Paramount Skydance Corporation Announces $41.4 Billion and €885 Million Senior Secured Notes Offerings and $8.5 Billion and €850 Million Term Loan B Facility Pricing

LOS ANGELES and NEW YORK, Sept. 30, 2026 /PRNewswire/ -- PARAMOUNT SKYDANCE CORPORATION (NASDAQ: PSKY) (the "Company") today announced that it has agreed to sell $3.5 billion aggregate principal amount of 6.30% Senior Secured First Lien Notes due 2028 (the "2028 First Lien Notes"), $3.5 billion aggregate principal amount of 6.55% Senior Secured First Lien Notes due 2029 (the "2029 First Lien Notes"), $6.5 billion aggregate principal amount of 7.05% Senior Secured First Lien Notes due 2031 (the "2031 First Lien Notes"), $5.25 billion aggregate principal amount of 7.55% Senior Secured First Lien Notes due 2033 (the "2033 First Lien Notes"), $5.25 billion aggregate principal amount of 7.90% Senior Secured First Lien Notes due 2036 (the "2036 First Lien Notes"), $1.25 billion aggregate principal amount of 8.65% Senior Secured First Lien Notes due 2046 (the "2046 First Lien Notes"), $3.5 billion aggregate principal amount of 8.75% Senior Secured First Lien Notes due 2056 (the "2056 First Lien Notes") and $1.25 billion aggregate principal amount of 8.90% Senior Secured First Lien Notes due 2066 (together with the 2028 First Lien Notes, the 2029 First Lien Notes, the 2031 First Lien Notes, the 2033 First Lien Notes, the 2036 First Lien Notes, the 2046 First Lien Notes and the 2056 First Lien Notes, the "First Lien Senior Secured Notes"). In addition, the Company has agreed to sell $6 billion aggregate principal amount of 8.250% Senior Secured Second Lien Notes due 2031 (the "2031 Second Lien Dollar Notes"), €885 million aggregate principal amount of 7.000% Senior Secured Second Lien Notes due 2031 (together with the 2031 Second Lien Dollar Notes, the "2031 Second Lien Notes"), $4 billion aggregate principal amount of 8.875% Senior Secured Second Lien Notes due 2034 (the "2034 Second Lien Dollar Notes"), and $1.4 billion aggregate principal amount of 9.125% Senior Secured Second Lien Notes due 2036 (the "2036 Second Lien Notes" and, together with the 2031 Second Lien Notes and the 2034 Second Lien Dollar Notes, the "Second Lien Senior Secured Notes", and, collectively with the First Lien Senior Secured Notes, the "Notes"). The sale of the Notes is expected to close on October 5, 2026, subject to customary closing conditions.

The Company today also announced that it has priced a senior secured incremental tranche of term "B" loans consisting of (a) a $8.5 billion U.S. dollar-denominated tranche (the "USD TLB Tranche"), increased from $7.5 billion as previously announced, with a corresponding reduction in the aggregate principal amount of the First Lien Senior Secured Notes, and (b) a €850 million EUR-denominated tranche (the "EUR TLB Tranche" and, together with the USD TLB Tranche, collectively, the "Incremental Term B Facility"). The loans under the Incremental Term B Facility (i) will be issued at a price equal to (A) with respect to the USD TLB Tranche, 99.75% of their face value (or with an original issue discount of 0.25%) and (B) with respect to the EUR TLB Tranche, 100% of their face value (or with no original issue discount) and (ii) will bear interest at a rate equal to (A) with respect to the USD TLB Tranche, Term SOFR (with a 0.00% floor) plus 2.75% per annum (with stepdown) and (B) with respect to the EUR TLB Tranche, EURIBOR (with a 0.00% floor) plus 2.75% per annum (with stepdown). The Incremental Term B Facility will mature in 2033. The closing of the Incremental Term B Facility is subject to customary closing conditions.

The Company intends to utilize the net proceeds of the Notes offerings, together with cash on hand, borrowings under previously announced term loan financings (including the Incremental Term B Facility) and the net proceeds of the previously announced equity financing, to, among other things, finance the purchase price for its previously announced acquisition (the "Acquisition") of Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD") and the repayment of certain existing debt. Pending the consummation of the Acquisition, the net proceeds from these offerings may be invested temporarily in cash equivalents or short-term investments. Consummation of the Notes offerings is not a condition to the consummation of the Acquisition.

The Notes and related guarantees are being offered and issued pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the "Securities Act") and the rules and regulations of the Securities and Exchange Commission (the "SEC") promulgated thereunder, and are also not being registered under any state or foreign securities laws. The Notes are only being offered and issued to persons who are (a) reasonably believed to be "qualified institutional buyers" as defined in Rule 144A under the Securities Act, or (b) not "U.S. persons," as defined in Rule 902 of Regulation S under the Securities Act. The Notes have not been and, except with respect to the First Lien Senior Secured Notes which will have registration rights, will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security, and does not constitute an offer, solicitation, or sale of any security in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Any offer of the Notes will be made only by means of the private offering memoranda, and this press release is not an offer of securities for sale in the United States or any other jurisdiction.

About Paramount, a Skydance Corporation

Paramount, a Skydance Corporation is a next-generation global media and entertainment company, comprised of three business segments: Studios, Direct-to-Consumer, and TV Media. PSKY's portfolio unites legendary brands, including Paramount Pictures, Paramount Television, CBS, CBS News, CBS Sports, Nickelodeon, MTV, BET, Comedy Central, Showtime, Paramount+, Pluto TV, and Skydance Animation, Film, Television, Interactive/Games, and Paramount Sports Entertainment.

PSKY-IR

Cautionary Note Concerning Forward-Looking Statements

This communication contains "forward-looking statements" regarding, among other things, the potential Acquisition of WBD, including the terms and timing thereof, and the proposed financing in connection with the Acquisition, including the consummation and proposed terms of the Notes offerings. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company or WBD.

SANTA MONICA, Calif., Sept. 30, 2026 /PRNewswire/ -- STARZ issued the following statement regarding the status of its negotiations with Verizon and the potential loss of all STARZ channels, STARZ On Demand and the STARZ app through Verizon Fios.

"STARZ has been negotiating in good faith with Verizon on a distribution agreement that would ensure our shared customers continue to have uninterrupted access to STARZ's premium programming," said Alison Hoffman, President of STARZ Networks. "As an independent programmer dedicated to women and underrepresented audiences, STARZ is vital to a competitive media marketplace, providing diverse programming alternatives to content from larger conglomerates. Limiting access to STARZ would reduce competition and consumer choice. Unless an agreement is reached imminently, our viewers should be prepared for Verizon to remove STARZ."

If this happens, it would impact Verizon Fios' customers' ability to watch STARZ's programming, including the full "Power" Universe and the upcoming "Power: Origins," every episode of the timeless romantic drama "Outlander" and its critically acclaimed prequel, "Outlander: Blood of my Blood," the upcoming season of the award-winning "P-Valley," the current season of the crime drama "S.W.A.T. Exiles," and the upcoming premiere of critically acclaimed drama, "Tip Toe," which are available exclusively on STARZ. Fans would also lose access to STARZ's extensive film library, including the global phenomenon Michael.

About STARZ

STARZ (NASDAQ: STRZ) is the leading premium entertainment destination for women and underrepresented audiences, and home to some of the most popular franchises and series on television. STARZ offers a robust programming mix for discerning adult audiences, including boundary-breaking originals and an expansive lineup of blockbuster movies, and is embodied by its brand positioning "We're All Adults Here." Complementary to any platform or service, STARZ is available across a wide range of digital OTT platforms and multichannel video distributors and is a bundling partner of choice. STARZ is powered by an industry-leading advanced technology, data analytics and digital infrastructure and the highly rated and first-of-its-kind STARZ app.

# # #

Press Inquiries - Contact:

Jennifer Minezaki

[email protected] 

Erin Moody

[email protected]

Stephanie Lambert

[email protected]

SOURCE Starz Entertainment LLC

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PHILADELPHIA, Sept. 30, 2026 /PRNewswire/ -- Brad M. Rostolsky, a shareholder in global law firm Greenberg Traurig, LLP's Health Care & FDA Practice in Philadelphia, was named to City & State's 2026 "Trailblazers in Healthcare" list.

According to City & State, this year's list recognizes "the most influential people making a difference across the healthcare industry."

With more than two decades of experience in health care regulatory and transactional law, Rostolsky advises a broad range of health care and life sciences clients, including hospitals, health plans, medical practices, electronic health record providers, management companies, pharmaceutical manufacturers, and medical device companies. His practice spans federal and state fraud and abuse, licensure, and health information privacy and security matters, including compliance with HIPAA, state privacy laws, and Part 2. He also regularly counsels clients navigating the evolving digital health landscape, helping structure business arrangements and operational models to advance strategic objectives within complex regulatory frameworks. Rostolsky also has extensive experience guiding clients through significant privacy and security incidents, including incident response, regulatory investigations, and related compliance matters.

An active member of his community, Rostolsky holds membership and leadership roles in several professional organizations, including serving as longtime co-chair of the Philadelphia Bar Association's Health Law Committee and co-chair of the American Health Lawyers Association's Privacy and Security Compliance and Enforcement Affinity Group. He also serves as an adjunct professor at the University of South Carolina School of Law, teaching Health Care Privacy since 2023. He has been recognized by leading industry publications including The Best Lawyers in America, Chambers USA, and The Legal 500 United States for his work in the health care sector.

About Greenberg Traurig: Greenberg Traurig, LLP has approximately 3,200 lawyers across 51 locations in the United States, Europe, the Middle East, Latin America, and Asia. The firm's broad geographic and practice range enables the delivery of innovative and strategic legal services across borders and industries. Recognized as a 2025 BTI "Best of the Best Recommended Law Firm" by general counsel for trust and relationship management, Greenberg Traurig is consistently ranked among the top firms on the Am Law Global 100, NLJ 500, and Law360 400. Greenberg Traurig is also known for its philanthropic giving, culture, innovation, and pro bono work. Web: www.gtlaw.com.

SOURCE Greenberg Traurig, LLP

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LG Energy Solution Partners With indiGOtech to Explore 46-Series Cylindrical Battery Supply for U.S. Commercial Electric Vans

SEOUL, South Korea, Sept. 30, 2026 /PRNewswire/ -- LG Energy Solution today announced that it has signed a non-binding memorandum of understanding (MoU) with U.S.-based commercial electric vehicle (EV) startup indiGOtech to explore battery supply and technological collaboration.

indiGOtech is headquartered in Woburn, Massachusetts, and specializes in electrifying commercial van platforms for the North American market. The company is developing an ecosystem that integrates vehicles, charging infrastructure, and digital services.

Under the MoU, the partners will work toward a final agreement for LG Energy Solution to supply 46-series NCM cylindrical battery cells from 2027 to 2030 for indiGOtech's upcoming Flow Ride and Flow Cargo EVs.

The partners will support joint business development through vehicle-battery integration and performance verification efforts. To maximize vehicle performance, both companies intend to review opportunities to extend driving range and reduce charging times.

"Urban ride hail and delivery must electrify and automate at scale, but today's electric vehicles are not designed for purpose, and are severely limited by the local charging infrastructure – that's why vast majority of rides and deliveries are still driven by gas vehicles." said Will Graylin, Chairman and CEO of indiGOtech. "Working toward a long-term relationship with LG Energy Solution brings together advanced battery technology for durable economic advantage for vehicles, drivers and fleet operators."

"Based on LG Energy Solution's 46-series NCM cylindrical battery technology that boasts high energy density and rapid charging capabilities, we will closely collaborate with indiGOtech, which is successfully building the Transportation-as-a-Service (TaaS) ecosystem in the U.S.," said Sunghwan Oh, Mobility & IT Battery Marketing Group Leader of LG Energy Solution. "Leveraging this partnership, we plan to enter the diverse commercial vehicle market in the U.S., including logistics, last-mile delivery, and ride-hailing."

LG Energy Solution is also strengthening its competitiveness by securing additional customers for its 46-series cylindrical batteries. The company reported that cylindrical battery shipments increased by 1.5 times year on year as of Q2, supported by stable mass production and expanded deliveries of its 46-series batteries.

About LG Energy Solution

LG Energy Solution (KRX: 373220) is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With more than 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 100,000 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit https://news.lgensol.com.

About indiGOtech

indiGOtech is building the intelligent mobility platform for the next era of sustainable local transport and commerce. Headquartered in Woburn, Massachusetts, the company develops an integrated ecosystem that combines smart electric vehicles, charging infrastructure, and mobility services—engineered to reduce cost per mile and maximize fleet performance. Through its connected platform, indiGOtech aims to accelerate the electrification of commercial fleets across logistics, last-mile delivery, and ride-hailing segments in North America.

SOURCE LG Energy Solution

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FIRST-IN-HUMAN STUDY DEMONSTRATES Qi601 CAN PHYSICALLY CAPTURE MICROPLASTICS

Peer-reviewed research reports the first human proof-of-concept evidence of a technology intentionally designed to capture microplastics

SARASOTA, Fla., Sept. 30, 2026 /PRNewswire/ -- Micro- and nanoplastics are now found throughout the environment - in the air we breathe, the water we drink and the food we eat - and have been detected in multiple tissues within the human body.

Avoiding plastic bottles, cutting boards and food containers may reduce exposure, but plastics have become so widespread that they are increasingly difficult to avoid.

New peer-reviewed research published in Frontiers in Microbiology reports the first human in-vivo proof-of-concept evidence of an administered technology intentionally designed to physically capture microplastics.

The study evaluated Qi601®, a proprietary, non-living postbiotic developed by Quorum Innovations to bind micro- and nanoplastics within the gastrointestinal tract before they can interact with intestinal cells.

First-of-Its-Kind Human Findings

Researchers directly observed microplastic particles released from chewing gum physically associated with Qi601 agglomerates in human saliva. In the gum-plus-Qi601 sample was approximately 91% lower than in the gum-only

sample.

"For the first time, a published human proof-of-concept study shows a technology intentionally designed to capture microplastics physically associating with those particles in a human setting," said Eva A. Berkes, MD, co-founder, Chief Science Officer and lead author. "This opens an entirely new approach to unavoidable plastic exposure."

Follow-on laboratory studies simulating oral, stomach and intestinal digestion found that Qi601retained 92% depletion of nanoplastics. Furthermore, Qi601 captured and prevented nanoplastics from entering into human colon cells by 98%.

"Qi601 represents a fundamentally different approach: barrier protection through physical sequestration," said Nicholas

T. Monsul, MD, co-founder, CEO and study co-author. "You take Qi601 by mouth as a supplement. The goal is to capture these particles in the gastrointestinal tract, reduce their interaction with intestinal cells and facilitate their natural elimination."

Qi601 is derived from heat-inactivated Limosilactobacillus fermentum LfQi6. The FDA issued a safety letter, GRAS Notice GRN 000988.

Quorum Innovations was founded by physician-scientists Dr. Eva Berkes and Dr. Nicholas Monsul, whose training includes the Scripps Research Institute (AB), Yale University School of Medicine (NTM), and The Johns Hopkins Hospital (NTM. The company has received two DARPA Direct-to-Phase II awards for barrier-defense technology and holds more

than 55 U.S. and international patents.

Study and Media Information

Study: https://doi.org/10.3389/fmicb.2026.1881786

Web: QuorumInnovations.com MyGutGuardian.com

Media contact: Quorum Innovations [email protected]

SOURCE QUORUM INNOVATIONS

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Vyrao is acquired by a newly established Healthcare & Beauty Platform, Tresalis, Naming Yasmin Sewell Chief Brand Officer

The new owner-operator platform, anchored by ATHOS and Dr. Fernando Tamez, becomes majority shareholder and operating partner; founder Yasmin Sewell continues to lead as Chief Brand Officer and shareholder.

LONDON, Sept. 30, 2026 /PRNewswire/ -- A new owner-operator platform, Tresalis, built to acquire and grow science-and efficacy-led consumer health, beauty and wellness brands, today announced the acquisition of Vyrao, the London-founded wellbeing fragrance house. The transaction brings Vyrao under the majority ownership and operating partnership of the new platform. Yasmin Sewell and existing investors will retain minority equity interests in the business.

The new platform is acquiring and building differentiated brands, combining long-term capital with hands-on operating capabilities across brand growth, commercialization, international expansion and shared infrastructure. Focused on science-led brands, the platform brings together an experienced founding team, anchored by ATHOS, a Munich-based family office, and Dr. Fernando Tamez, a serial entrepreneur in health and beauty. Vyrao is its first acquisition and will retain its distinct brand identity and leadership while benefiting from the group's clinical expertise, operating resources and global network.

Yasmin Sewell, who founded Vyrao in 2021, will continue to lead the brand's creative and strategic direction as Founder, Chief Brand Officer and shareholder.

Existing investors including but not limited to Elevate Beauty and Manzanita Capital remain equity partners in Vyrao following the transaction. Victoria Kisseleva and Alex Lewis from FRP Corporate Finance advised on the transaction.

"I created Vyrao with the sole purpose of elevating our mood and energy - the brand was always about our well-being with fragrance as the first medium. To be on this new journey now with such brilliant partners, and to be the first on a new platform that's in complete synergy with the vision and intention of Vyrao is so exciting. It also feels very kismet." — Yasmin Sewell, Founder, Chief Brand Officer and Shareholder, Vyrao

"We are incredibly excited about the acquisition of Vyrao, a rare brand that sits at the intersection of luxury fragrance, emotional wellbeing, and credible science with a truly distinctive identity and enormous potential to scale globally. The acquisition marks our first investment from Tresalis, the broader platform we have created in partnership with ATHOS, focused on identifying exceptional brands with strong authenticity, differentiated intellectual property and significant international potential." — Dr. Fernando Tamez

"Vyrao has always stood apart as a pioneer in the beauty category. This partnership is exactly the right next step for the brand to further expand and achieve its full potential. We see tremendous opportunity ahead and are confident in the platform ATHOS and Dr. Tamez are building. Combined with Yasmin's creative leadership and Vyrao's distinctive identity, it is a powerful foundation for growth. Elevate Beauty is genuinely excited to remain part of the journey in the brand's next chapter."— Cori Aleardi, Founding Partner, Elevate Beauty

About Vyrao

Built on the belief that energy is everything, Vyrao is the pioneer of a new genre of fragrance – reimagining scent as a catalyst for wellbeing by blending master perfumery with the principles of neuroscience. The name derives from the Latin verb "vireo", meaning "I am verdant, I am vigorous, I sprout fresh green growth" – underscoring the brand's energy-amplifying purpose.

Vyrao was founded by Yasmin Sewell, renowned fashion and creative director behind luxury retailers Browns and Liberty, and a certified expert in reiki, with extensive training in Ayurveda, flower essences, and other holistic practices. Sewell set out to build a brand around the belief that joy and wellness are the new luxury, bringing a revolutionary, multi-dimensional approach to mood-boosting fragrance.

Each neuroscent is developed using clean ingredients and informed by neuroscience research into their emotional benefits, in partnership with International Flavors & Fragrances' Science of Wellness program. Since launching The Sixth, Vyrao has gone on to release Sun Rae, Mamajuju, Ludeaux, Ludatrix and, most recently, Ever 11, each built around ingredients selected for their mood effects. As part of its continued evolution, in 2025, Vyrao worked with IFF's Science of Wellness program to reformulate four of its original fragrances – Witchy Woo, Free 00,Georgette, and I am Verdant – ensuring that all ingredients are not only vegan and cruelty-free but also non-toxic and phthalate-free.

The range has since expanded beyond fragrance into candles, incense, and cream scents. In 2026, Vyrao entered body care with its multi-award-winning cream scents for hands and neck – a new, multifunctional fragrance format.

"I founded Vyrao with the intention of sparking joy and boosting emotional wellbeing through the senses: scent, colour, light, and image," said Sewell.

In the five years since launch, Vyrao has grown into a global presence, now stocked by leading retailers including Liberty London, Harvey Nichols, Space NK, Mecca, Skins, Revolve, FWRD, Goop, The Webster and Violet Grey.

Along the way, the brand has been recognised by leading titles including Vogue, Allure, BoF, Forbes, The New York Times, HTSI and ELLE, and has received more than 15 industry awards, including Fragrance Foundation UK, InStyle, Marie Claire UK & US, GQ Grooming, Harper's Bazaar Fragrance & Skincare Awards, and Condé Nast Traveller.

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ALPHARETTA, Ga., Sept. 30, 2026 /PRNewswire/ -- Mynd.ai, Inc. ("Mynd") (NYSE American: MYND) today announced that its subsidiary, Promethean®, a leading provider of educational technology solutions, has launched an AI Companion for its Explore Everything® app – using on-device artificial intelligence enabled by opting in to Apple Intelligence™ to help educators turn existing classroom content into tailored teaching materials in seconds.

Available now on compatible Apple devices, AI Companion allows educators to select any element on an Explain Everything page – including text, an image or a drawing – and generate content that fits naturally into their lesson.

From lesson plans, quizzes and vocabulary lists to suggested next steps and activities that deepen understanding, teachers can create additional materials without moving between platforms or interrupting their workflow. Generated content is placed directly within the Explain Everything canvas, where it can be adapted and incorporated into the lesson.

AI Companion can also create audio narrations, translate text for learners whose first language is not English and generate accessibility descriptions, helping educators respond to different needs without relying on additional tools.

AI Companion works entirely on the user's device, without an internet connection and ensuring that the data never leaves the device. Teachers can therefore use it wherever they work, while schools avoid the additional privacy administration associated with third-party processing.

Explain Everything, Promethean's award-winning lesson creation and delivery software, has been recognised by Apple as an App Store Editors' Choice and downloaded more than 25 million times worldwide. The platform brings content creation, presentation, recording and collaboration together on an infinite canvas. AI Companion joins intelligent tools including Image Playground™, Isolate Subject, Recognize Drawings and Scan Text, supporting image generation, subject isolation, drawing recognition and the digitisation of handwritten notes.

"Explain Everything has always been about giving content creators the freedom to create and deliver materials in the way that works best for them," said Michael Strand, Executive Vice President and Chief Revenue Officer at Promethean.

"AI Companion is a natural extension of that approach, bringing practical AI directly into the teaching workflow. By reducing the manual work involved in creating tailored and accessible content, it gives teachers more time to focus on adapting lessons and engaging learners."

Explain Everything AI Companion is available now on devices running iPadOS 27 or iOS 27 and later, with Apple Intelligence enabled.

PRICING

AI Companion is available to Explain Everything Advanced and Pro users at no additional cost. Learn more about Explain Everything or download it from the Apple App Store.

About Mynd.ai, Inc.

Mynd is a global leader in interactive technology offering best-in-class hardware and software solutions that help organizations create and deliver dynamic content; simplify and streamline teaching, learning, and communication; and facilitate real-time collaboration. Our award-winning interactive displays and software can be found in more than 1 million learning and training spaces across 126 countries. Our global distribution network of more than 4,000 reseller partners and our dedicated sales and support teams around the world enable us to deliver the highest level of service to our customers. Learn more at www.mynd.ai.

©2026 Promethean Limited. All rights reserved. Promethean, the Promethean logo, Explain Everything, and ActivPanel, are trademarks or registered trademarks of Promethean Limited in the United Kingdom, United States, and other countries around the world. All third-party trademarks (including logos and icons) referenced by Promethean remain the property of their respective owners.

For further information, please contact:

Promethean PR contact

Rachel Ashmore

[email protected]

+44 (0) 7977 925 429

SOURCE Mynd.ai

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bolttech and Bold Penguin enter global strategic partnership

Recognized insurtech leaders to develop joint commercial and personal lines offering, serving agents, insurers and embedded partnerships with a seamless digital experience

LAS VEGAS, Sept. 30, 2026 /PRNewswire/ -- Today, award-winning AI-enabled insurance distribution platforms Bold Penguin and bolttech announce a global strategic partnership to create a joint commercial and personal lines offering for agents, insurers and embedded partnerships in the U.S., Europe and Asia. bolttech is a leading global insurtech operating in 39 countries and four continents, focused on innovative and AI-led insurance distribution. Bold Penguin focuses exclusively on commercial lines and operates the premiere distribution network and digital exchange with its advanced technology, innovative partnerships, and digital & AI solutions.

The global collaboration will support customers across personal and commercial lines distribution by bringing together complementary capabilities into a unified offering. Joining forces will leverage and accelerate both companies' roadmaps, allowing each to deepen focus on their strengths while enabling customers to take full advantage of the connections and capabilities of the combined platforms.

- Bold Penguin provides a commercial lines digital exchange, data & AI services through "DeX ai", and an integrated commercial carrier network.

- bolttech provides access to insurance and protection services across commercial and personal lines, AI-enabled workflows, and global insurance distribution expertise.

Both companies bring unrivaled scale, expertise, innovation and R&D capabilities to the partnership.

Rob Schimek, Group Chief Executive Officer, bolttech said: "Bold Penguin is the leading commercial insurance distribution platform. Their submission automation, AI-powered underwriting workflows and commercial orchestration platform complement our technology capabilities, personal lines expertise, and insurance ecosystem globally. Together, we can deliver a more seamless, connected insurance experience for distribution partners and customers around the world."

Peter B Settel, President and CEO, Bold Penguin said: "We have great awareness and respect for bolttech's mission to address the global protection gap. The work Rob and team have done leading in embedded distribution and building the most globally scaled insurtech make them the perfect partner for us to join with and offer our shared customers truly unique options and solutions. While we expand globally, we will also now offer Bold Penguin's US customers bolt's personal lines solutions through a single interface."

- Ends -

About Bold Penguin

Bold Penguin is a leading integrated digital solution platform dedicated to simplifying commercial insurance. Our technology makes the quote and bind process quick, effortless, and profitable for all parties - agents, brokers, and carriers. Bold Penguin's innovative product suite has digitized and transformed a slow, manual process resulting in reduced costs, increased efficiency, and better overall outcomes.

For more information, please contact us or visit www.boldpenguin.com

About bolttech

bolttech is a global insurtech with a mission to build the world's leading, technology-enabled ecosystem for protection and insurance. bolttech serves customers in 39 markets across Asia, Europe, North America, and Africa.

With a full suite of digital and data-driven capabilities, bolttech powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products.

For more information, please visit www.bolttech.io.

For more information about bolttech in North America (bolt), visit https://boltinc.com/

SOURCE bolttech

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SAN DIEGO, Sept. 30, 2026 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Alibaba Group Holding Limited (NYSE: BABA) publicly traded securities between June 26, 2025 and June 24, 2026, inclusive (the "Class Period"), have until this Monday, October 5, 2026 to seek appointment as lead plaintiff of the Alibaba class action lawsuit. Captioned Wistisen v. Alibaba Group Holding Limited, No. 26-cv-06654 (S.D.N.Y.), the Alibaba class action lawsuit charges Alibaba and Alibaba's Chief Executive Officer with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Alibaba class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-alibaba-group-holding-limited-class-action-lawsuit-baba.html

You can also contact Robbins Geller attorneys Ken Dolitsky or Michael Albert by calling 800/851-7783 or via e-mail at [email protected].

CASE ALLEGATIONS: Alibaba, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses.

The Alibaba class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) under the National Defense Authorization Act, any entities directly or indirectly controlled by or affiliated with the Chinese Ministry of Industry and Information Technology were considered a Chinese military company; (ii) Alibaba was directly or indirectly controlled by or affiliated with the Chinese Ministry of Industry and Information Technology; (iii) the risk of Alibaba carrying out distillation attacks against third-party AI models was not a mere hypothetical or inadvertent, but ongoing; and (iv) as a result, defendants' public statements about Alibaba's business, operations, and prospects were materially false and/or misleading at all relevant times.

On June 8, 2026, after market hours, the U.S. Department of Defense allegedly released an updated list identifying Chinese military companies that included Alibaba due to its direct or indirect control by or affiliation with the Chinese Ministry of Industry and Information Technology. On this news, the price of Alibaba's American Depositary Shares ("ADSs") declined nearly 4%, according to the complaint.

On June 24, 2026, shortly before the markets closed, Bloomberg published an article titled "Anthropic Accuses Alibaba of 'Illicitly' Accessing AI Models." According to the complaint, the article stated in part that "Anthropic said that a campaign by operators linked to Alibaba's Qwen AI lab targeted Claude's most prized capabilities, including software engineering and agentic reasoning, according to a letter that the AI startup sent to several US senators and White House officials." The article allegedly also added that "Anthropic warned that Alibaba and other Chinese labs are making systematic and unauthorized use of results from leading US models to develop a rival generation of chatbots at a fraction of the cost via a practice known as adversarial distillation." On this news, the price of Alibaba's ADSs fell 2.7% on June 24, 2026, and 4.7% further on June 25, 2026, according to the complaint.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Alibaba publicly traded securities during the Class Period to seek appointment as lead plaintiff in the Alibaba class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Alibaba class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Alibaba class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Alibaba class action lawsuit.

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CometAPI Delivers Unified Access to Frontier AI Models to Empower Developers

CometAPIis a platform that platform brings multimodal models and newly released frontier APIs into a single OpenAI-compatible interface

LOS ANGELES, Sept. 30, 2026 /PRNewswire/ -- As artificial intelligence moves rapidly from experimentation into production, developers are facing a new infrastructure challenge: the number of available AI models is growing faster than the tools and workflows needed to manage them.

Instead of working with a single model provider, modern AI teams increasingly need access to multiple large language models, image generators, video models, audio systems and specialized AI services. Each provider can introduce different APIs, authentication methods, SDKs, pricing structures and technical requirements. For developers, keeping pace with the model market can therefore mean spending significant engineering resources on integration and maintenance rather than product development.

CometAPI is positioning itself as an infrastructure layer designed to address that fragmentation. The platform provides a unified, OpenAI-compatible API through which developers can access more than 500 AI models, using a single API key and interface. According to CometAPI, the platform currently serves more than 10,000 active developers and provides average response times of less than 400 milliseconds and a 99.9% service uptime target.

Building AI Infrastructure Around Developers

The idea behind CometAPI is rooted in a problem that has become increasingly familiar to AI developers: model innovation is accelerating, but the underlying process of accessing those models remains fragmented.

CometAPI CEO Lee Sonic has described the motivation behind the platform in similarly practical terms. In a public statement about the company's origins, Sonic said that he started CometAPI after becoming frustrated with the multiple registrations, incompatible APIs, credit-card requirements and billing dashboards involved in testing different AI models.

"As a developer, I was exhausted from dealing with fragmented AI tools," Sonic wrote when describing the origins of CometAPI.

His broader argument is that AI infrastructure should absorb this complexity rather than transfer it to application developers. In another public post, Sonic described CometAPI not simply as an API aggregator, but as an infrastructure layer designed to make AI development less dependent on individual model providers.

That philosophy is reflected in the platform's technical architecture. Developers can use a single CometAPI credential to access models from multiple providers and switch models by changing the model parameter rather than rebuilding an application's entire integration layer.

For teams developing AI-powered SaaS products, coding assistants, automation systems, research applications and multimodal products, the model-agnostic approach can provide a way to evaluate different models according to quality, latency, availability and cost without maintaining an entirely separate integration for every provider.

CometAPI's public platform currently highlights more than 500 AI models, more than 10,000 active developers, average response times below 400 milliseconds and 99.9% service availability. The company also states that its pricing can provide ongoing savings of approximately 20% to 40% compared with official provider pricing, depending on the model and usage.

The underlying proposition is straightforward: as the number of AI models continues to increase, developers need infrastructure that can absorb model complexity rather than add another layer of it.

Frontier Models and Full Multimodal Coverage, Led by GPT-6 Astra

CometAPI prioritizes rapid integration of the industry's most capable models. Notably, the platform recently added OpenAI's GPT-6 Astra (On September 5, 2026) , a flagship reasoning and computer-use model featuring a 1.05-million-token context window and strong performance on complex coding, research, and agentic workflows. Developers can access GPT-6 Astra through the same unified key and dashboard used for all other supported models, at rates approximately 20% below official OpenAI standard pricing for both short- and long-context usage.

Beyond text and reasoning, CometAPI provides comprehensive multimodal support, including image generation, video generation (such as Kling and Veo series), audio transcription and synthesis, and specialized tools. This breadth allows teams to build end-to-end pipelines—combining language models with vision, video, and speech—under a single credential and consistent interface. This model diversity is particularly relevant as AI applications become less dependent on a single "best" model. Different tasks can require different trade-offs. A model optimized for reasoning may not be the most economical option for high-volume classification, while a specialized image or video model may be better suited to a creative workflow.

Independent developers and engineering leaders have echoed the practical benefits. Leonid Dolgirev, SDE-2 of Servicenow, stated: "As developers, we really enjoy communicating with the CometAPI support team, and we would not want to switch to alternative API services." Kevin, CEO of Bytewatchers, added: "We sincerely appreciate the CometAPI team for the excellent API support, partnership, and assistance—your help has enabled the successful use of API keys in the Claude Code setup and provided valuable second opinions, making you a fantastic partner." Daniel Schweig, a developer working with Kindle Direct Publishing workflows, noted the desire to consolidate LLM and image traffic onto the platform because of competitive pricing and unified access.

Faster Model Integration and Lower API Costs

The speed of AI model releases is creating a new requirement for infrastructure providers: keeping up with the frontier.

For developers, a model announcement is only the beginning. The next steps are accessing the API, testing performance, evaluating costs, comparing results with existing models and determining whether the new capability can improve a production workflow.

CometAPI has built its product roadmap around this continuous integration cycle.

Cost is another part of the equation.

CometAPI currently promotes **20% to 40% ongoing cost savings** compared with official model pricing, with a pay-as-you-go model and no monthly subscription requirement. The company says its pricing advantage comes in part from its ability to aggregate large-scale model usage and pass pricing efficiencies to developers.

The distinction becomes increasingly important as AI moves into production. A model that costs only a few cents per interaction at prototype scale can represent a substantial operating expense when multiplied across millions of API calls. For AI agents, automated workflows and high-volume SaaS products, the ability to compare models and optimize the balance between performance and cost can become an important part of infrastructure management.

CometAPI therefore combines three elements within a single platform: access to a growing range of frontier and multimodal models, a common API layer for integration, and pricing designed to reduce the cost of model usage.

Users highly value the CometAPI platform, likely because it genuinely offers them greater convenience.

Neha Jain, a Senior ML Engineer at PayPal and former Microsoft SDE, said, "CometAPI aims to make models available as quickly as possible—ideally on day one—once stable access is ready. So, instead of the workflow: **new model → find a provider → set everything up → start testing**, the process becomes much closer to: **new model → change the model name → start testing**." Kriti Jaiswal, an SDE-2 at ServiceNow, notes: "CometAPI places multiple models behind a single OpenAI-compatible API, making it easier to test routing strategies without the need to maintain separate integrations."

About CometAPI

CometAPI is an AI infrastructure platform designed to provide reliable, controllable and scalable access to multiple AI models through a unified API layer. The platform provides developers and businesses with access to more than 500 AI models through a single API and credential, covering language, image, video and audio use cases. CometAPI is designed to reduce integration complexity, support flexible model selection and provide transparent cost and usage management for AI applications in production environments.

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