Tag: PR Newswire

“We were just walking—and in an instant, everything changed.”

OAKLAND, Calif., June 6, 2025 /PRNewswire/ — Following a powerful community memorial and open-casket viewing this afternoon at Acts Full Gospel Church in East Oakland, the family of Dr. Marvin Boomer, Jr.—a beloved educator killed during a police pursuit—is calling for full transparency, accountability, and urgent reform from law enforcement across California.

Dr. Boomer, 40, was killed on May 28 while walking with his partner, Nina Woodruff, near their Oakland home. The couple was struck by a vehicle fleeing California Highway Patrol officers. Dr. Boomer was pronounced dead at the scene. Ms. Woodruff sustained serious physical injuries and remains under medical care.

“This is not just about one family’s unimaginable loss,” said Michelle D. Bernard, a nationally recognized lawyer, political analyst, and spokesperson for the Boomer family. “This is about a growing pattern of reckless police chases over non-violent offenses that too often end in catastrophe—especially in communities of color. Marvin was doing everything right. He was walking in his own neighborhood. Public safety must mean protecting people like Marvin, not endangering them. We demand transparency. We demand accountability. We demand justice.”

On behalf of the family, Marvin’s sister, Ms. Tynesha Boomer, stated:

“My brother’s death is something I will never fully be able to put into words,” said Tynesha Boomer. “Marvin was joy. He was purpose. He was a visionary. And in the hours and days since losing him, I keep coming back to something he texted me in February. In that message, he told me what he wanted for Oakland — his city, his heart. He said he wanted community-based policing, real workforce readiness programs, hourly wages, not just stipends, youth summer programs that lasted the entire summer, not just a few weeks. He called for affordable housing and, ironically, better infrastructure — and he even put ‘potholes, etc.’ in parentheses. It breaks me to say that it was a pothole, a massive one, that the driver who took his life hit just before he struck and killed him. Marvin saw what Oakland needed  and he spoke it with clarity, love, and urgency. Now, we have to carry his vision forward. We owe him that much.”

Ms. Nina Woodruff, Marvin’s partner, who survived the crash, added:

“Seconds before impact, Marvin and I saw a police officer chasing the car—on his phone, driving recklessly through our neighborhood. We even had time to ask, ‘Is he seriously on the phone right now?’ Moments later, Marvin was gone, and I was bleeding. I’m in unimaginable pain. I ask the media and public to please respect our privacy and honor Marvin’s legacy with dignity, not headlines.”

Pastor Joseph Cottom, who led the service, offered this message:

“Marvin was a son, a scholar, and a light in this community. His death must awaken city leaders. Faith without works is dead—we must honor him not just with prayer, but with a call to justice. Oakland deserves better.”

Today’s memorial drew educators, advocates, and officials, including Mayor Barbara Lee and Assemblymember Mia Bonta. The Boomer family chose an open-casket viewing to show the devastating human cost of reckless police pursuits.

Michelle D. Bernard, Esq., President & CEO of The Bernard Center for Women, Politics & Public Policy, serves as spokesperson and legal counsel for the Boomer family and Ms. Woodruff.

All media inquiries should be directed to:
Michelle D. Bernard, Esq.
Email: mbernard@bernardcenter.org 
Phone: (301) 807-2394

Further updates will be issued solely through Ms. Bernard.

#JusticeForDrMarvinBoomerJr #SayHisName #PoliceReform #CivilRights

Contact:
Michelle D. Bernard, Esq.
President & CEO, The Bernard Center for Women, Politics & Public Policy
Email: mbernard@bernardcenter.org 
Phone: (301) 807-2394

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SOURCE The Family of Dr. Marvin Boomer, Jr.

OAKLAND, Calif., June 6, 2025 /PRNewswire/ — Good afternoon, beloved community.

We gather here today not merely in mourning, but in righteous indignation. We gather in remembrance—but also in resistance. Because a son of Oakland, a son of this nation, a brilliant Black man named Dr. Marvin Boomer, Jr., has been stolen from us.

Now I stand here today not only as an attorney, but as a sister in the struggle. I speak not only as a legal representative, but as a mother, a daughter, a woman who has seen too many families crushed under the weight of injustice. I speak with a heavy heart and a righteous fire, because Marvin Boomer, Jr. should be alive today.

He was not caught in a storm of his own making. He was not a suspect. He was not a statistic. He was a scholar, a teacher, a lover of justice, a defender of Black dignity. He was walking with his partner, Nina, when he saw death coming and put her safety before his own. He died a hero. And we will not allow that heroism to be silenced by bureaucratic excuses or policy failures cloaked in blue.

So we say his name today: Dr. Marvin Boomer, Jr.

And we will keep saying it until justice rolls down like water and righteousness like a mighty stream.

Let me be clear: had this happened in Mill Valley, or Tiburon, or Stanford, or Woodside—if this had happened on streets paved with privilege and protection—Marvin Boomer would be alive. But in East Oakland, where Black and Brown lives are too often deemed expendable, the rules were different. The pursuit policies were different. And the consequences, as always, were deadly.

This family is not only grieving—they are standing tall. They are saying enough is enough. And I am honored—deeply honored—to represent them in their pursuit of truth, accountability, and justice.

So now, I invite you to meet the voices behind the pain and the purpose:

• His mother, a queen among women, Ms. Tina Boomer.
• His father, steadfast and courageous, Mr. Marvin Boomer, Sr.
• His sisters, each a beacon of strength and grace: Tynesha Boomer, Deborah Martin, and Brittany Boomer.
• And the woman who loved him, and whose life he saved with his last breath, Ms. Nina Woodruff.

Hear them. See them. Stand with them. And say his name with us—not just today, but until justice is served.

#JusticeForDrMarvinBoomerJr
#SayHisName
#BlackLivesMatter
#NoMoreRecklessPursuits

May God bless this family. May God bless this movement. And may Dr. Marvin Boomer, Jr.’s legacy light the path forward—for all of us.

Contact:
Michelle D. Bernard, Esq.
President & CEO, The Bernard Center for Women, Politics & Public Policy
Email: mbernard@bernardcenter.org
Phone: (301) 807-2394

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SOURCE Bernard Center for Women, Politics & Public Policy

Partnership with Calumet Area Industrial Commission prepares area residents for skills needed for modern manufacturing jobs

MANTENO, Ill., June 6, 2025 /PRNewswire/ — Gotion Illinois, a global innovator in next-generation energy storage and batteries, welcomed 15 newly trained area residents to its manufacturing facility in Manteno. They are the first graduating class in a unique partnership that confirms Gotion’s commitment to local hiring.

The program, conducted by the Calumet Area Industrial Commission (CAIC), is designed to provide students with foundational and advanced skills in modern manufacturing processes. It emphasizes hand-on experience, safety, production systems and quality control, which are all key components of Gotion Illinois’ operation.

“Gotion Illinois is proud to collaborate with CAIC in building a strong manufacturing workforce in Manteno and the surrounding region,” said Mark Kreusel, General Manager of Gotion Illinois, “Programs like this reflect our shared commitment to creating real pathways to high-tech careers while investing in the future of the communities we call home.”

The training culminated in a graduation ceremony and plant tour, where students were recognized for their achievements. Most significantly, every graduate will have the opportunity to interview directly with Gotion Illinois for employment consideration, turning their training into potential careers.

“As CAIC continues to champion workforce development, partnerships like this illustrate the power of collaboration between community-focused organizations and forward-looking manufacturers,” said Ted Stalnos, President/CEO of CAIC. “When an employer like Gotion Illinois offers the potential for local, high-paying careers for CAIC Program Graduates, the incentive rises to meet the opportunity for our local workforce.”

Gotion Illinois is making a $2 billion investment, converting a large warehouse in Manteno into one of the most advanced energy storage and battery manufacturing facilities in the country. More than 300 are now working there, with up to 2,600 employed at full operations.

Registration for the next CAIC program begins on June 16. For more information visit the CAIC website: calumetareaindustrial.com. 

About Gotion Illinois:
Gotion Illinois is a cutting-edge energy story manufacturer, based in Manteno, Illinois. It specializes in energy storage solutions for home, industrial, transportation, and off-grid applications. With a “Local for Local” strategy, Gotion Illinois hires local talent, sources local materials and produces high-quality and innovative clean energy systems for both domestic and international markets.

About CAIC:
The Calumet Area Industrial Commission (CAIC) is a non-profit organization focused on industrial retention and expansion in the Greater Calumet Industrial Area, which covers the Far South Side of Chicago, Southern Cook County, Will County, Kankakee County and Northwest Indiana. CAIC provides programs and services in industrial advocacy, economic development, business development, workforce development and community outreach.

 

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SOURCE Gotion

Partnership with Calumet Area Industrial Commission prepares area residents for skills needed for modern manufacturing jobs

MANTENO, Ill., June 6, 2025 /PRNewswire/ — Gotion Illinois, a global innovator in next-generation energy storage and batteries, welcomed 15 newly trained area residents to its manufacturing facility in Manteno. They are the first graduating class in a unique partnership that confirms Gotion’s commitment to local hiring.

The program, conducted by the Calumet Area Industrial Commission (CAIC), is designed to provide students with foundational and advanced skills in modern manufacturing processes. It emphasizes hand-on experience, safety, production systems and quality control, which are all key components of Gotion Illinois’ operation.

“Gotion Illinois is proud to collaborate with CAIC in building a strong manufacturing workforce in Manteno and the surrounding region,” said Mark Kreusel, General Manager of Gotion Illinois, “Programs like this reflect our shared commitment to creating real pathways to high-tech careers while investing in the future of the communities we call home.”

The training culminated in a graduation ceremony and plant tour, where students were recognized for their achievements. Most significantly, every graduate will have the opportunity to interview directly with Gotion Illinois for employment consideration, turning their training into potential careers.

“As CAIC continues to champion workforce development, partnerships like this illustrate the power of collaboration between community-focused organizations and forward-looking manufacturers,” said Ted Stalnos, President/CEO of CAIC. “When an employer like Gotion Illinois offers the potential for local, high-paying careers for CAIC Program Graduates, the incentive rises to meet the opportunity for our local workforce.”

Gotion Illinois is making a $2 billion investment, converting a large warehouse in Manteno into one of the most advanced energy storage and battery manufacturing facilities in the country. More than 300 are now working there, with up to 2,600 employed at full operations.

Registration for the next CAIC program begins on June 16. For more information visit the CAIC website: calumetareaindustrial.com. 

About Gotion Illinois:
Gotion Illinois is a cutting-edge energy story manufacturer, based in Manteno, Illinois. It specializes in energy storage solutions for home, industrial, transportation, and off-grid applications. With a “Local for Local” strategy, Gotion Illinois hires local talent, sources local materials and produces high-quality and innovative clean energy systems for both domestic and international markets.

About CAIC:
The Calumet Area Industrial Commission (CAIC) is a non-profit organization focused on industrial retention and expansion in the Greater Calumet Industrial Area, which covers the Far South Side of Chicago, Southern Cook County, Will County, Kankakee County and Northwest Indiana. CAIC provides programs and services in industrial advocacy, economic development, business development, workforce development and community outreach.

 

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SOURCE Gotion

NEW YORK, June 6, 2025 /PRNewswire/ — Seeds of Fortune Inc., a nonprofit dedicated to the economic empowerment of youth, is proud to announce an exciting new partnership with award-winning actress and producer Marsai Martin and her Marsai’s Way Foundation. Over the next three years, the organizations aim to empower 10,000 young women through financial education and wealth-building initiatives.

This groundbreaking collaboration will officially launch at the Seed Forum: Women of Color Creating Wealth Summit, a premier event convening financial institutions, industry leaders, and aspiring young women. The summit serves as a launchpad for bold conversations and strategic solutions to close the racial and gender wealth gap—fostering a new generation of financially empowered leaders.

“At Seeds of Fortune, we believe education is the foundation of economic equity,” said Nitiya Walker, Founder & Executive Director of Seeds of Fortune Inc. “Our partnership with Marsai’s Way Foundation allows us to scale this mission and deliver financial literacy, mentorship, and career access to thousands of young women who deserve to build wealth and opportunity for themselves and their communities.”

Key components of the initiative include:

• Wealth-Building Programs: A curriculum focused on budgeting, investing, entrepreneurship, college and career readiness.
• Mentorship Opportunities: Young women will receive support and guidance from finance and business leaders.
• Access to Exclusive Events: Two outstanding students will be selected to attend the Marsai’s Way Foundation Annual BBQ: Sai Summer Cookout, gaining exposure, inspiration, and networking with influential figures across finance and entertainment.

Marsai Martin, known for her groundbreaking work in television and film, created Marsai’s Way Foundation to help young people find confidence and power in their authentic selves.

“This partnership is about more than just finances—it’s about creating freedom,” said Marsai Martin, Founder of Marsai’s Way Foundation. “I want girls who look like me to know they can own their futures, build wealth, and become leaders in every room they walk into.”

Together with leading financial institutions, this initiative will provide young women with tangible tools to grow and manage wealth, pursue higher education, and launch careers across industries where women of color are often underrepresented.

About Seeds of Fortune Inc. 
Seeds of Fortune Inc. is an educational nonprofit that helps youth gain economic empowerment through college access, financial literacy, and career development. Since its founding, the organization has supported students in earning millions in scholarships and early-stage career opportunities.

About Marsai’s Way Foundation 
Marsai’s Way Foundation, founded by actress and producer Marsai Martin, empowers youth to explore their passions, lead with authenticity, and embrace mental wellness. The foundation builds safe spaces for young people to grow, learn, and thrive in creative and professional spaces.

Press Contact: 
Raven Robinson
Director of Communications
raven@pr2politics.com
www.seedsoffortune.org

View original content:https://www.prnewswire.com/news-releases/seeds-of-fortune-inc-and-marsai-martin-join-forces-to-empower-10-000-young-women-through-financial-education-and-wealth-building-302475455.html

SOURCE Seeds of Fortune Inc.

Smith to Lead New Era of Client-Centered Growth

GENEVA, Ill., June 9, 2025 /PRNewswire/ — Metiri Group, a leading expert and partner in environmental testing solutions, today announced the appointment of Julie R. Smith as Chief Executive Officer, effective immediately. Smith has served as interim CEO since October 2024. She takes over from Cabot Earle, who now serves as Metiri Group’s Founder & Chief Strategy Officer, leading the company’s M&A strategy. 

These leadership changes complete Metiri Group’s Executive team, with Ronald Markle serving as Chief Financial Officer and Sally Cummins serving as Chief Commercial Officer. The strengthened C-Suite positions the company for continued growth and innovation.

In her new role, Smith will guide Metiri Group through a critical phase of growth and strategic transformation with a vision to unite the deep expertise of its legacy laboratory brands and rethink how laboratories and companies can work together.

“I’m honored and excited to be part of Metiri Group’s evolution as a breakout environmental testing partner,” said Smith. “This new chapter is all about helping our clients succeed. Our clients need a trusted partner who acts as an extension of their team and anticipates what’s ahead. Metiri Group is ready to deliver the data and insights they need to protect communities, comply with evolving regulations and lead with confidence.”

As CEO, Smith will elevate Metiri Group’s resources, expertise and leadership as an environmental testing partner. She will specifically focus on guiding team members to foster trust and deliver high-quality experiences at every point of the customer journey.

“This is a defining moment for Metiri Group,” said Smith. “We have a capable and energized team that is ready to align strategy and execution, drive strong organic and M&A growth and define a compelling client experience that goes beyond the transactional interactions that can be common in our industry.”

Smith has decades of leadership experience, building cultures where people thrive and connecting external engagement, client experiences and external performance. She has previously led nationally recognized organizations, including Homewatch CareGivers, Lincoln Educational Services and The Princeton Review.

“On behalf of the Board of Directors, I am excited to welcome Julie as CEO of Metiri Group. Julie is a savvy business leader with a track record of success in multi-site service companies. She has already demonstrated strong momentum at Metiri Group building upon our national network of laboratories and assembling a cohesive, high-performing team with the expertise and flexibility needed to deliver exceptional service to our clients both locally and nationwide,” said Eddie Sigman, investor at Goldman Sachs Alternatives and board member of Metiri Group.

For more information about Metiri Group, visit Metirigroup.com.

About Metiri Group

Metiri Group is a nationally recognized environmental testing laboratory specializing in air, water and soil analysis. We offer expertise in PFAS, TO-15, Incremental Sampling and wastewater treatment facilities analysis, maintenance and operations. With a focus on scientific integrity, rapid turnaround, and responsive service, we support clients across government, industry, and consulting sectors. Our accredited labs and expert team deliver actionable data to guide critical environmental decisions.

Follow Metiri Group on LinkedIn.

About Sustainable Investing at Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.

The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

Sustainable Investing at Goldman Sachs Alternatives seeks investments in thematic climate transition and inclusive growth opportunities by backing companies that have an impact in these two areas. The leadership and broader team bring decades of combined experience, broad investment knowledge across the sustainability landscape and a proprietary corporate network of sustainability leaders from global corporations – all supported by the broader resources of Goldman Sachs.

The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has approximately $3.2 trillion in assets under supervision globally as of March 31, 2025.

Follow us on LinkedIn.

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SOURCE Metiri Group

TORONTO, June 6, 2025 /PRNewswire/ – Westbridge Renewable Energy Corporation (TSXV: WEB), (OTCQX: WEGYF), (FRA: PUQ) (“Westbridge“, “Westbridge Renewable” or the “Company“) announced today that the TSX Venture Exchange (the “TSXV“) has approved the commencement by Westbridge Renewable of a normal course issuer bid program (the “NCIB“).

The Company wishes to clarify that the NCIB will commence on June 11, 2025 and will terminate on June 10, 2026 or on an earlier date if the maximum number of common shares sought in the NCIB has been repurchased, instead of June 9, 2025 and June 8, 2026, respectively, as previously announced.

About Westbridge Renewable Energy

Westbridge Renewable Energy Corp. originates, develops, and monetizes best-in-class, utility-scale solar PV projects. The Company has a portfolio of projects in four key jurisdictions, Canada, the U.S., the U.K., and Italy. Westbridge plans to deliver attractive, long-term returns by originating, executing, and developing an international portfolio of renewable assets for investors and utilities. Management has a strong track-record with 40+ projects developed worldwide, obtaining, and executing projects. As one of the very few listed pure-play Canadian solar development companies, Westbridge provides its investors with valuable access to greenfield solar projects. This means the Company can invest at the earliest stage of solar energy development benefiting from the full value chain, as well as the expected wider adoption of renewable energy going forward. Westbridge brings together regulators, corporate buyers, and landowners with the goal of delivering clean, sustainable electricity to end users.

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 release.

Forward-Looking Statements

Certain information set forth in this document contains forward-looking information and statements including, without limitation, purchases of the Shares made under the NCIB and the timing thereof, the duration of the NCIB, the management’s business strategy, management’s assessment of future plans and operations. Such forward-looking statements or information are provided for the purpose of providing information about management’s current expectations and plans relating to the future, including the duration of the NCIB, the purchases of the Shares if at all, as there is no assurance the NCIB will be completed for the full term or at all. Forward-looking statements or information typically contain statements with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project”, “potential” or similar words suggesting future outcomes or statements regarding future performance and outlook. Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include risks and uncertainties relating to Company’s ability to obtain regulatory approval or at all. The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

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SOURCE Westbridge Renewable Energy Corp.

NEW YORK, June 6, 2025 /PRNewswire/ — Onyx Renewables (Onyx), a leading provider and owner of localized clean energy solutions, today announced the closing of a $260-million credit facility to support the growth of Onyx’s portfolio of distributed energy projects across the U.S.

The senior secured facility, which may be increased to $350 million, is comprised of a term loan, revolving line of credit, and a $10-million Letter of Credit facility that will directly support the ongoing construction and operation of Onyx’s clean energy infrastructure projects, including onsite solar PV and battery storage. These installations are expected to deliver both immediate and long-term benefits to a broad range of customers through energy cost savings, operational resiliency during outages, and reduced carbon emissions.

Apterra Infrastructure Capital served as the Administrative Agent, Lead Arranger, and Sole Bookrunner for the financing. Investec acted as a Lender and Letter of Credit and Hedge Provider, and ATLAS SP Partners, the warehouse finance and securitized products business majority-owned by Apollo funds, acted as a Lender for the transaction. The new loans will replace Onyx’s existing revolving credit facility and represent the company’s largest institutional capital raise to date, underscoring strong investor confidence in the company’s proven development, construction, and operating capabilities.

“This financing structure supports the growth and value created by the Onyx team and enables us to address the urgent need for implementing cost-effective, resilient power solutions in the commercial and industrial sectors,” said Mary Beth Mandanas, CEO of Onyx Renewables. “We are well-positioned to further scale and deliver the best-in-class, quality solutions our customers expect.”

“Apterra is proud to have led this milestone transaction for Onyx, supporting the company’s continued growth and development of high-quality renewable energy projects,” said Michael Pantelogianis and Ralph Cho, co-CEOs of Apterra. “These projects are poised to deliver cost-competitive clean energy to a broad range of customers, and we believe the transaction demonstrates the types of customized infrastructure finance solutions that Apterra can provide to leading developers and operators.” 

About Onyx Renewables
Onyx Renewables is helping companies create the bridge from today’s clean energy reality to tomorrow’s possibilities. A leading provider of localized clean energy solutions nationwide, Onyx leverages its wide-ranging industry expertise to develop, finance, construct, own, and operate projects that deliver immediate economic savings and sustainability for our commercial, industrial, and institutional customers. From solar energy to battery storage and beyond, Onyx transforms energy and regulatory complexities into tangible results, delivering best-in-class, quality solutions to promote a sustainable future for the next generation. Onyx also partners with developers and EPCs to support, fund, and acquire clean energy projects. To learn more, visit onyxrenewables.com.

About Apterra
Apterra, an affiliate of Apollo Global Management, is a premier platform specializing in innovative financing solutions for infrastructure projects. Our tailored capital services empower clients, including financial sponsors and developers, to optimize assets and achieve sustainable growth. Fueled by strong relationships, our distribution network ensures seamless access to capital through partnerships with banks, investors, and asset managers. We are focused on driving growth and operational integrity in the infrastructure sector, while creating enduring value for our clients. Visit www.Apterra.com to learn more.

Media Contacts

Onyx Renewables: Jenna Leitgeb, media@onyxrenewables.com

Apterra: https://apterra.com/contact

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SOURCE Onyx Renewables LLC

MIAMI, June 6, 2025 /PRNewswire/ — CLUB4 Fitness and Sneaker Impact are proud to celebrate the success of their ongoing sneaker recycling partnership, which continues to deliver meaningful environmental and community impact. Since launching the initiative, participating CLUB4 Fitness locations have collected a total of 1,979 pounds of used sneakers.

This collection effort resulted in 981 pairs of gently worn sneakers being redirected to underserved communities around the world. An additional 287 pairs of mixed or casual footwear were repurposed, while 209 pairs were processed as end-of-life items to ensure they were kept out of landfills. In total, the program has helped divert approximately 14,781 kilograms of CO₂e emissions, further demonstrating the environmental value of responsible sneaker recycling.

“Our partnership with CLUB4 Fitness aligns perfectly with our long-term sustainability goals,” said Maggie Echenique, Director of Partnerships at Sneaker Impact. “We’re proud to provide their members with an opportunity to give their old sneakers new purpose—keeping them out of landfills and placing them in the hands of those who need them most.”

Sneaker Impact, a Miami-based social enterprise, manages the logistics and processing to ensure every pair of sneakers is either reused or sustainably recycled. This ongoing collaboration with CLUB4 Fitness underscores both organizations’ shared dedication to sustainability, waste reduction, and global impact.

To learn more about the program or how to get involved, visit www.sneakerimpact.com.

Media Contact:
Maggie Echenique
Director of Partnerships, Sneaker Impact
maggie@sneakerimpact.com

View original content:https://www.prnewswire.com/news-releases/club4-fitness-and-sneaker-impact-partner-to-divert-nearly-2-000-lbs-of-sneakers-from-landfills-302475415.html

SOURCE Sneaker Impact

AIEV Received Approval to Trade on the OTCQB Venture Market effective June 5, 2025

WILMINGTON, Del., June 6, 2025 /PRNewswire/ — Thunder Power Holdings, Inc. (OTCQB: AIEV) (“Thunder Power” or the “Company”), a technology innovator and developer of premium passenger Electric Vehicles (“EVs”) whose acquisition strategy is focused on addressing strategic gaps in the EV sector with a diversified approach across the clean energy value chain, today provided listing and operational updates.

Highlights

• AIEV received its approval to trade on the OTCQB Venture Market effective June 5, 2025.
• AIEV received formal notification from the U.S. Securities and Exchange Commission’s (SEC) Division of Corporation Finance, Office of Manufacturing, confirming the completion of the SEC’s review of the Company’s Revised Preliminary Proxy Statement on Schedule 14A, filed on May 29, 2025.
• AIEV plans to hold its Annual Meeting of Stockholders soon to approve the proposed issuance of shares pursuant to the Share Exchange Agreement with certain shareholders of Electric Power Technology Limited (“TW Company”), a Taiwan corporation traded on the Taipei Exchange under the code 4529.
• Stockholders will also vote on a proposal to affect a “reverse stock split,” a strategic action intended to attract a wider range of institutional and retail investors, improve stock liquidity, and provide greater flexibility to support Thunder Power’s growth strategy and capital-raising initiatives. 

Christopher Nicoll, Chief Executive Officer, commented, “Our recent receipt of the approval for the trading on the OTCQB Venture Market marks a pivotal step in Thunder Power’s evolution, enabling us to expend our reach and deepen our collaboration with Electric Power Technology. At the same time, we are pleased to announce that we can now set the date for our Annual Meeting of Stockholders to approve the Share Exchange Agreement with certain stockholders of Electric Power Technology Limited. This strategic partnership opens up new opportunities across the electric vehicle value chain, allowing us to leverage our complementary strengths for mutual growth. In today’s challenging market environment, the resilience and adaptability of our team have been key, and this new trading platform will help us broaden our investor base and strengthen our capital position. We are energized by the possibilities ahead and remain committed to building lasting value for our stockholders and partners as we pursue our vision for a smarter, cleaner mobility future.”

The Company also announced that its common shares began trading on the OTC Markets Group Inc.’s OTCQB Venture Market (the “OTCQB”) under the ticker “AIEV” effective as of the open of trading on June 5, 2025. The OTCQB is recognized by the SEC as an established public market and requires companies to be current in financial reporting, undergo annual verification, and meet management certification standards. This uplisting supports Thunder Power’s ongoing efforts execute its growth strategy across the clean energy value chain.

Mr. Nicoll, added, “The proposed reverse stock split is a strategic initiative which aims to enhance the Company’s visibility and appeal to a broader base of institutional and retail investors, improve liquidity, and strengthen its capital structure. This move is intended to position Thunder Power for accelerated growth, facilitate access to additional sources of capital, and support its long-term objective. The Board of Directors believes that the reverse stock split, if approved by stockholders, will provide greater flexibility to pursue strategic opportunities and partnerships as Thunder Power advances its ambitious business plan.”

Investors can find real-time quotes and market information on Thunder Power Holdings, Inc. at https://www.otcmarkets.com/stock/AIEV/overview. 

Share Exchange Transaction with Electric Power Technology Limited

At the Annual Shareholders’ Meeting, shareholders of the Company will vote on the proposed issuance of Common Stock pursuant to a Share Exchange Agreement. Under the Share Exchange Agreement, as amended, the Company will acquire approximately 30.8% of TW Company’s total issued and outstanding shares in exchange for newly issued shares of Thunder Power common stock. .

On March 4, 2025, TW Company announced that it entered into equity trading agreements with shareholders of Laiyang Solar Energy Co. (Laiyang) and Jinlaiyang Solar Energy Co. (Jinlaiyang) for the purchase of 4.4 megawatts generation capacity, which are expected to provide additional solar energy exposure for both TW Company and Thunder Power. Solar generation in Taiwan represented 5% of the electricity market in 2024. The Taiwanese government has set a target for 15% of the island’s electricity to come from renewable energy sources by 2025. Solar is forecasted to grow to 35% of total installed generation capacity by 2035. TW Company is listed on the Taipei Exchange under the code 4529.

Approval of this proposal will allow Thunder Power to acquire significant strategic assets and expand its footprint in the renewable energy sector. If approved by stockholders, the transaction is expected to enhance Thunder Power’s access to advanced technologies and manufacturing capabilities in Taiwan, supporting its long-term growth and global expansion strategy. 

By issuing additional shares as part of this transaction, the Company will strengthen its capital base, accelerate its growth initiatives, and position itself to capitalize on emerging opportunities in both the electric vehicle and clean energy markets. The Board believes this issuance is essential for executing Thunder Power’s long-term strategy and delivering sustainable value to its shareholders.

The Company will continue to evaluate and pursue significant strategic transactions to strengthen its platform and expand its international footprint. Additionally, the Company continues to pursue partnerships and capital market initiatives to provide Thunder Power with greater financial flexibility as it moves toward commercialization of its clean energy strategy.

About Thunder Power Holdings, Inc. 

Thunder Power is a technology innovator and a developer of innovative electric vehicles (“EVs”). The Company has developed several proprietary technologies, which are the building blocks of the Thunder Power family of EVs. The Company is focused on design and development of high performance EVs, targeting markets initially in Asia & Europe. Thunder Power’s acquisition strategy is focused on addressing strategic gaps in the EV sector combined with a diversified approach across the clean energy value chain. For more information, please visit: https://aiev.ai/

Contact:
AIEV Investor Relations
AIEV@dennardlascar.com 

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminologies such as “believes,” “expects” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results or outcomes could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including but not limited to, (i) operational risks, such as the Company’s ability to successfully execute on its business plan, its ability to complete the acquisition of Electric Power Technology Limited; its ability to receive stockholder approval to issue its common stock in relation to the Share Exchange Agreement; its ability to successfully acquire assets on terms that are favorable to the Company; its ability to integrate acquired assets effectively; and its ability to adapt operations in response to accidents, extreme weather events, natural disasters, and related economic effects; (ii) regulatory and compliance risks, such as the impact of new or amended governmental laws and regulations, including tariffs, clean energy policies, and environmental standards; changes in tax laws or tax-related matters; its ability to receive a successful audit outcome under Generally Accepted Accounting Standards; and its ability to maintain its listing on the OTCQB Venture Market; (iii) financial risks, such as the Company’s liquidity position and ability to obtain additional financing, if necessary; foreign currency exchange rate fluctuations; interest rate volatility; the Company’s current pre-revenue status and uncertainties surrounding its ability to generate revenue in the future, including potential delays in product development, market acceptance, or achieving profitability; (iv) market and industry risks, such as fluctuations in consumer acceptance and demand for electric vehicles; competition within the EV sector; the Company’s ability to integrate solar power technology into its products as part of clean energy innovation initiatives; fluctuations in the availability and cost of raw materials critical for EV production; and advancements in battery technology or alternative energy solutions that may impact market dynamics, and (v) such known factors as are detailed in the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the Securities and Exchange Commission, and in other reports filed by the Company with the Securities and Exchange Commission from time to time and available on the SEC’s website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors and those reported in the Company’s filings with the Securities and Exchange Commission. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements, except as required by applicable laws, regulations or rules.

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SOURCE Thunder Power Holdings, Inc.