Author: Ravi Shankar

REYNOLDSBURG, Ohio, Nov. 12, 2026 (GLOBE NEWSWIRE) — In conjunction with the Victoria’s Secret & Co. (NYSE: VSXY) third quarter 2026 earnings release, you are invited to listen to a live webcast of the conference call on Thursday, December 3^rd at 8:30 a.m. ET with Victoria’s Secret & Co. executives. The earnings release and related financial information detailing the company’s third quarter results are expected to be issued approximately one hour prior to the start of the live webcast. The earnings release and related financial information will be available on our website at victoriassecretandco.com/investors.

What:	Victoria’s Secret & Co. Third Quarter 2026 Earnings Conference Call Webcast
When:	8:30 a.m. ET on Thursday, December 3rd, 2026
How:	Log on: https://www.victoriassecretandco.com/investors/financial-information/events-and-presentations Dial-In:
	Domestic Dial-In Number: 800.619.9066 (Passcode 5358727) Domestic Replay Number: 800.839.2204 (Passcode 2485654) International Dial-In Number: 212.519.0836 (Passcode 5358727) International Replay Number: 203.369.3032 (Passcode 2485654)

If you are unable to participate during the live webcast, the call will also be archived on our website here.

About Victoria’s Secret & Co.
Victoria’s Secret & Co. (NYSE: VSXY) is a specialty retailer of modern, fashion-inspired collections including signature bras, panties, lingerie, sleepwear, apparel, sport and swim as well as award-winning prestige fragrances and body care. VS&Co is comprised of market leading brands, Victoria’s Secret and PINK, that strive to inspire confidence, spark joy and celebrate sexy. Additionally, Adore Me, our digital intimates brand, serves women across budgets and lifestyles. We are committed to empowering our more than 30,000 associates across a global footprint of approximately 1,430 retail stores in approximately 70 countries.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

We caution that any forward-looking statements (as such term is defined in the U.S. Private Securities Litigation Reform Act of 1995) contained in this press release or made by us, our management, or our spokespeople involve risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. Accordingly, our future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements, and any future performance or financial results expressed or implied by such forward-looking statements are not guarantees of future performance. Forward-looking statements include, without limitation, statements regarding our future operating results, the implementation and impact of our strategic plans, and our goals, intentions, beliefs and expectations. Words such as “estimate,” “commit,” “will,” “target,” “forecast,” “goal,” “project,” “plan,” “believe,” “seek,” “strive,” “expect,” “anticipate,” “intend,” “continue,” “potential” or the negative of these words and any similar expressions are intended to identify forward-looking statements. Risks associated with the following factors, among others, could affect our results of operations and financial performance and cause actual results to differ materially from those expressed or implied in any forward-looking statements:

• general economic conditions, inflation, and changes in consumer confidence and consumer spending patterns;
• market disruptions including pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises or other major events, or the prospect of these events;
• uncertainty in the global trade environment, including the imposition or threatened imposition of tariffs or other trade policies;
• our ability to successfully implement our strategic plan;
• difficulties arising from changes and turnover in company leadership or other key positions;
• our ability to attract, develop and retain qualified associates and manage labor-related costs;
• our dependence on traffic to our stores and the availability of suitable store locations on satisfactory terms;
• our ability to successfully operate and expand internationally and related risks;
• the operations and performance of our franchisees, licensees, wholesalers and joint venture partners;
• our ability to successfully operate and grow our direct channel business;
• our ability to protect our reputation and the image and value of our brands;
• our ability to attract customers with marketing, advertising and promotional programs;
• the highly competitive nature of the retail industry and the segments in which we operate;
• consumer acceptance of our products and our ability to manage the life cycle of our brands, remain current with fashion trends, and develop and launch new merchandise and product lines successfully;
• our ability to integrate acquired businesses and realize the benefits and synergies sought with such acquisitions;
• our ability to incorporate artificial intelligence and other emerging technologies into our business operations successfully and ethically while effectively managing the associated risks;
• our ability to source materials and produce, distribute and sell merchandise on a global basis, including risks related to:
  • political instability and geopolitical conflicts;
  • environmental hazards and natural disasters;
  • significant health hazards and pandemics;
  • delays or disruptions in shipping and transportation and related pricing impacts;
  • foreign currency exchange rate fluctuations; and
  • disruption due to labor disputes;
• our geographic concentration of production and distribution facilities in Southeast Asia and central Ohio;
• the ability of our vendors to manufacture and deliver products in a timely manner, meet quality standards and comply with applicable laws and regulations;
• fluctuations in freight, product input and energy costs;
• our and our third-party service providers’ ability to implement and maintain information technology systems and to protect associated data and system availability;
• our ability to maintain the security and privacy of customer, associate, third-party and company information;
• stock price volatility;
• shareholder activism matters;
• our ability to maintain our credit ratings;
• our ability to comply with legal and regulatory requirements; and
• legal, tax, trade and other regulatory matters.

All forward-looking statements are made only as of the date of this press release. Except as may be required by law, we assume no obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events, even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized. Additional information regarding these and other factors can be found in “Item 1A. Risk Factors” in our 2025 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 20, 2026.

For further information, please contact:

Victoria’s Secret & Co.:
Investor Relations:	Media Relations:
investorrelations@victoria.com	Brooke Wilson
	communications@victoria.com

Teams — including people from other companies — can now work with AI together, live, on the 7.6-inch inner display of iPhone Duo, with enterprise IT still in control

RESEARCH TRIANGLE PARK, N.C., Nov. 12, 2026 (GLOBE NEWSWIRE) — Data443 Risk Mitigation, Inc. (OTCPK: ATDS) (“Data443” or the “Company”), a data security and privacy software company for “All Things Data Security,” today announced that Convaa.ai^™, its enterprise AI collaboration platform, is available on the App Store and works with iPhone Duo, the new foldable smartphone from Apple – https://apps.apple.com/us/app/convaa/id6800058269 – version 1.5.0 .

Convaa.ai^™ brings people together with AI — employees and the partners, suppliers and customers they work with — in live sessions where several people prompt, review and refine AI work at the same time. The enterprise decides who participates, which models are used, and what data those models can reach. All model run locally in the enterprise, using native enterprise compute. All sessions are protected by Vaikora(tm).

Convaa.ai^™ on iPhone Duo

• Room to work together — on the 7.6-inch inner display, [the live AI session and the team conversation appear side by side, so participants can follow both without switching screens.
• Quick check-ins — on the 5.4-inch outer display, users can follow session activity and respond without unfolding the device.
• The same controls — enterprise IT governs who joins, which models are used and what data those models can reach, on iPhone Duo as on the web.

Key facts

• 70+ — countries and regions where iPhone Duo became available at launch on October 23, 2026, with 28 more beginning October 30, according to Apple.
• 50% — how much larger the 7.6-inch inner display of iPhone Duo is than the display of iPhone 18 Pro Max, according to Apple.
• Collaboration on the fold — in announcing iPhone Duo, Apple cited Zoom and Slack among the third-party apps already taking advantage of the folding design.
• 10,000+ — Data443 customers in more than 100 countries. Convaa.ai™ is built on the same data classification, discovery and policy foundation.

Availability

Convaa.ai^™ for iPhone is available on the App Store at https://apps.apple.com/us/app/convaa/id6800058269 and works with iPhone Duo. Convaa.ai^™ is also available on the web at https://convaa.ai. Video and audio capabilities are expected to be released shortly.

“More of the work people do with AI happens on the phone than anyone plans for, and it is rarely done alone,” said Jason Remillard, Chief Executive Officer and Founder of Data443. “iPhone Duo puts a screen in people’s pockets big enough for a team to work through a live AI session together. We moved quickly to bring Convaa.ai^™ to it, with the same IT controls enterprises rely on everywhere else.”

About Data443 Risk Mitigation, Inc.

Data443 Risk Mitigation, Inc. (OTCPK: ATDS) provides software and services to enable secure data across devices and databases, both at rest and in transit, locally, on a network, or in the cloud. We are All Things Data Security^™. With over 10,000 customers in more than 100 countries, Data443 offers a modern approach to data governance and security by identifying and protecting all sensitive data, regardless of location, platform, or format. Data443’s framework helps customers prioritize risk, identify security gaps, and implement effective data protection and privacy management strategies. Data443 is headquartered in Research Triangle Park, North Carolina. For more information, visit https://data443.com.

Contacts

Investor Relations
Matthew Abenante
ir@data443.com
Follow us on LinkedIn: https://www.linkedin.com/company/data443-risk-mitigation-inc/
Sign up for our Investor Newsletter: https://data443.com/investor-email-alerts/

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include all statements other than statements of historical fact, including statements regarding the anticipated capabilities, performance, availability, deployment, cost characteristics, customer adoption and commercial reception of Convaa.ai^™; the availability, performance and adoption of Convaa.ai™ on iPhone Duo and other mobile devices; the expected timing, capabilities and release of the video and audio features of Convaa.ai™; the ability of Convaa.ai™ to operate on customer-owned infrastructure, use local inference and reduce the need for other collaboration tools; trends in enterprise adoption of artificial intelligence; the competitive landscape for AI collaboration products; and the Company’s plans for its artificial intelligence product portfolio. Words such as “anticipate,” “believe,” “continue,” “could,” “designed to,” “expect,” “intend,” “may,” “plan,” “potential,” “seek,” “should,” “will,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements are based on management’s current expectations and assumptions, are not guarantees of future performance, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, among others: the Company’s history of losses, limited cash resources, need for additional financing and any substantial doubt about its ability to continue as a going concern; the early stage of commercial adoption of the Company’s artificial intelligence products and the possibility that Convaa.ai™ does not achieve market acceptance; the possibility that Convaa.ai^™ does not perform as designed, including in customer-managed environments, does not deliver anticipated cost savings, or contains defects or vulnerabilities; the possibility that video and audio capabilities are delayed, changed or not released; the Company’s dependence on third-party artificial intelligence models, including commercial and open-source models, and on customer infrastructure, whose availability, performance and terms may change; the Company’s dependence on third-party platforms, including the App Store, whose review processes, policies and terms may change; the possibility that competitors, including larger and better-capitalized companies, introduce or reintroduce comparable capabilities; rapid technological change and intense competition; the evolving legal and regulatory treatment of artificial intelligence, data privacy and cybersecurity; the Company’s ability to integrate acquired assets and technologies; the Company’s ability to protect its intellectual property; cybersecurity incidents affecting the Company or its customers; the Company’s dependence on key personnel; risks relating to the limited trading market for, and volatility of, the Company’s common stock, which may be considered a “penny stock,” and potential dilution from future financings; risks relating to the Company’s pending strategic transactions, including that they may not be completed on the anticipated terms or timeline or at all; and the other risks described under “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and its subsequent Quarterly Reports on Form 10-Q and other reports filed with the Securities and Exchange Commission, available at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

“DATA443,” “All Things Data Security” and “Convaa.ai” are trademarks of Data443 Risk Mitigation, Inc. Apple, iPhone and App Store are trademarks of Apple Inc., registered in the U.S. and other countries and regions; iPhone Duo is a trademark of Apple Inc. Zoom is a trademark of Zoom Communications, Inc.; Slack is a trademark of Slack Technologies, LLC. All other product names, trademarks and registered trademarks are the property of their respective owners. Use of these names, trademarks and brands does not imply endorsement, sponsorship or affiliation.

Attachment

• Data443 Risk Mitigation, Inc.

DUBLIN and SHANGHAI, Nov. 12, 2026 (GLOBE NEWSWIRE) — PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD) today announced that it will report its unaudited financial results for the third quarter ended September 30, 2026, before U.S. markets open on Thursday, November 19, 2026.

The Company’s management will hold an earnings conference call at 7:30 AM ET on November 19, 2026 (12:30 PM GMT and 8:30 PM HKT on the same day).

The conference call will be webcast live at https://investor.pddholdings.com/investor-events. The webcast will be available for replay at the same website following the conclusion of the call.

About PDD Holdings:
PDD Holdings is a multinational commerce group that owns and operates a portfolio of businesses. PDD Holdings aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities.

CONTACT: For investor and media inquiries, please contact us at:
investor@pddholdings.com
media@pddholdings.com

Survey of enterprise AI leaders identifies fragmented accountability, unpredictable costs and governance gaps as major barriers to AI returns

SAN ANTONIO and BOSTON, Nov. 12, 2026 (GLOBE NEWSWIRE) — Enterprises are investing heavily in artificial intelligence, but most have yet to realize the returns they expected. New research from HFS Research, conducted in collaboration with Rackspace, finds that only 33% of enterprises have met or exceeded the business case for their most significant AI program, while 96% report significant governance gaps. The study of 502 senior AI decision makers points to a central obstacle: fragmented accountability for how AI performs, what it costs, and how it is controlled once deployed.

The report, “Run Your AI as One, or Keep Paying for Parts That Never Add Up,” finds that the challenge intensifies as organizations expand AI across multiple business functions. Companies have invested in models, platforms, infrastructure, and services, but too often no one is responsible for running the pieces as one system.

Key findings from the study include:

• 33% have met or exceeded their AI business case. The share falls to 28% among enterprises deploying AI across several functions.
• 96% report significant governance gaps, while 78% view governance failures as a bigger threat to scaling AI than technology failures.
• 44% have no single, consistent approach to running AI in production.
• 61% prefer one accountable partner across AI models, platforms, and infrastructure, rising to 74% among production-stage firms whose programs have not delivered.
• 73% would pay a premium over raw infrastructure for a fully managed AI service with governance accountability.

“Enterprise AI has an accountability problem that nobody in the industry wants to admit,” said Phil Fersht, Founder and CEO of HFS Research. “We’ve built an enormous ecosystem of companies selling models, platforms, infrastructure and consulting, yet when the promised results don’t materialize, everyone points at someone else and the enterprise is left trying to make the pieces work together. Only a third of enterprises have met the business case for their most significant AI program, which should force us to confront how addicted we’ve become to selling AI rather than taking responsibility for making it work. We have no shortage of technology or talent, but we are missing people and partners willing to take ownership of how the whole system operates once it goes live and whether it actually delivers what the business needs. Until that accountability exists, enterprises will keep paying for parts that never add up to the outcomes they were promised.”

AI business-case achievement varies by deployment stage
The study finds that the share of enterprises meeting or exceeding their AI business case varies by deployment stage. Among enterprises deploying AI in one function, 37% have met or exceeded their business case, compared with 28% among those deploying across several functions. Among organizations with AI embedded in standard operations, 56% have met or exceeded their business case. These figures describe different groups and do not establish that operating maturity causes stronger returns.

Most reported gains remain concentrated in efficiency: 58% cite workforce productivity improvements and 42% measurable cost reductions, compared with 28% reporting better customer experience and 21% measurable revenue growth.

HFS calls for an accountable AI operator
To close the gap, HFS calls for a Services-as-Software™ (SaS) Operator: an internal team, group of existing providers under one remit, or managed services partner accountable for the day-to-day performance, economics, and governance of AI once it is live. The operator coordinates the technology and partners already in place while the enterprise retains its business context, policy, decision rights, and legal accountability.

“Turning AI investment into measurable business value requires clear operational accountability,” said Gajen Kandiah, CEO, Rackspace. “As enterprises move from pilots into production, infrastructure readiness, security, governance and cost have to be managed together. Customers need an operator accountable for integrating, running and continuously improving the environment across infrastructure, applications, data and AI. They should retain control of their data and technology choices, with clear measures of performance and cost, and deployments paced to their business needs.”

The research also points to demand for a new operating model: 63% of respondents recognize the proposed operator role as meaningfully different from what they buy today, while 73% say they would pay a premium over raw infrastructure for a fully managed AI service with governance accountability. However, providers must demonstrate clear operational responsibilities and measurable outcomes to earn that premium.

Read the full report: “Run Your AI as One, or Keep Paying for Parts That Never Add Up”

About the research
HFS Research surveyed 502 senior enterprise AI decision-makers between August and September 2026 in partnership with Rackspace. Respondents worked at enterprises with at least $100 million in annual revenue across eight industries and four regions. All were running AI pilots or more advanced programs; 83% were operating AI in production or beyond. The blind survey did not name any vendor, platform, or provider. Findings describe AI-active enterprises, not market-wide AI adoption.

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 HFS Research
HFS Research is a global research and advisory firm. We work with Fortune 500 and Global 2000 companies seeking meaningful business transformation, and with the service providers, software companies, and investors that serve them. We exist to close the gap between technology spend and the real business outcomes that make it a lasting investment. We are known for identifying and naming the shifts reshaping business and taking clear positions on what they mean. We have no outside investors to keep happy, and companies cannot pay to influence our research or ratings. For more information, visit www.hfsresearch.com.

Media Contacts

HFS Research
Aubrey Halverson
aubrey.halverson@hfsresearch.com

Rackspace
Gracie LePere
publicrelations@rackspace.com

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/810b29f9-81ea-4871-8bd3-7bb3def29fff

This conference will connect institutional investors with management teams from more than 50 public and private companies across emerging growth and innovative sectors

NEW YORK, Nov. 12, 2026 (GLOBE NEWSWIRE) — StoneX Group Inc. (NASDAQ: SNEX) (“StoneX”) today announced that it will host its 15th Annual Discovery 1×1 Investor Conference on December 10, 2026, at the New York Athletic Club in New York City.

The conference will bring together institutional investors and management teams from more than 50 public and private companies for one-on-one and small-group meetings. Participating companies represent a broad range of industries, including technology, artificial intelligence, fintech, digital assets, healthcare, energy, industrials, software and consumer sectors.

Through its Corporate Access platform, StoneX facilitates direct dialogue between investors and corporate management teams, providing opportunities for participants to exchange perspectives, build relationships and explore companies across a range of sectors. The event also reflects StoneX’s broader investment banking and capital markets capabilities and its commitment to serving corporate issuers and institutional investors.

Confirmed Participating Companies

StoneX is pleased to announce that the following companies have confirmed their participation in the 15th Annual Discovery 1×1 Investor Conference, scheduled for December 10, 2026, in New York City.

AIB Data Centers Inc. (AIB)
Air Water Ventures Limited (WATR)
Alto Ingredients, Inc. (ALTO)
Beyond Oil Ltd. (BEOLF)
BioStem Technologies, Inc. (BSEM)
BranchOut Food Inc. (BOF)
BTQ Technologies Corp. (BTQ)
Buda Juice, Inc. (BUDA)
CaliberCos Inc. (CWD)
Canaan Inc. (CAN)
CEVA, Inc. (CEVA)
Cineverse Corp. (CNVS)
CoinShares PLC (CSHR)
CTW, Inc. (CTW)
Data I/O Corporation (DAIO)
Deep Fission, Inc. (FISN)
Deep Isolation Nuclear, Inc. (DBHL)
DeFi Development Corp. (DFDV)
DIAS AI (Private)
EVI Industries, Inc. (EVI)
Fast Finance Pay Corp. (FFPP)
FGI Industries Ltd. (FGI)
First Phosphate Corp. (PHOS.CN)
FIRY Inc. (FIRY)
Forum Energy Technologies, Inc. (FET)
Forum Markets, Incorporated (FRMM)
FST Corp. (KBSX)
GEN Restaurant Group, Inc. (GENK)
Gloo Holdings, Inc. (GLOO)
Gorilla Technology Group Inc. (GRRR), i3 Verticals, Inc. (IIIV)
Interlink Electronics, Inc. (LINK)
Marti Technologies, Inc. (MRT)
Micware Co., Ltd. (MWC)
NANO Nuclear Energy Inc. (NNE)
Nephros, Inc. (NEPH)
New Horizon Aircraft Ltd. (HOVR)
Niagen Bioscience, Inc. (NAGE)
Noodles & Company (NDLS)
NuCube Energy, Inc. (Private)
Nutex Health Inc. (NUTX)
OBOOK Holdings Inc. (OWLS)
Odysight.ai Inc. (ODYS)
Ooma, Inc. (OOMA)
Orion Energy Systems, Inc. (OESX)
Prenetics Global Limited (PRE)
QT Imaging Holdings, Inc. (QTI)
Quad/Graphics, Inc. (QUAD)
Rank One Computing Corporation (ROC)
Shenandoah Telecommunications (SHEN)
Super League Enterprise, Inc. (SLE)
Surf Air Mobility Inc. (SRFM)
Teamshares Inc. (TMS)
Terra Innovatum Global N.V. (NKLR)
Tigo Energy, Inc. (TYGO)
VIDA Global Inc. (VIDA)
WildBrain Ltd. (WILD (TSX))

About StoneX Group Inc.

StoneX Group Inc., through its subsidiaries, connects clients around the world to global markets through a broad range of financial services and capabilities. Combining market access and liquidity with digital platforms, global execution and high-touch expertise, StoneX helps commercial, institutional, payments and retail clients manage risk, pursue opportunities and achieve their business and investment objectives. For more information, visit www.stonex.com.

Conference Contact

For more information about the conference, including participation and meeting requests, please contact the StoneX Corporate Access team at CorporateAccess@stonex.com.

Media Contact

For general media inquiries, contact media@stonex.com.

SNEX-G   

PLAINVIEW, N.Y., Nov. 12, 2026 (GLOBE NEWSWIRE) — Veeco Instruments Inc. (NASDAQ: VECO) today announced management is scheduled to participate in the following investor events:

Morgan Stanley European Technology, Media & Telecom (TMT) Conference on Thursday, November 19, 2026, at Hotel Arts in Barcelona, Spain.

UBS 30^th Annual Global Technology and AI Conference on Tuesday, December 1, 2026, at The Phoenician in Scottsdale, AZ.

Wells Fargo 10^th Annual TMT Summit on Tuesday, December 8, 2026, at Terranea Resort in Rancho Palos Verdes, CA.

Barclays 24^th Annual Global Technology Conference on Thursday, December 10, 2026, at Palace Hotel in San Francisco, CA.

About Veeco

Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, metal organic chemical vapor deposition (MOCVD), single wafer etch & clean and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, Veeco holds leading technology positions in the markets we serve. To learn more about Veeco’s systems and service offerings, visit www.veeco.com.

To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management’s Discussion and Analysis sections of Veeco’s Annual Report on Form 10-K for the year ended December 31, 2025, and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.

Veeco Contacts: 
Investor Relations: Alex Delacroix | (516) 528 1020 | adelacroix@veeco.com
Media: Brenden Wright | (410) 984-2610 | bwright@veeco.com

Website Features NexBoard Test Results and Adds Comprehensive Comparative Data for the Most Common Building Panel Options

BOCA RATON, Fla., Nov. 12, 2026 (GLOBE NEWSWIRE) — Xeriant, Inc. (OTCQB: XERI), a company dedicated to the discovery, development, and commercialization of transformative technologies, today announced the launch of its new corporate website at www.xeriant.com.

The Company’s authoritative website establishes a compelling online presence, with efficient navigation features and a clear and concise presentation of Xeriant’s business, highlighting the DUREVER advanced materials and products portfolio, which includes NexBoard, NexPatch™ and Durazite™, Xeriant’s core fire-retardant technology. Also featured is Factor X Research Group (“Factor X”), Xeriant’s research and innovation platform.

A section of the website is dedicated to NexBoard’s third-party test results and includes an interactive function enabling performance comparisons with drywall, magnesium oxide (MgO) board, oriented strand board (OSB), medium-density fiberboard (MDF), and plywood. The section highlights NexBoard’s exceptional performance across multiple criteria when compared with these traditional materials.

NexBoard is Xeriant’s eco-friendly composite construction panel manufactured from recycled plastic and fiber waste that incorporates the Company’s proprietary Durazite fire-retardant technology. Extensive testing supports NexBoard becoming a universal construction panel with potential applications beyond interior walls and ceilings to include exterior sheathing, roofing underlayment, subflooring, and other uses. NexPatch is a complementary fire-resistant joint compound designed to work with NexBoard as part of a broader fire-resistant panel system.

Created and led by Brigadier General (Ret.) Blaine D. Holt, Factor X focuses on identifying and bringing to market ground-breaking technologies accelerated through a virtual network of world-class scientists with multiple disciplines working together. Through Factor X, the Company seeks to pursue opportunities involving strategic partnerships, licensing arrangements, joint ventures, acquisitions, and other commercialization pathways.

“Our new website is focused on Xeriant’s initiatives and provides more details about our revolutionary products and technology, including their superior technical performance data,” said Keith Duffy, CEO of Xeriant. “Factor X is our novel ecosystem for identifying and developing additional transformative technologies. Our goal is to make this powerful information more accessible to customers, industry partners, and investors.”

Visitors can explore the our website at www.xeriant.com.

About Xeriant, Inc.

Xeriant, Inc. is dedicated to the discovery, development, and commercialization of transformative technologies, with a focus on advanced materials that can be successfully integrated and deployed across multiple industrial sectors. The Company’s advanced materials line is marketed under the DUREVER™ brand and includes NexBoard®, an eco-friendly composite construction panel made from recycled plastic and fiber waste, and NexPatch™, its companion fire-resistant joint compound.

For more information, visit www.xeriant.com.

SAFE HARBOR / FORWARD-LOOKING STATEMENTS

In connection with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Xeriant, Inc. hereby provides cautionary statements identifying important factors that could cause actual results to differ materially from those projected in forward-looking statements. Any statements that are not historical facts and that express or involve discussions about expectations, beliefs, plans, objectives, assumptions or future events or performance may be forward-looking and may involve estimates and uncertainties that could cause actual results to differ materially from those expressed. These statements include, but are not limited to, expectations concerning completion of the current production campaign, product performance following lightweighting, sample fulfillment, customer evaluations, and commercialization progress.

We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements, and investors should not place undue reliance on such statements. Any forward-looking statement speaks only as of the date it is made, and the company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date.

This press release does not constitute an offer of any securities for sale.

Xeriant, Inc.
Investor Relations Department
(561) 491-9595
IR@xeriant.com
www.xeriant.com

Board Declares Quarterly Dividend of $0.25 per Share

PHILADELPHIA and NEW YORK, Nov. 12, 2026 (GLOBE NEWSWIRE) — Cohen & Company Inc. (NYSE American: COHN) (“Cohen & Company” or the “Company”) today reported financial results for its third quarter ended September 30, 2026. In a separate release, the Company also announced today that Daniel G. Cohen, Executive Chairman of the Board, has been appointed Chief Executive Officer.

Daniel G. Cohen, Executive Chairman and Chief Executive Officer of Cohen & Company, said, “We are encouraged by the continued strong performance in our full-service boutique investment bank, Cohen & Company Capital Markets (“CCM”), and in our gestation repo business. During the third quarter, CCM underwrote six SPAC IPOs and one closed-end fund, raising $1.8 billion for clients, and advised on and raised capital for eight de-SPAC transactions, exemplifying its status as a leading SPAC advisor on Wall Street. Additionally, our gestation repo book grew to an all-time high of $4.5 billion during the quarter, illustrating the strength of our mortgage business. While third quarter results were unfavorably impacted by more than $17 million of mark-to-market adjustments in our investment banking and new issue revenue line, in large part due to the environment in our businesses, we still generated $6.9 million of enterprise net income and $648,000 of adjusted pre-tax income. We are focused on consistent production through the end of the year and positioning ourselves to enter 2027 with a strong pipeline. We continue to believe in our future earnings potential and are committed to driving long-term value for our stockholders, including through our quarterly dividend. We have generated $1.47 of fully diluted net income per share year to date and are confident in our future value creation potential.” 

Summary Operating Results

	Three Months Ended												Nine Months Ended
($ in thousands)	9/30/26				6/30/26				9/30/25				9/30/26				9/30/25
Investment banking and new issue	$	12,714			$	54,059			$	68,607			$	112,484			$	132,904
Net trading		12,508				13,888				13,560				39,596				33,528
Asset management		1,681				1,837				1,948				5,937				6,136
Principal transactions and other revenue		5,538				(297	)			98				1,813				256
Total revenues		32,441				69,487				84,213				159,830				172,824
Compensation and benefits		21,143				48,185				53,684				110,635				119,673
Non-compensation operating expenses		8,668				8,893				8,769				29,023				23,789
Operating income (loss)		2,630				12,409				21,760				20,172				29,362
Interest expense, net		(1,355	)			(1,311	)			(1,472	)			(4,001	)			(4,416	)
Gain on sale of management contracts		–				–				1,897				–				2,734
Income (loss) from equity method affiliates		(1,251	)			(3,038	)			(12,663	)			(4,816	)			(11,682	)
Income (loss) before income tax expense (benefit)		24				8,060				9,522				11,355				15,998
Income tax expense (benefit)		(6,264	)			141				733				(6,305	)			1,643
Net income (loss)		6,288				7,919				8,789				17,660				14,355
Less: Net income (loss) attributable to the non-convertible non-controlling interest		(624	)			(2,058	)			(6,853	)			(3,400	)			(7,167	)
Enterprise net income (loss)		6,912				9,977				15,642				21,060				21,522
Less: Net income (loss) attributable to the convertible non-controlling interest		212				6,403				11,049				9,294				15,192
Net income (loss) attributable to Cohen & Company Inc.	$	6,700			$	3,574			$	4,593			$	11,766			$	6,330
Fully diluted net income (loss) per share	$	0.12			$	0.94			$	2.58			$	1.47			$	3.61
Adjusted pre-tax income (loss) (1)	$	648			$	10,118			$	16,375			$	14,755			$	23,165
Fully diluted adjusted pre-tax income (loss) per share (1)	$	0.10			$	1.62			$	2.71			$	2.36			$	3.90

(1) Adjusted pre-tax income (loss) and adjusted pre-tax income (loss) per share are not measures recognized under U.S. generally accepted accounting principles (“GAAP”). See Note 1 below.

Financial Highlights

• Net income attributable to Cohen & Company Inc. was $6.7 million, or $0.12 per diluted share, for the three months ended September 30, 2026, compared to $3.6 million, or $0.94 per diluted share, for the three months ended June 30, 2026, and $4.6 million, or $2.58 per diluted share, for the three months ended September 30, 2025. Adjusted pre-tax income was $0.6 million, or $0.10 per diluted share, for the three months ended September 30, 2026, compared to $10.1 million, or $1.62 per diluted share, for the three months ended June 30, 2026, and $16.4 million, or $2.71 per diluted share, for the three months ended September 30, 2025. Adjusted pre-tax income and adjusted pre-tax income per diluted share are not measures recognized under GAAP. See Note 1 below.
• Revenue was $32.4 million for the three months ended September 30, 2026, compared to $69.5 million for the prior quarter and $84.2 million for the prior year quarter.

• • Investment banking and new issue revenue was $12.7 million for the three months ended September 30, 2026, down $41.3 million from the prior quarter and down $55.9 million from the prior year quarter. CCM, a division of Cohen & Company Securities, LLC, generated substantially all of the investment banking and new issue revenue in the three quarters presented. During the current quarter, there were $17.6 million of mark-to-market losses on financial instruments CCM received as consideration for services provided, compared to $26.0 million of mark-to-market gains in the prior quarter.
  • Net trading revenue was $12.5 million for the three months ended September 30, 2026, down $1.4 million from the prior quarter and down $1.1 million from the prior year quarter. The decrease from both prior quarters reflected lower trading revenue from the Company’s SPAC equity, corporate, agency, and structured notes trading desks, which was partially offset by higher trading revenue from the mortgage group. The gestation repo book of business was $4.5 billion at September 30, 2026.
  • Asset management revenue was $1.7 million for the three months ended September 30, 2026, down $0.2 million from the prior quarter and down $0.3 million from the prior year quarter.
  • Principal transactions and other revenue was positive $5.5 million for the three months ended September 30, 2026, compared to negative $0.3 million in the prior quarter and positive $0.1 million in the prior year quarter. The current quarter revenue was primarily the result of mark-to-market gains on the Company’s position in Silvia, Inc. (Nasdaq: SVIA), formerly ProCap Financial, Inc., which completed a business combination with Columbus Circle Capital Corp I in December 2025.

• Compensation and benefits expense during the three months ended September 30, 2026 decreased by $27.0 million from the prior quarter and decreased by $32.5 million from the prior year quarter. The change from both prior quarters was primarily the result of fluctuations in revenue and the related variable incentive compensation. The number of Company employees was 135 as of September 30, 2026, compared to 129 as of June 30, 2026, and 124 as of September 30, 2025.
• Interest expense during the three months ended September 30, 2026 was $1.4 million, including $1.2 million on our trust preferred securities debt, $94 thousand on our senior promissory notes, and $42 thousand on our bank credit facility.
• Loss from equity method affiliates for the three months ended September 30, 2026 was $1.3 million, compared to a loss of $3.0 million for the prior quarter and loss of $12.7 million for the prior year quarter. The loss in the current quarter was primarily driven by a $0.8 million loss in Columbus Circle Capital Corp III, which had an offsetting credit recorded in the net income (loss) attributable to the non-convertible non-controlling interest line item of $0.6 million, resulting in a net loss of $0.2 million to the Company, as well as a $0.5 million loss on the Company’s Dutch real estate investments.
• Income tax benefit for the three months ended September 30, 2026 was $6.3 million, compared to income tax expense of $0.1 million in the prior quarter, and income tax expense of $0.7 million in the prior year quarter. The current quarter included a $6.5 million deferred tax benefit, partially offset by $0.2 million of current tax expense.  Most of the benefit was a result of the reduction of the valuation allowance against carryforward tax assets. The Company will continue to evaluate its operations on a quarterly basis and may adjust the valuation allowance applied against the Company’s net operating loss and net capital loss tax assets. Future adjustments could be material and may result in additional tax benefit or tax expense.

Total Equity and Dividend Declaration

• As of September 30, 2026, total equity was $119.6 million, compared to $103.1 million as of December 31, 2025; the non-convertible non-controlling interest component of total equity was $2.0 million as of September 30, 2026 and $0.4 million as of December 31, 2025. Thus, the total equity excluding the non-convertible non-controlling interest component was $117.5 million as of September 30, 2026, a $14.9 million increase from $102.6 million as of December 31, 2025.
• The Company’s Board of Directors has declared a quarterly dividend of $0.25 per share, payable on December 14, 2026, to stockholders of record as of November 30, 2026. The Board of Directors will continue to evaluate the dividend policy each quarter, and future decisions regarding dividends may be impacted by quarterly operating results and the Company’s capital needs.

Conference Call

The Company will host a conference call at 10:00 a.m. Eastern Time (ET), today, November 12, 2026, to discuss these results. The conference call will be available via webcast. Interested parties can access the webcast by clicking the webcast link on the Company’s homepage at www.cohenandcompany.com. Those wishing to listen to the conference call with operator assistance can dial (877) 524-8416 (domestic) or +1 (412) 902-1028 (international). A replay of the call will be available for three days following the call by dialing (877) 660-6853 or (201) 612-7415, with participant passcode 13763622.

About Cohen & Company

Cohen & Company is a financial services company specializing in an expanding range of capital markets and asset management services. Cohen & Company’s operating segments are Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment consists of sales, trading, gestation repo financing, new issue placements in corporate and securitized products, underwriting, and advisory services, operating primarily through Cohen & Company’s subsidiaries, Cohen & Company Securities, LLC (“Cohen Securities”) in the United States and Cohen & Company Financial (Europe) S.A. in Europe. A division of Cohen Securities, CCM is the Company’s full-service boutique investment bank providing capital markets and SPAC advisory services to corporations, financial sponsors, investors, and institutions. The Capital Markets business segment also includes investment returns on financial instruments that the Company has received as consideration for investment banking and new issue services provided by CCM. The Asset Management segment manages and services assets through investment funds, managed accounts, joint ventures, and collateralized debt obligations. As of September 30, 2026, the Company had approximately $1.3 billion of assets under management in primarily fixed income assets in a variety of asset classes including European bank and insurance trust preferred securities, debt issued by small and medium sized European, U.S., and Bermudian insurance and reinsurance companies, and servicing commercial real estate loans. The Principal Investing segment is comprised primarily of investments the Company has made for the purpose of earning an investment return rather than investments made to support its trading or other capital markets business activity. For more information, please visit www.cohenandcompany.com.

Note 1: Adjusted pre-tax income (loss) and adjusted pre-tax income (loss) per share are non-GAAP measures of performance. Please see the discussion under “Non-GAAP Measures” below. Also see the tables below for the reconciliations of non-GAAP measures of performance to their corresponding GAAP measures of performance.

Forward-looking Statements

This communication contains certain statements, estimates, and forecasts with respect to future performance and events. These statements, estimates, and forecasts are “forward-looking statements.” In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as “may,” “might,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seek,” or “continue” or the negatives thereof or variations thereon or similar terminology. All statements other than statements of historical fact included in this communication are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties, and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance, or achievements to differ materially from the results, level of activity, performance, or achievements expressed or implied in the forward-looking statements including, but not limited to, those discussed under the heading “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition” in our filings with the Securities and Exchange Commission (“SEC”), which are available at the SEC’s website at www.sec.gov and our website at www.cohenandcompany.com/investor-relations/sec-filings. Such risk factors include the following: (a) a decline in general economic conditions or the global financial markets, including those caused by inflation, rising interest rates, and the current geopolitical situation, (b) unfavorable market conditions may lead to a reduction in revenues from our investment banking and new issue revenues, including from underwriting and placement activities, (c) losses caused by financial or other problems experienced by third parties, (d) losses due to unidentified or unanticipated risks, (e) a lack of liquidity, i.e., ready access to funds for use in our businesses, (f) the ability to attract and retain personnel, (g) litigation and regulatory proceedings, (h) reputational harm due to losses or our inability to sell securities we purchase as an underwriter at the anticipated price levels, (i) competitive pressure, (j) an inability to generate incremental income from new or expanded businesses, (k) unanticipated market closures or effects due to inclement weather or other disasters, (l) losses (whether realized or unrealized) on our principal investments, (m) the possibility that payments to the Company of subordinated management fees from its CDOs will continue to be deferred or will be discontinued, (n) the possibility that the Company’s stockholder rights plan may fail to preserve the value of the Company’s deferred tax assets, whether as a result of the acquisition by a person of 5% of the Company’s common stock or otherwise, (o) the Company’s reduction in the volume of its investments into SPACs, (p) the difficulty in identifying potential business combinations as a result of increased competition in the SPAC market, (q) the value of the Company’s holdings of founders shares in post-business combination companies is volatile and may decline and the possibility that significant portions of the founder shares may remain restricted for a long period of time, (r) the possibility that the Company will stop paying quarterly dividends to its stockholders, and (s) that CCM’s gross pipeline of possible transactions may not result in transactions that are consummated and total recognition of all pipeline fees. As a result, there can be no assurance that the forward-looking statements included in this communication will prove to be accurate or correct. In light of these risks, uncertainties, and assumptions, the future performance or events described in the forward-looking statements in this communication might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and we do not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

Cautionary Note Regarding Quarterly Financial Results

Due to the nature of our business, our revenue and operating results may fluctuate materially from quarter to quarter. Accordingly, revenue and net income in any particular quarter may not be indicative of future results. Further, our employee compensation arrangements are in large part incentive-based and, therefore, will fluctuate with revenue. The amount of compensation expense recognized in any one quarter may not be indicative of such expense in future periods. As a result, we suggest that annual results may be the most meaningful gauge for investors in evaluating our business performance.

COHEN & COMPANY INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
(in thousands, except per share data)
						Three Months Ended								Nine Months Ended
		9/30/26				6/30/26				9/30/25				9/30/26				9/30/25
	Revenues
	Investment banking and new issue	$	12,714			$	54,059			$	68,607			$	112,484			$	132,904
	Net trading		12,508				13,888				13,560				39,596				33,528
	Asset management		1,681				1,837				1,948				5,937				6,136
	Principal transactions and other revenue		5,538				(297	)			98				1,813				256
	Total revenues		32,441				69,487				84,213				159,830				172,824
	Operating expenses
	Compensation and benefits		21,143				48,185				53,684				110,635				119,673
	Business development, occupancy, equipment		2,005				2,591				2,041				6,979				5,858
	Subscriptions, clearing, and execution		3,800				3,573				2,771				11,325				7,277
	Professional services and other operating		2,650				2,512				3,774				10,086				10,127
	Depreciation and amortization		213				217				183				633				527
	Total operating expenses		29,811				57,078				62,453				139,658				143,462
	Operating income (loss)		2,630				12,409				21,760				20,172				29,362
	Non-operating income (expense)
	Interest expense, net		(1,355	)			(1,311	)			(1,472	)			(4,001	)			(4,416	)
	Gain on sale of management contracts		–				–				1,897				–				2,734
	Income (loss) from equity method affiliates		(1,251	)			(3,038	)			(12,663	)			(4,816	)			(11,682	)
	Income (loss) before income tax expense (benefit)		24				8,060				9,522				11,355				15,998
	Income tax expense (benefit)		(6,264	)			141				733				(6,305	)			1,643
	Net income (loss)		6,288				7,919				8,789				17,660				14,355
	Less: Net income (loss) attributable to the non-convertible non-controlling interest		(624	)			(2,058	)			(6,853	)			(3,400	)			(7,167	)
	Enterprise net income (loss)		6,912				9,977				15,642				21,060				21,522
	Less: Net income (loss) attributable to the convertible non-controlling interest		212				6,403				11,049				9,294				15,192
	Net income (loss) attributable to Cohen & Company Inc.	$	6,700			$	3,574			$	4,593			$	11,766			$	6,330
Earnings per share
	Basic
	Net income (loss) attributable to Cohen & Company Inc.	$	6,700			$	3,574			$	4,593			$	11,766			$	6,330
	Basic shares outstanding		2,691				2,260				1,741				2,259				1,729
	Net income (loss) attributable to Cohen & Company Inc. per share	$	2.49			$	1.58			$	2.64			$	5.21			$	3.66
	Fully Diluted
	Net income (loss) attributable to Cohen & Company Inc.	$	6,700			$	3,574			$	4,593			$	11,766			$	6,330
	Net income (loss) attributable to the convertible non-controlling interest		212				6,403				11,049				9,294				15,192
	Income tax and conversion adjustment		(6,142	)			(4,134	)			(107	)			(11,868	)			(98	)
	Net income (loss) attributable to Cohen & Company Inc. for fully diluted net income (loss) per share calculation	$	770			$	5,843			$	15,535			$	9,192			$	21,424
	Basic shares outstanding		2,691				2,260				1,741				2,259				1,729
	Unrestricted Operating LLC membership units exchangeable into COHN shares		3,594				3,885				4,129				3,883				4,121
	Additional dilutive shares		107				102				162				106				83
	Fully diluted shares outstanding (1)		6,392				6,247				6,032				6,248				5,933
	Fully diluted net income (loss) per share	$	0.12			$	0.94			$	2.58			$	1.47			$	3.61
Reconciliation of adjusted pre-tax income (loss) to net income (loss) attributable to Cohen & Company Inc. and calculations of per share amounts
	Net income (loss) attributable to Cohen & Company Inc.	$	6,700			$	3,574			$	4,593			$	11,766			$	6,330
	Addback (deduct): Income tax expense (benefit)		(6,264	)			141				733				(6,305	)			1,643
	Addback (deduct): Net income (loss) attributable to the convertible non-controlling interest		212				6,403				11,049				9,294				15,192
	Adjusted pre-tax income (loss)	$	648			$	10,118			$	16,375			$	14,755			$	23,165
	Adjusted fully diluted shares outstanding (2)		6,392				6,247				6,032				6,248				5,933
	Fully diluted adjusted pre-tax income (loss) per share	$	0.10			$	1.62			$	2.71			$	2.36			$	3.90
	(1) When the fully diluted net income (loss) per share is anti-dilutive, the basic shares outstanding are presented on this line item.
	(2) Adjusted fully diluted shares outstanding includes (a) weighted average unrestricted and restricted Operating LLC units exchangeable into COHN shares and (b) weighted average unrestricted and restricted shares, even during periods when the corresponding GAAP calculation of fully diluted shares outstanding above does not include them. The Operating LLC units are always included because the non-GAAP measure of performance, adjusted pre-tax income (loss), always includes net income (loss) attributable to the corresponding convertible interest.

COHEN & COMPANY INC.
CONSOLIDATED BALANCE SHEETS
(in thousands)
		September 30, 2026
		(unaudited)				December 31, 2025
	Assets
	Cash and cash equivalents	$	68,812			$	56,762
	Receivables from brokers, dealers, and clearing agencies		58,794				46,194
	Due from related parties		1,371				1,401
	Other receivables		15,766				8,896
	Investments – trading		187,776				140,576
	Other investments, at fair value		69,737				57,258
	Receivables under resale agreements		561,696				357,408
	Investment in equity method affiliates		10,659				6,661
	Deferred income taxes		10,659				4,126
	Goodwill		109				109
	Right-of-use asset – operating leases		14,299				15,406
	Other assets		7,205				5,788
	Total assets	$	1,006,883			$	700,585
	Liabilities
	Payables to brokers, dealers, and clearing agencies	$	48,040			$	4
	Accounts payable and other liabilities		8,841				17,944
	Due to related parties		2,744				–
	Accrued compensation		95,231				92,689
	Trading securities sold, not yet purchased		81,659				36,617
	Other investments sold, not yet purchased, at fair value		87				–
	Securities sold under agreements to repurchase		603,527				400,391
	Operating lease liability		15,754				16,959
	Debt		31,449				32,895
	Total liabilities		887,332				597,499
	Equity
	Voting non-convertible preferred stock		27				27
	Common stock		34				21
	Additional paid-in capital		91,317				78,539
	Accumulated other comprehensive loss		(1,087	)			(914	)
	Accumulated deficit		(18,778	)			(26,593	)
	Total stockholders’ equity		71,513				51,080
	Non-controlling interest		48,038				52,006
	Total equity		119,551				103,086
	Total liabilities and equity	$	1,006,883			$	700,585

Non-GAAP Measures

Adjusted pre-tax income (loss) and adjusted pre-tax income (loss) per diluted share

Adjusted pre-tax income (loss) is not a financial measure recognized by GAAP. Adjusted pre-tax income (loss) represents net income (loss) attributable to Cohen & Company Inc., computed in accordance with GAAP, excluding income tax expense (benefit), plus the net income (loss) attributable to the convertible non-controlling interest. Income tax expense (benefit) has been excluded because a pre-tax measurement of enterprise earnings that includes net income (loss) attributable to the convertible non-controlling interest is a useful and appropriate measure of performance. Furthermore, our income tax expense (benefit) has been, and we expect it will continue to be, a substantially non-cash item for the foreseeable future, generated from adjustments in our valuation allowance applied to the Company’s gross deferred tax assets. Convertible non-controlling interest is added back to adjusted pre-tax income (loss) because the underlying Cohen & Company, LLC equity units are convertible into Cohen & Company Inc. shares. Adjusted pre-tax income (loss) per diluted share is calculated by dividing adjusted pre-tax income (loss) by diluted shares outstanding, both of which include adjustments used in the corresponding calculation in accordance with GAAP.

We present adjusted pre-tax income (loss) and related per diluted share amounts in this release because we consider them to be useful and appropriate supplemental measures of our performance. Adjusted pre-tax income (loss) and related per diluted share amounts help us to evaluate our performance without the effects of certain GAAP calculations that may not have a direct cash or recurring impact on our current operating performance. In addition, our management uses adjusted pre-tax income (loss) and related per diluted share amounts to evaluate the performance of our enterprise operations. Adjusted pre-tax income (loss) and related per diluted share amounts, as we define them, are not necessarily comparable to similarly named measures of other companies and may not be appropriate measures for performance relative to other companies. Adjusted pre-tax income (loss) should not be assessed in isolation from or construed as a substitute for net income (loss) attributable to Cohen & Company Inc. prepared in accordance with GAAP. Adjusted pre-tax income (loss) is not intended to represent and should not be considered to be a more meaningful measure than, or an alternative to, measures of operating performance as determined in accordance with GAAP.

Contact:
Investors –	Media –
Cohen & Company Inc.	Joele Frank, Wilkinson Brimmer Katcher
Joseph W. Pooler, Jr.	Joseph Sala or Zach Genirs
Executive Vice President and	212-355-4449
Chief Financial Officer
215-701-8952
investorrelations@cohenandcompany.com

SINGAPORE, Nov. 12, 2026 (GLOBE NEWSWIRE) — SANGRIX INC. (NASDAQ: SGRX) (“SANGRIX” or the “Company”) today announced that its Class A ordinary shares and Class B ordinary shares will undergo a 1-for-8 reverse stock split (the “Reverse Stock Split”).

The Company’s Class A ordinary shares are expected to commence reverse-split-adjusted trading on the Nasdaq Capital Market at market opening on November 16, 2026. The ticker symbol will remain “SGRX,” and the new CUSIP number will be G21621142.

At effectiveness, each eight (8) issued and outstanding Class A ordinary shares will consolidate into one (1) Class A ordinary share. Each eight (8) issued and outstanding Class B ordinary shares will likewise consolidate into one (1) Class B ordinary share.

Following the Reverse Stock Split, outstanding Class A ordinary shares will decrease from 4,035,192 to approximately 504,399, and outstanding Class B ordinary shares will decrease from 96,043 to approximately 12,006, in each case subject to the rounding up of fractional shares.

In connection with the Reverse Stock Split, the Company’s Memorandum and Articles of Association will be amended to proportionately decrease authorized ordinary shares and increase their par value to US$0.0024 each. Outstanding options, warrants and other instruments exercisable for or convertible into ordinary shares will undergo adjustments pursuant to their governing terms.

Fractional shares will not be issued. Any fractional entitlement arising from the Reverse Stock Split will be rounded upward to the next whole share.

About SANGRIX INC.

SANGRIX INC. (NASDAQ: SGRX), formerly Bit Origin Ltd, is pursuing opportunities across AI computing infrastructure and digital infrastructure services, including GPU computing, server leasing and storage infrastructure.

Additional information is available at www.sangrix.ai.

Safe Harbor Statement

This announcement includes forward-looking statements under the Private Securities Litigation Reform Act of 1995 concerning, among other matters, the anticipated implementation and impact of the Reverse Stock Split and continued compliance with Nasdaq listing standards. Actual outcomes could differ materially because of risks and uncertainties, including those described in the Company’s SEC filings. No assurance can be given that the Reverse Stock Split will enable continued Nasdaq compliance.

Except where legally required, the Company does not undertake to revise forward-looking statements following this announcement.

Company Contact:

SANGRIX INC.
Mr. Jinghai Jiang, Chairman and Chief Executive Officer
Email: ir@sangrix.ai

COPENHAGEN, Denmark, November 12, 2026 – Evaxion A/S (NASDAQ: EVAX) (“Evaxion”), a clinical-stage TechBio company developing novel immunotherapies with its pioneering AI-Immunology™ platform, announces its financial calendar for 2027 as summarized below:

March 4, 2027: Business update and full year 2026 financial results

April 29, 2027: Annual General Meeting

May 4, 2027: Business update and first quarter 2027 financial results

August 19, 2027: Business update and second quarter 2027 financial results

November 18, 2027: Business update and third quarter 2027 financial results

The financial calendar is also available on our website, with additional details about each event, including how to join conference calls and webcasts.

Contact information
Evaxion A/S
Mads Kronborg
Vice President, Investor Relations & Communication
+45 53 54 82 96
mak@evaxion.ai

About Evaxion
Evaxion is a pioneering clinical-stage TechBio company based upon its proprietary, clinically validated and scalable AI platform, AI-Immunology™. The platform harnesses the power of artificial intelligence to decode the human immune system and develop novel immunotherapies for cancer as well as infectious and autoimmune diseases.

With AI-Immunology™ we conduct rapid, efficient and high-quality target discovery, drug design and development. Our team of +40 experts covers the entire value chain from target discovery to clinical development.

We have developed a pipeline of both personalized and off-the-shelf cancer vaccine candidates as well as prophylactic vaccine candidates for infectious diseases. All our candidates address high unmet medical needs, reflecting our commitment to transforming patients’ lives by providing innovative and targeted treatment options.

For more information about Evaxion, AI-Immunology™ and our pipeline, please visit our website. 

Forward-looking statement 
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “target,” “believe,” “expect,” “hope,” “aim,” “intend,” “may,” “might,” “anticipate,” “contemplate,” “continue,” “estimate,” “plan,” “potential,” “predict,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could,” and other words and terms of similar meaning identify forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various factors, including, but not limited to, risks related to: our financial condition and need for additional capital; our development work; cost and success of our product development activities and preclinical and clinical trials; commercializing any approved pharmaceutical product developed using our AI platform technology, including the rate and degree of market acceptance of our product candidates; our dependence on third parties including for conduct of clinical testing and product manufacture; our inability to enter into partnerships; government regulation; protection of our intellectual property rights; employee matters and managing growth; our ADSs and ordinary shares, the impact of international economic, political, legal, compliance, social and business factors, including inflation, and the effects on our business from other significant geopolitical and macro-economic events; and other uncertainties affecting our business operations and financial condition. For a further discussion of these risks, please refer to the risk factors included in our most recent Annual Report on Form 20-F and other filings with the US Securities and Exchange Commission (SEC), which are available at www.sec.gov. We do not assume any obligation to update any forward-looking statements except as required by law.