Ulixe Corp. Announces Board Member Resignation and Appoints Successor

Mario Manzo has resigned from the Board of Directors of Ulixe Corp. effective immediately, citing concerns over the company's reporting status, lack of directors' and officers' liability insurance, absence of a separate indemnification agreement, and insufficient access to financial and management information. The Company acknowledges some of Mr. Manzo's concerns but disputes others, stating that its bylaws provide indemnification and that management has kept the Board informed about efforts to regain compliance with SEC reporting obligations. Ulixe Corp. is working to complete its US GAAP conversion and re-audit financial statements, with Italian subsidiaries expected to complete their 2025 reporting by June 30, 2026. The company has appointed Franco Cappelli, founder of Ulixe Group, to fill the vacancy on the Board. Mr. Cappelli's extensive knowledge of the company is expected to provide continuity and support the business strategy and SEC compliance efforts.