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Hotel101 Global Holdings Corp. Announces Proposed Offering of Convertible Preferred Shares to raise up to USD 300 Million
Globenewswire· 2026-01-24 04:35
Core Viewpoint - Hotel101 Global Holdings Corp. plans to raise up to USD 300 million through the issuance of perpetual convertible preferred shares to support its prop-tech, asset-light business model and facilitate global expansion [1][3]. Proposed Transaction - The proposed capital raise is subject to market conditions and regulatory approvals, and may occur in one or more private placements or registered offerings [2][3]. - The net proceeds from the capital raise will be directed towards the strategic expansion of Hotel101 projects worldwide, enhancing its technology-enabled hospitality platform [3]. Growth Strategy - For 2026, the company aims to secure commitments for a substantial portfolio of hotel rooms across multiple countries, primarily through joint ventures and licensing agreements with local partners [4]. - The long-term vision includes establishing and operating one million Hotel101 rooms across 100 countries, leveraging regional expertise for scalable growth [4][7]. Business Model - Hotel101 operates an asset-light, prop-tech hospitality platform with a standardized "HappyRoom" model and condotel structure, aiming to deliver consistent and affordable hospitality globally [5][7]. - The company generates revenue through the advance sale of hotel units during construction and from long-term recurring revenue from hotel operations [7]. Operational Milestones - The first global Hotel101 project, Hotel101-Madrid, is expected to start accepting guests by March 2026, marking a significant step in the company's global expansion plans [8].
Leishen Energy Holding Co., Ltd. Announces Receipt of Nasdaq Notice Regarding Annual Meeting Requirement
Globenewswire· 2026-01-24 01:14
Core Viewpoint - Leishen Energy Holding Co., Ltd. has received a notification from Nasdaq regarding non-compliance with the annual meeting requirement, but this does not immediately affect its listing or trading status [1][2]. Group 1: Compliance Notification - On January 16, 2026, Leishen Energy was notified by Nasdaq that it did not hold its annual meeting of shareholders within the required timeframe following the end of its fiscal year [1]. - The notification indicates that the company is no longer in compliance with Nasdaq Listing Rule 5620(a) [2]. Group 2: Compliance Plan - Leishen Energy has been given a 45-day period, until March 2, 2026, to submit a plan to regain compliance with the annual meeting requirement [3]. - If the compliance plan is accepted by Nasdaq, the company may receive an extension of up to 180 days, allowing until June 29, 2026, to meet the requirement [3]. Group 3: Future Actions - The company intends to submit a compliance plan that includes plans to hold the annual meeting within the permitted timeframe, pending Nasdaq's acceptance [4]. - The notification from Nasdaq does not impact the ongoing business operations of Leishen Energy [4].
CORRECTION - Domestic Metals Engages ICP Securities Inc. for Automated Market Making Services and provides further details on the engagement of Michael Pound
Globenewswire· 2026-01-24 01:11
Company Engagements - Domestic Metals Corp. has engaged ICP Securities Inc. to provide automated market making services for a monthly fee of C$7,500, starting January 23, 2026, for an initial term of four months [2] - Michael Pound has been added to the Investor Relations team, focusing on outreach and communication, with a monthly fee of C$7,500 and stock options granted [4] Market Making and Financial Structure - ICP Securities Inc. will correct temporary imbalances in the supply and demand of Domestic Metals Corp.'s shares and will bear its own costs for market making activities [3] - The agreement with ICP does not include performance factors or stock options [2] Company Overview - Domestic Metals Corp. is focused on discovering large-scale copper and gold deposits in historical mining project areas in the Americas [7] - The Smart Creek Project, located in Montana, features widespread copper mineralization and multiple exploration targets [8] 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 [5]
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 ...