Author: Ravi Shankar

• Company Exchanges Series A Preferred Stock for Debt, Eliminating Financing and Transaction Restrictions
• New Structure Provides Greater Flexibility to Pursue Lower-Cost Financing Alternatives.

Fort Lauderdale, FL, Sept. 23, 2026 (GLOBE NEWSWIRE) — Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME) – a diversified holding company that owns and operates Azure Energy, a renewable power infrastructure developer, and SemiCab, an AI-enabled logistics technology business, today announced the retirement of all of its outstanding shares of Series A Preferred.

The Company exchanged the Series A Preferred Stock for debt. The restructuring was negotiated in connection with the holder’s consent to the Company’s recently completed acquisition of Azure Energy. Pursuant to the transaction, the Series A Preferred Stock was retired in full and exchanged for approximately $4 million of debt. Management believes that the restructuring represents an important step in improving the Company’s financial and transactional flexibility.

Greater Financial Flexibility

The Series A Preferred Stock contained restrictive covenants that, among other things, limited the Company’s ability to raise additional equity, debt and other forms of capital and engage in a variety of corporate transactions without the holder’s consent. As a result of the exchange, these restrictions have been eliminated, providing Algorhythm with greater flexibility to evaluate refinancing, repayment and alternative financing opportunities.

The Company intends to use this increased flexibility to pursue opportunities to reduce its overall cost of capital and, where economically advantageous, refinance or repay existing equity-linked obligations with cash flow or less dilutive sources of capital.

Focused on Reducing Cost of Capital and Dilution

“Eliminating the Series A Preferred Stock was an important step in providing Algorhythm with the financial flexibility we believe is necessary to execute our business plan,” said Andrew Thompson, Chief Executive Officer of Algorhythm Holdings. “The previous structure significantly restricted the Company’s ability to access alternative sources of capital. With those restrictions removed, we now have greater flexibility to complete the financing and other transactions that we believe are most advantageous for the Company and its shareholders.”

“Azure Energy is a fast-growing, revenue-generating, profitable business, and we believe its contracted revenue and operating cash flow will contribute to a stronger financial profile for the consolidated Company,” Thompson continued. “Our objective is to use that improving financial profile to pursue lower-cost capital, refinance or repay higher-cost obligations where appropriate, and reduce our reliance on financing structures that can result in shareholder dilution.”

“This restructuring is the first step in that process,” Thompson concluded. “We are focused on strengthening the balance sheet, lowering our cost of capital and creating greater flexibility to fund growth while being disciplined about dilution.”

About Algorhythm Holdings

Algorhythm Holdings, Inc. is a diversified holding Company that owns and operates two businesses — Azure Energy and SemiCab.

Azure Energy is a leading developer of renewable biomass power generation infrastructure. Its team consists of some of the most experienced biomass power plant experts in the U.S. today. Collectively this team has designed and built 72 facilities generating 17.5GW of renewable power to date. The company was launched in 2025 and has already secured equity participation rights valued at over $220 million in net present value through multiple power plants projects that are currently under construction. The Company has multi-year contracts in place that will yield significant fee-income consulting revenues, and is currently generating scaling, positive EBITDA. For additional information, please go to: http://www.azure-energy.co.

SemiCab is an AI-enabled logistics software provider. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing. For additional information, please go to: http://www.semicab.com.

Investor Relations Contact

Brendan Hopkins
407-645-5295
investors@algoholdings.com
www.algoholdings.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as “expects,” “anticipates,” “believes,” “will,” “will likely result,” “will continue,” “plans to,” “potential,” “promising,” and similar expressions. These statements are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in the Company’s reports filed with the SEC, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise.

Former GitLab Chief Technology Officer and Google VP of Engineering brings more than 25 years of technology leadership, infrastructure expertise, and a proven track record of scaling enterprise systems to Flywire’s Board of Directors

BOSTON, Sept. 23, 2026 (GLOBE NEWSWIRE) — Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, today announced the appointment of Sabrina Farmer to its Board of Directors. In connection with her appointment, Ms. Farmer will also join the Nominating and Corporate Governance Committee of the Board of Directors.

Ms. Farmer joins the Flywire Board with extensive experience building ultra-scalable and highly reliable software systems, driving digital transformation, and leading global teams to deliver innovation in consumer and enterprise technology. She currently serves as Corporate Vice President of the Commerce Platform at Microsoft, where she is responsible for delivering the scalable core commerce, billing, and payment platforms that enable go-to-market (GTM) strategies for Azure, Office 365, Copilot, and consumer channels. Prior to Microsoft, she was Chief Technology Officer at GitLab, where she led the company’s software engineering, operations, and customer support teams. Previously, Ms. Farmer had a distinguished, 19-year career at Google in which she most recently served as Vice President of Engineering, Core Infrastructure, leading strategic initiatives across Google’s most critical systems. She reported directly to senior leadership and was responsible for the reliability, performance, and efficiency of all of Google’s billion-user products and infrastructure. During her tenure, Ms. Farmer supported some of the world’s most widely-used digital services, and engineering organizations achieved new standards for infrastructure resilience and operational excellence.

“Sabrina’s track record of architecting and operating systems at unprecedented scale, including managing billions of interactions across the world’s largest digital platforms, makes her an invaluable addition to our Board,” said Mike Massaro, CEO of Flywire. “Her deep expertise in building reliable, high-performance infrastructure and her proven ability to lead transformational change across complex global organizations aligns with Flywire’s growth trajectory. We look forward to her strategic insights as we continue to scale our business globally.”

Beyond her technical leadership, Ms. Farmer is a passionate advocate for inclusion in technology. She earned a B.S. in Computer Science from the University of New Orleans and has established two scholarships there to help level the playing field for inclusion and empowerment in the technology sector.

“Throughout my career, I’ve engineered platforms that billions of people depend on daily. The uncompromising standards required at massive scale are exactly what Flywire has embedded in its payments infrastructure that powers the essential industries that it serves,” said Sabrina Farmer. “Flywire’s commitment to technical excellence, security, and innovation resonates with me, and I’m excited to support their vision of delivering exceptional payment experiences to their clients and payers around the world.”

About Flywire

Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.

Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.

Flywire supports more than 5,300* clients with diverse payment methods in more than 140 currencies across 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com. Follow Flywire on X (formerly known as Twitter), LinkedIn and Facebook.

*Not including Flywire’s Invoiced and Sertifi acquisitions

Media Contact
Sarah King
Media@Flywire.com

Investor Relations Contact
Masha Kahn
ir@flywire.com

Forward Looking Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s strategy, expectations and plans of its business, market growth and trends. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire’s forward-looking statements include, among others, the factors that are described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of Flywire’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 June 30, 2026, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC’s website at https://www.sec.gov/. The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

One cGMP batch, manufactured in-house under Optimi’s Health Canada Drug Establishment Licence, supplies both the Canadian trial and Australian clinics

VANCOUVER, British Columbia, Sept. 23, 2026 (GLOBE NEWSWIRE) — Optimi Health Corp. (NASDAQ: OPTH) (CSE: OPTI) (FSE: 8BN) (“Optimi” or the “Company“), a commercial-stage pharmaceutical manufacturer of regulated psychedelic drug products, today announced the completion and quality release of a production batch of 5mg naturally derived psilocybin capsules, manufactured end to end at the Company’s cGMP facility in Princeton, British Columbia, under a Health Canada Drug Establishment Licence. The batch will supply the recently announced Phase 2 clinical trial of psilocybin-assisted therapy evaluating psilocybin-assisted therapy in the treatment of major depressive disorder (“MDD”) and commercial customers in Australia.

This Health Canada-authorized trial is a multisite, open-label study of up to 200 participants, each receiving a single supervised dose of Optimi’s . Patient dosing is expected to be completed by the end of 2027. Data from the trial are intended to assess the safety and efficacy of psychedelic-assisted therapy in the hope of building the necessary evidentiary base to support registration in Canada and other jurisdictions.

The same batch will also supply the Company’s Australian customer base of licensed clinics, where 5mg psilocybin capsules are prescribed to patients with treatment-resistant depression under the Therapeutic Goods Administration’s Authorised Prescriber Scheme, with reimbursement from public and private payers including the Department of Veterans’ Affairs, the National Disability Insurance Scheme, WorkCover and Medibank. More than 750 clinicians have completed Mind Medicine Australia’s Certificate in Psychedelic-Assisted Therapies, and Optimi is not aware of any reported serious adverse events since commercial supply began in 2025.

“Since 2025, Optimi has supplied this psilocybin product commercially to licensed clinics in Australia, where it is prescribed and reimbursed for treatment-resistant depression,” said Dane Stevens, Optimi Chief Executive Officer and Co-Founder. “We are excited to be collecting our own clinical data on the same product in our Health Canada-approved Phase 2 clinical trial for major depressive disorder. One drug, two indications with significant unmet need, one batch serving both. Because we manufacture, encapsulate and release-test within our own licensed facility, the trial product and the commercial product are the same formulation from the same batch, and the Chemistry, Manufacturing and Controls file that supports registration is already ours.”

The safety and efficacy of psilocybin assisted therapy to treat MDD is still under investigation and none of Optimi’s psilocybin drug products received market authorization by Health Canada.

About Optimi Health Corp.

Optimi Health Corp. is a commercial-stage pharmaceutical company focused on manufacturing and distributing GMP-grade psychedelic drug products for mental health therapies. As a Health Canada-licensed pharmaceutical manufacturer, Optimi produces validated MDMA and botanical psilocybin drug products at its GMP-compliant facilities in British Columbia, Canada. Optimi supplies both active pharmaceutical ingredients and finished dosage forms to regulated clinical and therapeutic programs internationally, with products currently prescribed to patients in Australia under the country’s Authorised Prescriber Scheme and accessible in Canada through the Special Access Program.

For more information, please visit optimi.net.

For more information, please contact:
Dane Stevens, CEO
Optimi Health Corp.
(778) 761-4551
investors@optimihealth.ca
www.optimihealth.ca

Investor Relations Contact:
CORE IR
ir@optimi.net

Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws, including statements regarding the Phase 2 clinical trial, the availability and enrolment of patients in the trial, the utilization of the data derived from the trial, and the anticipated timing of the trial, the potential benefits of psilocybin, the Company’s ability to manufacture and ship products from its Canadian facility, the anticipated use of the most recent production batch, and the Company’s positioning in the regulated psychedelic medicine market. Forward-looking statements and forward-looking information are often identified by words such as “expects,” “anticipates,” “believes,” “intends,” “plans,” “estimates,” “may,” “will,” “would,” “could,” or similar expressions. Forward-looking statements and forward-looking information are based on several assumptions and are subject to a number of known and unknown risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Accordingly, there are or will be important factors that may cause actual results to differ from expected results. These factors include those described under “Risk Factors” in the Company’s registration statement on Form F-1, as amended, and other filings with the U.S. Securities and Exchange Commission made from time to time which are available at www.sec.gov and on SEDAR+ at www.sedarplus.ca and in the Company’s continuous disclosure filings available under its SEDAR+ profile at www.sedarplus.ca. These forward-looking statements reflect current expectations of management regarding future events and speak only as of the date of this press release. Except as expressly required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.

Neither the Canadian Securities Exchange nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release.

Senior financial executive brings more than 25 years of experience across financial, accounting and operational leadership

MIAMI, Sept. 23, 2026 (GLOBE NEWSWIRE) — Versus Systems Inc. (“Versus” or the “Company”) (Nasdaq: VS), a leading provider of gamification and audience engagement technology, announces the appointment of Brian Goldenberg, CPA, as Chief Financial Officer, effective Sept. 8, 2026. Goldenberg also serves as the Company’s Principal Financial Officer and Principal Accounting Officer.

“Brian’s track record leading finance and operations at high-performance firms makes him an ideal fit for Versus as we accelerate growth,” said Luis Goldner, CEO of Versus Systems. “His leadership will help us sharpen our strategy, deepen our financial capabilities, and deliver stronger results for our partners and shareholders.”

Goldenberg brings more than 25 years of financial and operational leadership experience, having served in Chief Financial Officer, Chief Operating Officer and Chief Compliance Officer roles at multiple investment management firms. His background includes financial planning and reporting, accounting, audits, regulatory compliance, SEC matters, investor relations, and building financial and operational infrastructure.

Most recently, Goldenberg served as Chief Operating Officer, Chief Compliance Officer and Chief Financial Officer of Divisadero Street Capital Management in Miami, Florida. Previously, he served as Chief Financial Officer of Trend Capital Management in Boca Raton, Florida.

“Versus is building something truly compelling in audience engagement, and I’m excited to help deepen the financial and operational foundation that will support the company’s next phase of growth,” said Goldenberg.

About Versus Systems
Versus Systems is a leading provider of gamification and audience engagement technology. Its platform enables brands, teams, and entertainment partners to create rewarding interactive experiences that transform how they connect with consumers worldwide.

For more information, visit the company’s website at www.VersusSystems.com

Versus Systems Investor Relations:
IBN.Ai
512.354.7000 Office
VS@IBN.Ai

With growing retirements and AI disruption, industrial organizations are rethinking capturing institutional knowledge

HUNTSVILLE, Ala., Sept. 23, 2026 (GLOBE NEWSWIRE) — Octave Intelligence plc (Nasdaq: OCTV), a global leader in software for the world’s mission critical facilities and infrastructure, released a new research report that sheds light on how industrial organizations are navigating a rapidly changing workforce in the age of AI. The report surveyed more than 750 industrial leaders to better understand the challenges industrial organizations are facing and how these organizations are adapting to a rapidly changing workforce environment.

Octave’s survey found that widespread retirements and workforce shortages continue to present challenges to fill key roles and capture legacy expertise, all while AI is reshaping what the future workforce will look like, and the skills needed to succeed.

Some key takeaways from Octave’s research reveal that:

•  As industrial organizations face a wave of retirements and workforce shortages, 7 in 10 say they are not retaining the knowledge that will matter most for future operations, creating significant risk to continuity and decision-making.
• 34% of organizations cite having the technology but failing to upskill the workforce to use it as the biggest risk they face over the next five years, highlighting that workforce readiness is outpacing concerns about AI adoption itself.
• 36% of respondents cite systems thinking as the highest value area of study for current students to succeed in the future industrial environment.
• 45% of respondents are turning to AI-powered tools such as digital twins and behavioral analysis platforms to capture, store and organize critical knowledge.
• 47% of respondents say core processes are recorded, but the nuanced know-how remains undocumented.

“Many organizations are facing workforce challenges that illustrate the messy – but exciting – opportunity of where technology can play a transformational role in the future of operations,” said Octave Chief Product Officer Jay Allardyce, “These findings make it clear: technology alone cannot solve these problems. People and their routines are at the heart of any successful operation and tools that capture and connect institutional knowledge with operational data can have a significant impact for these facilities.”

Beyond how companies are using digital worker solutions to capture knowledge, the survey also looked at broader attitudes of frontline workers on the impact of AI in operations. The top two frontline concerns cited related to safety risks if AI makes an error (26%) as well as a lack of trust in an AI system’s ‘unexplained decisions’ (25%). Additionally, more than a fifth of respondents (21%) said the primary source of AI anxiety in frontline workers came from the fear of losing their status as an expert in the organization.

The survey also gave clues to what industrial leaders see as the potential future worker: the hybrid industrial worker. Less a narrow technical expert and more an agile orchestrator that connects digital intelligence with physical execution.

The respondents emphasized that future workers will depend on big-picture skills to be successful future workers. Skills including systems thinking and communications ranked highest and most valuable for future workers, while technical skills, such as engineering and data science ranked last.

Read the report

Survey methodology
The survey was conducted among a sample of 756 respondents across North America, South America, Europe, Middle East and the Asia-Pacific region. Respondents were technology decision makers for organizations with $1b+ in revenue that operate industrial facilities in the manufacturing, oil & gas, chemical, power and pharmaceutical industries. The data was collected between April 14 and May 1, 2026.

FOR MORE INFORMATION, CONTACT:   

Investors: Elizabeth Chwalk, VP, Investor Relations, Octave +1 401 749 – 0278, elizabeth.chwalk@octave.com

Media: media@octave.com

About Octave:

Octave provides mission-critical software that empowers organizations to make informed decisions across every stage of the asset lifecycle — Design, Build, Operate and Protect — where performance, safety, and reliability are non-negotiable and failure is not an option. 

Turning complex operational data into actionable intelligence, Octave connects expertise, real-world conditions and enterprise-scale insight to improve performance, resilience and incident response where it matters most. 

Octave has approximately 7,200 employees in 45 countries. Learn more at octave.com and follow us on LinkedIn. 

Separate 6 GWh expansion planned by year-end 2026 would more than double the existing Nanjing facility’s annual cell capacity

DALIAN, China, Sept. 23, 2026 (GLOBE NEWSWIRE) — CBAK Energy Technology Limited (NASDAQ: CBAT) (“CBAK Energy” or the “Company”), a China-based lithium-ion battery manufacturer and energy solutions provider, today announced that it has signed an investment agreement with the Nanjing Gaochun Economic Development Zone for the research, development and manufacture of large cylindrical sodium-ion battery cells and integrated battery systems in Nanjing, Jiangsu Province. The project would add 12 gigawatt-hours (“GWh”) of annual cell production capacity, advancing the Company’s previously announced sodium-ion expansion plan.

CBAK Energy advances its sodium-ion expansion with a planned 12 GWh project in Nanjing.

Separately, CBAK Energy targets an additional 6 GWh of annual cell capacity at its existing Nanjing facility by year-end 2026. The Company plans to advance the 12 GWh project in the second half of 2027, subject to securing financing.

6 GWh Expansion at the Existing Nanjing Facility
To meet strong demand for Model 60150 large cylindrical cells, CBAK Energy plans to expand its existing Nanjing facility in the second half of 2026. The facility currently has 4.5 GWh of annual Model 32140 cell capacity. The additional 6 GWh would bring its total annual cell capacity to 10.5 GWh.

At full capacity with all output sold, the additional 6 GWh could generate an estimated RMB2.4 billion to RMB2.7 billion (approximately US$356 million to US$400 million) in annual revenue.

The Company is considering two Model 60150 production lines for the expansion. Given strong demand for Model 32140 cells, it may instead install one Model 32140 line and one Model 60150 line. The cell models and production-line configuration may be adjusted as market conditions and customer demand evolve.

12 GWh Project to Support Sodium-Ion and Lithium-Ion Production
The production lines will be designed to manufacture large cylindrical sodium-ion or lithium-ion cells. The Company will determine which chemistry to produce based on market conditions and customer demand. At current lithium-ion cell market prices, the Company estimates that the 12 GWh project could generate an additional RMB4.8 billion to RMB5.0 billion (approximately US$712 million to US$741 million) in annual revenue at full capacity with all output sold.

The project would cover cell manufacturing as well as module and battery pack integration. Development would proceed in phases based on financing, customer demand and project readiness.

Customer testing of CBAK Energy’s sodium-ion cell samples is underway in residential and portable energy storage and electric mobility applications. Additional evaluations cover specialty vehicles, start-stop systems and backup power.

“The 6 GWh expansion would more than double annual cell capacity at our existing Nanjing facility and help us meet strong demand for large cylindrical cells,” said Zhiguang Hu, Chief Executive Officer of CBAK Energy. “The 12 GWh investment agreement advances our plans for sodium-ion production. Designing the lines to produce lithium-ion cells as well would give us more options to serve customers as demand develops in both markets. We plan to develop the project in phases, with investment guided by financing availability and customer demand.”

About CBAK Energy
CBAK Energy Technology Limited (NASDAQ: CBAT) is a China-based company that develops, manufactures and sells high-power lithium-ion and sodium-ion batteries, as well as materials used in high-power lithium-ion batteries. It has battery cell production, research and development, and sales operations in Nanjing, Dalian and Shangqiu, with research and development centers in Nanjing and Dalian. Its raw materials business is based in Shaoxing. The Company’s products serve electric vehicles, light electric vehicles, energy storage systems and other high-power applications. In January 2006, CBAK Energy became the first Chinese lithium battery manufacturer to be listed on the Nasdaq Stock Market.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.

These statements include expectations about the planned 12 GWh large cylindrical battery cell and integrated battery systems project; phased development and plans to advance the project in the second half of 2027, subject to financing; the ability of the planned lines to produce sodium-ion or lithium-ion cells and the choice of chemistry based on market conditions; customer testing, qualification and commercial adoption; the separate 6 GWh Nanjing expansion and targeted increase in annual capacity at the existing facility to 10.5 GWh by year-end 2026; future demand for Model 60150 and Model 32140 cells, potential production-line configurations and changes in cell models; estimated additional annual revenue from each project; and the Company’s growth prospects.

Words such as “expect,” “estimate,” “anticipate,” “believe,” “intend,” “plan,” “target,” “may,” “will,” “would” and “could,” and similar expressions, identify forward-looking statements. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially.

Risks include changes in customer demand, product requirements, market prices and order volumes; the timing and outcome of customer testing and qualification and whether they lead to commercial orders; the availability, timing and cost of financing; the availability and cost of raw materials, production equipment and other inputs; technology development and market acceptance of sodium-ion batteries; delays in construction, equipment installation, commissioning or production ramp-up; manufacturing yields, capacity utilization, product quality and operating efficiency; the ability of the planned lines to support both sodium-ion and lithium-ion production; changes in cell models, production-line configuration and the choice of chemistry; regulatory, environmental and other required approvals; foreign exchange fluctuations; competing battery technologies; and other risks described in the Company’s reports filed with or furnished to the U.S. Securities and Exchange Commission.

The revenue estimates assume a full year of operation at full capacity with all output sold and are not guidance for a particular reporting period. The 12 GWh estimate uses current lithium-ion cell market prices as a benchmark. Neither estimate represents contracted sales. Actual revenue will depend on project completion, customer qualification, product mix, market pricing, utilization, manufacturing yields and sales, and may differ materially from these estimates.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise.

For more information, please visit: https://en.cbak.com.cn/
Email: marketing@cbak.com.cn
LinkedIn: https://www.linkedin.com/company/cbakenergy
X: https://x.com/CBAKEnergy
Stocktwits: https://stocktwits.com/CBAK_Energy

Investor Relations
Email: ir@cbak.com.cn
Website: https://ir.cbak.com.cn/

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3bb20fc1-b036-4233-a3f2-e3d945e5c98c

Expansion Into Vintage Eyewear and Furniture Broadens Revenue Opportunities and Supports the Company’s Long-Term Growth Strategy

CHEYENNE, Wyo., Sept. 23, 2026 (GLOBE NEWSWIRE) — TransGlobal Assets Inc. (OTCID: TMSH) today announced that its wholly owned subsidiary, M Love Vintage Holdings Inc., is expanding beyond vintage clothing into vintage eyewear and vintage furniture, representing the next step in the Company’s strategy to build a diversified vintage lifestyle platform.

Management believes the expansion broadens the Company’s addressable market while creating opportunities to develop multiple revenue channels across fashion, accessories, home décor, wholesale distribution, e-commerce, and international sales.

Riding the Growth of the Global Resale Economy

The expansion comes as the global resale market continues to experience significant growth.

According to ThredUp’s 2026 Resale Report, prepared in partnership with GlobalData, the global secondhand apparel market is projected to reach approximately $393 billion by 2030, growing twice as fast as the overall apparel market. The report also projects that Gen Z and Millennials will account for more than 70% of future market growth.

Management believes these trends reflect continued consumer interest in sustainability, affordability, individuality, and authentic, one-of-a-kind products.

By adding vintage eyewear and furniture to its offerings, M Love Vintage is expanding its participation in the broader vintage and resale marketplace while pursuing opportunities across multiple consumer categories.

Building Multiple Revenue Channels

The Company’s evolving platform is expected to include:

• Vintage Clothing

• Vintage Eyewear

• Vintage Furniture

• Collectible Home Décor

• Online Retail

• Wholesale Distribution

• International Sales

Management believes that expanding into complementary product categories may increase customer engagement, encourage repeat purchases, diversify potential revenue sources, and leverage the Company’s existing sourcing and merchandising capabilities.

Christopher Villareale, President of TransGlobal Assets Inc., stated:

“This expansion represents another important milestone in building M Love Vintage into more than a vintage clothing business. By broadening into eyewear and furniture, we’re creating opportunities to serve a larger customer base while expanding our long-term growth potential. We believe this strategy strengthens our brand and positions the Company to participate in one of retail’s fastest-growing segments.”

More to Come

Today’s announcement represents one component of the Company’s broader strategic growth plan.

Management is actively advancing additional initiatives across its operating businesses and looks forward to providing shareholders with further updates as these developments progress.

About TransGlobal Assets Inc. (OTCID: TMSH)

TransGlobal Assets Inc. is a Wyoming corporation focused on strategic acquisitions, corporate restructuring, and the development of emerging business opportunities. The Company continues to evaluate transactions aligned with its long-term strategic objectives and shareholder value.

About M Love Vintage

M Love Vintage Holdings Inc. is a wholly owned subsidiary of TransGlobal Assets Inc. focused on the vintage lifestyle marketplace, including vintage clothing, eyewear, furniture, collectibles, and related products.

Website: mlovesvintageholdings.com

X: M Loves Vintage (@mlovesvintage1) / X

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include, among other things, statements regarding the Company’s business strategy, expansion plans, potential revenue opportunities, market opportunities, growth potential, and future initiatives. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.

Contact

TransGlobal Assets Inc. (OTCID: TMSH)
310-228-8897
Investor Relations
reino@mlovesvintageholdings.com

Hong Kong, Sept. 23, 2026 (GLOBE NEWSWIRE) — Green Circle Decarbonize Technology Limited (the “Company”) (NYSE American: GCDT), a Cayman Islands holding company that, through its Hong Kong subsidiary, Boca International Limited, develops and manufactures Phase Change Material (PCM-TES) storage systems designed for cooling and heating applications, today announced that it will effect a 1-for-6 share consolidation (“Share Consolidation”) of its ordinary shares, including its class A ordinary shares, par value US$0.001 per share (“Class A Ordinary Shares”).

The Share Consolidation was approved by the Company’s board of directors and subsequently approved by the Company’s shareholders at an Extraordinary General Meeting held on August 10, 2026.

Share Consolidation

The Share Consolidation will combine every six (6) issued and unissued shares of the Company’s authorized share capital into one (1) share, with the par value of each share increasing from US$0.001 to US$0.006. The Share Consolidation will become effective at 12:01 a.m. Eastern Time on Wednesday, October 7, 2026.

The Company’s Class A Ordinary Shares are expected to commence trading on a split-adjusted basis at the opening of trading on the NYSE American on Wednesday, October 7, 2026, subject to applicable NYSE American procedures.

The Company’s Class A Ordinary Shares will continue to trade on the NYSE American under the Company’s existing trading symbol, “GCDT.” The new CUSIP number for the Class A Ordinary Shares following the Share Consolidation will be G4092C131.

The Share Consolidation will proportionately reduce the number of issued and outstanding Class A Ordinary Shares. The Company’s authorized share capital will also be adjusted to reflect the Share Consolidation in accordance with the Company’s amended and restated memorandum and articles of association.

No fractional shares will be issued as a result of the Share Consolidation. Any fractional share entitlement resulting from the Share Consolidation will be rounded up to the next whole share in accordance with the shareholder resolution approving the Share Consolidation.

The 1-for-6 Share Consolidation will automatically combine six (6) existing Class A Ordinary Shares into one (1) new Class A Ordinary Share. The Company’s transfer agent, Odyssey Trust Company, will serve as transfer and exchange agent in connection with the Share Consolidation.

Registered shareholders holding pre-consolidation Class A Ordinary Shares electronically in book-entry form will not be required to take any action to receive their post-consolidation shares. Shareholders holding Class A Ordinary Shares through a broker, bank, trust company or other nominee will have their positions automatically adjusted to reflect the Share Consolidation, subject to the particular procedures of their broker, bank or nominee, and will not be required to take any action in connection with the Share Consolidation.

Holders of physical share certificates should contact Odyssey Trust Company for instructions regarding the exchange of certificates for post-consolidation shares.

Additional Information

Each outstanding stock option, warrant, restricted share unit or other security convertible into or exercisable for the Company’s ordinary shares that remains outstanding immediately prior to the effective time of the Share Consolidation will, as applicable, be adjusted in accordance with the terms of the applicable instrument, agreement or plan to reflect the 1-for-6 Share Consolidation.

The Share Consolidation will increase the par value of the Company’s shares from US$0.001 to US$0.006 per share and will result in a corresponding adjustment to the Company’s authorized share capital.

The primary purpose of the Share Consolidation is to increase the per-share trading price of the Company’s Class A Ordinary Shares and support the Company’s continued compliance with the NYSE American’s continued listing requirements.

About Green Circle Decarbonize Technology Limited

Green Circle Decarbonize Technology Limited is a Cayman Islands holding company operating through its Hong Kong subsidiary, Boca International Limited. The Company is a provider of advanced energy saving solutions supported by proprietary phase change thermal energy storage materials and thermal engineering services.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “aim”, “anticipate”, “believe”, “estimate”, “expect”, “going forward”, “intend”, “may”, “plan”, “potential”, “predict”, “propose”, “seek”, “should”, “will”, “would” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For more information, please contact:

Green Circle Decarbonize Technology Limited

Chief Financial Officer
Email: louis.leung@vbg.com.hk

Company Intends to Use Proceeds to Acquire SOL

AUSTIN, TX, Sept. 23, 2026 (GLOBE NEWSWIRE) — Forward Industries, Inc. (NASDAQ: FWDI) (the “Company” or “Forward”), the leading Solana treasury company, today announced that it has entered into a securities purchase agreement with an institutional investor for the purchase and sale of 3,125,000 shares of the Company’s common stock at a price of $8.00 per share.

Aggregate gross proceeds are expected to be approximately $25 million, before fees and deducting placement agent fees and other estimated offering expenses. The offering is expected to close on or about September 24, 2026, subject to customary closing conditions. Forward intends to use the net proceeds to acquire additional SOL to grow the absolute size of its SOL treasury while the Company increases SOL per fully diluted share.

A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.

The shares are being offered pursuant to the Company’s effective shelf registration statement on Form S-3ASR (File No. 333-290312), which was declared effective by the Securities and Exchange Commission (“SEC”) on September 17, 2025. A prospectus supplement relating to the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Additionally, when available, electronic copies of the prospectus supplement and the accompanying prospectus may be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.

About Forward Industries, Inc.

Forward Industries, Inc. (NASDAQ: FWDI) is a Solana focused digital asset treasury company, with the strategy to buy, hold, stake, trade, invest in, and grow SOL and SOL related digital assets, protocols and businesses. Forward’s mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to and investing in the Solana network, Solana developers and Solana related projects in order to increase shareholder value. In connection with a private placement transaction in September 2025, Forward launched a digital asset treasury strategy supported by industry leading investors and operating partners including Galaxy Digital and Jump Crypto. For more information on the Company’s Solana treasury strategy, visit www.forwardindustries.com.

Forward Looking Statements

This press release includes 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. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project,” and other words of similar meaning. These forward-looking statements address various matters including statements relating to the anticipated use of proceeds from the offering, the expected closing date of the offering, the expected impact of the offering on SOL per share, the Company’s plan for value creation and strategic advantages, and market size and growth opportunities. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others: failure to realize the anticipated benefits of the digital asset treasury strategy; changes in business, market, financial, political, and regulatory conditions; risks relating to the Company’s operations and business, including the highly volatile nature of the price of Solana and other cryptocurrencies and the incurrence of indebtedness; the risk that the price of the Company’s common stock may be highly correlated to the price of the digital assets that it holds; risks related to the performance and expected return of the companies and projects that the Company has invested in; risks related to increased competition in the industries and markets in which the Company does and will operate (including the applicable digital assets market); risks relating to significant legal, commercial, regulatory, and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; as well as those risks and uncertainties identified in the Company’s filings with the Securities and Exchange Commission. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements. Investors should not place undue reliance on forward-looking statements.

Contacts
Media Contact
comms@forwardindustries.com

Investor Relations Contact
Sean Mansouri, CFA / Aaron D’Souza
Elevate IR
(720) 330-2829
ir@forwardindustries.com

As part of the implementation of Bang & Olufsen A/S’ long-term share-based incentive programs certain members of management have acquired shares in Bang & Olufsen A/S vested under the programs. In that connection, Bang & Olufsen A/S has received notification pursuant to article 19 of regulation (EU) no. 596/2014 of the below transactions related to shares in Bang & Olufsen made by persons discharging managerial responsibilities in Bang & Olufsen A/S and/or persons closely related with them.

Please see attached file for details.

For further information, please contact: Sr. Director, Strategy & Investor Relations, Cristina Rønde Hefting, phone: +45 4153 7303.

Attachment

• BO_2618_PDMR Announcement (vesting of shares)_Nikolaj Wendelboe