Three-year IDIQ contract supports production of a lightweight, integrated capability that helps protect military aircraft and crews in contested environments

Leonardo DRS DAIRCM System Supports UH-1Y Venom and AH-1Z Viper Aircraft

A UH-1Y Venom and AH-1Z Viper operate during a U.S. Marine Corps mission. Leonardo DRS has been awarded a Naval Air Systems Command contract to produce the Distributed Aperture Infrared Countermeasure (DAIRCM) aircraft survivability system for these platforms.
A UH-1Y Venom and AH-1Z Viper operate during a U.S. Marine Corps mission. Leonardo DRS has been awarded a Naval Air Systems Command contract to produce the Distributed Aperture Infrared Countermeasure (DAIRCM) aircraft survivability system for these platforms.

ARLINGTON, Va., Nov. 10, 2026 (GLOBE NEWSWIRE) — Naval Air Systems Command (NAVAIR) has awarded Leonardo DRS a three-year indefinite-delivery/indefinite-quantity (IDIQ) contract for low-rate initial production of the AN/AAQ-45 Distributed Aperture Infrared Countermeasure, or DAIRCM, aircraft survivability system.

The DRS DAIRCM system is a combat-proven lightweight aircraft survivability suite designed for small- and medium-sized aircraft with demanding size, weight and integration requirements. The integrated modular system combines advanced missile warning, directed infrared countermeasures, laser warning and hostile-fire indication to help protect aircraft and crews from surface-to-air threats in contested environments.

Under the contract, DRS will provide hardware production, aircraft integration, systems engineering, program management and associated logistics support. DAIRCM hardware will be manufactured at DRS facilities in Dallas, Texas, and San Diego, California. Aircraft-integration and logistics activities will be conducted from the company’s Fort Walton Beach, Florida site.

To date DAIRCM has been deployed on aircraft operating under a Joint Urgent Operational Need Statement. The low-rate initial production award follows the program’s Engineering and Manufacturing Development phase, during which DRS incorporated capability and producibility enhancements into the system configuration.

“This award moves the DRS DAIRCM System into low-rate initial production and expands our ability to provide critical integrated aircraft survivability capabilities to our military customers,” said John Baylouny, president and chief executive officer of Leonardo DRS. “We are proud to help address evolving aircraft survivability requirements and to enhance crew protection with a cost-effective advanced integrated capability.”

The DAIRCM program expands DRS’s aircraft survivability portfolio with an integrated capability designed for increasingly complex threat environments. It addresses the increasing evolution and proliferation of threats to airborne platforms.

For more information about DRS aircraft sensing and aircraft survivability technologies, visit Leonardo DRS Aircraft Sensing.

About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.

Forward-Looking Statements
This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.

Investor Relations Contact:
Camilla Yanushevsky
Director, Investor Relations
+1 571 309 8216
investorrelations@drs.com

Media Contact:
Charles Jones
Director, Marketing & Corporate Communications
+1 571 737 8800
charles.jones@drs.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/97dffd50-682b-4b1d-83ce-2502fec76fd8

Three-year IDIQ contract supports production of a lightweight, integrated capability that helps protect military aircraft and crews in contested environments

Leonardo DRS DAIRCM System Supports UH-1Y Venom and AH-1Z Viper Aircraft

A UH-1Y Venom and AH-1Z Viper operate during a U.S. Marine Corps mission. Leonardo DRS has been awarded a Naval Air Systems Command contract to produce the Distributed Aperture Infrared Countermeasure (DAIRCM) aircraft survivability system for these platforms.
A UH-1Y Venom and AH-1Z Viper operate during a U.S. Marine Corps mission. Leonardo DRS has been awarded a Naval Air Systems Command contract to produce the Distributed Aperture Infrared Countermeasure (DAIRCM) aircraft survivability system for these platforms.

ARLINGTON, Va., Nov. 10, 2026 (GLOBE NEWSWIRE) — Naval Air Systems Command (NAVAIR) has awarded Leonardo DRS a three-year indefinite-delivery/indefinite-quantity (IDIQ) contract for low-rate initial production of the AN/AAQ-45 Distributed Aperture Infrared Countermeasure, or DAIRCM, aircraft survivability system.

The DRS DAIRCM system is a combat-proven lightweight aircraft survivability suite designed for small- and medium-sized aircraft with demanding size, weight and integration requirements. The integrated modular system combines advanced missile warning, directed infrared countermeasures, laser warning and hostile-fire indication to help protect aircraft and crews from surface-to-air threats in contested environments.

Under the contract, DRS will provide hardware production, aircraft integration, systems engineering, program management and associated logistics support. DAIRCM hardware will be manufactured at DRS facilities in Dallas, Texas, and San Diego, California. Aircraft-integration and logistics activities will be conducted from the company’s Fort Walton Beach, Florida site.

To date DAIRCM has been deployed on aircraft operating under a Joint Urgent Operational Need Statement. The low-rate initial production award follows the program’s Engineering and Manufacturing Development phase, during which DRS incorporated capability and producibility enhancements into the system configuration.

“This award moves the DRS DAIRCM System into low-rate initial production and expands our ability to provide critical integrated aircraft survivability capabilities to our military customers,” said John Baylouny, president and chief executive officer of Leonardo DRS. “We are proud to help address evolving aircraft survivability requirements and to enhance crew protection with a cost-effective advanced integrated capability.”

The DAIRCM program expands DRS’s aircraft survivability portfolio with an integrated capability designed for increasingly complex threat environments. It addresses the increasing evolution and proliferation of threats to airborne platforms.

For more information about DRS aircraft sensing and aircraft survivability technologies, visit Leonardo DRS Aircraft Sensing.

About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.

Forward-Looking Statements
This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.

Investor Relations Contact:
Camilla Yanushevsky
Director, Investor Relations
+1 571 309 8216
investorrelations@drs.com

Media Contact:
Charles Jones
Director, Marketing & Corporate Communications
+1 571 737 8800
charles.jones@drs.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/97dffd50-682b-4b1d-83ce-2502fec76fd8

BELVIDERE, NJ, Nov. 10, 2026 (GLOBE NEWSWIRE) — Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, better-for-you, sustainable produce and products, announced today that it will host a conference call on Monday, November 16, 2026, at 8:00 AM Eastern Time to discuss financial results for the quarter ended September 30, 2026, and provide a business update.

The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 754273. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2914/54800 or on the investor relations section of the company’s website, https://ediblegardenag.com/presentations/.

A webcast replay will be available on the investor relations section of the Company’s website at https://ediblegardenag.com/presentations/ through November 16, 2027. A telephone replay of the call will be available approximately one hour following the call, through November 30, 2026, and can be accessed by dialing +1 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code 54800.

ABOUT EDIBLE GARDEN®

Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), delivering organic, better-for-you, sustainable produce and products through its Zero-Waste Inspired® next-generation farming model. Available in over 7,000 retail locations across the United States, Caribbean, and South America, Edible Garden is at the forefront of the CEA and sustainability technology movement, distinguished by its advanced safety-in-farming protocols, sustainable packaging, patented GreenThumb software, and innovative Self-Watering in-store displays. The Company operates state-of-the-art, vertically integrated greenhouses and processing facilities, including Edible Garden Heartland in Grand Rapids, Michigan; Edible Garden Prairie Hills in Webster City, Iowa; and its headquarters at Edible Garden Belvidere in New Jersey. It also partners with a network of contract growers strategically located near major U.S. markets to ensure freshness and reduce environmental impact. The Company is also expanding its Prairie Hills facility in Webster City, Iowa, into a dedicated ready-to-drink (RTD) clean nutrition manufacturing hub, supporting its Farm-to-Formula® strategy and its transformation into higher-margin, shelf-stable nutrition categories.

Edible Garden’s proprietary GreenThumb 2.0 software—protected by U.S. Patents US 11,158,006 B1, US 11,410,249 B2, and US 11,830,088 B2—optimizes vertical and traditional greenhouse growing conditions while aiming to reduce food miles. Its patented Self-Watering display (U.S. Patent No. D1,010,365) is designed to extend plant shelf life and elevate in-store presentation. In addition to its core CEA operations, Edible Garden owns three patents in advanced aquaculture technologies: a closed-loop shrimp farming system (US 6,615,767 B1), a modular recirculating aquaculture setup with automated water treatment and feeding (US 10,163,199 B2), and a sensor-driven ammonia control method utilizing electrolytic chlorine generation (US 11,297,809 B1).

The Company has been recognized as a FoodTech 500 firm by Forward Fooding, is a multi-year participant in Walmart’s Project Gigaton and a Giga Guru designee and has received NRG’s Excellence in Energy Award for its commitment to measurable environmental performance and energy stewardship. Edible Garden also develops and markets a growing line of nutrition and specialty food products, including Vitamin Way® and Vitamin Whey®—plant and whey protein powders—and Kick. Sports Nutrition, a premium performance line for health-conscious athletes seeking cleaner, better-for-you options. The Company’s offerings further include fresh, sustainable condiments such as Pulp fermented gourmet and chili-based sauces, as well as Pickle Party, a collection of fermented fresh pickles and krauts.

Learn more at https://ediblegardenag.com.
For Pulp products, visit https://www.pulpflavors.com.
For Vitamin Whey® products, visit https://vitaminwhey.com.
For Kick. Sports Nutrition products, visit https://kicksportsnutrition.net/.
Watch the Company’s latest corporate video here.

Investor Contacts:
Crescendo Communications, LLC
212-671-1020
EDBL@crescendo-ir.com

BELVIDERE, NJ, Nov. 10, 2026 (GLOBE NEWSWIRE) — Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leader in controlled environment agriculture (CEA), locally grown, organic, better-for-you, sustainable produce and products, announced today that it will host a conference call on Monday, November 16, 2026, at 8:00 AM Eastern Time to discuss financial results for the quarter ended September 30, 2026, and provide a business update.

The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 754273. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2914/54800 or on the investor relations section of the company’s website, https://ediblegardenag.com/presentations/.

A webcast replay will be available on the investor relations section of the Company’s website at https://ediblegardenag.com/presentations/ through November 16, 2027. A telephone replay of the call will be available approximately one hour following the call, through November 30, 2026, and can be accessed by dialing +1 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code 54800.

ABOUT EDIBLE GARDEN®

Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), delivering organic, better-for-you, sustainable produce and products through its Zero-Waste Inspired® next-generation farming model. Available in over 7,000 retail locations across the United States, Caribbean, and South America, Edible Garden is at the forefront of the CEA and sustainability technology movement, distinguished by its advanced safety-in-farming protocols, sustainable packaging, patented GreenThumb software, and innovative Self-Watering in-store displays. The Company operates state-of-the-art, vertically integrated greenhouses and processing facilities, including Edible Garden Heartland in Grand Rapids, Michigan; Edible Garden Prairie Hills in Webster City, Iowa; and its headquarters at Edible Garden Belvidere in New Jersey. It also partners with a network of contract growers strategically located near major U.S. markets to ensure freshness and reduce environmental impact. The Company is also expanding its Prairie Hills facility in Webster City, Iowa, into a dedicated ready-to-drink (RTD) clean nutrition manufacturing hub, supporting its Farm-to-Formula® strategy and its transformation into higher-margin, shelf-stable nutrition categories.

Edible Garden’s proprietary GreenThumb 2.0 software—protected by U.S. Patents US 11,158,006 B1, US 11,410,249 B2, and US 11,830,088 B2—optimizes vertical and traditional greenhouse growing conditions while aiming to reduce food miles. Its patented Self-Watering display (U.S. Patent No. D1,010,365) is designed to extend plant shelf life and elevate in-store presentation. In addition to its core CEA operations, Edible Garden owns three patents in advanced aquaculture technologies: a closed-loop shrimp farming system (US 6,615,767 B1), a modular recirculating aquaculture setup with automated water treatment and feeding (US 10,163,199 B2), and a sensor-driven ammonia control method utilizing electrolytic chlorine generation (US 11,297,809 B1).

The Company has been recognized as a FoodTech 500 firm by Forward Fooding, is a multi-year participant in Walmart’s Project Gigaton and a Giga Guru designee and has received NRG’s Excellence in Energy Award for its commitment to measurable environmental performance and energy stewardship. Edible Garden also develops and markets a growing line of nutrition and specialty food products, including Vitamin Way® and Vitamin Whey®—plant and whey protein powders—and Kick. Sports Nutrition, a premium performance line for health-conscious athletes seeking cleaner, better-for-you options. The Company’s offerings further include fresh, sustainable condiments such as Pulp fermented gourmet and chili-based sauces, as well as Pickle Party, a collection of fermented fresh pickles and krauts.

Learn more at https://ediblegardenag.com.
For Pulp products, visit https://www.pulpflavors.com.
For Vitamin Whey® products, visit https://vitaminwhey.com.
For Kick. Sports Nutrition products, visit https://kicksportsnutrition.net/.
Watch the Company’s latest corporate video here.

Investor Contacts:
Crescendo Communications, LLC
212-671-1020
EDBL@crescendo-ir.com

CXU™ formula already evaluated with human collagen in the 12-month P.R.O.O.F.™ preclinical study; first pilot batch of Conexeu’s own human collagen met predefined Company specifications

Highlights

Conexeu has launched a human collagen initiative at its Vancouver research and development facility, for its aesthetics program, focused on potential tissue-restoration applications associated with aging and significant weight loss, including GLP-1-associated weight loss.

  • The patented CXU™ formula has already been evaluated with human collagen from various sources in the 12-month P.R.O.O.F.™ preclinical study, which met its objectives in facial and large-volume models.
  • Conexeu’s first pilot batch of its own human collagen met predefined Company specifications, a first step toward controlling quality from the ingredient to the finished device.
  • CXU™ is being developed as a temporary collagen-based scaffold intended to provide structural support while host tissue interacts with and remodels the matrix, a different design concept from conventional dermal fillers used primarily for volumization or biostimulation.
  • Conexeu continues to target its planned FDA 510(k) submission for device candidate CXU™ in the first calendar quarter of 2027, subject to successful completion of required testing, manufacturing activities and regulatory documentation.

RENO, Nev., Nov. 10, 2026 (GLOBE NEWSWIRE) — Conexeu Sciences Inc. (Nasdaq: CNXU) (“Conexeu” or the “Company”), a preclinical-stage medical device and regenerative medicine company advancing CXU™, an investigational tissue-restoration platform, today announced a human collagen program for regenerative aesthetics, starting with the production of its first pilot batch of human type I collagen.

Demand for tissue restoration is rising with aging and with GLP-1 weight loss. The GLP-1 drug market was estimated at roughly $79 billion in 2025 and is projected to reach about $190 billion by 2035,[1] and aesthetic provider revenue tied to GLP-1 weight loss is projected to grow from about $0.7 billion in 2025 to $2.0 billion by 2030.[2] FDA-approved dermal fillers work by filling space, prompting the body to make new collagen, or both, and FDA has approved collagen-prompting fillers since the mid-2000s.[3][4][5] CXU™ is designed to work differently, as a temporary scaffold the body remodels into its own tissue.

“GLP-1 has created a new patient profile: people whose bodies have changed faster than today’s aesthetic injectables were built to address, and restoring that tissue takes more than volume,” said Miles Harrison, President and Chief Executive Officer of Conexeu Sciences. “Human collagen is an important ingredient, but on its own it does not recreate the complexity of native extracellular matrix. We believe the patented CXU™ formula provides a broader ECM framework than collagen alone and may offer a differentiated scaffold-based approach to aesthetics, based on more than a decade of university research and more than two years of development at Conexeu. That is why we believe we are well positioned to bring human collagen into aesthetics.”

Human collagen has been used in aesthetics before, as a single-component filler. Conexeu uses collagen as the foundation of CXU™, a multi-component scaffold formulation designed to mimic the body’s own matrix, the framework that holds tissue together.

Ten Minute Tissue™, our lead device candidate, continues to target a planned 510(k) submission in the first calendar quarter of 2027, subject to successful completion of required testing, manufacturing activities and regulatory documentation, and informs the Company’s human collagen program. Subject to FDA clearance, wound care is expected to be the Company’s first commercial indication, and any CXU™ product made with human collagen would require separate regulatory review.

The evidence

In the 12-month P.R.O.O.F.™ (Performance and Regeneration Outcomes of Flowable Collagen) preclinical study, the CXU™ formula, prepared with human collagen from various third-party sources, met its objectives in a small-volume injectable model and a 200cc-equivalent large-volume injectable model, and met predefined benchmarks for injectability and volumizing performance.[6][7] Full results are being prepared for peer-reviewed publication.

To the Company’s knowledge, GMP-grade human type I collagen suitable for injectable devices is not yet broadly available at commercial scale. In physicochemical characterization testing, Conexeu’s first pilot batch of its own human type I collagen met predefined Company specifications for identity and structure, including the protein pattern expected for type I collagen and fibril formation, the self-assembly step that comes before gel formation.[8]

“CXU™ is designed to go in as a liquid, set into a gel at body temperature, and become a temporary scaffold that the body’s own cells move into and remodel. In our 12-month P.R.O.O.F.™ study, the formula met its objectives with human collagen from multiple sources. Our first pilot batch is an early step toward making human collagen ourselves, to our own specifications,” said Dr. Claudia Chavez-Munoz, Chief Scientific Officer of Conexeu Sciences.

The human collagen described in this release is a development-stage material. It is not part of any device submitted to, or cleared or approved by, the FDA. In addition, P.R.O.O.F.™ is a preclinical, animal-model study, and preclinical results are not necessarily predictive of results in humans. Characterization results are from internal, unpublished testing of a single pilot batch and have not been independently verified or peer-reviewed.

About Conexeu Sciences Inc.

Architecting Bioregeneration™. Conexeu Sciences is a preclinical-stage medical device and regenerative medicine company. Our patented extracellular matrix (ECM) platform, CXU™, is built on a single structural principle and is designed to support bioregeneration: one formula, one device, designed to scale across multiple addressable markets.

Conexeu is targeting large, multi-billion-dollar end markets, including wound care, periodontal applications, and facial and body tissue restoration, including the tissue changes that can follow GLP-1 weight loss, with further expansion opportunities in 3D printing and biofabrication workflows and the veterinary market. The Company is advancing a predicate-based U.S. regulatory strategy with an anticipated 510(k) submission in the first calendar quarter of 2027 for its initial indication, subject to regulatory review.

Conexeu is led by an experienced leadership team with deep expertise in biomaterials, regenerative medicine, and medical device commercialization and development.

About CXU™

CXU™ is designed to support soft tissue lost through injury, aging, and the tissue changes that can follow GLP-1 weight loss. The Company’s lead device candidate, Ten Minute Tissue™, is a thermosensitive scaffold that remains fluid at room temperature and is designed to transition to a stable gel in situ at body temperature within approximately ten minutes. In preclinical research, Ten Minute Tissue™ has been characterized for host cell infiltration, vascular ingrowth, organized remodeling, and a low-inflammatory profile, conditions intended to support restoration.[9]

The platform is grounded in more than a decade of university preclinical research and protected by a multi-jurisdictional patent estate spanning more than 40 jurisdictions (U.S., EU, Japan, and Australia, with protection pending in Canada). Conexeu owns the platform IP, holding all rights, title, and interest, with no royalty or licensing obligations, and intends to expand across new indications and markets.

Sources

[1] Morgan Stanley, weight-loss drug (GLP-1) market outlook (roughly $79B in 2025 to approximately $190B by 2035).

[2] Boston Consulting Group, Five Growth Imperatives for Medical Aesthetics in Times of Uncertainty, August 2025 (GLP-1-related aesthetic provider revenue $0.7B in 2025 to $2.0B by 2030).

[3] Haddad S, Galadari H, Patil A, Goldust M, Al Salam S, Guida S. Evaluation of the biostimulatory effects and the level of neocollagenesis of dermal fillers: a review. Int J Dermatol. 2022;61(10):1284-1288. doi:10.1111/ijd.16229

[4] US Food and Drug Administration. Summary of Safety and Effectiveness Data, PMA P030050/S039 (Sculptra). April 18, 2023. https://www.accessdata.fda.gov/cdrh_docs/pdf3/P030050S039B.pdf

[5] US Food and Drug Administration. Premarket Approval P050052, Radiesse. Decision date December 22, 2006. https://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfpma/pma.cfm?id=P050052

[6] Conexeu Sciences, “A $190 Billion Weight-Loss Boom Has Exposed a Tissue-Restoration Gap Today’s Injectables Were Not Built to Fill,” GlobeNewswire, July 7, 2026. https://www.globenewswire.com/news-release/2026/07/07/3323250/0/en/a-190-billion-weight-loss-boom-has-exposed-a-tissue-restoration-gap-today-s-injectables-were-not-built-to-fill.html

[7] Conexeu Sciences, “The GLP-1s Are Creating Another Boom, a New $2 Billion Opportunity Exists in Aesthetics. Conexeu Is Building for It,” GlobeNewswire, July 14, 2026. https://www.theglobeandmail.com/investing/markets/stocks/CNXU/pressreleases/3272625/the-glp-1s-are-creating-another-boom-a-new-2-billion-opportunity-exists-in-aesthetics-conexeu-is-building-for-it/

[8] Supporting data is on file with the Company.

[9] Hartwell R., Leung V., Chavez-Munoz C., et al. A novel hydrogel-collagen composite improves functionality of an injectable extracellular matrix. Acta Biomaterialia (2011); 7; 3060-3069 (The cited study is preclinical. Preclinical results are not necessarily predictive of clinical outcomes. Ten Minute Tissue™ is an investigational device and has not been cleared or approved by the U.S. Food and Drug Administration. The cited study did not evaluate CXU™ specifically in wound care indications; wound care applications represent the design-intent application of the underlying CXU™ platform, and supporting evidence in indication-specific preclinical models is being developed by the Company).

Trademarks. CXU™, Ten Minute Tissue™, and Architecting Bioregeneration™ are trademarks of Conexeu Sciences Inc. Radiesse® is a registered trademark of its respective owner.

Investor and Media Contacts:

Media@Conexeu.com
(424) 333-5622 Ext. 5

astr partners
josh.barer@astrpartners.com
908-578-6478

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” as such term is used in applicable United States securities laws. These statements relate to analysis and other information that are based on forecasts or future results, estimates of amounts not yet determinable, and assumptions of management, including, but not limited to, statements regarding the Company’s human collagen program, including the production, testing, scale-up, sterile processing and potential use of human type I collagen in the CXU™ platform, regulatory pathway, submission timing, category development and platform expansion. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as “forward-looking statements”. We have based these forward-looking statements on our current expectations about future events or performance. While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control. Our actual future results may differ materially from those discussed or implied in our forward-looking statements for various reasons. Factors that could contribute to such differences include, but are not limited to: international, national and local general economic and market conditions; demographic changes; the early-stage, preclinical nature of the Company’s device candidates, including B.R.E.A.S.T.™ and Ten Minute Tissue™, and the inherent uncertainty of preclinical and clinical development, including the possibility that preclinical results may not be predictive of clinical outcomes; preclinical study objectives described as met may not result in clinical benefit, regulatory clearance, or commercial success; third party market estimates disclosed herein, including GLP-1, aesthetics and injectable market figures may prove inaccurate or may not reflect the Company’s addressable market; the investigational status of CXU™, which is not cleared or approved for marketing in any jurisdiction, and that no assurance can be given that any such clearance or approval will be obtained; risks associated with the Company’s planned 510(k) submission, including the possibility that the submission may not be completed within the anticipated first-quarter 2027 timeframe or at all; the risk that the FDA may not accept the 510(k) submission as filed, may request additional information, data, or testing, or may determine that the device is not substantially equivalent to the identified predicate device; the risk that marketing clearance for the CXU™ wound-care device may not be obtained, may be delayed, or may be subject to conditions or limitations that affect the Company’s commercial plans; changes in FDA regulatory policy, guidance, or review standards applicable to 510(k) submissions or the Company’s identified predicate devices; the ability of the Company to sustain, manage or forecast its growth; the ability of the Company to develop and commercialize its products; the ability of the Company to raise capital to complete its plans and fund its operations; the risk that the Company’s human collagen program may not achieve the yield, consistency, purity, sterility or scale required for use in a medical device; the risk that results from internal testing of an initial batch may not be reproduced in subsequent batches or in independent testing; the risk that any CXU™ product incorporating human collagen will require separate regulatory review and may not be cleared or approved; risks related to the sourcing, qualification and regulatory requirements applicable to human-derived biological materials; the continued availability of key leadership personnel; adverse publicity; competition and changes in the advanced wound care market, medical aesthetics market and tissue engineering and reconstruction; fluctuations and difficulty in forecasting operating results; business disruptions, such as technological failures and/or cybersecurity breaches; and the other risks described in the Company’s filings with the SEC, including under “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. There can be no assurance that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The forward-looking statements included in this release are made only as of the date hereof. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of any offer to buy our securities.

CXU™ formula already evaluated with human collagen in the 12-month P.R.O.O.F.™ preclinical study; first pilot batch of Conexeu’s own human collagen met predefined Company specifications

Highlights

Conexeu has launched a human collagen initiative at its Vancouver research and development facility, for its aesthetics program, focused on potential tissue-restoration applications associated with aging and significant weight loss, including GLP-1-associated weight loss.

  • The patented CXU™ formula has already been evaluated with human collagen from various sources in the 12-month P.R.O.O.F.™ preclinical study, which met its objectives in facial and large-volume models.
  • Conexeu’s first pilot batch of its own human collagen met predefined Company specifications, a first step toward controlling quality from the ingredient to the finished device.
  • CXU™ is being developed as a temporary collagen-based scaffold intended to provide structural support while host tissue interacts with and remodels the matrix, a different design concept from conventional dermal fillers used primarily for volumization or biostimulation.
  • Conexeu continues to target its planned FDA 510(k) submission for device candidate CXU™ in the first calendar quarter of 2027, subject to successful completion of required testing, manufacturing activities and regulatory documentation.

RENO, Nev., Nov. 10, 2026 (GLOBE NEWSWIRE) — Conexeu Sciences Inc. (Nasdaq: CNXU) (“Conexeu” or the “Company”), a preclinical-stage medical device and regenerative medicine company advancing CXU™, an investigational tissue-restoration platform, today announced a human collagen program for regenerative aesthetics, starting with the production of its first pilot batch of human type I collagen.

Demand for tissue restoration is rising with aging and with GLP-1 weight loss. The GLP-1 drug market was estimated at roughly $79 billion in 2025 and is projected to reach about $190 billion by 2035,[1] and aesthetic provider revenue tied to GLP-1 weight loss is projected to grow from about $0.7 billion in 2025 to $2.0 billion by 2030.[2] FDA-approved dermal fillers work by filling space, prompting the body to make new collagen, or both, and FDA has approved collagen-prompting fillers since the mid-2000s.[3][4][5] CXU™ is designed to work differently, as a temporary scaffold the body remodels into its own tissue.

“GLP-1 has created a new patient profile: people whose bodies have changed faster than today’s aesthetic injectables were built to address, and restoring that tissue takes more than volume,” said Miles Harrison, President and Chief Executive Officer of Conexeu Sciences. “Human collagen is an important ingredient, but on its own it does not recreate the complexity of native extracellular matrix. We believe the patented CXU™ formula provides a broader ECM framework than collagen alone and may offer a differentiated scaffold-based approach to aesthetics, based on more than a decade of university research and more than two years of development at Conexeu. That is why we believe we are well positioned to bring human collagen into aesthetics.”

Human collagen has been used in aesthetics before, as a single-component filler. Conexeu uses collagen as the foundation of CXU™, a multi-component scaffold formulation designed to mimic the body’s own matrix, the framework that holds tissue together.

Ten Minute Tissue™, our lead device candidate, continues to target a planned 510(k) submission in the first calendar quarter of 2027, subject to successful completion of required testing, manufacturing activities and regulatory documentation, and informs the Company’s human collagen program. Subject to FDA clearance, wound care is expected to be the Company’s first commercial indication, and any CXU™ product made with human collagen would require separate regulatory review.

The evidence

In the 12-month P.R.O.O.F.™ (Performance and Regeneration Outcomes of Flowable Collagen) preclinical study, the CXU™ formula, prepared with human collagen from various third-party sources, met its objectives in a small-volume injectable model and a 200cc-equivalent large-volume injectable model, and met predefined benchmarks for injectability and volumizing performance.[6][7] Full results are being prepared for peer-reviewed publication.

To the Company’s knowledge, GMP-grade human type I collagen suitable for injectable devices is not yet broadly available at commercial scale. In physicochemical characterization testing, Conexeu’s first pilot batch of its own human type I collagen met predefined Company specifications for identity and structure, including the protein pattern expected for type I collagen and fibril formation, the self-assembly step that comes before gel formation.[8]

“CXU™ is designed to go in as a liquid, set into a gel at body temperature, and become a temporary scaffold that the body’s own cells move into and remodel. In our 12-month P.R.O.O.F.™ study, the formula met its objectives with human collagen from multiple sources. Our first pilot batch is an early step toward making human collagen ourselves, to our own specifications,” said Dr. Claudia Chavez-Munoz, Chief Scientific Officer of Conexeu Sciences.

The human collagen described in this release is a development-stage material. It is not part of any device submitted to, or cleared or approved by, the FDA. In addition, P.R.O.O.F.™ is a preclinical, animal-model study, and preclinical results are not necessarily predictive of results in humans. Characterization results are from internal, unpublished testing of a single pilot batch and have not been independently verified or peer-reviewed.

About Conexeu Sciences Inc.

Architecting Bioregeneration™. Conexeu Sciences is a preclinical-stage medical device and regenerative medicine company. Our patented extracellular matrix (ECM) platform, CXU™, is built on a single structural principle and is designed to support bioregeneration: one formula, one device, designed to scale across multiple addressable markets.

Conexeu is targeting large, multi-billion-dollar end markets, including wound care, periodontal applications, and facial and body tissue restoration, including the tissue changes that can follow GLP-1 weight loss, with further expansion opportunities in 3D printing and biofabrication workflows and the veterinary market. The Company is advancing a predicate-based U.S. regulatory strategy with an anticipated 510(k) submission in the first calendar quarter of 2027 for its initial indication, subject to regulatory review.

Conexeu is led by an experienced leadership team with deep expertise in biomaterials, regenerative medicine, and medical device commercialization and development.

About CXU™

CXU™ is designed to support soft tissue lost through injury, aging, and the tissue changes that can follow GLP-1 weight loss. The Company’s lead device candidate, Ten Minute Tissue™, is a thermosensitive scaffold that remains fluid at room temperature and is designed to transition to a stable gel in situ at body temperature within approximately ten minutes. In preclinical research, Ten Minute Tissue™ has been characterized for host cell infiltration, vascular ingrowth, organized remodeling, and a low-inflammatory profile, conditions intended to support restoration.[9]

The platform is grounded in more than a decade of university preclinical research and protected by a multi-jurisdictional patent estate spanning more than 40 jurisdictions (U.S., EU, Japan, and Australia, with protection pending in Canada). Conexeu owns the platform IP, holding all rights, title, and interest, with no royalty or licensing obligations, and intends to expand across new indications and markets.

Sources

[1] Morgan Stanley, weight-loss drug (GLP-1) market outlook (roughly $79B in 2025 to approximately $190B by 2035).

[2] Boston Consulting Group, Five Growth Imperatives for Medical Aesthetics in Times of Uncertainty, August 2025 (GLP-1-related aesthetic provider revenue $0.7B in 2025 to $2.0B by 2030).

[3] Haddad S, Galadari H, Patil A, Goldust M, Al Salam S, Guida S. Evaluation of the biostimulatory effects and the level of neocollagenesis of dermal fillers: a review. Int J Dermatol. 2022;61(10):1284-1288. doi:10.1111/ijd.16229

[4] US Food and Drug Administration. Summary of Safety and Effectiveness Data, PMA P030050/S039 (Sculptra). April 18, 2023. https://www.accessdata.fda.gov/cdrh_docs/pdf3/P030050S039B.pdf

[5] US Food and Drug Administration. Premarket Approval P050052, Radiesse. Decision date December 22, 2006. https://www.accessdata.fda.gov/scripts/cdrh/cfdocs/cfpma/pma.cfm?id=P050052

[6] Conexeu Sciences, “A $190 Billion Weight-Loss Boom Has Exposed a Tissue-Restoration Gap Today’s Injectables Were Not Built to Fill,” GlobeNewswire, July 7, 2026. https://www.globenewswire.com/news-release/2026/07/07/3323250/0/en/a-190-billion-weight-loss-boom-has-exposed-a-tissue-restoration-gap-today-s-injectables-were-not-built-to-fill.html

[7] Conexeu Sciences, “The GLP-1s Are Creating Another Boom, a New $2 Billion Opportunity Exists in Aesthetics. Conexeu Is Building for It,” GlobeNewswire, July 14, 2026. https://www.theglobeandmail.com/investing/markets/stocks/CNXU/pressreleases/3272625/the-glp-1s-are-creating-another-boom-a-new-2-billion-opportunity-exists-in-aesthetics-conexeu-is-building-for-it/

[8] Supporting data is on file with the Company.

[9] Hartwell R., Leung V., Chavez-Munoz C., et al. A novel hydrogel-collagen composite improves functionality of an injectable extracellular matrix. Acta Biomaterialia (2011); 7; 3060-3069 (The cited study is preclinical. Preclinical results are not necessarily predictive of clinical outcomes. Ten Minute Tissue™ is an investigational device and has not been cleared or approved by the U.S. Food and Drug Administration. The cited study did not evaluate CXU™ specifically in wound care indications; wound care applications represent the design-intent application of the underlying CXU™ platform, and supporting evidence in indication-specific preclinical models is being developed by the Company).

Trademarks. CXU™, Ten Minute Tissue™, and Architecting Bioregeneration™ are trademarks of Conexeu Sciences Inc. Radiesse® is a registered trademark of its respective owner.

Investor and Media Contacts:

Media@Conexeu.com
(424) 333-5622 Ext. 5

astr partners
josh.barer@astrpartners.com
908-578-6478

Safe Harbor Statement

Except for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking statements” as such term is used in applicable United States securities laws. These statements relate to analysis and other information that are based on forecasts or future results, estimates of amounts not yet determinable, and assumptions of management, including, but not limited to, statements regarding the Company’s human collagen program, including the production, testing, scale-up, sterile processing and potential use of human type I collagen in the CXU™ platform, regulatory pathway, submission timing, category development and platform expansion. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as “forward-looking statements”. We have based these forward-looking statements on our current expectations about future events or performance. While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control. Our actual future results may differ materially from those discussed or implied in our forward-looking statements for various reasons. Factors that could contribute to such differences include, but are not limited to: international, national and local general economic and market conditions; demographic changes; the early-stage, preclinical nature of the Company’s device candidates, including B.R.E.A.S.T.™ and Ten Minute Tissue™, and the inherent uncertainty of preclinical and clinical development, including the possibility that preclinical results may not be predictive of clinical outcomes; preclinical study objectives described as met may not result in clinical benefit, regulatory clearance, or commercial success; third party market estimates disclosed herein, including GLP-1, aesthetics and injectable market figures may prove inaccurate or may not reflect the Company’s addressable market; the investigational status of CXU™, which is not cleared or approved for marketing in any jurisdiction, and that no assurance can be given that any such clearance or approval will be obtained; risks associated with the Company’s planned 510(k) submission, including the possibility that the submission may not be completed within the anticipated first-quarter 2027 timeframe or at all; the risk that the FDA may not accept the 510(k) submission as filed, may request additional information, data, or testing, or may determine that the device is not substantially equivalent to the identified predicate device; the risk that marketing clearance for the CXU™ wound-care device may not be obtained, may be delayed, or may be subject to conditions or limitations that affect the Company’s commercial plans; changes in FDA regulatory policy, guidance, or review standards applicable to 510(k) submissions or the Company’s identified predicate devices; the ability of the Company to sustain, manage or forecast its growth; the ability of the Company to develop and commercialize its products; the ability of the Company to raise capital to complete its plans and fund its operations; the risk that the Company’s human collagen program may not achieve the yield, consistency, purity, sterility or scale required for use in a medical device; the risk that results from internal testing of an initial batch may not be reproduced in subsequent batches or in independent testing; the risk that any CXU™ product incorporating human collagen will require separate regulatory review and may not be cleared or approved; risks related to the sourcing, qualification and regulatory requirements applicable to human-derived biological materials; the continued availability of key leadership personnel; adverse publicity; competition and changes in the advanced wound care market, medical aesthetics market and tissue engineering and reconstruction; fluctuations and difficulty in forecasting operating results; business disruptions, such as technological failures and/or cybersecurity breaches; and the other risks described in the Company’s filings with the SEC, including under “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. There can be no assurance that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. The forward-looking statements included in this release are made only as of the date hereof. For forward-looking statements in this news release, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release shall not constitute an offer to sell or the solicitation of any offer to buy our securities.

Price range of $0.04 to $1.00 per share, $500,000 aggregate limit and December 15, 2026 expiration are unchanged; holders who have already tendered need not take any action

WAYNE, Pa., Nov. 10, 2026 (GLOBE NEWSWIRE) — BTCS Inc. (NASDAQ: BTCS) (“BTCS” or the “Company”), short for Blockchain Technology Consensus Solutions, a company focused on decentralized finance operations and blockchain infrastructure, today announced that it has waived one of the conditions to its pending modified Dutch auction cash tender offer for shares of its Series V Preferred Stock (the “Series V Shares”) and is proceeding with the offer, and that it has supplemented the Offer to Purchase dated October 26, 2026 to expand its disclosure. The price range of $0.04 to $1.00 per share, the aggregate purchase limit of $500,000 and the expiration of the offer at 5:00 p.m., New York City time, on December 15, 2026 are not changed.

Waiver of condition. The offer was conditioned on, among other things, there not having been a decline of more than 10% in the market price of the Company’s common stock from its closing price of $1.08 on October 23, 2026, the last trading day before the offer began. The common stock closed at $0.965 on November 2, 2026, more than 10% below that price. The Company has waived that condition, for the remainder of the offer, insofar as it relates to the market price of the common stock, and is proceeding with the offer on its existing terms. The condition continues to apply to a decline of more than 10% in the Nasdaq Composite Index, and the other conditions described in the Offer to Purchase, as supplemented, remain in effect.

Supplement to the Offer to Purchase. The Company has also filed and is distributing to holders a Supplement to the Offer to Purchase that, in response to comments from the staff of the Securities and Exchange Commission, adds a prominent statement that the purchase price may be as low as $0.04 per share and is set by the prices at which holders tender, worked examples of how the purchase price and proration are determined, the maximum number of shares that may be purchased at the low and high ends of the range (12,500,000 shares at $0.04 and 500,000 shares at $1.00), a fuller statement of the reasons the Board of Directors set the low and high ends of the range, and an updated comparison to the market price of the common stock, which has closed both above and below $1.00 since the offer began. The Supplement also revises the forward-looking statements legend and certain conditions of the offer.

Holders who have already tendered Series V Shares do not need to take any action. Shares validly tendered and not withdrawn remain validly tendered and may be withdrawn at any time before the offer expires. Holders who have not tendered may do so as described in the Offer to Purchase and the Letter of Transmittal.

How the offer works. Holders may tender Series V Shares at a price they specify from $0.04 to $1.00 per share, in increments of $0.01, or elect to tender “at the purchase price,” in which case their shares are treated as tendered at $0.04. When the offer expires, the Company will determine the lowest single price within the range that allows it to purchase shares having an aggregate purchase price of up to $500,000 (or all shares tendered, if fewer), and will pay that price for every share it purchases, including shares tendered at lower prices. Shares tendered above the purchase price will not be purchased. If the offer is oversubscribed at the purchase price, shares will be purchased on a pro rata basis. The Company’s directors and executive officers have advised the Company that they will not tender.

No Recommendation

None of the Company, its Board of Directors, the information agent or the depositary makes any recommendation as to whether holders should tender or refrain from tendering Series V Shares, or as to the price at which holders may choose to tender. Holders must make their own decision after reading the Offer to Purchase, the Supplement and the Letter of Transmittal and consulting their own financial, tax and legal advisors.

Where to Find the Offer Documents

InvestorCom LLC is serving as information agent for the offer, and Equity Stock Transfer, LLC is serving as depositary. Questions and requests for copies of the Offer to Purchase, the Supplement, the Letter of Transmittal and other offer documents may be directed to InvestorCom toll-free at (877) 972-0090 or by email at proxy@investor-com.com. The offer documents are also available free of charge at www.sec.gov and at www.btcs.com/seriesv-tender.

Important Information

This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any Series V Shares. The offer is being made only pursuant to the Offer to Purchase, the Supplement, the Letter of Transmittal and related materials that the Company has filed with the Securities and Exchange Commission as exhibits to a Tender Offer Statement on Schedule TO, as amended. Holders of Series V Shares are urged to read the Schedule TO, the Offer to Purchase, the Supplement, the Letter of Transmittal and the other offer documents carefully because they contain important information, including the terms and conditions of the offer. These documents are available free of charge at the SEC’s website at www.sec.gov and from the information agent.

About BTCS Inc.

BTCS Inc. (“BTCS” or the “Company”), short for Blockchain Technology Consensus Solutions, is a Nasdaq-listed operating company that offers public-market access to the blockchain economy. Imperium, the Company’s decentralized finance (“DeFi”) business, deploys capital into on-chain liquidity markets, including automated market maker pools on Ethereum and Layer-2 networks, to generate recurring, high-margin revenue. Imperium draws on the protocol-level expertise of BTCS’s Ethereum infrastructure operations, Builder+ (block building) and NodeOps (staking). BTCS funds its growth through the DeFi/TradFi Accretion Flywheel, an integrated approach to raising capital, accumulating digital assets and deploying them on chain. Learn more at www.btcs.com.

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding the timing, completion and effects of the offer, the purchase price that may result, the sources of funds for the offer, and whether, when and on what terms the Company may create liquidity for or convert the Series V Shares. These statements are based on current expectations and involve risks and uncertainties, including the conditions to the offer, the number of shares tendered and the prices at which they are tendered, the Company’s financial condition and access to capital, the price of Ether and other digital assets, regulatory developments, and the other risks described in the Company’s filings with the SEC, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Actual results may differ materially. The Company undertakes no obligation to update forward-looking statements except as required by law. The safe harbor provisions of the Private Securities Litigation Reform Act of 1995 do not apply to statements made in connection with a tender offer.

Contact
Charles Allen – CEO
X: @Charles_BTCS
Email: ir@btcs.com

Price range of $0.04 to $1.00 per share, $500,000 aggregate limit and December 15, 2026 expiration are unchanged; holders who have already tendered need not take any action

WAYNE, Pa., Nov. 10, 2026 (GLOBE NEWSWIRE) — BTCS Inc. (NASDAQ: BTCS) (“BTCS” or the “Company”), short for Blockchain Technology Consensus Solutions, a company focused on decentralized finance operations and blockchain infrastructure, today announced that it has waived one of the conditions to its pending modified Dutch auction cash tender offer for shares of its Series V Preferred Stock (the “Series V Shares”) and is proceeding with the offer, and that it has supplemented the Offer to Purchase dated October 26, 2026 to expand its disclosure. The price range of $0.04 to $1.00 per share, the aggregate purchase limit of $500,000 and the expiration of the offer at 5:00 p.m., New York City time, on December 15, 2026 are not changed.

Waiver of condition. The offer was conditioned on, among other things, there not having been a decline of more than 10% in the market price of the Company’s common stock from its closing price of $1.08 on October 23, 2026, the last trading day before the offer began. The common stock closed at $0.965 on November 2, 2026, more than 10% below that price. The Company has waived that condition, for the remainder of the offer, insofar as it relates to the market price of the common stock, and is proceeding with the offer on its existing terms. The condition continues to apply to a decline of more than 10% in the Nasdaq Composite Index, and the other conditions described in the Offer to Purchase, as supplemented, remain in effect.

Supplement to the Offer to Purchase. The Company has also filed and is distributing to holders a Supplement to the Offer to Purchase that, in response to comments from the staff of the Securities and Exchange Commission, adds a prominent statement that the purchase price may be as low as $0.04 per share and is set by the prices at which holders tender, worked examples of how the purchase price and proration are determined, the maximum number of shares that may be purchased at the low and high ends of the range (12,500,000 shares at $0.04 and 500,000 shares at $1.00), a fuller statement of the reasons the Board of Directors set the low and high ends of the range, and an updated comparison to the market price of the common stock, which has closed both above and below $1.00 since the offer began. The Supplement also revises the forward-looking statements legend and certain conditions of the offer.

Holders who have already tendered Series V Shares do not need to take any action. Shares validly tendered and not withdrawn remain validly tendered and may be withdrawn at any time before the offer expires. Holders who have not tendered may do so as described in the Offer to Purchase and the Letter of Transmittal.

How the offer works. Holders may tender Series V Shares at a price they specify from $0.04 to $1.00 per share, in increments of $0.01, or elect to tender “at the purchase price,” in which case their shares are treated as tendered at $0.04. When the offer expires, the Company will determine the lowest single price within the range that allows it to purchase shares having an aggregate purchase price of up to $500,000 (or all shares tendered, if fewer), and will pay that price for every share it purchases, including shares tendered at lower prices. Shares tendered above the purchase price will not be purchased. If the offer is oversubscribed at the purchase price, shares will be purchased on a pro rata basis. The Company’s directors and executive officers have advised the Company that they will not tender.

No Recommendation

None of the Company, its Board of Directors, the information agent or the depositary makes any recommendation as to whether holders should tender or refrain from tendering Series V Shares, or as to the price at which holders may choose to tender. Holders must make their own decision after reading the Offer to Purchase, the Supplement and the Letter of Transmittal and consulting their own financial, tax and legal advisors.

Where to Find the Offer Documents

InvestorCom LLC is serving as information agent for the offer, and Equity Stock Transfer, LLC is serving as depositary. Questions and requests for copies of the Offer to Purchase, the Supplement, the Letter of Transmittal and other offer documents may be directed to InvestorCom toll-free at (877) 972-0090 or by email at proxy@investor-com.com. The offer documents are also available free of charge at www.sec.gov and at www.btcs.com/seriesv-tender.

Important Information

This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any Series V Shares. The offer is being made only pursuant to the Offer to Purchase, the Supplement, the Letter of Transmittal and related materials that the Company has filed with the Securities and Exchange Commission as exhibits to a Tender Offer Statement on Schedule TO, as amended. Holders of Series V Shares are urged to read the Schedule TO, the Offer to Purchase, the Supplement, the Letter of Transmittal and the other offer documents carefully because they contain important information, including the terms and conditions of the offer. These documents are available free of charge at the SEC’s website at www.sec.gov and from the information agent.

About BTCS Inc.

BTCS Inc. (“BTCS” or the “Company”), short for Blockchain Technology Consensus Solutions, is a Nasdaq-listed operating company that offers public-market access to the blockchain economy. Imperium, the Company’s decentralized finance (“DeFi”) business, deploys capital into on-chain liquidity markets, including automated market maker pools on Ethereum and Layer-2 networks, to generate recurring, high-margin revenue. Imperium draws on the protocol-level expertise of BTCS’s Ethereum infrastructure operations, Builder+ (block building) and NodeOps (staking). BTCS funds its growth through the DeFi/TradFi Accretion Flywheel, an integrated approach to raising capital, accumulating digital assets and deploying them on chain. Learn more at www.btcs.com.

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding the timing, completion and effects of the offer, the purchase price that may result, the sources of funds for the offer, and whether, when and on what terms the Company may create liquidity for or convert the Series V Shares. These statements are based on current expectations and involve risks and uncertainties, including the conditions to the offer, the number of shares tendered and the prices at which they are tendered, the Company’s financial condition and access to capital, the price of Ether and other digital assets, regulatory developments, and the other risks described in the Company’s filings with the SEC, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Actual results may differ materially. The Company undertakes no obligation to update forward-looking statements except as required by law. The safe harbor provisions of the Private Securities Litigation Reform Act of 1995 do not apply to statements made in connection with a tender offer.

Contact
Charles Allen – CEO
X: @Charles_BTCS
Email: ir@btcs.com

Initial agreement to deliver Together AI inference on NVIDIA GB300 NVL72 infrastructure operated by Rackspace

SAN ANTONIO, Nov. 10, 2026 (GLOBE NEWSWIRE) — Rackspace® (NASDAQ: RXT), the operator of the full enterprise AI stack, and Together AI, the AI Native Cloud, today announced an initial multiyear strategic AI infrastructure agreement under which Rackspace expects to provide and operate dedicated NVIDIA GB300 NVL72 infrastructure connected with NVIDIA Spectrum-X Ethernet networking to support Together AI inference workloads. Deployment is planned for 2027, subject to the satisfaction of certain conditions. This deployment reflects Rackspace’s strategy to become the operator of the full enterprise AI stack, leveraging its decades of experience operating mission-critical environments to give customers compute solutions that meet the security, trust, and governance needs in regulated, production environments.

The companies also entered into a separate, non-binding letter of intent (LOI) to explore a joint go-to-market approach for enterprise-focused AI solutions, with Together AI providing inference capabilities and Rackspace providing the supporting AI infrastructure, platforms, solutions and forward-deployed engineering expertise.

Dedicated AI infrastructure backed by operational accountability
Together AI has partnered with Rackspace based on its deep infrastructure and engineering expertise, operational capabilities and ability to support the demanding requirements of enterprise AI workloads. Under the initial agreement, Rackspace expects to provide and operate the dedicated NVIDIA Blackwell Ultra infrastructure, including associated power, liquid cooling, networking and storage. The parties expect to evaluate additional security, governance and compliance controls for future offerings, depending on end-customer requirements and agreed configurations. Together AI expects to provide the managed cloud platform operating on that infrastructure, including access to open source models, inference optimizations and developer tools.

Rackspace intends to build a repeatable model to support AI platform companies, systems integrators and enterprises as they scale AI infrastructure while retaining control of their technology and customer relationships. Rackspace’s approach to scaling AI infrastructure is to seek contractual commitments for dedicated capacity and manage related financing and capital commitments with the goal of aligning to expected customer demand and the useful life of the underlying hardware.

“Enterprise AI requires more than access to compute. Success depends on bringing compute into production, operating it reliably and delivering sustained value. That requires deep infrastructure and engineering expertise combined with operational accountability,” said Gajen Kandiah, Chief Executive Officer of Rackspace. “Rackspace brings more than 25 years of experience operating complex enterprise environments. Today’s announcement provides an opportunity to apply that experience to the dedicated infrastructure supporting Together AI’s inference platform. We believe this relationship advances our strategy to be the operator of the full enterprise AI stack.”

Exploring additional enterprise AI opportunities
Beyond the infrastructure agreement, Rackspace and Together AI intend to explore potential opportunities to jointly serve enterprise customers requiring greater control, compliance, and data sovereignty. The non-binding LOI contemplates evaluating how Together AI’s inference, post-training and reinforcement learning capabilities could be combined with Rackspace’s infrastructure, platforms and engineering services to provide additional options for customers deploying AI in production. Any joint offerings would depend on further agreement between the parties and applicable customer requirements.

Rackspace’s experience supporting enterprises in regulated industries, combined with its expertise across private cloud, hyperscaler and edge environments, may create opportunities to evaluate deployment configurations that bring Together AI’s cloud closer to enterprise data and workloads. The availability and characteristics of any such configurations, including data residency, security and compliance features, would be determined by the specific offering and customer arrangement, potentially providing greater flexibility in where and how customers deploy AI.

“Scaling in the enterprise requires infrastructure that can grow with our ambitions while delivering the performance and reliability customers expect,” said Vipul Ved Prakash, founder and CEO of Together AI. “Rackspace brings the infrastructure engineering and operational expertise to support that growth and we look forward to exploring additional opportunities together.”

Powered by next-generation NVIDIA accelerated computing
Rackspace, an NVIDIA Cloud Partner, plans to operate the deployment using dedicated NVIDIA GB300 NVL72 systems in a purpose-built, liquid-cooled facility, supported by NVIDIA networking. The planned infrastructure is designed to provide the performance, reliability and operational foundation needed to support Together AI’s enterprise inference workloads at scale.

“Enterprises need infrastructure that turns AI advances into services they can deploy at scale,” said Raj Mirpuri, Vice President of Global AI Clouds and Infrastructure Ecosystem at NVIDIA. “With NVIDIA Blackwell Ultra, Rackspace and Together AI can run inference workloads efficiently and bring the next wave of enterprise AI services to market.”

Financing
Effective November 6, 2026, Rackspace entered into a share purchase agreement with an investor group led by Voss Capital, LP providing for an aggregate $66 million private placement of Rackspace common stock. Rackspace expects to use the net proceeds for general corporate purposes, working capital, capital expenditures and growth capital, including funding for GPU-related initiatives. Rackspace expects to seek separate financing for the purchase of the NVIDIA GB300 NVL72 systems and is in active discussions with potential lenders; however, no definitive GPU financing commitment has been obtained as of the date of this release. There can be no assurance it will be obtained on acceptable terms or at all, and Rackspace’s obligations to proceed with the deployment are subject to the financing condition and other conditions in the definitive agreement.

About Rackspace
Rackspace (NASDAQ: RXT) is the operator of the full enterprise AI stack, bringing together infrastructure, applications, data and AI platforms across private and public cloud environments. Through its Build | Operate | Innovate delivery model, Rackspace combines engineering, infrastructure and continuous operations to help enterprises deploy and operate AI reliably, reduce complexity and realize measurable business value. Building on more than 25 years of experience operating complex enterprise technology, Rackspace helps customers manage AI performance and costs while maintaining control over their data, technology choices and where their AI runs. Its vendor-neutral, model-agnostic capabilities give customers the flexibility to evolve as technology changes. Learn more at www.rackspace.com.

About Together AI
Together AI is the AI Native Cloud, combining state-of-the-art open-source models, high-performance infrastructure, and frontier research in AI inference and scalability. Founded in 2022, Together AI powers over two million developers and some of the world’s most demanding AI workloads, delivering production-scale inference, post-training, and reinforcement learning for companies building the next generation of AI apps.

Forward-Looking Statements
Rackspace has made statements in this press release and other reports, filings, and other public written and verbal announcements that are forward-looking and therefore subject to risks and uncertainties. All statements, other than statements of historical fact, included in this press release are, or could be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and are made in reliance on the safe harbor protections provided thereunder. These forward-looking statements include, without limitation, statements regarding: the expected value, duration, scope, timing and terms of the arrangements with Together AI; the planned deployment of NVIDIA GB300 infrastructure and its expected timing; the non-binding letter of intent and any potential future capacity expansion or commercial opportunity, which is subject to future definitive agreements and other conditions; the contemplated joint go-to-market approach and opportunities to jointly serve enterprise customers; Rackspace’s plans to provide and operate the infrastructure, including the facility, power, cooling, networking and storage; our plans for financing and investment in the deployment and the availability, timing and terms of any such financing; our strategy and management’s plans and objectives for future operations, business prospects, market conditions, and other matters. Any forward-looking statement made in this press release speaks only as of the date on which it is made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. Forward-looking statements can be identified by various words such as “expects,” “intends,” “will,” “anticipates,” “believes,” “confident,” “continue,” “propose,” “seeks,” “could,” “may,” “should,” “estimates,” “forecasts,” “might,” “goals,” “objectives,” “targets,” “planned,” “projects,” “plans,” “potential,” “opportunity,” “contemplates,” “designed to,” “intended,” and similar expressions. These forward-looking statements are based on management’s current beliefs and assumptions and on information currently available to management. The agreement with Together AI is a binding, definitive agreement between the parties; however, Rackspace’s obligations are subject to certain conditions, including Rackspace obtaining financing for the deployment on acceptable terms (which financing has not been finalized on the date of this press release), and the availability of facilities, power and equipment (including the GPUs and related infrastructure) on the expected timeline. Factors that could cause actual results to differ materially from those stated or implied in this press release include, among others: Rackspace’s inability to obtain financing for the deployment on acceptable terms, or at all; the failure to satisfy the other conditions to Rackspace’s obligations under the agreement with Together AI; delays in, or the unavailability of, facilities, power, GPUs, networking, storage or other equipment; Rackspace’s ability to build, deploy and operate the infrastructure on the planned timeline and at the planned scale; Together AI’s performance under the agreement and demand for its services; and the effects of Rackspace prioritizing capital and capacity toward enterprise AI infrastructure on its other businesses and financial results. Rackspace cautions that these statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this press release, including among others, risk factors that are described in Rackspace’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings with the Securities and Exchange Commission, including the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

Media Contact Rackspace
Gracie LePere
publicrelations@rackspace.com

Media Contact Together AI
Marie Diamond
Mdiamond@together.ai 

Initial agreement to deliver Together AI inference on NVIDIA GB300 NVL72 infrastructure operated by Rackspace

SAN ANTONIO, Nov. 10, 2026 (GLOBE NEWSWIRE) — Rackspace® (NASDAQ: RXT), the operator of the full enterprise AI stack, and Together AI, the AI Native Cloud, today announced an initial multiyear strategic AI infrastructure agreement under which Rackspace expects to provide and operate dedicated NVIDIA GB300 NVL72 infrastructure connected with NVIDIA Spectrum-X Ethernet networking to support Together AI inference workloads. Deployment is planned for 2027, subject to the satisfaction of certain conditions. This deployment reflects Rackspace’s strategy to become the operator of the full enterprise AI stack, leveraging its decades of experience operating mission-critical environments to give customers compute solutions that meet the security, trust, and governance needs in regulated, production environments.

The companies also entered into a separate, non-binding letter of intent (LOI) to explore a joint go-to-market approach for enterprise-focused AI solutions, with Together AI providing inference capabilities and Rackspace providing the supporting AI infrastructure, platforms, solutions and forward-deployed engineering expertise.

Dedicated AI infrastructure backed by operational accountability
Together AI has partnered with Rackspace based on its deep infrastructure and engineering expertise, operational capabilities and ability to support the demanding requirements of enterprise AI workloads. Under the initial agreement, Rackspace expects to provide and operate the dedicated NVIDIA Blackwell Ultra infrastructure, including associated power, liquid cooling, networking and storage. The parties expect to evaluate additional security, governance and compliance controls for future offerings, depending on end-customer requirements and agreed configurations. Together AI expects to provide the managed cloud platform operating on that infrastructure, including access to open source models, inference optimizations and developer tools.

Rackspace intends to build a repeatable model to support AI platform companies, systems integrators and enterprises as they scale AI infrastructure while retaining control of their technology and customer relationships. Rackspace’s approach to scaling AI infrastructure is to seek contractual commitments for dedicated capacity and manage related financing and capital commitments with the goal of aligning to expected customer demand and the useful life of the underlying hardware.

“Enterprise AI requires more than access to compute. Success depends on bringing compute into production, operating it reliably and delivering sustained value. That requires deep infrastructure and engineering expertise combined with operational accountability,” said Gajen Kandiah, Chief Executive Officer of Rackspace. “Rackspace brings more than 25 years of experience operating complex enterprise environments. Today’s announcement provides an opportunity to apply that experience to the dedicated infrastructure supporting Together AI’s inference platform. We believe this relationship advances our strategy to be the operator of the full enterprise AI stack.”

Exploring additional enterprise AI opportunities
Beyond the infrastructure agreement, Rackspace and Together AI intend to explore potential opportunities to jointly serve enterprise customers requiring greater control, compliance, and data sovereignty. The non-binding LOI contemplates evaluating how Together AI’s inference, post-training and reinforcement learning capabilities could be combined with Rackspace’s infrastructure, platforms and engineering services to provide additional options for customers deploying AI in production. Any joint offerings would depend on further agreement between the parties and applicable customer requirements.

Rackspace’s experience supporting enterprises in regulated industries, combined with its expertise across private cloud, hyperscaler and edge environments, may create opportunities to evaluate deployment configurations that bring Together AI’s cloud closer to enterprise data and workloads. The availability and characteristics of any such configurations, including data residency, security and compliance features, would be determined by the specific offering and customer arrangement, potentially providing greater flexibility in where and how customers deploy AI.

“Scaling in the enterprise requires infrastructure that can grow with our ambitions while delivering the performance and reliability customers expect,” said Vipul Ved Prakash, founder and CEO of Together AI. “Rackspace brings the infrastructure engineering and operational expertise to support that growth and we look forward to exploring additional opportunities together.”

Powered by next-generation NVIDIA accelerated computing
Rackspace, an NVIDIA Cloud Partner, plans to operate the deployment using dedicated NVIDIA GB300 NVL72 systems in a purpose-built, liquid-cooled facility, supported by NVIDIA networking. The planned infrastructure is designed to provide the performance, reliability and operational foundation needed to support Together AI’s enterprise inference workloads at scale.

“Enterprises need infrastructure that turns AI advances into services they can deploy at scale,” said Raj Mirpuri, Vice President of Global AI Clouds and Infrastructure Ecosystem at NVIDIA. “With NVIDIA Blackwell Ultra, Rackspace and Together AI can run inference workloads efficiently and bring the next wave of enterprise AI services to market.”

Financing
Effective November 6, 2026, Rackspace entered into a share purchase agreement with an investor group led by Voss Capital, LP providing for an aggregate $66 million private placement of Rackspace common stock. Rackspace expects to use the net proceeds for general corporate purposes, working capital, capital expenditures and growth capital, including funding for GPU-related initiatives. Rackspace expects to seek separate financing for the purchase of the NVIDIA GB300 NVL72 systems and is in active discussions with potential lenders; however, no definitive GPU financing commitment has been obtained as of the date of this release. There can be no assurance it will be obtained on acceptable terms or at all, and Rackspace’s obligations to proceed with the deployment are subject to the financing condition and other conditions in the definitive agreement.

About Rackspace
Rackspace (NASDAQ: RXT) is the operator of the full enterprise AI stack, bringing together infrastructure, applications, data and AI platforms across private and public cloud environments. Through its Build | Operate | Innovate delivery model, Rackspace combines engineering, infrastructure and continuous operations to help enterprises deploy and operate AI reliably, reduce complexity and realize measurable business value. Building on more than 25 years of experience operating complex enterprise technology, Rackspace helps customers manage AI performance and costs while maintaining control over their data, technology choices and where their AI runs. Its vendor-neutral, model-agnostic capabilities give customers the flexibility to evolve as technology changes. Learn more at www.rackspace.com.

About Together AI
Together AI is the AI Native Cloud, combining state-of-the-art open-source models, high-performance infrastructure, and frontier research in AI inference and scalability. Founded in 2022, Together AI powers over two million developers and some of the world’s most demanding AI workloads, delivering production-scale inference, post-training, and reinforcement learning for companies building the next generation of AI apps.

Forward-Looking Statements
Rackspace has made statements in this press release and other reports, filings, and other public written and verbal announcements that are forward-looking and therefore subject to risks and uncertainties. All statements, other than statements of historical fact, included in this press release are, or could be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and are made in reliance on the safe harbor protections provided thereunder. These forward-looking statements include, without limitation, statements regarding: the expected value, duration, scope, timing and terms of the arrangements with Together AI; the planned deployment of NVIDIA GB300 infrastructure and its expected timing; the non-binding letter of intent and any potential future capacity expansion or commercial opportunity, which is subject to future definitive agreements and other conditions; the contemplated joint go-to-market approach and opportunities to jointly serve enterprise customers; Rackspace’s plans to provide and operate the infrastructure, including the facility, power, cooling, networking and storage; our plans for financing and investment in the deployment and the availability, timing and terms of any such financing; our strategy and management’s plans and objectives for future operations, business prospects, market conditions, and other matters. Any forward-looking statement made in this press release speaks only as of the date on which it is made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. Forward-looking statements can be identified by various words such as “expects,” “intends,” “will,” “anticipates,” “believes,” “confident,” “continue,” “propose,” “seeks,” “could,” “may,” “should,” “estimates,” “forecasts,” “might,” “goals,” “objectives,” “targets,” “planned,” “projects,” “plans,” “potential,” “opportunity,” “contemplates,” “designed to,” “intended,” and similar expressions. These forward-looking statements are based on management’s current beliefs and assumptions and on information currently available to management. The agreement with Together AI is a binding, definitive agreement between the parties; however, Rackspace’s obligations are subject to certain conditions, including Rackspace obtaining financing for the deployment on acceptable terms (which financing has not been finalized on the date of this press release), and the availability of facilities, power and equipment (including the GPUs and related infrastructure) on the expected timeline. Factors that could cause actual results to differ materially from those stated or implied in this press release include, among others: Rackspace’s inability to obtain financing for the deployment on acceptable terms, or at all; the failure to satisfy the other conditions to Rackspace’s obligations under the agreement with Together AI; delays in, or the unavailability of, facilities, power, GPUs, networking, storage or other equipment; Rackspace’s ability to build, deploy and operate the infrastructure on the planned timeline and at the planned scale; Together AI’s performance under the agreement and demand for its services; and the effects of Rackspace prioritizing capital and capacity toward enterprise AI infrastructure on its other businesses and financial results. Rackspace cautions that these statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this press release, including among others, risk factors that are described in Rackspace’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings with the Securities and Exchange Commission, including the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

Media Contact Rackspace
Gracie LePere
publicrelations@rackspace.com

Media Contact Together AI
Marie Diamond
Mdiamond@together.ai 

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.