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CORRECTION – Visionary Holdings Inc.
Globenewswire· 2026-01-14 03:36
Core Viewpoint - Visionary Holdings Inc. has released its final annual report for fiscal year 2025, highlighting a strategic transformation towards health management, anti-aging, and premium medical aesthetics, with initial revenue contributions from emerging health businesses indicating early progress in this transition [1][3][14]. Financial Performance - Total revenue for fiscal year 2025 was USD 5.04 million, a decrease of 46.2% year-over-year, primarily due to a contraction in real estate leasing operations and changes in the education policy environment [3]. - The company reported a net loss of USD 15.75 million, largely due to one-time transformation-related investments and asset impairment charges totaling approximately USD 4.70 million [4]. - Gross margin improved to 28.0%, with the education services segment achieving a gross margin of 64.4%, indicating stability in core operating efficiency [5]. - Cash flow from investing activities was USD 14.51 million, mainly from asset dispositions, while operating cash outflows decreased to USD 2.97 million from USD 4.10 million in the previous fiscal year [5]. Business Developments - Emerging health-related businesses contributed approximately 21.1% of total revenue, marking the early implementation stage of the company's business restructuring [3]. - Real estate leasing revenue was USD 2.80 million, education services revenue was USD 1.18 million, and life sciences and health-related businesses generated USD 1.06 million [8]. - The company is pursuing initiatives in health management and anti-aging, focusing on gastrointestinal health management and service-oriented offerings, with early-stage commercialization efforts in Asia [9]. - Strategic collaborations have been established with industry participants to enhance access to proprietary technologies and expand the global premium medical aesthetics service network [11]. Strategic Focus - The company aims to advance its development in high-potential segments within premium medical aesthetics and cellular rejuvenation-related businesses, with plans for commercialization and market expansion over the next two years [15]. - The AI education business remains stable, continuing to offer various educational programs while cooperating with Canadian public institutions [12]. - Future plans include optimizing the AI education ecosystem, enhancing digital student management systems, and expanding marketing efforts in key Asian markets [20].
BriaCell Therapeutics Announces Pricing of $30 million Public Offering
Globenewswire· 2026-01-14 02:00
Core Viewpoint - BriaCell Therapeutics Corp. has announced a public offering of 5,366,726 units at a price of $5.59 per unit, aiming to raise approximately $30 million before expenses [1][2]. Group 1: Offering Details - Each unit consists of one common share (or a pre-funded warrant) and one warrant, with the warrants approved for listing on the Nasdaq Capital Market under the symbol "BCTXL" [1]. - The warrants are immediately exercisable at an exercise price of $6.93 per share and will expire five years from issuance [1]. - The offering is expected to close on January 15, 2026, subject to customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for working capital requirements, general corporate purposes, and advancing the company's business objectives [3]. Group 3: Regulatory Information - A registration statement related to the securities was filed with the SEC on December 23, 2025, and became effective on January 13, 2026 [4]. - The offering is being made only by means of a prospectus, with copies available from ThinkEquity [4]. Group 4: Company Overview - BriaCell is a clinical-stage biotechnology company focused on developing novel immunotherapies to transform cancer care [6].
NOVAGOLD Announces Appointment of Project Director to Lead Advancement of the Donlin Gold Project
Globenewswire· 2026-01-14 01:53
Core Viewpoint - NOVAGOLD Resources Inc. has appointed Frank Arcese as Project Director for Donlin Gold LLC, enhancing the team's capabilities as they prepare to initiate the Bankable Feasibility Study (BFS) and advance the project towards development [1][4]. Company Overview - NOVAGOLD is a well-financed precious metals company focused on the development of the Donlin Gold project, which is owned 60% by NOVAGOLD and 40% by Paulson Advisers LLC, located in Alaska, a highly regarded mining jurisdiction [5][6]. - The Donlin Gold project is recognized as one of the largest and highest-grade open-pit gold deposits globally, with approximately 39 million ounces of gold in the Measured and Indicated Mineral Resource categories, and an expected production of over one million ounces per year over a 27-year mine life [5][11]. Appointment of Frank Arcese - Frank Arcese brings over 40 years of global project leadership experience, having previously served as Capital Projects Business Leader for North American mining operations at WSP Global Inc. and as Project Director for various large mining and power plant projects for Rio Tinto [2][3]. - His expertise includes feasibility planning, project execution strategy, risk management, and building high-performance teams, which will be crucial for the successful advancement of the Donlin Gold project [3][4]. Project Development Focus - In his new role, Arcese will oversee project planning, execution strategy, organizational readiness, and alignment with NOVAGOLD's long-term objectives for Donlin Gold [4]. - The company aims to ensure technical rigor, collaboration, and disciplined planning as they move towards a construction decision for the project [4]. Resource and Reserve Estimates - Donlin Gold possesses Measured Resources of approximately 8 million tonnes grading 2.52 grams per tonne and Indicated Resources of approximately 534 million tonnes grading 2.24 grams per tonne, with significant portions attributable to NOVAGOLD [11]. - Proven Reserves are approximately 8 million tonnes grading 2.32 grams per tonne, and Probable Reserves are approximately 497 million tonnes grading 2.08 grams per tonne, each on a 100% basis [11]. Market Position - According to the Fraser Institute's 2024 Annual Survey of Mining Companies, Alaska ranks 3rd globally on the Investment Attractiveness index, highlighting the favorable conditions for mining investments in the region [10].
Genco Shipping & Trading Rejects Non-Binding Indicative Proposal from Diana Shipping Inc.
Globenewswire· 2026-01-14 01:05
Core Viewpoint - Genco Shipping & Trading Limited's Board of Directors unanimously rejected Diana Shipping Inc.'s proposal to acquire Genco shares at $20.60 per share, citing significant undervaluation and execution risks associated with the proposal [1][2][4]. Summary by Sections Proposal Rejection - The Genco Board, with independent advisors, determined that Diana's proposal significantly undervalues the company and is not in the best interest of shareholders [2][11]. - The proposed purchase price is below Genco's net asset value and its 10-year high stock price of $26.93 [3][11]. Execution Risks - The Board highlighted considerable execution risks due to Diana's high leverage profile, lack of committed financing, and the substantial borrowing required to complete the transaction [4][12]. - Diana's proposal lacks the necessary structure and certainty to warrant further engagement [2][13]. Genco's Strategy - Genco's strategy focuses on maximizing shareholder value through sizeable quarterly dividends, low financial leverage, and opportunistic fleet renewal [5][13]. - The company has delivered $7.065 per share in dividends over the last six years, representing nearly 40% of the current share price [16]. Alternative Transaction Structure - Genco proposed an alternative structure where it would acquire Diana using cash and its superior equity currency, which could create value for both companies' shareholders [6][20]. - The combined company would benefit from increased scale, owning 83 drybulk vessels, and would be positioned to capitalize on a strengthening market [21]. Financial Position and Governance - Genco's strong balance sheet and low cash flow breakeven rate of approximately $10,000 per vessel per day, compared to Diana's $16,000, would enhance financial flexibility and dividend capacity [21][22]. - Genco is recognized for its strong corporate governance and transparency as a U.S.-headquartered company [22]. Market Position - The combined entity would have a net asset value exceeding $1 billion, with Genco's market capitalization approximately four times that of Diana [22]. - Genco's superior equity valuation and operational capabilities position it favorably in the drybulk industry [20][22].
VR Confirms Effective Date of Previously Announced Consolidation
Globenewswire· 2026-01-14 00:00
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Jan. 13, 2026 (GLOBE NEWSWIRE) -- VR Resources Limited (“VR” or the “Company”, TSXV: VRR) announces that, in connection with its previously announced brokered private placement offering (the “Offering”) of up to 17,187,500 units (the “Units”) for aggregate gross proceeds of $2,750,000, the Company will complete its previously announced consolidation of its issued and outstanding co ...
Frequency Holdings (OTC: FRQN) Simplifies Disclosures With Direct OTC Reporting To Prepare For Next Steps
Globenewswire· 2026-01-13 23:45
Core Viewpoint - Frequency Holdings Inc. has filed a Form 15 to remove its voluntary SEC reporting, transitioning to direct reporting to OTC Markets, which aims to streamline operations and focus on growth [1][4][5]. Group 1: Company Transition - The company remains publicly traded under the symbol FRQN and continues to disclose information, as it was always a voluntary SEC reporter [3]. - This decision allows Frequency to provide regular financial and corporate disclosures directly through OTC Markets, ensuring continued access for investors [4]. Group 2: Strategic Intent - CEO Rick Jordan emphasized that this move is intended to reduce administrative burdens and redirect efforts towards business development [5][7]. - Frequency has already posted two years of financial statements to comply with OTCID and plans to publish its 2025 year-end reports as scheduled [5]. Group 3: Future Plans - The company is exploring options for full electronic quoting through a registered market maker to enhance market access for retail investors, aligning with its long-term goal of qualifying for higher-tier markets [6]. - Jordan expressed aspirations for NASDAQ listing, indicating that SEC reporting would resume if the company reaches that milestone [7]. Group 4: Company Overview - Frequency Holdings is a holding company focused on high-growth sectors such as cybersecurity, AI, digital identity, and IT infrastructure, with its lead brand, ReachOut, aiming to establish a recognized name in cybersecurity services for small and medium-sized businesses [8]. Group 5: Leadership Profile - Rick Jordan, the founder and CEO, is noted for his expertise in cybersecurity and has a background in leading companies through growth transformations, contributing to national cyber policy discussions [9].
Altus Group Announces Completion of Substantial Issuer Bid
Globenewswire· 2026-01-13 23:16
TORONTO, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Altus Group Limited (“Altus Group”) (TSX: AIF), a leading provider of commercial real estate (“CRE”) intelligence, today announced that it has taken up and paid for 2,855,696 of its common shares (“Shares”) at a price of C$57.00 per Share (the “Purchase Price”) under Altus Group’s substantial issuer bid (the “SIB”) to repurchase for cancellation a number of its Shares for an aggregate purchase price not to exceed C$350 million. The Shares purchased under the SIB re ...
ArrowMark Financial Corp. (NASDAQ: BANX) Announces Terms of Rights Offering
Globenewswire· 2026-01-13 23:15
DENVER, Jan. 13, 2026 (GLOBE NEWSWIRE) -- The board of directors (the “Board”) of ArrowMark Financial Corp. (NASDAQ: BANX) (the “Fund”) has approved the terms of the issuance of transferable rights (“Rights”) to the holders of the Fund’s shares (the “Common Shareholders”) of common stock, par value $0.001 per share (“Common Shares”), as of the record date, entitling the holders of those Rights to subscribe for Common Shares (the “Offer”). The Board, based on the recommendations and presentations of the Fund ...
SELCO Community Credit Union Selects eGain AI Knowledge Hub™ and eGain AI Agent™ to Transform Internal Knowledge Management
Globenewswire· 2026-01-13 23:15
SUNNYVALE, Calif., Jan. 13, 2026 (GLOBE NEWSWIRE) -- eGain Corporation (NASDAQ: EGAN), the leading AI knowledge platform for customer service, today announced that SELCO Community Credit Union has selected the eGain AI Knowledge Hub and AI Agent software to modernize its enterprise knowledge management and empower employees across the organization. SELCO's mission is to support the financial well-being, service excellence, and community impact of its members across Oregon. As part of its ongoing commitment ...
Aritzia Announces $200 Million Secondary Offering of Subordinate Voting Shares
Globenewswire· 2026-01-13 23:01
Core Viewpoint - Aritzia Inc. is conducting a bought deal offering of 1,537,000 subordinate voting shares at an offering price of $130.20 per share, resulting in total gross proceeds of approximately $200.1 million for the selling shareholders, primarily for estate planning, investment diversification, and charitable purposes [2][3][4]. Group 1: Offering Details - The offering will be underwritten by BMO Capital Markets, and the company will not receive any proceeds from this offering [2][3]. - An over-allotment option allows the underwriter to purchase an additional 230,550 shares within 30 days of the offering's closing [2][4]. - The offering is expected to close around January 29, 2026, and a preliminary short form prospectus will be filed by January 19, 2026 [5]. Group 2: Shareholder Information - Following the offering, Brian Hill will remain the largest shareholder with approximately 15.9% equity interest [3][12]. - The total number of subordinate voting shares outstanding will be 97,286,183, and multiple voting shares will be 18,392,244 after the offering [4][12]. - The Hill Entities currently hold no subordinate voting shares but possess 19,679,244 multiple voting shares, representing a voting interest of approximately 67.3% [11]. Group 3: Company Overview - Aritzia is a design house known for its innovative global platform and offers a range of exclusive brands under the concept of "Everyday Luxury" [7][8]. - The company operates over 125 boutiques across North America and emphasizes personalized shopping experiences [8].