Author: Ravi Shankar

All amounts in U.S. dollars unless otherwise stated 

TORONTO, Oct. 20, 2026 (GLOBE NEWSWIRE) — Onex Corporation (TSX: ONEX) will release its results for the third quarter ended September 30, 2026 on November 13, 2026.

A live broadcast of Onex’ webcast to discuss the results will begin at 11:00 a.m. ET on November 13, 2026. A link to the webcast and on-line replay will be available at www.onex.com/events-and-presentations.

About Onex

Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, banks, insurance companies, family offices and high-net-worth individuals. In total, Onex has approximately $56.2 billion in assets under management, of which $9.5 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.

Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedarplus.ca.

For further information:
Zev Korman
Vice President, Shareholder Relations and Communications
+1 416.362.7711

Additional expense reductions build on earlier cost saving initiatives and accelerate path toward positive cash flow

Technology investments and higher-value mortgage products support a more scalable operating model

PROVIDENCE, R.I., Oct. 20, 2026 (GLOBE NEWSWIRE) — via IBN — Beeline Holdings, Inc. (Nasdaq: BLNE) (“Beeline” or the “Company”), a digital mortgage and home equity platform, today announced an additional operating expense reduction plan targeting approximately $250,000 in monthly savings, representing $3 million in annualized operating expense reductions. These savings are incremental to cost reductions implemented earlier in 2026.

The initiative is part of Beeline’s ongoing transformation toward a leaner, more efficient, technology-driven operating model. The additional planned reductions are expected to lower the Company’s fixed-cost structure, improve operating leverage and accelerate its path toward positive operating cash flow.

The plan includes workforce reductions, infrastructure consolidation and elimination of legacy overhead costs. Beeline expects approximately $270,000 in one-time transition expenses through Dec. 1, 2026, after which the full monthly savings are expected to be realized.

Beeline continues to leverage its proprietary MagicBlocks AI customer acquisition technology, a newly developed mortgage pricing engine with technology infrastructure supporting higher-value, Non-QM products, including Bank Statement and Debt Service Coverage Ratio (DSCR) loans. These investments are designed to improve conversion rates, increase revenue per employee and enable the Company to scale more efficiently, which contributed to increased revenues in Q3 2026.

“This initiative represents a fundamental shift in Beeline’s operating model,” said Nick Liuzza, Chief Executive Officer. “We have invested heavily in technology and higher-value mortgage products, and we are now aligning our cost structure with those capabilities. These additional expense reductions build on the actions we have already taken this year and represent another important step toward creating a more efficient, scalable business with a clear focus on achieving positive operating cash flow.”

Beeline continues to advance its proposed acquisition of TYTL Holdings, Inc. and its broader home equity and blockchain strategy, subject to applicable approvals and closing conditions.

About Beeline Holdings, Inc.

Beeline Holdings, Inc. is a technology-driven mortgage and home-finance company focused on simplifying and accelerating the path to homeownership, property investment and home-equity access. Through its digital platform, Beeline offers mortgage products designed for traditional borrowers, self-employed borrowers and real estate investors and is expanding its platform into home equity investment products. We believe everyone’s an investor seeking greater financial freedom. That’s why we’re leveling the playing field with the fastest, simplest loans and access to home-equity ever, helping you reach your financial happy place.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s expected third quarter revenues and operating expenses, its future expense reductions and severance costs, the impact of recent changes on future operations including revenue growth and future fixed operating expenses, and future operating cash flow.

Forward-looking statements are prefaced by words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “should,” “would,” “intend,” “seem,” “potential,” “appear,” “continue,” “future,” “believe,” “estimate,” “forecast,” “project,” “target,” and similar words. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. We caution you, therefore, against relying on any of these forward-looking statements. Our actual results may differ materially from those contemplated by the forward-looking statements for a variety of reasons, including, without limitation, the possibility that estimates, projections and assumptions on which the forward-looking statements are based prove to be incorrect including incorrect assumptions on our revenue or operating results being less than expected adjustments made by our auditors in their review of our financial statements,  future interest rate changes, the risks arising from the impact of affordability, inflation, tariffs, the war in the Middle East, and a recession which may result on the Company’s business, prospective customers, and on the national and global economy, our ability to raise  additional capital to meet future goals and milestone targets, our ability to attract homeowners to our products and services, our ability to comply with applicable regulatory requirements and new regulations and developments that may arise including the potential for regulatory changes regarding digital assets, artificial intelligence, and other areas that impact and may in the future impact the Company’s business, the risk that software and technology infrastructure on which we depend fails to perform as designed or intended, the parties’ ability to negotiate and execute definitive agreements, satisfy closing conditions, obtain required approvals, including shareholder approvals, and the possibility that our expectations and perceived benefits with respect to strategic transactions including the previously announced merger with TYTL Holdings, Inc. Additional information regarding these and other risks is contained in Beeline’s filings with the Securities and Exchange Commission, including the Risk Factors contained in the Company’s 2025 Annual Report on Form 10-K and our prospectus supplement dated March 10, 2026. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Contacts

Investor Relations
ir@makeabeeline.com

Media Inquiries
press@makeabeeline.com

Corporate Communications
IBN.Ai
Austin, Texas
www.IBN.Ai
512.354.7000 Office
Editor@IBN.Ai

Report explores the consumer, cultural and design influences expected to impact vehicle color over the next three to five years

PHILADELPHIA, Oct. 20, 2026 (GLOBE NEWSWIRE) — Axalta (NYSE: AXTA), a leading global coatings company, today released its 2026-2027 Global Automotive Color Trends Report, offering vehicle manufacturers and designers a forward-looking view of the consumer, cultural and design influences expected to shape automotive color over the next three to five years.

Developed by Axalta’s global color experts, the report explores how changing consumer expectations around wellness, authenticity, technology, sustainability and personal expression are influencing the future of vehicle color. As automotive brands seek new ways to differentiate themselves and connect with customers, color is increasingly becoming a tool for communicating vehicle character, brand identity and emotional value.

“Color is no longer just an aesthetic choice. It has become a tool for brands to differentiate themselves and promote emotional connection,” said Radovan Dimovski, Global Product Manager of Color. “Our 2026-2027 trends reflect a changing marketplace where consumers are looking for color experiences that balance optimism, innovation, comfort and individuality.”

The report identifies four key automotive color trends expected to influence future vehicle design:

Beyond Quiet: Strength in Softness explores the evolution of pastel-inspired hues into more sophisticated, premium color expressions. These softer shades reflect growing consumer demand for calm, optimism and approachability while maintaining confidence and contemporary appeal.

Luxury 2.0 Beyond the Pomp & Into the Soul highlights the rise of deeper reds and browns that communicate authenticity, craftsmanship and emotional richness. These colors reflect a shift toward a more personal and human-centered interpretation of luxury and premium design.

Deep Dive: Just Beyond Depth examines the convergence of technology and nature through colors that evoke trust, stability, innovation and the growing appreciation for natural influences. These hues align closely with themes shaping the mobility industry, including electrification and digital transformation.

Beyond Ordinary: The Power of Essentials demonstrates how traditional whites, blacks, grays and silvers continue to serve as the foundation of automotive color while evolving through advanced effects, finishes and nuanced undertones that create greater differentiation and premium appeal.

Axalta’s global color forecasting process draws inspiration from a broad range of industries, including automotive, architecture, consumer products, fashion and technology. By combining trend analysis, consumer insights and color science expertise, Axalta helps automotive manufacturers anticipate future preferences and develop color strategies that resonate with evolving consumer expectations. The resulting insights are showcased through Axalta’s global color shows, immersive presentations across the globe, hosted by Axalta’s color experts, that bring future color direction to life through curated palettes, painted vehicle-form panels and innovative coating technologies. Designed for OEM design and color teams, the shows demonstrate how emerging consumer and design trends can be translated into manufacturable colors that inspire the next generation of vehicles.

The 2026-2027 Global Automotive Color Trends Report is the latest example of Axalta’s ongoing commitment to helping customers navigate the future of mobility through innovative color solutions and industry-leading expertise.

For more information about Axalta’s color capabilities and to read the whole report, visit axalta.com/color.

About Axalta
Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 140 countries better every day with the finest coatings, application systems and technology. For more information visit axalta.com and follow us on LinkedIn.

Axalta Coating Systems 1050 Constitution Ave. Philadelphia, PA 19112 axalta.com

Global Media Contact media-relations@axalta.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8e459676-d06d-4287-8495-da5fab3822fd

Proposed US$1.49 million project combines solar generation with 2 MWh of battery storage under a planned 50/50 ownership structure

Palmerston North, New Zealand, Oct. 20, 2026 (GLOBE NEWSWIRE) — SunScout Holding Limited (NYSE American/NYSE Texas: SNSC) (“SunScout” or the “Company”), a clean-technology company developing and commercializing autonomous, solar-powered robotic mowers and related solar energy solutions, today announced that its wholly-owned subsidiary, SunScout New Zealand Limited (“SunScout New Zealand”), has secured agreement with the landowners to advance the development of a solar generation and battery storage project at Te Akau, New Zealand (the “Te Akau Project”).

The Te Akau Project is planned to comprise approximately 1.5 megawatts peak (MWp) of ground-mounted solar generation using single-axis trackers, together with a 2 megawatt-hour (MWh) battery energy storage system. The indicative total project cost is NZ$2.64 million (approximately US$1.49 million), including solar generation equipment, battery storage, grid connection and development costs.

The agreed structure provides for a dedicated project company to be owned equally by SunScout New Zealand and the landowners. SunScout New Zealand will lead engineering, procurement and construction, arrange project financing and electricity sales, and undertake or procure ongoing operations and maintenance. The landowners will provide long-term access to the project site and take responsibility for obtaining resource consent, supported by SunScout’s technical team.

“This agreement gives us a clear commercial framework to move the Te Akau Project into its next stage of development,” said David Bennett, General Manager of SunScout New Zealand. “It brings together our engineering and project delivery capabilities with a landowner participation model that aligns both parties around the project’s long-term performance. Combining solar generation with battery storage also gives us greater flexibility in structuring electricity sales and managing the timing of energy delivery.”

The proposed financing structure targets approximately 70% project debt, with the remaining 30% funded through an equity contribution from SunScout New Zealand. These amounts remain indicative and subject to final project costs and financing arrangements.

Under the agreed commercial framework, SunScout New Zealand will receive 60% of distributable project cash until its equity contribution has been recovered, after which distributions will be shared equally with the landowners, with the detailed mechanics to be set out in the definitive documentation.

Electricity sales may be structured through power purchase agreements with private customers, sales to electricity retailers, wholesale market sales, or a combination of these arrangements.

The parties intend to progress definitive project documentation while undertaking the necessary consenting, technical, grid-connection and financing work. The Term Sheet contemplates that the parties will use reasonable endeavours to execute definitive documentation within 90 days, and permits SunScout New Zealand to withdraw from the Te Akau Project before the end of the feasibility period if it determines that the project is not commercially viable. Development remains subject to satisfactory feasibility results, resource consent, acceptable grid-connection terms, financing and completion of definitive agreements. A construction timetable has not yet been established.

About SunScout Holding Limited

SunScout Holding Limited is a clean-technology company engaged in the design, development, manufacturing, and commercialization of autonomous, solar-powered robotic mowers and related solar energy solutions. Powered entirely by solar energy through the Company’s proprietary deployable solar array (“DSA”) technology, SunScout’s robotic mowers operate independently of the electrical grid and feature autonomous navigation and AI-powered obstacle avoidance. SunScout also provides solar power development solutions, as well as engineering products and services, including precision fabrication, mechanical engineering, and project management. SunScout’s mission is to eliminate reliance on fossil fuels in outdoor maintenance and mobile machinery, beginning with lawn care and expanding into adjacent applications.

For more information, please visit the Company’s website: https://www.snsc.ai.

Forward-Looking Statements

This announcement contains forward-looking statements concerning the proposed Te Akau Project, including its capacity, cost, ownership structure, financing, development and anticipated operations. These statements reflect the Company’s current expectations and are subject to risks and uncertainties. Investors can find many (but not all) of these statements by the use of words such as “believe,” “plan,” “expect,” “intend,” “should,” “seek,” “estimate,” “will,” “aim” and “anticipate,” or other similar expressions in this announcement. Actual outcomes may differ materially from the anticipated results due to factors including feasibility findings, consenting decisions, grid-connection requirements, financing availability, final commercial agreements, equipment costs and electricity market conditions. The Te Akau Project may be modified, delayed or discontinued. 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. Investors are encouraged to review other factors that may affect the Company’s future results in the registration statement and other filings with the U.S. Securities and Exchange Commission (the “SEC”). Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov.

US dollar equivalents are provided for convenience using an exchange rate of NZ$1 = US$0.56255 as of 16 October 2026.

For more information, please contact:

SunScout Holding Limited
Investor Relations Department
Email: investors@snsc.ai

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

BALLERUP, Denmark, Oct. 20, 2026 (GLOBE NEWSWIRE) — LiqTech International, Inc. (Nasdaq: LIQT) (“LiqTech” or the “Company”), a clean technology company specializing in advanced filtration technologies, today announced an order from Shanghai Qiyao Environmental Technology Co. Ltd. for two water treatment units for intelligent control by exhaust recycling (iCER) marine engine applications. Delivery is scheduled for December 2026.

The order marks Shanghai QiYao Environmental Technology first purchase of LiqTech iCER water treatment systems and expands an existing relationship previously focused on marine scrubber water treatment. It follows LiqTech’s other recent marine orders since its JV in China established in November 2024, including scrubber water treatment units in May 2025, dual-fuel engine water treatment systems announced in November 2025, and four exhaust gas recirculation (EGR) water treatment systems announced in June 2026.

“This order is an important example of how we can expand established marine customer relationships into additional applications,” said Fei Chen, President and Chief Executive Officer of LiqTech. “Our investments in adapting our silicon carbide membrane technology for iCER and EGR systems are broadening our addressable market. We see opportunities to build a more diversified and repeatable marine business as customers adopt new engine technologies.”

In iCER applications, water is used to cool and clean exhaust gas before part of the gas is recirculated into the engine. Soot, oil, and other contaminants must be removed from the circulating water. LiqTech’s water treatment units use proprietary silicon carbide ceramic membranes to separate these contaminants and support water reuse and reliable system operation.

LiqTech’s silicon carbide membranes combine fine-particle filtration with chemical resistance, temperature tolerance, and mechanical durability suited to demanding marine environments. The Company’s experience from more than 170 marine scrubber installations provides an established foundation as it extends its offering to iCER and EGR applications.

LiqTech’s joint venture in China supports local engineering, sourcing, assembly, and service, while core silicon carbide membranes continue to be manufactured in Denmark. This operating model is intended to improve responsiveness to customers and shipyards in the region.

“Our local presence in China enables closer coordination with customers throughout specification, delivery, and service,” Chen added. “Combined with our filtration expertise, it supports our strategy to deepen existing relationships and pursue additional opportunities across scrubber, iCER, and EGR applications.”

About LiqTech International Inc.

LiqTech International, Inc., a Nevada corporation, is a high-tech filtration technology company that provides state-of-the-art ceramic silicon carbide filtration technologies for gas and liquid purification. LiqTech’s silicon carbide membranes are designed to be used in the most challenging purification applications, and its silicon carbide filters are used to control diesel exhaust soot emissions. Using nanotechnology, LiqTech develops products using its proprietary silicon carbide technology, resulting in a wide range of component membranes, membrane systems, and filters for both microfiltration and ultrafiltration applications. By incorporating LiqTech’s SiC liquid membrane technology with the Company´s extensive systems design experience and capabilities, LiqTech offers unique, modular designed filtration solutions for the most difficult water purification applications.

For more information, please visit www.liqtech.com 

Follow LiqTech on LinkedIn: http://www.linkedin.com/company/liqtech-international 

Follow LiqTech on Twitter: https://twitter.com/LiqTech

Forward–Looking Statement

This press release contains “forward-looking statements.”  Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements.  Readers are urged to carefully review and consider the various disclosures made by us in the reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation, and cash flows.  If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected.  Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release.

We assume no obligation to update any forward-looking statements to reflect any event or circumstance that may arise after the date of this release.

LiqTech Company Contact                                         
Susan Keegan Elleskov
Head of Marketing
LiqTech International, Inc.
Phone: +45 31315941
www.liqtech.com

LiqTech Investor Contact                                         
Robert Blum
Lytham Partners, LLC                                 
Phone: 602-889-9700
liqt@lythampartners.com

NORTH LIBERTY, Iowa, Oct. 20, 2026 (GLOBE NEWSWIRE) — Heartland Express, Inc. (Nasdaq: HTLD) announced today financial results for the three and nine months ended September 30, 2026.

Three months ended September 30, 2026:

• Operating Revenue of $179.5 million,
• Net Income of $1.0 million,
• Basic Earnings per Share of $0.01,
• Operating Ratio of 98.7% (a 500bp improvement to Q3 2025) and 97.6% Non-GAAP Adjusted Operating Ratio⁽¹⁾,
• Purchased 183,371 shares of our common stock for $2.2 million,
• Payments of $35 million to reduce outstanding acquisition-related debt,
• Total Assets of $1.1 billion, including $48.5 million of Cash,
• Stockholders’ Equity of $754.1 million.

Nine months ended September 30, 2026:

• Operating Revenue of $539.9 million,
• Net Income of $6.7 million,
• Basic Earnings per Share of $0.09,
• Operating Ratio of 97.1% and 95.7% Non-GAAP Adjusted Operating Ratio⁽¹⁾,
• Purchased 355,432 shares of our common stock for $4.6 million,
• Smith Transport debt and equipment leases eliminated,
• Payments of $59.9 million to reduce outstanding debt and finance lease obligations. Acquisition-related debt and finance lease obligations reduced from $494.1 million in 2022 to $99.9 million.

Heartland Express Chief Executive Officer Mike Gerdin commented on the quarterly operating results and ongoing initiatives of the Company, “Our consolidated operating results for the three months ended September 30, 2026, reflect significant operating ratio improvement (98.7%) as compared to the third quarter of 2025 (103.7%). The improved financial results reflect stronger freight volumes and improved customer pricing resulting from ongoing industry capacity reductions, even though we do not expect the positive impacts of ongoing contract negotiations to be fully reflected in our operating results until 2027. During the third quarter of 2026, we continued to pay down acquisition-related debt and repurchase shares of our common stock. Our operating expenses were significantly impacted by rising fuel costs throughout the quarter, along with inflationary impacts to maintenance, repairs, and other employee-related costs. We expect to rely on our positive cash flows from operations to invest in our fleet of tractors and trailers over the remainder of the year. This allows us to continue our commitment to our professional drivers and our customers, to provide the latest and most efficient equipment throughout our operating fleet for their benefit.”

Financial Results

For the three months ended September 30, 2026, the Company delivered operating revenues of $179.5 million, compared to $196.5 million in the same period of 2025. Operating revenues for the quarter included fuel surcharge revenues of $32.7 million, compared to $24.1 million in the same period of 2025. Net income was $1.0 million, as compared to a net loss of ($8.3) million in the third quarter of 2025. Basic earnings per share was $0.01 during the quarter, as compared to basic loss per share of $(0.11) in the same period of 2025. The Company posted an operating ratio of 98.7%, non-GAAP adjusted operating ratio⁽¹⁾ of 97.6%, and net income as a percentage of operating revenues of 0.5% in the third quarter of 2026 compared to 103.7%, 103.5%, and (4.2)% (net loss as a percentage of operating revenues) respectively, in the third quarter of 2025.

For the nine months ended September 30, 2026, the Company delivered operating revenues of $539.9 million, compared to $626.4 million in the same period of 2025. Operating revenues for the period included fuel surcharge revenues of $86.9 million, compared to $75.0 million in the same period of 2025. Operating income for the nine-month period ended September 30, 2026 was $15.6 million, compared to an operating loss of $(34.6) million in the same period of the prior year, an improvement of $50.2 million. Net income was $6.7 million, compared to net loss of $(33.0) million in the same period of the prior year. Basic earnings per share was $0.09 during the nine-month period as compared to $(0.42) basic loss per share during the same period of 2025. The Company posted an operating ratio of 97.1%, non-GAAP adjusted operating ratio⁽¹⁾ of 95.7%, and net income as a percentage of operating revenues of 1.2% for the nine months ended September 30, 2026 compared to 105.5%, 105.6%, and (5.3)% (net loss as a percentage of operating revenues) respectively, in the same period of the prior year.

Balance Sheet, Liquidity, and Capital Expenditures

As of September 30, 2026, the Company had $48.5 million in cash balances, an increase of $30.0 million since December 31, 2025. Debt of $99.9 million remains at September 30, 2026, down from total combined debt and finance lease obligations of $494.1 million related to the Smith Transport and Contract Freighters, Inc. acquisitions in 2022. These reductions occurred during very challenging truckload operating conditions during the same period. The acquisition-related debt and finance lease obligations of Smith Transport were fully retired in the first three months of 2026. There were no borrowings under the Company’s unsecured line of credit at September 30, 2026. The Company had $88.8 million in available borrowing capacity on the line of credit as of September 30, 2026 after consideration of $11.2 million of outstanding letters of credit. The Company continues to be in compliance with associated financial covenants. The Company ended the quarter with total assets of $1.1 billion and stockholders’ equity of $754.1 million.

Net cash flows from operations for the first nine months of 2026 were $55.1 million or 10.2% of operating revenue. The primary uses of cash for financing activities were $59.9 million used for repayment of debt and financing leases along with $4.6 million for dividends paid and $4.6 million for repurchases of common stock. Cash provided by investing activities included $44.7 million from net property and equipment transactions.

The average age of the Company’s consolidated tractor fleet was 2.3 years as of September 30, 2026 compared to 2.6 years as of September 30, 2025. The average age of the Company’s consolidated trailer fleet was 7.1 years as of September 30, 2026 compared to 7.5 years as of September 30, 2025. We expect to continue to dispose of excess trailers within our fleet as used equipment market conditions improve. For the remainder of 2026, we currently expect total net capital expenditures to be approximately $2 to $5 million and $9 to $13 million of total gains on disposal of property and equipment.

The Company continues its commitment to stockholders through the payment of cash dividends. Our regular dividend of $0.02 per share was declared during the third quarter of 2026 and paid on October 7, 2026. The Company has now paid cumulative cash dividends of $566.1 million, including four special dividends, ($2.00 in 2007, $1.00 in 2010, $1.00 in 2012, and $0.50 in 2021) over the past ninety-three consecutive quarters since 2003. Our outstanding shares at September 30, 2026 were 77.2 million. A total of 2.2 million shares of common stock have been repurchased for $22.9 million over the past five years. The Company has the ability to repurchase an additional 4.5 million shares under the current authorization which would result in 72.7 million outstanding shares if fully executed.

Other Information

During the third quarter of 2026, our family of operating brands continued to deliver award-winning service as Heartland Express was recognized with the FedEx Yearly Performer award for outstanding performance and received Logistics Management Magazine’s 2026 Quest for Quality Award within the Expedited Motor Carriers classification.

Operating revenue excluding fuel surcharge revenue, adjusted operating income (loss), and adjusted operating ratio are non-GAAP financial measures and are not intended to replace financial measures calculated in accordance with GAAP. These non-GAAP financial measures supplement our GAAP results. We believe that using these measures affords a more consistent basis for comparing our results of operations from period to period. The information required by Item 10(e) of Regulation S-K under the Securities Act of 1933 and the Securities Exchange Act of 1934 and Regulation G under the Securities Exchange Act of 1934, including a reconciliation to the most directly comparable financial measure calculated in accordance with GAAP, is included in the table at the end of this press release.

This press release may contain statements that might be considered as forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements may be identified by their use of terms or phrases such as “seek,” “expects,” “estimates,” “anticipates,” “projects,” “believes,” “hopes,” “plans,” “goals,” “intends,” “may,” “might,” “likely,” “will,” “should,” “would,” “could,” “potential,” “predict,” “continue,” “strategy,” “future,” “ensure,” “outlook,” and similar terms and phrases. In this press release, the statements relating to freight supply and demand, our ability to react to and capitalize on changing market conditions, the expected impact of operational improvements and strategic changes, progress toward our goals, future capital expenditures, future dispositions of revenue equipment and property and gains therefrom, future profitability, and future stock repurchases, dividends, and debt repayment are forward-looking statements. Such statements are based on management’s belief or interpretation of information currently available. These statements and assumptions involve certain risks and uncertainties, and undue reliance should not be placed on such statements. Actual events may differ materially from those set forth in, contemplated by, or underlying such statements as a result of numerous factors, including, without limitation, those specified in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. The Company assumes no obligation to update any forward-looking statements, which speak as of their respective dates.

Contact: Heartland Express, Inc. (319-645-7060) Mike Gerdin, Chief Executive Officer Chris Strain, Chief Financial Officer

HEARTLAND EXPRESS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (In thousands, except per share amounts) (unaudited)
		Three Months Ended September 30,								Nine Months Ended September 30,
			2026				2025				2026				2025
OPERATING REVENUE		$	179,504			$	196,547			$	539,887			$	626,354
OPERATING EXPENSES:
Salaries, wages, and benefits		$	65,894			$	77,253			$	204,123			$	257,649
Rent and purchased transportation			9,284				12,303				30,540				39,920
Fuel			43,236				34,081				116,523				105,708
Operations and maintenance			12,261				15,367				36,910				50,085
Operating taxes and licenses			3,759				4,241				11,476				13,404
Insurance and claims			9,329				15,342				33,891				41,419
Communications and utilities			1,956				2,187				5,530				6,658
Depreciation and amortization			30,963				38,742				98,426				121,833
Other operating expenses			8,357				10,971				27,116				35,501
Gain on disposal of property and equipment			(7,832	)			(6,688	)			(40,199	)			(11,254	)
			177,207				203,799				524,336				660,923
Operating income (loss)			2,297				(7,252	)			15,551				(34,569	)
Interest income			490				235				1,067				561
Interest expense			(1,589	)			(2,908	)			(5,677	)			(8,974	)
Income (loss) before income taxes			1,198				(9,925	)			10,941				(42,982	)
Federal and state income tax (benefit)			239				(1,641	)			4,221				(9,971	)
Net Income (loss)		$	959			$	(8,284	)		$	6,720			$	(33,011	)
Income (loss) per share
Basic		$	0.01			$	(0.11	)		$	0.09			$	(0.42	)
Diluted		$	0.01			$	(0.11	)		$	0.09			$	(0.42	)
Weighted average shares outstanding
Basic			77,317				77,465				77,392				78,024
Diluted			77,392				77,518				77,427				78,086
Dividends declared per share		$	0.02			$	0.02			$	0.06			$	0.06

HEARTLAND EXPRESS, INC. AND SUBSIDIARIES  CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share amounts) (unaudited)
		September 30,				December 31,
ASSETS			2026				2025
CURRENT ASSETS
Cash and cash equivalents		$	48,503			$	18,475
Trade receivables, net			75,530				74,172
Prepaid tires			11,103				11,626
Other current assets			18,678				9,181
Income taxes receivable			—				1,146
Total current assets			153,814				114,600
PROPERTY AND EQUIPMENT			962,225				1,148,693
Less accumulated depreciation			411,637				481,471
			550,588				667,222
GOODWILL			322,597				322,597
OTHER INTANGIBLES, NET			65,749				69,512
OTHER ASSETS			14,772				14,686
DEFERRED INCOME TAXES, NET			1,186				1,353
OPERATING LEASE RIGHT OF USE ASSETS			14,291				1,647
		$	1,122,997			$	1,191,617
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable and accrued liabilities		$	27,578			$	33,479
Compensation and benefits			24,346				25,061
Insurance accruals			29,579				31,437
Long-term debt and finance lease liabilities – current portion			99,890				5,714
Operating lease liabilities – current portion			3,287				1,330
Other accruals			13,190				13,143
Income taxes payable			2,972				—
Total current liabilities			200,842				110,164
LONG-TERM LIABILITIES
Income taxes payable			5,906				5,427
Long-term debt and finance lease liabilities less current portion			—				154,059
Operating lease liabilities less current portion			11,004				317
Deferred income taxes, net			120,738				133,629
Insurance accruals less current portion			30,410				32,702
Total long-term liabilities			168,058				326,134
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Capital stock, common, $.01 par value; authorized 395,000 shares; issued 90,689 in 2026 and 2025; outstanding 77,203 and 77,445 in 2026 and 2025, respectively			907				907
Additional paid-in capital			2,197				2,979
Retained earnings			967,484				965,405
Treasury stock, at cost; 13,486 and 13,244 in 2026 and 2025, respectively			(216,491	)			(213,972	)
			754,097				755,319
		$	1,122,997			$	1,191,617

(1)

GAAP to Non-GAAP Reconciliation Schedule:
Operating revenue excluding fuel surcharge revenue, adjusted operating expenses, adjusted operating income (loss), and adjusted operating ratio reconciliation (a)
		Three Months Ended September 30,								Nine Months Ended September 30,
			2026				2025				2026				2025
		(Unaudited, in thousands)								(Unaudited, in thousands)
Operating revenue		$	179,504			$	196,547			$	539,887			$	626,354
Less: Fuel surcharge revenue			32,723				24,122				86,909				74,952
Operating revenue, excluding fuel surcharge revenue			146,781				172,425				452,978				551,402
Operating expenses			177,207				203,799				524,336				660,923
Less: Fuel surcharge revenue			32,723				24,122				86,909				74,952
Less: Amortization of intangibles			1,254				1,254				3,763				3,763
Adjusted operating expenses			143,230				178,423				433,664				582,208
Operating income (loss)			2,297				(7,252	)			15,551				(34,569	)
Adjusted operating income (loss)		$	3,551			$	(5,998	)		$	19,314			$	(30,806	)
Operating ratio			98.7	%			103.7	%			97.1	%			105.5	%
Adjusted operating ratio			97.6	%			103.5	%			95.7	%			105.6	%

(a) Operating revenue excluding fuel surcharge revenue, as reported in this press release is based upon operating revenue minus fuel surcharge revenue. Adjusted operating income (loss) as reported in this press release is based upon operating revenue excluding fuel surcharge revenue, less operating expenses, net of fuel surcharge revenue, and non-cash amortization expense related to intangible assets. Adjusted operating ratio as reported in this press release is based upon operating expenses, net of fuel surcharge revenue, and amortization of intangibles, as a percentage of operating revenue excluding fuel surcharge revenue. We believe that operating revenue excluding fuel surcharge revenue, adjusted operating income (loss), and adjusted operating ratio are more representative of our underlying operations by excluding the volatility of fuel prices, which we cannot control. Operating revenue excluding fuel surcharge revenue, adjusted operating income (loss), and adjusted operating ratio are not substitutes for operating revenue, operating income (loss), or operating ratio measured in accordance with GAAP. There are limitations to using non-GAAP financial measures. Although we believe that operating revenue excluding fuel surcharge revenue, adjusted operating income (loss), and adjusted operating ratio improve comparability in analyzing our period-to-period performance, they could limit comparability to other companies in our industry if those companies define such measures differently. Because of these limitations, operating revenue excluding fuel surcharge revenue, adjusted operating income (loss), and adjusted operating ratio should not be considered measures of income generated by our business or discretionary cash available to us to invest in the growth of our business. Management compensates for these limitations by primarily relying on GAAP results and using non-GAAP financial measures on a supplemental basis.

Agreement Supports FedEx in Optimizing Infrastructure

PALO ALTO, Calif., Oct. 20, 2026 (GLOBE NEWSWIRE) — Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions, today announced the continuation of its long-standing relationship with FedEx Corp. (NYSE: FDX), underpinned by a consolidated agreement that supports the global transportation and logistics leader’s ongoing digital infrastructure optimization and application modernization.

Through this collaboration, FedEx will continue utilizing Broadcom’s infrastructure software portfolio—including VMware Cloud Foundation (VCF), VMware Avi Load Balancer and VMware Tanzu Platform—to maintain its vast technology estate. This foundation of private cloud ensures that FedEx continues to deliver the fast, reliable, and efficient global services that power its day-to-day operations.

“FedEx sets the bar for technology leadership and innovation in the logistics industry, and we’re proud to support that work,” said Regan McGrath, president, Americas, Broadcom. “By making VMware software central to their private cloud and app modernization strategy, FedEx continues to optimize their infrastructure, simplify operations, and maintain a highly secure, modern environment that scales naturally with their business.”

FedEx uses VMware Cloud Foundation to support its extensive private cloud infrastructure, maintaining a highly automated, secure operating model across its data center environment. VCF provides a consistent infrastructure that combines the flexibility of cloud-era operations with the rigorous security and performance controls required for FedEx’s mission-critical workloads.

About Broadcom
Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations’ complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, visit www.broadcom.com.

Broadcom, the pulse logo, and Connecting Everything are among the trademarks of Broadcom. The term “Broadcom” refers to Broadcom Inc., and/or its subsidiaries. Other trademarks are the property of their respective owners.

Media Contacts:

Roger Fortier
VMware Cloud Foundation, Broadcom
+1.408.348.1569
roger.fortier@broadcom.com

Eloy Ontiveros
Broadcom Global Communications
+1.650.427.6145
eloy.ontiveros@broadcom.com

The oral presentation will share results from a 12-week comparative study showing that Omada GLP-1 Care Track members, on average, lost more weight and saw greater improvements in body composition than controls

SAN FRANCISCO, Oct. 20, 2026 (GLOBE NEWSWIRE) — Omada Health (Nasdaq: OMDA), the virtual between-visit healthcare provider, announced it will present research at the World Obesity and Weight Management Congress (WOC 2026) in Boston showing that members of its GLP-1 Care Track lost more weight and experienced greater improvements in body composition than GLP-1 users receiving usual care. The findings were recently published in the peer-reviewed journal Diabetes, Obesity and Metabolism.¹

GLP-1 medications can produce rapid weight loss,² but lean mass can account for 30% or more of the weight lost.^3,4 Lean mass is critical for overall health, as losing lean mass may contribute to reductions in resting metabolic rate⁵, impaired physical function and greater susceptibility to weight regain,⁶ as well as an increased risk for sarcopenia,⁷ frailty, and bone loss.^6,8 While exercise and resistance training are known to be effective strategies for increasing fat loss while protecting lean mass,¹ much less is known about whether virtual care programs can improve body composition outcomes for people taking GLP-1 medications.

The study followed 245 adults with obesity who had started a GLP-1 for weight loss within the previous eight weeks.¹ Of those, 151 participated in Omada’s GLP-1 Care Track and 94 received usual care, which could include medication alone or other, non-Omada lifestyle programs. More than a quarter (26%) of the usual care group reported using another lifestyle or wellness program during the study.¹

After 12 weeks, compared with the usual care group, Omada members on average:¹

• Lost more weight (6.0% of starting body weight vs. 3.3%)
• Reduced their body fat percentage by about twice as much (−3.3% vs. −1.6%)
• Saw a larger increase in muscle mass percentage (+0.6% vs. +0.2%)
• Reported greater improvements in well-being, physical functioning, and confidence in their ability to lose weight
• Saw depression and anxiety symptoms drop by roughly 30%, significantly more than the usual care group

The GLP-1 Care Track provides clinical support between doctor visits. Members work with a care team that includes a dedicated health coach, GLP-1-specific peer support groups, digital tools for meal logging and behavior tracking, and AI-powered nutrition support.¹ The program also includes access to an exercise specialist who provides a personalized exercise plan developed by a physical therapist. Participants measured body composition at home using bioelectrical impedance scales.

“GLP-1 care is about more than how much weight you lose. It’s about the quality of the weight loss, as losing too much muscle can make it harder to keep the weight off long-term,” said Thomas Tsang, MD, MPH, Chief Medical Officer at Omada Health. “Too many people are left to manage side effects, exercise, and nutrition on their own once GLP-1 treatment starts. This study suggests that clinical support between doctor visits can help people achieve greater weight loss and better body composition, and protect their muscle mass.”

This study was completed as part of the Omada Insights Lab ANSWERS (ANalyzing Success of WEight medication with Real-world evidence and Stats) Initiative, which examines and shares real-world data from Omada’s behavior change weight health programs.

Omada Health’s Clinical Research Scientist, Lisa A. Stanton, PhD, will present “Improving GLP-1 Weight Loss Quality with a Virtual Lifestyle Companion Program” on Tuesday, October 20, 2026, at 3:20 PM ET during the Anti-Obesity Drugs & Emerging Therapies session at WOC 2026, held October 19-21.

Omada Health
Omada Health (Nasdaq: OMDA) is reverse engineering the way healthcare is delivered in America, putting the space between doctor visits–where health is won or lost–at the center of care. Today’s healthcare system poorly serves chronic conditions that require ongoing support outside of the exam room, like obesity, diabetes, hypertension, cholesterol, and musculoskeletal conditions. Omada’s virtual-first model combines human-led care teams, connected devices, and AI-enabled technology to deliver personalized care at scale, including support for GLP-1 therapy. Omada has served more than two million members since launch across 2,000+ employers, health plans, pharmacy benefit managers, and health systems. Learn more at omadahealth.com.

Media Contact
Rose Ramseth
press@omadahealth.com

1. Stanton LA, Naqvi JB, Devaraj SM, et al. Quality Plus Quantity: Evaluation of a Virtual GLP-1 Programme With Physical Activity Support to Promote Healthy Body Composition Change During GLP-1 Weight Loss. Diabetes Obes Metab. 2026:1-12. doi:10.1111/dom.71152.
2. Wilding JPH, Batterham RL, Calanna S, et al. Once-weekly semaglutide in adults with overweight or obesity. N Engl J Med. 2021;384(11):989-1002. doi:10.1056/NEJMoa2032183
3. Prado CM, Phillips SM, Gonzalez MC, Heymsfield SB. Muscle matters: the effects of medically induced weight loss on skeletal muscle. Lancet Diabetes Endocrinol. 2024;12(11):785-787. doi:10.1016/S2213-8587(24)00272-9
4. Memel Z, Gold SL, Pearlman M, Muratore A, Martindale R. Impact of GLP-1 receptor agonist therapy in patients high risk for sarcopenia. Curr Nutr Rep. 2025;14(1):63. doi:10.1007/s13668-025-00649-w
5. Hopkins M, Gibbons C, Blundell J. Fat-free mass and resting metabolic rate are determinants of energy intake: implications for a theory of appetite control. Philos Trans R Soc Lond B Biol Sci. 2023;378(1885):20220213. doi:10.1098/rstb.2022.0213
6. Prado CMM, Heymsfield SB. Lean tissue imaging: a new era for nutritional assessment and intervention. JPEN J Parenter Enteral Nutr. 2014;38(8):940-953. doi:10.1177/0148607114550189
7. Scheen AJ. GLP-1-derived therapies and sarcopenia: plea for a specific focus on at risk special populations. Diabetes Metab. 2025;52(1):101708. doi:10.1016/j.diabet.2025.101708
8. Jensen SBK, Sørensen V, Sandsdal RM, et al. Bone health after exercise alone, GLP-1 receptor agonist treatment, or combination treatment: a secondary analysis of a randomized clinical trial. JAMA Netw Open. 2024;7(6):e2416775. doi:10.1001/jamanetworkopen.2024.16775

TORONTO, Oct. 20, 2026 (GLOBE NEWSWIRE) — Income Financial Trust (“Income Financial”) declares its monthly distribution of $0.08342 per unit. The distribution is payable November 10, 2026 to unit holders on record as at October 30, 2026.

Under the distribution policy announced on November 18, 2013, the monthly distribution is determined by applying a 10.00% annualized rate on the volume weighted average market price (VWAP) of Income Financial’s units over the last 3 trading days of the preceding month. As a result, holders of record on October 30, 2026 will receive a dividend of $0.08342 per unit based on the VWAP of $10.01 payable on November 10, 2026. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.

Income Financial unitholders have received a total of $40.58 per unit in distributions since inception, inclusive of this distribution.

Income Financial invests in a portfolio of North American financial services companies including some of the strongest Canadian & U.S. banks, life insurance and investment firms.

Distribution Details
Trust Unit (INC.UN)	$0.08342
Record Date:	October 30, 2026
Payable Date:	November 10, 2026

Investor Relations: 1-877-478-2372

Local: 416-304-4443

http://www.quadravest.com/

info@quadravest.com

Designed to outperform rewards programs from traditional banks to fintech; enabling consumers to live their entire financial life in bitcoin via Fold

Introduces category-redefining Bill Pay, enabling Fold Reserve members to receive rewards on payment of everyday bills including rent, mortgages, utilities, and school tuition

Fold Reserve enables consumers to use one balance to unlock better rates across everything Fold offers: credit card, debit card, bill pay, bitcoin exchange and gift cards

PHOENIX, Oct. 20, 2026 (GLOBE NEWSWIRE) — Fold Holdings, Inc. (NASDAQ: FLD) (“Fold” or the “Company”), a bitcoin financial services company making it easy for individuals to earn, save and spend bitcoin through everyday financial tools, today announced the launch of its groundbreaking rewards program Fold Reserve^**.

A novel rewards program built around a consumer’s financial life, Fold Reserve offers the best rewards currently on the market. Fold Reserve members receive:

• Credit card rewards: up to 5%^* back in bitcoin or up to 3% on debit card.
• Bill pay rewards: up to 3% back in bitcoin, bill payment includes: rent, mortgage, utilities, and other recurring bills
• No trading fee and no added Fold spread on bitcoin buys and sells
• Bitcoin rewards on every gift card purchase at 100s of merchants
• Free bitcoin withdrawals

“For rewards maximizers who want more from their entire financial life, Fold Reserve is the only rewards program that earns on every category that matters: spending, bills, gifts, and more,” says Fold CEO Will Reeves. “No other rewards program earns you rewards on your bills and life’s biggest expenses. Unlike traditional bank programs that require six figure minimums for modest returns, fintech subscriptions that lock you into one asset class, or crypto staking programs that put your capital at risk, Fold Reserve delivers best in class reward rates across your entire financial life.”

Fund your reserve, earn more on everything.

Fold Reserve is available for a balance as low as $5,000. A balance of $100,000 or more unlocks maximum benefits. One balance unlocks rates across the entire Fold platform. The Fold Reserve tiers are as follows:

Reserve balance		Credit card rewards		Debit card rewards		Bill pay rewards		Bitcoin trading and withdrawal fees
$	5,000	1.50%		0.25%		0.25%		0%
$	15,000	1.75%		0.50%		0.50%		0%
$	25,000	2.00%		1.00%		1.00%		0%
$	50,000	3.00%		1.50%		1.50%		0%
$	75,000	4.00%		2.00%		2.00%		0%
$	100,000	5.00%		3.00%		3.00%		0%

For Fold, Fold Reserve continues the company’s mission of enabling consumers to live their entire financial life via a non-bank financial institution which works for them rather than the other way around. Fold Reserve also transforms how Fold works with customers, giving the company more financial flexibility and a closer relationship with the people who use it.

“Fold was born out of a belief that financial services must serve the consumer first and foremost, and Fold Reserve is a culmination of that vision. By offering customers a complete suite of financial products that maximize rewards benefits, we are also empowering Fold to become a much more complete financial institution with greater capacity for growth,” says Fold Chief Financial Officer Wolfe Repass.

Fold introduces bill pay rewards

Consumers will also now be able to earn rewards when they pay their eligible bills by ACH through Fold Reserve, unlocking an additional category of rewards all tied to the entirety of a person’s financial life.

Mr. Reeves added: “The largest expenses in most households earn no rewards at all. Rent. Utilities. Mortgage. Recurring bills. They are predictable, unavoidable, and until now, completely unrewarded. Fold Reserve is a rewards program built around your entire financial life: spending, bills, gifts, bitcoin. Every category earns.”

Instant buys and no trading fees

Fold Reserve members of every tier have access to instant buys with no trading fee and no added Fold spread. Fold Reserve members can buy and sell bitcoin on demand.

Instant buy, zero commission, and zero withdrawal fee makes Fold the most attractive bitcoin trading platform in the market today. These benefits are available exclusively to Fold Reserve members. “Fold is now the best place to buy, sell, and hold bitcoin,” says Reeves. “We are really excited to be able to offer such an attractive perk to our clients.”

The new Fold Reserve will be available to consumers as of October 13. Its launch coincides with Fold making the Fold credit card available to all eligible consumers. No more wait list. Top-tier Fold Reward members are eligible for 5% back on credit card spending, paid in bitcoin. The best rate on the market.

Together with Fold’s existing spending, bill pay, and bitcoin products, Fold Reserve brings everyday money into one app and rewards it in bitcoin. It moves Fold closer to its goal of becoming the most rewarding place for consumers to manage their money.

About Fold

Fold (NASDAQ: FLD) is the first publicly traded bitcoin financial services company, making it easy for individuals and businesses to earn, save, and use bitcoin. Fold is at the forefront of integrating bitcoin into everyday financial experiences. Through innovative products like the Fold App, Fold Credit Card™, Fold Bitcoin Gift Card™, and Fold Debit Card™, the company is building the bridge between traditional finance and the bitcoin-powered future.

For investor inquiries, please contact:
David L Press
Confluence Partners, LLC
dpress@confluencepartners.com

For media inquiries, please contact:
Cindy Stoller
Confluence Partners, LLC
917-331-0418
cstoller@confluencepartners.com
media@foldapp.com

*The 5% rate requires the Fold Bitcoin Credit Card and a $100,000 Fold Reserve balance, and applies to your first $5,000 in eligible purchases each month. 1.5% back in bitcoin on eligible purchases, with no cap. Rewards are earned on your eligible spend, not on your balance. Holding a Fold Reserve balance can boost your rate on your first $5,000 in eligible purchases each calendar month. Eligible purchases above that amount, and all eligible purchases if you do not hold a qualifying Reserve balance, earn the 1.5% base rate. Credit card and debit card rewards cannot be earned at the same time. Rates are subject to change. See the Cardholder Agreement and our Terms and Conditions.

^**Fold Reserve is closed-loop stored value issued by Fold, Inc. and redeemable only for Fold products and services. It is not a bank account, deposit account, or savings account, is not redeemable for cash, and is not insured by the FDIC or SIPC. Your Reserve balance earns nothing on its own. See the Fold Terms and Conditions. Rewards are earned on your eligible spend, not on your balance. The Fold Bitcoin Credit Card earns a 1.50% base rate on all eligible purchases with no cap and no Reserve balance required. The Fold Prepaid Debit Card (issued by Sutton Bank) earns a 0.25% base rate on all eligible purchases with no cap and no Reserve balance required. A Reserve balance of $5,000 or more is required to earn on eligible ACH bill pay, which earns 0.25%. Your rate increases above these base rates as your Reserve balance grows, starting at $15,000. Any amount above the base rate applies only to the first $5,000 of eligible spend each calendar month, counted separately for card spend and for bill pay. Card spend above that cap earns the base rate and bill pay earns nothing above it. Maximum rates at a $100,000 Reserve balance are 5.00% on the Fold Bitcoin Credit Card, 3.00% on the Fold Prepaid Debit Card, and 3.00% on bill pay. You earn a boost on only one card: if you hold the Fold Bitcoin Credit Card, the boost applies to that card and your debit card earns the base rate. Bill pay is unaffected by which card you hold. Rates are subject to change. See the Fold Terms and Conditions for details and tier requirements.
Fold Reserve member benefits require a Reserve balance of $5,000 or more and are subject to change. Fold charges no trading fee and adds no spread of its own on bitcoin buys and sells. A market spread charged by Fold’s execution partner is included in the price you see and may vary. Fold charges no bitcoin withdrawal fee and pays the bitcoin network fee on your on-chain withdrawals, up to any limits shown in the Fold App. Reserve members also pay no ATM withdrawal fee and no international transaction fee on the Fold Prepaid Debit Card, issued by Sutton Bank. Fold Reserve member rates on gift cards vary by brand and are shown in the Fold App. See the Fold Reserve Member Benefits section of the Fold Terms and Conditions for details.

Forward-Looking Statements:

The information in this press release includes “forward-looking statements” within the meaning of the federal securities laws. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements may be identified by the use of words such as “may,” “could,” “would,” “should,” “predict,” “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on assumptions and on the current expectations of Fold’s management and are not predictions of actual events. Many actual events and circumstances are beyond the control of Fold. These forward-looking statements are subject to a number of risks and uncertainties, including: (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) our continued ability to implement business plans and appropriate technology infrastructure; (iii) our continued access to and cooperation with necessary third party partners; and (iv) those factors discussed in Fold’s filings with the Securities and Exchange Commission. If any of these risks materialize or Fold’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. While Fold may elect to update these forward-looking statements at some point in the future, Fold specifically disclaims any obligation to do so, except as required by law.