EX-99.1 2 tomz_ex991.htm PRESS RELEASE EXHIBIT 99.1 FOR IMMEDIATE RELEASE · Sales, net was $5,636,000 compared to $7,739,000 for the years ended December 31, 2025 and 2024, respectively. This was primarily driven by customers deferring capital expenditure projects due to the uncertain economic environment with the impact of tariffs and the Middle East crisis. This impact is expected to be temporary, and the customers' operations and related service activity are expected to resume on a normal schedule. · Ser ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): March 31, 2026 T STAMP INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) Registrant's telephone number, including area code: (404) 806-9906 Not Applicable (Former name or former address, if changed since last report) Check the appropriate ...

Company Operations - As of January 31, 2026, Kroger operates 2,697 supermarkets, with 2,250 having pharmacies and 1,731 having fuel centers[22]. - Kroger serves approximately 63 million households annually, with over 95% of customer transactions linked to a loyalty card[29]. - Kroger owns 33 food production plants, which support its private label product strategy[32]. - Kroger operates approximately 2,700 owned or leased facilities, with total owned assets and finance leases valued at $60.0 billion and accumulated depreciation of $35.8 billion as of January 31, 2026[96]. - The company operates 1,731 fuel centers, which may face increased regulation and demand fluctuations due to environmental concerns[79]. Financial Performance - Sales for the quarter reached $147,642 million, a 0.4% increase from $147,123 million in the previous year[125]. - Adjusted net earnings attributable to The Kroger Co. per diluted common share were $4.85, representing an 8.5% increase compared to the previous year[125]. - Operating profit was reported at $1,890 million, a decrease of 50.9% from $3,849 million in the previous year, impacted by $2.5 billion in fulfillment network impairment charges[125]. - Cash flows from operations totaled $7,300 million, reflecting a 26% increase compared to the previous year[131]. - Total sales to retail customers without fuel reached $132.712 billion in 2025, marking a 1.3% increase from $130.973 billion in 2024[152]. - The company incurred $1.5 billion in opioid settlement charges in 2023, impacting overall financial performance[149]. - Net earnings per diluted share for 2025 were $1.54, a 58% decrease from $3.67 in 2024, while adjusted net earnings per diluted share increased by 9% to $4.85[180]. Investments and Growth Strategy - Kroger invested approximately $183 million in associate training in 2025, focusing on onboarding and leadership development[36]. - The company plans to significantly increase investment in major store projects, including new stores, to accelerate sales growth and improve market share[52]. - The company plans to invest in major storing projects to enhance both in-store and eCommerce sales[121]. - Capital investments totaled $3.9 billion in 2025, reflecting increased spending on major store projects and technology developments[210]. eCommerce and Digital Strategy - Kroger's eCommerce solutions include Pickup and Delivery services available at 2,408 supermarkets, enhancing customer convenience[25]. - eCommerce sales grew by 16% compared to the previous year, with a 17% increase when excluding certain fulfillment center exits[131]. - The company is enhancing its digital strategy under the leadership of Yael Cosset, focusing on e-commerce and personalization[48]. - The company's omnichannel retail business strategy focuses on Fresh, Our Brands, Personalization, and eCommerce to enhance customer experience and drive sales growth[117]. Customer Engagement and Loyalty - In 2025, Kroger's private label products, branded as Our Brands, generated over $39 billion in sales[31]. - The company is focusing on enhancing customer connection through investments in Fresh, Our Brands, Personalization, and eCommerce to generate customer loyalty and sustainable growth momentum[52]. - Growth in loyal households, customer traffic, and digitally engaged customers is essential for profit growth and powering the company's business model[53]. Risks and Challenges - The competitive environment includes intense competition from various retail formats, including online retailers and grocery delivery services, which could adversely affect sales and profitability if customer preferences are not accurately anticipated[52]. - The company may face challenges in implementing its alternative profit strategy, which could adversely affect business growth and financial condition[53]. - The company has a risk factor related to the evolving competitive landscape, which could impact financial condition and results of operations if not managed effectively[51]. - The company faces increased competition due to evolving customer preferences and advancements in online and mobile channels, which may adversely affect its financial condition if fulfillment costs are not managed effectively[54]. - Product safety concerns could lead to customer avoidance of certain products, resulting in reputational damage and financial losses due to potential liability claims or product recalls[57]. - The company relies on complex information technology systems, and any disruptions could lead to significant operational losses[61]. - Rapid developments in AI and related technologies may increase competitive and security risks, necessitating increased investments in new capabilities and compliance measures[62][63]. Corporate Governance and Leadership - The company has appointed Gregory S. Foran as Chief Executive Officer effective February 2026, bringing extensive experience from Air New Zealand and Walmart[48]. - The company emphasizes the importance of adapting to changing customer needs and preferences to maintain competitiveness in the market[52]. - The company has implemented a comprehensive Third-Party Cyber Risk Management program to assess and mitigate cybersecurity risks associated with third-party relationships[89]. - Kroger's cybersecurity governance is overseen by the Audit Committee, which receives quarterly updates on risks and mitigation actions from the Chief Data Officer and Chief Information Security Officer[95]. Shareholder Returns - Kroger's value creation model aims for a total shareholder return within the target range of 8% to 11% over time[120]. - The Board of Directors approved a $2.0 billion share repurchase program to reacquire shares through various methods[217]. - Kroger's quarterly cash dividends were $0.32 per share and $0.35 per share in 2025, with an expectation to continue increasing dividends over time[102].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2025 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _____________ Commission file number: 001-41252 T Stamp Inc. (D/B/A Trust Stamp) (Exact name of registrant as specified in its charter) | Del ...

Financial Performance - Connect Biopharma reported a net loss of $15.1 million, or ($0.27) per share, for the three months ended December 31, 2025, compared to a net loss of $8.9 million, or ($0.16) per share, for the same period in 2024[6]. - For the twelve months ended December 31, 2025, the net loss was $55.5 million, or ($1.00) per share, compared to a net loss of $15.6 million, or ($0.28) per share, for the same period in 2024[6]. - License and collaboration revenues for the twelve months ended December 31, 2025, were $64,000, a significant decrease from $26.0 million in 2024[6]. Cash and Financing - Cash, cash equivalents, and short-term investments were $44.3 million as of December 31, 2025, expected to fund operations into the second half of 2027[6]. - The company entered into a securities purchase agreement for $20.2 million equity financing, extending its cash runway into the second half of 2027[1]. Research and Development - Research and development expenses increased to $37.8 million for the twelve months ended December 31, 2025, compared to $29.3 million in 2024, primarily due to rademikibart-related development costs[6]. - Positive topline data from the Phase 1 study of IV rademikibart showed rapid improvement in forced expiratory volume (FEV) in asthma and COPD patients, with mean FEV improvements of ~200 - 400 mL maintained through Day 29[3]. - Rademikibart achieved rapid, durable efficacy results in a Phase 3 study for moderate-to-severe atopic dermatitis, with near-maximal responses in ~90% of patients[5]. - The company is currently recruiting participants for Phase 2 Seabreeze STAT studies for acute exacerbations in asthma and COPD, with topline data expected mid-2026[1]. Partnerships and Milestones - Connect Biopharma is eligible to receive remaining milestone payments up to approximately $110 million under its license agreement with Simcere for rademikibart in Greater China[8]. Investor Relations - Investor Relations contact is Alex Lobo, reachable at (212) 698-8802[18]. - Media inquiries can be directed to Ignacio Guerrero-Ros, Ph.D., or David Schull at Russo Partners, LLC[18].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ___________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED JANUARY 31, 2026 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-33866 ___________________________________________ TITAN MACHINERY INC. (Exact name of registrant as specified in its charter) (State or Othe ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITI ...

Financial Performance - Revenues for the twelve months ended December 31, 2025, were $5.7 million, a decrease of 13% from $6.6 million in 2024 due to reduced demand for emergency preparedness services [8] - Gross profit for the same period was $2.1 million, down from $2.6 million in 2024, reflecting a decline in revenue [8] - Loss from operations for 2025 was $7.0 million, compared to a loss of $2.3 million in 2024, indicating increased operational challenges [8] - The company reported a net loss of $7,966,366 for 2025, compared to a net loss of $2,293,648 in 2024 [13] Expenses - SG&A expenses increased to $8.6 million in 2025 from $4.8 million in 2024, primarily due to higher professional fees related to the company's IPO [8] - The company incurred $1,559,756 in stock-based compensation in 2025, with no such expenses reported in 2024 [13] - The provision for credit losses was $230,190 in 2025, compared to a recovery of $(131,000) in 2024 [13] - The company reported an impairment loss on property and equipment of $542,088 in 2025, with no such losses in 2024 [13] Cash Flow - Cash and cash equivalents as of December 31, 2025, were $2.1 million, slightly up from $2.1 million in 2024 [8] - Net cash used in operating activities was $(4,546,724) in 2025, a significant decrease from $540,353 in 2024 [13] - Cash flows used in investing activities totaled $(616,896) in 2025, compared to $(46,167) in 2024 [13] - The company generated net cash provided by financing activities of $5,196,433 in 2025, contrasting with $(3,551,861) in 2024 [13] - Cash and cash equivalents at the end of the period increased to $2,130,758 in 2025 from $2,097,945 in 2024 [13] Business Developments - The company signed a significant agreement with Attune Biotech Inc. to oversee manufacturing and quality assurance for a multi-asset therapeutic pipeline [3] - A joint venture was established with Revival Health to enhance logistics and data infrastructure for U.S.-based manufacturing [3] - The company launched Callan JMB Services (India) Private Limited, with plans for a temperature-controlled warehouse in Pune for pharmaceutical distribution [3] - An emergency preparedness contract with the City of Chicago was extended through June 2026, increasing total contract value to $9.1 million [3] - The proprietary Sentry Monitoring System was upgraded to HTML5, allowing remote monitoring of temperature-sensitive pharmaceutical storage [4] IPO and Financing - The company recognized $4,543,989 in proceeds from IPO and overallotment in 2025, with no such proceeds in 2024 [13] - The fair value of stock warrants issued at IPO was $144,358 in 2025, with no such issuance in 2024 [13]

Financing Activities - The Company completed a private placement on November 5, 2025, raising a total of $219.1 million, with $145.4 million paid in cash and $73.7 million in AVAX tokens [25][28]. - The Subscription Agreements included an estimated aggregate amount of $292.4 million based on an indicative value of $33.82 per AVAX token [25]. - On March 21, 2025, investors purchased an additional tranche of $1,320,000 in convertible debentures, resulting in gross proceeds of $1,188,000 and 47,906 warrants with an exercise price of $17.91 [42]. - On April 22, 2025, an investor purchased a promissory note of $290,000 with a one-time interest charge of 12% amounting to $34,800 [43]. - On July 21, 2025, investors purchased $833,334 in convertible debentures for gross proceeds of $750,000, receiving 80,354 warrants with an adjusted exercise price of $6.741 [45]. - On September 25, 2025, investors purchased $550,000 in convertible debentures for gross proceeds of $495,000, receiving 148,340 warrants with an exercise price of $2.41 [47]. - On October 24, 2025, investors purchased $7,700,000 in convertible debentures for gross proceeds of $6,930,000, receiving 2,076,763 warrants with an exercise price of $2.41 [48]. - On November 5, 2025, the company raised approximately $219,100,000 from the sale of 86,690,657 common shares and pre-funded warrants, with the common shares priced at $2.36 each [49]. - The Company incurred approximately $290,000 in transaction-related costs for the issuance of convertible debentures and warrants in January 2025 [160]. - Net cash provided by financing activities was $151,711,941 in 2025, an increase of $148,102,255, primarily from proceeds of the Offering and debentures [214]. Digital Asset Strategy - The Company announced a digital asset treasury reserve strategy, using AVAX tokens as its primary treasury reserve asset [29][41]. - The Company is in the process of liquidating its Manna business while focusing on its digital asset strategy [23]. - The Company has engaged an asset manager, Hivemind, to manage its cryptocurrency holdings, focusing on maintaining a majority in one to five decentralized finance digital assets, including AVAX [109]. - The lack of comprehensive regulation in cryptocurrency trading platforms increases the risk of fraud and market manipulation, which could adversely affect the value of the company's cryptocurrency holdings [110]. - The operational integrity of digital asset trading platforms is a critical risk factor, as many lack robust security measures, increasing vulnerability to hacks and fraud [113]. - The Company has sustained cumulative net losses of $93,977,325 from inception through December 31, 2025, with a net loss from continuing operations of $31,994,535 for the fiscal year ended December 31, 2025 [93]. - The Company reported a total of 12,409,212 AVAX tokens valued at $152,509,109 as of December 31, 2025 [189]. - The unrealized loss on market valuation increased significantly due to the decline in market value of AVAX tokens [204]. Bitcoin Mining Operations - The Company has entered the sustainable Bitcoin Mining industry, operating facilities in Alberta, Canada, and Ohio, with a focus on generating immediate cash flow [24][41]. - The Company has completed two acquisitions in the Bitcoin Mining sector since late November 2024, enhancing its operational capabilities [24]. - The company operates three Bitcoin mining facilities and produced Bitcoins at a weighted average cost of approximately $50,300, with the price of one Bitcoin at $87,508.83 as of December 31, 2025 [68][69]. - The average cost of Bitcoin mined is approximately $50,300, with an average operating cost of $2,333.36 per day, mining 1 BTC every 21 days [86]. - The Company plans to upgrade its miners in Ohio, expecting a 20% efficiency gain, resulting in a hash rate of approximately 370 PH/s and mining 1 BTC every 6-7 days for the remainder of 2026 [87]. - Bitcoin Mining revenue surged to $1,732,675 in 2025, up 6,421% from $26,572 in 2024 [193]. - Energy costs are a significant driver for Bitcoin Mining operations, managed through a power purchase agreement to secure favorable pricing [190]. Financial Performance - Total revenue for the year ended December 31, 2025, was $2,340,811, a significant increase from $26,572 in 2024, representing a growth of 8,800% [193]. - Operating expenses rose to $24,005,821 in 2025, an increase of 137% from $10,123,535 in 2024 [199]. - The impairment of assets increased by $1,425,956, or 34%, primarily due to the impairment of Manna IP and certain Bitcoin Mining equipment [200]. - Share-based compensation increased by $1,133,066, or 293%, due to common shares issued to executives and consultants [201]. - Net loss for the year was $33,195,206, compared to a net loss of $16,274,815 in 2024, reflecting an increase of $16,920,391 [209]. - Net cash used in operating activities was $14,445,853 in 2025, an increase of $9,174,575 from $5,271,278 in 2024 [210]. - Net cash used in investing activities reached $115,512,358 in 2025, a significant increase of $113,642,573 attributed to digital asset purchases and acquisitions [213]. Regulatory and Compliance Risks - The Company is classified as an "emerging growth company," allowing it to delay the adoption of certain accounting standards until they apply to private companies [89]. - The Company faces significant competition in the digital asset market, which may hinder its ability to maintain its digital asset strategy and compete effectively [102]. - The Company has not encountered cybersecurity threats that materially affect its business strategy or financial condition [145]. - The board of directors has delegated oversight of cybersecurity risks to the audit committee, emphasizing the importance of managing these risks [146]. - The management team is required to focus significantly on regulatory compliance, which may divert attention from day-to-day business management [126]. - The company is subject to significant administrative and legal burdens as a public operating company, which may impact its operational focus [126]. - Regulatory developments regarding digital assets may adversely affect the company's business and financial condition, as new laws could impact the ability to own or transfer cryptocurrencies [108]. Shareholder Matters - The Company authorized a share repurchase program in November 2025, allowing for the repurchase of up to $40 million of common shares over 12 months [178]. - As of December 31, 2025, the Company repurchased 183,346 shares at a total cost of $257,964 under the repurchase program [178]. - From January 1, 2026, to March 24, 2026, the Company repurchased 3,090,038 common shares for a total cost of $2,868,398 [179]. - The average price paid per share for the repurchases from January 1, 2026, to March 24, 2026, was $0.92 [156]. - The company's common shares are currently trading at $0.65 per share, below the Nasdaq minimum bid price requirement of $1.00 [152]. - On March 13, 2026, the company received a notice from Nasdaq regarding non-compliance with Rule 5550(a)(2) due to the closing bid price being below the minimum requirement for 30 consecutive business days [153]. - The company has approximately 89,798,842 common shares issued and outstanding as of March 24, 2026 [154]. - The company has never paid cash dividends on common shares and does not expect to do so in the foreseeable future [157].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-42422 VENU HOLDING CORPORATION (Exact Name of Registrant as Specified in its Charter) (State or other Jurisdiction of Incorporation or Organiza ...