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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

More than 99 Million Ballots Processed During 2024 General Election On Average, Ballots Were Delivered from Voters to Election Officials Within One Day WASHINGTON, Dec. 2, 2024 /PRNewswire/ -- Today, the United States Postal Service released its 2024 Post-Election Analysis Report, outlining the agency's steps to process more than 99.22 million ballots in the 2024 general election. The full report can be read here: 2024 Post-Election Analysis Report . "In 2024, the Postal Service once again admirably performed our role of efficiently and effectively delivering the nation's ballots," said Postmaster General Louis DeJoy. "As we continue to transform the nation's postal network to better meet the demands of the modern mailing and shipping customer, we stand ready to work with policymakers at all levels to make the nation's effective vote by mail process even stronger." The Postal Service's success in 2024 was the result of a deepened focus on operational precision and integrated communications, the engagement of the USPS Election and Government Mail Services team and execution of longstanding, proven operational processes and procedures, including extraordinary measures. As in previous general elections, the Postal Service deployed extraordinary measures in the final weeks of the election season to swiftly move Ballot Mail entered close to or on Election Day and/or the state's return deadline. Extraordinary measures began on Monday, Oct. 21, continued nationwide through Election Day on Tuesday, Nov. 5, and extended through the last day in each state that boards of elections accepted completed mail-in ballots as timely. In 2024, the Postal Service's extraordinary measures included but were not limited to: extra deliveries and collections; special pick-ups; specialized sort plans at processing facilities to expedite delivery to boards of elections; and local handling and transportation of ballots. Key 2024 Election Mail Performance Statistics As part of the nation's critical infrastructure, USPS is responsible for processing, transporting, and delivering the nation's Election Mail safely, securely, and on time. During the General Election, USPS processed more than 99 million ballots. On average, Ballot Mail sent from voters to election officials were delivered within one day. 99.22 Million Ballots Processed in the 2024 General Election: During the general election period of September 1 – November 15, the Postal Service delivered at least 99.22 million ballots to or from voters.* 99.88 Percent of Ballots Delivered to Election Officials Within a Week: The agency successfully processed, transported and delivered 99.88 percent of ballots from voters to election officials within seven days, and 99.64 percent within five days.** 97.73 Percent of Ballots Delivered from Voters to Election Officials Within Three Days: The Postal Service successfully returned 97.73 percent of ballots from voters to local election officials in fewer than three days. 1 Day Average Delivery Time for Ballots from Voters to Election Officials: On average, the Postal Service delivered ballots from voters to election officials within one day. 3.37 Billion Pieces of Political and Election Mail Delivered in 2024: The total mail volume surpassed 3 billion mailpieces for both Political and Election Mail tracked. As an essential part of the nation's disaster response network, readiness and preparation for natural disasters are standard procedure for the Postal Service. In September and October 2024, Hurricanes Helene and Milton devastated portions of Florida, South Carolina, and North Carolina just weeks before the election. However, through the deployment of extraordinary measures in the weeks before Election Day, voters in the impacted areas who chose to use the mail to vote received performance comparable with the rest of the nation. Recommendations To Improve the Nation's Vote by Mail System in Future Election Cycles The Postal Service is both a national service and a world-class logistics organization. As such, consistent policies are needed nationwide to ensure that operations run smoothly, that the 640,000 USPS employees understand what is expected of them, and the millions of customers can have trust in the Postal Service's ability to deliver for them. At the same time, when it comes to the delivery of Election Mail, there are 50 states and nearly 8,000 election jurisdictions that are far from uniform in their election laws and practices, and that often do not consider how the mail system works. This can result in a mismatch of timeframes, deadlines, ballot return suggestions and the practical reality of using the mail. Many of these laws and practices were not established with the Postal Service's operations in mind. As USPS continues to transform the nation's postal network to better meet the demands of the modern mailing and shipping customer, the organization stands ready to work with policymakers at all levels to continue educating them on how the mail works. While the Postal Service provides effective, efficient, and reliable service for all mail, including Election Mail, there are long-standing recommendations that policymakers should consider to help expedite the transport of mail-in ballots to and from voters including: Following and implementing USPS recommendations on mail piece preparation Applying visibility tools to Election and Ballot Mail Better understanding of Postal Operations Continuing voter education initiatives on state laws and reasonable mailing deadlines *Total volume reflects volume that was identifiable as Ballot Mail by the Postal Service. **Performance data for outbound Ballot Mail (sent from local boards of elections to voters) includes only those ballots that were properly identified as ballots and consistent with our service performance measurement rules. Performance data for inbound Ballot Mail (sent from voters to local boards of elections) includes both those ballots that were properly identified as ballots and consistent with our service performance measurement rules as well as the volume identified by a survey for which data is available from 10/21/2024 to 11/13/2024. Please Note: The United States Postal Service is an independent federal establishment, mandated to be self-financing and to serve every American community through the affordable, reliable and secure delivery of mail and packages to nearly 169 million addresses six and often seven days a week. Overseen by a bipartisan Board of Governors, the Postal Service is implementing a 10-year transformation plan, Delivering for America , to modernize the postal network, restore long-term financial sustainability, dramatically improve service across all mail and shipping categories, and maintain the organization as one of America's most valued and trusted brands. The Postal Service generally receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations. For USPS media resources, including broadcast-quality video and audio and photo stills, visit the USPS Newsroom . Follow us on Twitter , Instagram , Pinterest and LinkedIn . Subscribe to the USPS YouTube Channel and like us on Facebook . For more information about the Postal Service, visit usps.com and facts.usps.com . Contact: Martha Johnson martha.s.johnson@usps.gov usps.com/news View original content to download multimedia: https://www.prnewswire.com/news-releases/us-postal-service-releases-2024-post-election-analysis-report-detailing-the-successful-efforts-taken-to-deliver-the-nations-election-mail-securely-and-effectively-302320049.html SOURCE U.S. Postal Service

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Elliot Page — an actress formerly known as Ellen Page who came out as a man as an adult — rallied outside the Supreme Court on Wednesday as justices heard oral arguments in a case surrounding Tennessee’s law banning sex change drugs and procedures for minors who believe they are transgender. The X-Men and Juno star, who had her healthy breasts removed in 2021 after announcing her “transgender” identity to the public the year before, called for minors to have access to the same sex-mutilating drugs and surgeries she has obtained, claiming that such methods are “safe and effective.” “No matter how much I publicly speak about my life being transformed for the better because of gender-affirming medical care, too many people ignore my words and instead project their fears onto my self-love. What is it about our joy that makes people so uncomfortable? I mean, they debate the legitimacy of the healthcare that allows us to thrive,” she claimed in front of a crowd of supporters. “But is this really about healthcare? No. I mean, the evidence proves that this medical care is safe and effective.” She continued by stating that while while “trans joy...deserves more public awareness,” she also wants “acknowledge [her] trans grief.” “Grief for years lost. For how hard I attempted to negotiate a way out of being transgender,” she said. “I was a trans kid, and as an adult, my heart aches for that little guy and for all the trans youth that are struggling.” She concluded her short speech by saying, “I love being trans, and I love being alive, and I want everyone to have access to the care that has changed my life. So let’s fight for it.” Page recalled in an extensive TIME interview in 2021 that she wanted to “be a boy” by the age of nine. She also revealed in an interview published last year in the Los Angeles Times that she scheduled her double mastectomy “within weeks” of hearing voices in her head and engaging in a brutal round of self-mutilation, including punching herself in the face. Page has long advocated for confused minors to have sex changes, and has stood against laws in various states created to protect minors from the potentially irreversible consequences of these drugs and procedures. She has gone as far claiming that such laws will ultimately be responsible for the “death of children.” READ MORE: Biden Administration Promotes Transgender Sex-Change Surgery, Puberty Blockers for Minors In the United States, the top-down push for minors to obtain sex-mutilating drugs and surgeries under the misleading moniker “gender-affirming care” is clear, promulgated by President Joe Biden’s White House , academia , large hospitals , and major medical organizations . At the root, these actors, along with the proliferation of gender ideology on social media, ultimately promote the false idea that human beings can be a different sex than what they were born as. Even further, the gender ideology complex claims these individuals should take sex-change drugs and get sex-change procedures to align their outward appearance with how they feel on the inside. The side effects for sex change drugs and procedures can be severe , including irreversible mutilation and infertility. Some of these so-called treatments include double mastectomies (the removal of healthy breasts), female and male genital mutilation and removal, facial feminization and masculinization, hormone treatments, and puberty blockers that can cause chemical sterilization. Puberty blockers can also have long-term impact on bone growth, bone density, and growth spurts, according to Mayo Clinic. Transgender activists frequently claim that such sex-mutilating drugs and procedures for confused minors reduce suicides and improve mental health — dubious claims which increasingly appear untrue as more studies and data come to light. Other research has indicated that a majority of children who are confused about their sex grow out of that feeling by the time they become adults. European countries that pushed sex change drugs and surgeries for minors before the United States are notably reversing course over concerns about long-term impacts. While the push toward transgenderism is heavily ideological, a report released in December 2020 found that the U.S. sex reassignment surgery market size was valued at $267 million in 2019 and is expected to expand at a compound annual growth rate of 14.4 percent from 2020 to 2027. The Biden administration ultimately asked the Supreme Court to reverse a ruling from the Ohio-based 6th U.S. Circuit Court of Appeals upholding Tennessee’s law protecting minors from sex-mutilating drugs and surgeries. “This is a relatively new diagnosis with ever-shifting approaches to care over the last decade or two. Under these circumstances, it is difficult for anyone to be sure about predicting the long-term consequences of abandoning age limits of any sort for these treatments,” Chief Judge Jeffrey Sutton, who was joined by Judge Amul Thapar, wrote for the 6th Circuit. READ MORE: Transgender Curbs Protect Children, Not Sexism, Lawyer Tell SCOTUS As almost half of the United States has passed laws barring minors from obtaining transgender drugs and surgeries, the resulting Supreme Court ruling will likely have wide-ranging impacts for the future of so-called “gender-affirming care,” as well as parental rights.70 Native American athletes set to play in Texas All-Star football game at The Star