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Casella Waste Systems, Inc. Announces Remarketing of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds
Globenewswire· 2025-08-18 20:55
Core Viewpoint - Casella Waste Systems, Inc. is initiating the remarketing of $37.5 million of Solid Waste Disposal Revenue Bonds, with a redemption of $2.5 million expected on September 2, 2025, and the remaining bonds to be remarketed on the same date [1][2]. Group 1: Bond Details - The total principal amount of the Bonds originally issued was $40.0 million, with a final maturity date set for September 1, 2050 [2]. - The interest rate period for the Bonds is expiring on September 1, 2025, leading to a mandatory tender and remarketing at a new interest rate starting September 2, 2025 [2]. - The Bonds are guaranteed by all or substantially all of Casella's subsidiaries, and they are not a general obligation of the Issuer or the State of New York [2]. Group 2: Remarketing Process - The Remarketed Bonds will be offered exclusively to qualified institutional buyers as defined under Rule 144A of the Securities Act [3]. - The timing and interest rate for the remarketing will depend on market conditions, with no assurance that the remarketing or redemption will be completed [3].
Critical One Announces Upsized Non-Brokered Private Placement
Globenewswire· 2025-08-18 20:53
Core Viewpoint - Critical One Energy Inc. announces an upsize to its non-brokered private placement due to strong investor interest in its Howells Lake Antimony-Gold Project, aiming to raise approximately CDN$3,000,000 by issuing up to 5,000,000 units at CDN$0.60 per unit [1][4]. Group 1: Offering Details - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of an additional common share at CDN$1.00 for 18 months [2]. - The offering is scheduled to close on or about August 26, 2025, subject to regulatory approvals, and will have a hold period of four months and one day for the issued securities [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to activities related to the Howells Lake Antimony-Gold Project, including verification drilling, permitting, strengthening the balance sheet, pursuing corporate strategies, and general working purposes [4]. Group 3: Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, with a strategic position to meet the rising global demand for critical minerals, particularly through its antimony-gold exploration in Canada and uranium interests in Namibia [5].
Faraday Future Reports Financial Results for Second Quarter 2025
Globenewswire· 2025-08-18 20:50
Core Viewpoint - Faraday Future Intelligent Electric Inc. reported significant operational and financial progress in Q2 2025, highlighted by the launch of its FX Super One vehicle and advancements in its AI-driven mobility strategy [1][2][8] Financial Performance - The adjusted operating loss for Q2 2025 was approximately $27.4 million, with a monthly average of $9 million [13] - The net loss from operations was $48.1 million, slightly improved from $50.6 million in Q2 2024 [14] - The quarter-end cash position reached an 18-month high, with financing cash inflow of $55.1 million, marking a 106% increase from the same period in the prior year [14] Operational Developments - The company completed production and delivery of the FF91 P20 model and moved the FX Super One into trial production at the Hanford factory [3][4] - Non-binding reservations for the FX Super One exceeded 10,000 units by July 31, 2025, indicating strong demand [2][13] - The company plans to invest approximately $100 million into U.S. operations over the next 9-12 months, focusing on R&D and infrastructure [4] Strategic Initiatives - Faraday Future unveiled its "EAI + Crypto" Dual-Flywheel & Dual-Bridge Ecosystem Strategy, which includes the new C10 Treasury product aimed at integrating traditional operations with digital platforms [9][11] - The company was added to the Russell 3000 Index, enhancing its visibility among institutional investors [5][13] - The return of founder YT Jia as Co-CEO is expected to strengthen operational and capital fundamentals [7] Market Recognition - Mariah Carey featured the FF 91 2.0 and FFZERO1 in her music video, further promoting the brand [2][13] - The company received positive feedback from California State Treasurer Fiona Ma during the launch event for its new ecosystem strategy [9] Future Outlook - For the second half of 2025, the company aims to maintain financial discipline and drive technological innovation, with expectations to meet production targets for the FX Super One [10][11]
Astrotech Corporation Appoints Nihanth Badugu as Chief Operating Officer
Globenewswire· 2025-08-18 20:45
AUSTIN, Texas, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Astrotech Corporation (Nasdaq: ASTC) (the “Company” or “Astrotech”), today announced that it has appointed Nihanth Badugu as Chief Operating Officer (“COO”) of the Company. Mr. Badugu’s appointment is effective as of August 13, 2025. “The Board is thrilled to promote Mr. Badugu to Chief Operating Officer,” stated Thomas B. Pickens III, Chairman and Chief Executive Officer of Astrotech Corporation. “Nihanth has been an invaluable asset to Astrotech since joini ...
BROAD ARROW ACHIEVES NUMEROUS WORLD RECORD PRICES AT 2025 MONTEREY JET CENTER AUCTION
Globenewswire· 2025-08-18 20:36
Core Insights - Broad Arrow Auctions achieved a total sales figure of $57.4 million during its 2025 Monterey Jet Center auction, with 80% of all lots sold, marking a significant increase in bidder registration by over 20% compared to 2024 [1][3][4] Auction Highlights - The auction set at least eight new record prices, led by the sale of a 2005 Maserati MC12 Stradale for $5,202,500, surpassing the previous record of $3,800,000 for the model [2][4][7] - Other notable sales included a 2008 Koenigsegg CCXR at $3,222,500, a 1980 BMW M1 Procar at $1,600,000, and a 2009 Mercedes-Benz SLR McLaren Prototype "Stealth" at $1,022,500, all setting new records for their respective models [7][9] Market Trends - The auction results reflect a strong demand for modern collectibles, indicating a generational shift in the collector car market, with a notable interest in Japanese collector cars, including a 1999 Nissan Skyline CRS GT-R V-Spec sold for $692,500 [3][4][9] - The top 10 sales at the auction included iconic models such as a 1967 Ferrari 275 GTB/4 at $2,562,500 and a 1955 Mercedes-Benz 300 SL Gullwing Coupe at $1,902,500, demonstrating robust interest in both modern and classic vehicles [9][10] Future Events - Broad Arrow Auctions plans to expand its auction schedule with three new events in 2025, including the inaugural Zoute Concours Auction in Belgium and the debut Las Vegas Auction, indicating a strategic growth in its global footprint [15][18]
Vor Bio Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Globenewswire· 2025-08-18 20:35
Core Insights - Vor Bio, a clinical-stage biotechnology company, is focused on transforming the treatment of autoimmune diseases through innovative therapies [3] Stock Options and RSUs - The Compensation Committee granted stock options to purchase 6,959,013 shares and restricted stock units (RSUs) for 1,491,217 shares to seven new employees as part of the Inducement Plan [1] - Stock options have a ten-year term with exercise prices between $2.11 and $2.04 per share, equal to the closing price on grant dates [2] - Both stock options and RSUs will vest over four years, with 25% vesting after 12 months and the remainder vesting monthly or quarterly thereafter, contingent on continued employment [2] Company Overview - Vor Bio is advancing telitacicept, a novel dual-target fusion protein, through Phase 3 clinical development to address serious autoantibody-driven conditions globally [3]
Heritage Commerce Corp and Heritage Bank of Commerce Announce Appointment of Christopher J. Abate to the Board of Directors
Globenewswire· 2025-08-18 20:30
Group 1 - Heritage Commerce Corp announced the appointment of Christopher J. Abate to its Board of Directors, expanding the Board from eight to nine members [1] - Julie Biagini-Komas, Chair of the Board, expressed confidence in Mr. Abate's experience in real estate and finance, highlighting his leadership skills as a valuable addition to the Board [2] - Clay Jones, President & CEO, praised Mr. Abate's extensive experience in complex markets and product innovation, indicating that his collaborative approach will benefit both the Board and shareholders [2] Group 2 - Mr. Abate has over 20 years of experience in the financial services industry, including his role as CEO of Redwood Trust, Inc. since May 2018 [2] - Prior to his current position, Mr. Abate held various roles at Redwood Trust, including President, Chief Financial Officer, and Controller, showcasing a strong background in finance and accounting [2] - Heritage Commerce Corp, established in October 1997, is the parent company of Heritage Bank of Commerce, which has full-service branches across multiple locations in California [3]
Unitil Closes Common Stock Offering and Full Exercise of Underwriters' Over-Allotment Option
Globenewswire· 2025-08-18 20:30
Core Viewpoint - Unitil Corporation has successfully closed a public offering of 1,602,358 shares of common stock at a price of $46.65 per share, raising approximately $74.75 million in proceeds before deductions [1][2]. Group 1: Offering Details - The offering included the full exercise of the underwriters' over-allotment option [1]. - The proceeds from the offering will be used for equity capital contributions to regulated utility subsidiaries, repayment of outstanding indebtedness, and general corporate purposes [3]. - Wells Fargo Securities, LLC and Scotia Capital (USA) Inc. acted as active bookrunners for the offering, with Janney Montgomery Scott LLC serving as bookrunner [4]. Group 2: Company Overview - Unitil Corporation is a public utility holding company providing electricity and natural gas in New England, serving approximately 109,400 electric customers and 97,600 natural gas customers [6]. - The company is committed to community service and the development of efficient energy delivery technologies [6].
Graphjet to collaborate with Universiti Kebangsaan Malaysia for the development of thermal management material using graphite
Globenewswire· 2025-08-18 20:30
Company Overview - Graphjet Technology has developed patented technology to recycle palm kernel shells into single layer graphene and artificial graphite, positioning itself as an innovative producer in the graphene and graphite market [6] Collaboration and Research - Graphjet has agreed to collaborate with the Centre for Materials Engineering and Smart Manufacturing (MERCU) at Universiti Kebangsaan Malaysia (UKM) to utilize graphite and graphene in additive manufacturing technology for advanced heat sinks [1][2] - The collaboration is part of the Consortium of Research Excellence (KKP) 2025 under the Malaysian Ministry of Higher Education [1] Technological Advancements - The completion of a new laboratory enhances Graphjet's capability for quality testing and research on its graphite and graphene products, reducing reliance on third-party testing services and improving turnaround times for development programs [2] - The focus on additive manufacturing technology aims to improve existing heat sinks and develop new advanced heat sinks, particularly for data centers [3] Market Demand - There is a surging demand for specialized chips, especially AI chips, which require more efficient cooling solutions, thus increasing the need for advanced heat sinks [3] - The data center industry is booming in Malaysia and Southeast Asia, with major companies like Amazon Web Services, Microsoft, Google Cloud, Alibaba Cloud, and Equinix & NTT investing in the region [4]
Amaero Releases Appendix 4E and Audited Financial Report and Issues Letter to Shareholders
Globenewswire· 2025-08-18 20:29
Core Insights - Amaero Ltd reported a significant increase in revenues, with revenues from ordinary activities up 470% and revenues from contracts with customers from continuing operations up 722%, reaching A$3.8 million for the financial year ending June 30, 2025 [1] Company Overview - Amaero Ltd is a leading U.S. domestic producer of high-value refractory and titanium alloy powders for additive and advanced manufacturing, primarily serving the defense, space, and aviation industries [31] - The company aims to address gaps in the U.S. manufacturing ecosystem by providing large near-net-shape components as alternatives to traditional castings and forgings [3] Operational Milestones - In FY2025, Amaero expanded its manufacturing capabilities by commissioning its second Electrode Induction Melting Inert Gas Atomizer (EIGA Premium) in June 2025, enhancing its production capacity for C103 and titanium alloy powders [4] - A significant A$28 million infrastructure improvement project was completed at the Tennessee facility, achieving AS9100D accreditation for both metal powder production and Powder Metallurgy Hot Isostatic Pressing (PM-HIP) [7] Commercialization Progress - FY2025 marked the transition into initial commercial operations, with a record revenue of A$1.5 million in the June 2025 quarter, driven by strong powder sales and increasing PM-HIP orders [9] - A five-year exclusive supply agreement was executed with Velo3D, estimated to generate A$35 million in revenue, with initial orders to be shipped in Q1 FY2026 [10][11] Financial Stewardship - The capital position improved significantly during FY2025, with a completed A$22 million institutional placement and a US$22.8 million equipment financing loan from the Export-Import Bank of the United States [14][15] - Amaero ended FY2025 with A$19.2 million in cash and A$50.7 million in tangible assets, fully funded for its three-year capital plan through FY2026 [17] Leadership and Governance - The leadership team was strengthened with the promotion of Michael "Mick" Maher to Chief Strategy and Commercial Officer and the appointment of Brett Paduch as Chief Financial Officer [19][20] - Alistair Cray was appointed as Non-Executive Director, enhancing the Board's depth in strategy and governance [21] Industry Outlook - The company is positioned to benefit from increased defense spending, geopolitical risks, and onshoring initiatives, creating a favorable environment for U.S.-based production of advanced materials [22] - Amaero expects a significant revenue increase in FY2026, with contracted revenue for the first half of FY2026 already at approximately 80% of planned revenue [24]