Contracts

Contracts https://www.benzinga.com/views/taxonomy/term/87 en SpaceX Signs $920 Million Monthly AI Deal With Google Days Before Blockbuster IPO— 110,000 Nvidia GPUs Locked In Through 2029 https://www.benzinga.com/markets/tech/26/06/53046171/spacex-signs-920-million-monthly-ai-deal-with-google-days-before-blockbuster-ipo-110000-nvidia-gpus-?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p><strong>SpaceX </strong>signed a $920 million monthly compute-leasing deal with <strong>Alphabet </strong><a class="ticker-link" data-ticker="GOOG" data-exchange="NASDAQ" href="https://www.benzinga.com/quote/GOOG" target="_blank" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GOOG">GOOG</a>)</a> <a class="ticker-link" data-ticker="GOOGL" data-exchange="NASDAQ" href="https://www.benzinga.com/quote/GOOGL" target="_blank" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GOOGL">GOOGL</a>)</a>, granting access to roughly 110,000 <strong>Nvidia </strong><a class="ticker-link" data-ticker="NVDA" data-exchange="NASDAQ" href="https://www.benzinga.com/quote/NVDA" target="_blank" rel="noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NVDA">NVDA</a>)</a> GPUs across its data centers through mid-2029, days before its <a href="https://www.benzinga.com/markets/prediction-markets/26/06/53012390/spacex-ipo-buyers-will-likely-get-a-better-price-later-just-look-at-historical-ipo-returns">landmark public offering</a>.</p> <h2 class="wp-block-heading">Who Gets An Exit Clause</h2> <p>Under the agreement outlined in a regulatory filing on Friday, capacity ramps to full rate by September 2026 at a reduced fee, with an exit clause allowing <strong>Google </strong>to terminate immediately if SpaceX fails to deliver the committed GPU count by that deadline. After 2026, either party may exit with 90 days’ notice.</p> <p>The terrestrial compute deal also comes amid reports that Google and SpaceX are in separate <a href="https://www.benzinga.com/markets/prediction-markets/26/05/52499939/google-spacex-reportedly-in-talks-for-orbital-data-centers-ahead-of-musks-mammoth-ipo">talks to develop orbital data centers</a>, with Google reportedly planning prototype satellite launches by 2027 under its Project Suncatcher initiative.</p> <p>SpaceX's IPO prospectus indicates that its AI division ...</p><p><a href=https://www.benzinga.com/markets/tech/26/06/53046171/spacex-signs-920-million-monthly-ai-deal-with-google-days-before-blockbuster-ipo-110000-nvidia-gpus-?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=SpaceX Signs $920 Million Monthly AI Deal With Google Days Before Blockbuster IPO— 110,000 Nvidia GPUs Locked In Through 2029>Full story available on Benzinga.com</a></p> Anthropic CRWV Elon Musk Equities GOOG GOOGL Google Government Large Cap Morgan Stanley MS NBIS News NVDA Private Markets SPACE SpaceX Financing Contracts IPOs Startups Markets Tech GOOG US38259P7069 NVDA US67066G1040 MS US6174464486 CRWV GOOGL US38259P5089 NBIS News Equities Government SPACE Private Markets Large Cap Financing Contracts IPOs Startups Markets Tech Benzinga Sat, 06 Jun 2026 04:57:54 +0000 Mohd Haider 53046171 at https://www.benzinga.com HYDAWAY DIGITAL ENGAGES INVESTOR RELATIONS PROVIDERS AND REALITYCHEK REACHES MILESTONE TARGET https://www.benzinga.com/pressreleases/26/06/n53045893/hydaway-digital-engages-investor-relations-providers-and-realitychek-reaches-milestone-target?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">VANCOUVER, BC</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">June 5, 2026</span> /CNW/ -<b xmlns="http://www.w3.org/1999/xhtml"> Hydaway Digital Corp. </b>(TSXV:<a class="ticker" href="https://www.benzinga.com/quote/HIDE" rel="nofollow">HIDE</a>) (OTCQB:<a class="ticker" href="https://www.benzinga.com/quote/HIDDF" rel="nofollow">HIDDF</a>) (FSE: C88) <b xmlns="http://www.w3.org/1999/xhtml">("Hydaway" or the "Company")</b> announces that it has entered into a marketing and consulting agreement (the "<b xmlns="http://www.w3.org/1999/xhtml">OTBC Agreement</b>") with an arm's-length marketing firm, Outside the Box Capital Inc. ("<b xmlns="http://www.w3.org/1999/xhtml">OTBC</b>") of Oakville, Ontario, whereby OTBC will provide marketing and investor relations services, including marketing services through social media channels and online media distribution.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"> <img xmlns="http://www.w3.org/1999/xhtml" src="https://mmx.prnewswire.com/media/MS1803872/Hydaway_Digital_Corp.-HYDAWAY_DIGITAL_ENGAGES_INVESTOR_RELATIONS.jpg?id=OA2689874" title="Hydaway Digital Corp." alt="Hydaway Digital Corp." /> </p> </div> <p xmlns="http://www.w3.org/1999/xhtml">The OTBC Agreement commences on June 8, 2026 (the "<b xmlns="http://www.w3.org/1999/xhtml">Effective Date</b>") for an initial term ending December 8, 2026. In connection with the Marketing Agreement, the Company has agreed to pay OTBC (i) an upfront cash fee of $100,000 plus applicable taxes; and (ii) 100,000 stock options in the Company at an exercise price of $0.60 per share for a period of five years from the date of grant. The options will be subject to certain vesting requirements: 25% of the options will vest at three months from the date of grant and an additional 25% of the options will vest every three months thereafter.</p> <p xmlns="http://www.w3.org/1999/xhtml">OTBC is an entity controlled by Jason Coles. OTBC and Jason Coles are arm's length parties to the Company. Except for the stock options granted to OTBC, neither OTBC nor Mr. Coles have a director or indirect interest in the Company or its securities, or any right or intent to acquire such an ...</p><p><a href=https://www.benzinga.com/pressreleases/26/06/n53045893/hydaway-digital-engages-investor-relations-providers-and-realitychek-reaches-milestone-target?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=HYDAWAY DIGITAL ENGAGES INVESTOR RELATIONS PROVIDERS AND REALITYCHEK REACHES MILESTONE TARGET>Full story available on Benzinga.com</a></p> HIDDF News TSXV:HIDE Contracts Small Cap Press Releases Sat, 06 Jun 2026 01:29:00 +0000 PRNewswire 53045893 at https://www.benzinga.com Blue Jay Gold Corp. Announces Engagement of Oak Hill Financial Inc. for Investor Relations and Retention of Haywood Securities for Market Making Services https://www.benzinga.com/pressreleases/26/06/g53045015/blue-jay-gold-corp-announces-engagement-of-oak-hill-financial-inc-for-investor-relations-and-reten?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">VANCOUVER, British Columbia, June 05, 2026 (GLOBE NEWSWIRE) -- Blue Jay Gold Corp. (TSXV:<a class="ticker" href="https://www.benzinga.com/quote/JAY" rel="nofollow">JAY</a>) ("<strong>Blue Jay</strong>" or the "<strong>Company</strong>"), announces two concurrent capital markets engagements: (i) the retention of Oak Hill Financial Inc. ("<strong>Oak Hill</strong>") to provide business and capital markets advisory services including investor relations, effective June 5, 2026; and (ii) the retention of Haywood Securities Inc. ("<strong>Haywood</strong>") to provide market-making services for the common shares of the Company, effective June 4, 2026.</p> <p align="justify"><strong>Oak Hill Financial Inc. – Investor Relations Advisory</strong></p> <p align="justify">Oak Hill will provide business and capital markets advisory services, including raising the Company's profile with the investment community, assisting in the development and dissemination of investor presentation materials, and delivering regular monthly progress reports.</p> <p align="justify">The initial term of the agreement is three months. Following the initial term, the agreement may be extended on a month-to-month basis at the sole discretion of the Company. Upon renewal, the monthly fee will remain the same. Either party may terminate the agreement after the initial term upon five (5) business days' written notice. The Company will pay Oak Hill a monthly advisory fee of $12,000 plus pre-approved out-of-pocket expenses. There are no performance factors under the agreement with Oak Hill, and Oak Hill will not receive any common shares or other securities of the Company as compensation. Oak Hill has no present interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest. Oak Hill is an arm's length party to the Company. The Company's engagement of Oak Hill is subject to the approval of the TSX Venture Exchange (the "<strong>TSXV</strong>").</p> <p align="justify"><strong>Haywood Securities Inc. – Market-Making Services</strong></p> <p align="justify">The Company has retained Haywood to provide market-making services to assist in maintaining an orderly trading market for the common shares of the Company. The market-making service will be undertaken by Haywood as ...</p><p><a href=https://www.benzinga.com/pressreleases/26/06/g53045015/blue-jay-gold-corp-announces-engagement-of-oak-hill-financial-inc-for-investor-relations-and-reten?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=Blue Jay Gold Corp. Announces Engagement of Oak Hill Financial Inc. for Investor Relations and Retention of Haywood Securities for Market Making Services>Full story available on Benzinga.com</a></p> News TSXV:JAY Contracts Press Releases Fri, 05 Jun 2026 21:35:17 +0000 Globe Newswire 53045015 at https://www.benzinga.com Wage gains, retiree benefits highlight Port Colborne Steelworkers' contract at Vale https://www.benzinga.com/pressreleases/26/06/g53044972/wage-gains-retiree-benefits-highlight-port-colborne-steelworkers-contract-at-vale?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p>PORT COLBORNE, Ontario, June 05, 2026 (GLOBE NEWSWIRE) -- Major wage increases and the restoration of retiree health-care benefits are among the highlights of a new contract ratified by United Steelworkers (USW) union members working at the Vale Base Meals refinery in Port Colborne.</p> <p>The five-year collective agreement, covering more than 100 members of USW Local 6200 at the Vale refinery, provides a $4,000 ratification bonus and guaranteed total wage increases ranging from 20.5% to 25.7%. Wage increases could be even higher, if inflation exceeds a newly negotiated cost-of-living-allowance minimum guarantee over the contract's term.</p> <p>Another key achievement is a restoration of retiree health-care benefits that were lost during negotiations of the previous collective agreement in 2021. That concession affected new employees hired following the implementation of the 2021 contract.</p> <p>However, in the latest round of collective bargaining, USW Local 6200 negotiated new retiree health-care benefits for all employees hired since 2021. This is a huge victory for the membership, given ...</p><p><a href=https://www.benzinga.com/pressreleases/26/06/g53044972/wage-gains-retiree-benefits-highlight-port-colborne-steelworkers-contract-at-vale?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=Wage gains, retiree benefits highlight Port Colborne Steelworkers' contract at Vale>Full story available on Benzinga.com</a></p> News Contracts Press Releases Fri, 05 Jun 2026 21:31:46 +0000 Globe Newswire 53044972 at https://www.benzinga.com Arcanus Aerial Systems Signs Five-Year Production Agreement with FeralX Systems Inc. and Secures C$1 Million Strategic Investment Commitment https://www.benzinga.com/pressreleases/26/06/n53044804/arcanus-aerial-systems-signs-five-year-production-agreement-with-feralx-systems-inc-and-secures-c-?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p xmlns="http://www.w3.org/1999/xhtml" class="prntac"><i xmlns="http://www.w3.org/1999/xhtml">Under a Five-Year Canadian Manufacturing Agreement FeralX has agreed to Produce for the Arcanus' Unmanned Aerial Systems Programs; Arcanus has made a Strategic Equity Investment into FeralX's </i></p> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">TORONTO</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">June 5, 2026</span> /CNW/ - Arcanus Aerial Systems Inc. ("Arcanus"), a Canadian defence technology company specializing in advanced unmanned aerial systems, counter-UAS, and integrated battlefield solutions for NATO and allied markets has agreed with FeralX Systems Inc. ("FeralX" or the "Company"), a Canadian pre-listing defence technology company, to a five-year production and commercialization agreement. In conjunction with the agreement, Arcanus has committed to a strategic equity investment in FeralX of C$1 million, subject to closing.</p> <p xmlns="http://www.w3.org/1999/xhtml">Arcanus will work with FeralX as its Canadian-based contract manufacturer for several of the Arcanus' unmanned aerial system platforms. The investment made by Arcanus in intended to align the two companies commercially and financially.</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">FIVE-YEAR PRODUCTION AGREEMENT — EFFECTIVE IMMEDIATELY</b></p> <p xmlns="http://www.w3.org/1999/xhtml">Under the production agreement, dated May 12, 2026 and effective immediately, FeralX has been appointed as a non-exclusive contract manufacturer for Arcanus, with the right to manufacture, assemble, test, and deliver components and assemblies for Arcanus' unmanned aerial systems and directly derivative platforms in accordance with approved purchase orders.</p> <p xmlns="http://www.w3.org/1999/xhtml">All manufacturing under the agreement will take place in Canada. FeralX's existing production facility, which is just outside Toronto, is able to support Arcanus's initial deliveries of interceptor drones. The companies will worm together to establish production facilities for the larger drone platforms which are to be produced at a new, dedicated facility as volumes scale.</p> <p xmlns="http://www.w3.org/1999/xhtml">Key features of the production agreement include:</p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml">Five-year term, with mutual options to extend, providing multi-production capacity tied to purchase orders issued by Arcanus.</li> <li xmlns="http://www.w3.org/1999/xhtml">Domestic Canadian production, with mutual optionality to expand or reallocate capacity as combined volumes grow.</li> <li xmlns="http://www.w3.org/1999/xhtml">Reciprocal cross-selling, ...</li></ul><p><a href=https://www.benzinga.com/pressreleases/26/06/n53044804/arcanus-aerial-systems-signs-five-year-production-agreement-with-feralx-systems-inc-and-secures-c-?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=Arcanus Aerial Systems Signs Five-Year Production Agreement with FeralX Systems Inc. and Secures C$1 Million Strategic Investment Commitment>Full story available on Benzinga.com</a></p> Aerospace/Defense Financing agreements Licensing/Marketing Agreements News Contracts Press Releases Fri, 05 Jun 2026 21:23:00 +0000 PRNewswire 53044804 at https://www.benzinga.com Solid Gold Resources Corp. Announces Transaction with Apitipi Anicinapek Nation to Launch One of Canada's First Indigenous-Led Junior Mining Companies on Treaty 9 Lands https://www.benzinga.com/pressreleases/26/06/n53041362/solid-gold-resources-corp-announces-transaction-with-apitipi-anicinapek-nation-to-launch-one-of-ca?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">THORNHILL, ON</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">June 5, 2026</span> /CNW/ - Solid Gold Resources Corp. ("<b xmlns="http://www.w3.org/1999/xhtml">Solid</b> <b xmlns="http://www.w3.org/1999/xhtml">Gold</b>") is pleased to announce that it has entered into an arrangement agreement with Apitipi Anicinapek Nation ("<b xmlns="http://www.w3.org/1999/xhtml">AAN</b>") and Apitipi Anicinapek Asini Resources Corp. (the "<b xmlns="http://www.w3.org/1999/xhtml">AAARC</b>"), a wholly owned subsidiary of the AAN (the "<b xmlns="http://www.w3.org/1999/xhtml">Arrangement Agreement</b>"), whereby AAARC will acquire all of Solid Gold's mining claims covering over 21,000 hectares in Lake Abitibi area of Northern Ontario from Solid Gold, together with all related rights, data, permits and assets (collectively, the "<b xmlns="http://www.w3.org/1999/xhtml">Purchased Assets</b>"), pursuant to a court-approved plan of arrangement under Section 182 of the <i xmlns="http://www.w3.org/1999/xhtml">Business Corporations Act</i> (Ontario) (the "<b xmlns="http://www.w3.org/1999/xhtml">Transaction</b>").</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"> <img xmlns="http://www.w3.org/1999/xhtml" src="https://mmx.prnewswire.com/media/MS1858529/Solid_Gold_Resources_Corp--Solid_Gold_Resources_Corp._Announces.jpg?id=OA2685978" title="Solid Gold Resources Corp. Logo" alt="Solid Gold Resources Corp. Logo" /> </p> </div> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Transaction Overview</b></p> <p xmlns="http://www.w3.org/1999/xhtml">Under the Arrangement Agreement, AAARC will acquire the Purchased Assets, free and clear of liens other than permitted liens, in consideration for cash of $112,000 (the "<b xmlns="http://www.w3.org/1999/xhtml">Cash Consideration</b>") and the issuance to Solid Gold of common shares of AAARC representing, in the aggregate, not more than 10% of the issued and outstanding shares of AAARC, on a post-issuance basis (the "<b xmlns="http://www.w3.org/1999/xhtml">Share Consideration</b>", and together with the Cash Consideration, the "<b xmlns="http://www.w3.org/1999/xhtml">Consideration</b>"). No liabilities or obligations of Solid Gold will be assumed by AAARC.</p> <p xmlns="http://www.w3.org/1999/xhtml">Solid Gold will apply the Cash Consideration first to satisfy and discharge its liabilities and legacy creditors. The balance, if any, of the Cash Consideration and all of the Share Consideration will then be distributed to holders of Solid Gold common shares ("<b xmlns="http://www.w3.org/1999/xhtml">Non-Dissenting</b> <b xmlns="http://www.w3.org/1999/xhtml">Shareholders</b>"), other than dissenting shareholders of Solid Gold, as a return of capital, in each case <i xmlns="http://www.w3.org/1999/xhtml">pro rata</i> in proportion to their respective holdings of common shares of Solid Gold immediately prior to the closing of the Transaction, with the Share Consideration being distributed on the basis of an exchange ratio provided under the Arrangement Agreement (being the aggregate number of common shares of AAARC comprising the Share Consideration divided by the total number of common shares of Solid Gold outstanding immediately prior to the closing of the Arrangement, excluding shares held by dissenting shareholders). Upon completion of the Transaction, AAN will hold not less than 90%, and the Non-Dissenting Shareholders will hold, in the aggregate, not more than 10%, of the issued and outstanding shares of AAARC.</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Strategic Rationale: A Precedent for Economic Reconciliation</b></p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">A first-of-its-kind transaction</b>: The Transaction is believed to be the first Indigenous-led acquisition of a Canadian junior mining company, under which a First Nation, through its wholly-owned subsidiary, will acquire majority ownership and control of a mineral claim package on its own Treaty 9 territory.</li> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Resolution of long-standing litigation</b>: The Transaction is structured to bring an end to Solid Gold's litigation against the Crown in Right of Ontario (Court File No. CV-13-472464) (the "<b xmlns="http://www.w3.org/1999/xhtml">Crown Proceeding</b>") and to remove the "Pending Proceedings" notation that has encumbered the mining claims on Ontario's Mining Lands Administration System ("<b xmlns="http://www.w3.org/1999/xhtml">MLAS</b>") since November 2011.</li> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Indigenous ownership and control</b>: Through AAARC, AAN will hold majority equity and board control of mineral tenure on its own Treaty 9 territory, advancing development with the participation, consent and benefit of the AAN community.</li> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Return of a prospective land position to ...</b></li></ul><p><a href=https://www.benzinga.com/pressreleases/26/06/n53041362/solid-gold-resources-corp-announces-transaction-with-apitipi-anicinapek-nation-to-launch-one-of-ca?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=Solid Gold Resources Corp. Announces Transaction with Apitipi Anicinapek Nation to Launch One of Canada's First Indigenous-Led Junior Mining Companies on Treaty 9 Lands>Full story available on Benzinga.com</a></p> Acquisitions Mergers Mining/Metals News takeovers Contracts Press Releases Fri, 05 Jun 2026 19:19:00 +0000 PRNewswire 53041362 at https://www.benzinga.com GreenCore Solutions Corp. (GSC) Signs Multi-Year Asia BPC Supply Deal as Inbound Agent Traffic Hits Record Levels -- Asia-Pacific Crosses 1 Million Inbound Agent Requests https://www.benzinga.com/pressreleases/26/06/n53035576/greencore-solutions-corp-gsc-signs-multi-year-asia-bpc-supply-deal-as-inbound-agent-traffic-hits-r?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p xmlns="http://www.w3.org/1999/xhtml" class="prntac"><i xmlns="http://www.w3.org/1999/xhtml">GSC AI Agent Stack traffic up 207% quarter-over-quarter in 50 primary global markets</i></p> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">TORONTO</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">June 5, 2026</span> /CNW/ - GreenCore Solutions Corp. ("GSC") today announced a new Hygiene, Beauty and Personal Care (BPC) consumer packaged goods (CPG) customer in Asia. The manufacturer signed a three-to-five-year agreement to receive production volume sourced through GSC's agentic stack. Per customer agreement, GSC does not disclose further customer detail.</p> <p xmlns="http://www.w3.org/1999/xhtml">The timing tracks the importance of the Asia-Pacific region in B2B agentic procurement. It is the world's largest beauty, personal care, and hygiene market, valued at USD $150–170 billion and roughly 40% of global revenue (sources: Mordor Intelligence).</p> <p xmlns="http://www.w3.org/1999/xhtml">The signing comes as inbound demand across Asia surges. Asia-Pacific crossed 1 million GSC inbound agent requests for the first time, with overall inbound traffic across the GSC AI Agent Stack up 207% quarter-over-quarter, from 4.23M in Q1 to 12.98M in Q2 to date. Asia-Pacific is now GSC's third regional pillar behind EU and UK and the Americas — at roughly 14.6% of global inbound agent traffic, and the fastest-inflecting.</p> <p xmlns="http://www.w3.org/1999/xhtml">To capture that demand, GSC ...</p><p><a href=https://www.benzinga.com/pressreleases/26/06/n53035576/greencore-solutions-corp-gsc-signs-multi-year-asia-bpc-supply-deal-as-inbound-agent-traffic-hits-r?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=GreenCore Solutions Corp. (GSC) Signs Multi-Year Asia BPC Supply Deal as Inbound Agent Traffic Hits Record Levels -- Asia-Pacific Crosses 1 Million Inbound Agent Requests>Full story available on Benzinga.com</a></p> News Contracts Press Releases Fri, 05 Jun 2026 16:50:00 +0000 PRNewswire 53035576 at https://www.benzinga.com PANAMA-BUENA VISTA UNION SCHOOL DISTRICT TEAMSTERS RATIFY STRONG CONTRACT https://www.benzinga.com/pressreleases/26/06/n53030704/panama-buena-vista-union-school-district-teamsters-ratify-strong-contract?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p xmlns="http://www.w3.org/1999/xhtml" class="prntac"><b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">New Agreement Delivers Higher Wages, Health Care Improvements </i></b></p> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">BAKERSFIELD, Calif.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">June 5, 2026</span> /PRNewswire/ -- A group of 243 workers at Panama-Buena Vista Union School District, represented by Teamsters Local 87, have voted overwhelmingly to ratify a new agreement with the K-8 public school district which serves the Bakersfield community across 25 schools.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"> <img xmlns="http://www.w3.org/1999/xhtml" src="https://mmx.prnewswire.com/media/MS685095/Teamsters_Logo_v1.jpg?id=OA2678804" title="International Brotherhood Of Teamsters" alt="International Brotherhood Of Teamsters" /> ...</p></div><p><a href=https://www.benzinga.com/pressreleases/26/06/n53030704/panama-buena-vista-union-school-district-teamsters-ratify-strong-contract?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=PANAMA-BUENA VISTA UNION SCHOOL DISTRICT TEAMSTERS RATIFY STRONG CONTRACT>Full story available on Benzinga.com</a></p> Banking/Financial Services News Contracts Press Releases Fri, 05 Jun 2026 14:44:00 +0000 PRNewswire 53030704 at https://www.benzinga.com SurgePays Signs Master Services Agreement with BrandRap to Build Artificial Intelligence (AI) Decisioning Engine to Drive Higher Revenue Per Subscriber https://www.benzinga.com/pressreleases/26/06/g53026356/surgepays-signs-master-services-agreement-with-brandrap-to-build-artificial-intelligence-ai-decisi?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p>BARTLETT, Tenn., June 05, 2026 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/SURG" rel="nofollow">SURG</a>) ("SurgePays" or the "Company"), a fintech and mobile virtual network operator (MVNO) delivering prepaid wireless and financial products to approximately 138 million subprime consumers in the United States, today announced it has engaged BrandRap, a Irvine, California-based artificial intelligence and operations consultancy, to build a real-time AI decisioning engine to drive higher revenue per subscriber on ProgramBenefits.com.</p> <p>The Company expects Phase 1 production delivery of the build-out for July 2026 with key technology features:</p> <ul type="disc"> <li style="margin-bottom:7pt;"><strong>Multi-product monetization per session</strong> — eligibility, conversion probability, and ranked next-best-action returned across multiple verticals in a single consumer session.</li> <li style="margin-bottom:7pt;"><strong>Reduced customer acquisition cost</strong> — incremental revenue from existing ProgramBenefits.com traffic, not additional acquisition spend.</li> <li style="margin-bottom:7pt;"><strong>Fed by ProgramBenefits.com intake</strong> — the engine scores verified subprime consumer intent data captured at the top of the ProgramBenefits.com funnel, where SurgePays already owns the customer relationship.</li> <li style="margin-bottom:7pt;"><strong>Ranked next-best-action</strong> — the engine prioritizes the highest-probability, highest-margin offer per session rather than a static funnel.</li> <li style="margin-bottom:7pt;"><strong>Verified intent data as the input</strong> — scoring is built on verified subprime consumer intent data already flowing through the SurgePays stack.<br /></li> </ul> <p>The underlying consumer intake platform operated by Surge Logics, Inc., a SurgePays subsidiary, generated more than $50 million in legacy revenue under its prior model. SurgePays relaunched under the ProgramBenefits.com brand in November 2025, expanded distribution to three demand aggregators in December 2025, and advanced the architecture to real-time ...</p><p><a href=https://www.benzinga.com/pressreleases/26/06/g53026356/surgepays-signs-master-services-agreement-with-brandrap-to-build-artificial-intelligence-ai-decisi?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=SurgePays Signs Master Services Agreement with BrandRap to Build Artificial Intelligence (AI) Decisioning Engine to Drive Higher Revenue Per Subscriber>Full story available on Benzinga.com</a></p> News SURG SURGW Contracts Press Releases Fri, 05 Jun 2026 13:30:00 +0000 Globe Newswire 53026356 at https://www.benzinga.com USD.AI Provides $98.1M Debt Financing to Support Duos Edge AI GPU Deployment Managed by Hydra Host https://www.benzinga.com/pressreleases/26/06/n53026095/usd-ai-provides-98-1m-debt-financing-to-support-duos-edge-ai-gpu-deployment-managed-by-hydra-host?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p xmlns="http://www.w3.org/1999/xhtml">$98.1M in asset-backed debt financing to support the deployment of 2,304 NVIDIA B300 GPUs, managed by Hydra Host</p> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">NEW YORK</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">June 5, 2026</span> /PRNewswire/ -- USD.AI announced today that it has provided a $98.1 million, three-year debt facility to support the deployment of 2,304 NVIDIA B300 GPUs. The infrastructure will be operated by Duos Edge AI, Inc., a subsidiary of <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&l=en&o=4702155-1&h=3863653958&u=https%3A%2F%2Fwww.duostechnologies.com%2Fhome&a=Duos+Technologies+Group%2C+Inc" target="_blank" rel="nofollow" rel="nofollow">Duos Technologies Group, Inc</a>. ((<a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp, l=en&amp, o=4702155-1&amp, h=323198754&amp, u=https%3A%2F%2Fwww.globenewswire.com%2FTracker%3Fdata%3DNMPOj6y2NTEOKpTku2SwUbqBY-9MkwmwAaNLUnCrm4TbdcjW3uubMU13Jo9hA4wDQreZDFJO0mKcxNpg1COcoYg9v9tdF4mniNRlLvLgXSk%3D%26_gl%3D1*6au24o*_up*MQ..*_ga*MTUyMjM3OTc5NS4xNzgwMjM3Mjg0*_ga_B6167QB2TF*czE3ODAyMzcyODQkbzEkZzAkdDE3ODAyMzcyODQkajYwJGwwJGgxNDA2ODU5MDY.*_ga_ERWPGTJ5X8*czE3ODAyMzcyODQkbzEkZzAkdDE3ODAyMzcyODQkajYwJGwwJGgw&amp, NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/DUOT" rel="nofollow">DUOT</a>), and managed by <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&l=en&o=4702155-1&h=1804924328&u=https%3A%2F%2Fhydrahost.com%2F&a=Hydra+Host" target="_blank" rel="nofollow" rel="nofollow">Hydra Host</a> through its Brokkr AI Factory Operating System™.</p> <p xmlns="http://www.w3.org/1999/xhtml">USD.AI will provide asset-backed debt financing to support Duos Edge AI's GPU deployment, while Hydra Host will manage GPU-as-a-Service distribution and operations. Together, the structure aligns physical infrastructure deployment, GPU workload management, and dedicated financing into one vertically integrated model for AI compute expansion.</p> <p xmlns="http://www.w3.org/1999/xhtml">The transaction represents the latest deployment in what Hydra Host terms "<a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&l=en&o=4702155-1&h=452275065&u=https%3A%2F%2Fhydrahost.com%2Fblog%2Fblog%2Fai-factories-integrated-infrastructure-hydra-usd-ai%2F&a=AI+Factories" target="_blank" rel="nofollow" rel="nofollow">AI Factories</a>," modular, high-density compute infrastructure designed for large-scale AI workloads. The deal builds on the <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&l=en&o=4702155-1&h=173430249&u=https%3A%2F%2Fir.duostechnologies.com%2Fnews-events%2Fpress-releases%2Fdetail%2F830%2Fduos-technologies-group-executes-definitive-agreement-with&a=previously+announced+partnership" target="_blank" rel="nofollow" rel="nofollow">previously announced partnership</a> between Duos Technologies and Hydra Host, adding USD.AI as the financing layer to complete the stack: <b xmlns="http://www.w3.org/1999/xhtml">Duos deploys and operates the physical Edge Data Centers, Hydra Host manages GPU-as-a-Service distribution and operations, and USD.AI provides asset-backed debt financing.</b></p> <p xmlns="http://www.w3.org/1999/xhtml">USD.AI's facility is structured as non-recourse, non-dilutive, and off-balance-sheet, secured by the underlying GPU infrastructure and associated offtake contracts. This structure isolates risk from Duos Technologies' corporate balance sheet while providing the capital required to scale AI infrastructure deployment.</p> <p xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">"Duos and Hydra Host represent exactly the type of operators USD.AI was built for, those with public market discipline, operational expertise, and a growth trajectory that should not be constrained by opaque, illiquid financing rails,"</i> said <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&l=en&o=4702155-1&h=1972809641&u=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fconor-moore-351a3580%2F&a=Conor+Moore" target="_blank" rel="nofollow" rel="nofollow"><b xmlns="http://www.w3.org/1999/xhtml">Conor Moore</b></a><b xmlns="http://www.w3.org/1999/xhtml">, COO of </b><a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&l=en&o=4702155-1&h=2991595267&u=https%3A%2F%2Fwww.permianlabs.xyz%2F&a=Permian+Labs" target="_blank" rel="nofollow" rel="nofollow"><b xmlns="http://www.w3.org/1999/xhtml">Permian Labs</b></a><b xmlns="http://www.w3.org/1999/xhtml">, developer of USD.AI</b>. "<i xmlns="http://www.w3.org/1999/xhtml">USD.AI's role is simple: make sure financing never becomes the bottleneck.</i>"</p> <p xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">"Adding ...</i></p><p><a href=https://www.benzinga.com/pressreleases/26/06/n53026095/usd-ai-provides-98-1m-debt-financing-to-support-duos-edge-ai-gpu-deployment-managed-by-hydra-host?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=USD.AI Provides $98.1M Debt Financing to Support Duos Edge AI GPU Deployment Managed by Hydra Host>Full story available on Benzinga.com</a></p> Banking/Financial Services DUOT Financing agreements Licensing/Marketing Agreements News Contracts Press Releases Fri, 05 Jun 2026 13:19:00 +0000 PRNewswire 53026095 at https://www.benzinga.com S.A.F.E. Structure Designs Awarded U.S. Navy Contract for Submarine Torpedo Hatch Design, Engineering, and Manufacturing https://www.benzinga.com/pressreleases/26/06/n53025567/s-a-f-e-structure-designs-awarded-u-s-navy-contract-for-submarine-torpedo-hatch-design-engineering?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p xmlns="http://www.w3.org/1999/xhtml">Defense Manufacturing Company Expands Naval Engineering Capabilities Supporting U.S. Navy Undersea Warfare and Fleet Readiness Missions</p> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">LAS VEGAS</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">Jun. 5, 2026</span> /PRNewswire/ -- <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&l=en&o=4704955-1&h=2559962601&u=http%3A%2F%2Fwww.safe-2.com%2F&a=S.A.F.E.+Structure+Designs" target="_blank" rel="nofollow" rel="nofollow">S.A.F.E. Structure Designs</a>, a leading American defense manufacturing and engineering company, has successfully completed a U.S. Navy contract to design, engineer, and manufacture mission-critical torpedo hatch assemblies supporting Navy submarine operations and undersea warfare capabilities.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"> <a xmlns="http://www.w3.org/1999/xhtml" href="https://mma.prnewswire.com/media/2995414/S_A_F_E_awarded_contract_to_design.html" target="_blank" rel="nofollow" rel="nofollow"><br /> <img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/2995414/S_A_F_E_awarded_contract_to_design.jpg" title="S.A.F.E. awarded contract to design, engineer and manufacture torpedo hatches for U.S. Navy Subs" alt="S.A.F.E. awarded contract to design, engineer and manufacture torpedo hatches for U.S. Navy Subs" /><br /> </a> </p> </div> <p xmlns="http://www.w3.org/1999/xhtml">Awarded directly by the U.S. Navy, the project leveraged <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&l=en&o=4704955-1&h=1325880124&u=http%3A%2F%2Fwww.safe-2.com%2F&a=SAFE+Structure+Designs" target="_blank" ...</p><p><a href=https://www.benzinga.com/pressreleases/26/06/n53025567/s-a-f-e-structure-designs-awarded-u-s-navy-contract-for-submarine-torpedo-hatch-design-engineering?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=S.A.F.E. Structure Designs Awarded U.S. Navy Contract for Submarine Torpedo Hatch Design, Engineering, and Manufacturing>Full story available on Benzinga.com</a></p> Aerospace/Defense Maritime/Shipbuilding News Transportation/Trucking/Railroad Contracts Press Releases Fri, 05 Jun 2026 13:00:00 +0000 PRNewswire 53025567 at https://www.benzinga.com Boeing Delivers Riyadh Air's First Two 787 Dreamliner Jets https://www.benzinga.com/pressreleases/26/06/n53024797/boeing-delivers-riyadh-airs-first-two-787-dreamliner-jets?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml">Saudi carrier welcomes first airplanes from its order for up to 72 787 Dreamliners</li> <li xmlns="http://www.w3.org/1999/xhtml">Riyadh Air to launch operations with the 787-9 on regional and long-haul routes, supporting the Kingdom's vision for growth</li> </ul> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">RIYADH, Saudi Arabia</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">June 5, 2026</span> /PRNewswire/ -- Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BA" rel="nofollow">BA</a>) and Riyadh Air announced that the new carrier's first two passenger airplanes, 787 Dreamliners, were delivered and arrived in Riyadh, a milestone for the airline as it prepares to launch commercial service.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"> <img xmlns="http://www.w3.org/1999/xhtml" src="https://mmx.prnewswire.com/media/MS1858240/DSC00379-ID-a3b9fd94ac9d.jpg?id=OA2676159" title="Riyadh Air's first two 787 Dreamliners arrive to Riyadh" alt="Riyadh Air's first two 787 Dreamliners arrive to Riyadh" /> </p> </div> <p xmlns="http://www.w3.org/1999/xhtml">"To see our very first custom-built ...</p><p><a href=https://www.benzinga.com/pressreleases/26/06/n53024797/boeing-delivers-riyadh-airs-first-two-787-dreamliner-jets?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=Boeing Delivers Riyadh Air's First Two 787 Dreamliner Jets>Full story available on Benzinga.com</a></p> Airlines/Aviation BA News Transportation/Trucking/Railroad Contracts Press Releases Fri, 05 Jun 2026 12:30:00 +0000 PRNewswire 53024797 at https://www.benzinga.com Science&Humans Partners with Segic to Expand Access to Specialized Hormone Health Benefits https://www.benzinga.com/pressreleases/26/06/n53024146/science-humans-partners-with-segic-to-expand-access-to-specialized-hormone-health-benefits?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p xmlns="http://www.w3.org/1999/xhtml" class="prntac">New partnership brings comprehensive, clinician-led hormone health programs to Segic's Benefits Marketplace</p> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">TORONTO</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">June 5, 2026</span> /CNW/ - As employers face growing demand for more personalized healthcare solutions, Science&Humans, Canada's premier digital hormone health platform, announced a new partnership with Segic, a Quebec-based technology company specializing in the integrated management of employee benefits programs through a SaaS platform and third-party administration services.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"> <a xmlns="http://www.w3.org/1999/xhtml" href="https://mma.prnewswire.com/media/2995183/Science_and_Humans_Science_Humans_Partners_with%C2%A0Segic_to_Expand.html" target="_blank" rel="nofollow" rel="nofollow"><br /> <img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/2995183/Science_and_Humans_Science_Humans_Partners_with%C2%A0Segic_to_Expand.jpg" title="Science&Humans (CNW Group/Science and Humans)" alt="Science&Humans (CNW Group/Science and Humans)" /><br /> </a> </p> </div> <p xmlns="http://www.w3.org/1999/xhtml">Through this partnership, Science&Humans is expanding access to its full suite of virtual, clinician-led hormone health programs, now available through the Segic Benefits Marketplace. This integration enables employers, brokers, and plan sponsors to ...</p><p><a href=https://www.benzinga.com/pressreleases/26/06/n53024146/science-humans-partners-with-segic-to-expand-access-to-specialized-hormone-health-benefits?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=Science&Humans Partners with Segic to Expand Access to Specialized Hormone Health Benefits>Full story available on Benzinga.com</a></p> News Workforce Management/Human Resources Contracts Press Releases Fri, 05 Jun 2026 12:00:00 +0000 PRNewswire 53024146 at https://www.benzinga.com Seres Therapeutics Announces Two Transactions to Strengthen Balance Sheet, Reduce On-Going Lease Costs and Extend Projected Operating Cash Runway Well Into the First Quarter of 2027 https://www.benzinga.com/pressreleases/26/06/g53023295/seres-therapeutics-announces-two-transactions-to-strengthen-balance-sheet-reduce-on-going-lease-co?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="center"><em>Agreement with Nestlé Health Science provides $25 million payable to Seres in 2026 as a buy-out of potential future VOWST™ net sales-based milestones</em></p> <p align="center"><em>Restructured lease materially reduces ongoing annual facility cash costs and long-term lease liability</em></p> <p align="center"><em>Clinical data from investigator-sponsored SER-155 study in immune checkpoint inhibitor-related enterocolitis expected later this month</em></p> <p>CAMBRIDGE, Mass., June 05, 2026 (GLOBE NEWSWIRE) -- Seres Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/MCRB" rel="nofollow">MCRB</a>), ("Seres" or the "Company"), a leading live biotherapeutics company, today announced two transactions to strengthen its balance sheet and extend its expected operating cash runway well into the first quarter of 2027. Seres entered into an amendment to the prior asset purchase agreement whereby Nestlé Health Science will now pay Seres a total of $25 million (in two equal installments in July and October 2026) to buy out potential future VOWST™ net sales-based milestones, and a restructured lease agreement for one of Seres' locations which materially reduces the Company's leased space and ongoing annual facility cash costs and long-term lease obligations.</p> <p>Seres previously developed VOWST, the first orally administered microbiome-based therapeutic approved by the U.S. Food and Drug Administration for the prevention of recurrence of <em>Clostridioides difficile</em> infection in adults following antibacterial treatment for recurrent CDI. Seres sold the VOWST business to Nestlé Health Science in 2024.</p> <p>"We have taken meaningful actions to strengthen our balance sheet and extend our cash runway well into the first quarter of 2027," said Richard Kender, Executive Chair and Interim Chief Executive Officer of Seres. "The Company intends to continue to exercise rigorous financial discipline while advancing its live biotherapeutic programs in inflammatory and immune diseases and pursuing partnerships and other sources of capital to support continued pipeline development, including our Phase 2-ready SER-155 program in allo-HSCT. We look forward to the clinical readout expected later this month from the investigator-sponsored study of SER-155 in immune checkpoint inhibitor-related enterocolitis being conducted at Memorial Sloan Kettering Cancer Center, a long-term collaborator with Seres."</p> <p>"These transactions will improve our financial flexibility, and the lease restructure marks progress in our goal to reduce our leased space to align with our focused corporate strategy," said Marella Thorell, Chief Financial Officer of Seres. "We are pleased with these outcomes, which will provide near-term capital from the Nestlé agreement and significantly reduce our ongoing annual facility-related cash spending via the restructured lease. Importantly, while reducing fixed costs and preserving capital, we are maintaining the operational infrastructure needed to support our pipeline as ...</p><p><a href=https://www.benzinga.com/pressreleases/26/06/g53023295/seres-therapeutics-announces-two-transactions-to-strengthen-balance-sheet-reduce-on-going-lease-co?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=Seres Therapeutics Announces Two Transactions to Strengthen Balance Sheet, Reduce On-Going Lease Costs and Extend Projected Operating Cash Runway Well Into the First Quarter of 2027>Full story available on Benzinga.com</a></p> MCRB News Contracts Press Releases Fri, 05 Jun 2026 11:00:00 +0000 Globe Newswire 53023295 at https://www.benzinga.com EARLY WARNING REPORT REGARDING ‎JAMIL KASSAM https://www.benzinga.com/pressreleases/26/06/n53020378/early-warning-report-regarding-jamil-kassam?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">VANCOUVER, BC</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">June 4, 2026</span> /CNW/ - This news release is being disseminated as required by National Instrument 62‐103 - <i xmlns="http://www.w3.org/1999/xhtml">The Early Warning System and Related Take-Over Bid and Insider Reporting Issues</i> in connection with the filing of the Early Warning Report regarding the disposition of securities of Waskahigan Oil & Gas Corp. (the "<b xmlns="http://www.w3.org/1999/xhtml">Company</b>") by Jamil Kassam ‎( the "<b xmlns="http://www.w3.org/1999/xhtml">Vendor</b>").</p> <p xmlns="http://www.w3.org/1999/xhtml">Pursuant to a share transfer agreement between the Vendor and a certain ‎arm's-length purchaser (the "<b xmlns="http://www.w3.org/1999/xhtml">Acquiror</b>") dated June 3, 2026, (the "<b xmlns="http://www.w3.org/1999/xhtml">Share Transfer Agreement</b>"), the Vendor ‎agreed to dispose of 100,000 common ...</p><p><a href=https://www.benzinga.com/pressreleases/26/06/n53020378/early-warning-report-regarding-jamil-kassam?utm_source=benzinga_taxonomy&utm_medium=rss_feed_free&utm_content=taxonomy_rss&utm_campaign=channel alt=EARLY WARNING REPORT REGARDING ‎JAMIL KASSAM>Full story available on Benzinga.com</a></p> Banking/Financial Services News Oil Utilities Commodities Contracts Press Releases Fri, 05 Jun 2026 00:32:00 +0000 PRNewswire 53020378 at https://www.benzinga.com