TNL Mediagene

TNL Mediagene (formerly The News Lens Co., Ltd. ) was incorporated as a Cayman Islands exempted company on January 20, 2015, and changed its name to TNL Mediagene on August 14, 2023 as a result of the merger between TNL and Mediagene in May 2023. We operate media, technology and digital studio businesses primarily in Japan and Taiwan. Each predecessor company brought unique capabilities to TNL Mediagene TNL’s data analytics, advertising technologies and direct-to-client advertising sales platform, and Mediagene’s portfolio of trusted digital media brands in the Japanese market, innovative content marketing, integrated marketing, live events and retail media capabilities while maintaining our shared core values and focus on high-quality independent digital media publishing. We are strategically pivoting toward expanding our digital studio business and deploying AI-based technology across our operations, with the aim of enhancing operational efficiency and developing new products and services. Business Combination with Blue Ocean On December 5, 2024, we consummated the previously announced Business Combination with Blue Ocean Acquisition Corp. On December 6, 2024, TNL Mediagene Ordinary Shares commenced trading on the Nasdaq under the symbol TNMG and TNL Mediagene Warrants commenced trading over the counter, or OTC. For details of our principal capital expenditures for the previous three years ended December 31, 2025, see Item 5. Operating and Financial Review and Prospects - B. Liquidity and Capital Resources.