Tag: GlobeNewswire

• Final Safety Evaluation Report formally completes NRC safety review
• Marks completion of both primary reviews required for Construction Permit approval
• Establishes regulatory precedent to support more efficient licensing of future Xe-100 projects

ROCKVILLE, Md., Oct. 30, 2026 (GLOBE NEWSWIRE) — X-Energy, Inc. (Nasdaq: XE) (“X-energy” or “the Company”), a leading developer of advanced nuclear reactors and fuel technology, today announced the completion of the U.S. Nuclear Regulatory Commission’s (“NRC”) safety review for the initial deployment of X-energy’s Xe-100 high-temperature gas-cooled reactor (“HTGR”). The proposed Long Mott Generating Station would be the first grid-scale advanced nuclear reactor at an industrial facility in U.S. history, advancing in partnership with Dow (NYSE: DOW) under the U.S. Department of Energy’s Advanced Reactor Demonstration Program (“ARDP”).

The NRC’s Final Safety Evaluation Report (“FSER”) follows a comprehensive review of the Xe-100 plant’s principal design criteria, preliminary design, safety analyses, probabilistic risk assessment, and research and development programs, documenting the NRC staff’s conclusion that the proposed plant and site provide the safety basis to begin construction under 10 CFR Part 50. The Advisory Committee on Reactor Safeguards, an independent body that advises the Commission, separately reviewed the NRC staff’s evaluation and supports issuance of the construction permit.

The Xe-100’s safety case leverages the passive physics of its TRISO-X coated particle fuel and pebble-bed core design, as well as traditional defense-in-depth systems to enable a new, broader range of applications for nuclear technology. The design’s safety profile enables applicants to pursue a compact site footprint with a 400-meter emergency planning zone compared to 10 miles for conventional light-water reactors. This allows new generation to be sited closer to the point of need, including inside the perimeter of a large industrial facility, or closer to populated areas. While future applications will be reviewed individually, the NRC’s review establishes regulatory precedents for every Xe-100 project that follows, creating replicable pathways for increased efficiency in commercial nuclear licensing.

“Licensing a new reactor is earned through the quality of the application and the rigor of the regulator’s review,” said Dragan Popovic, Chief Global Operating Officer at X-energy. “The NRC’s completion of its safety review reflects years of disciplined work by our team and the NRC staff, establishing the foundations to support every Xe-100 application that follows on the path to scale.”

Commercial licensing for X-energy’s technology is supported by both extensive pre-application engagement with the NRC dating to 2018, as well as decades of U.S. Department of Energy research on HTGR technology. The Xe-100 is the first HTGR construction permit application to use the NRC’s technology-inclusive, risk-informed, and performance-based licensing framework, building on licensing modernization proposals first developed for the DOE’s Next Generation Nuclear Plant program in 2008. TRISO-X fuel is based on TRISO fuel designs pioneered by the DOE through the Advanced Gas Reactor Program, providing both irradiation data and production specifications over 20 years of testing that are central to the fuel’s design today.

In May 2026, the NRC completed its environmental review with an Environmental Assessment and Finding of No Significant Impact. With both primary reviews complete, the project moves to the final stages of the NRC’s construction permit review. In the United Kingdom, the Xe-100 was recently accepted into Generic Design Assessment, initiating a critical step in the licensing process for U.K. deployment. Together, these regulatory milestones advance the Company’s vision of transformative energy technology to fuel the future of humanity.

About X-energy
X-energy, Inc. is a leading developer of advanced small modular nuclear reactors and fuel technology designed to establish a new standard in clean, safe, reliable energy. X-energy’s intrinsically safe Xe-100 high-temperature gas reactor and TRISO-X particle fuel expand applications for nuclear technology, with commercial projects underway with Dow, Amazon, and Centrica across grid, industrial, and AI applications. Together, X-energy’s technology drives enhanced safety, lower cost, faster construction timelines, and scalable deployment when compared with other SMRs and conventional nuclear.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which X-energy intends to be covered by the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “will,” “seek,” the negative of these words, or similar terms may identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These include, but are not limited to, statements regarding the NRC’s construction permit review, including the expected timing and outcome; the expectation that the proposed plant will be the first of its kind in U.S. history; the regulatory precedent established by the NRC’s review and its expected effect on the efficiency of licensing future projects; the expected safety profile, features and siting benefits of the Xe-100; the Xe-100’s Generic Design Assessment in the United Kingdom; the status and timing of X-energy’s commercial projects; and X-energy’s vision and strategy.

You should not rely on these forward-looking statements as predictions of future events. Actual results may differ materially due to a number of factors, including, but not limited to: the risk that the NRC’s review does not result in more efficient licensing of future Xe-100 projects, which will be reviewed individually, or that future sites do not qualify for a comparable emergency planning zone or environmental review pathway; design changes following the construction permit that require additional NRC review; the failure to obtain, or delays in obtaining, required licenses, permits and regulatory approvals, including issuance of the NRC Construction permit; site suitability and characterization risks; the decision of X-energy’s customers, including Dow, whether to proceed with construction; the ability of the parties to obtain project financing and achieve acceptable project economics; delays, cost increases or setbacks in the licensing, construction or deployment of X-energy’s projects; supply chain and supplier constraints; changes in government policy, funding or support for advanced nuclear energy, including under the ARDP; public or stakeholder opposition; and first-of-a-kind risks and X-energy’s limited operating experience at intended scale, including latent design or operational issues. More information about potential risks is detailed under “Risk Factors” in X-energy’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 filed with the Securities and Exchange Commission (the “SEC”), and in subsequent SEC filings, available on X-energy’s Investor Relations website at https://investors.x-energy.com/ and on the SEC website at www.sec.gov. Any forward-looking statements herein are based on assumptions believed reasonable as of, and speak only as of, the date of this press release. Except as required by law, X-energy undertakes no obligation to update these statements as a result of new information or future events.

Contact
Robert McEntyre, Corporate Communications
media@x-energy.com
+1 240.673.6565

Patricia Gil, Investor Relations
+1 301.558.3040
investors@x-energy.com

Presentation to explore the potential of RNA-splicing payloads to drive broad anti-tumor effects through direct cell killing along with immune activation 

Satyajit Mitra, Executive Director, Head of Oncology, to discuss differentiated payload mechanisms and preclinical findings supporting next-generation ADC development

TAMPA, Fla. and LONDON, Oct. 30, 2026 (GLOBE NEWSWIRE) — Akari Therapeutics, Plc (Nasdaq: AKTX), an oncology biotechnology company developing antibody drug conjugates (ADCs) with a novel RNA splicing disrupting payload, today announced that Satyajit Mitra, Executive Director, Head of Oncology, will deliver a presentation at the 3rd Annual ADC Payload Summit. The conference will take place November 4–6, 2026, in Boston, Massachusetts.

The presentation will explore RNA-splicing modulation as an alternative ADC payload mechanism designed both to induce cancer-cell death and activate antitumor immunity. It will address the scientific rationale, engineering considerations and preclinical evidence supporting this approach, including the potential to differentiate from ADCs utilizing traditional microtubule and topoisomerase inhibitor payloads.

Akari’s proprietary PH1 payload is a spliceosome modulator designed to disrupt RNA splicing within cancer cells. In preclinical models, this approach has demonstrated cancer-cell killing together with activation of innate and adaptive immune responses. Given its unique biology and engineering, the PH1 payload could play a key role in the emerging concept of ADC therapy sequencing after patients lose response to ADCs with traditional payloads. PH1 serves as the foundation for Akari’s differentiated ADC pipeline, including lead candidate AKTX-101, a TROP2-PH1 ADC.

“Advancing ADC innovation requires exploring novel mechanisms that can improve outcomes for patients,” said Abizer Gaslightwala, President and Chief Executive Officer of Akari Therapeutics. “Our PH1 platform is designed to combine targeted cancer-cell killing with immune activation, offering a differentiated approach to ADC development. We look forward to sharing the scientific rationale and preclinical findings behind our RNA-splicing payload strategy with researchers and industry leaders focused on the next generation of ADCs.”

Presentation Details

Title: Benefits of Alternative ADC Mechanisms Beyond Cytotoxicity: Rationale for RNA Splicing Payloads That Induce Cell Death & Activate Anti-Tumor Immunity
Presenter: Satyajit Mitra, Executive Director, Head of Oncology, Akari Therapeutics
Session: Diversifying ADC Payload Mechanisms Through Emerging Biological Approaches
Date: Friday, November 6, 2026
Time: 3:00 PM ET
Location: Boston, Massachusetts

The presentation is expected to cover:

• The rationale for RNA-splicing modulation as an ADC payload mechanism combining direct cytotoxicity with immune activation.
• Engineering considerations related to multidrug resistance and payload-specific conjugation strategies.
• Preclinical and early translational findings, including immune activation and activity in oncogenic driver-driven cancer models.
• Potential future applications, including combinations with immunotherapies and broader antigen-targeting strategies.

For more information about the conference, please visit the ADC Payload Summit website.

About Akari Therapeutics

Akari Therapeutics is an oncology biotechnology company developing next-generation antibody drug conjugates (ADCs) with a unique payload, PH1, which targets RNA splicing. Utilizing its innovative ADC discovery platform, the Company has the ability to generate ADC candidates and optimize them based on the desired application to any antigen target of interest. Akari’s lead candidate, AKTX-101, targets the Trop2 receptor on cancer cells with a proprietary linker, enabling it to deliver its novel PH1 payload directly into the tumor with minimal off-target effects. Unlike current ADCs that use microtubule inhibitors and DNA-damaging agents as their payloads, PH1 is a novel payload that is a spliceosome modulator designed to disrupt RNA splicing within cancer cells. This splicing modulation has been shown in preclinical animal models to induce cancer cell death while activating both the innate and adaptive immune systems to drive robust and durable activity. In preclinical studies, AKTX-101 has been shown to have significant activity and prolonged survival relative to ADCs with traditional payloads. Additionally, AKTX-101 has the potential to be synergistic with checkpoint inhibitors and has demonstrated prolonged survival as both a single agent and in combination with checkpoint inhibitors. The PH1 payload has also been demonstrated to be very active against cancer cells with key oncogenic drivers such as KRAS, BRAF, AR-V7, FGFR3 fusions, and others. The Company has initiated IND enabling studies for AKTX-101 with a goal of starting its First-In-Human trial by mid-2027. Akari is also developing AKTX-102, an ADC candidate targeting CEACAM5 (Carcinoembryonic Antigen-related Cell Adhesion Molecule-5), a well-validated tumor antigen broadly expressed across multiple solid tumors. AKTX-102 is designed to leverage Akari’s proprietary PH1 spliceosome-modulating payload and a novel antibody construct to enable differentiated tumor cell killing and immune activation.

For more information about the Company, please visit www.akaritx.com and connect on X and LinkedIn.

Cautionary Note Regarding Forward-Looking Statements

This press release includes express or implied 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, about the Company that involve risks and uncertainties relating to future events and the future performance of the Company. Actual events or results may differ materially from these forward-looking statements. Words such as “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “future,” “opportunity” “will likely result,” “target,” variations of such words, and similar expressions or negatives of these words are intended to identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Examples of such forward-looking statements include, but are not limited to, express or implied statements regarding the potential characteristics and therapeutic applications of PH1 and PH1-based ADCs, the ability of the Company to advance its product candidates for the treatment of cancer and the timing of a filing of an IND and commencement of a Phase I clinical trial. These statements are based on the Company’s current plans, estimates and projections. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific. A number of important factors, including those described in this communication, could cause actual results to differ materially from those contemplated in any forward-looking statements. Factors that may affect future results and may cause these forward-looking statements to be inaccurate include, without limitation: the Company’s need for additional capital; the potential impact of unforeseen liabilities, future capital expenditures, revenues, costs, expenses, earnings, synergies, economic performance, indebtedness, financial condition and losses on the future prospects, business and management strategies for the management, expansion and growth of the business; risks related to global as well as local political and economic conditions, including interest rate and currency exchange rate fluctuations; potential delays or failures related to research and/or development of the Company’s programs or product candidates; risks related to any loss of the Company’s patents or other intellectual property rights; any interruptions of the supply chain for raw materials or manufacturing for the Company’s product candidates, including as a result of potential tariffs; the nature, timing, cost and possible success and therapeutic applications of product candidates being developed by the Company and/or its collaborators or licensees; the extent to which the results from the research and development programs conducted by the Company, and/or its collaborators or licensees may be replicated in other studies and/or lead to advancement of product candidates to clinical trials, therapeutic applications, or regulatory approval; uncertainty of the utilization, market acceptance, and commercial success of the Company’s product candidates; risks related to competition for the Company’s product candidates; and the Company’s ability to successfully develop or commercialize its product candidates. While the foregoing list of factors presented here is considered representative, no list should be considered to be a complete statement of all potential risks and uncertainties. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the SEC, copies of which may be obtained from the SEC’s website at www.sec.gov. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release except as required by law.

Investor Relations Contact

JTC Team, LLC
Jenene Thomas
908-824-0775
AKTX@jtcir.com   

– Revuforj is the first and only menin inhibitor that is approved for adults and children one year and older with R/R NPM1m AML and KMT2A translocated acute leukemia –

NEW YORK, Oct. 30, 2026 (GLOBE NEWSWIRE) — Syndax Pharmaceuticals (Nasdaq: SNDX), a commercial-stage biopharmaceutical company advancing innovative cancer therapies, today announced that Revuforj^® (revumenib) has been recognized as the Best Product for Rare/Orphan Diseases of 2026 by The Galien Foundation. The Galien Foundation fosters, recognizes, and rewards excellence in scientific innovation to improve human health.

Revuforj is the first and only menin inhibitor that is approved for adults and children one year and older with multiple types of relapsed or refractory (R/R) acute leukemia. In November 2024, Revuforj was FDA approved for the treatment of R/R acute leukemia with a KMT2A translocation. In October 2025, the FDA approval was expanded to include patients with R/R acute myeloid leukemia (AML) with a susceptible NPM1 mutation who have no satisfactory alternative treatment options.

“We are honored to receive this prestigious award from The Galien Foundation that recognizes the groundbreaking science behind Revuforj and its transformational impact on the treatment paradigm for relapsed or refractory KMT2A-translocated and NPM1-mutated acute leukemias,” said Peter Ordentlich, Ph.D., Chief Scientific Officer and Founder of Syndax. “We share this recognition with the many patients, scientists, clinicians, and Syndax team members whose tireless dedication made it possible for us to bring a new type of targeted treatment to adults and children battling some of the most aggressive forms of acute leukemia.”   

The Galien Foundation’s Prix Galien Award is recognized as one of the world’s most prestigious awards for biomedical research and innovation. The Prix Galien is widely regarded as the equivalent of the Nobel Prize in biopharmaceutical research.

About The Galien Foundation

The Galien Foundation fosters, recognizes, and rewards excellence in scientific innovation to improve human health. Its vision is to serve as a catalyst for the development of the next generation of treatments and technologies that will transform medical practice and save lives. Established in Paris in 1970 by Roland Mehl in honor of Galen, the father of medical science and modern pharmacology, the Prix Galien is widely regarded as the equivalent of the Nobel Prize in biopharmaceutical research. For more information, visit www.galienfoundation.org.

About NPM1-Mutated Acute Myeloid Leukemia (AML)

Mutations in the NPM1 gene are the most common genetic alteration observed in AML, occurring in approximately 30% of adults with AML. Mutations in this gene play a critical role in the development of NPM1-mutated (NPM1m) AML, an aggressive blood cancer associated with high rates of relapse.

About KMT2A-Rearranged Acute Leukemia

Rearrangements of the KMT2A gene (KMT2Ar) give rise to an aggressive form of acute leukemia associated with a very poor prognosis and high relapse rates. It is estimated that more than 95% of patients with KMT2Ar acute leukemia have a KMT2A translocation, a type of rearrangement that occurs when part of one chromosome breaks and fuses to a different chromosome. KMT2A translocations are found in about 10% of acute leukemias and are especially prevalent among infants and children with acute leukemia.

About Revuforj^® (revumenib)

Revuforj (revumenib) is the first and only menin inhibitor that is FDA approved for the treatment of adult and pediatric patients one year and older with relapsed or refractory (R/R) acute myeloid leukemia (AML) with a susceptible NPM1 mutation who have no satisfactory alternative treatment options or R/R acute leukemia with a KMT2A translocation as determined by an FDA-authorized test.

Multiple trials of revumenib are ongoing or planned across the treatment landscape, including in combination with standard of care therapies in newly diagnosed patients with NPM1-mutated or KMT2A-rearranged AML.

IMPORTANT SAFETY INFORMATION

WARNING: DIFFERENTIATION SYNDROME, QTc PROLONGATION, and TORSADES DE POINTES

Differentiation syndrome, which can be fatal, has occurred with Revuforj. Signs and symptoms may include fever, dyspnea, hypoxia, pulmonary infiltrates, pleural or pericardial effusions, rapid weight gain or peripheral edema, hypotension, and renal dysfunction. If differentiation syndrome is suspected, immediately initiate corticosteroid therapy and hemodynamic monitoring until symptom resolution.

QTc prolongation and Torsades de Pointes have occurred in patients receiving Revuforj. Correct hypokalemia and hypomagnesemia prior to and during treatment. Do not initiate Revuforj in patients with QTcF > 450 msec. If QTc interval prolongation occurs, interrupt, reduce, or permanently discontinue Revuforj.

WARNINGS AND PRECAUTIONS

Differentiation Syndrome: Revuforj can cause fatal or life-threatening differentiation syndrome (DS). Symptoms of DS, including those seen in patients treated with Revuforj, include fever, dyspnea, hypoxia, peripheral edema, pleuropericardial effusion, acute renal failure, rash, and/or hypotension.

In clinical trials, DS occurred in 60 (25%) of 241 patients treated with Revuforj at the recommended dosage for relapsed or refractory acute leukemia. Among those with a KMT2A translocation, DS occurred in 33% of patients with acute myeloid leukemia (AML), 33% of patients with mixed-phenotype acute leukemia (MPAL), and 9% of patients with acute lymphoblastic leukemia (ALL); DS occurred in 18% of patients with NPM1m AML. DS was Grade 3 or 4 in 12% of patients and fatal in 2 patients. The median time to initial onset was 9 days (range 3-41 days). Some patients experienced more than 1 DS event. Treatment interruption was required for 7% of patients, and treatment was withdrawn for 1%.

Reduce the white blood cell count to less than 25 Gi/L prior to starting Revuforj. If DS is suspected, immediately initiate treatment with systemic corticosteroids (e.g., dexamethasone 10 mg IV every 12 hours in adults or dexamethasone 0.25 mg/kg/dose IV every 12 hours in pediatric patients weighing less than 40 kg) for a minimum of 3 days and until resolution of signs and symptoms. Institute supportive measures and hemodynamic monitoring until improvement. Interrupt Revuforj if severe signs and/or symptoms persist for more than 48 hours after initiation of systemic corticosteroids, or earlier if life-threatening symptoms occur such as pulmonary symptoms requiring ventilator support. Restart steroids promptly if DS recurs after tapering corticosteroids.

QTc Interval Prolongation and Torsades de Pointes: Revuforj can cause QT (QTc) interval prolongation and Torsades de Pointes.

Of the 241 patients treated with Revuforj at the recommended dosage for relapsed or refractory acute leukemia in clinical trials, QTc interval prolongation was reported as an adverse reaction in 86 (36%) patients. QTc interval prolongation was Grade 3 in 15% and Grade 4 in 2%. The heart-rate corrected QT interval (using Fridericia’s method) (QTcF) was greater than 500 msec in 10%, and the increase from baseline QTcF was greater than 60 msec in 24%. Revuforj dose reduction was required for 7% due to QTc interval prolongation. QTc prolongation occurred in 21% of the 34 patients less than 17 years old, 35% of the 146 patients 17 years to less than 65 years old, and 46% of the 61 patients 65 years or older. One patient had a fatal outcome of cardiac arrest, and one patient had non-sustained Torsades de Pointes.

Correct electrolyte abnormalities, including hypokalemia and hypomagnesemia, prior to and throughout treatment with Revuforj. Perform an electrocardiogram (ECG) prior to initiation of Revuforj, and do not initiate Revuforj in patients with QTcF >450 msec. Perform an ECG at least once weekly for the first 4 weeks and at least monthly thereafter. In patients with congenital long QTc syndrome, congestive heart failure, electrolyte abnormalities, or those who are taking medications known to prolong the QTc interval, more frequent ECG monitoring may be necessary. Concomitant use with drugs known to prolong the QTc interval may increase the risk of QTc interval prolongation.

• Interrupt Revuforj if QTcF increases >480 msec and <500 msec, and restart Revuforj at the same dose twice daily after the QTcF interval returns to ≤480 msec
• Interrupt Revuforj if QTcF increases >500 msec or by >60 msec from baseline, and restart Revuforj twice daily at the lower-dose level after the QTcF interval returns to ≤480 msec
• Permanently discontinue Revuforj in patients with ventricular arrhythmias and in those who develop QTc interval prolongation with signs or symptoms of life-threatening arrhythmia

Embryo-Fetal Toxicity: Revuforj can cause fetal harm when administered to a pregnant woman. Advise pregnant women of the potential risk to a fetus. Advise females of reproductive potential and males with female partners of reproductive potential to use effective contraception during treatment with Revuforj and for 4 months after the last dose of Revuforj.

ADVERSE REACTIONS

Fatal adverse reactions occurred in 9 (4%) patients who received Revuforj, including 4 with sudden death, 2 with differentiation syndrome, 2 with hemorrhage, and 1 with cardiac arrest.

Serious adverse reactions were reported in 184 (76%) patients. The most frequent serious adverse reactions (≥10%) were infection (29%), febrile neutropenia (20%), bacterial infection (15%), differentiation syndrome (13%), and hemorrhage (11%).

The most common adverse reactions (≥20%) including laboratory abnormalities, were phosphate increased (51%), hemorrhage (48%), nausea (48%), infection without identified pathogen (46%), aspartate aminotransferase increased (44%), alanine aminotransferase increased (40%), creatinine increased (38%), musculoskeletal pain (37%), febrile neutropenia (37%), electrocardiogram QT prolonged (36%), potassium decreased (34%), parathyroid hormone intact increased (34%), alkaline phosphatase increased (33%), diarrhea (29%), bacterial infection (27%), triglycerides increased (27%), phosphate decreased (25%), differentiation syndrome (25%), fatigue (24%), edema (24%), viral infection (23%), decreased appetite (20%), and constipation (20%).

DRUG INTERACTIONS

Drug interactions can occur when Revuforj is concomitantly used with:

• Strong CYP3A4 inhibitors: reduce Revuforj dose
• Strong or moderate CYP3A4 inducers: avoid concomitant use with Revuforj
• QTc-prolonging drugs: avoid concomitant use with Revuforj. If concomitant use is unavoidable, obtain ECGs when initiating, during concomitant use, and as clinically indicated. Withhold Revuforj if the QTc interval is >480 msec. Restart Revuforj after the QTc interval returns to ≤480 msec

SPECIFIC POPULATIONS

Lactation: advise lactating women not to breastfeed during treatment with Revuforj and for 1 week after the last dose.  

Pregnancy and testing: Revuforj can cause fetal harm when administered to a pregnant woman. Verify pregnancy status in females of reproductive potential within 7 days prior to initiating Revuforj.

Infertility: based on findings in animals, Revuforj may impair fertility. The effects on fertility were reversible.

Pediatric: monitor bone growth and development in pediatric patients.

Geriatric: no overall differences were observed in the effectiveness of Revuforj between patients who were 65 years and older, and younger patients. Compared to younger patients, the incidences of QTc prolongation and edema were higher in patients 65 years and older.

To report SUSPECTED ADVERSE REACTIONS, contact Syndax Pharmaceuticals at 1-888-539-3REV or FDA at 1-800-FDA-1088 or www.fda.gov/medwatch.

Please see Full Prescribing Information, including BOXED WARNINGS.

About Syndax

Syndax Pharmaceuticals is a commercial-stage biopharmaceutical company advancing innovative cancer therapies. Highlights of the Company’s pipeline include Revuforj^® (revumenib), an FDA-approved menin inhibitor, and Niktimvo™ (axatilimab-csfr), an FDA-approved monoclonal antibody that blocks the colony stimulating factor 1 (CSF-1) receptor. Fueled by our commitment to reimagining cancer care, Syndax is working to unlock the full potential of its pipeline and is conducting several clinical trials across the continuum of treatment. For more information, please visit www.syndax.com/ or follow the Company on X and LinkedIn.

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 “anticipate,” “believe,” “could,” “estimate,” “expects,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or the negative or plural of those terms, and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. These forward-looking statements are based on Syndax’s expectations and assumptions as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Actual results may differ materially from these forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, statements about the progress, timing, clinical development and scope of clinical trials, the reporting of clinical data for Syndax’s product candidates, the acceptance of Syndax and its partners’ products in the marketplace, sales, marketing, manufacturing and distribution requirements, and the potential use of its product candidates to treat various cancer indications and fibrotic diseases. Many factors may cause differences between current expectations and actual results, including: unexpected safety or efficacy data observed during preclinical or clinical trials; clinical trial site activation or enrollment rates that are lower than expected; changes to Revuforj’s or Niktimvo’s commercial availability; changes in expected or existing competition; changes in the regulatory environment; failure of Syndax’s collaborators to support or advance collaborations or product candidates; and unexpected litigation or other disputes. Other factors that may cause Syndax’s actual results to differ from those expressed or implied in the forward-looking statements in this press release are discussed in Syndax’s filings with the U.S. Securities and Exchange Commission, including the “Risk Factors” sections contained therein. Except as required by law, Syndax assumes no obligation to update any forward-looking statements contained herein to reflect any change in expectations, even as new information becomes available.

Niktimvo is a trademark of Incyte.
All other trademarks are the property of their respective owners.

Syndax Contact

Sharon Klahre
Syndax Pharmaceuticals, Inc.
sklahre@syndax.com
Tel 781.684.9827

SNDX-G

Eesti Energia will publish its 2026 Q3 financial results and interim report on 5 November. The investor call to present the results will take place on 5 November at 11:00 London time, 12:00 Frankfurt time, and 13:00 Tallinn time.

The conference call will be held in English. To participate, please join via the following link.

A Q&A session will follow the presentation. As the webinar time is limited, we encourage participants to share their questions with us in advance at investor@enefit.com

The report and the investor call presentation will be made available in the morning of 5 November on the Eesti Energia Investor Relations website. The recording and transcript of the call will be published on the same page afterwards.

Further information:
Danel Freiberg
Head of Treasury and Financial Risk Management
Eesti Energia AS
Tel: +372 5594 3838
Email: danel.freiberg@enefit.com

HANOVER, N.H., Oct. 30, 2026 (GLOBE NEWSWIRE) — Ledyard Financial Group, Inc. (the “Company”, OTCQX^®: LFGP), the holding company for Ledyard National Bank (the “Bank”), reported quarterly net income per diluted share of $0.73, for the third quarter ended September 30, 2026, compared to $0.52 in the prior quarter, and $0.46 in the third quarter a year ago, supported by continued strength in core business activities. Reflecting the continued success of the Company’s strategic investments, net income for the third quarter of 2026 was $2.5 million, a substantial increase of 60.2% over the comparable year-ago period.

“This quarter’s record earnings show that our investments and initiatives are paying off, and we expect that momentum to continue,” said Josephine Moran, CEO. “The third quarter earnings evidence how our focus on expanding revenue opportunities, enhancing profitability, and delivering greater operational efficiency through innovation and technology is working. We are getting great results leveraging ‘One Ledyard’ – our unique, comprehensive approach to building and deepening relationships. Wealth management remains an active area of growth for us, where we are exploring strategic partnerships to complement our ongoing new business development. As we enter the final quarter of the year, we are confident in the Company’s financial outlook while prioritizing our local communities and our people.”

“Reflecting the continued success of our investment strategy, net income reached a record high for the Company, up 42.0% compared to the second quarter, and up 60.2% from the year ago quarter. Strong loan growth also continued to drive our balance sheet operational efficiencies, and the wealth management division’s revenue increased compared to the previous quarter, actively showcasing the effectiveness of our strategic priorities for the year,” said Peter Sprudzs, CFO.

Third Quarter 2026 Highlights

• Third quarter 2026 net income was $2.5 million, or $0.73 per share, up $929 thousand from the third quarter of 2025 and up $731 thousand from the prior quarter. Q3 2026 results included growth in both net interest income and wealth management revenue compared to Q2 2026.
• Total assets ended the quarter at $1.16 billion, up $135.7 million or 13.2% from a year ago and up $93.8 million, or 8.8% from the prior quarter, primarily the result of strong loan growth.
  • Loans grew $67.1 million or 9.2% from the prior quarter and ended $154.7 million, or 24.1% higher than a year ago.
  • Excluding funds from the wealth management business, third quarter client deposits increased $45.8 million (7.2%) compared to the prior quarter and $72.5 million (11.9%) compared to the third quarter of 2025. Including wealth management balances, client deposits increased $36.8 million and grew $67.3 million over Q2 2026 and Q3 2025, respectively.
  • Net interest margin (NIM) was 2.91%, up 10 basis points from the prior quarter and up 37 basis points from the third quarter a year ago.
• Assets Under Administration (AUA) ended the quarter at $2.59 billion, up 0.8% from $2.57 billion at the end of Q2 2026, and up 7.9% from $2.40 billion at the end of Q3 2025.
• Revenue from the wealth management business increased $61 thousand (1.3%) compared to the prior quarter, and $519 thousand (12.1%) compared to the third quarter a year ago, reflecting the benefits of market performance and business development efforts.
• The Company’s efficiency ratio was 74.0% for Q3 2026, compared to 81.0% in Q2 2026 and 82.4% in Q3 2025.  
• The Company declared a regular quarterly cash dividend of $0.21 per share.

Income Statement Review

The Company generated a return on average common equity of 15.08% and a return on average assets of 0.90% in Q3 2026, compared to 10.94% and 0.66%, respectively, in Q2 2026 and 10.31% and 0.58%, respectively, in Q3 2025.

“Our net interest margin expanded during the quarter, driven by disciplined loan pricing, lower funding costs and a stronger deposit mix. Alongside solid balance sheet growth, this shows we are growing responsibly, not at the expense of margins, a strategy we remain committed to,” said Sprudzs.

Third quarter NIM improved to 2.91%, from 2.82% and 2.54% in Q2 2026 and Q3 2025, respectively. Quarter over quarter, earning asset yields increased by 15 basis points and the cost of interest-bearing liabilities increased by 6 basis points, while the impact on NIM of other factors (most notably the contribution from derivative hedge positions) was unchanged. Reported NIM figures do not reflect the beneficial effect of the tax advantage provided by the Company’s $140.3 million in municipal bond holdings.

Provision for credit losses was $471 thousand in Q3 2026, reflecting a net increase in credit reserves (ACL and Liability for Unfunded Commitments) of $192 thousand and net charge-offs of $279 thousand. Comparatively, in Q2 2026 the provision for credit losses was $271 thousand and Q3 2025 the provision for credit losses was $88 thousand.

Non-interest revenue for Q3 2026 totaled $6.0 million, up $608 thousand or 11.2% from Q2 2026, and up $1.2 million or 25.3% from Q3 2025.

• Wealth management revenue totaled $4.8 million in Q3 2026, up $61 thousand or 1.3% from Q2 2026, and up $519 thousand or 12.1% from Q3 2025.
  • Assets Under Administration (AUA) ended the quarter at $2.59 billion, up 0.8% from $2.57 billion at the end of Q2 2026, and up 7.9% from $2.40 billion at the end of Q3 2025.
• Net revenue from brokerage commissions in Q3 2026 was $114 thousand, down from $196 thousand in Q2 2026 and $124 thousand in Q3 2025.
• Non-interest revenue included $174 thousand in swap gain revenue, related to a loan payoff and refinancing. The sale of a portion of a bank-owned building no longer in use generated a gain of $1.1 million; that gain was largely offset by losses on the sale of available-for-sale securities and certain residential loans. The net effect of these transactions contributed $374 thousand to non-interest revenue, and reduced non-interest income by $31 thousand due to related derivatives accounting impacts.
• Separately, the company initiated ongoing mortgage sale activity, generating a gain of $8 thousand.

“We continue to focus on the mix of the balance sheet,” said Sprudzs. “During the quarter we sold $13.3 million in available-for-sale securities and $3.5 million in residential loans. These transactions serve to improve profitability by way of reducing some higher-cost debt balances and allowing lower-yielding assets to be replaced by assets at current market yields.”

Non-interest expense in Q3 2026 was $10.1 million, up $78 thousand (0.8%) from $10.0 million in Q2 2026, and up $1.1 million (11.6%) from $9.0 million in Q3 2025.

The Company’s efficiency ratio declined to 74.0% for Q3 2026, reflecting an 8.4% decrease compared to the third quarter a year ago, and a 7.0% decrease compared to the prior quarter. Excluding the non-recurring non-interest revenue items noted above, the efficiency ratio for the current quarter would have been approximately 77.2%.

The Company’s investments in Low Income Housing Tax Credits and tax-exempt municipal bonds continue to provide tax benefits. In Q3 2026, the net tax expense was $602 thousand, compared to $342 thousand in Q2 2026 and $296 thousand in Q3 2025. The effective tax rate for the third quarter of 2026 was 19.6%, compared to 16.4% for the second quarter of 2026 and 16.1% for the third quarter of 2025.

Balance Sheet Review

The Company’s total assets at September 30, 2026 were $1.16 billion, up $93.8 million or 8.8% over Q2 2026, and up $135.7 million or 13.2% from the end of Q3 2025. The increase was primarily driven by loan growth funded by both retail deposit growth and an increase in wholesale funding.

Gross loans increased $155.9 million, or 24.1% over the last 12 months, while growing $67.3 million or 9.1%, over the prior quarter, to $803.2 million at September 30, 2026. Loan growth continued to be broad based and well spread across several loan categories. Commercial loans increased 17.0% to $448.9 million at September 30, 2026, compared to $383.7 million a year earlier. Residential loans increased 36.0% to $333.9 million at September 30, 2026, compared to $245.4 million a year earlier. Consumer loans increased 13.5% to $20.4 million at September 30, 2026, compared to $17.9 million a year earlier.

“Loan growth during the quarter reflects our disciplined approach to balance sheet management. We have demonstrated our capacity to grow loans prudently, and we remain committed to expanding our retail funding base in step with that growth,” said Sprudzs.

Credit reserves totaled $5.9 million at September 30, 2026, which included $5.6 million in ACL and $230 thousand in liability for unfunded commitments. ACL increased $245 thousand and $1.2 million over Q2 2026 and Q3 2025, respectively, and amounted to 0.70% of gross loan balances at September 30, 2026, down from 0.73% at June 30, 2026, and up from 0.69% at September 30, 2025. The liability for unfunded commitments was down $53 thousand from Q2 2026, and down $337 thousand from Q3 2025. This reserve balance is included in other liabilities on the balance sheet. Net charge-offs totaled $279 thousand in Q3 2026, and the ACL at the end of the quarter provided 2.6 times coverage of non-performing assets. “Credit quality remains strong, and our reserve position reflects a measured approach to evolving credit conditions in our footprint,” said Sprudzs.

Client deposits excluding wealth funds increased $45.8 million, or 7.2%, during Q3 2026 from the previous quarter, and increased $72.5 million, or 11.9%, from a year ago. Wealth management fund deposit balances decreased $9.0 million compared to Q2 2026 and were down $5.1 million over Q3 2025.

The Company continues to focus on maintaining a robust liquidity profile, with a diverse deposit base of approximately 80% retail deposits and 20% commercial deposits. Additionally, approximately 83% of deposits are insured, and the Company has proven access to both unsecured and secured wholesale funding channels.

Quarter over quarter, the Company increased wholesale borrowings and deposits acquired through brokers or listing channels by $55.1 million. The average term of the Company’s wholesale funding was 1.7 years as of September 30, 2026, compared to 2.2 years at the end of the previous quarter.

The Company has significant liquidity resources available to support operations, as it maintains good standing and extensive portfolios pledged at FHLB Boston and the Federal Reserve. The Company had over $158.0 million in readily accessible borrowing capacity as of September 30, 2026.

On September 30, 2026, shareholders’ equity was $64.9 million, up $13 thousand from the prior quarter end, and up $5.5 million or 9.2% from September 30, 2025.

Capital Management

The Bank’s capital ratios continue to exceed the Federal Reserve’s well capitalized thresholds. As expected, capital ratios have declined over the past year due to strategic balance sheet growth. On September 30, 2026, the Company’s book value per share excluding and including AOCI stood at $22.85 and $18.62, respectively, compared to $22.30 and $18.62, respectively, at June 30, 2026, and $21.28 and $17.16, respectively, at September 30, 2025.

Dividend Declaration

On October 29, 2026, the Board of Directors declared a regular quarterly cash dividend of $0.21 per share, payable December 11, 2026, to shareholders of record as of November 20, 2026. The current dividend represents an annualized yield of approximately 3.82% based on recent market prices.

About Ledyard Financial Group

Ledyard Financial Group, Inc., headquartered in Hanover, New Hampshire, is the holding company for Ledyard National Bank, founded in 1991. Ledyard National Bank is a full-service community bank offering a broad range of banking, investment, and wealth management services.

Ledyard Financial Group, Inc. shares can be bought and sold through the NASD sanctioned OTCQX^® Best Markets under the trading symbol LFGP. For additional information about the Company, stock activity, or financial results please visit the Investor Relations section of bank’s website (www.ledyard.bank).

Forward-Looking Statements

Forward-Looking Statements: Certain statements herein constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as “believes,” “will,” “would,” “expects,” “project,” “may,” “could,” “developments,” “strategic,” “launching,” “opportunities,” “anticipates,” “estimates,” “intends,” “plans,” “targets” and similar expressions. These statements are based upon the current beliefs and expectations of Ledyard Financial Group, Inc.’s (the “Company’s”) management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to, changes in interest rates; changes in general business and economic conditions (including inflation and concerns about liquidity) on a national basis and in the local markets in which the Company operates, including changes that adversely affect borrowers’ ability to service and repay the Company’s loans; changes in customer behavior; turbulence in the capital and debt markets and the impact of such conditions on the Company’s business activities; changes in employment levels; increases in loan default and charge-off rates; decreases in the value of securities in the Company’s investment portfolio; fluctuations in real estate values; the possibility that future credit losses may be higher than currently expected due to changes in economic assumptions, customer behavior or adverse economic developments; changes in loan loss reserves; decreases in deposit levels necessitating increased borrowing to fund loans and investments; competitive pressures from other financial institutions; operational risks including, but not limited to, cybersecurity incidents, fraud, natural disasters, war, terrorism, civil unrest, and future pandemics; changes in regulation; changes in accounting standards and practices; the risk that goodwill and intangibles recorded in the Company’s financial statements will become impaired; demand for loans in the Company’s market area; the Company’s ability to attract and maintain deposits; risks related to the implementation of acquisitions, dispositions, and restructurings; and the risk that the Company may not be successful in the implementation of its business strategy. Should one or more of these risks materialize or should underlying beliefs or assumptions prove incorrect, the Company’s actual results could differ materially from those discussed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company disclaims any obligation to publicly update or revise any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes, except as required by law.

Contact:
Peter J. Sprudzs, CFO
(603) 640-2743
Peter.sprudzs@ledyard.bank

		For the Three Months Ended
Income Statement (unaudited, $000s)			9/30/2026					6/30/2026					9/30/2025
Net interest income before provision		$	7,626				$	6,965				$	6,174
Provision for credit losses			471					271					88
Net interest income after provision			7,155					6,694					6,086
Wealth management revenue			4,822					4,761					4,303
Net Gain on Asset Sales			556					–					–
Other non-interest income			638					647					498
Total non-interest income			6,016					5,408					4,801
Total revenue			13,171					12,102					10,887
Non-interest expense			10,098					10,020					9,049
Pre-tax income			3,073					2,082					1,838
Tax expense			602					342					296
Net income		$	2,471				$	1,740				$	1,542
		For the Three Months Ended
Other Operating Metrics			9/30/2026					6/30/2026					9/30/2025
Earnings per common share, basic		$	0.74				$	0.52				$	0.46
Earnings per common share, diluted		$	0.73				$	0.52				$	0.46
Dividends per common share		$	0.21				$	0.21				$	0.21
Return on assets			0.90%					0.66%					0.58%
Return on equity			15.08%					10.94%					10.31%
Net interest margin			2.91%					2.81%					2.54%
Efficiency ratio			74.02%					80.98%					82.45%

Balance Sheet (unaudited, $000s)			9/30/2026				6/30/2026				9/30/2025
Investments & interest-bearing deposits		$	289,495			$	274,459			$	322,562
Gross loans			803,169				735,869				647,309
Allowance for credit losses			(5,636)				(5,391)				(4,442)
Net loans			797,533				730,478				642,867
Premises, equipment & other assets			77,718				66,007				64,608
Total assets		$	1,164,746			$	1,070,944			$	1,029,037
Client deposits		$	825,690			$	788,896			$	758,355
Brokered & institutional deposits			88,192				82,668				88,049
Borrowings			155,166				105,586				92,982
Subordinated debt			18,000				18,000				18,000
Other liabilities			12,807				10,916				12,242
Total liabilities			1,099,855				1,006,066				969,628
Capital			81,565				79,635				75,339
Accumulated other comprehensive loss			(14,736)				(12,819)				(14,286)
Treasury stock			(1,938)				(1,938)				(1,644)
Total shareholders’ equity			64,891				64,878				59,409
Total liabilities and equity		$	1,164,746			$	1,070,944			$	1,029,037
Other Metrics (as of stated date)			9/30/2026				6/30/2026				9/30/2025
Book value per share (excluding AOCI)		$	22.85			$	22.30			$	21.28
Book value per share (including AOCI)		$	18.62			$	18.62			$	17.16
Leverage ratio			6.76%				6.91%				6.72%
Risk based capital ratio			12.66%				13.67%				13.72%
Allowance to total loans			0.70%				0.73%				0.69%
Allowance to non-performing assets			256%				210%				371%
Assets under management (billions) Custody Assets (billions) Other Wealth Assets (billions) Assets Under Administration (billions)			$2.242 0.220 0.128 $2.590				$2.231 0.223 0.116 $2.570				$2.074 0.234 0.091 $2.399
Shares of common stock issued			3,618,145				3,618,005				3,578,700
Treasury shares			133,298				133,298				115,998
Stock price – high		$	22.50			$	17.81			$	14.30
Stock price – low		$	17.98			$	16.80			$	13.35
Stock price – average		$	21.44			$	17.02			$	13.93

ATHENS, Greece, Oct. 30, 2026 (GLOBE NEWSWIRE) — Capital Clean Energy Carriers Corp. (the “Company”, “CCEC”, “we” or “us”) (NASDAQ: CCEC), an international owner of ocean-going vessels, today released its financial results for the third quarter ended September 30, 2026.

Key Highlights

• Took delivery of one Liquefied Natural Gas Carrier (“LNG/C”), one Handy Liquefied CO2 Multi-Gas Carrier (“HMG/C”) and one dual-fuel Medium Gas Carrier (“MG/C”)
• Secured new employment for two LNG/Cs and four gas carriers, including a one-year index-linked time charter for one of the six LNG/Cs under construction and a one-year time charter for the MG/C Aridaios
• Achieved third-quarter daily time charter equivalent (“TCE”) rates of $83,862 for the LNG/C fleet and $40,987 for the Gas Fleet
• Declared a dividend of $0.15 per share for the third quarter of 2026

Management Commentary
Mr. Jerry Kalogiratos, Chief Executive Officer of CCEC, commented: “The third quarter of 2026 was defined by continued uncertainty in the Middle East, with only intermittent LNG transits through the Strait of Hormuz. Although partly cushioned by growing North American liquefaction capacity, the resulting loss of Middle East volumes tightened the Atlantic Basin LNG market, with European storage at multi-year lows ahead of winter and Asian buyers competing for US cargoes. At the same time, elevated newbuild deliveries and greater vessel availability led to a softening of the LNG shipping spot market from first-half levels. Our strategy of employing latest-generation vessels on long-term charters with high-quality counterparties has insulated CCEC from this short-term volatility.

Year to date, we have taken delivery of eight vessels (three LNG/Cs, two MG/Cs and three HMG/Cs), with a further eight scheduled for delivery in 2027, marking a significant acceleration in the build-out of the CCEC platform. Our fleet in the water now comprises 15 latest-generation LNG/Cs, three HMG/Cs, two MG/Cs and one legacy Neo-Panamax container vessel, with another six LNG/Cs, four MG/Cs, one HMG/C and one Liquefied Natural Gas Bunkering Vessel (“LNGB/V”) on order.

CCEC is the largest US-listed LNG carrier shipping company by fleet size, with a substantial and growing presence in the LPG market, underpinned by contracted fleet growth through 2029. The average firm contract duration stands at 6.4 years for our LNG/C fleet and 0.7 years for our LPG/multi-gas fleet. Contracted revenues of approximately $2.8 billion, rising to approximately $4.2 billion if all charter options are exercised, provide us with strong cash flow visibility.

Looking ahead, we expect the LNG shipping market to remain volatile in view of the geopolitical uncertainty that currently affects LNG shipping volumes, vessel supply and commodity arbitrage. We are, however, confident in the long-term fundamentals. The wave of new liquefaction capacity coming online through the end of the decade, together with an increased desire for energy security, should underpin demand for LNG. In addition, the need to replace older, less efficient tonnage should drive demand for modern LNG carriers. These fundamentals leave CCEC well positioned to deliver long-term value for our shareholders.”

Fleet Update – LNG/Cs
The Company took delivery of the LNG/C Alcaios I (HD Hyundai Samho Co., Ltd., 174,000 cubic meters (“CBM”)) on July 31, 2026. The vessel immediately commenced its previously announced employment under an 18-month index-linked time charter. The acquisition of the LNG/C Alcaios I was funded with cash on hand and $170.0 million of excess proceeds raised through the refinancing of two existing sale and leaseback facilities for the LNG/Cs Aristos I and Aristarchos. The vessel was added as additional security by way of mortgage under the refinanced facilities, which have a 10-year term.

Alcaios I is the 15th latest-generation LNG/C delivered to the Company.

The Company has also secured a one-year index-linked time charter, commencing upon delivery from the shipyard, for the LNG/C Athlos, the second of its six LNG/Cs under construction, which is scheduled for delivery in the first quarter of 2027. Upon completion of this employment, the vessel will commence its previously announced seven-year time charter.

The previously announced sale of the LNG/C Amore Mio I (2023-built, 174,000 CBM) to a subsidiary of the joint venture company owned 51% by CCEC and 49% by a company affiliated with BGN (the “LNG/C Joint Venture”) for $230.0 million is expected to close in the first quarter of 2027, upon which the vessel will commence its 10-year time charter (with two three-year extension options) to BGN INT DMCC. In the meantime, following the completion of its previous employment, the vessel has commenced an interim time charter that runs until its delivery to the LNG/C Joint Venture.

Fleet Update – MG/Cs and HMG/Cs
On July 23, 2026, the Company took delivery of the MG/C Aridaios (HD Hyundai Heavy Industries Co., Ltd., a 45,000 CBM dual-fuel LPG carrier), which is currently employed under a short-term charter ending in the fourth quarter of 2026, after which it will commence a time charter with a duration of one year. The acquisition of the MG/C Aridaios was financed with cash on hand and a seven-year sale and leaseback facility of $54.7 million. Under the facility, the Company may borrow an additional amount of up to $11.7 million if the vessel secures employment for longer than 36 months.

On September 9, 2026, the Company took delivery of the HMG/C Alkimos (HD Hyundai Samho Co., Ltd., 22,000 CBM). In October 2026, the vessel commenced a time charter with an expected duration through May 2027. The acquisition of the Alkimos was financed with cash on hand and a 12-year ECA-backed loan of $52.8 million. Under the terms of this loan, the Company may borrow an additional amount of up to $8.1 million if the vessel secures longer-term employment.

The Alkimos is the third latest-generation HMG/C delivered to the Company, bringing the total number of vessels in the water to 21.

In addition, the HMG/Cs Active and Amadeus have secured follow-on employment under time charters of nine and five months, respectively, with expected durations through the second quarter of 2027.

Under-Construction Fleet Update
The Company’s under-construction fleet includes six latest-generation LNG/Cs (referred to below as the “Newbuild LNG/Cs”), four MG/Cs and one HMG/C (referred to below as the “Gas Fleet”) and one LNGB/V (50% ownership through joint venture). The following table sets out the Company’s schedule of expected capex payments for its under-construction fleet:

($ mn)	Q4 26	Q1 27	Q2 27	Q3 27	Q4 27	Q1 28	Q2 28	Q3 28	Q4 28	Q1 29	Total
Newbuild LNG/Cs	—	456.9	24.7	49.4	24.7	24.7	24.7	186.3	—	372.8	1,164.2
Gas Fleet	13.1	183.8	—	35.8	—	—	—	—	—	—	232.7
LNGB/V (50%)	—	—	—	4.1	4.1	4.1	—	24.8	—	—	37.1
Total	13.1	640.7	24.7	89.3	28.8	28.8	24.7	211.1	—	372.8	1,434.0

Overview of the Third Quarter 2026 Financial Results
Key Financial Highlights (continuing operations)
	Three-month periods ended September 30,
	2026	2025	Increase / (Decrease)
Revenues, net	$138.1 million	$95.6 million	44%
Expenses	$69.3 million	$47.4 million	46%
Interest expense and finance cost	$33.7 million	$25.5 million	32%
Net Income	$34.6 million	$22.7 million	52%
Average number of vessels[1]	19.7	13.0	52%

¹ Average number of vessels is measured by aggregating the number of days each vessel was part of our fleet during the period and dividing such aggregate number by the number of calendar days in the period.

Net income for the quarter ended September 30, 2026, was $34.6 million, compared to net income of $22.7 million for the third quarter of 2025.

Total revenues for the quarter ended September 30, 2026, were $138.1 million, compared to $95.6 million during the third quarter of 2025. The increase in revenue was mainly attributed to the increase in the average number of vessels in our fleet following the deliveries of our three HMG/Cs on January 5, April 30 and September 9, 2026, our first two dual-fuel MG/Cs on June 4 and July 23, 2026, and three additional LNG/Cs on June 2, June 17 and July 31, 2026. Revenue also benefited from the increase in available days of the LNG/Cs Aristos I and Aristidis I, which underwent their five-year special surveys in the third quarter of 2025. These increases were partly offset by the off-hire days incurred by the LNG/Cs Attalos and Asklipios while passing their five-year special surveys during the quarter.

Total expenses for the quarter ended September 30, 2026, were $69.3 million, compared to $47.4 million in the third quarter of 2025. Voyage expenses during the third quarter of 2026 amounted to $9.0 million, compared to $2.2 million during the third quarter of 2025. The increase was mainly attributable to voyage expenses incurred by certain of our vessels during the period from their delivery from the yard until commencing their employment, and ballast legs associated with certain of our vessels passing their five-year special survey.

Vessel operating expenses during the third quarter of 2026 amounted to $25.9 million, compared to $19.7 million during the third quarter of 2025. The increase in vessel operating expenses was mainly attributable to the increase in the average number of vessels in our fleet. Vessel operating expenses for the third quarter of 2026 included $3.7 million in connection with the passing of the five-year special survey of the LNG/Cs Attalos and Asklipios, compared to $5.1 million in connection with the passing of the five-year special survey of the LNG/Cs Aristos I and Aristidis I in the third quarter of 2025.

Total expenses for the third quarter of 2026 also include vessel depreciation and amortization of $30.4 million, compared to $21.8 million in the third quarter of 2025. The increase in depreciation and amortization during the third quarter of 2026 was mainly attributable to the increase in the average number of vessels in our fleet. General and administrative expenses for the third quarter of 2026 increased to $3.9 million, compared to $3.6 million in the third quarter of 2025.

Total other expense, net for the quarter ended September 30, 2026, was $34.2 million, compared to $25.6 million in the third quarter of 2025. Total other expense, net includes interest expense and finance cost of $33.7 million for the third quarter of 2026, compared to $25.5 million for the third quarter of 2025. The increase in interest expense and finance cost mainly reflects the increase in our average indebtedness following the financing of the vessels delivered to the Company during 2026, partly offset by the decrease in the weighted average interest rate charged on our debt compared to the third quarter of last year.

Quarterly Dividend Distribution
On October 22, 2026, the Board of Directors of the Company declared a cash dividend of $0.15 per share for the third quarter of 2026 payable on November 12, 2026, to shareholders of record on November 3, 2026.

Company Capitalization
As of September 30, 2026, total cash amounted to $286.6 million. Total cash includes restricted cash of $17.7 million, which mainly represents the minimum liquidity requirement under our financing arrangements.

As of September 30, 2026, the Company’s total shareholders’ equity amounted to $1,586.7 million, an increase of $87.4 million compared to $1,499.4 million as of December 31, 2025. The increase during the nine-month period ended September 30, 2026, reflects net income (including net income from discontinued operations) of $85.5 million, amortization associated with the equity incentive plan of $4.4 million, $17.3 million of common shares issued under our Dividend Reinvestment Plan, net of expenses, and other comprehensive income of $12.2 million relating to the net effect of the financial instruments we issued to hedge against our foreign currency and interest rate risks which we designated as accounting hedges. These were partly offset by dividends declared during the period for a total amount of $27.0 million and $5.1 million of common shares repurchased under our share repurchase program.

As of September 30, 2026, the Company’s total debt was $3,195.6 million compared to $2,454.3 million as of December 31, 2025 (including discontinued operations). The required annual debt repayments subsequent to September 30, 2026, are as follows:

For the twelve-month period ending September 30,	Amount ($ million)
2027	147.7
2028	145.7
2029	262.6
2030	151.6
2031	813.9
Thereafter	1,674.1
Total	3,195.6

As of September 30, 2026, the weighted average margin on our floating debt, amounting to $2,485.5 million, was 1.7% over SOFR and the weighted average all-in interest rate on our fixed-rate debt, amounting to $710.1 million, was 4.8%. For the three-month periods ended September 30, 2026 and 2025, the weighted average interest rate on the Company’s long-term debt was 4.9% and 5.1%, respectively.

Hedging Program
As of September 30, 2026, approximately 78% of CCEC’s debt portfolio was exposed to floating interest rates, with the remaining 22% at fixed rates. The three-year zero-cost interest rate collars executed during the second and third quarters of 2026 cover $800.0 million of floating-rate borrowings, with a weighted average floor of 3.7% and a cap of 4.3%. As a result, approximately 47% of total debt is currently either fixed-rate or protected against rising interest rates.

Dividend Reinvestment Plan (“DRIP”)
The Company has implemented a Dividend Reinvestment Plan to provide our shareholders with a convenient and economical way to reinvest cash dividends to purchase our common shares. The DRIP is open to our existing shareholders and investors who will become our shareholders in the future outside of the DRIP. During the nine-month period ended September 30, 2026, the Company issued 813,419 common shares under the DRIP at an average price of $21.43 per share, gross of issuance costs, of which 262,082 common shares were issued during the third quarter of 2026.

As of September 30, 2026, the total common shares outstanding were 60,420,680 (excluding 871,061 common shares held in treasury).

Share Repurchase Program
In April 2026, the Board of Directors approved a share repurchase program, providing the Company with authorization to repurchase up to $20.0 million of the Company’s common shares, effective for a period of two years.

During the three-month period ended September 30, 2026, the Company repurchased 131,181 common shares at an average price of $22.57 per share, for a total consideration of $3.0 million. Since the commencement of the program and through September 30, 2026, the Company has repurchased 230,592 common shares at an average price of $22.12 per share, for a total consideration of $5.1 million. These shares were retired and cancelled.

Annual Meeting of Shareholders and Board Changes
On September 22, 2026, the Company held its Annual Meeting of Shareholders in Piraeus, Greece. Seven directors were re-elected to serve until the 2027 Annual Meeting of Shareholders, Mr. Gurpal Grewal retired from the Board of Directors and Ms. Janet DiFiore was elected to the Board of Directors. Ms. DiFiore has 40 years of experience as a prosecutor, trial lawyer, trial judge and appellate judge, including as Chief Judge of the New York Court of Appeals and the State of New York, and has held senior leadership and executive positions in the public sector for more than 25 years.

LNG Market Update
The LNG shipping market weakened during the third quarter of 2026, as the geopolitical risk premium that had supported freight rates earlier in the year gradually faded and increasing vessel availability began to outweigh cargo demand. Atlantic two-stroke spot rates averaged $51,039 per day during the quarter, while Pacific rates averaged $56,157 per day. The quarter nevertheless saw considerable volatility, with Atlantic rates trading above $90,000 per day at the outset before falling to a quarterly low of around $10,000 per day during August and subsequently recovering somewhat towards quarter-end.

The principal driver of the weaker spot market was an increasingly long tonnage position across both basins. Independent vessels, relets and ships operating on increasingly short rotations due to lower tonne-mile demand provided charterers with ample availability, while periods of limited cargo enquiry intensified competition between owners. The Atlantic Basin experienced the greatest pressure, although the Pacific also softened as regional vessel availability increased. A late-quarter increase in US Gulf requirements provided some support and demonstrated the market’s ability to tighten quickly when cargo demand accelerates, but the depth of available tonnage ultimately limited the sustainability of the recovery.

The term market proved considerably more resilient than the spot market, particularly for longer-dated employment. Shorter-term rates moved lower alongside the spot correction, with six-month two-stroke assessments reaching approximately $50,000 per day and one-year levels around $55,000 per day during the quarter. Conversely, rates for employment of three years and longer remained broadly stable, suggesting that market participants continued to view the weakness primarily as a near-term tonnage imbalance rather than a deterioration in the underlying long-term fundamentals of LNG shipping. Charterers nevertheless maintained a preference for flexibility, with much of the shorter-term interest focused on securing modern tonnage for firm periods through the winter and into 2027 with optionality at the back.

Newbuilding activity remained healthy during the third quarter, with seven LNG carriers ordered across the quarter, including vessels supported by long-term charter commitments, as well as a growing number of speculative orders. Scrapping activity remained limited despite the continued pressure on older, less efficient tonnage: seven LNG carriers were sold for demolition during the first nine months of 2026, only one of which was sold in the third quarter. Overall, the third quarter highlighted a pronounced disconnect between weak prompt fundamentals and more constructive longer-term sentiment.

LPG Market Update
Market conditions across both the MGC and Handy segments strengthened further during the third quarter. Three factors drove the market: continued disruption at the Strait of Hormuz, growing constraints at the Panama Canal, and record US LPG exports. Together they tightened effective fleet supply, lengthened trade routes and raised demand for Atlantic Basin tonnage.

At the Strait of Hormuz, the transit window closed again almost immediately after a brief reopening. Middle East LPG and ammonia exports remained largely shut in, forcing buyers to keep sourcing cargoes from the United States, West Africa and South America. Renewed uncertainty drove a strong rebound in the VLGC market, and the effect spread to the smaller segments.

Falling water levels ahead of a potential El Niño led the Panama Canal Authority to suspend Panamax daily auctions from July 25, cutting daily booking capacity. With Panamax VLGCs expected to make up around 16% of the global VLGC fleet by year-end, the LPG sector is increasingly exposed. Longer waits and higher transit costs absorbed VLGC capacity on the US–Asia route, pushing more US cargoes onto MGCs and onto longer routes via the Cape of Good Hope.

Together, these factors kept tonne-mile demand elevated and steadily reduced vessel availability through the quarter. By quarter-end, both segments were effectively sold out in the West.

The MGC segment remained structurally tight throughout the quarter. With owner-controlled tonnage scarce, trader relets were the main source of supply in July, and by mid-quarter US August positions were fully committed. A wave of fixing in September cleared the remaining list, with some units fixed on time charters of 12 months or more at firm levels. US MGC LPG loadings reached a record 50 in September. With disruption expected to persist through the fourth quarter, newbuildings to be delivered in the first quarter of 2027 are already attracting firm term bids.

The Handy segment again benefited from spillover demand, though the quarter was more volatile. In July, the West position list lengthened as MGC tonnage briefly became available. At the same time, the closing ethane arbitrage pushed ethylene-capable vessels into the LPG pool, weighing on semi-refrigerated spot rates, which briefly fell below $20,000 per day. Conditions reversed sharply in September as MGC tonnage sold out. As a result, spot earnings recovered quickly, with the most recent fixtures concluded above $40,000 per day by quarter-end.

Overall, disruption at Hormuz and Panama, combined with record US LPG exports, underpinned a firm chartering environment through the quarter. One-year time charter rates for fully refrigerated conventional 40,000 CBM MGCs were assessed at approximately $43,000 per day, a significant improvement on the second quarter, while one-year rates for semi-refrigerated Handy vessels remained broadly unchanged at approximately $32,000 per day.

Conference Call and Webcast
On Friday, October 30, 2026, Capital Clean Energy Carriers will host an interactive conference call at 17.30 CET (12:30 p.m. U.S. Eastern time), where the Company’s management will present the results of the third quarter of 2026 and will be available to take questions.

Participants will need to register online prior to the conference call via the link below:

https://engagestream.euronext.com/ccec/2026-10-20-bokqxxkwl3/dial-in

Dial-in details will be available when registered. After registering, you will receive the number to call and your personal ID. We advise you to call in 5 minutes before the conference call starts. If you want to ask a question, you can press #5 on your telephone keypad. If you want to retract your question, please press #6. A Q&A session will be held after the teleconference/webcast. Information on how to submit questions will be given at the beginning of the session.

Slides and Audio Webcast
There will also be a live webcast of the conference call and accompanying slides, available through our website, under the Webcasts & Presentations on our Investor Relations page. An archived webcast will be available on demand following the completion of the call.

To register and access the live webcast, please use the following link:

https://ccec.engagestream.euronext.com/2026-10-20-bokqxxkwl3

The presentation materials can be downloaded from www.capitalcleanenergycarriers.com

About Capital Clean Energy Carriers Corp.
Capital Clean Energy Carriers Corp. (NASDAQ: CCEC), an international shipping company, is a leading platform of gas carriage solutions with a focus on energy transition. CCEC’s in-the-water fleet comprises 21 high-specification vessels, including 15 latest-generation LNG/Cs, one legacy Neo-Panamax container vessel, three HMG/Cs and two MG/Cs. In addition, CCEC’s under-construction fleet includes six additional latest-generation LNG/Cs, four MG/Cs, one HMG/C and one LNGB/V to be delivered between the first quarter of 2027 and the first quarter of 2029.

For more information about the Company, please visit: www.capitalcleanenergycarriers.com

Forward-Looking Statements
The statements in this press release that are not historical facts, including, among other things, statements related to CCEC’s delivery of strategic goals, ability to pursue growth opportunities and expectations or objectives regarding future vessel deliveries, vessel financing, the completion of the sale of the LNG/C Amore Mio I, charter rate and revenue streams, expectations and share repurchases, are forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). These forward-looking statements involve risks and uncertainties that could cause the stated or forecasted results to be materially different from those anticipated. For a discussion of factors that could materially affect the outcome of forward-looking statements and other risks and uncertainties, see “Risk Factors” in our annual report filed with the SEC on Form 20-F for the year ended December 31, 2025, filed on April 27, 2026. Unless required by law, CCEC expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in its views or expectations, to conform them to actual results or otherwise. CCEC does not assume any responsibility for the accuracy and completeness of the forward-looking statements. You are cautioned not to place undue reliance on forward-looking statements.

Contact Details:

Investor Relations / Media
Brian Gallagher
EVP Investor Relations
Tel. +44 (770) 368 4996
E-mail: b.gallagher@capitalmaritime.com

Nicolas Bornozis / Markella Kara
Capital Link, Inc. (New York)
Tel. +1-212-661-7566
E-mail: ccec@capitallink.com

The unaudited interim condensed consolidated financial statements, included in this report for the three- and nine-month periods ended September 30, 2026, have been prepared in conformity with accounting principles generally accepted in the United States of America (US GAAP) for interim financial information, except that they do not include the notes and all the information required by US GAAP for complete financial statements.

Capital Clean Energy Carriers Corp. Unaudited Condensed Consolidated Statements of Comprehensive Income (In thousands of United States Dollars, except for number of shares and earnings per share)
	For the three-month periods ended September 30,				For the nine-month periods ended September 30,
	2026		2025		2026		2025
Revenues, net	138,135		95,605		341,040		294,358
Expenses:
Voyage expenses	8,999		2,241		17,398		5,258
Vessel operating expenses	22,136		17,430		59,655		44,881
Vessel operating expenses – related parties	3,794		2,295		9,119		6,832
General and administrative expenses	3,930		3,599		11,611		11,643
Vessel depreciation and amortization	30,447		21,793		77,640		65,328
Operating income, net	68,829		48,247		165,617		160,416
Other (expense) / income, net:
Interest expense and finance cost	(33,703)		(25,500)		(82,082)		(79,221)
Other (expense) / income, net	(482)		(65)		(1,586)		3,846
Total other expense, net	(34,185)		(25,565)		(83,668)		(75,375)
Net income from continuing operations	34,644		22,682		81,949		85,041
Net (loss) / income from discontinued operations	(33)		1,078		3,527		49,200
Net income from operations	34,611		23,760		85,476		134,241
Net income from continuing operations per:
• Common share, basic	0.57		0.38		1.36		1.45
• Common share, diluted	0.57		0.38		1.36		1.44
Weighted-average shares outstanding:
• Common shares, basic	60,346,082		58,934,677		60,183,806		58,791,023
• Common shares, diluted	60,652,010		59,309,263		60,397,369		59,020,011
Net income from discontinued operations per:
• Common share, basic	–		0.02		0.06		0.84
• Common share, diluted	–		0.02		0.06		0.83
Weighted-average shares outstanding:
• Common shares, basic	60,346,082		58,934,677		60,183,806		58,791,023
• Common shares, diluted	60,652,010		59,309,263		60,397,369		59,020,011
Net income from operations per:
• Common share, basic	0.57		0.40		1.42		2.28
• Common share, diluted	0.57		0.40		1.42		2.27
Weighted-average shares outstanding:
• Common shares, basic	60,346,082		58,934,677		60,183,806		58,791,023
• Common shares, diluted	60,652,010		59,309,263		60,397,369		59,020,011

Capital Clean Energy Carriers Corp. Unaudited Condensed Consolidated Balance Sheets (In thousands of United States Dollars)
	As of September 30, 2026	As of December 31, 2025
Assets
Current assets
Cash and cash equivalents	268,948	273,843
Restricted cash	–	7,024
Trade accounts receivable	22,224	8,437
Prepayments and other assets	7,847	7,437
Inventories	9,583	3,982
Claims	929	1,044
Current assets of discontinued operations	855	124,238
Total current assets	310,386	426,005
Fixed assets
Advances for vessels under construction – related party	–	54,000
Vessels, net and vessels under construction	4,529,694	3,516,778
Total fixed assets	4,529,694	3,570,778
Other non-current assets
Above market acquired charters	42,711	66,597
Deferred charges, net	8,105	3,483
Restricted cash	17,691	14,023
Derivative asset	21,235	13,682
Prepayments and other assets	10,760	546
Total non-current assets	4,630,196	3,669,109
Total assets	4,940,582	4,095,114
Liabilities and Shareholders’ Equity
Current liabilities
Current portion of long-term debt, net	143,168	122,144
Trade accounts payable	21,658	11,129
Due to related parties	5,168	5,607
Accrued liabilities	56,882	37,717
Deferred revenue	27,333	29,413
Current liabilities of discontinued operations	12,351	103,514
Total current liabilities	266,560	309,524
Long-term liabilities
Long-term debt, net	3,024,760	2,232,193
Below market acquired charters	53,545	53,531
Deferred revenue	355	499
Derivative liabilities	8,613	–
Total long-term liabilities	3,087,273	2,286,223
Total liabilities	3,353,833	2,595,747
Total shareholders’ equity	1,586,749	1,499,367
Total liabilities and shareholders’ equity	4,940,582	4,095,114

Capital Clean Energy Carriers Corp. Unaudited Condensed Consolidated Statements of Cash Flows (In thousands of United States Dollars)
	For the nine-month periods ended September 30,
	2026		2025
Cash flows from operating activities of continuing operations:
Net income from operations	85,476		134,241
Less: Net income from discontinued operations	3,527		49,200
Net income from continuing operations	81,949		85,041
Adjustments to reconcile net income to net cash provided by operating activities:
Vessel depreciation and amortization	77,640		65,328
Amortization and write-off of deferred financing costs	3,718		2,786
Amortization / accretion of above / below market acquired charters	14,666		16,921
Amortization of ineffective portion of derivatives	(156)		(156)
Equity compensation expense	4,782		4,783
Change in fair value of derivatives	–		(19,905)
Unrealized bonds exchange differences	104		19,262
Changes in operating assets and liabilities:
Trade accounts receivable	(13,787)		(2,716)
Prepayments and other assets	(6,483)		310
Due from related party	–		1,131
Inventories	(5,601)		403
Claims	–		(752)
Trade accounts payable	10,121		(4,156)
Due to related parties	(439)		2,132
Accrued liabilities	18,556		6,553
Deferred revenue	(2,224)		(956)
Dry Docking – paid	(4,913)		(1,083)
Net cash provided by operating activities of continuing operations	177,933		174,926
Cash flows from investing activities of continuing operations:
Vessel acquisitions, vessels under construction and improvements including time and bareboat charter agreements	(1,026,629)		(180,247)
Expenses paid for the sale of vessel	–		(220)
Advance for equity investment acquisition	(4,141)		–
Proceeds from insurance claims	115		–
Net cash used in investing activities of continuing operations	(1,030,655)		(180,467)
Cash flows from financing activities of continuing operations:
Proceeds from long-term debt	1,542,922		–
Deferred financing costs paid	(15,602)		(282)
Payments of long-term debt	(703,871)		(90,554)
Rights offering costs paid	(83)		(499)
Dividends paid	(9,536)		(18,456)
Proceeds from offering, net of commissions paid	–		196
Repurchase of common shares	(5,108)		–
Net cash provided by / (used in) financing activities of continuing operations	808,722		(109,595)
Net decrease in cash, cash equivalents and restricted cash from continuing operations	(44,000)		(115,136)
Cash flows from discontinued operations
Operating activities	469		8,078
Investing activities	119,655		112,201
Financing activities	(84,375)		(8,677)
Net increase in cash, cash equivalents and restricted cash from discontinued operations	35,749		111,602
Net decrease in cash, cash equivalents and restricted cash	(8,251)		(3,534)
Cash, cash equivalents and restricted cash at the beginning of the period	294,890		335,175
Cash, cash equivalents and restricted cash at the end of the period	286,639		331,641
Supplemental cash flow information
Cash paid for interest net of interest capitalized during the construction period	70,915		82,443
Non-Cash Investing and Financing Activities
Capital expenditures included in liabilities	2,924		3,000
Capitalized dry-docking costs included in liabilities	4,663		4,426
Deferred financing and offering costs included in liabilities	69		136
Expenses for sale of vessels included in liabilities	3,872		–
Dividends reinvestment plan issuance of new shares	17,424		8,155
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	268,948		310,095
Restricted cash – non-current assets	17,691		21,546
Total cash, cash equivalents and restricted cash shown in the statements of cash flows	286,639		331,641

Appendix A         

I.      Discontinued Operations – Vessels

Name of Vessel	Type	TEU	Memorandum of Agreement Date	Delivery
M/V Akadimos	Neo Panamax Container Vessel	9,288	January 31, 2024	March 8, 2024
M/V Long Beach Express	Panamax Container Vessel	5,089	December 15, 2023	February 26, 2024
M/V Seattle Express	Panamax Container Vessel	5,089	February 14, 2024	April 26, 2024
M/V Fos Express	Panamax Container Vessel	5,089	February 14, 2024	May 3, 2024
M/V Athenian	Neo Panamax Container Vessel	9,954	March 1, 2024	April 22, 2024
M/V Athos	Neo Panamax Container Vessel	9,954	March 1, 2024	April 22, 2024
M/V Aristomenis	Neo Panamax Container Vessel	9,954	March 1, 2024	May 3, 2024
M/V Hyundai Premium	Neo Panamax Container Vessel	5,023	September 12, 2024	November 22, 2024
M/V Hyundai Paramount	Neo Panamax Container Vessel	5,023	September 12, 2024	December 20, 2024
M/V Hyundai Prestige	Neo Panamax Container Vessel	5,023	September 12, 2024	December 5, 2024
M/V Hyundai Privilege	Neo Panamax Container Vessel	5,023	September 12, 2024	January 10, 2025
M/V Hyundai Platinum	Neo Panamax Container Vessel	5,023	September 12, 2024	March 10, 2025
M/V Manzanillo Express	Neo Panamax Container Vessel	13,312	August 7, 2025	October 6, 2025
M/V Buenaventura Express	Neo Panamax Container Vessel	13,696	October 29, 2025	January 19, 2026

   

 II.      Discontinued Operations – Unaudited Interim Condensed Consolidated Statements of Comprehensive Income

(In thousands of United States Dollars) 

	For the three-month periods ended September 30,				For the nine-month periods ended September 30,
	2026		2025		2026		2025
Revenues	–		7,504		719		24,773
Expenses / (income), net:
Voyage expenses	–		179		18		567
Vessel operating expenses	28		1,388		262		5,335
Vessel operating expenses – related party	–		214		13		721
Vessel depreciation and amortization	–		1,735		–		6,586
Gain on sale of vessels	–		–		(4,171)		(46,213)
Operating (loss) / income, net	(28)		3,988		4,597		57,777
Other (expense) / income, net:
Interest expense and finance cost	–		(2,913)		(1,075)		(8,795)
Other (expense) / income, net	(5)		3		5		218
Total other (expense) / income, net	(5)		(2,910)		(1,070)		(8,577)
Net (loss) / income from discontinued operations	(33)		1,078		3,527		49,200

During the nine-month period ended September 30, 2026, the Company disposed of the M/V Buenaventura Express, recognizing a gain on sale of vessel of $4.2 million.

III.      Discontinued Operations – Unaudited Condensed Selected Balance Sheets Information

(In thousands of United States Dollars) 

	As of September 30, 2026	As of December 31, 2025
Cash and cash equivalents	48	680
Trade accounts receivable	252	92
Prepayments and other assets	506	1,205
Claims	49	49
Assets held for sale	–	122,212
Current assets of discontinued operations	855	124,238
Trade accounts payable	3,876	2,446
Accrued liabilities	8,475	9,017
Liabilities associated with vessel held for sale	–	92,051
Current liabilities of discontinued operations	12,351	103,514

On October 29, 2025, the Company entered into a Memorandum of Agreement (“MOA”) to sell the M/V Buenaventura Express to an unaffiliated party for total consideration of $120.1 million. At that date, the Company considered that the M/V Buenaventura Express met the criteria to be classified as held for sale and was included in “Current assets of discontinued operations” in the summarized unaudited condensed selected balance sheet information from discontinued operations as of December 31, 2025. As of the MOA date, the M/V Buenaventura Express’s fair value less estimated costs to sell exceeded its carrying amount, so no impairment charge was recognized. The vessel was delivered to its new owner on January 19, 2026.

Appendix B
The following table reflects our ownership days, available days, operating days, average number of vessels and daily time charter equivalent for the periods indicated. 

	For the three-month periods ended September 30,
		2026						2025
	LNG/C		LPG/C		Container		LNG/C		LPG/C	Container
Ownership days (1)		1,350		368		92		1,104	–		92
Available days (2)		1,316		367		92		1,066	–		92
Operating days (3)		1,310		314		92		1,066	–		91
Bareboat charter days (4)		184		–		–		184	–		–
Average number of vessels (5)		14.7		4.0		1.0		12.0	–		1.0
Daily time charter equivalent (TCE) rate (6)		$83,862		$40,987		$40,576		$84,123	–		$40,133

	For the nine-month periods ended September 30,
		2026						2025
	LNG/C		LPG/C		Container		LNG/C		LPG/C	Container
Ownership days (1)		3,565		633		273		3,276	–		273
Available days (2)		3,494		633		273		3,238	–		273
Operating days (3)		3,488		526		273		3,231	–		272
Bareboat charter days (4)		546		–		–		517	–		–
Average number of vessels (5)		13.1		2.3		1.0		12.0	–		1.0
Daily time charter equivalent (TCE) rate (6)	$	83,653	$	32,038	$	40,582	$	85,874	–	$	40,454

Definitions:
(1) Ownership days are the aggregate number of days in a period during which each vessel in our fleet has been owned by us.
(2) Available days are the number of our ownership days less the aggregate number of days that our vessels are off-hire due to scheduled repairs or repairs under guarantee, vessel upgrades or special surveys.
(3) Operating days are the number of available days in a period less the aggregate number of days that the vessels are off-hire due to any reason, including unforeseen circumstances.
(4) Bareboat charter days are the aggregate number of days in a period during which the vessels in our fleet are subject to a bareboat charter.
(5) Average number of vessels is measured by the sum of the number of days each vessel was part of our fleet during a relevant period divided by the number of calendar days in such period.
(6) Time Charter Equivalent (TCE) rates are our revenue less voyage expenses (“Net Revenue”) during a period divided by the number of our available days during the period. TCE is a non-GAAP metric. TCE rate is a standard shipping industry performance metric used primarily to compare period-to-period changes in a shipping company’s performance despite changes in the mix of charter types (i.e., voyage charters, time charters, and bareboat charters) under which its vessels may be employed between the periods. Our method of computing TCE rate may not necessarily be comparable to those of other companies.

The following table reflects the calculation of our daily TCE rates for the periods presented.

In thousands of $US dollars except Daily TCE rate	For the three-month periods ended September 30,
		2026						2025
	LNG/C		LPG/C		Container		LNG/C		LPG/C	Container
Revenues, net		$113,229		$21,083		$3,823		$91,819	–		$3,786
Less: Voyage expenses		2,888		6,021		90		2,148	–		93
Net revenue		110,341		15,062		3,733		89,671	–		3,693
Available days		1,316		367		92		1,066	–		92
Daily TCE rate		$83,862		$40,987		$40,576		$84,123	–		$40,133

In thousands of $US dollars except Daily TCE rate	For the nine-month periods ended September 30,
		2026						2025
	LNG/C		LPG/C		Container		LNG/C		LPG/C	Container
Revenue, net		$302,159		$27,536		$11,345		$283,044	–		$11,314
Less: Voyage expenses		9,880		7,252		266		4,988	–		270
Net revenue		292,279		20,284		11,079		278,056	–		11,044
Available days		3,494		633		273		3,238	–		273
Daily TCE rate		$83,653		$32,038		$40,582		$85,874	–		$40,454

MOUNTAIN VIEW, Calif., Oct. 30, 2026 (GLOBE NEWSWIRE) — Kodiak AI, Inc. (“Kodiak”) (Nasdaq: KDK), a leading provider of Physical AI-powered autonomous driving technology, today announced that its Autonomy Readiness Measure (“ARM”) for long-haul driverless operations has increased to 99%, putting Kodiak ahead of pace to launch driverless long-haul commercial service by the end of 2026.

Kodiak’s progress toward closing its long-haul safety case has continued throughout 2026. The company reported an ARM of 84% as of February, 86% as of April, 91% as of July, 93% as of August, and 96% as of September.

The company is now in the final stretch of completing its highway launch safety case. After the safety case is complete, Kodiak will launch driverless operations on Interstate 45 between Dallas and Houston. Kodiak’s safety case is a structured argument, supported by evidence, that the Kodiak Driver, the company’s autonomous driving system, can operate safely in a defined operating environment.

Kodiak’s ARM measures the percentage of claims and evidence in Kodiak’s safety case for driverless operations that are materially complete. The increase to 99% reflects accelerated progress in the testing and validation activities required to launch the Kodiak Driver into long-haul driverless service, and operate that service safely and consistently with its commercial partners.

“Our momentum is compounding as we conduct our final preparations ahead of launching driverless long-haul service,” said Don Burnette, Founder and CEO, Kodiak. “October represents continued great progress for closing safety case claims. We’ve identified and scheduled the remaining engineering verification and validation milestones needed. This is the home stretch.”

Kodiak’s launch is not a one-time milestone. The close of our safety case will support ongoing, repeatable and reliable driverless highway service for our customers, including our shipper launch partner IKEA.

Kodiak plans to launch driverless highway service on behalf of IKEA on an initial 219-mile route.

Kodiak’s long-haul safety case builds on the industrial safety case the company completed for its deployment in the Permian Basin, where, as of the end of the second quarter of 2026, the company had deployed its technology in 35 driverless trucks with no humans in the cab. These trucks are owned and operated by Kodiak’s customer, Atlas Energy Solutions in a fleet that is the largest of its kind in the world. This deployment has demonstrated the company’s unmatched operational expertise in commercial driverless trucking.

“As we finalize our deployment plan, our safety case is nearly complete, and it reflects a deliberate effort to account for safety risks across engineering, operations, and every other area that touches on operating with no one in the cab,” said Frank Fratrik, Director of Safety, Kodiak. “Each claim closes on evidence, and that evidence is nearly there. October’s progress came from using our quantitative Probabilistic Risk Assessment (PRA) methodology to account for the behavioral risk of the autonomy system, while using our BreakPoint simulation tool to examine the autonomy system’s robustness, and from maturing the operating scope and procedures for unsupervised autonomous runs on the I-45 corridor.”

Kodiak used its groundbreaking new AI tool, BreakPoint, to fuel its continued progress over the past 4 months. BreakPoint adversarially searches for edge-case scenarios in simulation that would take years for the Kodiak Driver to encounter in real-world driving. Kodiak utilized BreakPoint specifically to assure the autonomy system’s robustness along the I-45 corridor. BreakPoint’s results are fed into Kodiak’s quantitative Probabilistic Risk Assessment, a method used to account for the behavioral risk of the autonomy system in mathematical terms.

Forward Looking Statements

This press release includes forward-looking statements including regarding Kodiak’s or its management teams’ expectations, hopes, beliefs, intentions or strategies regarding the future. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “forecast,” “intend,” “expect,” “may,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding: Kodiak’s expectations regarding the timing of launching driverless trucks for long-haul highways operations; Kodiak’s expectations regarding the timing of completion of work on its highway launch safety case; and Kodiak’s expectations with respect to its future performance and success. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Kodiak’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied upon by any investors as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Kodiak. These forward-looking statements are subject to a number of risks and uncertainties, including changes in business, market, financial, political and legal conditions; the rapid evolution of autonomous vehicle technology and flaws or errors in Kodiak’s solutions or flaws in or misuse of autonomous vehicle technology in general; risks related to the rollout of Kodiak’s business and the timing of expected business milestones; the effects of competition on Kodiak’s business; supply shortages in the materials necessary for the production of the Kodiak Driver; risks related to working with third-party manufacturers for key components of the Kodiak Driver; risks related to the retrofitting of Kodiak’s vehicles by third parties; the termination or suspension of any of Kodiak’s contracts or the reduction in counterparty spending; delays in Kodiak’s operational roadmap with key partners and customers; and Kodiak’s ability to raise capital in the near term and long term. Additional information concerning these and other factors that may impact such forward-looking statements can be found in filings and potential filings by Kodiak with the Securities and Exchange Commission, including under the heading “Risk Factors.” If any of these risks materialize or any assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Kodiak does not presently know, or that Kodiak currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.

In addition, forward-looking statements reflect Kodiak’s expectations, plans or forecasts of future events and views as of the date they are made. Kodiak anticipates that subsequent events and developments will cause Kodiak’s assessments to change. However, while Kodiak may elect to update these forward-looking statements at some point in the future, Kodiak specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Kodiak’s assessments as of any date subsequent to the date they are made.

About Kodiak AI

Kodiak AI, Inc. (Nasdaq: KDK) is a leader in Physical AI, developing driverless technology that powers machines that move. The core of the company’s solution is the Kodiak Driver, a vehicle-agnostic autonomous driving system that combines advanced AI-powered software with modular hardware. Today, the Kodiak Driver operates in the long-haul trucking, industrial trucking, and defense sectors, and is already deployed in commercial operation with no one in the cab. Kodiak AI commercializes its technology through both a Driver-as-a-Service business model and strategic partnerships. In 2024, Kodiak achieved a historic milestone, becoming the first company to deploy driverless technology in customer-owned driverless semi-trucks. Commercial partners and customers include Atlas Energy Solutions, IKEA, Bridgestone, Werner Enterprises, C.R. England, General Dynamics Land Systems, and Roehl Transport.

For more information, visit kodiak.ai/investors. The Kodiak press kit, including videos and images, is available here.

Contacts

Kodiak Media Relations
Pete Bigelow
Public Relations Manager
pete.bigelow@kodiak.ai

Kodiak Investor Relations
Steve Philistin
Senior Investor Relations Manager
investors@kodiak.ai

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8add7ca8-5e9b-4eec-b496-3316276bf90a

ATLANTA, Oct. 30, 2026 (GLOBE NEWSWIRE) — Femasys Inc. (NASDAQ: FEMY), a leading biomedical innovator developing transformative fertility and non-surgical permanent birth control solutions designed to improve the standard of care, expand access, and reduce costs for women worldwide, announced today the appointment of John Moorhead to its Board of Directors as a board designee in connection with the Company’s August 2026 private placement. Mr. Moorhead brings more than two decades of experience in consumer marketing, brand development, product innovation and finance. He spent 12 years at Unilever’s Seventh Generation, where he rose to Chief Marketing Officer and helped transform the brand into a household name while more than quadrupling its Home Care business. Most recently, he served as Head of Marketing, North America, at SBM Life Science.

“We are excited to welcome John at this important inflection point as we ramp up commercialization efforts for our FemaSeed fertility portfolio to OB/GYNs and their patients,” said Kathy Lee-Sepsick, Chief Executive Officer and Founder of Femasys. “His consumer marketing experience will help us connect directly with women, whose treatment choices will drive demand for our fertility solutions. As we welcome John, we also extend our sincere appreciation to Dr. Kenneth Eichenbaum for his valued contributions during his tenure as the board designee associated with our November 2025 private placement.”

Mr. Moorhead commented, “My family’s own fertility journey gave me a firsthand understanding of the emotional, medical, and financial toll that treatment can take on women and their partners. That experience, together with my background in building consumer brands, drives my commitment to helping women and families understand their options and make informed choices. I’m excited to support Femasys as it works to change the standard of care in fertility.”

About Femasys Inc.
Femasys is a leading biomedical innovator developing transformative fertility and non-surgical permanent birth control solutions designed to improve the standard of care, expand access, and reduce costs for women worldwide. The Company is focused on commercializing its fertility portfolio, led by FemaSeed^® Intratubal Insemination, together with complementary diagnostic and sperm preparation products, in the U.S. and key international markets. Femasys is also advancing FemBloc^®, its non-surgical, in-office permanent birth control solution, toward U.S. FDA approval through the ongoing FINALE pivotal trial (NCT05977751). FemBloc received regulatory approvals in Europe, the UK and New Zealand in 2025, supporting commercialization through strategic partnerships in select international markets. Femasys’ portfolio is supported by broad intellectual property protection and clinical data demonstrating favorable safety, encouraging effectiveness results, and high patient and practitioner satisfaction.
Learn more at www.femasys.com, or follow us on X, Facebook and LinkedIn.

Forward-Looking Statements 
This press release contains forward-looking statements that are subject to substantial risks and uncertainties. Forward-looking statements can be identified by terms such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “pending,” “intend,” “believe,” “suggests,” “potential,” “hope,” or “continue” or the negative of these terms or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on our current expectations and are subject to inherent uncertainties, risks and assumptions, many of which are beyond our control, difficult to predict and could cause actual results to differ materially from what we expect. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ include, among others: our ability to obtain regulatory approvals for our FemBloc product candidate; develop and advance our current FemBloc product candidate and successfully enroll and complete the clinical trial; the ability of our clinical trial to demonstrate safety and effectiveness of our product candidate and other positive results; estimates regarding the total addressable market for our products and product candidate; our ability to commercialize our products and product candidate, our ability to establish, maintain, grow or increase sales and revenues, or the effect of delays in commercializing our products, including FemaSeed; our business model and strategic plans for our products, technologies and business, including our implementation thereof; and those other risks and uncertainties described in the section titled “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, and other reports as filed with the SEC. Forward-looking statements contained in this press release are made as of this date, and Femasys undertakes no duty to update such information except as required under applicable law.

Contacts: 
IR@femasys.com
Media@femasys.com

Redesigned site brings together information on BGLC’s operating businesses, healthcare initiatives and public disclosures

KUALA LUMPUR, Malaysia, Oct. 30, 2026 (GLOBE NEWSWIRE) — BioNexus Gene Lab Corp. (Nasdaq: BGLC) (“BioNexus” or the “Company”) today announced the launch of its redesigned corporate website at www.bionexusgenelab.com, providing investors, business partners and other visitors with a more comprehensive view of the Company’s operations and development initiatives.

The website brings together information about MRNA Scientific’s RNA screening business, Chemrex’s industrial chemical and composite-materials business, and BioNexus’ recent healthcare investments and technology relationships. Dedicated technology pages explain blood-based genomic screening and the VitaGuard™ molecular residual disease platform, including their respective applications and development context.

An expanded investor-relations section provides access to annual and quarterly reports, SEC filings, corporate governance materials and shareholder information. The newsroom brings together company announcements, events and presentation resources.

“Investors and potential partners should be able to understand what BioNexus operates today, what we are developing and how our technology relationships fit together. The new website brings that information into one place and gives visitors a clearer route to our public reporting and the people responsible for advancing the business.” Sam Tan, Chief Executive Officer, BioNexus Gene Lab Corp.

Visitors can explore the redesigned website at www.bionexusgenelab.com.

The Company’s website address is provided solely for informational purposes. Information contained on, or accessible through, the Company’s website is not part of this press release and is not incorporated by reference into this press release.

About BioNexus Gene Lab Corp.

BioNexus Gene Lab Corp. (Nasdaq: BGLC) is a technology-focused company operating across biotechnology, precision diagnostics and specialty materials. Through its subsidiaries, investments and licensing arrangements, the Company is developing new healthcare and life-science businesses alongside its established operations.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

These statements include expectations concerning the website’s contribution to investor communications and engagement with business partners, and the Company’s healthcare and life-science development initiatives. Actual results may differ materially because of implementation and maintenance requirements, cybersecurity and service availability, development and regulatory requirements, funding and execution risks, and other risks described in the Company’s latest Form 10-K, subsequent Forms 10-Q and other SEC filings. Forward-looking statements speak only as of the date made. BioNexus undertakes no obligation to update them except as required by law.

Investor Relations and Corporate Communications

BioNexus Gene Lab Corp.
ir@bionexusgenelab.com

Hong Kong, Oct. 30, 2026 (GLOBE NEWSWIRE) — Luda Technology Group Limited (NYSE American: LUD) (the “Company” or “Luda Technology”), a manufacturer and trader of stainless steel and carbon steel flanges and fittings products, and a trader of coal, today announced that on October [29], 2026, it had executed a share purchase agreement (the “Agreement”) with Asia AI Data Centre & Quantum Technology Company Limited (“AI Data Quant Tech”) to acquire a 55% stake in AI Data Quant Tech, following the previously announced memorandum of understanding entered into by the parties in relation to the transaction.  The Agreement officially marks the Company’s entry into computing infrastructure operations management.

Acquisition Highlights

AI Data Quant Tech specializes in operations and management of data center planning and construction, high-performance computing rental, and quantum computing hosting and operations. Through AI Data Quant Tech, the Company aims to connect Mainland China’s cost-efficient and high-quality AI ecosystem with international markets.

Upon completion of the Agreement, the Company will acquire 5,500 ordinary shares of AI Data Quant Tech, representing 55% of its issued share capital, for a total consideration of US$935,000. The consideration is comprised of US$600,000 in cash and US$335,000 to be satisfied by allotment and issuance of ordinary shares (the “Ordinary Shares”) of the Company. The parties acknowledge that the value of the Consideration Shares is calculated by reference to 91,780 ordinary shares of the Company at US$3.65 per share, being the market closing price on October 14, 2026. Of the cash portion of the consideration, US$400,000 has been paid; the remaining US$200,000 is due within three months after the execution date of the Agreement.

Strategic MOU with Huazhi Future

To support the growth of its AI Data Quant Tech business, the Company signed a strategic MOU with Huazhi Future. A subsidiary of Nasdaq-listed Maase Inc., Huazhi Future focuses on intelligent computing infrastructure and industrial AI applications. Its operations span intelligent computing infrastructure, computing power scheduling and operations, and vertical AI applications and industry services, with established presence in the ASEAN region.

Under the strategic MOU, Luda Technology and Huazhi Future intend to explore opportunities across the following three areas:

1. Overseas Computing Power Export

The Company aims to connect Huazhi Future with overseas channel resource, supporting the expansion of Huazhi Future’s computing power business in ASEAN markets through compliant channels. Huazhi Future will provide the related technical support and operational services. The parties will also explore opportunities to build or operate intelligent computing centers and edge computing nodes in the ASEAN region. To support these efforts, both parties will share market information, customer resources, and policy updates.

2. Liquid Cooling Technology

The parties intend to establish a Liquid Cooling Technology Joint Laboratory and jointly sponsor a Liquid Cooling Technology Research Institute (or a similar research body). Research will focus on liquid cooling systems for containerized data centers, high-efficiency heat-dissipation materials, and intelligent temperature-control algorithms. Huazhi Future will provide application scenarios, testing environments, and market feedback, while Luda Technology will contribute its precision manufacturing capabilities, including its stainless steel and carbon steel flanges and fittings that can be used in liquid cooling piping and fluid-transfer systems. Both parties will also explore the development of standardized, modular, and commercial liquid cooling products for domestic and international markets.

3. Financial Cooperation

The parties intend to explore potential ventures on financing for jointly invested or jointly operated projects, leveraging their respective public company platforms and capital markets access. Both parties plan to share information on investment and M&A opportunities in AI, computing infrastructure, green technology, and high-end manufacturing. They may explore establishing joint investment platforms, subject to each party’s regulatory requirements and commercial interests.

To coordinate these initiatives, the strategic MOU provides for regular senior executive meetings, designated liaison personnel, and dedicated project working groups. Each party will prepare a project plan for each cooperation area within 30 days of signing. The strategic MOU is a framework document setting out the parties’ intentions. Apart from its confidentiality provisions and the provision on the MOU’s own nature and effect, it does not create legally binding obligations. Any specific project will need separate definitive agreements. This strategic MOU has an initial term of two years. It renews automatically for one-year periods unless either party objects in writing.

Management Commentary

Mr. Ma Biu, CEO of Luda Technology, said: “Execution of the AI Data Quant Tech acquisition and signing a strategic MOU with Huazhi Future mark two important steps in moving our data center strategy from planning into execution. Hong Kong is a ‘super connector’ between Mainland China’s cost-efficient AI ecosystem and international markets. Huazhi Future brings intelligent computing expertise and a presence in ASEAN. Luda Technology brings more than 20 years of precision metal manufacturing experience, which directly applies to liquid cooling piping and fluid-transfer systems, together with supply chain management and a global agency network. AI Data Quant Tech adds expertise in data center infrastructure operations and management. By combining these strengths, we see a clear path to provide affordable, high-performance AI computing infrastructure and advanced cooling solutions to the world, while we continue to drive innovation in our core steel manufacturing business. These initiatives support Luda Technology’s broader strategy of sustainable growth, diversification and innovation.”

Related Party Transaction

The Company bought the shares of AI Data Quant Tech from Ms. Liu Liangping, the sole director of AI Data Quant Tech. Ms. Liu is also Luda Technology’s Chief Operating Officer and previously served as a director of the Company until June 18, 2026. Her spouse, Mr. Ma Biu, is the Company’s Director, Chief Executive Officer, and an ultimate beneficial owner. This makes the acquisition a related party transaction. The Company’s audit committee reviewed and approved the acquisition under Section 120 of the NYSE American Company Guide and the Company’s related person transaction policy.

About Luda Technology Group Limited

Luda Technology Group Limited is a manufacturer and trader of stainless steel and carbon steel flanges and fittings products. The Company’s history began with Luda Development Limited, incorporated in Hong Kong in 2004 and principally engaged in trading steel flanges and fittings. The Company also trades steel pipes, valves and other steel tubing products and serves customers in China and international markets. Luda is expanding its trading activities into energy, metals and mineral commodities, beginning with thermal coal, and is evaluating potential opportunities involving fluorspar, tungsten, iron ore, rare earth products and copper. For more information, please visit Luda Technology’s official website at www.ludahk.com.

Forward-Looking Statements

Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors including the Company’s ability to integrate AI Data Quant Tech and realize the anticipated benefits of the acquisition and its expansion into computing infrastructure operations management; its ability to pay the remaining US$200,000 cash consideration and satisfy the conditions for issuing the Consideration Shares; the risk that the largely non-binding MOU with Huazhi Future may not result in definitive agreements or implemented projects; the parties’ ability to secure financing, technical support and other resources for the proposed initiatives; their ability to comply with applicable regulatory requirements for cross-border computing services and ASEAN market expansion; uncertainties concerning the development, commercialization and market acceptance of the proposed computing infrastructure and liquid cooling products and services; and the uncertainties related to market conditions. Additional risks are described under ‘Item 3. Key Information—D. Risk Factors’ in the Company’s most recent annual report on Form 20-F and in its other filings with the U.S. Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and Luda Technology Group Limited specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Luda Technology Investor Relations

Email: ir@ludahk.com