COLUMBIA, Mo. (KMIZ) The Missouri Department of Conservation is considering removing some restrictions on walleye and sauger, according to a Tuesday press release from the department. Current regulations state: “Throughout the year, except that from February 20 through April 14 walleye and sauger may be taken and possessed only between one-half (1/2) hour before sunrise to one-half (1/2) hour after sunset in the Swan Creek Arm of Bull Shoals Lake above Highway 160 and in the unimpounded portions of all streams except the Mississippi, and Missouri rivers. Walleye and sauger may not be possessed on waters or banks thereof during closed seasons or closed hours.” Anglers can comment on possible changes in an online form . The release says that research indicates “there is no clear biological justification for the nighttime closure portion of this regulation. Allowing the harvest during spring spawning (February-April) may have an impact on overall population numbers, but most walleye in Missouri reservoirs are stocked by MDC.” The release also claims that anglers have asked for the regulation to be removed. Concerns include possible overharvesting during spring spawning, “which could lead to decreased populations in rivers and reservoirs. MDC adds that walleye numbers in reservoirs are supported through regular stockings,” the release says.
SAN FRANCISCO , Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ: ADSK) today announced the appointment of Janesh Moorjani as the company's chief financial officer, effective December 16, 2024 . Moorjani brings over 20 years of experience in the technology industry, with deep expertise in driving growth and efficiency at scale. Most recently, Moorjani served as CFO and COO of Elastic NV (NYSE: ESTC), the Search AI Company. Reporting to chief executive officer Andrew Anagnost , Moorjani will lead and oversee Autodesk's global finance organization. Moorjani will succeed interim chief financial officer Elizabeth "Betsy" Rafael, who will serve as an advisor to the company through the end of fiscal 2025 and will continue to serve on Autodesk's Board of Directors, resuming her status as an independent director following the transition period and end of her employment by the company. "We are excited to welcome such a high-caliber and seasoned CFO in Janesh," said Andrew Anagnost , president and CEO of Autodesk. "His deep finance and software experience will be instrumental in supporting Autodesk's continued momentum with sustained growth and enhanced profitability. I look forward to partnering with Janesh to drive Autodesk's successful path forward and continue creating additional value for our stockholders. I also thank Betsy for stepping into the interim CFO role at an important time for Autodesk, and for her continued contributions both through the transition and as a qualified and experienced board member moving forward." Moorjani brings strong experience leading dynamic public software companies. He recently was CFO of Elastic since 2017 and assumed the additional responsibilities of COO in 2022. Prior to Elastic, he served in executive and leadership roles at Infoblox, VMware, Cisco, PTC, and Goldman Sachs. He currently serves on the Board of Directors of Cohesity, a leading AI-powered data security and data management company. "I am thrilled to join Autodesk and work with Andrew, the company's strong management team and the Board to capitalize on the compelling growth opportunities we have ahead," said Moorjani. "Autodesk has established a clear leadership position as a technology innovator by providing differentiated and connected solutions that allow customers across industries to design and make anything. I look forward to working with the team to build on Autodesk's strong financial foundation to drive continued growth, profitability and free cash flow to ultimately deliver sustainable stockholder value." ABOUT AUTODESK The world's designers, engineers, builders, and creators trust Autodesk to help them design and make anything. From the buildings we live and work in, to the cars we drive and the bridges we drive over. From the products we use and rely on, to the movies and games that inspire us. Autodesk's Design and Make Platform unlocks the power of data to accelerate insights and automate processes, empowering our customers with the technology to create the world around us and deliver better outcomes for their business and the planet. For more information, visit autodesk.com or follow @autodesk. #MakeAnything Autodesk is a registered trademark of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and services offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document. SAFE HARBOR STATEMENT This press release contains forward-looking statements that involve risks and uncertainties, including quotations from management, statements regarding our strategies, performance, results, growth, profitability and free cash flow, and all statements that are not historical facts. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our strategy to develop and introduce new products and services and to move to platforms and capabilities, exposing us to risks such as limited customer acceptance (both new and existing customers), costs related to product defects, and large expenditures; global economic and political conditions, including changes in monetary and fiscal policy, foreign exchange headwinds, recessionary fears, supply chain disruptions, resulting inflationary pressures and hiring conditions; geopolitical tension and armed conflicts, and extreme weather events; costs and challenges associated with strategic acquisitions and investments; our ability to successfully implement and expand our transaction model; dependency on international revenue and operations, exposing us to significant international regulatory, economic, intellectual property, collections, currency exchange rate, taxation, political, and other risks, including risks related to the war against Ukraine launched by Russia and our exit from Russia and the current conflict between Israel and Hamas; inability to predict subscription renewal rates and their impact on our future revenue and operating results; existing and increased competition and rapidly evolving technological changes; fluctuation of our financial results, key metrics and other operating metrics; our transition from up front to annual billings for multi-year contracts; deriving a substantial portion of our net revenue from a small number of solutions, including our AutoCAD-based software products and collections; any failure to successfully execute and manage initiatives to realign or introduce new business and sales initiatives, including our new transaction model for Flex; net revenue, billings, earnings, cash flow, or new or existing subscriptions shortfalls; social and ethical issues relating to the use of artificial intelligence in our offerings; our ability to maintain security levels and service performance meeting the expectations of our customers, and the resources and costs required to avoid unanticipated downtime and prevent, detect and remediate performance degradation and security breaches; security incidents or other incidents compromising the integrity of our or our customers' offerings, services, data, or intellectual property; reliance on third parties to provide us with a number of operational and technical services as well as software; our highly complex software, which may contain undetected errors, defects, or vulnerabilities; increasing regulatory focus on privacy issues and expanding laws; governmental export and import controls that could impair our ability to compete in international markets or subject us to liability if we violate the controls; protection of our intellectual property rights and intellectual property infringement claims from others; the government procurement process; fluctuations in currency exchange rates; our debt service obligations; and our investment portfolio consisting of a variety of investment vehicles that are subject to interest rate trends, market volatility, and other economic factors. Further information on potential factors that could affect the financial results of Autodesk are included in Autodesk's Form 10-K and subsequent Forms 10-Q, which are on file with the U.S. Securities and Exchange Commission. Autodesk disclaims any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made. View original content to download multimedia: https://www.prnewswire.com/news-releases/autodesk-appoints-janesh-moorjani-as-chief-financial-officer-302316577.html SOURCE Autodesk, Inc.
Schieffelin has 18 points, 13 rebounds and 8 assists as Clemson hands Penn State first loss 75-67
Alkami Technology's chief strategy officer sells $2.63 million in stockPercentages: FG 41.429, FT .667. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Fools wouldn't touch these 5 FTSE 350 flops with a bargepole – how come I own 3 of them? The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK. When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in. You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources , and more. Learn More . Three FTSE 350 flops have been stinking out my portfolio, so I didn't need reminding that I made a costly error buying them. But that's what I got last week, when my fellow Motley Fool writers named five FTSE 350 companies they thought had further to fall. My three flops were... Harvey Jones
With the Interscholastic Boys High School Football League postseason quickly creeping up, the St. John’s Knights and the Harvest Eagles went out for a match Monday afternoon at JFK’s Ramsey Field. St. John’s sophomore midfielder Race Baden convincingly stroked the lone goal of the afternoon to lead the Knights past the Eagles, 1-0. “Overall it was a good game. We started with intensity, focus, and possession. In the second half, we were able to capitalize with a good assist by Nikko Byerly as he caught the ball all the way and passed it to me,” Baden said. After the loss to the JFK Islanders last week, the Knights came out with a plan of getting the victory as the their midfielders led by Jerrick Palomaras, Justin Li, Noach Legaspi, and Baden were on fire as the ball hardly ever entered their own side of the field. “We built a lot of momentum we put together in the second half of our loss to JFK last Friday. The boys bought in and were motivated to show that they could put together a solid 80-minute performance,” Knights head coach PK Harmon said. “We trust our midfielders as they have been masterful in the middle of the field all season. They have good chemistry and control.” The Eagles had many attempts to make a goal throughout the game but were stopped by the Knights’ defensive line multiple times. The first half was a very intense match as both teams didn’t score, making a statement that it won’t be an easy game. With the Knights firing through the ball and the Eagles consistently defending their goal, the first half ended at 0-0. In the second half, the Eagles came back pushing the ball on the other side as Giacamo Bustamante attempted to make a goal many times but was humbly defended by the Knights’ defensive line. The Knights quickly responded by taking control of the ball. With the half nearly coming to an end, Byerly took notice of the wind and assisted Baden for the winning goal. No further goals were made for the rest of the game, with the Knights proudly ending the game with 1-0. Other gamesTo start off their last study session, city officials came to the mayor and council's table and offered a menu of unappetizing options to pay for fare-free bus rides. A new tax on rental cars would require a change in state law for this purpose. So would the formation of a special taxing district, as would other options. Probably not gonna happen. We could raise the hotel/motel surcharge, or the tax on public utilities, but those are already among the highest rates in the state. We can beg the University of Arizona, Pima Community College and the school districts, but they're under no obligation to help out, even though they do benefit heavily from free transit. The mayor and some members of the council considered the whole topic at the Nov. 19 meeting to be premature and, it seemed to my ear, annoying. "I agree that we shouldn’t even be having the discussion about fares at this moment," Council Member Lane Santa Cruz said, supporting Mayor Regina Romero's earlier comments. "This mayor and council has stated time and time again their support of it. We should be talking about the financing of transit more holistically." The review of options left the impression that there is no easy way for covering the estimated $10 million-per-year cost of not charging fares for bus and streetcar rides. But that's not really the case — there are more appetizing alternatives. Next year, there are two tax elections, one for Tucson voters, and one for all Pima County voters that could absorb this cost. That way, too, voters could have a chance to weigh in on whether we want to pay for the idea. It's something Tucsonans talk about, perhaps because they think fares used to cover most or all of the cost of transit before the city went fare-free in 2020. That's not true: Fares only covered a small portion of the cost of the transit system in the times before pandemic funding from the federal government allowed the city to go fare-free. Fares covered around 10% of the cost of the entire transit system when Tucson decided to start covering the cost itself in 2023. At that time, the cost of not having fares was about $9.1 million, the city estimated. Last week, City Manager Tim Thomure estimated the cost of not charging fares at $10 million to $13 million per year. This is much higher than what some transit advocates think, because, among other things, charging fares anew is likely to depress ridership considerably, and it costs money to reinstall and operate a fare system. Ridership underwhelming City Council Member Paul Cunningham told me he thinks the cost of not charging fares could be as low as $5 million per year, depending on factors such as how high fares would be set if they ever came back. But he acknowledged he hears about the issue a lot from people who think the program costs more than it does, or that it is responsible for the spread of homeless camps around the city. "I don’t think we need to do any of those things," Cunningham said. "The general fund has absorbed significantly the fare-free transit." It's true as noted in the study session, that the cost of fare-free transit is accounted for this fiscal year and, probably, next year, going through June 2026. I'm with Romero and others on the council in liking fare-free transit, overall. It's incredibly simple — the key — and usually safe and reliable, though it's true that a lot of street people, some of them on drugs, use the system. That probably makes some car-drivers uncomfortable, though they should consider the threat of a serious car crash in their risk assessments. What I've found disappointing is that not as many people use the bus as I would expect, considering that it's free. Although Romero has said at the council and in an email that "we have seen record numbers of riders," that's not the case with the bus. Ridership topped 19 million for four consecutive years between fiscal year 2012 and fiscal 2015. Last year, ridership didn't even top 16 million rides, winding up at about 15.8 million according to preliminary figures. I want to see ridership return to the numbers of a decade ago. To pay for free fares beyond 2026, and drive ridership, though, we could have a source for the extra millions if the mayor and council will simply put it in packages that voters are already considering. Prop. 414 and RTA The first vote on a half-cent sales tax is scheduled for March. The details of Prop. 414 haven't been finalized, but council members are pretty committed to the priorities it's funding and are likely to approve something close to what's already being proposed. That means most of the estimated $80 million-per-year the tax would produce will go to Tucson police and fire, and related services, if the proposition passes. For example, $2.7 million per year would go to non-patrol vehicles for the Tucson Police Department. A million dollars per year would go to "community based violence intervention" programs. In the housing arena, $4 million per year would go to housing "resiliency" to help low-income homeowners and renters, as well as add new stock to city-owned housing. Another $3.45 million per year would go to expanding low-barrier shelters and extending the city's Housing First program. You may think these are higher priority items than fare-free transit, but as Romero said, "We’ve got to see free transit as part of a safe and vibrant city." There's no reason city officials couldn't scratch out, say, $5 million of the $80 million per year they're dreaming of to help pay for fare-free transit over the next 10 years. Alternatively, the RTA Next program, the continuation of an existing half-cent sales tax, will be voted on by all county voters in November. It includes $610 million over 20 years, or an average of $30.5 million per year, for mass transit. Hard to believe a few million of that couldn't go to ensuring fare-free transit. "I want to get to the point where we brag about our public transportation system being free and encouraging more people to use it," Santa Cruz said. I agree, and if we could put $5 million to $10 million per year into those tax elections for fare-free transit, we wouldn't have to think again about fares for 10-20 years. Then we could stop talking about it, as much of the mayor and council seem to want, and focus on maximizing the number of people who ride the bus. Contact columnist Tim Steller at tsteller@tucson.com or 520-807-7789. On Twitter: @timothysteller Subscribe to stay connected to Tucson. A subscription helps you access more of the local stories that keep you connected to the community. Be the first to know Get local news delivered to your inbox! Columnist
Reddit targets international users for ad growth, teases bolstered search featureWhat we know about Luigi Mangione, the suspect arrested in UnitedHealthcare CEO killing
Russian president Vladimir Putin said his military used a new intermediate-range ballistic missile (IRBM) called “Oreshnik” to hit a defence factory in the city of Dnipro in eastern Ukraine on Thursday, in response to Ukraine striking targets in Russia for the first time with US Atacms ballistic missiles and British Storm Shadow cruise missiles. Ukraine presented parts of the missile to the media over the weekend and said it flew at a top speed of Mach 11 (more than 13,000km/h) and carried six non-nuclear warheads, each with six submunitions. Mr Putin said Oreshnik missiles cannot be stopped by any existing western air defence systems and that his military had a stock of the weapon ready for use. Ukraine and western states have questioned his claims and suggested that the missile, rather than being entirely new, is based heavily on previously known models. The Kremlin is known for making overblown claims about its arms: before its full-scale invasion of its pro-western neighbour in February 2022, Mr Putin said Russia’s Kinzhal missile could not be shot down. However, Ukrainian forces have intercepted several using US-supplied Patriot air defence systems that are about 40 years old. “Just last night, our air defence forces managed to shoot down nearly 50 strike drones. Over the past week, Russia has launched more than 800 guided aerial bombs, around 460 strike drones, and over 20 missiles of various types against Ukraine and our people,” Ukrainian president Volodymyr Zelenskiy said on Sunday. “Ukraine is not a testing ground for weapons...Yet, Russia persists in its attempts to destroy our people, sow fear and panic and weaken us. Ukraine needs more air defence systems and we are actively working with our partners on this. Strengthening the protection of our skies is absolutely critical.” Long blackouts now affect millions of Ukrainians almost every day after Russia destroyed more than 60 per cent of the country’s electricity-generating capacity with waves of missile and drone strikes this year, and more attacks are expected as winter begins to bite, potentially using the kind of missile fired on Thursday. “Russia’s use of an IRBM is typical blackmail. Putin tries to scare everyone off from supporting Ukraine,” Kyiv’s minister for foreign affairs Andrii Sybiha said on Sunday. “Ukraine’s partners should do the exact opposite: reject blackmail, increase support, and strengthen Ukraine’s air shield with systems capable of intercepting such missiles.” [ If Russia is indeed planning an attack against a Nato state, distance and neutrality will provide no defence Opens in new window ] Russia has been grinding slowly forward in eastern Ukraine all year, without capturing any large cities, and has retaken about half of the roughly 1,500sq km of its Kursk border region that Kyiv’s forces seized in a lightning attack in August. Ukraine is pressing allies to provide as much military support as possible urgently, amid uncertainty over how Donald Trump will approach the war when he returns to the White House in January. He has said he could stop the war in a day, without explaining how. Western states have condemned North Korea’s deployment of at least 10,000 troops to help Russia, as Moscow tries to bolster its depleted army ranks without conducting another unpopular round of mobilisation. In a bid to tempt new recruits, Mr Putin signed a law on Saturday to offer a debt write-off of up to 10 million roubles (€92,000) to Russians who sign up to fight in Ukraine for at least one year. Daniel McLaughlin is a contributor to The Irish Times from central and eastern EuropeRetail Don't miss out on the headlines from Retail. Followed categories will be added to My News. Millions of Aussies are set to take advantage of the biggest sales of the year by spending an extra $7.5 billion as Black Friday deals hit new heights this weekend. The latest Finder research revealed one in three Australians have already scooped up a deal or plan to take advantage of the Black Friday sales on November 29, while 13 per cent of shoppers are holding out in hope of finding a bargain on Cyber Monday on December 2. Millions of Aussies are taking advantage of Black Friday sales. Picture: NewsWire / Gaye Gerard Black Friday sales kicked off early this year as many retailers launched special deals throughout November. And shoppers snapped up plenty of bargains having each spent on average $607 – or the equivalent to $6.3 billion nationally – across the sales, according to Finder. It’s expected as Black Friday and other sales roll out before Christmas, shoppers will each spend a further $722 on average on – or $7.5bn nationally – before the end of the year. Clothes and shoes top of the list of must buys for many shoppers, with 62 per cent of those surveyed stating they were hoping to grab a bargain. Electronics and gadgets came in second with 41 per cent, while beauty, skincare, and makeup was also a high sale priority with 33 per cent shoppers looking to purchase these items on sale. The Black Friday Sales give shoppers a chance to get some bargains before Christmas. Picture: NewsWire / Gaye Gerard Food and alcohol and accessories bargains were also on people’s shopping list (29 per cent each), while only 26 per cent of shoppers were looking to buy toys on sale. According to news.com.au’s shopping expert Kara Byers, the most sought after items this year include big household purchases such as robot vacuums, Dyson stick vacuums, air fryers , mattresses, as well as pricey tech and electronics such as headphones, laptops and TVs. “We’re seeing a lot of interest in beauty products, COSRX snail mucin, K18 hair mask and the much-coveted Dyson Airstrait are really popular,” Ms Byers said. “When it comes to tech, there’s always interest in headphones, especially Apple AirPods . Samsung devices – like the new Galaxy ring and tablet are selling quickly and, as we get closer to Christmas, TVs and projectors are being snapped up”. “We are finding most brands and retailers will drop their biggest and best discounts during Black Friday and this year, brands are offering up some incredible deals earlier than the actual November 29 start date. So if you see an item you want, we recommend snapping it up,” she said. Meanwhile, the latest Roy Morgan data estimated Australians will spend $6.7bn in the four days between Black Friday and Cyber Monday, which will see an increase by 5.5 per cent in spending compared to the same period last year. Australian Retail Association chief industry affairs officer Fleur Brown said the healthy increase in spending is a positive outcome for retailers after a difficult year marred by tighter consumer budgets. “Shoppers are being savvier than ever with their dollars, which is why they are flocking to sales events like the Black Friday/Cyber Monday weekend to stock up on gifts and personal items,” Ms Brown said. “The full peak season period is predicted to see a more modest 2.7 per cent increase in spending, highlighting not only the growing popularity of Black Friday/Cyber Monday but also the role it is playing in this year’s cost of living challenges. “It’s clear that shoppers still want to enjoy the little luxuries while being wallet-conscious during the cost-of-living crisis.” Ms Brown said shoppers are using sale periods like Black Friday as an opportunity to save big on their Christmas shopping. “Shopping habits are shifting, with more people looking to sales events and buying their Christmas presents earlier than ever,” she said. “Retailers are hopeful this spending boost will hold them in good stead for the New Year.” Australians are also expected to spend $28 billion on food, marking an increase of 4.2 per cent from 2023, according to Roy Morgan. Small businesses will benefit from consumer spending throughout Black Friday and Cyber Monday. Picture: NewsWire / David Mariuz CommBank Small Business Banking executive general manager Rebecca Warren said small businesses are also set to take advantage of the sales. “Black Friday and Cyber Monday mark the start of a busy season for Australian small businesses as we head into the last month of the year,” Ms Warren said. “As consumer demand for a good deal reigns and more competition enters the market, it’s not too late for small businesses to take advantage of tent pole moments like these major shopping events. “Our data shows the top five best performing industries by spend during the 2023 festive season were restaurants and bars, beauty and barber shops, clothing and department stores, homewares and travel. “While these industries continue to perform well, the festive season generates gains for the broader small business community, driving revenue into supporting sectors like marketing and advertising, printing, courier and delivery services.” More Coverage Huge fine to stop supermarket price gouging Jessica Wang Pleas to RBA to ignore Black Friday boom Cameron Micallef Originally published as Aussies set to spend $7.5bn during Black Friday sales More related stories Retail Major Aussie food company collapses A major Australian food company will end production this week, leaving farmers who are owed millions in the lurch. Read more Retail Huge fine to stop supermarket price gouging Australia’s major supermarkets could face at least a $10m fine if they are sprung breaching a new mandatory code in a bid to make things fairer for farmers and families. Read more
Clipper Realty: 7.4% Dividend Yield But Office Property Headwinds Need To Be Addressed For New HighsBoston 107, Minnesota 105Cal staves off Sacramento State for third straight win
Prosecutors have shot down Sean “Diddy” Combs’s insistence that he should be afforded the same free speech rights as President-elect Donald Trump when the rap star tried again to be released on bail following his indictment on sex trafficking, racketeering and transportation for prostitution charges. After Combs was accused of trying to influence jurors from jail in an orchestrated online and phone campaign through friends and family, his attorneys argued in a filing Monday that he should have the same rights Trump enjoyed when he badgered law enforcement officials publicly and online in the election interference case following the storming of the Capitol on Jan. 6, 2021. The case against Trump, brought by Special Counsel Jack Smith is being dropped because there is no precedent for such an action against a sitting president. Combs’s attorney cited the District of Columbia Appeals court decision in United States v. Trump last December in which the court ruled that the former president could only be constrained in his attacks in the case in the event of a “significant and imminent threat to the administration of criminal justice.” The court ruled that Trump is “free to make statements criticizing the current administration, the Department of Justice , and the Special Counsel, as well as statements that this prosecution is politically motivated or that he is innocent of the charges against him.” Combs’s attorneys argued that the “court should apply Trump’s heightened standard when considering” restricting their client’s speech. But prosecutors in the Brooklyn case weren’t buying it. In a response filed later Monday they argued that Trump’s judges “faced the unique task of balancing the right of a current candidate for the presidency to speak publicly about his charges against the public’s right to a fair trial.” They said that Combs’s communications “are not protected by the First Amendment.” The defense team filing was in response to US District Court Judge Arun Subramanian, who last week asked both sides to explain if Combs’ public communications do or don’t constitute obstruction of justice. Combs has already been denied bail twice. The judge said Friday that he would decide on his latest bail application sometime this week. Combs’s trial is set for May 5.Three-Year Term Extension Combined with Simplification and Reduction of Interest Rates Helps Further Strengthen Company's Balance Sheet and Overall Financial Position Builds Upon Other Recent Strategic Financial Activities, including $24.3 Million PIPE Financing Company Continues to Build Strong Foundation for Execution of Growth Strategy; Highlighted by Strengthened Leadership, Improved Financial Position, Enhanced Capabilities, and Expanded Capacity CHASKA, Minn., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Lifecore Biomedical, Inc. (NASDAQ: LFCR ) ("Lifecore”), a fully integrated contract development and manufacturing organization ("CDMO”), today announced that it has entered in an agreement with BMO, a leading provider of global investment and corporate banking services and one of North America's largest banks, which amends and extends the terms of Lifecore's existing asset-based lending ("ABL”) revolving credit facility entered into between Lifecore and BMO in December 2020. The amendment extends the term of the facility by three years to November 2027, as well as simplifying and reducing the interest rates, and providing flexibility for Lifecore as it relates to certain covenants and reporting requirements. "BMO is a highly regarded global provider of corporate banking services and has been a trusted partner to Lifecore for more than 10 years. The willingness of the BMO team to extend and amend our existing revolving credit facility with advantageous terms demonstrates the bank's confidence in our current business, as well as our ability to execute on our go-forward growth strategy,” said Ryan Lake, chief financial officer of Lifecore. "This ABL amendment is the latest positive strategic financial action executed by Lifecore, following our recent successful raising of $24.3 million in a private placement of Lifecore common stock. Together, these activities have significantly improved our balance sheet and overall financial position, providing a strong foundation for future growth.” In recent months, Lifecore has also successfully executed a variety of operational and new business initiatives designed to reshape the company and best position it for continued growth in the rapidly expanding CDMO market. These have included key management team appointments, including CEO and CFO, expansion of manufacturing capabilities and capacity through the installation and qualification of its high-speed, multi-purpose 5-head isolator filler, and the signing of several new customers, highlighted by its high-profile agreement with Lindy Biosciences. About Lifecore Biomedical Lifecore Biomedical, Inc. (Nasdaq: LFCR ) is a fully integrated contract development and manufacturing organization (CDMO) that offers highly differentiated capabilities in the development, fill and finish of sterile injectable pharmaceutical products in syringes, vials, and cartridges, including complex formulations. As a leading manufacturer of premium, injectable-grade hyaluronic acid, Lifecore brings more than 40 years of expertise as a partner for global and emerging biopharmaceutical and biotechnology companies across multiple therapeutic categories to bring their innovations to market. For more information about the company, visit Lifecore's website at www.lifecore.com . Important Cautions Regarding Forward-Looking Statements This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbor created under the Private Securities Litigation Reform Act of 1995 and other safe harbors under the Securities Act of 1933 and the Securities Exchange Act of 1934. Words such as "anticipate”, "estimate”, "expect”, "project”, "plan”, "intend”, "believe”, "may”, "might”, "will”, "should”, "can have”, "likely” and similar expressions are used to identify forward-looking statements. In addition, all statements regarding our anticipated future operating and financial expectations, customer opportunities and relationships are forward-looking statements. All forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially, including such factors among others, as the company's ability to successfully enact its business strategies, including with respect to installation, capacity generation and its ability to attract demand for its services, and its ability expand its relationship with its existing customers or attract new customers; the impact of inflation on Lifecore's business and financial condition; changes in business conditions and general economic conditions both domestically and globally, including rising interest rates and fluctuation in foreign currency exchange rates; Lifecore's ability to access sufficient capital to fund its business strategies; and other risk factors set forth from time to time in Lifecore's SEC filings, including, but not limited to, the Annual Report on Form 10-K for the year ended May 26, 2024 (the "2024 10-K”). For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in the 2024 10-K. Forward-looking statements represent management's current expectations as of the date hereof and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances. CONTACT: Lifecore Biomedical, Inc. Contact Information: Vida Strategic Partners Stephanie Diaz (Investors) 415-675-7401 [email protected] Tim Brons (Media) 415-675-7402 [email protected] Ryan D. Lake (CFO) Lifecore Biomedical 952-368-6244 [email protected]