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Intech Investment Management LLC bought a new stake in shares of Ellington Financial Inc. ( NYSE:EFC – Free Report ) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 53,933 shares of the financial services provider’s stock, valued at approximately $695,000. Intech Investment Management LLC owned about 0.06% of Ellington Financial as of its most recent filing with the Securities & Exchange Commission. Several other large investors have also bought and sold shares of EFC. Vanguard Group Inc. raised its position in Ellington Financial by 1.0% in the first quarter. Vanguard Group Inc. now owns 4,879,336 shares of the financial services provider’s stock worth $57,625,000 after acquiring an additional 45,979 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Ellington Financial by 6.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 105,288 shares of the financial services provider’s stock worth $1,242,000 after acquiring an additional 6,517 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Ellington Financial by 4.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 54,094 shares of the financial services provider’s stock valued at $639,000 after purchasing an additional 2,500 shares in the last quarter. Virtu Financial LLC bought a new stake in Ellington Financial in the first quarter worth $163,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of Ellington Financial by 359.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 294,834 shares of the financial services provider’s stock valued at $3,562,000 after buying an additional 230,722 shares in the last quarter. 55.62% of the stock is owned by hedge funds and other institutional investors. Insider Transactions at Ellington Financial In related news, CIO Michael W. Vranos sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $12.48, for a total transaction of $174,720.00. Following the completion of the sale, the executive now directly owns 168,359 shares in the company, valued at approximately $2,101,120.32. The trade was a 7.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Company insiders own 4.40% of the company’s stock. Ellington Financial Stock Performance Ellington Financial ( NYSE:EFC – Get Free Report ) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. Ellington Financial had a net margin of 106.40% and a return on equity of 10.26%. The company had revenue of $33.63 million for the quarter, compared to analysts’ expectations of $37.95 million. During the same period in the prior year, the business earned $0.33 EPS. On average, sell-side analysts anticipate that Ellington Financial Inc. will post 1.37 earnings per share for the current year. Ellington Financial Announces Dividend The firm also recently declared a monthly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Friday, November 29th will be issued a $0.13 dividend. This represents a $1.56 annualized dividend and a yield of 12.62%. The ex-dividend date is Friday, November 29th. Ellington Financial’s payout ratio is 119.08%. Ellington Financial Company Profile ( Free Report ) Ellington Financial Inc, through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. The company acquires and manages residential mortgage-backed securities (RMBS) backed by prime jumbo, Alt-A, manufactured housing, and subprime mortgage; RMBS for which the principal and interest payments are guaranteed by the U.S. Recommended Stories Five stocks we like better than Ellington Financial 2 Fintech Stocks to Buy Now and 1 to Avoid The Latest 13F Filings Are In: See Where Big Money Is Flowing How to Use Stock Screeners to Find Stocks 3 Penny Stocks Ready to Break Out in 2025 Airline Stocks – Top Airline Stocks to Buy Now FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Want to see what other hedge funds are holding EFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ellington Financial Inc. ( NYSE:EFC – Free Report ). Receive News & Ratings for Ellington Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellington Financial and related companies with MarketBeat.com's FREE daily email newsletter .

NEW YORK (AP) — Sneaking a little ahead of line to get on that plane faster? American Airlines might stop you . In an apparent effort to reduce the headaches caused by airport line cutting, American has rolled out boarding technology that alerts gate agents with an audible sound if a passenger tries to scan a ticket ahead of their assigned group. This new software won't accept a boarding pass before the group it's assigned to is called, so customers who get to the gate prematurely will be asked to go back and wait their turn. As of Wednesday, the airline announced, the technology is now being used in more than 100 U.S. airports that American flies out of. The official expansion arrives after successful tests in three of these locations — Albuquerque International Sunport, Ronald Reagan Washington National Airport and Tucson International Airport. The initial response from customers and American employees "has exceeded our expectations," Julie Rath, American’s senior vice president of airport operations, reservations and service recovery, said in a statement. She added that the airline is “thrilled" to have the technology up and running ahead of the Thanksgiving holiday . American got lots of attention when it unveiled its gate-control testing last month. Analysts say that isn't surprising. It's no secret that line cutting in airports hits a nerve. Whether intentional or not, just about every air traveler has witnessed it, noted Henry Harteveldt, an airline industry analyst with Atmosphere Research Group. It can add to frustrations in what can already be a tense environment, with particular anxiety around passengers wanting to sit together or rushing for some overhead bin space. Harteveldt doesn't see American's recent move as “shaming” customers who cut the line. “What it is intended to do is bring order out of chaos,” he said. "And I hope it will defuse any potential flare ups of anger (from) people who simply think they're entitled to board out of turn .... It’s just not fair." Harteveldt added that he thinks this change will enhance the experiences of both customers and gate agents. Others say more time will tell. Seth Miller, editor and founder of air travel experience analysis site PaxEx.aero , said he can see the benefits of more orderly and universal gate-control enforcement, particularly for airlines. But he said he isn't “100% convinced this is perfect for passengers" just yet. Families, for example, might be booked on several different reservations across more than one group, he said. Airlines typically have workarounds for that, and American noted Wednesday that customers traveling with a companion in an earlier group can simply have a gate agent “override the alert” to continue boarding. Still, Miller said, “you have to go through the extra hoops.” And a difficult customer still might choose to hold up the line and argue when they're not allowed to board, he added. Another question is whether customers who encounter a beep will walk away feeling embarrassed. But Harteveldt said he was happy to learn that American's alert is “not a bellowing sound that can be heard throughout the terminal,” or accompanied by your name read over a loudspeaker, noting that this is important to avoid feelings of shame. Expanding this technology just a week before peak Thanksgiving travel could be “both good and bad,” Harteveldt adds. On one hand, the tech could help significantly improve the boarding process during such a busy time, he said, but airport employees might also have appreciated more time to prepare. Both Miller and Harteveldt said they wouldn't be surprised if other carriers soon follow American's lead. Headaches over airport line cutting are far from new. While maybe not to the extent of American's new tech, Miller noted he's seen gate agents from other airlines ask people to leave a line and wait for their group. Harteveldt added that he's been to some airports in Asia and Europe with “sliding doors” that ensure passengers are in the right group before boarding a plane. The more than 100 airports that American is now using its gate-control technology in are all spoke, or non-hub, locations — including Austin-Bergstrom International Airport and Hartsfield-Jackson Atlanta International Airport. The airline says it expects to further expand to its hubs and other airports in the coming months.Alex Ovechkin is expected to miss 4 to 6 weeks with a broken left leg

On pardons, Biden weighs whether to flex presidential powers in broad new waysPARSIPPANY, NJ – November 25, 2024, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Lincoln Educational Services Corporation (NASDAQ: LINC), a national leader in specialized technical training for more than 75 years, announces the graduation of eight new technicians from its specialized Johnson Controls International (JCI) Academy program at the Denver, CO campus. This is the first group to graduate from the Denver location; the JCI Academy has also operated at Lincoln’s Columbia, MD campus since the Fall of 2022. Since the inception of Lincoln Tech’s partnership with JCI in 2018, more than 500 students have graduated from Lincoln schools and gone straight to work at JCI locations across the country. “Our partnership with Johnson Controls enables us to broaden our innovative training programs, providing graduates with hands-on experience and direct pathways to careers that align with market needs,” says Scott Shaw, Lincoln Tech’s President and CEO. “We are proud to contribute to building a future-ready talent pool that ensures the efficient and sustainable operation of our building systems.” The graduating class celebrated its milestone on Friday, November 15th at the Denver campus – when the ribbon was also officially cut on the Johnson Controls Academy classroom. The graduates – six of whom had previously attended Lincoln Tech, along with two current JCI employee who were advancing their skill sets – will move into positions at JCI branches in Alaska, Illinois, Kansas, Pennsylvania, Tennessee, Texas and Utah. As entry-level technicians, they’ll begin careers installing, troubleshooting, repairing and maintaining fire and security alarm systems on JCI-operated buildings. Marcus Biart, a graduate of the Electrical and Electronic Systems Technology program at Lincoln Tech’s Mahwah campus, enrolled in the JCI Academy to further his training and will go on to a position at JCI’s Fort Worth, TX location. “I’ve never experienced anything like this before,” he told his fellow graduates when speaking at Friday’s ceremony. “JCI’s instructors were willing to teach me, and I was eager to learn. Thank you for giving a young man like me a chance.” Mike Schade, VP of Human Resources at Johnson Controls, was among the speakers to congratulate the graduates on their successes. “You all wanted to do something unique and exciting with your life,” Schade said. You had a vision. And vision is an important word here – at Johnson Controls not only do we want to have great technicians and help build their careers, we want to help build the trades for our economy and our country. The work we do saves lives and saves the planet.” The JCI Academy at Lincoln Tech provides six weeks of intensive hands-on training designed to close the skilled labor gap and prepare future technicians for security and fire installation and service roles. On-site housing for the duration of the program and relocation expenses upon completion are supported by Johnson Controls. To ensure smooth onboarding, graduates of the Johnson Controls Academy receive support from a retention coach for one year post-graduation. The collaboration between Johnson Controls and Lincoln Tech began in 2018, enhancing classroom experiences with cutting-edge equipment and technology. Johnson Controls is dedicated to workforce development from the K-12 level and throughout employees' careers. Through the partnership with Lincoln Tech and initiatives like the Community College Partnership Program, STEM 101, and HVAC learning labs, Johnson Controls equips schools with vital resources to develop smart, healthy, and sustainable buildings, benefiting students along the way. There are more than 800,000 positions projected to open nationwide for electricians and electronic systems technicians by 2033*, according to the U.S. Department of Labor’s Bureau of Labor Statistics. * Career growth projections can be found at onetonline.org for the years 2023-2033 and are current as of November 18, 2024. ### About Lincoln Educational Services Corporation Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education. Lincoln offers recent high school graduates and working adults career-oriented programs in five principal areas of study: automotive technology, health sciences, skilled trades, information technology, and hospitality services. Lincoln has provided the workforce with skilled technicians since its inception in 1946. Lincoln currently operates 22 campuses in 13 states under four brands: Lincoln Technical Institute, Lincoln College of Technology and Euphoria Institute of Beauty Arts and Sciences. Lincoln also operates Lincoln Culinary Institutes in both Maryland and Connecticut.For more information, go to lincolntech.edu . Contact Information Lincoln Educational Services Corporation Scott Watkins swatkins@lincolntech.edu About Johnson Controls At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet. Building on a proud history of nearly 140 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering. Today, with a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry. Visit www.johnsoncontrols.com for more information and follow @Johnson Controls on social Platforms. Contact Information Johnson Controls International Kari Pfisterer (414) 217-1488 kari.b.pfisterer@jci.com Attachment Scott Watkins, VP Marketing Lincoln Tech 973.766.9656 Swatkins@lincolntech.edu

No, the U.S. does not have any authority over the Panama CanalOhio State, Michigan players involved in melee after Buckeyes loss, multiple people pepper sprayedIntech Investment Management LLC Buys Shares of 12,801 Ambarella, Inc. (NASDAQ:AMBA)

NEW YORK , Nov. 21, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global live music market size is estimated to grow by USD 35.56 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 17.38% during the forecast period. Growing demand for live music experiences is driving market growth, with a trend towards rise in adoption of virtual and hybrid live music experiences. However, privacy and security concerns over online ticket booking platforms poses a challenge.Key market players include Alliance Tickets, Bassett Events Inc., Coast To Coast Tickets LLC, CTS Eventim AG and Co. KGaA, Eventbee Inc., Eventbrite Inc., Event.com Inc., Live Nation Entertainment Inc., Lyte Inc., SeatGeek Inc., Sunrise Records Ltd., The Ticketline Network Ltd., Ticket City Inc., TicketNetwork Inc., TickPick LLC, TiqIQ LLC, TodayTix Inc., Viagogo Entertainment Inc., Vivendi SE, and Vivid Seats Inc.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth Live music market is a thriving industry that caters to the worldwide demand for authentic and musical experiences. Trends in this sector include live music concerts, mobile apps, and the rise of DJs. Genres such as Blues, Pop, Rock, Metal, Electronica, and more continue to shape audience preferences. Industrial developments, urbanization, and technology adoption have led to the automation of production lines and the integration of technology in music events. Customer preferences drive emerging trends like local talent, interactive activities, and art installations at music festivals. Macroeconomic factors, disposable incomes, and social media influence ticket sales for B2C enterprises. Event organizers leverage user metrics, online purchase, and modeling approaches to optimize their operations. The live music market is a cornerstone of the entertainment sector, providing livelihoods for musicians, artists, agents, promoters, ticketing companies, contractors, record companies, music publishers, corporate brands, and sponsors. The sector includes small clubs, theatre-sized venues, arena shows, and stadiums, featuring international stars and local talent. Festival dates, performance schedules, and promotional campaigns are crucial elements of successful live music events. Risk takers, fee negotiations, and show production are integral parts of the business. The future of the live music market is shaped by virtual online platforms, holograms, and fan bases. The sector continues to evolve, offering unique experiences for fans and like-minded individuals. The live music industry has experienced a notable increase in the utilization of virtual and hybrid events due to technological advancements and the impact of the COVID-19 pandemic. Artists and event organizers have responded to evolving circumstances by adopting innovative approaches, enabling them to deliver live music experiences to global audiences despite challenges posed by large-scale gatherings. Virtual and hybrid formats have gained popularity as a solution to the disruptions caused by the pandemic, allowing musicians and artists to continue engaging with their fan bases. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges Live music market is a dynamic and ever-evolving industry, encompassing various elements such as concerts, mobile apps, DJs, artists, and genres like Blues, Pop, Rock, Metal, and Electronica. Challenges in this sector include urbanization, production lines, automation, and technology adoption. Industrial developments and macroeconomic factors influence music events worldwide. Customer preferences and emerging trends shape the landscape, with local special circumstances and social outlook also playing a role. Live music events offer unique experiences for consumers, bringing together like-minded individuals and passionate audiences. Younger generations value experiences over material possessions, driving growth in music festivals and virtual online platforms. Technology, such as holograms and social media, has transformed the industry, enabling B2C enterprises to reach wider audiences and increase Gross Merchandise Value. Event organizers face various challenges, including ticket sales, artist contracts, and production logistics. Collaboration between agents, promoters, ticketing companies, contractors, record companies, music publishers, corporate brands, and sponsors is crucial. The live music market is a cornerstone of the entertainment sector, providing livelihoods for musicians, crew members, and industry professionals. As the industry continues to evolve, understanding consumer behavior, representing the social outlook, and adapting to technological advancements will be key to success. Goldman Sachs predicts continued growth in the sector over the next few decades. Ultimately, the live music market offers a unique blend of art, social interaction, and entertainment for fans and artists alike. In today's digital marketplace, the music industry has seen a significant shift towards online platforms and applications. This transition brings new opportunities for live music market providers to reach their audience with customized offerings. However, it also poses new challenges, particularly in the area of data privacy. To effectively target customers, service providers collect data through cookies, which track customer preferences. This data is then utilized for customer profiling, behavior analysis, and data mining. While this information aids in delivering personalized services, indiscriminate use can infringe on customer privacy. Moreover, location-based services, which require geo-location information, raise privacy concerns. As the IT industry continues to create an open, competitive electronic marketplace, it is crucial to provide secure and reliable infrastructure for the seamless transfer and integration of critical information. Ensuring data privacy and security is essential to build trust and maintain customer loyalty. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This live music market report extensively covers market segmentation by 1.1 Tickets 1.2 Sponsorship 1.3 Merchandising 2.1 Pop 2.2 Rock 2.3 Hip-hop 2.4 EDM 2.5 Metal music and others 3.1 North America 3.2 Europe 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Tickets- The ticketing segment is a pivotal part of the global live music market, facilitating fan access to live music events through ticket sales and distribution. Online ticketing platforms, such as Ticketmaster and StubHub, have become popular due to their user-friendly interfaces and secure payment gateways. Mobile ticketing, featuring digital tickets accessible on smartphones, enhances the ticketing experience and reduces the risk of counterfeit tickets. Secondary ticketing platforms, like Viagogo and SeatGeek, offer fans an alternative to secure tickets for sold-out events. Data analytics and personalized marketing strategies are emerging trends, enabling ticketing companies to provide customized recommendations and targeted campaigns. These advancements are anticipated to boost the growth of the ticketing segment in the live music market. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis Live music concerts continue to captivate audiences worldwide, bringing people together through the power of music. Mobile apps have revolutionized the industry, allowing fans to access tickets, merchandise, and real-time updates on their favorite artists. From Blues to Pop, Rock, Metal, Electronica, and beyond, music events cater to diverse customer preferences. Emerging trends include the integration of technology, such as holograms and virtual online platforms, into live performances. Local special circumstances and macroeconomic factors can impact the livelihood of musicians, influencing tours and festivals. Social interaction and the connection with like-minded individuals are cornerstones of the live music experience, spanning decades. The younger generation continues to discover new artists and genres, ensuring the industry's longevity. Live music events offer more than just entertainment – they provide a unique experience for fans to engage with their favorite musicians and create memories that last a lifetime. Market Research Overview Live music concerts have seen a significant in popularity with the advent of mobile apps, allowing fans to easily discover and purchase tickets for their favorite artists and genres, including Blues, Pop, Rock, Metal, Electronica, and more. The live music scene is not just limited to concerts but also includes parties and music festivals, which offer unique experiences for like-minded individuals. Urbanization and industrial developments have led to the adoption of technology in music production lines and automation, transforming the way music is created and performed. Emerging trends such as virtual online platforms, holograms, and interactive activities have added new dimensions to live music events, catering to the younger generation's preferences for experiences over material possessions. Music festivals have become a cornerstone of the live music industry, attracting passionate audiences from worldwide, with genres ranging from local talent to international stars. Event organizers leverage social media and ticket sales to reach consumers, while B2C enterprises focus on Gross Merchandise Value and user metrics to optimize their offerings. The live music industry is influenced by various macroeconomic factors, including disposable incomes, consumer behavior, and emerging trends. Representativeness, social outlook, and urban population play a crucial role in shaping the industry's future, with Goldman Sachs predicting a decade-long livelihood for musicians, tours, and festivals. Live performance remains the heart of the industry, with artists, DJs, agents, promoters, ticketing companies, contractors, record companies, music publishers, corporate brands, and sponsors all playing essential roles in bringing the music to the fans. From small clubs to arena shows and stadiums, the live music industry continues to evolve, offering unforgettable experiences for fans and artists alike. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Revenue Tickets Sponsorship Merchandising Genre Pop Rock Hip-hop EDM Metal Music And Others Geography North America Europe APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioCM Pushkar Singh Dhami Uttarakhand is set to implement UCC in Jan, CM Pushkar Singh Dhami tells TOI while stating that stringent measures were being taken against illegal activities, including unauthorised madrasas and land law violations. Excerpts: What do you think of the political battle between NDA and INDIA bloc over Ambedkar's legacy? Congress party is spreading misinformation and disrespecting B R Ambedkar's legacy. Congress has a history of sidelining Ambedkar, but BJP has honoured him by establishing memorials in key locations associated with him. Congress's allegations are an attempt to create confusion and divert the people's attention from BJP's focus on development and equality. Whether it's the 1952 or 1954 elections, Congress and Nehru always conspired to keep him out of Parliament. They made every effort to stop him. For a long time, they didn't give him the recognition he deserved, but the people will see through it. What is the status of UCC? The state is ready to implement Uniform Civil Code in Jan. Training is ongoing, and the draft has been reviewed and approved by the President. The rules and regulations are in place. A (mobile) app is under development to facilitate registrations and other services, enhancing accessibility for residents. Any update of action against illegal activities and land laws? On illegal activities, including unauthorised madrasas and land law violations, strict measures are being implemented. Also, it is important to maintain law and order alongside addressing ecological concerns. Changes to land laws are under way and will be introduced in the next session. Local body elections are scheduled for Jan 2025... BJP continues to enjoy the support of people in Uttarakhand due to the state and Centre focusing on development and nationalism. The 'one nation, one election' decision is revolutionary. It will save resources, manpower and time, as frequent elections disrupt development work. This will be a milestone for the country. How significant is the winter Char Dham Yatra for the state's tourism? We've started a new winter pilgrimage. It started on Dec 8 from Omkareshwar temple, and is getting good response. Even in winter, significant number of devotees are visiting shrines. The arrangements ensure visitors face no inconvenience. This initiative aims to promote year-round pilgrimage tourism, showcasing Uttarakhand's scenic beauty. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , Location Guesser and Mini Crossword . Spread love this holiday season with these Christmas wishes , messages , and quotes .BEIJING , Dec. 6, 2024 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (NASDAQ: RTC), a one-stop AI video solution provider, today announced that it has entered into a Standby Equity Purchase Agreement (the "SEPA"), with YA II PN, Ltd. ("YA"), a fund managed by Yorkville Advisors Global, LP. Subject to the terms and conditions set forth in the the SEPA, YA is committed to purchase up to $50 million (the "Commitment Amount") of the Company's Class A Ordinary Shares (the "Shares") at any time during the two-year period following the execution date of the SEPA, by delivering written notice to YA (an "Advance Notice"). Pursuant to the SEPA, YA will advance to the Company, subject to the satisfaction of certain conditions as set forth therein, the principal amount of up to $15 million (the "Pre-Paid Advance"), which will be evidenced by convertible promissory notes (the "Promissory Notes", together with the "SEPA", the "Offering") in four tranches. The first Pre-Advance, in the principal amount of $3,000,000 , was advanced December 6, 2024 in connection with the execution of the SEPA, and is subject to a 10% discount to the principal amount of such Promissory Note. If there is no balance outstanding under the Promissory Notes, the Company will have sole discretion to sell the Shares to YA from time to time by issuing Advance Notices to YA following the effectiveness of a registration statement with the U.S. Securities and Exchange Commission registering the Shares issuable pursuant to the SEPA and the satisfaction of other customary conditions. The Company intends to use the proceeds from the offering of the Shares pursuant to the SEPA for working capital and other general corporate purposes. The Company and the Investor have entered into a registration rights agreement on the date hereof (the "Registration Rights Agreement"), pursuant to which the Company shall register the resale of the Shares issuable pursuant to the SEPA. The foregoing does not purport to be a complete description of the rights and obligations of the parties to the SEPA, the Promissory Notes, the Registration Rights Agreement, or of the transactions contemplated thereby and is qualified in its entirety by reference to such documents, the copies of which have been filed as exhibits to the Company's Current Report on Form 6-K on December 6, 2024 . D. Boral Capital LLC acted as the exclusive placement agent for the Offering. About Baijiayun Group Ltd Baijiayun is a one-stop AI video solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to delivering reliable, high-quality video experiences across devices and localities and has grown rapidly since its inception in 2017. Premised on its industry-leading video-centric technologies, Baijiayun offers a wealth of video-centric technology solutions, including Video SaaS/PaaS, Video Cloud and Software, and Video AI and System Solutions. Baijiayun caters to the evolving communications and collaboration needs of enterprises of all sizes and industries. For more information, please visit ir.baijiayun.com . Safe Harbor Statement This press release contains certain "forward-looking statements." These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties' perspectives and expectations, are forward-looking statements. The words "will," "expect," "believe," "estimate," "intend," and "plan" and similar expressions indicate forward-looking statements. Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the Company's estimates as of the date of this press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. A further list and description of risks and uncertainties can be found in the documents the Company has filed or furnished or may file or furnish with the U.S. Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. For investor and media enquiries, please contact: Company Contact: Ms. Fangfei Liu Chief Financial Officer, Baijiayun Group Ltd Phone: +86 25 8222 1596 Email: ir@baijiayun.com View original content: https://www.prnewswire.com/news-releases/baijiayun-announces-up-to-15-million-convertible-promissory-notes-and-50-million-standby-equity-purchase-agreement-302325234.html SOURCE Baijiayun Group Ltd

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Alex Ovechkin is expected to miss 4 to 6 weeks with a broken left leg

No, the U.S. does not have any authority over the Panama CanalWould Jets Be Thankful For 'Total Blowup'?Pair of original MLS clubs to play for Cup title

Iranian authorities have lifted a ban on Meta’s instant messaging platform WhatsApp and Google Play as a first step to scale back internet restrictions, Iranian state media reported on Tuesday. The Islamic Republic has some of the strictest controls on Internet access in the world, but its blocks on U.S.-based social media such as Facebook, Twitter and YouTube are routinely bypassed by tech-savvy Iranians using virtual private networks. “A positive majority vote has been reached to lift limitations on access to some popular foreign platforms such as WhatsApp and Google Play”, Iran’s official IRNA news agency said on Tuesday, referring to a meeting on the matter headed by President Masoud Pezeshkian. “Today the first step in removing internet limitations... has been taken,” IRNA cited Iran’s Minister of Information and Communications Technology Sattar Hashemi as saying. Social media platforms were widely used in anti-government protests in Iran. In September the United States called on Big Tech to help evade online censorship in countries that heavily sensor the internet, including Iran.Fitch gives shocking projection for Nigeria’s naira, Forex future