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Pyxus Upsizes Asset-Based Lending Facility with PNC Bank

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MORRISVILLE, N.C., May 13, 2025 /PRNewswire/ — Pyxus International, Inc. (OTC Pink: PYYX) (“Pyxus” or the “Company”), a global value-added agricultural company, is pleased to announce the amendment of its asset-based lending (ABL) credit facility with PNC Bank, which was initially established February 8, 2022. As part of the amendment, the Company will have access to increased borrowing availability, lower interest rates and fees in the credit agreement, and an extended maturity date.

“The successful completion of the new ABL facility highlights the strength of our partnership with PNC and demonstrates our continued progress in enhancing our credit profile,” said Dustin Styons, Pyxus’ interim CFO. “These amendments further strengthen our capital structure, increase our financial and operational flexibility, and reinforce our commitment to maintaining a disciplined and strategic approach to credit improvement.”

The amended agreement provides Pyxus with access to an additional $30 million of funding, increasing the committed facility size to $150 million. It also reduces the interest rate margin by 25 basis points annually, from 300 basis points to 275 basis points, as well as reducing or eliminating several other fees in the credit agreement.

About Pyxus International, Inc.

Pyxus International, Inc. (“Pyxus” or the “Company”) is a global agricultural company with more than 150 years of experience delivering value-added products and services to businesses and customers. Driven by a united purpose—to transform people’s lives, so that together we can grow a better world—Pyxus, its subsidiaries and affiliates, are trusted providers of responsibly sourced, independently verified, sustainable and traceable products and ingredients. For more information, visit www.pyxus.com.

Cautionary Statement Regarding Forward-Looking Statements

Readers are cautioned that the statements contained in this report regarding expectations of our performance or other matters that may affect our business, results of operations, or financial condition are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements, which are based on current expectations of future events, may be identified by the use of words such as “guidance”, “strategy,” “expects,” “continues,” “plans,” “anticipates,” “believes,” “will,” “estimates,” “intends,” “projects,” “goals,” “targets,” and other words of similar meaning. These statements also may be identified by the fact that they do not relate strictly to historical or current facts. If underlying assumptions prove inaccurate, or if known or unknown risks or uncertainties materialize, actual results could vary materially from those anticipated, estimated, or projected.  These risks and uncertainties include those discussed in our Annual Report on Form 10-K for the year ended March 31, 2024, our most recent Quarterly Report on Form 10-Q, and in our other filings with the Securities and Exchange Commission. These risks and uncertainties include: our reliance on a small number of significant customers; continued vertical integration by our customers; global shifts in sourcing customer requirements, the imposition of tariffs and other changes in international trade policies; shifts in the global supply and demand position for tobacco products; variation in our financial results due to growing conditions, customer indications and other factors; loss of confidence in us by our customers, farmers and other suppliers; migration of suppliers who have historically grown tobacco and from whom we have purchased tobacco toward growing other crops; risks related to our advancement of inputs to tobacco suppliers to be settled upon the suppliers delivering us unprocessed tobacco at the end of the growing season; risks that the tobacco we purchase directly from suppliers will not meet our customers’ quality and quantity requirements; weather and other environmental conditions that can affect the quantity and marketability of our inventory; international business risks, including unsettled political conditions, uncertainty in the enforcement of legal obligations, including the collection of accounts receivable, fraud risks, expropriation, import and export restrictions, exchange controls, inflationary economies, currency risks and risks related to the restrictions on repatriation of earnings or proceeds from liquidated assets of foreign subsidiaries; many of our operations are located in jurisdictions that pose a high risk of potential violations of the Foreign Corrupt Practices Act; risks and uncertainties related to geopolitical conflicts, including the conflicts in the Middle East and disruptions affecting Red Sea shipping; impacts of international sanctions on our ability to sell or source tobacco in certain regions; exposure to foreign tax regimes in which the rules are not clear, are not consistently applied and are subject to sudden change; fluctuations in foreign currency exchange and interest rates; competition with the other primary global independent leaf tobacco merchant and independent leaf merchants; disruption, failure or security breaches of our information technology systems and other cybersecurity risks; continued high inflation; regulations regarding environmental matters; risks related to our capital structure, including risks related to our significant debt and our ability to continue to finance our non-U.S. local operations with uncommitted short-term operating credit lines at the local level; our ability to continue to access capital markets to obtain long-term and short-term financing; potential failure of foreign banks in which our subsidiaries maintain deposits or the failure by such banks to transfer funds or honor withdrawals; the risk that, because our ability to generate cash depends on many factors beyond our control, we may be unable to generate the significant amount of cash required to service our indebtedness; our ability to refinance our current credit facilities at the same availability or at similar or reduced interest rates; failure to achieve our stated goals, which may adversely affect our liquidity; developments with respect to our liquidity needs and sources of liquidity; the volatility and disruption of global credit markets; failure by counterparties to derivative transactions to perform their obligations; increasing scrutiny and changing expectations from governments, as well as other stakeholders such as investors and customers, with respect to our environmental, social and governance policies, including sustainability policies; inherent risk of exposure to product liability claims, regulatory action and litigation facing our e-liquids business if its products are alleged to have caused significant loss, injury, or death; certain shareholders have the ability to exercise controlling influence on various corporate matters; reductions in demand for consumer tobacco products; risks and uncertainties related to pandemics or other widespread health crises and any related shipping constraints, labor shortages and supply-chain impacts; legislative and regulatory initiatives that may reduce consumption of consumer tobacco products and demand for our services and increase regulatory burdens on us or our customers; government actions that significantly affect the sourcing of tobacco, including governmental actions to identify and assess crop diversification initiatives and alternatives to leaf tobacco growing in countries whose economies depend upon tobacco production; governmental investigations into the Company’s business activities, including but not limited to, leaf tobacco industry buying and other payment practices; and impact of proposed regulations to prohibit the sale of cigarettes and certain other tobacco products in the United States other than low-nicotine versions of those products.  The Company does not undertake to update any forward-looking statements that we may make from time to time except to the extent required by law.

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SOURCE Pyxus International, Inc.

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Light AI Announces Closing of C$5,000,000 Secured Convertible Debenture Unit Financing

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7 minutes ago

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June 19, 2026

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, June 19, 2026 /CNW/ – Light AI Inc. (“Light AI” or the “Company”) (CBOE CA: ALGO) (FSE: OHC) (OTCQB: OHCFF), a digital healthcare technology company focused on developing artificial intelligence (“AI”) health diagnostic solutions, is pleased to announce that it has completed its previously announced private placement of secured convertible debenture units of the Company (the “Units”) at $1,000 per Unit for aggregate gross proceeds of $5,000,000 (the “Financing”) pursuant to an investment agreement (the “Investment Agreement”) with MV Capital LP (the “Investor”).

Pursuant to the Investment Agreement, the Investor subscribed for and purchased from the Company 5,000 Units. Each Unit is comprised of (i) a 12.0% secured convertible debenture of the Company in the principal amount equal to $1,000 (each, a “Convertible Debenture”) with interest compounded quarterly and payable on the earlier of the Maturity Date (as defined hereafter), prepayment or upon conversion and maturing 24 months from the closing of the Financing (the “Maturity Date”), and (ii) 8,000 common share purchase warrants (each, a “Warrant”) exercisable for 36 months from the closing of the Financing (the “Closing Date”) to purchase one common share of the Company (each, a “Warrant Share”) at an exercise price of $0.25 per Warrant Share, subject to adjustment in certain events.

Each Convertible Debenture allows the Investor to convert the outstanding principal thereof into common shares of the Company (the “Debenture Shares”) at a price of $0.125 per Debenture Share (the “Conversion Price”) at the option of the Investor at any time prior to the earlier of (i) the Maturity Date; and (ii) the business day immediately preceding the date specified for prepayment of the Convertible Debenture, subject to acceleration in certain events. The Company may elect to pay any accrued and unpaid interest in either (i) cash, (ii) common shares of the Company (the “Common Shares”) at the Conversion Price, subject to the approval of Cboe Canada Inc. (the “Exchange”), or (iii) any combination of the foregoing. The Convertible Debentures will be secured by a security interest over all present and after-acquired property and assets of the Company.

The Investor has agreed not to convert any Convertible Debenture or exercise any Warrants if doing so would result in the Investor holding greater than 19.9% of the issued and outstanding Common Shares, without the Company obtaining the requisite approval of its shareholders and the Exchange.

The Convertible Debentures, the Warrants, the Conversion Shares and Warrant Shares are subject to a statutory hold period of four months and one day from the closing date in accordance with applicable Canadian securities laws.

The proceeds of the Financing will be used for general working capital purposes, and to support ISO 13485/QMS audit completion and Health Canada registration submission.

In connection with the Financing, the Company and the Investor have entered into an investor rights agreement (the “Investor Rights Agreement”), which includes the following key elements:

The Investor will have the right to participate in future financings of the Company to maintain its pro rata percentage of Common Shares following the completion the Financing; andThe Investor shall have the right to nominate one member to the board of directors of the Company.

The Investor Rights Agreement shall terminate on the earlier of: (i) the closing of any take-over bid of the Company, acquisition, arrangement, amalgamation, merger or other similar business combination transaction involving the Company; and (ii) the later of either of the following: (A) the date the Investor no longer maintains at least a 10% equity interest in the Company, and (B) the date on which the principal amount of the Convertible Debenture owed to the Investor is less than $250,000.

About Light AI Inc. (CBOE CA: ALGO / FSE: OHC / OTCQB: OHCFF)

Light AI Inc. is a technology company focused on developing artificial intelligence health screening and diagnostic solutions. Light AI QuickScan™ is a technology platform which represents the next generation of patient management: it applies AI algorithms to compatible smart device images, starting with images of Strep A and anticipated expansion with other medical conditions, to identify the disease in seconds. Its patented, app-based solution requires no swabs, lab tests or proprietary hardware of any kind as its computing platform includes the 4.5 billion smartphones that exist in the world today. Light AI is at the forefront of developing innovative screening and diagnostic solutions aimed at improving healthcare delivery worldwide. Their cutting-edge AI powered technology offers rapid, accurate, and cost-effective screening and diagnostic tools designed to address critical healthcare challenges.

In pre-FDA validation studies, Light AI’s algorithm demonstrated remarkable accuracy in differentiating between viral and bacterial pharyngitis, specifically targeting Group A Streptococcus (“GAS”). The algorithm achieved a 96.57% accuracy rate and attained a Negative Predictive Value of 100%, indicating its high reliability in confirming the absence of Streptococcus A infection. Viral and GAS pharyngitis affects over 600 million people annually worldwide. If left untreated, GAS pharyngitis can lead to serious complications such as Rheumatic Heart Disease (“RHD”), which imposes a global economic burden exceeding $1 trillion annually. Light AI’s technology offers a significant advancement in the accurate and timely identification of GAS pharyngitis, potentially reducing the incidence of RHD and its associated costs. Light AI’s approach to applying AI to smart device images can be expanded to other medical conditions, as well as other areas of analysis. Light AI’s vision is to combine the Light AI QuickScan™ software platform with AI in-the-Cloud to create a Digital Clinical Lab that provides quick and accessible diagnosis for countless conditions that today require expensive and time-consuming imaging or lab processes.

ON BEHALF OF THE COMPANY

“John R. Luna”
Chief Executive Officer
Telephone: 1-(888) 804-9459
Email: jluna@light.ai

For more information, please contact the Company at investors@light.ai or visit https://light.ai/.

Website: https://light.ai/
LinkedIn: LinkedIn/company/Light AI 
X (Formerly Twitter): @lightaihealth

Forward-Looking Information:

This news release contains statements and information that, to the extent that they are not historical fact, constitute “forward-looking information” within the meaning of applicable securities legislation, including statements relating to the use of proceeds of the Financing, the anticipated appointment of a board nominee of the Investor, and the advancement of the Company’s ISO 13485/QMS audit and Health Canada registration. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, but not limited to, statements relating to the Company’s financial performance, business development, results of operations, and those listed in filings made by the Company with the Canadian securities regulatory authorities (which may be viewed at www.sedarplus.ca). Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws.

SOURCE Light AI Inc.

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EasySpanishTax.com Launches Simple DIY Modelo 210 Filing Solution for Non-Resident Property Owners in Spain

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7 minutes ago

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June 19, 2026

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Founder Björn Ingbrant introduces a faster, easier and more affordable way for foreign property owners to meet their Spanish tax obligations online.

MANILVA, Spain, June 19, 2026 /PRNewswire/ — The EasySpanishTax.com has launched a practical online solution designed to help non-resident property owners in Spain file their annual Modelo 210 tax declaration quickly, easily and at a lower cost.

Created by founder and developer Björn Ingbrant, EasySpanishTax.com is built specifically for international property owners who want to manage their Spanish non-resident tax obligations without unnecessary complexity, delays or high professional fees.

Modelo 210 is a tax declaration required for non-resident property owners in Spain, including owners who use their property privately, rent it out, or keep it as a holiday home. For many foreign owners, the process has traditionally felt difficult and confusing, often requiring external assistance.

EasySpanishTax.com has been developed to change that.

“Many non-resident owners are fully capable of completing their Modelo 210 declaration themselves when the process is explained clearly,” says Björn Ingbrant, founder of EasySpanishTax.com. “Our goal is to make Spanish property tax filing simple, transparent and affordable.”

The platform guides users through the filing process step by step. Property owners enter the required information online, create an account and can manage their declarations in one secure place. The service is designed to save time, reduce costs and make annual tax filing more accessible for owners living abroad.

According to Ingbrant, the need for a simplified solution became clear after years of working with international property owners in Spain.

“Many owners were paying high fees every year for a declaration that could be made much easier with the right digital system,” he explains. “We wanted to create a platform where the owner remains in control, the process is faster, and the cost is reasonable.”

In addition to Modelo 210 filing, EasySpanishTax.com has introduced a property document storage feature for registered users. This allows clients to upload and store important property documents directly in their account, including title deeds, NIE certificates, passport copies, home insurance policies, water and electricity contracts, IBI tax receipts, community documents and previous tax declarations.

The new feature transforms the platform into more than a tax filing service. It gives property owners a central digital hub for managing key documents related to their Spanish property.

“For non-resident owners, having all property documents in one place is extremely useful,” says Ingbrant. “Whether they need a document for a future tax declaration, a lawyer, a bank, an insurance company or a property sale, everything can be stored and accessed from one account.”

EasySpanishTax.com is aimed at holiday home owners, second-home owners, retirees, investors and landlords who own property in Spain but live abroad. The platform is especially useful for owners in the UK, Ireland, Sweden, Norway, Denmark, Germany, France, Belgium, the Netherlands and other countries with a high number of Spanish property owners.

The company’s mission is to make Spanish property administration easier for non-residents by combining simple online tax filing with practical document management.

“Owning a property in Spain should be enjoyable,” says Ingbrant. “Tax filing and paperwork should not be a source of stress. EasySpanishTax.com is designed to give owners a simple, affordable and reliable way to stay organised and compliant.”

About EasySpanishTax.com

EasySpanishTax.com is an online platform created for non-resident property owners in Spain. The website helps users prepare and file Modelo 210 tax declarations through a simple do-it-yourself process. The users can also store and manage important property-related documents in their personal account, making EasySpanishTax.com a practical administration hub for Spanish property owners living abroad.

The platform is owned by the real estate company Enova Estates S.L. in Manilva, Costa del Sol, Spain.

Contact:
Enova Estates SL
Björn Ingbrant
***@enovaestates.com

Photo(s):
https://www.prlog.org/13153344

Press release distributed by PRLog

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SOURCE Enova Estates

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Geographic Solutions Named in the Top 100 for the North America Inspiring Workplaces Awards

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June 19, 2026

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PALM HARBOR, Fla., June 19, 2026 /PRNewswire/ — Geographic Solutions, the nation’s leading provider of workforce development software for state and local government agencies, is proud to announce that it has been named in the Top 100 for the 2026 North America Inspiring Workplaces Awards for the third consecutive year.

The Inspiring Workplaces Awards recognize organizations that prioritize their people by fostering a culture built on trust, purpose, and belonging. These are more than just great places to work – they are environments where individuals are encouraged to grow and succeed. This year’s winners represent a diverse range of organizations that are redefining what it means to put employees first in today’s complex and rapidly evolving workplace.

“Achieving Top 100 Inspiring Workplaces winner status for the third year in a row is a testament to the culture we’ve built together,” said Paul Toomey, President and Founder of Geographic Solutions. “This recognition reflects our ongoing commitment to empowering employees, fostering inclusion, and ensuring every team member has the opportunity to thrive.”

Independent judges recognized the company’s strong core values, intentional approach to growth, and ability to maintain a flourishing culture. Judges also highlighted impressive employee retention, commitment to diverse hiring practices, and leadership representation, underscoring continued focus on building an inclusive, values-driven workplace. 

In 2024 and 2025, Geographic Solutions was named in the Top 50 North America Inspiring Workplaces Awards and received recognition in the Culture and Purpose category. In 2024, Geographic Solutions was named to the Top 50 of the Top 100 Global Inspiring Workplaces Awards, standing out as one of the few North America–based organizations recognized at the global level.

For more information on this achievement, visit www.inspiring-workplaces.com/company/geographic-solutions.

About Geographic Solutions

Geographic Solutions is the nation’s leading provider of integrated software for state and local workforce agencies, serving more than 40 states and U.S. territories. The company’s online platforms support all federally funded workforce and partner programs, including WIOA, labor exchange, labor market information, education, reentry, human services, and unemployment insurance. Geographic Solutions’ software is currently being utilized by over 1,100 American Job Centers and is accessible to over 211 million individuals across the country. For more information, visit www.geographicsolutions.com

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SOURCE Geographic Solutions, Inc.

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