Month: October 2026

SHOEMAKERSVILLE, Pa., Oct. 27, 2026 (GLOBE NEWSWIRE) — Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded supplies and equipment for controlled environment agriculture, today announced that it has entered into definitive agreements for the purchase of 1,599,400 shares of common stock in a registered direct offering at a purchase price of $0.905 priced at-the-market under Nasdaq rules. In a concurrent private placement, investors also agreed to purchase 7,611,575 unregistered shares of common stock (or pre-funded warrants (“Pre-funded Warrants”) in lieu thereof) and 9,210,975 common stock purchase warrants (“Common Warrants”) at a purchase price of $0.9050. Each Common Warrant is exercisable for one share of common stock at an exercise price of $0.78 and will expire five and a half years from the issuance date. Total gross proceeds from the offering, before deducting the placement agent fee and offering expenses are expected to be approximately $8.3 million. All of the shares of common stock, Pre-funded Warrants, and Common Warrants are being sold by the Company.

Bill Toler, the Company’s Chairman and Chief Executive Officer, as well as additional officers and directors of the Company, or their respective affiliates, will participate in the offering on the same terms as the other investors.

ThinkEquity is acting as sole placement agent and advisor to Hydrofarm in connection with the transactions. The Company intends to use the net proceeds for general corporate purposes. The closing of the offering is expected to occur on or about October 27, 2026, subject to satisfaction of customary closing conditions.

In conjunction with the closing of the offering, the Company has entered into agreements with the holders of its Senior Secured Term Loan (the “Term Loan”) and the agent thereunder to issue 27.5 million shares of Series 1 Non-Voting Convertible Preferred Stock and common stock purchase warrants to purchase 27.5 million shares of common stock (“Lender Warrants”) to satisfy the Company’s Term Loan in full. Each share of Series 1 Non-Voting Convertible Preferred Stock converts into one share of common stock. Each Lender Warrant is exercisable for one share of common stock at an exercise price of $0.78. The conversion of the shares of Series 1 Non-Voting Convertible Preferred Stock and exercise of the Lender Warrants are subject to shareholder approval.

The registered direct offering is being made pursuant to a registration statement on Form S-3 (File No. 333-291444) relating to the shares was filed with the Securities and Exchange Commission (“SEC”) on November 12, 2025 under the Securities Act of 1933, as amended (the “Securities Act”) and declared effective on December 10, 2025, the base prospectus dated December 10, 2025 thereunder and a prospectus supplement to the base prospectus to be filed with the SEC. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 41^st Floor, New York, New York 10004. The final prospectus will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov.

The concurrent private placement of the common shares, Common Warrants, and Pre-funded Warrants, will be made in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act, or Rule 506 of Regulation D promulgated thereunder. The securities offered and sold by the Company in the private placement have not been registered under the Securities Act, or state securities laws and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such registration requirements. The Company has agreed to file a registration statement with the SEC covering the resale of the shares of common stock, Common Warrants, Pre-funded Warrants, and common stock underlying the Pre-funded Warrants and Common Warrants to be issued in the private placement. Any resale of the Company’s shares under such resale registration statement will be made only by means of a prospectus.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Hydrofarm Holdings Group, Inc.
Hydrofarm is a leading independent manufacturer and distributor of supplies and equipment for controlled environment agriculture, including plant nutrition, growing media, horticultural lighting, and climate control solutions, as well as a broad portfolio of innovative proprietary branded products. The Company manufactures its proprietary plant nutrition and growing media brands at its manufacturing center of excellence in Eugene, Oregon. For nearly 50 years, Hydrofarm has helped growers make growing easier and more productive. The Company’s mission is to empower growers, farmers and cultivators with products that enable greater quality, efficiency, consistency and speed in their grow projects.

Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “believe,” “expect,” “intend,” “anticipate,” “plan,” “will,” “project,” “potential” and similar expressions. They include, among others, statements regarding: the completion and timing of the closing of the registered direct offering and concurrent private placement, and the expected gross proceeds and intended use of the net proceeds; the satisfaction and discharge of the Term Loan through the issuance to the holders of the Term Loan of Series 1 Non-Voting Convertible Preferred Stock and Lender Warrants, and the release of related liens; the receipt of stockholder approval for the conversion of the Series 1 Non-Voting Convertible Preferred Stock and the issuance of shares upon exercise of the Lender Warrants; the filing and effectiveness of resale registration statements for the securities issued in the concurrent private placement and to the holders of the Term Loan; and the Company’s future financial performance, liquidity and capital allocation plans.

These statements are based on management’s current expectations and assumptions. They are subject to risks and uncertainties that could cause actual results to differ materially, including: the risk that the offering does not close when expected or at all, including because customary closing conditions are not satisfied; the risk that the conditions to the termination of the Term Loan are not satisfied on time; the risk that stockholders do not approve the conversion of the Series 1 Non-Voting Convertible Preferred Stock or the issuance of the Lender Warrant shares, or that approval is delayed; the risk that the Company cannot file or obtain effectiveness of the required resale registration statements; the dilution to existing stockholders from the issuance of common stock, Pre-Funded Warrants, Common Warrants, Lender Warrants and Series 1 Non-Voting Convertible Preferred Stock, and from any later conversion or exercise; the impact on the market price of the common stock of future sales of shares; the risk that the Company does not regain or maintain compliance with Nasdaq continued listing requirements; and the other factors described under “Risk Factors” in the Company’s Annual Report on Form 10-K, subsequent periodic reports, file with the SEC. Forward-looking statements speak only as of the date of this release, and the Company undertakes no obligation to update them except as required by law.

CONTACT: ir@hydrofarm.com 

Adding a dedicated HLS sales and business development platform with a multi-vendor portfolio and international channels

NEW YORK and NETANYA, Israel, Oct. 27, 2026 (GLOBE NEWSWIRE) — T3 Defense Inc. (Nasdaq: DFNS) (“T3 Defense” or the “Company”), a defense company that acquires and operates mission-critical defense businesses, today announced that it has entered into a definitive stock purchase agreement to acquire 100% of KeepZone AI Inc. (“KeepZone”), a homeland security technology distribution, integration, and marketing company, from Nexera Technologies Ltd. (Nasdaq: NEXR) (“Nexera”). Following the closing, KeepZone is expected to serve as T3 Defense’s dedicated homeland security (HLS) marketing, sales and business development platform, extending the Company’s commercial reach to critical infrastructure, law enforcement, public safety, and border security customers in Israel and international markets.

KeepZone adds a dedicated sales and business development capability to T3 Defense’s portfolio of engineering and manufacturing subsidiaries, bringing an experienced business development team, a U.S.-incorporated commercial entity, and representation agreements with homeland security technology providers that allow it to offer customers integrated, multi-layer security solutions. T3 Defense intends to use KeepZone’s sales channels to introduce its subsidiaries’ products alongside KeepZone’s existing portfolio, creating cross-selling opportunities and a broader offering for customers.

KeepZone markets, distributes, and integrates technologies for both its proprietary VocentraAI voice-analysis platform and products from its partners, including Scanary, SeeTrue, STI, RT LTA Systems, BeeSense, ParaZero, ZorroNet, VELQOR, SensorzTech and Skyline Software Systems. KeepZone combines these capabilities into coordinated security solutions for critical infrastructure and other homeland security applications.

“Our subsidiaries build mission-critical defense systems; KeepZone brings a dedicated sales platform to introduce those products to additional homeland security customers,” said Menny Shalom, Chairman and Chief Executive Officer of T3 Defense. “This acquisition will allow us to expand our commercial reach while providing us with a U.S. presence and active channels in North America, Latin America and the Gulf. We structured the transaction so that a majority of the potential consideration is contingent on KeepZone generating post-closing net profit, aligning the acquisition with our disciplined approach to capital allocation.”

“KeepZone was built to connect homeland security technologies with the customers who need them,” said Alon Dayan, Chief Executive Officer of KeepZone. “Joining T3 Defense adds a portfolio of engineered defense products that we can bring to our customer and partner relationships, so we can offer them a broader, integrated solution set from a single partner.”

Transaction Details

Initial consideration is $1.0 million, payable at closing in newly issued common stock (and, to the extent required by a 4.9% beneficial ownership limitation, pre-funded warrants), priced at the average closing price of T3 Defense common stock for the five trading days preceding closing. Nexera is also eligible for an earn-out equal to 50% of KeepZone’s standalone net profit generated during the 24 months following the closing, calculated on the first $10.0 million of net profit and therefore capped at $5.0 million, payable in cash. The seller is also entitled to additional shares of T3 Defense common stock if 6 months after closing the stock price is less than the price on closing. KeepZone is being acquired without any debt or liability. Closing is expected within 60 days of the signing of the stock purchase agreement, subject to customary closing conditions, including Nasdaq notification regarding the issuance of additional shares and certain third-party consents. Additional details will be included in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission (SEC).

About KeepZone AI Inc.
KeepZone AI Inc. is a homeland security technology company that markets, integrates and supports a multi-vendor portfolio of screening, surveillance, counter-UAS, AI analytics and unmanned aerial solutions for critical infrastructure, government and high-security environments. For more information, visit www.KeepZone.ai.

About T3 Defense Inc.
T3 Defense Inc. (Nasdaq: DFNS) is a defense company that acquires and operates mission-critical defense businesses involved in national security programs. It focuses on manufacturers with strong customer relationships and solid order backlogs, often capacity- and resource-constrained, in specialized areas such as drones and autonomous vehicles, counter-drone systems, advanced manufacturing, tactical robotics, and AI software and system integration. Through disciplined acquisitions, centralized capital and strategy, and decentralized day-to-day operations, T3 Defense aims to strengthen essential defense capabilities and build long-term value. For more information, visit www.t3dfns.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the anticipated closing and timing of the acquisition of KeepZone; the expected benefits of the acquisition, including cross-selling and commercial opportunities; the potential earn-out; KeepZone’s representation and distribution relationships; and the Company’s growth and acquisition strategy. These statements are based on management’s current expectations and involve risks and uncertainties that could cause actual results to differ materially, including: the risk that closing conditions, including Nasdaq notification and third-party consents, are not satisfied or that the transaction does not close; the risk that KeepZone’s representation or distribution agreements are terminated, not renewed or not consented to; the absence of any assurance that KeepZone will generate revenue or profit or that any earn-out will become payable; dilution from the issuance of shares and warrants; integration risks; defense and homeland security procurement timing and funding; customer concentration; competitive and geopolitical conditions, including conditions in Israel; the Company’s liquidity and capital resources; the Company’s ability to maintain compliance with Nasdaq listing requirements; and other risks described in the Company’s filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Forward-looking statements speak only as of the date of this release, and the Company undertakes no obligation to update or revise them, except as required by law.

Contact Us:
T3 Defense Inc.
575 5th Avenue
New York, NY 10017
contact@t3dfns.com
www.t3dfns.com

Investor Relations
The Equity Group Inc.
Lena Cati
lena.cati@theequitygroup.com
+1 212 836-9611

Val Ferraro
val.ferraro@theequitygroup.com
+1 212 836-9633

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d2c87d50-aadc-440d-83ae-e0ba800ccf9f

News Highlights

• AMD and Meta collaborate across CPUs, GPUs, networking, systems and software to power Meta services and AI infrastructure
• AMD Helios rackscale solutions will power Meta’s leading frontier models and services
• AMD technology is the compute engine of choice for Muse and AMD technologies provide Day-0 support for leading Meta models

SANTA CLARA, Calif., Oct. 27, 2026 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) today highlighted its deep strategic partnership with Meta, announcing AMD Helios™ rackscale solutions are running at Meta, AMD EPYC™ processors power Meta’s Muse AI agent, and AMD technologies provide Day-0 support for Meta models including Muse Spark Open and Muse Glimmer.

This builds on years of co-design and collaboration between the two companies across AMD EPYC™ processors, AMD Instinct™ GPUs, AMD Pensando™ networking and AMD ROCm™ AI infrastructure.

“Meta is a strategic partner for AMD, and we have built this partnership through years of deep technical collaboration – from EPYC processors powering Meta’s infrastructure to Instinct GPUs and open software supporting its AI workloads,” said Lisa Su, Chair and CEO, AMD. “With Helios now running at Meta, we are taking that partnership to a new scale in the superintelligence era. Together, we are building and deploying infrastructure at gigawatt scale and shaping future generations of silicon, software and systems to enable Meta’s most ambitious superintelligence models and services.”

“AMD has been a key partner in building out the compute that’s running our frontier models,” said Mark Zuckerberg, founder and CEO, Meta, “We’re making big investments in the computing power that will enable us to bring personal superintelligence to everyone, and AMD plays an important role in that.”

AMD Powering Meta Infrastructure, Today
AMD technology powers Meta’s infrastructure across compute, networking, systems and software.

• Initial AMD Helios rackscale solutions are installed and being tested by Meta on the path to a broader deployment in the near future.
• AMD EPYC processors support the dedicated computing environments behind Meta’s Muse personal AI agent. Meta has deployed millions of EPYC processors across multiple generations and is a lead customer for 6th Gen EPYC™ CPUs. The companies are also collaborating on future generations, including “Verano.”
• AMD Instinct GPUs are currently used in production in Meta’s infrastructure for training, ranking and recommendation engines. Meta was also an early definition customer for the AMD Instinct™ MI450 architecture, and it will deploy a custom AMD Instinct GPU that is optimized for its workloads. The collaboration is also informing future AMD platforms, including AMD Instinct™ MI500 series GPUs and next-generation rack-scale systems.
• AMD and Meta have worked together to advance ROCm through PyTorch to ensure that developers can leverage AMD GPUs right out of the box. As well, AMD delivered Day-0 support for Meta’s Muse Spark Open models on AMD Instinct GPUs and for Muse Glimmer on AMD Ryzen™ AI PCs and AMD Radeon™ GPUs.
• AMD and Meta have expanded their software collaboration to large-scale AI training, optimizing recommendation models on AMD Instinct MI350X GPUs and contributing improvements to PyTorch, Triton and ROCm for other developers to use.

As Meta grows its AI capabilities, the companies are working together across silicon, software and systems to address the demands of operating AI infrastructure for billions of people. The companies have aligned product roadmaps and engineering decisions around current and future Meta workloads, evolving years of collaboration into building and deploying integrated AI systems at gigawatt scale.

In addition, AMD will invest $1 billion in Meta’s equity offering.

Supporting Resources

• Learn more about AMD Instinct GPUs
• Learn more about AMD EPYC CPUs
• Learn more about AMD Helios
• Follow AMD on LinkedIn
• Follow AMD on X 

About AMD
AMD (NASDAQ: AMD) drives innovation in high-performance and AI computing to solve the world’s most important challenges. Today, AMD technology powers billions of experiences across cloud and AI infrastructure, embedded systems, AI PCs and gaming. With a broad portfolio of AI-optimized CPUs, GPUs, networking and software, AMD delivers full-stack AI solutions that provide the performance and scalability needed for a new era of intelligent computing. Learn more at www.amd.com.

Cautionary Statement
This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the collaboration, expectations and anticipated benefits of the strategic partnership with Meta including the expected broader deployment of AMD Helios rack-scale systems in the near future; the companies collaborating on future generations of AMD EPYC™ processors including “Verano”; the collaboration informing future AMD platforms including AMD Instinct MI500™ series GPUs and next-generation rack-scale systems; and the companies aligning product roadmaps and engineering decisions around current and future Meta workloads, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as “would,” “may,” “expects,” “believes,” “plans,” “intends,” “projects” and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and are generally beyond AMD’s control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: impact of government actions and regulations such as export regulations, national-security-based regulations, import tariffs, trade protection measures, and licensing requirements; competitive markets in which AMD’s products are sold; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; AMD’s ability to introduce products on a timely basis with expected features and performance levels; loss of a significant customer; economic and market uncertainty; quarterly and seasonal sales patterns; AMD’s ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD’s products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, components (such as memory supply), substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD’s products; AMD’s ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD’s products; AMD’s reliance on third-party intellectual property to design and introduce new products; AMD’s reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD’s reliance on Microsoft and other software vendors’ support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD’s internal business processes and information systems; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; failure to maintain an efficient supply chain as customer demand changes; AMD’s ability to rely on third party supply-chain logistics functions; AMD’s ability to effectively control sales of its products on the gray market; impact of climate change on AMD’s business; AMD’s ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD’s notes, the guarantees of Xilinx’s notes and the revolving credit agreement; AMD’s ability to satisfy financial obligations under guarantees, leases and other commercial commitments; impact of acquisitions, joint ventures and/or investments on AMD’s business and AMD’s ability to integrate acquired businesses; impact of any impairment of the combined company’s assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD’s ability to attract and retain key employees; and AMD’s stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s most recent reports on Forms 10-K and 10-Q.

_{AMD, the AMD Arrow logo, AMD Instinct, AMD Pensando, AMD ROCm, EPYC and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.}

CONTACT: Contact:
Aaron Grabein
AMD Communications
aaron.grabein@amd.com

Liz Stine
AMD Investor Relations
liz.stine@amd.com

Company to Host Second Quarter Fiscal Year 2027 Results Conference Call on Monday, November 16, 2026, at 8:30 a.m. Eastern Time

AUSTIN, Texas, Oct. 27, 2026 (GLOBE NEWSWIRE) — Virtuix Holdings Inc. (NASDAQ: VTIX) (“Virtuix” or the “Company”), a leading developer of AI-driven, full-body simulation systems, today announced that it expects to report strong revenue growth for the second quarter of fiscal year 2027, ended September 30, 2026, driven in part by increased Omni One sales following the Company’s June launch of Omni One for Quest in collaboration with Meta. These expectations are preliminary and remain subject to completion of the Company’s quarter-end financial closing procedures. Virtuix will host a conference call on Monday, November 16, 2026, at 8:30 a.m. Eastern Time to discuss its financial results and provide an update on commercial developments across consumer entertainment, defense simulation, and healthcare.

The call will also cover Virtuix’s expanding defense and enterprise footprint, including recent sales to the U.S. Army, U.S. Navy, and U.S. Department of Veterans Affairs, developments in humanoid robotics and enterprise applications, and the Company’s upcoming autism therapy pilot.

Jan Goetgeluk, Virtuix’s Chief Executive Officer and Chairman, and Thomas McGinnis, Chief Financial Officer, will host the conference call and present a detailed overview of the Company’s fiscal second quarter performance, commercial traction, outlook for fiscal year 2027, and key growth initiatives designed to support long-term shareholder value creation. The presentation will be followed by a question-and-answer period.

“We are excited to share what we anticipate will be a standout quarter for Virtuix, driven by meaningful growth in Omni One revenues following our successful launch of Omni One for Quest in collaboration with Meta,” said Jan Goetgeluk, Chairman and CEO of Virtuix. “Combined with accelerating momentum in our defense business, we believe these developments reflect the strength of our execution and the significant growth opportunities ahead.”

To access the call, please use the following information:

Date:	Monday, November 16, 2026
Time:	8:30 a.m. Eastern time (5:30 a.m. Pacific time)
Dial-in:	1-877-425-9470
International Dial-in:	1-201-389-0878
Conference Code:	13763588
Webcast:	https://viavid.webcasts.com/starthere.jsp?ei=1781164&tp_key=cbbdd7e49e

A telephone replay will be available approximately three hours after the call and will run through November 30, 2026, by dialing 1-844-512-2921 from the U.S., or 1-412-317-6671 from international locations, and entering replay pin number: 13763588. The replay can also be viewed through the webcast link above, and the presentation utilized during the call will be available on the Company’s investor relations website here.

About Virtuix

Virtuix Holdings Inc. (NASDAQ: VTIX) is a developer of AI-driven, full-body immersive simulation systems and the creator of the “Omni” omni-directional treadmill. Virtuix’s technology lets users physically move through virtual and AI-generated environments. The Company’s products are deployed across consumer entertainment, defense training and simulation, robotics, healthcare, research, and enterprise applications involving organizations including Meta, NASA, Tesla, KBR, and Sirica Therapeutics. The Company’s growing federal and defense footprint includes programs, deployments, and research initiatives involving the U.S. Army, Marine Corps, Navy, and Air Force.

Virtuix continues to expand the Omni brand from immersive entertainment into a broader, full-body simulation technology platform serving multiple commercial and government markets. For more information, visit virtuix.com or the Company’s new Investor Relations website at invest.virtuix.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” “could,” “would,” “potential” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding the Company’s expected results for the second quarter of fiscal year 2027; revenues, revenue growth, outlook for fiscal year 2027, and expansion plans; anticipated demand for Omni One; plans to pursue and complete strategic acquisitions; potential impacts of any acquisition on future revenues, operations, or shareholder value; and the Company’s position in and prospects for the consumer, defense, healthcare, and enterprise markets. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the possibility that the Company’s final results for the second quarter of fiscal year 2027 differ from its preliminary expectations as a result of the completion of its financial closing procedures; the Company’s dependence on its relationship with Meta and on consumer demand for Omni One; the Company’s ability to achieve market acceptance in new markets and applications; the Company’s ability to identify, negotiate, and complete acquisitions on favorable terms or at all; the ability to successfully integrate any acquired business; risks related to government contracting, including contract cancellations, modifications, or funding changes; the uncertainties related to market conditions; and other factors discussed in the “Risk Factors” section of the Company’s registration statement filed with the SEC and in its subsequent periodic reports filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. Except as required by applicable law, the Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

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Company Contact
Lauren Premo
Virtuix Inc.
press@virtuix.com

Investor Relations Contact
Chris Tyson
MZ Group
Direct: 949-491-8235
VTIX@mzgroup.us

IDB findings on regional digital trade reinforce AIBotics’ Jamaica-first strategy to pursue mapping, drone services and automation opportunities across CARICOM

MIAMI and KINGSTON, Jamaica, Oct. 27, 2026 (GLOBE NEWSWIRE) — AIBotics, Inc. (OTCID: AIBT) (“AIBotics” or the “Company”) today outlined a Jamaica-first expansion strategy for NovaCore Labs intended to bring commercial technology services to selected markets across the Caribbean Community (CARICOM). Building on its October 14, 2026 acquisition of specified NovaCore operating assets from PlayJamaica Limited, AIBotics plans to use the Jamaica operation’s existing capabilities in drone services, geospatial mapping and automation to develop a repeatable, locally supported service model before entering additional markets.

The opportunity is increasingly cross-border. In a September 30, 2026 analysis, the Inter-American Development Bank (IDB) reported that Latin American and Caribbean exports of digitally delivered services expanded from $18.5 billion in 2005 to $87.7 billion in 2024. Yet trade among economies within the region accounted for only 8.4% of their 2023 digitally deliverable services exports. These broader Latin American and Caribbean figures are not CARICOM-specific estimates, but they illustrate the untapped potential for providers that can serve neighboring markets.

A World Bank economic update released in October 2026 projected 2.2% growth across Latin America and the Caribbean for the year, while identifying AI adoption, productivity improvements and technical training as pathways to stronger performance. AIBotics believes that applying advanced technology to real commercial needs—supported by trained personnel and consistent service delivery—offers an opportunity in Caribbean markets even amid modest overall regional economic growth.

Private-sector activity also demonstrates the value of an established regional operating presence. In August, global travel retailer Avolta announced a majority investment in Penha Duty Free Group, an established retailer operating across five Caribbean markets. That separate transaction has no connection to AIBotics, but illustrates how companies in other industries are using local platforms and relationships to pursue growth across multiple island economies.

For NovaCore, AIBotics intends to evaluate potential demand in tourism and hospitality, infrastructure and property surveying, mapping, facility operations and other areas where drones, geospatial information and robotics can solve practical problems. Rather than treating CARICOM as one uniform market, management plans to assess prospective territories individually based on customer demand, partners, regulations, staffing and service economics. No new country launch, cross-border contract or deployment is being announced.

“Our goal is to make Jamaica a base from which we can serve a wider Caribbean market, not simply a place to test technology,” said Gregory Moore, Chief Executive Officer of NovaCore Labs Limited. “Businesses across the islands often face similar challenges in mapping, inspection and service delivery. We intend to build dependable capabilities here, develop the people who can support them and pursue regional customers where our services can deliver clear commercial value.”

NovaCore’s acquired operating assets include commercial drones, service robots, mapping equipment, software and related field capabilities. The Company intends to build on relationships previously developed with the University of Technology, Jamaica, and the University of the West Indies Global Campus as it explores workforce development and technical training. Any new institutional program, additional investment or regional entry remains subject to funding, local requirements and necessary agreements.

“The opportunity is not limited to the size of any one island market,” said Ben Kaplan, Chief Executive Officer of AIBotics. “The IDB’s findings point to significant room for cross-border digital services to develop. Our focus is to build a real operating business in Jamaica, establish services customers will pay for and expand into additional Caribbean markets when demand and execution support it.”

AIBotics intends to assess progress and update investors through customer opportunities, agreed service engagements, development of local technical capacity and practical arrangements for serving new territories.

About AIBotics
AIBotics, Inc. is a global technology company building a platform around AI-enabled robotics, autonomous systems and intelligent automation. The Company focuses on applying advanced technologies to real-world environments through strategic partnerships, technology development and international market relationships. AIBotics seeks to identify, develop, implement and scale solutions that improve machine operations, automate business processes and expand the practical use of artificial intelligence in the physical world. For more information, visit www.aibotics.ai.

Forward-Looking Statements
This release contains forward-looking statements regarding the expansion of NovaCore operations, customer demand, service offerings, AI and LiDAR capabilities, workforce programs, regional growth, revenue milestones and contemplated capital deployment. The intended US$1 million budget is not fully funded or deployed by virtue of this announcement; financing is subject to availability and the Company’s contemplated Regulation A offering. Contractual earn-out thresholds are not forecasts. Plans may be affected by financing availability, retention and development of personnel, transfer or consent requirements for contracts, regulatory permissions, customer demand, competition, public procurement, technical performance and operational execution. No projects, partnerships, revenues or regional expansion are guaranteed. Forward-looking statements speak only as of the date made, subject to applicable disclosure obligations.

Media and Investor Relations
David Kugelman
Atlanta Capital Partners, LLC
Office: (404) 856-9157
Toll Free: (866) 692-6847
Mobile and WhatsApp: (404) 281-8556
dk@atlcp.com

GENIUSpark Alberta targets an initial 100 MW of high-performance computing (HPC) capacity across a cluster of 3 MW to 9.9 MW sites, with a stretch goal of 1 GW, and plans a Genius City to serve the full cluster in east-central Alberta.

Every GENIUSpark Alberta site intends to return a portion of funds towards training and reskilling via the Genius City model, and establish a local Community Investment Fund.

First site, Hanna Campus No. 1, is a $24.3 million, 2.4 MW HPC campus on a 20.2-acre site to be acquired in Hanna, Alberta.

Construction is planned to commence in December 2026 with first compute targeted for the second quarter of 2027.

Alberta has received more than 16 GW of data center connection requests against an interim grid limit of 1.2 GW, giving sub-10 MW sites with their own power a fast path to market^[1].

WEST PALM BEACH, Fla., SINGAPORE and CALGARY, Alberta, Oct. 27, 2026 (GLOBE NEWSWIRE) — FingerMotion, Inc. (Nasdaq: FNGR) (“FingerMotion” or the “Company”), Genius Group Limited (NYSE American: GNS) (“Genius Group”, or “GNS”), a leading AI-powered education group and BlueFlare Energy Solutions Inc. (“BlueFlare”), a Calgary-based developer of behind-the-meter power and data center infrastructure, today announced that they have signed binding agreements to form GENIUSpark Alberta Inc. (“GENIUSpark Alberta”) and to build its first site, Hanna Campus No. 1. The agreements follow Genius Group’s launch of GENIUSpark yesterday as a Community-first Data Center initiative and make Alberta, Canada the home of the first GENIUSpark joint venture.

GENIUSpark Alberta: The First GENIUSpark Joint Venture

GENIUSpark Alberta will be formed under a binding joint venture and shareholder agreement with FingerMotion holding 51% and Genius Group holding 49% of the initial issued share capital. The board consists of two directors from each company, and budgets, new sites, debt, new investors and related-party contracts all require the approval of both parties. FingerMotion leads the site acquisition, power, construction and data center management together with BlueFlare. Genius Group leads the branding, marketing, training and reskilling academy, future school and community program. Each site will be held in its own Alberta project company, targeted to be funded by a combination of equity and debt financing.

Each site has a target to pay 10% of its net profit into a locally governed Community Fund, and Genius Group will deliver Genius City programs, including schooling, entrepreneurship and reskilling into the jobs each site creates. The partners intend to develop a Genius City serving the full cluster of sites, beginning with a feasibility study at a proposed energy park in east-central Alberta. Genius Group’s education platforms will also have priority access to GENIUSpark capacity at 10% below its best market price.

The first site, Hanna Campus No. 1, is located on a 20.2-acre site in the Town of Hanna, east-central Alberta, contracted for acquisition by the Hanna project subsidiary. The site plans to launch a first phase of 3 MW of grid power from ATCO and 2.4 MW of HPC capacity running 432 GPU servers, with the option to add up to 3 MW of BlueFlare’s own natural gas generation.

The total project cost for Hanna is estimated at $24.3 million, targeted to be funded with approximately $14.4 million of non-recourse project debt and $9.9 million of equity contributed in proportion to the partners’ ownership. Construction is planned to begin in December 2026, with first compute targeted for the second quarter of 2027.

The first phase of the site is planned to be live within six months of first power, and at full capacity Hanna is designed to generate more than $24 million in annual revenue. Closing is subject to customary conditions, including completion of the land purchase, the grid connection agreement, project financing and regulatory approvals.

Hanna is the pilot site for the Alberta roll-out. Under the agreements, further sites are approved once Hanna sustains an average of at least $1.64 per chip-hour at 70% utilization, or once a new site has contracts or prepayments for at least half of its capacity and a lender commitment, while site, permitting, and power work on the next sites can begin during the Hanna ramp-up.

GENIUSpark Alberta targets an initial 100 MW of HPC capacity and a stretch goal of 1 GW, and the partners intend to consider a listing of GENIUSpark Alberta on the TSX or Nasdaq at the appropriate time.

Why Alberta: Power, Speed and Community

TrendForce forecasts global data center power demand to rise 31% this year to 161 GW, and to reach 490.7 GW by 2030, leaving a projected 268 GW gap against available grid capacity^[2]. Alberta sits at the center of that gap: large-load connection requests in the province climbed above 16 GW, against an interim limit of 1,200 MW for new loads of 75 MW or more through 2027 and 2028. GENIUSpark Alberta sites are sized below 10 MW and can bring their own behind-the-meter power, allowing them to move in months rather than waiting years in the grid queue.

Nearly $200 billion of U.S. data center projects, across about 120 projects, were blocked or delayed in the first half of 2026, and a Gallup survey found that seven in ten citizens oppose a data center in their local area^[3]. The partners believe the GENIUSpark model addresses the growing demand for a community-first power and compute solution.

Jolie Kahn, CEO of FingerMotion, said “Hyperscale and technology companies are signing up to 15-year, multi-billion-dollar contracts for powered capacity, for which construction is a multi year process, thus one of the scarcest assets in digital infrastructure today is a site you can energize in months. GENIUSpark Alberta takes FingerMotion beyond powered land into owning the compute that runs on it. With BlueFlare’s and FingerMotion’s power and infrastructure and Genius Group’s community model, Hanna is the first step in what we believe can become one of Alberta’s leading high-performance computing platforms.”

Roger James Hamilton, Founder and CEO of Genius Group, said “Yesterday we announced the launch of GENIUSpark as a community solution for the next era of computing. Today we are pleased to have signed our first joint venture to build the GENIUSpark model in Alberta. FingerMotion and BlueFlare have the power, site-development and construction capability. Genius Group has the community reskilling and treasury model that directly benefits the local community.”

Unit Economics Built for Alberta

Under the GENIUSpark model, each full 9.9 MW site is targeted to generate more than $100 million in annual revenue at a target net profit margin of up to 35%, with a goal of providing more than $3 million a year invested in the local Community Fund and more than 1,000 students, entrepreneurs and workers trained each year.

The partners target site capex of $9.85 million per MW of compute, using refurbished servers bought in bulk, modular halls and BlueFlare’s own power, and all-in project cost of $10.1 million per MW against an industry average of $17.6 million per MW for a new data center in the U.S. and Canada before any chips are installed^[4].

Landon Ruszkowski, CEO of BlueFlare, said “Small sites with their own power are how Alberta wins in high-performance computing. We design, build and operate each site ourselves, generate power behind the meter, and avoid the multi-year transmission queue. Hanna will be built by Albertans and staffed locally around the clock, and it sets the template for every GENIUSpark Alberta site that follows, with the jobs, the investment and a share of the profits staying in the community.”

Following signing, the partners will incorporate GENIUSpark Alberta and Hanna Campus No. 1 Inc., complete the Hanna land purchase, grid connection and project financing, and make the required regulatory filings ahead of construction.

Sources

[1] McCarthy Tétrault, “Alberta faces a surge in AI data centre power demand: AESO responds with phased connection plan,” June 6, https://www.mccarthy.ca/en/insights/blogs/canadian-energy-perspectives/alberta-faces-a-surge-in-ai-data-centre-power-demand-aeso-responds-with-phased-connection-plan
[2] TrendForce, “Data Center Power Demand to Rise 31% in 2026; Grid Gap to Widen from 2028,” September 16, 2026.
https://www.trendforce.com/presscenter/news/20260916-13237.html

[3] Gizmodo, citing Data Center Watch and Gallup, “Nearly $200 billion worth of data center projects have been blocked or delayed this year,” September 21, 2026.
https://gizmodo.com/nearly-200-billion-worth-of-data-center-projects-have-been-blocked-or-delayed-this-year-2000815054

[4] Cushman & Wakefield, 2026 Data Center Development Cost Guide, September 3, 2026.
https://www.stocktitan.net/news/CWK/cushman-wakefield-releases-2026-data-center-development-cost-guide-xf33r13eb1oh.html

About BlueFlare

BlueFlare Energy Solutions Inc. is an Alberta-incorporated developer, engineer and constructor of behind-the-meter energy and high-performance compute infrastructure operating under the “From Wellhead to Workload” platform. BlueFlare originates, designs, builds and supports co-located natural gas generation, high-performance compute and bitcoin mining sites across Western Canada, integrated by its proprietary BALA™ (BlueFlare Adaptive Load Architecture™) load-following platform. BlueFlare self-performs design, procurement, construction and commissioning on its programs. BlueFlare is a subsidiary of BlueFlare Group Holdings Inc. Additional information is available at www.goblueflare.com.

About FingerMotion

FingerMotion, Inc. (Nasdaq: FNGR) is a technology company that has historically served the mobile payment, recharge and data-analytics markets in the People’s Republic of China. Through its relationship with BlueFlare Energy Solutions Inc., the company is developing behind-the-meter powered high performance computing capacity in Alberta for high-performance computing clients. Additional information is available at www.fingermotion.com.

About Genius Group

Genius Group (NYSE: GNS) is a global education group delivering AI powered, education and acceleration solutions for the future of work. Genius Group serves 6 million users in over 100 countries through its Genius City model and online digital marketplace of AI training, AI tools and AI talent. It provides personalized, entrepreneurial AI pathways combining human talent with AI skills and AI solutions at the individual, enterprise and government level. To learn more, please visit geniusgroup.ai

Forward-Looking Statements

Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including statements regarding GENIUSpark Alberta’s intended model, targets, capacity, costs, timing, revenue, net profit, community benefits, further sites, any future listing, and the closing of the Hanna Campus No. 1 project. Forward-looking statements can be identified by the use of words such as “may,” “will”, “plan,” “should,” “expect,” “anticipate,” “estimate,” “target,” “continue,” or comparable terminology. The intended model and targets are for illustrative purposes only and are not intended as binding projections, forecasts or guarantees, and depend on assumptions including compute pricing, utilization, power and construction costs, and the availability of project financing and customer contracts, which are not yet in place. Closing of the Hanna project is subject to conditions including the land purchase, grid connection, project financing and regulatory approvals, and there is no assurance that it will close on the terms described or at all. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the companies cannot predict with accuracy, and may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the additional factors under the heading “Risk Factors” in FingerMotion’s Periodic Reports on Forms 10-K and 10-Q, as supplemented by its Current Reports on Form 8-K, and in FingerMotion’s filings with the Securities and Exchange Commission. None of Genius Group, FingerMotion nor BlueFlare assumes any obligation to update or supplement forward-looking statements. No information in this press release should be construed as any indication whatsoever of any party’s future revenues, results of operations, or stock price.

Contacts
FingerMotion: ir@fingermotion.com
Genius Group: investor@geniusgroup.ai
BlueFlare: sales@goblueflare.com