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CORRECTING and REPLACING CI Global Asset Management Announces Estimated Annual Reinvested Capital Gains Distributions for CI ETFs



NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

TORONTO--(BUSINESS WIRE)-- $CIX #CIGAM --Please replace the release dated December 8, 2022 with the following corrected version due to additional amendments to the estimated annual reinvested capital gains for CI Gold Bullion Fund.

The updated release reads: CI GLOBAL ASSET MANAGEMENT ANNOUNCES ESTIMATED ANNUAL REINVESTED CAPITAL GAINS DISTRIBUTIONS FOR CI ETFS NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

CI Global Asset Management (“CI GAM”) announces the estimated annual reinvested capital gains distributions (the “Reinvested Distributions”) for the 2022 tax year for the CI ETFs listed below.

Please note that these are estimated amounts as of October 31, 2022 and include certain forward-looking information which may cause the Reinvested Distributions to change before the CI ETFs’ tax year-end on December 15, 2022 and December 31, 2022. These estimated amounts are for the Reinvested Distributions only and do not include the ongoing, regular monthly or quarterly cash distribution amounts, which are expected to be announced in a separate press release in December 2022.

Each of the CI ETFs is required to distribute net income and capital gains earned during the year. The Reinvested Distributions will generally consist of capital gains and/or any excess net income at year end. The Reinvested Distributions will not be paid in cash but will be reinvested and the resulting units immediately consolidated so that the number of units held by each investor will not change. Investors holding units outside registered plans will have taxable amounts to report and will have an increase in the adjusted cost base of their investment. In all cases, these distributions will be reinvested on or about December 30, 2022 to unitholders of record on December 29, 2022.

CI GAM expects to announce the final, confirmed Reinvested Distribution amounts (subject to any further revisions to per unit amounts resulting from subscription and redemption activity prior to the record date) on or about December 30, 2022. The actual taxable amounts of all distributions for 2022, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or “CDS”) and will be posted on www.ci.com in early 2023.

CI GAM provides estimated distributions for information purposes only. These estimates are not intended to be, nor should they construed to be, legal or tax advice to any particular person. Fund Name Trading Symbol Estimated Capital Gain Distributions per Fund Unit as at October 31, 2022 CI Galaxy Bitcoin ETF BTCX.B $0.0000 BTCX.U $0.0000 (US$) CI 1-5 Year Laddered Government Strip Bond Index ETF BXF $0.0069 CI Yield Enhanced Canada Aggregate Bond Index ETF CAGG $0.2110 CI Yield Enhanced Canada Short-Term Aggregate Bond Index ETF CAGS $0.2056 CI Galaxy Blockchain ETF CBCX $0.0000 CI Digital Security ETF CBUG $0.0052 CI Canadian Equity Index ETF CCDN $0.1386 CI Auspice Broad Commodity ETF CCOM $0.0000 CI DoubleLine Core Plus Fixed Income US$ Fund (ETF Series) CCOR $0.0194 CCOR.B $0.0190 CCOR.U $0.0266 (US$) CI DoubleLine Total Return Bond US$ Fund (ETF Series) CDLB $0.0382 CDLB.B $0.0408 CDLB.U $0.0520 (US$) CI Bio-Revolution ETF CDNA $0.0241 CI MSCI World ESG Impact ETF CESG $0.0529 CESG.B $0.0000 CI Floating Rate Income Fund (ETF Series) CFRT $0.0589 CI Global Asset Allocation Private Pool (ETF Series) CGAA $0.0212 CI Global Bond Currency Neutral Fund (ETF Series) CGBN $0.0000 CI Global High Yield Credit Private Pool (ETF Series) CGHY $0.0516 CGHY.U $0.0703 (US$) CI Global Investment Grade ETF CGIN $0.0000 CGIN.U $0.0000 (US$) CI Global Real Asset Private Pool (ETF Series) CGRA $0.0860 CI Global Green Bond Fund (ETF Series) CGRB $0.0196 CGRB.U $0.4887 (US$) CI Global REIT Private Pool (ETF Series) CGRE $0.0770 CI Global Sustainable Infrastructure Fund (ETF Series) CGRN $0.0500 CGRN.U $0.1772 (US$) CI Gold+ Giants Covered Call ETF CGXF $0.0000 CGXF.U $0.0000 (US$) CI Global Healthcare Leaders Index ETF CHCL.B $0.0164 CI ICBCCS S&P China 500 Index ETF CHNA.B $0.0963 CI Emerging Markets Alpha ETF CIEM $0.0000 CIEM.U $0.0000 (US$) CI DoubleLine Income US$ Fund (ETF Series) CINC $0.0786 CINC.B $0.0759 CINC.U $0.1065 (US$) CI Global Infrastructure Private Pool (ETF Series) CINF $0.0690 CI Global Alpha Innovation ETF CINV $0.0000 CINV.U $0.0000 (US$) CI Global Climate Leaders Fund (ETF Series) CLML $0.0000 CLML.U $0.0000 (US$) CI Munro Alternative Global Growth Fund (ETF Series) CMAG $0.0000 CMAG.U $0.0000 (US$) CI Marret Alternative Absolute Return Bond Fund (ETF Series) CMAR $0.0080 CMAR.U $0.0300 (US$) CI Galaxy Multi-Crypto ETF CMCX.B $0.0000 CMCX.U $0.0000 (US$) CI Alternative Diversified Opportunities Fund (ETF Series) CMDO $0.0000 CMDO.U $0.0000 (US$) CI Marret Alternative Enhanced Yield Fund (ETF Series) CMEY $0.0200 CMEY.U $0.0385 (US$) CI Munro Global Growth Equity Fund (ETF Series) CMGG $0.0000 CMGG.U $0.0000 (US$) CI Galaxy Metaverse ETF CMVX $0.0006 CI Alternative North American Opportunities Fund (ETF Series) CNAO $0.0000 CNAO.U $0.0000 (US$) CI Alternative Investment Grade Credit Fund (ETF Series) CRED $0.9867 CRED.U $1.3173 (US$) CI High Interest Savings ETF CSAV $0.0000 CI U.S. Treasury Inflation-linked Bond Index ETF (CAD Hedged) CTIP $0.0009 CI U.S. 500 Index ETF CUSA.B $0.0000 CI U.S. 1000 Index ETF CUSM.B $0.0000 CI Canadian Convertible Bond ETF CXF $0.0000 CI WisdomTree U.S. Quality Dividend Growth Index ETF DGR $0.0789 DGR.B $0.0326 CI WisdomTree Canada Quality Dividend Growth Index ETF DGRC $0.3564 CI WisdomTree U.S. Quality Dividend Growth Variably Hedged Index ETF DQD $0.6375 CI WisdomTree International Quality Dividend Growth Variably Hedged Index ETF DQI $0.0000 CI WisdomTree Europe Hedged Equity Index ETF EHE $0.0000 EHE.B $0.0000 CI WisdomTree Emerging Markets Dividend Index ETF EMV.B $0.0267 CI Galaxy Ethereum ETF ETHX.B $0.0000 ETHX.U $0.0000 (US$) CI Enhanced Government Bond ETF FGO $0.0100 FGO.U $0.0557 (US$) CI Health Care Giants Covered Call ETF FHI $0.0000 FHI.B $0.0000 FHI.U $0.0000 (US$) CI Investment Grade Bond ETF FIG $0.0000 FIG.U $0.0000 (US$) CI U.S. & Canada Lifeco Covered Call ETF FLI $0.0000 CI Preferred Share ETF FPR $0.2815 CI Enhanced Short Duration Bond Fund (ETF Series) FSB $0.0604 FSB.U $0.1379 (US$) CI Global Financial Sector ETF FSF $0.0000 CI Morningstar Canada Value Index ETF FXM $0.5740 CI WisdomTree International Quality Dividend Growth Index ETF IQD $0.0000 IQD.B $0.0000 CI WisdomTree Japan Equity Index ETF JAPN $0.0000 JAPN.B $0.0000 CI Global Longevity Economy Fund (ETF Series) LONG $0.0000 CI Energy Giants Covered Call ETF NXF $0.0000 NXF.B $0.0000 NXF.U $0.0000 (US$) CI ONE North American Core Plus Bond ETF ONEB $0.0000 CI ONE Global Equity ETF ONEQ $0.0951 CI Morningstar National Bank Québec Index ETF QXM $1.4370 CI Canadian REIT ETF RIT $0.0000 CI MSCI Europe Low Risk Weighted ETF RWE $0.0000 RWE.B $0.0000 CI MSCI World Low Risk Weighted ETF RWW $1.9140 RWW.B $0.6169 CI MSCI International Low Risk Weighted ETF RWX $0.0000 RWX.B $0.0000 CI U.S. TrendLeaders Index ETF SID $0.0284 CI Tech Giants Covered Call ETF TXF $0.0000 TXF.B $0.0000 TXF.U $0.0000 (US$) CI WisdomTree U.S. MidCap Dividend Index ETF UMI $0.0000 UMI.B $0.0000 CI Gold Bullion Fund VALT $0.0000 VALT.B $0.5391 VALT.U $0.5384 (US$) CI Morningstar International Value Index ETF VXM $0.0000 VXM.B $0.0000 CI Morningstar Canada Momentum Index ETF WXM $0.9514 CI Morningstar US Value Index ETF XXM $0.0000 XXM.B $0.0000 CI Morningstar US Momentum Index ETF YXM $0.0454 YXM.B $0.0652 CI Morningstar International Momentum Index ETF ZXM $0.1231 ZXM.B $0.1123 CORPORATE CLASS ETFs       Note 1 CI Canadian Banks Covered Call Income Class ETF CIC $0.0000 CI Short Term Government Bond Index Class ETF FGB $0.0000 CI MSCI Canada Quality Index Class ETF FQC $0.0000

Note 1 – The Corporate Class ETFs have a tax year end of December 31, but none of the Corporate Class ETFs currently anticipate a reinvested distribution for 2022.

Forward-looking Information

This press release contains forward-looking statements with respect to the estimated Reinvested Distributions for the CI ETFs. By their nature, these forward-looking statements involve certain risks and uncertainties that could cause the actual distributions to differ materially from those contemplated by the forward-looking statements. Material factors that could cause the actual Reinvested Distributions to differ from the estimated Reinvested Distributions between now and the CI ETFs’ tax year-ends include, without limitation: the actual amounts of distributions received by the CI ETFs; the actual amount of capital gains generated from sales of securities; and subscription and redemption activity in the CI ETFs.

About CI Global Asset Management

CI Global Asset Management is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the web at www.ci.com . CI Global Asset Management is a subsidiary of CI Financial Corp. (TSX: CIX, NYSE: CIXX), an integrated global asset and wealth management company with approximately $364.3 billion in assets as of October 31, 2022.

This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase mutual funds managed by CI Global Asset Management and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.

Commissions, management fees and expenses all may be associated with an investment in ETFs. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. Please read the prospectus before investing. Important information about an exchange-traded fund (ETF) is contained in its prospectus. ETFs are not guaranteed; their values change frequently and past performance may not be repeated.

This document contains forward-looking statements concerning anticipated future events, results, circumstances, performance or expectations with respect to CI Financial Corp. (“CI”) and its products and services, including its business operations, strategy and financial performance and condition. Forward-looking statements are typically identified by words such as “believe”, “expect”, “foresee”, “forecast”, “anticipate”, “intend”, “estimate”, “goal”, “plan” and “project” and similar references to future periods, or conditional verbs such as “will”, “may”, “should”, “could” or “would”. These statements are not historical facts but instead represent management beliefs regarding future events, many of which by their nature are inherently uncertain and beyond management’s control. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements involve risks and uncertainties. The material factors and assumptions applied in reaching the conclusions contained in these forward-looking statements include that all announced transactions will be completed and that assets levels do not decline prior to completion, the investment fund industry will remain stable and that interest rates will remain relatively stable. Factors that could cause actual results to differ materially from expectations include, among other things, general economic and market conditions, including interest and foreign exchange rates, global financial markets, changes in government regulations or in tax laws, industry competition, technological developments and other factors described or discussed in CI’s disclosure materials filed with applicable securities regulatory authorities from time to time. The foregoing list is not exhaustive and the reader is cautioned to consider these and other factors carefully and not to place undue reliance on forward-looking statements. Other than as specifically required by applicable law, CI undertakes no obligation to update or alter any forward-looking statement after the date on which it is made, whether to reflect new information, future events or otherwise.

CI Global Asset Management is a registered business name of CI Investments Inc.

©CI Investments Inc. 2022. All rights reserved. Contacts

Murray Oxby Vice-President, Corporate Communications CI Global Asset Management 416-681-3254 moxby@ci.com

Bosonic Launches Cross Custodian Net Settlement





LONDON & SAN FRANCISCO & NEW YORK--(BUSINESS WIRE)-- #bitcoin --Bosonic, a decentralized Financial Market Infrastructure (dFMI) business, announces an industry first in going live with Cross Custodian Net Settlement (CCNS) in which trades in USDC and ETH were executed, cleared, and settled atomically between two digital asset custodians, First Digital in Hong Kong and Propine in Singapore.

Cross Custodian Net Settlement (CCNS) enables custodians to net settle on behalf of all their institutional clients who are either trading on the Bosonic Network ™ , or trading on other digital asset venues that are using Bosonic Enterprise ™ for clearing and settlement and connecting to Cross Custodian Net Settlement via their preferred custodians.

Custodians load digital assets that need to be physically delivered between custodians in a CCNS Smart Contract on Layer-1 public blockchain protocols. Both the institutional clients and the custodians eliminate counterparty credit and settlement risk, reduce their intraday exposures, and improve balance sheet efficiency, addressing the key issues that are inherent in today's operating model in the industry.

Rosario Ingargiola, CEO, Bosonic commented: “This is a pivotal moment in the industry where CCNS will effectively eliminate counterparty credit and settlement risk in digital asset markets with atomic exchange, both trader-trader in real-time, and now custodian-to-custodian for net settlement movements. We’ve been building CCNS for some time and have been looking forward to going live with custodians who are pleased to partner with us on this milestone event. Our vision has always been to remove friction and risk in digital assets, and this is even more important than ever before.”

Rosario added : “We are very pleased to be working with First Digital and Propine both pioneers and innovators with great leaders building the future of digital assets. I’m also very pleased to confirm we have a growing network of custodians in the Working Group that are about to go-live and will collectively define the new standards in digital asset infrastructure. Bosonic technology and the role of the custodian makes digital assets safer for institutional clients and fiduciaries.”

Tuhina Singh, CEO Propine said: “Whatever activity you do with digital assets, it starts from a place where they are securely stored and can be safely transferred. A licensed, institutional-grade custodian is thus a prerequisite for crafting a digital assets strategy. Partnering with a licensed service provider is critical, as it provides the necessary investor protection and recourse, as both regulatory and contractual obligations, in case things go wrong, as they sometimes do. The CCNS network, connecting the custodians globally, provides a necessary layer of infrastructure, absolutely crucial to realizing the full potential of, what is essentially and natively, a global asset class. We are glad to be part of this network at its genesis and are committed to growing the industry.”

Didier Lavallee, CEO, Tetra Trust Company , Canada’s first licensed digital asset custodian added: "The recent macro events have highlighted the necessity and importance of institutional investors using a separate and regulated custodian. Tetra Trust is excited to partner with Bosonic on their Cross Custodian Network to create a safe, secure and efficient way for institutional investors to transact.”

Luke Brereton, State Street Digital said: “Our clients are looking for institutional-grade digital asset custody and related services. State Street continues to be focused on delivering to our client’s innovative services and the benefits of our scale and experience. We are building a leading digital business and exploring industry initiatives is an important part of our strategy to establish robust market infrastructure.”

Vincent Chok, CEO First Digital , a public trust company headquartered in Hong Kong: "Digital asset custodians will have a crucial role to play in the next 6-12 months, especially given the state of the market now with trust being eroded in CEX's. Going forward, we will see players increasingly rely on qualified custodians, the best of which will dominate market share. Institutional investors, now more than ever, will pay closer attention to security and fund segregation. A key driver for digital asset custodians looking to build a sustainable business model is enabling next-generation security, which means incorporating multi-sig, sharding and multi-party computation. When it comes to traditional institutions with large amounts of money and their reputation at risk, having military-grade online and offline security protocols, stringent Anti-Money Laundering and KYC requirements plus client asset segregation is critical.”

Vincent added: “However, innovative technology is not the only component integral to protecting your assets. First Digital has joined a Cross-Custodian Net Settlement (CCNS) Working Group, spearheaded by Bosonic. This is an industry first to include a range of institutional custodians from around the world undertaking net settlements and payments for digital assets and fiat via a layer-2 blockchain, aiming to further enhance safety and efficiency across the market. In addition to this, the business has also expanded beyond just simple custody, we provide a microcosm of a circular economy, which includes balance sheet management, full transparency, counter-party visibility, and escrow services removing friction points for our customers. Most importantly we have a wealth of experience in compliance, regulation, and providing legal frameworks for this new asset class."

Giorgia Pellizzari, Head of Custody, Hex Trust , a fully licensed and insured custodian with offices in Singapore, Hong Kong, Dubai, Italy and Vietnam: "The importance of digital asset custodians has never been greater, as the industry needs trust, security, and transparency to facilitate the next phase of growth. It's vital for initiatives such as the CCNS network to connect global custodians and deliver highly-secure and compliance-focused services for institutional clients. Hex Trust is looking forward to helping the network grow and providing vital services to enable further institutional participation via fully regulated clearing and settlement services for digital assets."

Jason Nabi, CRO Bosonic:  "The whole team at Bosonic is thrilled to be collaborating with such industry leaders in digital assets. This is not only an industry first, but it is rather unique regarding the best of crypto native and TradFi coming together to better serve institutional clients and enhance asset safety. The network of custodians is already in double digits and global, with the best custodians from Hong Kong to Canada working with Bosonic. Having a regulated Custodian with a focus on institutional clients supporting their fiduciary responsibility, is, as we have learned over the years in TradFi, very important. The same standards are clearly needed in institutional DeFi and crypto, especially considering the FTX crisis.”

About Bosonic Founded in 2016, Bosonic is a leading decentralized financial market infrastructure (dFMI) company with offices in San Francisco, New York and London providing best-in-class infrastructure that eliminates counterparty credit and settlement risk in digital asset markets. The Bosonic Network ™ provides institutional clients with a patented solution that is custodian-agnostic, enables tokenization of assets and collateral, provides liquidity aggregation and DMA to the best Exchanges and Market-Makers, and at the core, runs real-time payment vs payment (PvP) atomic exchange and settlement, with cross-margining, multilateral netting, cross-custodian net settlement and payments. The Bosonic Network™ is delivering infrastructure that is reshaping the future of Digital Asset markets by eliminating risk and maximizing capital efficiency for hedge funds, family offices, banks, brokers, asset managers and other market participants.

About Propine Established in 2018, Propine is the first independent digital asset custodian licensed by the Monetary Authority of Singapore (MAS). Propine’s bespoke institutional solutions are at the forefront of innovation, and well-placed in the paradigm shift that is surging through global financial systems architectures.

About First Digital First Digital brings traditional fiduciary services into the digital-first world through technology and developing financial services infrastructure that lets us and our clients create world-class financial products and services. Contacts

Media: The Realization Group on behalf of Bosonic melanie.budden@therealizationgroup.com Tel +44 7974937970

Paysafe Announces Reverse Stock Split





LONDON--(BUSINESS WIRE)--Paysafe Limited (“Paysafe” or the “Company”) (NYSE: PSFE) (PSFE.WS), a leading global payments platform, announced today that its Board of Directors has approved a consolidation and redesignation of the issued and unissued common shares of par value $0.001, and the unissued undesignated shares, of par value $0.001, at a ratio of 1-for-12 (the “reverse stock split”), such that after giving effect to the reverse stock split, the authorized share capital of the Company shall be comprised of $22,000,000 divided into 1,600,000,000 common shares of par value $0.012 each (the “Common Shares”) and 233,333,333.3 undesignated shares of par value $0.012 each. The reverse stock split will be effective at 4:01 p.m. (ET) on December 12, 2022, and the Common Shares will begin trading on a split-adjusted basis when the New York Stock Exchange (the “NYSE”) opens for trading on Tuesday, December 13, 2022. The Common Shares will continue to trade on the NYSE under the trading symbol “PSFE”, but will trade under the following new CUSIP number starting December 13, 2022: G6964L 206. The reverse stock split was approved by Paysafe’s shareholders at the special general meeting of shareholders held on December 8, 2022 with over 95% approval for all proposals.

As a result of the reverse stock split, every 12 common shares issued and outstanding as of the effective date will be automatically combined into one Common Share. Outstanding warrants, equity-based awards and other outstanding equity rights will be proportionately adjusted. No fractional shares will be issued as a result of the reverse stock split. Where shareholders would otherwise be entitled to fractional shares as a result of the reverse stock split because they hold a number of shares not evenly divisible by 12, such shareholders will automatically be entitled to an additional fraction of a share to round up to the next whole Common Share of par value $0.012. The reverse split affects all shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s equity, except to the extent that the reverse split results in shareholders owning an additional share due to the fractional shares, as described above.

Further, as a result of the reverse stock split, the number of Common Shares issuable upon exercise of the Company’s (i) 5,000,000 private warrants (the “private warrants”) originally issued in a private placement in connection with the business combination with Foley Trasimene Acquisition Corp. II (“FTAC”), (ii) 48,900,725 warrants (the “public warrants” and, together with the private warrants, the “warrants”), and (iii) any outstanding limited liability company units of Paysafe Bermuda Holdings LLC (the “LLC Units”) originally issued in the business combination with FTAC, will be also be reduced at a ratio of 1-for-12, so that each warrant will entitle a holder to purchase one twelfth (1/12th) of a Common Share and each LLC Unit will be exchangeable for one twelfth (1/12th) of a Common Share. The exercise price of each warrant and LLC Unit will increase from $11.50 per share to $138.00 per share.

Additional information concerning the reverse stock split can be found in Paysafe’s definitive proxy statement filed with the Securities and Exchange Commission on November 21, 2022.

About Paysafe

Paysafe Limited (“Paysafe”) (NYSE: PSFE) (PSFE.WS) is a leading global payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualized transactional volume of over US $120 billion in 2021, and approximately 3,500 employees located in 12+ global locations, Paysafe connects businesses and consumers across 100 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com .

Forward-looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Paysafe Limited’s (“Paysafe,” “PSFE” or the “Company”) actual results may differ from their expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “anticipate,” “appear,” “approximate,” “believe,” “budget,” “continue,” “could,” “estimate,” “expect,” “forecast,” “foresee,” “guidance,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “would” and variations of such words and similar expressions (or the negative version of such words or expressions) may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, without limitation, Paysafe’s expectations with respect to the completion of the reverse stock split.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially, and potentially adversely, from those expressed or implied in the forward-looking statements. While the Company believes its assumptions concerning future events are reasonable, a number of factors could cause actual results to differ materially from those projected, including, but not limited to: cyberattacks and security vulnerabilities; complying with and changes in money laundering regulations, financial services regulations, cryptocurrency regulations, consumer and business privacy and data use regulations or other regulations in Bermuda, the UK, Ireland, Switzerland, the United States, Canada and elsewhere; geopolitical events, including acts of war and terrorism, including the conflict in Ukraine; the economic and other impacts of such geopolitical events and the responses of governments around the world; the effects of global economic uncertainties, including inflationary pressure and rising interest rates, on consumer and business spending; risks associated foreign currency exchange rate fluctuations; changes in our relationships with banks, payment card networks, issuers and financial institutions; risk related to processing online payments for merchants and customers engaged in the online gambling and foreign exchange trading sectors; risks related to our focus on specialized and high-risk verticals; risks related to becoming an unwitting party to fraud or be deemed to be handling proceeds of crimes being committed by customers; the effects of chargebacks, merchant insolvency and consumer deposit settlement risk; changes to our continued financial institution sponsorships; failure to hold, safeguard or account accurately for merchant or customer funds; risks related to the availability, integrity and security of internal and external IT transaction processing systems and services; our ability to manage regulatory and litigation risks, and the outcome of legal and regulatory proceedings; failure of third parties to comply with contractual obligations; changes and compliance with payment card network operating rules; substantial and increasingly intense competition worldwide in the global payments industry; risks related to developing and maintaining effective internal controls over financial reporting; managing our growth effectively, including growing our revenue pipeline; any difficulties maintaining a strong and trusted brand; keeping pace with rapid technological developments; risks associated with the significant influence of our principal shareholders; the effect of the COVID-19 pandemic on our business; and other factors included in the “Risk Factors” in our Form 20-F and in other filings we make with the SEC, which are available at https://www.sec.gov . Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in their expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based, except as required by law. Contacts

Media Kate Aldridge Paysafe kate.aldridge@paysafe.com +44 750 079 7547

Investors Kirsten Nielsen Paysafe +1 (646) 901-3140 kirsten.nielsen@paysafe.com

France NFT Market Intelligence Report 2022: A $3.81 Billion Market by 2028 - French Football Star Enters the NFT World / French Startups are Launching NFT Sneakers in the Form of Mystery Boxes - ResearchAndMarkets.com





DUBLIN--(BUSINESS WIRE)--The "France NFT Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels - Q2 2022" report has been added to ResearchAndMarkets.com's offering.

The NFT industry in France is expected to grow by 36.9% on an annual basis to reach US$989.5 million in 2022.

The NFT industry is expected to grow steadily over the forecast period, recording a CAGR of 26.8% during 2022-2028. The NFT Spend Value in the country will increase from US$989.5 million in 2022 to reach US$3810.8 million by 2028.

The popularity of non-fungible tokens has skyrocketed over the last 12 months to become a global phenomenon. Amid this growing global popularity, France has emerged as the hub driving innovation and growth in the NFT market. As more and more consumers become aware of the NFTs, the publisher expects the number to grow over the next four to eight quarters, pushing the NFT transaction value and volume from the short to medium-term perspective further.

Notably, several innovative NFT startups in the country are driving the market's growth. Moreover, many brands across industry verticals are entering the NFT space to raise funding for social causes and drive brand awareness and growth, among other use cases. The popularity of NFT is expected to increase as more celebrities in the country continue to launch their NFT collection further.

Presence of several NFT trading platforms driving the market growth in France

Several different startups have emerged in the NFT space in France over the last 12 months. Notably, the presence of these players and their NFT trading platforms have made it easier for the general public to buy and sell their collections in the country. This increased transaction value and volume over the last 12 months in France.

French football star enters the NFT world

The NFT popularity has surged significantly globally over the last 12 months. One of the major reasons behind the growing popularity of NFTs is the rising number of celebrities that are entering the space. Notably, the trends are similar in France as well.

In November 2021, Paul Pogba, the French football superstar, announced his entry into the NFT market. Through a strategic collaboration with CryptoDragons, the blockchain-based dragon Metaverse project which allows users to collect, sell, breed, and battle NFT dragons, Paul announced that he is planning to buy NFTs.

Notably, Paul Pogba is not the only football player to enter the NFT space globally. Others, such as Lionel Messi, have pushed and even launched their NFT collection for football fans throughout the world.

Auction houses are conducting NFT auctions in France

With the growing popularity of NFTs in the digital art segment, many auction houses in the country are seeking to conduct an auction of virtual works in France.

In March 2022, FauveParis, one of the leading auction houses in the country, conducted the first-ever NFT auction in France. The auction house introduced 47 lots of NFTs for auction at the event. Notably, the exhibition featured various formats of virtual artworks, which were displayed on tablets and screens in the auction room. At the event, 60% of the lots were sold for a total transaction amount of €120,000.

French NFT startups are raising funding rounds to expand their footprint in the global markets

In 2021, the global NFT industry recorded strong growth, and the market is expected to keep growing over the next four to eight quarters. In the midst of this growing industry globally, French NFT startups are raising funding rounds to expand their footprint in the global markets to boost their market share further.

In September 2021, Sorare, one of the leading NFT startups in France, announced that the firm had raised US$680 million at a valuation of US$4.3 billion. Notably, this is the largest fundraising round raised by any startup in the French tech sector. Founded in 2018, the firm has become one of the most valuable startups in the country, with international football stars among its investors.

French startups are launching NFT sneakers in the form of mystery boxes

Globally, brands are finding innovative use cases of NFT. From using NFT to raise funding for charity organizations to use them for driving brand awareness, innovation is driving the market growth. Notably, similar trends are visible in France, where startups are entering the NFT space to drive brand awareness and consumer engagement.

In February 2022, Sneakmart, the French startup dedicated to streetwear, launched the first collection of NFT sneakers. The firm announced that Metakicks, the NFT sneakers, will be distributed in the form of mystery boxes. This means that buyers will not know beforehand which pair of basketball shoes they will get inside.

For the first drop, the firm has made a total of 6,250 Metakicks. The firm has created 15 unique 3D animated sneaker designs using different textures, shapes, colors, and materials. These designs have been classified on various levels of rarity. These include epic, super rare, rare, and normal.

Scope

France NFT Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028

France NFT Market Size and Forecast by Key Assets, 2019-2028 Collectibles and Art Real Estate Sports Gaming Utility Fashion & Luxury Other

France NFT Market Size and Forecast by Key NFT Collectible Assets, 2019-2028 Digital Art Music & Sound Clip Videos Memes & Gif Other

France NFT Market Size and Forecast by Currency, 2019-2028 Ethereum Solana Avalanche Polygon BSC Flow Wax Ronin Other

France NFT Market Size and Forecast by Sales Channels, 2019-2028 Primary Secondary

France User Statistics, 2019-2028

For more information about this report visit https://www.researchandmarkets.com/r/4rmlma Contacts

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

Australia NFT Market Intelligence and Future Growth Dynamics Report 2022: A $3.45 Billion Market by 2028 - Beauty Brands are Launching NFT Collectibles to Build Deeper Relationships with Customers - ResearchAndMarkets.com





DUBLIN--(BUSINESS WIRE)--The "Australia NFT Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels - Q2 2022" report has been added to ResearchAndMarkets.com's offering.

The NFT industry in Australia is expected to grow by 46.2% on an annual basis to reach US$659.5 million in 2022.

The NFT industry is expected to grow steadily over the forecast period, recording a CAGR of 33.8% during 2022-2028. The NFT Spend Value in the country will increase from US$659.5 million in 2022 to reach US$3459.1 million by 2028.

The Australian cryptocurrency market surged significantly in 2021. According to the Q1 2022 Global NFT Market Survey, more than one in ten Australians hold some form of digital currency. This growing popularity in the Australian cryptocurrency market has also propelled the growth of the Non-Fungible Tokens (NFTs) industry in 2021. Public interest in NFTs, a unique digital asset like a special release album or artwork created with the technology that underpins cryptocurrencies, surged in 2021.

In Australia, there are more NFT buyers than sellers. This trend is in line with the global NFT market, where more demand than supply. According to the publisher, in any given month of 2021, there were approximately 30% more buyers than sellers. This shows that people in increasing numbers are collecting NFTs globally, as well as in Australia.

In the global market, this gap decreased to a modest 4% between buyers and sellers in March 2022. However, in Australia, there are approximately 800 digital crypto artists and an estimated 6,000 to 10,000 NFT collectors, the number which is rising quarter on quarter. As the interest in NFTs among the general public continues to grow, the publisher expects more new collectors to be on-board, with increased spending from existing collectors.

Brands and retailers across different industries are looking to tap into the growing craze for NFTs. As a result of this, global gaming retailers are entering into strategic partnerships with Australian blockchain startups to launch the NFT marketplace.

In February 2022, GameStop, one of the leading gaming retailers globally, announced that the firm had entered into a strategic collaboration with Australian blockchain startup, Immutable, to launch the NFT marketplace. Notably, Immutable is expected to help GameStop by developing an NFT marketplace on its carbon-neutral platform, Immutable X.

GameStop announced that the firm is also planning to create a fund of up to US$100 million with Immutable, which will be distributed to developers for creating NFTs for its marketplace. The publisher expects the US$100 million to fund to further reduce the demand and supply gap in the Australian and global NFT market, which will also drive higher transaction value and volume

The publisher expects more such strategic partnerships in Australia over the next three to four years, thereby supporting the growth of the overall NFT industry from the short to medium-term perspective.

Beauty brands are launching NFT collectibles to build deeper relationships with customers in Australia

In Australia, brands across industry verticals are entering the NFT space by launching their collections. Notably, beauty brands in the country are using NFTs to build deeper relationships with customers, thereby driving their growth and revenue.

In November 2021, Sunny Skin, the Australian beauty brand, announced that the firm had launched its first NFT collection in the metaverse. The NFT collection, Aussie Angles, based around iconic Australian animals, was launched on the Openseas.io NFT open marketplace.

Notably, the firm launched the NFT collection as part of its brand strategy, through which the firm aims to build deeper relationships with customers in Australia. Its inaugural digital character, Kali the Koala, is linked to the firm's SPF50+ product and is designed to appeal to Gen Z and millennial women who understand and prioritize skincare.

As the interest in NFT continues to grow among the public in the country, the publisher expects more such beauty brands in Australia to launch NFT collections to boost their growth from the short to medium-term perspective.

NFT marketplaces are launching new products to further gain market share in Australia

As the NFT industry continues to record strong growth in Australia, NFT marketplaces are developing and launching innovative products to gain market share in the country.

In November 2021, NFT STARS announced the firm is planning to launch an innovative product, NFT Radio, which the firm claims to be a big breakthrough in the music industry. Notably, the NFT Radio is a radio station that streams unique content 24 x 7 and sells all audio content as NFTs.

The radio station powered by blockchain and NFT technologies aims to address the various issues musicians and creators face in the country. Notably, the platform consists of two parts - a radio station that streams the unique content and an audio marketplace where listeners can purchase NFT tracks.

Notably, NFT Radio is not the first product aimed at musicians and fans in Australia. Startups have launched innovative platforms before.

In August 2021, Serenade, a local music startup in Australia, announced the launch of an eco-friendly NFT platform, which aims to simplify the crypto industry for artists and music fans. The platform allows artists to sell everything from unreleased to new music, behind-the-scenes footage, and other visual assets.

One of the differentiating factors is that Serenade allows Australians to purchase NFTs using debit and credit cards.

With the competition among NFT marketplaces intensifying, the publisher expects more such innovative product launches which use blockchain and NFT technologies over the next four to eight quarters in Australia.

Reasons to buy Based on data and analysis, develop country-level strategies. Identify investment opportunities in growth segments. Exceed competition by incorporating forecast data as well as market trends. Use the relationships between major data sets with valuable insights to improve strategy. Appropriate for providing accurate, high-quality data and analysis to support internal and external presentations.

Scope

Australia NFT Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028

Australia NFT Market Size and Forecast by Key Assets, 2019-2028 Collectibles and Art Real Estate Sports Gaming Utility Fashion & Luxury Other

Australia NFT Market Size and Forecast by Key NFT Collectible Assets, 2019-2028 Digital Art Music & Sound Clip Videos Memes & Gif Other

Australia NFT Market Size and Forecast by Currency, 2019-2028 Ethereum Solana Avalanche Polygon BSC Flow Wax Ronin Other

Australia NFT Market Size and Forecast by Sales Channels, 2019-2028 Primary Secondary

Australia User Statistics, 2019-2028

For more information about this report visit https://www.researchandmarkets.com/r/d7c2ei Contacts

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com

For E.S.T. Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

PHP Ventures Acquisition Corp. and Modulex Modular Buildings Plc Announce a Definitive Agreement for a Business Combination



Modulex Modular Buildings Plc (“Modulex”) is a cutting-edge UK-based ConstrucTech company manufacturing 3D volumetric steel modular buildings and harnessing emerging technologies, such as Artificial Intelligence (AI), Blockchain & Internet of Things (IoT), to meet the burgeoning housing and infrastructure needs in developed and emerging markets at a rapid pace and with optimal cost efficiency. PHP Ventures Acquisition Corp. (NASDAQ: PPHP, PPHPR, PPHPU, PPHPW) ("PHP"), is a special purpose acquisition company, holds over US$58.1 million in its trust account for the purpose of effecting a business combination with a potential target The transaction values Modulex at US$600 million, which together with the cash in PHP’s trust account, assuming no redemptions in the business combination, transaction expenses, and the addition of proceeds of a possible financing of up to $30 million outlined below, results in a combined pro forma business value of US$682.5 million. We believe that this represents an attractive valuation as compared to some recent comparable market valuations and is the subject of an independent Fairness Opinion prepared by Houlihan Capital, LLC. Modulex’s disruptive construction technology addresses the urgent requirements for infrastructure such as healthcare, offices, and affordable housing in emerging and growth markets and beyond. The global construction market is expected to grow by US$4.5 trillion between 2020 and 2030 to reach US$15.2 trillion with US$8.9 trillion in emerging markets in 2030. Modulex is currently constructing the world’s largest Mega Factory™ for steel modular buildings in India to supply to the high growth Indian real estate market and to export to the US, UK, and the EU. Modulex has secured an order pipeline of £37.5 million from customers in the UK and India and support of marquee real estate investors including Ajmera Group, Delta Corp., and Ethix Group through their participation as shareholders in the Indian subsidiary of Modulex. The business combination will facilitate funding for five factories across South Korea, Vietnam, Brazil, Egypt and the US and positions Modulex to roll out a further 15 factories across emerging markets. The transaction is expected to close as early as the second quarter of 2023, and the Combined Company will operate under the Modulex name and anticipates being listed on the Nasdaq Capital Market under the symbol “MDLX.”

MIAMI BEACH, Fla.--(BUSINESS WIRE)--Modulex Modular Buildings Plc (“Modulex”), a UK-based, globally focused “ConstrucTech” manufacturer of modular buildings and PHP Ventures Acquisition Corp. (“PHP”) (Nasdaq: PPHP / PPHPU / PPHPW / PPHPR), a special purpose acquisition company, today announced the signing of a definitive business combination agreement (the “Business Combination Agreement” or “BCA”). After the closing of the transactions (the “Transactions”) contemplated in the BCA, Modulex will become a publicly listed company and PHP will become a subsidiary of Modulex (the “Combined Company”). Modulex expects to be listed on the Nasdaq Capital Market under the symbol “MDLX.”

MODULEX HIGHLIGHTS

Modulex is a cutting-edge, UK-headquartered “ConstrucTech” company offering Carbon Net Zero certified, advanced 3D volumetric steel modular buildings embedded with EmergingTech such as AI, Blockchain and IoT – Modular Buildings 2.0. Modular Building 2.0 that allows for fast optimized design in minutes, traceable quality assurance, live monitoring utilizing IoT, and certified carbon net zero buildings. The application of Modulex’s technology shortens design and construction time, provides high quality construction, lowers construction and maintenance costs, and meets the highest building standards. Modulex building structures are extremely airtight and ensure energy efficiency and they are fully mortgageable.

Modulex is currently building the world’s largest steel modular buildings factory in India, a MegaFactory™ to supply into the UK, EU, US, and Indian market. The MegaFactory™ will feature a 40-acre manufacturing facility located 280 km from Mumbai, functioning as a manufacturing cluster producing fully fitted steel modular buildings, bathroom pods, doors, and windows. The MegaFactory™ will be ISO 9000, 14000, 31000 and 26000 certified and fully ESG compliant, will harvest rain to recycle water, and the site is equipped with solar panels and organic farm food for the workers. With an initial annual capacity of 300,000 square meters (scalable to 1.2 million square meters) to enable volume to the supply chain to directly impact the shortage of affordable housing and other infrastructure requirements. These buildings manufactured at the MegaFactory™ are expected to be BOPAS certified and eligible for NHBC warranty. In order to support the transition of the construction industry into offsite construction, steel modular buildings in particular, Modulex will be offering credit to our customers who have forward refinancing arrangements.

Modulex’s experienced senior management team is passionate about creating a futuristic “ConstrucTech” business delivering the full potential of “Modular Buildings 2.0” across high growth global markets.

MANAGEMENT COMMENTS

Suchit Punnose, CEO and Founder of Modulex, stated, “How Apple changed smartphones and how Tesla changed cars, is how Modulex will change buildings with our Carbon Net Zero certified IoT enabled SMART building technology. We are pleased to have the support of top-tier investors and access to the U.S. capital markets following the closing of this proposed transaction, which we believe will further strengthen Modulex and will allow us to continue our global rollout of MegaFactories™ across high growth markets with a diversified order pipeline from marquee investors.

“This transaction highlights the immense value investors see in Modulex when comparing our numbers with those of our competitors in the global construction technology markets,” Punnose continued. “We have both a solid foundation and a clear roadmap to expand our model. This transaction will propel us to take our British offsite steel modular building technology global to cater to rising demand in growth markets such as India and other BRICS and N11 nations and continue building our staff to further these efforts along.”

Marcus Choo Yeow Ngoh, CEO of PHP, added, “Modulex has built a solid foundation for growth with its advanced modular technology and high-capacity factory to produce Carbon Net Zero buildings. When we launched PHP Ventures Acquisition Corp., we did so with the goal of identifying and partnering with a company or companies with significant presence, or compelling potential to develop such a presence, in Africa and other emerging markets. Modulex matches these criteria, and we believe that partnering with it will fuel its expansion with regional construction growth expected to be highest in Sub-Saharan Africa followed by emerging Asia. By harnessing the power of emerging technologies, Modulex can focus on expansion and geographic diversification in India, Saudi Arabia, South Korea, and the U.S., while following the Triple P Bottom line of planet, people, and profit. With a planned roll out of 20 factories in 15 countries, we believe Modulex will generate strong returns at attractive margins.”

TRANSACTION TERMS & FINANCING The Combined Company would have an approximate post-transaction equity market capitalization of $723 million assuming a $10.00 per share price and no redemptions by PHP stockholders and completion of an additional US$30 million of financing. Pursuant to the terms of the Business Combination Agreement, at closing of the Transactions, the following is expected to occur: (i) a newly-organized, wholly-owned subsidiary of Modulex will merge into PHP (the “Merger”) resulting in PHP becoming a wholly-owned subsidiary of Modulex, (ii) Modulex will register as a publicly traded company and parent of PHP, (iii) Modulex’s existing shares will be split to facilitate a fully diluted value per Modulex share of US$10, and (iv) PHP’s common stock and warrants to purchase PHP common stock will be exchanged on a one-for-one basis for Modulex Ordinary Shares and warrants to purchase Modulex Ordinary Shares, respectively. Prior to the closing of the BCA, but subject to the completion of the Merger, Modulex will effect a recapitalization of its outstanding equity securities so that the pre-Merger holders of Modulex Ordinary Shares, options and warrants to acquire Modulex Ordinary Shares will have shares (or the right to acquire shares, as applicable) valued at $10.00 per share and having a total value of $600 million, which does not include any shares issued as part of any pre-transaction rounds of financing in Modulex. This will result in the pre-Merger and pre-financing Modulex shareholders holding approximately 86.21% post transaction undiluted Modulex Ordinary Shares, assuming no redemptions by PHP shareholders, and other assumptions to be set forth in a registration statement to be filed by Modulex on Form F-4 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”). Actual percentages set forth in this registration statement may differ materially from the estimates of shareholdings set forth in this press release. All pre-Merger directors, officers and founding shareholders of Modulex Ordinary Shares will be subject to a lockup of 90% of their shares for a period ending three years from the closing of the merger. Additionally, minority shareholders of Modulex will be subject to a lockup of 90% of their shares for a period of two years from the closing date of the merger. The closing of this proposed Transactions is subject to agreement to these lockups by 90% of the minority shareholders and founding shareholders, respectively, which term may be amended or waived by PHP at their sole discretion. In addition to the $58 million held in PHP’s trust account (assuming no redemptions by PHP’s shareholders), proceeds to the Combined Company in the proposed business combination (the “Business Combination”) for PHP and Modulex would potentially include up to US$30 million in pre-transaction financing, a PIPE, or other alternatives. The final amount of any pre-transaction financing, or financing in connection with the proposed Business Combination, if any, to be raised is by mutual agreement and dependent on market conditions, and related terms, if any, have not been finalized. The Combined Company is expected to receive net proceeds after the US$30 million financing of approximately US$82.5 million assuming no redemptions and after transaction-related expenses of approximately US$5.6 million (not including fees payable to the underwriter in PHP’s IPO as deferred compensation). Use of net proceeds, among other things, is expected to fund development for organic growth and expansion, including funding for five factories across South Korea, Vietnam, Brazil, Egypt and the U.S. and positions Modulex to roll out a further 15 factories across emerging markets, and for working capital.

The Business Combination has been unanimously approved by the boards of directors of both PHP and Modulex, and is expected to close in the second quarter of 2023, subject to review and approval by the SEC of the Registration Statement to be filed with the SEC, regulatory and stockholder approvals and other customary closing conditions set forth in the BCA. Additional information about the proposed transaction, including a copy of the Business Combination Agreement, will be available in a Current Report on Form 8-K to be filed by PHP with the SEC and at www.sec.gov .

FINANCING

The group may seek up to US$30 million in pre-transaction financing, a PIPE, or other financing alternatives prior to the closing of the Business Combination with a transaction structure yet to be determined. The closing of the Business Combination has no minimum closing condition.

BOARD & MANAGEMENT

The Combined Company will operate under the Modulex name and will be led by an outstanding board of directors and leadership team including following persons:

Suchit Punnose - Founder and CEO and Director More than 25 years of experience as an entrepreneur Founder of Red Ribbon Asset Management Plc, an investment incubator focused on emerging markets and a principal shareholder in Modulex Investments in real estate, equities, and manufacturing

Richard Ogden - Senior Advisor to the Board More than 50 years of experience in construction industry Former Chairman of Buildoffsite Extensive experience in both public and private sectors within the industry

Ajay Palekar - Managing Director India Operations expert with more than 35 years of experience in manufacturing, logistics and supply chain Managed more than 6,500 personnel in last assignment across two countries

Taariq Mauthoor - Chief Technology Officer More than 20 years of experience in the built environment sector Chartered Engineer in Sustainable Design & Engineering Strategic advisor to various international corporate finance entities targeting impact investments

The parties also anticipate that certain other directors will join the Modulex board of directors upon closing of the Business Combination, including the following individuals who have agreed to be named as having these prospective positions:

Garry Stein - Non-Executive Director Audit Committee Chair More than 50 years’ experience in executive roles in banking, investment management, mergers & acquisitions, private equity, natural resources, technology, and strategic planning Current and past director of numerous public and private companies, including PHP

Renu Bhatia - Non-Executive Director More than 25 years of experience in the financial service, fintech, and health care sectors and Cofounder Opharmic Technology Deputy Chair of the Listing Committee of the Hong Kong Stock Exchange and Member of Board of Review – Inland Revenue Numerous awards and honours, including recognition as one of the “Top 100 Women in Fintech”

Mark Isaacson - Non-Executive Director Compensation Committee Chair More than 25 years in senior executive and advisory roles Significant experience in senior international M&A transactions, including a lead role to acquire 2 US major league baseball teams Current and past senior business and political advisory roles in the US and globally

ADVISORS

Nelson Mullins Riley & Scarborough LLP is serving as legal advisor to PHP. Rimon PC is serving as legal advisor to Modulex. Memery Crystal is serving as U.K. counsel to Modulex.

EF Hutton, division of Benchmark Investments, LLC, is serving as capital markets advisor. ARC Group Limited is acting as sole financial advisor to Modulex.

PHP has received a favourable independent Fairness Opinion from Houlihan Capital, LLC on the transaction terms.

WEBCAST

Modulex and PHP will host a joint conference call and webcast to discuss the proposed Transactions at a time to be announced in the near future. A telephone replay will be available for approximately 14 days after. The webcast, detailed investor presentation, and other materials will be available on PHP’s website, www.phpventures.com and at Modulex’s website at www.modulexglobal.com once released. Additionally, PHP has filed the investor presentation with the SEC as an exhibit to a Current Report on Form 8-K, which is available on the SEC website at www.sec.gov .

ABOUT MODULEX

Modulex Modular Buildings Plc, headquartered in the United Kingdom with additional offices in India and Mauritius, is a cutting-edge “ConstrucTech” company manufacturing 3D volumetric steel modular buildings and harnessing emerging technologies, such as Artificial Intelligence, Blockchain & Internet of Things (IoT), to meet the burgeoning housing and infrastructure needs at a rapid pace and with optimal cost efficiency by delivering “Modular Buildings 2.0.”

Modulex is an incubation business developed by Red Ribbon Asset Management Plc, a Mainstream Impact Investing company, which intends to take disruptive construction technology to emerging and growth markets where there is an urgent need for infrastructure such as healthcare, offices, and affordable housing. For more information, visit www.modulexglobal.com .

ABOUT PHP VENTURES ACQUISITION CORP.

PHP Ventures Acquisition Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company is led by Marcus Choo Yeow Ngoh, the Company's Chairman of the Board and Chief Executive Officer, and Garry Richard Stein, the Company's Chief Financial Officer. PHP is sponsored by Global Link Investment LLC. For more information visit www.phpventures.com .

ADDITIONAL INFORMATION AND WHERE TO FIND IT

In connection with the proposed Business Combination, PHP intends to file the Registration Statement containing proxy materials in the form of a proxy statement with the SEC. The Form F-4 will include a proxy statement to be distributed to holders of PHP’s common stock in connection with PHP’s solicitation of proxies for the vote by PHP’s stockholders with respect to the proposed Business Combination and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of securities to be issued to Modulex’s shareholders in connection with the proposed Business Combination. After the Registration Statement has been filed and declared effective, PHP will mail a definitive proxy statement, when available, to its shareholders.

Investors and security holders and other interested parties are urged to read the Registration Statement, any amendments thereto and any other documents filed or to be filed with the SEC carefully and in their entirety when they become available because they will contain important information about PHP, Modulex and the proposed Business Combination. Additionally, PHP will file other relevant materials with the SEC in connection with the Business Combination. Copies may be obtained free of charge at the SEC’s web site at www.sec.gov . Securityholders of PHP are urged to read the Registration Statement and the other relevant materials when they become available before making any voting decision with respect to the proposed Business Combination because they will contain important information about the Business Combination and the parties to the Business Combination.

PARTICIPANTS IN THE SOLICITATION

PHP and Modulex and their respective directors and executive officers may be considered participants in the solicitation of proxies with respect to the proposed Business Combination under the rules of the SEC. Security holders may obtain more detailed information regarding the names, affiliations, and interests of certain of PHP’s executive officers and directors in the solicitation by reading PHP’s Registration Statement and other relevant materials filed with the SEC in connection with the Business Combination when they become available. Information about the directors and executive officers of PHP is set forth in PHP’s annual report for the year ended December 31, 2021, on Forms filed with the SEC, i.e., Form S-1, several Forms 8-K and Forms 10-Q. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of the stockholders in connection with the proposed Business Combination will be set forth in the Registration Statement when it is filed with the SEC. These documents can be obtained free of charge at www.sec.gov .

Modulex and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of PHP in connection with the proposed Business Combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed Business Combination will be included in the Registration Statement filed in connection with the proposed Business Combination.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed Business Combination, within the meaning of the federal securities laws. Forward-looking statements may include, but are not limited to, statements with respect to Modulex’s products, the likelihood of regulatory approval of such products and their proposed uses; Modulex's growth prospects and Modulex's potential target markets, as well as the size of those markets; Modulex's projected financial and operational performance; new product and service offerings Modulex may introduce in the future; the potential business combination, including the implied business value, the expected post-closing ownership structure and the likelihood and ability of the parties to successfully consummate the potential transaction; the anticipated effect of the announcement or pendency of the proposed business combination on PHP’s or Modulex's business relationships, performance, and business generally; and other statements regarding PHP’s and Modulex’s expectations, hopes, beliefs, intentions or strategies regarding the future.

In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "outlook," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would," and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. You should carefully consider the risks and uncertainties described in the "Risk Factors" section of any proxy statement relating to the proposed business combination, which is expected to be filed by PHP with the SEC, other documents filed by PHP from time to time with SEC, and any risk factors made available to you in connection with PHP, Modulex and the transaction. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond the control of PHP and Modulex), and other assumptions, which may cause the actual results or performance to be materially different from those expressed or implied by these forward-looking statements. No assurance can be given that the business combination discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of PHP, including those set forth in the Risk Factors section of the Registration Statement and preliminary proxy statement for the proposed Business Combination. Copies of these documents are or will be available on the SEC’s website, www.sec.gov . PHP undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

In addition to factors previously disclosed in PHP’s reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: (i) the risk that the transactions contemplated by the Business Combination Agreement may not be completed in a timely manner or at all, which may adversely affect the price of PHP’s securities; (ii) the risk that the transactions contemplated by the Business Combination Agreement may not be completed by PHP’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by PHP; (iii) the failure to satisfy the conditions to the consummation of the transactions contemplated by the Business Combination Agreement, including the adoption of the Business Combination Agreement by the stockholders of PHP, the satisfaction of the minimum cash amount following redemptions by PHP’s public stockholders, (iv) the receipt of certain governmental and regulatory approvals; (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement; (vi) the potential effect of the announcement or pendency of the transactions contemplated by the Business Combination Agreement on Modulex’s business relationships, performance and business generally; (vii) risks that the transactions contemplated by the Business Combination Agreement disrupt current plans and operations of Modulex; (viii) the outcome of any legal proceedings that may be instituted against Modulex or PHP related to the Business Combination Agreement or the transactions contemplated thereby; (ix) the risk that PHP will be unable to maintain the listing of PHP’s securities on Nasdaq Capital Market; (x) the risk that the price of PHP’s securities, including following the Closing, may be volatile due to a variety of factors, including changes in the competitive and regulated industries in which Modulex operates, variations in performance across competitors, changes in laws and regulations affecting Modulex’s business and changes in the capital structure; (xi) the inability to implement business plans, forecasts, and other expectations after the completion of the transactions contemplated by the Business Combination Agreement, and identify and realize additional opportunities; (xii) the risk of downturns and the possibility of rapid change in the highly competitive industry in which Modulex operates, (xiii) the risk of changes in applicable law, rules, regulations, regulatory guidance, or social conditions in the countries in which Modulex’s customers and suppliers operate in that could adversely impact Modulex’s operations or the SPAC market generally; (xiv) the risk of supply chain and supply route challenges, including COVID-19, could result in delays or increased costs for Modulex and partners deploying their technologies; (xv) the risk that Modulex may not achieve or sustain profitability; (xvi) the risk that Modulex will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; (xvii) the risk that Modulex experiences difficulties in managing its growth and expanding operations; (xviii) the inability to complete a PIPE financing on attractive terms or at all; (xix) changes in overall economic conditions that impact spending on Modulex’s products; and (xx) deterioration in conditions of the building construction industry or in broader economic conditions. Contacts

MZ Group Chris Tyson +1 (949) 491-8235 PPHP@mzgroup.us Read full story here

High-Profile Investors and Celebrities Back Metagood, Creator of OnChainMonkey, with $5+ Million Funding Round





REDMOND, Wash.--(BUSINESS WIRE)-- #MonkeyBusiness -- Metagood , the company that built the OnChainMonkey (OCM) NFT ecosystem , has completed a pre-seed funding round of more than $5 million.

Metagood is a Web3 company empowering communities to be catalysts for positive collective action. Since its launch, Metagood has been backed by a who’s who of investors from crypto, blockchain, art, entertainment, and sports. Those joining the recent funding round include Animoca Brands; Morgan Creek Capital Management founder, CEO & chief investment officer Mark Yusko; Virgin Group investment manager Freddie Andrewes; Sora Ventures co-founder Jason Fang; Liquid 2 Ventures, founded by NFL Legend and Hall of Famer Joe Montana; Orange Fund general partner Don Ho; ACTAI Ventures; Sangha Capital; Woodstock Fund founder Pranav Sharma; Ocean Elders founder Gigi Brisson; and early Facebook executive and Stoked Capital founder Net Jacobsson.

Previous investors in Metagood include actor Owen Wilson; Virgin Unite chair Holly Branson; Rotten Tomatoes co-founders Patrick Lee and Stephen Wang; eight-time Olympic short-track speed skating medalist & Tribe Capital partner Apolo Ohno; actor and producer Woody Harrelson; two-time NBA All-Star Baron Davis; Dapper Labs co-founder Roham Gharegozlou; Axie Infinity co-founder Jeffrey (Jiho) Zirlin; The Sandbox co-founder Sebastian Borget; 9 GAG CEO Ray Chan; Crunchyroll founder Kun Gao; Litecoin creator Charlie Lee; BTCC and Ballet Crypto founder Bobby Lee; Algorand Foundation CEO Staci Warden; Bitfury co-founders Val Vavilov and George Kikvadze; Sound Ventures partner Guy Oseary; Second Life founder Philip Rosedale; Offline Ventures partners James Higa and Randi Zuckerberg; OneOf CEO Lin Dai; Pledge.to CEO James Citron; Twitch and Metatheory co-founder Kevin Lin; Kabam co-founder Holly Liu; Mission Gate founder and CEO George Bachiashvili; White Sand Group partner Elliott Donnelley; Metaplanet Inc President Simon Gerovich; Google Brain Moonshots Lead Evan Rapoport; and gumi Cryptos Capital General Partner Miko Matsumura, amongst many other notable people.

“We have been able to build a powerful community through our OnChainMonkey NFTs,” Metagood co-founder and chairman Bill Tai said. “Our DAO has empowered so many builders while raising 2000 ETH in just one year. Our investors see the promise Web3 has for effecting change, and they are supporting that. This investment by such prominent, change-minded individuals will inspire our communities to engage and help us do even more good.”

“We are delighted that Metagood has joined the more than 380 NFT-related companies and decentralized projects that have received investment from Animoca Brands,” said Yat Siu, Animoca Brands co-founder and chairman. “Metagood's mission and vision, which incorporate the values of respect, integrity, sustainability and experimentation, are vital for building a positive future for Web3, and we are proud to support its mission of making this future more accessible.”

Metagood’s co-founders, Bill Tai, Danny Yang, and Amanda Terry, are renowned entrepreneurs that have built and invested in internationally acclaimed companies. Bill Tai has been a leading voice in the crypto and deep tech space since 2010 as an early backer of Bitfury Group, the Chairman of the Board of Hut 8 Mining and an angel investor in Dapper Labs. He was an early supporter of more than 20 now publicly traded companies, including the first investor in Zoom and seed investor in Canva, Tweetdeck, Color Genomics, among others, as well as co-founding Treasure Data, IPInfusion and iAsiaWorks. Danny Yang previously founded MaiCoin, Taiwan's largest cryptocurrency exchange today and in operation since 2014, and Blockseer, a blockchain analytics company acquired in 2018. Amanda Terry is a 20-year veteran of digital media advertising at Twitter and NBC who has been co-investing with Bill since 2018. Bill, Danny, and Amanda co-founded Metagood in 2021 and launched its first collection OnChainMonkey. This historic non-fungible token collection was created all on-chain in a single transaction, including metadata and images. This groundbreaking approach was a more efficient use of the Ethereum blockchain that minimized the costs of deploying the collection.

Metagood will use the fundraising to continue building OnChainMonkey’s community and tools to empower Web3 communities, creators, and companies to be catalysts for positive collective action.

About Metagood

Founded by crypto and Non-Fungible Token (NFT) veterans with decades of business experience, Metagood strives to build a better future for Web3. Through its first NFT project OnChainMonkey, Metagood has simultaneously created value for its community members and contributed to several important causes. Those causes include funding the successful evacuation of Sharbat Gula (known as “Afghan Girl” from iconic 1984 National Geographic cover) and her family from Afghanistan, donations to Coral Vita to repair reefs in the Atlantic Ocean, and the rebuilding of homes people impacted by the typhoons in the Philippines in partnership with Axie Infinity. Recently recognized in Fast Company’s 2022 Best World Changing Ideas Awards for Impact Investing , To learn more about Metagood, visit metagood.com . Contacts

Inquiries Contact: Rachel Pipan, rachel@maneuvre.co

Unifimoney and Gemini Enable Credit Unions and Community Banks With Turnkey Wealth Management Platform





Collaboration helps credit unions and community banks better serve their 200m+ customers with self-directed investing wealth management services

SAN FRANCISCO--(BUSINESS WIRE)-- #communitybanks --Today, Unifimoney Inc. (“Unifimoney”) announced a collaboration with Gemini Trust Company (“Gemini”) that enables Credit Unions and Community Banks to trade over 80 cryptocurrencies. The offering is provided through Unifimoney’s turnkey crypto and digital wealth management platform, with Gemini providing custodial and exchange services. First Fidelity Bank based in Oklahoma is the first customer to go live with the service.

The collaboration is designed to help more people access wealth management services through their local community financial institution and incorporate digital assets in their long term wealth management journey.

Unifimoney supports robo advisory and commission-free trading of thousands of stocks and ETF’s, precious metals and over 80 cryptocurrencies.

There are 4,973 Credit Unions below $10bn in assets representing over 100m members and 4,612 Community Banks with over 180m customers (source: www.FedFis.com ).

“Digital wealth management represents an approximately $20bn annual non-interest revenue opportunity for community financial institutions,” said Ben Soppitt, Co-Founder and CEO of Unifimoney. “These institutions need to compete with big brand banks and fintech investing apps while driving new member acquisition and member engagement. Credit Unions have a critical role to play in extending access to responsible self-directed innovation and helping more people to protect and grow their wealth over the long term.”

Kristen Mirabella, Director of Business Development at Gemini, said, “Credit unions and community banks are critical to our financial ecosystem and turnkey digital wealth management tools like Unifimoney allow them to evolve alongside their customers. We’re thrilled to be working with Unifimoney to bring cryptocurrency to more credit union and community bank customers.”

For more information visit www.unifimoney.com and www.gemini.com

About Unifimoney

Unifimoney is a multi-asset turnkey digital wealth management platform that serves Fintechs, Community Banks and Credit Unions to enable them to offer compelling investment services to their customers. The Unifimoney platform today includes both passive and active investing in traditional equities and ETF’s. 80 cryptocurrencies and precious metals including gold, silver and platinum. Unifimoney RIA, a wholly owned subsidiary of Unifimoney Inc. is a SEC registered RIA. Unifimoney is part of the ICBA 2022 ThinkTech Accelerator Program.

www.unifimoney.com

About Gemini

Gemini is a platform that allows customers to buy, sell, store, and earn cryptocurrencies like bitcoin, ether, and DeFi tokens. Gemini's simple, reliable, and secure products are built to unlock the next era of financial, creative & personal freedom. Gemini was founded in 2014 by twin brothers Cameron and Tyler Winklevoss. Contacts

Media Contacts Unifimoney: info@unifi.money Gemini: natalie.rix@gemini.com

Sila and Accubits Technologies Announce Strategic Partnership





PORTLAND, Ore.--(BUSINESS WIRE)-- #AnewFinancialWorld --Sila Inc., a fintech software platform that provides payment infrastructure as a service, and Accubits Technologies, an AI and Blockchain focused software development and consulting company, today announced that they entered a strategic partnership to better avail each other’s services to their respective customers. Accubits helps organizations to be future-proof through data-driven solutions for mobile, cloud, and web platforms. Sila provides its expertise in ACH API and KYC/KYB/Identity verification.

“Sila is proud to add Accubits to its growing list of partners,” said Shamir Karkal, co-founder and CEO, Sila Inc. “We hear from our customers and prospects what a time saver it is for them that we offer a set of complementary service providers, cutting back on their search cost for the right one. With our customer base ranging from startups to established companies, it was important to find a development partner that has the ability to handle all sizes and their requirements.”

“Sila fits perfectly in our partner ecosystem of 120+ companies,” said Shubham Wani, associate partnerships, Accubits Technologies. “At Accubits, we have created an ecosystem of qualified partners for each of our customers' needs, rather than trying to find off-the-shelf solutions repeatedly. We are solving the greatest pain for our neo-banking customers by bringing the right partners to them. We are helping our partners with qualified customers who are interested in what they offer. By building a large and relevant ecosystem of vetted partners, our customers enjoy speedier integrations and faster time to market, with fewer delays and less frustrations.”

Customers of both companies will benefit from an elevated level of understanding of the other firm’s offerings that stands to speed up decision-making and save the customer money.

About Accubits

Accubits Technologies is a full-service software development and technology consulting company that offers product development and digital transformation services to Governments, Tech startups, Fortune 1000 companies, and SMEs.

Accubits helps organizations to be future-proof through data-driven solutions for mobile, cloud, and web platforms. Accubits is headquartered in Virginia, USA, and has offices in Australia, Canada, UAE, Hong Kong, India, Norway, Singapore, Indonesia, and Switzerland. By focusing on emerging technologies and building a collective of unconventional thinkers and innovators, Accubits is on track to be a front-runner during this industrial revolution we are witnessing.

For more information, go to www.accubits.com .

About Sila

Sila is a fintech software platform that provides payment infrastructure as a service, a business-critical element for all companies that need to integrate with the U.S. banking system and blockchain quickly, securely, and in compliance with applicable U.S. regulations. Sila offers Virtual Accounts, Digital Wallet, and ACH payments APIs for software teams. The firm was recognized as a ‘2021 best place to work in financial technology’. Sila is headquartered in Portland, Oregon. For more information, go to www.silamoney.com Contacts

Sila: Katie Morales, prforsila@bospar.com , 954-397-0336 Accubits: Shubham Wani, shubham.w@accubits.com , 886-644-5763

Arlington Capital Partners Agrees to Sell Octo to IBM





WASHINGTON--(BUSINESS WIRE)--Arlington Capital Partners (“Arlington Capital”), a Washington, DC-based private equity firm, today announced it has agreed to sell Octo (the “Company”) to IBM (NYSE: IBM). Octo, headquartered in Reston, VA, is a pure-play digital modernization solutions provider to the federal government.

Michael Lustbader, a Managing Partner at Arlington Capital, said “ Since our partnership with Octo began in early 2019, the Company has consummated four highly complementary acquisitions, expanding the Company’s healthcare footprint, while also doubling down on its strong positioning with forward-leaning modernization customers within the national security and civilian customer communities. The partnership with the Octo management team and their tireless efforts enabled us to build a great business focused on the infusion of modern technology into government applications and solidified the Company as an attractive workplace for technologists.”

Mehul Sanghani, Founder & CEO of Octo, said “ Octo was founded in 2006 with the singular belief and vision of creating a company that was laser-focused on transforming government missions with technology and building the type of culture that attracted high-end technologists who were passionate about that same vision. Our partnership with Arlington Capital has afforded us the opportunity to scale that vision at an unsurpassed pace. We have created an organization focused on digital transformation with modernization missions at scale ranging from public healthcare, to national security, to intelligence & defense. Octo’s combination with IBM affords our clients and our nearly 1,500 employees the unique opportunity to expand and accelerate that vision – with the global reach of one of the world’s pre-eminent brands and largest technology firms.”

Ben Ramundo, Vice President at Arlington Capital, said “ Over the last three years, Octo significantly increased its R&D and capital spending, leading to the development of new proprietary solutions, integration of code from acquired entities, and the establishment of its flagship oLabs development center. These endeavors paved the way for Octo to achieve strong annual organic growth and have positioned the Company for further success. We can think of no better steward than IBM to build upon those achievements.”

The transaction is expected to close by the end of the calendar year, subject to customary closing conditions and regulatory approvals.

About Arlington Capital Partners

Arlington Capital Partners is a Washington, DC-based private equity firm with approximately $7 billion of assets under management via six investment funds. Arlington is focused on middle market investment opportunities in growth industries including government services and technology, aerospace & defense, healthcare, and business services and software. The firm’s professionals and network have a unique combination of operating and private equity experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their Company’s position as leading competitors in their field.

Visit www.arlingtoncap.com for more details.

About Octo

Octo is a technology firm dedicated to solving the Federal Government’s most complex challenges, enabling agencies to jump the technology curve. We don’t just modernize. We create lasting change through best practices that help agencies implement and integrate at-scale next-generation technology and innovation. With a mission and service first mentality, we provide Agile, DevSecOps, Artificial Intelligence, Cybersecurity, Blockchain, Cloud, Open Source, and Data Science solutions, collaborating to solve customers’ pressing problems. Headquartered in Reston, Virginia, Octo delivers proven technology vital to the intelligence community and health care, defense, national security, and civilian agencies that directly impact our nation.

Visit https://www.octo.us/ for more details. Contacts

Michael Lustbader and Ben Ramundo Arlington Capital Partners 5425 Wisconsin Avenue, Suite 200 Chevy Chase, MD 20815 202-337-7500

Simplify Provides Estimated Capital Gain Distribution Information for 2022





NEW YORK--(BUSINESS WIRE)--Simplify Asset Management Inc. ("Simplify"), an innovative provider of Exchange Traded Funds ("ETFs"), announced today that it expects to deliver capital gains distributions across 6 Simplify ETFs. *

For the funds listed in the table below, the ex-date for the 2022 capital gains distributions will be Tuesday, December 27, 2022. The record date will be Wednesday, December 28, 2022, and the payable date will be Friday, December 30, 2022. Estimated 2022 Simplify Fund Distributions 1 As of November 30, 2022   Product Name Short-Term Capital Gain ($ per share) Long-Term Capital Gain ($ per share) Total-Capital Gain ($ per share) Capital Gain (as % of NAV) NAV ($) Simplify Developed Ex-US PLUS Downside Convexity ETF - - - 0.0% 18.82 Simplify US Small Cap PLUS Downside Convexity ETF - - - 0.0% 20.44 Simplify Emerging Markets Equity PLUS Downside Convexity ETF - - - 0.0% 18.16 Simplify Aggregate Bond PLUS Credit Hedge ETF 0.04 - 0.04 0.2% 22.56 Simplify Macro Strategy ETF - - - 0.0% 24.45 Simplify Managed Futures Strategy ETF 0.46 0.54 1.00 3.6% 27.51 Simplify Health Care ETF - - - 0.0% 27.27 Simplify Hedged Equity ETF 0.29 0.43 0.72 3.0% 23.91 Simplify Nasdaq 100 PLUS Convexity ETF - - - 0.0% 22.65 Simplify Nasdaq 100 PLUS Downside Convexity ETF - - - 0.0% 21.42 Simplify Volt Cloud and Cybersecurity Disruption ETF - - - 0.0% 5.31 Simplify Volt Robocar Disruption and Tech ETF - - - 0.0% 7.22 Simplify US Equity PLUS Upside Convexity ETF - - - 0.0% 28.38 Simplify US Equity PLUS Downside Convexity ETF - - - 0.0% 25.85 Simplify US Equity PLUS Convexity ETF - - - 0.0% 27.10 Simplify Volatility Premium ETF - - - 0.0% 21.90 Simplify Interest Rate Hedge ETF - - - 0.0% 67.58 Simplify US Equity PLUS GBTC ETF - - - 0.0% 21.52 Simplify High Yield PLUS Credit Hedge ETF - - - 0.0% 22.52 Simplify Tail Risk Strategy ETF - - - 0.0% 12.35 Simplify Intermediate Term Treasury Futures Strategy ETF - - - 0.0% 15.85 Simplify Bitcoin Strategy PLUS Income ETF 0.40 0.06 0.46 4.2% 11.01 Simplify Stable Income ETF - 0.01 0.01 0.0% 25.05 Simplify Enhanced Income ETF 0.02 0.02 0.04 0.2% 24.99 Simplify Short Term Treasury Futures Strategy ETF - - - 0.0% 25.00

*Estimated capital gains and information presented here are not final; these are initial estimates as of November 30, 2022, and will change based on market volatility, portfolio and shareholder activity and tax adjustments.

ABOUT SIMPLIFY ASSET MANAGEMENT INC

Simplify is a registered investment adviser founded in 2020 to help advisors tackle the most pressing portfolio challenges with an innovative set of options-based strategies. By accounting for real-world investor needs and market behavior, along with the non-linear power of options, our strategies allow for the tailored portfolio outcomes for which clients are looking. For more information, visit www.simplify.us/etfs .

Investors should carefully consider the investment objectives, risks, charges and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus containing this and other important information, please call (855) 772-8488, or visit SimplifyETFs.com. Please read the prospectus carefully before you invest. An investment in the fund involves risk, including possible loss of principal. Past performance does not guarantee future results.

This information is not intended as tax advice, investors should consult a tax advisor.

Simplify ETFs are distributed by Foreside Financial Services, LLC.

  Contacts

MEDIA: Chris Sullivan MacMillan Communications (212) 473-4442 chris@macmillancom.com

ADDING MULTIMEDIA Noteworthy Drives Cryptonotes into the Mainstream with New 5 Millibit Bitcoin Banknote



The new cryptonote is on sale now, with shipment expected later this year

ZUG, Switzerland--(BUSINESS WIRE)-- #bitcoin -- Noteworthy , the premier designer of physical cryptonotes , announced the sale of its new 5 millibit (mBTC) note, the first small-denomination, fully fungible bitcoin cryptonote. This new bill, which equates to 0.005 BTC (approximately $85 based on today’s prices) makes buying crypto simple for people of all ages and backgrounds through its familiar cash format. Following the successful unveiling of its 1BTC note at CoinDesk’s Consensus in June 2022, this smaller denomination lowers the barrier to entry, helping to increase access and drive adoption of digital assets.

Noteworthy combines the utility of paper money with the security benefits of digital assets and blockchain technology. Cryptonotes are produced with the most advanced secure printing features used by the world’s largest central banks today, including intaglio and ultraviolet security printing and 8000 DPI resolution. Users can instantly validate their cryptonote by scanning the QR code, which is associated with a public wallet address for each loaded cryptonote. These advanced features create a formidable security architecture, ensuring that all cryptonotes with an intact hologram (which secures the private key) can be trusted as fungible money in exchange for goods and services in the physical world.

“Digital currencies, issued and maintained using blockchain and distributed digital ledgers, have the potential to change how people and organizations transact value, eliminating the need for costly payment intermediaries, providing greater price stability, and diminishing counterparty risk,” said Noteworthy Co-Founder Peter Vessenes. “A physical bitcoin note can democratize access to financial systems, and is a great option for ‘unbanked’ populations in developing or remote regions to have the means to buy, sell, save, and invest more easily than before.”

Since it was founded in 2020, Noteworthy has recruited the banknote industry’s leading designers, suppliers, and manufacturers to create the world’s most advanced, well-designed, and counterfeit-resistant physical currency. Notable team members include Manuela Pfrunder, the designer of the ninth series Swiss Franc and 2016 IBNS Banknote of the Year winner and Edmund Moy, the 38th Director of the United States Mint.

“Physical currency is worth more than just its value. It forms a certain emotional connection between itself and its beholder,” said Larry Felix, Co-Founder of Noteworthy and former Director of the US Department of the Treasury’s Bureau of Engraving and Printing. “Noteworthy cryptonotes are designed to evoke that same feeling, while providing top-of-the-line security in a comfortable, familiar format.”

The 5mBTC cryptonote features a hand-engraved portrait of legendary Austrian economist Ludwig von Mises. Von Mises was selected in honor of his strident belief that autonomous money chosen freely by the people was fundamental to the cause of freedom, a vital protection of the people against the encroachment of totalitarian governments.

“Ludwig von Mises's powerful human-oriented approach to economics, combined with his insight that governments are inefficient capital allocators, remains as relevant – and necessary – as when he wrote them decades ago,” said Vessenes.

“As the line between national and global economies becomes more and more blurred, people will want a currency that fits financial fluidity – but buying cryptocurrency is really hard for most people. Paper money is a very old, very familiar technology that happens to work very well. Noteworthy is the printer for this new era of post-national currency, starting with the 1BTC and 5mBTC cryptonotes.”

Noteworthy’s 5mBTC cryptonote is available for sale in a limited quantity. Beginning in 2023, Noteworthy will expand its partnerships to incorporate additional blockchains to develop and manufacture bespoke cryptonotes. Visit noteworthy.ag to get your own note or for more information.

About Noteworthy

Co-Founded in 2020 by cryptocurrency pioneer Peter Vessenes and the former Director of the Bureau of Engraving and Printing under the U.S. Treasury Larry Felix, Noteworthy is the premiere designer of physical bitcoin banknotes, called cryptonotes. Cryptonotes are masterfully designed, high-tech paper notes that can be held in both a physical wallet and a digital wallet simultaneously, combining the utility of paper currency and the security of blockchain technology. Noteworthy currently offers two denominations, a 1BTC cryptonote and its new 5mBTC cryptonote, which lowers the barrier to entry to the world of digital assets. For more information, visit www.noteworthy.ag . Contacts

KC Maas noteworthy@wachsman.com

1Kosmos Named an Innovation Leader by KuppingerCole in Leadership Compass Report for Customer Identity and Access Management





SOMERSET, N.J.--(BUSINESS WIRE)-- #Blockchain -- 1Kosmos , the only company that unifies identity proofing and passwordless authentication, today announced it was named an innovation leader by KuppingerCole Analysts AG in their recent Leadership Compass Report on CIAM (customer identity and access management) platforms for 2022. A copy of the report is available here .

“1Kosmos has excellent mobile authentication and profile management features,” said John Tolbert, Director Cybersecurity Research for KuppingerCole. “Organizations shopping for CIAM solutions that have requirements for strong, standards-based consumer authentication capabilities will want to consider 1Kosmos.”

“The BlockID platform’s ability to provide customers a frictionless mobile or web-based onboarding and authentication experience is one of the reasons we were named an innovation leader by KuppingerCole,” said Hemen Vimadalal, CEO of 1Kosmos. “By providing a unified platform that combines identity proofing and passwordless authentication, our customers can reduce new account fraud and account takeover fraud while delivering users convenient, private, and secure access to their digital services.”

1Kosmos BlockID is a live biometric driven, distributed digital identity platform that helps organizations establish with certainty the identity of individuals who are accessing their systems, applications and data, on a continuous basis, while supporting secure multi-factor passwordless authentication to online services. BlockID also provides organizations with secure, automated employee onboarding with self service identity proofing for access to corporate applications, data and resources. 1Kosmos establishes with certainty the identity of individuals accessing consumer, corporate and government systems, applications and data.

About 1Kosmos 1Kosmos enables passwordless access for workers, customers and citizens to securely transact with digital services. By unifying identity proofing and strong authentication, the BlockID platform creates a distributed digital identity that prevents identity impersonation, account takeover and fraud while delivering frictionless user experiences. BlockID is the only NIST, FIDO2, and iBeta biometrics certified platform that performs millions of authentications daily for some of the largest banks, telecommunications and healthcare organizations in the world. The company is funded by Forgepoint Capital and Gula Tech Adventures with headquarters in Somerset, New Jersey. For more information, visit www.1kosmos.com and follow us on Twitter and LinkedIn . Contacts

Media: Marc Gendron Marc Gendron PR for 1Kosmos 617.877.7480 marc@mgpr.net

Outlook: Institutional Investors See Recession as Inevitable But Stagflation as the Bigger Risk, Finds Natixis Investment Managers Survey



At least 80% of institutional investors in all regions except Asia say their economies are or will be in a recession next year Most think inflation will remain high and that central bank policy alone can’t fix it. Nearly half believe an engineered soft landing is unrealistic Rising rates make bonds attractive again, but liquidity concerns are brewing Institutions disagree on outlook for stocks, are bullish on private equity, bearish on real estate, and double down on environmental, social and governance (ESG) investments, with big uptick in green bonds Emerging market outlook is caught up in geopolitical tug of war between the US and China, currency fluctuations and diminishing investment opportunities under a sharper ESG investing lens

BOSTON--(BUSINESS WIRE)--Institutional investors enter 2023 with a somber view of the economy and mixed outlook for the markets on expectations of even higher interest rates, inflation and volatility, according to new survey findings published today by Natixis Investment Managers (Natixis IM). The vast majority (85%) believe the economy is or will be in a recession next year, which 54% think is necessary to get inflation under control. However, most (65%) institutions think the bigger risk ahead is stagflation, or a period of negative GDP growth with entrenched inflation and spiralling unemployment. Given the stakes, institutions believe a central bank policy error is one of the biggest threats to the economy, second only to war.

Natixis IM surveyed 500 institutional investors who collectively manage $20.1 trillion in assets for public and private pensions, insurers, foundations, endowments and sovereign wealth funds around the world.

The survey found that 53% of the world’s largest, most sophisticated investors are actively de-risking their portfolios with tactical allocation moves that reveal a flight to quality in fixed income and resourceful use of alternative strategies for higher yields, stable returns and a hedge against downside risks.

“Even though many institutional investors say a recession is inevitable, they still see opportunities in the market, especially in fixed income,” said Liana Magner, Executive Vice President and Head of Retirement and Institutional for Natixis IM in the US. “However, it’s no surprise that with top risks that include war, inflation, interest rates and monetary policy errors, 74% of institutions believe the markets will favor active managers in 2023, especially since the majority say their active investments have outperformed in 2022.”

On institutional investors’ forecast for the economy, the survey found: 54% expect ongoing rate hikes next year, including 70% in both Latin America and the UK and 57% in North America. 73% don’t believe monetary policy alone can curb inflation, and 54% predict inflation will remain the same or move even higher despite rate hikes. With the exception of Asia, where 34% of institutions don’t anticipate a recession, the vast majority of respondents in all other regions say their economies are or will be in a recession next year, including 100% of those in the UK, 88% in North America and EMEA, and 80% in Latin America.

Overall, institutional investors see inflation and interest rates as the two top risks to their portfolios. Liquidity also is bubbling up as an issue as central banks continue phasing out their asset purchase programs. The number of institutional investors who cite liquidity as one of the biggest risks to their portfolios has nearly tripled to 36% from 13% a year ago.

A number of other economic factors that are beyond the control of central banks are also weighing on their minds: Whereas supply chain disruptions ranked as institutional investors’ top economic threat heading into 2022, war now ranks as the biggest threat to the economy (57%), a sentiment that’s strongest in Europe (68%). 40% cite deteriorating relations between the US and China as a top economic threat, a concern that ranked highest in Asia and the UK (47%). 65% believe that China’s geopolitical ambitions eventually will lead to a bifurcation of the global economy into a two-world order, with China and the US representing the biggest spheres of influence. As such global trade concerns continue to be a top economic threat for 27% of respondents. Most (77%) think that ongoing supply chain disruptions will hinder economic growth; however, 62% believe that shifting supply chains from global to domestic and “friendly” markets also will slow growth.

2023 Market Outlook: Bonds are Back; Crypto is Out; More Volatility Ahead

Institutional investors’ consensus view on the markets for next year are: They are most bullish on private equity (63%) and are split between bulls and bears on their outlook for stocks and private debt. 72% think rising rates will usher in a resurgence of traditional fixed income, and their outlook on the bond market next year is mostly bullish (56%). 60% think large-cap stocks will outperform small caps, and outperformance will most likely come from the healthcare, energy, and financial sectors. 61% agree that the ongoing prevalence of remote work will result in a sharp depreciation of commercial real estate assets; however, they remain committed to real estate and are investing in non-traditional or thematic-driven spaces, especially data centers and senior, student and affordable housing. 69% agree that valuations still do not reflect fundamentals, but 72% think the markets will finally come to terms next year with the realization that valuations matter. 57% expect stock volatility to rise while 64% expect bond volatility to settle down, the notable exception being in Asia where 46% expect increased volatility in bond prices. Half (50%) also see currency volatility rising. 62% expect developed markets to outperform emerging markets. 76% expect gold to outperform cryptocurrency. Moreover, 83% agree that blockchain technology is the real revolution anyway, not cryptocurrencies. There is some disagreement on whether the dollar will strengthen (49%) or weaken (51%); however, 83% agree that the US dollar will maintain global dominance. The strength of the US dollar has important implications, particularly for emerging markets, which 64% of institutional investors agree are at the mercy of US monetary policy.

“Institutional investors are navigating the markets in an economy that has changed dramatically,” said Dave Goodsell, Executive Director of the Natixis IM Center for Investor Insight. “For three years now, world events have put the global economy on a rollercoaster ride, from the early stages of the pandemic to Russia’s war with Ukraine to the unwinding of expansionary monetary policy. What remains consistent are institutional investors’ long-term return assumptions, which is a testament to the rigor and innovation they bring to portfolio construction and the wide range of traditional, alternative and private asset tools they use to achieve their objectives.”

Portfolio moves: Tactical repositioning in a market calling for hyper-active management

The majority (67%) of institutional investors think that actively managed funds will outperform passive, and also that portfolios with a mix of stocks, bonds and alternative strategies will outperform those with a traditional 60/40 mix of traditional stocks and bonds. While they are planning to shift allocations by no more than 1% to or from any asset class, institutional investors are making notable tactical changes. Within equities, institutional investors are most likely to increase allocations to US stocks (40%) followed by Asia-Pacific (31%) and emerging markets (32%) stocks. Within fixed income and in an apparent flight to quality, nearly half (48%) are increasing allocations to government bonds and 49% plan to increase allocations to investment grade bonds. 63% say they will look to short-term bond ETFs to counter duration risk. In emerging markets, they see the best growth opportunities in Asia ex-China. Two-thirds (66%) agree that emerging markets are overly dependent on China, and 74% think China’s geopolitical ambitions have reduced its investment appeal. Within alternatives, institutions are most likely to increase allocations to private equity (43%), where they see energy, information technology and infrastructure investments as most attractive. 62% believe there is alpha to be found in ESG investments, and 59% plan to increase their ESG allocations. Fully half (50%) plan to increase allocations to green bonds, including 68% in Asia, 54% in EMEA and 51% in the UK, but only 25% in North America.

A full copy of the report on the Natixis Investment Managers Institutional Investor 2023 Market Outlook can be found here: https://www.im.natixis.com/intl/research/institutional-investor-survey-2023-outlook

Methodology

Natixis Investment Managers Global Survey of Institutional Investors conducted by CoreData Research in October and November 2022. Survey included 500 institutional investors in 29 countries throughout North America, Latin America, the United Kingdom, Continental Europe, Asia and the Middle East.

About Natixis Investment Managers

Natixis Investment Managers’ multi-affiliate approach connects clients to the independent thinking and focused expertise of more than 20 active managers. Ranked among the world’s largest asset managers 1 with more than $1 trillion assets under management 2 (€1 trillion), Natixis Investment Managers delivers a diverse range of solutions across asset classes, styles, and vehicles, including innovative environmental, social, and governance (ESG) strategies and products dedicated to advancing sustainable finance. The firm partners with clients in order to understand their unique needs and provide insights and investment solutions tailored to their long-term goals.

Headquartered in Paris and Boston, Natixis Investment Managers is part of the Global Financial Services division of Groupe BPCE, the second-largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks. Natixis Investment Managers’ affiliated investment management firms include AEW; AlphaSimplex Group; DNCA Investments; 3 Dorval Asset Management; Flexstone Partners; Gateway Investment Advisers; Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seeyond; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners; Vaughan Nelson Investment Management; and WCM Investment Management. Additionally, investment solutions are offered through Natixis Investment Managers Solutions and Natixis Advisors, LLC. Not all offerings are available in all jurisdictions. For additional information, please visit Natixis Investment Managers’ website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers .

Natixis Investment Managers’ distribution and service groups include Natixis Distribution, LLC, a limited purpose broker-dealer and the distributor of various U.S. registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.

1 Cerulli Quantitative Update: Global Markets 2022 ranked Natixis Investment Managers as the 18th largest asset manager in the world based on assets under management as of December 31, 2021. 2 Assets under management (“AUM”) of current affiliated entities measured as of September 30, 2022 are $1,072.9 billion (€1,095.4 billion). AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers. 3 A brand of DNCA Finance. 5282090.1.1 Contacts

Press contact: Kelly Cameron +1 617-449-2543 Kelly.Cameron@natixis.com

Outlook: Institutional Investors See Recession as Inevitable But Stagflation as the Bigger Risk, Finds Natixis Investment Managers Survey



At least 80% of institutional investors in all regions except Asia say their economies are or will be in a recession next year Most think inflation will remain high and that central bank policy alone can’t fix it. Nearly half believe an engineered soft landing is unrealistic Rising rates make bonds attractive again, but liquidity concerns are brewing Institutions disagree on outlook for stocks, are bullish on private equity, bearish on real estate, and double down on environmental, social and governance (ESG) investments, with big uptick in green bonds Emerging market outlook is caught up in geopolitical tug of war between the US and China, currency fluctuations and diminishing investment opportunities under a sharper ESG investing lens

BOSTON--(BUSINESS WIRE)--Institutional investors enter 2023 with a somber view of the economy and mixed outlook for the markets on expectations of even higher interest rates, inflation and volatility, according to new survey findings published today by Natixis Investment Managers (Natixis IM). The vast majority (85%) believe the economy is or will be in a recession next year, which 54% think is necessary to get inflation under control. However, most (65%) institutions think the bigger risk ahead is stagflation, or a period of negative GDP growth with entrenched inflation and spiralling unemployment. Given the stakes, institutions believe a central bank policy error is one of the biggest threats to the economy, second only to war.

Natixis IM surveyed 500 institutional investors who collectively manage $20.1 trillion in assets for public and private pensions, insurers, foundations, endowments and sovereign wealth funds around the world.

The survey found that 53% of the world’s largest, most sophisticated investors are actively de-risking their portfolios with tactical allocation moves that reveal a flight to quality in fixed income and resourceful use of alternative strategies for higher yields, stable returns and a hedge against downside risks.

“Even though many institutional investors say a recession is inevitable, they still see opportunities in the market, especially in fixed income,” said Liana Magner, Executive Vice President and Head of Retirement and Institutional for Natixis IM in the US. “However, it’s no surprise that with top risks that include war, inflation, interest rates and monetary policy errors, 74% of institutions believe the markets will favor active managers in 2023, especially since the majority say their active investments have outperformed in 2022.”

On institutional investors’ forecast for the economy, the survey found: 54% expect ongoing rate hikes next year, including 70% in both Latin America and the UK and 59% in the US. 73% don’t believe monetary policy alone can curb inflation, and 54% predict inflation will remain the same or move even higher despite rate hikes. With the exception of Asia, where 34% of institutions don’t anticipate a recession, the vast majority of respondents in all other regions say their economies are or will be in a recession next year, including 100% of those in the UK, 86% in the US and EMEA, and 80% in Latin America.

Overall, institutional investors see inflation and interest rates as the two top risks to their portfolios. Liquidity also is bubbling up as an issue as central banks continue phasing out their asset purchase programs. The number of institutional investors who cite liquidity as one of the biggest risks to their portfolios has nearly tripled to 36% from 13% a year ago.

A number of other economic factors that are beyond the control of central banks are also weighing on their minds: Whereas supply chain disruptions ranked as institutional investors’ top economic threat heading into 2022, war now ranks as the biggest threat to the economy (57%), a sentiment that’s strongest in Europe (68%). 40% cite deteriorating relations between the US and China as a top economic threat, including 47% in Asia and 53% in the US after the mid-term elections, up from 25% before the election. 65% believe that China’s geopolitical ambitions eventually will lead to a bifurcation of the global economy into a two-world order, with China and the US representing the biggest spheres of influence. As such global trade concerns continue to be a top economic threat for 27% of respondents. Most (77%) think that ongoing supply chain disruptions will hinder economic growth; however, 62% believe that shifting supply chains from global to domestic and “friendly” markets also will slow growth.

2023 Market Outlook: Bonds are Back; Crypto is Out; More Volatility Ahead

Institutional investors’ consensus view on the markets for next year are: They are most bullish on private equity (63%) and are split between bulls and bears on their outlook for stocks and private debt. 72% think rising rates will usher in a resurgence of traditional fixed income, and their outlook on the bond market next year is mostly bullish (56%). 60% think large-cap stocks will outperform small caps, and outperformance will most likely come from the Healthcare, Energy, and Financial sectors. 61% agree that the ongoing prevalence of remote work will result in a sharp depreciation of commercial real estate assets; however, they remain committed to real estate and are investing in non-traditional or thematic-driven spaces, especially data centers and senior, student and affordable housing. 69% agree that valuations still do not reflect fundamentals, but 72% think the markets will finally come to terms next year with the realization that valuations matter. 57% expect stock volatility to rise while 64% expect bond volatility to settle down, the notable exception being in Asia where 46% expect increased volatility in bond prices. Half (50%) also see currency volatility rising. 62% expect developed markets to outperform emerging markets. 76% expect gold to outperform cryptocurrency. Moreover, 83% agree that blockchain technology is the real revolution anyway, not cryptocurrencies.

There is some disagreement among institutional investors on whether the dollar will strengthen (49%) or weaken (51%); however, 83% agree that the US dollar will maintain global dominance. The strength of the US dollar has important implications, particularly for emerging markets, which 64% of institutional investors agree are at the mercy of US monetary policy.

“Institutional investors are navigating the markets in an economy that has changed dramatically,” said Dave Goodsell, Executive Director of the Natixis IM Center for Investor Insight. “For three years now, world events have put the global economy on a rollercoaster ride, from the early stages of the pandemic to Russia’s war with Ukraine to the unwinding of expansionary monetary policy. What remains consistent are institutional investors’ long-term return assumptions, which is a testament to the rigor and innovation they bring to portfolio construction and the wide range of traditional, alternative and private asset tools they use to achieve their objectives.”

Portfolio moves: Tactical repositioning in a market calling for hyper-active management

The majority (67%) of institutional investors think that actively managed funds will outperform passive, and also that portfolios with a mix of stocks, bonds and alternative strategies will outperform those with a traditional 60/40 mix of traditional stocks and bonds. While they are planning to shift allocations by no more than 1% to or from any asset class, institutional investors are making notable tactical changes. Within equities, institutional investors are most likely to increase allocations to US stocks (40%) followed by Asia-Pacific (31%) and emerging markets (32%) stocks. Within fixed income and in an apparent flight to quality, nearly half (48%) are increasing allocations to government bonds and 49% plan to increase allocations to investment grade bonds. 63% say they will look to short-term bond ETFs to counter duration risk. In emerging markets, they see the best growth opportunities in Asia ex-China. Two-thirds (66%) agree that emerging markets are overly dependent on China, and 74% think China’s geopolitical ambitions have reduced its investment appeal. Within alternatives, institutions are most likely to increase allocations to private equity (43%), where they see energy, information technology and infrastructure investments as most attractive. 62% believe there is alpha to be found in ESG investments, and 59% plan to increase their ESG allocations. Fully half (50%) plan to increase allocations to green bonds, including 68% in Asia, 54% in EMEA and 51% in the UK, but only 16% in the US.

A full copy of the report on the Natixis Investment Managers Institutional Investor 2023 Market Outlook can be found here: https://www.im.natixis.com/us/research/institutional-investor-survey-2023-outlook

Methodology

Natixis Investment Managers Global Survey of Institutional Investors conducted by CoreData Research in October and November 2022. Survey included 500 institutional investors in 29 countries throughout North America, Latin America, the United Kingdom, Continental Europe, Asia and the Middle East.

About Natixis Investment Managers

Natixis Investment Managers’ multi-affiliate approach connects clients to the independent thinking and focused expertise of more than 20 active managers. Ranked among the world’s largest asset managers 1 with more than $1 trillion assets under management 2 (€1 trillion), Natixis Investment Managers delivers a diverse range of solutions across asset classes, styles, and vehicles, including innovative environmental, social, and governance (ESG) strategies and products dedicated to advancing sustainable finance. The firm partners with clients in order to understand their unique needs and provide insights and investment solutions tailored to their long-term goals.

Headquartered in Paris and Boston, Natixis Investment Managers is part of the Global Financial Services division of Groupe BPCE, the second-largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks. Natixis Investment Managers’ affiliated investment management firms include AEW; AlphaSimplex Group; DNCA Investments; 3 Dorval Asset Management; Flexstone Partners; Gateway Investment Advisers; Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seeyond; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners; Vaughan Nelson Investment Management; and WCM Investment Management. Additionally, investment solutions are offered through Natixis Investment Managers Solutions and Natixis Advisors, LLC. Not all offerings are available in all jurisdictions. For additional information, please visit Natixis Investment Managers’ website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers .

Natixis Investment Managers’ distribution and service groups include Natixis Distribution, LLC, a limited purpose broker-dealer and the distributor of various U.S. registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.

1 Cerulli Quantitative Update: Global Markets 2022 ranked Natixis Investment Managers as the 18th largest asset manager in the world based on assets under management as of December 31, 2021. 2 Assets under management (“AUM”) of current affiliated entities measured as of September 30, 2022 are $1,072.9 billion (€1,095.4 billion). AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers. 3 A brand of DNCA Finance. 5281113.2.1 Contacts

Kelly Cameron + 1 617-449-2543 Kelly.Cameron@natixis.com

Sterling Trading Tech Sees Record OMS Growth



In-demand capabilities include support for fractional shares trading, along with Rules Engine, Routing Wheel and Review & Release functionalities

CHICAGO--(BUSINESS WIRE)-- #RaaS -- Sterling Trading Tech (STT) , a leading provider of order management systems, risk and margin tools and trading platforms to the capital markets worldwide, today announced record growth of its order management system (OMS) offering, doubling its userbase throughout the second half of 2022. The accelerated use of the Sterling OMS is driven by increased demand for sophisticated functionality across the market.

Notable firms that have signed agreements for Sterling’s OMS over the past six months include TradeZero Holding Corp. , Avenue Securities , and Banco C6 S.A.

Sterling’s OMS infrastructure was built to seamlessly incorporate additional features and grow with user demand. The most in-demand OMS functionalities currently or soon to be available in the Sterling OMS include: Support for Notional & Fractional Orders: Enables users to enter orders based on dollar amounts or fractional quantities, providing increased trading flexibility Rules Engine : Allows for custom rule creation and user-defined pre-trade checks Review & Release: Defines rules results to provide a second look at orders Routing Wheel: Automates order distribution based on pre-defined routing formulas to improve performance and reduce bias

Additional Sterling OMS capabilities include advanced order types, order preview, robust risk controls, algorithmic orders, support for cryptocurrency trading and more.

“At its core, the Sterling OMS is built to address the needs and challenges our clients face and enable them to simplify their workflows,” said Ravi Jain , Chief Product Officer at STT. “The significant momentum in adoption of our OMS offering is a testament to our collaborative approach with clients that ensures our product roadmap and development align with their priorities and industry trends keeping them competitive in the market.”

The Sterling OMS is STT’s fastest-growing product and is among the most robust OMS solutions available. It includes extensive connectivity solutions, compliance checks and reporting within a highly scalable infrastructure. The offering is designed for high-throughput specifications and supports market-leading connectivity to routing destinations, clearing firms and EMS platforms. Additionally, new and existing clients can utilize the STT compliance reporting suite, which includes CAT and full life-cycle trade reporting.

ABOUT STERLING TRADING TECH

Sterling Trading Tech (STT) is a leading provider of professional trading technology solutions for the global equities, equity options and futures markets. With over 100 clients including leading brokers, clearing firms and prop groups in over 20 countries, STT provides solutions tailored to clients’ needs. STT is committed to providing fast, stable technology along with outstanding customer service. STT provides trading platforms, OMS and risk products to its clients. Contacts

MEDIA CONTACT

Michael Kingsley Forefront Communications for STT (914) 522-9471 mkingsley@forefrontcomms.com

myFICO: How to Avoid End-of-Year Donation Scams





SAN JOSE, Calif.--(BUSINESS WIRE)-- ​​ The end of the year is approaching, and with that comes nonprofits and charities asking for donations by way of fundraising drives or campaigns advertised through email, phone, text, snail mail or social media.

Sadly, scammers are well aware of this, and try to lure big-hearted folks who want to open their pocketbooks to give to a fake charity. These online scams are in great abundance during this time of year.

As you might be inspired during the holiday season to be generous and donate to important causes and organizations doing good work, you'll want to be careful, lest you get tricked into giving your money to con artists.

We'll shine a line on some common donation scams, tell-tale signs of charity fraud, how to protect yourself from being conned, and how to donate wisely, from myFICO:

For more loan and credit education, visit myFICO’s blog at https://www.myfico.com/credit-education/blog

Be on the lookout for donation scams

Donation scams are usually sprung around a recent event that's making headlines and tugging at people's heartstrings, or during times of year where donating is front and center, explains Tim Helming, a cybersecurity evangelist with internet intelligence specialists DomainTools .

" Opportunists almost always show up to build scams to capitalize on current events, including holiday and post-disaster giving," says Helming. For instance, a scammer might pretend to be a children's charity, or a non-profit organizing a food and gift drive during the holidays.

" A lot of these scams will involve phishing, and one of the key ways to avoid getting caught by a phishing attack is to be aware of look-alike domains and websites. Threat actors are good at creating domain names that can fool a lot of users by looking very similar to legitimate websites."

Know the red flags

Donation scammers tend to pull from the same bag of tricks to get you to quickly make a donation—only to later realize you've been conned. According to the Federal Trade Commission (FTC), here are some common tactics fraudsters use: Say they're from an organization that sounds like but isn’t the precise name of a legit charity Falsely claim that your donation is tax-deductible Plead urgency so that you feel pressed to make a donation right away Make vague claims but don't offer specific information on exactly where you donation will be used Making grand guarantees, such as you'll win in a sweepstakes if you make a donation.

Check if a charity is legit

The good news is that there are plenty ways to check if a charity is a legitimate one:

1. Research the organization on trusted websites.

Before you give to a charity that is soliciting donations, confirm the entity's worthiness with sites such as the Better Business Bureau (BBB) or Charity Navigator , recommends Joseph Steinberg , a cybersecurity and artificial intelligence expert. Other sites that gives ratings and reviews on charitable organizations include: BBB Wise Giving Alliance CharityWatch Candid

Want to check whether a donation is tax-deductible? You can do a search on the IRS's Tax Exempt Organization Search .

2. Check the website carefully. Look carefully for misspellings in the domain name in the URL, suggests Helming. Also, open a fresh browser tab and type the organization's basic domain into the browser address bar. In other words, don't paste the link from the original source .

If a website is riddled with typos and grammatical errors, that's another tell-tale sign that the charity isn't a legitimate one.

3. Do some cross-checking. Do a stand-alone web search for the organization's website and also do a search using the organization's name plus words such as "scam" "review" or "rating."

4. Be wary of unsolicited requests. If you received an ad on social media, an email, or a text message, it may set off alarm bells and flashing red lights—unless you specifically opted into text messages about that organization, points out Helming. " If you can’t recall whether you opted in, there’s a good chance that you didn’t," he says. " Vetting the source of the proposed donation site can help save you from logging into a fake site."

5. Donate wisely. To avoid falling victim to a donation scam, here's how you can donate in a safe and wise manner:

- Pay by credit card . Whenever possible, make contributions using a credit card rather than a debit card, gift card , cryptocurrency, check, or cash, recommends Steinberg. " If you find out that a contribution was made under false pretenses, you can dispute the relevant charge [with a credit card]," says Steinberg. " Using one-time credit card numbers is even better, both to prevent fraud and to help authorities catch criminals."

- Request detailed information. Research the alleged charity or cause online and ask for specifics, including the organization's address and phone number, recommends Chris Hauk, a consumer privacy champion at Pixel Privacy . " Ask the charity how much of your donation actually goes to the cause and how much goes to 'administration' or 'overhead,' " says Hauk. " Ask your state's charity regulator for information about the charity or cause."

Bottom line

Should you find yourself a victim of a donation scam, report it at ReportFraud.ftc.gov . This will help the FTC investigate and protect others.

Donation scams are a concerning matter, no doubt. But by practicing vigilance, looking out for red flags, and doing your due diligence, you can avoid them this holiday season.

About myFICO

myFICO makes it easy to understand your credit with FICO ® Scores, credit reports and alerts from all 3 bureaus. myFICO is the consumer division of FICO– get your FICO Scores from the people that make the FICO Scores. For more information, visit https://www.myfico.com/ Contacts

myFICO Contact: Elizabeth Warren ElizabethWarren@fico.com

Wilson Sonsini Adds Jess Cheng, Former Senior Federal Reserve Payments Counsel, to Fintech and Financial Services Group



With the Addition of Cheng and Others with Fintech Expertise, Wilson Sonsini Formalizes its “Fintech and Financial Services” Group

PALO ALTO, Calif.--(BUSINESS WIRE)--Wilson Sonsini Goodrich & Rosati, the premier provider of legal services to technology, life sciences, and growth enterprises worldwide, announced today that Jess Cheng is joining the firm as a corporate partner in New York, where she will be a member of the Fintech and Financial Services group. The move demonstrates Wilson Sonsini’s continued efforts to add to its strengths as a top legal adviser to the fintech and evolving financial services community, as well as its capacity to provide a holistic approach when advising clients engaged in both traditional and new payment services.

Cheng has more than a decade of experience handling—and shaping—the regulatory aspects of a broad range of payment services and technologies, spanning traditional systems and cutting-edge payments products. She joins Wilson Sonsini from the Board of Governors of the Federal Reserve System in Washington, D.C., where she served as senior counsel in the Monetary Affairs and Payment Systems Section. While there, Cheng was at the forefront of payments rulemaking, including with respect to debit card interchange fees and instant payments, as well as oversight of the FedNow Service.

Cheng has extensive expertise advising on the evolving financial regulatory perimeter, particularly with regard to stablecoins and nonbank payment companies; partnerships between banks and fintech companies, including in connection with payment infrastructures that leverage distributed ledger and other emerging technologies; and the legal, regulatory, and public policy aspects of central bank digital currencies.

Previously, as deputy general counsel at enterprise blockchain company Ripple, Cheng advised on a wide range of legal and regulatory issues that affect innovative payment products. Serving as a trusted advisor on a spectrum of commercial, operational, and product matters, she has crafted pragmatic, business-minded legal solutions to novel and complex issues at the intersection of payments technology and financial regulation.

“Jess’s combination of public and private sector experience enables her to offer a unique perspective that will provide early- and late-stage clients alike with practical insights regarding the payments ecosystem,” said Doug Clark , managing partner at Wilson Sonsini. “Her background and perspective will be particularly valuable to technology companies entering the payments space or those looking to expand their range of financial service offerings, as she can offer a broad set of tailored solutions for innovative clients and others moving forward in the fintech sector.”

Cheng’s addition is the latest significant hire that underscores Wilson Sonsini’s efforts to formalize its Fintech and Financial Services practice. In June 2022, Neel Maitra joined the firm’s Washington, D.C., office. Maitra was a senior special counsel in the SEC’s Division of Trading and Markets, where he focused on fintech and cryptocurrency issues. In October 2020, Joshua Kaplan joined Wilson Sonsini’s London office. Kaplan was formerly at Checkout.com—a leading global payment solution provider—where he had served as COO and general counsel since 2017.

Wilson Sonsini provides extensive and cutting-edge corporate, regulatory, intellectual property, and litigation legal representation for innovative companies across the fintech and financial services industries. Among the firm’s areas of experience is advising clients with innovative financial platforms and products on compliance matters. Select clients include Block, AngelList, Roblox, Crypto.com, CrowdStreet, Bitwise, Bakkt, Rally Rd, and Checkout.com.

“Wilson Sonsini has been representing fintech clients since the industry first surfaced, and our experience has helped us attract talented attorneys like Jess and others, and led us to formalize our Fintech and Financial Services group,” said Amy Caiazza , a partner at Wilson Sonsini who leads the group. “Jess’s goal-oriented approach and her public and private sector experience is what next-generation fintech clients need—a holistic and creative approach to their unique challenges and an ability to identify issues before they arise.”

“I chose Wilson Sonsini for the firm’s unparalleled reputation of working with iconic technology clients and collaborative approach to helping innovators thrive in highly regulated industries,” said Cheng. “The payments sector is at the cusp of significant change, and I am excited to draw on my public sector experience to partner with founders, start-ups, and investors at the cutting edge of financial services. My payments background complements the firm’s top-notch team, enhancing our ability to provide creative strategies to navigate the changing regulatory landscape and help clients succeed on every aspect of the journey, from start-up to public company.”

Prior to working for the Federal Reserve Board—and following her in-house role at Ripple—Cheng was counsel at the International Monetary Fund’s Legal Department, where she advised on the strategic direction of the fund’s fintech work agenda and provided technical assistance to member countries. She began her career as an associate at Wachtell, Lipton, Rosen & Katz, after which she served as counsel and officer at the Federal Reserve Bank of New York.

Cheng earned her J.D. from Columbia Law School in 2009 and a B.A. in economics from Yale University in 2006.

About Wilson Sonsini Goodrich & Rosati

For more than 60 years, Wilson Sonsini’s services and legal disciplines have focused on serving the principal challenges faced by the management and boards of directors of business enterprises. The firm is nationally recognized as a leading provider to growing and established clients seeking legal counsel to complete sophisticated corporate and technology transactions; manage governance and enterprise-scale matters; assist with intellectual property development, protection, and IP-driven transactions; represent them in contested disputes; and/or advise them on antitrust or other regulatory matters. With deep roots in Silicon Valley, Wilson Sonsini has 19 offices in technology and business hubs worldwide. For more information, please visit www.wsgr.com . Contacts

Wayne Kessler Baretz+Brunelle +1 732.239.9710 (Mobile) wkessler@baretzbrunelle.com

Bitwave Closes $15 Million Series A Funding Round Led by Hack VC and Blockchain Capital



The Funds Will Contribute to the Launch of Bitwave Institutional, an Accounting and Compliance Platform for Financial Services Firms Using Digital Assets

SAN FRANCISCO--(BUSINESS WIRE)-- Bitwave , the first enterprise-focused digital asset finance platform designed to manage the intersection of cryptocurrency tax, accounting, and compliance, today announced that it has closed a $15 million Series A funding round led by Hack VC and Blockchain Capital, with participation by SignalFire, Valor Equity Partners, Arca, Pulsar Trading, and Alumni Ventures Blockchain Fund.

This funding follows remarkable market traction with leading digital asset native and Fortune 500 customers such as OpenSea , Compound, and Polygon. The new funding will support the launch of their newest product, Bitwave Institutional, targeted to custodians, exchanges, financial institutions, wealth managers, and other organizations exposed to the enormous risk, regulatory, and control complexities around holding, managing, and investing users’ digital assets.

Bitwave Institutional is a set of processes, controls, and technology designed to bring trust into the new digital asset financial system. It holistically addresses the complex process, audit, accounting, tax, and reporting needs of sophisticated financial organizations that custody, trade, and use digital assets. The solution builds directly on Bitwave’s flagship enterprise product, which enables digital asset accounting, tax, bookkeeping, invoicing, and more for businesses, but with additional features such as segregated balance sheet tracking, internal and external system reconciliations, and proof of liability and reserve publishing.

Pat White, CEO and Co-Founder of Bitwave, said, “We are thrilled to work with Hack VC, Blockchain Capital, SignalFire, and our other new investors to drive the next stage of growth for Bitwave. Despite an interesting economic environment, Bitwave continues to scale by focusing on the hardest problems in the digital asset economy – the accounting, compliance, and trust building that our industry must adopt as we mature. Bitwave empowers pioneering digital asset accounting teams to seamlessly manage the accounting and compliance needs surrounding digital assets on their balance sheets.”

Bitwave’s COO and Co-Founder Amy Kalnoki added, “Enterprise adoption of digital assets is at an inflection point - between recent FASB reports and a friendlier ESG environment after The Merge, companies can finally move to embrace digital assets with the support of their CFO, board, and product teams. This funding round provides further evidence of the strength of our technology and speaks to how Bitwave has become a critical piece of infrastructure for businesses that adopt digital assets.”

Ed Roman, Managing Partner of Hack VC, said, “We evaluated the ecosystem of institutional-grade solutions, and determined that Bitwave was by far the market leader. We selected them to be the vendor we use for our own digital asset accounting software. Bitwave’s best-in-class solutions, strong leadership, and impressive growth made this investment a no-brainer for us. We look forward to working with Pat, Amy, and their team to help Bitwave achieve its full potential.”

Spencer Bogart, General Partner at Blockchain Capital, said, “As enterprise adoption of crypto and other digital assets continues to grow, Bitwave is positioned to serve as a foundational piece of the on-chain economy. Pat and Amy have a powerful and compelling vision for the company, and Blockchain Capital is pleased to support them as they continue to scale the business. We trust in their leadership, vision and proven acumen in both enterprise software and digital assets. We believe this team is truly unique in occupying the intersection of enterprise software leadership, digital assets knowledge and accounting expertise.”

Wayne Hu, Venture Partner at SignalFire, said, “Bitwave has already achieved exceptional results, with a top-tier client roster, market-leading technology and a talent for execution. We believe that their growth is just beginning, and they are poised to serve a rapidly expanding universe of custodians, financial services firms, enterprises, and more.” Additional financial terms of the transaction were not disclosed.

Find more information about Bitwave at www.bitwave.io .

For more information about Bitwave Institutional visit www.bitwave.io/institutional .

About Bitwave

Bitwave is the first enterprise-focused digital asset finance platform designed to manage the intersection of tax, accounting, and compliance for cryptocurrency , DeFi , and NFTs . Bitwave is purpose-built to help finance and accounting professionals mitigate the challenges of operating with digital assets with robust functionality, including everything from bookkeeping to AR/AP, bill pay , treasury management, and more. The firm was founded in 2018 by technology entrepreneurs Pat White and Amy Kalnoki and is based in San Francisco, CA. To learn more,

visit bitwave.io Contacts

Chris Clemens KCD PR Bitwave@kcdpr.com 801-824-0032

Wave Financial Hires Harumi Urata-Thompson As Chief Financial Officer





LOS ANGELES--(BUSINESS WIRE)-- Wave Financial LLC (Wave), the SEC-regulated digital asset investment management company, today announced the appointment of Harumi Urata-Thompson as Chief Financial Officer. She will report to David Siemer, Chief Executive Officer, and is based in New York City.

As Chief Financial Officer, Harumi will play an important role in advancing Wave’s financial strategy and expanding its infrastructure to support the firm’s growing and increasingly sophisticated client base. She will be responsible for building out Wave’s financial operations infrastructure and back office solutions to better service the team’s institutional and high-net-worth clients.

“With extensive experience leading teams across both the traditional finance and digital asset sectors, Harumi is well-equipped to provide our team with the immediate strategic insights needed to optimize our financial operations,” said David Siemer. “She is a fantastic addition to our team as we continue to strengthen our position as one of the leading digital asset managers and to deliver sophisticated financial services to our clients.”

Harumi joins Wave with nearly thirty years as an experienced, CFA-certified financial officer and business strategist across both the traditional finance and cryptocurrency industries. Most recently, she served as Chief Financial Officer of Emrit, a distributed blockchain infrastructure provider. Previously, she served as Chief Financial Officer and Chief Investment Officer at the Celsius Network, where she oversaw significant growth of the company between February 2020 and November 2021. Prior to joining the team at Celsius, she held multiple senior-level positions at notable firms such as Thomas Reuters, Morgan Stanley, and Citigroup. Harumi began her work in the blockchain industry in 2017 with the founding of cybersecurity and blockchain-specific consulting agency, HUT Consulting LLC.

“Wave’s leadership team has established the company as a notable digital asset management firm in a short period of time,” said Harumi. “As investors' demand for more sophisticated and secure portfolio management services continues to grow, I look forward to further establishing Wave as among the leading investment management firms in Web3.0.”

Wave Financial is an SEC-registered digital asset wealth investment adviser and private fund manager, offering sophisticated investment services to high-net-worth individuals, crypto corporate entities, and institutional investors. Since launching in 2018, Wave has accumulated over $1 billion in assets under management (AUM), expanding its offerings to include a full-service wealth management platform and a suite of in-house crypto investment funds.

About Wave Financial Wave Financial LLC (Wave) is a Los Angeles based Crypto investment advisory company that provides institutional and private wealth digital asset management solutions. Led by a team of highly experienced financial services professionals, Wave provides crypto investment solutions with a focus on yield generation through investable funds as well as managed accounts for HNWIs and family offices seeking tailored digital asset exposure, bespoke treasury management services and early-stage venture capital and strategic consultation to the digital asset ecosystem. Wave is registered with the US Securities & Exchange Commission as an investment adviser, CRD# 305726.

Website: https://www.wavegp.com/ Twitter: https://twitter.com/wave_financial Linked: https://www.linkedin.com/company/wave-financial/ Contacts

US Jon Brubaker Wachsman Email: wave@wachsman.com

UK and Europe Angus Campbell Nominis Advisory Email: angus@nominis.co

Mindtickle Partners with Tech Mahindra to Enhance Sales Effectiveness for Enterprise Customers



New unified, tech-enabled platform leverages AI, machine learning, advanced analytics, and more to address end-to-end employee readiness challenges

SAN FRANCISCO--(BUSINESS WIRE)-- Mindtickle , the global leader in sales enablement and training technology, today announced a strategic partnership with Tech Mahindra , a leading provider of digital transformation, consulting, and business re-engineering services & solutions. The collaboration will provide clients with a unified, tech-enabled platform to enhance sales effectiveness.

Tapping the unique expertise of both companies, the strategic relationship will offer clients a solution for end-to-end sales enablement challenges such as sales onboarding, new product launches, competency benchmarking, upskilling and more. This partnership will aim to ensure increased revenue, customer satisfaction, employee productivity, and retention across every customer-facing function including contact center and support operations.

Birendra Sen, Head of Business Process Services at Tech Mahindra , said, “In partnership with Mindtickle, Tech Mahindra will deliver innovative sales readiness managed services to enhance sales effectiveness. We are helping customers solve problems with sales onboarding, product launches, competency gauging, upskilling, and more. All of these things will have a positive effect on call revenue, net promoter scores, and client service costs. Under Tech Mahindra’s NXT.NOW™ framework, this partnership will focus on leveraging next-generation technologies to deliver disruptive solutions today, further enable digital transformation, and meet the evolving and dynamic needs of our customers.”

Mindtickle’s sales enablement, conversational intelligence, content management, and sales coaching solutions, coupled with Tech Mahindra’s track record of success in delivering best-in-class connected customer-centric information technology experience, will help clients achieve differentiated business outcomes. The joint solution will modernize sales enablement, leveraging conversational AI, gamification, and skills-based learning to improve efficiency and drive results for sales leaders, enablement, and revenue operations teams as well as other functions across the enterprise. The joint solution is expected to be of considerable value to companies in industries such as high tech, life sciences, financial services, communication, media, and entertainment.

Gopkiran Rao, Chief Strategy Officer, Mindtickle, said, “ We're pleased to partner with Tech Mahindra and are confident its formidable portfolio of integrated solutions, analytics, process consulting, and outsourced operations will be of significant value to our global customers across industry verticals. The Mindtickle team is excited to create a significant impact on front-office effectiveness in these organizations.”

Together, Mindtickle and Tech Mahindra will provide organizations with industry blueprints for different functional areas and powerful capabilities that span change management, technology, and process management, business analytics, and reporting. Joint solutions will include rapid-start program templates for onboarding, training, and AI-driven field coaching. Collectively, these capabilities will accelerate the speed to competency for employees, reducing expenses and boosting the bottom line.

About Tech Mahindra Tech Mahindra offers innovative and customer-centric digital experiences, enabling enterprises, associates and the society to Rise. We are a USD 6 billion organization with 163,000+ professionals across 90 countries helping 1279 global customers, including Fortune 500 companies. We are focused on leveraging next-generation technologies including 5G, Blockchain, Metaverse, Quantum Computing, Cybersecurity, Artificial Intelligence, and more, to enable end-to-end digital transformation for global customers. Tech Mahindra is the only Indian company in the world to receive the HRH The Prince of Wales’ Terra Carta Seal for its commitment to creating a sustainable future. We are the fastest growing brand in ‘brand strength’ and amongst the top 7 IT brands globally. With the NXT.NOW™ framework, Tech Mahindra aims to enhance ‘Human Centric Experience’ for our ecosystem and drive collaborative disruption with synergies arising from a robust portfolio of companies. Tech Mahindra aims at delivering tomorrow’s experiences today and believes that the ‘Future is Now’.

We are part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Connect with us on www.techmahindra.com

About Mindtickle Mindtickle is the market-leading sales readiness platform, helping revenue leaders at world-class companies like Johnson & Johnson, Splunk, and Wipro be ready to grow revenue by increasing knowledge, understanding ideal sales behaviors, and adapting to change. Dozens of Fortune 500 and Forbes Global 2000 companies use Mindtickle to define excellence, build knowledge, align content, analyze performance and optimize behavior throughout their sales organizations. Mindtickle is recognized as a market leader by top industry analysts and is ranked by G2 as both the #2 enterprise software product and #5 sales software product. Visit www.mindtickle.com or find us on LinkedIn to learn more. Contacts

For more information on Tech Mahindra, please contact: Abhilasha Gupta, Global Corporate Communications and Public Affairs Email: Abhilasha.Gupta@TechMahindra.com media.relations@techmahindra.com

Media: Public Relations at Mindtickle mindtickle@sourcecodecomms.com

Bakkt to Participate in Fireside Chat with Water Tower Research





ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will participate in a fireside chat with Water Tower Research LLC. The chat will be attended by Gavin Michael (President and Chief Executive Officer), Karen Alexander (Chief Financial Officer), and Dan O’Prey (Chief Product Officer, Bitcoin & Crypto) on December 15, at 1:00 PM ET.

Interested parties can listen to a live audio webcast of the chat from the investor relations section of the company’s website at www.bakkt.com . Replays of the webcast will also be available after the event.

About Bakkt

Bakkt is a digital asset platform that unlocks crypto and drives loyalty to create delightful, connected experiences for a broad range of clients. Bakkt’s platform, available through partners, delivers access to crypto and bolsters loyalty programs, adding value for all key stakeholders within the Bakkt digital assets ecosystem. Launched in 2018, Bakkt is headquartered in Alpharetta, GA. For more information, visit: https://www.bakkt.com/ | Twitter @Bakkt | LinkedIn https://www.linkedin.com/company/bakkt/ .

Bakkt-C Contacts

Investor Relations Ann DeVries, Head of Investor Relations Ann.DeVries@bakkt.com

Media Lauren Post, Head of Communications Lauren.Post@bakkt.com

MSCI 2023 ESG & Climate Trends to Watch Report Identifies New Risk Landscape for Investors



Report highlights how geopolitical and economic change, regulation, and technological innovation could shape ESG and climate finance

NEW YORK--(BUSINESS WIRE)--Rising geopolitical tensions, soaring inflation, and regulatory change underpin MSCI’s 11 th annual ESG & Climate Trends to Watch report – an analysis of more than 30 emerging risks set to impact corporations and investors worldwide in 2023 and beyond.

Powered by research conducted by MSCI ESG Research analysts worldwide, the MSCI 2023 ESG & Climate Trends to Watch report highlights how global debates about what ESG and climate investing is now will impact what ESG and climate investing could be in 2023. The expanse of emerging ESG and climate issues will increase the number of financial risk considerations for both companies and institutional investors, such as pension funds, sovereign wealth funds, endowments, and asset managers.

Key themes covered in the 2023 list of 32 ESG and climate investing trends include: Innovations in the supply chain , including the prospects of tracking goods through blockchain technology and the mining of e-waste that could reshape the dynamics of controversial raw material sourcing; Changing governance , with exploration of how new corporate board demographics could play a role in say-on-climate and other proxy voting trends; Responses to regulation , including tangible impacts of new rules on asset managers, institutional investors, and corporations; Work life changes , such as the proliferation of railroad strikes and labor rights movements globally; New frontiers in measurement and transparency , with insurers and banks set to expand scope of emissions tracking; Emergence of new investments , ranging from lab-grown commodities to carbon as an asset class; And turning points for ESG assets, including green bonds and nuclear energy.

ESG and climate investing were thrust into new spotlights in 2022. Global regulators introduced rule proposals aiming to reduce greenwashing in the fund industry, in addition to introducing requirements for financial institutions to conduct climate stress tests, deforestation-free market-access rules, and potentially mandatory requirements to report on the Sustainable Finance Disclosure Regulation (SFDR)’s Principle Adverse Impact indicators. ​At the same time, politicians increasingly amplified partisan views on the concept of ESG.

With 2022 policymaker debates in backdrop, investors will also continue to evaluate how the climate crisis will impact their portfolios in 2023. The latest MSCI Net-Zero Tracker shows that listed companies will deplete their share of the global emissions budget for limiting temperature rise to 1.5°C by December 2026 i .

For example, researchers explained in the ESG & Climate Trends to Watch report that the ongoing war in Ukraine and record levels of inflation globally may limit near-term pressure to reduce global greenhouse-gas emissions as governments prioritize energy security and affordability. However, MSCI ESG data reveals that major power companies are keeping their eyes on longer-term decarbonization trends and expanding deployment of renewables.

Meggin Thwing Eastman, Managing Director and Global ESG Editorial Director at MSCI, said : “ Just as the world started to recover from the global pandemic at the start of 2022, it was hit with a series of climate disasters, a major war in Europe, spiraling inflation globally, and a cost-of-living crisis. Our annual ESG & Climate Trends to Watch report examines how these significant geopolitical and macro risks will transform the ways in which investors evaluate the impact that companies in their portfolios have on society and their bottom line. ESG risk is financial risk, and the ESG and climate research showcased in today’s report was conducted to support investor needs to synthesize previously unseen risks and incentivize companies to better manage both emerging issues and the longstanding, expansive threat of the climate crisis.”

About MSCI Inc.

MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data, and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process.

About MSCI ESG Research Products and Services

MSCI ESG Research products and services are provided by MSCI ESG Research LLC, and are designed to provide in-depth research, ratings and analysis of environmental, social and governance related business practices to companies worldwide. ESG ratings, data and analysis from MSCI ESG Research LLC. are also used in the construction of the MSCI ESG Indexes. MSCI ESG Research LLC is a Registered Investment Adviser under the Investment Advisers Act of 1940 and a subsidiary of MSCI Inc.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or performance and involve risks that may cause actual results or performance differ materially and you should not place undue reliance on them. Risks that could affect results or performance are in MSCI’s Annual Report on Form 10-K for the most recent fiscal year ended on December 31 that is filed with the SEC. MSCI does not undertake to update any forward-looking statements. No information herein constitutes investment advice or should be relied on as such. MSCI grants no right or license to use its products or services without an appropriate license. MSCI MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE WITH RESPECT TO THE INFORMATION HEREIN AND DISCLAIMS ALL LIABILITY TO THE MAXIMUM EXTENT PERMITTED BY LAW.

MSCI ESG Research LLC is a Registered Investment Adviser under the Investment Advisers Act of 1940 and a subsidiary of MSCI Inc. Except with respect to any applicable products or services from MSCI ESG Research, neither MSCI nor any of its products or services recommends, endorses, approves or otherwise expresses any opinion regarding any issuer, securities, financial products or instruments or trading strategies and MSCI’s products or services are not intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Issuers mentioned or included in any MSCI ESG Research materials may include MSCI Inc., clients of MSCI or suppliers to MSCI, and may also purchase research or other products or services from MSCI ESG Research. MSCI ESG Research materials, including materials utilized in any MSCI ESG Indexes or other products, have not been submitted to, nor received approval from, the United States Securities and Exchange Commission or any other regulatory body.

i The calculation in the October edition of the MSCI Net-Zero Tracker reflects listed companies’ share of the global budget for limiting the rise in average temperatures to 1.5°C, as of Aug. 31, 2022. Contacts

Media Inquiries PR@msci.com Sam Wang +1 212 804 5244 Melanie Blanco +1 212 981 1049 Julie Mansmann +1 917 815 6375 Calum MacDougall +44 7876 836 759 Tina Tan +852 2844 9320

MSCI Global Client Services EMEA Client Service + 44 20 7618.2222 Americas Client Service +1 888 588 4567 (toll free) Asia Pacific Client Service + 852 2844 9333

Asahi Kasei participates in investment in Circularise B.V. of the Netherlands





NEW YORK & TOKYO--(BUSINESS WIRE)-- #asahikasei --Asahi Kasei, a diversified Japanese multinational company, has decided to invest in Circularise B.V., a startup company in the Netherlands that provides digital product passports and mass balance bookkeeping software, together with Brightlands Venture Partners, 4impact capital, and Neste, in November 2022.

Circularise is a startup company founded in 2016 aiming to accelerate the shift towards a circular economy through supply chain traceability and transparency. Circularise has developed a highly reliable supply chain management system that achieves both anonymity and transparency based on Smart Questioning 1 technology utilizing Zero-Knowledge Proofs 2 with a blockchain. By using these technologies, various information such as raw materials, recycling history, biomass and recycling content, carbon footprint, third-party certification, etc. can be traced through the supply chain while maintaining the confidentiality of each stakeholder's information.

The Asahi Kasei Group expects to contribute to a carbon neutral and sustainable world by joining the establishment of a digital platform ensuring reliability and transparency in the supply chain through its investment in Circularise, in accordance with its medium-term management plan focused on the theme “Be a Trailblazer.”

1 Smart Questioning: Circularise’s patent-pending method of using Zero-Knowledge Proofs (ZKP) to share essential and useful insights into product and material information throughout a supply chain over a public blockchain without sharing any specific data.

2 Zero-Knowledge Proofs (ZKP): a form of perfectly hiding encryption that allows sharing of useful insights into information without sharing any specific data. ZKPs can be used to share insight into the environmental impact of a product or material without sharing any specific data on the composition or manufacturing processes of a product.

About Circularise B.V. Location Wilhelmina van Pruisenweg 35, 2595 AN, Den Haag, Netherlands Founders Mesbah Sabur and Jordi de Vos Establishment July 2016 Operations Providing a traceability platform in supply chains utilizing a blockchain, with digital product passports and mass balance bookkeeping software Website https://www.circularise.com/

About Asahi Kasei

The Asahi Kasei Group contributes to life and living for people around the world. Since its foundation in 1922 with ammonia and cellulose fiber businesses, Asahi Kasei has consistently grown through the proactive transformation of its business portfolio to meet the evolving needs of every age. With more than 46,000 employees around the world, the company contributes to a sustainable society by providing solutions to the world's challenges through its three business sectors of Material, Homes, and Health Care. Its Material sector, comprised of Environmental Solutions, Mobility & Industrial, and Life Innovation, includes a wide array of products, from battery separators and biodegradable textiles to engineering plastics and sound solutions. For more information, visit https://www.asahi-kasei.com/ .

Asahi Kasei is also dedicated to sustainability initiatives and is contributing to reaching a carbon-neutral society by 2050. To learn more, visit https://www.asahi-kasei.com/sustainability/ . Contacts

Company Contact North America: Asahi Kasei America, Inc. Jon Todd 39475 W. Thirteen Mile Road, Suite 201, Novi, MI 48377 E-mail: AKA-info@ak-america.com Company Contact Europe: Asahi Kasei Europe GmbH Sebastian Schmidt Fringsstrasse 17, 40221 Düsseldorf Tel: +49 (0) 211-3399-2058 E-mail: sebastian.schmidt@asahi-kasei.eu

White River Energy and BitNile Holdings’ Subsidiary, Ault Energy, Announce Results from Recently Completed Drilling Project in Holmes County, MS





Ault Energy has made commitment to participate in White River’s next drilling project which is currently underway

The partnership expects to jointly drill approximately 100 oil wells over the next five years

LAS VEGAS & FAYETTEVILLE, Ark.--(BUSINESS WIRE)-- $AP #100_oil_wells -- BitNile Holdings, Inc. (“ BitNile ”) (NYSE American: NILE) and White River Energy Corp (“ White River ”) (OTCQB: WTRV), today announced that the successful drilling project by Ault Energy, LLC (“ Ault Energy ”), a wholly owned subsidiary of BitNile, and White River Operating LLC (“ WRO ”), a wholly owned subsidiary of White River, has begun producing at a rate of 78 flowing barrels of oil per day ( “BOPD” ). The Harry O’Neal 20-9 No. 1 (the “ O’Neal No. 1 Well ”) is currently producing from the Smackover formation.

BitNile acquired a forty percent (40%) working interest in the O’Neal No. 1 Well, which is the first project in an expected long-term partnership between White River and BitNile, which was previously announced in July 2022 with the intention to drill approximately 100 oil wells over five years. Additionally, Ault Energy has committed to acquire a thirty-seven and one half (37.5%) working interest in the Peabody AMI 12 A No. 18 (the “ Peabody No. 18 Well ”) drilling project in the Coochie field, Concordia Parish, Louisiana. The Peabody No. 18 Well is a 14,000-foot-deep vertical test well with potential pay zones in the Frio, Wilcox, Lower Tuscaloosa, Austin Chalk, and Tuscaloosa Marine Shale ( “TMS” ) formations. WRO has currently drilled to a depth of 5,000 feet and expects to reach the total depth in mid-December. The Peabody No. 18 Well has already had significant oil shows logged in the Frio formation between the depths of 2,970 feet and 3,043 feet. Based on these early indications, WRO believes that this drilling project will result in a commercial oil well and several shallow Frio developmental drilling opportunities.

“We are very pleased with the production results from the O’Neal No. 1 Well and the early indications from the Peabody No. 18 Well,” stated Randy May, Executive Chairman of White River. “We recently successfully completed a formation integrity test on the Peabody No. 18 Well to ensure that the well has the ability to withstand higher pressure zones we expect in the Austin Chalk and TMS formations, as we anticipate potentially oil and gas shows at the lowest depths of the well.”

BitNile Founder and Executive Chairman Milton “Todd” Ault, III, who also serves as the Manager of Ault Energy, stated, “We are happy with the BOPD results of the O’Neal No. 1 Well. We are also very encouraged about the initial results being reported on our second drilling project with White River and are looking forward to viewing the well log after the drilling project has been completed.”

About BitNile Holdings, Inc.

BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com .

About White River Energy Corp

White River is a vertically integrated oil and gas exploration and production company. White River is engaged in oil and gas exploration, production, and drilling operations on over 30,000 cumulative acres of active mineral leases in Louisiana and Mississippi.

Cautionary Note Regarding 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, including statements regarding the completion of the O’Neal No. 1 Well and its prospects, the plan to drill up to 100 wells and White River’s near-term drilling plans in Louisiana and Mississippi. 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 neither BitNile nor White River undertakes any obligation to update any of these statements 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. In addition to risks relating to the continuation of high oil prices, enhanced federal regulation of oil and gas drilling mining and efforts led by the federal and certain state governments to favor electric vehicles and eliminate fossil fuel vehicles, investors should review risk factors, that could affect either or both of BitNile’s and White River’s respective businesses and financial results which are included in BitNile’s and White River’s respective filings with the U.S. Securities and Exchange Commission, including, but not limited to, their respective Forms 10-K, 10-Q and 8-K, particularly the Risk Factors contained in White River’s quarterly report on Form 10-Q for the quarter ended September 30, 2022, as filed with the Securities and Exchange Commission on November 14, 2022. All such filings are available at www.sec.gov and on the companies’ websites at www.BitNile.com and https://white-river.com , respectively. Contacts

BitNile Investor Relations Contact: IR@BitNile.com or 1-888-753-2235

White River Investor Relations Contact: IR@white-river.com or 1-800-203-5610

BEX Mauritius Block Exchange Receives the World’s First Ever Security Token Trading License from the Financial Services Commission (FSC) Mauritius





EBÈNE CITY, Mauritius--(BUSINESS WIRE)--BEX Mauritius Block Exchange (“BEX”) announced today that the Financial Services Commission (“FSC”) Mauritius has granted its first-ever Securities Trading Systems License under the Mauritius Securities Act of 2005 to BEX to operate a security token trading platform. BEX Mauritius Block Exchange is the world's first regulated operational security token trading platform that provides retail users and corporate issuers from around the world with 24/7 direct access to security token trading without intermediaries.

Chairman and Chief Executive Officer Pascal Niedermann states: “This Securities Trading Systems License granted to BEX is a game changer for us and for the participants in the global capital markets. It allows unprecedented and unparalleled cross-border access to capital and innovations. Companies in any industry, including technology, finance, and entertainment, will now have new ways to capitalize on their achievements by directly offering their digital shares to anybody interested in buying and selling such digital shares. We are excited to be part of a necessary ground-breaking transition of the global capital markets into the next chapter of a digital age that has to become inclusive, accessible to anybody, driven by speed, simplicity, security, and transparency.”

BEX Mauritius Block Exchange provides corporate issuers a fast, cost-effective, and unbureaucratic way to tokenize traditional securities, make them tradable on BEX as digital securities, and offer them to investors in the international capital markets. Once listed on BEX, issuers’ digital securities are traded as blockshares directly between sellers and buyers. BEX offers an effective way for any company, including medium-, small-, and micro-cap businesses, to raise capital internationally without the costly involvement of financial intermediaries. BEX-listed digital securities are accessible to any holder of a BEX Trading Account. Retail users from around the world can open a BEX Trading Account in less than 1 minute. In a high-security investment environment, trading takes place 24/7 on blockchain technology in a simple, secure, and transparent manner. Every single transaction can be traced. The BEX security token trading platform's beta version is now available at www.bex.global . The launch of the fully state-of-the-art Ethereum-based BEX security token trading platform is scheduled for 2023.

BEX is currently moving its headquarters to Cyber City, Republic of Mauritius. The appointment of the latest members of the BEX executive team will be announced in January 2023.

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About BEX:

BEX Mauritius Block Exchange (“BEX”), with company registration number C187066, is regulated by the Financial Services Commission (“FSC”) Mauritius. BEX is the world's first regulated operational security token trading platform that provides retail users and corporate issuers from around the world with 24/7 direct access to security token trading without intermediaries. Simple, secure, transparent. BEX offers the tokenization of traditional securities, the listing and the trading of security tokens, available to any holder of a BEX Trading Account. Open your BEX Trading Account in less than 1 minute at www.bex.global/registration .

About FSC:

Financial Services Commission (“FSC”) Mauritius is the integrated regulator of the Republic of Mauritius for the non-bank financial services sector and global business. Established in 2001, the FSC is mandated under the Financial Services Act 2007 and has as enabling legislations the Securities Act 2005, the Insurance Act 2005, the Private Pension Schemes Act 2012, and the Virtual Asset and Initial Token Offering Services Act 2021 to license, regulate, monitor, and supervise the conduct of business activities in these sectors. The Republic of Mauritius is also a full member of the International Organization of Securities Commissions (IOSCO), the international body that brings together the world’s securities regulators and is recognized as the global standard setter for the securities sector. It works intensively with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda and to address emerging financial vulnerabilities affecting global financial stability. Contacts

media@bex.global

OrBit Markets Launches Staking Yield Swaps





SINGAPORE--(BUSINESS WIRE)-- #crypto --OrBit Markets, the leading institutional liquidity provider in digital asset options and structured products, has launched an innovative product allowing stakers to swap their variable staking rewards into a guaranteed fixed rate. The product was first designed in response to a request from Ribbon Finance, who has been pioneering innovation in decentralized structured products.

As the Ethereum blockchain transitions from Proof-of-Work to Proof-of-Stake, staking has become increasingly popular as a simple way to earn passive yields on digital assets, but those yields vary continuously depending on the network usage and other factors, making it difficult for users to predict returns. While interest rate swaps are widely used in traditional finance, equivalent products have yet to become commonplace in digital assets.

Leveraging its strong expertise in derivatives, OrBit now offers a new customized solution to enable stakers to convert these variable rewards into a fixed rate if they prefer to have certainty over the yield. OrBit has already executed a number of transactions linked to the Ethereum staking yield earnt in Lido, the most-used liquid staking protocol, and is further expanding its capabilities to other chains and protocols.

Commenting on the benefit of the product, Julian Koh, founder and CEO at Ribbon Finance, said " Ribbon strives to offer its users sustainable yield through decentralized finance products. With its ability to offer staking yield swaps, OrBit has delivered for us a critical building block for our new R-Earn stETH strategy. We look forward to continuing to partner with OrBit to develop more innovative products."

For more information about Staking Yield Swaps, email info@orbitmarkets.io .

About OrBit Markets:

OrBit Markets is an institutional liquidity provider of options and structured products in digital assets. Founded by a team of former executives in trading and computer science, and backed by Matrixport and Brevan Howard Digital, OrBit brings its expert know-how in options to the crypto derivatives market. Headquartered in Singapore, OrBit serves institutions across CeFi, DeFi and TradFi looking for more sophisticated investing and hedging solutions in digital assets. For more information, visit orbitmarkets.io .

About Ribbon Finance:

Ribbon Finance is a suite of DeFi protocols that help users access crypto structured products. By combining derivatives, lending and a proprietary on-chain options exchange (Aevo), Ribbon aims to be the one-stop solution for users who want to improve a portfolio's risk-return profile. For more information, visit ribbon.finance . Contacts

Media Contact for OrBit: Jimmy jimmy@orbitmarkets.io

Media Contact for Ribbon: Jeremy jeremy@ribbon.finance

Best’s Commentary: Corporate Governance Lessons for Insurers in the Wake of the Failure of FTX





SINGAPORE--(BUSINESS WIRE)--The collapse of the cryptocurrency exchange FTX highlights the importance of effective corporate governance, according to a new AM Best commentary.

The Best’s Commentary , “Corporate Governance Lessons for Insurers in the Wake of the Failure of FTX,” notes that although FTX is not an insurance company, the series of events leading to its collapse should nonetheless provide a sobering warning for the insurance industry. AM Best typically takes a favourable view of an insurance company enterprise risk management (ERM) frameworks, which incorporate lessons learned from recent events and emerging issues. Equally, AM Best expects insurers with strong governance practices to be better able to manage risks.

The commentary notes that FTX surprisingly did not have a board of directors. “An experienced, informed and independent board is vital for effective governance practices, to ensure insurance companies are run and challenged in an appropriate way,” said Michael Dunckley, director, analytics, AM Best. “As part of its ratings process, AM Best seeks to assess the substance of an insurer’s governance, as well as its stated policies. The board should be able to effectively hold senior management to account and ensure that stakeholders’ interests are protected.”

FTX’s revenue grew massively by more than 1,000% during 2021. For insurance companies, although high premium growth may not always be a danger sign, rapid growth can be an indication that an insurance company has underpriced business to gain market share or has expanded into an unfamiliar product line – both of which may lead to underwriting losses. Such high growth can be a result of poor strategic decisions associated with weak corporate governance.

Ultimately, the commentary states, FTX suffered from a concentration of power in the hands of a single individual, combined with a lack of experience amongst its senior management team. A lack of transparency with external parties in terms of financial reporting or making misleading public statements is a powerful indicator of poor corporate governance and can precede a substantial decline in a company’s financial strength.

AM Best incorporates an assessment of regulatory environment into credit rating analysis, particularly through the assessment of country risk, and believes that well-developed and effective regulatory regimes put a strong focus on effective corporate governance.

To access the full copy of this commentary, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=326538 .

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com . Copyright © 2022 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED. Contacts

Michael Dunckley Director, Analytics +65 6303 5020 michael.dunckley@ambest.com

Christopher Sharkey Manager, Public Relations +1 908 439 2200, ext. 5159 christopher.sharkey@ambest.com

Al Slavin Communications Specialist +1 908 439 2200, ext. 5098 al.slavin@ambest.com

Kristin Simmons selected as debut featured artist for new NFT tool Alteon LaunchPad



The award-winning New York pop artist appeared at LaunchPad’s unveiling during BitBasel Miami, where she presented on the increasing importance of ownership in digital arts.

MIAMI--(BUSINESS WIRE)-- #NFT -- Kristin Simmons , the sassy social satirist whose provocative and hilarious style has earned her a reputation as one of New York’s hottest young artists, has been chosen to help kick off a groundbreaking new tool for creatives, Alteon LaunchPad .

Exclusively available for Opera Crypto Browser , Alteon LaunchPad lets creatives of all backgrounds mint NFTs instantly by dragging and dropping media files into their browser window. Users don’t need any special knowledge about Web3—Alteon LaunchPad was designed for everyone to explore the buzzy, burgeoning world of digital collectibles.

Simmons was commissioned to craft an original work to fill the wallpaper of Alteon LaunchPad upon its release in Q1 2023. Her piece blends various styles and influences, matching the eclectic style that’s made NFTs famous. In the future, the LaunchPad team will rotate out her art to spotlight a new content creator each month, building and celebrating an excited community of diverse Web3 creators.

Over the past year, she watched the NFT boom and bust cycle with skepticism, believing that true art relies deeply on its medium. But, as she explained onstage at BitBasel, once she learned more about the underlying technology, she became excited about the storytelling opportunities and agreed to create something unique to the digital landscape that could not be replicated elsewhere.

“I came from the advertising world, and the last thing I wanted to do was look at a screen when I got home to work on my own artwork,” Simmons said onstage, in front of an audience of several hundred people. “What helped me understand NFTs was realizing what digital art can do that a painting or print cannot do: it can change, it can move; being attached to the blockchain, you have a sense of security, providence and ownership that you didn’t have before.”

Also onstage during the special BitBasel event were Miami Mayor Francis Suarez; Matt Cimaglia, CEO of Alteon.io ; Susie Batt, crypto lead at Opera; Andrea Virgin, president of The Center for Arts & Innovation; and Samuel Armes, president of the Florida Blockchain Business Association.

Alteon LaunchPad will debut in January 2023. To download the Opera Crypto Browser, click here .

About Kristin Simmons

Kristin Simmons uses paint, printmaking and mixed media to provide a running commentary on herself and her contemporaries. Her work, which focuses on hedonistic pleasures—and in particular, the absolute pleasure of consumption— is as acerbic, provocative, and unapologetically clever as it is empathetic and vulnerable. She is the recipient of several prestigious awards, including the Orra White Hitchcock award, and the National Endowment of the Arts Award. Simmons received a dual Bachelor of Arts degree in Art History and Visual Arts from Columbia University. She has had six solo shows and has been featured in numerous group exhibitions, including at the 2016 Whitney Biennial at the Whitney Museum in New York. Contacts

info@kristinsimmonsart.com

Wilson Sonsini Goodrich & Rosati Elects 18 New Partners



– Wilson Sonsini’s partner-elect class includes six women and 12 men from the firm’s corporate, litigation, intellectual property, technology transactions, and regulatory departments –

PALO ALTO, Calif.--(BUSINESS WIRE)--Wilson Sonsini Goodrich & Rosati, the premier provider of legal services to technology, life sciences, and growth enterprises worldwide, today announced that the firm has elected 18 new partners from its attorney ranks. The promotions will be effective February 1, 2023.

“Our 2023 class of partners is remarkable in how closely it reflects our values and the strength of our business,” said Doug Clark , Wilson Sonsini’s managing partner. “These attorneys have accomplished much in their careers and showcase not only the deep expertise within our firm, but also our diversity—both of which help define us. We are excited to welcome this group as our newest class of partners and look forward to continuing to work with them to provide clients with the sophisticated legal services we are known for.”

The 2023 partners-elect are:

Lester Ang , Corporate. Based in Palo Alto, Ang represents start-up and late-stage private companies in matters ranging from incorporation and initial capitalization to venture capital, debt financing, and initial public offerings. He also represents public companies in securities offerings, M&A transactions, SEC reporting, and corporate governance matters. In addition, Ang advises investment banks, venture capital firms, and private equity firms. He received his J.D. from UC Davis School of Law.

Haley Bavasi , Privacy and Cybersecurity. Based in Seattle, Bavasi focuses primarily on advising digital health companies across a range of privacy, transactional, research, and healthcare regulatory issues. In particular, she leverages her expertise in the Health Insurance Portability and Accountability Act (HIPAA) to provide early-stage companies with practical day-to-day counseling, as well as to advise in the context of complex commercial transactions, M&A, and go-to-market strategy. She received her J.D. from UC Berkeley School of Law.

Robert Broderick , Corporate. Based in New York, Broderick practices corporate and securities law and focuses on start-ups and venture capital. He regularly works with high-profile technology companies, with an emphasis on capital raising through complex financings. He also provides advice with respect to corporate governance, strategic transactions, and day-to-day corporate matters. Broderick received his J.D. from Columbia Law School.

Jose Campos , Corporate. Based in London, Campos advises U.S. and European technology start-ups and scale-ups through all stages of their life cycles, including incorporation, venture capital financings, mergers and acquisitions, and other strategic transactions. Campos also supports investors that invest in technology companies. He is well-versed in assisting non-U.S. technology companies with their U.S. expansion plans and “flipping” them into U.S. holding companies. He received his J.D. from UC Hastings College of the Law.

Jonathan Chan , Corporate. Based in San Francisco and Palo Alto, Chan works in the emerging companies practice, and represents private technology companies and investors in formation, venture capital financings, and mergers and acquisitions. He focuses on representing companies and investors in the fintech, blockchain, and gaming sectors. Before joining the firm, Chan was a co-founder and COO of a venture-backed investment platform and previously served as a senior director of business development at Electronic Arts. He received his J.D. from Harvard Law School.

Andy Cordo , Litigation. Based in Wilmington, Cordo focuses on corporate governance litigation in the Delaware Court of Chancery. His experience includes representing stockholders, officers, and directors of Delaware corporations and alternative entities in appeals, disputes over corporate and alternative entity control, fiduciary duties and management, corporate appraisal actions, and contract and other commercial disputes. Cordo received his J.D. from the Pennsylvania State University Dickinson School of Law.

Elina Coss , Energy and Climate Solutions. Based in Seattle, Coss represents borrowers and sponsors in project and structured finance, acquisitions, and project development transactions, with a focus on financing cash flow streams from the renewable energy technology sector. Coss advises clients on complex asset-based financings at all levels of the capital stack, including joint ventures, construction, back-leverage and mezzanine financings, tax and cash equity financings, capital market securitizations, and forward flow financings. She also advises lenders, tax equity investors, private equity funds, and other investors in the renewable energy space. She received her J.D. from New York University School of Law.

Jake Gatof , Corporate. Based in Boston, Gatof represents life sciences and technology companies, as well as their sponsors, through all stages of growth and investment. He represents companies with respect to venture capital financings, corporate governance, mergers and acquisitions, and other complex strategic transactions. He also advises leading growth equity, venture capital, and other institutional sponsors. Gatof received his J.D. from the University of Michigan Law School.

Broderick Henry , Corporate. Based in Palo Alto, Henry focuses on mergers and acquisitions, divestitures, equity investments, and other strategic matters involving public and private companies. He primarily represents clients in the technology industry, but he has represented clients in a wide range of sectors, including aviation, financial services, consumer products, energy and infrastructure, security, and manufacturing. Henry received his J.D. from New York University School of Law.

Jocqui Kaup , Corporate. Working virtually in Washington, Kaup focuses on corporate and securities matters for emerging growth companies and venture capital and private equity firms in both equity and debt financing transactions and mergers and acquisitions. She also advises on strategic alliances, spinouts, recapitalizations, and other corporate reorganizations. Kaup represents private technology growth companies ranging from start-ups to late-stage enterprises, with an emphasis on larger private companies. She received her J.D. from the Benjamin N. Cardozo School of Law.

Megan Kayo , Privacy and Cybersecurity. Based in San Francisco, Kayo advises clients on information security and privacy issues under various laws and regulations, specializing in data breach response and mitigation. She has worked on hundreds of security incidents and acted as the lead counsel, directing the investigation, notifications, and responses to regulators and consumers in connection with global data breaches. Kayo received her J.D. from the University of Virginia School of Law.

Brendan Mahan , Mergers and Acquisitions. Based in Seattle, Mahan advises public and private companies on mergers and acquisitions, divestitures, minority and controlling investments, and other strategic transactions. His experience includes public and private mergers, tender offers, asset and stock purchases, and spin-off transactions, as well as financings and structured finance transactions, across North America, Asia, and Europe. He received his J.D. from Cornell Law School.

Chris McAndrew , Patents and Innovations. Based in Boston, Dr. McAndrew advises early-stage life sciences companies on intellectual property issues and helps clients develop and build a meaningful IP portfolio from inception through their exits. He specializes in representing companies within the complex life science biologics space, including antibodies and cell therapies. Dr. McAndrew was a patent agent at the firm before becoming an attorney. He received his J.D. from the George Washington University Law School.

Victor Nilsson , Corporate. Based in Seattle, Nilsson practices corporate and securities law with a focus on representing issuers, investment banks, and strategic investors on a broad range of capital markets transactions. These include IPOs and follow-on offerings, ADS offerings, ATMs, PIPEs, private placements, and convertible note offerings, as well as high-yield and investment-grade debt offerings. He also advises public companies on SEC reporting, securities law compliance, and corporate governance matters. Nilsson received his J.D. from the University of Arizona College of Law.

David Pirko , Technology Transactions. Based in Palo Alto, Pirko represents leading life sciences companies and venture capital investors in strategic transactional and corporate matters, including partnering and collaboration agreements, licensing agreements, services agreements, clinical trial agreements, manufacturing and supply agreements, and other complex matters. His practice extends from start-ups to public companies operating in all sectors of the life sciences industry. Pirko received his J.D. from Harvard Law School.

Deborah Smith , Patents and Innovations. Based in San Diego, Dr. Smith advises companies on IP strategy beginning from early platform development through commercialization. This includes venture capital, capital markets, and M&A transactions in the fields of chemistry, pharmaceuticals, and biotechnology. Dr. Smith specializes in advising clients that use platform technologies to bring new therapeutics to market. She received her J.D. from the University of San Diego School of Law.

Stephen Strain , Litigation. Based in Palo Alto, Strain is part of the firm’s complex litigation and investigations group. He focuses on representing clients in government and internal investigations, including matters involving allegations of insider trading, complex financial reporting and accounting fraud, violations of the FCPA, and disclosure violations, among others. Strain also frequently represents companies, as well as their officers and directors, in securities class actions, shareholder derivative suits, and related litigation matters. He received his J.D. from New York University School of Law.

Eva Yin , Regulatory. Based in Seattle, Dr. Yin is part of the firm’s FDA regulatory, healthcare, and consumer products practice. She focuses on conducting FDA and healthcare regulatory due diligence for corporate transactions; providing legal counsel to manufacturers regarding FDA approval/clearance for various products, including medical devices, mobile apps, and drugs; FDA compliance; regulation of promotional materials and labeling; and manufacturer compliance. Dr. Yin received her J.D. from UC Hastings College of the Law.

About Wilson Sonsini Goodrich & Rosati For more than 60 years, Wilson Sonsini’s services and legal disciplines have focused on serving the principal challenges faced by the management and boards of directors of business enterprises. The firm is nationally recognized as a leading provider to growing and established clients seeking legal counsel to complete sophisticated corporate and technology transactions; manage governance and enterprise-scale matters; assist with intellectual property development, protection, and IP-driven transactions; represent them in contested disputes; and/or advise them on antitrust or other regulatory matters. With deep roots in Silicon Valley, Wilson Sonsini has 19 offices in technology and business hubs worldwide. For more information, please visit www.wsgr.com . Contacts

Wayne Kessler Baretz+Brunelle +1 732.239.9710 (Mobile) wkessler@baretzbrunelle.com

Switzerland NFT Market Intelligence Report 2022: Market is Expected to Grow by 46.2% to Teach $323.1 Million in 2022 - Forecast to 2028 - ResearchAndMarkets.com





DUBLIN--(BUSINESS WIRE)--The "Switzerland NFT Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels - Q2 2022" report has been added to ResearchAndMarkets.com's offering.

NFT industry in Switzerland is expected to grow by 46.2% on an annual basis to reach US$323.1 million in 2022.

The NFT industry is expected to grow steadily over the forecast period, recording a CAGR of 32.6% during 2022-2028.

The NFT Spend Value in the country will increase from US$323.1 million in 2022 to reach US$1596.4 million by 2028.

Reasons to buy Based on data and analysis, develop country-level strategies. Identify investment opportunities in growth segments. Exceed competition by incorporating forecast data as well as market trends. Use the relationships between major data sets with valuable insights to improve strategy. Appropriate for providing accurate, high-quality data and analysis to support internal and external presentations.

Scope

Switzerland NFT Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028

Switzerland NFT Market Size and Forecast by Key Assets, 2019-2028 Collectibles and Art Real Estate Sports Gaming Utility Fashion & Luxury Other

Switzerland NFT Market Size and Forecast by Key NFT Collectible Assets, 2019-2028 Digital Art Music & Sound Clip Videos Memes & Gif Other

Switzerland NFT Market Size and Forecast by Currency, 2019-2028 Ethereum Solana Avalanche Polygon BSC Flow Wax Ronin Other

Switzerland NFT Market Size and Forecast by Sales Channels, 2019-2028 Primary Secondary

Switzerland User Statistics, 2019-2028

For more information about this report visit https://www.researchandmarkets.com/r/l3slll Contacts

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

KuCoin Engages Mazars to Conduct Third-Party PoR Verification Procedures





VICTORIA, Seychelles--(BUSINESS WIRE)--KuCoin, one of the largest exchanges worldwide, announced that it has engaged Mazars, a leading international audit, tax and advisory firm, to provide a third-party factual findings report.

Mazars will offer KuCoin’s customers and prospective customers additional transparency and reporting on whether their in-scope assets are collateralized. Furthermore, it will provide the details to showcase KuCoin’s proof of reserves and customer liability, respectively, which will also account for customers' main, trade, margin, robot, and contract accounts, etc. for BTC , ETH , USDT , and USDC .

Commenting on this Johnny Lyu, CEO of KuCoin: “As People’s Exchange, we place the safety and security of users' funds as its top most priority. This move is the next step in our efforts to provide transparency on our users’ funds, highlighting our commitment to transparency and strengthening industry trust. KuCoin has been committed to providing users with safe and easy-to-use platforms and products since day one, while making continuous progress in user protection, transparency, and risk control. It is a great pleasure to engage Mazars, a leading audit, tax and advisory firm, to provide users with a safe and credible platform during the turbulent period of the industry and to promote the development of the industry.”

“After recent events there is a dire need in the industry for additional transparency and we are confident that Mazars’ PoR service offering to KuCoin and other international cryptocurrency exchanges will aid in building trust through transparency,” said Wiehann Olivier, Partner and Digital Asset Lead.

The report will be issued on the KuCoin official website in a few weeks. Please follow the official channels for all latest updates.

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2Pfiat trading, futures trading, staking, and lending to its 27 million users in 207 countries and regions.

In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin one of the Best Crypto Exchanges in 2021. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts.

To find out more, visit https://www.kucoin.com . Contacts

Emma Haul media@kucoin.com

FIS Challenges Nearly 200 Startups to Pitch their Boldest Ideas in First APAC Fintech Competition





Key facts: FIS has expanded its InnovateIN48 fintech competition to startup fintech companies in the APAC region for the first time. The competition welcomed nearly 200 fintech companies from 11 APAC markets to develop and pitch their innovative ideas to FIS leaders. InnovateIN48-Partner Edition is an opportunity for FIS to use its strength to drive innovation throughout the APAC region and help early-stage fintechs develop their ideas and build a proof of concept.

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Global financial technology leader FIS ® (NYSE: FIS) today announced the expansion of its annual InnovateIN48 fintech competition to include early-stage fintech startups in the APAC region. Originally an employee-based innovation competition in 2013, FIS expanded the InnovateIN48 program to students in 2021 . InnovateIN48-Partner Edition is the first time the company has hosted an ideation competition for startups in the APAC region.

Open to early-stage APAC fintech startups with market-ready solutions, InnovateIN48-Partner Edition welcomed nearly 200 companies from 11 markets, including India, Singapore and Australia, to develop and pitch their innovative ideas to FIS leaders within a 48-hour window. Participants had the option to create standalone solutions or integrate their ideas with FIS technology to solve industry challenges – all under the 2022 themes of Data Innovation, Digital Assets, and AI in Fintech.

Keynote speaker Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore, and other speakers discussed current industry trends aligned with these themes, while registrants from 35 countries learned about FIS’ innovation ecosystem, products and APIs.

The event concluded with a demo day for presentations.

The InnovateIN48-Partner Edition finalists are: EdgeNeural – Provides a modular, fully-integrated workflow to easily train, optimize, deploy and manage AI neural networks. Finarkein – OpenData OS helps move data from siloed datasets to open access and from corporate ownership to end-user ownership. The solution unlocks economic, societal and governance benefits across sectors. IntelleWings – Created a screening database that checks all patterns of money laundering, terrorism, smuggling, drug trafficking and fraud from global sources. Koinearth – The company’s marketsN platform enables ESG compliance, supply chain finance and operations efficiency through secure data sharing in B2B ecosystems. LegitDoc – Offers a solution to help organizations issue tamper-proof digital documents that can be verified quickly from anywhere. Oriserve – An end-to-end provider of conversational, AI-powered chatbots designed to automate the customer experience. Payscript – Provides a cryptocurrency payment platform that allows consumers to buy, sell, swap and spend crypto through an easily accessible and secure wallet. Tathya Earth – Developing a platform to provide a near real-time dataset and insights on the commodities supply chain using satellite data. Yuva Pay – A neobank that fosters financial inclusion at a grassroots level.

Winners of the 2022 APAC competition will receive support from event partners and regulators , including a possible entry (subject to eligibility criteria) into the regulatory/innovation sandbox and fintech grants (as applicable) from IFSCA, which is a unified regulator regulating financial products and services in the specially created jurisdiction of IFSC in India. Those selected will also have potential opportunities to further develop their ideas and build a proof-of-concept through FIS initiatives such as FIS Impact Ventures , FIS Fintech Accelerator and FIS Alliance Network .

“ InnovateIN48 is in its tenth year at FIS and we’re thrilled to open the competition to startups in the APAC region, one of the fastest growing economies in the world,” said Vishad Gupta, Head of the Global Delivery Organization at FIS. “ Our goal is to engage early innovators who have new ideas with a lot of potential to help shape how the world pays, banks and invests. We’re so pleased to have worked with such a strong group of cohorts and congratulate all the finalists on their outstanding presentations.”

Learn more about FIS’ InnovateIN48-Partner Edition as well as InnovateIN48 .

About FIS

FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world’s economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, system performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500 ® and the Standard & Poor’s 500 ® Index. To learn more, visit www.fisglobal.com . Follow FIS on Facebook , LinkedIn and Twitter ( @FISGlobal ). Contacts

Kim Snider, 904.438.6278 Senior Vice President FIS Global Marketing and Communications kim.snider@fisglobal.com

OceanTech Acquisitions I Corp. Announces Stockholder Approval of Extension of Deadline to Complete Business Combination





NEW YORK--(BUSINESS WIRE)--On November 29, 2022, OceanTech Acquisitions I Corp. (the “Company” or “OceanTech”) (Nasdaq: OTEC/OTECU/OTECW), a special purpose acquisition company, announced that its stockholders have approved an extension of the date by which the Company must consummate a business combination from December 2, 2022 to June 2, 2023 (or such earlier date as determined by the Company’s board of directors) (the “Extension”) at the special meeting of stockholders held on November 29, 2022 (the “Special Meeting”). The Extension provides the Company with additional time to complete the previously announced proposed business combination (the “Transaction”) with Majic Wheels Corp., a Wyoming corporation.

The Company has deposited an amount equal to $0.067 per share for each public share or $125,000 (the “Extension Payment”) into the Company’s trust account for its public stockholders (the “Trust Account”), which enables the Company to further extend the period of time it has to consummate its initial business combination by one month from December 2, 2022, to January 2, 2023. This extension is the first of up to six monthly extensions permitted under the Certificate of Amendment to the Company’s Amended and Restated Certificate of Incorporation approved by our stockholders at the Special Meeting. The Company previously extended the period of time it has to consummate its initial business combination from June 2, 2022, to December 2, 2022.

Stockholders holding 8,477,497 shares of common stock of OceanTech exercised their right to redeem their shares for a pro rata portion of the funds in the Trust Account. As a result, approximately 87,541,321.66 (approximately $10.32 per share) will be removed from the Trust Account to pay such holders. Following the redemption, the Company’s remaining shares of common stock outstanding were 1,848,503. OceanTech has deposited into the Trust Account $125,000 for the initial extension period (commencing December 3, 2022, and ending January 2, 2022).

The Company also made an amendment to the Company’s investment management trust agreement (the “Trust Agreement”), dated as of May 27, 2021, by and between the Company and Continental Stock Transfer & Trust Company, allowing the Company to extend the business combination period from December 2, 2022, to June 2, 2023, and updating certain defined terms in the Trust Agreement.

Business Combination

On November 15, 2022, OceanTech entered into a definitive business combination agreement pursuant to which it would acquire Majic Wheels Corp., a Wyoming corporation (the “Target”). Upon the closing of the business combination, which is expected in the first quarter of 2023, the combined company will be named Majic Corp. Majic Corp. expects to remain listed on Nasdaq under the ticker symbol “MJWL” after the consummation of the Business Combination.

About OceanTech Acquisitions I Corp.

OceanTech is a blank check company incorporated as a Delaware corporation on February 3, 2021 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

About Majic Wheels Corp.

Majic Wheels’ ecosystem includes assets such as Calfin Global Crypto Exchange (“CGCX”), the world’s leading hybrid exchange, and PCEX, an Indian exchange that is transforming the B2B crypto landscape in over 250 locations within India. CGCX provides customers with a high caliber, secure, and simple-to-navigate crypto trading experience by combining four blockchain services onto a single platform. This includes a crypto exchange, merchant solutions, smart contracts, and an initial coin offering (“ICO") platform.

Additional Information and Where to Find It

The Company intends to file a Prospectus and Proxy Statement with the SEC describing the business combination and other stockholder approval matters for the consideration of the Company’s stockholders, which Prospectus and Proxy Statement will be delivered to its stockholders once definitive. This document does not contain all the information that should be considered concerning the business combination and the other stockholder approval matters and is not intended to form the basis of any investment decision or any other decision in respect of the business combination and the other stockholder approval matters. The Company’s stockholders and other interested persons are advised to read, when available, the Prospectus and Proxy Statement and the amendments thereto and other documents filed in connection with the business combination and the other stockholder approval matters, as these materials will contain important information about the Company, the Target, the business combination and the other stockholder approval matters. When available, the Prospectus and Proxy Statement and other relevant materials for the business combination and the other stockholder approval matters will be mailed to stockholders of the Company as of a record date to be established for voting on the business combination and the other stockholder approval matters. Stockholders will also be able to obtain copies of the Prospectus and Proxy Statement and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov , or by directing a request to: OceanTech Acquisitions I Corp., 515 Madison Avenue, 8th Floor – Suite 8133, New York, New York, 10022 or (929) 412-1272.

No Offer or Solicitation

This Press Release is for informational purposes only and is not intended to and shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Participants in Solicitation

The Company, the Target and their respective directors and executive officers may be deemed participants in the solicitation of proxies from the Company’s stockholders with respect to the business combination. A list of the names of the Company’s directors and executive officers and a description of their interests in the Company will be included in the proxy statement/prospectus for the proposed business combination when available at www.sec.gov . Information about the Company’s directors and executive officers and their ownership of Company common stock is set forth in the Company’s Form 10-K, dated March 16, 2022, and in its prospectus dated May 27, 2021, as modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such filing. Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement/prospectus pertaining to the proposed business combination when it becomes available.

Cautionary Statement Regarding Forward-Looking Statements

This Press Release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or words of similar meaning. These forward-looking statements include, but are not limited to, statements regarding Target’s industry and market sizes, future opportunities for Target and Company, Target’s estimated future results and the proposed business combination between Company and Target, including the implied enterprise value, the expected transaction and ownership structure and the likelihood, timing and ability of the parties to successfully consummate the proposed transaction. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.

In addition to factors previously disclosed in the reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: inability to meet the closing conditions to the business combination, including the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; the inability to complete the transactions contemplated by the Merger Agreement due to the failure to obtain approval of Company’s shareholders, the failure to achieve the minimum amount of cash available following any redemptions by Company shareholders, redemptions exceeding a maximum threshold or the failure to meet The Nasdaq Stock Market’s initial listing standards in connection with the consummation of the contemplated transactions; costs related to the transactions contemplated by the Merger Agreement; a delay or failure to realize the expected benefits from the proposed transaction; risks related to disruption of management’s time from ongoing business operations due to the proposed transaction; changes in the cryptocurrency and digital asset markets in which Target provides insurance and infrastructure offering services, including with respect to its competitive landscape, technology evolution or regulatory changes; changes in domestic and global general economic conditions, risk that Target may not be able to execute its growth strategies, including providing software solutions for the broad blockchain technology, and identifying, acquiring, and integrating acquisitions; risks related to the ongoing COVID-19 pandemic and response; risk that Target may not be able to develop and maintain effective internal controls; and other risks and uncertainties indicated in Company’s final prospectus, dated May 27, 2021, for its initial public offering, and the proxy statement/prospectus relating to the proposed business combination, including those under “Risk Factors” therein, and in Company’s other filings with the SEC. Company and Target caution that the foregoing list of factors is not exclusive.

Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Company and Target or the date of such information in the case of information from persons other than Company or Target, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding Target’s industry and end markets are based on sources we believe to be reliable, however there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results. Contacts

Investor Relations Lena Cati The Equity Group, Inc. (212) 836-9611 lcati@equityny.com

Investor Relations Majic Wheels Corp. ir@majiccorp.co

Global eGRC (Enterprise Governance, Risk Management and Compliance) Markets Report 2022-2027: Analysis by Solutions (Risk Management, Regulatory & Compliance, Audit Management) and Services - ResearchAndMarkets.com





DUBLIN--(BUSINESS WIRE)--The "Global eGRC Market by Component (Solutions (Risk Management, Regulatory & Compliance, Audit Management) and Services), Business Function, Vertical (BFSI, Healthcare, Manufacturing), and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global eGRC market size is expected to grow from an estimated value of USD 14.9 billion in 2022 to USD 27.1 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 12.6% from 2022 to 2027.

Some of the factors that are driving the market growth include an increase in stringent compliance mandates, integration of AI, ML, and blockchain technologies in GRC solutions, and growth in data and security breaches. However, varying structures of regulatory policies are expected to hinder market growth.

By Solutions, Risk management to account for a larger market size during the forecast period

Risk management solutions include incident management, IT risk, operational risk, vendor risk/third-party risk, cyber risk, business continuity management, and disaster recovery. Risk management solutions are expected to grow at the highest CAGR during the forecast period. The execution of risk management strategies is very important for SMEs and large organizations.

Due to the increasing complexities in business, it is very important for organizations to enable risk management solutions to understand their risk exposure and manage it cost-effectively. Risk management solutions when integrated with advanced machine learning technology prioritize various events and enable users to concentrate on alerts and events.

The growth in Risk management solutions is high due to various factors including IT risks, operation risks, financial risks, etc., this is due to increasing incidents of cyber-attacks on enterprises.

By Organization, SMEs is projected to grow CAGR during the forecast period

SMEs are adopting eGRC solutions at a high pace to enhance their governance, risk, and compliance programs. To help SMEs meet various regulatory requirements, vendors in the market have been rolling eGRC solutions with the intent to cater to SMEs.

These SMEs are also facing pressure related to transparency, visibility, and accountability in their business operations, thus creating an increase in the effectiveness of corporate governance. SMEs face challenges, such as limited resources, IT personnel availability, and enterprise security budget.

Additionally, the increase in the focus of SMEs toward digitalization creates threats related to business information and critical data. Hence, to help organizations fight against various cyber threats and challenges, eGRC solution providers deliver innovative solutions to support them in securing their businesses from cyber threats and attacks, implement their GRC program, and gain a competitive advantage.

By business function, the finance segment to account for a larger market size during the forecast period

Organizations across industries are focusing on enhancing their financial performance. Businesses are working on enhancing their global presence, monitoring and following various regulatory requirements of that particular region.

These requirements may include various laws related to taxation, rules related to the allocation of CSR activities, and regional standard formats or templates necessary to document quarterly financial statements. Hence, to help organizations meet the requirements of their finance domain, eGRC vendors offer financial solutions to support business leaders in strategic planning, budgeting, and forecasting.

Moreover, the finance function is changing the way it operates due to the increase in complexity of business operations. It is an organization's vital internal function that has to comply with various norms, such as Sarbanes-Oxley, Basel II, Solvency II, and Dodd-Frank.

Competitive landscape

Some of these players include IBM Corporation (IBM), Microsoft Corporation (Microsoft), Oracle Corporation (Oracle), SAP SE (SAP), SAS Institute Inc (SAS Institute), Thomson Reuters (Thomson Reuters), Wolters Kluwer NV. (Wolters Kluwer), FIS (FIS), Software AG (Software AG), SAI Global Pty Limited (SAI Global), ProcessGene Ltd. (ProcessGene), NAVEX Global Inc (NAVEX Global), and IdeaGen Plc. (IdeaGen).

Premium Insights Increasing Need to Meet Stringent Compliance Mandates Driving Market Growth Solutions Segment Expected to Account for Larger Market Share Regulatory & Compliance Segment Expected to Account for Largest Market Size by 2027 Large Enterprises Segment Estimated to Account for Largest Market Size by 2027 Banking & Financial Institutes Vertical and North America Expected to Account for Significant Market Share in 2022 Asia-Pacific Market Expected to Emerge as Best Market for Investments in Next Five Years

Market Dynamics

Drivers Increase in Stringent Compliance Mandates Integration of Ai/ML and Blockchain Technologies in GRC Solutions Growth in Data and Security Breaches

Restraints Varying Structures of Regulatory Policies

Opportunities Emerging Automation in EGRC Solutions Growth in Acquisitions and Partnerships

Challenges Provision of Comprehensive Egrc Solutions

Use Cases Use Case 1: Riskonnect Grc Helped Lme Strengthen Connection Between Risk and Compliance Use Case 2: Sai360 Helped Robeco Meet Compliance Requirements Use Case 3: Processgene Helped Shemen Industries Automate Governance, Risk, and Compliance (Grc) Use Case 4: Longwood University Deployed Ideagen's Software to Streamline Its Internal Audit Process Use Case 5: Nestle Deployed Active Risk Manager Solution to Manage Enterprise Risk Across Its Various Operation Centers Globally

Technology Analysis Artificial Intelligence Blockchain Technology Robotic Process Automation Big Data

Tariff and Regulatory Landscape General Data Protection Regulation (Gdpr) North American Electric Reliability Corporation (Nerc)/Critical Infrastructure Protection (Cip) Cybersecurity Standards Payment Card Industry Data Security Standard (Pci-Dss) Federal Information Security Management Act (Fism) Health Insurance Portability and Accountability Act (Hipaa) Us Food and Drug Administration (Fda) Health Information Technology for Economic and Clinical Health (Hitech) Sarbanes-Oxley Regulatory Bodies, Government Agencies, and Other Organizations

Company Profiles

Key Players IBM Microsoft Oracle SAP Sas Institute Servicenow Thomson Reuters Wolters Kluwer FIS Software Ag Metricstream Mphasis Sai Global Lexisnexis Diligent Corporation Onetrust

Other Players Navex Global Rsa Security Mega International Ideagen Logicmanager Riskonnect Allgress Inc Camms Group Logic Gate

Startups Reciprocity Surecloud Processgene Lexcomply Standardfusion Comensure Dynamic-Grc Vcomply

For more information about this report visit https://www.researchandmarkets.com/r/z34iqg Contacts

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

United States NFT Market Intelligence and Future Growth Dynamics Report 2022: Market is Expected to Grow by 49.5% to Reach $14,453.2 Million in 2022 - Forecasts to 2028 - ResearchAndMarkets.com





DUBLIN--(BUSINESS WIRE)--The "United States NFT Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on NFT Investments by Key Assets, Currency, Sales Channels - Q2 2022" report has been added to ResearchAndMarkets.com's offering.

NFT industry in United States is expected to grow by 49.5% on an annual basis to reach US$14,453.2 million in 2022.

The NFT industry is expected to grow steadily over the forecast period, recording a CAGR of 35.1% during 2022-2028. The NFT Spend Value in the country will increase to US$79,604.3 million by 2028.

Non-fungible tokens (NFT) have become increasingly mainstream over 12 months. This growth in the global NFT market has been largely led by the popularity of NFTs in the United States.

In 2021, a token representing a collage by Beeple, the United States-based digital artist, was sold for a record US$69 million at the Christie's auction. This, along with other popular collections, such as the Bored Ape Yacht Club, has constantly driven the popularity of the digital assets among the general public and celebrities, including Jimmy Fallon and Snoop Dogg. While the market recorded strong growth last year, the publisher expects the trend to continue in 2022 and beyond, from the short to medium-term perspective.

Over the last 12 months, the digital asset class has grown substantially in popularity in the United States. Moreover, as the awareness continued to increase, more and more Americans started to see NFTs as a safe investment. This shows that the awareness is increasing among the Americans, but more and more people are willing to invest in the asset class.

As the trend grows in the United States, the publisher also expects the NFT sector to record strong NFT transaction value and volume growth over the next three to four years. Consequently, the publisher expects the United States NFT industry to record strong growth from short- to medium-term perspectives.

Big brands entering the NFT space are driving the popularity among the general public in the United States .Over the last 12 months, several major brands across different industry verticals have entered the NFT market. Adidas, Nike, Coca-Cola, Louis Vuitton, McDonald's, and even Lamborghini have announced their presence in the NFT market. In addition to these, other big brands like designer eyewear firm Ray-Ban has announced their entry into the NFT space.

With all of these global brands entering the digital assets space, the NFT popularity has skyrocketed among the general public in the United States. The publisher expects more global brands to launch their NFT collectibles, which will further boost the popularity of NFTs among the general public in the country from the short to medium-term perspective.

Artists selling their work for millions of dollars have driven the growth and popularity of the NFT market in the United States

An increasing number of artists in the United States are turning to NFTs to create a new source of income. Los Angeles-based digital artist Sarah Zucker started selling NFTs of her work in 2019. By 2021, NFTs will become the major source of her income. From January 2021 to May 2021, Zucker sold NFTs worth US$274,000. Similar to Zucker, many of the artists in the country have turned NFTs into a major source of their income. Beeple's NFT, "Everydays: The First 5000 Days", was sold for more than US$69 million.

With artists raising millions of dollars in NFT sales, the market's popularity has surged substantially in the United States. This has been one of the key drivers of the growth of the NFT industry in the country. Additionally, celebrities such as NFL player Rob Gronkowski, musician Shawn Mendes, and executives like Elon Musk have all entered the NFT space. The presence of all these big and well-renowned names in the NFT market is driving the popularity of the digital asset class in the country.

NFT marketplaces are entering into strategic partnerships to develop innovative products in the United States In April 2022, Nifty Gateway, the Gemini Trust Company LLC-owned premier marketplace for NFTs, announced that the firm had entered into a strategic partnership with Samsung to develop the first-ever smart TV NFT platform, which will allow exploring, trading, and purchasing digital art and collectibles. Leveraging the technology of the two leaders in their respective industries, consumers will be able to seamlessly browse and interact with NFTs directly on their smart TVs. Moreover, consumers will also get access to over 6,000 pieces of NFTs from the top and emerging artists such as Daniel Arsham, Beeple, Pak, and more.

Several leading brands in the United States are jumping on the NFT bandwagon In December 2021, Nike announced that the firm acquired RTFKT, a virtual shoe studio, as it seeks to enter the NFT space by launching a digital collection of sneakers. The firm plans to launch the digital sneakers within the Nikeland, a free, 3D space that the firm has created within the Roblox gaming platform. Coca-Cola, another leading brand in the United States, has its presence in the NFT market. In May 2021, the firm sold NFT on the OpenSea NFT platform for more than US$575,000. Auctioned as a single loot box over 72 hours, the four multi-sensory, friendship-inspired NFTs placed Coca-Cola on the growing NFT landscape in the United States.

Scope

United States NFT Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028

United States NFT Market Size and Forecast by Key Assets, 2019-2028 Collectibles and Art Real Estate Sports Gaming Utility Fashion & Luxury Other

United States NFT Market Size and Forecast by Key NFT Collectible Assets, 2019-2028 Digital Art Music & Sound Clip Videos Memes & Gif Other

United States NFT Market Size and Forecast by Currency, 2019-2028 Ethereum Solana Avalanche Polygon BSC Flow Wax Ronin Other

United States NFT Market Size and Forecast by Sales Channels, 2019-2028 Primary Secondary

United States User Statistics, 2019-2028

For more information about this report visit https://www.researchandmarkets.com/reports/5636021/united-states-nft-market-intelligence-and-future?utm_source=BW&utm_medium=PressRelease&utm_code=x4jgv4&utm_campaign=1783191+-+United+States+NFT+Market+Intelligence+and+Future+Growth+Dynamics+Report+2022%3a+Market+is+Expected+to+Grow+by+49.5%25+to+Reach+%2414%2c453.2+Million+in+2022+-+Forecasts+to+2028&utm_exec=chdo54prd Contacts

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

Nifter™’s Art Basel Miami Launch Will Feature NFTs Backed by Ultra Rare Derek Jeter Cards, Full Band Signed QUEEN Memorabilia, and Many More.





BEVERLY HILLS, Calif.--(BUSINESS WIRE)-- $CLIS #artbasel --ClickStream Corp. (OTC PINK: CLIS), a technology company focused on developing platforms that disrupt conventional industries, announced today that its Nifter™ NFT marketplace will have a staggered launch featuring NFTs backed by rare and ultra rare Derek Jeter, Aaron Judge, Don Mattingly, Tiger Woods, Michael Jordan, QUEEN, Muhammed Ali, Stan Lee and other memorabilia by renown sports and entertainment legends. All memorabilia have been certified as authentic by Topps, Iconic Authenticated, and Upperdeck Signatures. These rare collectibles will range from $500 to $15,000 and a signature 2 of 25 Topps Sterling MJJ card valued at $50,000.

The launch will feature art by Uncuttart - revered as the modern-day Basquiat, music NFTs by GRAMMY-nominated Melky Jean, and many others. With a staggered launch strategy, Nifter™ will update the Nifter.io website throughout the launch to capture the attention of art collectors fervently visiting the website to discover which rare memorabilia and NFTs will auction next.

Also, by sponsoring events such as Vibes Basel and Let There Be Reggae, Nifter™ aims to strategically establish a global presence in the African, Asian and Caribbean markets. Nifter™ hopes to also gain market share by leveraging performances and audiences of international megastars.

Nifter™ will also premiere NFTs by artists signed to the newly created production arm of Nifter™ , whose mission is to help artists distribute and license their art giving them more freedom and control.

ABOUT CLICKSTREAM CORPORATION

ClickStream pioneers disruptive digital platforms that challenge conventional industries. The company is incubating Nifter™ , HeyPal, WinQuick, VegasWinners and The LongShot Report .

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. Contacts

Michael Handelman, CFO ClickStream Corporation info@clickstream.technology

ProShares Launches ION, The First ETF to Invest Only in Companies Mining Battery Metals





ION invests in companies that may benefit from the mining of lithium, nickel or cobalt

BETHESDA, Md.--(BUSINESS WIRE)--ProShares, a premier provider of ETFs, today launched ProShares S&P Global Core Battery Metals ETF (ION), the first ETF to invest only in companies mining battery metals. These companies supply the raw metals needed to power the batteries used in the growing number of electric vehicles, laptops, smartphones and energy storage devices.

“An energy revolution is underway that is transforming the way we power our lives,” said Michael L. Sapir, ProShares founder and CEO. “With ION, there is now an ETF that offers investors an effective way to access companies meeting the soaring demand for batteries and the metals needed to make them.”

Global demand for batteries is expected to grow by 25% annually until at least 2030, according to academic research. 1 ION is designed to give investors access to global companies mining lithium, nickel or cobalt—raw metals that are seeing a surge in demand due to the increase in battery production.

ION tracks the S&P Global Core Battery Metals Index—which is currently made up of 41 companies in more than 15 countries, including Australia, Indonesia, South Africa and China. Many of these companies can be difficult for U.S. retail investors to conveniently access on their own.

ION joins the ProShares thematic ETF lineup, complementing a group of funds that feature the application of technology and innovation, such as the S&P Kensho Cleantech ETF (CTEX), the DJ Brookfield Global Infrastructure ETF (TOLZ), the ProShares Online Retail ETF (ONLN) and the ProShares Metaverse ETF (VERS). The firm also launched the ProShares Bitcoin Strategy ETF (BITO) in 2021, which is the world’s largest cryptocurrency ETF.

About ProShares ProShares has been at the forefront of the ETF revolution since 2006. ProShares now offers one of the largest lineups of ETFs, with nearly $60 billion in assets. The company is a leader in strategies such as dividend growth, rising rates, thematics, crypto, and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.

______________________

1 A Review on Battery Market Trends, Second-Life Reuse, and Recycling, Research and Markets: Global Battery Market Report 2020-2027, March 2021.

Holdings are subject to change.

Investing involves risk, including the possible loss of principal. This ProShares ETF is subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. Please see summary and full prospectuses for a more complete description of risks.

Companies engaged in battery metals mining are subject to various risks, including: changes in the supply of and demand for battery metals; price changes resulting from inflation and inflation expectations; supply chain and other disruptions due to changing world events, economic conditions and political risks; currency fluctuations; regulatory and legislative scrutiny of the environmental impact of battery metal mining; and risks associated with the development of mineral deposits.

The index theme may not be the primary driver of company, index or fund performance. Companies in the index may have significant unrelated business lines, which could have a significant negative impact on company, index and fund performance.

Investments in non-U.S. securities may involve risks different from U.S. securities, including risks from geographic concentration, differences in valuation and valuation times, unfavorable fluctuations in currency, differences in generally accepted accounting principles, and from economic or political instability.

Investments in emerging markets generally are less liquid, more volatile and riskier than investments in more developed markets and are considered to be speculative.

Investments in smaller companies typically exhibit higher volatility. Small- and mid-cap companies may have limited product lines or resources, may be dependent upon a particular market niche and may have greater fluctuations in price than the stocks of larger companies. Small- and mid-cap companies may lack the financial and personnel resources to handle economic or industry-wide setbacks and, as a result, such setbacks could have a greater effect on small- and mid-cap security prices.

This ProShares ETF is non-diversified and concentrates its investments in certain sectors. Non-diversified and narrowly focused investments typically exhibit higher volatility.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses . Read them carefully before investing. Obtain them from your financial professional or ProShares.com.

There is no guarantee any ProShares ETF will achieve its investment objective.

The "S&P Global Core Battery Metals Index" is a product of S&P Dow Jones Indices LLC and its affiliates and has been licensed for use by ProShares. "S&P®" is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and "Dow Jones®" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. ProShares have not been passed on by S&P Dow Jones Indices LLC and its affiliates as to their legality or suitability. ProShares based on the "S&P Global Core Battery Metals Index" are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates, and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

ProShares ETFs (ProShares Trust and ProShares Trust II) are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor. Contacts

Media: Tucker Hewes, Hewes Communications, Inc., 212.207.9451, tucker@hewescomm.com

Investors: ProShares, 866.776.5125, ProShares.com

Lyceus Group Named to ‘Best Communications and PR Firm’ Shortlist by With Intelligence





SEATTLE--(BUSINESS WIRE)-- Lyceus Group , a leading financial communications agency, announced today it has been shortlisted by With Intelligence for the “Best Communications and PR Firm” category as part of the Fund Intelligence Operations and Services Awards 2023 . The awards acknowledge excellence and outstanding contributions made by businesses, operations & technology leaders at asset management and service provider firms over the past year.

“We are humbled and honored to be shortlisted for such a competitive industry award for the second straight year,” said Tucker Slosburg, President, Lyceus Group. “2022 has been a year of growth for Lyceus. We have doubled the size of our staff and opened an additional office in Austin, TX. This growth has allowed us to take the next step in sharing our clients’ stories, effectively establishing them as thought-leaders in the space. We are proud of the work we’ve completed and are thrilled to be recognized at the national level.”

Lyceus Group represents a variety of clients in the financial services and technology space, including mutual funds, ETFs, private equity firms, hedge funds, startups, cryptocurrency funds, private credit funds, and fund service providers, among others. Its services include public relations, strategic planning, brand identity awareness, crisis communication, content development, media relations, digital marketing, and social media management.

Lyceus Group understands that every client has a different set of needs and values, and forms a strategy specifically tailored to those realities for each client the firm services. This level of detail makes Lyceus Group stand out from fellow service providers.

“The future is bright at Lyceus,” said Slosburg. “We’re excited to continue providing high-level, customized service to our clients in 2023.”

About Lyceus Group

Founded in 2016, Lyceus has quickly emerged as one of the premiere boutique financial industry communications firms in America. From financial services to tech companies, Lyceus works with a diverse group of clients to build their brands on an international scale. As a growing company ourselves, we operate in a culture of collaboration coupled with entrepreneurial spirit. Contacts

Media Inquiries: Lyceus Group Rob Jesselson (847) 345-0278 rjesselson@lyceusgroup.com

BitNile Holdings Issues November Bitcoin Production and Mining Operation Report





LAS VEGAS--(BUSINESS WIRE)-- $AP #ARBK -- BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“ BitNile ” or the “ Company ”) today published an unaudited update on Bitcoin production and miner installation. The number of miners and production capacity metrics within this press release represent the S19j Pro and XP Antminers at the Michigan data center and the Wolf Hollow hosting facility in Texas. BitNile’s Bitcoin mining production is currently operating at an estimated annualized run rate of 1,249.4 Bitcoin based on current market conditions, including a mining difficulty of 36.95 trillion.

BitNile has increased the number of miners in possession to 20,441 S19j Pro and XP Antminers, which once installed and energized, will generate a combined processing power of approximately 2.21 exahashes per second (“ EH/s ”), the computational power that is being used to mine Bitcoin. During the month of November 2022, BitNile received 92.2 Bitcoin as a result of its miners providing computing power to a mining pool operator, and to date, BitNile has received a total of 613.8 Bitcoin.

Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “The newest green XP miners installed in Michigan have allowed us to reach a new high of approximately 1.06 EH/s. The team is still working through the issues at the Wolf Hollow hosting facility in Texas, as well as developing new relationships to operate the remaining machines.”

As previously disclosed, BitNile has entered into purchase agreements with Bitmain Technologies Limited for a total of 23,065 Bitcoin miners, including 4,600 environmentally friendly S19 XP Antminers that feature a processing power of 140 terahashes per second (“ TH/s ”), 17,325 S19j Pro Antminers that feature a processing power of 100 TH/s and 1,140 S19 XP Hydro Antminers that feature a processing power of 255 TH/s. Once all of the miners are fully deployed and operational, BitNile expects to achieve a mining production capacity of approximately 2.66 EH/s.

The Company notes that all estimates and other projections are subject to the actual delivery and installation of Bitcoin miners, the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, the energizing of the Texas hosting facility and other factors that may impact the results of production or operations.

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

About BitNile Holdings, Inc.

BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com .

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 www.BitNile.com . Contacts

IR@BitNile.com or 1-888-753-2235