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Primis Financial Corp. Provides Progress Report on Filings and Compliance with Nasdaq Listing Requirements

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MCLEAN, Va., Oct. 9, 2024 /PRNewswire/ — Primis Financial Corp. (NASDAQ: FRST) (“Primis” or the “Company”) today provided an update on its delinquent filings and process for regaining compliance with Nasdaq listing requirements. On October 4, 2024, Primis filed its restated Annual Report on Form 10-K for the year ended December 31, 2022 and anticipates filing is Annual Report on Form 10-K for the year ended December 31, 2023 on October 11, 2024. The Company is also working diligently to complete its delayed Form 10-Q filings and is targeting filing those by October 31, 2024 at which point the Company will have regained compliance with Nasdaq listing standards. As detailed further below, Primis shares continue to be traded on Nasdaq and the Company does not anticipate any changes in its listing status prior to completion of its filings.

As previously disclosed, Primis was granted a 180-day “exception period” by Nasdaq to complete its delayed filings and regain compliance with Nasdaq listing requirements with the “exception period” expiring on September 30, 2024. While the Company is making progress on its filings, as evidenced by the filing of its restated Form 10-K for 2022 and imminent filing of Form 10-K for 2023, the Company was unable to complete the delayed filings by September 30, 2024. As expected, on October 3, 2024, the Company received a notice (the “Notice”) from Nasdaq indicating that the Company’s shares may be delisted due to continued noncompliance with Nasdaq listing rules. On October 8, 2024, the Company appealed Nasdaq’s determination in accordance with the procedures set forth in the Nasdaq Listing Rules and requested a hearing (the “Hearing Request”) before a Nasdaq Hearings Panel (the “Panel”) which normally take places 30 to 45 days from the filing of the appeal. The Hearing Request automatically stayed any suspension of trading through October 23, 2024, and the Company further requested that the temporary stay be extended until the Panel issues a final decision on the matter. The Company believes that it satisfies the standards for the granting of such an extended stay and does not anticipate that the Company’s securities will be suspended or delisted as a result of the Notice.

Nasdaq listing rules require the Company to disclose the specific basis for the Notice, namely the Company’s noncompliance with Nasdaq Listing Rule 5250(c)(1) because the Company did not file its Annual Report on Form 10-K for the year ended December 31, 2023 (the “Form 10-K”), Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the “Q1 Form 10-Q”) and Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 ( the “Q2 Form 10-Q” and, together with the Q1 Form 10-Q, the “Form 10-Qs”) before the expiration of the 180-day “exception period” that was previously granted by Nasdaq. Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all periodic reports with the Securities and Exchange Commission (the “SEC”). The Notice has no immediate effect on the listing of the Company’s securities on Nasdaq.  As detailed above, the Company continues to work diligently to complete and file the Form 10-K and Form 10-Qs and to regain compliance with the Listing Rules in the near future.

About Primis Financial Corp.

As of June 30, 2024, Primis had $4.0 billion in total assets, $3.3 billion in total loans and $3.3 billion in total deposits. Primis Bank provides a range of financial services to individuals and small- and medium-sized businesses through twenty-four full-service branches in Virginia and Maryland and provides services to customers through certain online and mobile applications.

Contacts:                                                                

Address:

Dennis J. Zember, Jr., President and CEO               

Primis Financial Corp.

Matthew A. Switzer, EVP and CFO                        

1676 International Drive, Suite 900

Phone: (703) 893-7400                                         

McLean, VA 22102

Primis Financial Corp., NASDAQ Symbol FRST
Website: www.primisbank.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act, about the Company that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “intend,” “may,” “plan,” “should,” “will,” or the negative of these words or other similar terms or expressions. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, a further material delay in the Company’s financial reporting, including as a result of unanticipated factors or factors that the Company currently believes will not cause delay that could cause further delay; the possibility that the ongoing review may identify additional errors or control deficiencies in the Company’s accounting practices; the risk that any restatements may subject us to unanticipated costs or regulatory penalties and could cause investors to lose confidence in the accuracy and completeness of our financial statements; the likelihood that the control deficiencies identified or that may be identified in the future will result in additional material weaknesses in the Company’s internal control over financial reporting; the possibility that the Company is unable to regain compliance with, or thereafter continue to comply with, the Nasdaq Listing Rules, or  experience violations of additional Listing Rules; the possibility that Nasdaq may deny the Company’s appeal and delist the Company’s securities; the preliminary nature of the financial information contained herein and the possibility that such results could materially change as they are finalized and audited; the risk of investigations or actions by governmental authorities or regulators and the consequences thereof, including the imposition of penalties; the risk that the Company may become subject to shareowner lawsuits or claims; risks related to our ability to implement and maintain effective internal control over financial reporting and/or disclosure controls and procedures in the future, which may adversely affect the accuracy and timeliness of our financial reporting; the inherent limitations in internal control over financial reporting and disclosure controls and procedures; the scope of any restatement or deficiencies, if any, in internal control over financial reporting and/or disclosure controls and procedures may be broader than we currently anticipate; remediation of any potential deficiencies with respect to the Company’s internal control over financial reporting and/or disclosure controls and procedures may be complex and time-consuming; and the impact of these matters on the Company’s performance and outlook and other factors contained in the “Risk Factors” section and elsewhere in the Company’s filings with the SEC from time to time, including, but not limited to, its Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. The forward-looking statements in this Current Report on Form 8-K are based upon information available to the Company as of the date of this press release, and while the Company believes such information forms a reasonable basis for such statements, such information may be limited or incomplete, and its statements should not be read to indicate that the Company has conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements. Except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

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SOURCE Primis Financial Corp.

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Think Bold, Ride Bold: Insta360 Takes Over the Champs-Élysées with 200-Rider Community Event

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LOS ANGELES, July 26, 2026 /PRNewswire/ — Insta360 announced “Vibrez en Jaune” Pop-Up, a three-day cycling and creator event held in Paris from July 24 to July 26, 2026. Designed to coincide with the electric atmosphere of the Tour de France finale, the event culminated in a 200-rider takeover of the Parisian streets, bringing the spirit of professional cycling to everyday enthusiasts and urban explorers.

Built around the theme ‘Think Bold, Ride Bold,’ “Vibrez en Jaune” Pop-Up featured immersive pop-up experiences, hands-on creator workshops, and a sprawling group ride traversing the iconic 90km classic route from Versailles to the Champs-Élysées. The festival served as a celebration of cycling not just as a competitive sport, but as a vehicle for exploration, storytelling, and community connection.

A Festival of Content and Culture

The event kicked off on July 24 with a two-day hub of activity in the heart of Paris. Moving away from traditional retail experiences, Insta360 hosted a series of “Cycle & Create” workshops designed to lower the barrier to content creation.

Attendees gained access to on-site trial devices, allowing them to test out Insta360’s unique product ecosystem firsthand. Insta360 product experts were on hand to teach advanced cycling photography and videography techniques, ensuring riders knew exactly how to capture dynamic, hands-free POV footage of their urban commutes and weekend group rides.

The pop-up also served as a central gathering space for the community. Registered riders connected over coffee, collected their limited-edition Insta360 yellow cycling jerseys, and prepared for the weekend’s main event.

The Hero Moment: Taking Over the Streets of Paris

On Sunday, July 26, over 200 riders embarked on the “Vibrez en Jaune” Pop-Up main event. Organized in partnership with the Peloton Cycling Club, the group rode a 90km route inspired by the Tour de France Paris finale.

Beginning in Versailles, the group rode through the Paris city center before arriving at the Champs-Élysées. To ensure safety and an optimal experience, riders were organized into small, supervised packs of 20 to 25 across four distinct difficulty tiers—Spicy, Medium-Plus, Medium, and Mild—making the professional route accessible to a wide range of skill levels.

Select riders were equipped with Insta360 cameras to record immersive, first-person footage of the group as they navigated the historic streets, creating a collaborative, community-driven documentary of the ride.

Celebrating the Finish Line

The ride concluded at the Insta360 pop-up space for a vibrant after-party. As the actual Tour de France final stage was broadcast live on a giant screen, participants were treated to a professional DJ, refreshments, and finger food.

To reward the community, Insta360 hosted a drawing featuring premium cycling accessory bundles and high-value grand prizes, including the Insta360 GO Ultra Tadej Pogačar Edition and an exclusive jersey signed by the cycling champion himself.

Redefining Urban Exploration

Beyond the celebration of the sport, “Vibrez en Jaune” Pop-Up highlights the brand’s ongoing commitment to sustainable urban lifestyles. By encouraging people to rediscover their cities by bike, Insta360 aims to promote cycling as an accessible, low-carbon choice that allows individuals to experience urban life in a more mindful, connected way.

About Insta360

With a “Think bold” mindset, Insta360 empowers people to capture and share their lives in extraordinary ways. Recognized as a market leader and innovator, Insta360’s vast lineup includes the world’s best-selling 360 cameras in the X Series, the thumb-sized GO Series for everyday capture, as well as an extensive range of action cameras, gimbals, webcams, and professional photography solutions. With intuitive, AI-powered software, Insta360 simplifies the creative process, allowing users to focus on storytelling without technical barriers. Insta360 is dedicated to helping a new generation of athletes, creatives, travelers and professionals bring their ideas to life.

For more details visit: http://www.insta360.com

About the Think Bold Fund: https://www.insta360.com/ThinkBoldFund
Read our blog: https://www.insta360.com/blog
Follow us on Facebook: https://www.facebook.com/Insta360
Follow us on X: https://x.com/insta360
Follow us on Instagram: http://www.instagram.com/insta360
Follow us on TikTok: http://tiktok.com/@insta360_official
Follow us on LinkedIn: https://www.linkedin.com/company/insta360
Subscribe to our YouTube Channel: http://www.youtube.com/insta360

Press Contact
Insta360
pr@insta360.com

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SOURCE Insta360

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New ProEssentials v11: Native WinUI Charting Library, 100M Points in 15ms, Following Microsoft’s Vision for True Native Swap-Chain Rendering

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30 years of evolution in native C++ rendering that bypasses the managed XAML layer entirely and renders straight on the GPU via Direct3D compute shaders, in native x64 and ARM64, ready for Microsoft’s Windows on Arm and Copilot+ PCs. A fresh pass of 100M new data points renders to screen in ~65ms. The same engine powers WinUI, WPF, WinForms, MFC, and C++ from one codebase, with .NET 10 — built for real-time scientific, engineering, and financial data.

DALLAS, July 26, 2026 /PRNewswire/ — Gigasoft has released ProEssentials v11, bringing its 30-year native C++ charting engine to WinUI. Every other WinUI chart today renders through managed XAML — ProEssentials renders directly to a Direct3D composition swap chain, the native path Microsoft built WinUI around. The result: 100 million data points re-rendered in roughly 15ms, a fully fresh 100M-point frame on screen in about 65ms.

v11 also ships a native ARM64 engine, ProEssentials runs native on Microsoft’s Windows on Arm and Copilot+ PCs. .NET 10 arrives across the WinUI, WPF, and WinForms interfaces, with Direct3D compute shaders doing the heavy lifting on every architecture. A side-by-side native WinUI chart performance comparison against the major vendors is published on gigasoft.com.

The engine underneath is the same native C++ core Gigasoft has refined since 1993 — deliberately kept native behind a thin .NET wrapper, never rewritten in managed code. One engine drives WinUI, WPF, WinForms, MFC, and C++, so a chart moves between frameworks by changing the control type, not the charting code. Don’t take the numbers on faith — clone the open-source 100M-point WinUI demo and benchmark it on your own hardware.

“ProEssentials is the undisputed heavyweight of Windows desktop charting. Version 11 brings its three-decade native C++ engine to WinUI 3, native ARM64, and .NET 10. We’re proud to ship the world’s first charting component to faithfully deliver on Microsoft’s goal for WinUI as the modern, native, performant interface — presenting directly through a composition swap chain instead of a managed XAML layer,” said Robert Dede, founder of Gigasoft.

ProEssentials is not only for shipping products. It is the tool engineers reach for on their own side projects — R&D experiments, rapid prototypes, proof-of-concept demos, test-and-measurement utilities, internal data analysis, and the one-off tools engineering firms are always building. Any company serious about engineering will find countless uses for it, and with v11’s AI charting code assistance many of those ideas become working applications in a few hours. Licensing is perpetual and royalty-free, generous for multi-developer teams — worth putting in front of your CTO, CIO, and Chief AI Officer. A no-hassle evaluation download is available at gigasoft.com.

Contact:
Robert Dede, BSEE, Founder
Gigasoft, Inc.
***@gigasoft.com

Photo(s):
https://www.prlog.org/13152577

Press release distributed by PRLog

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SOURCE Gigasoft, Inc.

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Global Times: Here Come China’s ‘next new three’: AI, robotics and innovative drugs spearhead a new round of industrial upgrading

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BEIJING, July 26, 2026 /PRNewswire/ — From four-legged inspection robots operating in European nuclear power plants to automatic coffee-making robotic arms serving travelers at airports and transit hubs around the globe and smart AI systems supporting local Chinese teaching in Thai schools, these varied overseas applications offer a vivid snapshot of how China’s “next new three” industries are expanding globally.

Labeled the “next new three,” AI, robotics and innovative drugs represent China’s new core strategic industries and fresh economic growth engines. Their rise marks a major upgrade in China’s industrial and export model. More importantly, this industrial shift is delivering open, inclusive and innovative solutions to support global industrial upgrading and shared development, experts said.

From ‘old three’ to ‘next new three’ 

For decades, China established its global manufacturing foothold by leveraging its labor-cost advantages, with apparel, furniture and home appliances becoming the iconic “old three” of Chinese exports.

In recent years, the export portfolio has undergone a remarkable green and tech transformation. Electric vehicles (EVs), lithium batteries and photovoltaic products, known as the “new three,” have become the backbone of China’s export growth.

Recent industry data demonstrates the strong growth potential of the “next new three” tech sectors: AI, robotics and innovative drugs.

Statistics from global AI platform OpenRouter show that domestic large models registered 36.11 trillion token calls in the week of July 13 to 19, a month-on-month increase of 30.93 percent, with growth sustained for eight straight weeks, according to the People’s Daily.

In the first half of the year, the country’s robotics exports reached 6.29 billion yuan ($929 million), covering 141 countries and regions with the exports of high-end surgical robots recording a striking 3.3-fold year-on-year increase. 

Meanwhile, China’s innovative pharmaceutical sector has gained strong global influence, with outbound technology licensing transactions hitting $110 billion in the first six months of the year. Chinese pharmaceutical companies accounted for eight of the world’s top 10 pharmaceutical licensing deals.

Wang Peng, a research fellow at the Beijing Academy of Social Sciences, told the Global Times on Sunday that the rise of the “next new three” represents China’s industrial shift from exporting manufacturing capacity to exporting high-end innovation.

Competition now centers on original research, core underlying technologies and related services rather than production volume and costs, Wang said.

He noted that these industries help Chinese businesses move up the value chain from assembly processing to research and development, technical services and standard-setting, strengthening China’s position in global industrial chains. 

Mirroring this trend, from January to May this year, China’s total services trade volume rose 6 percent year-on-year, while the services trade deficit narrowed by around 20 percent. Exports of knowledge-intensive services surged 12.2 percent, highlighting the continuous improvement of China’s services export competitiveness and the optimized structure of foreign trade, according to the People’s Daily.

While the “new three” underpin China’s foreign trade fundamentals, the “next new three” seize the commanding heights of future industries. Jointly, they shore up China’s long-term economic competitiveness and inject sustained impetus into high-quality growth, Wang said.

Inclusive technological progress

China’s high-quality exports of products and services have contributed to more inclusive technological progress to the global market, reflecting Chinese enterprises’ core strengths in independent technological research, business model innovation and the ability to integrate global resources, as well as China’s commitment to driving global development and benefiting humanity through technological openness.

Chinese startup DEEP Robotics told the Global Times that its quadruped robot intelligent inspection solution has been officially deployed at Switzerland’s Leibstadt Nuclear Power Plant, the largest and highest-output nuclear facility in the European country, providing a Chinese solution for the digital and intelligent upgrading of nuclear power operations and maintenance across Europe.

The quadruped robot can replace human workers to access high-risk areas, perform precise operations and conduct high-frequency regular autonomous inspections 24/7, fundamentally cutting safety risks for on-site maintenance staff. It can also move flexibly through narrow corridors and gaps between dense equipment, covering all key inspection points and significantly reducing monitoring blind spots that traditional inspection devices cannot reach, the firm said.

Chinese robotic firm DoBot told the Global Times that in the commercial services sector, coffee robots equipped with its Nova series collaborative robotic arms have been operating stably in more than 20 types of venues including airports, high-speed railway stations and shopping malls globally, with a track record of producing hundreds of thousands of cups without reported malfunctions.

Overseas landmark applications include unattended Coca-Cola beverage stations along the Mediterranean coast, mobile coffee kiosks in the United Arab Emirates that serve a drink within 45 seconds, and self-operated food trucks deployed in shopping malls in Singapore, the company said.

Chinese AI company iFLYTEK said that its AI-powered intelligent teaching system has helped expand Chinese language learning worldwide and supported the digital development of Chinese education in overseas markets. 

Since a Thai middle school adopted iFLYTEK’s AI-powered intelligent Chinese teaching system in 2025, the technology has acted as a supplementary teaching solution amid growing local demand for Chinese learning and a shortage of qualified language instructors. It has greatly expanded students’ practice opportunities: On average, learners now speak Chinese 12 times per session, compared with only twice in regular classes, Xie Fei, director of iFLYTEK’s Global Chinese Learning Platform, said on Sunday.

From industrial robots to boost production efficiency for local factories to AI algorithms that improve local smart ecosystems, China’s “next new three” allow countries at all development levels to access benefits from advanced technologies and narrow the global digital divide, Wang said.

By building a sound global industrial network and rolling out customized technology solutions tailored to local conditions, these technological exports help recipient countries nurture their own industrial capacities and climb up the value chain to move higher up the industrial value chain. In the long run, such efforts will drive the global industrial system toward greater diversification and more balanced development, Wang noted.

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SOURCE Global Times

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