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The Boston Celtics are a behemoth of the East, but they have one big problem; their financial situation. Bleacher Report NBA insider Greg Swartz proposed three trade targets that could help the C’s get under the second luxury tax apron. The first trade proposal was for New Orleans Pelicans wing Javonte Green. He only costs a little over $2 million, and he averages 6.3 points per game and shoots 34% from three, which the Celtics love doing. The second proposal was for Chicago Bulls forward Torrey Craig. He also makes around $2.7 million, and provides good scoring, rebounding, and defense from off the bench. Finally, Utah Jazz guard Patty Mills was the last proposal. He has 98 games of playoff experience, making his presence a valued asset to the Celtics. Another thing these players have in common is they are all over 30. Minus Al Horford, Jrue Holiday, and technically Derrick White, the C’s have no players over 30. Bringing another 30-year-old in could give more veteran presence in for cheap could help the C’s in the long run. For now, the C’s will make do with their current team, and face off against the Miami Heat tonight at 7:30pm EST. MORE CELTICS CONTENT: Celtics' former 6MOTY gives classy answer about his feelings on getting traded Former NBA champion apologizes to Celtics superstar for not including him in more conversations Celtics possibly missing entire superstar cast in tonight's game vs Heat ESPN ranks Celtics' Big 3 as best in the NBA Former Celtics center drawing trade interest from multiple teamsGCET scopes out Weldon internet plans with $500K grantNoneMinnesota Timberwolves guard Anthony Edwards was fined $75,000 by the NBA for public criticism of officiating and using inappropriate and profane language, the league announced on Monday. Edwards made the remarks that drew the punishment following Minnesota's 113-103 home loss to the Golden State Warriors on Saturday. The 23-year-old playmaker, who helped the United States capture gold at the Paris Olympics, has averaged 25.6 points, 5.4 rebounds and 4.0 assists a game for the T-Wolves this season. Edwards used profanity in describing what he considered a poor performance from the referees, calling it "terrible" and saying he and teammate Julius Randle are penalized "for being stronger than our opponent every night. "We don't get no calls. That's how I feel about the officials every game we play." Edwards was whistled for four fouls against the Warriors and shot four free throws himself. At 14-13, the Timberwolves are 10th in the Western Conference, ahead of Phoenix on tie-breakers. js/mw
TORONTO, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Rivalry Corp. (the "Company" or "Rivalry") (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for digital-first players, is pleased to announce that it has closed the third tranche (the “Third Closing”) of its non-brokered private placement of units of the Company (the "Units"), previously announced on November 26, 2024 (the "Offering"). Under the Third Closing, the Company issued 2,231,253 Units at a price of $0.15 per Unit, for gross proceeds of $334,688. The Company may complete one or more additional closings, for aggregate gross proceeds (together with the proceeds raised under the initial closing, second closing and Third Closing) of up to approximately USD$3 million. Unless otherwise noted, all dollar figures are quoted in Canadian dollars. Each Unit is comprised of one (1) subordinate voting share in the capital of the Company (each, a "Subordinate Voting Share") and one-half of one (1/2) Subordinate Voting Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable into one Subordinate Voting Share in the capital of the Company (each, a "Warrant Share") at a price of $0.25 per Warrant Share for a period of 12 months from the date hereof, subject to the Company's right to accelerate the expiry date of the Warrants upon 30 days' notice in the event that the closing price of the Subordinate Voting Shares is equal to or exceeds $0.50 on the TSX Venture Exchange (or such other recognized Canadian stock exchange as the Subordinate Voting Shares are primarily traded on) for a period of 10 consecutive trading days. The Company intends to use the proceeds from the Offering for corporate development and general working capital purposes. The Subordinate Voting Shares and Warrants, and any securities issuable upon exercise thereof, are subject to a four-month statutory hold period, in accordance with applicable securities legislation. The Company has paid an aggregate of $10,501.20 in finder's fees in connection with the Third Closing. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available. 100,200 Units were issued to family members of Steven Isenberg, a director of the Company and a "related party" (within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101")) and 500,000 Units were issued to Kevin Wimer, a director of the Company and a "related party", and such issuances are considered a "related party transaction" for the purposes of MI 61-101. Such related party transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities being issued to the related parties nor the consideration being paid by the related parties exceeded 25% of the Company’s market capitalization. The purchasers of the Units and the extent of such participation were not finalized until shortly prior to the completion of the Offering. Accordingly, it was not possible to publicly disclose details of the nature and extent of related party participation in the transactions contemplated hereby pursuant to a material change report filed at least 21 days prior to the completion of such transactions. About Rivalry Rivalry Corp. wholly owns and operates Rivalry Limited , a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users Rivalry is shaping the future of online gambling for a generation born on the internet. Company Contact: Steven Salz, Co-founder & CEO ss@rivalry.com Investor Contact: investors@rivalry.com Media Contact: Cody Luongo, Head of Communications cody@rivalry.com 203-947-1936 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. Cautionary Note Regarding Forward-Looking Information and Statements This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws ("forward-looking statements"). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "project" and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s MD&A dated April 30, 2024 and other disclosure documents available on SEDAR+ at www.sedarplus.ca . No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Source: Rivalry Corp.
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EXCLUSIVE TOMS Shoes founder Blake Mycoskie reveals suicidal depression as second wife Molly Holm files for divorce 18 months after lavish wedding By JOSH BOSWELL FOR DAILYMAIL.COM Published: 22:26, 6 December 2024 | Updated: 22:29, 6 December 2024 e-mail View comments Multi-millionaire TOMS Shoes founder Blake Mycoskie split from his second wife Molly Holm just 18 months after their lavish 'love festival' wedding after confessing he had contemplated suicide, DailyMail.com can reveal. Molly, 33, filed in a Marin County, California , court to divorce the unlucky-in-love businessman on October 21, just weeks after categorically denying rumors of their broken marriage. The filing came a week after Mycoskie revealed on his friend’s podcast that he had been battling severe depression for the past year and even considered killing himself at his darkest moments. Blake, 48, who is worth an estimated $400 million, has two children with his first wife Heather Lang and was helping raise Molly's six-year-old daughter from a previous relationship, Ella. DailyMail.com spoke to two sources close to the couple who said they split this summer, though Molly rubbished the claims when contacted in August, saying that they were 'on a beautiful journey together,' 'love each other a lot,' and 'we're great'. They marked their one-year anniversary in June, celebrating 12 months since their lavish Utah desert wedding at a $3,700-per-night hotel, with guests flown in by private jet. It was a spectacular and theatrical ceremony, with Blake and Molly arriving at the festivities on the backs of camels and later partying in a 70s psychedelic-themed disco. But by the time summer 2024 came around, rumor was spreading through the couple's friends that the relationship was getting rocky. Blake Mycoskie and Molly Holm announced their engagement in 2021 but broke things off temporarily just months after moving to Costa Rica together DailyMail.com can now reveal former model Holm, 33, has filed for divorce 18 months after the couple tied the knot at the luxurious Amangiri Hotel in Canyon Point, Utah Molly declined to comment when asked about the divorce. Brad did not immediately respond to approaches from DailyMail.com. Just a week before Molly filed divorce papers, Blake spoke out on his college buddy Tyler Ramsey’s podcast revealing he had been in a deep depression and even contemplated suicide. Blake said that in June he was ‘at the lowest possible point I’ve ever been in my life’, and had been ‘struggling with a pretty serious depression for over a year’. ‘Last April I was at the end of my rope. I didn’t really know what to do. I felt totally trapped,’ he said on the Painful Lessons Podcast on October 16. ‘I didn’t feel there was anything to look forward to in life. I was really consumed with these horrible dark thoughts. It was really scary.’ He said a psychiatrist ‘misdiagnosed’ him with bipolar type two, and put him on antipsychotic, mood stabilizing and antidepressant medications that he believes led him to become suicidal. Blake said he even tried electric shock therapy, but nothing worked. He spent five weeks at the Alternative to Meds Center in Sedona, Arizona weening himself off his medication with the help of another psychiatrist. The entrepreneur posted on Facebook about his struggle, saying that he was ‘not cured’ but improving. Court records show Molly, 33, filed in a Marin County, California court to divorce the unlucky-in-love businessman on October 21, just weeks after categorically denying rumors of their broken marriage Holm, a former model and investment fund manager, looked stunning in a lacy white wedding dress with a long veil and train and a sheer panel on its profile The 'madly in love' couple, pictured during their engagement party in November 2021, became engaged in September 2021 and had plans for Mycoskie to adopt Holm's five-year-old daughter Ella Pictures snapped by guests and posted on Instagram show an open-air dinner overlooking the desert sunset near the border with Arizona during the June 2023 wedding ceremony ‘Today, I feel like myself again and am committed to continuing my healing journey and rebuilding my life. While I'm not "cured," I'm on a path I believe will lead to lasting wellness,’ he wrote. One person close to the Mycoskies told DailyMail.com that their children were informed of Blake and Molly separating in early August. Read More EXCLUSIVE: Even the dog wore a bow tie! TOMS shoes founder Blake Mycoskie marries Molly Holm in lavish three-day 'love festival' wedding at luxury Amangiri Resort in Utah where bride and groom arrived on camelback - after temporarily splitting last year At the time, Molly protested that Blake was just away on a trip hiking the Grand Canyon. 'The kids were told something different, but it had nothing to do with that,' she told DailyMail.com. 'No papers are being filed and we aren't splitting up. There's people that we think are our friends, that are spreading rumors unfortunately. 'We love each other a lot. We've been on a beautiful journey together, and we're continuing that journey and we have a beautiful family.' They had been living in Costa Rica, but later moved to Marin County, California, near Molly's family. 'It's definitely not Costa Rica, but it's very beautiful,' she said of their new home that summer. 'We're near my family, and that's nice. I grew up here. We're great, we're living life. We're in Marin, and it's really hot.' Either way, by October, their feelings had cooled and their irreconcilable differences had got the better of them, with Molly filing court papers in Marin County. Their divorce may lead to a tricky financial unpicking, as Blake's $10million Marin mansion was moved from his trust to being held solely in Molly's name in January last year, according to property records. The serial entrepreneur and philanthropist founded Shoes for Better Tomorrows, now just TOMS, in 2006 after a trip to Argentina where he saw kids with no shoes and decided to donate a pair for each one sold. By 2019 the firm had donated 95 million pairs of shoes. It was valued at $625million in 2014 when Mycoskie sold 50 per cent to Bain capital. In 2019 he split with Heather, his then-wife and mother of his son Summit and daughter Charlie. Within a year he was looking for love again, even taking part in TCM reality show The Sexiest Bachelor in America. Life coach China Jones posted pictures from the event on Instagram and gushed over the 'incredible' three-day celebration, with the main ceremony being held on a big rock mesa under the cliffs in open air The luxury resort and venue boasts stunning views at sunset and sunrise over the canyon cliffs The lavish celebration were held at Amangiri Hotel in Canyon Point – a favorite among A-list celebrities and where rooms start at around $3,700 per night But he found his next partner off-screen when he started dating Molly that year. The two got engaged in September 2021. DailyMail.com previously reported an alleged hiccup in their relationship in May 2022 when friends said Blake and Molly temporarily split after realizing they became so 'wrapped up in each other' in a whirlwind romance that they needed to step back 'to concentrate on their kids'. Blake sold his Jackson, Wyoming, mansion for $65million, they moved to Costa Rica, and allegedly even planned for him to adopt her daughter Ella. But friends said they soon found their adventure-filled life left too little time for their combined three children. 'They told me, "we're good friends, and we just want to concentrate on our kids, because we got so wrapped up in each other",' one confidant told DailyMail.com anonymously. 'They were madly in love. And I think they just excluded their kids. 'He was going to adopt Ella. That probably both got them thinking about the reality of things. Like is she going to adopt his kids? Things just got weird. 'I think they didn't have enough time at the end of the day for their children. And they realized, we need to put the brakes on things and be great friends and parent our kids right now,' the friend added. Speaking to DailyMail.com this summer, Molly said they put their kids first throughout the relationship. At their June 2023 wedding they were the picture of a loving couple, surrounded by adoring guests. Mycoskie and Holm, who began dating in 2020, often shared photos of their family adventures on social media Mycoskie had sold his Jackson, Wyoming mansion for $65million to moved to Costa Rica with his then fiancée, and had reportedly even planned to adopt Molly's daughter Ella The desert nuptials were kicked off with the couple arriving on the backs of two camels, their two girls wearing frilly baby blue dresses and starry crowns and Holm in a black jumpsuit embroidered with moons and stars; their friends and family gathered to greet them. Pictures snapped by guests and posted on Instagram show a four-tiered chocolate wedding cake and an open-air dinner overlooking the desert sunset near the border with Arizona. Holm, who says she worked as an Investment Fund Manager at Highbridge Equity Partners and studied at UC Berkeley, wore a lacy white wedding dress with a long veil and train and a sheer panel on its profile. She wore light jewelry of two bracelets and moon-and-stars earrings. Blake wore a black tuxedo with a desert plant boutonniere. The newlyweds posed for photos by canyon cliffs with their dog. An insider told DailyMail.com that guests were flown in by private jet then bused to the location in 4x4s due to the rough desert terrain. 'The day they arrived there was a western saloon theme,' the source said. 'A lot of guests went horse riding over the desert. Then there was another event with a Moroccan bazaar theme. 'Molly and Blake arrived for the whole event on camelback – as you do. Mycoskie has two children from his previous marriage to Heather Lang. They are pictured together at a TOMS for Target launch event in 2014 'The wedding itself was held on a big rock mesa under the cliffs in the open air. 'Then there was a 70s-themed disco, complete with an illuminated dance floor. Everyone had psychedelic attire and it went late into the night.' The same month, Mycoskie had pledged $100million, a quarter of his net worth, to psychedelic therapies for treating mental health conditions. The entrepreneur said he hoped his donation would inspire others to invest in psilocybin, MDMA and other mind-altering drugs with potential mental health benefits. Life coach China Jones posted pictures from the event and gushed with praise for her friends. 'Coming down off the most unforgettable wedding weekend love festival that will forever be a favorite memory,' she wrote. 'Set in the breathtaking Utah canyons, it was nothing short of incredible. From the western saloon, Moroccan bazar, remote & stunning ceremony location, art car crawl and disco after party... not one detail was overlooked. 'The vision, creativity, and attention to detail was only matched by the caliber of people in attendance. I had so much fun meeting new friends and reconnecting with my lifelong crew of [mermaid emojis].' But now, just 18 months later, the fairytale has ended. Share or comment on this article: TOMS Shoes founder Blake Mycoskie reveals suicidal depression as second wife Molly Holm files for divorce 18 months after lavish wedding e-mail Add commentPatriots turn their attention to the future after being eliminated from playoff contentionAn interview with an accountant - Coralie Spencer Simon Langton Girls school
Before you dive into holiday shopping, learn how to spot common scams and protect yourself. Fraudsters commonly send phishing emails and text messages impersonating delivery services or popular retailers like Amazon. These messages, which typically claim there’s an issue with processing or delivering the order, may request payment information or include malicious links. A message might say something like, “Part of your address is missing. Please click on this link to complete the address,” says Raj Dasgupta, senior director of global advisory at BioCatch, a fraud-prevention firm. If you get a similar message when you’re not expecting a package, that should raise doubts, Dasgupta says. But even if you have ordered something, don’t overlook warning signs. It’s unusual for delivery services to hold up packages or seek payment, because shipping costs are almost always charged to the shipper, not the receiver, says Cliff Steinhauer, director of information security and engagement at the nonprofit National Cybersecurity Alliance. Avoid clicking on links in texts or emails, and don’t share personal or payment details. To verify whether an order update is genuine, “go back to your original order on the site,” Steinhauer says. You can log in and check the order status and reach out to customer service directly if there’s a problem, he says. When shopping online, carefully scrutinize sellers and products to avoid winding up with counterfeit items — or nothing at all. Sponsored ads on social media sites and search engines aren’t always vetted enough, Steinhauer says, which means you may come across scams. Fraudsters buy Google ads for desirable products, such as exercise equipment, Dasgupta says. When people click on these ads, they might land on a “sophisticated-looking fake website” that mimics a well-known site, such as Macy’s, or on a made-up company’s page, he says. Shoppers never receive the product they’re attempting to purchase, or they get an inferior product. Ignore “sponsored” links, and read URLs closely. There will usually be “something off,” Steinhauer says, such as a slight misspelling or dashes in the website name that aren’t normally there. “The best thing is to go to the legitimate website or app that you know is the right one, and just shop there,” he says. Watch for third-party seller scams on legitimate websites, too. Some companies, such as Walmart and Target, allow outside vendors to sell merchandise through their platforms — and the reliability can vary. Reading seller reviews before you buy can help you avoid bad actors. Be wary of sellers who ask for gift cards or peer-to-peer payments. If a service like Venmo or Cash App is the only payment method accepted, that’s an immediate red flag, Dasgupta says. And if a deal seems too good to be true, it probably is. “Quishing” is when scammers create QR codes that link to fraudulent websites or install malware on devices. These codes may show up on parking meters, in mysterious packages delivered to your physical address or in your email inbox. For example, a scammer posing as your bank might email you a code and instruct you to update your login credentials. Email services often filter out known malicious links or domains and send them to your spam folder, Steinhauer says, but a QR code can get past these filters because it’s an image. Don’t scan codes you receive unexpectedly, and closely inspect QR codes in public places for signs of tampering.
FOXBOROUGH, Mass. (AP) — The New England Patriots are focused on the future following their 25-24 loss to the Indianapolis Colts . The Patriots (3-10) were officially eliminated from playoff contention with the loss Sunday, meaning that this week’s bye in many ways will begin the process of the coaching staff and front office evaluating the roster for 2025. The good news is that this group has shown plenty of grit this season, playing seven games that were decided by one score. The bad news is that the Patriots are just 2-5 in those games. Though New England’s bye comes late in the season, coach Jerod Mayo said the timing is perfect for a team that is feeling the effects of its shortcomings . “A much-needed bye week, not only physically for the players but also mentally, just being able to hit the reset button and come back, put some good games together and continue to build for the future,” Mayo said. “That has to be our goal.” Tight end Austin Hooper said the seed that needs to be planted over the final four games is finding a way to limit the mistakes — namely penalties and trouble finishing drives — that have hampered the offense throughout the season. “We’ve got to execute at a higher level. We can’t beat a team before you stop hurting yourself,” Hooper said. “It’s not for lack of effort, just things that happen out there that get you scars in this league.” This was the most balanced performance by the offense this season, with 222 passing yards and a season-high 200 yards rushing. It shows progress under new coordinator Alex Van Pelt, which is something to build on over the final four games. Red zone efficiency. It continues to be the most glaring deficiency for the Patriots’ offense. They were 2 of 6 on Sunday and rank 30th in the NFL, scoring a touchdown only 44.7% (17 of 38) of the time inside the 20-yard line. TE Hunter Henry. He finished with seven catches for 75 yards, which is his seventh game this season with five or more receptions. He leads the team this season with 58 catches for 610 yards and continues to be a dependable option for quarterback Drake May as he navigates his rookie season. K Joey Slye. He made 3 of his 5 field-goal attempts, including a 54-yarder in the second quarter. Most of the conversation following the game was about his NFL record-long 68-yard attempt that came up short as time expired. But because of the 1-point loss, he was lamenting the 25-yard attempt he missed wide left just before halftime. “I take full responsibility for this,” Slye said. “Every point for this team matters with how we play complementary football with offense, defense and special teams. So, whenever I am out there, I have got to score points.” Henry left the game in the first quarter after a helmet-to-helmet hit. He was able to return in the second quarter and finished the game. 7 — Number of penalties called on the Patriots, costing them 88 yards. Five penalties (four accepted) were called on the offensive line. That included one for holding on Mike Onwenu that nullified a touchdown run by Rhamondre Stevenson in the first quarter and forced New England to settle for a field goal. The Patriots have a bye this week. They visit the Arizona Cardinals on Dec. 15. AP NFL coverage: https://apnews.com/hub/NFLNone
SYDNEY, Dec. 06, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (ACN 629 842 799) (“IREN”) today announced the closing of its offering of $440 million aggregate principal amount of 3.25% convertible senior notes due 2030 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Key details of the transaction Oversubscribed and upsized from $300 million to $400 million, plus $40 million greenshoe Net proceeds of approximately $425.4 million 3.25% coupon, 30% conversion premium Capped call transactions entered into in connection with the notes are generally expected to provide a hedge upon conversions up to an initial cap price of $25.86 per share, which represents a 100% premium (as compared to the 30% conversion premium under the notes) Citigroup Global Markets Inc and J.P. Morgan Securities LLC acted as joint bookrunners Oversubscribed and upsized In response to strong investor demand, IREN upsized the initial offering size of $300.0 million aggregate principal amount of notes to $400.0 million, and the initial purchasers fully exercised their option to purchase an additional $40.0 million aggregate principal amount of the notes. The notes were issued pursuant to, and are governed by, an indenture, dated as of December 6, 2024, between IREN and U.S. Bank Trust Company, National Association, as trustee. Use of proceeds The net proceeds from the offering are approximately $425.4 million, after deducting the initial purchasers’ discounts and commissions and IREN’s estimated offering expenses. IREN intends to use the net proceeds as follows: $44.4 million to fund the cost of the capped call transactions (described below) $73.7 million to fund the cost of the prepaid forward transaction (described below) General corporate purposes and working capital Capped call transactions In connection with the pricing of the notes and the exercise by the initial purchasers of their option to purchase additional notes, IREN entered into privately negotiated capped call transactions with certain of the initial purchasers or their affiliates and certain other financial institutions (the “option counterparties”). The capped call transactions cover, subject to anti-dilution adjustments, the number of ordinary shares of IREN that initially underlie the notes. The cap price of the capped call transactions is initially $25.86 per share, which represents a premium of 100% over the last reported sale price of IREN’s ordinary shares of $12.93 per share on December 3, 2024, and is subject to certain adjustments under the terms of the capped call transactions. The capped call transactions are expected to generally reduce the potential dilution to IREN’s ordinary shares upon any conversion of the notes and/or offset any potential cash payments IREN is required to make in excess of the principal amount of converted notes, as the case may be, with such offset and/or reduction subject to a cap price. If, however, the market price per ordinary share of IREN, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions. The capped call transactions will be solely cash settled unless certain conditions are satisfied. Prepaid forward transactions In connection with the pricing of the notes, IREN also entered into a prepaid forward share purchase transaction (the “prepaid forward transaction”) with one of the initial purchasers of the notes or its affiliate (the “forward counterparty”), pursuant to which IREN purchased approximately $73.7 million of its ordinary shares (based on the last reported sale price of IREN’s ordinary shares on the pricing date), for settlement shortly after the maturity date of the notes, subject to any early settlement, in whole or in part, of the prepaid forward transaction. The prepaid forward transaction will be solely cash settled unless certain conditions are satisfied. The prepaid forward transaction is generally intended to facilitate privately negotiated derivative transactions, including swaps, between the forward counterparty or its affiliates and investors in the notes relating to IREN’s ordinary shares by which investors in the notes will establish short positions relating to IREN’s ordinary shares and otherwise hedge their investments in the notes. As a result, the prepaid forward transaction is expected to allow the investors to establish short positions that generally correspond to (but may be greater than) commercially reasonable initial hedges of their investment in the notes. In the event of such greater initial hedges, investors may offset such greater portion by purchasing IREN’s ordinary shares on or shortly after the day IREN prices the notes. No registration The notes were only offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. The offer and sale of the notes and any of IREN’s ordinary shares issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any of IREN’s ordinary shares issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction (including the United States and Australia) in which such offer, sale or solicitation would be unlawful. Forward-Looking Statements This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the completion of the offering and the expected amount and intended use of the net proceeds. Forward-looking statements represent IREN’s current expectations, beliefs, and projections regarding future events and are subject to known and unknown uncertainties, risks, assumptions and contingencies, many of which are outside IREN’s control and that could cause actual results to differ materially from those described in or implied by the forward-looking statements. Among those risks and uncertainties are market conditions and risks relating to IREN’s business, including those described in periodic reports that IREN files from time to time with the SEC. IREN cannot provide any assurances regarding its ability to effectively apply the net proceeds after funding the cost of entering into the capped call transactions and financing the prepaid forward as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and IREN does not undertake any obligation to update the forward-looking statements included in this press release for subsequent developments, except as may be required by law. For a further discussion of factors that could cause IREN’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in IREN’s Annual Report on Form 20-F for the year ended June 30, 2024 and other risks described in documents filed by IREN from time to time with the Securities and Exchange Commission. About IREN IREN is a leading data center business powering the future of Bitcoin, AI and beyond utilizing 100% renewable energy. Bitcoin Mining: providing security to the Bitcoin network, expanding to 50 EH/s in H1 2025. Operations since 2019. AI Cloud Services: providing cloud compute to AI customers, 1,896 NVIDIA H100 & H200 GPUs. Operations since 2024. Next-Generation Data Centers: 460MW of operating data centers, expanding to 810MW in H1 2025. Specifically designed and purpose-built infrastructure for high-performance and power-dense computing applications. Technology: technology stack for performance optimization of AI Cloud Services and Bitcoin Mining operations. Development Portfolio: 2,310MW of grid-connected power secured across North America, >2,000 acre property portfolio and additional development pipeline. 100% Renewable Energy (from clean or renewable energy sources or through the purchase of RECs): targets sites with low-cost & underutilized renewable energy, and supports electrical grids and local communities. 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Biden Was Right to Commute Death Row Sentences. The Death Penalty is Inhumane.
NEW YORK (AP) — Top-ranked chess player Magnus Carlsen is headed back to the World Blitz Championship on Monday after its governing body agreed to loosen a dress code that got him fined and denied a late-round game in another tournament for refusing to change out of jeans . Lamenting the contretemps, International Chess Federation President Arkady Dvorkovich said in a statement Sunday that he'd let World Blitz Championship tournament officials consider allowing “appropriate jeans” with a jacket, and other “elegant minor deviations” from the dress code. He said Carlsen's stand — which culminated in his quitting the tournament Friday — highlighted a need for more discussion “to ensure that our rules and their application reflect the evolving nature of chess as a global and accessible sport.” Carlsen, meanwhile, said in a video posted Sunday on social media that he would play — and wear jeans — in the World Blitz Championship when it begins Monday. “I think the situation was badly mishandled on their side,” the 34-year-old Norwegian grandmaster said. But he added that he loves playing blitz — a fast-paced form of chess — and wanted fans to be able to watch, and that he was encouraged by his discussions with the federation after Friday's showdown. “I think we sort of all want the same thing,” he suggested in the video on his Take Take Take chess app’s YouTube channel. “We want the players to be comfortable, sure, but also relatively presentable.” The events began when Carlsen wore jeans and a sportcoat Friday to the Rapid World Championship, which is separate from but held in conjunction with the blitz event. The chess federation said Friday that longstanding rules prohibit jeans at those tournaments, and players are lodged nearby to make sartorial switch-ups easy if needed. An official fined Carlsen $200 and asked him to change pants, but he refused and wasn't paired for a ninth-round game, the federation said at the time. The organization noted that another grandmaster, Ian Nepomniachtchi, was fined earlier in the day for wearing sports shoes, changed and continued to play. Carlsen has said that he offered to wear something else the next day, but officials were unyielding. He said “it became a bit of a matter of principle,” so he quit the rapid and blitz championships. In the video posted Sunday, he questioned whether he had indeed broken a rule and said changing clothes would have needlessly interrupted his concentration between games. He called the punishment “unbelievably harsh.” “Of course, I could have changed. Obviously, I didn’t want to,” he said, and “I stand by that.”NEW YORK (AP) — Top-ranked chess player Magnus Carlsen is headed back to the World Blitz Championship on Monday after its governing body agreed to loosen a dress code that got him fined and denied a late-round game in another tournament for refusing to change out of jeans . Lamenting the contretemps, International Chess Federation President Arkady Dvorkovich said in a statement Sunday that he'd let World Blitz Championship tournament officials consider allowing “appropriate jeans” with a jacket, and other “elegant minor deviations” from the dress code. He said Carlsen's stand — which culminated in his quitting the tournament Friday — highlighted a need for more discussion “to ensure that our rules and their application reflect the evolving nature of chess as a global and accessible sport.” Carlsen, meanwhile, said in a video posted Sunday on social media that he would play — and wear jeans — in the World Blitz Championship when it begins Monday. “I think the situation was badly mishandled on their side,” the 34-year-old Norwegian grandmaster said. But he added that he loves playing blitz — a fast-paced form of chess — and wanted fans to be able to watch, and that he was encouraged by his discussions with the federation after Friday's showdown. “I think we sort of all want the same thing,” he suggested in the video on his Take Take Take chess app’s YouTube channel. “We want the players to be comfortable, sure, but also relatively presentable.” The events began when Carlsen wore jeans and a sportcoat Friday to the Rapid World Championship, which is separate from but held in conjunction with the blitz event. The chess federation said Friday that longstanding rules prohibit jeans at those tournaments, and players are lodged nearby to make sartorial switch-ups easy if needed. An official fined Carlsen $200 and asked him to change pants, but he refused and wasn't paired for a ninth-round game, the federation said at the time. The organization noted that another grandmaster, Ian Nepomniachtchi, was fined earlier in the day for wearing sports shoes, changed and continued to play. Carlsen has said that he offered to wear something else the next day, but officials were unyielding. He said “it became a bit of a matter of principle,” so he quit the rapid and blitz championships. In the video posted Sunday, he questioned whether he had indeed broken a rule and said changing clothes would have needlessly interrupted his concentration between games. He called the punishment “unbelievably harsh.” “Of course, I could have changed. Obviously, I didn’t want to,” he said, and “I stand by that.”
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Paris stocks wobble, euro falls on France budget standoffNEW YORK (AP) — Top-ranked chess player Magnus Carlsen is headed back to the World Blitz Championship on Monday after its governing body agreed to loosen a dress code that got him fined and denied a late-round game in another tournament for refusing to change out of jeans . Lamenting the contretemps, International Chess Federation President Arkady Dvorkovich said in a statement Sunday that he'd let World Blitz Championship tournament officials consider allowing “appropriate jeans” with a jacket, and other “elegant minor deviations” from the dress code. He said Carlsen's stand — which culminated in his quitting the tournament Friday — highlighted a need for more discussion “to ensure that our rules and their application reflect the evolving nature of chess as a global and accessible sport.” Carlsen, meanwhile, said in a video posted Sunday on social media that he would play — and wear jeans — in the World Blitz Championship when it begins Monday. “I think the situation was badly mishandled on their side,” the 34-year-old Norwegian grandmaster said. But he added that he loves playing blitz — a fast-paced form of chess — and wanted fans to be able to watch, and that he was encouraged by his discussions with the federation after Friday's showdown. “I think we sort of all want the same thing,” he suggested in the video on his Take Take Take chess app’s YouTube channel. “We want the players to be comfortable, sure, but also relatively presentable.” The events began when Carlsen wore jeans and a sportcoat Friday to the Rapid World Championship, which is separate from but held in conjunction with the blitz event. The chess federation said Friday that longstanding rules prohibit jeans at those tournaments, and players are lodged nearby to make sartorial switch-ups easy if needed. An official fined Carlsen $200 and asked him to change pants, but he refused and wasn't paired for a ninth-round game, the federation said at the time. The organization noted that another grandmaster, Ian Nepomniachtchi, was fined earlier in the day for wearing sports shoes, changed and continued to play. Carlsen has said that he offered to wear something else the next day, but officials were unyielding. He said “it became a bit of a matter of principle,” so he quit the rapid and blitz championships. In the video posted Sunday, he questioned whether he had indeed broken a rule and said changing clothes would have needlessly interrupted his concentration between games. He called the punishment “unbelievably harsh.” “Of course, I could have changed. Obviously, I didn’t want to,” he said, and “I stand by that.”Voluntary schemes set standards for the production of sustainable fuels and gases – Hydrogen included Voluntary schemes and national certification schemes of EU countries help to ensure that biofuels, bioliqui ds and biomass fuels as well as renewable hydrogen and its derivatives (renewable fuels of non-biological origin or RFNBOs), and recycled carbon fuels (RCF) are sustainably produced by verifying that they comply with the , as well as the relevant methodologies for RFNBOs and RCF. As such, the schemes check that Several schemes also take into account additional sustainability aspects such as soil, water, air protection and social criteria. For the certification process, an external auditor verifies the whole production chain from the origin of the raw material and energy to the fuel producer or trader. While the schemes are run privately, the European Commission can recognise them as compliant with the rules included in the Renewable Energy Directive. Voluntary schemes under the Renewable Energy Directive The EU sustainability criteria cover the production of fuels and energy from agricultural as well as forest biomass and organic waste. Detailed rules describing the certification process are enshrined in the Implementing Regulation on sustainability certification. The sustainability framework for bioenergy has been complemented by rules ensuring the sustainability of renewable hydrogen and its derivates. The European Commission adopted delegated acts including criteria for the sourcing of renewable electricity that is used for the production of RFNBOs as well as a methodology for determining emission savings of RFNBOs and RCF. Interested voluntary schemes may apply for recognition by the Commission under the sustainability framework. The Commission will assess the applications by applying the following . In case schemes are interested to certify also RFNBOs and RCF an will be used. Recognition criteria For a scheme to be recognised by the Commission, it must fulfil criteria such as The decision recognising a voluntary scheme has usually a legal period of validity of 5 years. the latest news shaping the hydrogen market at Voluntary schemes set standards for the production of sustainable fuels and gases – Hydrogen included, CertifHy Achieves Official Recognition by the European Commission to Issue RFNBO Certification Brussels – 23/12/2024 – CertifHy, a pioneer in hydrogen and e-fuels certification, proudly announces its official... Euractiv – Hydrogen 2.0: Strengthening the EU’s role as a global leader A stable regulatory environment, international cooperation and more focus on hydrogen derivatives are key for Europe to scale its hydrogen... John Cockerill, Johnson Matthey and ETFuels Announce Strategic Partnership for 120,000 ton Texas e-Methanol Project ETFuels has selected John Cockerill and Johnson Matthey as key strategic partners for its 120,000 ton...