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Hive Digital Technologies' Strategic Alliance with NVIDIA: A Leap Towards Digital Transformation

HIVE Digital Technologies

Hive Digital technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to share details about the company's engagement with NVIDIA, a pivotal player in the GPU market, particularly in Ethereum mining and the broader digital transformation landscape. Holmes highlighted Hive's substantial investments in NVIDIA's powerful GPU chips, initially for mining Ethereum and other cryptocurrencies. However, the company has now pivoted towards building ultra-high-performance computing systems. This strategic shift has elevated Hive to a platinum buyer status of NVIDIA's H100 GPUs, indicating the strong relationship between the two firms. Beyond the commercial relationship, Holmes emphasized the broader impact of NVIDIA's technology across various sectors, drawing parallels between attending NVIDIA's event and Warren Buffett's Annual Meetings. NVIDIA's trillion-dollar valuation and the unprecedented computational power of its GPUs are seen as transformative for industries worldwide. Holmes advocated for the rapid adoption of such technologies, including GPT chat, to streamline business operations. Regarding Hive's performance, Holmes expressed optimism, particularly in Bitcoin mining, which has seen substantial gains amid Bitcoin's price surge. With over 2,100 Bitcoins on its balance sheet, Hive anticipates further growth, especially with its focus on green energy and preparation for Bitcoin's halving event. This strategic positioning is expected to strengthen Hive's standing in both the Bitcoin mining and AI sectors, with significant developments like Amazon's acquisition of a nuclear reactor for electricity highlighting the evolving dynamics in data center operations. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 02, 2024 01:00 PM Eastern Daylight Time

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Xalles announces subsidiary CashX partners with Fluid Tech to enhance Virtual Gift Cards

Xalles Holdings

Xalles Holdings subsidiary CashX CEO Stephen Combe joined Steve Darling from Proactive to announce an exciting partnership between the company's subsidiary, CashXAI, and Fluid Tech, a pioneer in virtual gift card technology and advertising platforms. This collaboration aims to revolutionize financial services by introducing virtual Gift Cards to CashX users. Combe explained to Proactive that through this partnership, CashX users now have the opportunity to purchase and send Fluid Tech's V-Cards, offering a unique and personalized way to gift. These virtual gift cards can be redeemed for a diverse range of nationally recognized brands, providing recipients with unparalleled convenience and choice. Furthermore, the initiative supports cause marketing by enabling a percentage of V-Card proceeds to be donated to charity, enhancing the social impact of every transaction. In addition to enhancing the gifting experience, the collaboration introduces a significant advertising platform to CashX's ecosystem. The platform features content from prominent companies such as P&G, Pepsi/Coke, and others, enriching the CashX service offering. This partnership not only benefits CashX users by providing access to a wider array of gift options but also opens new revenue streams for participating companies and merchants through increased visibility and engagement. Overall, the partnership between CashXAI and Fluid Tech represents a strategic move to enhance the financial services offered by CashX while providing users with innovative gifting solutions. By leveraging virtual Gift Cards and integrating a robust advertising platform, CashX is well-positioned to deliver value to both users and participating businesses, fostering growth and driving engagement within its ecosystem. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 02, 2024 12:58 PM Eastern Daylight Time

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ARway.ai announces multiple new SaaS developer contracts in both the United States and Chile

ARway.ai

ARway.ai Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to announce multiple new SaaS developer sign-ups for its augmented reality experience platform, focusing on AR indoor navigation. These partnerships represent significant milestones in ARway’s mission to revolutionize human interaction with physical spaces through augmented reality. Gappelberg explained that La Casa de Juana, a pioneering real estate platform based in Chile, has signed up for ARway's developer plan. La Casa de Juana specializes in offering comprehensive online services for evaluating and booking rental property tours. By leveraging ARway’s cutting-edge technology, they aim to prototype and introduce augmented reality real estate tours, enhancing their services and user experience. In addition, Navigine, a global provider of hardware-based indoor navigation and wayfinding software, headquartered in New York and Berlin, has joined forces with ARway. Navigine’s expertise in utilizing WiFi and Bluetooth technologies, along with its blue dot technology, offers indoor navigation experiences. With Navigine's specialization in indoor navigation through hardware and beacons, covering over 3,000 unique facilities, their collaboration with ARway signifies a significant advancement in providing innovative indoor navigation solutions to users worldwide. These partnerships underscore ARway’s commitment to expanding its capabilities and global reach, enabling augmented reality integration into everyday applications and revolutionizing the way people interact with physical spaces. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

April 02, 2024 12:51 PM Eastern Daylight Time

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Cloud DX Achieves nearly 100 % Contract Renewals worth 1.5 million in revenue

Cloud DX

Cloud DX CEO Robert Kaul joined Steve Darling from Proactive to unveil some exciting developments as the company aims for a 100% renewal rate among its clients whose contracts are expiring in the first quarter of 2024. As of the current date, 11 out of 14 potential renewals have been secured, with the remaining 3 expected to follow suit. Cloud DX specializes in executing contracts with various healthcare providers, offering Connected Health Kits that include approved medical devices and customized tablet computers. These kits are prescribed to patients for chronic care management, post-surgical recovery, remote rehabilitation, or palliative care purposes. Kaul highlighted the diverse range of clients renewing their contracts in the first quarter, including Canadian hospitals, primary care clinics in Alberta, family health teams in Ontario, community paramedic services in Ontario, the Canadian Lung Health Foundation, and a Canadian Provincial health ministry. These clients collectively enrolled approximately 2,900 unique patients in 2023. With the renewal of these contracts, Cloud DX has received orders for Connected Health Kits valued at $96,000 CAD.Furthermore, recurring subscription revenues from these contracts are projected to increase to $575,000 CAD per year, amounting to a total contract value of $1.5 million CAD by December 31, 2025. It's worth noting that Cloud DX maintains a robust gross margin of approximately 77%, as indicated in the company's most recent Financial Statements. Overall, these developments underscore Cloud DX's commitment to advancing healthcare through innovative technology solutions, while also solidifying its position as a leader in the industry. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 02, 2024 12:46 PM Eastern Daylight Time

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Accesso's landmark deal with SEVEN marks strategic growth in the Saudi Market

Accesso Technology Group PLC

Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) chief executive Steve Brown joins Proactive's Stephen Gunnion with details of a significant partnership with Saudi Entertainment Ventures (SEVEN). Brown said the collaboration highlights accesso's strategy to grow its global footprint, underlined by its 2023 acquisition of VGS, now rebranded as accesso Horizon. SEVEN, aiming to develop an expansive entertainment ecosystem across Saudi Arabia, plans to introduce over 21 attractions and more than 150 experiences across 14 cities. Horizon will be instrumental in managing admissions and entitlements for this vast project, offering comprehensive ticketing solutions and an overall visitor management system. Brown said the deal represents accesso's most substantial engagement in the Saudi market to date, providing a solid foundation for further expansion within the region. The accesso Horizon platform supports dynamic pricing, among other advanced features, aligning with SEVEN's ambitious plans. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 02, 2024 10:52 AM Eastern Daylight Time

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Scrut Automation raises $10M in growth capital from Lightspeed and MassMutual Ventures to accelerate growth in North America

Scrut Automation

GRC platform Scrut Automation announced today that it has raised $10 million in growth capital from existing investors Lightspeed, MassMutual Ventures and Endiya Partners. The Scrut Automation team will use the funding to enhance their platform capabilities, incorporate generative AI use cases to reduce the manual effort for risk and compliance teams and expand to North American and European markets. With this round, the company has now raised $20.5 million in total venture funding since its inception in 2021. Scrut Automation was created to address the unique risk and compliance challenges faced by tech-first mid-market businesses in highly regulated industries. These companies grapple with stringent compliance requirements from regulators and industry bodies, and mounting pressure to keep risk under the threshold, but are often hindered by limited budgets and understaffed teams. Moreover, a rapidly evolving threat landscape, accelerated by the adoption of generative AI, massive layoffs in cybersecurity teams, and the counter-intuitive, yet very real increasing skill gap in cybersecurity further exacerbate the problem for the teams. “Mid-market organizations have limited options,” says Aayush Ghosh Choudhury, Co-founder and CEO of Scrut Automation. “They can buy off-the-shelf compliance automation tools that offer a one-size-fits-all approach to compliance, disconnected from the organizational risks; or invest in expensive enterprise-grade tools with year-long implementation and underutilized features.” Scrut Automation provides a third option for companies that seek to build scalable GRC programs aligned with the organization’s goals, risks, and resources. Scrut helps companies consolidate their compliance and risk management processes while contextualizing their risks, reducing duplication of effort, and automating control monitoring. “A core USP for Scrut is offering an extremely high degree of flexibility in creating GRC programs that fits closely with the customer’s environment. For example, a financial services company in the lending space will have very different regulations, compliance frameworks, and risks from a healthcare services company for hospitals. Scrut accounts for this context - as the platform adapts seamlessly to these differences. Scrut has also built practice areas for regulated industries like healthcare, financial services, and enterprise software, that allow the platform to embed expertise in addition to automation,” added Aayush Ghosh Choudhury. The Scrut platform pairs this configurability with deep automation capabilities and a proprietary unifying control framework. Integrating across a growing library of 75+ products, Scrut automates tests across more than 70% of the controls, reducing manual effort in chasing control owners and capturing evidence. This enables GRC teams to get near-real time visibility into their risk and compliance posture, enabling them to take corrective action on time. The unifying control framework ties the organization’s controls to compliance requirements, which eliminates the duplicate effort required to demonstrate compliance with different frameworks. Scrut customer Keshav Kumar, Data Protection Officer at VWO said: “Over the last financial year, we entered new geographies and industries, which were key drivers for our rapid growth. Our compliance requirements grew at a similar pace. Sourcing information across stakeholders, through multiple Google sheets, slack channels, and emails for compliance is an arduous job, something we don’t have to worry about since implementing Scrut.” As Scrut continues to grow, it aims to help mid-market companies build strong risk and compliance management practices with reduced dependency on human capacity and expertise, through an AI-first GRC concierge. "A strong security posture has always been a core need for large enterprises globally. Given the increase in the number of breaches and attacks over the past few years as well as increase in regulatory compliance requirements, mid-size enterprises are now adopting strong Governance, Risk, and Compliance (GRC) practices. Scrut's user-friendly and market-leading platform reduces this burden for security and GRC teams. We are happy to reaffirm our commitment to supporting the Scrut team." says Dev Khare, Partner at Lightspeed. Scrut Automation has been recognized by G2, a social software review platform, on their 2024 lists for fastest-growing products and best security software. “Legacy GRC products are built for enterprises, but fail to meet the needs of high-growth tech-first companies,” says Anvesh Ramineni, Managing Partner at MassMutual Ventures. “ Scrut Automation is built specifically to cater to their needs and addresses their pain points seamlessly. We're excited to support Aayush, Jayesh, Kush, and the Scrut team in building one of the fastest-growing GRC platforms globally.” Prior to Scrut Automation, co-founders Aayush Ghosh Choudhury and Jayesh Gadewar were building a procurement suite, where they spent months trying to fulfill the risk and compliance needs of their enterprise customers. Recognizing this widespread pain, they teamed up with Kush Kaushik, their third co-founder, who was helping them navigate the challenging terrain of compliance, to build Scrut Automation. With Scrut Automation, they have helped over 800 customers worldwide build enterprise-grade GRC programs. The company has also added angels and advisors from SaaS and cybersecurity sectors, including Sandeep Johri (CEO, CheckMarx), Sachin Lawande (CEO, Visteon), Vetri Vellore (Ex-Corporate VP at Microsoft), Naresh Agarwal (Head of India R&D for Traceable), Davis Hake (Co-founder, Resilience) and Todd Dekkinga (CISO, Zluri), to name a few. About Scrut Automation Scrut Automation is a SaaS-based Governance, Risk, and Compliance (GRC) platform that enables risk and compliance teams to establish scalable security controls and processes, and automate workflows seamlessly. By consolidating processes and eliminating the need for multiple legacy platforms and spreadsheets, Scrut Automation provides complete visibility into organizational risks, reduces compliance workloads, and simplifies audits. For more information, visit https://www.scrut.io/ About Lightspeed Lightspeed is a global multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally including Affirm, Acceldata, Carta, Cato Networks, Darwinbox Epic Games, Faire, Innovaccer, Guardant Health, Mulesoft, Navan, Netskope, Nutanix, Rubrik, Sharechat, Snap, OYO Ultima Genomics and more. Lightspeed and its global team currently manage $25B in AUM across the Lightspeed platform, with investment professionals and advisors in the U.S., Europe, India, Israel, and Southeast Asia. www.lsip.com About MassMutual Ventures MassMutual Ventures (MMV) is a multistage global venture capital firm investing in financial technology, enterprise SaaS, healthtech, climate technology and cybersecurity companies. With teams based in London, Singapore, and Boston, MMV manages over $1 billion in investment capital across the globe. We help accelerate the growth of the companies we partner with by providing capital, connections, and advice. With our deep expertise and extensive network, MMV helps entrepreneurs build compelling and scalable companies of value.. For more information, visit https://www.massmutualventures.com/ About Endiya Partners Endiya Partners is an early-stage venture capital firm with a proven track record of investing in scalable product startups. With a deep understanding of their domain and vast experience in entrepreneurship and operations, the Endiya team plays a major role in developing scalable businesses. The firm’s notable portfolio consists of multiple category-creating companies, including Darwinbox, Cult.fit, Kissht, SigTuple, Zluri, Qapita, Eyestem, Sugar.fit, Mylo, Scrut Automation, Steradian Semiconductors, Karkinos, Grip Invest, Myelin Foundry, and BluJ Aerospace. Founded in 2016, Endiya Partners has $100M under management. For more information, visit: https://endiya.com/ Contact Details Scrut Automation Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.scrut.io/

April 02, 2024 09:00 AM Eastern Daylight Time

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Sonrai Security Launches Industry's First Cloud Permissions Firewall for AWS, Azure, and Google Cloud

Sonrai Security

Sonrai Security, a leader in cloud security solutions, today unveiled the launch of the industry's first Cloud Permissions Firewall for AWS, Azure, and Google Cloud. This groundbreaking technology revolutionizes cloud access and permissions security, offering a seamless one-click least privilege solution with zero disruption for cloud operations and development teams. Sonrai's Cloud Permissions Firewall transforms the complex landscape of cloud access and permissions security into a streamlined process with just one click. By leveraging sensitive access and permissions intelligence, the Sonrai Cloud Permissions Firewall identifies and determines the necessary access or rights required for running workloads in the cloud. It then instantaneously blocks unnecessary and risky access to cloud services and permissions across the entire cloud estate. Development is uninhibited with automated exceptions for needed access and a frictionless permission-on-demand workflow that supports permission expansion as needed. Between AWS, Azure and GCP, there are over 42,000 possible permissions, with new permissions added daily. Thousands of permissions can be leveraged to do damage – including exposing data, nefarious entry, privilege escalation and lateral movement. As companies scale their clouds, unused sensitive access and privileges balloon, leaving gaping security holes. The Sonrai Cloud Permissions Firewall closes these holes instantly. “We have worked with companies and developers tasked with 1000’s of extra things to fix in their code, and it’s not working to solve this pressing security problem or privilege and access bloat,” said Brendan Hannigan, CEO and co-founder of Sonrai Security. “We knew there was a better option than just another ‘visibility tool’ – The Cloud Permissions Firewall delivers action that automatically closes these security vulnerabilities with zero-disruption to ongoing operations.” The Cloud Permissions Firewall delivers: 92% reduction in the cloud permissions attack surface 97% time saved accomplishing least privilege 100% protection of new identities “The challenge about deleting unused identities or enforcing least privilege is we know it's the ‘right’ thing to do, but everyone’s afraid it’ll break something or interrupt our development cycles,” said Preetam Sirur, Chief Information Security Officer of Eye Care Leaders. “However, the assurance the Cloud Permissions Firewall brings us has eliminated our hesitations. Now we just deploy – confidently.” The Cloud Permissions Firewall will be generally available on April 15th for AWS. Azure and GCP will soon follow. To learn more, join our webinar on April 16th and sign up for a free trial today. About Sonrai Security Sonrai Security is a leading public cloud identity and access management solutions provider. With a mission to empower enterprises of all sizes to innovate securely and confidently, Sonrai Security delivers identity, access, and permissions security for companies running on AWS, Azure, and Google Cloud platforms. The company is renowned for pioneering the Cloud Permissions Firewall, enabling one-click least privilege while supporting developer access needs without disruption. Trusted by leading companies across various industries, Sonrai Security is committed to driving innovation and excellence in cloud security. Sonrai Security has offices in New York and New Brunswick, Canada and is backed by ISTARI, Menlo Ventures, Polaris Partners, and TenEleven Ventures. For more information, visit https://sonraisecurity.com/ Contact Details Sonrai Security Press@SonraiSecurity.com Company Website https://sonraisecurity.com

April 02, 2024 09:00 AM Eastern Daylight Time

BridgeFT Achieves SOC 2 Type II Certification for WealthTech-as-a-Service Platform

BridgeFT

BridgeFT, a cloud-native, API-first wealth infrastructure software company that enables financial institutions, fintech innovators and registered investment advisors (RIAs) to deliver better, data-driven outcomes for their clients, announced today that it has successfully completed its SOC (System and Organization Control) 2 Type II audit. Developed by the American Institute of Certified Public Accountants (AICPA), a SOC 2 information security standard is a report that validates controls relevant to security, availability, integrity, confidentiality, and privacy. The SOC 2 Type II certification ensures service providers meet a standard degree of security control in areas including organization and management, communications, risk management and monitoring of controls. The audit was completed with the help of Johanson Group LLP, a premier certification body helping organizations to obtain and maintain global compliance standards. Johanson Group attested to BridgeFT’s information security controls meeting the leading industry standards for financial services. Throughout the process, Johanson Group measured the availability, security, and integrity of BridgeFT’s WealthTech API and its data processing systems to ultimately determine whether effective safeguards and controls are in place. SOC 2 has a rigorous requirement on how companies handle customer data and information, and it is considered one of the highest standards for security accreditation. With this achievement, BridgeFT maintains its adherence to one of the most stringent, industry-accepted compliance frameworks for service organizations and provides additional assurance to its clients, through an independent auditor, that its business process, information technology and risk management controls are properly designed and operating as intended. “Achieving SOC 2 compliance is a major milestone for our company and an important indicator of how seriously we take data security,” said BridgeFT Chief Executive Officer Joe Stensland. “We’re committed to delivering the highest level of data security and privacy, and SOC 2 is a key part of that commitment. We’ll continue to invest in our modern, API-first platform infrastructure to ensure that our clients can trust us with their most sensitive data” BridgeFT’s WealthTech API is the industry’s first WealthTech-as-a-Service platform, offering a robust and open API to AI and trade-ready, multi-custodial data, advanced analytics and application services. BridgeFT’s WealthTech API empowers clients to reimagine the potential of their financial data and technology stack by eliminating the need for individual data feeds from a range of custodians and back-office providers, allowing wealth management firms and fintech companies to create differentiated, next-generation applications. About BridgeFT BridgeFT is a cloud-native, API-first WealthTech infrastructure platform that enables registered investment advisors (RIAs), financial institutions, and FinTech innovators to deliver better, data-driven outcomes for their clients. More than 300 leading firms trust BridgeFT to automate critical back-office operations and power their digital wealth management ecosystems—seamlessly aligning essential wealth data, proactive client insights and reporting, and portfolio management automation to deliver a truly personalized client experience. From an integrated advisor platform to flexible, open APIs, BridgeFT delivers the infrastructure needed for success. Reimagine your approach to wealth infrastructure at bridgeft.com. Contact Details Media media@bridgeft.com Company Website https://www.bridgeft.com/

April 02, 2024 09:00 AM Eastern Daylight Time

Consumer Discretionary Sector SPDR Fund (XLY): Tapping Into the Luxury Consumer Market

Select Sector SPDR

The Consumer Discretionary Select Sector SPDR Fund (XLY) offers investors a unique opportunity to gain exposure to the high-end retail market. XLY offers exposure to the consumer discretionary sector, making it an appealing option for investors looking to tap into the potential of profit margins from high-priced goods and services. This sector includes companies involved in the production and distribution of non-essential goods and services such as electronics, travel, dining out, vacations, video games, toys, and entertainment. A Look At The Top Holdings* Currently XLY's holdings include a comprehensive list of high-performing stocks from industry-leading companies like Amazon (23.14%), Tesla (12.85%), Home Depot (10.07%), McDonald's (4.24%) and Lowe’s (3.96%). These companies cater not only to the luxury goods market, but also to discretionary spending in other areas, ensuring that investors can benefit from a diverse range of consumer spending patterns. Since its establishment in 1998, the XLY fund has amassed over $20 billion in assets under management, with an investor-friendly expense ratio of 0.09%**. The fund aims to replicate the performance of the S&P 500 Consumer Discretionary Index, providing a comprehensive view of the consumer discretionary space, allowing investors to benefit from the sector's potential growth. Going Strong Year Over Year With the economy on the mend, the consumer discretionary sector is poised to thrive. As consumer confidence strengthens, discretionary spending is anticipated to rise, potentially favoring companies in this sector. In summary, the XLY fund presents a unique method to invest in the high-end retail market. It's an opportunity to delve into the spending habits of wealthy consumers, without the necessity to scrutinize individual companies. With its diversified portfolio and cost-effectiveness, the XLY fund is a noteworthy consideration for investors aiming to harness the potential of the consumer discretionary sector. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Holdings, Weightings & Assets as of 3/31/24 subject to change **Ordinary brokerage fees apply DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007402 EXP 5/31/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

April 02, 2024 05:00 AM Eastern Daylight Time