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Mountain Province Diamonds Amends Terms of Working Capital Facility
Prnewswire· 2025-11-18 23:18
Core Viewpoint - Mountain Province Diamonds Inc. has entered into an amending agreement with Dunebridge Worldwide Ltd. to modify terms of its CAD 33 million working capital facility, extending the repayment period and allowing access to additional funds during a critical period for the company [1][2][3]. Group 1: Amending Agreement Details - The period for advances against the working capital facility is extended from November 13, 2025, to March 31, 2026 [2]. - Repayment mechanics involving direct payment to Dunebridge from diamond proceeds are deferred until February 28, 2026 [2]. - The principal repayment date for the working capital facility is extended from December 31, 2025, to March 31, 2026 [2]. Group 2: Management Commentary - The President and CEO of the company stated that the amendments provide access to additional funds during a crucial period before the working capital is expected to improve with sales from higher-grade material [3]. Group 3: Approval Process - The Amending Agreement was reviewed and recommended by a special committee of independent directors due to the company's financial condition [4]. - The Board unanimously approved the Amending Agreement, with two members abstaining due to conflicts of interest [5]. Group 4: Related Party Transactions - Vertigol Unlimited Company holds over 35% of the company's shares and is considered a related party, as is Dunebridge, which is also owned by the same ultimate beneficial owner [6]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements due to its financial difficulties [7]. Group 5: Company Overview - Mountain Province Diamonds Inc. holds a 49% stake in the Gahcho Kué mine in Canada and controls over 96,000 hectares of mineral claims surrounding the mine [8].
ASUR SIGNS DEAL TO ACQUIRE MOTIVA'S STAKE IN AIRPORT BUSINESS IN BRAZIL, ECUADOR, COSTA RICA AND CURAÇAO
Prnewswire· 2025-11-18 22:42
Core Insights - Grupo Aeroportuario del Sureste (ASUR) has entered into a purchase agreement with Motiva to acquire Companhia de Participações em Concessões (CPC) for R$5,000 million (US$936 million), with an implied enterprise value of R$13,700 million (US$2,566 million) [1][2] Group 1: Acquisition Details - CPC owns equity interests in 20 airports across Brazil, Ecuador, Costa Rica, and Curaçao, including major airports such as Quito International Airport and Juan Santamaria International Airport [2][3] - The portfolio reported an EBITDA of R$2,000 million (US$375 million) for the twelve-month period ending September 30, 2025, and net financial debt of R$6,300 million (US$1,180 million) [2] Group 2: Strategic Implications - This acquisition will expand ASUR's presence into four new markets in Latin America and the Caribbean, adding over 45 million passengers to ASUR's existing 71 million reported in 2024, solidifying its position as the leading airport operator in the Americas [3] - Out of the 20 airports in CPC's portfolio, 17 have more than 15 years remaining in their concession life, indicating long-term revenue potential [3] Group 3: Transaction Logistics - The transaction is expected to close in the first half of 2026, subject to customary conditions, and will be funded through cash on hand and committed debt financing from JPMorgan Chase Bank [4] - J.P. Morgan Securities LLC is serving as the exclusive financial advisor for ASUR, with several legal advisors involved in the transaction [4]
Cyngn Reports Third Quarter 2025 Financial Results
Prnewswire· 2025-11-18 22:41
Core Insights - Cyngn Inc. reported operational progress for Q3 2025, focusing on long-term strategy and commercial growth, extending its financial runway through 2027 [2][6] - The company appointed Natalie Russell as Chief Financial Officer to enhance financial leadership and operational discipline [2][8] - Cyngn's sales organization has expanded to its largest size in history, improving pipeline generation and lead quality [3][4] Financial Performance - Year-to-date revenue for Q3 2025 reached $150.9 thousand, a significant increase from $61.8 thousand in Q3 2024, primarily from EAS software subscriptions [7] - Total costs and expenses for the year-to-date third quarter were $19.2 million, an increase of 11% from $17.3 million in Q3 2024, driven by higher general and administrative costs [8][12] - The net loss for Q3 2025 was $(17.8) million, compared to $(17.2) million in Q3 2024, with a net loss per share of $(5.20) [10][13] Operational Developments - Cyngn deployed the DriveMod Tugger at Coats and G&J Pepsi, marking significant advancements in commercial readiness and live industrial implementation [4][8] - The company secured its 23rd U.S. patent for a modular sensor architecture, enhancing its intellectual property portfolio [5][8] - Cyngn is pursuing SOC 2 Type II and ISO 27001 certifications in partnership with Drata to meet enterprise security and data governance requirements [5][8] Balance Sheet Highlights - As of September 30, 2025, Cyngn's unrestricted cash and short-term investments totaled $34.9 million, up from $23.6 million at the end of 2024 [14] - The company had no debt and total stockholders' equity of $38.7 million, compared to $(1) million at the end of 2024 [14][18]
PRGO INVESTOR ALERT: Perrigo Company plc Investors with Substantial Losses Have Opportunity to Lead the Perrigo Class Action Lawsuit
Prnewswire· 2025-11-18 22:31
Accessibility StatementSkip Navigation SAN DIEGO, Nov. 18, 2025 /PRNewswire/ --Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Perrigo Company plc (NYSE: PRGO) securities between February 27, 2023 and November 4, 2025, inclusive (the "Class Period"), have until January 16, 2026 to seek appointment as lead plaintiff of the Perrigo class action lawsuit. Captioned French v. Perrigo Company plc, No. 25-cv-09596 (S.D.N.Y.), the Perrigo class action lawsuit charges Perrigo and certain o ...
Options Trading Now Available on Tradr's BEX, CSEX, NNEX & SNPXcsex
Prnewswire· 2025-11-18 22:15
Core Insights - Tradr ETFs has launched options trading on four newly listed leveraged ETFs, allowing traders to express their views on companies heavily involved in AI infrastructure [1][11][12] - The ETFs include Tradr 2X Long BE Daily ETF (Cboe: BEX), Tradr 2X Long CLS Daily ETF (Cboe: CSEX), Tradr 2X Long NNE Daily ETF (Cboe: NNEX), and Tradr 2X Long SNPS Daily ETF (Cboe: SNPX), which track Bloom Energy Corp., Celestica Inc., NANO Nuclear Energy Inc., and Synopsys Inc. respectively [8][11] Company Overview - Tradr ETFs is focused on sophisticated investors and professional traders, offering leveraged and inverse ETFs that provide short or long exposure to actively traded stocks and ETFs [3][11] - The company has launched a total of 46 ETFs since April, with BEX showing a strong first-day trading volume of nearly 600,000 shares, indicating high trader interest in AI infrastructure [2][11] Investment Strategy - The newly launched ETFs are designed to allow investors to take high conviction views on transformative investment themes, particularly in AI infrastructure [2][11] - Options trading on these ETFs provides an additional tool for investors to express their market outlook [1][2]
Texas Community Bancshares, Inc. Increases Quarterly Cash Dividend and Announces Special Cash Dividend
Prnewswire· 2025-11-18 22:12
Accessibility StatementSkip Navigation MINEOLA, Texas, Nov. 18, 2025 /PRNewswire/ -- Texas Community Bancshares, Inc. (the "Company") (NASDAQ: "TCBS"), the holding company of Broadstreet Bank, SSB, announced today that its Board of Directors has declared the payment of a quarterly cash dividend of $0.05 per share, and a special cash dividend of $0.03 per share, on each outstanding share of common stock. Both dividends will be payable on or about December 16, 2025 to stockholders of record as of the close of ...
Couche-Tard Cuts Ribbon on New Distribution Center in Otsego to support Holiday, Circle K Stores in Twin Cities and Upper Midwest
Prnewswire· 2025-11-18 22:09
Couche-Tard is a global leader in convenience and mobility, operating in 29 countries and territories, with close to 17,300 stores, of which approximately 13,200 offer road transportation fuel. With its well-known Couche- Tard and Circle K banners, it is one of the largest independent convenience store operators in the United States and it is a leader in the convenience store industry and road transportation fuel retail in Canada, Scandinavia, the Baltics, Belgium, as well as in Ireland. It also has an impo ...
Carver Bancorp, Inc. Announces Intention to List on OTCQX, Voluntarily Delist from Nasdaq and Deregister from SEC
Prnewswire· 2025-11-18 22:00
Accessibility StatementSkip Navigation NEW YORK, Nov. 18, 2025 /PRNewswire/ -- Carver Bancorp, Inc. (the "Company") (Nasdaq: CARV), the holding company for Carver Federal Savings Bank, today announced its voluntary decision to deregister its common stock with the Securities and Exchange Commission (the "SEC") and delist its common stock from The Nasdaq Stock Market LLC ("Nasdaq") to the OTCQX Market. The Company has notified Nasdaq of its intent to voluntarily delist and withdraw the registration of its com ...
Buckeye Health Plan and Centene Foundation Make $200,000 Investment to Help Tackle Food Insecurity in Ohio
Prnewswire· 2025-11-18 21:46
Core Insights - Buckeye Health Plan and Centene Foundation announced a $200,000 investment to combat food insecurity in Ohio, addressing challenges exacerbated by disruptions to SNAP and WIC programs [1][2] - Approximately 47.4 million Americans, including 13.8 million children, are affected by food insecurity, with 1.4 million Ohioans receiving SNAP benefits [1][3] - This investment is part of a broader $1.5 million commitment from Centene Foundation to support food banks and community organizations nationwide [3][4] Investment Details - The $200,000 investment will support the Ohio Association of Food Banks to enhance access to nutritious food across communities in Ohio [2] - Centene's commitment to food security includes a $77.1 million investment in 2024, focusing on innovative partnerships to address food insecurity and chronic diseases [5][6] Organizational Commitment - Centene has integrated food and nutrition intervention programs into over 95% of its Medicaid plans, recognizing the importance of access to nutritious food for health outcomes [4][5] - The Centene Foundation aims to improve health equity by addressing social determinants of health, including food access, healthcare, and education [7]
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Perrigo Company plc of Class Action Lawsuit and Upcoming Deadlines - PRGO
Prnewswire· 2025-11-18 21:43
Core Points - A class action lawsuit has been filed against Perrigo Company plc for alleged securities fraud and unlawful business practices [1] - Investors who purchased Perrigo securities during the Class Period can apply to be Lead Plaintiff by January 16, 2026 [2] - Perrigo reported significant financial challenges, including a 50% decline in earnings per share for fiscal year 2023 due to remediation costs in its infant formula business [2] - The company's stock price has experienced significant declines following negative earnings reports and strategic announcements, including a drop of 25.2% to close at $15.10 per share on November 5, 2025, after announcing a strategic review of its infant formula business [3] Financial Performance - For fiscal year 2023, Perrigo incurred one-time cash costs of $35 million to $45 million related to production issues in its infant formula business [2] - The adjusted gross profit for the second quarter ended June 28, 2025, decreased by $30 million, or 6.9%, attributed to production variability in infant formula [3] - The stock price fell by $4.87 per share (15.14%) on February 27, 2024, and by $3.28 per share (9.8%) on May 7, 2024, following negative earnings reports [2][3]