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IotaComm® Launches Investment Campaign to Expand Nation’s First IoT-Dedicated Wireless Network

IotaComm

IotaComm, Inc. ("IotaComm"), a wireless communications and Internet of Things (IoT) solution provider and the builder of America’s first wireless network dedicated to the Internet of Things (IoT), is excited to announce the official launch of its Regulation Crowdfunding (Reg CF) investment campaign. This offering gives investors a chance to own a stake in a company leading the transformation of smart infrastructure across the U.S. With exclusive rights to nationwide FCC-licensed spectrum, IotaComm’s low-cost, low-power wide area network connectivity aggregates data into a robust IoT platform to enable real-time monitoring of air quality, energy usage, and infrastructure health—critical for schools, hospitals, manufacturers, and even whole cities embracing smart technologies. Funds raised will accelerate the rollout of IotaComm’s proprietary Delphi360™ platform, expand nationwide deployments, and scale operations to meet growing demand across the $1.5 trillion smart infrastructure market. Investment perks include 25% bonus shares for early participants until May 30, 2025. After that, investors can still get up to 25% more bonus shares depending on the amount they invest. This stacks up to a potential 50% bonus shares. “Our innovation is key to bringing the vision of smart buildings and cities to reality,” said Terrence DeFranco, CEO of IotaComm. “This raise allows us to bring in everyday investors who believe in our mission to modernize critical systems and improve lives with intelligent, wireless technology.” Early investors and industry insiders are taking notice. With brands like Crayola and GigNet already leveraging IotaComm’s platform to improve manufacturing environments, the company’s real-world traction is driving both interest and momentum. To learn more and become an investor in IotaComm, visit: https://invest.iotacomm.com/ About IotaComm, Inc. About IotaComm, Inc.IotaComm® is a wireless communications and data services company that provides secure, carrier-grade low-power connectivity for the Internet of Things (IoT). Through its nationwide FCC-licensed 800 MHz spectrum portfolio and proprietary Delphi360™ platform, IotaComm® delivers critical data-driven solutions for smart buildings, smart cities, and sustainable infrastructure. IotaComm® leverages the globally adopted LoRaWAN® standard and is a member of the LoRa Alliance®, the leading global association driving the adoption of LoRaWAN® worldwide. With locations in Research Triangle Park, NC and Allentown, PA, IotaComm is committed to innovation, sustainability, and delivering value for customers, communities, and shareholders. Learn more at: https://invest.iotacomm.com/. Disclaimer: In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. IotaComm,Inc. has filed a Form C with the Securities and Exchange Commission in connection with its offering, a copy of which may be obtained here. Forward-Looking Statements This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our beliefs regarding the role that IoT will play in the future, our ability to implement our strategic goals, our ability to raise capital and reduce costs, and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, and financial condition. Factors that could cause actual results to differ materially from those currently anticipated include, but are not limited to: risks related to our growth strategy; risks relating to the results of research and development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; our dependence on third-party suppliers; our ability to attract, integrate, and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law. Contact Details IotaComm Inc. Kim Velez, Chief of Staff to the CEO +1 484-861-2994 kvelez@iotacomm.com Company Website https://iotacomm.com/

May 13, 2025 06:36 AM Pacific Daylight Time

Smart Garage Doors, Smarter Savings: Genie and HomeSphere Announce New Partnership

HomeSphere

HomeSphere, the leading platform connecting building product manufacturers to mid-market homebuilders, has announced a new strategic partnership with The Genie Company, a longtime innovator in smart, dependable and easy-to-install garage door openers. Through the collaboration, more than 2,700 builders in HomeSphere’s U.S. network can now claim exclusive rebates on the most popular Genie Pro Series models, including both Wi-Fi and non-Wi-Fi options. “We’re thrilled to partner with HomeSphere to make it even easier for builders to choose Genie,” said Steve Janas, Vice President of Sales and Marketing at The Genie Company. “At Genie, we’re always looking for ways to support our builder partners with innovative tools and added value.” Genie has been a trusted name in garage door openers since pioneering the first radio-controlled garage door opener over 70 years ago. Its Wi-Fi models integrate easily with leading smart home platforms and support voice control for added convenience. "Genie has long been a go-to for builders and homeowners,” said Greg Schwarzer, President and CEO of HomeSphere. “This partnership gives our builders a chance to offer next-generation functionality while driving savings through our platform.” About HomeSphere Established in 1999, HomeSphere connects local and regional homebuilders to exclusive rebate offerings. HomeSphere’s builder network constructs and closes more than 250,000 new homes and units per year, making it the largest homebuilding group in the country by volume. Using HomeSphere-HQ, HomeSphere’s award-winning rebate management platform, builders capture incentives on completed homes, discover new products for their future projects, and develop key relationships with the 80-plus manufacturers in HomeSphere’s preferred partner network. For more information about HomeSphere’s products and solutions for homebuilders and manufacturers, visit www.homesphere.com. About The Genie Company The Genie Company, based in Mt. Hope, Ohio, is a leading manufacturer of smart, connected garage door openers and accessories for residential and commercial applications. The Genie Company was built on customer focus and continues to be one of America's best-known and trusted brands. Innovations like Aladdin Connect® and BenchSentry® deliver safe, secure, and convenient solutions that offer our customers peace of mind to easily fit their lifestyles. More information at GenieCompany.com. Aladdin Connect, BenchSentry, Genie and all related marks are trademarks of The Genie Company. Contact Details Tracy Henderson +1 720-989-3530 tracy@centerreachcommunication.com Genie Company Steve Janas Steve_Janas@geniecompany.com Company Website https://www.homesphere.com/

May 13, 2025 07:00 AM Eastern Daylight Time

IotaComm® Completes Acquisition of Iota Spectrum Partners, LP, Creating Unified Ownership of Nationwide Spectrum Assets

IotaComm

IotaComm, Inc. ("IotaComm" or the "Company"), a leading private wireless communications and Internet of Things (IoT) solution provider, announced today that it has successfully completed the acquisition of Iota Spectrum Partners, LP ("the Partnership"). As a result of the transaction, IotaComm now owns 100% of the outstanding partnership units and, accordingly, consolidates full ownership and control of its nationwide FCC-licensed 800 MHz spectrum portfolio. The acquisition was completed through a structured Tender Offer to Exchange, whereby holders of the Partnership Units received shares of IotaComm Common Stock at an exchange ratio of 0.0125 shares for every 1 Partnership Unit. With the closing of the acquisition, former Partnership Unit holders collectively own more than 80% of IotaComm’s outstanding Common Stock. The consolidated ownership positions IotaComm to better execute its strategic vision of building the nation’s leading carrier-grade, low-power, wide-area network (LPWAN) dedicated to smart buildings, smart cities, and the future of data-driven infrastructure. "This transaction marks a significant milestone in IotaComm’s evolution," said Terrence DeFranco, Chairman and CEO of IotaComm. "By unifying the ownership of our licensed spectrum assets under a single corporate structure, we have simplified our business model, strengthened our financial and operational foundation, and enhanced our ability to raise growth capital. This positions IotaComm to accelerate the deployment of our nationwide LPWAN network, expand our data services, and drive innovation at the intersection of connectivity, data analytics, and sustainability." IotaComm’s network leverages LoRaWAN® technology — the globally recognized open standard for secure, low-power, wide-area IoT connectivity — and the Company is an active participant in the LoRa Alliance®. With full ownership of its FCC-licensed spectrum portfolio, IotaComm is uniquely positioned to deliver a premium, carrier-grade LoRaWAN® service offering that enables new possibilities for smart building, smart city, and industrial IoT applications across the United States. The decision to pursue full consolidation was unanimously recommended by the Board of Directors of IotaComm and the General Partner of the Partnership after careful evaluation. The unified structure is expected to eliminate complexities that previously hindered valuation and financing opportunities and to improve the Company’s strategic flexibility. With this consolidation, IotaComm owns approximately 500 million MHz-pops of licensed spectrum, a critical strategic asset valued at approximately $84 million. IotaComm remains focused on enabling a healthier, safer, and more sustainable society by providing ubiquitous IoT connectivity and valuable data-driven insights to customers across the commercial, municipal, and industrial sectors. The Company expects that the strengthened corporate structure will support its continued growth and leadership in the fast-expanding market for smart infrastructure solutions. About IotaComm, Inc. IotaComm® is a private wireless communications and data services company that provides secure, carrier-grade low-power connectivity for the Internet of Things (IoT). Through its nationwide FCC-licensed 800 MHz spectrum portfolio and proprietary Delphi360TM platform, IotaComm® delivers critical data-driven solutions for smart buildings, smart cities, and sustainable infrastructure. IotaComm® leverages the globally adopted LoRaWAN® standard and is a member of the LoRa Alliance®, the leading global association driving the adoption of LoRaWAN® worldwide. Headquartered in Research Triangle Park, NC, with operations in Allentown, PA, IotaComm is committed to innovation, sustainability, and delivering value for customers, communities, and shareholders.For more information, visit www.iotacomm.com. Forward-Looking Statements This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our beliefs regarding the role that IoT will play in the future, our ability to implement our strategic goals, our ability to raise capital and reduce costs, and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, and financial condition. Factors that could cause actual results to differ materially from those currently anticipated include, but are not limited to: risks related to our growth strategy; risks relating to the results of research and development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; our dependence on third-party suppliers; our ability to attract, integrate, and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law. Contact Details IotaComm, Inc. Kim Velez, Chief of Staff to the CEO +1 484-861-2994 kvelez@iotacomm.com Company Website https://iotacomm.com/

May 08, 2025 09:00 AM Eastern Daylight Time

Rebuilding LA: Steel Frame Construction on the Rise Amid Push to Fireproof Homes

The Hoyt Organization

MAY 1, 2025 – In the aftermath of January’s wildfires that swept through 40,000 acres causing $250 billion in local economic damage, destroying more than 16,000 structures and affecting thousands more, builders and city officials, alike, are analyzing construction practices to incorporate materials that won’t burn. At the top of the list? Steel frame construction. Steel has emerged as the primary option for homebuilders who need to adhere to new standards in wildfire zones and keep insurance costs at bay for those who will ultimately live there. The steel-framing industry, itself, is projected to grow to more than $58 billion by 2033, up from $35 billion in 2023, according to Spherical Insights. “This year’s fires were a heartbreaking tragedy on a horrific scale, and sadly much of damage could have been contained if it weren’t for the overuse of wood and drywall that are so quick to ignite when impacted by flying embers,” said Scott Acton, CEO of Forté Specialty Contractors, a seasoned design-build veteran whose unique expertise combines residential projects with high-profile hospitality and theme park developments that must adhere to stringent fire safety standards. Acton advocates for more steel-frame home designs, which are much more durable in the event of a natural disaster or the wildfires that are occurring at an alarmingly regular place in California. The losses incurred have gotten so catastrophic that the insurance premiums moving forward will likely soar at a rate that will displace many Californians and exacerbate the state’s affordability crisis. “Due to its resilience and durability, steel home construction has been growing in popularity for the luxury markets along the coast, but it is quickly becoming the preferred option for developers of all housing types because traditional building practices have gotten so dangerous and costly,” Acton said. “Developers of multifamily housing are increasingly specifying steel framing to accelerate build times, simplify quality control and deliver fire-resistant buildings that meet the demands of urban living. Along with the protection from fire, steel frame houses are also less susceptible to damage from earthquakes, high winds or flooding.” Steel-frame homes are also less likely to be infested with pests, termites and mold compared to wood. They are faster to assemble because the steel is often pre-fabricated off-site, which reduces on-site labor time. Plus, steel is highly recyclable, making it a more environmentally friendly choice compared to wood, which requires deforestation for production. In addition to pest resistance, speed to market, and recyclability, building with steel framing also delivers substantial saving on insurance. Recognizing steel as non-combustible, insurers can offer premium discounts of up to 75 percent on builder’s risk policies, according to the Steel Framing Industry Association. These average savings reflect steel’s superior fire resistance and loss history, translating into more predictable underwriting and lower overall risk costs throughout both construction and occupancy. The strength and integrity of steel creates more room for designer creativity as well. Despite steel’s relative material cost being higher than lumber, Acton notes that this is a huge value-add in luxury markets such as Malibu and the Palisades, where wider interior spaces and higher ceilings are in demand. ABOUT KRYTON Kryton International Inc. is the inventor of the crystalline waterproofing admixture and has been waterproofing concrete structures with its proprietary KrystolÂ® technology since 1973. Kryton has won awards for innovation, manufacturing, best place to work, and entrepreneurship. Kryton is an active member of the American Concrete Institute, International Concrete Repair Institute, American Shotcrete Association, and many other thought-leading organizations. Kryton exports its products to more than 50 countries globally. www.kryton.com About Forté Specialty Contractors: Founded in 2010, Forté Specialty Contractors is a Las Vegas-based specialty construction company that specializes in design build projects rooted in the experiential theming and entertainment world. Forté expanded its services to include a luxury home building division, which today includes a portfolio of homes in Las Vegas and on the East and West coasts. For more information, please visit fortedesignbuild.com or follow us on Facebook, Instagram, or LinkedIn. Contact Details Forte Specialty Contractors Andrew King +1 914-513-6895 aking@hoytorg.com Company Website https://fortedesignbuild.com/

May 01, 2025 01:47 PM Eastern Daylight Time

Rising Water Tables in the Southern U.S. Spotlight Need for Sustainable, Waterproof Concrete Solutions

The Hoyt Organization

May 1, 2025 - With rising water tables and an uptick in extreme weather events across the Southern United States, engineers, builders, and municipalities are turning to Smart Concrete as a long-term, sustainable solution to fortify critical infrastructure against flood risks, abrasion, corrosion and climate-related damage. Recent studies have shown that groundwater levels across states like Louisiana, Texas, Florida, and Georgia are increasing due to a combination of sea level rise, heavy rainfall patterns, and overburdened drainage systems. Consequently, there are higher likelihoods of flooding not just along coasts, but inland as well, putting foundations, stormwater systems, and essential infrastructure at increasing risk of failure. According to First Street’s 2025 National Risk Assessment, which projects a nearly $1.5 trillion dollar drop in property values from climate-related migration patterns, the nation’s most risky markets for climate-related property loss are all in Texas, including the metropolitan areas of Dallas-Fort Worth, Austin and Houston – all of which have experienced recent population surges amid increasing insurance costs associated with extreme weather. Smaller markets have been less resilient to these economic and environmental threats. For instance, in Jefferson County, Ala., the damage has already been done, triggering a 9.4 percent spike in climate-related insurance costs and a subsequent 25 percent plunge in population, the report found. Key infrastructure such as highways, airports and large-capacity garages are increasingly vulnerable to water-related corrosion in the South and that durable concrete is a viable long-term solution to those challenges, according to Patrick Kelly, Territory Manager – Central U.S. for Kryton International, a leading manufacturer of high-performance concrete. “It’s largely a threat from below,” Kelly said of the South’s rising water tables and increasing flood risks. “Traditional concrete structures can deteriorate rapidly when exposed to persistent water pressure, freeze-thaw cycles, and chemical ingress. Our waterproof concrete technology is designed to combat these exact challenges while reducing the need for costly maintenance and repair.” Waterproof Concrete: A Sustainable Advantage Unlike surface coatings or short-term sealants, waterproof concrete is engineered at the mix level with crystalline admixtures that resist moisture intrusion from the inside out. When compared to traditional concrete, this internal waterproofing not only prolongs structural life but also contributes to sustainability goals by: Reducing carbon-generating material waste from repairs and replacements Improving lifecycle performance with lower initial carbon footprint Enhancing climate resilience in transportation, utility, and commercial infrastructure Waterproof concrete is increasingly being adopted in: Underground parking structures and basements Tunnels, culverts, and stormwater management systems Coastal and low-lying public works projects High-performance industrial facilities in flood-prone regions “With even more extreme weather on the horizon, future-ready construction starts with resilient materials,” said Kryton International’s Vice President for Product Development, Kevin Yuers. “Waterproof concrete isn’t just a product — it’s a strategy for climate adaptation.” ABOUT KRYTON Kryton International Inc. is the inventor of the crystalline waterproofing admixture and has been waterproofing concrete structures with its proprietary KrystolÂ® technology since 1973. Kryton has won awards for innovation, manufacturing, best place to work, and entrepreneurship. Kryton is an active member of the American Concrete Institute, International Concrete Repair Institute, American Shotcrete Association, and many other thought-leading organizations. Kryton exports its products to more than 50 countries globally. www.kryton.com Contact Details Kryton International, Inc. Andrew King +1 914-513-6895 aking@hoytorg.com Company Website https://www.kryton.com/

May 01, 2025 10:19 AM Pacific Daylight Time

News Release

4 Mortgage Stocks Primed to Surge as the Market Rebounds

PAPL RKT UWMC PFSI

The mortgage market is quietly heating up—and savvy investors are starting to take notice. After a bruising slowdown, early 2025 is flashing signs of a turnaround: U.S. mortgage originations are expected to climb to $2.3 trillion this year, up nearly 30% as rates stabilize and homebuyers re-enter the market. In Canada, a massive wave of mortgage renewals is creating a once-in-a-decade window for disruption. From AI-powered lending platforms to aggressive market consolidation, a new generation of mortgage players is rewriting the rules—and positioning themselves to dominate as the cycle turns. Let’s take a closer look at some of the companies shaping this rapidly evolving landscape. Pineapple Financial Inc. (NYSE American: PAPL) is a Toronto-based mortgage brokerage network and technology platform that went public in late 2023. While still in its early stages as a publicly traded company, Pineapple has demonstrated solid revenue growth and improving operational efficiency through the first half of fiscal 2025. For the six months ended February 28, 2025, Pineapple reported $1.51 million in revenue, an 11.8% increase year-over-year. Gross billings rose 15.2% to $9.33 million, reflecting higher transactional volume and agent productivity across its brokerage network. Despite a net loss of $1.25 million for the period, this marks a 17.9% improvement over the $1.53 million loss posted in the same period the prior year. Quarter-over-quarter performance also showed continued progress. In Q2 FY2025, Pineapple generated $749,000 in revenue (up 6.8% YoY) and $4.52 million in gross billings (up 19.6%). The company reduced its net loss to $595,449 from $657,151 in Q2 FY2024, while lowering salaries and benefits expenses by 27.7% and advertising/marketing spend by over 60%. Management attributed these improvements to operational streamlining and its transition to a more scalable, tech-enabled platform. These results build on a strong Q1, when Pineapple posted 34.6% YoY revenue growth and a 26.8% reduction in net loss. The company ended Q1 with $619,581 in cash and shareholders' equity of $1.15 million, signaling modest but stable capitalization for its stage of growth. Looking forward, PAPL appears positioned to benefit from Canada’s large pipeline of mortgage renewals, which management sees as a near-term tailwind. CEO Shubha Dasgupta has emphasized a focus on cost discipline and digital infrastructure as the company aims to scale efficiently. CFO Sarfraz Habib highlighted the narrowing losses and improved operating cash flow as markers of progress toward profitability. Although still operating at a loss, PAPL is showing signs of maturing into a leaner, more efficient player within the Canadian mortgage origination space. Its financial trajectory and positioning in a tech-forward segment make it a company to watch as broader sector dynamics evolve. Rocket Companies (NYSE: RKT) is a Detroit-based fintech platform known for modernizing the homeownership journey. Best known through brands like Rocket Mortgage and Rocket Homes, the company also offers services in real estate, title, and personal finance through products like Rocket Money and Rocket Loans. Founded in 1985, Rocket has become a leader in both mortgage origination and servicing—earning the #1 spot in J.D. Power’s customer satisfaction rankings a combined 22 times. Now, Rocket is taking bold steps to expand its reach and integrate the entire homeownership process under one roof. In March 2025, Rocket announced it would acquire Redfin, one of the most visited real estate websites in the U.S., in a $1.75 billion all-stock deal. With nearly 50 million monthly visitors, Redfin brings serious online traffic, as well as over 2,200 real estate agents in 42 states. This move will connect Rocket’s mortgage tools directly to house hunters, aiming to simplify the search-to-closing process. “This deal accelerates our strategy to match buyers with the best agents and loan officers, all in one place,” said Rocket CEO Varun Krishna. Rocket expects the merger to deliver over $200 million in synergies by 2027, including $140 million in cost savings and $60 million in new revenue from cross-selling. The company believes this will strengthen its ability to offer a seamless, AI-powered buying experience backed by its expanding database of over 100 million properties. Just weeks later, Rocket announced another huge deal: the acquisition of Mr. Cooper Group, America’s largest mortgage servicer, in a $9.4 billion all-stock transaction. Together, the combined company will manage a servicing portfolio of $2.1 trillion—representing 1 in 6 U.S. mortgages. This deal supercharges Rocket’s servicing arm while expanding its ability to keep clients long-term. With an 83% recapture rate (how often Rocket keeps customers coming back), the company already outpaces the industry average by 3x. Now, with access to Mr. Cooper’s nearly 7 million clients and 150 million annual interactions, Rocket expects to grow faster and smarter. The transaction is expected to generate $500 million in annual revenue and cost synergies, improve automation, and be immediately accretive to earnings. Mr. Cooper’s CEO Jay Bray will join as President and CEO of Rocket Mortgage once the deal closes. With back-to-back acquisitions and a massive data advantage, Rocket is positioning itself as the most integrated and personalized homeownership platform in the market. Its AI tools are designed to anticipate customer needs, reduce friction in the homebuying process, and deepen long-term relationships with clients. Investors should keep an eye on Rocket’s upcoming Q1 2025 earnings report on May 8, especially in light of these strategic moves. Between Redfin’s online traffic and Mr. Cooper’s massive servicing book, Rocket’s flywheel for growth is spinning faster than ever. UWM Holdings Corporation (NYSE: UWMC) is a Michigan-based wholesale mortgage lender and parent company of United Wholesale Mortgage, the largest lender in the U.S. by volume. The company operates exclusively through the wholesale channel, partnering with independent mortgage brokers across the country. While macro headwinds continue to pressure mortgage origination volumes industry-wide, UWM has maintained its leadership position by aggressively pricing and investing in technology to streamline the broker experience. For Q4 2024, UWM originated $38.7 billion in loans, up 58.6% from $24.4 billion in Q4 2023, though slightly below Q3 2024’s $39.5 billion. Net income for the quarter came in at $40.6 million, compared to a net loss of $461 million in the year-ago quarter. Gain-on-sale margin was 105 basis points, a modest decline from 118 bps in Q3 but an improvement from 92 bps in Q4 2023. Adjusted EBITDA totaled $118.2 million for the quarter, reflecting stable operating profitability despite fluctuating loan volumes. Full-year 2024 originations reached $139.4 billion, a 28.7% increase from 2023, including $96.1 billion in purchase loans and $43.4 billion in refinances. Net income for the year was $329.4 million, compared to a $69.8 million net loss in 2023. The company ended the year with $507.3 million in cash and equivalents, and a $3.97 billion mortgage servicing rights (MSR) portfolio with a weighted average coupon of 4.76%. Operationally, UWM continues to enhance its broker tools and efficiency. Recent product rollouts include a 90% LTV cash-out refinance option and expanded use of its AI-based ChatUWM platform, which now assists with automated income calculations and product recommendations. Application-to-close time averaged 17 business days during the quarter, and customer satisfaction (NPS) remained strong at 82.5. Looking ahead, UWM guided for Q1 2025 loan production between $28 billion and $35 billion, with a projected gain margin of 90 to 115 bps. The company also announced that Rami Hasani, formerly of Deloitte and currently VP of Finance, will assume the role of CFO starting April 1, 2025. Outgoing CFO Andrew Hubacker will stay on in an advisory capacity. While UWM’s focus on scale and aggressive pricing may continue to pressure margins in the near term, the company’s dominance in the wholesale channel, stable liquidity, and disciplined cost structure provide a degree of resilience as the broader housing market remains in flux. PennyMac Financial Services, Inc. (NYSE: PFSI) is a prominent U.S.-based specialty financial services firm focusing on mortgage production, servicing, and related investment management. Founded in 2008, PennyMac has grown to be a leader in the residential mortgage industry, employing approximately 4,100 people. In 2024, the company originated $116 billion in new loans and serviced a portfolio of $666 billion in unpaid principal balance (UPB), solidifying its position as a top mortgage lender and servicer in the U.S. In February 2025, PennyMac launched NonDel+, a new Non-Delegated solution within its POWER+ portal. This platform offers an intuitive, end-to-end loan experience tailored for banker partners who need control over their loans but seek assistance with disclosures, loan documents, and additional services. The initiative reflects PennyMac's ongoing commitment to expand its Third-Party Origination (TPO) offerings and enhance its competitive standing in the wholesale mortgage market. With the introduction of NonDel+, PennyMac further solidifies its leadership in the TPO channel, which is critical as the company remains the third-largest wholesale lender and the top acquirer of loans in the correspondent channel. In March 2025, PennyMac entered a strategic partnership with the LA28 Olympic and Paralympic Games and Team USA, becoming the official mortgage supporter for the 2026 and 2028 U.S. Olympic and Paralympic Teams. This partnership underscores PennyMac’s commitment to the values of excellence and community engagement. The company will work with athletes and hopefuls to provide mortgage education and support, fostering a connection between the pursuit of athletic achievement and homeownership goals. This collaboration will also be central to PennyMac’s marketing efforts, including the "Where Greatness Lives" campaign. For the first quarter of 2025, PennyMac reported net income of $76.3 million, or $1.42 per share, on revenues of $430.9 million. This performance reflects a solid quarter despite broader market challenges. The company’s production segment generated a pretax income of $61.9 million, driven by strong loan acquisition and origination activity, including $28.9 billion in total loans originated or acquired, representing a 33% increase from the previous year. The servicing segment continued its growth trajectory, with a pretax income of $76.0 million, reflecting a 10% year-over-year increase in the servicing portfolio, which reached $680.2 billion in UPB. PennyMac’s results were partially impacted by valuation-related changes, with a $205.5 million loss in Mortgage Servicing Rights (MSR) fair values, offset by $106.8 million in hedging gains. However, the company’s robust management of its portfolio and capital structure positioned it well for future growth, as indicated by the increase in book value per share to $75.57 from $74.54 at the end of 2024. Looking ahead, PennyMac’s focus remains on leveraging its balanced business model to navigate market volatility, emphasizing continued growth in its servicing portfolio and strategic management of mortgage production. CEO David Spector highlighted the company’s strength in adapting to economic changes, with plans to integrate artificial intelligence to enhance operational efficiencies. PennyMac remains committed to maximizing shareholder value and maintaining its leadership position in the mortgage industry. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performances are not statements of historical fact and may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Pineapple Financial Inc. to assist in the production and distribution of content related to PAPL. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only; you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third-party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details RazorPitch Mark McKelvie +1 585-301-7700 Mark@razorpitch.com Company Website https://razorpitch.com/

May 01, 2025 06:00 AM Eastern Daylight Time

Spring Bird Delivers Transit Buses to MTR for Use in Major Construction Shuttle Operations

Spring Bird

Spring Bird has delivered six heavy-duty New Flyer D40LF transit buses to MTR, providing dedicated shuttle support for a large-scale semiconductor fabrication plant construction site. The buses will be used to safely and efficiently transport construction workers across the expansive site, reflecting the growing demand for durable, high-capacity shuttle solutions in complex infrastructure projects. The multi-bus order, fulfilled over the past year through several transactions, underscores Spring Bird’s rising role as a trusted supplier of transit buses for industrial and operational shuttle services. According to Spring Bird founder Elliott Carson, the deal came together due to “competitive pricing, fast turnaround, and strong warranty support,” all of which aligned with MTR’s high standards and tight project timelines. “This partnership with MTR is a great example of what happens when two teams are aligned in purpose and professionalism,” said Carson. “MTR had a clear vision, high standards, and a fast-moving project — and we were proud to meet that challenge. Supporting their shuttle operations with dependable, work-ready transit buses is exactly what Spring Bird is built to do.” The buses underwent standard make-ready servicing and were delivered ready for immediate deployment. While not retrofitted with low-emission or advanced telematics systems in this case, the New Flyer D40LF platform offers reliable performance, ample standing room, and durability that outperforms most traditional coach or cutaway vehicles under demanding, repetitive shuttle conditions. “Transit buses are built for this kind of work,” said Thomas Hoskins, Director of Operations at Spring Bird. “You’re moving large numbers of people, constantly, in stop-and-go patterns, sometimes on rough or temporary roads. These vehicles are designed for all-day, every-day use. They can load quickly, handle tough environments, and just keep going.” Spring Bird’s Construction Shuttle Service program highlights several key benefits of using heavy-duty transit buses in worksite transportation: Dual-door boarding allows faster loading and unloading compared to coach buses or vans. Low-floor designs increase accessibility and reduce boarding times. Higher standing capacity allows more flexible loading based on shift schedules. Cost-efficiency comes from needing fewer buses and drivers to move more people in less time. For MTR, choosing Spring Bird also meant working with a team that understands the complexity of operational logistics. “We’re proud to support partners like MTR who are helping to build the future—literally,” said Carson. “Whether it’s a long-term city transit solution or a short-term industrial project, our goal is always the same: safe, smart, dependable transportation.” The deal also adds another chapter to the Carson family’s eight-decade history in the transit industry. Spring Bird, founded by Elliott Carson in 2020, is built on a legacy that dates back to 1943 when Dean Carson began providing local transit in Los Angeles. Today, that commitment to innovation, service, and reliability lives on in Spring Bird’s growing footprint across public and private transportation sectors. About Spring Bird Spring Bird is a premier provider of transportation solutions, specializing in the sale, leasing, and service of heavy-duty transit buses and motor coaches. Drawing from the rich Carson family legacy in the transportation industry, Spring Bird offers an inventory of high-quality buses from leading manufacturers and provides customized rehabilitation services, including minor repairs, major overhauls, and technological retrofitting. Dedicated to safety, innovation, and customer satisfaction, Spring Bird addresses the unique needs of cities, transit agencies, and private operators, ensuring reliable and efficient transportation solutions. Media Contact: For more information, visit https://springbirdbus.com or contact us at press@springbirdbus.com. ### About Spring BirdSpring Bird is a premier provider of transportation solutions specializing in the sale, leasing, and service of heavy-duty transit buses and motor coaches. Drawing from the rich Carson family legacy in the transportation industry, Spring Bird offers an inventory of high-quality buses from leading manufacturers and provides customized rehabilitation services, including minor repairs, major overhauls, and technological retrofitting. Dedicated to safety, innovation, and customer satisfaction, Spring Bird addresses the unique needs of cities, transit agencies, and private operators, ensuring reliable and efficient transportation solutions. Contact Details Media Contact press@springbirdbus.com Company Website https://springbirdbus.com

April 30, 2025 10:41 AM Central Daylight Time

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Ballast Rock Launches the Ballast Rock Real Estate Private Credit Fund

Ballast Rock

Ballast Rock, the diversified investment management firm, announced today that it has launched the Ballast Rock Real Estate Private Credit Fund, which seeks to lend to small to medium-scale real estate and solar projects on a senior-secured basis, managed by preferred developers. Investments in the fund, which targets raising a maximum of $50 million, will focus on senior-secured debt instruments with the potential for some equity upside. “Ballast Rock’s long-standing track record in real estate, infrastructure development, and capital structuring gives our investment team a strong foundation to enter private credit,” said Simon O’Shea, Chief Investment Officer of Ballast Rock. “Investors in our private equity and venture capital funds have long encouraged us to explore opportunities in private credit, so we feel a fund that can benefit from our deep experience in real estate and infrastructure was a natural next step.” The new fund will be managed by Max Jackson, who recently joined Ballast Rock Asset Management as Managing Director and Private Credit Portfolio Manager. The Ballast Rock Real Estate Private Credit Fund will focus on four strategies: Lot Banking. The fund will acquire parcels of land at or below market value from developers, with developers legally required to buy back the parcels when ready for construction. Delaware Statutory Trust Financing. DST sponsors are required to provide 100% of the capital needed to acquire an asset when a DST is formed. The fund will provide short-term bridge financing to sponsors for the required capital. Franchise Location Development. The fund will provide “last mile” development capital to preferred franchise developers, secured by the underlying property. Commercial Solar Development. The fund will provide “last mile” development capital to solar developers, to be sold to solar owner-operators after completion. “We believe having a focused approach to our investments, in areas where we have experience, is a differentiator in a private credit market with many new entrants,” Jackson said. “In addition, we plan to target loan sizes of $5 million or less, since we view that market as underserved.” The fund plans to generally require a senior-secured and/or preferred position in all loans, with the goal to be the first to receive proceeds from investment monetization. The fund also expects short-term hold periods of 6 to 18 months for each investment. The Ballast Rock Real Estate Private Credit Fund will be available to U.S. accredited investors with a minimum investment of $50,000. To learn more about the fund and to read important disclosures, please visit our Investor Portal. About Ballast Rock Group Ballast Rock is an integrated investment management company specializing in delivering risk-adjusted returns, accurate, and timely advice, high quality frequent reporting, and direct access to management. Ballast Rock operates Ballast Rock Asset Management, Ballast Rock Private Wealth, and Ballast Rock Capital. Ballast Rock Asset Management comprises Ballast Rock Real Estate, which includes the firm’s Sunbelt multifamily real estate funds, and Ballast Rock Ventures, comprising venture capital and private equity teams. Ballast Rock Private Wealth is a full-service registered investment advisor, with a focus on allocating into private asset classes. Ballast Rock Capital (member FINRA / SIPC ) is an SEC-registered broker-dealer. Ballast Rock is committed to being a driver of positive change. The diversity of our team members brings valuable new perspectives to our industry for the benefit of our stakeholders and the broader community. Investment Disclosure The information contained in this press release has been prepared by Ballast Rock Holdings LLC (“Ballast Rock”) without reference to any particular reader’s investment requirements or financial situation. Potential investors are encouraged to consult with professional tax, legal, and financial advisors before making any investment into a private offering of securities. An investment in private securities would be speculative and would involve a high degree of risk. Investors must be prepared to bear the economic risk of such an investment for an indefinite period of time and be able to withstand a total loss of their investment. Please carefully consider the investment objectives, risks, transaction costs, and other expenses related to an investment prior to deciding to invest. Ballast Rock Capital LLC (“BRC”), MEMBER: FINRA / SIPC. BRC’s registered head office is 460 King Street, Suite 200, Charleston, SC, 29403. Tel: 800-204-2513. To check background information about BRC and its representatives, visit FINRA’s BrokerCheck. Please see important disclosure information in our Form CRS. Contact Details For Ballast Rock Lisa Aldape, Vocatus laldape@vocatusllc.com Company Website https://www.ballastrock.com/

April 29, 2025 10:00 AM Eastern Daylight Time

News Release

Van Ness Corridor Emerges as San Francisco’s Premier Medical Destination

The Hoyt Organization

The Van Ness corridor has become one of San Francisco’s most dynamic medical and healthcare destination, anchored by the world-class Sutter Health’s California Pacific Medical Center and supported by an expanding ecosystem of medical office spaces and care providers. A highlight of this transformation is the 45,000 square feet of premium medical office space currently available at 939 Ellis St., making it the largest contiguous medical space on the market in San Francisco today. Strategically located just steps away from Sutter’s Van Ness campus, 939 Ellis offers an unparalleled opportunity for medical groups, specialty clinics, and healthcare innovators looking to establish a presence in the city’s fastest-growing healthcare hub. Ellis’ central location provides convenience for patients commuting from East Bay, the Peninsula, and Marin County. Connectivity to the Van Ness Corridor has never been better with the 2022 launch of the Van Ness Bus Rapid Transit, a 1.96-mile route running north-south featuring dedicated center bus lanes and nine stations. “The synergy between the neighborhood’s thriving healthcare community and access to transportation is reshaping the Van Ness corridor into a one-stop destination for high-quality patient care,” said Kurt Hackett, Vice President of Asset Management with Rethink Healthcare Real Estate, a private investment group that owns 939 Ellis St. “Whether it’s primary care, outpatient specialties, diagnostics, or wellness services, everything patients and providers need is increasingly concentrated in this central, transit oriented neighborhood.” The building, which is already about half occupied by Kaiser Permanente, comes to market amid a notable resurgence in San Francisco’s economy as the city positions itself for a boom in AI investments. The increase in business is being further fueled by the return-to-office trend and a growing belief that San Francisco is on the right track, according to recent surveys. Recently elected Mayor Daniel Lurie has spearheaded many new efforts that are working to bring businesses and visitors back to the world class downtown. As demand for centrally located, modern medical space continues to rise, the Van Ness corridor stands out as a focus for San Francisco’s healthcare future. “We could not be more bullish on this location,” said Jonathan Winer, President of Rethink Healthcare Real Estate. “Not only is San Francisco’s reemergence as a hotbed of business activity a catalyst for those looking to treat patients locally, but the ease of transit has made the Van Ness Corridor a convenient destination for doctors and patients, alike, who are coming from the outskirts of the city or the suburbs.” 939 Ellis St. offers flexible, build-ready medical office suites that can accommodate a range of specialties. It boasts a scenic rooftop terrace and available parking. For leasing inquiries at 939 Ellis St., contact Trask Leonard, president and CEO of Bayside Realty Partners at tleonard@baysiderp.com or Caroline Doyle, senior vice president of Bayside Realty Partners, at cdoyle@baysiderp.com. Contact Details The Hoyt Organization Andrew King +1 914-513-6895 aking@hoytorg.com Company Website https://rethink-capital.com/healthcare-real-estate/

April 23, 2025 10:20 AM Pacific Daylight Time