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The Chemours Company Has Been Implicated In A Securities Fraud Class Action Lawsuit – Here’s How Investors Can Get More Information

Benzinga

By Faith Ashmore, Benzinga The Chemours Company (NYSE: CC) has been under scrutiny for a securities fraud class action lawsuit filed in the United States District Court for the District of Delaware. The action, Taylor Jr. v. The Chemours Company, et al. affects anyone who purchased or acquired Chemours common stock between February 10, 2023, and February 28, 2024. Chemours, a chemical company, is accused of engaging in misconduct related to its financial reporting. The company claimed to have generated strong Free Cash Flow for the fourth quarter of 2022 and the full year of 2022, which is the amount of cash a company has available after accounting for operational expenses and investments in property and equipment. Chemours reported its Free Cash Flow figures and its CEO and CFO certified the accuracy of the numbers. Chemours also set criteria for executive compensation based on financial targets, including Free Cash Flow targets. Senior executive officers, including the CEO and CFO, were entitled to additional cash compensation and stock-based compensation if these targets were met. However, on February 13, 2024, Chemours announced a delay in releasing its financial results for the fourth quarter and full year of 2023. The company cited the need for additional time to complete its reporting process and evaluate its internal control over financial reporting. It also revealed that an internal review was being conducted by the audit committee. As a result of this announcement, the stock price of Chemours fell by over 12%. Then, on February 29, 2024, Chemours further shocked investors by announcing that its CEO, CFO and principal accounting officer were placed on administrative leave. The company disclosed that the investigation involved processes for reviewing reports made to the company's Ethics Hotline and practices for managing working capital, including their impact on incentive plans and certain financial metrics. Following this revelation, the stock price of Chemours plummeted by more than 31% to the price of $28.72 per share. On March 6, 2024, Chemours announced that the audit committee found evidence that senior management had deliberately delayed payments to vendors and accelerated the collection of receivables to meet Free Cash Flow targets and incentive compensation metrics. Kessler Topaz Meltzer & Check, LLP has filed a class action lawsuit against The Chemours Company based on the admission of the senior management’s securities fraud. Here’s How Investors With Losses Can Find Out More Information About Their Rights Kessler Topaz Meltzer & Check, LLP, located in Radnor, Pennsylvania, has earned a reputation for prosecuting class actions in state and federal courts throughout the U.S. and globally. It has successfully recovered billions of dollars for victims of fraud and other corporate misconduct. The firm is encouraging Chemours investors who have suffered significant losses to directly contact the firm for more information. To potentially qualify as a lead plaintiff in the Chemours class action lawsuit, investors must take action no later than May 20, 2024. They can move the Court to serve as lead plaintiff either through Kessler Topaz Meltzer & Check, LLP, or other legal counsel. Alternatively, investors can choose to do nothing and remain as absent class members. A lead plaintiff is a representative party who acts on behalf of all class members in the litigation. This individual or small group of investors typically has the largest financial interest and is considered adequate and typical of the proposed class of investors. The lead plaintiff also selects legal counsel to represent both the lead plaintiff and the class. If the court approves these attorneys, they become lead or class counsel. Applying to become a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit. CLICK HERE to submit your Chemours losses or to contact an attorney to discuss your rights: Jonathan Naji, Esq. (484) 270-1453 or email at info@ktmc.com. Featured photo by Tasos Mansour on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. This content may be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 14, 2024 08:25 AM Eastern Daylight Time

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Trust & Will Named to the 2024 CNBC Disruptor 50 List For Pioneering Online Estate Planning

Trust & Will

Trust & Will, the leading digital estate planning and settlement platform in the U.S., announced its inclusion in the CNBC Disruptor 50 list today. This prestigious annual list, published by CNBC, the global leader in business news, highlights some of the most innovative venture-backed companies disrupting their respective industries and driving change across the business world. The CNBC Disruptor 50 recognition follows a remarkable period of company growth that includes several significant milestones: Unveiled a refreshed Trust & Will for Advisors platform Expanded product offering to include probate and settlement services Hired several key executives to join the leadership team Achieved B Corporation certification Named to the Inc. 5000 list (#363 overall; #21 in financial services) With more than 700,000 users, Trust & Will’s platform has experienced a 1300% growth rate, according to Deloitte, and will reach even more families in 2024 and beyond to help with estate planning and probate. Trust & Will is poised for hyper-growth mode growth as more generations understand the importance of estate planning, codifying their legacy for the future, and preparing for the impending ‘Great Wealth Transfer.’ "Empowering families to leave a lasting legacy is our mission, and it’s an honor to be named to the CNBC Disruptor 50 for our pioneering work bringing estate planning to as many Americans as possible," said Cody Barbo, Founder and CEO of Trust & Will. “Planning for the future is one of the most important acts a family can take amid the chaos of everyday life, and we’ve made it as simple and affordable as possible. The years ahead should be even more ambitious for our organization as we work to get millions more Americans to prioritize estate planning.” The CNBC Disruptor 50 list highlights today's most forward-thinking and ambitious companies that are fundamentally changing their industries. Trust & Will joins a venerable group of companies featured on the list over the years, including OpenAI, Airbnb, Uber, and SpaceX. All submissions were subject to a comprehensive and rigorous process of research and evaluation across a wide range of quantitative and qualitative criteria, as well as feedback from CNBC's editorial staff and a global pool of entrepreneurial experts from around the world. For the full list of Disruptor 50 companies, please visit www.cnbc.com/cnbc-disruptors. ABOUT TRUST & WILL Trust & Will is simplifying estate planning and settlement with attorney-approved, legally valid documents and processes designed to adhere to individual state guidelines. Since 2017, we’ve helped hundreds of thousands of Trust & Will members leave their legacy with an affordable way to create an estate plan or settle the estate of a loved one. Our platform uses bank-level encryption that protects customer data and complies with the highest security standards, including SOC 2 and HIPAA. Trust & Will is the official estate planning benefit provider for AARP members, along with several leading financial institutions, who all believe in our mission of helping every family leave their legacy. To learn more, visit trustandwill.com. Trust & Will is an online service providing legal forms and information. Trust & Will is not a law firm and does not provide legal advice. Contact Details Danielle Nuzzo +1 631-807-7772 danielle@trustandwill.com Company Website https://trustandwill.com

May 14, 2024 07:00 AM Eastern Daylight Time

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USITC Issues Affirmative Preliminary Determination in Trade Case Against Imports of Ferrosilicon from Brazil, Kazakhstan, Malaysia and Russia

U.S. Ferrosilicon Producers

The U.S. International Trade Commission (USITC) preliminarily determined today that ferrosilicon imports from Brazil, Kazakhstan, Malaysia and Russia are causing material injury to the U.S. industry. All four Commissioners voted in the affirmative. The Commission’s unanimous vote comes in response to petitions filed on March 28 by CC Metals and Alloys, LLC (“CC Metals”) and Ferroglobe USA, Inc. (“Ferroglobe”), who together account for all American ferrosilicon production. The petitions allege that unfairly priced and subsidized ferrosilicon imports are injuring the U.S. industry and its workers. Ferrosilicon is a critical input used to produce steel and foundry products, making preservation of the American industry a matter closely related to significant national security priorities. “Producers in Russia, Kazakhstan, Malaysia, and Brazil are using predatory pricing practices to take market share from American producers. This distorts the market and puts American workers out of jobs,” said Marco Levi, Chief Executive Officer of Ferroglobe PLC. “Today’s vote is encouraging. It brings us one step closer to ensuring a level playing field.” On April 17, the U.S. Department of Commerce (Commerce) initiated eight antidumping (AD) and countervailing duty (CVD) investigations into imports of ferrosilicon from Russia, Kazakhstan, Malaysia, and Brazil. "Today's vote validates the data in our petitions and questionnaires showing the serious harm inflicted by unfair imports," said Chris Cobb, Plant Manager of CC Metals and Alloys, Inc. " We applaud the USITC for taking this step toward restoring fair competition to the U.S. market and confidence to U.S. workers and consumers. We look forward to seeing our trade laws enforced.” Commerce is continuing its investigations and will make preliminary CVD determinations as early as June 2024 and AD determinations as early as September 2024. If the determinations are affirmative, provisional AD and CVD duties will be collected based on the preliminary margins calculated by Commerce and potentially applied retroactively. About the CC Metals and Ferroglobe CC Metals traces its roots back to 1949, when it was founded as a producer of large-volume commodity ferroalloys for the steel industry in Calvert City, Kentucky. Today CC Metals is an ISO 9001 certified leading manufacturer of more than 40 different products including 18 different ferrosilicons and more than 20 different magnesium ferrosilicon inoculants, high purity, 3%-9% magnesium and proprietary alloys. CC Metals ships over 100,000 metric tons of finished product annually from its manufacturing facility in Calvert City, KY via barge, rail and truck. Ferroglobe USA, Inc. is a wholly-owned U.S. subsidiary of Ferroglobe PLC, a world leading producer of silicon metal and ferroalloys, serving a customer base across the globe in dynamic and fast-growing end markets, such as solar, automotive, consumer products, construction and energy. Through its subsidiaries, Ferroglobe operates metallurgical manufacturing facilities and mining sites in Alabama, Indiana, Kentucky, Ohio, South Carolina, and West Virginia. For more information, visit https://www.ccmetals.com/ and https://www.ferroglobe.com/ Contact Details Elizabeth Heaton +1 202-445-9858 elizabeth@eahstrategiesllc.com

May 10, 2024 04:10 PM Eastern Daylight Time

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SFAA Members Elect New Board, Honor Outgoing Chair at Annual Meeting

SFAA

The Surety & Fidelity Association of America (SFAA), a nonprofit, nonpartisan trade association representing all segments of the surety and fidelity industry, held its annual meeting this past week with more than 185 members and guests attending. Robert Murray, SFAA Chair, Executive Committee Member, Head of Surety, Zurich North America, and Ryan Work, SFAA president and CEO, presided over the event, providing updates on SFAA’s accomplishments and ongoing initiatives. SFAA members were on hand to celebrate outgoing SFAA Chair Robert Murray after his two-year term, in addition to congratulating him on his upcoming retirement. Murray will be succeeded as chair by Michael Keimig, president and CEO of Markel Surety Corporation. Keimig has been an active participant in the SFAA for over a decade, most recently as a Board and Executive Committee member. Videos celebrating SFAA’s accomplishments throughout 2023 and honoring the 2023 Surety Industry Awards winners were also shared. The SFAA Membership elected the following Board of Directors and Executive Committee in a unanimous vote. Officers and Executive Committee Members Michael Keimig Stephen Ruschak John F. Welch Rick Ciullo Timothy Mikolajewski Antonio C. Albanese Bryce Grissom Other Elected Board Members Ken Bearley John Guglielmo Stephen M. Haney James Kawiecki Matt Lubin, Robert Murray Alan Pavlic Sharon Sims Gary Stumper Larry Taylor Mike Zurcher The Surety & Fidelity Association of America (SFAA) is a nonprofit, nonpartisan trade association representing all segments of the surety and fidelity industry. Based in Washington, D.C., SFAA works to promote the value of surety and fidelity bonding by proactively advocating on behalf of its members and stakeholders. The association’s more than 425 member companies write 98 percent of surety and fidelity bonds in the U.S. For more information visit www.surety.org. Contact Details Peter Roth +1 703-401-0676 proth@surety.org Company Website https://surety.org/

May 09, 2024 09:55 AM Eastern Daylight Time

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Boeing’s Chairman is Leaving Under a Cloud – So Why Does Exxon Want Him on Their Board?

NLPC

In a case of corporate elitists’ blindness at best, and ineptitude in governance at worst, Exxon Mobil Corporation’s directors have renominated Lawrence “Larry” Kellner, who is also the departing Chairman of the crisis-plagued Boeing Company, to their own board. Kellner, a former Continental Airlines Chairman/CEO, left the now-defunct (merged with United) company in late 2009 and joined Boeing’s board of directors in 2011. He was elevated to chairman in late 2019, and his tenure has been marked with failures both financial and reputational. As anyone who follows air travel news knows, Boeing has likely endured the worst year of any U.S.-based corporation due to numerous troubling safety incidents, with the penultimate occurrence in January, when a door plug blew off an Alaska Airlines flight at 16,000 feet, imperiling passengers and crew. In addition to that high-profile episode, Kellner has presided over a cascade of devastating headlines related to Boeing’s quality and safety record. It’s gotten so bad that now every airliner performance glitch, regardless of the responsible party, is now headlined as a “Boeing plane” incident. Yet, inexplicably, ExxonMobil wants Kellner to serve another year on its board, which he joined in 2023. As a result, National Legal and Policy Center, a shareholder in both Boeing and Exxon, is calling for fellow investors to vote against Kellner for the energy company’s annual meeting on May 29. “It’s incredible to have to even ask, but after the last five years-plus that Boeing has had, Larry Kellner is properly leaving its board – so why do Exxon directors think he deserves a seat with them?” said Paul Chesser, director of NLPC’s Corporate Integrity Project. “Is this about strong governance to protect shareholder assets, or just keeping the social club together until something catastrophic happens – like what just happened at Boeing?” Earlier this week NLPC filed a proxy memo with the Securities and Exchange Commission which further explained why it believes Kellner has no business serving on a corporate board at this time, much less the largest U.S.-based energy company in the world. Kellner, along with exiting CEO Dave Calhoun, were supposed to be the leadership pair to improve Boeing’s performance after the firing of previous CEO Dennis Muilenburg. Instead the company’s performance only worsened, with its stock price being almost halved since Kellner took over as Chairman. NLPC also released a short video on Thursday that highlights Boeing’s mishaps under Kellner’s leadership, and questions why ExxonMobil would want to keep him on its governance team. The oil giant’s board, in exhibiting the ultimate in tone-deafness, even plans to keep Kellner on the company’s safety committee! “There’s a reason Larry Kellner is leaving Boeing’s board, and that reason is failure,” Chesser added. “Exxon is not in business so it can provide soft landings for mediocre executives. Nonetheless his colleagues put him on the proxy ballot for the board, so our fellow shareholders should do the right thing and vote against him.” ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, the National Legal and Policy Center promotes ethics in public life through research, investigation, education and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

May 09, 2024 09:49 AM Eastern Daylight Time

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Own Up and Move Forward from a Crisis: Reputation Expert Ray Hennessey Explores Elements of a Lasting Apology in a New Book, Beyond Sorry

Vocatus

Everyone messes up. In relationships. In business. In life. It’s a fact of human nature that we’re flawed. People aren’t inherently bad, but humans tend to do a lot of bad things. In the digital age, so much of our personal and professional behavior can be suddenly thrown into public view. In a new book, Beyond Sorry: How to Own Up, Make Good and Move Forward After a Crisis, author and reputation expert Ray Hennessey lays out the framework for people to offer sincere and lasting apologies that can help resurrect their careers or personal lives in the digital age. “Repairing a reputation isn’t easy,” Hennessey said. “It takes more than a simple apology. That’s what I meant to convey in the title — Beyond Sorry — taking the extra steps to ensure you can fight all the hurdles in your way.” Most people have engaged in behavior they’re not proud of, whether personally or professionally, and humans are prone to imperfect traits and impulses. History, literature, and music have given us examples of falls from grace, tragedies, and fatal flaws for centuries. Beyond Sorry explores the steps readers need to take to move forward, including finding the right words, delivering the message with credibility, taking ownership of actions and behaviors, and living a life that shows you’re worthy of another chance. In a social media-driven world, Hennessey’s message becomes even more important. “The human tendency to fail those around us has changed from a personal crisis to one with a large audience often clamoring for some measure of retribution,” Hennessey said. “As humans, professionally and personally, we find ourselves at risk of lasting reputational damage if we don’t find a way to recover and move forward.” Hennessey is Executive Partner and Chief Executive of Vocatus, a marketing and messaging consulting firm that works with companies and individuals in financial services and other industries. He is a frequent speaker on the topic of reputation management and digital communications. With more than 25 years of media, marketing, and management experience, Hennessey previously served as Editorial Director for Entrepreneur Media, helped launch the FOX Business Network, and appeared regularly on CNBC and CBS News. Earlier in his career, he was an editor at SmartMoney.com and Dow Jones, where he wrote the IPO Outlook column for The Wall Street Journal. About Vocatus Vocatus is a growth partner for companies, providing sales consulting, CRM support, marketing and advertising, and communications support. We are a high-level consulting firm, helping executives craft and execute their business strategies. Investing in public relations, marketing and brand development is essential in a competitive environment. That investment demands a balance between strategy and execution, an experienced and cohesive team, and a holistic, integrated plan for a multi-channel world. As a true outsourced partner, your success is our success. We prioritize collaboration and communication to ensure we’re always aligned with your vision. Contact Details For Vocatus Peter Page ppage@vocatusllc.com

May 08, 2024 12:00 PM Eastern Daylight Time

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Team Internet CEO Michael Riedl discusses growth and integration post-Shinez acquisition

Team Internet Group PLC

Team Internet Group PLC (AIM:TIG, OTCQX:TIGXF) CEO Michael Riedl discusses the completion of the acquisition of Shinez, a digital content production and promotion company specialising in listicle-based articles with embedded advertisements. Riedl noted that the acquisition is immediately accretive to earnings, with an expected high single-digit EPS accretion for the year, even before accounting for synergies. He highlighted that Shinez attracts different customer groups early in the decision-making process, which complements Team Internet's existing product suite. With the inclusion of Shinez, Team Internet now covers the entire marketing conversion funnel, from initial awareness to final sale conversions, he added. Riedl also discussed future growth strategies, emphasizing the enhanced capability to target consumers at every stage of their decision-making journey, thus increasing shareholder value. He mentioned leveraging synergies such as cross-promoting products and integrating ad inventories. The acquisition strengthens Team Internet's relationship with significant internet players like Meta, providing potential spillover benefits. Looking ahead, Team Internet plans to deepen its involvement in social media and expand its network of demand-side partners to better tailor commercial offers to consumers. Contact Details Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

May 08, 2024 08:06 AM Eastern Daylight Time

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PRESTIGEPEO WINS TWO STEVIE® AWARDS IN 2024 AMERICAN BUSINESS AWARDS®

PrestigePEO

PrestigePEO, one of the nation’s largest professional employer organizations (PEO), announced today it was named winner of two Bronze Stevie® Awards in both the Company of the Year - Business & Professional Services – Medium and Achievement in Sales or Revenue Generation categories of The 22nd Annual American Business Awards®. The American Business Awards are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small. Nicknamed the Stevies for the Greek word meaning “crowned,” the awards will be presented to winners at a gala ceremony at the Marriott Marquis Hotel in New York on Tuesday, June 11. Tickets are now on sale. PrestigePEO was recognized in this prestigious competition for its distinctive model and service offering to small and medium-sized businesses (SMBs) as well as its commitment to customer service, market expansion, and introduction of innovative solutions. As a PEO, PrestigePEO supports SMBs nationwide by providing an extensive menu of human resources and administrative services to expand their employee benefits offerings and provide their HR operations with deep guidance and expertise. “This recognition is a tribute to PrestigePEO’s team. They work tirelessly every day to ensure our clients and their employees receive exceptional service and a broad portfolio of best-in-class benefits options. Our distinctive service model is dedicated to the delivery of top-notch service, which is the primary reason why PrestigePEO was recognized by the Stevie Awards program,” commented PrestigePEO’s Chief Operating Officer Robyn Rusignuolo. “From our humble roots as an entrepreneurial start-up organization in 1998, PrestigePEO has since morphed into one of the nation’s top PEOs. We earned this ranking not only from our ever-increasing menu of benefits and services but also because of the people we employ, the diverse companies we serve, and our unrelenting efforts to continually expand our offerings. We thank the judges for recognizing our company and team,” said PrestigePEO Chief Executive Officer Andrew Lubash. An excess of 3,700 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories. More than 300 professionals worldwide participated in the judging process to select this year’s Stevie Award winners. Details about The American Business Awards and the list of 2024 Stevie winners are available at www.StevieAwards.com/ABA. About the Stevie Awards Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, the Stevie Awards for Sales & Customer Service, and the new Stevie Awards for Technology Excellence. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com. About PrestigePEO Melville, N.Y.-based PrestigePEO, also known as Prestige Employee Administrators LLC, provides integrated, end-to-end outsourced solutions to small and medium-sized businesses (SMBs) for managing all integral benefits and human resources operations. This includes support for employee benefits management, payroll administration, workers’ compensation, compliance, and HR guidance, among other areas. PrestigePEO’s full spectrum of solutions helps SMBs lower employee benefit costs, reduce administrative workloads, and manage critical HR functions. PrestigePEO is among only 1% of PEOs accredited by the Employer Services Assurance Corporation (ESAC), certified (CI) through Workers Comp Risk Management and classified as a Certified Professional Employer Organization (CPEO) by the IRS – demonstrating financial stability and strict adherence with a diverse range of regulatory and security standards. To learn more, visit www.prestigepeo.com and follow PrestigePEO on Facebook, Twitter, LinkedIn and YouTube. Contact Details PAIRELATIONS, LLC Susan Turkell +1 303-766-4343 sturkell@pairelations.com Company Website https://www.prestigepeo.com/

May 08, 2024 08:00 AM Eastern Daylight Time

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5thScape Lists "MMA Cage Conquest" on Meta Store: Step into the Ultimate Virtual MMA Arena

Spark Metro PR

Mixed Martial Arts fans and enthusiasts, your virtual fighting dreams have arrived! 5th Scape delivers a transformative experience with "MMA Cage Conquest," stepping far beyond traditional fighting games into true sensory immersion. Step into the iconic MMA cage, feel the roar of the crowd and become the champion you always envisioned. The 5thScape Project is an ambitious venture that aims to create a comprehensive Virtual Reality ecosystem. In this VR ecosystem many developers, gamers and experts from various industries can collaborate. This is a VR gaming studio startup in which they focus on developing games, movies, animations etc. Apart from this, they are also planning to launch a special VR headset and a VR Chair which is an ergonomically perfect chair for long gaming sessions. Now, coming back to the MMA Cage game, - "MMA Cage Conquest" redefines virtual combat. Its skill-based system demands true martial arts strategy along with honed reflexes. Learn and master strikes like a real-life wrestling professional. It includes (not limited to) powerful grappling throws and the intricacies of ground control to secure your victories. Feel the impact of every blow, the thrill of a perfectly executed submission, and the tension of a match fought on the razor's edge. Training lies at the heart of "MMA Cage Conquest." This journey transcends button-mashing and enters the realm of personal development. Start as an eager underdog, mastering the fundamentals through rigorous simulations. Refine your striking, defense, and ground game, tracking your progression and building unshakeable confidence. With each session, you don't just play the game – you live the fight. MMA Cage Conquest is all set to make gaming experiences more vigorous and a powerhouse for the senses. Feel the rush in your bones as you climb the leaderboards, and establish yourself as the ultimate MMA cage conqueror. Ready to unleash your inner champion? "MMA Cage Conquest" will be available on the Meta platform. Submitted for listing on May 2, 2024, the developers await approval. Visit 5thscape.com for trailers, release updates, and the latest news on your journey to become the undisputed MMA Cage conqueror. Contact Details 5th Scape 5th SCAPE Team +1 302-597-6768 team@5thscape.com Company Website https://5thscape.com

May 08, 2024 06:18 AM Eastern Daylight Time

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