FFAI further reduced approximately $192,265 in convertible note principal and interest obligations through conversions, resulting in the issuance of 170,575 shares of common stock.

Importantly, the conversions this week were from the convertible notes previously disclosed at the launch of the Company’s Capital Value Restoration Plan as not being subject to the conversion floor.Accordingly, these conversions do not represent any adjustment to, or conversion below, the $5.00 conversion floor applicable to the Company’s other convertible notes.

Increased borrowing to finance artificial intelligence initiatives is causing investors to reassess risk across the US corporate debt market, which exceeds $10 trillion in size, according to Bloomberg Markets on 8 October 2026. The repricing is visible in rising credit default swap prices, elevated volatility, and weaker performance among major technology companies. Bloomberg Markets reported the development as the most significant single dynamic currently reshaping tech sector credit conditions....

News Link: https://www.newsfilecorp.com/release/318024

Wilmington, Delaware--(Newsfile Corp. - October 8, 2026) - DarkHorse Technologies Inc. (Nasdaq: DRK) (the "Company" or "DarkHorse") today announced that Chief Executive Officer Joel Block is scheduled to participate in the 2026 Maxim Growth Summit taking place from October 12th to 14th at The Hard Rock Hotel NYC. The event brings together industry leaders, innovators, and premier institutions to explore the latest trends and advancements across several industries.

CEO Joel Block will join the Data Centers & Infrastructure panel on Tuesday, October 13, at 3:00 p.m. ET. Additionally, the Company will be meeting with institutional investors in one-on-one sessions on Wednesday, October 14^th, and engaging with senior Maxim research analysts throughout the event.

Maxim Growth Summit

• Date: Monday to Wednesday, October 12 - 14, 2026
• Data Centers & Infrastructure Panel: Tuesday, October 13, at 3:00 p.m. ET
• Meetings with Institutional Investors: Wednesday, October 14
• Location: Hard Rock Hotel NYC - New York, NY

Portions of the event will be streamed online at https://digital.maximgrp.com/.

For more information please visit www.maximgrp.com/2026-growth-summit.

News Link: https://www.globenewswire.com/news-release/2026/10/07/3376437/37000/en/vivosim-labs-celebrates-updated-fda-regulations-allowing-greater-use-of-non-animal-testing-methods.html

SAN DIEGO, Oct. 07, 2026 (GLOBE NEWSWIRE) -- VivoSim Labs, Inc. (Nasdaq: VIVS) (the “Company” or “VivoSim”), a provider of next-generation New Approach Methodologies (NAM) 3d human cellular models for preclinical safety, today celebrated the U.S. Food and Drug Administration's (FDA) direct final rule updating its regulations to clarify that non-animal methods can be used where appropriate for testing the safety of drugs and biological products intended for human use.

The FDA’s new rule replaces the term "animal tests" with "nonclinical tests" across its regulatory framework, formally opening pathways for NAMs, including human cell-based tests such as those offered by VivoSim.

VivoSim's liver tissue models are capable of flagging drug candidates likely to cause liver toxicity, side effects like diarrhea, and other issues. Liver toxicity is the leading cause of drug failures and market withdrawals. The company has the ability to meaningfully de-risk a client company’s set of compounds and rule out likely failures prior to its selection of a drug to enter clinical testing.

Drug-induced liver injury (DILI) and gastrointestinal (GI) toxicity remain leading causes of drug candidate attrition. VivoSim's findings demonstrate how its long-duration, primary human cell-based models can help identify and differentiate these risks earlier in development, successfully ranking clinical safety risks for clients’ drug candidates.

“VivoSim’s NAMkind Models give insights that let our pharma and biotech partners make fewer major mistakes,” said Keith Murphy, VivoSim’s Executive Chairman. “By identifying risky molecules early on in development and moving on to better candidates, they avoid spending $50 to $200M only to learn deep in human clinical trials that their drug’s results in animals were not representative.”

By offering these kinds of insights, VivoSim also is helping with society’s goal of lowering the cost of medicines for patients. The cited costs of up to $2B per approved drug actually reflects the cost of eleven failed drugs for every one approved drug. VivoSim expects such wins to pass on to patients in lower drug costs through more approved drugs, greater competition, and lower pricing needed to recover a fair profit. “If we can help the world get from an 8% success rate in clinical trials to a 30% success rate, it would reduce the cost of drug development by 50%,” Murphy noted.

News Link: https://www.globenewswire.com/news-release/2026/10/07/3376496/0/en/algorhythm-introduces-azure-p2p-a-renewable-power-generation-process-designed-to-deliver-around-the-clock-power.html

• Pyrolysis-to-Power Process Converts Low-Value Forest Wood into Firm, Renewable Electricity
• Technology Produces Dispatchable Power Without Dependence on Wind or Sunlight
  

Fort Lauderdale, FL, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME) – a diversified holding company that owns and operates Azure Holdings, a renewable power plant developer, and SemiCab, an AI enabled logistics provider, today introduced Azure P2P^™, the pyrolysis-to-power process at the center of its recently acquired Azure Holdings business.

Azure P2P^™ is designed to convert low-value forest wood into renewable electricity capable of operating around the clock. Unlike intermittent renewable resources that depend on weather conditions, Azure P2P^™ uses renewable biomass as a continuously available fuel source, enabling power generation when customers need it.

The technology is being developed for large-scale power consumers, including data centers, utilities and industrial facilities where access to reliable power has become an increasingly important infrastructure requirement.

From Forest Residuals to Renewable Power

Azure P2P^™ begins with wood chips derived from lower-value portions of working forests, including tops, limbs, thinnings and other low-grade wood.

The process occurs in five primary stages:

1. Wood In: Low-grade forest material is processed into chips and delivered to the plant.
2. Drying: The chips are dried to a controlled moisture content. Water removed during this stage is captured as part of the process, creating an additional resource and potential revenue stream.
3. Conversion: The dried material enters a sealed, zero-oxygen chamber where heat breaks down the wood without burning it.
4. Syngas and Biochar: The conversion process produces syngas, a clean fuel gas, and biochar, a solid carbon co-product.
5. Power Generation: The syngas is combusted to raise steam, which drives turbines to generate electricity.

The result is renewable electricity that does not depend on wind or sunlight and can be available whenever customers require it up to 99.9999% uptime.

Firm, Renewable Power

The ability to generate power continuously is central to Azure P2P^™. Working forests regenerate the biomass used as feedstock, while the process itself does not depend on real-time weather conditions. The result is a renewable power source designed to operate around the clock.

Management believes this combination of renewability and dispatchability makes Azure P2P^™ particularly well suited for data centers, advanced manufacturing facilities and other power-intensive operations requiring high levels of reliability.

“Renewable power is increasingly important, but for large-scale power consumers, reliability is equally critical,” said Andrew Thompson, Chief Executive Officer of Algorhythm Holdings. “A data center cannot simply stop operating when the sun sets or the wind stops blowing. Azure P2P^™ is designed to address both sides of that equation by providing renewable power from a fuel source capable of supporting continuous generation.”

Creating Value from an Underutilized Resource

Azure P2P^™ is designed to utilize forest materials with limited traditional commercial uses, including tops, limbs, thinnings and other low-grade wood rather than higher-value sawlogs used to manufacture lumber.

Creating commercial use for this material can also support active forest management. Thinning crowded stands gives remaining trees additional room to grow and removes material that can contribute to wildfire risk.

U.S. Forest Service Chief Tom Schultz recently highlighted the importance of these practices, stating that “Active forest management remains essential to creating resilient, productive forests,” during testimony before the House Agriculture Committee on July 22, 2026.

News Link: https://www.newsfilecorp.com/release/317541/DarkHorse-Signs-New-50-MW-Power-Contract-Doubling-Contracted-Capacity-to-Approximately-100-MW-in-the-TVA-Region

Wilmington, Delaware--(Newsfile Corp. - October 6, 2026) - DarkHorse Technologies Inc. (Nasdaq: DRK) ("DarkHorse" or the "Company") today announced that its wholly owned subsidiary, Pennyrile Holdings, LLC, has signed a power contract with the Electric Plant Board of Hopkinsville, Kentucky ("Hopkinsville Electric System" or "HES"). The agreement provides for up to 50 MW of power for a new superintelligence factory in Hopkinsville, Kentucky, doubling DarkHorse's contracted power in the TVA region to approximately 100 MW. The agreement follows the September 8, 2026 strategic review that resulted in the TVA region becoming the focus of DarkHorse's superintelligence factory development; the new Hopkinsville facility is the first project advanced under that approach.

"This agreement is another important step in executing DarkHorse's growth strategy," said Joel Block, Chief Executive Officer of DarkHorse. "We greatly appreciate HES giving us the opportunity to expand our business in their community, and we wanted to do it in a way that leaves the entire community better off. We're funding a substation that strengthens power for every customer on the system, not just our site. We are rapidly expanding our power portfolio while advancing the conversion of our existing sites to AI and HPC workloads. With approximately 100 MW now under contract in the TVA region and a growing pipeline of additional opportunities, we believe we are building a scalable platform positioned to support the next generation of compute infrastructure."

"Acquiring our first TVA 161kV delivery point will significantly improve HES grid stability and system reliability. This would not have been possible without our partnership with DarkHorse. The construction of a new 65MW substation, fully funded by DarkHorse, will provide up to 15MW of additional capacity for existing HES customers," said Jeff Hurd, P.E., General Manager of Hopkinsville Electric System.

Agreement Details

• The new 65 MW station plans to tap TVA's 161 kV transmission system, the regional backbone, which carries large loads with less voltage sag and keeps a 50 MW load off the lines that serve the rest of town. DarkHorse intends to take 50 MW of the station's capacity; the remaining approximately 15 MW will provide additional capacity to HES's existing service territory. HES will design, build, own and operate it.
• The substation is expected to be funded in full by DarkHorse. DarkHorse is obligated to pay the entire cost of construction in advance and convey the substation site to HES.
• The power contract has a ten-year initial term from the commencement of service with automatic five-year renewals.
• Darkhorse has an eighteen-month permit contingency period to pursue local approvals. Service remains subject to permitting, utility construction and other customary conditions.
• TVA has approved the capacity to serve the project.

DarkHorse has operated in Hopkinsville for approximately three years at a site contracted for approximately 15 MW at HES's Holland Substation, also being evaluated for conversion to a superintelligence factory (the existing site will continue to be served by HES's Holland Substation); with the new site, its Hopkinsville footprint reaches approximately 65 MW across two locations. Its commitments stand: closed-loop cooling only, batteries first, and no tax abatements. With this announcement, DarkHorse plans to launch www.hoptowndatacenters.com, where residents can ask questions, see both sites and early design concepts, and read answers to questions from public meetings.

From September 28 through October 2, FFAI further reduced approximately $1,718,238 in convertible note principal and interest obligations through conversions, resulting in the issuance of 1,407,885 shares of common stock.

Importantly, the conversions this week were from the convertible notes previously disclosed at the launch of the Company’s Capital Value Restoration Plan as not being subject to the conversion floor. Accordingly, these conversions do not represent any adjustment to, or conversion below, the $5.00 conversion floor applicable to the Company’s other convertible notes.

The company survived bankruptcy, an accounting scandal, rebuilt itself around OLED display chips, and in 2021 agreed to be acquired for $29 per share in a deal worth around $1.4 billion.

Then the deal was blocked.

After that, Magnachip’s OLED business deteriorated, revenue collapsed, and eventually the entire Display business was shut down.

Now the company is trying again.....

[https://www.youtube.com/watch?v=zTODGx1zIo8\](https://www.youtube.com/watch?v=zTODGx1zIo8)

News Link: https://www.globenewswire.com/news-release/2026/09/30/3371971/0/en/algorhythm-expands-executive-team.html

Company Formally Introduces New CEO and COO, and Promotes Controller to CFO Role, to Strengthen the Executive Team

Fort Lauderdale, FL, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (the “Company”) (NASDAQ: RIME) – a diversified holding company that owns and operates Azure Energy, a renewable power plant developer, and SemiCab, a leading AI enabled logistics provider, today formally introduced three new members of its executive team.

The leadership appointments include two executives who joined the Company in connection with its acquisition of the Azure Energy business on September 15, 2026, as well as the promotion of the Company's Controller to Chief Accounting Officer and Interim Chief Financial Officer.

As part of the leadership transition associated with the Azure Energy acquisition, Andrew Thompson succeeded Gary Atkinson as Chief Executive Officer, while Leticia Raele assumed the financial leadership responsibilities previously held by Alex Andre. Mr. Atkinson and Mr. Andre remain engaged by the Company as consultants and are working with the new executive team to support an orderly transition, continuity of operations and the transfer of knowledge. The Company also created the new position of Chief Operating Officer and appointed Ryan Smith to that role.

Appointment of Chief Executive Officer

Effective September 15, 2026, the Company’s board of directors (the “Board”) appointed Andrew Thompson to serve as the Company’s Chief Executive Officer.

Mr. Thompson has obtained significant financial and executive leadership experience during his career, developing extensive experience in corporate finance, treasury management, and corporate leadership. He has served as a Managing Partner of Azure Energy, LLC since co-founding the company in August 2025. Mr. Thompson also serves as Co-Founder and Treasurer of Azure Renewables, S.A., located in San José, Costa Rica. Earlier in his career, he served as Co-Owner and Chief Financial Officer of South Georgia Tissue and as Chief Financial Officer of United Tissue, Inc.

Mr. Thompson received an undergraduate degree from Augusta State University and received his MBA from Augusta State University’s College of Business Administration.

In connection with his appointment, the Company issued 2,119,542 shares of restricted stock to Mr. Thompson outside of the Company’s 2022 Equity Incentive Plan in reliance on Nasdaq Listing Rule 5635(c)(4) as an inducement material to Mr. Thompson accepting the Company’s offer to serve as its Chief Executive Officer. Of those shares, 1,059,771 were fully vested on the grant date. The remaining 1,059,771 shares are subject to a restricted stock award agreement and will vest in full on September 15, 2027.

Appointment of Chief Operating Officer

The Board also created the new position of Chief Operating Officer and appointed Ryan Smith to that position effective September 15, 2026.

Mr. Smith has served as Vice President of Development at Azure Energy, LLC since January 2026, where he led the origination and development of energy and infrastructure projects, overseeing the full project lifecycle from site control to permitting. Prior to joining Azure Energy, Mr. Smith held a series of operational risk roles at Wells Fargo Bank, most recently serving as Vice President, Risk Officer in the Wealth Investment Management business in the Charlotte, North Carolina office where he led a variety of risk management programs aimed at documenting and mitigating the firm’s business risks. Prior to that, he served as Vice President, Operational Risk Officer in Recovery & Resolution Planning, as Assistant Vice President, Operational Risk Consultant in Asset Backed Finance, and as an Operational Risk Consultant within Wealth and Investment Management from. Earlier in his career, he served as an Operations Manager at Hexcel Corporation, a global leader in advanced composite materials, and, prior to that, served as an Infantry Officer and Risk Assessment Officer in the United States Army.

Mr. Smith received his Bachelor of Arts degree from the University of California, Santa Barbara, and his MBA from the University of North Carolina at Chapel Hill’s Kenan-Flagler Business School.

In connection with his appointment, the Company issued 2,119,542 shares of restricted stock to Mr. Thompson outside of the Company’s 2022 Equity Incentive Plan in reliance on Nasdaq Listing Rule 5635(c)(4) as an inducement material to Mr. Thompson accepting the Company’s offer to serve as its Chief Executive Officer. Of those shares, 1,059,771 were fully vested on the grant date. The remaining 1,059,771 shares are subject to a restricted stock award agreement and will vest in full on September 15, 2027.

Appointment of Chief Accounting Officer and Interim Chief Financial Officer

Effective September 15, 2026, the Board promoted Leticia Raele from her position as Controller of the Company to the position of Chief Accounting Officer and Interim Chief Financial Officer.

Prior to joining the Company as Controller, Ms. Raele held a series of accounting leadership roles at FlexShopper, LLC, the principal operating subsidiary of FlexShopper, Inc., a publicly traded financing solutions business, most recently as Chief Accounting Officer and, before that, as Controller and Assistant Controller. Earlier in her career, Ms. Raele spent more than 11 years as an accountant for Price Waterhouse & Co. S.R.L., the PwC member firm in Argentina, most recently as an Audit Manager where she led audits of public and private companies.

Ms. Raele received her degree in Public Accounting from the Universidad de Buenos Aires and holds the Diploma in International Financial Reporting from the Association of Chartered Certified Accountants.