NAPLES, FL / ACCESS Newswire / October 22, 2026 / Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) ("RET" or the "Company"), a leading provider of ionization precipitation enhancement technology, today announced preliminary warm-season results from its deployment of the WETA (Weather Enhancement Technology Array) in Utah's La Sal Mountains. The Company's analysis of April through July 2026 precipitation at the La Sal Upper monitoring station estimates more than 20% enhancement compared with what the site would have been expected to receive without the WETA. Both statistical models used in the evaluation place the probability that the WETA had a positive effect above 80%.

The results follow RET's previously reported winter 2025-26 findings, in which the Company's analysis estimated more than 20% enhancement in snow water equivalent at the same site during a historically dry winter. Together, the two periods indicate that the WETA's effect extends beyond snow season into the spring and summer months, when water demand from agriculture, communities and ecosystems typically peaks.

"Our winter results showed what the WETA can do for snowpack. These warm-season findings matter because they show the same installation continuing to deliver during the months when farmers, ranchers and water managers feel water stress most directly," said Randy Seidl, CEO of Rain Enhancement Technologies. "We are reporting these as preliminary results, and we are deliberately conservative in how we present them. We would rather let the data build the case season by season than overstate what a single season can tell us."

The WETA array is installed on Flat Iron Mesa, several miles inside San Juan County, Utah, near the La Sal Mountains, and its area of influence extends across portions of both San Juan and Grand counties. During precipitation events, prevailing southwest winds carry the array's ions northeast toward the range. To isolate the WETA's effect from natural weather variability, RET's science team used a counterfactual approach: the team trained statistical models on the historical relationship between precipitation in the La Sal Mountains and two control stations in the Abajo Mountains, approximately 40 miles to the south. The Abajo sites experience the same storm systems as La Sal but lie outside the area influenced by the WETA. The models then used observed Abajo data from the operating period to estimate what La Sal would have received without the WETA and compared that estimate with what was actually measured. All four stations are part of the U.S. Department of Agriculture's Natural Resources Conservation Service SNOTEL (Snow Telemetry) network.

"The question we set out to answer is simple: how much precipitation would La Sal have received without the WETA?" said Dr. Jeffrey Chagnon, Senior Meteorologist at Rain Enhancement Technologies. "By building that estimate from control sites that see the same storms, and testing it with two very different statistical approaches, we can separate the array's effect from the natural ups and downs of the weather. Both models point in the same direction for the April through July period, which gives us confidence in the seasonal result."

RET evaluated the data using two separate statistical methods, ridge regression and Bayesian Structural Time Series (BSTS). From April through July 2026, the La Sal Upper station recorded 9.90 inches of precipitation. Both models attribute more than 2 inches of that total to enhancement. The estimated probability that the effect was positive was 97% under the ridge regression model and 82% under the BSTS model. Both models estimated a positive effect in each month, although, as expected, month-by-month estimates carry more uncertainty than the seasonal total.

Consistent with the Company's operating protocols, RET suspended WETA operations during National Weather Service flood warnings in the region in August and September 2026. Because the array operated for only part of those months, RET has excluded them from this analysis.

Unlike conventional cloud seeding, which generally depends on sub-freezing conditions and aircraft or chemical dispersal, the WETA is a ground-based, solar-powered, chemical-free system that operates autonomously year-round. RET continues to monitor the La Sal deployment and will report additional results as further seasons of data become available.

About Rain Enhancement Technologies, Inc.

Rain Enhancement Technologies was founded to provide the world with reliable access to water, one of life's most important resources. To achieve this mission, RET develops, manufactures, and commercializes ionization precipitation generation technology that enhances rainfall and snowpack to address water scarcity challenges. The Company is also developing applications for fog mitigation to expand its weather modification capabilities. RET's chemical-free, solar-powered technology seeks to transform water resource management for businesses, society, and the planet. To learn more, go to www.rainenhancement.com.

Forward-Looking Statements

The disclosure herein includes certain statements that are not historical facts but 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 generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "project," "forecast," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, (1) statements regarding the significance of the statistical analysis of the performance of the WETA; (2) statements regarding impact of the WETA system on year-round precipitation; (3) references with respect to the anticipated benefits of the Company's WETA platform and technology; (4) the reliability of the statistical analysis of enhanced snowpack; and (5) current and future potential commercial and customer relationships. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of RET's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of RET. These forward-looking statements are subject to a number of risks and uncertainties, as set forth in the section entitled "Risk Factors" in the Company's annual report on Form 10-K for the year ended December 31, 2025, filed with the SEC on April 15, 2026, as amended from time to time. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. The risks and uncertainties above are not exhaustive, and there may be additional risks that Rain Enhancement Technologies, Inc. ("RETI") and RET do not presently know or that RETI and RET currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect RETI and RET's expectations, plans or forecasts of future events and views as of the date of this press release. RETI and RET anticipate that subsequent events and developments will cause RETI and RET's assessments to change. However, while RETI and RET Holdco may elect to update these forward-looking statements at some point in the future, RETI and RET specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing RETI and RET's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Media Contact

Neal Stein
Technology PR Solutions
321-473-7407
nealjstein@techprsolutions.com

Linda Maynard
Rain Enhancement Technologies
(617) 869-4832
linda@rainenhancement.com

SOURCE: Rain Enhancement Technologies

CHICAGO, IL / ACCESS Newswire / October 22, 2026 / Cosmos Health Inc. ("Cosmos Health" or the "Company") (NASDAQ:COSM), a diversified, vertically integrated global healthcare group, today announced the expansion of its e-commerce and subscription business to Australia, New Zealand and the broader Oceania region. The business is now live across the region, and sales are already underway.

Expansion Overview

Customers across Australia, New Zealand and the broader Oceania region can now purchase Cosmos Health products directly through the Company's online stores, with the option to subscribe for recurring delivery at checkout. Sales in the region are already underway.

Together, Australia and New Zealand represent multibillion-dollar and growing markets for health and wellness products. Consumers across both countries show strong and rising interest in preventive health and nutritional supplements, high spending power and widespread adoption of online shopping, creating favorable conditions for direct-to-consumer and subscription-based models. Together with the broader Oceania region, they offer a meaningful opportunity to extend the Company's reach.

The expansion follows strong growth in the Company's U.S. direct-to-consumer business, which had 8,940 active subscriptions and 14,624 online checkout orders as of October 19, 2026.

Oceania is part of the Company's broader global ambitions. The Company intends to continue evaluating additional international markets for its direct-to-consumer subscription model as it builds a global, recurring customer base.

CEO Commentary

Greg Siokas, CEO of Cosmos Health, stated: "This is an exciting moment for Cosmos Health. In just months, our subscription model has attracted thousands of customers in the United States who choose to receive our products on a recurring basis. Today, that same model is live in Australia, New Zealand and the broader Oceania region, and sales are already underway.

"Our ambition is global. Oceania is an important next step, and we intend to keep expanding our reach, bringing our products directly to customers around the world, with the same focus on customer retention and disciplined growth."

About Cosmos Health Inc.

Cosmos Health Inc. (NASDAQ: COSM), incorporated in 2009 in Nevada, is a diversified, vertically integrated global healthcare group. The Company owns a portfolio of proprietary pharmaceutical and nutraceutical brands, including Sky Premium Life^®, Mediterranation^®, bio-bebe^®, C-Sept^® and C-Scrub^®. Through its subsidiary Cana Laboratories S.A., licensed under European Good Manufacturing Practices (GMP) and certified by the European Medicines Agency (EMA), it manufactures pharmaceuticals, food supplements, cosmetics, biocides, and medical devices within the European Union. Cosmos Health also distributes a broad line of pharmaceuticals and parapharmaceuticals, including branded generics and OTC medications, to retail pharmacies and wholesale distributors through its subsidiaries in Greece and the UK. Furthermore, the Company has established R&D partnerships targeting major health disorders such as obesity, diabetes, and cancer, enhanced by artificial intelligence drug repurposing technologies, and focuses on the R&D of novel patented nutraceuticals, specialized root extracts, proprietary complex generics, and innovative OTC products. Cosmos Health has also entered the telehealth space through the acquisition of ZipDoctor, Inc., based in Texas, USA. With a global distribution platform, the Company is currently expanding throughout Europe, Asia, and North America, and has offices and distribution centers in Thessaloniki and Athens, Greece, and in Harlow, UK. More information is available at www.cosmoshealthinc.com, www.skypremiumlife.com, www.cana.gr, www.zipdoctor.co, www.cloudscreen.gr, as well as LinkedIn and X.

Forward-Looking Statements

With the exception of the historical information contained in this news release, the matters described herein may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans," and similar expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could," generally identify forward-looking statements, although not all forward-looking statements contain these words. These statements involve risks and uncertainties that may individually or materially affect the matters discussed herein for a variety of reasons outside the Company's control, including, but not limited to: the Company's ability to raise sufficient financing to implement its business plan; the effectiveness of its digital asset strategies, including accumulation and yield-generating activities; the impact of the war in Ukraine and ongoing conflicts in the Middle East and other regions on the Company's business, operations, and the economy in general; the Company's ability to successfully develop and commercialize its proprietary products and technologies; the timing, execution, regulatory clearance, valuation, structuring, and completion of any potential asset-backed or tokenized financing program; the legal, regulatory, and technological risks associated with digital assets and blockchain-based financial structures; the conversion of contract manufacturing pipeline volumes into production and revenue, including the timing, volume and terms of orders placed under multi-year agreements; the realization of anticipated gross margins; the timing, cost and completion of planned capital investments; changes in interest rates; changes in foreign currency exchange rates, commodity or other price inflation and deflation; our ability to issue debt on terms and at rates acceptable to us; the impact and expected outcome of investigations, inquiries, claims, and litigation; the challenges of operating in international markets; the adequacy of insurance coverage; the effect of accounting charges and of adopting certain accounting standards; the impact of legal and regulatory changes, including changes to tax laws and regulations; guidance for fiscal 2026 and beyond and financial outlook. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties - many of which are beyond our control, dependent on the actions of third parties, or currently unknown to us - as well as potentially inaccurate assumptions that could cause actual results to differ materially from our historical experience and our expectations and projections. These risks and uncertainties include, but are not limited to, those described from time to time in our periodic reports filed with the SEC and available at the SEC's website (www.sec.gov). There also may be other factors that we cannot anticipate or that are not described herein, generally because we do not currently perceive them to be material. Such factors could cause results to differ materially from our expectations. Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our filings with the Securities and Exchange Commission and in our other public statements.

Investor Relations Contact:

BDG Communications
cosm@bdgcommunications.com

SOURCE: Cosmos Health Inc.

"This project reflects the continued demand for SlenderWall^® in markets where architectural quality, construction efficiency, and long-term performance matter," said Matthew Smith, Vice President of Sales and Marketing at Smith-Midland. "We're proud to contribute to a school that will serve generations of Stafford County students while strengthening our continued growth in our architectural precast business."

Highlighting the growing demand for innovative architectural precast solutions in educational construction, the project, led by Hess Construction, includes the construction of a new approximately 160,000-square-foot educational facility designed to accommodate up to 1,100 students in grades six through eight. Replacing a 75-year-old school, the new facility will address evolving educational needs, modern building standards, and increased student capacity, while providing a long-term investment in the Stafford County community.

SlenderWall^® panels for the project will feature utility-size thin brick in a one-third running bond pattern complemented by buff-colored architectural concrete, delivering a distinctive and durable exterior. The project further demonstrates Smith-Midland's ability to deliver customized architectural precast solutions for institutional construction projects while leveraging its established manufacturing capabilities to support continued business growth.

About Smith-Midland Corporation

Smith-Midland develops, manufactures, licenses, rents, and sells a broad array of precast concrete products for use primarily in the construction, transportation, and utility industries.

Smith-Midland Corporation has three manufacturing facilities in: Midland, VA, Reidsville, NC, and Columbia, SC, and a J-J Hooks^® Safety Barrier rental firm, Concrete Safety Systems. Easi-Set Worldwide, a wholly owned subsidiary of Smith-Midland Corporation, licenses the production and sale of Easi-Set products, including J-J Hooks and SlenderWall^®, and provides diversification opportunities to the precast industry worldwide. For more information, please call (540) 439-3266 or visit www.smithmidland.com.

Forward-Looking Statements

This announcement contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from those discussed in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, product demand, the impact of competitive products and pricing, capacity and supply constraints or difficulties, the uncertainties arising from the policies of the government, the risk of less government spending on infrastructure than anticipated, inflationary factors including potential recession, our material weaknesses in internal controls, cyber security risks, general business and economic conditions, our high level of accounts receivables, the effect of the Company's accounting policies and other risks detailed in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

Media Inquiries:
Sarah Crandall
scrandall@midlandadvertising.com
(540) 439-8056

Sales Inquiries:
info@smithmidland.com
(540) 439-3266

Investor Relations:
Steven Hooser or John Beisler
Three Part Advisors, LLC
shooser@threepa.com
jbeisler@threepa.com
(214) 872-2710

SOURCE: Smith-Midland

Tier 1 Capital

The Bank maintained strong capital ratios, exceeding well capitalized requirements, with Tier 1 leverage capital at 9.21%.

Key Quarterly Highlights

• Net income was $2.5 million.
• Earnings per share of $1.17.
• Paid dividend of $0.18 per share.
• Total assets increased to $1.1 billion.

From Jason J. Hyska, Sturgis Bancorp, Inc. Chief Executive Officer

"The Bank had a solid third quarter. Earnings growth and tax equivalent net interest margin are up YTD 2026, compared to 2025, while credit quality remains on solid footing. Bancorp also completed a Subordinate Debt Raise that gave the Bank additional capital as we continue market expansion. The Bank recently purchased real estate for a new branch location in Paw Paw, Michigan that will help solidify our footprint in Van Buren County. We expect this full-service office to open late 2027. The Community Banking model is very much alive and well. The Bank will continue to strategically explore geographic areas where we believe a Community Bank can thrive and put the additional capital to work for our shareholders."

Quarterly Income Statement Highlights

• Net income for the quarter (3Q26) was $2.5 million, similar to last quarter's (2Q26) $2.5 million net income and up from $2.4 million net income for the same quarter of the prior year (3Q25).
• Earnings per share were $1.17 for 3Q26, $1.16 for 2Q26, and $1.09 for 3Q25.
• Tax equivalent net interest margin decreased to 3.72% for 3Q26 from 3.77% from 2Q26, while increasing from 3.54% for 3Q25.
• Net interest income was $8.9 million during 3Q26, a 2.06% increase from 2Q26's $8.8 million and a 7.71% increase from 3Q25's $8.3 million. These increases were primarily due to interest and dividend income from taxable securities of $1.9 million in 3Q26, compared to income of $1.2 million in 3Q25, as debt securities have increased over the past year.
• The provision for credit losses was $45,000 for 3Q26, while 2Q26 and 3Q25 reported reversals to the provision of ($688,000) and ($62,000), respectively. The 2Q26 reversal was substantially related to a $40.1 million sale of residential mortgages, which reduced the overall loan portfolio as a whole.
• Noninterest income totaled $2.8 million during 3Q26, a 31.67% increase from 2Q26's $2.1 million, and a 13.75% increase from 3Q25's $2.4 million.
• Noninterest expenses totaled $8.5 million during 3Q26, a 1.16% increase from 2Q26's $8.4 million, and an 8.16% increase from 3Q26's $7.9 million.

Year-to-Date Income Statement Highlights

• Net income for the first nine months of 2026 (YTD 2026) was $7.0 million compared to $5.4 million for the first nine months of 2025 (YTD 2025).
• Earnings per share were $3.21 for YTD 2026 and $2.52 for YTD 2025.
• Tax equivalent net interest margin was 3.73% for YTD 2026 and 3.57% for YTD 2025.
• Net interest income was $26.3 million during 3Q26, a 9.40% increase from 3Q25's $24.1 million. This increase was primarily due to interest and dividend income from taxable securities of $4.4 million for YTD 2026, compared to $2.8 million in 3Q25, as debt securities have increased over the past year.
• Noninterest income totaled $7.2 million for YTD 2026, a 6.46% increase from YTD 2025's $6.8 million.
• Noninterest expenses totaled $25.4 million for YTD 2026, a 4.78% increase from YTD 2025's $24.2 million. This increase was primarily due to an increase in compensation and benefits to $15.2 million for YTD 2026, compared to $14.6 million for YTD 2025. Most of this increase is attributable to typical wage increases.

Balance Sheet Highlights

• Total assets increased to $1.1 billion at the end of 3Q26, a 4.0% increase from the end on 2Q26's $1.0 billion, and a 7.22% increase from the end of 3Q25's $999 million.
• Cash and cash equivalents decreased to $35.1 million at the end of 3Q26, compared to $65.1 at the end of 2Q26 and $46.0 million at the end of 3Q25.
• Debt securities - available-for-sale increased to $166 million at the end of 3Q26, compared to $113 million at the end of 2Q26 and $77.1 million at the end of 3Q25. This increase was primarily due to reinvesting the loan sale proceeds from the aforementioned $40.1 million sale of residential mortgages.
• Loans held for sale decreased to $373,000 at the end of 3Q26, compared to $5.3 million at the end of 2Q26 and $5.8 million at the end of 3Q25. Loan sales were suspended in 3Q26, as the net yield on these loans was favorable compared to alternative investing opportunities.
• Loans, net of allowance for credit losses increased to $772 million at the end of 3Q26, compared to $755 million at the end of 2Q26, while it decreased compared to $781 million at the end of 3Q25.
  • Increase from prior quarter due to suspension of loan sales and overall loan growth.
  • Decrease from the same quarter for the prior year due to aforementioned $40.1 million sale of residential mortgages. This sale was a strategic decision to enhance the Bank's interest rate risk profile.
• Bank-owned life insurance increased to $21.2 million at the end of 3Q26, compared to $16.1 million at the end of 2Q26 and $15.7 million at the end of 3Q25. During the quarter, the Bank purchased additional life insurance on key employees as a long-term investment to help manage the increasing costs of providing employee benefit programs.
• Total deposits as of the end of 3Q26 were $952 million, compared with $893 million at the end of 2Q26 and $894 million at the end of 3Q25.
• Borrowed funds decreased to $15.7 million at the end of 3Q26, compared to $56.6 million at the end of 2Q26 and $15.7 million at the end of 3Q25. The Bank paid off short-term borrowings with cash reserves in part from the offering of new subordinated debt during 3Q26.
• Subordinated debt was issued during 3Q26 and ended the quarter at $24.8 million. There was a balance of $15.0 million at the end of 3Q25. The prior year's debt was called in 4Q25, which is why there was no balance at the end of 2Q26. The Bank used the net proceeds from the 3Q26 issuance for general corporate purposes, including repayment of approximately $17.9 million of existing indebtedness and a downstream of capital to the Bank.

• Total equity at the end of 3Q26 was $65.6 million, compared to $66.8 million at the end of 2Q26 and $61.3 million at the end of 3Q25. Although retained earnings increased $2.1 million during 3Q26, this was offset by a $3.4 million unrealized loss in other comprehensive income, due to market value decreases in available-for-sale debt securities during the quarter.
• Book value per share was $30.13 ($25.81 tangible) at the end of 3Q26, compared to $30.73 ($26.41 tangible) at the end of 2Q26 and $28.29 ($24.15 tangible) at the end of 3Q25.

About Sturgis Bancorp, Inc.

Sturgis Bancorp, Inc. is the holding company for Sturgis Bank & Trust Company (the Bank), and its subsidiaries: Oakleaf Financial Services, Ayres/Oak Insurance, and Oak Title Services. The Bank provides a full array of trust, commercial, and consumer banking services from banking centers in: Sturgis, Bangor, Bronson, Centreville, Climax, Colon, Marshall, Niles, Portage, South Haven, St. Joseph, Three Rivers, and White Pigeon, Michigan. Oakleaf Financial Services offers a complete range of investment and financial-advisory services. Ayres/Oak Insurance offers various competitive commercial and consumer insurance products. Oak Title Services offers commercial and consumer title insurance services.

Forward-Looking Statements

This release contains statements that constitute forward-looking statements. These statements appear in several places in this release and include statements regarding intent, belief, outlook, objectives, efforts, estimates, or expectations of Sturgis Bancorp, Inc. (Bancorp), primarily with respect to future events and the future financial performance of Bancorp. Any such forward-looking statements are not guarantees of future events or performance and involve risks and uncertainties, and actual results may differ materially from those in the forward-looking statements. Factors that could cause a difference between an ultimate actual outcome and a preceding forward-looking statement include, but are not limited to, changes in interest rates and interest rate relationships; demand for products and services; the degree of competition by traditional and non-traditional competitors; changes in banking laws and regulations; changes in tax laws; changes in prices, levies, and assessments; the impact of technological advances; government and regulatory policy changes; the outcome of any pending or future litigation and contingencies; trends in consumer behavior and ability to repay loans; and changes in the world, national, and local economies. Bancorp undertakes no obligation to update, amend, or clarify forward-looking statements as a result of new information, future events, or otherwise. The numbers presented herein are unaudited.

For additional information, visit our website at www.sturgis.bank.

Sturgis Bancorp, Inc. Contacts

• Jason J. Hyska, CEO & President, or Brian P. Hoggatt, CFO - (269) 651-9345

CONSOLIDATED STATEMENTS OF INCOME
(Unaudited - Amounts in thousands, except share and per share data)

CONSOLIDATED STATEMENTS OF INCOME
(Unaudited - Amounts in thousands, except share and per share data)

CONSOLIDATED BALANCE SHEETS
(Unaudited - Amounts in thousands, except share and per share data)

SOURCE: Sturgis Bancorp, Inc.

LATROBE, PA / ACCESS Newswire / October 22, 2026 / Commercial National Financial Corporation (OTCQX:CNAF)(Company), parent Company of Commercial Bank & Trust of PA, has reported results for the quarter ended September 30, 2026. The Company earned $692,000 (or $0.24 per average share outstanding) in the third quarter 2026 compared to $446,000 (or $0.16 per average share outstanding) in the third quarter of 2025. The Company earned $1,693,000 (or $0.60 per average share outstanding) for the nine-month period ended September 30, 2026 and $1,328,000 (or $0.46 per average share outstanding) for the nine-month period ended September 30, 2025.

The Company's third-quarter earnings increased 55.2% while nine-month earnings increased 27.5%. Third quarter-end 2026 tax equivalent net interest margin improved to 4.00%. Fully insured well diversified core deposits comprised 83.50% of total deposits which favorably compares to national banking industry metrics. Federal Home Loan Bank member advances were utilized during late September in facilitating the acquisition of amortizing GNMA mortgage backed pass-through securities to capitalize on the opportunity presented by a multi-decade spike in market yields. Asset quality remained attractive. Capital adequacy and strength greatly exceeded major banking industry benchmarks. Tier one risk-based, total risk-based, leverage and common equity tier one capital ratios at September 30, 2026 were 26.67%, 26.99%, 14.87% and 26.67% respectively. Tier one capital was $57,108,000 and total risk-based capital was $57,792,000 while book capital reflected a temporary after-tax accumulated other comprehensive loss stemming from net unrealized securities available-for-sale market value depreciation. As with many other insured depository institutions nationwide, the Company's securities portfolio remains impacted by generationally elevated trade, fiscal and monetary macro policy volatility.

On August 20, 2026 the Company announced a stock repurchase program authorizing the repurchase of up to 114,680 shares of its common stock, representing 4% of the Company's currently outstanding shares. The repurchase program reauthorizes the program adopted on August 19, 2025, which lapsed after its one-year effective period following the repurchase of 28,368 shares of common stock under the program. Since August 19, 2025, the Company has repurchased 52,550 shares of its common stock through September 30, 2026, at an average price of $8.42 per share. The Company intends to conduct the repurchases on the open market, including by means of a trading plan adopted under SEC Rule 10b5-1, subject to market conditions and other factors. There is no guarantee as to the number of shares that the Company may ultimately repurchase. The Company may suspend or discontinue the program at any time.

Direct and beneficial ownership by executive officers and directors of the Company's outstanding shares totaled 504,607 shares, or 17.97% on September 30, 2026.

As disclosed each year in the Annual Report to Shareholders, on September 30, 2026, the Company employed 76 people in full-time and part-time positions. Thirty-one (31) employees are represented by the United Auto Workers, Local 1799. Of that bargaining unit total, twenty-eight (28) employees are full-time and there are three (3) part-time employees. The Company has had unionized employees since 1972. In November 2023, the agreement between the Company and the bargaining unit was negotiated and subsequently ratified by the bargaining unit with an effective date of February 15, 2024. The labor agreement will expire in February 2029. The Commonwealth of Pennsylvania and the National Labor Relations Board both afford protection to the organized status of pre-existing collective bargaining units. The Company has been advised that bargaining unit status limits the Company's strategic options relative to those of non-unionized insured depository institutions. The Company continues to consider this as a factor in its strategic and capital management decisions.

The Company operates seven community banking facilities in Hempfield Township, Latrobe, Ligonier, Unity Township and West Newton, Pennsylvania and also maintains a commercial business development sales force throughout its entire market area. The Company operates an asset management and trust division of Commercial Bank & Trust of PA headquartered in Greensburg, Pennsylvania. Commercial Bank & Trust of PA also serves its customer base from an Internet banking site (www.cnbthebankonline.com) and an automated TouchTone Teller banking system.

Safe Harbor Statement

Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "to," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. These statements are based on information currently available to the Company, and the Company assumes no obligation to update these statements as circumstances change. Investors are cautioned that all forward-looking statements involve risk and uncertainties, including changes in general economic and financial market conditions, unforeseen credit problems, and the Company's ability to execute its business plans. The actual results of future events could differ materially from those stated in any forward-looking statements herein.

Contract Information:

Wendy Piper
Commercial National Financial Corporation
724.539.3501
wpiper@cbthebank.com

COMMERCIAL NATIONAL FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(Unaudited)
(Dollars in thousands, except per share data)

COMMERCIAL NATIONAL FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(Dollars in thousands, except per share data)

SOURCE: Commercial National Financial Corp. (Pennsylvania)

INDIANAPOLIS, IN / ACCESS Newswire / October 22, 2026 / Arrive AI (NASDAQ:ARAI), a physical AI and autonomous logistics infrastructure company enabling drones, autonomous mobile robots (AMRs), autonomous vehicles (AVs) and human couriers to securely exchange goods, today announced that Nasdaq has approved the transfer of its common stock listing from The Nasdaq Global Market to The Nasdaq Capital Market, effective 10/23/2026. The Company's common stock will continue to trade under the symbol "ARAI" without interruption.

The transfer allows the Company to regain compliance with two continued listing requirements: the minimum market value of listed securities requirement; and the minimum market value of publicly held shares requirement. The Company continues to work toward regaining compliance with the minimum bid price requirement, for which it has until 11/30/2026 to demonstrate compliance and will provide updates as appropriate.

"I am excited to report that we are well on our way to regaining compliance on the Nasdaq! Our move to the Nasdaq Capital Market is appropriate for Arrive AI's current status and, importantly, does not impact our shareholders," said Dan O'Toole, Founder, Chairman and CEO of Arrive AI. "Our focus is execution: getting Arrive Points into the field, growing our partnerships and delivering for customers."

Recent momentum

Since early October, Arrive AI has announced a series of steps across its product, its collaborations, and new markets:

AP3 Plus (October 7): Arrive AI introduced the AP3 Plus, the latest version of its Arrive Point^™ secure delivery endpoint. The AP3 Plus is now available for shipping. It adds edge computing and on-board vision, so the unit can detect packages and track them through the chain of custody, with data kept on the unit and cloud options based on customer needs.

Investor Showcase (October 7): The Company recapped its September 23 Investor Showcase at its Fishers, Indiana headquarters. Attendees joined in person and online to see robots hand off packages to Arrive Points^™, visit interactive demonstration stations, and see Arrive OS and the simulation and design tools behind it.

Drone delivery (October 9): Arrive AI announced that it is working with Modovolo to develop automated package delivery, bringing together Modovolo's modular Lift drone platform and Arrive AI's intelligent delivery stations.

Defense (October 12): Arrive AI announced a new Defense Division, to be led by Chief Strategy Officer Neerav Shah, focused on military, defense and national security markets.

Golf and hospitality (October 13): Arrive AI and Rivo announced that they are integrating Arrive Points^™ into Rivo's autonomous solutions platform, beginning with a proof-of-concept program for secure autonomous delivery at golf properties.

Research (October 20): Arrive AI and Purdue University announced that they have begun discussions to explore testing Arrive Point^™ technology with a range of robot platforms on Purdue's campus.

Details on each announcement are available at investors.arriveai.com.

About Arrive AI

Arrive AI (NASDAQ:ARAI) is building the infrastructure for autonomous logistics through a network of intelligent delivery endpoints that enable secure, asynchronous exchange of goods. The company's platform supports drones, ground robotics, and human couriers, solving the "last inch of the last-mile" challenge across logistics, healthcare, and enterprise delivery.

Forward-Looking Statements

This news release and statements of Arrive AI's management in connection with this release or related events may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events and expected business and financial performance and often include words such as "expects," "anticipates," "intends," "plans," "believes," "potential," "will," "should," "could," "would," "optimistic," or "may," and similar expressions. These statements are based on information available as of the date of this release and reflect management's current views and assumptions. They are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may be beyond the company's control. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. Potential investors should review Arrive AI's Registration Statement and other filings, including risk factors, available at the U.S. Securities and Exchange Commission website at www.sec.gov. Arrive AI undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date of this release, except as required by law.

Media Contact

Tasha Jones, Marketing Communications Manager, Arrive AI, media@arriveai.com

Investor Contact

Alliance Advisors IR, ARAI.IR@allianceadvisors.com

SOURCE: Arrive AI, Inc.

Company Underscores Significant Opportunity to Grow Its Portfolio, Given Attractive M&A pipeline

AUSTIN, TX / ACCESS Newswire / October 22, 2026 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), owner of the Wattbike, Ergatta, CLMBR and FORME connected fitness brands and pending acquirer of STEPR, today shared Q3, plus October, highlights of commercial activity within its premium portfolio. This progress is often announced by partners and independent publications, or at the brand or customer level, and demonstrates how active and productive TRNR's portfolio companies have been in recent months.

Trent Ward, CEO of TRNR, stated: "Earlier this week we said that we expect to report record quarterly revenue of $8.0 million for the third quarter on November 16. The highlights we are sharing today reflect the commercial work behind that expectation, much of which is announced in the markets and across the channels where our brands operate. When consolidated, this activity is significant in both its frequency and diversity - and we wanted to communicate this directly to our shareholders. We are pleased with this commercial progress, and look forward to reporting our results in a few weeks."

Mr. Ward continued that, "Our M&A pipeline continues to grow significantly and we are consistently identifying attractive opportunities to expand on what we've built to date. We believe that the increased acquisition activity improves expected returns, as we are able to optimize for the most attractive deals, and given our larger portfolio, we are able to identify more significant synergies for any new potential acquisition."

Ergatta highlights

iFIT launched the iFIT & Ergatta Fall Cup, a three-stage virtual racing competition for iFIT Pro members on connected NordicTrack and ProForm treadmills, bikes and rowers (announced September 24, 2026; first stage began October 12, 2026). The Fall Cup runs in weekly stages from October 12 to November 2, 2026, with a make-up week to November 9, and results are segmented by gender, age group and modality. It follows the first iFIT & Ergatta Spring Cup, which iFIT said brought thousands of members into a month of virtual racing across treadmill, bike and rower. Ergatta licenses its games to iFIT under a content partnership that TRNR announced in June 2026 had been extended to mid-2028. The competition was announced by iFIT.

Fortune named the Ergatta Luxe its best water-powered rowing machine in its 2026 rowing machine guide (published July 8, 2026, updated September 8, 2026).

Ergatta released a rower software update standardizing in-game metrics across all experiences, adding mid-workout sound control without loss of Rankings eligibility, and redesigning the pause screen (August 27, 2026).

Ergatta added six new scenic rows filmed in the Canadian Rockies and five new coached classes to its member library(September 15, 2026).

Ergatta released two new Push Programs, Endeavor: Proving Grounds and Classes: Cadence Control (October 14, 2026). Proving Grounds is a 10-battle, 21-day path through Endeavor, Ergatta's newest game, that takes members from beginner encounters to intermediate opponents. Cadence Control is an eight-class, 10-day program in which Ergatta instructors teach members to control their stroke rate. Both programs are available on Ergatta rowers.

Wattbike highlights

Third Space refreshed its City cycling studio with ten Wattbike Air-Pro bikes and one AtomX (September 2, 2026). Third Space is a premium London operator and an existing Wattbike customer. The installation was announced by Wattbike, with comments from Third Space's fitness director and master trainer and from Wattbike CEO Stephen Loftus.

Nuffield Health expanded its Wattbike partnership with nine Air-Pro bikes across two Glasgow clubs (August 3, 2026). Five bikes were installed at Nuffield Health Glasgow Central and four at Glasgow Giffnock, each offering Wattbike's six-minute Healthspan Check. Wattbike described the order as an expansion of an existing relationship.

Stanford Hall, the UK's Defence Medical Rehabilitation Centre, installed ten Wattbike Air-Pro bikes across three gyms(case study published October 1, 2026). The bikes are used for off-feet conditioning in the rehabilitation of injured service personnel and for general conditioning. The installation, made in 2026, was described in a case study published by Wattbike.

Pure Padel installed four Wattbikes in a dedicated warm-up zone at its Nottingham club (September 21, 2026). The bikes give players a low-impact way to warm up before play. Wattbike said further bikes are set to be rolled out across Pure Padel sites nationwide. The installation was described in a case study published by Wattbike.

EGYM integrated Wattbike VO2 Max testing into its member platform (July 21, 2026). Wattbike bikes now feed VO2 Max, calorie and distance data into EGYM's ecosystem, where they contribute to a member's Cardio BioAge score. The integration was announced jointly by EGYM and Wattbike and covered by Athletech News, Health Club Management and Leisure Opportunities.

Sportive Breaks named Wattbike its Official Indoor Training Partner (August 19, 2026). The cycling travel operator will offer its customers Wattbike training content and product benefits ahead of events including the 2027 Etape du Tour and Mallorca 312. The partnership was announced by Sportive Breaks.

Wattbike added a Wattbike Coaches section to its Wattbike Hub app for coaches in elite sport (October 8, 2026). The section keeps all of a coach's athlete data in one place and lets coaches review each athlete's past sessions and compare metrics such as peak power, sprint fatigue and rate of force development. Wattbike described the feature in a post following its attendance at SEMS 2026, a conference for clinicians, researchers and practitioners in sport and exercise medicine, in which it also noted that its bikes are used by all 20 Premier League clubs.

Cycling Weekly named the Wattbike Atom its best indoor smart bike overall and the Wattbike Proton its best for multiple users (group test updated September 1, 2026); in a separate guide, it named the Wattbike Air its best air resistance exercise bike (updated September 29, 2026).

Men's Fitness named the Wattbike Air-Pro best for performance conditioning and the Wattbike Atom its best indoor bike for experienced riders (best exercise bikes guide updated September 30, 2026).

Everlast Gyms cited Wattbike performance data in a Ride High Magazine feature on Hyrox training (September 9, 2026), and now has Wattbike in ten of its gyms with plans to expand (October 1, 2026). Everlast's Dan Summerson described Wattbike as the source of the objective VO2 max and peak power data the operator uses to target training at its Hyrox Performance Centre, which opened with Wattbike equipment in October 2025. In a Wattbike case study published October 1, 2026, Everlast said the Wattbike Healthspan Check anchors Move, its program for new members' first 30 to 90 days. Head of Fitness Martin Oakey said: "I wanted a great piece of kit which can tell me VO₂ max and peak power metrics and then deliver those metrics back to me in an easy-to-understand way."

The University of Nottingham's David Ross Sports Village said Wattbike helps it sell memberships (case study published September 21, 2026). The university has used Wattbike since the facility opened in 2016 and expanded its fleet in a 2024 refurbishment. "We have sold memberships due to having Wattbikes," said James Nee, Assistant Health and Fitness Manager. The case study was published by Wattbike.

TRNR intends to provide summaries of this kind periodically between quarterly reports, drawing on activity announced by its brands, their customers and partners, and independent publications. TRNR will report its third quarter 2026 financial results before the market opens on November 16, 2026.

For more commentary, information and details of TRNR's strategy, as well as to sign up for direct updates, see the Company's investor website, latest FAQs and required filings with the US Securities & Exchange Commission (SEC).

TRNR Investor Contact:

ir@interactivestrength.com

About Interactive Strength Inc.:

Interactive Strength Inc. (Nasdaq:TRNR) is an operationally focused acquirer that has established a leading portfolio of premium fitness brands - Wattbike, Ergatta, CLMBR and FORME - that combine advanced hardware, smart technology, and immersive content to deliver exceptional training experiences for both commercial and home use.

Wattbike offers a range of high-performance indoor bikes that set the global standard in cycling. Known for unmatched accuracy, realistic ride feel, and advanced performance tracking, Wattbike is trusted by elite athletes, national teams, and fitness enthusiasts around the world.

Ergatta is a connected fitness company recognized as a pioneer in game-based rowing. Its connected rowing equipment combines competitive, game-based workouts with a premium hardware experience, generating industry-leading engagement and retention metrics.

CLMBR redefines the next-generation vertical climbing experience through its patented open-frame design and immersive touchscreen, delivering a high-intensity, low-impact workout that's both efficient and effective.

FORME delivers strength, mobility, and recovery training through immersive content, performance-grade hardware, and expert coaching. Its wall-mounted systems include the Studio, a smart fitness mirror for guided programming and live 1:1 personal training, and the Lift, which adds smart resistance cable training - ideal for high-performance environments and sport-specific development.

From elite performance to everyday wellness, the Company's ecosystem of performance-focused solutions delivers data-driven outcomes for athletes, fitness enthusiasts, and commercial operators.

Channels for Disclosure of Information

In compliance with disclosure obligations under Regulation FD, we announce material information to the public through a variety of means, including filings with the Securities and Exchange Commission ("SEC"), press releases, company blog posts, public conference calls, and webcasts, as well as via our investor relations website. Any updates to the list of disclosure channels through which we may announce information will be posted on the investor relations page on our website. The inclusion of our website address or the address of any third-party sites in this press release are intended as inactive textual references only.

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 Company's expectation, announced on October 20, 2026, that it will report record third quarter 2026 revenue of $8.0 million, which this press release does not update, and the timing of the Company's third quarter 2026 results; the expected benefits of the commercial partnerships, integrations, installations and product releases described above, including the planned rollout of Wattbikes to additional Pure Padel and Everlast Gyms sites; the Company's intention to provide periodic summaries of portfolio activity; the expected integration and performance of the Company's portfolio brands, including Wattbike, Ergatta, CLMBR and FORME; the expected closing of the acquisition of STEPR, Inc. and the timing of that closing; and the Company's previously issued 2026 outlook, which this press release does not update. These forward-looking statements reflect management's current views and are based on certain assumptions that may prove to be inaccurate. 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: the possibility that final third quarter 2026 financial results may differ materially from the Company's stated expectations; 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; our ability to successfully integrate acquired businesses and realize anticipated synergies; the financial performance of recently acquired businesses, including Ergatta and Wattbike, which may differ materially from expectations; the possibility that the acquisition of STEPR is not completed, is delayed, or does not perform as expected; our ability to satisfy the closing conditions of the STEPR transaction, including the preparation of required audited financial statements; substantial doubt regarding our ability to continue as a going concern as disclosed in our periodic reports; the material weaknesses in our internal control over financial reporting as disclosed in our periodic reports; our substantial indebtedness and the amounts scheduled to mature within the next twelve months; our ability to maintain compliance with the continued listing requirements of The Nasdaq Stock Market LLC, including the proposed market value of listed securities requirement and the outcome and timing of the SEC's review of that requirement; potential dilution to existing stockholders from the conversion or exchange of outstanding convertible securities; and our reliance on a limited number of suppliers and distributors. 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.

SOURCE: Interactive Strength Inc.

HOUSTON, TX / ACCESS Newswire / October 22, 2026 / VSee Health, Inc. (Nasdaq:VSEE) ("VSee" or the "Company"), a leading provider of telehealth and digital health solutions, today issued the following letter from Chairman and Chief Executive Officer Dr. Imoigele Aisiku providing shareholders with an update on the Company's strategic transformation and outlook.

Dear Shareholders,

The past six months have been transformative for VSee Health. While we are all disappointed with the NASDAQ delisting , we took this opportunity to concentrate our efforts around the growth of iDoc, our hospital-focused telehealth business. That sharper focus lets our team devote its time and resources to expanding hospital relationships, activating services and building a more efficient operating company. There are some significant opportunities M&A activities that align with the company's platform and services

The progress is tangible. We previously reported our growth into 58 hospitals. We are in te initial stages Revenue from continuing operations grew in the first half of 2026 compared with the same period last year. These relationships give us a much larger base from which to build as services are deployed and utilization grows.

Our 2027 plan targets approximately double our annual revenue and a clear path to profitability. We expect margins to improve as more contracted services become active, utilization increases, delivery costs are managed and a larger revenue base, Improvement in operational efficiencies will only further drive the goal of increasing shareholder growth over the next 12 months.

We are also working to move VSee Health to the OTCQB market, an important step in improving our public market profile as we execute the operating plan. Beyond that, we intend to position the company to seek reinstatement on NASDQ or NYSE when we meet the applicable listing requirements and the board determines the timing is right. At the same time, management is actively evaluating all available avenues to maximize shareholder value, including M&A opportunities,, strategic partnerships, financing alternatives and other corporate transactions. We will assess each opportunity on its ability to support iDoc's growth and deliver value to shareholders.

Thank you for your continued support. We look forward to updating you as our team converts this opportunity into measurable results.

Sincerely,

Imo Aisiku
Chairman and Chief Executive Officer
VSee Health, Inc.

About VSee Health, Inc.
VSee Health (NASDAQ:VSEE) is a telehealth technology and services company delivering high-acuity virtual care solutions through its scalable, API-driven platform. The Company's offerings integrate secure video, device data, and EHR connectivity to power hospital systems, health networks, and employers across the United States.

For more information, please visit our website: https://www.idocvms.com

Forward-Looking Statements
This press release contains certain statements that may be deemed to be forward-looking statements within the meaning of the federal securities laws, including the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential," or similar words or the negative of these terms or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the control of VSee Health, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. More detailed information about VSee Health and the risk factors that may affect the realization of forward-looking statements is set forth in the filings with the Securities and Exchange Commission ("SEC"), including the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at www.sec.gov.

All forward-looking statements speak only as of the date on which they are made. VSee Health undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement was made, except to the extent required by applicable securities laws.

Investors Contact:
Justin Smith
jsmith@idocvms.com

SOURCE: VSee Health

As state clean fuel programs expand, XCF estimates a potential $21 million in annual market-based clean fuel credit value based on prevailing credit pricing and assuming production at the up to 38-million-gallon annual nameplate capacity of its flagship Reno production asset.

Key Financial & Operational Catalysts:

• $21 million Potential Annual Revenue Catalyst: XCF estimates $21 million in annual clean fuel credit value based on current market pricing and assuming production from its permitted 38-million-gallon/year flagship facility, New Rise Renewables Reno.
• Expanding Multi-State Market Tailwinds: Active programs in California, Oregon, Washington, New Mexico, and Hawaii are driving demand for qualifying lower-carbon fuels, while 6 additional industrial states including Illinois, Massachusetts, Michigan, New Jersey, New York, and Vermont, are seeking to advance legislation to enforce clean fuel standard requirements.
• Directly Stackable Cash-Flow Multiplier: State-level LCFS credits stack directly on top of federal incentives for qualifying lower-carbon fuels, creating a compounded revenue stream on every gallon produced. Scalable Commercial Expansion Pipeline: Beyond Reno, XCF is advancing commercial expansion assets across Nevada, North Carolina, and Florida to scale production capacity and meet surging structural demand.
• A Meaningful Cash Flow Opportunity: Clean fuel standards establish a mandatory market framework where non-compliant fossil fuel suppliers must buy credits directly from low-carbon producers like XCF. Because state credits are earned in addition to federal renewable volume incentives, accelerating state adoption creates a compounding revenue engine that substantially increases net realized price per gallon.

"As we scale production at New Rise Renewables Reno, state clean fuel programs represent a meaningful potential cash flow opportunity from qualifying renewable fuel production," said Chris Cooper, Chief Executive Officer of XCF Global. "Our focus remains on disciplined operational execution while positioning XCF to capture the commercial opportunities available across federal and state renewable fuel markets."

XCF's flagship asset, New Rise Renewables Reno, provides immediate industrial scale with an up to 38-million-gallon-per-year permitted nameplate capacity. Following its recent combinations with DevvStream Corp. and Southern Energy Renewables, XCF has expanded its platform across renewable fuels, carbon management and environmental assets. The Company is also seeking to advance a pipeline of potential expansion projects across Nevada, North Carolina and Florida that it believes could support increased renewable fuel production and serve the aviation and commercial transportation sectors.

About XCF Global, Inc.

XCF Global, Inc. ("XCF") is a U.S.-based renewable energy company focused on accelerating the production and deployment of lower-carbon fuels and environmental solutions. Following its recent combinations with DevvStream Corp. and Southern Energy Renewables, XCF is building a broader platform spanning renewable fuels, carbon management and environmental assets. The Company's flagship facility, New Rise Renewables Reno, produces renewable diesel and has a permitted nameplate production capacity of up to 38 million gallons per year. XCF is also seeking to advance a pipeline of potential expansion opportunities in Nevada, North Carolina and Florida and build relationships across the energy and transportation sectors that it believes could support the scaling of renewable fuel production. Any such opportunities remain subject to, among other factors, feasibility assessments, financing, regulatory approvals and market conditions. XCF is listed on the Nasdaq Capital Market and trades under the symbol SAFX.

Contacts

XCF Global: Corporate Communications
media@xcf.global

Cautionary Note Regarding Forward-Looking Statements

This Press Release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend", "will", "estimate", "anticipate", "believe", "predict", "potential" or "continue", or the negatives of these terms or variations of them or similar terminology. These forward-looking statements, including, without limitation, statements regarding XCF Global's expectations with respect to future performance and anticipated financial impacts of the recently completed business combination with Focus Impact BH3 Acquisition Company (the "Business Combination"), estimates and forecasts of other financial and performance metrics, and projections of market opportunity and market share, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by XCF Global and its management, are inherently uncertain and subject to material change. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) changes in domestic and foreign business, market, financial, political, and legal conditions; (2) unexpected increases in XCF Global's expenses, including manufacturing and operating expenses and interest expenses, as a result of potential inflationary pressures, changes in interest rates and other factors; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any agreements with regard to XCF Global's offtake arrangements; (4) the outcome of any legal proceedings that may be instituted against the parties to the Business Combination or others; (5) XCF Global's ability to regain compliance with Nasdaq's continued listing standards and thereafter continue to meet Nasdaq's continued listing standards; (6) XCF Global's ability to integrate the operations of New Rise and implement its business plan on its anticipated timeline; (7) XCF Global's ability to raise financing to fund its operations and business plan and the terms of any such financing; (8) the New Rise Reno production facility's ability to produce the anticipated quantities of SAF without interruption or material changes to the SAF production process; (9) the New Rise Reno production facility's ability to continue producing renewable diesel in commercial quantities without interruption as the Company advances its planned transition toward SAF production; (10) XCF Global's ability to resolve current disputes between its New Rise subsidiary and its landlord with respect to the ground lease for the New Rise Reno facility; (11) XCF Global's ability to resolve current disputes between its New Rise subsidiary and its primary lender with respect to loans outstanding that were used in the development of the New Rise Reno facility; (12) payment of fees, expenses and other costs related to the completion of the Business Combination and the New Rise acquisitions; (13) the risk of disruption to the current plans and operations of XCF Global as a result of the consummation of the Business Combination; (14) XCF Global's ability to recognize the anticipated benefits of the Business Combination and the New Rise acquisitions, which may be affected by, among other things, competition, the ability of XCF Global to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (15) changes in applicable laws or regulations; (16) risks related to extensive regulation, compliance obligations and rigorous enforcement by federal, state, and non-U.S. governmental authorities; (17) the possibility that XCF Global may be adversely affected by other economic, business, and/or competitive factors; (18) the availability of tax credits and other federal, state or local government support; (19) risks relating to XCF Global's and New Rise's key intellectual property rights, including the possible infringement of their intellectual property rights by third parties; (20) the risk that XCF Global's reporting and compliance obligations as a publicly-traded company divert management resources from business operations; (21) LOIs and MOUs may not advance to definitive agreements or commercial deployment; (22) the effects of increased costs associated with operating as a public company; and (23) various factors beyond management's control, including general economic conditions and other risks, uncertainties and factors set forth in XCF Global's filings with the Securities and Exchange Commission ("SEC"), including its most recent Form 10-K, filed with the SEC on March 31, 2026, this Press Release and other filings XCF Global made or will make with the SEC in the future. If any of the risks actually occur, either alone or in combination with other events or circumstances, or XCF Global's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that XCF Global does not presently know or that it currently believes are not material that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect XCF Global's expectations, plans or forecasts of future events and views as of the date of this Press Release. These forward-looking statements should not be relied upon as representing XCF Global's assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. While XCF Global may elect to update these forward-looking statements at some point in the future, XCF Global specifically disclaims any obligation to do so.

SOURCE: XCF Global, Inc.

VANCOUVER, BC / ACCESS Newswire / October 22, 2026 / Future Fuels Inc. (TSXV:FTUR)(OTCQX:FTURF)(FWB:S0J) ("Future Fuels" or the "Company") is pleased to announce the closing of its previously announced "best efforts" private placement (the "Offering") for aggregate gross proceeds of C$6,569,426 from the sale of (i) 6,342,750 units of the Company (each, a "Unit") at a price of C$0.32 per Unit (the "Unit Price") and (ii) 11,946,700 flow-through units of the Company (each, a "FT Unit") at a price of C$0.38 per FT Unit. Red Cloud Securities Inc. ("Red Cloud") acted as sole agent and bookrunner in connection with the Offering.

Each Unit consists of one common share of the Company and one common share purchase warrant (each, a "Unit Warrant"). Each FT Unit consists of one common share of the Company issued as a "flow-through share" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a "FT Share") and one-half of one common share purchase warrant (each whole warrant, a "FT Unit Warrant"). Each Unit Warrant and FT Unit Warrant entitles the holder to purchase one common share of the Company at a price of C$0.45 at any time on or before October 22, 2029. The Unit Warrants shall not be exercisable until the date which is 61 days from the date of their issuance, being December 22, 2026.

The Company intends to use the net proceeds from the sale of the Units for the exploration of the Company's Hornby Basin Project as well as for working capital and general corporate purposes, as is more fully described in the Offering Document (as herein defined).

The gross proceeds from the sale of the FT Shares will be used by the Company to incur eligible "Canadian exploration expenses" that qualify as "flow-through critical mineral mining expenditures" as both terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's projects on or before December 31, 2027. All Qualifying Expenditures will be renounced in favour of the subscribers of the FT Units effective December 31, 2026.

In accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units were sold to purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The securities issuable from the sale of the Units to purchasers under the Listed Issuer Financing Exemption are not subject to resale restrictions in accordance with applicable Canadian securities legislation. All securities not issued pursuant to the Listed Issuer Financing Exemption, which includes the FT Shares, the FT Unit Warrants, any common shares issuable upon exercise of FT Unit Warrants, the Broker Warrants, and any Broker Warrant Shares (each as defined herein) issued upon exercise of Broker Warrants, are subject to a hold period in Canada, in accordance with applicable Canadian securities legislation, expiring four months and one day following the issue date, being February 23, 2027.

There is an offering document (the "Offering Document") related to the offering of Units under the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at: www.futurefuelsinc.com.

As consideration for their services, Red Cloud received aggregate cash fees of C$423,858.12 and 1,169,127 non-transferable common share purchase warrants (the "Broker Warrants"). Each Broker Warrant is exercisable into one common share of the Company (each, a "Broker Warrant Share") at the Unit Price at any time on or before October 22, 2029.

The Offering is subject to the final approval of the TSX Venture Exchange.

The securities to be offered pursuant to the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Future Fuels Inc.

Future Fuels' principal asset is the Hornby Project, covering the entire 3,407 km² Hornby Basin in north-western Nunavut, a geologically promising area with over 40 underexplored uranium showings, including the historic Mountain Lake System. Additionally, Future Fuels holds the Covette Project in Quebec's James Bay region, comprising 65 mineral claims over 3,370 hectares.

On Behalf of the Board of Directors

~Rob Leckie~

Rob Leckie
CEO and Director
Future Fuels Inc.
info@futurefuelsinc.com

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this news release are forward-looking statements that involve risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements regarding the Company's exploration and development plans with respect to its projects, the Company's anticipated business and operational activities, and statements regarding the Offering including, without limitation, the receipt of the final approval of the Offering from the TSX Venture Exchange, the intended use of proceeds of the Offering and the tax treatment of the FT Shares that were issued in connection with the sale of FT Units. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, the inherently unpredictable nature of resource exploration, market conditions and the risks detailed from time to time in the filings made by the Company with securities regulators. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect, and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward- looking statements as expressly required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Future Fuels Inc.