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<figure class="wp-block-image aligncenter size-full is-resized"><img src="https://dashboard.channelchek.com/wp-content/uploads/2024/01/cndt_logo.png" alt="" class="wp-image-83188" style="width:126px;height:auto"/></figure>



<a href="https://www.channelchek.com/company/cndt">Research News and Market Data on CNDT</a>



May 21, 2026



<a href="https://www.news.conduent.com/news?c=26151">Corporate</a>&nbsp;<a href="https://www.news.conduent.com/news?c=26173">Transportation</a>



Transaction Expected to Close Before the End of 2026



Conduent Continues to Fortify Its Balance Sheet



Conduent Retains Ownership of Tolling Business Segment



<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.conduent.com%2F&amp;esheet=54540519&amp;newsitemid=20260521304589&amp;lan=en-US&amp;anchor=Conduent+Incorporated&amp;index=1&amp;md5=82111d8f52afc913b0da85f97427d086" rel="noreferrer noopener" target="_blank">Conduent Incorporated&nbsp;</a>(Nasdaq: CNDT), a global technology‑driven business solutions and services provider, today announced that it has entered into a definitive agreement to sell its Public Transit business, an operating unit of&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.conduent.com%2Ftransportation-solutions%2F&amp;esheet=54540519&amp;newsitemid=20260521304589&amp;lan=en-US&amp;anchor=Conduent+Transportation&amp;index=2&amp;md5=f15e449a47e5ccb0a6effa7352e2c44f" rel="noreferrer noopener" target="_blank">Conduent Transportation</a>, to Modaxo, a global technology organization focused on moving the world’s people. The Public Transit business consists of Transit Fare Management and Fleet Management Solutions businesses.



The sale has a purchase price of $164 million. The companies expect the transaction to close before the end of 2026, subject to customary conditions and regulatory approvals.



“This transaction advances our strategy to simplify the portfolio, sharpen focus on our core businesses, and strengthen our financial foundation. Consistent with the disciplined execution outlined in Q1, it further positions Conduent to deliver sustainable, long-term value for our shareholders, clients, and employees,” said Harsha V. Agadi, Conduent President and Chief Executive Officer. “Modaxo’s technology focus makes it a strong strategic fit for the Public Transit business and those it serves. We remain committed to delivering outstanding quality and performance for our Transportation clients as we prepare for closing and ensure a seamless transition for clients and employees.”



With global operations, the Public Transit business offers fare collection systems, fleet management systems, payment and revenue management platforms, and other hardware‑enabled mobility systems.



Conduent Transportation’s remaining Tolling business provides mission‑critical technology that enables all‑electronic tolling, roadside, and back‑office processing, image review, violation enforcement and analytics. It supports more than 14 million tolling transactions per day.



Additional details of the transaction are outlined in Conduent’s 8-K filed with the U.S. Securities and Exchange Commission (SEC) today.



About Conduent Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 48,000 associates, process expertise and advanced technologies, Conduent’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ missions in many ways including disbursing approximately $80 billion in government payments annually, enabling approximately 2.0 billion customer service interactions annually, empowering millions of employees through HR services every year and processing over 14 million tolling transactions every day. Learn more at&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.conduent.com&amp;esheet=54540519&amp;newsitemid=20260521304589&amp;lan=en-US&amp;anchor=www.conduent.com&amp;index=3&amp;md5=4a3fd2ae20f5c3589d7e4fe43801d67b" rel="noreferrer noopener" target="_blank">www.conduent.com</a>.



About Modaxo Modaxo is a global technology organization passionate about moving the world’s people. Working both together and independently, our collective of businesses is committed to delivering software and technology solutions that help connect people with the places they need to go for work, family, and everyday life. Learn more at&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fmodaxo.com%2F&amp;esheet=54540519&amp;newsitemid=20260521304589&amp;lan=en-US&amp;anchor=Modaxo.com&amp;index=4&amp;md5=51a8a85931ae968a77c9ee24a33cd8a1" rel="noreferrer noopener" target="_blank">Modaxo.com</a>.



Note:&nbsp;To receive RSS news feeds, visit&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.news.conduent.com%2F&amp;esheet=54540519&amp;newsitemid=20260521304589&amp;lan=en-US&amp;anchor=www.news.conduent.com&amp;index=5&amp;md5=83ea3c6c28983ec78d39dfbed6bc9b43" rel="noreferrer noopener" target="_blank">www.news.conduent.com</a>. For open commentary, industry perspectives and views, visit&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Ftwitter.com%2FConduent&amp;esheet=54540519&amp;newsitemid=20260521304589&amp;lan=en-US&amp;anchor=http%3A%2F%2Ftwitter.com%2FConduent&amp;index=6&amp;md5=31e051f61264f53e4ab885ba9f14b713" rel="noreferrer noopener" target="_blank">http://twitter.com/Conduent</a>,&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fconduent&amp;esheet=54540519&amp;newsitemid=20260521304589&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fconduent&amp;index=7&amp;md5=6765c9ae8f07c6fcadff0e2307c6f1b4" rel="noreferrer noopener" target="_blank">http://www.linkedin.com/company/conduent&nbsp;</a>or&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.facebook.com%2FConduent&amp;esheet=54540519&amp;newsitemid=20260521304589&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.facebook.com%2FConduent&amp;index=8&amp;md5=9baf424076a2d0f6390cd8c4bc1e5446" rel="noreferrer noopener" target="_blank">http://www.facebook.com/Conduent</a>.



Trademarks Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.



Forward-Looking Statements This press release may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “estimate,” “expect,” "plan," “intend,” “will,” “aim,” “should,” “could,” “forecast,” “target,” “may,” "continue to," “endeavor,” "if,” “growing,” “projected,” “potential,” “likely,” "see," "ahead," "further," "going forward," "on the horizon," and similar expressions (including the negative and plural forms of such words and phrases), as they relate to us, are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements other than statements of historical fact included in this press release are forward-looking statements, including, but not limited to, all statements regarding the sale of Conduent’s Public Transit business, including that such transaction will be consummated and the timing of such consummation, expectations regarding our strategy to simplify our portfolio, sharpen our focus, strengthen our financial foundation, and drive value for our shareholders, clients and employees. These statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, many of which are outside of our control, that could cause actual results to differ materially from those expected or implied by such forward-looking statements contained in this press release, any exhibits to this press release and other public statements we make. Important factors and uncertainties that could cause actual results to differ materially from those in our forward-looking statements include, but are not limited to: Conduent’s ability to realize the benefits anticipated from the sale of its Public Transit business, including as a result of a delay or failure to obtain certain required regulatory approvals or the failure of any other condition to the closing of the transaction such that the closing of the transaction is delayed or does not occur; unexpected costs, liabilities or delays in connection with the proposed transaction; the significant transaction costs associated with the proposed transaction; negative effects of the announcement, pendency or consummation of the transaction on the market price of our common stock or operating results, including as a result of changes in key customer, supplier, employee or other business relationships; the risk of litigation or regulatory actions; our inability to retain and hire key personnel; the risk that certain contractual restrictions contained in the definitive transaction agreement during the pendency of the proposed transaction could adversely affect our ability to pursue business opportunities or strategic transactions; and other factors that are set forth in the “Risk Factors” and other sections of our Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with or furnished to the Securities and Exchange Commission. Any forward-looking statements made by us in this press release speak only as of the date on which they are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether because of new information, subsequent events or otherwise, except as required by law.



<figure class="wp-block-image"><img src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260521304589r1&amp;sid=quot2&amp;distro=nx&amp;lang=en" alt=""/></figure>



View source version on businesswire.com:&nbsp;<a href="https://www.businesswire.com/news/home/20260521304589/en/" rel="noreferrer noopener" target="_blank">https://www.businesswire.com/news/home/20260521304589/en/</a>



Media Contacts: Remy Kaul, Conduent,&nbsp;<a href="mailto:remy.kaul@conduent.com">remy.kaul@conduent.com</a>



Neil Franz, Conduent,&nbsp;<a href="mailto:neil.franz@conduent.com">neil.franz@conduent.com</a>, +1-240-687-0127



Investor Relations Contact: Conduent,&nbsp;<a href="mailto:ir@conduent.com">ir@conduent.com</a>

Research News and Market Data on CNDT



May 21, 2026



Corporate&nbsp;Transportation



Transaction Expected to Close Before the End of 2026



Conduent Continues to Fortify Its Balance Sheet



Conduent Retains Ownership of Tolling Business Segment



Conduent Incorporated&nbsp;(Nasdaq: CNDT), a global technology‑driven business solutions and services provider, today announced that it has entered into a definitive agreement to sell its Public Transit business, an operating unit of&nbsp;Conduent Transportation, to Modaxo, a global technology organization focused on moving the world’s people. The Public Transit business consists of Transit Fare Management and Fleet Management Solutions businesses.



The sale has a purchase price of $164 million. The companies expect the transaction to close before the end of 2026, subject to customary conditions and regulatory approvals.



“This transaction advances our strategy to simplify the portfolio, sharpen focus on our core businesses, and strengthen our financial foundation. Consistent with the disciplined execution outlined in Q1, it further positions Conduent to deliver sustainable, long-term value for our shareholders, clients, and employees,” said Harsha V. Agadi, Conduent President and Chief Executive Officer. “Modaxo’s technology focus makes it a strong strategic fit for the Public Transit business and those it serves. We remain committed to delivering outstanding quality and performance for our Transportation clients as we prepare for closing and ensure a seamless transition for clients and employees.”



With global operations, the Public Transit business offers fare collection systems, fleet management systems, payment and revenue management platforms, and other hardware‑enabled mobility systems.



Conduent Transportation’s remaining Tolling business provides mission‑critical technology that enables all‑electronic tolling, roadside, and back‑office processing, image review, violation enforcement and analytics. It supports more than 14 million tolling transactions per day.



Additional details of the transaction are outlined in Conduent’s 8-K filed with the U.S. Securities and Exchange Commission (SEC) today.



About ConduentConduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 48,000 associates, process expertise and advanced technologies, Conduent’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ missions in many ways including disbursing approximately $80 billion in government payments annually, enabling approximately 2.0 billion customer service interactions annually, empowering millions of employees through HR services every year and processing over 14 million tolling transactions every day. Learn more at&nbsp;www.conduent.com.



About ModaxoModaxo is a global technology organization passionate about moving the world’s people. Working both together and independently, our collective of businesses is committed to delivering software and technology solutions that help connect people with the places they need to go for work, family, and everyday life. Learn more at&nbsp;Modaxo.com.



Note:&nbsp;To receive RSS news feeds, visit&nbsp;www.news.conduent.com. For open commentary, industry perspectives and views, visit&nbsp;http://twitter.com/Conduent,&nbsp;http://www.linkedin.com/company/conduent&nbsp;or&nbsp;http://www.facebook.com/Conduent.



TrademarksConduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.



Forward-Looking StatementsThis press release may contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “believe,” “estimate,” “expect,” &#8220;plan,&#8221; “intend,” “will,” “aim,” “should,” “could,” “forecast,” “target,” “may,” &#8220;continue to,&#8221; “endeavor,” &#8220;if,” “growing,” “projected,” “potential,” “likely,” &#8220;see,&#8221; &#8220;ahead,&#8221; &#8220;further,&#8221; &#8220;going forward,&#8221; &#8220;on the horizon,&#8221; and similar expressions (including the negative and plural forms of such words and phrases), as they relate to us, are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. All statements other than statements of historical fact included in this press release are forward-looking statements, including, but not limited to, all statements regarding the sale of Conduent’s Public Transit business, including that such transaction will be consummated and the timing of such consummation, expectations regarding our strategy to simplify our portfolio, sharpen our focus, strengthen our financial foundation, and drive value for our shareholders, clients and employees. These statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, many of which are outside of our control, that could cause actual results to differ materially from those expected or implied by such forward-looking statements contained in this press release, any exhibits to this press release and other public statements we make. Important factors and uncertainties that could cause actual results to differ materially from those in our forward-looking statements include, but are not limited to: Conduent’s ability to realize the benefits anticipated from the sale of its Public Transit business, including as a result of a delay or failure to obtain certain required regulatory approvals or the failure of any other condition to the closing of the transaction such that the closing of the transaction is delayed or does not occur; unexpected costs, liabilities or delays in connection with the proposed transaction; the significant transaction costs associated with the proposed transaction; negative effects of the announcement, pendency or consummation of the transaction on the market price of our common stock or operating results, including as a result of changes in key customer, supplier, employee or other business relationships; the risk of litigation or regulatory actions; our inability to retain and hire key personnel; the risk that certain contractual restrictions contained in the definitive transaction agreement during the pendency of the proposed transaction could adversely affect our ability to pursue business opportunities or strategic transactions; and other factors that are set forth in the “Risk Factors” and other sections of our Annual Report on Form 10-K, as well as in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with or furnished to the Securities and Exchange Commission. Any forward-looking statements made by us in this press release speak only as of the date on which they are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether because of new information, subsequent events or otherwise, except as required by law.







View source version on businesswire.com:&nbsp;https://www.businesswire.com/news/home/20260521304589/en/



Media Contacts:Remy Kaul, Conduent,&nbsp;remy.kaul@conduent.com



Neil Franz, Conduent,&nbsp;neil.franz@conduent.com, +1-240-687-0127



Investor Relations Contact:Conduent,&nbsp;ir@conduent.com

Release - Conduent Announces Agreement to Sell Its Public Transit Business to Modaxo for $164 Million

CNDT

Conduent

<figure class="wp-block-image aligncenter is-resized"><img src="https://investors.cardiffoncology.com/sites/g/files/knoqqb89771/themes/site/client_site/dist/images/cardiff-logo-color.png" alt="Cardiff Oncology, Inc. logo" style="width:290px;height:auto"/></figure>



<a href="https://www.channelchek.com/company/crdf">Research News and Market Data on CRDF</a>



May 21, 2026



<a href="https://investors.cardiffoncology.com/node/12226/pdf" target="_blank" rel="noreferrer noopener">PDF Version</a>



<h3 class="wp-block-heading">Updated Phase 2 CRDF-004 data to be presented during ASCO 2026 rapid oral session on June 2, 2026; investor webcast scheduled for June 3, 2026 at 8:30 am ET to review the data</h3>



SAN DIEGO, Calif., May 21, 2026 (GLOBE NEWSWIRE) -- Cardiff Oncology, Inc. (Nasdaq: CRDF), a clinical-stage biotechnology company leveraging PLK1 inhibition to develop novel cancer therapies, today announced that it will host an investor webcast featuring members of management on June 3, 2026 at 8:30 am ET to review updated data from CRDF-004, a randomized dose-finding Phase 2 clinical trial evaluating onvansertib in combination with standard-of-care regimens (FOLFIRI/bevacizumab or FOLFOX/bevacizumab) in patients with first-line RAS-mutated metastatic colorectal cancer (mCRC).



The updated CRDF-004 data will first be presented during a rapid oral session at the 2026 American Society of Clinical Oncology (ASCO) Annual Meeting on June 2, 2026 at 8:00 am CT/9:00 am ET and will build on the CRDF-004 data previously presented in January 2026. More details about the oral presentation are available on the Company’s website&nbsp;<a href="https://www.globenewswire.com/Tracker?data=s4JdktZ9NbbzwDOp_HVU4apIG_OjCwglKDpXIMTH6c4S6fwJb9me4a7cmIg91z-c-PkKkvk8wovhXbuG2HC78HC5cj-sGVVvVrnZGDzaatJUlycGxhkQcBvqy4KnOohLCGZjGQKYr7IdXMoCCEz-f3-_E0gI8zorPmoz-aOHRBrpe_vXN2_9YxZbE5PUfGbCQM2WRER6lw8bKkaVpM28aGmAingT1HYm41YAYXIKMWk=" rel="noreferrer noopener" target="_blank">here</a>&nbsp;and the full abstract is now available on the ASCO website.



Investor Webcast Details The investor webcast will take place on June 3 at 8:30 am ET. To register for and access the live webcast, please visit the “Events” page of the Cardiff Oncology website.



About Onvansertib Onvansertib is a highly specific, oral PLK1 inhibitor advancing toward a registrational trial in first-line RAS-mutated metastatic colorectal cancer (mCRC). In a randomized Phase 2 trial, onvansertib in combination with FOLFIRI/bevacizumab (first-line standard-of-care) demonstrated dose-dependent improvements in overall response rate and progression-free survival compared to standard-of-care alone, building on findings from a prior Phase 2 trial in second-line RAS-mutated mCRC. Based on these results, the Company has selected the 30 mg dose of onvansertib in combination with FOLFIRI/bevacizumab for advancement into a registrational trial in first-line patients with RAS-mutated mCRC.



Onvansertib is also being evaluated in multiple other cancers through investigator-initiated studies, including metastatic pancreatic ductal adenocarcinoma (mPDAC), small cell lung cancer (SCLC), triple-negative breast cancer (TNBC), and chronic myelomonocytic leukemia (CMML).



About Cardiff Oncology, Inc. Cardiff Oncology is a clinical-stage biotechnology company advancing innovative cancer treatments focused on PLK1 inhibition, a validated oncology target with practice-changing potential. Our lead asset, onvansertib, is a highly specific, oral PLK1 inhibitor currently being evaluated in a Phase 2 trial for first-line treatment of RAS-mutated metastatic colorectal cancer (mCRC), addressing a large, underserved patient population with high unmet need. Onvansertib is also under investigation in other PLK1-driven cancers through ongoing investigator-initiated trials and has shown robust single agent clinical activity in hard-to-treat tumors. By targeting tumor vulnerabilities, we aim to overcome treatment resistance and deliver improved clinical outcomes for patients.



For more information, please visit&nbsp;<a href="https://www.globenewswire.com/Tracker?data=FkpTUNa2uB2BZsvRidtmVDMU_9GA78iSfbep5jveX3jg6Vo0qGCQ1fwvRn4wXjMh5Qfaf5Wubb-9qBuLG0eGN-fz2e8jOzAGKtEwXZp3YVl_KuoE5RjAt0t1iRauqSmz" rel="noreferrer noopener" target="_blank">https://www.cardiffoncology.com</a>.



Forward-Looking Statements Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified using words such as "anticipate," "believe," "forecast," "estimated" and "intend" or other similar terms or expressions that concern Cardiff Oncology's expectations, strategy, plans or intentions. These forward-looking statements are based on Cardiff Oncology's current expectations and actual results could differ materially. There are several factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, clinical trials involve a lengthy and expensive process with an uncertain outcome, and results of earlier studies and trials may not be predictive of future trial results; our clinical trials may be suspended or discontinued due to unexpected side effects or other safety risks that could preclude approval of our product candidate; results of preclinical studies or clinical trials for our product candidate could be unfavorable or delayed; our need for additional financing; risks related to business interruptions, including cyber-attacks on our information technology infrastructure, which could seriously harm our financial condition and increase our costs and expenses; uncertainties of government or third party payer reimbursement; dependence on key personnel; limited experience in marketing and sales; substantial competition; uncertainties of patent protection and litigation; dependence upon third parties; and risks related to failure to obtain FDA clearances or approvals and noncompliance with FDA regulations. There are no guarantees that our product candidate will be utilized or prove to be commercially successful. Additionally, there are no guarantees that future clinical trials will be completed or successful or that our product candidate will receive regulatory approval for any indication or prove to be commercially successful. Investors should read the risk factors set forth in Cardiff Oncology's Form 10-K for the year ended December 31, 2025, and other periodic reports filed with the Securities and Exchange Commission. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Forward-looking statements included herein are made as of the date hereof, and Cardiff Oncology does not undertake any obligation to update publicly such statements to reflect subsequent events or circumstances.



Investor Contact: Candice Masse astr partners <a href="https://www.globenewswire.com/Tracker?data=HkC2nlCHdIlZMOIzj0RNa3JisMwN4D1tahdGQGZ1KFe30XwYxqWA7Kw9JtC3oVYSpWZbqUwXQbOHlaRWEQA9EguQkbkpU4Jrgx-VM_yKEjPMh3fJvNdZGMpsPiS3LnqS4iS4gQvjNlwGh_gOE31aszqWjfzCVtCRdAYNn_lER2R5FEkWJMFNTNJGFqXR7ndXnBytxDbnoC3lnBJN44b1I3ofcLfBNRgv6WzeOfFMNGA249-3i7DQzkAaUSO7OYJV7GBhRkZecv38kIcjneBxQu2844VQO1t-LJhi2eYi7K3gyOmyCiKVkIRl8VcRV8aZQt4iDBIyC72aRXJE2BIWCLArh7aC8wcf5Pl-Ko2-XUInHTitM4vyLjHUccpwu51qfNlPPZ5Bm5oxHmGIdgJpdVLdHkiyNoY7mTavv6ksxpsXVJD38K1DZLgUV9U6Kk8UsaFIvjqNWlZBChjokvTlcyvGkONd-UiFvr3nTediTurjOjyQHWnXS94pXOsroo8uonfJ1i-BCfzbL1KdRSfIh6ONtAyYi_Zz-aDs_-CQh2nRpnals06bSiDNTrkFzXM6" rel="noreferrer noopener" target="_blank">candice.masse@astrpartners.com</a>



Media Contact: Amy Bonanno Lyra Strategic Advisory <a href="https://www.globenewswire.com/Tracker?data=y1Q-fzbPCCEcuf2TnYoKbH8OfN-Jo2VwZ2gzh63wwNJ3RBkjZs9ztd2_IJtZQpueA5_y2u2P_WofRBSFkv67hdLSWqzjPJegwuELlApF4bFd7Al6D3r8z1xqipjEqezPYHVo56Ffky_KvT5AyC4sU4RaSYyaFqDiJ8HRgke_nTJlESbPuW-zS96r2jE9yHYIGtSiwAt6gNMh4mNy3DBBi-OuyYYeA68AkheqeyTYcK96UIrL4bSmb0_SO3zy8iuytbKmVIoK4KF1SOwBv5WATjlHLw9aULKhBGtaI_Pn1DQ7Hay-dSDkNYv-Gy51gFmKub0QPRqI-82PH1JFpTB46yvRaJjlh7vXVKj30ZqTrYWmSqDCahXpWxgE00iYO-kjwHAh0e6YF0So9VAjs42NWdTi2B0mU26QrS5GgQktTc3pXPczdOxykQkUOdhdItdGvxqEWbEGN-TKv5NAI8Sll9LFEFbOQ1JSwXQNvNxdyNdPoHGobi3gAOMrmfO_9TGDxU0Oy1gYgHB_L8NN9TzjoQ==" rel="noreferrer noopener" target="_blank">abonanno@lyraadvisory.com</a>

Research News and Market Data on CRDF



May 21, 2026



PDF Version



Updated Phase 2 CRDF-004 data to be presented during ASCO 2026 rapid oral session on June 2, 2026; investor webcast scheduled for June 3, 2026 at 8:30 am ET to review the data



SAN DIEGO, Calif., May 21, 2026 (GLOBE NEWSWIRE) &#8212; Cardiff Oncology, Inc. (Nasdaq: CRDF), a clinical-stage biotechnology company leveraging PLK1 inhibition to develop novel cancer therapies, today announced that it will host an investor webcast featuring members of management on June 3, 2026 at 8:30 am ET to review updated data from CRDF-004, a randomized dose-finding Phase 2 clinical trial evaluating onvansertib in combination with standard-of-care regimens (FOLFIRI/bevacizumab or FOLFOX/bevacizumab) in patients with first-line RAS-mutated metastatic colorectal cancer (mCRC).



The updated CRDF-004 data will first be presented during a rapid oral session at the 2026 American Society of Clinical Oncology (ASCO) Annual Meeting on June 2, 2026 at 8:00 am CT/9:00 am ET and will build on the CRDF-004 data previously presented in January 2026. More details about the oral presentation are available on the Company’s website&nbsp;here&nbsp;and the full abstract is now available on the ASCO website.



Investor Webcast DetailsThe investor webcast will take place on June 3 at 8:30 am ET. To register for and access the live webcast, please visit the “Events” page of the Cardiff Oncology website.



About OnvansertibOnvansertib is a highly specific, oral PLK1 inhibitor advancing toward a registrational trial in first-line RAS-mutated metastatic colorectal cancer (mCRC). In a randomized Phase 2 trial, onvansertib in combination with FOLFIRI/bevacizumab (first-line standard-of-care) demonstrated dose-dependent improvements in overall response rate and progression-free survival compared to standard-of-care alone, building on findings from a prior Phase 2 trial in second-line RAS-mutated mCRC. Based on these results, the Company has selected the 30 mg dose of onvansertib in combination with FOLFIRI/bevacizumab for advancement into a registrational trial in first-line patients with RAS-mutated mCRC.



Onvansertib is also being evaluated in multiple other cancers through investigator-initiated studies, including metastatic pancreatic ductal adenocarcinoma (mPDAC), small cell lung cancer (SCLC), triple-negative breast cancer (TNBC), and chronic myelomonocytic leukemia (CMML).



About Cardiff Oncology, Inc.Cardiff Oncology is a clinical-stage biotechnology company advancing innovative cancer treatments focused on PLK1 inhibition, a validated oncology target with practice-changing potential. Our lead asset, onvansertib, is a highly specific, oral PLK1 inhibitor currently being evaluated in a Phase 2 trial for first-line treatment of RAS-mutated metastatic colorectal cancer (mCRC), addressing a large, underserved patient population with high unmet need. Onvansertib is also under investigation in other PLK1-driven cancers through ongoing investigator-initiated trials and has shown robust single agent clinical activity in hard-to-treat tumors. By targeting tumor vulnerabilities, we aim to overcome treatment resistance and deliver improved clinical outcomes for patients.



For more information, please visit&nbsp;https://www.cardiffoncology.com.



Forward-Looking StatementsCertain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified using words such as &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;forecast,&#8221; &#8220;estimated&#8221; and &#8220;intend&#8221; or other similar terms or expressions that concern Cardiff Oncology&#8217;s expectations, strategy, plans or intentions. These forward-looking statements are based on Cardiff Oncology&#8217;s current expectations and actual results could differ materially. There are several factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, clinical trials involve a lengthy and expensive process with an uncertain outcome, and results of earlier studies and trials may not be predictive of future trial results; our clinical trials may be suspended or discontinued due to unexpected side effects or other safety risks that could preclude approval of our product candidate; results of preclinical studies or clinical trials for our product candidate could be unfavorable or delayed; our need for additional financing; risks related to business interruptions, including cyber-attacks on our information technology infrastructure, which could seriously harm our financial condition and increase our costs and expenses; uncertainties of government or third party payer reimbursement; dependence on key personnel; limited experience in marketing and sales; substantial competition; uncertainties of patent protection and litigation; dependence upon third parties; and risks related to failure to obtain FDA clearances or approvals and noncompliance with FDA regulations. There are no guarantees that our product candidate will be utilized or prove to be commercially successful. Additionally, there are no guarantees that future clinical trials will be completed or successful or that our product candidate will receive regulatory approval for any indication or prove to be commercially successful. Investors should read the risk factors set forth in Cardiff Oncology&#8217;s Form 10-K for the year ended December 31, 2025, and other periodic reports filed with the Securities and Exchange Commission. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Forward-looking statements included herein are made as of the date hereof, and Cardiff Oncology does not undertake any obligation to update publicly such statements to reflect subsequent events or circumstances.



Investor Contact:Candice Masseastr partnerscandice.masse@astrpartners.com



Media Contact:Amy BonannoLyra Strategic Advisoryabonanno@lyraadvisory.com

Release - Cardiff Oncology Announces Webcast to Discuss Updated Phase 2 CRDF-004 Data for Onvansertib in First-Line RAS-Mutated mCRC

Cardiff Oncology

CRDF

<figure class="wp-block-image aligncenter size-full is-resized"><img src="https://dashboard.channelchek.com/wp-content/uploads/2022/03/iii_logo.png" alt="" class="wp-image-7206" style="width:83px;height:auto"/></figure>



Upcoming ISG Provider Lens® report will evaluate providers that modernize workforce operations with AI, data integration and continuous optimization



STAMFORD, Conn.--(BUSINESS WIRE)-- Information Services Group (<a href="https://url.emailprotection.link/?bDjjNEOapM7vAQuaQSYbFusxGntxnl2sQcgzyJh5IhKUHQ5-a7OG9xz0JqNE3JLOK87XWwKsJ46RHXI6zzaVuOPv3307Rm9QrLublyF-p8Ge5U189DcTBolz692R--Yb-r-KaHYhiFynznGHEBb9JoQ42jXHp4-hdzaqW8Tsne_-IvXT4k0zuTsxyhLPxxIwKzohWzFEQmjQBd1c6Ioy9MYnQCgZOyjYKH2VrJHegbBVf0s3u14mXTmglDS5_VGONFibailRkNRdi44Sc1vb5L0f-IbM5SeeBYlj7LPyFDK6Yz25HK6lhOn_D-1IcTT2lJvLGIOhDa76x5xAp1groIaQUWxcMR8fDMmVrUm4pcNkESLhNS3HfczOcipXobbytIsh2-Q-Ies5cKSCNGao-p7hcrxXsKuH8H5Q4WL80mqwm5vtthGWw4qrBOvG4k9DahlGAoOZGSIgZJDlsGSgcRb2Rbvdp-D75nxGPo-65xciySrNG5t9wobcKnfvARzWDgrkAW_pMHkKlIy-f0gGqU9bCgV5ffZL665yv5pjxTLiHIKD2UUFgFQPLn4XJAQepXo8Xwo7Net-9hXj6cH4QgGuZjjor50M0LrWnxxIeoMdog8gFMo_a1_hJvHb5cvFTH7ziD5UeYKMA5Q2B6b5zmZmAyJ-nNtF32Dc_mH4xu1FrsgyaQdATxR72xja4NmemoBOfx3c-IwNwzfmZ5CpZmVCRN5L5TJ07AT13KxVAiGPb2qfR1gu-nh0Rb4m6_11RkxcaxpQpLxdkEhr2ySSWjhx-gSrymKj9J0G-5bjiiOuzPeG4U7Ad2IROgOugkNdpGRCx8ofRxgCcBD6RBnW50w~~">ISG</a>) (Nasdaq: <a href="https://url.emailprotection.link/?bTt3fbEEQHnwhOPUxCJFzFTJ-noH_mX2F8vg0SBX15qdg2WsKJ4xhrQsc8cu9CjF19yVKCCFSaZ7YYvqvnLeoL_4_uIOm9Ca3LjSe-iI7H2TzaUDDcj9hP2XlQLuAM4n0qWVQHJObHD_WDTnn-7atytIQpg4ZtUHLvcDnJfSqeaZ7Jn7QZn02SK2fFAak8k2FZFj-IDsJtKLEA2dRvtXs4LbKAUPakVL39cwvD-SQ0igTv_k9GacalDmK2czQD9BhliOSPlfCSPPTn4FTsDQOwLKp9HWpkEd_HG4EGsCbR9zv58HZ_ATOprd6exu6zcYAPAnIpNNqamWYt0_lIrlzlAcxIwvLCasBzRqvNQ_V0Utu8VE3wSA-8YOh4BMLfQS9JdyIHsK3qfd64wtYwt3aZerwDBgI4lCRbzhD-c1H84vFv6m6XKOSz3lYKC-OszdC0mJ8zQvOJMlgXSjzlq7CMGg0_yPDFmJ_DDYBGUBlHykaLaA4UI5c4QzxFicNUw8Y8yjds-FQNmqsv2cqC49ytWsBnJz34Vq-FUzUE4bFofk-m2IjWuXj7oXPUNxD4A5dDGe3DsfIw1REps5qyAF1-USq5o1un_J8CjhUbmZuu7jeKeOAJgj5FwFKgXlOgGcyvvenaxEdpYaE0aZqYfM6qorukK62V57zhR0nIBwSNlVl9xQZbzqQc_LSp8aOpkSwPn5Gd5oDLmJwqOWk1VvZ8hRZbmjFWJXwTBOOhIYH16LzWkfqcKaEqrPX9faeCdmRz367rb-vjZpTikexBdAE9oAvzoVv7ehT2thzzietMjSWAPfzuhOAi-TD9CulO4JVRMUn7HP9VVO3Dx64dZ1cPvaD-ewEPrNb_--U7TERRkYwhLGJl5F_VMx98hX-Ag2l">III</a>), a global AI-centered technology research and advisory firm, has launched a research study examining service providers helping enterprises adopt more data-centric, AI-enabled approaches to workforce management through the UKG Pro ecosystem.



The study results will be published in a comprehensive ISG Provider Lens® report, called UKG Pro Ecosystem, scheduled to be released in October 2026. The report will cover companies offering transformation, deployment, integration and performance and optimization services for UKG Pro environments.



Enterprise buyers will be able to use the report’s insights to evaluate their current vendor relationships, identify potential new engagements and compare available offerings. ISG advisors will use the research to guide clients through increasingly complex transformation and platform investment decisions.



Organizations increasingly are adopting AI-enabled HR capabilities, unified workforce data architectures and continuous optimization models to improve workforce intelligence, operational efficiency and employee experiences. As enterprises seek providers that support long-term transformation, AI readiness, organizational change management and post-deployment HCM platform optimization, the UKG Pro service partner ecosystem is evolving beyond implementation-focused engagements to deliver more intelligent, integrated and data-driven workforce operations.



“Enterprises are looking beyond core HCM deployments and focusing on intelligent, continuously evolving workforce operations,” said Namratha Dharshan, chief business leader, ISG. “Providers with UKG Pro expertise, AI readiness and data strategy capabilities will help organizations realize greater value from workforce technology investments.”



ISG has distributed surveys to approximately 50 UKG Pro ecosystem providers. Working in collaboration with ISG’s global advisors, the research team will produce three quadrants representing the UKG Pro services the typical enterprise is buying, based on ISG’s experience working with its clients. The three quadrants are:



<ul class="wp-block-list">
<li>Transformation Services, evaluating providers that guide enterprises through HCM transformation strategy, operating model redesign, organizational change management and AI readiness planning for UKG Pro environments.</li>



<li>Deployment and Integration Services,assessing providers that design, configure and deploy UKG Pro solutions while integrating them with broader enterprise technology ecosystems through scalable architectures and migration frameworks.</li>



<li>Performance and Optimization Services, covering providers that help enterprises sustain, optimize and continuously improve UKG Pro environments through application management, analytics development, managed services and AI-enabled operational enhancements.</li>
</ul>



This report produced from the study will cover the global UKG Pro ecosystem market and examine products and services available in the U.S. ISG analyst Gaurang Pagdi will serve as the author of the report.



A list of identified providers and vendors and further details on the study are available in this digital <a href="https://url.emailprotection.link/?bFkb3dcytc7pCWh8btsJmCQd9XOn3Jz5K39DzRPq4DsmD8dnMGjmkpbvlettgTxPZq1vQd31iti62ayfZWYVjn-z9w6rdhZQxeGCKvR4PvkmgjMC5Y8B0VMoiqi3tBgoX7xR0ovYct4gnf_Apo2GDsZnM6TOWqBOeOPEFu3ULkAaRTwU8gW35IHKFVMFcMdGph7CpdCJdqACNoMArZ-fvkjONOHDUqAMlbom-1Gl-QgdJQTZE93uNIhGnHaYy8cLApTBeWoP41M_VebMtTXzmMz4DgOD-DWWUfa0-7QFWAsEut3juMteryTqs4SWIHjZilquGe5P1W-3Icg22wD0N1Rx5fZupc-QzJMqNZEu3M2QBBlLJx1S_KMbRwK516NX7nSSoJEqwFvIxZ2Ha9RgTIjX8JQABxQ-W499ZlP6VRrWcBkgg-gkvp-yfiKdd28UJ6hClOvmpjFF32e0dkqqphMMrHHVRFT_U8uT1f2eEv6NVxBWWlkgHuLhoIVR-0Wfaz8N_aOXvNIzQWJS-tjZZiwzO5pg2M11sJ4GygHi3NGolUUbqigt1G747epFyIhCa0r9ACdIzzTO_mlSlH4gDSNF3wvHC4S02S9dCHgYaHnwIgPBV20-gdhX22XhZDAjyi0J6DZlghlfn7-WDx933aqk2miIqhmXAzNv1k_P-sWRC37GIKBO40PG9I9Hh-FVIN4nv3VCdW7adhTOwJPZVBwG-UTAQBusK0DKYLBwBExm6KYftzL14RYmnkc2wfHOLrv7xtxIdIiMJpBdzIpCYrnXZRzdILTFSJnRoriqLRi9IwoqOoUxS2DYk2g7QLeNccPFSz5xJqOpUOLLoIpMqLLgS3clbHzg6ouRiRQrnDj9anYxX5WDL38rqXSmi2pYWamBbVcFBteED8mRGuDJkb8DmVimC4zZ9Lk3KmnLUX0NSXQf5i0BkNVFKv7DFyitmQbVIu1VkXduIDCKCWL9wrw~~">brochure</a>. Companies not listed as UKG Pro ecosystem service providers can <a href="mailto:isglens@isg-one.com">contact ISG</a> and ask to be included in the study.



All 2026 ISG Provider Lens evaluations feature expanded customer experience (CX) data capturing real-world enterprise feedback on specific provider services and solutions, based on ISG’s continuous CX research.



About ISG



<a href="https://url.emailprotection.link/?bvUiRfsxLysvv_eHXF0tCeAL6f_IrYAwF9vJ6q4r_9CYhqfewSaCYBYG8YKYtI34HxWkza20ABroU7KUW99fPJRIiXKCCld8JSDf8liVQ4yyEYv-myN82UM-gNcc39QhkANiUd8V2mpBzeF8Av-4OHyR7jmg5Bu7UjZ0huH9AkUYTfYWrETrmpibJOjBh5illsZq6Jk5w8mIS1w5WvE9mNX6AjjRjQ2qvkYYa891Cz25KA7akl7hHJeAXqvoVAiCzUKLDatxoX4oVTHS8hMagE0roU0jlL6ABdSut8WaO5AQ_exFUbQR3dWQUs8OShJhAwW9YDHKeZrNgLmYAAhngaWRm688a3SSiRmZsuh-iuBNRxPkN1Jz0bVi4TqYmTC3hGzc-7Yc1LTY1nRlYM8NyaHZUM1Yc-ynNfvpJMnmPaxkQL6ahfXsyjhyiBxVMIiwMVeg8wdx6KAjdfqWzg1bXLB503wkL15Y4g1XXnF99UPBdKH2Cf5jtF7Cj9I6Rfczx5U4DyzxHkx53wAUH3V1rRQnwAfEvCVuD5EHkYhOfrVt0Iwalj2aKO6b8s8aNsg_iDArm5-8P4yTO6jsD7WzyX6yhYm3BTr3rvDGDazWV-3G7ZOB5p9ZL192Kxw8cKVihVBgFvRss_8UE6ICS2yTRrqoil8gN8PhGt5RWz0HFVQm8uIXQvl_V3o2UfDRfDtK1KO4G9D_EqmMsdz15fdHjTwN22xSfJ9aXhbtQQun0PdEq0U3lLKZKLU2aEmC9lTOWgYn3TaZx-2uy1gSKPhv6ZAmBA1TA8JZnmoO9_XDRIcDUFU9VCdqayjullk0eU8V1AowcRCCJLpGiByXWF16ucg~~">ISG</a> (Nasdaq: <a href="https://url.emailprotection.link/?b9bu9bFv9PBTXn6IbEWdScaExYmb_XjJmxqMn-srNCFKaPUcKtmJIvxZ9MPp6Nhjf6nUQjcvUCIq__xX7LFCwf7ZlecMPZgyRUvk2TZgpPzgB25oXCxkVmJhyylBp5hdcdhjBrtnUG4LG521_1RYMufM_3u7gnzpBTjEKS6mfrqTg5K4YcIFVQQ7ynKK4EQEXuOsA2homExTd776Q-WjsEv-SNWHiqG7Z1qI5eITPVSeF-F37lbMZYfw1pFk9Xo1cZcqOP3qkBnOdrC5OpudhfYB8UghmGHozsPPYYRiJTjDPNH5HOezAIzgbi3vUDHunSH7vJyPFm4diq5NkjUu_eKwB1VieFxU-_ckdvVa7tZTp9kGzOncegJOMDlg4CZDbAbtRoE7L9EJpH_rKyx0ap9E3pVWjSz78-ssK6ultRvPsbZi8YlIhQHhdJagojN0Jib0dIjEIZ_bFSWnahemn9BgsYPGxFU-W7YHCyRqbGACD8kWLGF7_p7a_w6is-n7xxtuVxzTxDpjlJDSQ6qoB0kDxdkChOl-9K2C-fn_3STXuwaZm8RaM6RumaHcTsCR1JzLUS-6X4t2v0T79QnJQU1ATY4Z_yJmwLbJF42GWIQSk7QWU9e4Rs-7NKFqSQZxwHyg7QFIxjBbiuWoszUAVRh1i5AqotkMq4IXxyoZPUFqlb2GzG6j1aPmqwMRV9fCreCRQfzsiN88l6bP740gm1Na-ZimO15MXjiPDpCCBinYyZLCJ9RDK8hGlDO2I__oEP_LreH5mZkUw_gxZp4irc2xmHD2ciX-uNuo4jEKst1ipg86Y9f4XZAsJB24NvYUuRWKidwLtnDn5IlMSEKQFEQ~~">III</a>) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world’s top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data and research, in-depth knowledge and governance of provider ecosystems, and the expertise of its 1,500 professionals worldwide working together to help clients maximize the value of their technology investments.



<figure class="wp-block-image size-full"><img src="https://dashboard.channelchek.com/wp-content/uploads/2026/05/image-50.png" alt="" class="wp-image-103157"/></figure>



Press Contacts:



Laura Hupprich, ISG +1 203-517-3132 <a href="mailto:laura.hupprich@isg-one.com">laura.hupprich@isg-one.com</a>



Erik Arvidson, Matter Communications for ISG +1 978-518-4542 <a href="mailto:isg@matternow.com">isg@matternow.com</a>



Source: Information Services Group, Inc.

Upcoming ISG Provider Lens® report will evaluate providers that modernize workforce operations with AI, data integration and continuous optimization



STAMFORD, Conn.&#8211;(BUSINESS WIRE)&#8211; Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm, has launched a research study examining service providers helping enterprises adopt more data-centric, AI-enabled approaches to workforce management through the UKG Pro ecosystem.



The study results will be published in a comprehensive ISG Provider Lens® report, called UKG Pro Ecosystem, scheduled to be released in October 2026. The report will cover companies offering transformation, deployment, integration and performance and optimization services for UKG Pro environments.



Enterprise buyers will be able to use the report’s insights to evaluate their current vendor relationships, identify potential new engagements and compare available offerings. ISG advisors will use the research to guide clients through increasingly complex transformation and platform investment decisions.



Organizations increasingly are adopting AI-enabled HR capabilities, unified workforce data architectures and continuous optimization models to improve workforce intelligence, operational efficiency and employee experiences. As enterprises seek providers that support long-term transformation, AI readiness, organizational change management and post-deployment HCM platform optimization, the UKG Pro service partner ecosystem is evolving beyond implementation-focused engagements to deliver more intelligent, integrated and data-driven workforce operations.



“Enterprises are looking beyond core HCM deployments and focusing on intelligent, continuously evolving workforce operations,” said Namratha Dharshan, chief business leader, ISG. “Providers with UKG Pro expertise, AI readiness and data strategy capabilities will help organizations realize greater value from workforce technology investments.”



ISG has distributed surveys to approximately 50 UKG Pro ecosystem providers. Working in collaboration with ISG’s global advisors, the research team will produce three quadrants representing the UKG Pro services the typical enterprise is buying, based on ISG’s experience working with its clients. The three quadrants are:




Transformation Services, evaluating providers that guide enterprises through HCM transformation strategy, operating model redesign, organizational change management and AI readiness planning for UKG Pro environments.



Deployment and Integration Services,assessing providers that design, configure and deploy UKG Pro solutions while integrating them with broader enterprise technology ecosystems through scalable architectures and migration frameworks.



Performance and Optimization Services, covering providers that help enterprises sustain, optimize and continuously improve UKG Pro environments through application management, analytics development, managed services and AI-enabled operational enhancements.




This report produced from the study will cover the global UKG Pro ecosystem market and examine products and services available in the U.S. ISG analyst Gaurang Pagdi will serve as the author of the report.



A list of identified providers and vendors and further details on the study are available in this digital brochure. Companies not listed as UKG Pro ecosystem service providers can contact ISG and ask to be included in the study.



All 2026 ISG Provider Lens evaluations feature expanded customer experience (CX) data capturing real-world enterprise feedback on specific provider services and solutions, based on ISG’s continuous CX research.



About ISG



ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world’s top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data and research, in-depth knowledge and governance of provider ecosystems, and the expertise of its 1,500 professionals worldwide working together to help clients maximize the value of their technology investments.







Press Contacts:



Laura Hupprich, ISG+1 203-517-3132laura.hupprich@isg-one.com



Erik Arvidson, Matter Communications for ISG+1 978-518-4542isg@matternow.com



Source: Information Services Group, Inc.

Release - ISG to Study UKG Pro Ecosystem Service Providers

Information Services Group

<figure class="wp-block-image aligncenter size-thumbnail is-resized"><img src="https://dashboard.channelchek.com/wp-content/uploads/2023/04/snal_logo-300x300.png" alt="" class="wp-image-62533" style="width:122px;height:auto"/></figure>



May 22, 2026 at 8:30 AM EDT



<a href="https://investor.snail.com/node/8851/pdf" target="_blank" rel="noreferrer noopener">PDF Version</a>



<h3 class="wp-block-heading">Bellwright, Above The Snow, and Honeycomb: The World Beyond showcases the value of Snail Games’ work with Polish studio partners</h3>



CULVER CITY, Calif., May 22, 2026 (GLOBE NEWSWIRE) -- Snail, Inc. (Nasdaq: SNAL) (“Snail Games” or the “Company”), a leading global independent developer and publisher of interactive digital entertainment, and its subsidiary Wandering Wizard, today highlighted the progress made through its existing partnerships with three Polish development teams. Through collaborations with Above The Desk, creators of&nbsp;<a href="https://www.globenewswire.com/Tracker?data=-YBiPasLVWkn1v-xUdrzIKzR9kmaL_3nf1in746X2HmJZKDSp1lnSv4DW9eVO0TvNU43bWxkdYRxkK3-fn5GO3malJ8m5cg2u7-x6AfsFmngKfVU1wn-NGxEbYjkDgrb8bfSzTeLJ5KQu-l8MSVRAg==" rel="noreferrer noopener" target="_blank">Above the Snow</a>; Donkey Crew, the team behind&nbsp;<a href="https://www.globenewswire.com/Tracker?data=g5hvGiFKElyfGL6OR-Q27AwDj7f9P1_PAaeokYKhYiXIfLK4wrik7qOEVZdCdOGfHQNcO7_RGTkCIrekWMnYG0VQmkZ6ZjkbNXC33_0aTvMyLqiDCWZ78f-WIPf1fF1f" rel="noreferrer noopener" target="_blank">Bellwright</a>;&nbsp;and Frozen Way Games, who are currently developing&nbsp;<a href="https://www.globenewswire.com/Tracker?data=-rNBwE_EL8j2wPEyKgD1eoAOpA-d5IAhf8Yk6DkFXaaO_grCLGBIdmV0wLRlTFECbSaULeuBg3fruXJDHk_mv4DBITA2AWRPnVY5fG1QhHZMLop8CQvHHWdktsnvaRrncgLnt0DZsJRFSOPy6OGGIuVS-RMrycubq-8LM-aO3Gk=" rel="noreferrer noopener" target="_blank">Honeycomb: The World Beyond</a>,&nbsp;Snail Games continues to expand its content pipeline, deepen its international development network, and demonstrate the value of working with high-potential studios in Poland.



“At Snail Games we’ve been eager to support emerging game dev markets and have seen tremendous creative talent and ideas coming from Poland,” said Hai Shi, CEO of Snail Games. “Our partnership and work with these three studios reflect the value of our international network. Each offers wildly different visions of gaming, spanning across different genres in the industry. From an alpine resort sim game, to a medieval survival, to an exploration adventure about crossbreeding alien life forms, we want to ensure that Snail is ahead of the curve in supporting a wide range of global talent.”



Poland has emerged as one of the fastest-growing and most established development regions in the global gaming industry, with a strong track record of producing commercially successful and critically acclaimed PC and console titles.&nbsp;<a href="https://www.globenewswire.com/Tracker?data=2TD7ILEue9qSihRN5Xe5AvLPXQYeo9U51pMKegHr5Bhm_kUxzp88pdrYwQudnjDY8DQwhwuQ73loL-ml5Ks6iCI3KIvggQaVqNpH8kFbFQPAGM6a1tcKZ-Mo_ELfx_mLtoEoujqrN19elPd3it3MsN0v1XQ-xfgg2wkm4zxQW1Feak1ZSzmHMbwWcQQz8IjKcDv7RyMw-rcKFiWhf_j97MTiogg61N1QwiY6xzBf3fmdBAeU-zmqfezIPbIJtIPy" rel="noreferrer noopener" target="_blank">According to The Game Industry of Poland Report 2025</a>, the country’s game development sector continues to scale, with more than 40 franchises surpassing 1 million units sold, reflecting its ability to generate globally competitive, export-oriented intellectual property. This includes Snail Games and Donkey Crew’s&nbsp;Bellwright, which has already surpassed 1 million units sold globally during its early access phase on Steam, underscoring the commercial performance of titles developed within the region.



This week’s Digital Dragons conference in Kraków, Poland further highlights the strength and continued momentum of the country’s game development ecosystem, serving as a key industry gathering for leading studios, publishers, and development talent across the region. As part of this ecosystem, Above The Desk, the developer of&nbsp;Above the Snow, participated in the event, engaging with peers and industry partners within one of Europe’s most active development hubs. Their presence at Digital Dragons underscores Snail Games’ broader strategy of maintaining close alignment with regional development communities and supporting studios with both local relevance and global ambitions. Events of this nature continue to play an important role in strengthening visibility, fostering collaboration, and identifying long-term partnership opportunities within Snail Games’ expanding international publishing network.



These ongoing partnerships highlight Snail Games’ broader global expansion strategy. With corporate operations headquartered in the United States, development partnerships across Europe, and an established presence throughout Asia, the Company continues to expand its international publishing network into key emerging regions and talent hubs. This includes its previously announced&nbsp;<a href="https://www.globenewswire.com/Tracker?data=rsElpCb2fo5VjfYFRq9S-VpD7PDzJJr5FEmmssUd4EXGqiSB-N1vqdzb6cXDcMGX6eFD71gVDQafyQjgGIEkOm7HEyKkFJ5JFqtq7FdjHpUGFvxSy701Zc-TvMVfmHojLV6R6GlRw_v1JtO3lHzpmb4QOOAnqN7vmz8R_pf3Cuz5dqx1VMcG8hNucWpheoyFKabSGCn8N4hXnigjsimt8i18DdB-eMtYOQHJn__T3Ae5tu6buDV53QfKs8CNS451mh3ET7PrYuSqIFJHdAf60g==" rel="noreferrer noopener" target="_blank">strategic exploration of opportunities in Latin America</a>, further reflecting Snail Games’ intent to build a truly global development and publishing footprint. This global approach enables Snail Games to access a wider range of development expertise, strengthen cross-market collaboration, and identify new publishing opportunities.



Snail Games and Wandering Wizard remain actively focused on identifying additional partnership opportunities with independent developers and studios worldwide.



For developers interested in partnership opportunities please reach out to&nbsp;<a href="https://www.globenewswire.com/Tracker?data=QQWkAo4cIuS4IHrmYGAxXwUTEybaRlSszhzKGQRiRWyeSQJvqqiJyFBDasJr74YthiNAiSKSjlIRYQ3w_WWnNcUIdeVigVRPD68E9rlawvE=" rel="noreferrer noopener" target="_blank">info@snailgamesusa.com</a>



For content creators interested in collaborating please reach out to&nbsp;<a href="https://www.globenewswire.com/Tracker?data=60P2UClqYx7Kn5zW0UyOsKuEa0bIGht0ajD-_48_evfiJg-Pj4-FnCO9P1QXehBwecpgBh-A5kr8RZK6G5qUaFFxlVvi0vTSKbzdEW3Tg0k=" rel="noreferrer noopener" target="_blank">creatordirect@noiz.gg</a>



About Snail, Inc. Snail, Inc. (Nasdaq: SNAL) is a leading global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs, and mobile devices. For more information, please visit:&nbsp;<a href="https://www.globenewswire.com/Tracker?data=rNFnZLgBZ0h2VBfKnJcuFWMdQ4W9vBeddjvKaN3weHim7X1W_onJxmKcn-z4jW1KcM_GxBT0PSGx4XMrdBTMh7uSj7W2PHRphRHgr3DuU1p5H4WjLtpB0dljQhwV5aiNseVTkFK51xfd_6HyhZpJZYpKRkQCXy7hkNbZWTopKzABGppju8kXnpiPmcgk5eZbf49vrsyxzVshPNSwSllg1s8-bUYFZkMLDHYYxgG_HA4=" rel="noreferrer noopener" target="_blank">https://snail.com/</a>



About Above the Desk Above The Desk is an independent game studio built by a small but passionate team – a mix of seasoned industry veterans and bold new talent. We believe that this blend of perspectives, skills, and creative energy is our greatest strength. Our mission is to craft games that stand out with original ideas, engaging mechanics, and a sharp sense of humor. We don’t cut corners – we focus on originality, quality, and fresh takes on familiar formulas. For more information, visit&nbsp;<a href="https://www.globenewswire.com/Tracker?data=rNFnZLgBZ0h2VBfKnJcuFcQHsVyr7viA-C-hzr8hKtYADCJnp527Nw9uYiQnNCiYu-djvk-t-er-6xj1d9wJ9glMfGvOlN4byu5RCTO-ivTbRpciEBvPBQE52JZHXJYJ" rel="noreferrer noopener" target="_blank">https://abovethedesk.games/</a>.



About Donkey Crew Donkey Crew is an independent studio made up of talented, experienced developers from every corner of the world. Starting as a small team of passionate gamers working together within a large Mount &amp; Blade modding community, the group grew into a professional company developing indie titles. Based in Wroclaw, Poland, Donkey Crew continues their journey as an indie developer while growing and expanding. For more information, visit&nbsp;<a href="https://www.globenewswire.com/Tracker?data=h9Fid5e964ES5hNH5bo1kSZur1MmYqmTmEHTcI1vc6_EXQlzVWvJ9-n2H3fE7bVOG86IUxcqsLaZzUWCaRQvWp4aKH7WTm9452HgLffjAKE=" rel="noreferrer noopener" target="_blank">www.donkey.team/</a>.



About Frozen Way Games Frozen Way Games is a group of over 80 cheerful people from Cracow, Poland with a passion for video games. Gamedev is our lifestyle and philosophy, so there's nothing better than seeing our creations bring a lot of joy to the community. For more information, visit&nbsp;<a href="https://www.globenewswire.com/Tracker?data=9yE91YhBf90lKD_h5MybuXfTE8rb78UOKi7LPWMdcyfh2w3aQIu499eg9Mijfe-4e6mv4Ac8CGfMY8f6oI0i2iIRzO1SIbUvmasN1atZxqg=" rel="noreferrer noopener" target="_blank">frozenway.games</a>.



About Wandering Wizard Wandering Wizard is passionately committed to championing indie game developers. We provide a platform for fresh voices, revolutionary ideas, and daring experiments within the indie gaming realm. Embracing the inherent risks of indie game development, we partner with creators worldwide to enrich the global gaming community with inclusive, inspiring, and innovative gaming experiences. For more information, visit&nbsp;<a href="https://www.globenewswire.com/Tracker?data=6Ar0fB1nRQmAfignwlwH_L7P5_ggfTH-EIR6urhx_3DvXWbqOXqdBt6xmyOrV1BM-GGbVvD5dtsz1IabxS7yRcoLXEQYdVaiWy9EgQU2nOs=" rel="noreferrer noopener" target="_blank">wanderingwizard.com</a>.



Forward Looking Statements This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “may,” “predict,” “continue,” “estimate” and “potential,” or the negative of these terms or other similar expressions. These forward-looking statements include information about possible or assumed future results of Snail’s business, financial condition, results of operations, liquidity, plans and objectives. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding Snail Games continuing to expand its content pipeline, deepening its international development network, and demonstrating the value of working with high-potential studios in Poland; ensuring that Snail is ahead of the curve in supporting a wide range of global talent; Poland’s game development sector continuing to scale; the ability of Poland’s game development sector to generate globally competitive, export-oriented intellectual property; the Digital Dragons conference in Kraków, Poland highlighting the strength and continued momentum of the country’s game development ecosystem; Snail Games’ broader strategy of maintaining close alignment with regional development communities and supporting studios with both local relevance and global ambitions; strengthening visibility, fostering collaboration, and identifying long-term partnership opportunities within Snail Games’ expanding international publishing network; Snail Games’ broader global expansion strategy; continuing to expand Snail Games’ international publishing network into key emerging regions and talent hubs; strategic exploration of opportunities in Latin America; building a truly global development and publishing footprint; the global approach enabling Snail Games to access a wider range of development expertise, strengthen cross-market collaboration, and identify new publishing opportunities; remaining actively focused on identifying additional partnership opportunities with independent developers and studios worldwide; and assumptions underlying any of the foregoing.



Further information on risks, uncertainties and other factors that could affect Snail’s financial results and business include Snail’s ability to strengthen its gaming portfolio’s visibility; Snail’s ability to expand and grow its franchise and increase its revenue; Snail’s ability to establish new partnerships within its international publishing network; Snail’s ability to establish a truly global development and publishing footprint; and the risks that are included in its filings with the Securities and Exchange Commission (the “SEC”) from time to time, including its annual reports on Form 10-K and quarterly reports on Form 10-Q filed, or to be filed, with the SEC. You should not rely on these forward-looking statements, as actual outcomes and results may differ materially from those expressed or implied in the forward-looking statements as a result of such risks and uncertainties. All forward-looking statements in this press release are based on management’s beliefs and assumptions and on information currently available to Snail, and Snail does not assume 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.



Investor Contact: John Yi and Steven Shinmachi Gateway Group, Inc. 949-574-3860 <a href="https://www.globenewswire.com/Tracker?data=9JiJ3rBtFFx7vdo1oqUbLb8HOj7p1y8yjOt6CqTJahgkuXFFAHhXszDf9b8Ap3vuCFMQ5jabuEMFG8edvr-aX_iV_6kUWX0v7d6G3wYfWGHD9ThGMw3LO4iIObwrZirJk5jDdLrr5LzYeae-naGXCMlVBABG9FCWzu_XieaZF4-3NBJKgOOOn374u8JARTwinZp4O3Kjmgwj64oCrFxfmtn_1oZYkHKS9o6DqB5YYz00C25wsMBj_gtx1PtDaOClKgfSHF1iwAN_4jfXS7z7pHq5fSszixG-o-_Xh-Yl0jmk0KgqMjgPNSaxLcrD0xXM055RQeDN_mBvK7jk1F8LePPYQMKyEepB5mrgAs0JYasRTuO_zCmpjGyjNcmrEEqSZSVaM74Oo8gfUOhmbfy52xDiSo6i55c7bglQ-epsTyskOeGnEQso6dFxz4RJHYncAuMoHT003IzvtnEKTJnsnd6oV8SFFUsC8opPJdHo2RoRlBwbz1wMiWY0oyFj2-Un" rel="noreferrer noopener" target="_blank">SNAL@gateway-grp.com</a>

May 22, 2026 at 8:30 AM EDT



PDF Version



Bellwright, Above The Snow, and Honeycomb: The World Beyond showcases the value of Snail Games’ work with Polish studio partners



CULVER CITY, Calif., May 22, 2026 (GLOBE NEWSWIRE) &#8212; Snail, Inc. (Nasdaq: SNAL) (“Snail Games” or the “Company”), a leading global independent developer and publisher of interactive digital entertainment, and its subsidiary Wandering Wizard, today highlighted the progress made through its existing partnerships with three Polish development teams. Through collaborations with Above The Desk, creators of&nbsp;Above the Snow; Donkey Crew, the team behind&nbsp;Bellwright;&nbsp;and Frozen Way Games, who are currently developing&nbsp;Honeycomb: The World Beyond,&nbsp;Snail Games continues to expand its content pipeline, deepen its international development network, and demonstrate the value of working with high-potential studios in Poland.



“At Snail Games we’ve been eager to support emerging game dev markets and have seen tremendous creative talent and ideas coming from Poland,” said Hai Shi, CEO of Snail Games. “Our partnership and work with these three studios reflect the value of our international network. Each offers wildly different visions of gaming, spanning across different genres in the industry. From an alpine resort sim game, to a medieval survival, to an exploration adventure about crossbreeding alien life forms, we want to ensure that Snail is ahead of the curve in supporting a wide range of global talent.”



Poland has emerged as one of the fastest-growing and most established development regions in the global gaming industry, with a strong track record of producing commercially successful and critically acclaimed PC and console titles.&nbsp;According to The Game Industry of Poland Report 2025, the country’s game development sector continues to scale, with more than 40 franchises surpassing 1 million units sold, reflecting its ability to generate globally competitive, export-oriented intellectual property. This includes Snail Games and Donkey Crew’s&nbsp;Bellwright, which has already surpassed 1 million units sold globally during its early access phase on Steam, underscoring the commercial performance of titles developed within the region.



This week’s Digital Dragons conference in Kraków, Poland further highlights the strength and continued momentum of the country’s game development ecosystem, serving as a key industry gathering for leading studios, publishers, and development talent across the region. As part of this ecosystem, Above The Desk, the developer of&nbsp;Above the Snow, participated in the event, engaging with peers and industry partners within one of Europe’s most active development hubs. Their presence at Digital Dragons underscores Snail Games’ broader strategy of maintaining close alignment with regional development communities and supporting studios with both local relevance and global ambitions. Events of this nature continue to play an important role in strengthening visibility, fostering collaboration, and identifying long-term partnership opportunities within Snail Games’ expanding international publishing network.



These ongoing partnerships highlight Snail Games’ broader global expansion strategy. With corporate operations headquartered in the United States, development partnerships across Europe, and an established presence throughout Asia, the Company continues to expand its international publishing network into key emerging regions and talent hubs. This includes its previously announced&nbsp;strategic exploration of opportunities in Latin America, further reflecting Snail Games’ intent to build a truly global development and publishing footprint. This global approach enables Snail Games to access a wider range of development expertise, strengthen cross-market collaboration, and identify new publishing opportunities.



Snail Games and Wandering Wizard remain actively focused on identifying additional partnership opportunities with independent developers and studios worldwide.



For developers interested in partnership opportunities please reach out to&nbsp;info@snailgamesusa.com



For content creators interested in collaborating please reach out to&nbsp;creatordirect@noiz.gg



About Snail, Inc.Snail, Inc. (Nasdaq: SNAL) is a leading global independent developer and publisher of interactive digital entertainment for consumers around the world, with a premier portfolio of premium games designed for use on a variety of platforms, including consoles, PCs, and mobile devices. For more information, please visit:&nbsp;https://snail.com/



About Above the DeskAbove The Desk is an independent game studio built by a small but passionate team – a mix of seasoned industry veterans and bold new talent. We believe that this blend of perspectives, skills, and creative energy is our greatest strength. Our mission is to craft games that stand out with original ideas, engaging mechanics, and a sharp sense of humor. We don’t cut corners – we focus on originality, quality, and fresh takes on familiar formulas. For more information, visit&nbsp;https://abovethedesk.games/.



About Donkey CrewDonkey Crew is an independent studio made up of talented, experienced developers from every corner of the world. Starting as a small team of passionate gamers working together within a large Mount &amp; Blade modding community, the group grew into a professional company developing indie titles. Based in Wroclaw, Poland, Donkey Crew continues their journey as an indie developer while growing and expanding. For more information, visit&nbsp;www.donkey.team/.



About Frozen Way GamesFrozen Way Games is a group of over 80 cheerful people from Cracow, Poland with a passion for video games. Gamedev is our lifestyle and philosophy, so there&#8217;s nothing better than seeing our creations bring a lot of joy to the community. For more information, visit&nbsp;frozenway.games.



About Wandering WizardWandering Wizard is passionately committed to championing indie game developers. We provide a platform for fresh voices, revolutionary ideas, and daring experiments within the indie gaming realm. Embracing the inherent risks of indie game development, we partner with creators worldwide to enrich the global gaming community with inclusive, inspiring, and innovative gaming experiences. For more information, visit&nbsp;wanderingwizard.com.



Forward Looking StatementsThis press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “may,” “predict,” “continue,” “estimate” and “potential,” or the negative of these terms or other similar expressions. These forward-looking statements include information about possible or assumed future results of Snail’s business, financial condition, results of operations, liquidity, plans and objectives. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding Snail Games continuing to expand its content pipeline, deepening its international development network, and demonstrating the value of working with high-potential studios in Poland; ensuring that Snail is ahead of the curve in supporting a wide range of global talent; Poland’s game development sector continuing to scale; the ability of Poland’s game development sector to generate globally competitive, export-oriented intellectual property; the Digital Dragons conference in Kraków, Poland highlighting the strength and continued momentum of the country’s game development ecosystem; Snail Games’ broader strategy of maintaining close alignment with regional development communities and supporting studios with both local relevance and global ambitions; strengthening visibility, fostering collaboration, and identifying long-term partnership opportunities within Snail Games’ expanding international publishing network; Snail Games’ broader global expansion strategy; continuing to expand Snail Games’ international publishing network into key emerging regions and talent hubs; strategic exploration of opportunities in Latin America; building a truly global development and publishing footprint; the global approach enabling Snail Games to access a wider range of development expertise, strengthen cross-market collaboration, and identify new publishing opportunities; remaining actively focused on identifying additional partnership opportunities with independent developers and studios worldwide; and assumptions underlying any of the foregoing.



Further information on risks, uncertainties and other factors that could affect Snail’s financial results and business include Snail’s ability to strengthen its gaming portfolio’s visibility; Snail’s ability to expand and grow its franchise and increase its revenue; Snail’s ability to establish new partnerships within its international publishing network; Snail’s ability to establish a truly global development and publishing footprint; and the risks that are included in its filings with the Securities and Exchange Commission (the “SEC”) from time to time, including its annual reports on Form 10-K and quarterly reports on Form 10-Q filed, or to be filed, with the SEC. You should not rely on these forward-looking statements, as actual outcomes and results may differ materially from those expressed or implied in the forward-looking statements as a result of such risks and uncertainties. All forward-looking statements in this press release are based on management’s beliefs and assumptions and on information currently available to Snail, and Snail does not assume 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.



Investor Contact:John Yi and Steven ShinmachiGateway Group, Inc.949-574-3860SNAL@gateway-grp.com

Release - Snail Games Highlights Progress and Development from Strategic Polish Studio Partnerships

Gaming

Snail

SNAL

The University of Michigan released its final May Consumer Sentiment reading Friday morning and the number landed well below even the most pessimistic forecasts. The index came in at 44.8 — a new all-time record low in a survey that has been tracking American consumer attitudes since 1952. The reading missed the consensus estimate of 48.2 by a wide margin, fell five full points from April's already-depressed 49.8, and marked the third consecutive month of decline. No monthly reading in the survey's 74-year history has ever been lower.



To place that in context: this reading is worse than June 2022 at the peak of post-pandemic inflation. Worse than the depths of the 2008 financial crisis. Worse than the early 1980s when Paul Volcker was hiking rates into double digits to break inflation. The American consumer, by this measure, has never been less confident about the economy than they are right now.



What's Driving It



The culprits are not subtle. One-third of survey respondents spontaneously cited gasoline prices — unprompted — as a primary concern. Roughly 30% mentioned tariffs. The Iran conflict, now in its twelfth week, has pushed the national gas average to $4.56 per gallon according to AAA, up more than 50% since hostilities began February 28, and GasBuddy projects the summer average could reach $4.80 per gallon with $5 possible if the Strait of Hormuz remains closed.



Inflation expectations are deteriorating further rather than stabilizing. Year-ahead inflation expectations climbed from earlier in the month while long-run expectations rose from 3.5% in April to 3.9% in May — the highest reading since the Iran conflict began and well above the 2.8% to 3.2% range that prevailed throughout 2024. Surveys director Joanne Hsu noted that consumers appear to be moving beyond viewing the inflation pressure as temporary, increasingly worried it will spread beyond fuel prices and persist over the long run.



The demographic breakdown adds another layer. Lower-income consumers and those without college degrees — groups most sensitive to gas and grocery price increases — posted the sharpest sentiment declines. Independents and Republicans reached their lowest readings of Trump's second term. The breadth of the deterioration, cutting across income levels, age groups, and political affiliations, signals this is not a narrow or politically driven reading. It is a broad-based erosion of consumer confidence.



The Direct Small Cap Implication



Consumer sentiment is a leading indicator — it tells you where spending is headed before the spending data confirms it. And for small and microcap investors, the message embedded in Friday's reading is direct: companies that depend on discretionary consumer spending are heading into Q2 earnings season with the wind at their back nowhere.



Consumer-facing small caps in casual dining, specialty retail, leisure travel, and discretionary goods are the most exposed. Unlike large cap consumer companies with global revenue diversification and balance sheet depth to absorb volume softness, smaller operators have limited buffers. Margin compression from elevated input and fuel costs combined with softening top-line demand is a particularly difficult combination for companies already operating on thin margins.



The record low also raises the stakes for the Federal Reserve. Weak consumer confidence alongside elevated inflation expectations is the definition of a stagflationary signal — and a Fed led by incoming Chair Kevin Warsh that leans hawkish has limited room to provide relief. Rate cuts that smaller companies have been counting on to refinance variable-rate debt are moving further off the table with every data point like this one.



Seventy-four years of data. The American consumer has never felt worse. That number belongs in every small cap portfolio conversation happening right now.

The University of Michigan released its final May Consumer Sentiment reading Friday morning and the number landed well below even the most pessimistic forecasts. The index came in at 44.8 — a new all-time record low in a survey that has been tracking American consumer attitudes since 1952. The reading missed the consensus estimate of 48.2 by a wide margin, fell five full points from April&#8217;s already-depressed 49.8, and marked the third consecutive month of decline. No monthly reading in the survey&#8217;s 74-year history has ever been lower.



To place that in context: this reading is worse than June 2022 at the peak of post-pandemic inflation. Worse than the depths of the 2008 financial crisis. Worse than the early 1980s when Paul Volcker was hiking rates into double digits to break inflation. The American consumer, by this measure, has never been less confident about the economy than they are right now.



What&#8217;s Driving It



The culprits are not subtle. One-third of survey respondents spontaneously cited gasoline prices — unprompted — as a primary concern. Roughly 30% mentioned tariffs. The Iran conflict, now in its twelfth week, has pushed the national gas average to $4.56 per gallon according to AAA, up more than 50% since hostilities began February 28, and GasBuddy projects the summer average could reach $4.80 per gallon with $5 possible if the Strait of Hormuz remains closed.



Inflation expectations are deteriorating further rather than stabilizing. Year-ahead inflation expectations climbed from earlier in the month while long-run expectations rose from 3.5% in April to 3.9% in May — the highest reading since the Iran conflict began and well above the 2.8% to 3.2% range that prevailed throughout 2024. Surveys director Joanne Hsu noted that consumers appear to be moving beyond viewing the inflation pressure as temporary, increasingly worried it will spread beyond fuel prices and persist over the long run.



The demographic breakdown adds another layer. Lower-income consumers and those without college degrees — groups most sensitive to gas and grocery price increases — posted the sharpest sentiment declines. Independents and Republicans reached their lowest readings of Trump&#8217;s second term. The breadth of the deterioration, cutting across income levels, age groups, and political affiliations, signals this is not a narrow or politically driven reading. It is a broad-based erosion of consumer confidence.



The Direct Small Cap Implication



Consumer sentiment is a leading indicator — it tells you where spending is headed before the spending data confirms it. And for small and microcap investors, the message embedded in Friday&#8217;s reading is direct: companies that depend on discretionary consumer spending are heading into Q2 earnings season with the wind at their back nowhere.



Consumer-facing small caps in casual dining, specialty retail, leisure travel, and discretionary goods are the most exposed. Unlike large cap consumer companies with global revenue diversification and balance sheet depth to absorb volume softness, smaller operators have limited buffers. Margin compression from elevated input and fuel costs combined with softening top-line demand is a particularly difficult combination for companies already operating on thin margins.



The record low also raises the stakes for the Federal Reserve. Weak consumer confidence alongside elevated inflation expectations is the definition of a stagflationary signal — and a Fed led by incoming Chair Kevin Warsh that leans hawkish has limited room to provide relief. Rate cuts that smaller companies have been counting on to refinance variable-rate debt are moving further off the table with every data point like this one.



Seventy-four years of data. The American consumer has never felt worse. That number belongs in every small cap portfolio conversation happening right now.

The Most Pessimistic American Consumer Sentiment in 74 Years Just Sent the Market a Warning

Consumer Confidence

Economy

Inflation

<figure class="wp-block-image"><img src="https://www.noblelinx.com/images/channelchek/research-teaser-header.jpg" alt=""/></figure>



 Friday, May 22, 2026



Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Lowering 1Q26 estimates.&nbsp;We have reduced our 1Q26 revenue, adjusted EBITDA, adjusted net income attributable to common shareholders, and EPS estimates to $42.9 million, $23.5 million, $9.5 million, and $0.45, respectively, from prior estimates of $43.9 million, $24.8 million, $10.1 million, and $0.48. The revisions primarily reflect a modest reduction in operating days to 1,696 from 1,700, a lower average daily TCE rate of $24,200 versus $25,100, and higher voyage and G&amp;A expenses, including non-cash stock compensation.



FY26 estimates are mostly unchanged.&nbsp;We now project FY26 revenue, adjusted EBITDA, adjusted net income attributable to common shareholders, and EPS of $182.1 million, $106.7 million, $50.4 million, and $2.40, respectively, compared with prior estimates of $183.2 million, $105.2 million, $50.4 million, and $2.40.



<h2 class="wp-block-heading"> <a href="https://www.channelchek.com/research-reports/31216">Get the Full Report</a></h2>



Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Friday, May 22, 2026



Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Lowering 1Q26 estimates.&nbsp;We have reduced our 1Q26 revenue, adjusted EBITDA, adjusted net income attributable to common shareholders, and EPS estimates to $42.9 million, $23.5 million, $9.5 million, and $0.45, respectively, from prior estimates of $43.9 million, $24.8 million, $10.1 million, and $0.48. The revisions primarily reflect a modest reduction in operating days to 1,696 from 1,700, a lower average daily TCE rate of $24,200 versus $25,100, and higher voyage and G&amp;A expenses, including non-cash stock compensation.



FY26 estimates are mostly unchanged.&nbsp;We now project FY26 revenue, adjusted EBITDA, adjusted net income attributable to common shareholders, and EPS of $182.1 million, $106.7 million, $50.4 million, and $2.40, respectively, compared with prior estimates of $183.2 million, $105.2 million, $50.4 million, and $2.40.



Get the Full Report



Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Seanergy Maritime (SHIP) - Adjusting 2026 Estimates

Seanergy Maritime

SHIP

<figure class="wp-block-image"><img src="https://www.noblelinx.com/images/channelchek/research-teaser-header.jpg" alt=""/></figure>



 Friday, May 22, 2026



Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Strong Early Indicators.&nbsp;Resolution Minerals reported encouraging results from the first three holes of its 2026 Golden Gate drilling program in Idaho, with all holes intersecting sulphide mineralization associated with strong alteration, shearing, brecciation, and quartz veining. The mineralized zones contain pyrite and arsenopyrite within altered granites that share geological features observed in previous high-grade gold and tungsten intercepts at Golden Gate North and South, supporting the potential for additional mineralized extensions.



Deploying a Second Drill Rig.&nbsp;The company has completed 763 meters of drilling across three holes and is accelerating exploration activities with the arrival of a second diamond core rig. The broader 2026 campaign includes up to 13,700 meters of planned drilling across 45 holes and is designed to evaluate the scale and continuity of gold and tungsten mineralization throughout the Golden Gate system, including extensions near historical mining areas and coincident gold and tungsten soil anomalies.



<h2 class="wp-block-heading"> <a href="https://www.channelchek.com/research-reports/31218">Get the Full Report</a></h2>



Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Friday, May 22, 2026



Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Strong Early Indicators.&nbsp;Resolution Minerals reported encouraging results from the first three holes of its 2026 Golden Gate drilling program in Idaho, with all holes intersecting sulphide mineralization associated with strong alteration, shearing, brecciation, and quartz veining. The mineralized zones contain pyrite and arsenopyrite within altered granites that share geological features observed in previous high-grade gold and tungsten intercepts at Golden Gate North and South, supporting the potential for additional mineralized extensions.



Deploying a Second Drill Rig.&nbsp;The company has completed 763 meters of drilling across three holes and is accelerating exploration activities with the arrival of a second diamond core rig. The broader 2026 campaign includes up to 13,700 meters of planned drilling across 45 holes and is designed to evaluate the scale and continuity of gold and tungsten mineralization throughout the Golden Gate system, including extensions near historical mining areas and coincident gold and tungsten soil anomalies.



Get the Full Report



Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Resolution Minerals Ltd (RLMLF) - Off to a Strong Start

Mining

Resolution Minerals

RLMLF

<figure class="wp-block-image"><img src="https://www.noblelinx.com/images/channelchek/research-teaser-header.jpg" alt=""/></figure>



 Friday, May 22, 2026



Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



TSX approves share repurchase program.&nbsp;InPlay Oil Corp. announced that the Toronto Stock Exchange has approved its normal course issuer bid (NCIB), allowing the company to repurchase and cancel up to 1.79 million common shares, representing 10% of its public float. Purchases may be made through the TSX and other Canadian trading systems beginning May 25, 2026, and ending May 24, 2027, subject to daily purchase limits and applicable securities regulations.



Automatic repurchase plan provides flexibility.&nbsp;An automatic share purchase plan allows for repurchases to continue during self-imposed blackout periods. Outside of blackout periods, management will retain discretion over the timing and amount of share repurchases. Any shares acquired under the program will be canceled, reducing the company’s overall share count.



<h2 class="wp-block-heading"> <a href="https://www.channelchek.com/research-reports/31217">Get the Full Report</a></h2>



Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Friday, May 22, 2026



Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



TSX approves share repurchase program.&nbsp;InPlay Oil Corp. announced that the Toronto Stock Exchange has approved its normal course issuer bid (NCIB), allowing the company to repurchase and cancel up to 1.79 million common shares, representing 10% of its public float. Purchases may be made through the TSX and other Canadian trading systems beginning May 25, 2026, and ending May 24, 2027, subject to daily purchase limits and applicable securities regulations.



Automatic repurchase plan provides flexibility.&nbsp;An automatic share purchase plan allows for repurchases to continue during self-imposed blackout periods. Outside of blackout periods, management will retain discretion over the timing and amount of share repurchases. Any shares acquired under the program will be canceled, reducing the company’s overall share count.



Get the Full Report



Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

InPlay Oil (IPOOF) - InPlay Renews Share Buyback Program

Energy

InPlay Oil

IPOOF

<figure class="wp-block-image"><img src="https://www.noblelinx.com/images/channelchek/research-teaser-header.jpg" alt=""/></figure>



 Friday, May 22, 2026



Robert LeBoyer, Senior Vice President, Equity Research Analyst, Biotechnology, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Data Updates To Be Presented In June 2026.&nbsp;Eledon has announced that additional data will be presented at the American Transplant Congress on June 22, 2026. The presentations will include long-term data from patients in the Phase 2 BESTOW trial and its extension study. We expect to see longer follow-up periods from additional patients than previously seen, showing outcomes, side-effect profiles, and organ survival in comparison with the standard of care, tacrolimus.



Conference Call Has Been Scheduled To Discuss Data.&nbsp;Eledon will hold a conference call at 8 AM on June 22 to discuss the data. This will be after the Saturday, June 20, poster presentation titled,”&nbsp;Phase 2 BESTOW Extension Trial Evaluating Tegoprubart’s Long-Term Safety and Efficacy in Preventing Kidney Transplant Rejection”, and before the Monday, June 22, oral presentation titled “Phase 2 BESTOW Trial: Evaluating Tegoprubart’s Safety and Efficacy in Preventing Kidney Transplant Rejection” at 12 PM.



<h2 class="wp-block-heading"> <a href="https://www.channelchek.com/research-reports/31221">Get the Full Report</a></h2>



Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Friday, May 22, 2026



Robert LeBoyer, Senior Vice President, Equity Research Analyst, Biotechnology, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



Data Updates To Be Presented In June 2026.&nbsp;Eledon has announced that additional data will be presented at the American Transplant Congress on June 22, 2026. The presentations will include long-term data from patients in the Phase 2 BESTOW trial and its extension study. We expect to see longer follow-up periods from additional patients than previously seen, showing outcomes, side-effect profiles, and organ survival in comparison with the standard of care, tacrolimus.



Conference Call Has Been Scheduled To Discuss Data.&nbsp;Eledon will hold a conference call at 8 AM on June 22 to discuss the data. This will be after the Saturday, June 20, poster presentation titled,”&nbsp;Phase 2 BESTOW Extension Trial Evaluating Tegoprubart’s Long-Term Safety and Efficacy in Preventing Kidney Transplant Rejection”, and before the Monday, June 22, oral presentation titled “Phase 2 BESTOW Trial: Evaluating Tegoprubart’s Safety and Efficacy in Preventing Kidney Transplant Rejection” at 12 PM.



Get the Full Report



Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Eledon Pharmaceuticals (ELDN) - Tegoprubart Data Update Scheduled For June 2026

eldn

Eledon Pharmaceuticals

<figure class="wp-block-image"><img src="https://www.noblelinx.com/images/channelchek/research-teaser-header.jpg" alt=""/></figure>



 Friday, May 22, 2026



Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media &amp; Technology , Noble Capital Markets, Inc.



Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



The sale of the Public Transit business is&nbsp;viewed favorably.&nbsp;The agreement to sell the Public Transit business to Modaxo for approximately $164 million is expected to strengthen financial flexibility and provide additional balance sheet optionality. Management previously indicated that divestiture proceeds could support debt reduction, restructuring initiatives, strategic reinvestment opportunities, and potential shareholder return programs, while also improving the company’s overall capital allocation profile.



A strategic move.&nbsp;Public Transit divestiture advances Conduent’s previously announced portfolio optimization strategy and appears consistent with management’s “fix, sell, or grow” operating framework, which focuses on simplifying the business, improving operational focus, and enhancing long-term profitability.&nbsp;



<h2 class="wp-block-heading"> <a href="https://www.channelchek.com/research-reports/31219">Get the Full Report</a></h2>



Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Friday, May 22, 2026



Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media &amp; Technology , Noble Capital Markets, Inc.



Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.



Refer to the full report for the price target, fundamental analysis, and rating.



The sale of the Public Transit business is&nbsp;viewed favorably.&nbsp;The agreement to sell the Public Transit business to Modaxo for approximately $164 million is expected to strengthen financial flexibility and provide additional balance sheet optionality. Management previously indicated that divestiture proceeds could support debt reduction, restructuring initiatives, strategic reinvestment opportunities, and potential shareholder return programs, while also improving the company’s overall capital allocation profile.



A strategic move.&nbsp;Public Transit divestiture advances Conduent’s previously announced portfolio optimization strategy and appears consistent with management’s “fix, sell, or grow” operating framework, which focuses on simplifying the business, improving operational focus, and enhancing long-term profitability.&nbsp;



Get the Full Report



Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).



*Analyst certification and important disclosures included in the full report.&nbsp;NOTE: investment decisions should not be based upon the content of this research summary.&nbsp;Proper due diligence is required before making any investment decision.&nbsp;

Conduent (CNDT) - Portfolio Reset Gains Momentum

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