Technology

OpenText Announces Pricing Terms and Results of Cash Tender Offer

Published

2 hours ago

September 30, 2026

WATERLOO, ON, Sept. 30, 2026 /CNW/ — Open Text Corporation (“OpenText” or the “Company”) (NASDAQ: OTEX), (TSX: OTEX) today announced the pricing terms and results of its previously announced tender offer (the “Tender Offer”) to purchase for cash up to $300,000,000 aggregate principal amount of its outstanding 3.875% Senior Notes due 2028 (the “Bonds”) (subject to increase or decrease by the Company, the “Aggregate Maximum Tender Amount”), upon the terms and subject to the conditions set forth in the Offer to Purchase, dated September 23, 2026, as amended by the Company’s press release dated September 25, 2026 (the “Offer to Purchase”).

The “Tender Offer Consideration” for each $1,000 principal amount of the Bonds validly tendered and accepted for purchase pursuant to the Tender Offer was determined by reference to the fixed spread over the yield to maturity based on the bid side price of the reference U.S. Treasury Security as specified below, and will be payable to the registered holders (“Holders”) of the Bonds who validly tendered and did not validly withdraw their Bonds at or before 5:00 p.m., New York City time, on September 30, 2026 and whose Bonds are accepted for purchase by the Company. The reference yield (as determined pursuant to the Offer to Purchase) was determined at 3:00 p.m., New York City time, today, September 30, 2026, by the Dealer Managers (as defined below).

Payments for the Bonds purchased will include accrued and unpaid interest from and including the last interest payment date applicable to the Bonds up to, but not including, the settlement date for the Bonds accepted for purchase. The settlement date for the Bonds validly tendered on or prior to 5:00 p.m., New York City time, on September 30, 2026 (the “Expiration Date”) is expected to be October 2, 2026, two business days following the Expiration Date.

According to information received from Global Bondholder Services Corporation, the tender and information agent for the Tender Offer (the “Tender and Information Agent”), as of the Expiration Date, the Company had received valid tenders from the Holders of the Bonds that were not validly withdrawn as set forth in the table below.

Title of
Bonds

CUSIP/ISIN
Numbers1

Aggregate
Maximum
Tender
Amount

Principal
Amount
Tendered

Reference
U.S.
Treasury
Security

Fixed
Spread
(basis
points)

Reference
Yield

Tender Offer
Consideration2

3.875%
Senior
Notes due
2028

683715AC0
(144A) /
C69827AC4
(Reg S)

US683715AC05
(144A) /
USC69827AC45
(Reg S)

$300,000,000

$697,563,000

4.250% U.S.
Treasury due
February 15,
2028

+50

4.773‌%

$981.71

No representation is made as to the correctness or accuracy of the CUSIP/ISIN Numbers listed in this press release or printed on the Bonds. They are provided solely for the convenience of the Holders of the Bonds.For each $1,000 principal amount of Bonds validly tendered at or prior to the Expiration Date and accepted for purchase by the Company, which does not include accrued interest.

The Company will accept for payment the Aggregate Maximum Tender Amount of the validly tendered Bonds. The Bonds validly tendered will be subject to a proration factor of 43.047752%, with appropriate adjustments downward to the nearest $1,000 principal amount to avoid the purchases in principal amounts other than in integral multiples of $1,000.

Full details of the terms and conditions of the Tender Offer are described in the Offer to Purchase, which was sent by the Company to Holders of the Bonds. Holders of the Bonds are encouraged to read the Offer to Purchase as it contains important information regarding the Tender Offer.

As of the date of this press release, the Company expects to close its concurrent senior secured notes offering on October 1, 2026 and intends to use the net proceeds thereof, together with cash on hand, to fund, in the aggregate (i) the redemption in full of its outstanding 6.900% Senior Secured Notes due 2027 (the “2027 Notes”), including the payment of the applicable redemption premium, accrued and unpaid interest and related costs and expenses, and (ii) the consideration for any of the Bonds accepted for purchase in the Tender Offer, up to the Aggregate Maximum Tender Amount, plus accrued interest and related costs and expenses, both of which are expected to settle on October 2, 2026.

The Company has retained RBC Capital Markets, LLC and Citigroup Global Markets Inc. to serve as dealer managers (the “Dealer Managers”) for the Tender Offer. Global Bondholder Services Corporation has been retained to serve as the Tender and Information Agent for the Tender Offer. Questions regarding the Tender Offer may be directed to RBC Capital Markets, LLC, Attention: Liability Management Team, Phone: (212) 618-7843, Toll-Free: (877) 381-2099, Email: liability.management@rbccm.com, and Citigroup Global Markets Inc., Attention: Liability Management Group, Toll Free: (800) 558-3745, Collect: (212) 723-6106, Email: ny.liabilitymanagement@citi.com. Requests for the Offer to Purchase may be directed to Global Bondholder Services Corporation at (212) 430-3774 (for banks and brokers only) and (855) 654-2014 (for all others toll-free), and by email at contact@gbsc-usa.com. Additionally, copies of the Offer to Purchase are available at the following webpage: https://www.gbsc-usa.com/opentext/.

The Company is making the Tender Offer only by, and pursuant to, the terms of the Offer to Purchase. None of the Company, the Dealer Managers, or the Tender and Information Agent makes any recommendation as to whether Holders of the Bonds should tender or refrain from tendering their Bonds. Holders of the Bonds must consult their own investment and tax advisors and make their own decisions as to whether to tender their Bonds and, if so, the principal amount of the Bonds to tender. The Tender Offer is not being made to Holders of the Bonds in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offer to be made by a licensed broker or dealer, the Tender Offer will be deemed to be made on behalf of the Company by the Dealer Managers, or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any securities, including the senior secured notes, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The senior secured notes and the related guarantees were offered in the United States pursuant to Rule 144A (“Rule 144A”) and Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the “Securities Act”), and were not offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act), except to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act and to certain persons in offshore transactions in reliance on Regulation S under the Securities Act.

This press release shall not constitute a notice of redemption under the indenture governing the 2027 Notes, and the redemption is subject to the conditions set forth in the applicable notice of redemption, including the financing condition described therein. Such notice has been made only in accordance with the provisions of the indenture governing the 2027 Notes. There can be no assurances as to whether the redemption will be effected as described above.

OTEX-F

About OpenText

OpenText™ is a global leader in data management for enterprise AI, helping organizations protect, govern, and activate their data with confidence. Our technologies turn data into information with context to form the knowledge base for enterprise AI.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText’s current expectations, estimates, forecasts and projections including about the previously announced and priced concurrent senior secured notes offering, the conditional redemption and the Tender Offer, and the operating environment, economies and markets in which OpenText operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText’s assumptions, although considered reasonable by OpenText at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the Securities and Exchange Commission and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Open Text Corporation

Technology

CometAPI Delivers Unified Access to Frontier AI Models to Empower Developers

Published

10 minutes ago

October 1, 2026

CometAPIis a platform that platform brings multimodal models and newly released frontier APIs into a single OpenAI-compatible interface

LOS ANGELES, Sept. 30, 2026 /PRNewswire/ — As artificial intelligence moves rapidly from experimentation into production, developers are facing a new infrastructure challenge: the number of available AI models is growing faster than the tools and workflows needed to manage them.

Instead of working with a single model provider, modern AI teams increasingly need access to multiple large language models, image generators, video models, audio systems and specialized AI services. Each provider can introduce different APIs, authentication methods, SDKs, pricing structures and technical requirements. For developers, keeping pace with the model market can therefore mean spending significant engineering resources on integration and maintenance rather than product development.

CometAPI is positioning itself as an infrastructure layer designed to address that fragmentation. The platform provides a unified, OpenAI-compatible API through which developers can access more than 500 AI models, using a single API key and interface. According to CometAPI, the platform currently serves more than 10,000 active developers and provides average response times of less than 400 milliseconds and a 99.9% service uptime target.

Building AI Infrastructure Around Developers

The idea behind CometAPI is rooted in a problem that has become increasingly familiar to AI developers: model innovation is accelerating, but the underlying process of accessing those models remains fragmented.

CometAPI CEO Lee Sonic has described the motivation behind the platform in similarly practical terms. In a public statement about the company’s origins, Sonic said that he started CometAPI after becoming frustrated with the multiple registrations, incompatible APIs, credit-card requirements and billing dashboards involved in testing different AI models.

“As a developer, I was exhausted from dealing with fragmented AI tools,” Sonic wrote when describing the origins of CometAPI.

His broader argument is that AI infrastructure should absorb this complexity rather than transfer it to application developers. In another public post, Sonic described CometAPI not simply as an API aggregator, but as an infrastructure layer designed to make AI development less dependent on individual model providers.

That philosophy is reflected in the platform’s technical architecture. Developers can use a single CometAPI credential to access models from multiple providers and switch models by changing the model parameter rather than rebuilding an application’s entire integration layer.

For teams developing AI-powered SaaS products, coding assistants, automation systems, research applications and multimodal products, the model-agnostic approach can provide a way to evaluate different models according to quality, latency, availability and cost without maintaining an entirely separate integration for every provider.

CometAPI’s public platform currently highlights more than 500 AI models, more than 10,000 active developers, average response times below 400 milliseconds and 99.9% service availability. The company also states that its pricing can provide ongoing savings of approximately 20% to 40% compared with official provider pricing, depending on the model and usage.

The underlying proposition is straightforward: as the number of AI models continues to increase, developers need infrastructure that can absorb model complexity rather than add another layer of it.

Frontier Models and Full Multimodal Coverage, Led by GPT-6 Astra

CometAPI prioritizes rapid integration of the industry’s most capable models. Notably, the platform recently added OpenAI’s GPT-6 Astra (On September 5, 2026) , a flagship reasoning and computer-use model featuring a 1.05-million-token context window and strong performance on complex coding, research, and agentic workflows. Developers can access GPT-6 Astra through the same unified key and dashboard used for all other supported models, at rates approximately 20% below official OpenAI standard pricing for both short- and long-context usage.

Beyond text and reasoning, CometAPI provides comprehensive multimodal support, including image generation, video generation (such as Kling and Veo series), audio transcription and synthesis, and specialized tools. This breadth allows teams to build end-to-end pipelines—combining language models with vision, video, and speech—under a single credential and consistent interface. This model diversity is particularly relevant as AI applications become less dependent on a single “best” model. Different tasks can require different trade-offs. A model optimized for reasoning may not be the most economical option for high-volume classification, while a specialized image or video model may be better suited to a creative workflow.

Independent developers and engineering leaders have echoed the practical benefits. Leonid Dolgirev, SDE-2 of Servicenow, stated: “As developers, we really enjoy communicating with the CometAPI support team, and we would not want to switch to alternative API services.” Kevin, CEO of Bytewatchers, added: “We sincerely appreciate the CometAPI team for the excellent API support, partnership, and assistance—your help has enabled the successful use of API keys in the Claude Code setup and provided valuable second opinions, making you a fantastic partner.” Daniel Schweig, a developer working with Kindle Direct Publishing workflows, noted the desire to consolidate LLM and image traffic onto the platform because of competitive pricing and unified access.

Faster Model Integration and Lower API Costs

The speed of AI model releases is creating a new requirement for infrastructure providers: keeping up with the frontier.

For developers, a model announcement is only the beginning. The next steps are accessing the API, testing performance, evaluating costs, comparing results with existing models and determining whether the new capability can improve a production workflow.

CometAPI has built its product roadmap around this continuous integration cycle.

Cost is another part of the equation.

CometAPI currently promotes **20% to 40% ongoing cost savings** compared with official model pricing, with a pay-as-you-go model and no monthly subscription requirement. The company says its pricing advantage comes in part from its ability to aggregate large-scale model usage and pass pricing efficiencies to developers.

The distinction becomes increasingly important as AI moves into production. A model that costs only a few cents per interaction at prototype scale can represent a substantial operating expense when multiplied across millions of API calls. For AI agents, automated workflows and high-volume SaaS products, the ability to compare models and optimize the balance between performance and cost can become an important part of infrastructure management.

CometAPI therefore combines three elements within a single platform: access to a growing range of frontier and multimodal models, a common API layer for integration, and pricing designed to reduce the cost of model usage.

Users highly value the CometAPI platform, likely because it genuinely offers them greater convenience.

Neha Jain, a Senior ML Engineer at PayPal and former Microsoft SDE, said, “CometAPI aims to make models available as quickly as possible—ideally on day one—once stable access is ready. So, instead of the workflow: **new model → find a provider → set everything up → start testing**, the process becomes much closer to: **new model → change the model name → start testing**.” Kriti Jaiswal, an SDE-2 at ServiceNow, notes: “CometAPI places multiple models behind a single OpenAI-compatible API, making it easier to test routing strategies without the need to maintain separate integrations.”

About CometAPI

CometAPI is an AI infrastructure platform designed to provide reliable, controllable and scalable access to multiple AI models through a unified API layer. The platform provides developers and businesses with access to more than 500 AI models through a single API and credential, covering language, image, video and audio use cases. CometAPI is designed to reduce integration complexity, support flexible model selection and provide transparent cost and usage management for AI applications in production environments.

Media Contact

CometAPI
Email: support@cometapi.com
Official site: View here

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SOURCE CometAPI

Technology

Saber Healthcare Data Breach Investigation: Edelson Lechtzin LLP Probes Class Action Claims After Patient Data Is Exposed

Published

10 minutes ago

October 1, 2026

National class action law firm offers free, confidential case evaluations to Saber Healthcare residents, patients, employees, and others whose personal information may have been exposed.

BEACHWOOD, Ohio, Sept. 30, 2026 /PRNewswire/ — Edelson Lechtzin LLP, a national class action law firm, is investigating data privacy claims arising from a reported data breach at Saber Healthcare, an Ohio-based senior care provider. Anyone who received a breach notice, or who believes their information may have been exposed, can request a free case evaluation.

What Happened

Saber Healthcare — a Beachwood, Ohio provider of skilled nursing, long-term care, rehabilitation, assisted living, and memory care, with communities in five states — discovered unauthorized activity in its computer systems on July 27, 2026. The company reportedly secured its network and engaged a third-party forensic expert. That review confirmed that an unauthorized individual may have accessed personal information, and Saber Healthcare completed its assessment of the affected data on August 19, 2026. It posted notice to its website on or about September 25, 2026, and notified state regulators, including the South Carolina, Texas, and Vermont Attorneys General.

The company has reported at least 3,025 affected residents in South Carolina, 269 in Texas, and 25 in Vermont, with additional individuals affected nationwide. The full scope of the incident has not been publicly confirmed.

What Personal Information May Be at Risk

Based on public accounts and regulatory filings, the information involved varied by individual and may include:

Names and dates of birthSocial Security numbersDriver’s license, state ID, passport, and other government identification numbersHealth insurance information, medical records, and other medical informationFinancial account information, including credit and debit account informationBiometric information

Healthcare providers hold some of the most sensitive data a person has. Exposure of Social Security numbers, government identification, financial accounts, and protected health information heightens the risk of identity theft, medical identity theft, insurance fraud, and other misuse. Treat any breach notification seriously.

Who May Be Affected

The investigation focuses on Saber Healthcare residents, patients, current and former employees, and others whose personal information the company maintained. Anyone who received a notification connected to this incident may face an increased risk of identity theft and fraud.

Your Legal Options

Edelson Lechtzin LLP is investigating a potential class action on behalf of individuals whose data may have been compromised. A successful case could recover compensation for losses such as lost time, out-of-pocket costs, and loss of privacy, and could press Saber Healthcare to strengthen its data protection. The firm evaluates rights and potential claims at no cost.

Recommended Steps to Protect Yourself

Monitor your account statements, credit reports, and health insurance statements for suspicious activity.Confirm whether your information was involved in the incident and preserve any breach notices you received.If credit monitoring was offered, enroll before the deadline, and consider a fraud alert or security freeze with the three major credit bureaus.

Speak confidentially with a data privacy attorney: Marc Edelson, Esq., Edelson Lechtzin LLP, 411 S. State Street, Suite N-300, Newtown, PA 18940; Phone: 844-696-7492; Email: medelson@edelson-law.com; or click HERE to request a free consultation.

About Edelson Lechtzin LLP

Edelson Lechtzin LLP is a national class action law firm with offices in Pennsylvania and California. Beyond data breach litigation, the firm handles class and collective actions involving securities and investment fraud, antitrust violations, ERISA benefit plans, wage theft, and consumer fraud.

Media and Partnership Inquiries: Use the contact information above regarding interviews, co-counsel opportunities, and referral partnerships.

Legal Notice: This press release may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee a similar outcome. The reported data breach and certain details concerning it remain unconfirmed.

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SOURCE Edelson Lechtzin LLP

Technology

bolttech and Bold Penguin enter global strategic partnership

Published

10 minutes ago

October 1, 2026

Recognized insurtech leaders to develop joint commercial and personal lines offering, serving agents, insurers and embedded partnerships with a seamless digital experience

LAS VEGAS, Oct. 1, 2026 /PRNewswire/ — Today, award-winning AI-enabled insurance distribution platforms Bold Penguin and bolttech announce a global strategic partnership to create a joint commercial and personal lines offering for agents, insurers and embedded partnerships in the U.S., Europe and Asia. bolttech is a leading global insurtech operating in 39 countries and four continents, focused on innovative and AI-led insurance distribution. Bold Penguin focuses exclusively on commercial lines and operates the premiere distribution network and digital exchange with its advanced technology, innovative partnerships, and digital & AI solutions.

The global collaboration will support customers across personal and commercial lines distribution by bringing together complementary capabilities into a unified offering. Joining forces will leverage and accelerate both companies’ roadmaps, allowing each to deepen focus on their strengths while enabling customers to take full advantage of the connections and capabilities of the combined platforms.

Bold Penguin provides a commercial lines digital exchange, data & AI services through “DeX ai”, and an integrated commercial carrier network.bolttech provides access to insurance and protection services across commercial and personal lines, AI-enabled workflows, and global insurance distribution expertise.

Both companies bring unrivaled scale, expertise, innovation and R&D capabilities to the partnership.

Rob Schimek, Group Chief Executive Officer, bolttech said: “Bold Penguin is the leading commercial insurance distribution platform. Their submission automation, AI-powered underwriting workflows and commercial orchestration platform complement our technology capabilities, personal lines expertise, and insurance ecosystem globally. Together, we can deliver a more seamless, connected insurance experience for distribution partners and customers around the world.”

Peter B Settel, President and CEO, Bold Penguin said: “We have great awareness and respect for bolttech’s mission to address the global protection gap. The work Rob and team have done leading in embedded distribution and building the most globally scaled insurtech make them the perfect partner for us to join with and offer our shared customers truly unique options and solutions. While we expand globally, we will also now offer Bold Penguin’s US customers bolt’s personal lines solutions through a single interface.”

– Ends –

About Bold Penguin

Bold Penguin is a leading integrated digital solution platform dedicated to simplifying commercial insurance. Our technology makes the quote and bind process quick, effortless, and profitable for all parties – agents, brokers, and carriers. Bold Penguin’s innovative product suite has digitized and transformed a slow, manual process resulting in reduced costs, increased efficiency, and better overall outcomes.

For more information, please contact us or visit www.boldpenguin.com

About bolttech

bolttech is a global insurtech with a mission to build the world’s leading, technology-enabled ecosystem for protection and insurance. bolttech serves customers in 39 markets across Asia, Europe, North America, and Africa.

With a full suite of digital and data-driven capabilities, bolttech powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products.

For more information, please visit www.bolttech.io.

For more information about bolttech in North America (bolt), visit https://boltinc.com/

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