Jul. 1, 2025 / PRZen / SAN FRANCISCO — Scott Richards Contemporary Art is delighted to present Michael Reafsnyder in his first San Francisco solo exhibition: SUMMER JAM. Celebrated for his energetic, tactile approach to abstraction, the acclaimed Southern California artist brings his signature energy to this vibrant summer showcase of gestural paintings. The exhibition opens with a reception for the artist on Saturday, July 12 from 4 – 6 pm and continues through August 30th.
SUMMER JAM offers an invitation to revel in the immediacy and joy of color—each painting a declaration of the sheer vitality of being alive. Click here for more information
Reafsnyder creates his exuberant paintings using palette knives, his own hands, and found objects—intentionally avoiding brushes to heighten a sense of raw, physical immediacy. Thick, lush, mixes of vividly tinted acrylic paint glide and gather across his canvasses in robust and unexpected color combinations. His works continually unfold, offering moments of delight, surprise, and sensual seduction, their delightful spontaneity translating not only in the artist’s energetic joy of making but also the viewer’s thrill of seeing—each painting a celebration of the boundless pleasure of being alive.
Intentionally shying away from the brooding legacy of Abstract Expressionism, Reafsnyder paints these recent works with a nod to grisaille—the technique of building luminous layers from a foundation of modulated greys. By mixing cool and warm tones into neutral bases, he builds surfaces of unexpected depth. In some of the works, (Pastry Store), icy greys peek through candy-colored swirls; in others, (Chop Shop) warm underlayers subtly glow beneath bold, gestural strokes. Ripping Good’s red intensity grabs attention immediately and unveils slowly, upon extended viewing. Nuance arises and space is disrupted while scale immerses the viewing into a complex array of movement and action.
“My paintings are exuberant and celebratory,” says Reafsnyder. “They intend to delight, glee, and exhilarate. I want to make works that present sudden, wild surprises and joyous acrobatics that can wiggle out from the burden of expectations.”
Michael Reafsnyder is an adjunct professor at Claremont University, CA, having earned his MFA from Art Center College of Design in Pasadena, CA. His works are featured in numerous public and private collections, most notably, the Los Angeles County Museum of Art, the Museum of Contemporary Art San Diego, and the Columbus Museum of Art. He lives and works in Los Angeles.
For New York homeowners facing foreclosure, a powerful legal reform is shifting the balance. The Foreclosure Abuse Prevention Act (“FAPA”), signed into law in December 2022, has introduced substantial new protections that limit abusive litigation practices by lenders. But many consumers are still asking: What does FAPA stand for-and how does it work?
NEW YORK CITY, NY / ACCESS Newswire / July 1, 2025 / Petroff Amshen LLP, a law firm focused on consumer protection and foreclosure defense, is shedding light on the scope and impact of FAPA in New York, and how it is already helping homeowners regain leverage in long-running foreclosure cases.
What Does FAPA Stand For?
FAPA stands for the Foreclosure Abuse Prevention Act-a state law designed to end lender tactics that exploit procedural loopholes to restart or extend foreclosure cases indefinitely.
Before FAPA, banks and mortgage servicers could manipulate the timeline of a foreclosure by voluntarily pausing and re-filing cases, effectively resetting the statute of limitations. This left many homeowners in limbo, facing lawsuits years after they believed the matter was resolved or abandoned.
Now, under FAPA New York, this kind of procedural abuse is no longer allowed. The law restores fairness and finality to the foreclosure process by:
Clarifying how and when the six-year statute of limitations is triggered
Preventing lenders from revoking their decision to accelerate a mortgage simply to extend the time to sue
Limiting the ability to refile foreclosure actions on the same default
Reversing and codifying prior decisions from the New York Court of Appeals into state law
Why FAPA Matters for Homeowners
The passage of FAPA has immediate implications for thousands of New York homeowners who are either in foreclosure or at risk. For many, the law may mean a foreclosure action is now time-barred, making it subject to dismissal under New York’s six-year limit on mortgage enforcement.
“FAPA was passed because the system was being abused-and homeowners were paying the price,” said Steven Amshen, Founding Partner of Petroff Amshen LLP. “This law is about restoring balance and giving families a real defense against endless litigation.”
How Petroff Amshen LLP Uses FAPA to Defend Homeowners
Petroff Amshen LLP has already leveraged FAPA in active foreclosure litigation, helping clients challenge cases that exceed the statute of limitations. Their approach includes:
Reviewing the entire history of the foreclosure process to identify timeline violations
Challenging lenders’ claims when deadlines have expired
Filing motions to dismiss cases under FAPA grounds
Pursuing broader legal relief where appropriate, including cancellation of mortgages through Article 15 actions
The firm represents clients across New York who have been entangled in foreclosure actions for years-many of whom were previously told there was no legal path forward.
Know Your Rights Under FAPA – New York
If you’re currently facing foreclosure or have been re-sued on a mortgage years after the first filing, you may have legal grounds for dismissal. FAPA in New York may apply even if previous cases were discontinued or dismissed.
Petroff Amshen LLP urges homeowners to have their cases reviewed by attorneys who understand this law and its power to stop wrongful foreclosure actions.
Stay Informed. Stay Protected. Stay Connected.
Petroff Amshen LLP shares legal updates, court decisions, and consumer-focused resources to help New Yorkers protect their homes. With nearly two decades of experience in foreclosure defense, the firm continues to lead in applying new laws like FAPA for the benefit of everyday homeowners.
Follow Petroff Amshen LLP for updates on FAPA and foreclosure defense:
Next‑Gen Amnio-Chorionic Membrane for Enhanced Wound Care is Latest Offering in a Slew of New Products Focused on Increasing Patient Care
LAS VEGAS, NV / ACCESS Newswire / July 1, 2025 / New Horizon Medical Solutions, a leader in advanced biologics and wound care innovation, today announced the launch and addition of AmchoPlast™ to its product portfolio. AmchoPlast is a premium amniotic‑chorionic membrane (amnion – chorion with intermediate layer) product designed to elevate outcomes across surgical and chronic wound indications.
“AmchoPlast strengthens our pipeline of compliant, performance-driven biologics that align with modern wound care protocols,” said Will Hall, CEO, New Horizon Medical Solutions. “This launch reflects our commitment to regenerative medicine, practice optimization, and elevating standards of care.”
Delivering superior benefits and practice optimization
Engineered with amiotic-chorionic tissue, AmchoPlast serves as a natural biologic scaffold and barrier, supporting advanced wound care management.
Biocompatible and non-immunogenic, the membrane is safe for a diverse patient population and a wide range of wound types.
Tri-layer construction provides enhanced handling properties and slower degradation compared to single or bi-layer membranes
Designed for clinical workflow and reimbursement ease
Supplied in a sterile, ready-to-use format, AmchoPlast cuts procedural prep time and minimizes infection risk.
Shelf-stable at room temperature, it supports versatile storage for hospitals, clinics, or mobile settings.
Flexible, easy-to-handle, and available in multiple sizes, it facilitates precise application and reduces product wastage.
“The addition of AmchoPlast cements our portfolio as the most complete in the biologics space,” said D. Christopher Keil, SVP, strategy & corporate development. “We now offer providers and partners the broadest range of choices when selecting regenerative solutions from New Horizon.”
About AmchoPlast™
AmchoPlast, from Cellution Biologics, combines the power of amniotic and chorionic tissues with intermediate layer in a tri-layered construct. Intended to act as a barrier and provide protective coverage from the surrounding environment for acute and chronic wounds such as partial and full thickness wounds, pressure sores/ulcers, venous ulcers, diabetic ulcers, chronic vascular ulcers, tunneled/undermined wounds, surgical wounds (e.g., donor site/grafts, post-laser surgery, post-Mohs surgery, podiatric wounds, wound dehiscence), trauma wounds (e.g., abrasions, lacerations, partial thickness burns, skin tears), and draining wounds. For more information on the product, visit nhmedical.com/products/amchoplast or contact New Horizon Medical Solutions directly at 702-960-2913.
About New Horizon Medical Solutions
New Horizon Medical Solutions is at the forefront of biologic innovation and practice optimization. The company develops regenerative tissue products supported by reimbursement expertise and operational efficiency, empowering providers to improve patient outcomes while maintaining compliance. www.nhmedical.com
— Media Contact
Julian Rogers, Director of Corporate Marketing New Horizon Medical Solutions julian.rogers@nhmedical.com 702-971‑1806
Designed for real-life mobility, the Toyota Sienna Hybrid FlexMaxx™ offers families and individuals a quiet, fuel-efficient and adaptable solution for everyday travel.
RICHFIELD, OH / ACCESS Newswire / July 1, 2025 / MobilityWorks, the nation’s largest provider of wheelchair accessible vehicles, mobility equipment, and services, is proud to announce the launch of the Toyota Sienna Hybrid FlexMaxx™ Rear-Entry conversion, available exclusively through MobilityWorks locations nationwide beginning July 1, 2025.
Developed by Driverge Vehicle Innovations, this rear-entry conversion offers the unmatched reliability of Toyota’s hybrid platform – delivering up to 36 MPG – combined with the proven flexibility and performance of Driverge’s FlexMaxx™ design. With a unique seating system that allows for second-row or third-row wheelchair transport, the vehicle can be easily reconfigured to accommodate changing passenger needs-whether it’s one wheelchair user and up to four passengers, or full seating for ambulatory travel.
“This exclusive offering brings together two things our clients care deeply about: cutting-edge automotive technology and flexible, accessible design,” said Chris Paczak, Chief Marketing and Merchandising Officer of MobilityWorks. “The Toyota Hybrid FlexMaxx™ is more than just a wheelchair accessible vehicle, it’s engineered to combine Toyota’s hybrid system and Driverge’s Quiet Ride™ technology together to help families ‘Be There’ like no other wheelchair accessible vehicle ever has. Driverge Vehicle Innovations has been able to maintain the OEM vehicle aesthetic on the front and sides of the van, while engineering a 36-inch wide wheelchair ramp that can be opened and closed using one finger with Driverge’s spring assist system. There is nothing on the market today like this accessible vehicle.”
Key Features of the FlexMaxx™ Rear-Entry Toyota Sienna Hybrid:
Flexible Seating Configurations: Accommodates up to 4 passengers + 1 wheelchair user
2nd-Row Flip-and-Fold Seating: Quick conversion between passenger and wheelchair transport while maintaining OEM aesthetic
Extra-Wide 36″ Manual Ramp: Designed for ease and versatility, the rear-entry ramp is wide enough to accommodate a range of mobility devices, is spring-assisted and lightweight for ease of use
OEM-Level Design Aesthetic: Maintains the original Toyota Sienna look on the front and sides for a sleek, factory-finished appearance, blending accessibility with modern design
Hybrid Performance: Fuel-efficient Toyota technology meets accessibility without compromise and retains the OEM fuel tank
Quiet Ride™ Technology: Designed with Driverge’s proprietary Quiet Ride™ system for a smoother, quieter experience inside the cabin
Exclusive Availability: Only available for purchase at MobilityWorks locations in the U.S.
With NMEDA MQAP certification and design approved by the National Highway Traffic Safety Administration, the FlexMaxx™ is ideal for both personal and family use, offering a seamless blend of quality, comfort, and confidence.
Clients can begin placing orders for the new vehicle starting July 1 at any MobilityWorks location or by calling 877-275-4907.
About MobilityWorks:
MobilityWorks is the nation’s largest retailer of wheelchair accessible vehicles, mobility equipment and services. MobilityWorks is a portfolio company of Flexpoint Ford, a private equity firm that specializes in investments in the healthcare and financial services industries. MobilityWorks Commercial is the largest provider of commercial wheelchair vans in the country. MobilityWorks and manufacturer Driverge Vehicle Innovations together make up WMK, LLC, established in 1997 and recognized on the Inc. 500|5000 list of Inc. Magazine’s fastest-growing privately held companies, as well as Newsweek’s list of America’s Greatest Workplaces.
Next‑Gen Amnio-Chorionic Membrane for Enhanced Wound Care is Latest Offering in a Slew of New Products Focused on Increasing Patient Care
LAS VEGAS, NV / ACCESS Newswire / July 1, 2025 / New Horizon Medical Solutions, a leader in advanced biologics and wound care innovation, today announced the launch and addition of AmchoPlast™ to its product portfolio. AmchoPlast is a premium amniotic‑chorionic membrane product designed to elevate outcomes across surgical and chronic wound indications.
“AmchoPlast strengthens our pipeline of compliant, performance-driven biologics that align with modern wound care protocols,” said Will Hall, CEO, New Horizon Medical Solutions. “This launch reflects our commitment to regenerative medicine, practice optimization, and elevating standards of care.”
Delivering superior benefits and practice optimization
Engineered with amniotic‑chorionic tissue, AmchoPlast serves as a natural biologic scaffold and barrier, supporting advanced wound care management and regenerative tissue growth.
Rich in growth factors and cytokines, it enhances angiogenesis, reduces inflammation, and promotes cellular proliferation and differentiation.
Biocompatible and non-immunogenic, the membrane is safe for a diverse patient population and a wide range of wound types.
With anti-inflammatory and anti-fibrotic activity, AmchoPlast helps reduce scarring, minimize adhesions, and accelerates epithelialization.
Designed for clinical workflow and reimbursement ease
Supplied in a sterile, ready-to-use format, AmchoPlast cuts procedural prep time and minimizes infection risk.
Shelf-stable at room temperature, it supports versatile storage for hospitals, clinics, or mobile settings.
Flexible, easy-to-handle, and available in multiple sizes, it facilitates precise application and reduces product wastage.
Supported by HCPCS‑compliant Q codes, AmchoPlast streamlines billing and reimbursement in line with CMS and payer requirements.
“The addition of AmchoPlast cements our portfolio as the most complete in the biologics space,” said D. Christopher Keil, SVP, strategy & corporate development. “We now offer providers and partners the broadest range of choices when selecting regenerative solutions from New Horizon.”
About AmchoPlast™
AmchoPlast, from Cellution Biologics, combines the regenerative power of amniotic and chorionic tissues in a dual-layer membrane. Intended for surgical reconstruction, chronic wounds (including diabetic foot ulcers and pressure injuries), burns, tendon and nerve repair, the product supports homologous use in clinical application, wound care, and optimized patient outcomes. For more information on the product, visit nhmedical.com/products/amchoplast or contact New Horizon Medical Solutions directly at 702-960-2913.
About New Horizon Medical Solutions
New Horizon Medical Solutions is at the forefront of biologic innovation and practice optimization. The company develops regenerative tissue products supported by reimbursement expertise and operational efficiency, empowering providers to improve patient outcomes while maintaining compliance. www.nhmedical.com — Media Contact Julian Rogers, Director of Corporate Marketing New Horizon Medical Solutions julian.rogers@nhmedical.com 702-971‑1806
Backed by over two years of development and 500+ global institutional clients, VelaFi enters the market with mature infrastructure and proven scale.
With operations across LATAM, the U.S., Asia, and expanding into EMEA, VelaFi delivers modern infrastructure for businesses navigating complex financial environments.
MEXICO CITY, MEXICO AND DALLAS, TX / ACCESS Newswire / July 1, 2025 / After over two years of development and operations, Galactic Holdings, the parent company of TruBit Business, officially announces the launch of VelaFi: the natural evolution of its enterprise-focused vertical. This new identity reflects a more focused, institutional, and global vision, built on a foundation of solid technology and hands-on experience.
With over 500 institutional global clients and a validated infrastructure, VelaFi positions itself as a mature platform built to operate across complex and fragmented financial environments. The company currently has active operations in Latin America, the United States, Hong Kong, and Singapore, and continues to expand partnerships across the Middle East, Europe, and Africa.
VelaFi’s launch comes at a pivotal moment for the transformation of the global financial system. Stablecoins have now surpassed $250 billion in circulation worldwide, signaling increasing and sustained market adoption. As regulatory frameworks around digital payments continue to evolve businesses operating across jurisdictions require modern, reliable infrastructure aligned with new compliance expectations.
“We’ve spent years building the infrastructure that businesses in emerging markets actually need,” said Maggie Wu, CEO and Co-Founder of VelaFi. “This isn’t about entering the market-we’ve been here, solving real problems for real companies. What you’re seeing now is the natural evolution of that work: proven technology, established relationships, and a clear vision for how cross-border financial infrastructure should work in today’s economy.”
VelaFi was born from a deep understanding of the challenges that companies face in emerging markets. From its early days as TruBit Business, the company identified a critical need: financial infrastructure capable of navigating fragmented regulatory environments, inconsistent banking relationships, and cross-border operational demands, without sacrificing speed or compliance.
That vision has been shaped through direct experience with clients in sectors like import/export, logistics, SaaS, fintech, and global services. Through these partnerships, the platform has evolved into a model that not only processes transactions but also delivers operational tools, regional intelligence, and a regulatory-first architecture ready to scale.
The name VelaFi, inspired by the Spanish word vela (sail), reflects the company’s philosophy: direction, structure, and the ability to move forward, even in turbulent waters. Today, the platform offers scalable payment solutions, integrable APIs, and real-time tools for treasury management, reconciliation, and compliance, all built with regulatory readiness at its core.
This foundation has proven its ability to scale sustainably, not just through geographic reach, but by adapting to diverse environments, integrating with local systems, and providing structure where the market often delivers uncertainty. VelaFi doesn’t aim to impose a one-size-fits-all model, it builds from the logic of each market, using strong infrastructure principles as the basis for global growth.
“Our clients don’t need another payment processor,” Wu added. “They need infrastructure that understands the complexity of their operations and provides clarity where the market only offers fragmentation. That’s what we’ve built-and that’s what we’re scaling.”
In a world where companies increasingly operate across multiple currencies, jurisdictions, and regulatory frameworks, VelaFi addresses a structural challenge: enabling sustainable growth through modern, intelligent infrastructure. With a clear institutional focus and a proven platform, the company is entering a new phase of expansion-launching new products and deepening its international presence to support businesses operating across the world’s most complex markets.
About VelaFi VelaFi is a financial infrastructure platform designed for companies operating in emerging markets and fragmented financial environments. Evolved from TruBit Business – the B2B unit of Galactic Holdings – it provides cross-border payment solutions, regulatory compliance tools, and operational scalability for institutions.
The platform currently operates across Latin America, the United States, and Asia, with expansion underway into the Middle East, Europe, and Africa. Its mission is clear: to build the infrastructure layer that real companies need to grow without friction in a transforming financial system.
Hwang to Lead Next Phase of Growth as Long-Time CEO Austin Vanchieri Becomes Executive Chair
NORTH CANTON, OHIO / ACCESS Newswire / July 1, 2025 / Visual Edge IT, Inc., a national leader in managed IT services and office technology solutions, today announced the appointment of James Hwang as Chief Executive Officer, effective July 7, 2025. Hwang will also join the company’s Board of Directors. He succeeds Austin Vanchieri, who will transition to the role of Executive Chair of the Board of Directors after more than three decades of executive leadership. Vanchieri will continue to provide strategic leadership in his role of Executive Chair.
Visual Edge IT Logo Logotype for Visual Edge IT
Hwang brings to Visual Edge IT a distinguished track record of operational excellence and transformational leadership in the IT services sector. He most recently served as CEO of 1Path Holdings, a comprehensive IT services and consulting firm based in Atlanta. Prior to that, Hwang led Cal Net Technology Group, one of the foundational companies that became the nationwide IT managed services platform known as NexusTek. Under his leadership, Cal Net was honored as Channel Futures’ MSP of the Year.
“It has been an incredible honor to lead Visual Edge IT for more than 31 years,” said Austin Vanchieri. “Our team has built a resilient and innovative organization that now spans more than 70 markets across the U.S. and with James’ experience and leadership, I’m confident Visual Edge is well-positioned to be a leader in the next era of industry growth and technology innovation.”
“I am excited and honored to join Visual Edge IT at such an important moment in its journey,” said Hwang. “I look forward to working with our employees, customers, and partners to accelerate innovation, enhance value, and expand our national reach.”
The appointment marks a pivotal milestone in Visual Edge IT’s ongoing transformation into a comprehensive national technology solutions provider. Hwang’s leadership will focus on scaling service offerings, deepening customer relationships, and driving growth across both IT services and office technology platforms.
About Visual Edge IT, Inc.
Visual Edge IT is a national provider of managed IT services, cybersecurity, and office technology solutions. With a network of over 70 service locations across the U.S., Visual Edge IT delivers best-in-class technology solutions designed to improve efficiency, security, and business performance for small and midsize businesses nationwide.
Wattbike acquisition is the latest milestone in transformational strategy and the Sportstech acquisition is on track to close in the third quarter
TRNR confirms guidance of more than $75 million in pro forma 2025 revenue and profitability in fourth quarter
TRNR’s $55 million Digital Asset Treasury is actively purchasing $FET cryptocurrency
AUSTIN, TX AND NOTTINGHAM, UK / ACCESS Newswire / July 1, 2025 / Interactive Strength Inc. (Nasdaq:TRNR) (“TRNR” or the “Company”), maker of innovative specialty fitness equipment under the CLMBR and FORME brands and pending acquirer of Sportstech, today announced that it has completed its previously announced all-stock acquisition of Wattbike, the pioneering indoor performance training bike business trusted by elite athletes and fitness enthusiasts worldwide, which has cumulatively sold more than 100,000 bikes.
The closing follows the approval on June 18, 2025 from the UK Financial Conduct Authority and the satisfaction of all material conditions of the binding transaction agreement signed in April 2025. Wattbike’s operations will be consolidated into TRNR’s results immediately and will be reported in TRNR’s third quarter financials.
“Today’s acquisition marks the latest milestone in the transformational strategy that we have outlined to investors and should provide increased confidence in our ability to execute against our plan,” said Trent Ward, Co-Founder & Chief Executive Officer of TRNR. “Wattbike is now officially part of TRNR, and we look forward to being able to announce the completion of the Sportstech acquisition in the near-term.
Mr. Ward continued: “As a result of those transactions, we expect to generate more than $75 million of pro forma 2025 revenue and achieve profitability in the fourth quarter. When combined with the $55 million we raised a few weeks ago for our innovative Digital Asset Treasury strategy, and the fact that we are actively investing in AI-focused $FET, we believe that TRNR has significant, under-appreciated upside.”
Mr. Ward concluded: “Wattbike’s operations, thousands of customer gyms and world-class brand give us meaningful assets and scale in the world’s second-largest fitness market – the UK. Its differentiated range of products – for both elite and mainstream athletes – also create big potential opportunities in the US, EU and Asia.”
Stephen Loftus, CEO of Wattbike, added: “TRNR’s unique portfolio of operating assets, combined with its Nasdaq listing, and increasing focus on using cost-effective technology is expected to unlock new levels of growth for Wattbike. We’re thrilled to start building the next chapter together.”
Recap – Transaction highlights:
100 % of Wattbike acquired in an all-stock deal, with up to 60 % of total consideration subject to performance-based hurdles in order to align business performance with shareholder returns.
The consideration shares are locked up until at least June 2026, and no cash consideration was paid to previous Wattbike shareholders.
Wattbike’s projected performance is expected to be immediately accretive to TRNR’s 2025 results, and combined with the pending Sportstech transaction, is expected to result in more than $75 million of pro forma 2025 revenue and profitability in Q4 2025.
Creates a diversified connected hardware portfolio spanning cycling (Wattbike), vertical climbing (CLMBR) and digital strength (FORME).
In terms of next steps, TRNR anticipates continuing with integration planning and execution, including optimizing the global distribution networks and channels it already shares with Wattbike – e.g., with entities like Woodway – as well as its manufacturing and supply chain partnerships to drive rapid cost synergies and working-capital optimization.
In addition, joint teams are already working on ways to leverage Wattbike’s uniquely differentiated dataset on performance training, including with AI-focused training experiences developed with Fetch.ai and powered by TRNR’s recently announced up to $500 million $FET Digital Asset Treasury strategy. Finally, the Sportstech acquisition remains on track to close in the third quarter.
Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol:TRNR).
CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR’s design is compact and easy to move – making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. www.clmbr.com.
FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company’s connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. www.formelife.com.
Forward Looking Statements: This press release includes certain statements that are “forward-looking statements” for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management’s assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as “believe”, “project”, “expect”, “anticipate”, “estimate”, “intend”, “strategy”, “future”, “opportunity”, “plan”, “may”, “should”, “will”, “would”, “will be”, “will continue”, “will likely result” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the possibility of acquiring future businesses or completing the referenced transactions in the third quarter or at all, the financial performance of those acquisitions and the resulting guidance of being accretive to earnings immediately or in the future, generating more than $75m of pro forma 2025 revenue, achieving profitability in the fourth quarter or there being significant upside in the Company’s share, or how underappreciated it might be. 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. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements.
Signed Partnership Agreement with Long-Term Framework to Support Go-to-Market Plan, Regulatory Progress, and Customer Acquisition Strategy
NEW YORK, NY AND DALLAS, TX / ACCESS Newswire / July 1, 2025 / Terra Innovatum Srl (“Terra Innovatum,” or the “Company”), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq: GSRT), a publicly traded special purpose acquisition company, today announced that Terra Innovatum has signed a Memorandum of Understanding (“MOU”) with TechSource Inc., an employee-owned science and engineering firm specializing in end-to-end nuclear energy and weapons lifecycle management, advanced scientific R&D, and leadership in the delivery of cutting edge solutions across the federal and commercial sectors. In this partnership TechSource will accelerate the introduction of Terra Innovatum’s SOLO™ micro-modular reactor through supply chain and regulatory advisory support, while expanding access to potential strategic investors, customers and U.S. agency funding programs, including deployment pathways at the U.S. Department of Energy (“DOE”) and Department of Defense (“DOD”).
“This collaboration represents a pivotal milestone in advancing our SOLO™ MMR technology toward full-scale commercialization,” said Alessandro Petruzzi, Co-founder & CEO of Terra Innovatum. “TechSource’s deep network across U.S. governmental agencies, expertise in nuclear material management and U.S. regulatory knowledge will support our regulatory and commercial progress, while bolstering our federal funding and customer acquisition opportunities. Together, we plan to strengthen our connection with industry leaders and national laboratories in the U.S. to build a foundation for the widespread deployment of safe, modular nuclear power. Together, we are fast-tracking SOLO™’s impact on a cleaner, more resilient global energy future.”
“TechSource is proud to partner with Terra Innovatum at this critical inflection point for advanced nuclear innovation,” said V. Brian D’Andrea, Chairman & CEO of TechSource. “Our involvement with nuclear reactor technology dates back to our company’s inception and carries through to today. With decades of experience supporting the Department of Energy, the Department of Defense, national laboratories, and public-sector institutions, we are uniquely positioned to help accelerate the commercialization and deployment of the SOLO™ micro-modular reactor. This collaboration underscores our shared commitment to strengthening national security, advancing safe, scalable nuclear technologies that drive energy resilience, , and delivering technically challenging solution sets across both domestic and international markets.”
Giordano Morichi, Partner, Chief Business Development Officer & Investor Relations of Terra Innovatum stated: “This agreement marks a pivotal step in accelerating the commercial deployment of our technology. TechSource’s unmatched track-record, combined with their expertise in regulatory strategy, stakeholder engagement, and national program execution, makes them an invaluable partner as we bring SOLO™ to market. Together, we’re building not just a deployment plan, but a go-to-market strategy that integrates site development, government partnerships, and industrial adoption. This MOU sets the stage for unlocking real-world opportunities that will move our technology from design to large-scale commercial impact.”
Curtis Christensen, Senior Vice President, West Operations at TechSource, concluded: “This partnership is a natural alignment of vision and capability. Terra Innovatum is pushing the frontier of modular nuclear innovation, and TechSource brings decades of experience delivering complex nuclear programs for federal agencies and international partners. Together, we can accelerate SOLO™’s journey from concept to deployment. Our team is committed to supporting the full lifecycle of this technology-from regulatory approval and site development to stakeholder engagement and long-term operations. We see SOLO™ not just as a reactor, but as a transformative energy solution for critical infrastructure, defense applications, and the global clean energy transition.”
In Picture: A conceptual rendering showcasing four SOLO™ micro-modular reactors (4 MWe / 20 MWt) seamlessly integrated into an off-grid military complex-highlighting the system’s compact footprint, scalability, and potential to deliver clean, reliable power directly at the point of use.
Under the terms of the agreement, Terra Innovatum and TechSource Inc. will work collaboratively on identifying and securing optimal sites for reactor assembly and deployment, optimize supply chain management, support NRC compliance, and engage with key stakeholders-including the DOE, DOD, international laboratories, industry leaders, and institutional end users. The collaboration also paves the way for potential co-investments in operational hubs, advanced manufacturing infrastructure, and strategic R&D partnerships.
ABOUT TERRA INNOVATUM & SOLOTM
Terra Innovatum’s mission is to make nuclear power accessible. We deliver simple and safe micro-reactor solutions that are scalable, affordable and deployable anywhere 1 Mwe at a time.
Terra Innovatum is a pioneering force in the energy sector, dedicated to delivering innovative and sustainable power solutions. Terra Innovatum plans to leverage cutting-edge nuclear technology through the SOLO™ Micro-Modular Reactor (SMR™) to provide efficient, safe, and environmentally conscious energy. With a mission to address global energy shortages, Terra Innovatum combines extensive expertise in nuclear industry design, manufacturing, and installation licensing to offer disruptive energy solutions. Committed to propelling technological advancements, Terra Innovatum and SOLO™ are dedicated to fostering prosperity and sustainability for humankind.
It is anticipated that SOLO™ will be available globally within the next three years. Conceptualized in 2018 and engineered over six years by experts in nuclear safety, licensing, innovation, and R&D, SOLO™ addresses pressing global energy demands with a market-ready solution. Built from readily available commercial off-the-shelf components, the proven licensing path for SOLO™ enables rapid deployment and minimizes supply chain risks, ensuring final cost predictability. Designed to adapt with evolving fuel options, SOLO™ supports both LEU+ and HALEU, offering a platform ready to transition to future fuel supplies.
SOLO™ will offer a wide range of versatile applications, providing CO2-free, behind-the-meter, and off-grid power solutions for data centers, mini-grids serving remote towns and villages, and large-scale industrial operations in hard-to-abate sectors like cement production, oil and gas, steel manufacturing, and mining. It also has the ability to supply heat for industrial applications and other specialized processes, including water treatment, desalination and co-generation. Thanks to its modular design, SOLO™ can easily scale to deliver up to 1GW or more of CO2-free power with a minimal footprint, making it an ideal solution for rapidly replacing fossil fuel-based thermal plants. Beyond electricity and heat generation, SOLO™ can also contribute to critical applications in the medical sector by producing radioisotopes essential for oncology research and cancer treatment.
Founded in 1997, TechSource is a recognized leader in nuclear science and engineering, comprising more than 500 senior-level scientists, engineers, and industry experts drawn from national laboratories, federal technology programs, and the nuclear industry. The company is widely regarded as an independent, qualified expert, with its advice and solutions trusted as authoritative by clients and their stakeholders.
TechSource consultants bring decades of hands-on experience across the full spectrum of the nuclear material life cycle, including basic and materials research, facility design and operations, weapons programs, material disposition, and systems and operations analysis. Their deep expertise spans particle accelerator design and operation, nuclear power generation, nuclear materials technology, national laboratory initiatives, enterprise and operational IT programs, and complex systems integration.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or constitute a solicitation of any vote or approval.
In connection with the business combination, a Dutch public limited liability company (“Pubco”), GSR III Acquisition Corp. (“GSRT”) and Terra Innovatum s.r.l. (“Terra Innovatum” and, together with GSR III and Pubco, the “Registrant Parties”) have filed with the SEC a registration statement on Form S-4 (the “Registration Statement”), which includes a preliminary prospectus of Pubco relating to the offer of securities to be issued in connection with the business combination, and a preliminary proxy statement of GSRT to be distributed to holders of GSRT’s ordinary shares in connection with GSRT’s solicitation of proxies for a vote by GSRT’s shareholders with respect to the Business Combination and other matters described in the Registration Statement. The Registrant Parties also plan to file other documents with the SEC regarding the business combination. After the Registration Statement has been declared effective by the SEC, a definitive proxy statement/prospectus will be mailed to the shareholders of GSRT. INVESTORS OF THE REGISTRANT PARTIES ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS CONTAINED THEREIN (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND ALL OTHER DOCUMENTS RELATING TO THE BUSINESS COMBINATION THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS COMBINATION.
Investors will be able to obtain free copies of the proxy statement/prospectus and other documents containing important information about the Registrant Parties once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. In addition, the documents filed by GSRT may be obtained free of charge by written request to GSRT at 5900 Balcones Drive, Suite 100, Austin TX 78731.
PARTICIPANTS IN THE SOLICITATION
Each of the Registrant Parties, and their respective directors and executive officers, may be considered participants in the solicitation of proxies with respect to the potential transaction described in this communication under the rules of the SEC. Information about the directors and executive officers of GSRT is set forth in GSRT’s filings with the SEC. Information regarding other persons who may, under the rules of the SEC, be deemed participants in the solicitation of the shareholders in connection with the potential transaction and a description of their direct and indirect interests will be set forth in the Registration Statement (and will be included in the proxy statement/prospectus) and other relevant documents when they are filed with the SEC. These documents can be obtained free of charge from the sources indicated above.
FORWARD LOOKING STATEMENTS
The statements contained in this press release that are not purely historical are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on GSRT and the other Registrant Parties. There can be no assurance that future developments affecting GSRT and the other Registrant Parties will be those that we have anticipated. These forward-looking statements speak only as of the date this press release is delivered and involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreements with respect to the Business Combination; (2) the outcome of any legal proceedings that may be instituted against GSRT, any of the Registrant Parties, the combined company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (3) the inability to complete the Business Combination due to the failure to obtain approval of the shareholders of GSRT or the SEC’s declaration of the effectiveness of the Registration Statement (which will include the proxy statement/prospectus contained therein) to be filed by the Registrant Parties or to satisfy other conditions to closing; (4) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (5) the ability of Pubco to meet stock exchange listing standards following the consummation of the Business Combination; (6) the risk that the Business Combination disrupts current plans and operations of Terra Innovatum as a result of the announcement and consummation of the Business Combination; (7) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Business Combination, including the reorganization described in the business combination agreement; (9) changes in applicable laws or regulations; (10) the possibility that the Registrant Parties or the combined company may be adversely affected by other economic, business, and/or competitive factors; (11) the amount of redemption requests made by GSRT shareholders and (12) other risk factors described herein as well as the risk factors and uncertainties described in the Form S-4 and GSRT’s other filings with the SEC, as well as any further risks and uncertainties to be contained in the proxy statement/prospectus filed after the date hereof. In addition, there may be additional risks that neither GSRT nor any of the other Registrant Parties presently know, or that GSRT or the other Registrant Parties currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this communication should be regarded as a representation by any person that the forward- looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.
None of GSRT, the other Registrant Parties, or any of their respective affiliates, officers, employees or agents, makes any representation or warranty, either express or implied, in relation to the fairness, reasonableness, adequacy, accuracy, completeness or reliability of the information, statements or opinions, whichever their source, contained in this press release or any oral information provided in connection herewith, or any data it generates and accept no responsibility, obligation or liability (whether direct or indirect, in contract, tort or otherwise) in relation to any of such information. GSRT, the other Registrant Parties and their respective affiliates, officers, employees and agents further expressly disclaim any and all liability relating to or resulting from the use of this press release and any errors therein or omissions therefrom. Further, the information contained herein is preliminary, is provided for discussion purposes only, is only a summary of key information, is not complete and is subject to change without notice.
In addition, the information contained in this press release is provided as of the date hereof and may change, and neither GSRT nor the other Registrant Parties undertakes any obligation to update or revise any forward- looking statements, whether as a result of new information, inaccuracies, future events or otherwise, except as may be required under applicable securities laws.
SAN BERNARDINO, CA / ACCESS Newswire / July 1, 2025 / Dateline Resources Limited (ASX:DTR)(OTCQB:DTREF) (“Dateline” or “the Company”) is thrilled to announce the successful completion of a comprehensive magnetotelluric (MT) geophysical survey at its 100%-owned Colosseum Gold-REE Project, located in East San Bernardino County, California. The survey, finalized on June 29, 2025, with 167 stations surveyed across a 200-meter line spacing and 150-meter station spacing grid, has yielded preliminary data that closely aligns with the geophysical signature of the world-class Mountain Pass rare earth element (REE) deposit, situated just 10 km to the south. Concurrently, the ongoing geochemical sampling program is 75% complete, with initial assay results confirming anomalous REE concentrations, further enhancing the project’s exploration prospects.
Key Findings
Successful MT Survey Completion: The MT survey concluded on schedule, with data collected using advanced 100m inline and 100m crossline electric field dipoles, paired with horizontal (x,y) magnetic field sensors at every other site and vertical (z) sensors at 25% of sites. Overnight recordings of 14-16 hours per station, supported by a remote reference site 30-40 km away, ensured high-quality data. Rigorous QA/QC checks, including preliminary 1D and 2D inversion models, have validated the dataset’s integrity for upcoming 3D modelling.
High-Resistivity Anomaly on Line 2200N: Preliminary 2D resistivity sections reveal an anomalous resistivity zone on survey line 2200N, extending from depth to the surface. This anomaly is precisely coincident with mapped REE-bearing fenite dykes and trachyte dykes, suggesting a resistive intrusive body or alteration zone potentially linked to carbonatite systems.
Mountain Pass Analogue: The geophysical profile at Colosseum mirrors the Mountain Pass deposit’s characteristic trio of anomalies: a relative gravity high, a relative magnetic low, and moderate resistivity (70-120 Ω·m). Reprocessed 2023 and 2024 gravity survey data, combined with regional magnetic data, show a gravity high and magnetic low in the fenite-bearing zone, reinforcing the Mountain Pass-like signature indicative of carbonatite-hosted REE mineralization.
Geochemical Sampling Progress: As of June 30, 2025, 916 of approximately 1,200 soil and rock samples have been collected on a 60-meter spaced grid across the claim block, representing 75% completion. Initial assays from the first batch, processed by ALS Global Laboratories in Reno, Nevada, using aqua regia super trace ICP-MS analysis, have detected anomalous REE values, including cerium, lanthanum, and yttrium, above background levels. The program is on track for completion by mid-July, with full results expected later that month.
Detailed Survey Insights
The preliminary 2D resistivity section for line 2200N highlights a near-surface high-resistivity anomaly directly overlying fenite and trachyte dykes, which are exposed in the Colosseum pit walls and mapped north and east of the breccia pipes. This spatial correlation suggests a deep-seated resistive body, potentially a carbonatite intrusion, associated with REE mineralization. Across other survey lines, distinct resistivity contrasts indicate clay-rich alteration zones (low resistivity), possibly linked to gold-bearing breccia pipes, and higher-resistivity zones that may reflect unaltered intrusive or silicified areas. These findings align with Dateline’s goal of imaging deep structures and alteration zones, with all preliminary sections under review by the technical team.
Mountain Pass Geophysical Benchmark
The Mountain Pass deposit, operated by MP Materials, provides a proven geophysical template for Colosseum. According to USGS studies (Peacock et al., 2021), Mountain Pass’s carbonatite orebody exhibits a dense, non-magnetic core surrounded by moderately resistive host rocks. At Colosseum, the fenite-bearing zone on line 2200N corresponds with a gravity high from the 2024 survey, a magnetic low from regional datasets, and the observed intermediate resistivity. This trifecta of anomalies, consistent with carbonatite REE systems, positions Colosseum as a high-potential exploration target. The Company is integrating these findings with historical data to refine the exploration model.
Geochemical Sampling Update
The geochemical program, initiated in mid-June 2025, involves systematic sampling across the entire claim block, with crews collecting 0.5 kg of material per sample using GPS-guided 60-meter spacing. Samples are dried, crushed, split, and pulverized at ALS Global, with assays targeting gold, silver, REEs, and pathfinder elements. The initial results, showing REE anomalies, are a critical early indicator of mineralization. Once all 1,200 samples are assayed, Dateline will generate geochemical anomaly maps to identify multi-element clusters, integrating these with geophysical data to prioritize drill targets.
Next Steps
Dateline is transitioning to the data integration and target definition phase, with the following planned activities:
3D MT Inversion Modelling: A full 3D resistivity model will be developed using dual inversion approaches. A Colorado-based multi-physics team will employ a proprietary 3D inversion code, while a Perth, Australia, team will use the ModEM MT inversion software. This dual approach, expected to be completed in a few weeks, will cross-validate results and enhance subsurface imaging.
Geochemical Completion: The remaining 284 samples will be collected and assayed by mid-July, with comprehensive interpretation to follow. Anomaly maps for cerium, lanthanum, yttrium, and other REEs will guide target delineation.
Integrated Targeting and Drill Program: The 3D MT model, complete geochemical dataset, and reprocessed gravity/magnetic data will be layered to identify coincident anomalies. High-priority targets exhibiting the Mountain Pass-like signature (gravity high, magnetic low, intermediate resistivity) will be slated for drilling. The planned campaign will test both REE potential in the carbonatite target and remaining gold resources in the breccia pipes, with updates to follow upon target finalization.
About Dateline Resources Limited
Dateline Resources Limited (ASX: DTR, OTCQB: DTREF) is an Australian company focused on mining and exploration in North America. The Company owns 100% of the Colosseum Gold-REE Project in California.
The Colosseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California. On 6 June 2024, the Company announced to the ASX that the Colosseum Gold mine has a JORC-2012 compliant Mineral Resource estimate of 27.1Mt @ 1.26g/t Au for 1.1Moz. Of the total Mineral Resource, 455koz @ 1.47/t Au (41%) are classified as Measured, 281koz @1.21g/t Au (26%) as Indicated and 364koz @ 1.10g/t Au (33%) as Inferred.
On 23 May 2025, Dateline announced that updated economics for the Colosseum Gold Project generated an NPV6.5 of US$550 million and an IRR of 61% using a gold price of US$2,900/oz. The Colosseum is located less than 10km north of the Mountain Rare Earth mine. Planning has commenced on drill testing the REE potential at Colosseum.
Forward-Looking Statements
This announcement may contain “forward-looking statements” concerning Dateline Resources that are subject to risks and uncertainties. Generally, the words “will”, “may”, “should”, “continue”, “believes”, “expects”, “intends”, “anticipates” or similar expressions identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Dateline Resources’ ability to control or estimate precisely, such as future market conditions, changes in regulatory environment and the behavior of other market participants. Dateline Resources cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward-looking statements. Dateline Resources assumes no obligation and does not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required.
Competent Person Statement
Sample preparation and any exploration information in this announcement is based upon work reviewed by Mr Greg Hall who is a Chartered Professional of the Australasian Institute of Mining and Metallurgy (CP-IMM). Mr Hall has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to quality as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves” (JORC Code). Mr Hall is a Non-Executive Director of Dateline Resources Limited and consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.
