{"success":true,"data":{"pressRelease":{"id":"160537","rtpr_id":"nACS0s7qba-20261005","ticker":"VIP","exchange":"NASDAQ","all_tickers":["VIP"],"title":"Vulcan Announces Redemption of All Outstanding 8.50% Senior Notes Due 2026 ","author":"ACCESSWIRE","published_at":"2026-10-05T12:30:00.651Z","article_body":"PITTSFORD, NY / ACCESS Newswire (https://www.accessnewswire.com/) / October 5,\n2026 / Vulcan Infrastructure and Power Inc. (Nasdaq:VIP) (\"Vulcan\" or the\n\"Company\"), a power and infrastructure platform focused on acquiring,\ndeveloping and operating energized sites that support artificial intelligence\n(\"AI\") and high-performance computing (\"HPC\") data centers, today announced\nthe delivery of a notice of redemption to the holders of all of its\noutstanding 8.50% Senior Notes due 2026 (the \"2026 Notes\"), pursuant to which\nall outstanding 2026 Notes are expected to be redeemed on October 13, 2026.\nThe Company also provided an update on its cash and digital assets position.\n\nThe redemption price will equal 100% of the principal amount of the 2026 Notes\nbeing redeemed, plus accrued and unpaid interest to, but excluding, the\nredemption date.\n\nOn October 1, 2026, the Company completed its previously announced privately\nnegotiated exchange pursuant to which the Company issued $2,833,358 aggregate\nprincipal amount of its 10.00% Senior Notes due 2030 and warrants to purchase\nup to an aggregate of 1,000,000 shares of the Company's Class A common stock\nat an exercise price of $1.87 per share in exchange for $2,793,150 aggregate\nprincipal amount of 2026 Notes and accrued and unpaid interest thereon.\nFollowing the exchange, $30,345,200 aggregate principal amount of 2026 Notes\nremains outstanding and is expected to be redeemed in full on October 13,\n2026. The Company expects the aggregate amount payable in connection with the\nredemption to be approximately $30.9 million, consisting of $30,345,200 of\nprincipal and approximately $523,000 of accrued and unpaid interest through\nOctober 12, 2026.\n\nAs of September 30, 2026, the Company had cash and digital assets of\napproximately $49.2 million, including bitcoin with an estimated fair value of\napproximately $5.4 million. After giving effect to the anticipated redemption\nof the 2026 Notes and the payment of approximately $1.4 million of remaining\nexpenses related to the previously announced PIPE transaction, the Company\nexpects to have cash and digital assets of approximately $16.9 million based\non preliminary unaudited quarter-end balances. This post-redemption figure\ndoes not give effect to operating cash use, other expenses or changes in the\nvalue of bitcoin after September 30, 2026.\n\n\"The redemption will eliminate our 2026 debt maturity and further strengthen\nVulcan's balance sheet,\" said Jordan Kovler, Chief Executive Officer of Vulcan\nInfrastructure and Power.\n\n\"Our primary focus is securing AI/HPC customers for our sites, where we\nbenefit from our existing and secured access to power. We are pleased with our\nprogress to date, including necessary ongoing predevelopment activities,\"\nconcluded Mr. Kovler.\n\nAbout Vulcan Infrastructure and Power Inc.\n\nVulcan Infrastructure and Power Inc. (Nasdaq: VIP) is a power and\ninfrastructure platform focused on acquiring, developing and operating\nenergized sites that support artificial intelligence and high-performance\ncomputing data centers, as well as local electricity grids.\n\nNo Offer to Sell or Solicit\n\nThis press release is for informational purposes only and does not constitute\nan offer to sell or the solicitation of an offer to buy any of the securities\ndescribed herein, nor shall there be any sale of these securities in any state\nor jurisdiction in which such offer, solicitation or sale would be unlawful\nprior to the registration or qualification under the securities laws of such\nstate or jurisdiction.\n\nRedemption Notice\n\nThis press release does not constitute a notice of redemption with respect to\nthe 2026 Notes, nor does it constitute an offer to purchase or redeem, or a\nsolicitation of an offer to sell, the 2026 Notes. The redemption of the 2026\nNotes is being effected solely pursuant to the notice of redemption delivered\nin accordance with the indenture and supplemental indenture governing the 2026\nNotes. Holders of 2026 Notes should refer to the notice of redemption for\ncomplete terms and conditions of the redemption.\n\nPreliminary Financial Information\n\nThe financial information presented in this press release is preliminary and\nunaudited and remains subject to completion of the Company's quarter-end\nclosing and review procedures. Actual results and balances as of, and\nfollowing, the anticipated redemption date may differ materially from these\npreliminary amounts. The preliminary financial information in this press\nrelease has been prepared by, and is the responsibility of, management. The\nCompany's independent registered public accounting firm has not audited,\nreviewed, compiled or performed any procedures with respect to this\npreliminary financial information and does not express an opinion or any other\nform of assurance with respect thereto. This preliminary financial information\nis not a comprehensive statement of the Company's financial condition as of\nSeptember 30, 2026 and should not be viewed as a substitute for the interim\nfinancial statements to be included in the Company's Quarterly Report on Form\n10-Q for the quarter ended September 30, 2026.\n\nForward-Looking Statements\n\nThis press release includes certain statements that may constitute\n\"forward-looking statements\" within the meaning of Section 27A of the\nSecurities Act of 1933, as amended, and Section 21E of the Securities Exchange\nAct of 1934, as amended. All statements other than statements of historical\nfact are forward-looking statements for purposes of federal and state\nsecurities laws. These forward-looking statements involve uncertainties that\ncould significantly affect Vulcan's financial or operating results. These\nforward-looking statements may be identified by terms such as \"anticipate,\"\n\"believe,\" \"continue,\" \"foresee,\" \"expect,\" \"intend,\" \"plan,\" \"may,\" \"will,\"\n\"would,\" \"could\" and \"should,\" and the negative of these terms or other\nsimilar expressions. Forward-looking statements are based on current beliefs\nand assumptions that are subject to risks and uncertainties and are not\nguarantees of future performance. Forward-looking statements in this press\nrelease include, among other things, statements regarding the expected\ncompletion of the redemption of the 2026 Notes, including the timing and\naggregate amount of the redemption payment and satisfaction of any conditions\nto the redemption, the Company's expected cash and digital assets following\nthe redemption and payment of PIPE-related transaction expenses, the Company's\npreliminary, unaudited estimates as of and for the quarter ended September 30,\n2026, progress on predevelopment and customer acquisition efforts with respect\nto the Company's owned sites, and the Company's future business plan, business\nstrategy and operations. In addition, all statements that address operating\nperformance and future performance, events or developments that are expected\nor anticipated to occur in the future are forward-looking statements.\nForward-looking statements are subject to a number of risks, uncertainties and\nassumptions. Matters and factors that could cause actual results to differ\nmaterially from those expressed or implied in such forward-looking statements\ninclude, but are not limited to, the matters and factors described in Part I,\nItem 1A, \"Risk Factors\" of Vulcan's Annual Report on Form 10-K for the year\nended December 31, 2025, as may be amended from time to time, its subsequently\nfiled Quarterly Reports on Form 10-Q and its other filings with the U.S.\nSecurities and Exchange Commission. Consequently, all of the forward-looking\nstatements made in this press release are qualified by the information\ncontained under this caption. No assurance can be given that these are all of\nthe factors that could cause actual results to vary materially from the\nforward-looking statements. You should not put undue reliance on\nforward-looking statements. No assurances can be given that any of the events\nanticipated by the forward-looking statements will transpire or occur, or, if\nany of them do occur, that the actual results, performance or achievements of\nVulcan will not differ materially from the results expressed in or implied by\nany forward-looking statements. All forward-looking statements speak only as\nof the date of this press release and, unless otherwise required by U.S.\nfederal securities laws, Vulcan does not assume any duty to update or revise\nany forward-looking statements included in this press release, whether as a\nresult of new information, the occurrence of future events, uncertainties or\notherwise, after the date of this press release.\n\nInvestor Contact\n\nFNK IR\nRob Fink or Joey Delahoussaye\nIR@VulcanIP.com\n312-809-1087\n\nSOURCE: Vulcan Infrastructure and Power Inc.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/vulcan-announces-redemption-of-all-outstanding-8.50-senior-notes-due-2026-1232721)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACS0s7qba-20261005","title":"Vulcan Announces Redemption of All Outstanding 8.50% Senior Notes Due 2026 ","author":"ACCESSWIRE","ticker":"VIP","created":"2026-10-05T12:30:00.651Z","tickers":["VIP"],"exchange":"NASDAQ","article_body":"PITTSFORD, NY / ACCESS Newswire (https://www.accessnewswire.com/) / October 5,\n2026 / Vulcan Infrastructure and Power Inc. (Nasdaq:VIP) (\"Vulcan\" or the\n\"Company\"), a power and infrastructure platform focused on acquiring,\ndeveloping and operating energized sites that support artificial intelligence\n(\"AI\") and high-performance computing (\"HPC\") data centers, today announced\nthe delivery of a notice of redemption to the holders of all of its\noutstanding 8.50% Senior Notes due 2026 (the \"2026 Notes\"), pursuant to which\nall outstanding 2026 Notes are expected to be redeemed on October 13, 2026.\nThe Company also provided an update on its cash and digital assets position.\n\nThe redemption price will equal 100% of the principal amount of the 2026 Notes\nbeing redeemed, plus accrued and unpaid interest to, but excluding, the\nredemption date.\n\nOn October 1, 2026, the Company completed its previously announced privately\nnegotiated exchange pursuant to which the Company issued $2,833,358 aggregate\nprincipal amount of its 10.00% Senior Notes due 2030 and warrants to purchase\nup to an aggregate of 1,000,000 shares of the Company's Class A common stock\nat an exercise price of $1.87 per share in exchange for $2,793,150 aggregate\nprincipal amount of 2026 Notes and accrued and unpaid interest thereon.\nFollowing the exchange, $30,345,200 aggregate principal amount of 2026 Notes\nremains outstanding and is expected to be redeemed in full on October 13,\n2026. The Company expects the aggregate amount payable in connection with the\nredemption to be approximately $30.9 million, consisting of $30,345,200 of\nprincipal and approximately $523,000 of accrued and unpaid interest through\nOctober 12, 2026.\n\nAs of September 30, 2026, the Company had cash and digital assets of\napproximately $49.2 million, including bitcoin with an estimated fair value of\napproximately $5.4 million. After giving effect to the anticipated redemption\nof the 2026 Notes and the payment of approximately $1.4 million of remaining\nexpenses related to the previously announced PIPE transaction, the Company\nexpects to have cash and digital assets of approximately $16.9 million based\non preliminary unaudited quarter-end balances. This post-redemption figure\ndoes not give effect to operating cash use, other expenses or changes in the\nvalue of bitcoin after September 30, 2026.\n\n\"The redemption will eliminate our 2026 debt maturity and further strengthen\nVulcan's balance sheet,\" said Jordan Kovler, Chief Executive Officer of Vulcan\nInfrastructure and Power.\n\n\"Our primary focus is securing AI/HPC customers for our sites, where we\nbenefit from our existing and secured access to power. We are pleased with our\nprogress to date, including necessary ongoing predevelopment activities,\"\nconcluded Mr. Kovler.\n\nAbout Vulcan Infrastructure and Power Inc.\n\nVulcan Infrastructure and Power Inc. (Nasdaq: VIP) is a power and\ninfrastructure platform focused on acquiring, developing and operating\nenergized sites that support artificial intelligence and high-performance\ncomputing data centers, as well as local electricity grids.\n\nNo Offer to Sell or Solicit\n\nThis press release is for informational purposes only and does not constitute\nan offer to sell or the solicitation of an offer to buy any of the securities\ndescribed herein, nor shall there be any sale of these securities in any state\nor jurisdiction in which such offer, solicitation or sale would be unlawful\nprior to the registration or qualification under the securities laws of such\nstate or jurisdiction.\n\nRedemption Notice\n\nThis press release does not constitute a notice of redemption with respect to\nthe 2026 Notes, nor does it constitute an offer to purchase or redeem, or a\nsolicitation of an offer to sell, the 2026 Notes. The redemption of the 2026\nNotes is being effected solely pursuant to the notice of redemption delivered\nin accordance with the indenture and supplemental indenture governing the 2026\nNotes. Holders of 2026 Notes should refer to the notice of redemption for\ncomplete terms and conditions of the redemption.\n\nPreliminary Financial Information\n\nThe financial information presented in this press release is preliminary and\nunaudited and remains subject to completion of the Company's quarter-end\nclosing and review procedures. Actual results and balances as of, and\nfollowing, the anticipated redemption date may differ materially from these\npreliminary amounts. The preliminary financial information in this press\nrelease has been prepared by, and is the responsibility of, management. The\nCompany's independent registered public accounting firm has not audited,\nreviewed, compiled or performed any procedures with respect to this\npreliminary financial information and does not express an opinion or any other\nform of assurance with respect thereto. This preliminary financial information\nis not a comprehensive statement of the Company's financial condition as of\nSeptember 30, 2026 and should not be viewed as a substitute for the interim\nfinancial statements to be included in the Company's Quarterly Report on Form\n10-Q for the quarter ended September 30, 2026.\n\nForward-Looking Statements\n\nThis press release includes certain statements that may constitute\n\"forward-looking statements\" within the meaning of Section 27A of the\nSecurities Act of 1933, as amended, and Section 21E of the Securities Exchange\nAct of 1934, as amended. All statements other than statements of historical\nfact are forward-looking statements for purposes of federal and state\nsecurities laws. These forward-looking statements involve uncertainties that\ncould significantly affect Vulcan's financial or operating results. These\nforward-looking statements may be identified by terms such as \"anticipate,\"\n\"believe,\" \"continue,\" \"foresee,\" \"expect,\" \"intend,\" \"plan,\" \"may,\" \"will,\"\n\"would,\" \"could\" and \"should,\" and the negative of these terms or other\nsimilar expressions. Forward-looking statements are based on current beliefs\nand assumptions that are subject to risks and uncertainties and are not\nguarantees of future performance. Forward-looking statements in this press\nrelease include, among other things, statements regarding the expected\ncompletion of the redemption of the 2026 Notes, including the timing and\naggregate amount of the redemption payment and satisfaction of any conditions\nto the redemption, the Company's expected cash and digital assets following\nthe redemption and payment of PIPE-related transaction expenses, the Company's\npreliminary, unaudited estimates as of and for the quarter ended September 30,\n2026, progress on predevelopment and customer acquisition efforts with respect\nto the Company's owned sites, and the Company's future business plan, business\nstrategy and operations. In addition, all statements that address operating\nperformance and future performance, events or developments that are expected\nor anticipated to occur in the future are forward-looking statements.\nForward-looking statements are subject to a number of risks, uncertainties and\nassumptions. Matters and factors that could cause actual results to differ\nmaterially from those expressed or implied in such forward-looking statements\ninclude, but are not limited to, the matters and factors described in Part I,\nItem 1A, \"Risk Factors\" of Vulcan's Annual Report on Form 10-K for the year\nended December 31, 2025, as may be amended from time to time, its subsequently\nfiled Quarterly Reports on Form 10-Q and its other filings with the U.S.\nSecurities and Exchange Commission. Consequently, all of the forward-looking\nstatements made in this press release are qualified by the information\ncontained under this caption. No assurance can be given that these are all of\nthe factors that could cause actual results to vary materially from the\nforward-looking statements. You should not put undue reliance on\nforward-looking statements. No assurances can be given that any of the events\nanticipated by the forward-looking statements will transpire or occur, or, if\nany of them do occur, that the actual results, performance or achievements of\nVulcan will not differ materially from the results expressed in or implied by\nany forward-looking statements. All forward-looking statements speak only as\nof the date of this press release and, unless otherwise required by U.S.\nfederal securities laws, Vulcan does not assume any duty to update or revise\nany forward-looking statements included in this press release, whether as a\nresult of new information, the occurrence of future events, uncertainties or\notherwise, after the date of this press release.\n\nInvestor Contact\n\nFNK IR\nRob Fink or Joey Delahoussaye\nIR@VulcanIP.com\n312-809-1087\n\nSOURCE: Vulcan Infrastructure and Power Inc.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/vulcan-announces-redemption-of-all-outstanding-8.50-senior-notes-due-2026-1232721)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-10-05T12:30:00.742547981Z","server_sent_at_ms":1791203400742},"received_at":"2026-10-05T12:30:00.793Z","source_url":"https://www.accessnewswire.com/newsroom/en/oil-gas-and-energy/vulcan-announces-redemption-of-all-outstanding-8.50-senior-notes-due-2026-1232721"},"analysis":{"id":"149106","press_release_id":"160537","analysis_json":{"industry":{"label":"Construction & Engineering","sector":"Industrials"},"redFlags":["post-redemption liquidity of only ~$16.9M with no operating cash use factored in","exchange added higher-coupon 10.00% notes due 2030 plus warrants (dilution)","substantial bitcoin holdings (~$5.4M) add mark-to-market volatility to liquidity","preliminary unaudited quarter-end figures subject to change"],"eventType":"debt_offering","narrative":"Vulcan Infrastructure and Power delivered a notice of redemption for all outstanding 8.50% Senior Notes due 2026, with redemption expected October 13, 2026 at 100% of principal plus accrued interest, totaling roughly $30.9 million.\n\nAhead of the redemption, the company completed a privately negotiated exchange, issuing $2.83 million of new 10.00% Senior Notes due 2030 plus warrants on 1 million Class A shares at $1.87 in exchange for $2.79 million of 2026 Notes.\n\nAs of September 30, 2026, Vulcan held approximately $49.2 million of cash and digital assets, including $5.4 million of bitcoin, and expects about $16.9 million remaining after the redemption and $1.4 million of PIPE-related expenses.\n\nManagement framed the redemption as eliminating the 2026 maturity and strengthening the balance sheet, with the key focus on securing AI/HPC customers for its powered sites.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"Maturity wall removed but thin ~$16.9M post-redemption runway leaves little cushion while Vulcan seeks AI/HPC anchor customers."},"keyFigures":{"dealValueUsd":30345200,"customDimensions":{"new_note_coupon":"10.00%","warrants_issued":1000000,"accrued_interest":"$523,000","bitcoin_fair_value":"$5.4 million","new_2030_notes_issued":2833358,"warrant_exercise_price":1.87,"remaining_pipe_expenses":"$1.4 million","redemption_total_payment":"$30.9 million","cash_and_digital_assets_sep30":"$49.2 million","post_redemption_cash_estimate":"$16.9 million"}},"quotedText":"The redemption will eliminate our 2026 debt maturity and further strengthen Vulcan's balance sheet","namedEntities":{"people":[{"name":"Jordan Kovler","role":"CEO"}],"products":["8.50% Senior Notes due 2026","10.00% Senior Notes due 2030"],"companies":[{"name":"Vulcan Infrastructure and Power Inc.","ticker":"VIP"}],"dollarAmounts":[{"amount":"$2,833,358","context":"aggregate principal of new 10.00% Senior Notes due 2030 issued in exchange"},{"amount":"$2,793,150","context":"aggregate principal of 2026 Notes exchanged"},{"amount":"$30,345,200","context":"remaining 2026 Notes principal to be redeemed"},{"amount":"$30.9 million","context":"expected aggregate redemption payment"},{"amount":"$49.2 million","context":"cash and digital assets as of September 30, 2026"},{"amount":"$16.9 million","context":"expected post-redemption cash and digital assets"},{"amount":"$1.4 million","context":"remaining PIPE transaction expenses"},{"amount":"$5.4 million","context":"estimated fair value of bitcoin holdings"}]},"materialImpact":{"score":3,"reasoning":"Full redemption of the $30.3M remaining 2026 Notes removes the near-term debt maturity, but the company also issued 10% notes and 1M warrants in a private exchange and expects only ~$16.9M of cash and digital assets post-redemption, signaling tight liquidity for a pre-revenue AI/HPC site developer."},"tickerRelevance":{"others":[],"primary":"VIP"},"globalImportance":18,"audienceRelevance":25,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"debt redemption + private exchange","issuerAuthored":true,"liquidityConcern":true}},"event_type":"debt_offering","event_type_secondary":["dilution"],"sentiment":"mixed","material_impact_score":3,"narrative":"Vulcan Infrastructure and Power delivered a notice of redemption for all outstanding 8.50% Senior Notes due 2026, with redemption expected October 13, 2026 at 100% of principal plus accrued interest, totaling roughly $30.9 million.\n\nAhead of the redemption, the company completed a privately negotiated exchange, issuing $2.83 million of new 10.00% Senior Notes due 2030 plus warrants on 1 million Class A shares at $1.87 in exchange for $2.79 million of 2026 Notes.\n\nAs of September 30, 2026, Vulcan held approximately $49.2 million of cash and digital assets, including $5.4 million of bitcoin, and expects about $16.9 million remaining after the redemption and $1.4 million of PIPE-related expenses.\n\nManagement framed the redemption as eliminating the 2026 maturity and strengthening the balance sheet, with the key focus on securing AI/HPC customers for its powered sites.","key_figures":{"dealValueUsd":30345200,"customDimensions":{"new_note_coupon":"10.00%","warrants_issued":1000000,"accrued_interest":"$523,000","bitcoin_fair_value":"$5.4 million","new_2030_notes_issued":2833358,"warrant_exercise_price":1.87,"remaining_pipe_expenses":"$1.4 million","redemption_total_payment":"$30.9 million","cash_and_digital_assets_sep30":"$49.2 million","post_redemption_cash_estimate":"$16.9 million"}},"named_entities":{"people":[{"name":"Jordan Kovler","role":"CEO"}],"products":["8.50% Senior Notes due 2026","10.00% Senior Notes due 2030"],"companies":[{"name":"Vulcan Infrastructure and Power Inc.","ticker":"VIP"}],"dollarAmounts":[{"amount":"$2,833,358","context":"aggregate principal of new 10.00% Senior Notes due 2030 issued in exchange"},{"amount":"$2,793,150","context":"aggregate principal of 2026 Notes exchanged"},{"amount":"$30,345,200","context":"remaining 2026 Notes principal to be redeemed"},{"amount":"$30.9 million","context":"expected aggregate redemption payment"},{"amount":"$49.2 million","context":"cash and digital assets as of September 30, 2026"},{"amount":"$16.9 million","context":"expected post-redemption cash and digital assets"},{"amount":"$1.4 million","context":"remaining PIPE transaction expenses"},{"amount":"$5.4 million","context":"estimated fair value of bitcoin holdings"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-05T12:30:21.483Z","global_importance":18,"audience_relevance":25,"importance_components":{"tickerTier":"micro-cap","eventGravity":"debt redemption + private exchange","issuerAuthored":true,"liquidityConcern":true}},"durationMs":8442,"modelName":"glm-5.3-flashx"}}