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Adecoagro Announces It Has Entered Into A Transaction Agreement With Tether Investments

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LUXEMBOURG, March 27, 2025 /PRNewswire/ — Adecoagro S.A. (NYSE: AGRO) (“Adecoagro” or the “Company”), a leading sustainable production company in South America and Tether Investments S.A. de C.V. (“Tether“), a member of the Tether Group which includes the issuer of USDT, the world’s largest stablecoin, today announced that they have entered into a Transaction Agreement. Pursuant to the terms of the agreement, which has been unanimously approved by Adecoagro’s Board of Directors, Tether will promptly commence a tender offer to acquire up to 49,596,510 Common Shares of the Company at a price in cash of $12.41 per Common Share (representing, when added to the Shares already owned by Tether, approximately 70% of the outstanding Common Shares of the Company). The closing of the transaction is subject to certain closing conditions, including there being validly tendered and not validly withdrawn a number of Common Shares that, when added to the Common Shares already owned by Tether, represents at least 51% of the outstanding Common Shares on a fully diluted basis.

“I am very excited about this transaction and the opportunity to have a significant shareholder like Tether, who shares the entrepreneurial spirit that led us to create Adecoagro 23 years ago and that continues to be present in our day-to-day decisions.” said Mariano Bosch, Co-Founder and Chief Executive Officer of Adecoagro. “At Adecoagro we produce food and renewable energy, which is associated with the traditional agribusiness industry, but the adoption of cutting-edge technology is present in our four business segments and is a relevant driver of our low-cost strategy. Having our largest shareholder understand the importance of technology and support our existing projects and future ventures, places us in a privileged position to continue expanding our culture and work.”

Mr. Bosch further added “Tether‘s support for the Company’s strategic vision, is an acknowledgment to the hard work of our passionate and diverse team, that is capable of developing these efficient and sustainable production models in the interior of Argentina, Brazil and Uruguay, with a constant focus on doing things better every day to continue delivering long-term returns and generating value for our shareholders.”

“Among the things I am excited about is that our Board of Directors, which is a key element of our governance model, will benefit from the continuity of some of our current members and from the fresh ideas that the new additional directors will provide. Also, there is a specific retention plan for management, and we are all excited to continue working hard on making Adecoagro an even better company” elaborated Mr. Bosch.

Mr Bosch concluded “I think we have reached an agreement that respects and protects minority shareholders, and I am very happy about that. That is why I decided not to sell any of my shares, unless it is necessary to move forward with the transaction and enable Tether to reach the minimum threshold.”

Emilio Gnecco, Chief Financial Officer of Adecoagro added “The work we have done over the past years have led to deliver consistent results and better positioned us for long-term sustainable growth. We are at a point where we have become a solid platform from which we can expand our current businesses and potential new ones. The incorporation of a shareholder like Tether will allow us to pursue a more ambitious growth plan.”

“This transaction reflects Tether‘s commitment to investing in sustainable, future-oriented companies that have a deep impact on real-world economies,” said Paolo Ardoino, CEO of Tether. “Adecoagro has built an impressive track record of innovation in food and renewable energy production across South America, and we are proud to support its vision. Our investment aligns with Tether‘s broader strategy to back infrastructure, technology, and businesses that advance economic freedom and resilience, especially in regions where these values are most needed. We look forward to contributing to Adecoagro’s continued growth and long-term success.”

J.P. Morgan is acting as exclusive financial advisor and Davis Polk & Wardwell LLP and Elvinger Hoss Prussen are acting as legal advisors to the Company. McDermott Will & Emery LLP is acting as legal advisor to Tether.

About Adecoagro:
Adecoagro is a leading sustainable production company in South America. Adecoagro owns 210.4 thousand hectares of farmland, and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces over 2.8 million tons of agricultural products and over 1 million MWh of renewable electricity.

About Tether:
Tether is a pioneer in the field of stablecoin technology, driven by an aim to revolutionize the global financial landscape. With a mission to provide accessible and efficient financial, communication, artificial intelligence, and energy infrastructure. Tether enables greater financial inclusion, and communication resilience, fosters economic growth, and empowers individuals and businesses alike. As the creator of the largest, most transparent, and liquid stablecoin in the industry, Tether is dedicated to building sustainable and resilient infrastructure for the benefit of underserved communities. By leveraging cutting-edge blockchain and peer-to-peer technology, it is committed to bridging the gap between traditional financial systems and the potential of decentralized finance.

No Offer or Solicitation; Additional Information and Where to Find It
The tender offer referenced in this communication has not yet commenced. This announcement is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell securities. The solicitation and offer to buy the Company’s securities will only be made pursuant to an Offer to Purchase and related tender offer materials. At the time the tender offer is commenced, Tether will be required to file a tender offer statement on Schedule TO and thereafter the Company will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the tender offer. THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 WILL CONTAIN IMPORTANT INFORMATION. THE COMPANY’S STOCKHOLDERS ARE URGED TO READ THESE DOCUMENTS CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF THE COMPANY’S SECURITIES SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SECURITIES. These materials will be made available to the Company’s stockholders at no expense to them. The tender offer materials and the Solicitation/Recommendation Statement will be made available for free at the SEC’s website at www.sec.gov. Copies of the documents filed by the Company with the SEC by will be available free of charge on the Company’s internet website at www.adecoagro.com or by contacting the Company’s investor relations department at ir@adecoagro.com.

Forward Looking Statements
This release contains information that may constitute forward-looking statements for purposes of applicable securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historic or current facts and often use words such as “anticipate,” “estimate,” “expect,” “believe,” “will likely result,” “outlook,” “project” and other words and expressions of similar meaning. Investors are cautioned not to place undue reliance on forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to: (i) the risk that the tender offer may not be completed in a timely manner or at all; (ii) uncertainties as to the percentage of the Company’s shareholders tendering their shares in the tender offer; (iii) the possibility that competing offers or acquisition proposals for the Company will be made; (iv) the possibility that any or all of the various conditions to the consummation of the tender offer may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction agreement related to the tender offer, including in circumstances which would require the Company to pay a termination fee or other expenses; (vi) the effect of the announcement or pendency of the transactions contemplated by such transaction agreement on the Company’s ability to retain and hire key personnel, its ability to maintain relationships with its suppliers and others with whom it does business, or its operating results and business generally; (vii) risks related to diverting management’s attention from the Company’s ongoing business operations; (viii) the risk that shareholder litigation in connection with the transactions contemplated by such transaction agreement may result in significant costs of defense, indemnification and liability and (ix) those set forth in the “Risk Factors” section of the Company’s Form 20-F for the fiscal year ended December 31, 2023 and subsequent filings with the SEC. The Company may not succeed in addressing these and other risks. Consequently, all forward-looking statements in this release are qualified by the factors, risks and uncertainties contained therein. In addition, the forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point, the Company specifically disclaims any obligation to do so, other than as required by federal securities laws. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this release.

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SOURCE Adecoagro S.A.

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CANGO Mobility Receives Frost & Sullivan’s 2025 European Customer Value Leadership Award for Excellence in Telematics Solutions

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May 27, 2025

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CANGO is recognized for driving innovation and delivering customer-centric telematics solutions that optimize fleet performance, enhance connectivity, and support software-defined vehicle strategies.

SAN ANTONIO, May 27, 2025 /PRNewswire/ — Frost & Sullivan is pleased to announce that CANGO Mobility has been honored with the 2025 European Customer Value Leadership Award in the telematics solutions industry for its outstanding achievements in innovation, operational execution, and long-term customer impact. This recognition highlights CANGO Mobility’s consistent leadership in driving measurable outcomes, strengthening its market position, and delivering customer-centric innovation in an evolving competitive landscape.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. CANGO Mobility excelled in both, demonstrating its ability to align strategic initiatives with market demand while executing them with efficiency, consistency, and scale. “CANGO Mobility’s software-first approach and ability to transform traditional telematics devices into powerful, adaptable tools sets it apart in the European landscape. The company’s deep vertical integration, middleware innovations, and commitment to customer-specific customization have created lasting value in a market defined by change,” said Kamalesh Mohanarangam, Associate Director at Frost & Sullivan.

Guided by a long-term growth strategy focused on digital innovation, strategic partnerships, and customer alignment, CANGO Mobility has shown its ability to adapt and lead in a rapidly evolving telematics ecosystem. The company’s strategic agility and sustained investment in intelligent fleet management solutions have enabled it to scale effectively across European and international markets.

Innovation remains central to CANGO Mobility’s approach. Its suite of telematics offerings—including the proprietary middleware CANLIB (CANbus Library)—enables advanced fleet optimization, real-time data analysis, and seamless integration with third-party systems. These capabilities extend across multiple verticals, offering customers the flexibility and performance needed to drive down costs, increase safety, and streamline operations. This recognition highlights our unwavering commitment to innovation, performance, and customer value in the telematics and vehicle data industry.

It reinforces the transformative impact of our CANLIB middleware, which empowers telematics devices to deliver real-time, actionable insights across diverse vehicle fleets. It also acknowledges the continuous effort of our team to deliver pioneering, software-defined solutions in a rapidly evolving mobility landscape. We’re especially proud to be the first in the industry to launch CANBUS.ACADEMY—a dedicated learning platform designed to educate and upskill professionals in telematics integration, vehicle data and applications, and CANbus technologies. This initiative reflects our belief that knowledge is just as critical as technology in driving long-term success.
A heartfelt thank you to our partners, clients, and the entire CANGO team who made this possible. This award belongs to all of us, said Dumitru Puiu, CEO of CANGO Mobility.

CANGO Mobility’s unwavering commitment to customer experience further strengthens its position in the market. By offering tailored implementation support, simplifying software integration, and maintaining responsiveness through localized customer service, the company ensures high satisfaction and long-term value creation. Its partner-led delivery model—anchored by collaborations with industry leaders like ZF and Continental—has amplified its ability to deliver scalable, high-performance solutions across diverse operational environments.

Frost & Sullivan commends CANGO Mobility for setting a high standard in competitive strategy, execution, and market responsiveness. The company’s vision, innovation pipeline, and customer-first culture are shaping the future of telematics solutions and driving tangible results at scale.

Each year, Frost & Sullivan presents the Customer Value Leadership Award to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. The award recognizes forward-thinking organizations that are reshaping their industries through innovation and growth excellence.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:
Camila Tinajero
E: camila.tinajero@frost.com 

About CANGO Mobility

CANGO Mobility is a global technology company specializing in advanced telematics, IoT middleware, and software-defined fleet management solutions. With over 20 years of industry experience, CANGO empowers OEMs, fleet operators, and integrators to transform vehicle data into actionable intelligence. Its proprietary solutions—such as CANLIB (CANbus Library)—enable seamless integration, enhanced performance, and operational efficiency across multiple mobility verticals, from logistics and transportation to agriculture and public services.

CANGO is the first and only telematics company to launch a dedicated learning platform—CANBUS.ACADEMY—offering industry professionals worldwide structured, hands-on education in vehicle data, diagnostics, and CANbus technologies.

With a worldwide presence and trusted partnerships with major industry players, CANGO continues to set new standards in customer-centric innovation, product flexibility, and scalable deployment.

Contact:
office@cangomobility.com

LinkedIn
X
CANbus Academy LinkedIn 

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ePlus Secures a Spot on CRN Solution Provider 500 List for 14th Consecutive Year

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May 27, 2025

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HERNDON, Va., May 27, 2025 /PRNewswire/ — ePlus inc. (NASDAQ NGS: PLUS – news) today announced that, for the fourteenth consecutive year, it has been recognized on the CRN Solution Provider (SP) 500 List.

CRN’s annual Solution Provider 500 list recognizes North America’s largest solution providers by revenue and serves as a prominent benchmark of leading IT services companies. With a combined revenue of $548.9 billion, the companies on the list are key influencers propelling growth in the IT industry and the global technology channel.

Through a highly-credentialed team of specialists, ePlus offers customer organizations a full portfolio of technology solutions across the areas of artificial intelligence (AI), security, cloud, data center, networking and collaboration and more. In addition, the company offers a full suite of managed, consultative and professional services, helping organizations realize the full value of their technology investments from design through implementation and ongoing management. Most recently, ePlus developed and launched ePlus AI Ignite, a full set of focused assessments, workshops, solutions and services, designed to provide guidance, strategy, implementation and execution of AI initiatives to help organizations achieve AI success.

“We have continually adjusted to market trends and technologies throughout the years to bring a certain caliber of expertise to the table for our customers,” said Mark Marron, CEO and president of ePlus. “Our customers know this, rely on us as an extension of their own teams and trust that the decades of experience we bring to bear will help them navigate challenges of their own. We’re proud of our team, our capabilities and what we can do for customer organizations, and we’re thrilled to be recognized for it all once again on the CRN SP500 List.” 

“The Solution Provider 500 list spotlights the technology integrators, managed service providers, value-added resellers and IT consulting firms who bring in the most revenue by leading the way in business and service innovation,” said Jennifer Follett, VP, U.S. Content, and Executive Editor, CRN, The Channel Company. “Recognition is reserved for companies demonstrating an unwavering commitment to business agility and sustained growth through rapidly changing industry needs and technology advancements. Congratulations go to each company for earning a well-deserved spot on the Solution Provider 500.”

The full Solution Provider 500 list will be available online at www.CRN.com/SP500, beginning May 27 and a sampling of the list will be featured in the June issue of CRN Magazine.

About ePlus inc.

ePlus is a customer-first, services-led, and results-driven industry leader offering transformative technology solutions and services to provide the best customer outcomes. Offering a full portfolio of solutions, including artificial intelligence, security, cloud and data center, networking and collaboration, as well as managed, consultative and professional services, ePlus works closely with organizations across many industries to successfully navigate business challenges. With a long list of industry-leading partners and more than 2,200 employees, our expertise has been honed over more than three decades, giving us specialized yet broad levels of experience and knowledge. ePlus is headquartered in Virginia, with locations in the United States, United Kingdom, Europe, and Asia‐Pacific. For more information, visit www.eplus.com, call 888-482-1122, or email info@eplus.com. Connect with ePlus on LinkedIn, X, Facebook, and Instagram. 

ePlus®, Where Technology Means More®, and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies, products, and services mentioned herein may be the trademarks of their respective owners.

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SOURCE EPLUS INC.

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Cambium Networks receives deficiency notice from Nasdaq

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May 27, 2025

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HOFFMAN ESTATES, Ill., May 27, 2025 /PRNewswire/ — Cambium Networks (NASDAQ: CMBM), a leading global provider of networking solutions, announced today that on May 22, 2025, it received a delinquency letter (the “deficiency notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it continues to be out of compliance with Nasdaq’s continued listing requirements set forth in Nasdaq Listing Rule 5250(c)(1) due to the Company’s failure to timely file its Quarterly Report on Form 10-Q for the three months ended March 31, 2025.

In the delinquency notice Nasdaq confirmed the Company has until June 16, 2025 to file its delinquent reports or to submit a plan to regain compliance with respect to its delinquent reports. If the Company submits a plan to Nasdaq and Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the due date of the filing of Annual Report on Form 10-K for the year ended December 31, 2024, or until October 13, 2025, to regain compliance.  

About Cambium Networks

Cambium Networks enables service providers, enterprises, industrial organizations, and governments to deliver exceptional digital experiences, and device connectivity, with compelling economics. Our ONE Network platform simplifies management of Cambium Networks’ wired and wireless broadband and network edge technologies. Our customers can focus more resources on managing their business rather than the network. We make connectivity that just works.

Contacts: 
Investor Relations
Cambium Networks
investors@Cambiumnetworks.com

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SOURCE Cambium Networks

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