CPS Technologies(CPSH)

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CPS Announces Renewal of $200 Million Credit Facility
GlobeNewswire News Room· 2024-07-11 20:41
Group 1 - Consumer Portfolio Services, Inc. renewed its two-year revolving credit agreement with Citibank, N.A. on July 11, 2024 [1] - The renewed credit agreement allows CPS to borrow on a revolving basis through July 15, 2026, with an option to repay outstanding loans in full or amortize over a one-year period thereafter [2] - CPS specializes in providing indirect automobile financing to individuals with past credit issues or limited credit histories, primarily purchasing retail installment sales contracts from franchised automobile dealerships [3] Group 2 - The company expects the revolving period of the credit agreement to last for two years, followed by a potential amortization period [4]
CloudMD Completes Go-Private Transaction with CPS Capital
GlobeNewswire News Room· 2024-07-09 18:22
TORONTO, July 09, 2024 (GLOBE NEWSWIRE) -- CloudMD Software & Services Inc. (TSXV: DOC, Frankfurt: 6PH) (the "Company" or "CloudMD"), an innovative health services company transforming the delivery of care, and CPS Capital, an entrepreneurial investment firm partnering with businesses and teams to realize their growth goals, are pleased to announce the successful completion of the previously announced goprivate transaction (the "Transaction") pursuant to which, among other things CPS Capital (through an aff ...
CloudMD Securityholders Approve Go-Private Transaction with CPS Capital
GlobeNewswire News Room· 2024-06-27 15:11
TORONTO, June 27, 2024 (GLOBE NEWSWIRE) -- CloudMD Software & Services Inc. (TSXV: DOC, Frankfurt: 6PH) (the "Company" or "CloudMD"), an innovative health services company transforming the delivery of care, is pleased to announce that its securityholders approved the special resolution authorizing the previously announced plan of arrangement (the "Arrangement") with CPS Capital (through an affiliate) (the "Purchaser"). Pursuant to the Arrangement, the Purchaser will, among other things, acquire all of the i ...
CPS Announces $436.31 Million Senior Subordinate Asset-Backed Securitization
GlobeNewswire News Room· 2024-06-26 21:38
| --- | --- | --- | --- | --- | --- | --- | |------------|----------------------|---------------|-----------------------|-----------|---------------|--------------| | Note Class | Amount (in millions) | Interest Rate | Average Life (years) | Price | S&P's Rating | DBRS Rating | | A | $197.340 | 5.88% | 0.67 | 99.99551% | AAA | AAA | | B | $58.420 | 5.68% | 1.69 | 99.98558% | AA | AA | | C | $74.980 | 5.76% | 2.39 | 99.97978% | A | A | | D | $44.390 | 6.22% | 3.23 | 99.98085% | BBB | BBB | | E | $61.180 | 8. ...
CPS Technologies Corporation Announces Navy SBIR Phase II Award
GlobeNewswire News Room· 2024-06-25 20:01
NORTON, Mass., June 25, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) ("CPS" or the "Company") today announced that it has been awarded a Phase II SBIR contract from the U.S. Navy Air Systems Command (NAVAIR). With funding of more than $1 million over 30 months, CPS will continue its development of novel metal matrix composites (MMCs) for thermal energy storage to address the requirements of NAVAIR's Advanced Anti-Radiation Guided Missile - Extended Range (AARGM-ER) program. Safe Harbo ...
CPS Technologies Corporation Announces Navy SBIR Phase II Award
Newsfilter· 2024-06-25 20:01
Core Insights - CPS Technologies Corporation has been awarded a Phase II SBIR contract from the U.S. Navy Air Systems Command (NAVAIR) with funding exceeding $1 million over 30 months to develop metal matrix composites for thermal energy storage [1][5] - The AARGM-ER program aims to suppress or destroy enemy air defenses, focusing on mobile, re-locatable integrated air defense targets, and advanced thermal energy storage is crucial for long-range strike capabilities [3][6] Company Developments - During Phase I, CPS successfully demonstrated the use of aluminum and phase-change materials, including nitinol composites, for compact thermal energy storage devices [2] - The University of North Texas will act as a subcontractor during Phase II, leveraging its expertise in nitinol applications [2] - CPS's MMCs are designed to provide advanced thermal energy storage solutions for various applications, including avionics, weapons, and high-pulse power modules, while being lightweight and dimensionally stable [6] Strategic Importance - The contract represents CPS's first Phase II award since renewing its commitment to the federal government's SBIR/STTR programs, highlighting the company's ability to execute its long-term growth strategy through advanced product development [5] - CPS's products address critical needs across multiple sectors, including electric vehicles, wind turbines, and defense applications, emphasizing its role as a technology and manufacturing leader [6]
Independent Proxy Advisory Firms, ISS and Glass Lewis, Recommend CloudMD Shareholders Vote FOR the Proposed Go-Private Transaction with CPS Capital
GlobeNewswire News Room· 2024-06-17 21:32
Core Viewpoint - CloudMD Software & Services Inc. has received recommendations from leading independent proxy advisory firms ISS and Glass Lewis to vote "FOR" the proposed go-private transaction with 1480775 B.C. Ltd., an affiliate of CPS Capital LP, highlighting the strategic and financial benefits of the Arrangement [13][14][6]. Company Overview - CloudMD is a North American healthcare service provider focused on empowering healthier living through advanced technology and a national network of healthcare professionals [4][10]. - The company offers health and productivity tools to hospitals, clinics, and other healthcare service providers to enhance care delivery [11]. Meeting and Voting Details - A special meeting for securityholders will be held on June 27, 2024, at 10:00 a.m. (Toronto time) via audio webcast [16]. - Securityholders are encouraged to read the management information circular dated May 29, 2024, and vote before the proxy deadline of June 25, 2024, at 10:00 a.m. [7][8]. Advisory Firm Recommendations - The ISS report emphasizes that the Arrangement provides certain and immediate value to investors, which may not have another opportunity for liquidity [6]. - Both ISS and Glass Lewis's endorsements validate the belief that the Arrangement is in the best interests of shareholders [14]. Board Recommendation - The board of directors of CloudMD unanimously recommends that shareholders and optionholders vote "FOR" the Arrangement [15].
CloudMD Announces Filing and Mailing of the Management Information Circular in Connection with the Proposed Go-Private Transaction with CPS Capital
GlobeNewswire News Room· 2024-06-03 19:56
Your vote is important no matter how many shares you hold. The Board of Directors of CloudMD unanimously recommends that Securityholders vote IN FAVOUR of the Arrangement Resolution. Questions or requests for voting assistance may be directed to Laurel Hill Advisory Group by telephone at 1.877.452.7184 or by email at assistance@laurelhill.com. TORONTO, June 03, 2024 (GLOBE NEWSWIRE) -- CloudMD Software & Services Inc. (TSXV: DOC, Frankfurt: 6PH) (the "Company" or "CloudMD"), is pleased to announce the notic ...
Canadian Premium Sand Inc. Announces Second Quarter 2024 Results
globenewswire.com· 2024-05-23 21:00
CALGARY, Alberta, May 23, 2024 (GLOBE NEWSWIRE) -- Canadian Premium Sand Inc. ("CPS" or the "Company") (TSXV: CPS) is pleased to announce its second quarter 2024 financial results. The Company's interim financial statements and notes thereto and Management's Discussion and Analysis for the three and six months ended March 31, 2024, are available under CPS's SEDAR+ profile. Highlights The Company devoted its time and resources during the three-month period ended March 31, 2024, to advancing its integrated pa ...
CPS Technologies(CPSH) - 2024 Q1 - Earnings Call Transcript
2024-05-06 02:54
Company Participants Conference Call Participants Good morning, everyone and welcome to the CPS Technologies' First Quarter Earnings Call. At this time, all participants have been placed on a listen-only mode and we will open the floor for questions after the presentation. Charles Griffith But first, Chris Witty, our Investor Relations Advisor will provide a brief Safe Harbor statement. Chris? These uncertainties include, but are not limited to, the wars in Ukraine and Israel, other geopolitical events, eco ...