JJK Holdings Ltd. Acquires $7,878,792 Convertible Debenture Of Noveris Health Sciences Inc.; Filing Of Early Warning Reports By JJK Holdings Ltd.
Thenewswire· 2026-02-27 21:35
Vancouver, British Columbia, February 27, 2026 - TheNewswire — Noveris Health Sciences Inc. (the “Company”) (CSE: NVRS) (FSE: 0NF0) (OTC: MYCOF) announces today that JJK Holdings Ltd. (“JJK”) acquired a convertible debenture of the Company in the principal amount of CAD $7,878,792 (the “Debenture”) previously held by Pioneer Garage Limited (“Pioneer”) (previously announced as having been acquired by Ray Van Empel, the principal shareholder of Pioneer), pursuant to a privately negotiated purchase agreement ( ...
KORE Closes Tranche 2 Of The Previously Announced Private Placement And Provides Corporate Updates
Thenewswire· 2026-02-27 21:35
Vancouver, BC – February 27, 2026 - TheNewswire – KORE Mining Ltd. (TSXV: KORE) (“KORE” or the “Company”) is pleased to announce that, further to its news releases dated December 4, 2025 and October 20, 2025, the Company has received disinterested shareholder approval at its annual general and special meeting held on February 24, 2026 (the “Meeting”) in connection with the closing of Tranche 2 of its previously announced private placement (the “Offering”), which resulted in the creation of a new Control P ...
BlackRock Utilities, Infrastructure, & Power Opportunities Trust (BUI) Announces Terms of Rights Offering
Businesswire· 2026-02-27 21:32
Core Viewpoint - BlackRock Utilities, Infrastructure, & Power Opportunities Trust is issuing transferable rights to existing shareholders to subscribe for additional shares at a discount to the market price, aimed at increasing the fund's assets for future investment opportunities [1][2]. Group 1: Offer Details - The rights will be issued to holders of common shares as of March 9, 2026, allowing them to purchase additional shares at a discount [1]. - The subscription price will be determined based on the average sales price on the NYSE on the expiration date, expected to be April 2, 2026, with a formula ensuring it is at least $0.01 below the net asset value if necessary [4][5]. - Shareholders will receive one right for each share owned, with the ability to purchase one new share for every four rights exercised [4]. Group 2: Strategic Rationale - The Board and the investment adviser believe that the offer will benefit both the fund and its shareholders by increasing assets to capitalize on investment opportunities aligned with the fund's objectives of total return and income [2]. - The fund expects to maintain its current distribution level following the offer, with new shares eligible for the distribution expected in April 2026 [3]. Group 3: Market Context - The infrastructure sector is experiencing significant investment opportunities due to trends such as the AI buildout, national security priorities, and the transition to a lower carbon economy [4]. - Utilities are facing a capital raising need due to rising power demand and the reshoring of power supply chains, leading to the largest capital expenditure cycle in decades [4]. Group 4: Rights and Privileges - Rights are transferable and will be traded on the NYSE under the symbol "BUI RT" until April 1, 2026, allowing shareholders to sell their rights if they choose not to subscribe [10]. - Record Date Shareholders who fully exercise their rights can subscribe for additional shares that remain unsubscribed by others, subject to certain limitations [10].
Duolingo (DUOL) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2026-02-27 21:30
Core Insights - Duolingo, Inc. reported a revenue of $282.87 million for the quarter ended December 2025, marking a year-over-year increase of 35% and exceeding the Zacks Consensus Estimate by 2.19% [1] - The earnings per share (EPS) for the same period was $0.94, significantly higher than the $0.31 reported a year ago, with an EPS surprise of 19.24% over the consensus estimate of $0.79 [1] Financial Performance Metrics - Paid subscribers reached 12.2 million, slightly above the estimated 12.12 million [4] - Subscription bookings totaled $296.6 million, marginally exceeding the average estimate of $296.58 million [4] - Daily active users (DAUs) were reported at 52.7 million, surpassing the average estimate of 52.33 million [4] - Monthly active users (MAUs) were 133.1 million, below the average estimate of 137.98 million [4] - Total bookings amounted to $336.8 million, slightly above the estimated $335.84 million [4] Revenue Breakdown - Subscription revenue was $242.29 million, exceeding the four-analyst average estimate of $237.33 million, reflecting a year-over-year increase of 39% [4] - Other revenues, including advertising and in-app purchases, totaled $31.03 million, below the average estimate of $39.91 million, with a year-over-year increase of 14.9% [4] - In-app purchases generated $9.55 million, slightly below the estimated $10.12 million [4] - Advertising revenue was $20.22 million, exceeding the average estimate of $17.55 million, representing a year-over-year increase of 41.5% [4] - Revenue from the Duolingo English Test was $10.28 million, slightly below the estimate of $10.42 million, showing a year-over-year decline of 9.9% [4] Stock Performance - Duolingo's shares have returned -15.8% over the past month, compared to a -0.5% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]
Elong Power Holding Limited Announces Closing of US$7.0 Million Public Offering
Prnewswire· 2026-02-27 21:30
Core Viewpoint - Elong Power Holding Limited has successfully closed a public offering, raising approximately US$7.0 million through the sale of 21,700,000 Units, each priced at US$0.3231, which includes Class A ordinary shares and common warrants [1] Group 1: Offering Details - The offering consisted of 21,700,000 Units, with each Unit comprising one Class A ordinary share and one common warrant [1] - Each common warrant is exercisable immediately at an exercise price of US$0.3231 per share, with adjustments set for March 3, 2026, and March 6, 2026, to 70% and 50% of the initial exercise price, respectively [1] - The underwriter has a 45-day option to purchase up to 3,255,000 additional Class A ordinary shares and/or common warrants to cover any over-allotment, which was partially exercised on February 27, 2026 [1] Group 2: Use of Proceeds - The proceeds from the offering, amounting to approximately US$7.0 million before deductions, will be used for general corporate purposes and working capital [1] Group 3: Company Overview - Elong Power is a provider of high power battery technologies for commercial and specialty alternative energy vehicles and energy storage systems [1] - The company focuses on the research, development, manufacturing, sales, and service of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity batteries for energy storage [1] - Elong Power's product portfolio includes lithium manganese oxide and lithium iron phosphate batteries, catering to high-power and energy storage applications [1]
SOLAI Limited Receives Continued Listing Notice from NYSE; Announces Changes to its Board of Directors
Prnewswire· 2026-02-27 21:30
Core Viewpoint - SOLAI Limited has received a continued listing notice from the NYSE due to non-compliance with minimum share price requirements, while also announcing changes to its Board of Directors [1] Company Compliance and Listing Status - On January 29, 2026, SOLAI Limited was notified by the NYSE that it was not in compliance with continued listing standards as the average closing price of its American Depositary Shares (ADSs) was below US$1.00 over a consecutive 30 trading-day period [1] - The company has a six-month "Cure Period" to regain compliance, during which it must achieve a closing price of at least US$1.00 on the last trading day of any calendar month [1] - The notice does not have an immediate impact on the listing of the company's ADSs, which will continue to be traded on the NYSE, and the company remains compliant with all other NYSE continued listing standards [1] Board of Directors Changes - Mr. Qian Sun has resigned as an independent director for personal reasons, effective immediately, and his resignation does not involve any disagreement with the Board [1] - Mr. Zhan Chen has been appointed as an independent director, effective immediately, and he meets the independence criteria set forth by the NYSE and the Securities Exchange Act [1] - Mr. Chen brings extensive experience in the consumer, technology, and fintech sectors, having founded and led multiple ventures, including Open Mouth Food Inc. and Boba Labs Inc. [1] Company Overview - SOLAI Limited, previously known as BIT Mining Limited, is a technology-driven cryptocurrency infrastructure company expanding into blockchain-based ecosystems, including AI, stablecoins, and payment infrastructure [1] - The company aims to enhance on-chain efficiency and expand participation across Solana and other blockchain ecosystems [1]
XTL Announces Receipt of Staff Delist Determination from Nasdaq and Plans to Request Hearing
Globenewswire· 2026-02-27 21:30
RAMAT GAN, ISRAEL, Feb. 27, 2026 (GLOBE NEWSWIRE) -- XTL Biopharmaceuticals Ltd. (Nasdaq:XTLB) (TASE:XTLB.TA) (the “Company” or “XTL”), announced today that it has received a letter (the “Letter”) from The Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”), dated February 25, 2026, notifying the Company of the Staff’s belief, based upon its review of the Company and pursuant to Nasdaq Listing Rule 5101, that the Company is a “public shell”, and that continued listing o ...
FMC Corporation Announces Election of Michael F. Barry to Board of Directors
Prnewswire· 2026-02-27 21:30
FMC Corporation Announces Election of Michael F. Barry to Board of Directors [Accessibility Statement] Skip NavigationPHILADELPHIA, Feb. 27, 2026 /PRNewswire/ -- FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, today announced the election of Michael F. Barry to the company's Board of Directors, effective February 27, 2026. He will serve on the Audit and Compensation and Human Capital committees.Continue ReadingBarry brings more than three decades of global leadership experience ...
FRO – Changes to the Board Composition
Globenewswire· 2026-02-27 21:30
Frontline plc (“Frontline” or the “Company”) announces that Mr. Ørjan Svanevik has resigned as Director of the Company. The Board would like to thank Mr. Svanevik for his considerable contribution to the Company during his directorship. At the same time, the Company announces the appointment of Mr. Mikkel Storm Weum as a Director. Mr. Weum is employed as an Investment Director in Seatankers Management Norway AS, responsible for Sale and Purchase, Newbuildings and Projects. Mr. Weum is also serving as a di ...
Chart Industries Reports Fourth Quarter and Full Year 2025 Financial Results
Globenewswire· 2026-02-27 21:30
HOUSTON, Feb. 27, 2026 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) today reported results for the fourth quarter and full year ended December 31, 2025. Full year 2025 compared to full year 2024: Orders of $5.68 billion increased 13.4%; full year 2025 book-to-bill of 1.33Sales of $4.26 billion increased 2.5%; sales increased 4.1% excluding a large lifecycle project and a large aftermarket equipment sale in 2024, which did not repeat in 2025Reported operating income of $358.4 million (8.4% of sale ...