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AA MISSION ACQUISITION CORP. ANNOUNCES RESULTS OF EXTRAORDINARY GENERAL MEETING AND REDEMPTION OF PUBLIC SHARES
Globenewswire· 2026-01-29 13:30
Core Viewpoint - AA Mission Acquisition Corp. announced the results of its extraordinary general meeting where proposals to amend its Articles and Trust Agreement were not approved, leading to the decision to dissolve and liquidate the company [1][3]. Group 1: Meeting Results - The proposals to extend the combination period and amend the Trust Agreement did not receive the necessary votes to pass, thus the existing Articles and Trust Agreement remain unchanged [1]. - Shareholders redeemed 24,561,733 Class A ordinary shares for a pro rata portion of the Trust Account, resulting in approximately $262,073,691 (around $10.67 per share) being removed from the Trust Account [2]. Group 2: Dissolution and Liquidation - The company plans to redeem all outstanding Class A ordinary shares effective February 13, 2026, as it anticipates not completing an initial business combination by the required deadline [3]. - The redemption price for public shares is expected to be approximately $10.67, and upon redemption, public shareholders will lose their rights as shareholders [3]. Group 3: Redemption Process - Redemption amounts will be payable upon presentation of stock certificates or other delivery of shares to the transfer agent, with beneficial owners in "street name" not needing to take action [4]. - There will be no redemption rights for the company's warrants, and initial stockholders have waived their redemption rights for shares issued before the IPO [5]. Group 4: Delisting and Termination - The company expects to file a Form 25 with the SEC to delist its securities and subsequently file a Form 15 to terminate the registration of its securities under the Securities Exchange Act of 1934 [6]. Group 5: Company Overview - AA Mission Acquisition Corp. is a blank check company incorporated in the Cayman Islands, aiming to effect a business combination primarily in the food and beverage industry [8].
Archer Moves to Launch Air Taxi Trials In U.S. Cities Under White House Executive Order as DOT Unveils National AAM Strategy
Businesswire· 2025-12-17 20:27
Core Insights - Archer Aviation has partnered with various U.S. cities to submit applications for initial air taxi operations under the White House's eVTOL Integration Pilot Program (eIPP) [1][2] - The eIPP aims to accelerate the adoption of electric air taxis by creating operational pathways for leading eVTOL companies in the U.S. [1][4] - Archer's exclusive application with Huntington Beach, California, supports its plans for early air taxi operations in the Los Angeles area, particularly for the 2028 Olympic Games [3] Group 1: Applications and Partnerships - Archer's applications focus on establishing long-term electric air taxi services, including building local operations teams and upgrading infrastructure [2] - The proposed applications are public-private partnerships with cities in California, Texas, Florida, Georgia, and New York [2] - The collaboration with local governments aims to prepare cities for the widespread adoption of electric air taxis [4] Group 2: National Strategy and Industry Collaboration - The U.S. Department of Transportation (DOT) and Federal Aviation Administration (FAA) are leading the eIPP to integrate eVTOL operations into the national airspace [4][5] - The National AAM Strategy outlines a roadmap for safely integrating eVTOL aircraft, aligning certification, operations, and infrastructure [6] - The strategy includes 40 recommendations to support early operations and advance domestic manufacturing and job creation in aviation [7] Group 3: Future Outlook - The FAA is expected to review applications and announce selections in early to mid-2026, with operational activities anticipated to begin later that year [9] - Archer's CEO emphasizes the importance of execution in building and deploying eVTOL aircraft in the U.S. [8] - Local officials, such as the Mayor of Huntington Beach, express optimism about the partnership with Archer and the potential for innovation in their communities [8]
AuMEGA Metals Announces Capital Market Changes
Newsfile· 2025-12-08 12:15
Core Points - AuMEGA Metals Ltd is changing its registry and transfer agent to Computershare Investor Services effective December 15, 2025, for both the Australian Stock Exchange and TSX Venture Exchange [1][2] - The company has a strong shareholder base, including B2Gold Corp, which owns 10% of its outstanding shares, and approximately 50% of shares held by major global institutions [3][6] - AuMEGA has engaged Renmark Financial Communications Inc. to enhance its investor relations and support growth in North America, with a monthly fee of up to C$9,000 for seven months starting December 1, 2025 [4] Company Overview - AuMEGA Metals Ltd is focused on exploring a 110-kilometer land package along the Cape Ray Shear Zone in Newfoundland, Canada, which is recognized as the largest identified gold structure in the region [5][6] - The company has defined a gold Mineral Resource of 6.2 million tonnes at an average grade of 2.25 g/t, totaling 450,000 ounces of Indicated Resources, and 3.4 million tonnes at an average grade of 1.44 g/t, totaling 160,000 ounces in Inferred Resources [7] - AuMEGA also holds a 27-kilometer stretch of the Hermitage Flexure and has secured an Option Agreement for the Blue Cove Copper Project, indicating strong potential for copper and other base metals [6]
AAM to Present at the UBS Global Industrials and Transportation Conference 2025 on December 3
Prnewswire· 2025-11-26 13:00
Group 1 - American Axle & Manufacturing Holdings, Inc. (AAM) will participate in the UBS Global Industrials and Transportation Conference 2025 on December 3, with a scheduled webcast at 9:40 a.m. ET [1] - AAM is a leading global Tier 1 Automotive and Mobility Supplier, focusing on Driveline and Metal Forming technologies for electric, hybrid, and internal combustion vehicles [2] - The company is headquartered in Detroit and operates over 75 facilities across 15 countries, emphasizing a commitment to a safer and more sustainable future [2] Group 2 - AAM will also present at the BofA Leveraged Finance Conference 2025 on December 2, indicating active engagement in multiple industry events [5] - The company participated in the Barclays 16th Annual Global Automotive and Mobility Tech Conference on November 19, showcasing its involvement in key automotive and mobility discussions [6]
AAM to Present at the BofA Leveraged Finance Conference 2025 on December 2
Prnewswire· 2025-11-26 13:00
Group 1 - American Axle & Manufacturing Holdings, Inc. (AAM) will participate in the BofA Leveraged Finance Conference 2025 on December 2, with a scheduled webcast at 10:50 a.m. ET [1] - AAM is a leading global Tier 1 Automotive and Mobility Supplier, focusing on Driveline and Metal Forming technologies for electric, hybrid, and internal combustion vehicles [2] - The company is headquartered in Detroit and operates over 75 facilities across 15 countries, emphasizing a commitment to a safer and more sustainable future [2] Group 2 - AAM will also present at the UBS Global Industrials and Transportation Conference 2025 on December 3 [5] - The company recently participated in the Barclays 16th Annual Global Automotive and Mobility Tech Conference on November 19 [6]
AuMEGA Metals Expands Drill Program
Newsfile· 2025-11-25 11:30
Core Viewpoint - AuMEGA Metals Ltd has mobilized a second diamond drill rig to enhance its drilling program on the Major Electromagnetic anomaly at the Cape Ray Gold Project in Newfoundland and Labrador, Canada, indicating a strong commitment to exploration and resource development [1][4]. Drilling Program - The current diamond drill program is focused on a newly defined airborne electromagnetic conductor measuring approximately 500 metres by 1,000 metres, located 500 metres southeast of the Central Zone deposits, which has not been drill tested before [2][4]. - The company plans to maximize drilling efforts in the upcoming weeks before the winter break, aiming to explore the hangingwall of the Cape Ray Shear Zone near the Central Zone [4]. Exploration and Assay Results - AuMEGA has pending assay results from various exploration programs, including Bunker Hill, Cape Ray, Isle aux Morts Granite, and Hermitage surficial till geochemical surveys, which are expected to generate new drill-ready targets [5]. - The company is systematically exploring its district-scale land package to identify major deposits [5]. Geological Context - The Cape Ray Shear Zone is recognized as Newfoundland's largest identified gold structure, hosting Equinox Gold's Valentine Gold Project, a multi-million-ounce deposit, alongside AuMEGA's expanding Mineral Resource [7]. - AuMEGA's existing defined gold Mineral Resource includes 6.2 million tonnes grading an average of 2.25 g/t, totaling 450,000 ounces of Indicated Resources, and 3.4 million tonnes grading an average of 1.44 g/t, totaling 160,000 ounces in Inferred Resources [9]. Additional Projects - AuMEGA holds a 27-kilometre stretch of the Hermitage Flexure and has secured an Option Agreement for the Blue Cove Copper Project, which shows strong potential for copper and other base metals [8].
AA Mission Acquisition Corp.(AAM) - 2025 Q3 - Quarterly Report
2025-11-07 21:06
IPO and Fundraising - The company generated gross proceeds of $300,000,000 from its IPO at a price of $10.00 per Unit on August 2, 2024[108]. - An additional $45,000,000 was raised from the full exercise of the underwriters' over-allotment option, selling 4,500,000 Units at $10.00 per Unit[109]. - The company incurred transaction costs of $14,634,758 related to the IPO, including $5,175,000 in cash underwriting fees[110]. - The company placed $346,725,000 in a trust account from the net proceeds of the IPO and private placement, intended for the initial business combination[111]. Financial Performance - For the three months ended September 30, 2025, the company reported a net income of $3,612,987, with operating costs resulting in a loss of $163,979[106]. - For the nine months ended September 30, 2025, the net income was $10,558,941, with a loss of $646,950 from operating costs[107]. - The company has not generated any operating revenues to date, focusing instead on completing its initial business combination[105]. Cash and Working Capital - As of September 30, 2025, the company had cash of $748,602, primarily for identifying and evaluating target businesses[113]. - The company issued a convertible promissory note of $1,000,000 to the Sponsor to fund working capital needs, with the outstanding balance as of September 30, 2025 being $1,000,000[124]. - The company incurred administrative fees of $30,000 and $90,000 for the three and nine months ended September 30, 2025, respectively[120]. Regulatory and Reporting Considerations - The company is evaluating the benefits of reduced reporting requirements under the JOBS Act as an "emerging growth company" for a period of five years or until it no longer qualifies[133]. - Management does not anticipate that recently issued accounting standards will have a material effect on the condensed financial statements[134]. - The company qualifies as a smaller reporting company and is not required to provide certain market risk disclosures[135].
AAM Reports Third Quarter 2025 Financial Results
Prnewswire· 2025-11-07 13:00
Core Insights - American Axle & Manufacturing Holdings, Inc. (AAM) reported strong year-over-year margin growth in Q3 2025, with sales of $1.51 billion, slightly up from $1.50 billion in Q3 2024 [1][12] - The company’s net income for Q3 2025 was $9.2 million, or $0.07 per share, down from $10.0 million, or $0.08 per share, in the same quarter last year [1][12] - AAM is making significant progress towards its combination with Dowlais, aiming to enhance its position as a global supplier in driveline and metal forming technologies [1] Financial Performance - Adjusted earnings per share for Q3 2025 was $0.16, compared to $0.20 in Q3 2024 [2] - Adjusted EBITDA for Q3 2025 was $194.7 million, representing 12.9% of sales, an increase from $174.4 million, or 11.6% of sales, in Q3 2024 [2][12] - Net cash provided by operating activities was $143.3 million in Q3 2025, slightly down from $143.6 million in Q3 2024 [2][12] - Adjusted free cash flow for Q3 2025 was $98.1 million, up from $74.6 million in Q3 2024 [2][12] 2025 Financial Outlook - AAM is targeting full-year sales in the range of $5.8 billion to $5.9 billion, an increase from the previous target of $5.75 billion to $5.95 billion [3][13] - The company aims for Adjusted EBITDA between $710 million and $745 million, up from the prior range of $695 million to $745 million [3][13] - Adjusted free cash flow is targeted between $180 million and $210 million, compared to the previous estimate of $175 million to $215 million [3][13] - AAM anticipates North American light vehicle production of approximately 15.1 million units for 2025 [13]
AuMEGA Metals Announces Technical Committee and Board Member Retirement
Newsfile· 2025-10-30 14:16
Core Viewpoint - AuMEGA Metals Ltd has established a Technical Committee to enhance strategic oversight of its exploration programs in Newfoundland and Labrador, Canada [1][2]. Group 1: Technical Committee Formation - The Technical Committee will consist of at least three Directors with significant geological and mining expertise [2]. - The Committee will collaborate closely with management and the technical team, and will act as a liaison with key strategic shareholders to align on exploration priorities and long-term value creation [2]. Group 2: Board Changes - Mr. Kerry Sparkes will retire from the Board effective November 30, 2025, to focus on personal commitments [2]. - Sparkes joined AuMEGA as a technical advisor in June 2021 and was appointed to the Board in September 2022, playing a crucial role in shaping the exploration strategy [3]. Group 3: Company Overview - AuMEGA Metals Ltd is focused on exploring its district-scale land package along the Cape Ray Shear Zone, recognized as Newfoundland's largest identified gold structure [5]. - The Cape Ray Shear Zone hosts several high-potential targets and has an existing defined gold Mineral Resource of 6.1 million tonnes grading an average of 2.25 g/t, totaling 450,000 ounces of Indicated Resources, and 3.4 million tonnes grading an average of 1.44 g/t, totaling 160,000 ounces in Inferred Resources [7]. Group 4: Strategic Partnerships - The company is supported by a diverse shareholder registry, including strategic investment from B2Gold Corp, a significant intermediate gold producer [6]. - AuMEGA also holds a 27-kilometre stretch of the Hermitage Flexure and has secured an Option Agreement for the Blue Cove Copper Project, which shows strong potential for copper and other base metals [6].
AAM to Announce Third Quarter Financial Results on November 7
Prnewswire· 2025-10-24 12:00
Group 1 - American Axle & Manufacturing Holdings, Inc. (AAM) will hold a conference call on November 7, 2025, at 10:00 a.m. ET to discuss third quarter financial results [1] - A press release with the financial results will be issued before the market opens on the same day and will be available on AAM's website [1] - Participants can join the call by dialing specific numbers for the United States and international callers, with an access code provided [1] Group 2 - AAM is a leading global Tier 1 Automotive and Mobility Supplier, focusing on Driveline and Metal Forming technologies for electric, hybrid, and internal combustion vehicles [3] - The company is headquartered in Detroit and operates nearly 75 facilities across 15 countries [3] - AAM aims to support a safer and more sustainable future through its innovative technologies [3]