Boralex Enters into Definitive Agreement to be Acquired by Brookfield, alongside La Caisse, Supporting its Next Phase of Growth as a Standalone Private Company
Globenewswire· 2026-03-25 12:37
Core Viewpoint - Boralex Inc. has entered into a definitive arrangement agreement with Brookfield and La Caisse for the acquisition of all issued and outstanding Class A common shares at a price of $37.25 per share, representing a significant premium for shareholders [1][5][7]. Transaction Overview - The transaction provides Boralex with a total enterprise value of approximately $9.0 billion, which includes project and corporate-level indebtedness, and implies a 13 times 2026E consensus EBITDA on the combined total enterprise value [5][14]. - Shareholders will receive a cash consideration of $37.25 per common share, reflecting a 31.8% premium over the closing price on March 20, 2026, and a 36.4% premium over the 30-day volume-weighted average price [5][7][8]. Strategic Rationale - The transaction aims to maximize shareholder value and finance Boralex's strong pipeline, positioning the corporation for its next growth phase [2][5]. - Brookfield and La Caisse will provide operational, strategic, and financial support to accelerate Boralex's growth, leveraging their expertise and resources [11][19]. Shareholder Support - La Caisse, Boralex's largest shareholder, has agreed to vote in favor of the transaction and will increase its ownership from approximately 15% to 30% post-closing [12][14]. - The transaction has been unanimously approved by Boralex's Board of Directors, which recommends that shareholders vote in favor [10][18]. Operational Independence - Following the transaction, Boralex will continue to operate independently while benefiting from the support of long-term investors aligned with its business model [3][4]. Growth Potential - Boralex has a robust asset base with approximately 3,800 megawatts of renewable energy assets, over 90% of which are contracted for an average term of 10 years, and a significant project pipeline totaling approximately 8.2 GW [15][29]. - The partnership with Brookfield and La Caisse is expected to enhance Boralex's capabilities and accelerate project development across its core markets [19]. Closing Conditions - The transaction is expected to close by Q4 2026, subject to shareholder and regulatory approvals, as well as customary closing conditions [5][21].
SecureTech Reports Record Revenue and First Annual Profit for FY2025
Globenewswire· 2026-03-25 12:30
Core Insights - SecureTech Innovations, Inc. has achieved significant financial milestones in FY2025, marking a transformative year for the company [2][6] - The company reported total revenue of $7.7 million, a substantial increase from the previous year's nominal revenue, primarily due to the acquisition of AI UltraProd [8] - SecureTech recorded its first-ever annual net profit of $203,298, with net income attributable to shareholders amounting to $112,777 [8] Financial Performance - Total revenue for FY2025 was $7,720,757, compared to $14,235 in FY2024, indicating a dramatic increase [4] - Gross profit reached $1,902,259, with a gross margin of 24.6%, down from 76.0% in FY2024 [4] - The company achieved operating income of $235,749, a significant turnaround from an operating loss of ($403,586) in FY2024 [4] - Total stockholders' equity improved to $10,599,938 from a deficit of ($440,042) in FY2024, reflecting a strengthened balance sheet [4][8] - The outstanding share count was reduced by approximately 78%, or 61 million shares, enhancing shareholder value [8] Strategic Focus - The company aims for NASDAQ uplisting, organic growth, and disciplined mergers and acquisitions (M&A) to build long-term shareholder value as it enters FY2026 [6] - SecureTech's portfolio includes advanced technologies in artificial intelligence, industrial 3D printing, cybersecurity, and blockchain, positioning it for future growth [6]
PureCycle Signs €40 Million Innovation Fund Grant Agreement with European Climate, Infrastructure and Environment Executive Agency
Globenewswire· 2026-03-25 12:30
Core Insights - PureCycle Technologies has secured a €40 million grant from the Innovation Fund to support its 'ASTRA PP' project at the Port of Antwerp-Bruges, contributing to a total of €2.7 billion allocated for 54 projects aimed at net-zero technologies [1][3]. Group 1: Project Overview - The 'ASTRA PP' project will establish a polypropylene (PP) dissolution recycling facility with an annual production capacity of 59,000 tonnes (130 million lbs.) of PureFive resin [2]. - The project aims to provide circular alternatives to conventional fossil-raw-materials for PP production, aligning with the European Green Deal and related sustainability regulations [3]. Group 2: Environmental Impact - Upon completion, the project is expected to achieve an 85% reduction in greenhouse gas emissions compared to traditional fossil-raw-material-based polypropylene production [4]. - The facility will help customers comply with EU regulations, including recycled content targets in the Packaging & Packaging Waste Regulation and the End-of-Life Vehicles Regulation [3]. Group 3: Strategic Importance - The grant is seen as a validation of PureCycle's recycling technology and reflects Europe's commitment to a circular economy for plastics [4]. - The Antwerp facility is positioned to meet the increasing demand for sustainable solutions from European brand owners and manufacturers [4]. Group 4: Future Engagement - PureCycle is actively seeking additional funding from Flanders regional officials to further support the 'ASTRA PP' project [5].
Go Green Global Technologies Corp. Appoints Water Technology Innovator Grant Page as Chairman of the Board
Globenewswire· 2026-03-25 12:30
Core Insights - Go Green Global Technologies Corp. has appointed Grant Page as Chairman of the Board, effective March 20, 2026, to enhance its commercial deployment and strategic partnerships in the clean technology sector [1][4]. Company Overview - Go Green Global Technologies Corp. focuses on developing advanced systems for sustainable water treatment, energy efficiency, and infrastructure optimization, with its proprietary Sonical™ platform designed to improve performance and efficiency across various systems [7]. Leadership Background - Grant Page is a seasoned entrepreneur and investor with a strong background in water technology, having previously founded Magna Imperio Systems, which achieved a valuation of $210 million [2][3]. - Page currently serves as Managing Partner and Chief Investment Officer of Pelican Hill Partners LLC, overseeing significant private equity and venture transactions in the water, energy, and infrastructure sectors [3]. Strategic Goals - Under Page's leadership, the company aims to drive commercial deployment, expand strategic partnerships, and strengthen capital access to position itself for sustained growth in the global clean technology market [4][6]. - Page emphasizes the importance of disciplined commercialization and scaled deployment of the Sonical™ platform to capitalize on opportunities in water and energy infrastructure systems [5][6].
Beyond Meat® to Delay Reporting Fourth Quarter and Full Year 2025 Financial Results Until March 31, 2026
Globenewswire· 2026-03-25 12:30
Core Viewpoint - Beyond Meat is rescheduling the reporting of its financial results for Q4 and full year 2025 to March 31, 2026, due to identified material weaknesses in internal controls over financial reporting [1][2][3] Financial Reporting - The company is completing its financial close procedures for Q4 and year-end 2025, having identified a material weakness related to inventory provision accounting as of December 31, 2025 [2] - Errors were found in previously issued financial statements for the first three quarters of 2025, leading to an understatement of cost of goods sold and certain selling, general, and administrative expenses, as well as an overstatement of loss from impairment in Q3 2025 [2] - Management believes these errors are immaterial to the previously issued quarterly financial statements and will be corrected prospectively in fiscal 2026 [2] Conference Call and Filing - A conference call to discuss the financial results is scheduled for March 31, 2026, at 5:00 PM Eastern, with investors able to participate by dialing 412-902-4255 [3] - The company plans to file its Annual Report on Form 10-K for the full year ended December 31, 2025, on the same day after market close [3] Company Overview - Beyond Meat, Inc. is a plant protein company offering a range of plant-based products made from simple ingredients, emphasizing no GMOs, no added hormones or antibiotics, and 0mg of cholesterol per serving [4] - Founded in 2009, the company aims to replicate the taste and texture of animal-based meat while promoting better health and environmental sustainability [4] - The brand's promise, "Eat What You Love," reflects a commitment to positively impact human health, climate change, natural resource constraints, and animal welfare through a shift to plant-based protein [4]
HeartSciences’ MyoVista Insights™ Receives Epic Toolbox Designation for ECG Management System Category
Globenewswire· 2026-03-25 12:30
Core Insights - HeartSciences Inc. has announced that its MyoVista Insights™ platform has received Epic Toolbox designation for the ECG Management System category, marking a significant milestone in its interoperability strategy [1][3]. Group 1: Product Overview - MyoVista Insights is a cloud-native ECG management and analysis platform designed to enhance workflow efficiency and support clinical decision-making [2]. - The platform integrates with hospital information systems and electronic health records (EHRs), including Epic, through HL7v2 order and results workflows, single sign-on (SSO), and SMART on FHIR [2]. - MyoVista Insights is device-agnostic and aims to improve clinical efficiency and decision-making through the integration of artificial intelligence (AI) [5]. Group 2: Strategic Importance - The Epic Toolbox designation is part of HeartSciences' strategy to enable seamless integration of MyoVista Insights into clinical workflows and expand access across healthcare systems [3]. - The company emphasizes the importance of interoperability in enhancing the usability of its platform within existing clinical workflows [3].
GoldHaven Closes $1.72 Million First Tranche Flow-Through Financing to Fund 2026 Drill Program Targeting High-Grade at Magno Project
Globenewswire· 2026-03-25 12:30
Core Viewpoint - GoldHaven Resources Corp. has successfully closed the first tranche of a $2 million non-brokered flow-through financing, raising approximately $1.72 million through the issuance of 6,482,417 flow-through shares at a price of $0.265 each, with a second tranche expected in April 2026 [1][2][3]. Financing Details - The company paid cash finder's fees totaling C$109,817 and issued 397,520 non-transferable finder warrants, each allowing the purchase of one common share at C$0.35 for 24 months [2]. - All securities issued are subject to a hold period of four months and one day as per applicable securities laws [2]. CEO Commentary - The CEO expressed satisfaction with the strong support for the financing, which will enable GoldHaven to execute a fully funded and targeted drill program at the Magno project in 2026 [3]. Use of Proceeds - The net proceeds from the offering will be directed towards Canadian exploration expenses, specifically for flow-through critical mineral mining expenditures [4]. Magno Project Overview - GoldHaven's Magno Project spans approximately 37,200 hectares in the Cassiar region of northwestern British Columbia and is characterized as a district-scale polymetallic exploration asset [5][10]. - The project features a large intrusion-related hydrothermal system with various mineralization styles, including silver-lead-zinc carbonate replacement mineralization and tungsten-rich skarn systems [6][10]. Geological Highlights - The Magno Project has reported high-grade mineralization, with silver grades reaching up to 2,370 g/t and significant associations with lead, zinc, and tungsten [4][8]. - The 2026 diamond drilling program will target high-grade Ag-Pb-Zn CRD zones at Magno and D-Zone, with follow-up drilling planned for tungsten-skarn mineralization at Kuhn and Dead Goat, where values up to 6,550 ppm W have been identified [9]. Exploration Strategy - The exploration strategy includes airborne geophysical surveys to refine structural controls and intrusive targets, along with 3D geological and metal zonation modeling to identify higher-grade zones [9].
INVO Fertility Announces a 1:5 Reverse Stock Split Effective Pre-Market Opening on March 27, 2026
Globenewswire· 2026-03-25 12:30
Core Viewpoint - INVO Fertility, Inc. will implement a 1-for-5 reverse stock split effective March 27, 2026, which will affect its issued and outstanding common stock as well as its authorized common stock [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every 5 shares of common stock into 1 share, with fractional shares being rounded up to the next whole share for registered holders [2]. - Beneficial holders in street name will receive a cash payment for fractional shares, determined by their brokers [2]. - Post-split, the company will have approximately 1,615,419 shares of common stock issued and outstanding, and the authorized shares will be adjusted to 50,000,000 [2]. Group 2: Company Overview - INVO Fertility is focused on expanding assisted reproductive technology (ART) care, operating fertility clinics, and distributing its proprietary INVOcell medical device [3]. - The company operates four fertility clinics in the U.S. and aims to provide a more natural and affordable experience through its intravaginal culture (IVC) procedure [3]. - The IVC procedure is positioned as a cost-effective alternative to traditional IVF, offering comparable results at a lower price [3].
Founder Group Limited Announces Additional US$8.6 Million Contract Under Malaysia’s Large Scale Solar Programme
Globenewswire· 2026-03-25 12:30
Group 1 - Founder Group Limited has secured an EPC contract valued at RM34 million (approximately US$8.6 million) under Malaysia's Large Scale Solar 5 (LSS5) programme, bringing the total contract value under this programme to RM70 million (approximately US$17.7 million) [1][2] - The new contract involves the design, construction, testing, and commissioning of a 9.5 MW solar facility, which is expected to achieve commercial operation by May 1, 2027 [2] - LSS5 is part of the Malaysian government's initiative to reach a target of 70 percent renewable energy installed capacity and carbon neutrality by 2050, marking a significant step towards solar energy adoption in the country [3] Group 2 - MBSB Investment Bank Bhd indicates that Malaysia may soon launch LSS6, potentially adding another 2GW of solar capacity, which could support a multi-year growth trajectory for solar players [4] - The CEO of Founder Group, Lee Seng Chi, emphasized that the new LSS5 contract reflects growing trust in the company's technical capabilities and reinforces its momentum in Malaysia's utility-scale solar market [5] - The company aims to leverage this milestone to secure additional contracts under LSS6 and other renewable energy initiatives, establishing a foundation for sustained recurring revenue generation [6]
Satellogic Appoints Former Director of NGA Vice Admiral Frank D. Whitworth III, USN (Ret.
Globenewswire· 2026-03-25 12:30
Core Insights - Satellogic, Inc. has appointed Vice Admiral Frank D. Whitworth III as a Strategic Advisor to enhance its strategic growth and integration of high-frequency satellite data into global intelligence architectures [1][3] Company Overview - Satellogic is a vertically integrated geospatial company focused on delivering high-resolution Earth Observation (EO) at scale and cost-effectiveness [1][8] - The company aims to democratize access to geospatial data to address global challenges such as climate change, energy supply, and food security [9][10] Leadership and Expertise - VADM Whitworth has extensive experience in the U.S. defense and intelligence sectors, having served as the Director of the National Geospatial-Intelligence Agency (NGA) [2][3] - His leadership at NGA included the operationalization of AI and Machine Learning through the NGA Maven initiative, enhancing the speed and scale of intelligence analysis [2][3] Strategic Focus - In his advisory role, VADM Whitworth will guide Satellogic in engaging with global customers, developing product and technology roadmaps, and integrating high-frequency Earth Observation into modern intelligence frameworks [3][4] - The company is shifting from episodic data collection to continuous monitoring, which is essential for national security and defense applications [4][5] Market Positioning - Satellogic's architecture is designed for persistent coverage, allowing analysts to transition from periodic observation to continuous situational awareness [6] - As governments increasingly utilize commercial data in intelligence workflows, Satellogic is positioning its capabilities as a foundational layer for geospatial intelligence [7]