed in the United States District Court for the District of Delaware, and seeks injunctive relief and damages. “Treace Medical was the first company to develop, patent, and introduce an instrumented 3D bunion correction system for true tri-planar lapidus bunion...

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Ormat Technologies Announces Strategic Leadership Changes

ORMAT EXPANDS MANAGEMENT TEAM TO SUPPORT ELECTRICITY SEGMENT GROWTH AND EGS INITIATIVES ARON WILLIS APPOINTED EXECUTIVE VICE PRESIDENT, ELECTRICITY SEGMENT DANIEL MOELK APPOINTED SENIOR VICE PRESIDENT, RESOURCES, DRILLING, & EGSRENO, Nev., June 05, 2025 (GLOBE NEWSWIRE) — Ormat Technologies, Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, is pleased to announce the appointment of two distinguished executives to its senior management team. These strategic appointments are poised to propel the next phase of the Company’s growth and enhance its operational excellence within the renewable energy sector. Aron Willis Appointed Executive Vice President, Electricity Segment Effective June 4, 2025, Aron Willis will assume the role of Executive Vice President, Electricity Segment at...

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Hi-View Clarifies Non-Brokered Private Placement

VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) — HI-VIEW RESOURCES INC. (‘HI-VIEW’ OR THE ‘COMPANY’) (CSE: HVW; OTCQB: HVWRF; FSE: B63) Further to the Company’s news release issued on May 28, 2025 announcing the non-brokered private placement, the Company further clarifies that the Company will rely on the exemption set out in Section 4.6(2)(b) of CSE Policy 4 – Corporate Governance, Security Holder Approvals and Miscellaneous Provisions (the “Policy“) with respect to the requirement to obtain shareholder approval of such transaction whereby the Company is issuing more than 100% of its issued share capital on a fully diluted basis (relating to the Private Placement warrants). The Company applied and was granted by the CSE the exemption from shareholder approval based on the following:...

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BCMI and XBE Announce Merger to Drive the Future of Technology in Heavy Materials and Construction

The technology leaders have strategically combined their heavy materials and construction software into one powerful, integrated system – from raw materials to job site and customer experience. REDMOND, Wash., June 05, 2025 (GLOBE NEWSWIRE) — BCMI Corp. and XBE, trusted technology leaders in the heavy construction materials industry, are excited to announce their merger. The strategic move positions the combined company as the most comprehensive software provider in the market, with an unparalleled range of capabilities spanning ready mixed concrete, aggregates, asphalt, cement, heavy construction and heavy logistics — all supported by cloud-native, mobile-friendly, AI-enabled technology. Individually, each company has collaborated directly with industry thought leaders to develop widely adopted, purpose-built software. Together,...

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