Month: September 2026

Not for distribution in the United States or dissemination through U.S. news or wire services

TORONTO, Sept. 18, 2026 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today that it has priced a private placement offering (the “Offering”) of $300 million aggregate principal amount of senior unsecured debentures (the “Debentures”) maturing March 29, 2030. The Debentures are being offered on a private placement basis in each of the provinces of Canada by a syndicate of agents led by BMO Capital Markets, Desjardins Capital Markets and RBC Capital Markets as joint bookrunners, and which includes National Bank Capital Markets, Scotia Capital, CIBC Capital Markets, ATB Cormark Capital Markets and TD Securities.

The Debentures will be issued at a price of $1,000 per $1,000 principal amount and bear interest at a fixed annual rate of 4.563% per annum, payable in equal semi-annual instalments in arrears on March 29 and September 29 in each year, commencing on March 29, 2027 until maturity, unless redeemed at an earlier date. The Debentures will be direct senior unsecured obligations of the REIT and will rank equally and rateably with all other unsecured and unsubordinated indebtedness of the REIT, except to the extent prescribed by law.

It is a condition of closing of the Offering that the Debentures be rated at least BBB (low) with a Stable trend by Morningstar DBRS. The REIT intends to use the net proceeds from the Offering to repay existing indebtedness and for general trust purposes. The closing of the Offering is expected to take place on or about September 29, 2026.

The Debentures have not been and will not be qualified for sale to the public under applicable securities laws in Canada and, accordingly, any offer or sale of the Debentures in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. The Debentures have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law and may not be offered or sold in the United States and, accordingly, may not be offered, sold or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, U.S. Persons (as defined in the U.S. Securities Act) except pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. The Debentures will not be listed on any stock exchange and there will be no market for such securities. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Nexus Industrial REIT

Nexus is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties. The REIT currently owns a portfolio of 87 properties comprising approximately 12.3 million square feet of gross leasable area. The REIT has approximately 97,097,000 voting units issued and outstanding, including approximately 74,276,000 REIT Units and approximately 22,821,000 Class B LP Units of subsidiary limited partnerships of Nexus, which are convertible to REIT Units on a one-to-one basis.

Forward-Looking Disclaimer

Certain statements contained in this news release constitute forward-looking statements which reflect the REIT’s current expectations and projections about future results, including statements regarding: the date of closing, the rating of the Debentures by Morningstar DBRS, and the use of proceeds from the Offering. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the REIT to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Such forward-looking statements are based on a number of assumptions that may prove to be incorrect.

While the REIT anticipates that subsequent events and developments may cause its views to change, the REIT specifically disclaims any obligation to update these forward-looking statements except as required by applicable law. These forward-looking statements should not be relied upon as representing the REIT’s views as of any date subsequent to the date of this news release. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Material risk factors and assumptions include those set out in the REIT’s most recent management’s discussion and analysis and annual information form, which are available on SEDAR+, and in the REIT’s other materials filed with the Canadian securities regulatory authorities from time to time. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates.

For further information please contact:

Kelly C. Hanczyk, CEO at (416) 906-2379; or        
Mike Rawle, CFO at (647) 823-1381.

IRVINE, Calif., Sept. 18, 2026 (GLOBE NEWSWIRE) — Phoenix Energy One, LLC (“Phoenix Energy” or the “Company”), an energy company focused on oil and gas exploration and production across key U.S. basins, with a primary footprint in the Williston Basin in North Dakota and Montana, announced today its board of directors has authorized a cash distribution for the Series A Cumulative Redeemable Preferred Shares (the “Preferred Shares”) of $0.625 per Preferred Share to holders of record as of the close of business on October 1, 2026, which distribution will be paid on October 15, 2026.

The announced distribution is consistent with and made pursuant to the terms of the share designation for the Preferred Shares attached to the Third Amended and Restated Limited Liability Company Agreement of the Company, which is available on Edgar through the SEC’s website and is based on the stated liquidation preference of $25.00 per Preferred Share (calculated on a 360-day year of twelve 30-day months) at a rate of 10.00% per annum for the period from and including July 15, 2026 to and excluding October 15, 2026.

The Company’s Preferred Shares are listed on the NYSE American LLC (NYSE MKT: PHXE.P) and might appear stylized as PHXE-P, PHXE-PR, or PHXE/P on different brokerage platforms. The preferred shares have been listed since September 30, 2025.

To learn more about Phoenix Energy, visit the Company’s website at https://phoenixenergy.com.

About Phoenix Energy 

Founded in 2019 and headquartered in Irvine, California, Phoenix Energy is an innovative energy company specializing in oil production, mineral rights royalty acquisition, and non-operating working interests. Phoenix Energy’s drilling operations are currently focused on the Williston Basin (North Dakota and Montana), as well as the Powder River and Denver-Julesburg Basins (Wyoming and Colorado). Its royalty and working interest acquisitions target mineral, leasehold, overriding, and perpetual royalty interests across major U.S. basins.

Disclaimer

This press release contains forward-looking statements, which are statements regarding all matters that are not historical facts and include statements regarding Phoenix Energy’s current views, hopes, intentions, beliefs, or expectations concerning, among other things, its results of operations, financial condition, liquidity, prospects, growth, strategies, and position in the markets and the industries in which it operates. These forward-looking statements are generally identifiable by forward looking terminology such as “expect,” “believe,” “anticipate,” “outlook,” “could,” “target,” “project,” “intend,” “plan,” “seek,” “estimate,” “should,” “will,” “approximately,” “predict,” “potential,” “may,” and “assume,” as well as variations of such words and similar expressions referring to the future.

Contact

Company: Phoenix Energy One, LLC
Email: InvestorRelations@phoenixenergy.com 
Address: 18575 Jamboree Road, Suite 830, Irvine, CA 92612
Phone: 949-416-5037

HAMBURG, Germany and AUSTIN, Texas, Sept. 18, 2026 (GLOBE NEWSWIRE) — XCHG Limited (“XCharge” or the “Company”) (Nasdaq: XCH), a global provider in high-power EV charging solutions, today reported its unaudited financial results for the six months ended June 30, 2026.

Mr. Yifei (“Simon”) Hou, Co-Chief Executive Officer of XCharge, commented, “While customer procurement timing and changes in project schedules affected the pace of revenue and deliveries in the first half of 2026, we remained focused on executing our long-term growth strategy. We made important commercial and product progress during the period. Our long-term partnership with EnBW marked a significant commercial milestone in Europe, while the introduction of the new-generation C7 and the launch of GridOne expanded our ability to address customers’ evolving charging and energy management needs. Looking ahead, we expect business activity to accelerate meaningfully in the second half of the year as we fulfill scheduled customer deliveries and advance existing customer programs and projects. We believe the commercial progress we have made, together with our expanded product portfolio, positions us well to capture the opportunities ahead.”

Mr. Joel A. Gallo, Chief Financial Officer, added, “The financing completed in June provided additional liquidity to support our operations. As we prepare for higher anticipated activity in the second half, we will continue to maintain disciplined cost and working capital management, improve operational efficiency, and allocate resources to customer programs and areas with the clearest commercial potential. Our priority is to support renewed revenue growth while continuing to improve the underlying financial performance of the business.”

		For the Six Months Ended
		June 30,
		2026				2025
		(dollars in thousands)
Revenues	$		10,271		$		12,451
Gross margin			38.8	%			51.3	%
Operating loss	$		(11,184	)	$		(7,436	)
Net loss	$		(11,126	)	$		(7,338	)
Loss per Class A and Class B ordinary share–Basic and diluted	$		(0.004	)	$		(0.003	)

Outlook

The Company expects business performance to improve significantly in the second half of 2026, driven primarily by scheduled deliveries under existing customer orders. The Company expects full-year 2026 revenue to be in the range of $32.9 million to $38.2 million, representing year-over-year growth of approximately 31% to 52%. This outlook reflects management’s current expectations regarding customer orders, production and delivery schedules, market conditions and other factors as of the date of this press release, and is subject to change.

Operating Highlights and Recent Announcements

• Deliveries: Total EV charger deliveries were 262 units in the first half of 2026, representing a decrease of 44.5% year over year. This included 253 DC fast chargers, representing a decrease of 44.3%, and 9 NZS and GridLink chargers, representing a decrease of 50%.
• Entered the Energy Storage Market with the Launch of GridOne. In June, XCharge launched GridOne, an all-in-one photovoltaic and energy storage system for commercial and industrial applications, at ees Europe, a leading European exhibition for batteries and energy storage systems. GridOne combines 125 kW of power conversion capacity, a 215 kWh lithium iron phosphate battery and optional 50 kW photovoltaic maximum power point tracking in an integrated system designed for applications including peak shaving, solar self-consumption, EV charging load buffering and backup power.
• Unveiled the New Generation of the C7 DC Fast-Charging Station. In June, XCharge presented the new generation of its C7 DC fast-charging station at Power2Drive Europe. Offering charging power of up to 480 kW, the upgraded C7 is designed to provide greater reliability, scalability and serviceability across public charging, commercial fleet, retail and other high-traffic applications.
• Appointed Albina Iljasov as Co-Chief Executive Officer. Effective as of June 1, 2026, XCharge appointed Albina Iljasov as Co-Chief Executive Officer to serve alongside Simon Hou. Ms. Iljasov primarily oversees the Company’s European operations and related strategic initiatives and has primary responsibility for its information security and cybersecurity initiatives.
• Entered into a Long-Term Partnership with EnBW. In March, XCharge entered into a multi-year framework agreement with EnBW, Germany’s largest fast-charging network operator, covering the supply and joint development of fast-charging hardware and software. The partnership followed a field test involving ten XCharge C7 ultra-fast chargers across four EnBW locations, which completed more than 20,000 charging sessions.
• Entered into a Registered Direct Offering. In June, XCharge entered into a securities purchase agreement with a global institutional investor for the sale of 7.0 million ADSs in a registered direct offering, generating gross proceeds of approximately $4.4 million before deducting placement agent fees and estimated offering expenses. The Company intends to use the net proceeds for working capital and general corporate purposes.
• Implemented an ADS Ratio Change. Effective as of August 21, 2026, XCharge changed the ratio of its ADSs to its Class A ordinary shares from one ADS representing 40 Class A ordinary shares to one ADS representing 800 Class A ordinary shares. The ADS ratio change had the same effect as a one-for-20 reverse ADS split for ADS holders. The Company’s Class A ordinary shares were not affected, and its ADSs continue to trade on the Nasdaq Global Market under the symbol “XCH.”
• Change in Management Position. Effective as of September 7, 2026, Aatish V Patel transitioned from President of the Company to General Manager of XCharge Energy USA Inc., the Company’s wholly-owned U.S. subsidiary, to support the continued expansion of its U.S. operations.
• Regained Compliance with Nasdaq Minimum Bid Price Requirement. On September 8, 2026, the Company received confirmation from Nasdaq that it had regained compliance with the Minimum Bid Price Requirement and that the matter is now closed.

Financial Summary for the First Half of 2026

Unless otherwise noted, the following figures refer to the first half of 2026 and comparisons are with the first half of 2025.

• Revenues were $10.3 million, representing a decrease of 17.5% from $12.5 million. Product revenues were $9.5 million, compared with $12.1 million, while service revenues increased to $0.8 million from $0.4 million. The decrease in revenue was primarily attributable to the timing of customer procurement decisions and project deliveries, including temporary delays beginning in late 2025 amid trade policy uncertainty and evolving renewable energy regulations. Despite the lower level of recognized revenue in the first half, order volume increased compared with the prior-year period, supporting the Company’s expectation for significantly higher revenue in the second half of 2026.
• Cost of revenues was $6.3 million, up 3.6% from $6.1 million, primarily reflecting higher input costs for certain components and raw materials and foreign currency exchange effects.
• Gross margin was 38.8%, compared with 51.3%. The decrease was primarily due to the increased proportion of lower-margin products in the sales mix. In addition, the rise in prices of precious metals such as silver and copper also increased the purchase cost of spare parts and led to an increase in cost of sales and a decrease in gross profit. The Company continues to pursue pricing, sourcing and operating initiatives intended to mitigate these cost pressures.
• Operating expenses were $15.2 million, up 9.2% from $13.9 million.
  • Selling and marketing expenses were $5.8 million, representing an increase of 12.7% from $5.2 million. The increase was primarily due to higher marketing expenses associated with the introduction of the Company’s new GridOne product, which was unveiled earlier this year.
  • Research and development expenses were $2.3 million, representing a decrease of 42.7% from $4.1 million. The decrease primarily reflected the non-recurrence of certain development expenditures incurred in the first half of 2025, including third-party system-development costs associated with new product initiatives. The Company continued to invest in the development and enhancement of its charging and energy solutions during the first half of 2026.
  • General and administrative expenses were $7.0 million, representing an increase of 51.3% from $4.6 million. The increase primarily reflected higher professional service expenses, including legal, audit and compliance costs, as well as other costs associated with operating as a U.S.-listed public company, and the shift from foreign currency exchange gain to loss. The increase was partially offset by lower share-based compensation.
• Operating loss was $11.2 million, compared with an operating loss of $7.4 million, primarily reflecting lower gross profit resulting from lower revenue and gross margin, together with higher general and administrative and selling and marketing expenses, partially offset by lower research and development expenses.
• Net loss was $11.1 million, compared with a net loss of $7.3 million. Non-GAAP net loss, which excludes the effect of share-based compensation and changes in fair value of financial instruments, was $10.4 million, compared with a non-GAAP net loss of $4.6 million.
• Basic and diluted loss per Class A and Class B ordinary share was $0.004, compared with a loss per share of $0.003. Non-GAAP basic and diluted loss per Class A and Class B ordinary share, which excludes the effect of share-based compensation and changes in fair value of financial instruments, was $0.003, compared with a non-GAAP loss per share of $0.002.
• Cash and cash equivalents plus restricted cash were $11.4 million as of June 30, 2026, compared with $13.9 million as of December 31, 2025. The decrease primarily reflected cash used in operating activities, partially offset by financing activities, including proceeds from the registered direct offering completed in June 2026. The Company continues to actively manage liquidity and working capital while supporting anticipated higher business activity in the second half of the year.

Use of Non-GAAP Financial Measures

We consider non-GAAP net loss and non-GAAP basic and diluted loss per Class A and Class B ordinary share as supplemental measures to review and assess our operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. We also believe that the use of these non-GAAP measures facilitates investors’ assessment of our operating performance.

These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expense that affect our operations. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. We compensate for these limitations by reconciling these non-GAAP financial measures to the nearest U.S. GAAP performance measures, all of which should be considered when evaluating our performance. We encourage you to review our financial information in its entirety and not rely on a single financial measure.

We define non-GAAP net loss as net loss excluding share-based compensation and changes in fair value of financial instruments. We define non-GAAP basic and diluted loss per Class A and Class B ordinary share as non-GAAP net loss divided by the weighted average number of Class A and Class B ordinary shares outstanding during the period. For more information on these non-GAAP financial measures, please see the tables captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this release.

Exchange Rate Information

This release contains translations of certain Euro and Renminbi amounts into U.S. dollars solely for the convenience of the reader. Unless otherwise noted, translations were made at EUR0.8759 to $1.00 and RMB6.7851 to $1.00, based on the exchange rates as of June 30, 2026 published in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that any amounts could have been, or could be, converted into another currency, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This press release contains forward-looking statements. Such statements are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “objective,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the United States Securities and Exchange Commission.

All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

About XCharge

XCharge (Nasdaq: XCH) is a global provider in high-power electric vehicle charging solutions. The Company has headquarters in Hamburg, Germany and Austin, TX, working with a globally networked team to drive innovation in the field of energy and help its customers achieve long-term success.

For investor and media inquiries, please contact:
XCHG Limited
IR Department
Email: ir@xcharge.com 

Water Tower Research Asia
Feifei Shen, CFA
Tel: +86 134-6656-6136
Email: feifei@watertowerresearch.com 

XCHG LIMITED UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
		As of December 31,				As of June 30,
		2025				2026
		US$				US$
ASSETS
Current assets
Cash and cash equivalents			11,385,381				8,855,514
Restricted cash			2,522,898				2,557,464
Accounts receivable, net			7,005,396				6,452,834
Amounts due from related parties			2,517,833				1,734,333
Inventories, net			9,432,929				13,832,492
Prepayments and other current assets			4,246,959				3,023,022
Total current assets			37,111,396				36,455,659
Non–current assets
Property and equipment, net			1,972,396				2,008,436
Long-term investments			106,704				110,536
Operating lease right-of-use assets, net			1,766,194				1,524,016
Other non-current assets			1,711,830				1,101,478
Total non–current assets			5,557,124				4,744,466
Total assets			42,668,520				41,200,125
LIABILITIES
Current liabilities
Short-term borrowings			6,402,231				8,105,997
Accounts payable			6,727,086				8,320,524
Contract liabilities			4,074,505				6,510,896
Operating lease liabilities—current			592,989				468,274
Financial liability			63,593				24,192
Amounts due to a related party			164,046				159,996
Accrued expenses and other current liabilities			5,513,404				6,068,318
Total current liabilities			23,537,854				29,658,197
Non–current liabilities
Operating lease liabilities—non-current			1,175,413				1,075,871
Other non-current liabilities			88,898				28,089
Total non–current liabilities			1,264,311				1,103,960
Total liabilities			24,802,165				30,762,157
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Class A ordinary shares (USD0.00001 par value; 4,258,745,553 shares authorized; 2,160,310,915 and 2,799,892,915 shares issued, and 2,160,310,915 and 2,459,892,915 shares outstanding, as of December 31, 2025 and June 30, 2026, respectively; the shares issued as of June 30, 2026 include 340,000,000 escrowed reserve shares under the ATM Program.)			21,603				27,999
Class B ordinary shares (USD0.00001 par value; 741,254,447 shares authorized, issued and outstanding as of December 31, 2025 and June 30, 2026)			7,413				7,413
Additional paid – in capital			100,820,027				105,035,759
Accumulated other comprehensive income			1,893,379				1,369,044
Accumulated deficit			(84,876,067	)			(96,002,247	)
Total shareholders’ equity			17,866,355				10,437,968
Total liabilities and shareholders’ equity			42,668,520				41,200,125

XCHG LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
		For the Six Months Ended June 30,
		2025				2026
		US$				US$
Revenues (including sales to a related party of US$753,827 and US$226 for the six months ended June 30, 2025 and 2026, respectively)			12,451,126				10,270,989
Cost of revenues (including purchase from a related party of US$147,611 and US$526 for the six months ended June 30, 2025 and 2026, respectively)			(6,069,788	)			(6,290,301	)
Gross profit			6,381,338				3,980,688
Operating expenses:
Selling and marketing expenses			(5,186,741	)			(5,843,734	)
Research and development expenses			(4,084,917	)			(2,339,474	)
General and administrative expenses			(4,619,965	)			(6,989,407	)
Total operating expenses			(13,891,623	)			(15,172,615	)
Government grants			73,825				8,181
Operating loss			(7,436,460	)			(11,183,746	)
Changes in fair value of financial instruments			106,289				41,217
Interest expenses			(75,149	)			(64,515	)
Interest income			67,190				80,864
Loss before income taxes			(7,338,130	)			(11,126,180	)
Income tax expense			—			—
Net loss			(7,338,130	)			(11,126,180	)
Other comprehensive income (loss)
Foreign currency translation adjustment, net of nil income taxes			(52,090	)			(524,335	)
Comprehensive loss			(7,390,220	)			(11,650,515	)
Loss per Class A and Class B ordinary share–Basic and diluted			(0.003	)			(0.004	)
Weighted average number of Class A and Class B ordinary shares – Basic and diluted			2,544,609,189				3,128,519,848

XCHG LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
		For the Six Months Ended June 30,
		2025				2026
		US$				US$
Cash flows from operating activities:
Net cash used in operating activities			(6,815,957	)			(7,470,588	)
Cash flows from investing activities:
Cash paid for purchase of property and equipment and intangible assets			(311,025	)			(273,477	)
Loans provided to a third party			—				(29,144	)
Net cash used in investing activities			(311,025	)			(302,621	)
Cash flows from financing activities:
Proceeds from short-term bank borrowings			1,391,999				4,371,674
Repayment of short-term bank borrowings			(3,945,105	)			(2,914,449	)
Proceeds from sale of ordinary shares through follow-up offering, net of placement agent fees and other reimbursable expenses $480,312			—				3,894,688
Payments of follow-up offering cost			(956,248	)			(230,389	)
Net cash (used in) provided by financing activities			(3,509,354	)			5,121,524
Effect of foreign currency exchange rate changes on cash and cash equivalents and restricted cash			199,983				156,384
Net increase (decrease) in cash, cash equivalents and restricted cash			(10,436,353	)			(2,495,301	)
Cash, cash equivalents and restricted cash at the beginning of the period			26,773,902				13,908,279
Cash, cash equivalents and restricted cash at the end of the period			16,337,549				11,412,978
Supplemental cash flow information:
Interest paid			73,886				63,655
Non-cash investing and financing activities:
Accrual of ATM program cost			—				5,385
Offering costs charged against additional paid-in capital			—				894,379
Operating right-of-use assets obtained in exchange for operating lease liabilities			874,106			—
Property and equipment transferred from inventories			874,663			—
ROU assets disposed as reduction of operating lease liabilities due to lease termination			—				26,029
Reconciliation of the amount for cash, cash equivalents and restricted cash:
Cash and cash equivalents			16,337,549				8,855,514
Restricted cash			—				2,557,464
Total cash, cash equivalents and restricted cash			16,337,549				11,412,978

XCHG LIMITED UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS
		For the Six Months Ended
		June 30,
		2025				2026
		US$				US$
Net loss			(7,338,130	)			(11,126,180	)
Add: share-based compensation			2,843,701				741,506
Less: changes in fair value of financial instruments			106,289				41,217
Non-GAAP net loss			(4,600,718	)			(10,425,891	)
Loss per Class A and Class B ordinary share–Basic and diluted			(0.003	)			(0.004	)
Add: share-based compensation			0.001				0.001
Less: changes in fair value of financial instruments		—				—
Non-GAAP Loss per Class A and Class B ordinary share – Basic and diluted			(0.002	)			(0.003	)

WUXI, China, Sept. 18, 2026 (GLOBE NEWSWIRE) — LOBO TECHNOLOGIES LTD. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative electric mobility vehicles manufacturer and seller, today announced its unaudited financial results for the first half of fiscal year 2026 ended June 30, 2026.

Mr. Huajian Xu, Chief Executive Officer of LOBO, commented, “We delivered encouraging progress in the first half of 2026, with total revenues increasing 20.6% year over year. Our core electric vehicles and accessories business remained resilient, generating 8.2% revenue growth, while our newly launched AI infrastructure services business contributed approximately $1.5 million in revenue and began to broaden our revenue base.

“At the same time, we continued to sharpen our cost structure and improve operating efficiency, with total operating expenses decreasing 17.9% year over year and our net loss narrowing meaningfully compared with the prior-year period. These results reflect our focus on balancing growth investment with greater financial discipline.

“Looking ahead, we will continue to strengthen our core electric mobility business while selectively pursuing technology-driven opportunities that complement our capabilities and expand our growth potential. We remain focused on disciplined execution, efficient capital allocation and building sustainable long-term value for our shareholders.”

First Half of Fiscal Year 2026 Financial Summary

• Revenues were $14.6 million for the first half of fiscal year 2026, an increase of 20.6% from $12.1 million for the same period of last year.
• Gross profit was $1.9 million for the first half of fiscal year 2026, relatively stable compared to $1.9 million for the same period of last year.
• Gross profit margin was 13.2% for the first half of fiscal year 2026, compared to 16.1% for the same period of last year.
• Net loss was $1.1 million for the first half of fiscal year 2026, compared to $2.6 million for the same period of last year.
• Basic and diluted loss per share were $0.07 for the first half of fiscal year 2026, compared to $0.28 for the same period of last year.

First Half of Fiscal Year 2026 Financial Results

Revenues

Revenues were $14.6 million for the first half of fiscal year 2026, an increase of 20.6% from $12.1 million for the same period of last year. Revenues from electric vehicles and accessories sales increased by 8.2%, to $13.1 million for the first half of fiscal year 2026, from $12.1 million for the same period of last year, and the Company generated $1.5 million of revenues from its new AI infrastructure services business.

• Revenue from two-wheeled e-bicycles was $8.1 million for the first half of fiscal year 2026, an increase of 21.71% from $6.7 million for the same period of last year.
• Revenue from two-wheeled e-mopeds was nil for the first half of fiscal year 2026, compared to $36,778 for the same period of last year.
• Revenue from three-wheeled electric vehicles was $2.2 million for the first half of fiscal year 2026, a decrease of 29.22% from $3.1 million for the same period of last year.
• Revenue from four-wheeled electric off-highway shuttles was $0.9 million for the first half of fiscal year 2026, an increase of 143.51% from $0.4 million for the same period of last year.
• Revenue from batteries was $0.9 million for the first half of fiscal year 2026, a decrease of 46.75% from $1.7 million for the same period of last year.
• Revenue from parts and accessories was $1.0 million for the first half of fiscal year 2026, an increase of 345.36% from $0.2 million for the same period of last year.

Cost of Revenues

Cost of revenue was $12.7 million for the first half of fiscal year 2026, an increase of 24.8% from $10.1 million for the same period of last year. The increase primarily due to the growth in electric vehicles and accessories sales and the addition of $1.3 million of cost of revenues associated with the Company’s new AI infrastructure services business.

Gross Profit

Gross profit was $1.9 million for the first half of fiscal year 2026, relatively stable compared to $1.9 million for the same period of last year. Gross profit margin was 13.2% for the first half of fiscal year 2026, compared to 16.1% for the same period of last year.

Operating Expenses

Total operating expenses were $2.5 million for the first half of fiscal year 2026, a decrease of 17.9% from $3.1 million for the same period of last year.

• Selling and marketing expenses were $0.4 million for the first half of fiscal year 2026, an increase from $0.3 million for the same period of last year, primarily due to higher salary expenses and freight costs associated with higher sales volume.
• General and administrative expenses were $0.8 million for the first half of fiscal year 2026, decreased from $1.7 million for the same period of last year. The general and administrative expenses decrease primarily due to lower professional service fees incurred in the six months ended June 30, 2026.
• Research and development expenses were $1.3 million for the first half of fiscal year 2026, an increase from $1.1 million for the same period of last year, primarily due to the Company’s continued investment in developing its platform related AI infrastructure.

Net Loss

Net loss was $1.1 million for the first half of fiscal year 2026, compared to $2.6 million for the same period of last year.

Basic and Diluted Loss per Share

Basic and diluted loss per share were $0.07 for the first half of fiscal year 2026, compared to $0.28 for the same period of last year.

Financial Condition

As of June 30, 2026, the Company had cash and cash equivalents of $1.0 million, compared to $0.9 million as of December 31, 2025.

Net cash used in operating activities was $3.7 million for the first half of fiscal year 2026, compared to $1.2 million for the same period of last year.

Net cash used in investing activities was $0.6 million for the first half of fiscal year 2026, compared to net cash provided by investing activities of $0.1 million for the same period of last year.

Net cash provided by financing activities was $4.3 million for the first half of fiscal year 2026, compared to $0.6 million for the same period of last year.

About LOBO TECHNOLOGIES LTD.

LOBO TECHNOLOGIES LTD. (NASDAQ: LOBO) is a manufacturer of electric mobility products. Its product portfolio includes electric bicycles, electric motorcycles, electric tricycles, electric off-road vehicles (such as golf carts and mobility scooters) as well as solar-powered vehicles.

LOBO is committed to promoting sustainable transportation through advanced technologies, with the goal of reducing carbon emissions and improving energy efficiency.

For more information about the Company, please visit: www.loboebike.com.

For more information about the Company’s Claw AI Agent platform and LoboToken.ai platform, please visit:

Claw AI Agent platform: www.loboaiclaw.com;

LoboToken.ai: www.lobotoken.ai.

Forward-Looking Statements

This announcement contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. 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 find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions in this announcement. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. 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 annual report for the fiscal year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 28, 2026, and other filings with the SEC.

For more information, please contact:

LOBO TECHNOLOGIES LTD.
Zane Xu
Investor Relations Manager
Email: ir@loboai.com

Ascent Investor Relations LLC
Tina Xiao
Tel: +1-646-932-7242
Email: investors@ascent-ir.com

LOBO TECHNOLOGIES LTD
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
(In U.S. dollars except for number of shares)
		As of
		June 30, 2026				December 31, 2025
Assets
Current assets:
Cash and cash equivalents		$	980,746			$	908,341
Accounts receivable, net			3,922,979				3,107,520
Inventories, net			10,221,788				9,698,754
Short-term investments			49,962				747,709
Prepaid expenses and other current assets			3,281,862				3,366,882
Total current assets			18,457,337				17,829,206
Property and equipment, net			1,106,184				1,097,411
Intangible assets, net			121,037				308,553
Operating lease right-of-use assets, net			796,351				1,014,161
Long-term loan receivable			850,000				–
Deferred tax assets			182,882				247,309
Total Assets			21,513,791				20,496,640
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable		$	1,455,864			$	1,768,339
Contract liability			3,239,888				2,067,018
Other current payables			718,523				3,360,773
Taxes payable			1,739,791				1,414,938
Amounts due to related parties			163,625				38,564
Short-term loans			4,540,378				2,968,491
Operating lease liabilities, current			1,451,725				1,233,892
Total current liabilities			13,309,794				12,852,015
Long-term loan			14,990				95,441
Deferred tax liabilities			7,964				151,308
Operating lease liabilities, non-current			200,306				410,572
Total liabilities			13,533,054				13,509,336
Commitments and contingencies			–				–
Equity:
Class A Ordinary shares (US$0.001 par value per share; 90,000,000 and 90,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 10,711,618 and 8,838,194 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively)			10,712				8,839
Class B Ordinary shares (US$0.001 par value per share; 10,000,000 and 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 3,730,320 and 3,730,320 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively)			3,730				3,730
Additional paid-in capital			12,624,147				10,804,674
Accumulated deficit			(4,873,449	)			(3,795,004	)
Accumulated other comprehensive income/(loss)			51,153				(199,379	)
Statutory reserve			164,444				164,444
Total shareholders’ equity			7,980,737				6,987,304
Total Liabilities and Equity		$	21,513,791			$	20,496,640

LOBO TECHNOLOGIES LTD
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(In U.S. dollars except for number of shares)
		Six Months Ended June 30,
		2026				2025
Revenues		$	14,586,984			$	12,091,762
Cost of revenues			12,661,580				10,149,305
Gross Profit			1,925,404				1,942,457
Operating expenses
Selling and marketing expenses			423,358				338,080
General and administrative expenses			796,048				1,701,458
Research and development expenses			1,320,313				1,053,921
Total operating expenses			2,539,719				3,093,459
Operating loss			(614,315	)			(1,151,002	)
Other (expenses)/income
Interest expense			(60,464	)			(1,437,601	)
Gain on disposal of subsidiaries			–				50,545
Other (expenses)/income			(478,784	)			86,714
Total other (expenses)/income, net			(539,248	)			(1,300,342	)
Loss before income tax expense			(1,153,563	)			(2,451,344	)
Income tax (benefit)/expense			(75,118	)			170,825
Net Loss			(1,078,445	)			(2,622,169	)
Net Loss			(1,078,445	)			(2,622,169	)
Foreign currency translation adjustments			250,532				176,222
Total comprehensive loss			(827,913	)			(2,445,947	)
Net loss per share, basic and diluted		$	(0.07	)		$	(0.28	)
Weighted average shares outstanding, basic and diluted			14,678,842				9,368,223

LOBO TECHNOLOGIES LTD
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In USD)
		For the six months ended June 30,
		2026			2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss		(1,078,445	)		(2,622,169	)
Adjustment to reconcile net loss to net cash used in operating activities
Depreciation and amortization		284,556			364,331
Common stock issued for services		–			354,950
Investment loss/(income)		389,239			(20,113	)
Gain on disposal of subsidiaries		–			(50,545	)
Amortization of Convertible Note issuance cost and debt discount upon conversion		–			1,421,069
Amortization of operating lease right-of-use assets		246,095			–
Changes in Operating Assets and Liabilities
Accounts receivable, net		(1,702,930	)		(952,628	)
Inventories, net		(223,173	)		(1,726,797	)
Prepaid expenses and other current assets		172,286			3,358,866
Deferred tax asset		71,197			–
Deferred tax liabilities		(146,315	)		–
Accounts payable		(359,867	)		(648,149	)
Advance from customers		1,097,007			(1,212,522	)
Other current payables		(2,698,280	)		(14,258	)
Taxes payable		278,306			364,118
Operating lease Liabilities		(42,362	)		170,091
Net cash used in operating activities		(3,712,686	)		(1,213,756	)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of short-term investment		(810,815	)		(551,526	)
Sales of short-term investment		1,134,125			571,639
Proceeds from disposal of subsidiaries		–			206,822
Purchase of property and equipment		(51,475	)		(95,215	)
Payments for loans advanced to third parties		(850,000	)		–
Net cash (used in)/provided by investing activities		(578,165	)		131,720
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of Class A ordinary shares and warrants		1,820,746			–
Proceeds from exercise of Pre-Funded Warrants		600
Proceeds of interest-free loan from related parties		1,677,783			382,484
Repayments of interest-free loan to related parties		(576,221	)		(1,180,782	)
Proceeds from short-term loan		2,185,824			1,481,385
Repayments of short-term loans		(728,608	)		–
Repayments of long-term loans		(75,448	)		(71,389	)
Net cash provided by financing activities		4,304,676			611,698
					–
Effect of exchange rate changes on cash and cash equivalents		58,580			4,959
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS		72,405			(465,379	)
CASH AND CASH EQUIVALENTS, beginning of period		908,341			1,889,590
CASH AND CASH EQUIVALENTS, end of period		980,746			1,424,211
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid during the period for:
Income taxes		4,200			–
Interest		72,686			(26,741	)
NON-CASH TRANSACTIONS
Common stock issued upon conversion of debt and accrued interest					1,382,664
Offsetting of the consideration receivable from disposal of subsidiary against other current payables					3,515,981
Offsetting of account receivables against amounts due to related parties		976,335			–

NEW YORK, Sept. 18, 2026 (GLOBE NEWSWIRE) — Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that Henri Steenkamp will step down from his position as Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary, effective October 31, 2026, for health-related reasons.

Mr. Steenkamp will continue to support the Company in a consulting capacity following the transition, providing continuity and institutional knowledge as the Company implements its expanded leadership structure. Mr. Steenkamp will also remain a member of the Company’s Board of Directors and CFO of the Company’s SBIC subsidiaries, where he will continue to contribute his long-standing knowledge of the Company’s business, investment platform, governance practices and strategic priorities.

The Company also announced the following leadership appointments, each effective October 31st, 2026:

• Christine Ramdihal has been promoted to Chief Accounting Officer and Treasurer, and will serve as the Company’s principal financial officer
• Rochelle Kracoff has been promoted to Chief Compliance Officer and Secretary
• James Soltesz has been appointed as Investment Manager and Vice President of Capital Markets

Ms. Ramdihal has served as Controller of Saratoga Investment and brings significant accounting, financial-reporting and audit experience to her expanded role. Prior to joining Saratoga Investment almost ten years ago, she spent seven years in external audit roles at CBIZ and BDO, serving clients in both general assurance and financial-services practices.

Ms. Kracoff has served as Assistant Chief Compliance Officer and Treasury Manager at Saratoga Investment since 2021, following four years with the Company as Compliance Manager. In her expanded role, she will continue to oversee the Company’s compliance program and support the Company’s continued focus on regulatory adherence, governance and risk management. Before joining Saratoga Investment in 2017, Ms. Kracoff held legal and compliance roles at Visium Asset Management and earlier legal-operations positions.

Mr. Soltesz is an Investment Manager of Saratoga Investment Advisors, LLC, the Company’s investment adviser. He is responsible for underwriting, trading and portfolio management activities related to the firm’s third-party CLO security business. In his expanded role as Investment Manager and Vice President of Capital Markets, Mr. Soltesz will expand his role to support the Company’s overall balance sheet management.

These promotions reflect Saratoga Investment’s established succession planning and the depth of its leadership team. Christine Ramdihal, Rochelle Kracoff and Jim Soltesz each bring meaningful functional experience, institutional knowledge and a strong understanding of the Company’s operating standards to their expanded responsibilities. Collectively, their backgrounds across accounting, financial reporting, compliance, treasury, investment and balance sheet management and portfolio oversight provide a strong internal foundation for the transition.

Together with Mr. Steenkamp’s continued availability in a consulting capacity as well as his continued role on the Company’s Board of Directors and in the SBIC subsidiaries, these appointments are intended to support continuity across the Company’s finance, compliance, investment and governance functions. Saratoga Investment expects to maintain its disciplined approach to financial controls, regulatory compliance, risk management and stakeholder communications throughout the transition.

“On behalf of the Board and the entire Saratoga Investment team, I want to thank Henri for his significant contributions to the Company and his partnership over the years,” said Christian L. Oberbeck, Chairman and Chief Executive Officer of Saratoga Investment. “While we are sorry to see Henri step away from certain executive roles for health-related reasons, we fully support his decision to prioritize his health. We are grateful that he will remain engaged as a member of our Board, with our SBIC subsidiaries and be available in a consulting capacity ensuring a smooth transition. Christine, Rochelle and Jim are highly capable leaders with deep knowledge of our business and operating standards, and we are confident in their ability to provide continuity, disciplined execution and strong oversight as we advance Saratoga Investment’s strategic priorities.”

Mr. Steenkamp added, “It has been a privilege to serve Saratoga Investment, our Board, our shareholders and our dedicated team. I am proud of the Company’s progress and of the strong financial, compliance and investment capabilities we have built over the years, as well as the strength of the team that remains. While I am stepping away from my executive responsibilities to focus on my health, I remain fully committed to Saratoga Investment’s long-term success and look forward to continuing to support the Company as a director and in a consulting capacity during this transition.”

About Saratoga Investment

Saratoga Investment is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The Company invests primarily in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. Saratoga Investment’s objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its debt and equity investments. Saratoga Investment has elected to be regulated as a business development company under the Investment Company Act of 1940 and is externally managed by Saratoga Investment Advisors, LLC, an SEC-registered investment advisor focusing on credit-driven strategies. Saratoga Investment Corp. owns two active SBIC-licensed subsidiaries, having surrendered its first license after repaying all debentures for that fund following the end of its investment period and subsequent wind-down. Furthermore, it manages a $350 million collateralized loan obligation (“CLO”) fund that has recently repriced and reset its reinvestment period and co-manages a joint venture (“JV”) fund that owns a $400 million collateralized loan obligation (“JV CLO”) fund, and has equity and junior security investments in both CLO’s. The Company’s diverse funding sources, combined with a permanent capital base, enable Saratoga Investment to provide a broad range of financing solutions.

Forward Looking Statements

This press release contains historical information and forward-looking statements with respect to the business and investments of the Company, including, but not limited to, the statements about future events or our future performance or financial condition. Forward-looking statements can be identified by the use of forward looking words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or negative versions of those words, other comparable words or other statements that do not relate to historical or factual matters. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including, but not limited to: changes in the markets in which we invest; changes in the financial, capital, and lending markets; an economic downturn or a recession and its impact on the ability of our portfolio companies to operate and the investment opportunities available to us; the impact of interest rate volatility on our business and our portfolio companies; the uncertainty associated with the imposition of tariffs and trade barriers and changes in trade policy and its impact on our portfolio companies and the global economy; the impact of supply chain constraints and labor shortages on our portfolio companies; and the elevated levels of inflation and its impact on our portfolio companies and the industries in which we invests, as well as those described from time to time in our filings with the Securities and Exchange Commission.

Any forward-looking statement speaks only as of the date on which it is made. The Company undertakes no duty to update any forward-looking statements made herein or on the webcast/conference call, whether as a result of new information, future developments or otherwise, except as required by law. Readers should not place undue reliance on any forward-looking statements and are encouraged to review the Company’s Annual Report on Form 10-K for the fiscal year ended February 28, 2026 and subsequent filings, including the “Risk Factors” sections therein, with the Securities and Exchange Commission for a more complete discussion of the risks and other factors that could affect any forward-looking statements. 

Contacts:

Saratoga Investment Corporation
535 Madison Avenue, 4th Floor
New York, NY 10022

Henri Steenkamp
Chief Financial Officer
Saratoga Investment Corp.
212-906-7800

Lena Cati
The Equity Group Inc.
212-836-9611 / lena.cati@theequitygroup.com

Val Ferraro
The Equity Group Inc.
212-836-9633 / val.ferraro@theequitygroup.com

LAS VEGAS, Sept. 18, 2026 (GLOBE NEWSWIRE) — HF Foods Group Inc. (NASDAQ: HFFG) (“HF Foods” or the “Company”), a leading distributor of international foodservice solutions to Asian restaurants and other businesses across the United States and Canada, today announced that it has terminated the Sales Agreement among the Company, D.A. Davidson & Co. and Roth Capital Partners, LLC, dated September 25, 2025 (the “Sales Agreement”) and the At-The-Market (“ATM”) equity offering program it established on September 25, 2025, under which the Company could sell shares of its common stock for aggregate gross proceeds of up to $100 million. The termination is effective as of September 24, 2026.

About HF Foods Group Inc.

HF Foods Group Inc. is a leading marketer and distributor of fresh produce, frozen and dry food, and non-food products to primarily Asian restaurants and other foodservice customers throughout the United States and Canada. HF Foods aims to supply the increasing demand for Asian American restaurant cuisine, leveraging its nationwide network of distribution centers and its strong relations with growers and suppliers of fresh, high-quality specialty restaurant food products and supplies in the US and Asia. Headquartered in Las Vegas, Nevada, HF Foods trades on Nasdaq under the symbol “HFFG”. For more information, please visit www.hffoodsgroup.com.

Safe Harbor Disclosure

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as “expect,” “estimate,” “target,” “anticipate,” “forecast,” “plan,” “outlook,” “believe” and similar terms. Such forward-looking statements include, but are not limited to, statements regarding the Company’s financial position, business strategy and the anticipated effects of the termination of the Sales Agreement and the ATM equity offering program.

Although the Company believes that the expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally.

HF Foods undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Additional information about factors that could cause HF Foods’ actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect HF Foods’ future results included in HF Foods’ filings with the Securities and Exchange Commission (the “SEC”) at www.sec.gov. In addition, HF Foods makes available free of charge at https://investors.hffoodsgroup.com/financials/sec-filings, copies of materials it files with, or furnishes to, the SEC.

Contact:

ICR
Anna Kate Heller
hffoodsgroup@icrinc.com

FOSTER CITY, Calif., Sept. 18, 2026 (GLOBE NEWSWIRE) — Geron Corporation (Nasdaq: GERN), a hematology-focused biopharmaceutical company pursuing more meaningful moments for people living with blood cancer, today reported that, effective September 17, 2026, it granted stock options to purchase an aggregate of 821,250 shares of common stock to nine newly hired employees as an inducement material to such employees’ acceptance of employment with Geron.

The stock options have an exercise price of $1.32 per share, which is equal to the closing price of Geron’s common stock on the grant date, have a ten-year term and vest over four years, with 12.5% of the shares underlying the options vesting on the six-month anniversary of commencement of employment of such employee and the remaining shares vesting over the following 42 months in equal installments of whole shares, subject to continued employment with Geron through the applicable vesting dates.

The equity awards were granted by the Compensation Committee of Geron’s Board of Directors in accordance with Nasdaq Listing Rule 5635(c)(4) and are subject to the terms and conditions of Geron’s 2018 Inducement Award Plan and the form of stock option agreement under the plan.

About Geron
Geron is a hematology-focused biopharmaceutical company pursuing more meaningful moments for people living with blood cancer. Because patients cannot wait, we approach our work with urgency, bringing together deep expertise in telomerase biology with patient perspectives and insights from clinical research and real-world care. Our medicine, RYTELO^® (imetelstat), is approved in the United States and European Union for certain patients with lower-risk myelodysplastic syndromes (LR-MDS). We are building on our foundation in telomerase inhibition by studying imetelstat in myelofibrosis, including a pivotal Phase 3 clinical trial in patients with JAK-inhibitor relapsed/refractory disease, as well as other hematologic malignancies. Geron is a commercial-stage company with offices in Parsippany, New Jersey and Foster City, California. To learn more, visit www.geron.com or follow us on LinkedIn.

CONTACT:
Dawn Schottlandt
Senior Vice President, Investor Relations and Corporate Affairs
dschottlandt@geron.com

PALO ALTO, Calif., Sept. 18, 2026 (GLOBE NEWSWIRE) — BridgeBio Pharma, Inc. (Nasdaq: BBIO) (“BridgeBio” or the “Company”), a biopharmaceutical company focused on developing medicines for genetic conditions, today announced that on September 18, 2026, the compensation committee of BridgeBio’s board of directors approved equity grants to 36 new employees in restricted stock units for an aggregate of 63,009 shares of the Company’s common stock. One-fourth of the shares underlying each employee’s restricted stock units will vest on November 16, 2027, with one-twelfth of the remaining shares underlying each such employee’s restricted stock units vesting on a quarterly basis thereafter, in each case, subject to each such employee’s continued employment with the Company or one of its subsidiaries on such vesting dates.

The above-described awards were each granted as an inducement material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4) and were granted pursuant to the terms of the Plan. The Plan was adopted by BridgeBio’s board of directors in November 2019, and amended and restated on February 10, 2023 and on December 13, 2023.

About BridgeBio Pharma, Inc.
BridgeBio exists to develop transformative medicines for genetic conditions. Millions of people worldwide living with genetic conditions lack treatment options, often because drug development for small patient populations can be commercially challenging. We aim to bridge the gap between advancements in genetic science and meaningful medicines for underserved patient populations. Our decentralized, hub-and-spoke model is designed for speed, precision, and scalability. Autonomous and empowered teams focus on individual conditions, while a central hub provides the clinical, regulatory, and commercial capabilities needed to bring innovation to market. For more information, visit bridgebio.com and follow us on LinkedIn, X, Facebook, Instagram, YouTube, and TikTok.

BridgeBio Media Contact:
Kaitlyn Reilly, Director, Communications
contact@bridgebio.com
(650)-789-8220

BridgeBio Investor Contact:
Kristen Kelleher, Director, Investor Relations
ir@bridgebio.com