TORONTO, ON / ACCESS Newswire / June 25, 2025 / Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced that Dr. Raj DasGupta, Electrovaya’s CEO will be participating at the Roth 15th Annual-London Conference, held at the Four Seasons Park Lane in London, UK.
The Company’s participation underscores Electrovaya’s ongoing commitment to active engagement with the global financial community. During the conference, CEO, Raj DasGupta will take part in one-on-one and small group meetings with leading European institutional investors to discuss the Company’s strategic initiatives, technology roadmap, and long-term growth outlook.
Event: ROTH – 15th Annual – London Conference Date: June 25-26, 2025 Location: Four Seasons Park Lane, London, UK Format: 1×1 small group meetings – by invitation only
For more information on the ROTH – 15th Annual – London, UK Conference, or to schedule a one-on-one meeting with Electrovaya’s management, please contact your ROTH representative.
Investor and Media Contact: Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. 905-855-4618 / jroy@electrovaya.com
About Electrovaya Inc. Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries and battery systems for energy storage and heavy duty electric vehicles based on its Infinity Battery Technology Platform. This technology offers enhanced safety and industry leading battery longevity. The Company is also developing next generation solid state battery technology at its Labs division. Headquartered in Ontario, Canada, Electrovaya has two operating sites in Canada and has acquired a 52-acre site with a 135,000 square foot manufacturing facility in New York state for its planned gigafactory. To learn more about Electrovaya, please explore www.electrovaya.com.
Barton accelerating key long-lead PFS and Mining Lease Application programs
ADELAIDE, AUSTRALIA / ACCESS Newswire / June 24, 2025 / Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) (Barton or Company) is pleased to announce the start of baseline water monitoring programs for its South Australian Tunkillia Gold Project (Tunkillia), following the recent publication of Tunkillia’s Optimised Scoping Study (OSS).
The Tunkillia OSS identified a compelling large-scale operation with (at an A$5,000/oz gold price): 1
average annual production: ~120koz gold and ~250koz silver
operating free cashflow: A$2.7 billion
Net Present Value (NPV 7.5% ): A$1.4 billion
Internal Rate of Return (IRR): 73%
Payback period: 0.8 years, and
A ‘Starter’ pit producing ~206koz Au for A$825m operating free cash in the first 13 months
Barton recently announced a $3 million equity accretive placement priced at a ~4% premium to its last traded price, and a ~25% premium to its 20 trading day volume weighted average price (VWAP).[2] The use of those funds is primarily to accelerate Reserve conversation upgrade drilling for Tunkillia’s ‘Starter Pit. 2 Drilling is anticipated to commence during September 2025, and complete by December 2025.
The baseline water monitoring program is another key long-lead feasibility and approvals work program, with a minimum of two years’ worth of baseline water data required prior to start of mining and production. The new Tunkillia water monitoring program will allow Barton to compare new baseline data with historical baseline data collected during prior analyses of the Tunkillia Gold Project.
Commenting on the start of Tunkillia water monitoring, Barton MD Alexander Scanlon said:
“Tunkillia’s Optimised Scoping Study has confirmed a large-scale, competitive gold and silver operation with significant economies of scale offering strong financial and capital leverage to a rapidly evolving gold market.
“During the balance of calendar year 2025 we will focus on key long-lead feasibility and approvals programs for Tunkillia, with the objective to submit a Mining Lease Application prior to the end of calendar year 2026.
“In parallel, we will be completing our studies for ‘Stage 1′ operations leveraging our Central Gawler Mill, with the objective to transition to ‘producer’ status during 2026. This will enable us to generate free cash flows, and use these funds to advance and develop Tunkillia as our ‘Stage 2′ expansion project. This staged approach offers our shareholders a lower-cost, lower-risk and lower-dilution pathway to 150,000ozpa gold production.”
Authorised by the Managing Director of Barton Gold Holdings Limited.
Barton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000ozpa with 1.7Moz Au & 3.1Moz Ag JORC Mineral Resources (64.0Mt @ 0.83 g/t Au), brownfield mines, and 100% ownership of the region’s only gold mill in the renowned Gawler Craton of South Australia.*
Competent Persons Statement & Previously Reported Information
The information in this announcement that relates to the historic Exploration Results and Mineral Resources as listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent Person whose name appears in the same row, who is an employee of or independent consultant to the Company and is a Member or Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), Australian Institute of Geoscientists (AIG) or a Recognised Professional Organisation (RPO). Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he has undertaken to quality as a Competent Person as defined in the JORC Code 2012 (JORC).
Activity
Competent Person
Membership
Status
Tarcoola Mineral Resource (Stockpiles)
Dr Andrew Fowler (Consultant)
AusIMM
Member
Tarcoola Mineral Resource (Perseverance Mine)
Mr Ian Taylor (Consultant)
AusIMM
Fellow
Tarcoola Exploration Results (until 15 Nov 2021)
Mr Colin Skidmore (Consultant)
AIG
Member
Tarcoola Exploration Results (after 15 Nov 2021)
Mr Marc Twining (Employee)
AusIMM
Member
Tunkillia Exploration Results (until 15 Nov 2021)
Mr Colin Skidmore (Consultant)
AIG
Member
Tunkillia Exploration Results (after 15 Nov 2021)
Mr Marc Twining (Employee)
AusIMM
Member
Tunkillia Mineral Resource
Mr Ian Taylor (Consultant)
AusIMM
Fellow
Challenger Mineral Resource
Mr Dale Sims (Consultant)
AusIMM / AIG
Fellow / Member
The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company’s Prospectus dated 14 May 2021 or as otherwise noted in this announcement, available from the Company’s website at www.bartongold.com.au or on the ASX website www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets, continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons’ findings are presented have not been materially modified from the previous announcements.
Cautionary Statement Regarding Forward-Looking Information
This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “expect”, “target” and “intend” and statements than an event or result “may”, “will”, “should”, “would”, “could”, or “might” occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof.
*Refer to Barton Prospectus dated 14 May 2021 and ASX announcement dated 4 March 2025. Total Barton JORC (2012) Mineral Resources include 909koz Au (30.8Mt @ 0.92 g/t Au) in Indicated category and 799koz Au (33.2Mt @ 0.75 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Resources.
[1] Refer to ASX announcement dated 5 May 2025
[2] Refer to ASX announcements dated 27 May and 2 June 2025
BOCA RATON, FL / ACCESS Newswire / June 24, 2025 / Greenlane Holdings, Inc. (NASDAQ:GNLN) (“Greenlane”), a global seller of premium cannabis accessories, child-resistant packaging, and specialty vaporization products, today announced that it will effect a one-for-seven hundred fifty reverse stock split (the “Reverse Split”) of its Class A common stock, par value $0.01 per share (the “Class A common stock”), that will become effective on June 26, 2025 at 5:00 P.M. Eastern Time, after the closing of trading on The Nasdaq Capital Market (“Nasdaq”). Greenlane has requested that Greenlane’s Class A common stock begin trading on June 27, 2025, on a post-Reverse Split basis on the Nasdaq under the existing symbol “GNLN.”
The Reverse Split is primarily intended to bring Greenlane into compliance with the minimum bid price requirement for maintaining its listing on the Nasdaq. The new CUSIP number for the Class A common stock following the Reverse Split will be 395330509.
At Greenlane’s special meeting of stockholders on June 16, 2025 (the “Special Meeting”), Greenlane’s stockholders approved the proposal to authorize Greenlane’s board of directors (the “Board”), in its sole and absolute discretion, to file a certificate of amendment (the “Amendment”) to Greenlane’s amended and restated certificate of incorporation to effect the Reverse Split at a ratio to be determined by the Board, ranging from one-for-two hundred fifty to one-for-seven hundred fifty. On June 12, 2025, the Board approved the Reverse Split at a ratio of one-for-seven hundred fifty and the Amendment has been filed with the Secretary of State of the State of Delaware, which will become effective on June 26, 2025, at 5:00 P.M. Eastern Time, before the opening of trading on the Nasdaq.
The Reverse Split will affect all issued and outstanding shares of Class A common Stock. All outstanding options, restricted stock awards, warrants and other securities entitling their holders to purchase or otherwise receive shares of Class A common stock will be adjusted as a result of the Reverse Split, as required by the terms of each security. The number of shares available to be awarded under Greenlane’s Third Amended and Restated 2019 Equity Incentive Plan, will also be appropriately adjusted. Following the Reverse Split, the par value of the Class A common stock will remain unchanged at $0.01 per share. The Reverse Split will not change the authorized number of shares of Class A common stock or preferred stock. No fractional shares of Class A Common Stock shall be issued as a result of the Reverse Split, and stockholders who otherwise would be entitled to receive fractional shares of New Class A Common Stock shall be entitled to receive the number of shares of New Class A Common Stock rounded up to the next whole number. The Reverse Split will affect all stockholders uniformly and will not alter any stockholder’s percentage interest in Greenlane’s equity (other than as a result of the rounding of fractional shares, as set forth above).
The Reverse Split will reduce the number of shares of Class A common stock issued and outstanding from approximately 1,039,735,642 million to approximately 1,386,314.
About Greenlane Holdings, Inc.
Founded in 2005, Greenlane is a premier global platform for the development and distribution of premium smoking accessories, vape devices, and lifestyle products to thousands of producers, processors, specialty retailers, smoke shops, convenience stores, and retail consumers. We operate as a powerful family of brands, third-party brand accelerator, and an omnichannel distribution platform.
We proudly offer our own diverse brand portfolio including Higher Standards and Groove, and our exclusively licensed Marley Natural and K.Haring branded products. We also offer a carefully curated set of third-party products such as DaVinci Vaporizers, Storz & Bickel, Eyce, Pax, VIBES, and CCELL through our direct sales channels and our proprietary, owned and operated e-commerce platforms which include Vapor.com, PuffItUp.com, HigherStandards.com, and MarleyNaturalShop.com.
Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statements. These forward-looking statements include, among others, statements relating to: the current and future performance of the Company’s business, the Company’s ability to satisfy the various rules and requirements imposed by The Nasdaq Stock Market, unforeseen technical issues that could result in Greenlane’s Class A common stock not trading on The Nasdaq Stock Market on a post-Reverse Stock split basis on June 27, 2025 as expected and the Company’s financial outlook and expectations. For a description of factors that may cause the Company’s actual results or performance to differ from its forward-looking statements, please review the information under the heading “Risk Factors” included in the Company’s most recent Annual Report on Form 10-K for the year ended December 31, 2024, the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024, and the Company’s other filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to Greenlane on the date hereof. Greenlane undertakes no duty to update this information unless required by law.
Company’s CEO, board members, other C-suite members, and institutional and accredited investors are participants in the extension of the bridge financing
SAN FRANCISCO, CA / ACCESS Newswire / June 24, 2025 / Jaguar Health, Inc. (NASDAQ:JAGX) (“Jaguar” or “the Company”), announced today that the maturity date has been extended from June 30, 2025 to January 30, 2026 for approximately $2.57 million aggregate principal amount of convertible promissory notes originally issued by the Company as part of the previously announced $3.448 million bridge financing that closed on March 31, 2025. Prior to the extension, five investors converted $0.866 million (including accrued interest) of the original bridge financing into equity in the Company.
“We’re very pleased with each of the participants in this bridge financing that agreed to the extension of the maturity date,” said Lisa Conte, Jaguar’s Founder and CEO. “Each of these investors is committed to helping provide the resources needed to support Jaguar’s goal of forging corporate partnerships to bring in non-dilutive funding for the Company’s three core development programs for crofelemer, our novel plant-based prescription medicine: our orphan disease intestinal failure program; our ongoing efforts to make crofelemer available for treatment of cancer therapy-related diarrhea (CTD) in patients with metastatic breast cancer receiving selected targeted therapies; and our ongoing development program to expand access for Canalevia® (crofelemer delayed-release tablets) in dogs from the conditional approval in chemotherapy-induced diarrhea to a potential global approval for acute general diarrhea.”
To view the original terms of the bridge financing, as announced on March 26, 2025, please click here. To view the terms of the extension, please refer to the Form 8-K filed by the Company today, June 24, 2025, which can be viewed on the SEC Filings page of Jaguar’s website. Click here to access the SEC Filings page of Jaguar’s website.
About the Jaguar Health Family of Companies
Jaguar Health, Inc. (Jaguar) is a commercial stage pharmaceuticals company focused on developing novel proprietary prescription medicines sustainably derived from plants from rainforest areas for people and animals with gastrointestinal distress, specifically associated with overactive bowel, which includes symptoms such as chronic debilitating diarrhea, urgency, bowel incontinence, and cramping pain. Jaguar family company Napo Pharmaceuticals (Napo) focuses on developing and commercializing human prescription pharmaceuticals for essential supportive care and management of neglected gastrointestinal symptoms across multiple complicated disease states. Napo’s crofelemer is FDA-approved under the brand name Mytesi® for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy. Jaguar family company Napo Therapeutics is an Italian corporation Jaguar established in Milan, Italy in 2021 focused on expanding crofelemer access in Europe and specifically for orphan diseases. Jaguar Animal Health is a Jaguar tradename. Magdalena Biosciences, a joint venture formed by Jaguar and Filament Health Corp. that emerged from Jaguar’s Entheogen Therapeutics Initiative (ETI), is focused on developing novel prescription medicines derived from plants for mental health indications.
Certain statements in this press release constitute “forward-looking statements.” These include statements regarding Jaguar’s goal of forging corporate partnerships to bring in non-dilutive funding for the Company’s three core development programs for crofelemer: the Company’s orphan disease intestinal failure program; the Company’s ongoing efforts to make crofelemer available for treatment of CTD in patients with metastatic breast cancer receiving selected targeted therapies; and the Company’s ongoing development program to expand access for Canalevia in dogs from the conditional approval in chemotherapy-induced diarrhea to a potential global approval for acute general diarrhea.In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expect,” “plan,” “aim,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements in this release are only predictions. Jaguar has based these forward-looking statements largely on its current expectations and projections about future events. These forward-looking statements speak only as of the date of this release and are subject to a number of risks, uncertainties and assumptions, some of which cannot be predicted or quantified and some of which are beyond Jaguar’s control. Except as required by applicable law, Jaguar does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.
SAN DIEGO, CALIFORNIA / ACCESS Newswire / June 24, 2025 / General Atomics Electromagnetic Systems (GA-EMS) announced today that it has reached another significant milestone in the development and testing of its SiGA® Silicon Carbide (SiC) nuclear fuel cladding technology. Recent performance testing on GA-EMS’ patented, localized SiC joining method has shown excellent performance under the corrosive water conditions expected in the current fleet of pressurized water nuclear reactors, marking a significant step in advancing the readiness of SiGA cladding for reactor testing. SiGA is an engineered, multilayer composite cladding structure that offers high temperature performance and other operational benefits for current and future nuclear reactors.
General Atomics SiC Cladding Technology Milestone Photo taken through a furnace viewport capturing the localized induction heating process used to
produce a gas tight joint at one end of a SiGA® cladding rod.
“Our patented local joining process seals the fuel rods without exposing the nuclear fuel pellets to high temperature water,” said Scott Forney, president of GA-EMS. “Our SiC cladding and localized joining method form a complete solution to fully and safely contain the solid fuel and enable it to withstand temperatures six times greater than the expected light-water, pressurized water reactor conditions. The local SiC joining process is also proving to reduce processing time, supporting the scale-up of efficient domestic manufacturing capability to provide safe accident tolerant fuel cladding for the nuclear fleet.”
Fuel cladding is a barrier between the reactor coolant and nuclear fuel pellets and is essential to protecting the fuel while also ensuring the safety of a nuclear power plant. Fuel is stacked into cladding tubes and the ends of the tubes are joined to form hermetic seals for the fuel rods. GA-EMS’ SiGA cladding offers superior high temperature and irradiation resistance which can significantly improve the operating performance, economic efficiency, and safety of light water reactors.
“We’ve successfully verified irradiation resistance of our ceramic joints at the Oak Ridge National Laboratory High Flux Isotope Reactor test reactor,” said Dr. Christina Back, vice president of GA-EMS Nuclear Technologies and Materials. “Now, GA-EMS is working to evaluate the quality of the SiGA joints under the high temperature, high pressure, and corrosive water coolant environment expected in pressurized water reactors. We achieved a critical milestone this past month, with results confirming that joints fabricated by our local SiC joining process remained gas-tight after 180-days of exposure in Westinghouse’s reactor coolant test facility. It is very exciting to be moving to the ultimate demonstration of joint performance testing in the Advanced Test Reactor at Idaho National Laboratory in the presence of both corrosive water coolant and neutron irradiation.”
Acknowledgment: Based upon work supported by the US Department of Energy under Award No. DE-NE0009235 “SiC Cladding Development.”
Contact Information General Atomics Electromagnetic Systems Media Relations ems-mediarelations@ga.com 8589646989
SAN BERNARDINO, CA / ACCESS Newswire / June 24, 2025 / Dateline Resources Limited (ASX:DTR)(OTCQB:DTREF), a leading Australian mining and exploration company, today announced that its Managing Director, Stephen Baghdadi, has invested over $1.06 million in the company by exercising 53,000,208 share options. This significant capital injection underscores Baghdadi’s confidence in Dateline’s strategic direction and its flagship Colosseum Gold and Rare Earth Elements (REE) Project in California.
Baghdadi’s investment increases his shareholding to 396,890,307 shares, representing 12.85% of the company, further aligning his interests with those of shareholders. The $1.06 million cash injection bolsters Dateline’s financial position, bringing total cash and option exercise commitments to nearly $9 million. “Exercising these options was an easy decision because I have great confidence in Dateline’s long-term future. Our project is a high-quality asset with tremendous upside. Increasing my stake in the Company is a long-term investment for me and it underscores my commitment to our long-term vision and growth, and it enhances the company finances by bringing the total cash at bank and option exercise commitments to almost $9,000,000,” said Baghdadi.
The funds will support ongoing exploration and development at the Colosseum Project, located in California’s Walker Lane Trend. A past-producing gold mine, Colosseum has a JORC-2012 compliant Mineral Resource estimate of 27.1 million tonnes at 1.26 g/t gold for 1.1 million ounces, as announced on June 6, 2024. Recent exploration has revealed promising REE mineralization, positioning Colosseum as a unique dual-commodity opportunity. On May 23, 2025, Dateline reported updated economics for the project, projecting an NPV6.5 of $550 million and an IRR of 61% at a gold price of $2,900 per ounce. The project’s proximity to the Mountain Pass Rare Earth mine, less than 10 kilometers away, enhances its potential in the growing critical minerals market.
Dateline’s Board of Directors welcomed Baghdadi’s investment as a strong endorsement of the company’s strategy. “Stephen’s commitment reinforces our confidence in the Colosseum Project’s ability to deliver long-term value for shareholders,” the Board stated. The capital will advance drill testing to assess the project’s REE potential and further unlock its gold resources.
About Dateline Resources Limited
Dateline Resources Limited (ASX:DTR)(OTCQB:DTREF) is an Australian company focused on mining and exploration in North America. The Company owns 100% of the Colosseum Gold-REE Project in California.
The Colosseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California. On 6 June 2024, the Company announced to the ASX that the Colosseum Gold mine has a JORC-2012 compliant Mineral Resource estimate of 27.1Mt @ 1.26g/t Au for 1.1Moz. Of the total Mineral Resource, 455koz @ 1.47/t Au (41%) are classified as Measured, 281koz @1.21g/t Au (26%) as Indicated and 364koz @ 1.10g/t Au (33%) as Inferred.
On 23 May 2025, Dateline announced that updated economics for the Colosseum Gold Project generated an NPV6.5 of US$550 million and an IRR of 61% using a gold price of US$2,900/oz.
The Colosseum is located less than 10km north of the Mountain Rare Earth mine. Planning has commenced on drill testing the REE potential at Colosseum.
Forward-Looking Statements
This announcement may contain “forward-looking statements” concerning Dateline Resources that are subject to risks and uncertainties. Generally, the words “will”, “may”, “should”, “continue”, “believes”, “expects”, “intends”, “anticipates” or similar expressions identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Dateline Resources’ ability to control or estimate precisely, such as future market conditions, changes in regulatory environment and the behavior of other market participants. Dateline Resources cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking statements. Dateline Resources assumes no obligation and does not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.
Competent Person Statement
Sample preparation and any exploration information in this announcement is based upon work reviewed by Mr Greg Hall who is a Chartered Professional of the Australasian Institute of Mining and Metallurgy (CP-IMM). Mr Hall has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to quality as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). Mr Hall is a Non-Executive Director of Dateline Resources Limited and consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.
Company demanded silence in exchange for no Board seats, no leadership change, and no path to value creation
Board continues to prioritize entrenchment over addressing shareholder concerns
FORT WORTH, TX / ACCESS Newswire / June 24, 2025 / Dear AstroNova Shareholders,
Yesterday evening, we thought we were participating in confidential negotiations with AstroNova aimed at reaching a collaborative solution to the ongoing proxy contest. This morning, AstroNova blindsided us with a news release publicly mischaracterizing those talks, thereby violating our agreement to keep our discussions private, and severely undermining the prospect of continued engagement. We already knew that AstroNova’s Board could not be trusted to deliver shareholder value; now we know they cannot be trusted to keep their word.
Breach of Trust
Sadly, we must also now share revealing details from an exchange that we were promised would remain private. Following a call with Mr. Warzala last week, we invited the company to propose a solution. Mr. Warzala sent an egregiously one-sided proposal that would entrench the current Board while silencing our ability to advocate for shareholders. The company proposed we sign a standstill agreement in exchange for:
No Board representation
Mr. Woods leaving the Board but remaining CEO
Askeladden attending a single Board meeting as an observer, with no voting rights
No sane professional investor would agree to such terms. They would restrict our ability to trade or speak freely, yet offer no corresponding ability to influence company decisions. The Board wanted our silence – not our input.
We told Mr. Warzala that we remained “happy to further discuss these topics” and “hope we can continue to have mutually beneficial dialogue,” but warned that “in the absence of a proposal that demonstrates the Board is committed to making […] substantial changes […] we’d much rather let shareholders decide who best represents their interests.” We also reiterated concrete steps that could safeguard shareholder interests, such as hiring a proven print industry executive or initiating a strategic alternatives process, yet Mr. Warzala showed no interest in exploring these ideas.
We intended to respond to Mr. Warzala’s latest email this morning. Instead, the company rushed to issue a news release – shutting off dialogue before we even had a chance to reply in detail. AstroNova abandoned any effort to engage when we provided candid feedback on the inadequacy of their initial proposal. Once again, the company seems more concerned with scoring PR points than with resolving shareholder concerns. This mirrors their prior conduct – demanding a call on an hour’s notice after months of ignoring us, then claiming we were reluctant to engage.
Other contradictions
The company’s press release is rife with other contradictions. The Board now claims it “shares many of Samir Patel’s concerns” and “began actively addressing many of these issues long before Samir commenced his proxy contest.” Yet in a letter two weeks ago, the company impugned my supposed “readily apparent […] lack of knowledge and understanding of AstroNova’s business.” Which version should shareholders believe – what the Board says today, or what they said two weeks ago?
Similarly, Mr. Warzala’s reference to a “takeover” is disingenuous. One of our publicly-stated priorities is to evaluate strategic alternatives to determine if substantially higher value could be achieved for all shareholders in private markets, yet the company has publicly dismissed this idea as unworthy of consideration. Finally, the Board claims it is “on track” to achieve a share price equivalent to the pre-pandemic peak – despite FY25 earnings results and FY26 earnings guidance that remain below FY24 levels.
After presiding over the MTEX disaster and the ensuing ~50% decline in shareholder value, the incumbent Board refuses to consider meaningful change – whether replacing the CEO, refreshing the Board, or exploring a sale. Their priorities are clear: maintaining control matters more than delivering results and restoring shareholder value.
We urge shareholders to vote to elect directors who truly care about rapidly maximizing shareholder value. If you need assistance in voting the GOLD proxy card, please contact InvestorCom at (877) 972-0090. If you would like to speak to me or any of our candidates, please don’t hesitate to contact me directly.
This filing, and future filings, will also be made available to shareholders after dissemination on EDGAR via our website: https://www.askeladdencapital.com/astronova/ These documents will also be available at no cost at www.sec.gov.
Samir Patel, Askeladden Capital Management LLC, Jeff Sands, Shawn Kravetz, Ryan Oviatt and Boyd Roberts (collectively the “Participants”) filed a definitive proxy statement and accompanying proxy card with the SEC on May 20, 2025, as amended on May 21, 2025, to be used in soliciting proxies in connection with the 2025 annual meeting of shareholders (the “Annual Meeting”) of AstroNova, Inc. (the “Company”). All shareholders of the Company are advised to read the Proxy Statement and other documents related to the solicitation of proxies, each in connection with the Annual Meeting, by the Participants, as they contain important information, including additional information related to the Participants, including a description of their direct or indirect interests by security holdings or otherwise. The Proxy Statement and an accompanying GOLD proxy card will be furnished to some or all of the Company’s stockholders and is, along with other relevant documents, available at no charge on the SEC website at http://www.sec.gov, or by contacting Samir Patel at 1452 Hughes Road, Suite 200 #582, Grapevine, TX, 76051.
Upstate Makes champions glass packaging as part of NSF Regional Innovation Engines proposal, spearheads development of a glass innovation and training hub
June 25 event to explore New York’s unique capabilities for next-gen, glass-based microelectronics – register here
ALBANY, NY / ACCESS Newswire / June 24, 2025 / FuzeHub, a leading nonprofit organization dedicated to assisting New York State manufacturers and technology companies, and a robust coalition of industry, academic and government partners have announced a strategic commitment through their collaborative Upstate Makes initiative to further explore the power of glass as an innovative advanced material to strengthen the U.S. microelectronics industry. This collaborative endeavor-a key element of FuzeHub’s proposal for the National Science Foundation’s Regional Innovation Engines Competition (NSF Engines)-aims to make Upstate New York a next-generation microelectronics manufacturing hub.
Last year, FuzeHub-led Upstate Makes was awarded $1 million through the Regional Innovation Engines Development Awards to cultivate new partnerships and nurture the state’s materials innovation ecosystem. Empire State Development’s Division of Science, Technology and Innovation (NYSTAR) furthered the impact of the NSF award with a $200,000 matching grant. Over the last year, Upstate Makes has expanded its project partners and gained significant validation from industry and academic leaders across New York State.
With Upstate Makes’ new strategic commitment and the region’s historic strength in glass production, Upstate New York is uniquely equipped to deliver new innovations in glass for microelectronics manufacturing-which will directly contribute to America’s manufacturing competitiveness and national defense.
“For more than a decade, we’ve seen glass discussed as a replacement material – and now, with leading-edge design, 6G wireless, and the demands of AI, it’s more important than ever to focus on investing in glass packaging in the semiconductor industry,” said FuzeHub Executive Director Elena Garuc. “Our region is uniquely positioned to make this vision of a world-renowned next-gen microelectronics manufacturing hub a reality, and we’re confident in our decision to focus on glass in our next steps for the Upstate Makes initiative.”
Last month, FuzeHub submitted its refined and expanded Upstate Makes proposal for the NSF Engines funding program. It was one of just 71 teams across the U.S. that was asked to submit a proposal-which could secure significant federal funding for the Upstate region.
Upstate Makes Partner Commitments, Vision for Glass Innovation Hub
The Upstate Makes coalition has grown to over 60 partners, ranging from materials science research labs and semiconductor industry leaders to entrepreneurial support centers and workforce development organizations. Spread across five metro areas in Upstate New York, this collection of partners will continue to pursue new innovations to strengthen U.S. microelectronics manufacturing and develop the workforce necessary for jobs in the industry. A list of contributing partners is available at upstatemakes.org/partners.
As part of its strategic initiatives, Upstate Makes is spearheading the development of a glass innovation and training hub in Upstate New York. This hub will offer a one-stop solution for industry partners, equipped with high-volume manufacturing (HVM) tools and infrastructure that support collaborative R&D and packaging innovation as well as workforce training. By fostering cross-sector partnerships and providing access to advanced manufacturing capabilities, the center aims to significantly reduce the time and cost of bringing new glass packaging technologies to market.
“Upstate New York is truly one of the only regions in the world with the capabilities and resources to achieve the vision outlined in the Upstate Makes proposal,” said Nicholas Fahrenkopf, NY CREATES Director and Technical Director of the Northeast Regional Defense Technology Hub (NORDTECH). NORDTECH is an Upstate Makes partner and a designated U.S. Microelectronics Commons hub. “With the potential to leverage federal investment through programs like NSF Engines, Upstate Makes can drive our region’s microelectronics industry forward, strengthen American manufacturing, and bolster our national security.”
Supporting National Security, Manufacturing Competitiveness
The Upstate Makes initiative is also advancing efforts to contribute to national defense. For example, the U.S. Department of Defense (DOD) has multiple critical applications for high-performance chips-ranging from fighter jet control systems to intelligence data analysis-where glass is an ideal solution to minimize power loss and improve semiconductor speed. The expertise in glass and microelectronics from Menlo Micro, Mosaic Microsystems and other industry partners can specifically foster this type of innovation.
Further, Griffiss Institute will create experiential learning programs for college and post-doctoral students that provide pathways to obtain security clearances and prepare them to contribute directly to Department of Defense applications. These programs reflect Griffiss Institute’s commitment to developing national security talent through nontraditional STEM education and real-world engagement. As a Partnership Intermediary Agreement (PIA) holder with the Air Force Research Laboratory Information Directorate (AFRL), Griffiss Institute also brings unique access to plan and support the transition of dual-use technologies, such as those in the emerging areas.
“Menlo Micro’s glass-based device, developed largely in Upstate New York, is addressing key RF, power and defense applications,” said Aric Shorey, VP of Glass Technologies and Government Affairs at Menlo Micro. “We are part of the high-performance computing and AI supply chain and addressing several applications important to National Defense. There is significant potential to expand through advanced glass packaging that can be accelerated through initiatives driven by Upstate Makes.”
“Domestically and sustainably, sourced glass has the potential to become an economic and technological runway for U.S.-based microsystems packaging in both commercial and defense applications,” added Jeff Fitzgerald, Technology Development Manager at FAST Labs™ BAE Systems, Inc.
June 25 Event: Global Leadership in Next-Gen, Glass-Based Microelectronics
Upstate Makes is leading an online event on Wednesday, June 25, to dive deeper into New York State’s unique capabilities and the collaborative efforts underway to establish global leadership in next-generation, glass-based microelectronics. To register, visit upstatemakes.org/glass-leadership-webinar/.
To learn more about how to get involved, visit upstatemakes.org.
About FuzeHub
FuzeHub is a not-for-profit organization that connects New York’s small to medium-sized manufacturing companies to the resources, programs, and expertise they need for technology commercialization, innovation, and business growth. Through our custom assessment, matching, and referral platform, we help companies navigate New York’s robust network of industry experts at Manufacturing Extension Partners centers, universities, economic development organizations, and other providers. FuzeHub is the statewide New York Manufacturing Extension Partnership Program (MEP) center, supported by Empire State Development’s Division of Science, Technology & Innovation. For more information on FuzeHub, visit www.fuzehub.com.
Not Export Controlled per ES-FL-050635-0044
Approved for Public Release, Distribution Unlimited
COLUMBIA, SC / ACCESS Newswire / June 24, 2025 / The Jeffcoat Firm, a leading personal injury law firm based in South Carolina, has been named a finalist for the 2025 Best Legal Innovation Award by Law.com’s Daily Report. This prestigious recognition highlights the firm’s commitment to leveraging technology and client-centered strategies to redefine legal services in the personal injury sector.
Michael Jeffcoat started Jeffcoat Injury and Car Accident Lawyers in 1999. The firm has consistently prioritized client advocacy and legal excellence. Its innovative approach includes the integration of advanced case management systems and a robust digital presence, ensuring clients receive timely updates and comprehensive support throughout their legal journey.
“Being recognized as a finalist for the Best Legal Innovation Award is a testament to our team’s dedication to embracing change and continuously improving our services,” said Michael Jeffcoat, who is also managing attorney of The Jeffcoat Firm. “Our goal has always been to combine traditional legal expertise with modern tools to better serve our clients.”
The Jeffcoat Firm’s nomination underscores its role as a trailblazer in the legal industry, setting new standards for how law firms operate in the digital age. By adopting innovative solutions and maintaining a client-first philosophy, the firm has positioned itself at the forefront of legal service delivery.
The winners of the 2025 Best Legal Innovation Award will be announced at the upcoming Legal Excellence Gala in Atlanta, Georgia.
About The Jeffcoat Firm
The Jeffcoat Firm is a South Carolina-based personal injury law firm dedicated to providing compassionate and effective legal representation. With a focus on client satisfaction and innovative practices, the firm handles a wide range of personal injury cases, including car accidents, medical malpractice, and wrongful death claims.
CINCINNATI, OH / ACCESS Newswire / June 24, 2025 / CMG Financial, a well-capitalized and privately held mortgage lender based in San Ramon, CA, is proud to announce the new hire of Greg Harkleroad (NMLS ID# 427611) as Joint Venture Division Sales Manager. A strategic addition, Greg is poised to run a budding partnership between CMG and Century 21 Affiliated, an esteemed estate brokerage with roots in Wisconsin, Michigan, and Southern California.
“We are thrilled to announce Century 21 Affiliated’s relationship with CMG Financial,” said Dan Kruse, CEO of Century 21 Affiliated. “By combining the power of CMG – a top five lender in the U.S. – with Century 21 Affiliated, a top real estate franchise, we believe we can deliver the absolute best customer experience in the home buying process. We spent a significant amount of time researching potential mortgage partners and found CMG to be best in class when it comes to support, technology, and customer experience. I couldn’t be more excited about the future of this relationship.”
Greg brings nearly 40 years of mortgage industry experience to this new role. What began as a passion for helping individuals achieve homeownership quickly evolved into a career centered on building high-performing teams and empowering others to succeed. Over the years, Greg has led origination teams at both banks and independent mortgage lenders, consistently driving growth and performance through effective leadership and coaching.
“I believe building strong teams starts with strategic hiring based on individual strengths,” said Harkleroad. “A purchase-focused approach is the foundation for long-term success in this industry, and strong partnerships with Realtors are critical to delivering exceptional service and earning consistent referrals.”
Greg will oversee sales strategy, team development, and business growth. His leadership will focus on expanding the company’s regional reach while delivering a personalized, high-quality experience to home buyers and real estate professionals alike.
“We are excited to have Greg leading our joint venture with CMG,” said Sam Bell, President of Brokerage, Century 21 Affiliated. “Greg brings decades of mortgage expertise to the venture. He has built numerous winning teams of mortgage professionals. We are grateful he has set his sights on helping improve the mortgage and home buying experience for our agents and buyers.”
“Greg’s leadership style is rooted in people-first principles, which aligns perfectly with the culture we’ve built here,” said Chris Harris, Executive Vice President at CMG Financial. “His proven track record of growing high-performing teams and building lasting Realtor relationships make him the ideal person to lead this new venture.”
With a fully invested partnership, this represents a dynamic opportunity for the Midwest & Western markets, particularly for loan officers seeking strong leadership, innovative in-house technology, and dependable, on-the-ground operational support.
For more information, please contact Greg Harkleroad at gregh@cmgfi.comor (513) 617-4407.
About CMG Financial
CMG Financial is a well-capitalized mortgage lender founded in 1993 by Christopher M. George, a former Mortgage Bankers Association Chairman. CMG makes its products and services available to the market through three distinct origination channels: retail lending, wholesale lending, and correspondent lending. CMG also operates eight joint venture companies with builder & realtor partners, holds an impressive MSR/servicing portfolio, and serves the capital markets of fixed income trading & sales through CMG Securities. CMG currently operates in all states, including District of Columbia, and holds approvals with FNMA, FHLMC, and GNMA. The company is consistently recognized as a top-producing lender and top mortgage employer, and it prides itself on helping clients achieve the dream of homeownership through product innovation and streamlined servicing.
About CENTURY 21 Affiliated Real Estate LLC
CENTURY 21 Affiliated is a member of multiple listings services in California, Illinois, Michigan, Minnesota, and Wisconsin with over 1,400 sales professionals and 60+ offices. CENTURY 21 Affiliated also specializes in worldwide relocation. At CENTURY 21 Affiliated, the customer comes first. The complete commitment to this philosophy is what has made CENTURY 21 Affiliated such a powerful force in the real estate industry. CENTURY 21 Affiliated has been ranked the number one CENTURY 21® franchise in the world for eleven years in a row. Visit C21Affiliated.com to learn more.
