Kishore Kapoor, current EQB Board member and Chair of the Risk & Capital Committee, to step down effective January 1, 2027

TORONTO, Oct. 16, 2026 /PRNewswire/ -- The Board of Directors of EQB Inc. and Equitable Bank (collectively "EQB") today announced that it will appoint Vivian Abdelmessih to the Board of Directors and Chair of the Board's Risk & Capital Committee.

Ms. Abdelmessih is a seasoned risk management and financial services executive with extensive experience in enterprise risk management, capital oversight, regulatory compliance and corporate governance. Throughout her career, she has advised and led organizations through complex strategic, regulatory and operational challenges, developing a reputation for disciplined decision-making and strong governance oversight. She currently serves on the First Capital Real Estate Investment Trust Board and the Scientific Games Board and is the Chair of the Export Development Canada Board. She is also the incoming President and CEO of the Global Risk Institute. This change will be effective immediately.

"We are delighted to welcome Vivian to the Board and to appoint her as Chair of the Risk & Capital Committee," said Mike Pedersen, Chair of the Board of Directors, EQB Inc. "Vivian brings deep expertise in risk governance and a proven track record of leadership in highly regulated financial institutions. Her experience and insight will complement the Board's existing strengths and will be invaluable as EQB continues to execute its growth strategy while maintaining its longstanding commitment to prudent risk management."

Additionally, EQB is announcing that after 10 years of dedicated service, Kishore ("Kish") Kapoor has chosen to step down from the Board in January 2027, confident in EQB's strength and believing the time is right for an orderly succession. Mr. Kapoor remains a committed shareholder.

"Kish has been a tremendous partner to management and has helped shape the strong risk culture that exists at EQB today," said Chadwick Westlake, President and Chief Executive Officer of EQB. "We are deeply grateful for his many contributions, including the vital role he played in strengthening the company's overall governance, risk oversight and financial stewardship throughout several pivotal moments in our journey."

Mr. Kapoor most recently served as Chair of the Risk & Capital Committee and previously served as Chair of the Audit Committee, helping guide EQB through a period of significant growth, transformation and value creation.

The Board thanks Mr. Kapoor for his significant service and leadership over the past 10 years and looks forward to benefiting from Ms. Abdelmessih's contributions as EQB continues to advance its strategy and deliver value for its customers, shareholders and other stakeholders.

About EQB Inc.

EQB Inc. (TSX: EQB) is a leading Canadian financial services company with approximately $151 billion in combined assets under management and administration. It is the parent company of Equitable Bank, the country's seventh largest Schedule I bank by assets, which operates EQ Bank, Canada's Challenger Bank™.

Our purpose is to remake banking so every Canadian gets ahead, every day. Since 1970, we have built thoughtful financial solutions that serve more than 4 million customers, turning everyday moments into meaningful progress. As the exclusive financial partner of Loblaw Companies Limited's PC Optimum™ loyalty program – one of Canada's largest loyalty programs with more than 18 million members – EQ Bank's financial solutions are deeply embedded into the daily lives of Canadians.

We provide personal and commercial banking services to Canadian households and businesses through everyday banking, tailored lending and connected payments, while fueling competition and choice in Canadian banking. Through our subsidiaries, we also offer home and auto insurance, estate and trust services, credit union solutions and alternative asset management.

To learn more, visit eqb.investorroom.com and eqbank.ca, or connect with us on Instagram, Facebook or LinkedIn.

Investor contact: 

Lemar Persaud

SVP, Investor Relations & Enterprise Performance Management 

[email protected]    

Media contact: 

Danielle Mason

Director, PR & Communications

[email protected]

Forward-Looking Information

This news release may contain forward-looking statements that reflect EQB's current expectations about its future performance and capabilities. These statements are made based on assumptions and estimates and are subject to risks and uncertainties. Actual future results could differ materially from those currently anticipated. The statements are not guarantees of future performance. EQB does not undertake any obligation to update or publicly revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except to the extent required under applicable securities laws.

SOURCE EQB Inc.

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The Portuguese Cork Association Brings "Drink Responsibly. Choose a Bottle with a Natural Cork" Campaign to New York City with Experiential Pedicab Program

The Initiative Offers Free Pedicab Rides for Wine Trade and Consumers to Promote Mindful Consumption Across the City's Top Wine Events, Starting with Wine on Wheels

NEW YORK, Oct. 16, 2026 /PRNewswire/ -- The Portuguese Cork Association (APCOR) expands its U.S. educational campaign, "Drink Responsibly. Choose a Bottle with a Natural Cork" by providing New York's top wine events with complimentary cork-branded pedicab rides. A new activation, the experiential promotion encourages consumers to associate mindful consumption with natural cork, elevating their wine and spirits choices through sustainability, quality, and a culture of drinking better.

Redefining a phrase long associated with alcohol consumption, this campaign broadens the definition of responsibility to encompass quality, sustainability, and thoughtful closure selection. Because natural cork is renewable, recyclable, and essential to a zero-waste approach, it represents a truly responsible packaging choice for producers, retailers, and consumers alike.

The "Drink Responsibly. Choose a Bottle with a Natural Cork" experiential pedicab campaign officially launches in New York City on Sunday, October 18 at City Winery's Pier 57 location during the Wine on Wheels Grand Tasting. Founded by renowned sommelier and disability advocate Yannick Benjamin, the event brings together over 75 top sommeliers, 150 world-class wines, and offerings from 40 leading NYC restaurants. Throughout the event, attendees can take complimentary rides on APCOR pedicabs, prominently featuring the campaign slogan, to reach local transit hubs, including the 14th Street and 8th Avenue MTA subway station.

The pedicab tour will continue at Vinitaly.USA, the country's leading wine tasting event dedicated to Italian wines, on Monday, October 26 and Tuesday, October 27 at Pier 36 in New York City. The Italian wine trade event's New York City debut will see over 300 exhibitors and an anticipated 1,000+ trade professionals engaging with the "Drink Responsibly. Choose a Bottle with a Natural Cork" experiential pedicab campaign fleet on site to provide complimentary transit throughout the two-day event.

Further supporting the campaign's message of choosing products that support quality, sustainability, and the culture of drinking better, APCOR has partnered with the hospitality-driven Cork Collective, to host an onsite recycling program at wine events featuring the "Drink Responsibly. Choose a Bottle with a Natural Cork" pedicabs to reinforce the sustainability and circularity of natural cork. This year, Cork Collective made national headlines for repurposing natural corks collected from top New York City restaurants and turning them into social good community projects, including a 7,200-square-foot recycled cork pathway at Brooklyn's Marlboro Houses.

Following each October event, APCOR's pedicabs will pop up around New York City at select Cork Collective partner restaurants, offering complimentary transit rides to local subway stations for patrons who choose to purchase wines sealed with natural cork from select wine lists.

To learn more about the campaign and its active partnerships with upcycling natural cork artists like Kanye Tomiwa check out more information at @100percentcork on Instagram and Facebook.

About APCOR

Associação Portuguesa da Cortiça (APCOR) exists to represent and promote the Portuguese cork industry and its products. APCOR is the employers' association of national scope, created in 1956 and is based in Santa Maria de Lamas, at the heart of the cork industry around 30 kilometers from Porto, Portugal's second largest city. Membership of the association is open to all companies operating in the fields of production, marketing or export of cork products. The organization advocates on behalf of the Portuguese cork industry worldwide and is the driving force of an industry based on tradition, innovation and sustainability.

About Wine on Wheels

Wine on Wheels aids persons with disabilities living in New York City and its surrounding areas who are in need of assistance with the challenges posed by being disabled by providing such individuals with resourceful information, financial assistance, promoting independence, and empowerment, helping obtain education and employment and other such supportive services.

About Cork Collective

Cork Collective is an initiative fueled by the expertise and passion of its founding partners—Rockwell Group, Amorim, BlueWell & Southern Glazer's Wine & Spirits—and is dedicated to transforming cork waste into valuable resources, showcasing its versatility and circularity. Through partnerships with restaurants and hospitality venues, the Cork Collective collects and recycles wine corks, turning them into eco-friendly projects.

Media Contact

Leah Isenberg

Colangelo & Partners

[email protected]

SOURCE The Portuguese Cork Association (APCOR)

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The article explores the history, preparation methods, and coastal traditions that make Calabash seafood a recognizable part of Carolina dining.

MYRTLE BEACH, S.C., Oct. 16, 2026 /PRNewswire/ -- What makes Calabash-style seafood different from other fried seafood?

That question is answered in a HelloNation article featuring insights from Seafood Expert Mamie Howard Gunter of The Original Benjamin's Calabash Seafood in Myrtle Beach, SC.

The article explains how a regional cooking tradition became an important part of Carolina coastal cuisine. Originating in Calabash, NC, a small fishing community near the South Carolina border, the preparation developed among families who relied on fresh seafood and simple cooking methods. Over time, this approach spread throughout the Carolinas and became closely connected with Myrtle Beach dining.

The HelloNation article describes the light coating that distinguishes calabash-style seafood from other Southern fried dishes. Rather than relying on thick breading, the method uses a thin layer of seasoned flour or batter. This creates a golden, crisp exterior while allowing the seafood's natural flavor and tenderness to remain noticeable.

According to the article, traditional calabash seafood focuses on balancing texture and flavor. Heavier coatings can sometimes overpower delicate seafood, while the Calabash method emphasizes a lighter finish. This distinction helps explain why the preparation remains popular in coastal restaurants.

The article also examines the different seafood varieties commonly prepared using this technique. Calabash-style shrimp is a familiar choice because its natural sweetness pairs well with delicate breading. When cooked properly, shrimp develops a crisp exterior while remaining tender and moist inside.

Fish, oysters, and scallops are also part of the tradition. The article notes that mild fish such as flounder and whiting work especially well because their natural flavors remain noticeable beneath the coating. Fried oysters offer another experience, combining a soft interior with a lightly crisp exterior.

The HelloNation article highlights the importance of proper oil temperature when preparing calabash-style shrimp and other seafood. Oil that is too cool can cause excess grease absorption, while overly hot oil may brown the coating before the seafood finishes cooking. Maintaining a consistent temperature helps produce the desired texture.

Cooking seafood in manageable portions is another important technique. The article explains that overcrowding a fryer can lower the oil temperature and prevent even cooking. Leaving enough space between pieces helps maintain the light, crisp finish associated with traditional calabash seafood.

The article also discusses the familiar Southern side dishes served alongside fried seafood platters. Hush puppies, coleslaw, and french fries complement the seafood with different flavors and textures. Tartar sauce, cocktail sauce, and lemon wedges are common additions that complete the meal.

As tourism expanded along the Carolina coast, Myrtle Beach restaurants introduced more visitors to calabash seafood. The article notes that individual restaurants may vary their seasonings, seafood selections, and serving styles. Some offer individual portions, while others feature fried seafood platters with several varieties.

The article emphasizes that calabash seafood represents more than a frying technique. Its history reflects generations of coastal fishing, local ingredients, and shared meals. While recipes may differ, the emphasis on simple preparation and natural seafood flavor remains consistent.

The HelloNation article concludes that this cooking tradition continues to hold an important place in Carolina coastal dining. Understanding its history and preparation helps diners recognize the qualities that distinguish this regional specialty.

What Is Calabash-Style Seafood? features insights from Mamie Howard Gunter, Seafood Expert of Myrtle Beach, SC, in HelloNation.

About HelloNation

HelloNation is America's Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative "edvertising" approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

SOURCE HelloNation

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NEW YORK, Oct. 16, 2026 /PRNewswire/ -- Leading fine jewelry and bridal brand Gabriel & Co. is celebrating a decade of partnership with DKMS, the international nonprofit dedicated to the fight against blood cancer and blood disorders. To mark 10 years of collaboration and continued commitment to the cause, Gabriel & Co. is bringing its employees and broader community together through a series of initiatives supporting DKMS, including an in-office donor drive, a digital donor drive open to the public, the launch of a new DKMS jewelry collection, and participation in the annual DKMS Gala held on October 15.

"Giving back has always been at the heart of who we are as a company, and our partnership with DKMS has been one of the most meaningful parts of that journey," said Dominick Gabriel, Gabriel & Co. co-founder. "Ten years ago, we began this partnership with the belief that we could use our platform to make a meaningful difference. Today, we're proud to continue that commitment by encouraging our employees, customers and community to learn more, get involved and potentially help save a life."

As part of the 10-year celebration, Gabriel & Co. hosted an employee-only donor drive at its office on Tuesday, October 13, giving team members the opportunity to register with DKMS and join the global community of potential blood stem cell donors.

The company also launched a digital donor drive, extending the opportunity beyond the Gabriel & Co. team. Supporters can register through the dedicated online link and receive a cheek swab kit by mail to complete from home. The initiative is designed to make donor registration accessible to members of the Gabriel & Co. community and beyond.

For many people living with blood cancer or other blood disorders, a blood stem cell transplant from an unrelated donor can be a critical treatment option. Because patients often depend on finding a matching donor outside their family, expanding the donor registry can help increase the chances that patients find their match.

"DKMS will always hold a special place in my heart because I know firsthand what it means to need a match. When I was diagnosed, finding a donor was a matter of life and hope for my family and me. I'll never forget how my family, our company and DKMS came together during such a difficult time. Ten years later, I'm incredibly proud that what began as a personal journey has grown into a lasting commitment to helping other families find hope," said Christine Gabriel, Gabriel Love Foundation representative and wife of Gabriel & Co. co-founder Dominick Gabriel.

The partnership between Gabriel & Co. and DKMS reflects the company's longstanding commitment to philanthropy through the Gabriel Love Foundation, which was established in 2016 to support causes that have a meaningful impact on people's lives.

The company also joined DKMS supporters and advocates at the DKMS Gala on October 15, celebrating the organization's work and honoring the collective efforts of individuals and organizations committed to the fight against blood cancer. The black-tie event raised more than $2.3 million in essential funding for DKMS's global lifesaving work.

"Celebrating the 20th anniversary of our New York gala was a powerful reminder of how far compassion can go towards saving lives," said Katharina Harf, Global Chairman of DKMS. "I am deeply grateful to the community that has stood beside us for two decades, turning hope into second chances at life. Together, we will keep fighting for a future in which every patient, everywhere, can receive the lifesaving treatment they need."

To further celebrate the 10-year partnership, Gabriel & Co. is also introducing a new DKMS jewelry collection, continuing the company's tradition of using jewelry as a vehicle to raise awareness and support for important causes. The collection builds on Gabriel & Co.'s history of creating jewelry connected to the Gabriel Love Foundation and its philanthropic efforts.

Download Photos Here

For more information about the Gabriel Love™ Foundation, visit www.gabrielny.com/gabriel-love.

About Gabriel & Co.

Gabriel & Co. is an award-winning jewelry design house founded in 1989 by brothers Jack and Dominick Gabriel. Family owned and operated, the company began in New York City and has since evolved into one of the most prolific fine jewelry brands in the U.S. sold nationwide. The story of Gabriel & Co. is one of passion, integrity, service, and trust. By infusing passion into natural elements, Gabriel creates jewelry that enhances beauty, celebrates love and life's special moments, and personal achievements. Each piece, engraved with a serial number, is as unique as the woman who wears it.

Press Contact:

Alyssa McDonald

[email protected]

SOURCE Gabriel & Co.

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The NXG Cushing® Midstream Energy Fund Announces Fund Name Change

DALLAS, Oct. 16, 2026 /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") today announced that the Fund's Board of Trustees (the "Board") approved certain changes to the name of the Fund and the Fund's non-fundamental investment policies.

Effective December 18, 2026, the Fund's name will be The NXG Cushing® Energy Infrastructure Fund.

There will be no change to the Fund's New York Stock Exchange ticker symbol in connection with the name change. The CUSIP for the Fund's common shares will remain 231631300 following the name change.

Principal Investment Strategies of the Fund

The Fund will continue to pursue its investment objective to obtain a high after-tax total return from a combination of capital appreciation and current income. There can be no assurance that the Fund's investment objective will be achieved.

The Fund currently pursues its investment objective by investing, under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of midstream energy investments. The Fund considers midstream energy investments to be investments that offer economic exposure to securities of midstream energy companies, which are companies that provide midstream energy services, including the gathering, transporting, processing, fractionation, storing, refining and distribution of natural resources, such as natural gas, natural gas liquids, crude oil refined petroleum products, biofuels, carbon sequestration, solar, and wind.

As of December 18, 2026, it will no longer be a policy of the Fund to invest at least 80% of its net assets, plus any borrowings for investment purposes, in midstream energy investments.

Effective as of December 18, 2026, the Fund will pursue its investment objective by investing, under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of energy infrastructure investments. The Fund considers energy infrastructure investments to be investments that offer economic exposure to securities of energy infrastructure companies, including direct investments in equity and debt securities of such companies, as well as derivatives (such as options and swaps) and other instruments referencing such securities. Energy infrastructure companies are companies that, directly or through their subsidiaries, own, develop, construct, operate, manage or lease energy infrastructure assets, or provide equipment, technology or services integral to such assets. Energy infrastructure activities include (i) midstream and fuel infrastructure for the gathering, compression, transportation (including land and marine transportation), processing, fractionation, liquefaction, regasification, storage, refining, distribution and marketing of natural gas, natural gas liquids, crude oil, refined petroleum products, renewable fuels and hydrogen, and related terminals and export facilities; the sourcing, delivery, treatment, transportation and disposal of water and other fluids associated with oil and gas production; and the capture, transportation, storage and sequestration of carbon; (ii) power and utility infrastructure for the generation, transmission, distribution, storage and sale of electricity or thermal energy from any source, including natural gas, nuclear, solar, wind, hydroelectric, geothermal and biomass, whether by regulated electric and gas utilities, independent power producers or owners of renewable and energy storage assets; (iii) distributed, behind-the-meter, mobile and modular power generation and storage, including power-as-a-service arrangements for data centers and other commercial and industrial customers; and (iv) the engineering, construction, installation, operation, maintenance and leasing of the foregoing infrastructure; the manufacture and servicing of equipment dedicated to or predominantly used in such infrastructure, such as turbines, generators, fuel cells, batteries and compression and electrical distribution equipment; and dedicated energy logistics infrastructure and services for the handling, storage and transportation of fuels, proppants and other materials used in energy production and delivery.

The Fund considers a company to be an energy infrastructure company if, on a consolidated basis, at least 50% of its assets, income, sales or profits are committed to or derived from one or more of the energy infrastructure activities described above.

As of October 15, 2026, 90% of the Fund's net assets, plus borrowings for investment purposes, consist of energy infrastructure investments, and therefore the Fund does not anticipate that any changes in the Fund's investment approach or rebalancing of the Fund's portfolio will be required in connection with the name and policy change.

The Fund will continue to invest no more than 25% of its total assets in securities of energy master limited partnerships that qualify as publicly traded partnerships under the Internal Revenue Code.

The Fund will continue to be non-diversified and may continue to invest in companies of any market capitalization size.

The Fund's investments will continue to be concentrated in issuers in the industry or group of industries that make up the natural resources sector, and specifically in midstream energy companies within the natural resources sector.

No other changes to the Fund's investment policies are being made in connection with these changes, nor are any such further changes currently anticipated.

In connection with the name change and investment policy changes, there will be no change to the Fund's investment adviser or the portfolio management personnel primarily responsible for the day to day management of the Fund's portfolio.

No action is required by shareholders of the Fund in connection with these changes.

ABOUT NXG INVESTMENT MANAGEMENT

Cushing® Asset Management, LP ("Cushing") is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts. Cushing is doing business as NXG Investment Management. The Firm provides Next Generation investment strategies to investors seeking long-term growth in companies focused on traditional and transformational infrastructure.

Contact:

Blake Nelson

NXG Investment Management

214-692-6334

www.nxgim.com

IMPORTANT INFORMATION

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve operating expenses and fees. The net asset value of the Fund will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value. Past performance is not indicative of future performance. An investment in the Fund is subject to investment risk, including the possible loss of the entire amount that you invest. See www.nxgim.com for a detailed discussion of Fund-specific risks.

SOURCE NXG Investment Management

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Grade school contest raises awareness of the role high-quality water systems play in students' daily lives

BELLEVILLE, Ill., Oct 16, 2026 /PRNewswire/ -- Illinois American Water encourages students to showcase their creativity by submitting artwork to the company's "Water Keeps Life Flowing" art contest. Entries from 3rd, 4th, and 5th grade students will capture what high-quality water service means to them, and artwork will be accepted through Friday, Nov. 13, 2026.

"Our annual art contest encourages students to bring art and science together to depict the importance of water in a creative way," says Brian Eisenloeffel, President, Illinois American Water. "We are excited to see what safe, clean, and reliable water means to our young customers."

Art contest entries open Oct. 16, 2026, just one day after the annual observance of the U.S. Water Alliance's Imagine a Day Without Water on Oct. 15, which encourages people to consider the devastating impact of a single day without access to safe, clean water.

Eisenloeffel added, "Water keeps our lives flowing by helping families, schools, communities, and the environment thrive. Water is essential for drinking, cooking, growing gardens, protecting public health, supporting local businesses, and helping firefighters keep our communities safe. Illinois American Water plays a critical role in customers' daily lives by providing water service that supports these essential activities and community operations."

Up to 10 winners will earn a prize pack, valued at roughly $100, to share with their classroom. Available prize packs include:

- Creative Kids – art supplies like colored pencils, markers, crayons;

- STEM Education – science trivia board game, magnetic tiles, Guess in 10 Animal Planet; and

- Classroom Party – Uno Junior, 30 Fidget Toy Keychains, Would You Rather? School & Classroom Edition.

The winning artwork may be featured in future Illinois American Water customer communications. Past winning artwork can be found on the company's Facebook page: @ilamwater.

Additional contest rules and guidelines can be found on Illinois American Water's website under the News & Community tab.

About American Water

American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 19 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About Illinois American Water

Illinois American Water, a subsidiary of American Water, is the largest regulated water utility in the state with approximately 600 dedicated employees working to provide safe, clean, reliable and affordable water and wastewater services to approximately 1.3 million people. American Water also operates a quality control and research laboratory in Belleville.   

SOURCE American Water

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Experienced global chemicals and mining executive to lead Fodere as it deploys proprietary technology toward commercial-scale operations in the United States

NEW YORK, Oct. 16, 2026 /PRNewswire/ -- Fodere Critical Minerals Limited ("Fodere"), developer of a proprietary technology for recovering critical minerals from industrial residues and other unconventional feedstocks, today announced that its Board of Directors has elected Jeffry N. Quinn as Chief Executive Officer. Quinn will continue to serve as Chairman of the Board.

Quinn assumes the role of CEO as Fodere moves from technology development and pilot-scale validation to commercial deployment, starting with a prototype plant planned for Mississippi.

Fodere was founded by Nicholas Cella, John Omitogun and Daniel Cousins, who took early university research and technical expertise, and developed it into the current proprietary process -- carrying it through laboratory, bench-scale and pilot plant campaigns on materials from four continents and completing a process design for a prototype plant. The founders continue to play important leadership roles in the company as it moves forward.

Quinn brings 40 years of experience in the global chemicals and mining industries. He previously served as Chairman and Chief Executive Officer of Tronox (NYSE: TROX) and of Solutia Inc. (formerlyNYSE: SOA), and earlier served as general counsel of three Fortune 500 companies.

He is also founder and Chairman of The Quinn Group LLC, a private investment and holding company focused on chemicals, mining, critical minerals and industrial businesses.

"I have spent my career building and transforming global chemicals and mining companies, and the industry-advancement potential of Fodere's proprietary technology is a standout," said Quinn. "The ability to recover titanium, vanadium and other critical minerals from materials historically treated as waste presents a compelling opportunity, while addressing the growing need for secure sources of critical minerals."

"Our focus now is on demonstrating the technology at production-representative scale and building the foundation for global deployment. The founders have taken this technology through the laboratory and the pilot plant phase, and I am honored to lead Fodere as we build a company around it."

"We are establishing a global platform based on our technology to recover critical minerals from waste streams that have historically gone untapped," said Nicholas Cella, co-founder of Fodere. "My co-founders and I are pleased to have Jeff lead Fodere into this next phase. His experience building and leading global companies is exactly what is required to make that platform a secure source of critical minerals supply."

About Fodere Critical Minerals Limited

Fodere Critical Minerals Limited, formerly Fodere Titanium Limited, is a United Kingdom company that developed and owns a proprietary technology platform for recovering titanium, vanadium and other critical minerals from industrial residues and other unconventional feedstocks.

Forward-Looking Statements

This press release contains forward-looking statements, including statements about the development and deployment of Fodere's technology and the planned prototype plant. These statements are based on current expectations and are subject to risks and uncertainties, including the availability of financing, permitting, construction and commissioning, feedstock availability and technical performance at larger scale. Actual results may differ materially. Fodere undertakes no obligation to update any forward-looking statement. This press release is not an offer to sell or a solicitation of an offer to buy any securities.

Media Contact

Melissa H. Zona

Chief Operating Officer

Fodere America LLC

[email protected]

+1 636 751 4057

SOURCE Fodere America

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ASSA ABLOY sells PKI business unit to Vista Equity Partners

STOCKHOLM, Oct. 16, 2026 /PRNewswire/ -- ASSA ABLOY has signed an agreement to sell HID's PKI business unit to Vista Equity Partners ("Vista").

The PKI business unit (Public Key Infrastructure) provides digital trust, identity, authentication, encryption, and certificate management solutions. The business unit includes PKI SaaS - IdenTrust and HydrantID - credential management, and ZeroSSL.

"I find it very satisfying that with Vista, the PKI business unit and its employees and customers gain a committed long-term investor, creating new opportunities for the future and I wish them every success," says Nico Delvaux, President and CEO of ASSA ABLOY.

"Our PKI team has built a strong business with a strong customer base, and Vista has the expertise to take it forward as the market evolves," says Björn Lidefelt, EVP and Head of HID. "We are pleased with this outcome for our customers, our employees, and for HID."

The divested business had sales in 2025 of MUSD 58 (approx. MSEK 570) with a strong operating margin.

The divestiture is subject to customary closing conditions and is expected to close during the fourth quarter of 2026.

For more information, please contact: 

Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82

Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72

Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: [email protected]

About ASSA ABLOY

ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 64,000 employees and sales of SEK 152 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places.

This information was brought to you by Cision http://news.cision.com

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SAN DIEGO, Oct. 16, 2026 /PRNewswire/ -- Shareholder rights law firm Robbins LLP reminds investors that a class action was filed on behalf of all persons who purchased or otherwise acquired D-Wave (NYSE: QBTS) securities between February 26, 2026 and August 25, 2026, inclusive (the "Class Period"). D-Wave is a company engaged in quantum computing.

The complaint alleges that D-Wave overstated its business and financial prospects.

Investors who purchased D-Wave Quantum Inc. securities during the Class Period and suffered significant losses should contact Robbins LLP before December 15, 2026 for information about the lawsuit.

Why Was D-Wave Sued?

According to the complaint, during the Class Period, defendants failed to disclose that:

(i) defendants materially overstated D-Wave's business and financial prospects;

(ii) the foregoing was reasonably likely to negatively impact the Company's business and reputation; and

(iii) as a result, defendants' public statements were materially false and misleading at all relevant times.

Why Did D-Wave Stock Drop?

According to the complaint, the truth started to emerge on August 6, 2026, when D-Wave announced its financial results for the second quarter of 2026. Among other things, D-Wave reported revenue of just $3.08 million, compared to $3.1 million for the same period in the prior year, falling short of analyst expectations ranging from $4.03 million to $4.08 million. On this news, D-Wave's stock price declined $1.99 per share, or 9.28%, to close at $19.41 per share on August 6, 2026.

Then, on August 25, 2026, D-Wave issued a press release "announc[ing] that John Markovich is retiring and thus resigning from his position as Chief Financial Officer effective September 2, 2026." On this news, D-Wave's stock price fell $1.84 per share, or 9.51%, closing at $17.51 per share on August 26, 2026.

What Can D-Wave Shareholders Do Now?

Investors who purchased D-Wave Quantum Inc. securities during the Class Period may be eligible to serve as lead plaintiff. The lead plaintiff is a court-appointed investor who represents the interests of all class members throughout the litigation. Stockholders who wish to seek appointment as lead plaintiff should contact Robbins LLP before the December 15, 2026 deadline for information about the appointment process.

Shareholders do not need to serve as lead plaintiff to share in any potential recovery. Investors who do not seek appointment may remain absent class members.

Does It Cost Anything to Participate?

No. Robbins LLP represents investors on a contingency fee basis, with no upfront or out-of-pocket fees or expenses.

Contact Robbins LLP

Investors seeking additional information about the D-Wave Quantum Inc. securities class action may contact Robbins LLP by submitting an inquiry, emailing attorney Aaron Dumas, Jr., or calling (800) 350-6003.

Why Robbins LLP?

A recognized leader in shareholder rights litigation, Robbins LLP represents investors in securities fraud and shareholder derivative litigation. We have helped restore more than $2 billion in value to shareholders and secured some of the largest recoveries in shareholder derivative litigation history.

"Companies have an obligation to provide investors with complete and accurate information so that markets can function fairly and efficiently," said Brian J. Robbins, Founding Partner of Robbins LLP.

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askROI Offers an All-in-One Platform Featuring More Than 240 Productivity Tools, Generative AI, Business Automation and Advanced AI Research

LAS VEGAS, Oct. 16, 2026 /PRNewswire/ -- Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence ("AI") data center company ("Hyperscale Data" or the "Company"), today announced that its subsidiary, askROI, Inc. ("askROI"), an AI technology company, is preparing to become a separate, publicly traded company, whether through a reverse takeover ("RTO"), an initial public offering of askROI's securities ("IPO"), or through the use of a special purpose acquisition company (a "SPAC" and collectively with the RTO and the IPO, a "Transaction"). The Company and askROI are targeting a consummated Transaction by the second or third quarter of 2027, depending upon the type of transaction that the Company ultimately determines to pursue, and if the Transaction constitutes an RTO, the completion of the subsequent filing of a resale registration statement registering the shares of the current public company, which has not been identified, that the Company would receive in the RTO in consideration for the Company's sale of askROI to it in the first half of 2027, subject to the completion of necessary financial and regulatory requirements, as well as prevailing market conditions.

askROI is an AI technology company offering an all-in-one AI productivity, research, automation and content creation platform. Available through web and mobile applications, askROI provides access to leading AI models, more than 240 productivity tools, custom AI applications, enterprise knowledge management capabilities and generative AI technologies. The platform serves individuals, entrepreneurs, professionals and businesses seeking to leverage artificial intelligence to improve productivity, automate workflows and accelerate innovation. For more information, visit www.askROI.com.

The intended public listing represents another step in Hyperscale Data's broader strategy to unlock stockholder value by positioning its operating businesses to pursue independent growth opportunities and establish separate market valuations.

In connection with the preparation of the Transaction, Milton "Todd" Ault III will step down as Chief Executive Officer of askROI and askROI is expected to appoint Joseph Spaziano as Chief Executive Officer and Ryan Doucette as President. Mr. Spaziano, who currently serves as Chief Technology Officer of Hyperscale Data, as well as President and Chief Operating Officer of askROI, would step down from his role at Hyperscale Data to focus solely on askROI. Mr. Doucette currently serves as Head of Product at askROI. The Company currently anticipates, but cannot state with any certainty, that Messrs. Spaziano and Doucette would continue in these positions subsequent to any Transaction.

The planned leadership transition is intended to provide askROI with a dedicated management team focused on scaling its AI platform and positioning the company for independent operations.

Milton "Todd" Ault III, Founder and Executive Chairman of Hyperscale Data, commented: "We believe there is incredible value in askROI, which is currently not being recognized by the public markets while it is a subsidiary of Hyperscale Data. We also believe comparable AI technology companies often trade at substantially higher valuations, and we further believe that the stockholders of the Company would benefit from having askROI be a separate entity and have the ability to establish its own independent market value since we expect that such a separation could enhance the market capitalization of the Company by virtue of its ownership of a post-Transaction public entity. Finally, we expect this planned public listing can benefit Hyperscale Data stockholders, as well as future askROI shareholders, by providing greater transparency into the value of the business while creating a platform for future growth, access to capital and long-term shareholder value creation."

The Company expects to provide additional information regarding the transaction structure, corporate organization and listing timetable for the planned public listing of askROI at a later date. There can be no assurance that the proposed public listing will occur within the anticipated timeframe or at all.

The planned public listing of askROI is consistent with Hyperscale Data's broader strategy of evaluating opportunities to establish independent market valuations for its portfolio businesses. Management believes that separating certain operating businesses into independently valued enterprises could provide investors with greater transparency into the underlying assets and operations of Hyperscale Data. The Company intends to continue evaluating strategic alternatives for its subsidiaries and investments as it seeks to maximize long-term stockholder value.

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data's public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through Sentinum, Inc., Hyperscale Data owns and operates a data center at which it offers colocation and hosting services for the emerging AI ecosystems and other industries. Another of Hyperscale Data's wholly owned subsidiaries, Ault Capital Group, Inc. ("ACG"), is a hybrid private equity firm and operating company that acquires, finances, builds and actively manages businesses across financial services, digital assets, industrial services, hospitality, defense technologies and other sectors.

Hyperscale Data currently expects the divestiture of ACG (the "Divestiture") to occur in 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets and the third wholly owned subsidiary of the Company, Omnipresent Robotics, LLC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through Ault Lending, LLC, a licensed lending subsidiary. Hyperscale Data's headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the "Series F Preferred Stock") to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the "ACG Shares"). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as "believes," "plans," "anticipates," "projects," "estimates," "expects," "intends," "strategy," "future," "opportunity," "may," "will," "should," "could," "potential," or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company's business and financial results are included in the Company's filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company's Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company's website at hyperscaledata.com.

SOURCE Hyperscale Data Inc.

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