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2U Announces 1-for-30 Reverse Stock Split

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LANHAM, Md., June 10, 2024 /PRNewswire/ — 2U, Inc. (Nasdaq: TWOU), a leading online education platform company, today announced that it will proceed with a 1-for-30 reverse stock split (“Reverse Stock Split”) of its outstanding shares of common stock (the “Common Stock”) following approval by its Board of Directors. This ratio is within the range approved by stockholders at the annual meeting of 2U shareholders held on May 20, 2024.

The Reverse Stock Split is expected to become effective at 5 p.m., Eastern Time, on June 13, 2024. 2U expects the Common Stock will begin trading on a post-split basis at the market open on June 14, 2024 under the symbol “TWOU” with the new CUSIP number 90214J 200.

The primary goal of the Reverse Stock Split is to increase the per share market price of the Common Stock to regain compliance with Nasdaq’s minimum bid price requirement for continued listing on The Nasdaq Global Select Market.

When the Reverse Stock Split is effective, every 30 shares of the Company’s Common Stock issued and outstanding will be combined automatically into one share of Common Stock. The Reverse Stock Split will apply equally to all outstanding shares of Common Stock, and each stockholder will hold the same percentage of Common Stock outstanding immediately following the Reverse Stock Split, except for minor adjustments that may result from the treatment of fractional shares. No fractional shares will be issued in connection with the Reverse Stock Split. Holders of Common Stock will receive a cash payment (without interest) in lieu of any fractional shares. Additionally, all equity awards outstanding immediately prior to the Reverse Stock Split will be proportionately adjusted.

Equiniti Trust Company, LLC (“Equiniti”), formerly American Stock Transfer & Trust Company, is acting as the exchange agent and transfer agent for the Reverse Stock Split.

Stockholders holding their shares electronically in book-entry form are not required to take any action to receive post-split shares. Stockholders holding certificated shares will receive a transmittal letter from Equiniti as soon as practicable after the Reverse Stock Split is effected. The transmittal letter will be accompanied by instructions specifying how you can exchange your certificate or certificates representing the pre-Reverse Stock Split shares of Common Stock for a statement of ownership. Stockholders owning shares through a bank, broker or other nominee will have their positions adjusted to reflect the Reverse Stock Split and will receive payment for any fractional shares in accordance with their respective bank’s, broker’s or nominee’s particular processes.

Additional information about the Reverse Stock Split can be found in 2U’s definitive proxy statement (Form DEF 14A) filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 8, 2024. 

About 2U, Inc. (Nasdaq: TWOU)
2U is a global leader in online education. Guided by its founding mission to eliminate the back row in higher education, 2U has spent 15 years advancing the technology and innovation to deliver world-class learning outcomes at scale. Through its global online learning platform edX, 2U connects more than 86 million people with thousands of affordable, career-relevant learning opportunities in partnership with 260 of the world’s leading universities, institutions, and industry experts. From free courses to full degrees, 2U is creating a better future for all through the power of high-quality online education. Learn more at 2U.com.

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements regarding 2U, Inc. (“2U” or the “Company”). All statements in this press release that are not historical including, without limitation, those regarding the timing of the implementation of the Reverse Stock Split and our compliance with the continued listing requirements of The Nasdaq Global Select Market, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including those described under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 and our other SEC filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. These forward-looking statements speak only as of the date they are made. We do not undertake, and expressly disclaim, any duty or obligation to update publicly any forward-looking statement after the date of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

Investor Contact:
investorinfo@2u.com

Media Contact:
media@2u.com

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SOURCE 2U, Inc.

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Yearlong Celebration of the World Trade Bridge’s 25th Anniversary

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LAREDO, Texas, May 22, 2025 /PRNewswire/ — The City of Laredo is launching a yearlong celebration marking 25 years of the World Trade Bridge, a vital commercial gateway that transformed Laredo into the top-ranked inland port in the United States. Inaugurated on April 15, 2000, the World Trade Bridge has evolved from a solution to downtown congestion into one of the busiest commercial border crossings in the Western Hemisphere. Today, it processes more than 6 million trucks annually and moves over $339 billion in goods, surpassing major sea and land ports such as Los Angeles, Houston, and Chicago. “This bridge, which is the anchor of our port, represents the shared vision of two nations and two sister cities that, through strategic planning and joint investment, has transformed a region into a global logistics powerhouse,” said Laredo Mayor Dr. Víctor D. Treviño.

Ongoing Expansion to Boost Trade Capacity

On May 31, 2024, the president of the United States approved the City of Laredo’s request to expand the World Trade Bridge. The expansion project includes the construction of a new eight-lane bridge dedicated to northbound commercial traffic, along with additional lanes on the existing bridge for southbound traffic. Once completed, the project will enhance traffic flow, reduce congestion, and strengthen the port’s capacity to support the growing demands of international trade.

From Bottleneck to Binational Beacon

The bridge was conceived in the 1990s in response to NAFTA-era congestion in downtown Laredo. With support from both sides of the border, construction was completed in under two years, opening with eight commercial lanes — now expanded to fourteen. Port Laredo currently handles over 40% of all U.S.–Mexico land trade, with daily traffic ranging from 15,000 to 18,000 trucks carrying everything from automobiles and medical devices to fresh produce and electronics.

A Strategic Hub for the Americas

The World Trade Bridge has become a critical node for hemispheric trade, connecting not only Mexico and the United States but also facilitating commerce from Central and South America. Products from Colombia, Brazil, Peru, and other countries enter the U.S. through Mexican ports like Manzanillo and Veracruz before continuing north through Laredo.

Laredo: The New Standard for Nearshoring

As companies reconfigure global supply chains, Port Laredo’s secure, technology-driven infrastructure has positioned the city as a premier gateway for nearshoring and regional manufacturing integration. The 25th anniversary campaign will feature binational events, industry panels, and a regional trade summit later this year to highlight Laredo’s evolving role in global commerce.

For More Information

Stay updated on anniversary events, trade summits, and news by visiting www.portlaredo.com and subscribing to our newsletter.
Follow Port Laredo on social media:
Facebook: facebook.com/portlaredo
LinkedIn: linkedin.com/company/port-laredo

About Port Laredo

Port Laredo is the nation’s #1 inland port and a global leader in international trade. Located on the U.S.–Mexico border, the port serves as a critical logistics hub for North American and hemispheric commerce. With a strategic geographic position, advanced customs infrastructure, and multimodal connectivity, Port Laredo facilitates the movement of over $330 billion in goods annually and plays a vital role in strengthening regional economies and global supply chains.

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SOURCE Port Laredo, Texas

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Attain Partners Named 2025 Great Place to Work by Washingtonian Magazine

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Recognition highlights the firm’s purpose-driven culture and commitment to employee well-being

MCLEAN, Va., May 22, 2025 /PRNewswire/ — Attain Partners, a leading management and technology consulting firm, announced today that it has been named one of Washingtonian magazine’s 2025 Great Places to Work. This prestigious honor celebrates the Washington, DC region’s most inspiring companies and the people behind their winning cultures.

“Being named a Great Place to Work by the Washingtonian is a testament to our amazing team,” said Greg Baroni, CEO.

Selected from hundreds of submissions across the region, Attain Partners earned its place on the list following a rigorous evaluation process that included anonymous employee surveys and a comprehensive review of company benefits. The award underscores the firm’s steadfast commitment to fostering a purpose-driven and empowering work environment where team members feel valued, supported, and inspired.

“Being named a Great Place to Work by the Washingtonian is an incredible honor and a testament to our amazing team,” said Greg Baroni, Founder and CEO of Attain Partners. “We’ve built Attain Partners as a next-generation, built-to-last, and values-driven company. We know that our people are our greatest asset, and we strive to overdeliver as we take care of our team. This recognition is especially meaningful because it reflects the voices and sentiments of our team members.”

This award recognizes Attain Partners for its excellence in employee satisfaction, workplace culture, and people-first policies. Rooted in a foundation of integrity, collaboration, and innovation, the firm’s leadership fosters a culture in which team members can thrive and make a meaningful, positive impact on the public sector and beyond.

This accolade marks another milestone in Attain Partners’ continued growth and reinforces its reputation as an employer of choice within the consulting industry and the broader Washington, DC region.

About Attain Partners
Based in McLean, Va., Attain Partners is a leading management and technology consulting firm delivering services and solutions to advance client missions across the education, nonprofit, healthcare, and state and local government landscapes. For more information, please visit attainpartners.com.

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SOURCE Attain Partners

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Firstsource and Sanas partner to redefine customer conversations with AI

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MUMBAI, India, May 22, 2025 /PRNewswire/ — Firstsource Solutions Limited (NSE:FSL) (BSE:532809), a leading global provider of transformational solutions and services and an RP-Sanjiv Goenka Group company, has partnered with Sanas, provider of the world’s first real-time speech understanding platform, to enable next-level customer conversations powered by AI.  

Aligned with Firstsource’s UnBPO™ philosophy, the integration of Sanas’ Real-Time Accent Translation technology marks a strategic leap in AI-first customer experience. This seamless, speech-to-speech solution eliminates accent and language barriers—enhancing clarity, reducing cognitive strain, and empowering agents to connect with global customers more confidently and effectively. As AI moves from pilot to performance, early adopters are already seeing the impact—128% more likely to report high ROI from their AI tools in CX. By embedding intelligent, unobtrusive tech into day-to-day operations, Firstsource is unlocking scalable, measurable value—boosting agent productivity, strengthening conversations, and delivering next-gen CX outcomes at speed and scale.

“At Firstsource, we seek partnerships that reflect our commitment to smart, scalable transformation—solutions that deliver maximum impact with minimal friction, improving both experience and outcomes. Our collaboration with Sanas is a powerful expression of the UnBPO™ philosophy: leveraging intelligent, human-centric technology to elevate performance and ROI.

“The Customer Experience (CX) landscape is undergoing a fundamental shift—from cost efficiency to outcome-driven impact. With Sanas’ AI-powered Real-Time Accent Translation, we are enabling more inclusive, fluid customer conversations — irrespective of who the customer is — a consumer, a student, or a patient — without the need for hardware changes or system overhauls. It is an innovation that works in the background but transforms everything.

“This is the Future of Work in action—a seamless human-AI partnership where technology enhances connection, boosts responsiveness, and empowers agents to perform at their best,” said Ashish Chawla, President – CX and Consulting at Firstsource.

The technology is industry-agnostic, enabling a host of benefits for enhanced communication across diverse industries. Early implementations of this technology in other enterprises have demonstrated significant performance results:

17% average increase in sales efficiency21% improvement in Net Promoter Score (NPS) at a Fortune 20 global tech company18% average reduction in AHTZero instances of customers asking to speak with another agent22% average boost in Customer Satisfaction (CSAT)95% agent adoption rate

“We’re thrilled to partner with Firstsource to bring Sanas’ Real-Time Accent Translation technology to their global operations. This collaboration marks a major milestone in our mission to make communication more inclusive and effortless. Our groundbreaking AI technology, combined with Firstsource’s customer-first approach, enables contact center agents to have clearer, more effective conversations—regardless of accent or geography. Together, we are setting a new standard for exceptional agent and customer experiences alike,” said Sharath Keshava Narayana, CEO and co-founder, Sanas.ai.

About Firstsource

Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company (NSE: FSL) (BSE: 532809) (Reuters: FISO.BO) (Bloomberg: FSOL:IN), is a global leader providing transformational solutions and services spanning the customer lifecycle across Healthcare, Banking and Financial Services, Communications, Media and Technology, Retail, and other diverse industries. With a global footprint across US, UK, India, Philippines, Mexico, Romania, Turkey, Trinidad & Tobago, South Africa, and Australia, we ‘make it happen’ for our clients, solving their biggest challenges with hyper-focused, domain-centered teams and cutting-edge tech, data, and analytics. Our inch-wide, mile-deep practitioners work collaboratively, leveraging UnBPO™ — our differentiated approach to reimagining traditional outsourcing — to deliver real-world, future-focused solutions that drive speed, scale, and smarter decision, turning transformation into tangible results for our clients.

(www.firstsource.com)

About Sanas

Sanas provides the world’s first Real-Time Speech Understanding Platform powered by its patented AI technologies. Born from a mission to power a kinder, more compassionate world, Sanas is pioneering a revolution in human connection by making global, real-time communication more inclusive. Today, Sanas offers Real-Time Accent Translation and Two-Way Noise Cancellation. Founded in 2020, Sanas is led by a team of exceptional co-founders, including CEO Sharath Keshava Narayana and CTO Shawn Zhang.

(Sanas.ai)

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