SCOTTSDALE, Ariz., April 24, 2025 (GLOBE NEWSWIRE) -- The Joint Corp. (NASDAQ:JYNT) a national operator, manager, and franchisor of chiropractic clinics, announced it will report its first quarter 2025 financial results on Thursday, May 8, 2025, after the market close. President and CEO Sanjiv Razdan and CFO Jake Singleton will hold a conference call at 5:00 p.m. EDT that day to discuss the results. Shareholders and interested participants may listen to a live broadcast of the conference call by dialing (83 ...

Core Viewpoint - PennantPark Floating Rate Capital Ltd. has successfully closed a $301 million debt securitization through its subsidiary, demonstrating resilience in challenging capital market conditions and achieving historically low AAA pricing [1][2]. Debt Structure - The debt issued in the securitization is structured as follows: - A-1 Loans: $30 million (9.9% of capital), coupon of 3 Mo SOFR + 1.45%, expected rating AAA - A-1 Notes: $141 million (46.8% of capital), coupon of 3 Mo SOFR + 1.45%, expected rating AAA - A-2 Notes: $12 million (4.0% of capital), coupon of 3 Mo SOFR + 1.60%, expected rating AAA - B Notes: $21 million (7.0% of capital), coupon of 3 Mo SOFR + 1.85%, expected rating AA - C Notes: $24 million (8.0% of capital), coupon of 3 Mo SOFR + 2.30%, expected rating A - D Notes: $18 million (6.0% of capital), coupon of 3 Mo SOFR + 3.30%, expected rating BBB - Subordinated Notes: $55.02 million (18.3% of capital), not rated - Total: $301.02 million [2]. Financial Strategy - Proceeds from the debt will be used to repay a portion of PSSL's $325 million secured credit facility, and PSSL will retain all Subordinated Notes to maintain exposure to the performance of the securitized assets [2][1]. - The reinvestment period for the term debt securitization ends in April 2029, with a final maturity scheduled for April 2037 [2]. Company Overview - PennantPark Floating Rate Capital Ltd. primarily invests in U.S. middle-market private companies through floating rate senior secured loans, including first lien, second lien, and subordinated debt [4]. - The company is managed by PennantPark Investment Advisers, LLC, which oversees approximately $10 billion of investable capital [5][6].

Core Viewpoint - Navitas Semiconductor has formed a strategic partnership with GigaDevice to establish a joint lab aimed at integrating Navitas' GaNFast™ ICs with GigaDevice's microcontrollers, targeting applications in AI data centers, electric vehicles (EVs), solar energy, and energy-saving systems [1][2][9] Group 1: Partnership and Collaboration - The joint R&D laboratory will leverage both companies' expertise to innovate in intelligent and efficient power management solutions, enhancing the integration and performance of high-power-density digital power solutions [3][9] - This collaboration is expected to accelerate the adoption of GaN and SiC technologies in higher-power markets, optimizing microcontrollers to maximize fast switching characteristics [2][3] Group 2: Company Profiles - GigaDevice is a leader in China's high-performance general-purpose MCU market, with over 2 billion cumulative shipments across various sectors, including power systems and automotive electronics [4] - Navitas is recognized for its GaNFast™ power ICs, which provide three times more power and three times faster charging in half the size and weight compared to traditional silicon power devices [5][12] Group 3: Market Applications and Innovations - Navitas' technology is prominent in growth markets such as mobile and AI data centers, supplying major OEMs and achieving significant milestones in power density and efficiency [6][10] - The partnership aligns with Navitas' strategy to create an ecosystem for next-generation clean-energy solutions, including high-speed isolated drivers and integrated solutions for power electronics [7][10]

Company Overview - Oasis Venture Holdings is a joint venture between Ball Corporation and Ayna.AI, recently announced [1] - Ball Corporation specializes in innovative, sustainable aluminum packaging solutions for various sectors, employing 16,000 people globally [4][6] - In 2024, Ball Corporation reported net sales of $11.80 billion, excluding its divested aerospace business [4][6] Leadership Appointment - David Cuthbert has been appointed as the new CEO of Oasis Venture Holdings, bringing extensive experience in growth and sustainability initiatives [1][2] - Cuthbert has a background in special operations and has spent over 20 years leading sustainability-focused ventures, including his recent role as CEO of Mananalu [2] Product Focus - The company aims to promote its 100% recyclable Aluminum Cup, which is expected to have a significant impact in the sustainability market [3] - Cuthbert emphasized the importance of the product and its potential for recycling and environmental benefits [3] Industry Impact - Jay Billings from Ball Corporation expressed confidence in Cuthbert's ability to drive the Aluminum Cup business forward, highlighting the product's innovative and environmentally friendly nature [3] - Gaurav Batra from Ayna.AI noted Cuthbert's expertise in scaling mission-driven brands, which will be crucial for expanding the impact of the Aluminum Cup [3]

Group 1 - Northwestern Health Sciences University (NWHSU) announced the creation of a major endowed scholarship by The Joint Corp., the largest franchisor of chiropractic care in the U.S. [1][6] - The scholarship aims to support chiropractic students and future healthcare leaders, with the first award expected in winter 2026 [4][2]. - The endowment will generate over $6,000 annually for scholarships, contributing to NWHSU's goal of increasing student affordability [4][3]. Group 2 - The Joint Corp. operates over 950 chiropractic clinics nationwide and has more than 14 million patient visits annually, positioning itself as a leader in the chiropractic industry [6][5]. - The company has been recognized in various rankings, including being named "No. 1 in Chiropractic Services" by Entrepreneur and listed among the "Top 50 Franchises" by SUCCESS [6][5]. - The Joint's business model focuses on making chiropractic care convenient and affordable, eliminating the need for insurance [6][7].

"Don Turvey" Don Turvey VANCOUVER, British Columbia, March 31, 2025 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (AIM/TSX-V: CUSN) ("Cornish Metals" or the "Company"), a mineral exploration and development company focused on advancing its 100% owned and permitted South Crofty tin project in Cornwall, United Kingdom, announces that with effect from today's date SP Angel Corporate Finance LLP and H&P Advisory Limited will act as joint brokers to the Company. ON BEHALF OF THE BOARD OF DIRECTORS For additional infor ...

MONTCLAIR, N.J., March 24, 2025 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital”) today noted that it had filed a preliminary joint proxy statement/prospectus on Schedule 14A with the Securities and Exchange Commission (“SEC”) regarding its proposed merger with Mount Logan Capital Inc. (“Mount Logan”) in an all-stock transaction (the “Business Combination”). As noted in its original press release issued on January 17, 2025, the surviving entity is expected to be a Delaware co ...

Company Overview - The Joint Corp. (JYNT) shares increased by 10% to $12.43 in the last trading session, following a higher-than-average trading volume, contrasting with a 2% loss over the previous four weeks [1] - The company has a strong retail and consumer-driven approach, emphasizing convenience and affordability through extended hours and a no-appointment model [2] - The Joint has demonstrated a proven track record of clinic growth, a market-leading position, and a scalable franchising system with extensive geographic reach [2] Financial Performance - In the fourth quarter of 2024, The Joint reported earnings from continuing operations of 6 cents per share, matching the Zacks Consensus Estimate, a significant improvement from a loss of 68 cents per share in the same period last year [3] - The company opened 57 new clinics, refranchised three, and closed 18 clinics (including three relocations) in 2024 [3] - Patient volumes increased to 14.7 million visits in 2024, up from 13.6 million in 2023 [3] - The Joint anticipates system-wide sales for 2025 to be between $550 million and $570 million, an increase from $530.3 million in 2024 [3] Earnings Expectations - The upcoming quarterly report is expected to show a loss of $0.02 per share, representing a year-over-year change of -133.3%, with revenues projected at $12.76 million, down 57.1% from the previous year [4] - The consensus EPS estimate for the quarter has been revised 175% lower over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [5] Industry Context - The Joint is part of the Zacks Medical - HMOs industry, where Centene (CNC) also operates, closing the last trading session at $59.23, down 0.7% [5] - Centene's consensus EPS estimate for its upcoming report has increased by 3.1% over the past month to $2.20, representing a year-over-year change of -2.7% [6]

Joint ventures or JVs are a frequently used tool in real estate transactions. They are often presented as an equal partnership, but often have unequal terms. Sometimes the REIT gets the better half of the deal, and other times, they get screwed over. We have observed and documented multiple instances in each direction. I believe in learning from history, so we will discuss 2 instances in which REITs got the short end of the stick. How is an investor supposed to evaluate whether a company is getting a fair s ...

Final Words on Digital Realty Digital Realty (DLR) has forayed into the Indonesian market through a 50-50 joint venture with Bersama Digital Infrastructure Asia (BDIA). The newly formed entity, Digital Realty Bersama, will develop and operate data centers across Indonesia, enhancing the company's presence in the rapidly growing Asia-Pacific region. This expansion significantly strengthens Digital Realty's PlatformDIGITAL footprint, supporting Indonesia's accelerating digital economy. Digital Realty Bersama ...