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BEST SPAC I Acquisition Corp. Announces Closing of $55 Million Initial Public Offering
Prnewswire· 2025-06-17 04:10
Group 1 - BEST SPAC I Acquisition Corp. has successfully closed its initial public offering (IPO) of 5,500,000 units at a price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right [1] - The units began trading on the Nasdaq Capital Market under the ticker symbol "BSAAU" on June 13, 2025, and the Class A ordinary shares and rights are expected to trade under the symbols "BSAA" and "BSAAR" respectively once they begin separate trading [1] - The underwriter, Maxim Group LLC, has been granted a 45-day option to purchase up to 825,000 additional units at the IPO price to cover over-allotments [2] Group 2 - BEST SPAC I Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses, focusing on the consumer goods sector [5]
BEST SPAC I Acquisition Corp. Announces Pricing of $55 Million Initial Public Offering
Prnewswire· 2025-06-13 00:00
Company Overview - BEST SPAC I Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses [5] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 5,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right [1] - Each right entitles the holder to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the company's initial business combination [1] - The units are expected to trade on the Nasdaq Capital Market under the ticker symbol "BSAAU" beginning on June 13, 2025 [1] - The offering is expected to close on June 16, 2025, subject to customary closing conditions [2] Underwriting and Additional Options - Maxim Group LLC is acting as the sole book-running manager for the offering [2] - The company has granted the underwriter a 45-day option to purchase up to 825,000 additional units at the initial public offering price less the underwriting discount to cover over-allotments [2] Regulatory Information - A registration statement on Form S-1 relating to the securities to be sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission on June 12, 2025 [3]
BROAD ARROW ADDS FERRARI F40 "COMPETIZIONE" AND PAGANI HUAYRA R TO ITS BEST-OF-CATEGORY CONCORSO D'ELEGANZA VILLA D'ESTE AUCTION LINEUP
GlobeNewswire News Room· 2025-04-30 08:05
Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is set to host its inaugural Concorso d'Eleganza Villa d'Este Auction on May 24-25, 2025, featuring over 70 collectible cars [1][2][19] - The auction will showcase a diverse range of iconic automobiles, including rare BMW models, pre- and post-war classics, and supercars with notable provenance [2][3][7] Auction Highlights - Featured cars include a 1989 Ferrari F40 "Competizione" with an estimated value of €2.3 million to €2.8 million, a 2022 Pagani Huayra R estimated at €2.8 million to €3.2 million, and a 2006 Porsche Carrera GT estimated at €1.3 million to €1.5 million [4][8][11] - The auction will also include a dedicated BMW-only sale, highlighting models such as the 1939 BMW 328 Wendler Cabriolet and the 1958 BMW 507 Roadster [13][14] Company Background - Broad Arrow Auctions was founded in 2021 and has quickly become a leading global collector car auction house, expanding its presence in Europe with this upcoming auction [19] - The company aims to provide exceptional quality cars to collectors and enthusiasts, with flagship events in the U.S. and now Europe [19][20]
V2X Expands Army Training Support with $921 Million BEST MAC Contract
Prnewswire· 2025-03-26 12:06
Core Insights - V2X Inc. has been awarded a contract under the Bridge to Enduring Synthetic Training Environment Tactical Engagement Simulation Systems (TESS) Multiple-Award Contract (BEST MAC) Lot 1, which supports the U.S. Army's live training capabilities [1][3] - The contract has a ceiling value of $921 million and spans a ten-year period, including a five-year base period and two options [2] - V2X will enhance the U.S. Army's TESS products, which are crucial for simulated engagements during military training exercises, ensuring they remain relevant as weapon systems evolve [3] Company Positioning - The BEST MAC contract complements V2X's existing $3.7 billion Warfighter-Training Readiness Solutions task order, showcasing the company's commitment to enhancing Army training and national security [4] - V2X is positioned as the prime contractor for the Army's largest training services program, emphasizing its capability to deliver superior services aligned with future requirements [4] - The company integrates innovative solutions across national security, defense, civilian, and international markets, leveraging AI and machine learning to address operational challenges [5]
BEST Inc. Announces Completion of Going Private Transaction
Prnewswire· 2025-03-08 00:00
Core Viewpoint - BEST Inc. has completed its merger with Phoenix Global Partners, resulting in BEST becoming a wholly owned subsidiary and ceasing to be publicly traded [1][2]. Merger Details - The merger was approved by shareholders on February 18, 2025, and became effective on March 7, 2025 [2]. - Each American Depository Share (ADS) will be exchanged for US$2.88 in cash, while other shares will receive US$0.144 in cash per share [2]. - Share-based incentives for current and former officers, directors, employees, and consultants have been cancelled or rolled over into equity incentives of the Parent [2]. Shareholder Instructions - Registered shareholders will receive a letter of transmittal with instructions on how to surrender their shares for the merger consideration [3]. - Payment will be made to holders of shares upon surrender and delivery of required documents [3]. Trading and Reporting Changes - BEST has requested the suspension of its ADS trading on the NYSE effective March 10, 2025, and will file a Form 25 for delisting [4]. - The company plans to suspend its reporting obligations under the Securities Exchange Act of 1934 by filing a Form 15 approximately ten days after the Form 25 [4]. Legal and Financial Advisory - Kroll, LLC is serving as the financial advisor to the Special Committee, while Skadden, Arps, Slate, Meagher & Flom LLP is the U.S. legal counsel [5]. - Fangda Partners and Walkers are providing legal counsel to the Consortium and Cayman Islands, respectively [6]. Company Overview - BEST Inc. is a leading provider of integrated smart supply chain solutions and logistics services in China and Southeast Asia, focusing on technology and business model innovation [7].
STANDEX TO PARTICIPATE IN THE D.A. DAVIDSON BEST-OF-BREED BISON CONFERENCE
Prnewswire· 2025-02-26 13:30
Group 1 - Standex International Corporation announced participation in the 2nd Annual D.A. Davidson Best-of-Breed Bison Virtual Conference on March 7, 2025 [1] - Ademir Sarcevic, CFO and Treasurer of Standex, will represent the company at the conference [1] - The presentation will be accessible on the Investor Relations section of Standex's website under Events and Presentations [1] Group 2 - Standex operates in five broad business segments: Electronics, Engraving, Scientific, Engineering Technologies, and Specialty Solutions [2] - The company has a global presence with operations in the United States, Europe, Canada, Japan, Singapore, Mexico, Turkey, India, and China [2]
S&T BANK NAMED TO FORBES AMERICA'S BEST BANKS LIST FOR SECOND CONSECUTIVE YEAR
Prnewswire· 2025-02-11 16:28
Core Insights - S&T Bank has been recognized for the second consecutive year on Forbes America's Best Banks list, ranking 46th overall and being the top-ranked bank headquartered in Pennsylvania [1][3]. Company Performance - The recognition is attributed to S&T Bank's focus on a people-forward purpose, which has led to strong results for stakeholders in 2024, fostering growth and optimism for 2025 [2]. - The evaluation for the Forbes list involved ten equally weighted metrics assessing growth, credit quality, and profitability for the 12 months ending September 30, 2024, along with stock performance for the 12 months ending January 10, 2025 [2]. Company Overview - S&T Bancorp, Inc. is a bank holding company with assets totaling $9.7 billion, headquartered in Indiana, Pennsylvania, and trades on NASDAQ under the symbol STBA [4]. - S&T Bank, the principal subsidiary, was established in 1902 and operates in Pennsylvania and Ohio [4].
LUCA NAMED TO 2025 OTCQX BEST 50
Prnewswire· 2025-01-15 17:35
Core Points - Luca Mining Corp. has been recognized in the 2025 OTCQX Best 50, ranking among the top performing companies traded on the OTCQX Best Market based on total return and average daily dollar volume growth in 2024 [1][2] - The company operates two 100%-owned producing mines in Mexico, focusing on gold, copper, zinc, silver, and lead production, with significant development and resource potential [3][4] - The Campo Morado mine is currently undergoing an optimization program that is improving recoveries, grades, efficiencies, and cash flows [4] - The Tahuehueto mine is in the commissioning phase, with expectations to achieve commercial production in early 2025 [5] Company Overview - Luca Mining Corp. is a diversified Canadian mining company with operations in the Sierra Madre mineralized belt in Mexico [3] - The company emphasizes creating shareholder value and anticipates 2025 to be a transformative year with growth in production and cash flow [3] Market Position - The OTCQX Best Market is known for its transparent and efficient trading of established companies, requiring high financial standards and compliance with securities laws for qualification [2]
BEST Inc. Receives Notification from NYSE Regarding Delayed Filing of Semi-Annual Financial Information for the Half Year Ended June 30, 2024
Prnewswire· 2025-01-10 07:18
Core Viewpoint - BEST Inc. has received a notice from the NYSE regarding non-compliance with continued listing requirements due to the failure to timely file its semi-annual financial information for the first half of 2024 [1] Group 1: Compliance and Regulatory Issues - The company has not filed its Form 6-K for the first half of 2024 with the SEC, which is a requirement for continued listing on the NYSE [1][2] - The non-compliance is attributed to the company's focus on a previously announced going private transaction [2] Group 2: Company Overview - BEST Inc. is a leading provider of integrated smart supply chain solutions and logistics services in China and Southeast Asia [3] - The company utilizes a proprietary technology platform and extensive networks to offer logistics and value-added services, including freight delivery and supply chain management [3] - BEST's mission is to enhance business efficiency and improve life quality through technology and business model innovation [3]
SUPERIOR GROUP OF COMPANIES TO PARTICIPATE IN SINGULAR RESEARCH'S 19th ANNUAL BEST OF THE UNCOVEREDS CONFERENCE
GlobeNewswire News Room· 2024-12-11 13:00
Group 1 - Superior Group of Companies, Inc. will have its CFO, Mike Koempel, participate in Singular Research's Virtual Conference on December 12, 2024, at 12:00 PM Eastern Time [1] - The webinar will be accessible on the investor relations Events & Presentations page of the company's website [1] Group 2 - Superior Group of Companies was established in 1920 and consists of three business segments: Healthcare Apparel, Branded Products, and Contact Centers [2] - Each segment serves large, fragmented, and growing addressable markets, enabling businesses to create extraordinary brand engagement experiences [2] - The company emphasizes service, quality, advanced technology, and omnichannel commerce as its competitive advantages [2] - Superior Group of Companies is committed to enhancing shareholder value through a combination of organic growth and strategic acquisitions [2]