Financial Data and Key Metrics Changes - Total revenues for Q4 2025 were $14.2 million, an 11.2% increase compared to the same period last year [16] - Gross margins for Q4 2025 were 46.9%, slightly down from 47.2% in Q4 2024, impacted by tariffs and product mix [17] - Net income per diluted share was $0.99 for Q4 2025, up from $0.73 in the prior year [18] - Adjusted EBITDA for Q4 2025 was $4.5 million, a 46.8% increase over $3.1 million in Q4 2024 [18] - Total revenues for the fiscal year 2025 were $54.4 million, also an 11.2% increase over the previous year [20] - Gross margins for 2025 were 44.4%, down from 46.2% in 2024, affected by higher tariff-related costs [21] - Net income for 2025 was $8.4 million or $2.62 per diluted share, compared to $7.6 million or $26.5 per share in 2024 [22] - Adjusted EBITDA for 2025 was $12.6 million, up from $11.1 million in 2024 [23] Business Line Data and Key Metrics Changes - Revenue growth was primarily driven by defense program products and avionics shipments [20] - Backlog at the end of Q4 2025 was $76.4 million, a 62% increase from $47.2 million at the end of Q4 2024, reflecting a focus on securing long-duration contracts [19] Market Data and Key Metrics Changes - The company reported strong demand in the defense sector, particularly due to military actions and increased procurement budgets [12][14] - The FY 2026 defense budget was approved, with expectations for military procurement to increase significantly [12] Company Strategy and Development Direction - The company is focused on expanding its defense program business, which constitutes the majority of its revenue [29] - There is an emphasis on both organic growth and strategic partnerships or acquisitions to enhance capabilities [33] - A rights offering was announced to support acquisition strategies and improve financial flexibility [34][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position to capitalize on increased demand in the defense sector and anticipated growth in radar and electronic warfare markets [30] - The company expects a more favorable tariff environment in 2026, which should positively impact gross margins [49] Other Important Information - The company added $10.7 million of cash through operations in fiscal year 2025 and has no outstanding debt [26][27] - A new loan agreement was signed to borrow up to $20 million, enhancing financial flexibility [27] - The company plans to hold an investor day on May 12, 2026, at the New York Stock Exchange [39] Q&A Session Summary Question: Motivation for the rights offering - The rights offering is driven by industry changes and increased demand, allowing the company to enhance capacity and take advantage of market opportunities [40][41][43] Question: Impact of tariffs on gross margin - Tariffs had a negative impact on gross margins, but a more favorable product mix and reduced tariffs are expected to improve margins in the future [45][49] Question: Growth sources for backlog - The backlog growth is primarily from defense and aerospace sectors, with expectations for increased opportunities in space [52] Question: Drone exposure in business - The company has exposure to drone warfare through sales to manufacturers of larger drones and is seeing growth in radar systems focused on counter-drone warfare [58][61]

Group 1 - Presurance Holdings, Inc. announced the closing of its rights offering on February 27, 2026, as detailed in a previous report [1] - A total of 4,284,640 shares of common stock were purchased at a subscription price of $1.00 per share during the rights offering [2] - Clarkston Companies, Inc. agreed to purchase all unsubscribed shares at the same price, resulting in a total purchase of 9,715,360 shares to fulfill the backstop commitment [3] Group 2 - The company received gross proceeds of $14,000,000 from the rights offering and backstop commitment, which will be used for redeeming Series B Preferred Stock and general corporate purposes [4] - Subscription rights that were not exercised by the deadline expired and the rights offering is terminated for unissued shares [5] - The rights offering was conducted under a registration statement that was declared effective by the SEC on February 6, 2026 [6] Group 3 - Presurance Holdings, Inc. is a Michigan-based property and casualty holding company that provides specialty insurance coverage [8]

Core Viewpoint - Presurance Holdings, Inc. has initiated a rights offering allowing eligible shareholders to purchase additional shares at a set price before the expiration date of February 24, 2026 [1][2]. Group 1: Rights Offering Details - Shareholders of record as of February 6, 2026, will receive one non-transferable Subscription Right for each share owned, enabling them to purchase 1.145 shares of common stock at a subscription price of $1.00 per share [2]. - The rights offering is governed by an effective registration statement on Form S-1 and a prospectus detailing the terms, which is available through the SEC [7]. Group 2: Participation Instructions - Shareholders must complete and execute the rights certificate and submit it along with payment to the Subscription Agent before the expiration time of 5:00 p.m. New York City time on February 24, 2026 [3]. - Beneficial owners of shares registered in the name of a broker or custodian should instruct their institution to exercise the subscription rights on their behalf [4]. Group 3: Payment and Refunds - Any payments received that are not applied to the exercise of subscription rights will be refunded to the shareholder without interest or penalty [5]. Group 4: Company Overview - Presurance Holdings, Inc. is a Michigan-based property and casualty holding company that provides specialty insurance coverage aimed at protecting individuals, businesses, and communities, focusing on disciplined growth and long-term value creation [8].

Table of Contents As filed with the Securities and Exchange Commission on February 3, 2026 Registration No. 333-292735 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PRESURANCE HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Michigan 6331 27-1298795 (Primary Standard Industrial Classification Code Number) (I.R.S. Emp ...

Table of Contents As filed with the Securities and Exchange Commission on January 14, 2026 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PRESURANCE HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Michigan 6331 27-1298795 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Numb ...

Core Points - Theon International Plc is launching a rights offering to raise approximately €150 million through the issuance of 8,624,645 new ordinary shares at a subscription price of €17.40 per share, which represents a discount of 30.8% to the theoretical ex-rights price [3][4][10] - The majority shareholders, Venetus Limited and CHRE Investments Limited, have committed to subscribe for approximately €107 million of new shares, representing about 71.0% of the offering [5][6] - The proceeds from the rights offering are intended to partially finance the acquisition of a 9.8% stake in Exosens SA for €268.7 million, positioning Theon as the second-largest shareholder in Exosens [6][8][7] Offering Details - The rights offering will allow existing shareholders to receive 1 right per ordinary share held as of the record date, with 8 rights required to subscribe for 1 new share [4][9] - The subscription period will run from December 2, 2025, to December 15, 2025, with rights trading occurring from December 2 to December 11, 2025 [12][13] - Any unsubscribed shares will be offered to eligible institutional investors through private placements [15] Financial Context - The subscription price of €17.40 per share is based on a closing price of €26.10 per ordinary share, indicating a significant discount [10] - The expected net proceeds from the offering are approximately €146 million, which will be utilized for the Exosens acquisition [8] Company Background - Theon Group specializes in developing and manufacturing advanced night vision and thermal imaging systems for defense and security applications, with a global presence [34] - The company has been listed on Euronext Amsterdam since February 2024 and has over 240,000 systems in service across 71 countries, including 26 NATO member countries [34]

Core Viewpoint - Lee Enterprises, Inc. is initiating a proposed equity rights offering to raise up to $50 million to support its digital transformation efforts [1][2]. Group 1: Proposed Rights Offering - The proposed rights offering aims to raise capital for the company's digital transformation, with an aggregate offering value of up to $50 million [1]. - If the full offering amount is raised, the company will benefit from a reduction in its annual interest rate from 9% to 5% for five years, resulting in annual interest savings of approximately $18 million and up to $90 million over the five-year period [2]. - The net proceeds from the offering will be allocated for working capital and investments in technology related to advertising strategies, audience outreach, and digital products [3]. Group 2: Stockholder Consent and Share Structure - The company is seeking stockholder consent to amend its charter to authorize additional shares of existing common stock, a new class of convertible non-voting common stock, and "blank check" preferred stock [4]. - Holders of the company's voting common stock will receive subscription rights, which include a basic subscription right and an over-subscription privilege [5][10]. - The non-voting common stock issued in the offering is expected to convert automatically into voting common stock after three years [7]. Group 3: Regulatory and Procedural Aspects - A registration statement on Form S-1 has been filed with the U.S. Securities and Exchange Commission (SEC) to facilitate the proposed rights offering [8]. - The company reserves the right to modify, postpone, or cancel the proposed rights offering at any time [9]. - The offering will be made only by means of a prospectus that meets the requirements of the Securities Act of 1933 [11].

Table of Contents As filed with the Securities and Exchange Commission on November 5, 2025 Registration No. 333- GCI Liberty, Inc. (Exact name of registrant as specified in its charter) Nevada (State or other jurisdiction of incorporation or organization) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 4841 (Primary Standard Industrial Classification Code Number) 36-5128842 (I.R.S. Employer Identification No.) FORM S-1 REGISTRATION STATEMENT UNDER 12300 Liberty Blvd. Englewood, Color ...

Table of Contents As filed with the Securities and Exchange Commission on November 5, 2025 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 GCI Liberty, Inc. (Exact name of registrant as specified in its charter) Nevada (State or other jurisdiction of incorporation or organization) 4841 (Primary Standard Industrial Classification Code Number) 36-5128842 (I.R.S. Employer Identification No.) 12300 Lib ...

Core Viewpoint - AmpliTech Group, Inc. announces a rights offering to shareholders and certain warrantholders, allowing them to purchase units at a price of $4.00 per unit, which includes one share of common stock and two short-term rights to purchase additional shares [2][3][6]. Summary by Sections Rights Offering Details - The company plans to distribute two transferable Unit Rights for each common share and warrant held as of the record date [4]. - A total of up to 8,000,000 units will be available for purchase at $4.00 per unit [3]. - Holders who fully exercise their Unit Rights can oversubscribe for additional units, subject to pro rata allocation [5]. Use of Proceeds - The net proceeds from the rights offering will be utilized for scaling domestic manufacturing, advancing R&D, enhancing supply-chain resilience, engaging in strategic partnerships, and supporting corporate growth initiatives [6]. Timeline - Key dates for the rights offering include: - Ownership date: November 7, 2025 - Record date: November 10, 2025 - Commencement date: November 11, 2025 - Subscription deadline: December 10, 2025 - Expiration date: December 10, 2025 [8]. Company Background - AmpliTech Group, Inc. specializes in advanced signal-processing components for satellite, 5G/6G networks, and quantum systems, serving various global markets including telecommunications and defense [12].