In a new op-ed, Timm shares how always on AI shopping could challenge brand loyalty, give drivers more power to compare prices, and change how insurers compete
COLUMBUS, Ohio, Oct. 29, 2026 (GLOBE NEWSWIRE) — Root, Inc. (NASDAQ: ROOT), the leading technology company in car insurance, shared an editorial by Alex Timm, Founder and CEO of Root Insurance. In the editorial, Timm states the importance of insurance companies preparing for the new frontier of agentic commerce.
The rapid adoption of AI agents could fundamentally transform the auto insurance industry by enabling consumers to effortlessly automate the comparison shopping process. This technological leap shifts market power away from expensive brand marketing campaigns and toward carriers equipped with advanced risk-pricing algorithms and seamless API integrations.
Timm emphasizes that agentic commerce could accelerate industry change, meaning that massive spend on brand awareness could no longer be as critical for success. Timm highlights the fact that “AI agents don’t value sports sponsorships, arena logos, or catchy jingles; they value the best price and coverage for each individual consumer.”
Insurance carriers will now have to compete more heavily on sophisticated pricing models, he states: “As AI agents drive pure price shopping, the ultimate winners should be the carriers that can identify and price risk. Success in this new era doesn’t just mean offering the lowest price for every driver. The strategic advantage will be advanced segmentation and pricing.”
For customers, agentic technology creates a powerful tool that can automate shopping across many categories, including insurance. As a result, customers can continuously shop for the best prices and coverage for their demographic, location, car type, and driving record. “AI makes a task that would be improbable for a human—quoting with every insurance company possible—simple and automated,” Timm states.
Meta’s AI agent Muse topped 10.9 million downloads since its Sept. 8 launch and reached an estimated 2.5 million daily active users [1]. Timm reasons that as agentic commerce platforms drive this shift, forward-thinking carriers that embrace this technology will be better positioned to meet customer needs. He believes companies that can adapt quickly and accurately price risk will be rewarded, and that Root is well prepared for the transition.
The editorial was published on October 28, 2026, in Digital Insurance. Read the full op-ed here.
About Root, Inc. Root Insurance is a technology company revolutionizing car insurance through data science and automation. Founded in 2015 and based in Columbus, Ohio, Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company. The Root app has reached more than 18 million downloads and has analyzed close to 38 billion miles of driving data to deliver personalized, easy, and fair pricing. Root is available in 38 states and offers auto insurance to consumers across the United States through its direct-to-consumer channel, independent insurance agents, and distribution partners.
Forward-Looking Statements This press release contains forward-looking statements within the meaning of federal securities laws regarding Root, Inc. These forward-looking statements relate to, among other things, expectations about our future technological developments, our ability to successfully implement and utilize new technologies, and the anticipated impact of these technologies on our future business results and customer experience. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the company’s control and are difficult to predict. We have based our forward-looking statements on our current expectations, estimates and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties and assumptions that we cannot predict and many of which are beyond our control. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast in our forward-looking statements. In accordance with “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, we have included in Root’s Form 10-K for the year ended Dec. 31, 2025, and other SEC filings, cautionary language identifying important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root’s Form 10-K and other SEC filings are available on the SEC’s website, Root’s website at ir.joinroot.com/investor-relations, or by contacting Root’s Investor Relations office.
[1] “Meta’s Muse AI agent hits 10.9 million downloads as ChatGPT slides 25%.” Yahoo Finance, 20 Oct. 2026, finance.yahoo.com/markets/article/metas-muse-ai-agent-hits-109-million-downloads-as-chatgpt-slides-25-153532560.html
In a new op-ed, Timm shares how always on AI shopping could challenge brand loyalty, give drivers more power to compare prices, and change how insurers compete
COLUMBUS, Ohio, Oct. 29, 2026 (GLOBE NEWSWIRE) — Root, Inc. (NASDAQ: ROOT), the leading technology company in car insurance, shared an editorial by Alex Timm, Founder and CEO of Root Insurance. In the editorial, Timm states the importance of insurance companies preparing for the new frontier of agentic commerce.
The rapid adoption of AI agents could fundamentally transform the auto insurance industry by enabling consumers to effortlessly automate the comparison shopping process. This technological leap shifts market power away from expensive brand marketing campaigns and toward carriers equipped with advanced risk-pricing algorithms and seamless API integrations.
Timm emphasizes that agentic commerce could accelerate industry change, meaning that massive spend on brand awareness could no longer be as critical for success. Timm highlights the fact that “AI agents don’t value sports sponsorships, arena logos, or catchy jingles; they value the best price and coverage for each individual consumer.”
Insurance carriers will now have to compete more heavily on sophisticated pricing models, he states: “As AI agents drive pure price shopping, the ultimate winners should be the carriers that can identify and price risk. Success in this new era doesn’t just mean offering the lowest price for every driver. The strategic advantage will be advanced segmentation and pricing.”
For customers, agentic technology creates a powerful tool that can automate shopping across many categories, including insurance. As a result, customers can continuously shop for the best prices and coverage for their demographic, location, car type, and driving record. “AI makes a task that would be improbable for a human—quoting with every insurance company possible—simple and automated,” Timm states.
Meta’s AI agent Muse topped 10.9 million downloads since its Sept. 8 launch and reached an estimated 2.5 million daily active users [1]. Timm reasons that as agentic commerce platforms drive this shift, forward-thinking carriers that embrace this technology will be better positioned to meet customer needs. He believes companies that can adapt quickly and accurately price risk will be rewarded, and that Root is well prepared for the transition.
The editorial was published on October 28, 2026, in Digital Insurance. Read the full op-ed here.
About Root, Inc. Root Insurance is a technology company revolutionizing car insurance through data science and automation. Founded in 2015 and based in Columbus, Ohio, Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company. The Root app has reached more than 18 million downloads and has analyzed close to 38 billion miles of driving data to deliver personalized, easy, and fair pricing. Root is available in 38 states and offers auto insurance to consumers across the United States through its direct-to-consumer channel, independent insurance agents, and distribution partners.
Forward-Looking Statements This press release contains forward-looking statements within the meaning of federal securities laws regarding Root, Inc. These forward-looking statements relate to, among other things, expectations about our future technological developments, our ability to successfully implement and utilize new technologies, and the anticipated impact of these technologies on our future business results and customer experience. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the company’s control and are difficult to predict. We have based our forward-looking statements on our current expectations, estimates and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties and assumptions that we cannot predict and many of which are beyond our control. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast in our forward-looking statements. In accordance with “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, we have included in Root’s Form 10-K for the year ended Dec. 31, 2025, and other SEC filings, cautionary language identifying important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root’s Form 10-K and other SEC filings are available on the SEC’s website, Root’s website at ir.joinroot.com/investor-relations, or by contacting Root’s Investor Relations office.
[1] “Meta’s Muse AI agent hits 10.9 million downloads as ChatGPT slides 25%.” Yahoo Finance, 20 Oct. 2026, finance.yahoo.com/markets/article/metas-muse-ai-agent-hits-109-million-downloads-as-chatgpt-slides-25-153532560.html
In a new op-ed, Timm shares how always on AI shopping could challenge brand loyalty, give drivers more power to compare prices, and change how insurers compete
COLUMBUS, Ohio, Oct. 29, 2026 (GLOBE NEWSWIRE) — Root, Inc. (NASDAQ: ROOT), the leading technology company in car insurance, shared an editorial by Alex Timm, Founder and CEO of Root Insurance. In the editorial, Timm states the importance of insurance companies preparing for the new frontier of agentic commerce.
The rapid adoption of AI agents could fundamentally transform the auto insurance industry by enabling consumers to effortlessly automate the comparison shopping process. This technological leap shifts market power away from expensive brand marketing campaigns and toward carriers equipped with advanced risk-pricing algorithms and seamless API integrations.
Timm emphasizes that agentic commerce could accelerate industry change, meaning that massive spend on brand awareness could no longer be as critical for success. Timm highlights the fact that “AI agents don’t value sports sponsorships, arena logos, or catchy jingles; they value the best price and coverage for each individual consumer.”
Insurance carriers will now have to compete more heavily on sophisticated pricing models, he states: “As AI agents drive pure price shopping, the ultimate winners should be the carriers that can identify and price risk. Success in this new era doesn’t just mean offering the lowest price for every driver. The strategic advantage will be advanced segmentation and pricing.”
For customers, agentic technology creates a powerful tool that can automate shopping across many categories, including insurance. As a result, customers can continuously shop for the best prices and coverage for their demographic, location, car type, and driving record. “AI makes a task that would be improbable for a human—quoting with every insurance company possible—simple and automated,” Timm states.
Meta’s AI agent Muse topped 10.9 million downloads since its Sept. 8 launch and reached an estimated 2.5 million daily active users [1]. Timm reasons that as agentic commerce platforms drive this shift, forward-thinking carriers that embrace this technology will be better positioned to meet customer needs. He believes companies that can adapt quickly and accurately price risk will be rewarded, and that Root is well prepared for the transition.
The editorial was published on October 28, 2026, in Digital Insurance. Read the full op-ed here.
About Root, Inc. Root Insurance is a technology company revolutionizing car insurance through data science and automation. Founded in 2015 and based in Columbus, Ohio, Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company. The Root app has reached more than 18 million downloads and has analyzed close to 38 billion miles of driving data to deliver personalized, easy, and fair pricing. Root is available in 38 states and offers auto insurance to consumers across the United States through its direct-to-consumer channel, independent insurance agents, and distribution partners.
Forward-Looking Statements This press release contains forward-looking statements within the meaning of federal securities laws regarding Root, Inc. These forward-looking statements relate to, among other things, expectations about our future technological developments, our ability to successfully implement and utilize new technologies, and the anticipated impact of these technologies on our future business results and customer experience. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the company’s control and are difficult to predict. We have based our forward-looking statements on our current expectations, estimates and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties and assumptions that we cannot predict and many of which are beyond our control. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast in our forward-looking statements. In accordance with “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, we have included in Root’s Form 10-K for the year ended Dec. 31, 2025, and other SEC filings, cautionary language identifying important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root’s Form 10-K and other SEC filings are available on the SEC’s website, Root’s website at ir.joinroot.com/investor-relations, or by contacting Root’s Investor Relations office.
[1] “Meta’s Muse AI agent hits 10.9 million downloads as ChatGPT slides 25%.” Yahoo Finance, 20 Oct. 2026, finance.yahoo.com/markets/article/metas-muse-ai-agent-hits-109-million-downloads-as-chatgpt-slides-25-153532560.html
Volta Finance Limited (VTA / VTAS) September 2026 monthly report
NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, IN WHOLE OR PART, IN OR INTO THE UNITED STATES
Guernsey, 29th October 2026
BNPP AM has published the Volta Finance Limited (the “Company” or “Volta Finance” or “Volta”) monthly report for September 2026. The full report is attached to this release and will be available on Volta’s website shortly (www.voltafinance.com).
Performance and Portfolio Activity
Dear Investors,
Volta Finance posted a net return of -0.4% for the month of September 2026. For comparison, both US and Euro High Yield markets were down over the same period, respectively -2.5% & -1.8% ****, while the Morningstar Leveraged Loan indices returned +0.2%*** in the US and +0.3%**** in Europe.
September was dominated by a sharp repricing of inflation and policy expectations as higher oil prices and renewed Middle East tensions pushed markets into a more volatile, headline-driven environment. Early hopes that moderating inflation might allow the Federal Reserve to remain on hold gave way to a more hawkish backdrop after stronger US inflation-related data and a renewed surge in energy prices. The ECB raised its deposit rate by 25bp and maintained a hawkish, data-dependent stance, while the Fed delivered its first-rate hike since 2023 and left the door open to further tightening. Government bond yields moved materially higher over the month, with long-dated US Treasury yields reaching multi-year highs, as investors absorbed a higher-for-longer rates outlook alongside persistent inflation risks. Although resilient growth and solid corporate earnings continued to provide some support, tighter financial conditions, elevated rate volatility and geopolitical uncertainty made for a more selective risk environment by month-end.
Against that backdrop, credit markets remained relatively orderly despite the rates shock, with spreads widening only modestly even as broader risk sentiment weakened. Credit resilience stood in contrast to the significant volatility in government bonds and equities, but the combination of higher real yields, rising funding costs and renewed inflation concerns increasingly weighed on valuations and reinforced the need for selectivity across risk assets. For structured credit, the month was therefore characterised less by fundamental credit deterioration than by the interaction between persistent macro resilience, higher energy-driven inflation risk and a more restrictive policy outlook.
We purchased EUR 7.3 million across three European single-B rated CLO tranches at discount margins of approximately 1,000 bps, as well as three minority CLO equity positions following the decrease in loans price. Volta is also a minority equity investor in a CLO that was reset during the period. We elected to contribute our pro rata share of the additional equity required for the transaction, while securing a 10 bps management fee rebate on the newly injected equity.
From a positioning perspective, we continue to scrutinize the market for opportunistic CLO equity investment while maintaining a greater allocation to mezzanine CLO tranches given the current level of market uncertainty. We also remain highly selective in terms of collateral manager selection. At the end of September 2026, the Fund held approximately EUR 33.4 million in cash and cash equivalents, providing capacity to deploy capital should attractive opportunities emerge during periods of market volatility.
Looking at the performance breakdown, Volta’s CLO Equity tranches returned -1.8%** while CLO Debt tranches returned +0.4% performance**. The fund generated c. EUR 19.9 million in interest proceeds over the last six months, representing around 16% of the latest NAV on an annualised basis.
As of end of September 2026, Volta’s NAV* was EUR 243.5mm, i.e. EUR 6.66 per share.
*It should be noted that approximately 1.02% of Volta’s NAV comprises investments for which the relevant NAVs as at the month-end date are normally available only after Volta’s NAV has already been published. Volta’s policy is to publish its NAV on as timely a basis as possible to provide shareholders with Volta’s appropriately up-to-date NAV information. Consequently, such investments are valued using the most recently available NAV for each fund or quoted price for such subordinated notes. The equivalent % proportions of Volta’s NAV as of 31 August 2026 and 30 June 2026 were 1.00% and 0.02%, respectively.
** “performances” of asset classes are calculated as the Dietz-performance of the assets in each bucket, taking into account the Mark-to-Market of the assets at period ends, payments received from the assets over the period, and ignoring changes in cross-currency rates. Nevertheless, some residual currency effects could impact the aggregate value of the portfolio when aggregating each bucket.
*** These figures are presented in USD. Source: BNPP AM – Bloomberg – Morningstar – September 30th, 2026
**** These figures are presented in EUR. Source: BNPP AM – Bloomberg – Morningstar – September 30th, 2026
Corporate Broker Cavendish Securities plc Andrew Worne Daniel Balabanoff +44 (0) 20 7397 8900
***** ABOUT VOLTA FINANCE LIMITED
Volta Finance Limited is incorporated in Guernsey under The Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange’s Main Market for listed securities. Volta’s home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands.
Volta’s Investment objectives are to preserve its capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. The Company currently seeks to achieve its investment objectives by pursuing exposure predominantly to CLO’s and similar asset classes. A more diversified investment strategy across structured finance assets may be pursued opportunistically. The Company has appointed BNP Paribas Asset Management Europe an investment management company with a division specialised in structured credit, for the investment management of all its assets.
*****
This press release is published by BNP Paribas Asset Management Europe (“BNPP AM”), in its capacity as alternative investment fund manager (within the meaning of Directive 2011/61/EU, the “AIFM Directive”) of Volta Finance Limited (the “Volta Finance”) whose portfolio is managed by BNPP AM.
This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions. This document is not an offer for sale of the securities referred to herein in the United States or to persons who are “U.S. persons” for purposes of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or otherwise in circumstances where such offer would be restricted by applicable law. Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act. Volta Finance does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States.
*****
This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Past performance cannot be relied on as a guide to future performance.
***** This press release contains statements that are, or may deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “anticipated”, “expects”, “intends”, “is/are expected”, “may”, “will” or “should”. They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta Finance’s investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance’s actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. BNPP AM does not undertake any obligation to publicly update or revise forward-looking statements.
Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved.
The figures provided that relate to past months or years and past performance cannot be relied on as a guide to future performance or construed as a reliable indicator as to future performance. Throughout this review, the citation of specific trades or strategies is intended to illustrate some of the investment methodologies and philosophies of Volta Finance, as implemented by BNPP AM. The historical success or BNPP AM’s belief in the future success, of any of these trades or strategies is not indicative of, and has no bearing on, future results.
The valuation of financial assets can vary significantly from the prices that the BNPP AM could obtain if it sought to liquidate the positions on behalf of the Volta Finance due to market conditions and general economic environment. Such valuations do not constitute a fairness or similar opinion and should not be regarded as such.
Editor: BNP PARIBAS ASSET MANAGEMENT Europe, a company incorporated under the laws of France, having its registered office located at 1 boulevard Haussmann – 75009 Paris, registered with the Paris Trade and Companies Register under number 319 378 832, and a Portfolio Management Company, holder of AMF approval no. GP 96002, issued on 19 April 1996.
Volta Finance Limited (VTA / VTAS) September 2026 monthly report
NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, IN WHOLE OR PART, IN OR INTO THE UNITED STATES
Guernsey, 29th October 2026
BNPP AM has published the Volta Finance Limited (the “Company” or “Volta Finance” or “Volta”) monthly report for September 2026. The full report is attached to this release and will be available on Volta’s website shortly (www.voltafinance.com).
Performance and Portfolio Activity
Dear Investors,
Volta Finance posted a net return of -0.4% for the month of September 2026. For comparison, both US and Euro High Yield markets were down over the same period, respectively -2.5% & -1.8% ****, while the Morningstar Leveraged Loan indices returned +0.2%*** in the US and +0.3%**** in Europe.
September was dominated by a sharp repricing of inflation and policy expectations as higher oil prices and renewed Middle East tensions pushed markets into a more volatile, headline-driven environment. Early hopes that moderating inflation might allow the Federal Reserve to remain on hold gave way to a more hawkish backdrop after stronger US inflation-related data and a renewed surge in energy prices. The ECB raised its deposit rate by 25bp and maintained a hawkish, data-dependent stance, while the Fed delivered its first-rate hike since 2023 and left the door open to further tightening. Government bond yields moved materially higher over the month, with long-dated US Treasury yields reaching multi-year highs, as investors absorbed a higher-for-longer rates outlook alongside persistent inflation risks. Although resilient growth and solid corporate earnings continued to provide some support, tighter financial conditions, elevated rate volatility and geopolitical uncertainty made for a more selective risk environment by month-end.
Against that backdrop, credit markets remained relatively orderly despite the rates shock, with spreads widening only modestly even as broader risk sentiment weakened. Credit resilience stood in contrast to the significant volatility in government bonds and equities, but the combination of higher real yields, rising funding costs and renewed inflation concerns increasingly weighed on valuations and reinforced the need for selectivity across risk assets. For structured credit, the month was therefore characterised less by fundamental credit deterioration than by the interaction between persistent macro resilience, higher energy-driven inflation risk and a more restrictive policy outlook.
We purchased EUR 7.3 million across three European single-B rated CLO tranches at discount margins of approximately 1,000 bps, as well as three minority CLO equity positions following the decrease in loans price. Volta is also a minority equity investor in a CLO that was reset during the period. We elected to contribute our pro rata share of the additional equity required for the transaction, while securing a 10 bps management fee rebate on the newly injected equity.
From a positioning perspective, we continue to scrutinize the market for opportunistic CLO equity investment while maintaining a greater allocation to mezzanine CLO tranches given the current level of market uncertainty. We also remain highly selective in terms of collateral manager selection. At the end of September 2026, the Fund held approximately EUR 33.4 million in cash and cash equivalents, providing capacity to deploy capital should attractive opportunities emerge during periods of market volatility.
Looking at the performance breakdown, Volta’s CLO Equity tranches returned -1.8%** while CLO Debt tranches returned +0.4% performance**. The fund generated c. EUR 19.9 million in interest proceeds over the last six months, representing around 16% of the latest NAV on an annualised basis.
As of end of September 2026, Volta’s NAV* was EUR 243.5mm, i.e. EUR 6.66 per share.
*It should be noted that approximately 1.02% of Volta’s NAV comprises investments for which the relevant NAVs as at the month-end date are normally available only after Volta’s NAV has already been published. Volta’s policy is to publish its NAV on as timely a basis as possible to provide shareholders with Volta’s appropriately up-to-date NAV information. Consequently, such investments are valued using the most recently available NAV for each fund or quoted price for such subordinated notes. The equivalent % proportions of Volta’s NAV as of 31 August 2026 and 30 June 2026 were 1.00% and 0.02%, respectively.
** “performances” of asset classes are calculated as the Dietz-performance of the assets in each bucket, taking into account the Mark-to-Market of the assets at period ends, payments received from the assets over the period, and ignoring changes in cross-currency rates. Nevertheless, some residual currency effects could impact the aggregate value of the portfolio when aggregating each bucket.
*** These figures are presented in USD. Source: BNPP AM – Bloomberg – Morningstar – September 30th, 2026
**** These figures are presented in EUR. Source: BNPP AM – Bloomberg – Morningstar – September 30th, 2026
Corporate Broker Cavendish Securities plc Andrew Worne Daniel Balabanoff +44 (0) 20 7397 8900
***** ABOUT VOLTA FINANCE LIMITED
Volta Finance Limited is incorporated in Guernsey under The Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange’s Main Market for listed securities. Volta’s home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands.
Volta’s Investment objectives are to preserve its capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. The Company currently seeks to achieve its investment objectives by pursuing exposure predominantly to CLO’s and similar asset classes. A more diversified investment strategy across structured finance assets may be pursued opportunistically. The Company has appointed BNP Paribas Asset Management Europe an investment management company with a division specialised in structured credit, for the investment management of all its assets.
*****
This press release is published by BNP Paribas Asset Management Europe (“BNPP AM”), in its capacity as alternative investment fund manager (within the meaning of Directive 2011/61/EU, the “AIFM Directive”) of Volta Finance Limited (the “Volta Finance”) whose portfolio is managed by BNPP AM.
This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions. This document is not an offer for sale of the securities referred to herein in the United States or to persons who are “U.S. persons” for purposes of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or otherwise in circumstances where such offer would be restricted by applicable law. Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act. Volta Finance does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States.
*****
This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Past performance cannot be relied on as a guide to future performance.
***** This press release contains statements that are, or may deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “anticipated”, “expects”, “intends”, “is/are expected”, “may”, “will” or “should”. They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta Finance’s investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance’s actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. BNPP AM does not undertake any obligation to publicly update or revise forward-looking statements.
Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved.
The figures provided that relate to past months or years and past performance cannot be relied on as a guide to future performance or construed as a reliable indicator as to future performance. Throughout this review, the citation of specific trades or strategies is intended to illustrate some of the investment methodologies and philosophies of Volta Finance, as implemented by BNPP AM. The historical success or BNPP AM’s belief in the future success, of any of these trades or strategies is not indicative of, and has no bearing on, future results.
The valuation of financial assets can vary significantly from the prices that the BNPP AM could obtain if it sought to liquidate the positions on behalf of the Volta Finance due to market conditions and general economic environment. Such valuations do not constitute a fairness or similar opinion and should not be regarded as such.
Editor: BNP PARIBAS ASSET MANAGEMENT Europe, a company incorporated under the laws of France, having its registered office located at 1 boulevard Haussmann – 75009 Paris, registered with the Paris Trade and Companies Register under number 319 378 832, and a Portfolio Management Company, holder of AMF approval no. GP 96002, issued on 19 April 1996.
Volta Finance Limited (VTA / VTAS) September 2026 monthly report
NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, IN WHOLE OR PART, IN OR INTO THE UNITED STATES
Guernsey, 29th October 2026
BNPP AM has published the Volta Finance Limited (the “Company” or “Volta Finance” or “Volta”) monthly report for September 2026. The full report is attached to this release and will be available on Volta’s website shortly (www.voltafinance.com).
Performance and Portfolio Activity
Dear Investors,
Volta Finance posted a net return of -0.4% for the month of September 2026. For comparison, both US and Euro High Yield markets were down over the same period, respectively -2.5% & -1.8% ****, while the Morningstar Leveraged Loan indices returned +0.2%*** in the US and +0.3%**** in Europe.
September was dominated by a sharp repricing of inflation and policy expectations as higher oil prices and renewed Middle East tensions pushed markets into a more volatile, headline-driven environment. Early hopes that moderating inflation might allow the Federal Reserve to remain on hold gave way to a more hawkish backdrop after stronger US inflation-related data and a renewed surge in energy prices. The ECB raised its deposit rate by 25bp and maintained a hawkish, data-dependent stance, while the Fed delivered its first-rate hike since 2023 and left the door open to further tightening. Government bond yields moved materially higher over the month, with long-dated US Treasury yields reaching multi-year highs, as investors absorbed a higher-for-longer rates outlook alongside persistent inflation risks. Although resilient growth and solid corporate earnings continued to provide some support, tighter financial conditions, elevated rate volatility and geopolitical uncertainty made for a more selective risk environment by month-end.
Against that backdrop, credit markets remained relatively orderly despite the rates shock, with spreads widening only modestly even as broader risk sentiment weakened. Credit resilience stood in contrast to the significant volatility in government bonds and equities, but the combination of higher real yields, rising funding costs and renewed inflation concerns increasingly weighed on valuations and reinforced the need for selectivity across risk assets. For structured credit, the month was therefore characterised less by fundamental credit deterioration than by the interaction between persistent macro resilience, higher energy-driven inflation risk and a more restrictive policy outlook.
We purchased EUR 7.3 million across three European single-B rated CLO tranches at discount margins of approximately 1,000 bps, as well as three minority CLO equity positions following the decrease in loans price. Volta is also a minority equity investor in a CLO that was reset during the period. We elected to contribute our pro rata share of the additional equity required for the transaction, while securing a 10 bps management fee rebate on the newly injected equity.
From a positioning perspective, we continue to scrutinize the market for opportunistic CLO equity investment while maintaining a greater allocation to mezzanine CLO tranches given the current level of market uncertainty. We also remain highly selective in terms of collateral manager selection. At the end of September 2026, the Fund held approximately EUR 33.4 million in cash and cash equivalents, providing capacity to deploy capital should attractive opportunities emerge during periods of market volatility.
Looking at the performance breakdown, Volta’s CLO Equity tranches returned -1.8%** while CLO Debt tranches returned +0.4% performance**. The fund generated c. EUR 19.9 million in interest proceeds over the last six months, representing around 16% of the latest NAV on an annualised basis.
As of end of September 2026, Volta’s NAV* was EUR 243.5mm, i.e. EUR 6.66 per share.
*It should be noted that approximately 1.02% of Volta’s NAV comprises investments for which the relevant NAVs as at the month-end date are normally available only after Volta’s NAV has already been published. Volta’s policy is to publish its NAV on as timely a basis as possible to provide shareholders with Volta’s appropriately up-to-date NAV information. Consequently, such investments are valued using the most recently available NAV for each fund or quoted price for such subordinated notes. The equivalent % proportions of Volta’s NAV as of 31 August 2026 and 30 June 2026 were 1.00% and 0.02%, respectively.
** “performances” of asset classes are calculated as the Dietz-performance of the assets in each bucket, taking into account the Mark-to-Market of the assets at period ends, payments received from the assets over the period, and ignoring changes in cross-currency rates. Nevertheless, some residual currency effects could impact the aggregate value of the portfolio when aggregating each bucket.
*** These figures are presented in USD. Source: BNPP AM – Bloomberg – Morningstar – September 30th, 2026
**** These figures are presented in EUR. Source: BNPP AM – Bloomberg – Morningstar – September 30th, 2026
Corporate Broker Cavendish Securities plc Andrew Worne Daniel Balabanoff +44 (0) 20 7397 8900
***** ABOUT VOLTA FINANCE LIMITED
Volta Finance Limited is incorporated in Guernsey under The Companies (Guernsey) Law, 2008 (as amended) and listed on Euronext Amsterdam and the London Stock Exchange’s Main Market for listed securities. Volta’s home member state for the purposes of the EU Transparency Directive is the Netherlands. As such, Volta is subject to regulation and supervision by the AFM, being the regulator for financial markets in the Netherlands.
Volta’s Investment objectives are to preserve its capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis. The Company currently seeks to achieve its investment objectives by pursuing exposure predominantly to CLO’s and similar asset classes. A more diversified investment strategy across structured finance assets may be pursued opportunistically. The Company has appointed BNP Paribas Asset Management Europe an investment management company with a division specialised in structured credit, for the investment management of all its assets.
*****
This press release is published by BNP Paribas Asset Management Europe (“BNPP AM”), in its capacity as alternative investment fund manager (within the meaning of Directive 2011/61/EU, the “AIFM Directive”) of Volta Finance Limited (the “Volta Finance”) whose portfolio is managed by BNPP AM.
This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions. This document is not an offer for sale of the securities referred to herein in the United States or to persons who are “U.S. persons” for purposes of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or otherwise in circumstances where such offer would be restricted by applicable law. Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act. Volta Finance does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States.
*****
This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). The securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. Past performance cannot be relied on as a guide to future performance.
***** This press release contains statements that are, or may deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “anticipated”, “expects”, “intends”, “is/are expected”, “may”, “will” or “should”. They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Volta Finance’s investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finance’s actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. BNPP AM does not undertake any obligation to publicly update or revise forward-looking statements.
Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved.
The figures provided that relate to past months or years and past performance cannot be relied on as a guide to future performance or construed as a reliable indicator as to future performance. Throughout this review, the citation of specific trades or strategies is intended to illustrate some of the investment methodologies and philosophies of Volta Finance, as implemented by BNPP AM. The historical success or BNPP AM’s belief in the future success, of any of these trades or strategies is not indicative of, and has no bearing on, future results.
The valuation of financial assets can vary significantly from the prices that the BNPP AM could obtain if it sought to liquidate the positions on behalf of the Volta Finance due to market conditions and general economic environment. Such valuations do not constitute a fairness or similar opinion and should not be regarded as such.
Editor: BNP PARIBAS ASSET MANAGEMENT Europe, a company incorporated under the laws of France, having its registered office located at 1 boulevard Haussmann – 75009 Paris, registered with the Paris Trade and Companies Register under number 319 378 832, and a Portfolio Management Company, holder of AMF approval no. GP 96002, issued on 19 April 1996.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
CALGARY, Alberta, Oct. 29, 2026 (GLOBE NEWSWIRE) — San Lorenzo Gold Corp. (“San Lorenzo” or the “Company“) (TSXV: SLG) announces that, further to its news release dated October 16, 2026 entitled “San Lorenzo Announces Upsize of Private Placement to up to $80 Million” (the “Upsize News Release“), it has filed a Second Amended and Restated Offering Document (as defined below) in connection with its best-efforts private placement of up to 15,094,400 common shares of the Company (the “Offered Shares“) at a price of $5.30 per Offered Share for aggregate gross proceeds of up to $80,000,320 (the “Offering“). The Offered Shares include up to 9,433,900 Offered Shares (the “LIFE Shares“) for aggregate gross proceeds of up to $49,999,670 (the “LIFE Offering“), being issued pursuant to the “listed issuer financing exemption” under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935 (the “LIFE Exemption“).
The Second Amended and Restated Offering Document has been filed to provide that, in addition to being offered to purchasers resident in all the Provinces of Canada (except Québec) pursuant to the LIFE Exemption, the LIFE Shares may now also be offered: (i) in the United States (as defined in Regulation S under the United States Securities Act of 1933, as amended (the “1933 Act“)) by way of private placement pursuant to available exemptions from the registration requirements of the 1933 Act and applicable state securities laws, and (ii) to purchasers outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction.
For further details of the Offering, the terms of which otherwise remain unchanged, please refer to the Upsize News Release and to the Second Amended and Restated Offering Document.
There is a second amended and restated offering document dated October 29, 2026 (the “Second Amended and Restated Offering Document“) related to the LIFE Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company website at https://www.sanlorenzogold.ca/. Prospective investors should read this offering document before making an investment decision.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States. The securities have not been and will not be registered under the 1933 Act or any state securities laws and may not be offered or sold within the United States unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About San Lorenzo
San Lorenzo Gold Corp. is a Canadian mineral exploration company advancing its 100%-owned Salvadora Project in Chile’s Atacama Region, approximately 15 kilometres from Codelco’s El Salvador copper-gold mine. Salvadora hosts multiple gold and copper-gold discoveries and mineralized centres identified through drilling, geophysics and surface exploration across the property.
San Lorenzo is focused on expanding known mineralized systems, testing a growing pipeline of exploration targets and systematically defining the scale and potential of Salvadora’s broader mineralized systems.
For further information, please contact:
San Lorenzo Gold Corp. Brandon Gaspar, Chief Executive Officer Email: info@slgold.com Investor Relations: Acuity Advisory Corp. Telephone: +1-604-837-5440
Cautionary Note Regarding Forward-Looking Information
This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of San Lorenzo. All statements included herein other than statements of historical fact are forward-looking information.Forward-looking statements in this news release include, but are not limited to, statements regarding: the Offering, including the offering of the LIFE Shares in the United States as well as to purchasers outside of Canada and the United States; the successful closing of the Offering and the total proceeds from the Offering; the timing to close the Offering; and obtaining any required approvals. Such forward-looking information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Any forward-looking statements are made as of the date of this release and, other than as required by applicable securities laws, San Lorenzo does not assume any obligation to update or revise them to reflect new events or circumstances.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
CALGARY, Alberta, Oct. 29, 2026 (GLOBE NEWSWIRE) — San Lorenzo Gold Corp. (“San Lorenzo” or the “Company“) (TSXV: SLG) announces that, further to its news release dated October 16, 2026 entitled “San Lorenzo Announces Upsize of Private Placement to up to $80 Million” (the “Upsize News Release“), it has filed a Second Amended and Restated Offering Document (as defined below) in connection with its best-efforts private placement of up to 15,094,400 common shares of the Company (the “Offered Shares“) at a price of $5.30 per Offered Share for aggregate gross proceeds of up to $80,000,320 (the “Offering“). The Offered Shares include up to 9,433,900 Offered Shares (the “LIFE Shares“) for aggregate gross proceeds of up to $49,999,670 (the “LIFE Offering“), being issued pursuant to the “listed issuer financing exemption” under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935 (the “LIFE Exemption“).
The Second Amended and Restated Offering Document has been filed to provide that, in addition to being offered to purchasers resident in all the Provinces of Canada (except Québec) pursuant to the LIFE Exemption, the LIFE Shares may now also be offered: (i) in the United States (as defined in Regulation S under the United States Securities Act of 1933, as amended (the “1933 Act“)) by way of private placement pursuant to available exemptions from the registration requirements of the 1933 Act and applicable state securities laws, and (ii) to purchasers outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction.
For further details of the Offering, the terms of which otherwise remain unchanged, please refer to the Upsize News Release and to the Second Amended and Restated Offering Document.
There is a second amended and restated offering document dated October 29, 2026 (the “Second Amended and Restated Offering Document“) related to the LIFE Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company website at https://www.sanlorenzogold.ca/. Prospective investors should read this offering document before making an investment decision.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States. The securities have not been and will not be registered under the 1933 Act or any state securities laws and may not be offered or sold within the United States unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About San Lorenzo
San Lorenzo Gold Corp. is a Canadian mineral exploration company advancing its 100%-owned Salvadora Project in Chile’s Atacama Region, approximately 15 kilometres from Codelco’s El Salvador copper-gold mine. Salvadora hosts multiple gold and copper-gold discoveries and mineralized centres identified through drilling, geophysics and surface exploration across the property.
San Lorenzo is focused on expanding known mineralized systems, testing a growing pipeline of exploration targets and systematically defining the scale and potential of Salvadora’s broader mineralized systems.
For further information, please contact:
San Lorenzo Gold Corp. Brandon Gaspar, Chief Executive Officer Email: info@slgold.com Investor Relations: Acuity Advisory Corp. Telephone: +1-604-837-5440
Cautionary Note Regarding Forward-Looking Information
This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of San Lorenzo. All statements included herein other than statements of historical fact are forward-looking information.Forward-looking statements in this news release include, but are not limited to, statements regarding: the Offering, including the offering of the LIFE Shares in the United States as well as to purchasers outside of Canada and the United States; the successful closing of the Offering and the total proceeds from the Offering; the timing to close the Offering; and obtaining any required approvals. Such forward-looking information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Any forward-looking statements are made as of the date of this release and, other than as required by applicable securities laws, San Lorenzo does not assume any obligation to update or revise them to reflect new events or circumstances.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
CALGARY, Alberta, Oct. 29, 2026 (GLOBE NEWSWIRE) — San Lorenzo Gold Corp. (“San Lorenzo” or the “Company“) (TSXV: SLG) announces that, further to its news release dated October 16, 2026 entitled “San Lorenzo Announces Upsize of Private Placement to up to $80 Million” (the “Upsize News Release“), it has filed a Second Amended and Restated Offering Document (as defined below) in connection with its best-efforts private placement of up to 15,094,400 common shares of the Company (the “Offered Shares“) at a price of $5.30 per Offered Share for aggregate gross proceeds of up to $80,000,320 (the “Offering“). The Offered Shares include up to 9,433,900 Offered Shares (the “LIFE Shares“) for aggregate gross proceeds of up to $49,999,670 (the “LIFE Offering“), being issued pursuant to the “listed issuer financing exemption” under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935 (the “LIFE Exemption“).
The Second Amended and Restated Offering Document has been filed to provide that, in addition to being offered to purchasers resident in all the Provinces of Canada (except Québec) pursuant to the LIFE Exemption, the LIFE Shares may now also be offered: (i) in the United States (as defined in Regulation S under the United States Securities Act of 1933, as amended (the “1933 Act“)) by way of private placement pursuant to available exemptions from the registration requirements of the 1933 Act and applicable state securities laws, and (ii) to purchasers outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction.
For further details of the Offering, the terms of which otherwise remain unchanged, please refer to the Upsize News Release and to the Second Amended and Restated Offering Document.
There is a second amended and restated offering document dated October 29, 2026 (the “Second Amended and Restated Offering Document“) related to the LIFE Offering that can be accessed under the Company’s profile at www.sedarplus.ca and on the Company website at https://www.sanlorenzogold.ca/. Prospective investors should read this offering document before making an investment decision.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States. The securities have not been and will not be registered under the 1933 Act or any state securities laws and may not be offered or sold within the United States unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About San Lorenzo
San Lorenzo Gold Corp. is a Canadian mineral exploration company advancing its 100%-owned Salvadora Project in Chile’s Atacama Region, approximately 15 kilometres from Codelco’s El Salvador copper-gold mine. Salvadora hosts multiple gold and copper-gold discoveries and mineralized centres identified through drilling, geophysics and surface exploration across the property.
San Lorenzo is focused on expanding known mineralized systems, testing a growing pipeline of exploration targets and systematically defining the scale and potential of Salvadora’s broader mineralized systems.
For further information, please contact:
San Lorenzo Gold Corp. Brandon Gaspar, Chief Executive Officer Email: info@slgold.com Investor Relations: Acuity Advisory Corp. Telephone: +1-604-837-5440
Cautionary Note Regarding Forward-Looking Information
This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of San Lorenzo. All statements included herein other than statements of historical fact are forward-looking information.Forward-looking statements in this news release include, but are not limited to, statements regarding: the Offering, including the offering of the LIFE Shares in the United States as well as to purchasers outside of Canada and the United States; the successful closing of the Offering and the total proceeds from the Offering; the timing to close the Offering; and obtaining any required approvals. Such forward-looking information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Any forward-looking statements are made as of the date of this release and, other than as required by applicable securities laws, San Lorenzo does not assume any obligation to update or revise them to reflect new events or circumstances.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Full Alliance Group, Inc. (OTC: FAGI) The Future of Commerce Is Not Just Payments – YAHBEE & YAHIVE — It’s Relationships
Oldsmar, FL, Oct. 29, 2026 (GLOBE NEWSWIRE) — “I see YAHBEE and YAHIVE as part of our effort to connect commerce, payments, merchants, consumers, and relationship-driven distribution within a broader Full Alliance Group ecosystem. Our focus is on developing infrastructure that can support measurable commercial activity while recognizing that adoption and results depend on execution.” — William F. Heneghan, COO
For decades, the payments industry has focused on making transactions faster, easier, and more secure. Credit cards transformed retail commerce. Digital wallets brought payments to smartphones. Merchant-processing technology made electronic transactions accessible to businesses of virtually every size.
But the next major opportunity in commerce may have less to do with how money moves and more to do with the relationships that cause money to move in the first place.
That concept is helping shape the strategic direction of Full Alliance Group, Inc. (OTC: FAGI), a publicly traded, diversified holding company developing an interconnected business ecosystem spanning manufacturing, consumer products, health and wellness, financial technology, digital commerce, and affiliate marketing.
Through its majority-owned subsidiary, Qubee Hive Holdings, Inc., Full Alliance Group is developing YAHBEE and YAHIVE — complementary platforms intended to connect merchants, consumers, payment services, and performance-based affiliate relationships within a unified commerce network.
The underlying philosophy is straightforward:
Relationships create commerce. Commerce generates revenue. And connected networks can create opportunities for everyone contributing measurable value.
Beyond the Traditional Payment Network
Traditional payment networks have become extraordinarily efficient at facilitating transactions.
Yet the economic value surrounding those transactions often extends well beyond the payment itself.
Consider a neighborhood restaurant.
A customer recommends the restaurant to a friend. Another customer discovers it through a local influencer. A business professional introduces the restaurant owner to a new merchant-services provider.
Each relationship can generate measurable commercial activity.
But traditional payment-processing systems, loyalty programs, and affiliate networks generally operate as separate businesses.
Full Alliance Group sees an opportunity to bring these functions together.
Rather than viewing a payment transaction as the end of a commercial interaction, the YAHBEE ecosystem is designed to view it as part of an ongoing relationship between merchants, customers, and the people who help connect them.
Full Alliance Group: The Corporate Foundation
Full Alliance Group’s strategy extends beyond developing a standalone financial technology application.
The company has assembled operating interests spanning several sectors, including:
Specialty manufacturing and consumer products through businesses such as Pure Solutions.
Hypochlorous acid technology and disinfection solutions through Aquaox Pure Solutions.
Consumer health, wellness, and personal-care brands.
Healthcare and emerging wellness services.
Financial technology, merchant payments, digital wallets, and affiliate commerce.
These businesses provide potential opportunities to connect product development, manufacturing, distribution, customer acquisition, and payment technology.
Through Qubee Hive Holdings, Full Alliance Group is developing the digital commerce infrastructure intended to support those connections.
This represents an important distinction: FAGI is not simply developing a payment application. It is pursuing a broader strategy in which payment technology and relationship-driven distribution can complement an existing portfolio of operating businesses.
For a diversified holding company, that creates the possibility of building commercial relationships across business lines rather than operating each business entirely independently.
Successful execution could help expand distribution opportunities, improve customer engagement, and develop recurring revenue streams. Those outcomes, however, depend on actual adoption, operational performance, and sustainable economics.
Four Connected Components of the YAHBEE Ecosystem
The envisioned commerce model brings together four complementary capabilities.
1. YAHBEE Pay — Connecting Merchants
YAHBEE Pay is designed to provide participating businesses with access to merchant payment services.
But the larger opportunity extends beyond processing transactions.
Merchant relationships can become entry points into an ecosystem involving customer engagement, rewards, and affiliate-driven business development.
For a local merchant, the value proposition is not simply accepting payments. It is the potential to develop additional commercial relationships through the broader network.
2. YAHBEE Wallet — Connecting Consumers
YAHBEE Wallet is designed to serve as a consumer-facing gateway into the ecosystem.
Rather than treating payments, rewards, and affiliate engagement as unrelated activities, the wallet is intended to bring eligible experiences together in one accessible environment.
Consumers can engage with participating merchants, access supported payment capabilities, and track qualifying rewards under applicable program rules.
The objective is to make participation part of everyday commerce.
3. YAHBEE card — Connecting Everyday Spending
The YAHBEE-branded card program adds another potential connection between consumers and the network through card-based spending.
A card can provide practical utility because consumers already use payment cards for groceries, restaurants, personal care, entertainment, and other everyday needs.
The opportunity is to combine that familiar payment experience with eligible wallet and rewards functionality, subject to program terms and applicable requirements.
4. YAHIVE — Connecting Relationships to Revenue
Perhaps the most distinctive element is YAHIVE, the affiliate network operated by Qubee Hive Holdings, Inc., doing business as YAHIVE.
Traditional affiliate marketing generally rewards participants for generating identifiable sales or customer referrals.
YAHIVE is designed to extend this principle into a relationship-driven commerce network.
Participating affiliates may generate compensation through qualifying product sales, merchant introductions, and other eligible commercial activities.
The program’s multilevel compensation structure is based on qualifying economic activity and defined distributable revenue — not compensation merely for recruiting participants.
The goal is to recognize the economic contribution of relationships that result in actual business.
Why Full Alliance Group’s Existing Businesses Matter
One of the potential advantages of developing a commerce platform within a diversified holding company is the ability to connect technology with real operating businesses.
Full Alliance Group already participates in sectors that involve recurring product purchases, merchant relationships, customer retention, and distribution.
These businesses could provide potential commercial use cases for the YAHBEE ecosystem as it develops.
A consumer-products brand may benefit from new affiliate distribution.
A manufacturing business may connect with additional merchant customers.
A participating business may use payment and reward capabilities to strengthen customer engagement.
An affiliate may introduce qualified customers or merchants and be compensated for eligible economic activity.
These relationships could strengthen the ecosystem while providing new distribution opportunities for participating businesses, including those within Full Alliance Group’s portfolio.
The strategic opportunity is to connect existing business activity with new channels for commerce, distribution, and customer engagement.
That is considerably different from building a standalone consumer app and attempting to create an entirely new marketplace from scratch.
The Economics of Relationships
Everyday commerce generates substantial revenue for payment processors, advertising platforms, loyalty providers, and affiliate marketing networks.
Businesses already pay to acquire customers, process transactions, and encourage repeat purchases.
YAHBEE and YAHIVE are being developed around the premise that portions of these commercial activities can be connected through a common ecosystem.
For example, a participating merchant may generate qualifying revenue through payment services or other covered commercial activity.
After applicable direct costs, eligible revenue may support compensation for affiliates responsible for qualifying commercial contributions, consumer engagement initiatives, and the economics of the platform itself.
The model depends on balancing three objectives:
Merchants must receive meaningful value. Participants must have a reason to remain engaged. The platform must retain sustainable economics.
Without all three, a connected commerce network cannot achieve durable growth.
From Individual Transactions to Network Effects
The economics of an interconnected marketplace can become increasingly interesting as participation expands.
A larger merchant network may provide consumers with more reasons to engage.
Greater consumer participation may create additional opportunities for participating merchants.
More merchant activity may generate additional qualifying affiliate opportunities.
And effective affiliates may introduce still more consumers and businesses into the network.
These relationships have the potential to reinforce one another.
For Full Alliance Group, this creates a strategic opportunity to develop interconnected commercial infrastructure that may become more useful as its participating network grows.
The objective is not simply to accumulate users.
It is to create a network in which meaningful participation produces identifiable commercial value.
The Hive Economy: Relationships Create Liquidity
At the center of this strategy is a principle that reaches beyond payments and affiliate marketing.
Relationships create liquidity.
In traditional finance, liquidity refers to the ability to transact efficiently.
In commerce, relationships can help create the conditions that make transactions happen.
A merchant relationship provides access to products and services.
A consumer relationship creates demand.
An affiliate relationship expands distribution.
A payment relationship supplies infrastructure.
When these elements work together, commercial opportunities can circulate through a broader network.
This is the philosophy behind The Hive Economy — a vision of commerce in which economic participation is built around real transactions, measurable contributions, and the connections between people and businesses.
YBEE engagement rewards are intended to support qualifying participation in this ecosystem. They are distinct from investment securities and do not represent ownership in Full Alliance Group, Qubee Hive Holdings, or their subsidiaries.
What This Means for Full Alliance Group
As the publicly traded holding company behind the development of the YAHBEE ecosystem, Full Alliance Group occupies an important position in the broader strategy.
The company’s long-term objective is to build and develop complementary operating businesses capable of supporting one another through shared relationships, infrastructure, and distribution opportunities.
YAHBEE and YAHIVE represent a potential connective layer across that strategy.
Merchant services can create commercial relationships.
The wallet and card program can encourage consumer participation.
Affiliate marketing can help expand distribution.
And the resulting activity, if developed and scaled successfully, may contribute to recurring revenue opportunities within the Full Alliance Group corporate structure.
For FAGI, the significance is not merely the potential success of an individual wallet or affiliate program.
It is the opportunity to develop a connected commercial ecosystem that complements its operating companies and supports the broader objective of long-term shareholder value creation.
As with any developing platform, commercial adoption, revenues, margins, and shareholder outcomes remain uncertain and depend on successful execution.
The Next Chapter of Commerce
The next generation of commerce platforms may not be defined solely by who processes the most payments or issues the most cards.
They may also be defined by who most effectively connects merchants, consumers, products, services, and the relationships responsible for generating transactions.
Full Alliance Group, Inc. (OTC: FAGI), through Qubee Hive Holdings and its YAHBEE and YAHIVE initiatives, is pursuing that opportunity.
The company envisions a system where payment technology, merchant relationships, consumer engagement, and performance-based affiliate marketing work together rather than in isolation.
Because the future of commerce is not just about moving money.
It’s about connecting the people and businesses that make commerce possible.
Full Alliance Group is building the corporate ecosystem.
YAHBEE is developing the commerce connections.
YAHIVE is developing the relationship-driven distribution network.
Together, they represent the vision of The Hive Economy.
About Full Alliance Group, Inc.
Full Alliance Group, Inc. (OTC: FAGI) is a publicly traded, diversified holding company focused on acquiring, developing, and scaling businesses across specialty manufacturing, health and wellness, consumer products, healthcare, financial technology, and digital commerce.
The Company’s manufacturing operations include Pure Solutions, Inc., specializing in nutritional supplements, private-label manufacturing, and custom formulations, and Aquaox Pure Solutions, LLC, a majority-owned business specializing in advanced hypochlorous acid (HOCl) solutions utilizing nanobubble technology.
Its health and wellness portfolio includes DynaMAXX International, Dynamaxx Health, Pure Factors, and JusSpray.
Through its majority-owned Qubee Hive Holdings, Inc., Full Alliance Group is developing the YAHBEE digital commerce ecosystem, integrating YAHBEE Wallet, YAHBEE Pay merchant services, YAHIVE affiliate marketing, YBEE digital rewards, and YAHBEE Media.
Full Alliance Group’s strategy is to leverage complementary operating businesses, technology platforms, proprietary brands, and distribution networks to generate diversified revenue streams, accelerate growth, and create long-term shareholder value.
**Company-Sponsored Information and Securities Disclaimer** This material is company-sponsored information provided by Full Alliance Group, Inc. (OTC: FAGI) for general informational purposes. It reflects the Company’s perspective and is not independent investment research. It does not constitute investment, legal, or tax advice, an offer to sell securities, or a solicitation to purchase securities. Any securities offering, if undertaken, will be conducted through appropriate offering documents and in accordance with applicable securities laws. **Forward-Looking Statements** This material may contain forward-looking statements concerning Full Alliance Group, Inc. and its subsidiaries, brands, products, and business initiatives. These statements include expectations regarding business development, product launches, manufacturing capacity, sales, revenue, profitability, financing, acquisitions, partnerships, technology development, regulatory approvals, and anticipated milestones. Words such as “anticipate,” “believe,” “expect,” “intend,” “plan,” “project,” “estimate,” “may,” “will,” and similar expressions may identify forward-looking statements, although not all such statements contain these words. Forward-looking statements reflect management’s expectations and assumptions as of the date made and involve known and unknown risks and uncertainties. Actual results may differ materially from those expressed or implied. Relevant risks include the availability and cost of capital; dilution from future financing; the ability to execute business plans and integrate acquisitions; customer demand and market acceptance; competition; manufacturing, supply-chain, and distribution constraints; product quality and liability; regulatory requirements affecting supplements, wellness products, HOCl products, payments, digital assets, and securities activities; reliance on third-party providers; cybersecurity and data privacy; and general economic conditions. *The YAHBEE mCard is issued by MVB Bank, Inc., Member FDIC, pursuant to license by Mastercard and may be used everywhere Mastercard is accepted.
Contact
William Heneghan Qubee Hive Holdings, Inc Billy@puresolutionsusa.com
