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FORT SMITH, Ark., Jan. 22, 2026 (GLOBE NEWSWIRE) -- The Endeavor Investor Group (together with its affiliates, "Endeavor” or "we”) today issued the following letter to Mawson Infrastructure Group Inc. ("Mawson” or the "Company”) stockholders.Dear Fellow Shareholders:The Endeavor Investor Group (together with its affiliates, "Endeavor” or "we”) is a significant stockholder of Mawson Infrastructure Group Inc. ("Mawson” or the "Company”). We invested in Mawson because we believe the Company controls a strategically important footprint in high-performance compute ("HPC”) and digital asset infrastructure that is not reflected in today’s share price.Mawson is a strategic and valuable company. It has capabilities, relationships, and assets that are difficult and expensive to replicate. Despite this, the Company has suffered from repeated strategic missteps, poor capital allocation decisions, and ineffective oversight during periods of financial distress.In our view, the Company’s current position reflects failures in governance and leadership. The current Board and CEO have not delivered the strategy, execution, or accountability shareholders deserve. We believe meaningful change in leadership is necessary for shareholders to realize the value we see in Mawson’s assets and platform. Shareholders should evaluate whether the current leadership team is fit for purpose at this inflection point and whether the Company needs different experience, urgency, and accountability at the top.Against this backdrop, we are writing to you today for three reasons:(1) Mawson’s current trajectory is not sustainable or acceptable for shareholders(2) The Board has not meaningfully engaged with us despite repeated outreach(3) We believe shareholders deserve a credible plan and immediate actionIn our view, the path forward begins with stabilizing the balance sheet, prioritizing Mawson’s highest-value assets, and restoring accountability at the Board and management levelState of Mawson Today(1) ~95% decline in share pricea. Mawson’s market capitalization has fallen from approximately $450 million at the end of 2021 to roughly $15 million as of early January 2026(2) Overreliance on dilutive equity issuances and asset salesa. As disclosed in the Company’s SEC filings, Mawson recently sold approximately 1.6 million shares through its at-the-market ("ATM”) program, for ~$9.6 million in gross proceedsb. Despite Mawson’s all-time low market capitalization, management continues to sell shares today(3) Lack of coherent leadership, CEO Turnovera. Mawson is operating with a temporary CEO and has had to dismiss its past two CEOs for causeb. The current management team is largely comprised of attorneys and is focused more on litigation than on operations(4) Strained Balance Sheeta. As of September 30, 2025, Mawson had $9 million of negative equity on its balance sheet and more than $24 million of borrowings due within one yearWhat Endeavor Proposes Mawson Should Do(1) A focused strategy around Mawson’s highest-value sites and customers towards AI and high-density computea. Leverage the company’s attractive power and site footprint in strategically-advantaged regions beyond Bitcoin miningb. As an example of the untapped value, in 2022, Mawson agreed to sell its Sandersville, Georgia Bitcoin mining facility and 6,468 ASIC miners to a large publicly traded Bitcoin miner for up to $42.5 million in total consideration. The sale price is nearly 3x the entire market capitalization of Mawson today, demonstrating both the destruction in value and the Company’s inability to harvest the value of its own assets(2) A meaningful equity recapitalization that reduces short-term liabilities and ends the cycle of crisis financinga. Endeavor will be an active partner to Mawson and provide new equity capital to fund near-term obligations and support future growth(3) Improved governance that reflects relevant experience in AI, HPC, digital assets, and energy, and that holds management to clear performance standards and alignment between management incentives and shareholder valueWhy Endeavor is Uniquely Positioned to Lead this Change and Next StepsEndeavor and its affiliates have deep experience across digital infrastructure, power markets, high-performance compute, and digital assets. We have deployed capital across multiple market cycles and understand the operational, financial, and governance discipline required to scale infrastructure businesses responsibly. Our capital is long-term, aligned, and at risk alongside all other stockholders.Since disclosing our investment, Endeavor has repeatedly sought to work with the Board and management to address Mawson’s challenges. We have shared the above-mentioned concerns and solutions with Mawson’s Board and Management. Our intent is straightforward: we want to help Mawson avoid a destabilizing outcome and create value for all its shareholders. We are ready to commit a substantial amount of our own capital to help Mawson succeed. We are not seeking special control rights, favorable economics, or any side arrangements. We simply want Mawson to succeed and reap benefits for all shareholders. Ideally, this can be accomplished in collaboration with the existing Board. However, if the Board continues to refuse to meaningfully engage with shareholders, we are prepared to consider all available shareholder-driven remedies, consistent with our rights and responsibilities as owners.We encourage all stockholders to carefully evaluate Mawson’s performance, the Board’s record, and the path forward. We are confident you will arrive at the same conclusions we have.Sincerely,THE ENDEAVOR INVESTOR GROUPEndeavor Blockchain, LLCPM Squared, LLCJoshua KilgoreCody SmithPhil StanleyAbout Endeavor Investor GroupThe Endeavor Investor Group (together with its affiliates, "Endeavor”) is an investment group focused on high-performance compute and digital asset infrastructure. Endeavor is comprised of Endeavor Blockchain, LLC, Big Digital Energy LLC, PM Squared, LLC, and certain associated individuals and entities, including Joshua Kilgore, Cody Smith, and Phil Stanley.Through its affiliates, Endeavor has invested in and operates large-scale, energy-intensive compute and digital asset infrastructure across the United States, with experience in:Developing and financing high-density compute and digital asset facilities;Power procurement, grid interconnection, and regulatory strategy in diverse energy markets; andDesigning, building, and operating mission-critical infrastructure for digital assets and high-performance computing.Investor contact:Investor RelationsSamir JainEmail: ir@big-digital.energyCERTAIN INFORMATION CONCERNING ENDEAVOREndeavor intends to file a preliminary proxy statement and accompanying WHITE universal proxy card with the Securities and Exchange Commission (the "SEC”) to be used to solicit votes for, among other things, the election of one or more director nominees at the 2026 annual meeting of stockholders of Mawson Infrastructure Group Inc., a Delaware corporation ("Mawson” or the "Company”).ENDEAVOR STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND ANY OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC’S WEBSITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO ENDEAVOR’S INVESTOR RELATIONS DEPARTMENT AT THE CONTACT INFORMATION SET FORTH ABOVE.The participants in the proxy solicitation are anticipated to be Endeavor Blockchain, LLC ("Endeavor Blockchain”), PM Squared, LLC ("PM2”), Joshua Kilgore, Cody Smith, Phil Stanley, and such other persons as may be identified in the proxy statement and any other proxy materials filed by Endeavor with the SEC (collectively, the "Participants”).As of the close of business on January 21, 2026:- Endeavor Blockchain beneficially owned directly 1,400,000 shares of common stock, par value $0.001 per share, of the Company (the "Common Stock”).- PM2 beneficially owned directly 2,297 shares of Common Stock.- Mr. Kilgore beneficially owned directly 8,000 shares of Common Stock.- Mr. Smith beneficially owned directly 70,000 shares of Common Stock.Through his 100% ownership of the membership interests in Endeavor Blockchain, LLC, Joshua Kilgore may be deemed to beneficially own an aggregate of 1,408,000 shares of Common Stock. Through his 100% ownership of membership interests in PM Squared, LLC, Phil Stanley may be deemed to beneficially own an aggregate of 2,297 shares of Common Stock. Each of the Participants disclaims beneficial ownership of such shares except to the extent of his or its pecuniary interest therein.In the aggregate, as of the close of business on January 21, 2026, the Participants beneficially owned 1,485,297 shares of Common Stock, representing approximately 44.9% of the outstanding shares of Common Stock of the Company (based on 3,304,639 shares outstanding as reported by the Company in its Quarterly Report on Form 10-Q filed on November 14, 2025 and its Current Report on Form 8-K filed on December 17, 2025.Additional information regarding the Participants and their direct or indirect interests in the securities of the Company, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with the SEC by Endeavor in connection with the solicitation of proxies for the Company’s 2026 annual meeting of stockholders.
One Maverick-style appearance in Davos by the French president was worth $4 million to an obscure Italian micro-cap stock.
The S&P 500 already closed the gap but with earnings, you know... you never know. It's always a tricky event with risk, everyone's got an opinion, especially us with ourself, and everyone's got good explanations about why it should go up. Or why it would go down. Then when the report is out, it gets even worse as everyone tells the stock price what it should do. It can't go down, the "report was so good". It reminds me one of the biggest lessons I learned about stocks and earnings: The 'report' is not the report itself (the revenue beat, the EPS, etc). The report is, in practical terms, the stock price reaction to the report. And nobody cares what you think the stock should or should not do.So many people have a ton of hurdles that keep them internalizing this critical lesson. Some would lose a lot less if they did. Especially those that try to buy dips on a stock that surprises to the downside because "it went down too much" and the "report was great, the numbers are good, they beat."Nobody cares if they beat. 90% of them "beat". It only matters if the beat is a SIGNIFICANT surprise and follow the stock price. Nobody cares what you think about the company or the stock. Not in earnings.But many stock holders want to lower the risk when the company behind that stock they're holding is about to report its quarterly earnings. And has not been there, right, long term stock holders? Even those that swing traded that baby, It's relevant for everyone holding before earnings, at least to consider. So here goes...Earnings Risk Mitigation for StockholdersHow to use the options market’s “expected move” to reduce risk without selling everythingEducational only. Not financial advice. Earnings are high-risk events, and gaps can exceed any estimate. If you are unsure, reduce size, talk to a qualified professional, or sit the event out.If you have ever held a stock into earnings and thought:“Should I sell it all?”“Should I sell none of it?”“Maybe I sell half?”“I’m up a lot... but I don’t want to miss more upside.”“I’m up a little... but I also don’t want this to reverse and wipe me out.”You are describing the most common pre-earnings dilemma.Most people respond in one of four ways:Do nothing and hope.Panic sell all of it.Sell a random amount (often 50%) without a clear reason.Overcomplicate it with options they do not fully understand.There is a better way: a simple, repeatable framework that uses one powerful input from the market itself:The options market’s expected move (often estimated from the implied at-the-money straddle).This article will walk you through it step by step, including a real numeric example using INTC as a case study. The goal is not to predict earnings. The goal is to control what happens to your P&L if earnings surprises you.1) Why earnings is different from “normal” trading daysEarnings is not “just another candle.”On normal days, price typically moves during regular hours, and your stop-loss can often function as intended (not perfectly, but reasonably).On earnings:The stock can gap up or down after hours or pre-market.Price can jump over your stop. You might get filled far away from where you planned.Volatility spikes. Even if you are “right,” the path can be violent.So before earnings, risk mitigation is less about “where my stop is” and more about:How big is my position?How much of my open profit is at risk?What move is the market pricing in?How much do I want to keep on as a runner?2) The key tool: the expected move from the options marketWhat is the “expected move”?A common way traders estimate the expected move for an earnings event is by looking at the at-the-money (ATM) straddle for the option expiration that captures the earnings release.An ATM straddle = 1 ATM call + 1 ATM put.The total price of that straddle is a rough proxy for what the options market is pricing as the move needed to break even over that time window.Quick estimate (the version you can actually use)If the stock is at price P and the market-implied expected move is M%, then the expected move in dollars is:Expected Move ($) = P × M%Example:Stock at $54Expected move 8.2%Expected move dollars ≈ 54 × 0.082 ≈ $4.43So a rough market-implied range is:$54 ± $4.43About $49.6 to $58.4Important:This is not a guarantee.The real move can be smaller, or larger.But it is an objective anchor that helps you stop guessing.3) A realistic twist: using a fraction of the implied moveMany traders notice that realized moves are often smaller than the implied move, because option prices can include a volatility risk premium.So you can choose an assumption like:Full implied move (100% of M)A haircut like two-thirds of implied (67% of M)Half implied (50% of M)There is no magic number. The benefit is consistency: you pick a rule and apply it repeatedly.In the INTC example below, we use:Two-thirds of 8.2%That equals 5.47%4) The core concept: “profit cushion” vs “expected move”This is the hand-holding part. Here is the entire logic in plain language:If you are in profit before earnings, you have a profit cushion.Earnings can move the stock against you by some amount (the expected move).You can sell (or cover) some shares to bank profit.You keep a smaller “runner” into earnings so you still participate if the move goes your way.The math helps you choose how much to keep, so the adverse move does not hurt much.Define two simple numbersProfit cushion per share (C): how much profit you can lock per share by trimming now.Expected move per share (E): the dollars the stock might move (based on implied move).Then you compare them.If E is huge relative to C, earnings can easily erase your profit. You should keep less.If C is huge relative to E, you have plenty of cushion. You can keep more.5) The “napkin math” formula (works for longs and shorts)This is the quick method you can do in your head.Step A: Convert expected move to dollarsE = Price × ExpectedMove%Step B: Calculate cushion per shareFor a long:Cushion = CurrentPrice - EntryPrice (if you are up)For a short:Cushion = EntryPrice - CurrentPrice (if you are up)Step C: Keep fractionA clean, practical estimate is:Keep fraction ≈ Cushion / ExpectedMove$Then:Trim fraction ≈ 1 - Keep fractionThis is not “perfect math.” It is intentionally simple and useful.How to interpret it fastIf expected move is 4x your cushion, keep about 1/4 of your position.If expected move is 2x your cushion, keep about 1/2.If expected move is equal to your cushion, you can keep about all and still have protection (though you may still trim for comfort).If you have no cushion (you are flat or red), the formula will tell you to keep very little if your goal is protection. That is a feature, not a bug.6) INTC case study: trimming a position into earnings (short example)This case study is based on a real-style trading situation many readers recognize: you have a position on, earnings is tonight, volatility is elevated, and you want to reduce risk while keeping a runner.Trade context (simplified)Assume a planned 100-share short idea, but only 2 of 3 entries filled, so you are two-thirds sized:Current short position = 66.67 sharesFilled entries:Sell 1: 54.72Sell 2: 55.15Average entry (2 fills):(54.72 + 55.15) / 2 = 54.935The unfilled add order is canceled (you do not want to increase size right before earnings).Plan changeYou want to take a bigger-than-usual partial profit before earnings at:Partial cover at 53.92Cushion per shareCushion per share (short in profit) is:54.935 - 53.92 = 1.015Percent move captured on that partialPercent captured (relative to entry):1.015 / 54.935 = 1.85%So trimming at $53.92 locks about +1.85% on the shares you cover.IMPORTANT NOTE: Some traders wait to fill with a limit order BUT IF YOU DID NOT GET A FILL, then exit with a market order or closer limit order 10 minutes before the close, and do what you need to exit before the close.7) Plug in the expected move assumptionYou referenced an implied expected move of 8.2%.For this scenario, we apply a two-thirds haircut:8.2% × (2/3) = 5.47%Now convert that to dollars using the trim price (53.92):Expected move dollars:53.92 × 5.47% ≈ 53.92 × 0.0547 ≈ 2.95So the “two-thirds implied” earnings range is roughly:Up: 53.92 + 2.95 ≈ 56.87Down: 53.92 - 2.95 ≈ 50.978) How much do we keep into earnings?Now apply the napkin math:Cushion C = 1.015Expected move E = 2.95Keep fraction ≈ C / E:1.015 / 2.95 ≈ 0.34 (34%)That means:Keep about 34% of the current positionTrim about 66% of the current positionSince the current position is 66.67 shares:Keep: 66.67 × 34% ≈ 23 sharesCover: 66.67 - 23 ≈ 43.67 sharesThat “keep 23” version is the near-flat plan if the stock moves against you by the assumed expected move.A slightly more aggressive version (more downside participation)You also asked for a plan that keeps “reasonable risk in play,” accepting a small loss if it gaps up.So we choose:Keep 25 sharesCover 41.67 shares at 53.92This keeps a bit more size for the positive scenario (down move after earnings) while still muting risk.9) What does P&L look like in the two earnings scenarios?Assumptions:Current short: 66.67 shares at avg 54.935Cover 41.67 shares at 53.92Keep 25 shares into earningsEarnings move scenarios from 53.92 are:Up to 56.87Down to 50.97Step 1: Realized profit from the trimProfit per covered share = 1.015Covered shares = 41.67Realized profit:41.67 × 1.015 = +42.29Scenario A: Stock gaps UP to 56.87 (adverse for the short)Loss per share on runner:56.87 - 54.935 = 1.93Loss on 25 shares:25 × 1.93 = -48.3Total P&L (trim profit + runner loss):+42.29 - 48.3 = -6.0That is the point: a small, controlled loss even if earnings goes against you by the assumed move.Scenario B: Stock gaps DOWN to 50.97 (favorable for the short)Gain per share on runner:54.935 - 50.97 = 3.97Gain on 25 shares:25 × 3.97 = +99.1Total P&L:+42.29 + 99.1 = +141.4So you have:A muted loss if wrongA meaningful gain if rightThat is exactly what “risk mitigation without exiting” should look like.10) RR ratios: two useful ways to present itThere are two clean RR lenses you can teach readers.RR Lens 1: Runner-only RR (simple and honest)This measures the risk/reward of only the shares you keep.Runner risk per share (up scenario): 56.87 - 54.935 = 1.93Runner reward per share (down scenario): 54.935 - 50.97 = 3.97Runner-only RR:3.97 / 1.93 ≈ 2.05RThat is a straightforward “about 2-to-1” setup for the runner.RR Lens 2: Total position RR including the trim (the “event RR”)This includes the fact you banked profit first.Total risk (up scenario): about 6.0Total reward (down scenario): about 141.4Event RR:141.4 / 6.0 ≈ 23RThis number looks massive because the trim profit is acting like an internal hedge. That is not “free money.” It is the result of already being in profit and using that profit intelligently.11) How a long stockholder uses the same exact frameworkLet’s translate this to the most common reader situation: you are long a stock into earnings.Long holder version (same steps)Find the expected move (M%)Convert it to dollars: E = Price × M%Calculate your cushion: C = Current - EntryKeep fraction ≈ C / E (cap it at 100%)Sell the rest before earnings, keep a runnerExample (simple numbers)You bought at 100Stock is now 110Expected move is 8% (E = 110 × 0.08 = 8.8)Cushion is 10Keep fraction ≈ 10 / 8.8 ≈ 1.14Cap at 1.00 (100%)Interpretation:Even an expected down move still keeps you above entry, so you can keep more size if you want.But you still might trim if you do not want to give back a big chunk of gains.Another example (the one that forces discipline)You bought at 100Stock is now 104Expected move is 8% (E = 104 × 0.08 = 8.32)Cushion is only 4Keep fraction ≈ 4 / 8.32 ≈ 0.48Interpretation:If you do nothing, a normal-ish earnings swing can erase your gains or put you red.If you want to reduce that risk, you would keep roughly half and trim roughly half.This is exactly what most people try to do randomly. The difference is: now it is anchored to a market-implied number, not a gut feeling.12) A quick rule for people who hate mathHere is the simplest version:Find your profit per share right now.Find the expected move dollars.Ask: “How many times bigger is the expected move than my profit?”Then:If expected move is 4x your profit, keep about 25%.If expected move is 3x, keep about 33%.If expected move is 2x, keep about 50%.If expected move is 1x, you can keep about 100% (still optional to trim).It is not perfect, but it is consistent and protective.13) Common mistakes into earnings (and how to avoid them)Mistake 1: Relying on stopsStops help on normal days. They do not guarantee protection on gaps.Fix:Reduce size first. Size is your real hedge.Mistake 2: Adding right before earningsAdding into a binary event is usually emotional, not strategic.Fix:Cancel unfilled adds into earnings unless you intentionally run an event strategy.Mistake 3: No plan for both directionsIf you only know what you will do if you are right, you do not have a plan.Fix:Write the up scenario and down scenario P&L before the event.If you cannot tolerate the up scenario, trim more.Mistake 4: Holding because of “story”Earnings does not care about your thesis in the short run. The first reaction is often positioning and expectations.Fix:Treat earnings as a risk event, not a debate.14) The main takeawayRisk mitigation into earnings is not about predicting the print.It is about answering one professional question:“How much do I want to keep on, given the market-implied move, so an adverse gap does not ruin my week?”If you remember only one tool from this article, make it this:Keep fraction ≈ (profit cushion per share) / (expected move dollars)Then adjust:Conservative: keep a bit lessAggressive: keep a bit moreAlways: keep it small enough that you can live with the worst case15) Note for InvestingLive readersThe original INTC short idea discussed here was shared in our free Telegram channel. You are welcome to join:https://t.me/investingLiveStocksAlways invest and trade at your own risk only. Good luck to Intel players before earnings in less than 2 hours. For those mitigating their risk, they don't need as much luck.Visit investingLive.com for more about stocks, crypto, forex, commodities, trading and investing education or our onging daily live feed for traders and investors. This article was written by Itai Levitan at investinglive.com.
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The great wealth transfer? More like the great stuff transfer. An expert explains how to help your parents downsize without burning bridges.The post Here’s How to Get Your Parents to Part with Their Stuff—And What to Do with It appeared first on Reader's Digest.
The developer of the popular curl command-line utility and library announced that the project will end its HackerOne security bug bounty program at the end of this month, after being overwhelmed by low-quality AI-generated vulnerability reports. [...]
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Three EECS undergraduates have been recognized by the Computing Research Association (CRA) in this year’s prestigious Outstanding Undergraduate Researcher Awards. The CRA noted that this year’s national pool was exceptionally competitive. Many nominees were highlighted for their significant contributions to multiple research projects, authorship on several papers, and the creation of widely-used software. Congratulations to [...]The post CRA Outstanding Undergraduate Researcher Award recognizes EECS appeared first on EECS at Berkeley.
For a second year, Elantra Hybrid awarded Best Compact Hybrid for the Money For a third consecutive year, Tucson awarded Best Compact SUV for the Money FOUNTAIN VALLEY, Calif., Jan. 22, 2026 /PRNewswire/ -- The Hyundai Elantra Hybrid and Tucson have made the 2026 Best Cars for the Money...
Plans are underway to reopen a longtime Sarasota restaurant that shuttered in 2024. The Original Hob Nob Drive-In, which first opened in 1957, will come back to life this spring under the ownership of Sarasota resident Troy King with the support of his family, who founded locally-based restaurant chain The Breakfast Company.King grew up in Sarasota eating at the Hob Nob, an open-air restaurant along Washington Boulevard known for its burgers, hot dogs, milkshakes and diner food. He later took his children there, according to a statement. He learned about the opportunity to bring the brand forward while he was working on renovations at the business through his construction and remodeling company, King & Sons LLC.The Karras family, which owns the property at 1701 N. Washington Blvd., confirms that it has leased it to King.“Troy sees this opportunity not as a reinvention but as a responsibility to protect something meaningful to the community and ensure that a local landmark restaurant stays open for the next generation,” according to the statement.When the business reopens, the menu will feature items like smash burgers, crinkle-cut fries, shakes and onion rings as well as national beer brands and rotating local craft selections.Previous Hob Nob owner Cary Spicuzza leased the property and ran the restaurant there from 1991 to 2024. On his last day in business, Spicuzza told the Business Observer that consumer behavior as well as inflation and labor costs contributed to his decision to shutter, in addition to his desire to retire. ____________Related ArticleMay 15, 2024Landmark Sarasota restaurant Hob Nob closes after 67 yearsThe owner cites several reasons for Hob Nob Drive In's closure, including the post-pandemic economy. But a forthcoming food truck could keep the brand alive.____________Spicuzza owns eight lots surrounding the Hob Nob, he said previously, including the laundromat and car wash, which he planned to run in retirement.“Troy hopes to work together with Cary on restoring the [restaurant] parking lot to its previous size, given Spicuzza’s ownership of the surrounding lots,” according to the statement. Currently, there are about 13 parking spots around the Hob Nob perimeter.There are just over a dozen parking spaces at the restaurant.Photo by Elizabeth King“Community engagement will remain central to the Hob Nob’s identity,” the statement says. “Plans include sponsoring local events such as classic car gatherings, bike nights and other activities that bring people together, a continuation of the Hob Nob’s long history of supporting Sarasota traditions. The restaurant also plans to publish stories from its past as part of its ongoing connection with the community."King, also a retired law enforcement officer, says he is focused on long-term stewardship of the business. To preserve the "personal, local and welcoming" feel of the restaurant, he will partner with his stepson Dimitri Syros, who co-founded The Breakfast Company, and the team from that business, according to the statement. The Breakfast Company, established in Sarasota in 2020 by Sryos and his mother, Terri Syros-King, has four locations in Sarasota and Manatee counties."As Troy looks ahead, the goal is simple: to preserve what people love while creating space for a new generation to make memories of their own," the statement says. "For many in Sarasota, Hob Nob has always been more than a place to get great food at affordable prices: it’s a place to gather. This spring, that tradition continues.”