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Veralto Reports First Quarter 2026 Results

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WALTHAM, Mass., April 28, 2026 /PRNewswire/ — Veralto (NYSE: VLTO) (the “Company”), a global leader in essential water and product quality solutions dedicated to Safeguarding the World’s Most Vital Resources™, announced results for the first quarter ended April 3, 2026.

Key First Quarter 2026 Results:

Sales increased 6.7% year-over-year to $1,422 million, with non-GAAP core sales growth of 1.9%Operating profit margin was 23.8% and non-GAAP adjusted operating profit margin was 25.1%Net earnings were $254 million, or $1.02 per diluted common shareNon-GAAP, adjusted net earnings were $266 million, or $1.07 per diluted common shareOperating cash flow was $182 million and non-GAAP free cash flow was $170 millionCapital allocation of ~$1 billion year-to-date:Completed strategic acquisitions of In-Situ and GlobalVision(1) for ~$620 millionRepurchased $300 million shares, or 1.3% of outstanding shares(2)Initiated cost optimization program(1) to streamline business processes and enhance operating efficiency:Expect to incur a charge of $85 to $105 million and yield annual savings of $65 to $75 million by 2028

“We are off to a strong start in 2026, reflecting the effectiveness of the Veralto Enterprise System, the essential role of our products and services in customers’ operations, and the resilience of our end markets,” said Jennifer L. Honeycutt, President and Chief Executive Officer.  “In the first quarter, we delivered approximately 7% sales growth and 13% adjusted earnings per share growth while continuing to invest in commercial execution, productivity and innovation.”

“Thus far this year, we have invested approximately $1 billion on strategic acquisitions and opportunistic share repurchases.  Additionally, we initiated a new cost optimization program designed to enhance operating efficiency and further strengthen our competitive position.  These actions underscore the strength of our free cash flow profile, our continuous improvement mindset and our ability to create shareholder value through multiple, disciplined levers,” Honeycutt added.  “Going forward, our balance sheet remains strong, providing flexibility to pursue additional acquisitions and share repurchases.”

“Looking ahead, we expect core sales growth to accelerate as the year progresses.  Reflecting this momentum and our strong first quarter, we raised our full‑year adjusted earnings per share guidance to a range of $4.20 to $4.28 per share,” concluded Honeycutt.

(1)

Indicates subsequent event that occurred after the first quarter

(2)

1.3% is calculated off the Company’s outstanding shares as of February 13, 2026

2026 Guidance

The Company provides forecasted sales guidance on a non-GAAP basis because of the difficulty in estimating the other components of GAAP sales, such as currency translation, acquisitions, and divestitures. 

For the second quarter of 2026, Veralto anticipates non-GAAP core sales growth in the range of 3.0% to 4.0% year-over-year with adjusted operating profit margin of approximately 23.5%, or flat to the prior year period, and adjusted diluted earnings per share in the range of $0.96 to $1.00 per share.

For the full year 2026, the Company anticipates non-GAAP core sales growth in the range of 3.0% to 4.5% year-over-year with adjusted operating profit margin expansion of approximately 25 basis points.  The Company raised its guidance for adjusted diluted earnings per share to a range of $4.20 to $4.28, up from the prior guidance range of $4.10 to $4.20 per share.  Guidance for free cash flow conversion was increased to approximately 100% of GAAP net earnings.

Conference Call and Webcast Information

Veralto will webcast its first quarter 2026 earnings conference call tomorrow starting at 7:30 a.m. (ET).  Access to the webcast, slide presentation and prepared remarks will be available on the “Investors” section of Veralto’s website, www.veralto.com, under the subheading “News & Events” and additional materials will be posted to the same section of Veralto’s website.  A replay of the webcast will be available in the same section of Veralto’s website shortly after the conclusion of the call and will remain available until the next quarterly earnings call.

The conference call can be accessed by dialing +1 (800) 343-4849 (U.S.) or +1 (203) 518-9848 (INTL) (Conference ID:  VLTO1Q26).  A replay of the conference call will be available shortly after the conclusion of the call and until May 8, 2026.  You can access the replay dial-in information on the “Investors” section of Veralto’s website under the subheading “News & Events.”

For more information about the acquisitions referenced in this new release, please visit:
In-Situ Acquisition
GlobalVision Acquisition

ABOUT VERALTO

With annual sales of approximately $5.5 billion, Veralto is a global leader in essential technology solutions with a proven track record of solving some of the most complex challenges we face as a society.  Our industry-leading companies with globally recognized brands help billions of people around the world access clean water, safe food and trusted essential goods.  Headquartered in Waltham, Massachusetts, our global team of approximately 17,000 associates is committed to making an enduring positive impact on our world and united by a powerful purpose: Safeguarding the World’s Most Vital Resources™.

NON-GAAP MEASURES AND SUPPLEMENTAL MATERIALS

In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings release also contains non-GAAP financial measures.  Calculations of these measures, the reasons why we believe these measures provide useful information to investors, a reconciliation of these measures to the most directly comparable GAAP measures, as applicable, and other information relating to these non-GAAP measures are included in the supplemental reconciliation schedule attached.

In addition, this earnings release, the slide presentation accompanying the related earnings call, non-GAAP reconciliations and a note containing details of historical and anticipated, future financial performance have been posted to the “Investors” section of Veralto’s website (www.veralto.com) under the subheading “Quarterly Earnings.”

FORWARD-LOOKING STATEMENTS

Certain statements in this release, including the statement regarding the Company’s anticipated second quarter and full year 2026 financial performance, the Company’s differentiation and positioning to continue delivering sustainable, long-term shareholder value and any other statements regarding events or developments that we believe or anticipate will or may occur in the future are “forward-looking” statements within the meaning of the federal securities laws.  All statements other than historical factual information are forward-looking statements, including, without limitation, statements regarding: projections of revenue, expenses, profit, profit margins, asset values, pricing, tax rates, tax provisions, cash flows, pension and benefit obligations and funding requirements, Veralto’s liquidity position or other projected financial measures; Veralto’s management’s plans and strategies for future operations, including statements relating to anticipated operating performance, customer demand, cost reductions, restructuring activities, new product and service developments, competitive strengths or market position, acquisitions and the integration thereof, divestitures, spin-offs, split-offs, initial public offerings, other securities offerings or other distributions, strategic opportunities, stock repurchases, dividends and executive compensation; growth, declines and other trends in markets Veralto sells into, the impact of global trade policies, tariffs, restrictions on imports, related countermeasures and reciprocal tariffs; future new or modified laws, regulations, accounting pronouncements or public policy changes; regulatory approvals and the timing and conditionality thereof; outstanding claims, legal proceedings, tax audits and assessments and other contingent liabilities; future foreign currency exchange rates and fluctuations in those rates; results of operations and/or financial condition; general economic and capital markets conditions; the anticipated timing of any of the foregoing; assumptions underlying any of the foregoing; and any other statements that address events or developments that Veralto intends or believes will or may occur in the future. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in our SEC filings.  These forward-looking statements speak only as of the date of this release and except to the extent required by applicable law, the Company does not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise.

VERALTO CORPORATION
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
($ and shares in millions, except per share amounts)
(unaudited)

Three-Month Period Ended

April 3, 2026

April 4, 2025

Sales

$        1,422

$            1,332

Cost of sales

(568)

(527)

Gross profit

854

805

Operating costs:

Selling, general and administrative expenses

(448)

(419)

Research and development expenses

(68)

(64)

Operating profit

338

322

Nonoperating income (expense):

Other income (expense), net

7

(6)

Interest expense, net

(24)

(27)

Earnings before income taxes

321

289

Income taxes

(67)

(64)

Net earnings

$          254

$               225

Net earnings per common share:

Basic

$          1.03

$              0.91

Diluted

$          1.02

$              0.90

Average common stock and common equivalent shares outstanding:

Basic

247.6

247.9

Diluted

249.2

250.1

This information is presented for reference only.

 

VERALTO CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

Reconciliation of GAAP to Non-GAAP Financial Measures
($ in millions)

Three-Month Period Ended April 3, 2026

Sales

Operating profit

Operating
profit margin

Net earnings for
calculation of
diluted net
earnings per
common share

Diluted net
earnings per
common share

Reported (GAAP)

$     1,422

$        338

23.8 %

$             254

$        1.02

Amortization of acquisition-related intangible assets A

—

13

0.9

13

0.05

Fair value (gain) loss on investments B

—

—

—

(7)

(0.03)

Other items C

—

5

0.4

5

0.02

Amortization of inventory step-up D

—

1

0.1

1

—

Tax effect of the above adjustments F

—

—

—

(1)

—

Discrete tax adjustments G

—

—

—

1

—

Rounding

—

—

(0.1)

—

0.01

Adjusted (Non-GAAP)

$     1,422

$        357

25.1 %

$             266

$        1.07

Three-Month Period Ended April 4, 2025

Sales

Operating profit

Operating profit margin

Net earnings for
calculation of
diluted net
earnings per
common share

Diluted net
earnings per
common share

Reported (GAAP)

$     1,332

$        322

24.2 %

$             225

$        0.90

Amortization of acquisition-related intangible assets A

—

9

0.7

9

0.04

Other items C

—

2

0.2

2

0.01

Loss on disposition of certain product lines E

—

—

—

6

0.02

Tax effect of the above adjustments F

—

—

—

(3)

(0.01)

Discrete tax adjustments G

—

—

—

(2)

(0.01)

Rounding

—

—

(0.1)

—

—

Adjusted (Non-GAAP)

$     1,332

$        333

25.0 %

$             237

$        0.95

 

VERALTO CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

Notes to Reconciliation of GAAP to Non-GAAP Financial Measures
($ in millions)

A

Amortization of acquisition-related intangible assets in the following historical periods (only the pretax amounts set forth below are reflected in the amortization line item above):

Three-Month Period Ended

April 3, 2026

April 4, 2025

Pretax

$            13

$                  9

After-tax

10

7

B 

Fair value gain from the step acquisition of our previously held minority ownership interest in In-Situ during the three-month period ended April 3, 2026 ($7 million pretax as reported in this line item, $5 million after-tax).

C 

Costs incurred during the three-month periods ended April 3, 2026 and April 4, 2025 related to certain strategic initiatives, including transaction costs related to the acquisitions of In-Situ and GlobalVision during the three-month period ended April 3, 2026 ($5 million and $2 million pretax as reported in this line item, $5 million and $1 million after-tax, respectively).

D 

Amortization of the acquisition-related fair value adjustment to inventory related to the acquisition of In-Situ.

E 

Loss on the disposition of certain product lines in the three-month period ended April 4, 2025 ($6 million pretax and after-tax as reported in this line item).

F 

This line item reflects the aggregate tax effect of all nontax adjustments reflected in the preceding line items of the table.  In addition, the footnotes above indicate the after-tax amount of each individual adjustment item.  Veralto estimates the tax effect of each adjustment item by applying Veralto’s overall estimated effective tax rate to the pretax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.

G 

Discrete tax matters relate to changes in estimates associated with prior period uncertain tax positions, audit settlements and excess tax benefits from stock-based compensation.

 

VERALTO CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

Sales Growth by Segment, Core Sales Growth by Segment

% Change Three-Month Period Ended April 3, 2026 vs.
Comparable 2025 Period

Segments

Total Company

Water Quality

Product Quality and
Innovation

Total sales growth (GAAP)

6.7 %

10.1 %

1.7 %

Impact of:

Acquisitions/divestitures

(1.3) %

(3.0) %

1.3 %

Currency exchange rates

(3.5) %

(3.3) %

(4.0) %

Core sales growth (decline) (non-GAAP)

1.9 %

3.8 %

(1.0) %

VERALTO CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

Forecasted Core Sales Growth, Adjusted Operating Profit Margin, Adjusted Diluted Net Earnings per Share and Free Cash Flow to Net Earnings Conversion Ratio

The Company provides forecasted sales only on a non-GAAP basis because of the difficulty in estimating the other components of GAAP revenue, such as currency translation, acquisitions and divested product lines.  Additionally, we do not reconcile adjusted operating profit margin (or components thereof), adjusted diluted earnings per share or free cash flow to net earnings conversion ratio to the comparable GAAP measures because of the difficulty in estimating the other unknown components such as investment gains and losses, impairments and separation costs, which would be reflected in any forecasted GAAP operating profit, forecasted diluted earnings per share or forecasted net earnings ratio.

% Change Three-Month Period
Ending July 3, 2026 vs.
Comparable 2025 Period

Core sales growth (non-GAAP)

+3.0% to 4.0%

Three-Month Period Ending
July 3, 2026

Adjusted Operating Profit Margin (non-GAAP)

~23.5%

Adjusted Diluted Net Earnings per Share (non-GAAP)

$0.96 to $1.00

% Change Year Ending
December 31, 2026 vs.
Comparable 2025 Period

Core sales growth (non-GAAP)

+3.0% to 4.5%

Year Ending
December 31, 2026

Adjusted Operating Profit Margin (non-GAAP)

+25 basis points

Adjusted Diluted Net Earnings per Share (non-GAAP)

$4.20 to $4.28

Free cash flow to net earnings conversion ratio (non-GAAP)

~100%

 

VERALTO CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

Cash Flow and Free Cash Flow 
($ in millions)

Three-Month Period Ended

Year-over-Year Change

April 3, 2026

April 4, 2025

Total Cash Flows (GAAP):

Net cash provided by operating activities (GAAP)

$          182

$               157

Total cash used in investing activities (GAAP)

$         (439)

$               (11)

Total cash used in financing activities (GAAP)

$         (332)

$               (26)

Free Cash Flow (non-GAAP):

Total cash provided by operating activities (GAAP)

$          182

$               157

 ~ 16.0 %

Less: payments for additions to property, plant & equipment (capital expenditures) (GAAP)

(12)

(15)

Free cash flow (non-GAAP)

$          170

$               142

 ~ 19.5 %

 

Free Cash Flow Margin
($ in millions)

Three-Month Period Ended

April 3, 2026

December 31, 2025

October 3, 2025

July 4, 2025

Free Cash Flow Margin (non-GAAP)

Free Cash Flow (non-GAAP)

$          170

$              291

$           258

$           323

Sales (GAAP)

$       1,422

$           1,396

$        1,404

$        1,371

Trailing Twelve Month Free Cash Flow (non-GAAP)

$       1,042

Trailing Twelve Month Sales (GAAP)

$       5,593

Free Cash Flow Margin (non-GAAP)

18.6 %

We define free cash flow as operating cash flows, less payments for additions to property, plant and equipment (“capital expenditures”) plus the proceeds from sales of property, plant and equipment (“capital disposals”).   

Statement Regarding Non-GAAP Measures

Each of the non-GAAP measures set forth above should be considered in addition to, and not as a replacement for or superior to, the comparable GAAP measure, and may not be comparable to similarly titled measures reported by other companies.  Management believes that these measures provide useful information to investors by offering additional ways of viewing Veralto Corporation’s (“Veralto” or the “Company”) results that, when reconciled to the corresponding GAAP measure, help our investors:

with respect to the profitability-related non-GAAP measures, understand the long-term profitability trends of our business and compare our profitability to prior and future periods and to our peers;

with respect to core sales and related sales measures, identify underlying growth trends in our business and compare our sales performance with prior and future periods and to our peers; and

with respect to free cash flow and related cash flow measures (the “FCF Measure”), understand Veralto’s ability to generate cash without external financings, strengthen its balance sheet, invest in its business and grow its business through acquisitions and other strategic opportunities (although a limitation of free cash flow is that it does not take into account the Company’s non-discretionary expenditures, and as a result the entire free cash flow amount is not necessarily available for discretionary expenditures).

Management uses these non-GAAP measures to measure the Company’s operating and financial performance.

The items excluded from the non-GAAP measures set forth above have been excluded for the following reasons:

Amortization of Intangible Assets:  We exclude the amortization of acquisition-related intangible assets because the amount and timing of such charges are significantly impacted by the timing, size, number and nature of the acquisitions we consummate.  While we have a history of significant acquisition activity, we do not acquire businesses on a predictable cycle, and the amount of an acquisition’s purchase price allocated to intangible assets and related amortization term are unique to each acquisition and can vary significantly from acquisition to acquisition.  Exclusion of this amortization expense facilitates more consistent comparisons of operating results over time between our newly acquired and long-held businesses, and with both acquisitive and non-acquisitive peer companies.  We believe however that it is important for investors to understand that such intangible assets contribute to sales generation and that intangible asset amortization related to past acquisitions will recur in future periods until such intangible assets have been fully amortized. 

Restructuring Charges:  We exclude costs incurred pursuant to discrete restructuring plans that are fundamentally different (in terms of the size, strategic nature and planning requirements, as well as the inconsistent frequency, of such plans) from the ongoing productivity improvements that result from application of the Veralto Enterprise System.  Because these restructuring plans are incremental to the core activities that arise in the ordinary course of our business and we believe are not indicative of Veralto’s ongoing operating costs in a given period, we exclude these costs to facilitate a more consistent comparison of operating results over time.

Other Adjustments:  With respect to the other items excluded from the profitability-related non-GAAP measures, we exclude these items because they are of a nature and/or size that occur with inconsistent frequency, occur for reasons that may be unrelated to Veralto’s commercial performance during the period and/or we believe that such items may obscure underlying business trends and make comparisons of long-term performance difficult.

With respect to core operating profit margin changes, in addition to the explanation set forth in the bullets above relating to “restructuring charges” and “other adjustments”, we exclude the impact of businesses owned for less than one year (or disposed of during such period and not treated as discontinued operations) because the timing, size, number and nature of such transactions can vary significantly from period to period and may obscure underlying business trends and make comparisons of long-term performance difficult.

With respect to core sales related measures, (1) we exclude the impact of currency translation because it is not under management’s control, is subject to volatility and can obscure underlying business trends, and (2) we exclude the effect of acquisitions and divested product lines because the timing, size, number and nature of such transactions can vary significantly from period-to-period and between us and our peers, which we believe may obscure underlying business trends and make comparisons of long-term performance difficult.

With respect to the FCF Measure, we exclude payments for additions to property, plant and equipment (net of the proceeds from capital disposals) to demonstrate the amount of operating cash flow for the period that remains after accounting for the Company’s capital expenditure requirements.

 

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Technology

Vaultzy and Miracle University Pilot Demonstrates AI-Powered Document Management for Students. Expansion Planned for California Foster Youth Programs

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June 19, 2026

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A successful student pilot demonstrates how secure digital records and AI guidance can help them access education, employment, housing, and life opportunities

SACRAMENTO, Calif., June 19, 2026 /PRNewswire-PRWeb/ — Vaultzy, an AI-powered document management and life assistant platform, today announced the successful completion of a pilot with Miracle University, demonstrating how secure digital records and intelligent guidance can help students overcome barriers to education, employment, and economic mobility.

California State Treasurer Fiona Ma, CPA, noted, “Never expired. Never lost. Your vital documents, all in one secure place.”

For many students, particularly those facing economic hardship or life disruptions, lost identification, unavailable transcripts, and scattered paperwork can delay enrollment, employment, housing applications, financial aid, and access to public services. Vaultzy was created to address this challenge by providing a secure, user-controlled platform for lifelong document management.

Beyond document storage, Vaultzy recently launched the first version of its AI-powered Life Agent. The platform allows users to interact with their personal records and receive guidance related to major life transitions. By understanding what documents a user has available, the Life Agent can help identify requirements and next steps for education, employment, healthcare, government services, financial planning, and other important milestones.

The pilot was conducted in partnership with Miracle University, a Sacramento-based nonprofit organization dedicated to helping students who have left the traditional education system earn their high school diplomas and achieve academic and career success. The initiative focused on helping students digitize, organize, and securely manage their most important records while introducing them to emerging technologies that can support their long-term success.

“Our mission is to help students overcome barriers and unlock their full potential,” said Dr. Kadhir Raja, Founder of Miracle University. “Students need access to their documents, confidence in managing important life transitions, and guidance on what comes next. Vaultzy helps bring all of these together, empowering students to navigate education, employment, housing, and other life opportunities with greater confidence and independence.”

The pilot demonstrated the importance of giving individuals lifelong access to trusted records while providing the tools and guidance needed to use them effectively. As California State Treasurer Fiona Ma, CPA, noted, “Never expired. Never lost. Your vital documents, all in one secure place.”

Looking ahead, Vaultzy plans to continue expanding its AI-powered capabilities. “We envision a future where every individual has a trusted AI companion that not only safeguards their records but also helps guide them through life’s most important transitions,” said Avanti Ramraj, Co-Founder and Chief Product Officer of Vaultzy.

The success of the Miracle University pilot is helping inform broader discussions with educational institutions, nonprofit organizations, financial institutions, and public-sector leaders interested in modernizing how individuals manage and access trusted records while receiving guidance through important life transitions. One of the most promising opportunities is the potential application of Vaultzy within programs serving foster youth, seniors, and other underserved populations.

About Vaultzy

Vaultzy is an AI-powered document management and life assistant platform that helps individuals securely store, manage, and share important records throughout their lives. Combining secure document management, document intelligence, multilingual assistance, and agentic AI capabilities, Vaultzy is building the infrastructure for lifelong document ownership and trusted digital identity.

About Miracle University

Miracle University is a Sacramento-based nonprofit organization dedicated to helping students overcome educational barriers and achieve academic, personal, and professional success. Through mentorship, education, and community support, Miracle University equips students with the skills, confidence, and opportunities needed to transform their futures.

Media Contact
Anupriya Ramraj, Vaultzy, 1 510-255-0657, contact@vaultzy.ai, www.vaultzy.ai

Twitter, LinkedIn

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

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2 hours 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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Technology

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

Published

2 hours ago

on

June 19, 2026

By

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

View original content:https://www.prnewswire.com/news-releases/easyspanishtaxcom-launches-simple-diy-modelo-210-filing-solution-for-non-resident-property-owners-in-spain-302805652.html

SOURCE Enova Estates

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