Author: Ravi Shankar

Retired Army Lt. Gen. Roger L. Cloutier Jr., former commander of NATO Allied Land Command, joins both SPAC boards

SPAC sponsorship is one of several strategies for the single-family office, which invests only its own capital

MIAMI, Oct. 26, 2026 (GLOBE NEWSWIRE) — Di Rezze Family Office, the single-family office of Arghavan and Justin Di Rezze, today announced that Joseph Tonnos has joined the office as Managing Director and will lead the office’s efforts across its direct investment portfolio. He joins a senior team of investment, capital markets and operating professionals.

Effective October 20, 2026, Mr. Tonnos also became Chief Financial Officer of Soren Acquisition Corp. (Nasdaq: SORN) and Praetorian Acquisition Corp. (Nasdaq: PTOR), two special purpose acquisition companies sponsored by principals of the office and will join the board of each company. Each company also appointed new independent directors.

“Joe brings significant financial markets and investment management experience to our team. He has worked across all aspects of the SPAC market since 2017, most notably as a six-time sponsor and as an investor, and he now leads finance and execution for Soren and Praetorian,” said Arghavan Di Rezze, Principal of Di Rezze Family Office. “Our new independent directors bring capital markets, public-company finance and operating experience, and they answer to shareholders, which makes the right team to have in place for a company when it is ready to go public.”

Mr. Tonnos brings more than 15 years of experience in investment management, corporate finance, capital markets and transaction structuring. Most recently, he was a Managing Director at Roth Capital Partners, LLC, and before that a Principal and Associate Portfolio Manager at Meteora Capital, LLC.

Soren appointed Lieutenant General (Ret.) Roger L. Cloutier Jr. and Austin Criden as independent directors. Praetorian appointed Mr. Cloutier, Jimmy Vaiopoulos and Charles P. Garcia as independent directors.

Mr. Cloutier retired from the U.S. Army as a Lieutenant General after 34 years of service and commanded NATO Allied Land Command from 2020 to 2022. Mr. Criden serves as a consultant to West2East Empire, a brand management and media production company and has held other positions as an operator and investment banker. Mr. Vaiopoulos is Chief Financial Officer and Co-Founder of Stack Capital Group Inc. and previously served as Chief Financial Officer and Interim Chief Executive Officer of Hut 8 Mining Corp., the predecessor of Hut 8 Corp. Mr. Garcia is Managing Partner of R360 Management Inc. and a former director of Winn-Dixie Stores, Inc., where he was the financial expert of its audit committee.

Di Rezze Family Office invests only its own capital across multiple strategies, including pre-IPO minority investments in private growth companies, structured investments in public companies and the sponsorship of special purpose acquisition companies. Soren and Praetorian, the two SPACs sponsored by its principals, together hold more than $500 million in trust.

“As founders and operators ourselves, Arghavan and I look at a SPAC through a founder’s eyes,” said Justin Di Rezze, co-founder of Di Rezze Family Office. “For the right company, it is a powerful way to access the public capital markets, maintain control of the business and take it to the next level. We seek to add value from our entire platform and approach a business combination with transparency as long-term investors. We are ready to partner with founders, operators and stakeholders prepared to take the next step.”

Further details are available in each company’s Current Report on Form 8-K.

About Di Rezze Family Office

Di Rezze Family Office is the single family office of Arghavan and Justin Di Rezze. Based in Miami, it invests only its own capital across multiple strategies, including pre-IPO minority investments in growth companies, structured investments and SPAC sponsorship, with a focus on companies that move humanity forward. Principals of the office sponsor Soren Acquisition Corp. (Nasdaq: SORN) and Praetorian Acquisition Corp. (Nasdaq: PTOR). Arghavan Di Rezze co-founded Theoria Medical, a national, technology-enabled primary care and value-based care company.

About Soren Acquisition Corp.

Soren is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Soren may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution but is focused on completing a business combination with an attractive target business within the healthcare industry.

Soren’s management team is led by Arghavan Di Rezze, its Chief Executive Officer, and Joseph Tonnos, its Chief Financial Officer, who are both members of Soren’s Board of Directors. In addition, Soren’s Board of Directors includes Marc Mazur, Austin Criden, and Roger Cloutier.

Forward-Looking Statements for Soren Acquisition Corp.

This press release contains statements that may constitute “forward-looking statements” within the meaning of applicable federal securities laws, including statements regarding the Soren’s future plans, objectives, expectations and strategies, its management and board of directors, and its search for and potential completion of an initial business combination. These statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied, including the possibility that Soren may not identify or complete an initial business combination.

Forward-looking statements are subject to numerous risks, uncertainties and conditions, many of which are beyond the control of Soren, including those described under “Risk Factors” in Soren’s most recent Annual Report on Form 10-K, as updated by its subsequent Quarterly Reports on Form 10-Q, and in Soren’s other filings with the Securities and Exchange Commission (the “SEC”). Copies of these filings are available on the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Soren undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Soren Acquisition Corp. Contact

Soren Acquisition Corp.
Arghavan Di Rezze, Chief Executive Officer
apd@direzzefamilyoffice.com

About Praetorian Acquisition Corp.

Praetorian is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Praetorian may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution but is focused on completing a business combination with an attractive target business in a traditional sector that can be transformed through the application of automation and artificial intelligence.

Praetorian’s management team is led by Justin Di Rezze M.D., its Chief Executive Officer, and Joseph Tonnos, its Chief Financial Officer, who are both members of the Praetorian Board of Directors. In addition, the Praetorian Board of Directors includes Roger Cloutier, Jimmy Vaiopoulos, and Charles Garcia.

Forward-Looking Statements for Praetorian Acquisition Corp.

This press release contains statements that may constitute “forward-looking statements” within the meaning of applicable federal securities laws, including statements regarding the Praetorian’s future plans, objectives, expectations and strategies, its management and board of directors, and its search for and potential completion of an initial business combination. These statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied, including the possibility that Praetorian may not identify or complete an initial business combination.

Forward-looking statements are subject to numerous risks, uncertainties and conditions, many of which are beyond the control of Praetorian, including those described under “Risk Factors” in Praetorian’s most recent Annual Report on Form 10-K, as updated by its subsequent Quarterly Reports on Form 10-Q, and in Praetorian’s other filings with the SEC. Copies of these filings are available on the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Praetorian undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Praetorian Acquisition Corp. Contact

Praetorian Acquisition Corp.
Justin Di Rezze M.D., Chief Executive Officer
jpd@direzzefamilyoffice.com

Retired Army Lt. Gen. Roger L. Cloutier Jr., former commander of NATO Allied Land Command, joins both SPAC boards

SPAC sponsorship is one of several strategies for the single-family office, which invests only its own capital

MIAMI, Oct. 26, 2026 (GLOBE NEWSWIRE) — Di Rezze Family Office, the single-family office of Arghavan and Justin Di Rezze, today announced that Joseph Tonnos has joined the office as Managing Director and will lead the office’s efforts across its direct investment portfolio. He joins a senior team of investment, capital markets and operating professionals.

Effective October 20, 2026, Mr. Tonnos also became Chief Financial Officer of Soren Acquisition Corp. (Nasdaq: SORN) and Praetorian Acquisition Corp. (Nasdaq: PTOR), two special purpose acquisition companies sponsored by principals of the office and will join the board of each company. Each company also appointed new independent directors.

“Joe brings significant financial markets and investment management experience to our team. He has worked across all aspects of the SPAC market since 2017, most notably as a six-time sponsor and as an investor, and he now leads finance and execution for Soren and Praetorian,” said Arghavan Di Rezze, Principal of Di Rezze Family Office. “Our new independent directors bring capital markets, public-company finance and operating experience, and they answer to shareholders, which makes the right team to have in place for a company when it is ready to go public.”

Mr. Tonnos brings more than 15 years of experience in investment management, corporate finance, capital markets and transaction structuring. Most recently, he was a Managing Director at Roth Capital Partners, LLC, and before that a Principal and Associate Portfolio Manager at Meteora Capital, LLC.

Soren appointed Lieutenant General (Ret.) Roger L. Cloutier Jr. and Austin Criden as independent directors. Praetorian appointed Mr. Cloutier, Jimmy Vaiopoulos and Charles P. Garcia as independent directors.

Mr. Cloutier retired from the U.S. Army as a Lieutenant General after 34 years of service and commanded NATO Allied Land Command from 2020 to 2022. Mr. Criden serves as a consultant to West2East Empire, a brand management and media production company and has held other positions as an operator and investment banker. Mr. Vaiopoulos is Chief Financial Officer and Co-Founder of Stack Capital Group Inc. and previously served as Chief Financial Officer and Interim Chief Executive Officer of Hut 8 Mining Corp., the predecessor of Hut 8 Corp. Mr. Garcia is Managing Partner of R360 Management Inc. and a former director of Winn-Dixie Stores, Inc., where he was the financial expert of its audit committee.

Di Rezze Family Office invests only its own capital across multiple strategies, including pre-IPO minority investments in private growth companies, structured investments in public companies and the sponsorship of special purpose acquisition companies. Soren and Praetorian, the two SPACs sponsored by its principals, together hold more than $500 million in trust.

“As founders and operators ourselves, Arghavan and I look at a SPAC through a founder’s eyes,” said Justin Di Rezze, co-founder of Di Rezze Family Office. “For the right company, it is a powerful way to access the public capital markets, maintain control of the business and take it to the next level. We seek to add value from our entire platform and approach a business combination with transparency as long-term investors. We are ready to partner with founders, operators and stakeholders prepared to take the next step.”

Further details are available in each company’s Current Report on Form 8-K.

About Di Rezze Family Office

Di Rezze Family Office is the single family office of Arghavan and Justin Di Rezze. Based in Miami, it invests only its own capital across multiple strategies, including pre-IPO minority investments in growth companies, structured investments and SPAC sponsorship, with a focus on companies that move humanity forward. Principals of the office sponsor Soren Acquisition Corp. (Nasdaq: SORN) and Praetorian Acquisition Corp. (Nasdaq: PTOR). Arghavan Di Rezze co-founded Theoria Medical, a national, technology-enabled primary care and value-based care company.

About Soren Acquisition Corp.

Soren is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Soren may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution but is focused on completing a business combination with an attractive target business within the healthcare industry.

Soren’s management team is led by Arghavan Di Rezze, its Chief Executive Officer, and Joseph Tonnos, its Chief Financial Officer, who are both members of Soren’s Board of Directors. In addition, Soren’s Board of Directors includes Marc Mazur, Austin Criden, and Roger Cloutier.

Forward-Looking Statements for Soren Acquisition Corp.

This press release contains statements that may constitute “forward-looking statements” within the meaning of applicable federal securities laws, including statements regarding the Soren’s future plans, objectives, expectations and strategies, its management and board of directors, and its search for and potential completion of an initial business combination. These statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied, including the possibility that Soren may not identify or complete an initial business combination.

Forward-looking statements are subject to numerous risks, uncertainties and conditions, many of which are beyond the control of Soren, including those described under “Risk Factors” in Soren’s most recent Annual Report on Form 10-K, as updated by its subsequent Quarterly Reports on Form 10-Q, and in Soren’s other filings with the Securities and Exchange Commission (the “SEC”). Copies of these filings are available on the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Soren undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Soren Acquisition Corp. Contact

Soren Acquisition Corp.
Arghavan Di Rezze, Chief Executive Officer
apd@direzzefamilyoffice.com

About Praetorian Acquisition Corp.

Praetorian is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Praetorian may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution but is focused on completing a business combination with an attractive target business in a traditional sector that can be transformed through the application of automation and artificial intelligence.
 
Praetorian’s management team is led by Justin Di Rezze M.D., its Chief Executive Officer, and Joseph Tonnos, its Chief Financial Officer, who are both members of the Praetorian Board of Directors. In addition, the Praetorian Board of Directors includes Roger Cloutier, Jimmy Vaiopoulos, and Charles Garcia.

Forward-Looking Statements for Praetorian Acquisition Corp.

This press release contains statements that may constitute “forward-looking statements” within the meaning of applicable federal securities laws, including statements regarding the Praetorian’s future plans, objectives, expectations and strategies, its management and board of directors, and its search for and potential completion of an initial business combination. These statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied, including the possibility that Praetorian may not identify or complete an initial business combination.

Forward-looking statements are subject to numerous risks, uncertainties and conditions, many of which are beyond the control of Praetorian, including those described under “Risk Factors” in Praetorian’s most recent Annual Report on Form 10-K, as updated by its subsequent Quarterly Reports on Form 10-Q, and in Praetorian’s other filings with the SEC. Copies of these filings are available on the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Praetorian undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Praetorian Acquisition Corp. Contact

Praetorian Acquisition Corp.
Justin Di Rezze M.D., Chief Executive Officer
jpd@direzzefamilyoffice.com
  

ST. JOHN’S, Newfoundland and Labrador, Oct. 26, 2026 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) will release its third quarter 2026 financial results and new five-year capital outlook for the period 2027-2031 on Tuesday, November 3, 2026. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern). David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation’s third quarter financial results and five-year capital outlook.

Shareholders, analysts, members of the media and other interested parties are invited to listen to the teleconference via the live webcast on the Corporation’s website, www.fortisinc.com/investors/events-and-presentations.

Those members of the financial community in Canada and the United States wishing to ask questions during the call are invited to participate toll free by calling 1.833.821.0229. Individuals in other international locations can participate by calling 1.647.846.2371. Please dial in 10 minutes prior to the start of the call. No access code is required. Alternatively, individuals may pre-register for the call via the Corporation’s website, www.fortisinc.com/investors/events-and-presentations. Upon registering, individuals will receive a calendar invite by email with dial in details and a unique access code enabling them to bypass the teleconference operator queue. Registration will remain open until the end of the teleconference.

A live and archived audio webcast of the teleconference will be available on the Corporation’s website, www.fortisinc.com. A replay of the teleconference will be available two hours after the conclusion of the call until December 3, 2026. Please call 1.855.669.9658 or 1.412.317.0088 and enter access code 6446629#.

About Fortis
Fortis is a diversified leader in the North American regulated electric and gas utility industry with 2025 revenue of $12 billion and total assets of $79 billion as at June 30, 2026. The Corporation’s 9,900 employees serve utility customers in five Canadian provinces, ten U.S. states and the Cayman Islands.

Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com, www.sedarplus.ca, or www.sec.gov.

A .pdf version of this press release is available at: http://ml.globenewswire.com/Resource/Download/95a9bec1-2882-46b3-b9e4-92aeb807d728

For further information contact
Investor Enquiries: Ms. Stephanie Amaimo Vice President, Investor Relations Fortis Inc. 248.946.3572 investorrelations@fortisinc.com	Media Enquiries: Ms. Karen McCarthy Vice President, Communications & Government Relations Fortis Inc. 709.737.5323 media@fortisinc.com

MCLEAN, Va., Oct. 26, 2026 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for September 2026, which provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities, and other investments.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn more: Website | Consumers | LinkedIn | Facebook| X | Instagram | YouTube

MEDIA CONTACT: Fred Solomon
703-903-3861
Frederick_Solomon@FreddieMac.com

INVESTOR CONTACT: Mahesh Lal
571-382-3630

ATLANTA, Oct. 26, 2026 (GLOBE NEWSWIRE) — Bakkt, Inc. (“Bakkt” or the “Company”) (NYSE: BKKT) today announced that it will release its third quarter 2026 financial results after market close on Monday, November 9, 2026. Management will host a conference call at 5:00 PM EST on the same day to review the results and answer questions.

The conference call will be webcast live and archived on the investor relations section of Bakkt’s corporate website under the ‘News & Events’ section, along with any related earnings materials. Attendance information is provided below.

Conference Call Details:

• Day: November 9, 2026
• Time: 5:00 PM EST
• Participant Call Links:
  • Live Webcast: Link
  • Participant Call Registration: Link

About Bakkt

Bakkt (NYSE: BKKT) is a regulated financial technology company building a financial operating system for the AI and token economy. Through Bakkt Markets, Bakkt Agent and Bakkt Global, the Company operates regulated infrastructure for trading, stablecoin settlement and cross-border payments; intelligence and distribution capabilities for financial products; and strategic access to differentiated assets and global markets. Bakkt serves financial institutions, fintechs and consumer brands seeking to deliver trusted financial services at scale.

For more information, visit: https://www.bakkt.com/ | X | LinkedIn | Instagram

For investor and media inquiries, please contact:

Investor Relations
Yujia Zhai
OG Advisory Group
Bakkt@orangegroupadvisors.com

Media
media@bakkt.com

BOULDER, Colo., Oct. 26, 2026 (GLOBE NEWSWIRE) — Gaia, Inc. (NASDAQ: GAIA), a conscious media and community company, will conduct a conference call on Monday, November 2, 2026, at 4:30 p.m. Eastern time (2:30 p.m. Mountain time) to discuss its financial results for the third quarter ended September 30, 2026. The company will report its financial results in a press release prior to the call.

Gaia management will host the conference call, followed by a question and answer period.

Date: Monday, November 2, 2026
Time: 4:30 p.m. Eastern time (2:30 p.m. Mountain time)
Toll-free dial-in number: 1-877-269-7751
International dial-in number: 1-201-389-0908
Conference ID: 13763050

Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group at 949-574-3860.

The conference call will be broadcast live and available for replay here and via ir.gaia.com.

A telephonic replay of the conference call will be available after 7:30 p.m. Eastern time on the same day through November 16, 2026.

Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay ID: 13763050

About Gaia

Gaia is a member-supported global video streaming service and community that produces and curates conscious media through four primary channels—Seeking Truth, Transformation, Alternative Healing and Yoga—in four languages (English, Spanish, French and German) to its members in 185 countries. Gaia’s library includes over 10,000 titles, over 90% of which is exclusive to Gaia, and approximately 75% of viewership is generated by content produced or owned by Gaia. Gaia is available on Apple TV, iOS, Android, Roku, Chromecast, and sold through Amazon Prime Video and Comcast Xfinity. For more information about Gaia, visit www.gaia.com.

Ned Preston
Chief Financial Officer
Gaia, Inc.
Investors@gaia.com

Investor Relations:

Cody Slach
Gateway Group, Inc.
949-574-3860
GAIA@gateway-grp.com

Vancouver, British Columbia, Oct. 26, 2026 (GLOBE NEWSWIRE) — Apogee Minerals Ltd. (“Apogee” or the “Company”) (TSXV: APMI) is pleased to announce its planned name change to Northmark Metals Corp. (the “Name Change”) and the appointment of Taj Singh to the Company’s Board of Directors, effective October 23, 2026.

Name Change to Northmark Metals:

The Name Change is intended to better reflect the Company’s focus on advancing copper and base metal exploration opportunities in Saskatchewan, anchored by the Knife Lake Copper Project. Subject to the acceptance of the TSX Venture Exchange, the Name Change is expected to take effect in the coming weeks, with the Company’s common shares expected to commence trading on the TSX Venture Exchange under the name Northmark Metals Corp. and the symbol “NMRK”. Following the Name Change, the Company’s common shares will be assigned a new CUSIP number.

The Name Change was approved by the Board of Directors of the Company and does not require shareholder approval. The Name Change will not alter the Company’s share capital or shareholders’ rights, and no share consolidation is being undertaken in connection with the Name Change. No action is required by shareholders, and outstanding share certificates will remain valid and do not need to be exchanged.

Board of Directors:

Mr. Singh is an accomplished mining executive with over 25 years of technical, corporate development and capital markets experience, having participated in raising more than C$400 million in equity. He is President and CEO of Crown 80 Consulting Services Ltd. and previously served as founding President and CEO of each of First Nordic Metals Corp. (until its merger with Mawson Finland to form Goldsky Resources), NOA Lithium Brines Inc. and Discovery Silver Corp. He also served as a founding Director and Lead Independent Director of GT Gold Corp., subsequently acquired by Newmont Corporation for a fully diluted C$456 million valuation.

Mr. Singh is a Professional Engineer and Chartered Professional Accountant and holds Bachelor and Master of Engineering degrees in metallurgy and minerals processing.

Brady Rak, CEO of Apogee, comments, “I am thrilled to have Taj Singh join the board of directors. As an investor I have personally seen the value that Taj can bring in evaluating early-stage assets and connecting them with the capital markets. Apogee, soon to be Northmark, and its stakeholders will benefit from the knowledge Taj will bring and I am very excited to apply this in building a central Canadian base metals company.”

Riley Trimble has stepped down as a Director of the Company, effective October 23, 2026. The Company thanks Mr. Trimble for his service and contributions to Apogee and wishes him well in his future endeavours.

About Apogee Minerals Ltd.:

Apogee Minerals Ltd. is a Canadian copper and base metal exploration company that holds an option to acquire a 100% interest in the Knife Lake Copper Project. The asset comprises 54 mineral claims totalling approximately 35,255 hectares in east-central Saskatchewan, located approximately 136 kilometres northwest of Flin Flon, Manitoba and approximately 180 kilometres northeast of La Ronge, Saskatchewan – a jurisdiction consistently ranked among the top mining jurisdictions in the world by the Fraser Institute. The Property hosts the Knife Lake Deposit, a near-surface, stratabound volcanogenic massive sulphide (“VMS”) style copper-zinc-silver-gold-cobalt deposit.

Our goal is to build shareholder value through mineral project acquisitions and advancement, as well as through new mineral discoveries.

To find out more about Apogee Minerals Ltd. (TSXV: APMI), visit the Company’s website: www.apogeemineralsltd.com

ON BEHALF OF THE BOARD OF DIRECTORS

Apogee Minerals Ltd.

“Brady Rak”

Brady Rak
Chief Executive Officer and a Director

For further information, please contact:

Apogee Minerals Ltd.
Matthew Coltura, Corporate Communications
Email: mcoltura@sentinelmarket.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statements Regarding Forward-Looking Information:

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements in this news release include, but are not limited to, statements regarding the Name Change and the change of the Company’s trading symbol to “NMRK”, including the acceptance of the TSX Venture Exchange and the expected timing thereof; the appointment of Mr. Singh as a Director and his anticipated contributions to the Company; the Company’s business plans, strategy and objectives; and the anticipated advancement of the Knife Lake Copper Project. Forward-looking statements are often, but not always, identified by the use of words such as “plans”, “expects”, “is expected”, “anticipates”, “believes”, “intends”, “targets”, “aims” or similar expressions, or by statements that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved.

Forward-looking statements are based on a number of assumptions made by management and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such statements, including, without limitation: delays in obtaining, or the failure to obtain, the acceptance of the TSX Venture Exchange for the Name Change and the change of trading symbol; the Company’s ability to execute on its business plans, strategy and objectives; the ability to retain key personnel; the early-stage nature of the Company’s exploration activities; the ability to obtain adequate financing on acceptable terms; delays in obtaining, or the failure to obtain, required regulatory approvals; changes in legislation or in TSX Venture Exchange policies; and general market, political and economic conditions.

Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on such statements, which apply only as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Applied enters into agreement to increase its investment to approximately 20 percent of outstanding shares, reinforcing the companies’ long-term strategic partnership in advanced packaging

SANTA CLARA, Calif., Oct. 26, 2026 (GLOBE NEWSWIRE) — Applied Materials, Inc. (Nasdaq: AMAT) today announced it is increasing its investment in BE Semiconductor Industries N.V. (Besi) (Euronext Amsterdam: BESI), a leading manufacturer of assembly equipment for the semiconductor industry, to approximately 20 percent of Besi’s outstanding shares. The share purchase would add to Applied Materials’ current investment in Besi, which Applied initially made in April 2025.

The companies have a longstanding strategic collaboration, which began in 2020 and was recently expanded with Besi joining Applied Materials’ EPIC Center as an Innovation Partner. The expanded partnership extends the companies’ co-innovation beyond hybrid bonding into new interconnect architectures and applications supporting the semiconductor industry’s AI-driven scaling roadmap. Areas of collaboration include next-generation 3D IC scaling, logic and memory integration, scaling of thermo-compression bonding and new die-on-wafer, die-on-die and die-on-panel integration platforms.

“Applied Materials is adding to its investment in Besi as hybrid bonding technology and next-generation interconnect architectures become increasingly critical enablers of energy-efficient AI compute performance,” said Dr. Prabu Raja, President of the Semiconductor Products Group at Applied Materials. “We also look forward to furthering our strategic collaboration with Besi and delivering the innovative products and technologies our customers need to scale AI systems.”

Applied Materials has entered into an accelerated share purchase agreement for the Besi shares, and the delivery of the shares is subject to the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the HSR Act).

Applied Materials views its investment in Besi as long term. Applied currently has no intention to increase its investment in Besi beyond approximately 20 percent, and Applied does not intend to seek board representation at Besi.

Forward-Looking Statements
This press release contains forward-looking statements regarding the purchase of Besi shares by Applied Materials. These statements and their underlying assumptions are subject to risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied by such statements include the expiration or termination of the applicable waiting period under the HSR Act and the risks and uncertainties described in our filings with the Securities and Exchange Commission, including our most recent Forms 10-K, 10-Q and 8-K. All forward-looking statements are based on management’s current estimates, projections and assumptions, and we assume no obligation to update them.

About Applied Materials
Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions that are at the foundation of virtually every new semiconductor and advanced display in the world. The technology we create is essential to advancing AI and accelerating the commercialization of next-generation chips. At Applied, we push the boundaries of science and engineering to deliver material innovation that changes the world. Learn more at www.appliedmaterials.com.

Contact:
Ricky Gradwohl (editorial/media) 408.235.4676
Mike Sullivan (financial community) 408.986.7977

Expected Q3 2026 Revenue of $6.9 Million to $7.2 Million; Gross Margin of 80% to 82%, Net Loss of Approximately $10.0 Million, Inclusive of Non-recurring Stock-Based Compensation and Merger-Related Transaction Fees, and Adjusted EBITDA of $1.7 Million to $2.0 Million

LAKE MARY, Fla., Oct. 26, 2026 (GLOBE NEWSWIRE) — OpenWorld, Inc. (NASDAQ: OPNW) (“OpenWorld” or the “Company”) today provided preliminary, unaudited estimated financial results for the third quarter ended September 30, 2026. The third-quarter operating results will reflect OpenWorld’s historical operations, rather than those of VerifyMe, Inc. (the “predecessor company”), following the completion of the reverse takeover transaction on September 30, 2026 (the “RTO”). The September 30, 2026, consolidated balance sheet will reflect the combined entities.

Preliminary Third Quarter 2026 Highlights

Based on currently available information, the Company expects to report the following financial results for the third quarter ended September 30, 2026:

Metric	Estimated Range
Revenue	$6.9 million – $7.2 million
Gross Margin	80% – 82%
Net Loss (GAAP) Including Nonrecurring Stock-Based Compensation and Merger-Related Transaction Fees	Approximately $(10.0) million
Adjusted EBITDA (non-GAAP)*	$1.7 million – $2.0 million

* Adjusted EBITDA is a non-GAAP financial measure that excludes interest, income taxes, depreciation and amortization, certain nonrecurring stock-based compensation expenses and merger-related transaction fees. See “Use of Non-GAAP Financial Measures” and Appendix A for additional information and a reconciliation to GAAP net loss.

• Revenue: Revenue is expected to be between $6.9 million and $7.2 million, reflecting the Company’s results, reported primarily as OpenWorld.
• Gross margin: Gross margin is expected to be between 80% and 82%, underscoring the Company’s belief in the scalability of its business model.
• Net loss: Approximately $10.0 million, inclusive of approximately $11.9 million in non-recurring stock-based compensation expense and merger-related transaction fees.
• Adjusted EBITDA: Adjusted EBITDA* is expected to be between $1.7 million and $2.0 million, reflecting adjustments for certain non-recurring stock-based compensation expenses and merger-related transaction fees.

“Even as we are in the early stages of scaling operations, our estimated third-quarter financial results demonstrate the strength of OpenWorld’s business model as we move forward as a public company,” said Matthew Shaw, Chairman and CEO of OpenWorld. “Our initial revenue performance, high-margin profile and positive Adjusted EBITDA* provide an excellent indication of the early progress we are making, and we believe we are well positioned to build on this momentum. Considering that our revenue from real-world assets (“RWA(s)”) has ramped to this level within just three quarters from zero at the start of the year, we are confident that the Company has the right strategies to benefit from our expectation of consistent significant growth and adoption of RWAs globally.”

Appointment of Gerard Hernandez as Chief Financial Officer

OpenWorld today also announced that Gerard Hernandez has been appointed Chief Financial Officer, effective October 23, 2026. In this role, Mr. Hernandez will oversee the Company’s finance, accounting, reporting, and investor relations functions as the Company’s operations transition to primarily focus on OpenWorld.

Mr. Hernandez co-founded OpenWorld and has brought more than 15 years of financial leadership experience across technology, blockchain, and healthcare. He played a key role in the Company’s transition to the Nasdaq public markets and most recently served as its Chief Accounting Officer. His extensive Web3 experience includes serving as a Special Council Member of the APE Foundation, the legal and administrative steward of ApeCoin DAO, one of the most prominent decentralized autonomous organizations in the Web3 ecosystem, and as Chief Financial Officer of ThriveCoin, a blockchain rewards and treasury allocation platform. Mr. Hernandez has also held CFO and senior finance leadership roles across large, multi-entity healthcare organizations. He holds CPA designations in both the United States and Canada.

“Gerard brings the financial discipline, public-company perspective and industry expertise we need at this stage of OpenWorld’s growth,” said Matthew Shaw. “We are confident he will play a key role as we continue to execute on our strategy and create value for our shareholders.”

“I am excited to step into the CFO role at such an important time for OpenWorld,” said Mr. Hernandez. “I look forward to working with the team to strengthen our financial foundation and to help the capital markets fully understand and value OpenWorld’s investment thesis.”

Preliminary Results

The financial information in this press release is preliminary, unaudited, and based on management’s estimates as of the date of this release and does not represent a complete presentation of the Company’s third quarter financial results or financial condition. The Company’s financial closing procedures for the quarter end September 30, 2026, are not yet complete, and actual results may differ materially from these estimates. The Company’s independent registered public accounting firm has not audited, reviewed or performed any procedures with respect to these preliminary financial results and, accordingly, does not express an opinion or any other form of assurance about them. The Company expects to report its third quarter 2026 results and host a conference call and webcast on November 12, 2026.

Use of Non-GAAP Financial Measures

This press release includes Adjusted EBITDA, a non-GAAP financial measure. The Company defines Adjusted EBITDA as net income (loss) before interest, taxes, depreciation and amortization, further adjusted to exclude certain nonrecurring stock-based compensation expenses and merger-related transaction fees. Management believes Adjusted EBITDA provides useful supplemental information about the Company’s operating performance. Adjusted EBITDA should not be considered in isolation or as a substitute for measures prepared in accordance with U.S. GAAP. A reconciliation of preliminary GAAP net loss to Adjusted EBITDA is included in Appendix A to this press release.

About OpenWorld

OpenWorld, Inc. (NASDAQ: OPNW) is a digital assets and blockchain technology company. Through its OpenWorld Enterprise platform, the Company provides financial structuring and blockchain infrastructure for the issuance and distribution of tokenized real-world assets to institutional and retail investors. To learn more, visit openworld.dev.

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 Exchange Act of 1934, as amended. These forward-looking statements generally can be identified by the use of words such as “anticipate,” “believes,” “continue,” “expect,” “estimate,” “could,” “may,” “will,” “should,” “focus,” and other words of similar meaning. Examples of forward-looking statements include, among others, statements regarding OpenWorld’s preliminary financial estimates for the third quarter of 2026, the anticipated benefits of the RTO, OpenWorld’s leadership transition, the growth and adoption of RWA utilization and the Company’s future business, operating and financial performance. 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. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on OpenWorld’s current beliefs, expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside OpenWorld’s control. Actual results and outcomes may differ materially from those indicated in the forward-looking statements. Therefore, you should not place undue reliance on any of these forward-looking statements. Important factors that could cause actual results and outcomes to differ materially from those indicated in the forward-looking statements include, among others, the completion of the Company’s quarter-end closing procedures, the integration of the businesses following the RTO, market conditions and other risks and uncertainties described in OpenWorld’s Annual Report and Quarterly Reports filed with the SEC, including under the heading titled “Risk Factors.”

OpenWorld cautions investors not to place undue reliance on the forward-looking statements contained in this press release. You are encouraged to read OpenWorld’s filings with the SEC, available at www.sec.gov, for a discussion of these and other risks and uncertainties. The forward-looking statements speak only as of the date of this press release, and OpenWorld undertakes no obligation to update or revise any of these statements except as required by applicable law. OpenWorld’s business is subject to substantial risks and uncertainties, including those referenced above. Investors, potential investors, and others should consider these risks and uncertainties. OpenWorld does not give any assurance that the Company will achieve its expectations and objectives, financial or otherwise.

Contacts

Investors: OpenWorldIR@allianceadvisors.com 

Media: Aayushi@allianceadvisors.com   

Appendix A: Reconciliation of Preliminary Net Loss to Adjusted EBITDA (Unaudited)^

Adjusted EBITDA

(in millions of U.S. dollars)	For the three months ended September 30, 2026
GAAP net loss	Approx. $(10.0)
Interest expense, net	$0.1
Income tax expense	$0.0
Depreciation and amortization	$0.0
Nonrecurring stock-based compensation	$5.9
Merger-related transaction fees (a)	$6.0
Adjusted EBITDA (non-GAAP)	$1.7  – $2.0

^(a) Merger-related transaction fees consist primarily of non-recurring advisory fees incurred in connection with the Company’s reverse merger transaction with VerifyMe, Inc., which closed on September 30, 2026.

^ See “Preliminary Results” above for additional information on the financial information presented in this release and Appendix A.

Highlights (All comparisons are to the prior year period unless otherwise noted):

• Net sales of $561.7 million for the quarter, up 3.3%
• Diluted earnings per share (“EPS”) of $1.98, down 20%
• Adjusted diluted EPS* of $2.08, down 21%
• Generated $64.6 million of cash from operating activities; repurchased $15 million of shares
• Updates its full-year guidance for 2026

COLMAR, Pa., Oct. 26, 2026 (GLOBE NEWSWIRE) — Dorman Products, Inc. (the “Company” or “Dorman”) (NASDAQ: DORM), a leading supplier in the motor vehicle aftermarket industry, today announced its financial results for the third quarter ended September 26, 2026.

Kevin Olsen, Dorman’s Chairman, President, and Chief Executive Officer, stated, “We delivered solid performance in the quarter. Net sales increased 3%, with top-line growth across each of our three business segments driven by new products and business wins. Diluted EPS was $1.98, and adjusted diluted EPS was $2.08, compared to $2.48 and $2.62, respectively, in the prior-year period. The year-over-year earnings comparison reflects the timing of tariff-related pricing that benefitted the third quarter of 2025. We also generated $65 million of operating cash flow and repurchased $15 million of our common stock in the quarter, bringing year-to-date share repurchases to a company record of $112 million.

“Given our performance through the first nine months of the year and additional pricing actions we expect to take in the fourth quarter, we are narrowing our full-year 2026 guidance. We now expect full-year net sales growth to be in the range of 2% to 3%, diluted EPS in the range of $7.95 to $8.15, and adjusted diluted EPS in the range of $8.50 to $8.70.

“Supported by our strong balance sheet and liquidity position, and the strategic advantages of our innovation engine and diversified supplier network, we remain confident in our long-term growth strategy.”

Third Quarter Financial Results
The Company reported third quarter 2026 net sales of $561.7 million, up 3.3% from net sales of $543.7 million in the third quarter of 2025.

Gross profit was $221.6 million in the third quarter of 2026, or 39.4% of net sales, compared to $241.4 million, or 44.4% of net sales, in the same quarter last year. Adjusted gross profit* was $221.2 million, or 39.4% of net sales, in the third quarter of 2026, compared to $241.4 million, or 44.4% of net sales, in the same quarter last year.

Selling, general, and administrative (“SG&A”) expenses were $138.7 million, or 24.7% of net sales, in the third quarter of 2026, compared to $135.7 million, or 25.0% of net sales, in the same quarter last year. Adjusted SG&A expenses* were $132.4 million, or 23.6% of net sales, in the third quarter of 2026, compared to $129.9 million, or 23.9% of net sales, in the same quarter last year.

Diluted EPS was $1.98 in the third quarter of 2026, down 20% from diluted EPS of $2.48 in the same quarter last year. Adjusted diluted EPS* was $2.08 in the third quarter of 2026, down 21% compared to adjusted diluted EPS* of $2.62 in the same quarter last year.

Segment results were as follows:

	Net Sales											Segment Profit Margin
($ in millions)	Q3 2026				Q3 2025				Change			Q3 2026			Q3 2025			Change
Light Duty	$	443.7			$	430.3			3	%		18.5	%		23.7	%		-520 bps
Heavy Duty	$	66.1			$	63.0			5	%		0.0	%		4.5	%		-450 bps
Specialty Vehicle	$	51.9			$	50.4			3	%		13.1	%		12.8	%		30 bps

2026 Guidance
The Company updates its full-year 2026 guidance as detailed in the table below. The Company’s guidance includes the expected impact of tariffs enacted as of October 26, 2026. The Company’s guidance excludes the impact of potential tariff changes after October 26, 2026, future acquisitions and divestitures, and additional share repurchases.

	Updated 2026 Guidance	Prior 2026 Guidance
Net Sales Growth vs. 2025	2% – 3%	3% – 5%
Diluted EPS	$7.95 – $8.15	$7.93 – $8.23
Growth vs. 2025	20% – 23%	19% – 24%
Adjusted Diluted EPS*	$8.50 – $8.70	$8.50 – $8.80
Growth vs. 2025	(4)% – (2)%	(4)% – (1)%
Tax Rate Estimate	23.5% – 24.0%	23.5%

Conference Call and Webcast
The Company will hold a conference call and webcast for investors on Tuesday, October 27, 2026, beginning at 8:00 a.m. Eastern Time. The conference call can be accessed by telephone at (800) 420-1459 within the U.S. or +1 (203) 518-9861 outside the U.S. When prompted, enter the conference ID “DORMQ326”. A live audio webcast and accompanying presentation materials can be accessed on the Company’s website at investors.dormanproducts.com. A replay of the webcast will be made available on the website shortly after the conclusion of the call.

About Dorman Products
Dorman gives professionals, enthusiasts, and owners greater freedom to fix motor vehicles. For over 100 years, we have been driving new solutions, releasing tens of thousands of aftermarket replacement products engineered to save time and money and increase convenience and reliability.

Founded and headquartered in the United States, we are a pioneering global organization offering an always-evolving catalog of products covering cars, trucks, and specialty vehicles, from chassis to body, from underhood to undercarriage, and from hardware to complex electronics.

*Non-GAAP Measures
In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings release also contains Non-GAAP financial measures. The supplemental schedules attached include the reasons we believe these measures provide useful information to investors, a reconciliation of these measures to the most directly comparable GAAP measures, and other information relating to these Non-GAAP measures.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “probably,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “views,” “estimates,” and similar expressions are used to identify these forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date such statements were made. Such forward-looking statements are based on current expectations that involve known and unknown risks, uncertainties, and other factors (many of which are outside of our control). Such risks, uncertainties and other factors relate to, among other things: competition in and the evolution of the motor vehicle aftermarket industry; changes in our relationships with, or the loss of, any customers or suppliers; our ability to develop, market and sell new and existing products; our ability to anticipate and meet customer demand; our ability to purchase necessary materials from our suppliers and the impacts of any related logistics constraints; widespread public health pandemics; political and regulatory matters, such as changes in trade policy, the imposition of tariffs and climate regulation; our ability to protect our information security systems and defend against cyberattacks; our ability to protect our intellectual property and defend against any claims of infringement; and financial and economic factors, such as our level of indebtedness, fluctuations in interest rates and inflation. More information on these risks and other potential factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price is included in the Company’s filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company is under no obligation to, and expressly disclaims any such obligation to, update any of the information in this document, including but not limited to any situation where any forward-looking statement later turns out to be inaccurate, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.

Investor Relations Contact
Alex Whitelam, VP, Investor Relations
awhitelam@dormanproducts.com
(445) 448-9522

Visit our Investor Relations website at investors.dormanproducts.com, which contains important Company information, including financial data and investor materials. Dorman encourages investors to visit its website periodically to view new and updated information.

DORMAN PRODUCTS, INC. Consolidated Statements of Operations (in thousands, except per-share amounts)
	Three Months Ended							Three Months Ended
(unaudited)	9/26/26				Pct.*			9/27/25				Pct. *
Net sales	$	561,722			100.0			$	543,736			100.0
Cost of goods sold		340,124			60.6				302,309			55.6
Gross profit		221,598			39.4				241,427			44.4
Selling, general, and administrative expenses		138,660			24.7				135,677			25.0
Income from operations		82,938			14.8				105,750			19.4
Interest expense		8,016			1.4				7,235			1.3
Interest income		776			0.1				28			0.0
Other income, net		1,652			0.3				1,385			0.3
Income before income taxes		77,350			13.8				99,928			18.4
Provision for income taxes		18,175			3.2				23,508			4.3
Net income	$	59,175			10.5			$	76,420			14.1
Diluted earnings per share	$	1.98						$	2.48
Weighted average diluted shares outstanding		29,860							30,782
	Nine Months Ended							Nine Months Ended
(unaudited)	9/26/26				Pct.*			9/27/25				Pct. *
Net sales	$	1,635,090			100.0			$	1,592,387			100.0
Cost of goods sold		972,112			59.5				923,739			58.0
Gross profit		662,978			40.5				668,648			42.0
Selling, general, and administrative expenses		405,040			24.8				400,343			25.1
Income from operations		257,938			15.8				268,305			16.8
Interest expense		20,685			1.3				21,862			1.4
Interest income		1,327			0.1				115			0.0
Other income, net		10,475			0.6				4,290			0.3
Income before income taxes		249,055			15.2				250,848			15.8
Provision for income taxes		58,558			3.6				58,214			3.7
Net income	$	190,497			11.7			$	192,634			12.1
Diluted earnings per share	$	6.33						$	6.26
Weighted average diluted shares outstanding		30,088							30,757

* Percentage of sales. Data may not add due to rounding.

DORMAN PRODUCTS, INC. Consolidated Balance Sheets (in thousands, except share data)
(unaudited)	9/26/26				12/31/25
Assets
Current assets:
Cash and cash equivalents	$	167,005			$	49,436
Accounts receivable, less allowance for doubtful accounts of $1,993 and $1,948		628,402				479,252
Inventories		787,358				959,019
Prepaids and other current assets		40,661				33,819
Total current assets		1,623,426				1,521,526
Property, plant, and equipment, net		165,365				168,777
Operating lease right-of-use assets		99,938				112,805
Goodwill		387,334				387,334
Intangible assets, net		241,367				257,079
Other assets		41,414				45,557
Total assets	$	2,558,844			$	2,493,078
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable	$	180,169			$	185,125
Accrued compensation		26,182				30,756
Accrued customer rebates and returns		182,560				197,398
Current portion of long-term debt		—				37,500
Other accrued liabilities		55,659				42,048
Total current liabilities		444,570				492,827
Long-term debt		440,717				402,413
Long-term operating lease liabilities		82,685				96,568
Deferred tax liabilities		4,215				3,977
Other long-term liabilities		21,709				20,218
Commitments and contingencies
Shareholders’ equity:
Common stock, $0.01 par value; 50,000,000 shares authorized; 29,574,883 and 30,391,955 shares issued and outstanding in 2026 and 2025, respectively		296				304
Additional paid-in capital		148,857				137,109
Retained earnings		1,420,768				1,344,183
Accumulated other comprehensive loss		(4,973	)			(4,521	)
Total shareholders’ equity		1,564,948				1,477,075
Total liabilities and shareholders’ equity	$	2,558,844			$	2,493,078

Selected Cash Flow Information (unaudited):
	Three Months Ended								Nine Months Ended
(in thousands)	9/26/26				9/27/25				9/26/26				9/27/25
Cash provided by operating activities	$	64,566			$	12,205			$	260,947			$	71,990
Depreciation and amortization	$	13,765			$	14,036			$	41,672			$	41,798
Capital expenditures	$	7,683			$	10,383			$	25,208			$	29,818

DORMAN PRODUCTS, INC. Non-GAAP Financial Measures (in thousands, except per-share amounts)

Our financial results include certain financial measures not derived in accordance with generally accepted accounting principles (GAAP). Non-GAAP financial measures should not be used as a substitute for GAAP measures, or considered in isolation, for the purpose of analyzing our operating performance, financial position or cash flows. Additionally, these non-GAAP measures may not be comparable to similarly titled measures reported by other companies. However, we have presented these non-GAAP financial measures because we believe this presentation, when reconciled to the corresponding GAAP measure, provides useful information to investors by offering additional ways of viewing our results, profitability trends, and underlying growth relative to prior and future periods and to our peers. Management uses these non-GAAP financial measures in making financial, operating, and planning decisions and in evaluating our performance. Non-GAAP financial measures may reflect adjustments for charges such as fair value adjustments, amortization, transaction costs, severance, accelerated depreciation, and other similar expenses related to acquisitions as well as other items that we believe are not related to our ongoing performance.

Adjusted Net Income:
	Three Months Ended								Nine Months Ended
(unaudited)	9/26/26				9/27/25				9/26/26				9/27/25
Net income (GAAP)	$	59,175			$	76,420			$	190,497			$	192,634
Pretax acquisition-related intangible assets amortization [1]		5,069				5,442				15,416				16,319
Pretax acquisition-related transaction and other costs [2]		(55	)			286				420				1,119
Pretax facility consolidation costs [3]		826				—				826				—
Pretax bargain purchase gain [4]		(1,457	)			—				(1,457	)			—
Pretax write-off of capitalized debt issuance costs [5]		—				—				802				—
Pretax reduction in workforce costs [6]		—				—				—				147
Tax adjustment (related to above items) [7]		(1,393	)			(1,391	)			(4,147	)			(4,268	)
Adjusted net income (Non-GAAP)	$	62,165			$	80,757			$	202,357			$	205,951
Diluted earnings per share (GAAP)	$	1.98			$	2.48			$	6.33			$	6.26
Pretax acquisition-related intangible assets amortization [1]		0.17				0.18				0.51				0.53
Pretax acquisition-related transaction and other costs [2]		(0.00	)			0.01				0.01				0.04
Pretax facility consolidation costs [3]		0.03				—				0.03				—
Pretax bargain purchase gain [4]		(0.05	)			—				(0.05	)			—
Pretax write-off of capitalized debt issuance costs [5]		—				—				0.03				—
Pretax reduction in workforce costs [6]		—				—				—				0.00
Tax adjustment (related to above items) [7]		(0.05	)			(0.05	)			(0.14	)			(0.14	)
Adjusted diluted earnings per share (Non-GAAP)*	$	2.08			$	2.62			$	6.73			$	6.70
Weighted average diluted shares outstanding		29,860				30,782				30,088				30,757

* Amounts may not add due to rounding.
See accompanying notes at the end of this supplemental schedule.

Adjusted Gross Profit:
	Three Months Ended							Three Months Ended
(unaudited)	9/26/26				Pct.**			9/27/25				Pct.**
Gross profit (GAAP)	$	221,598			39.4			$	241,427			44.4
Pretax acquisition-related transaction and other costs [2]		(408	)		(0.1	)			—			—
Adjusted gross profit (Non-GAAP)	$	221,190			39.4			$	241,427			44.4
Net sales	$	561,722						$	543,736
	Nine Months Ended							Nine Months Ended
(unaudited)	9/26/26				Pct.**			9/27/25				Pct.**
Gross profit (GAAP)	$	662,978			40.5			$	668,648			42.0
Pretax acquisition-related transaction and other costs [2]		(408	)		(0.0	)			—			—
Adjusted gross profit (Non-GAAP)	$	662,570			40.5			$	668,648			42.0
Net sales	$	1,635,090						$	1,592,387

Adjusted SG&A Expenses:
	Three Months Ended							Three Months Ended
(unaudited)	9/26/26				Pct.**			9/27/25				Pct.**
SG&A expenses (GAAP)	$	138,660			24.7			$	135,677			25.0
Pretax acquisition-related intangible assets amortization [1]		(5,069	)		(0.9	)			(5,442	)		(1.0	)
Pretax acquisition-related transaction and other costs [2]		(353	)		(0.1	)			(286	)		(0.1	)
Pretax facility consolidation costs [3]		(826	)		(0.1	)			—			—
Adjusted SG&A expenses (Non-GAAP)	$	132,412			23.6			$	129,949			23.9
Net sales	$	561,722						$	543,736
	Nine Months Ended							Nine Months Ended
(unaudited)	9/26/26				Pct.**			9/27/25				Pct.**
SG&A expenses (GAAP)	$	405,040			24.8			$	400,343			25.1
Pretax acquisition-related intangible assets amortization [1]		(15,416	)		(0.9	)			(16,319	)		(1.0	)
Pretax acquisition-related transaction and other costs [2]		(828	)		(0.1	)			(1,119	)		(0.1	)
Pretax facility consolidation costs [3]		(826	)		(0.1	)			—			—
Pretax reduction in workforce costs [6]		—			—				(147	)		(0.0	)
Adjusted SG&A expenses (Non-GAAP)	$	387,970			23.7			$	382,758			24.0
Net sales	$	1,635,090						$	1,592,387

Adjusted Other Income, Net:
	Three Months Ended							Three Months Ended
(unaudited)	9/26/26				Pct.**			9/27/25				Pct.**
Other income, net (GAAP)	$	1,652			0.3			$	1,385			0.3
Pretax bargain purchase gain [4]		(1,457	)		(0.3	)			—			—
Adjusted other income, net (Non-GAAP)	$	195			0.0			$	1,385			0.3
Net sales	$	561,722						$	543,736
	Nine Months Ended							Nine Months Ended
(unaudited)	9/26/26				Pct.**			9/27/25				Pct.**
Other income, net (GAAP)	$	10,475			0.6			$	4,290			0.3
Pretax bargain purchase gain [4]		(1,457	)		(0.1	)			—			—
Pretax write-off of capitalized debt issuance costs [5]		802			0.0				—			—
Adjusted other income, net (Non-GAAP)	$	9,820			0.6			$	4,290			0.3
Net sales	$	1,635,090						$	1,592,387

* *Percentage of sales. Data may not add due to rounding.

[1] – Pretax acquisition-related intangible asset amortization results from allocating the purchase price of an acquisition to the acquired tangible and intangible assets of the acquired business and recognizing the cost of the intangible asset over the period of benefit. Such costs were $5.1 million pretax (or $3.9 million after tax) and $15.4 million pretax (or $11.8 million after tax) during the three and nine months ended September 26, 2026, respectively. Such costs were $5.4 million pretax (or $4.1 million after tax) and $16.3 million pretax (or $12.3 million after tax) during the three and nine months ended September 27, 2025, respectively.

[2] – Pretax acquisition-related transaction and other costs include costs incurred to complete and integrate acquisitions and inventory fair value adjustments. During the three and nine months ended September 26, 2026, we incurred benefits included in cost of goods sold for acquisition-related reserve releases, net of inventory fair value adjustments of $0.4 million pretax (or $0.3 million after tax). During the three and nine months ended September 26, 2026, we incurred charges included in selling, general, and administrative expenses to complete and integrate acquisitions of $0.4 million pretax (or $0.3 million after tax) and $0.8 million pretax (or $0.6 million after tax), respectively.

Pretax acquisition-related transaction and other costs include costs incurred to complete and integrate acquisitions included in selling, general, and administrative expenses totaled $0.3 million pretax (or $0.2 million after tax) and $1.1 million pretax (or $0.8 million after tax), during the three and nine months ended September 27, 2025, respectively.

[3] – Pretax facility consolidation expenses represent costs incurred in connection with our planned facility consolidations and relocations. During the three and nine months ended September 26, 2026, such costs were $0.8 million pretax (or $0.6 million after tax).

[4] – Pretax bargain purchase gain resulted from the excess fair value of assets acquired in a business combination over the purchase price and was $1.5 million pretax (or $1.5 million after tax) during the three and nine months ended September 26, 2026, and was included in other income, net.

[5] – Pretax write-off of capitalized debt issuance costs totaled $0.8 million (or $0.6 million after tax) during the nine months ended September 26, 2026. These write-offs are associated with retirement of our term loan debt and the modification of our revolving credit facility.

[6] – Pretax reduction in workforce costs represents costs incurred in connection with our planned workforce reduction, including insurance continuation costs. During the nine months ended September 27, 2025, the expenses were $0.1 million pretax (or $0.1 million after tax).

[7] – Tax adjustments represent the aggregate tax effect of all non-GAAP adjustments reflected in the table above and totaled $(1.4) million and $(4.1) million during the three and nine months ended September 26, 2026, respectively, and $(1.4) million and $(4.3) million during the three and nine months ended September 27, 2025, respectively. Such items are estimated by applying our statutory tax rate to the pretax amount, or an actual tax amount for discrete items.

2026 Guidance:

The Company updates the following guidance ranges related to its full year 2026 outlook:

	Year Ending 12/31/2026
(unaudited)	Low End				High End
Diluted earnings per share (GAAP)	$	7.95			$	8.15
Pretax acquisition-related intangible assets amortization		0.68				0.68
Pretax acquisition-related transaction and other costs		0.04				0.04
Pretax facility consolidation costs		0.03				0.03
Pretax bargain purchase gain		(0.05	)			(0.05	)
Pretax write-off of capitalized debt issuance costs		0.03				0.03
Tax adjustment (related to above items)		(0.18	)			(0.18	)
Adjusted diluted earnings per share (Non-GAAP)	$	8.50			$	8.70
Weighted average diluted shares outstanding		30,000				30,000