NewtekOne, Inc. Announces the Expiration Final Results of Exchange Offer for its Outstanding 5.50% Notes due 2026 for its 8.50% Fixed Rate Senior Notes due 2031 and Waiver of Minimum Exchange Condition
Globenewswire· 2026-01-24 00:02
Core Viewpoint - NewtekOne, Inc. has completed its Exchange Offer for its 5.50% Notes due 2026, exchanging them for newly issued 8.50% Fixed Rate Senior Notes due 2031, with a total of $7,877,200 validly tendered, representing approximately 8.29% of the outstanding principal amount [1][2] Group 1: Exchange Offer Details - The Exchange Offer expired on January 23, 2026, at 5:00 p.m. Eastern time [1] - A total of $7,877,200 in principal amount of the Old Notes was validly tendered, which is about 8.29% of the $95.0 million outstanding [1] - NewtekOne waived the condition requiring at least 10% of the Old Notes to be tendered and accepted all validly tendered Old Notes [1] - The settlement of the Exchange Offer is expected to occur on January 28, 2026, with holders receiving an equal principal amount of New Notes [2] Group 2: Remaining Notes and Repayment - After the Exchange Offer, the remaining aggregate principal amount of Old Notes is expected to be $87,122,800 [2] - NewtekOne plans to repay the remaining Old Notes on the maturity date of February 1, 2026 [2] Group 3: Agents Involved - U.S. Bank Trust Company, National Association is the Exchange Agent for the Exchange Offer [3] - Alliance Advisors is serving as the Information Agent, while Lucid Capital Markets, LLC is the Dealer Manager [3] Group 4: Company Overview - NewtekOne, Inc. is a financial holding company providing a range of business and financial solutions to independent business owners since 1999 [5][6] - Its services include banking, business lending, electronic payment processing, and technology solutions among others [6]
Kayne Anderson Energy Infrastructure Fund Files 2025 Annual Report
Globenewswire· 2026-01-24 00:00
HOUSTON, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) announced today that the Company’s annual report for the fiscal year ended November 30, 2025 is available online at www.kaynefunds.com. To request a hard copy of this report, free of charge, please call 877-657-3863 or email cef@kayneanderson.com. Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the I ...
Fobi AI Announces Completion of First Tranche Of Non-Brokered Private Placement
Globenewswire· 2026-01-23 23:39
Not for distribution to United States newswire services or for dissemination in the United States.VANCOUVER, BC, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Fobi AI Inc. (TSXV:FOBI) (Pink: FOBIF) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce the completion of its first tranche closing (the “First Tranche”) of a non-brokered private placement financing previously announced on December 12, 2025 (the “Offering”). The First Tr ...
LEADING EDGE MATERIALS REPORTS FISCAL 2025 RESULTS
Globenewswire· 2026-01-23 23:30
Core Insights - Leading Edge Materials Corp. reported a net loss of CAD 3,216,565 for the fiscal year ending October 31, 2025, an increase from CAD 2,687,724 in the previous year, attributed to higher compensation and share-based payments [6][9] - The company is actively pursuing an Exploitation Concession for its Norra Kärr project, which is critical for supplying heavy rare earth elements to Europe [2][21] - Geopolitical tensions have heightened the urgency for Europe to secure critical raw materials, with the EU and Sweden dismantling barriers to expedite mining projects [11][13][17] Company Developments - The company applied for a 25-year mining lease for Norra Kärr on December 8, 2024, and received endorsements from local administrative boards in December 2025 [2][3] - A Rapid Development Plan for Norra Kärr aims to expedite production of HREE-rich eudialyte mineral concentrate [5] - The Woxna Graphite Mine is being maintained on a "production-ready" basis, with ongoing assessments to improve operational efficiency [18][20] Financial Performance - In Q4 2025, the company reported a net loss of CAD 756,874, an increase from CAD 611,307 in Q3 2025, primarily due to foreign exchange losses [4] - Total assets as of October 31, 2025, were CAD 30,468,689, with working capital of CAD 1,880,436 [8][9] - The company closed a non-brokered private placement financing in August 2025, raising CAD 2,838,160 [5] Industry Context - The European Commission launched ReSourceEU, a €3 billion initiative to diversify supply chains for critical rare earth metals, reflecting the urgency to reduce reliance on Chinese suppliers [14][15] - The supply situation for heavy rare earth elements has reached critical levels, prompting both the EU and Sweden to take action [12][13] - The strategic importance of Norra Kärr is underscored by its potential to produce significant quantities of Dysprosium and Terbium, essential for various high-tech applications [27][25]
Plaid Technologies Launch Strategic Assessment of High-Performance Graphene Water-Shedding Coatings
Globenewswire· 2026-01-23 23:05
Core Viewpoint - Plaid Technologies Inc. has launched a strategic collaboration with Graphene Nanoworks Ltd. to explore the commercial potential of next-generation graphene-based water-shedding coatings, films, and membranes for glass and metal applications [1][2] Company Overview - Plaid focuses on the development and commercialization of graphene-enhanced technologies, including proprietary graphene-infused concrete mixtures aimed at wellbore cement and subsurface applications [8] - Graphene Nanoworks Ltd. specializes in high-performance "smart" materials, transforming standard polymers, glass, and surfaces with high-conductivity coatings and structural additives [9] Strategic Collaboration - The collaboration aims to assess the technical readiness and commercial viability of advanced surface technologies that enhance water repellency, durability, and functional longevity [2][6] - The agreement, initiated on December 16, 2025, involves a three-month engagement with a total cost of $32,500 for market analysis and technical specification development [4] Market Evaluation - Plaid and GNW are conducting a detailed evaluation of the global glass and coatings markets, focusing on supply-chain integration, manufacturing opportunities, and competitive positioning of existing solutions [3] - The assessment will address both technical feasibility and economic potential, with the possibility of advancing the collaboration based on the results [6] Market Opportunity - The household and residential segment accounts for over 70% of global glass value sold, primarily during construction phases, indicating a significant market opportunity for graphene-enabled surface technologies [7]
Century Next Financial Corporation Reports Strong 2025 Year-End Results
Globenewswire· 2026-01-23 23:03
Core Viewpoint - Century Next Financial Corporation reported strong financial performance for the year ended December 31, 2025, with record net income and improved net interest margin, reflecting successful asset deployment strategies and enhanced customer offerings [2][3]. Financial Performance - Net income after tax for 2025 was $15.53 million, an increase of $3.38 million or 27.9% from $12.14 million in 2024 [2]. - Earnings per share (EPS) rose to $8.48 for basic and $8.34 for diluted shares, compared to $6.72 and $6.69 respectively in 2024 [2]. Balance Sheet - Total assets increased by $7.5 million or 0.9% to $876.9 million at December 31, 2025, up from $869.4 million in 2024 [4]. - Cash and cash equivalents decreased significantly by $77.4 million or 61.6% to $48.3 million, while investment securities increased by $43.6 million to $142.1 million [5]. Loans and Deposits - Net loans increased by $39.5 million or 6.5% to $644.9 million, with notable growth in residential and commercial real estate loans [6]. - Total deposits decreased by $11.9 million or 1.5% to $758.9 million, although the average total deposits balance increased by $69.6 million or 9.5% year-over-year [7]. Income Statement - Net interest income rose to $38.6 million, an increase of $5.6 million or 17% from $33.0 million in 2024 [9]. - Total non-interest income increased by $234,000 or 6.9% to $3.6 million, driven by gains on foreclosed assets and other non-interest income [12]. Efficiency and Ratios - The efficiency ratio improved to 52.91% from 57.45% in 2024, primarily due to increased net interest income [13]. - Return on average assets was 1.71%, up from 1.47%, and return on average equity increased to 16.93% from 15.58% [16]. Other Financial Information - Nonperforming assets increased to $4.21 million, representing 0.48% of total assets, up from 0.46% in 2024 [14]. - The allowance for credit losses was $6.93 million or 1.06% of total loans, compared to $6.54 million or 1.07% in 2024 [15].
Mueller Water Products Announces Dates for First Quarter 2026 Earnings Release and Conference Call
Globenewswire· 2026-01-23 23:00
ATLANTA, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Mueller Water Products, Inc. (NYSE: MWA) plans to release financial results for its first quarter ended December 31, 2025, after U.S. markets close on Wednesday, February 4, 2026. On Thursday, February 5, 2026, at 11:00 a.m. ET, the Company will hold a conference call to discuss earnings and business results. Interested parties are invited to listen via webcast available on the Investor Relations section of the Company’s website www.muellerwaterproducts.com. An arc ...
Domestic Metals Engages ICP Securities Inc. for Automated Market Making Services and provides further details on the engagement of Michael Pound
Globenewswire· 2026-01-23 22:57
Core Viewpoint - Domestic Metals Corp. has engaged ICP Securities Inc. for automated market making services to enhance liquidity and manage share supply and demand [1][2] Engagement of ICP Securities Inc. - The agreement with ICP is for an initial term of four months, starting January 23, 2026, with a monthly fee of C$7,500 plus applicable taxes [1] - ICP will handle its own costs related to market making activities without third-party funding [2] Engagement of Michael Pound - Michael Pound has joined the Investor Relations team, focusing on outreach within the small cap community [3] - He will receive a monthly fee of C$7,500 for twelve months, with options granted for 500,000 shares at an exercise price of $0.10 [3] Upcoming Events - Domestic Metals Corp. will participate in the VRIC in Vancouver on January 25-26, 2026, and at the Investors Exchange at the PDAC in Toronto from March 1-4, 2026 [4] Company Overview - Domestic Metals Corp. is focused on discovering large-scale copper and gold deposits in historical mining areas in the Americas [6] - The Smart Creek Project in Montana features widespread copper mineralization and multiple exploration targets [7] - The company is led by an experienced management and technical team with a successful track record in mining [8]
Zoomcar Announces Launch of Offer to Exchange Outstanding Warrants for Common Stock and Commences up to $5.0 Million Rule 506(c) Bridge Financing Private Placement
Globenewswire· 2026-01-23 22:38
Core Viewpoint - Zoomcar Holdings, Inc. is initiating a voluntary exchange offer for its outstanding warrants in an effort to simplify its capital structure and reduce administrative complexity [4][5] Group 1: Offer to Exchange - The company is offering to exchange various classes of existing warrants for shares of its common stock at specified ratios [3][4] - The exchange is part of a broader strategy to consolidate equity capitalization and reduce the number of outstanding warrant instruments [4] - Holders of existing warrants must tender their warrants according to the procedures outlined in the Schedule TO before the expiration date [6] Group 2: Bridge Financing - The company has launched a bridge financing initiative of up to $5 million, with a minimum offering amount of $2 million, conducted as a private placement [2][9] - The securities in the bridge financing consist of units priced at $1,000 each, including one share of Series A Convertible Preferred Stock and one warrant to purchase common stock [10] - The proceeds from the bridge financing will be used for general corporate purposes, including working capital and funding ongoing operations [12]
ArrowMark Financial Corp. Announces Monthly Cash Distribution of $0.15 per Share for February 2026
Globenewswire· 2026-01-23 22:30
DENVER, Jan. 23, 2026 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp. (Nasdaq: BANX) ("ArrowMark Financial" or the "Company"), an SEC registered closed-end management investment company, today announced that its Board of Directors has declared a monthly cash distribution of $0.15 per share for February 2026. The total distribution of $0.15 per share will be payable on February 27, 2026, to shareholders of record on February 3, 2026. About ArrowMark Financial Corp. ArrowMark Financial Corp. is an SEC register ...