Page 57 – Channelchek

Release – V2X Announces Successful Repricing and Extension of Term Loan and Revolver

Posted on April 3, 2025April 3, 2025 by aweinsoff@channelchek.com

April 03, 2025

RESTON, Va., April 3, 2025 /PRNewswire/ — V2X, Inc., (NYSE: VVX), announces it has successfully repriced and extended its $238 million Term Loan A and $500 million Revolving Credit Facility (“Revolver”). As of December 31, 2024, there were no outstanding borrowings on the company’s Revolver.

“I’m pleased to announce further enhancements to our capital structure through a successful repricing and extension of our Term Loan A and Revolver,” said Shawn Mural, Senior Vice President and Chief Financial Officer at V2X.

The amendment includes an updated leverage-based pricing grid, offering over 50 basis points of interest savings compared to the prior grid, as well as an extension of the facility by two years to March 2030.

Mr. Mural continued, “This repricing and extension, which was well oversubscribed, builds on our recent Term Loan B repricing and demonstrates the strength and positioning of our business as well as our ongoing commitment to increasing value for shareholders. I’d like to thank our banking partners for their continued support and confidence in our business.”

Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 (the “Act”): Certain material presented herein includes forward-looking statements intended to qualify for the safe harbor from liability established by the Act. These forward-looking statements include, but are not limited to, all the statements in this release that are not historical, including, without limitation, interest savings, enhancements to our capital structure, and the strength and positioning of our business.

Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “could,” “potential,” “continue,” “can,” “goal,” “long-term,” “drive,” “next,” and variations of such words and or similar expressions and terminology. These statements are based on the beliefs and assumptions of the management of the Company based on information currently available to management.

These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions, and other important factors, many of which are outside our management’s control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the Company’s historical experience and our present expectations or projections. For a discussion of some of the risks and uncertainties that could cause actual results to differ from such forward-looking statements, see the risks and other factors detailed from time to time in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the SEC.

We do not undertake, and expressly disclaim, any duty or obligation to update any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

About V2X
V2X builds innovative solutions that integrate physical and digital environments by aligning people, actions, and technology. V2X is embedded in all elements of a critical mission’s lifecycle to enhance readiness, optimize resource management, and boost security. The company provides innovation spanning national security, defense, civilian, and international markets. With a global team of approximately 16,000 professionals, V2X enables mission success by injecting AI and machine learning capabilities to meet today’s toughest challenges across all operational domains.

Investor Contact
Mike Smith, CFA
Vice President, Treasury, Corporate Development and Investor Relations
IR@goV2X.com
719-637-5773

Media Contact
Angelica Spanos Deoudes
Director, Corporate Communications
Angelica.Deoudes@goV2X.com
571-338-5195

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SOURCE V2X, Inc.

Release – MariMed’s Betty’s Eddies Expands Top-Selling Brand With Introduction of THC & CBG-Infused Caramel Chews

Posted on April 3, 2025April 3, 2025 by aweinsoff@channelchek.com

Research News and Market Data on MRMD

April 03, 2025 7:30am EDT

Each Betty’s Caramelt Away Chew Uses Rich, Buttery Caramel, To Create Moments of Mellow

NORWOOD, Mass., April 03, 2025 (GLOBE NEWSWIRE) — Betty’s Eddies™, the all-natural cannabis chews handcrafted to fit a variety of needs, is expanding its lineup with the introduction of delicious caramel chews: Betty’s Caramelt Away. Betty’s Eddies is one of the top-selling and award-winning brands developed and distributed by leading multi-state cannabis operator, MariMed Inc. (“MariMed”) (CSE: MRMD) (OTCQX: MRMD).

Debuting in time for National Caramel Day on April 5, Betty’s Caramelt Away chews are now available at select cannabis retailers throughout Massachusetts, with plans for expansion into MariMed’s wholesale markets in the future. Each chew wraps customers in warmth with the rich, comforting flavor of classic caramel. They’re infused with a soothing blend of full-spectrum hash and CBG that lets consumers sink into sweet, cozy melty moments of mellow.

“Betty’s Eddies and caramel is the perfect pairing of two fan favorites,” said Sara Rosenfield, Brand Director at MariMed for Betty’s Eddies. Betty’s Eddies is the most popular edible brand in several of our core markets: Massachusetts, Maryland, and Delaware. Caramel consistently ranks among the most popular ingredients in candy and other sweet treats. Cannabis consumers will love the full-flavor, full-spectrum experience that the brand is known for with the creamy deliciousness of caramel.”

Betty’s Caramelt Away joins a full slate of Betty’s Eddies products that feature specific end-effects, including Bedtime Betty’s for restful nights, Take It Easy Eddies for stress relief, Go Betty Go for an energy boost, Ache Away Eddies for pain relief, Smashin’ Passion for sexual wellness, and Betty Good Times for any time.

About Betty’s Eddies
Betty’s Eddies™ all-natural fruit chews are handcrafted with full-spectrum cannabis, supporting cannabinoids, and herbal supplements and vitamins. Designed for whatever life throws at you, varieties include pain relief, immunity, energy, sleep and more. Founded in 2014 by medical cannabis patients on a mission to craft the best tasting and most effective edibles, best-selling Betty’s Eddies encompass the full spectrum of the plant’s benefits, including natural adaptogens, and are handcrafted in small batches with real organic fruits and vegetables. Find Betty’s Eddies in licensed dispensaries in Delaware, Maryland, Massachusetts, and Missouri. Learn more at www.bettyseddies.com.

About MariMed
MariMed Inc. is a leading multi-state cannabis operator, known for developing and managing state-of-the-art cultivation, production, and retail facilities. Our award-winning portfolio of cannabis brands, including Betty’s Eddies™, Bubby’s Baked™, Vibations™, InHouse™, and Nature’s Heritage™, sets us apart as an industry leader. These trusted brands, crafted with quality and innovation, are recognized and loved by consumers across the country. With a commitment to excellence, MariMed continues to drive growth and set new standards in the cannabis industry. For additional information, visit www.marimedinc.com.

Media Contact:
Zach Galasso
DPA Communications
Email: zach@dpacommunications.com
Phone: (978) 604-5423

Company Contact:
Howard Schacter
Chief Communications Officer
Email: hschacter@marimedinc.com
Phone: (781) 277-0007

Source: MariMed Inc.

Released April 3, 2025

Government Solutions Industry Report: New ICE Emergency Funding?

Posted on April 3, 2025April 3, 2025 by slightbourne@noblecapitalmarkets.com

Thursday, April 3, 2025

Joe Gomes, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the bottom of the report for important disclosures

Emergency Funding. On Tuesday, the Department of Homeland Security submitted on SAM.gov for an emergency detention and related services strategic sourcing vehicle to bring an additional allotment of detention beds online nationwide, in compliance with the President’s Declaration of a National Emergency at the Southern Border of the United States and related Executive Orders. The maximum ceiling value of the vehicle is $45 billion.

Details. Under the RFP, the government anticipates making multiple indefinite delivery/indefinite quantity (IDIQ) contract awards. It appears the contract will have a two-year period of performance, from April 14, 2025, through April 13, 2027. Responses are due by April 4th. Under the scope of work, the vendor may be required to provide infrastructure, staffing, services, and/or supplies necessary to provide safe and secure confinement for aliens in the administrative custody of ICE. Ground transportation services may also be required.

Current ICE Population. ICE populations have increased significantly under the new Administration. ADP during the month of October was 38,714, which rose to 40,205 for the month of January. ADP for March 1 through March 22nd was 47,304, while the population on that date was 47,892, according to ICE. There has not yet been a significant change in ATD populations.

Implications. Given the timelines involved and the scope of work required, this ID/IQ would seem to favor the abilities of both CoreCivic and GEO, given their history in the sector and the number of idle facilities that can be brought back online. ICE’s budget in 2024 was $9.7 billion, with about $3.3 billion dedicated to Enforcement and Removal Operations, so a new max of $45 billion is a major jump. If these types of funds are put to use in a timely manner, the current financial projections for both CoreCivic and GEO would prove conservative, in our view.

Research reports on companies mentioned in this report are available by clicking below:

CoreCivic (CXW)

The GEO Group (GEO)

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Noble is not a market maker in any of the companies mentioned in this report. Noble intends to seek compensation for investment banking services and non-investment banking services (securities and non-securities related) with any or all of the companies mentioned in this report within the next 3 months

ANALYST CREDENTIALS, PROFESSIONAL DESIGNATIONS, AND EXPERIENCE

Senior Equity Analyst focusing on Basic Materials & Mining. 20 years of experience in equity research. BA in Business Administration from Westminster College. MBA with a Finance concentration from the University of Missouri. MA in International Affairs from Washington University in St. Louis.
Named WSJ ‘Best on the Street’ Analyst and Forbes/StarMine’s “Best Brokerage Analyst.”
FINRA licenses 7, 24, 63, 87

WARNING

This report is intended to provide general securities advice, and does not purport to make any recommendation that any securities transaction is appropriate for any recipient particular investment objectives, financial situation or particular needs. Prior to making any investment decision, recipients should assess, or seek advice from their advisors, on whether any relevant part of this report is appropriate to their individual circumstances. If a recipient was referred to Noble Capital Markets, Inc. by an investment advisor, that advisor may receive a benefit in respect of
transactions effected on the recipients behalf, details of which will be available on request in regard to a transaction that involves a personalized securities recommendation. Additional risks associated with the security mentioned in this report that might impede achievement of the target can be found in its initial report issued by Noble Capital Markets, Inc.. This report may not be reproduced, distributed or published for any purpose unless authorized by Noble Capital Markets, Inc..

RESEARCH ANALYST CERTIFICATION

Independence Of View
All views expressed in this report accurately reflect my personal views about the subject securities or issuers.

Receipt of Compensation
No part of my compensation was, is, or will be directly or indirectly related to any specific recommendations or views expressed in the public
appearance and/or research report.

Ownership and Material Conflicts of Interest
Neither I nor anybody in my household has a financial interest in the securities of the subject company or any other company mentioned in this report.

GDEV Inc. (GDEV) – Marketing Strategy Hits Its Stride

Posted on April 3, 2025April 3, 2025 by cpereira@noblefcm.com

Thursday, April 03, 2025

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Solid Q4 results. The company reported Q4 revenue of $97.5 million, modestly lower than our estimate of $101.0 million, but adj. EBITDA of $12.2 million was substantially better than our estimate of a loss of $1.9 million, as illustrated in Figure #1 Q4 Results. The adj. EBITDA beat was largely driven by the company’s efficient use of selling and marketing expenses, which was 25% lower than our estimate.

Key operating metrics. In Q4, the company generated $94 million in bookings and had 292,000 monthly paying users (MPU). Bookings were largely in line with our expectations, while MPUs were modestly lower than we anticipated. Importantly, the decrease in MPU’s moderated from the quarter-over-quarter decrease experienced in Q3, and the company’s strategic marketing efforts appear to be gaining traction.

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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.

MariMed Inc. (MRMD) – A Cannabis Brands Company; Initiating Coverage

Posted on April 3, 2025April 3, 2025 by cpereira@noblefcm.com

Thursday, April 03, 2025

Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Initiating Research Coverage. We are initiating research coverage of MariMed, Inc. with an Outperform rating and a $0.25 price target. MariMed is a cannabis brand powerhouse, in our view, with leading market shares in current markets and significant expansion potential both within existing markets and new greenfield markets.

MSO. With operations in six states, MariMed is a vertically integrated seed-to-sale cannabis provider. Following in the footsteps of successful consumer brands companies, MariMed has three market leading brands across its operations. We expect the Company to benefit from the growth of its brands in growing markets as well as the addition of new markets in Ohio, Illinois, and Delaware in 2025.

Get the Full Report

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

Oil Prices Plunge 7% as Trump Tariffs and OPEC+ Supply Hike Shake Global Markets

Posted on April 3, 2025April 3, 2025 by slightbourne@noblecapitalmarkets.com

Oil prices took a dramatic hit on Thursday, tumbling over 7% as panic selling gripped financial markets. The sharp decline followed former President Donald Trump’s announcement of sweeping new tariffs and an unexpected supply increase from OPEC+, both of which fueled uncertainty about global demand and market stability.

By mid-morning, West Texas Intermediate (WTI) crude oil (CL=F), the U.S. benchmark, had fallen 7.5% to around $66.10 per barrel, while Brent crude (BZ=F), the global benchmark, dropped below $70 per barrel. This marked one of the largest single-day declines in recent months and signaled a potential shift in market sentiment.

The steep decline was largely driven by fear and uncertainty rather than immediate changes in supply and demand fundamentals, according to market analysts.

“Current discussions about an expected increase in oil production by the OPEC+ and uncertainties about the real impact of the recently announced tariffs are creating downward pressure on oil prices,” said Francisco Penafiel, managing director of investment banking at Noble Capital Markets. “We feel this volatility will continue at least in the near term, until we start measuring the effects from the tariffs and favorable oil market fundamentals prevail over fears of a global economic downturn affecting global demand.”

“The panic selling that’s occurring is very likely an over-exaggeration of the true fundamentals,” said Dennis Kissler, senior vice president for trading at BOK Financial Securities. “Near term, however, there’s a lot of unknowns, so you’re seeing a lot of funds unwind positions.”

Investors had been bullish on oil prices in recent weeks, expecting geopolitical tensions and supply constraints to keep the market tight. However, the combination of Trump’s aggressive trade policies and OPEC+’s decision to boost production has introduced fresh concerns about oversupply and weaker global demand.

Adding to the selloff, the Organization of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, announced they would increase oil production by 411,000 barrels per day starting in May.

While markets had anticipated some additional supply, the move was larger than expected, deepening losses in crude prices.

With global supply now expected to rise and demand potentially slowing due to economic uncertainty, traders are recalibrating their outlooks for oil prices heading into the second half of 2025.

Trump’s new tariff policies have raised concerns about the broader impact on economic growth. While energy imports were not specifically targeted in the latest round of tariffs, the indirect effects could be significant.

China, the world’s largest crude importer, now faces a 54% tariff on U.S. goods. If the Chinese economy slows as a result, its demand for oil could weaken, further pressuring global crude markets.

Before Thursday’s selloff, oil prices had been rising due to Trump’s pressure on Iran, Venezuela, and Russia to curb their oil exports. This rally had already driven U.S. gas prices to their highest levels since September, with the national average nearing $3.25 per gallon.

With oil prices now plunging, the outlook remains uncertain. If crude prices continue to fall, gas prices could stabilize or even decline. However, if global trade tensions persist and economic growth slows, oil demand could remain under pressure in the months ahead.

For now, investors are bracing for more volatility as geopolitical risks and market uncertainty take center stage.

Bidding War Heats Up as TikTok Faces Looming U.S. Deadline

Posted on April 3, 2025April 3, 2025 by slightbourne@noblecapitalmarkets.com

Key Takeaways:
– Amazon and OnlyFans founder Tim Stokely have joined the bidding war for TikTok ahead of the April 5 U.S. divestment deadline.
– Private equity firms and venture capital groups are exploring alternative funding options, including a potential buyout led by Oracle.
– Regulatory concerns over Chinese ownership continue to drive the push for a sale, with the U.S. government insisting on a deal that reduces Beijing’s influence.

As the April 5 deadline for TikTok’s U.S. divestment nears, the competition to acquire the short-video giant is intensifying. The latest bidders to emerge include tech giant Amazon and a consortium led by OnlyFans founder Tim Stokely, joining an already crowded field of private equity firms and venture capital investors looking to take control of TikTok’s U.S. operations. With the looming threat of a ban, TikTok’s fate remains uncertain, and the final buyer will play a crucial role in shaping the future of one of the world’s most popular social media platforms.

Amazon has reportedly sent a letter to Vice President JD Vance and Commerce Secretary Howard Lutnick confirming its interest in acquiring TikTok. Though Amazon has not publicly commented on its bid, the news has already made waves—Amazon’s stock rose by 2% following reports of its interest. The tech giant has long sought to strengthen its presence in social media, having previously acquired Twitch in 2014 and attempted to launch a TikTok-style feature called Inspire, which was later scrapped. If successful, an Amazon acquisition of TikTok would not only expand its reach among younger audiences but could also enhance its advertising business and e-commerce ecosystem.

Meanwhile, several private equity firms and venture capital groups are exploring potential deals. Blackstone is in discussions to join ByteDance’s non-Chinese investors, such as Susquehanna International Group and General Atlantic, to fund a U.S. takeover. Separately, venture capital firm Andreessen Horowitz is backing an effort led by Oracle to acquire TikTok’s U.S. business, a move that would sever the platform from its Chinese parent company.

In a surprising twist, Tim Stokely, the founder of OnlyFans, has thrown his hat into the ring. His new startup, Zoop, has partnered with a cryptocurrency foundation to submit a late-stage bid for TikTok. While the details of Zoop’s financial backing remain unclear, Stokely’s involvement signals an unconventional approach to TikTok’s future ownership, raising questions about how it might change the platform’s business model, content policies, and monetization strategy.

The U.S. government remains firm in its stance that TikTok’s Chinese ownership presents a national security risk. The 2024 law requiring ByteDance to divest TikTok by January 19 was passed with overwhelming bipartisan support, and failure to comply could result in a complete U.S. ban of the app. Washington officials argue that Chinese ownership could allow Beijing to influence U.S. users and collect vast amounts of American user data. ByteDance and TikTok have repeatedly denied these claims.

To comply with U.S. regulations, discussions are underway to create a new U.S.-based TikTok entity where Chinese ownership would be reduced below 20%. However, finalizing such a deal within days remains a significant challenge.

With multiple bidders vying for control and just days left to finalize a deal, TikTok’s future in the U.S. hangs in the balance. If no agreement is reached by April 5, the platform could face severe restrictions or even an outright ban. Whether Amazon, private equity investors, or unexpected players like Stokely’s Zoop ultimately take control, the outcome will have significant implications for the social media landscape and digital advertising industry.

Release – FAT Brands Adds Bitcoin to the Menu as Form of Payment for Franchisees

Posted on April 2, 2025April 2, 2025 by aweinsoff@channelchek.com

Research News and Market Data on FAT

04/02/2025

Download(opens in new window)

Global Restaurant Franchising Company Accepts Cryptocurrency for Franchisee Royalty Payments

LOS ANGELES, April 02, 2025 (GLOBE NEWSWIRE) — FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”), a leading global franchising company and parent company of iconic brands including Round Table Pizza, Fatburger, Johnny Rockets, Twin Peaks, Fazoli’s and 13 other restaurant concepts, announced it is officially accepting Bitcoin for franchisee royalty payments. With over 2,300 locations worldwide, the Company is the first restaurant franchise to accept royalty payments in cryptocurrency. The move underscores FAT Brands’ commitment to financial and technological innovation.

“Over the years, Bitcoin has transformed into a mainstream asset and, as a Company, we see great value in expanding our forms of payments for our franchisees, especially for our international partners, who make up over 20 percent of our portfolio,” said Thayer Wiederhorn, COO of FAT Brands. “We look forward to utilizing Bitcoin as an efficient tool for streamlining and simplifying the payment process and are excited to be at the forefront of this evolution in embracing Bitcoin as it continues to grow in popularity.”

For more information on FAT Brands, please visit www.fatbrands.com.

About FAT (Fresh. Authentic. Tasty.) Brands

FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets, and develops fast casual, quick-service, casual dining, and polished casual dining concepts around the world. The Company currently owns 18 restaurant brands: Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Smokey Bones, Hot Dog on a Stick, Buffalo’s Cafe & Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises and owns over 2,300 units worldwide. For more information on FAT Brands, please visit www.fatbrands.com.

MEDIA CONTACT:
Erin Mandzik
emandzik@fatbrands.com
860-212-6509

Source: FAT Brands Inc.

Release – NJ TRANSIT to Install Conduent 3D Fare Gates to Modernize Stations

Posted on April 2, 2025April 2, 2025 by aweinsoff@channelchek.com

Research News and Market Data on CNDT

April 02, 2025

Transportation

New gates will be installed at the Secaucus Junction and Newark Liberty International Airport stations

Contract follows a recent agreement with SEPTA to install Conduent’s fare gates at nine different transit stations in the nearby Philadelphia area

FLORHAM PARK, N.J. — Conduent Transportation, a global provider of smart mobility technology solutions and business unit of Conduent Incorporated (Nasdaq: CNDT), today announced a contract with NJ TRANSIT to install state-of-the-art 3D fare gates across two of its stations in New Jersey. NJ TRANSIT will leverage Conduent’s advanced 3D Fare Gate Solution to modernize its infrastructure and enhance the reliability of fare collections.

The nearly 8-foot-tall gates will be installed in the coming months at NJ TRANSIT’s Secaucus Junction and Newark Liberty International Airport stations. The agency also has the option to expand the 3D gates to additional locations, further building on Conduent’s trusted 30 year-partnership with NJ TRANSIT.

“We’re honored to expand our relationship with NJ TRANSIT with their adoption of our 3D Fare Gate Solution,” said Adam Appleby, Group President, Public Sector Solutions at Conduent. “This innovative technology modernizes fare collection and helps ensure fair access to a transit system that benefits the entire region.”

In 2024, NJ TRANSIT awarded a five-year contract to Conduent for the continued implementation and enhancement of its contactless fare collection system.

The new fare gate agreement, for 72 gates in total, comes on the heels of a 2024 contract with the Southeastern Pennsylvania Transportation Authority (SEPTA) to install 100 Conduent 3D fare gates at nine transit stations in the Philadelphia area. SEPTA’s decision followed a successful pilot program at one station, where the integration of 3D fare gates and transit police efforts to deter fare evasion led to an increase in annual revenue. The gates are also used in Paris by Transilien SNCF.

Conduent Transportation is a leading provider of streamlined, high-volume mobility services and solutions, spanning tolling and advanced transit systems, which enhance the services provided by transportation agencies to benefit the citizens who use them. For over 50 years, the company has helped clients advance transportation solutions in more than 20 countries.

About Conduent
Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 55,000 associates, process expertise and advanced technologies, Conduent’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ missions in many ways including disbursing approximately $100 billion in government payments annually, enabling 2.3 billion customer service interactions annually, empowering millions of employees through HR services every year and processing nearly 13 million tolling transactions every day. Learn more at www.conduent.com.

Note: To receive RSS news feeds, visit www.news.conduent.com. For open commentary, industry perspectives and views, visit http://twitter.com/Conduent, http://www.linkedin.com/company/conduent or http://www.facebook.com/Conduent.

Trademarks
Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.

Media Contacts

Neil Franz

Conduent

neil.franz@conduent.com

+1-240-687-0127

Giles Goodburn

Conduent

ir@conduent.com

+1-203-216-3546

Xcel Brands (XELB) – Focused On Licensing Development

Posted on April 2, 2025April 2, 2025 by cpatches

Wednesday, April 02, 2025

Xcel Brands, Inc. 1333 Broadway 10th Floor New York, NY 10018 United States https:/Sector(s): Consumer Cyclical Industry: Apparel Manufacturing Full Time Employees: 84 Key Executives Name Title Pay Exercised Year Born Mr. Robert W. D’Loren Chairman, Pres & CEO 1.27M N/A 1958 Mr. James F. Haran CFO, Principal Financial & Accou

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Industry dynamics. The QVC Group recently announced that it is laying off 900 employees as part of its effort to become a live social shopping company. Notably, while we don’t anticipate QVC will stop live selling on traditional TV, the increased focus on social commerce is illustrative of changing consumer viewing habits. In our view, XCEL Brands is well positioned to benefit from shift in viewing habits toward streaming alternatives.

Valuable expertise. XCEL Brands is a veteran in the live selling space and has extensive experience working with celebrities to help bring their products to market and help them sell. In our view, the company is well positioned to provide celebrities with expertise both in traditional TV and social commerce selling, or live streaming.

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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

Celsius Holdings Completes $1.8 Billion Acquisition of Alani Nu, Expanding Functional Beverage Portfolio

Posted on April 2, 2025April 2, 2025 by slightbourne@noblecapitalmarkets.com

Key Points:
– Celsius acquires Alani Nu for $1.8B, expanding its zero-sugar beverage lineup.
– Alani Nu stays under Celsius, with leadership advising for brand continuity.
– The deal boosts market reach, blending Alani Nu’s online strength with Celsius’ retail power.

Celsius Holdings, Inc. (Nasdaq: CELH) has finalized its $1.8 billion acquisition of Alani Nutrition LLC (Alani Nu), strengthening its position in the rapidly growing functional beverage market. The deal, which includes $150 million in tax assets, effectively brings the net purchase price to $1.65 billion, paid through a combination of cash and stock. This acquisition expands Celsius’ portfolio of zero-sugar, health-focused energy drinks and positions the company to capitalize on increasing consumer demand for better-for-you beverage options.

Celsius has built a strong brand by catering to fitness-conscious consumers looking for functional energy drinks with zero sugar. With Alani Nu now under its umbrella, the company gains access to an established brand with a loyal following in the health and wellness space. The acquisition aligns with Celsius’ mission to provide innovative and flavorful products that cater to active lifestyles.

“The closing of this transaction further strengthens our ability to grow the energy drink category and reach new consumers who seek better-for-you, functional beverages as a healthier alternative to traditional, sugary energy drinks,” said John Fieldly, Chairman and CEO of Celsius Holdings.

Alani Nu, co-founded by fitness influencer Katy Hearn, has rapidly grown into a recognizable name in the industry, offering a variety of products including energy drinks, protein powders, and supplements. The brand’s appeal among health-conscious consumers makes it a natural fit within Celsius’ growing portfolio.

Under the terms of the deal, Alani Nu will continue to operate within Celsius, ensuring continuity in branding and product offerings. Key leadership members from Alani Nu will serve as advisors to Celsius, helping to maintain the brand’s identity while leveraging Celsius’ infrastructure and distribution network to expand its reach.

“Alani Nu has built a strong brand and a differentiated consumer base, which we believe will thrive and grow within the Celsius family,” said Alani Nu co-founder Max Clemons. “Thank you to the many Alani Nu employees and partners who have helped inspire and support our customers in their pursuit of active, wellness lifestyles. I look forward to working with the Celsius team to make Alani Nu products available to many more people and to continue creating great-tasting, functional products aligned with today’s wellness lifestyles.”

This acquisition is expected to unlock significant growth opportunities for both brands. Celsius’ established presence in retail and convenience store channels will provide Alani Nu with broader distribution, while Alani Nu’s strong online and direct-to-consumer business will complement Celsius’ expansion efforts.

The global energy drink and functional beverage market has seen substantial growth as consumers increasingly seek out healthier alternatives. With the addition of Alani Nu, Celsius is well-positioned to compete with industry giants like Monster and Red Bull by offering a broader range of health-conscious products.

As Celsius continues to innovate and expand, this acquisition sets the stage for increased market penetration, product innovation, and consumer engagement. By combining forces, Celsius and Alani Nu aim to reshape the functional beverage landscape and provide more options for those seeking energy and wellness in their drinks.

Job Openings Drop to Four-Year Low as Labor Market Cools

Posted on April 2, 2025April 2, 2025 by slightbourne@noblecapitalmarkets.com

Key Points:
– Job openings fell to 7.57 million, the lowest level since September 2024, signaling a cooling labor market.
– Hiring remained flat while the quits rate declined, indicating weaker worker confidence.
– Consumer concerns about unemployment are rising, with surveys showing the highest job loss expectations since 2009.

The US labor market showed further signs of cooling in February as job openings fell to their lowest level since September 2024. According to the latest Bureau of Labor Statistics (BLS) report, job openings dropped to 7.57 million, down from 7.76 million in January. This marks one of the lowest levels since early 2021 and continues the trend of a gradually slowing labor market.

Labor Market Adjusting to New Economic Reality

The decline in job openings signals a shift in employer demand, potentially in response to higher interest rates and economic uncertainty. Despite this, the labor market remains stable enough that the Federal Reserve is unlikely to adjust its stance on interest rates in the near term.

Oxford Economics lead US economist Nancy Vanden Houten noted, “The February JOLTS report showed some cooling of labor market conditions but is unlikely to sway the Federal Reserve from its view that the job market is stable enough to withstand an extended period of unchanged interest rates as the central bank monitors progress on inflation.”

The Federal Reserve is closely monitoring these labor market trends as it weighs potential rate cuts. According to the CME FedWatch Tool, investors currently see a 66% chance of a rate cut by the Fed’s June meeting.

Hiring and Quit Rates Near Decade Lows

The JOLTS report also highlighted that hiring remained relatively flat, with 5.4 million new hires in February, up slightly from January’s 5.39 million. The hiring rate held steady at 3.4%.

Meanwhile, the quits rate—a measure of worker confidence in the job market—fell to 2% from 2.1% in the prior month. Both the hiring and quits rates are hovering near decade lows, which raises concerns about future labor market weakness.

Kristina Hooper, chief global market strategist at Invesco, warned that a further slowdown in hiring and an increase in layoffs could pose risks to the economy. “If we think we’re going to see layoffs increase, which I very much anticipate going forward, and we continue to have pretty tepid job growth, that’s a problem,” Hooper said. She added that this situation could increase the risk of stagflation or a broader economic slowdown.

Consumer Sentiment Worsens Amid Labor Market Uncertainty

Public sentiment about the labor market is also turning negative. A recent survey from the University of Michigan showed that two-thirds of respondents expect the unemployment rate to rise within the next year—the highest reading since 2009.

In another sign of weakening labor demand, the Institute for Supply Management’s manufacturing employment index fell to 44.7% in February, its lowest level since September 2024.

Despite these concerns, official labor data has yet to reflect significant job losses. Economists expect the March employment report, set for release on Friday, to show a net gain of 140,000 jobs, slightly lower than February’s 151,000. The unemployment rate is projected to remain steady at 4.1%.

With job openings declining and consumer sentiment weakening, all eyes are on the upcoming labor reports to see whether the slowdown deepens or if the job market can maintain stability in the coming months.

Release – MAIA Biotechnology CEO Details Anticipated Clinical Milestones for Novel Cancer Immunotherapy in 2025 Letter to Shareholders

Posted on April 1, 2025April 1, 2025 by aweinsoff@channelchek.com

Research News and Market Data on MAIA

April 01, 2025 8:30am EDT Download as PDF

Lead compound THIO (ateganosine) is the only clinical-stage telomere-targeting anticancer agent throughout the field of cancer discovery
Potential FDA filings in 2026 for accelerated approval from THIO-101 and early full approval from THIO-104
Full Shareholder Letter available in Investors section of MAIA’s corporate website

CHICAGO–(BUSINESS WIRE)– MAIA Biotechnology, Inc., (NYSE American: MAIA) (“MAIA” or the “Company”), a clinical-stage biopharmaceutical company developing targeted immunotherapies for cancer, today published a 2025 Shareholder Letter by CEO Vlad Vitoc, M.D. detailing the Company’s key milestones for 2025 including several clinical trials and regulatory pathways.

“MAIA continues to bring innovation to the biotech industry as one of the earliest pioneers of telomere targeting as a strategy for cancer treatment. Our lead candidate is THIO (ateganosine), the only clinical-stage telomere-targeting anticancer agent throughout the field of cancer discovery,” states Dr. Vitoc at the opening of his shareholder letter. “We are working on multiple potential regulatory pathways that could provide accelerated approval and robust exclusivity for THIO in non-small cell lung cancer (NSCLC). Multiple milestones this year are expected to pave the path toward a potential FDA decision as early as next year.”

Letter Highlights

Phase 2 trial THIO-101 expansion underway; potential filing in 2026 for accelerated approval.
Phase 3 THIO-104 set to begin in mid-2025; potential filing in 2026 for early full approval.
Lead asset THIO shows exceptional efficacy in advanced NSCLC.
Multiple THIO trials planned in additional cancer indications.
Significant market opportunity in hard-to-treat cancers with unmet medical needs.

MAIA’s letter to shareholders is available at ir.maiabiotech.com.

About MAIA Biotechnology, Inc.

MAIA is a targeted therapy, immuno-oncology company focused on the development and commercialization of potential first-in-class drugs with novel mechanisms of action that are intended to meaningfully improve and extend the lives of people with cancer. Our lead program is ateganosine (THIO), a potential first-in-class cancer telomere targeting agent in clinical development for the treatment of NSCLC patients with telomerase-positive cancer cells. For more information, please visit www.maiabiotech.com.

Forward-Looking Statements

MAIA cautions that all statements, other than statements of historical facts contained in this press release, are forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that may cause our or our industry’s actual results, levels or activity, performance or achievements to be materially different from those anticipated by such statements. The use of words such as “may,” “might,” “will,” “should,” “could,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “project,” “intend,” “future,” “potential,” or “continue,” and other similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that statements are not forward-looking. For example, all statements we make regarding (i) the initiation, timing, cost, progress and results of our preclinical and clinical studies and our research and development programs, (ii) our ability to advance product candidates into, and successfully complete, clinical studies, (iii) the timing or likelihood of regulatory filings and approvals, (iv) our ability to develop, manufacture and commercialize our product candidates and to improve the manufacturing process, (v) the rate and degree of market acceptance of our product candidates, (vi) the size and growth potential of the markets for our product candidates and our ability to serve those markets, and (vii) our expectations regarding our ability to obtain and maintain intellectual property protection for our product candidates, are forward looking. All forward-looking statements are based on current estimates, assumptions and expectations by our management that, although we believe to be reasonable, are inherently uncertain. Any forward-looking statement expressing an expectation or belief as to future events is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future events and are subject to risks and uncertainties and other factors beyond our control that may cause actual results to differ materially from those expressed in any forward-looking statement. Any forward-looking statement speaks only as of the date on which it was made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In this release, unless the context requires otherwise, “MAIA,” “Company,” “we,” “our,” and “us” refers to MAIA Biotechnology, Inc. and its subsidiaries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250401656979/en/

Investor Relations Contact
+1 (872) 270-3518
ir@maiabiotech.com

Source: MAIA Biotechnology, Inc.

Released April 1, 2025