Clearmind Medicine Successfully Regains Compliance with Nasdaq's Minimum Stockholders' Equity Requirement
Globenewswire· 2025-12-12 11:32
Core Points - Clearmind Medicine Inc. has regained compliance with Nasdaq Listing Rule 5550(b)(1), which requires a minimum stockholders' equity of $2,500,000, as confirmed by a notification letter from Nasdaq on December 10, 2025 [1][2] - The company is under continued monitoring by Nasdaq for compliance with the Minimum Stockholders' Equity Rule, with potential delisting if compliance is not demonstrated in the next periodic report [2] - Clearmind is a clinical-stage biotech company focused on developing novel psychedelic-derived therapeutics to address significant health issues, including alcohol use disorder [3] - The company holds an intellectual property portfolio consisting of 19 patent families and 31 granted patents, with plans to seek additional patents and acquire more intellectual property as needed [4]
Ferrellgas Partners, L.P. Reports First Quarter Fiscal Year 2026 Results
Globenewswire· 2025-12-12 11:30
Core Insights - Ferrellgas Partners, L.P. reported a strong start to fiscal 2026, with operational improvements and successful refinancing efforts contributing to a positive outlook for the winter heating season and the full fiscal year [2][3] Financial Highlights - The company completed financing transactions in October 2025, including redeeming $650 million of Senior Notes due 2026 and issuing $650 million of new Senior Notes due 2031, which strengthened its balance sheet [3] - Revenue for the first fiscal quarter decreased by $8.9 million, or 2%, to $355.2 million, while gross profit remained flat at $195.2 million [4][17] - Adjusted EBITDA decreased by $6.5 million, or 18%, to $29.3 million compared to the prior year quarter, primarily due to increased operating and administrative expenses [5][19] Operational Highlights - Retail sales increased by $0.7 million, driven by a $2.8 million rise in sales to residential and agricultural customers, despite a decrease in wholesale sales due to the absence of significant weather events [4][10] - The retail business experienced a 37% increase in temporary heat tank sets compared to the prior year, indicating strong customer demand [9] - The wholesale business normalized due to a lack of storm-related demand, but the company maintained profitability through disciplined management of production and logistics costs [10] Balance Sheet Overview - As of October 31, 2025, total assets were $1.38 billion, a decrease from $1.42 billion at the end of the previous fiscal year [29] - Current liabilities decreased significantly from $914.5 million to $289.0 million, reflecting improved financial flexibility [29] - Long-term debt increased to $1.45 billion from $815.5 million, indicating a strategic shift in financing [29] Customer and Market Strategy - The company focused on enhancing customer service and retention, particularly in the North Central, Northeast, and Pacific regions, through investments in customer service representatives [9] - Strategic outbound calling campaigns were implemented to capture on-demand customers in preparation for the winter season [9][11]
PhenixFIN Corporation Announces Fiscal Year and Fourth Quarter 2025 Financial Results
Globenewswire· 2025-12-12 11:05
Core Insights - PhenixFIN Corporation reported its financial results for the fiscal year and fourth quarter of 2025, focusing on growing net asset value (NAV) per share and enhancing shareholder value [1][3]. Financial Performance - Total investment income for Q4 2025 was $6.9 million, with $6.7 million from portfolio interest and dividend income, and $0.2 million from fees and other income [4]. - Total net expenses for the quarter were $5.5 million, resulting in a net investment income of $1.4 million [4]. - The company recorded a net realized loss of $0.04 million and a net unrealized gain of $2.2 million during the quarter [4]. Portfolio and Investment Activities - The fair value of the investment portfolio was $302.3 million, consisting of 36 portfolio companies, with one company on non-accrual status valued at $0.0 million [5]. - The company actively managed its portfolio, selling its entire position in First Brands Group at nearly par (95.5) due to a delayed refinancing [3]. Liquidity and Capital Resources - As of September 30, 2025, the company had $7.3 million in cash and cash equivalents, $59.2 million in unsecured notes due 2028, and $90.0 million outstanding under its credit facility [6]. Net Asset Value - The net asset value (NAV) was reported at $160.8 million, or $80.24 per share, as of September 30, 2025, an increase from $79.37 per share a year earlier [8][14]. Yearly Financial Overview - For the fiscal year ended September 30, 2025, total investment income was $25.3 million, up from $22.2 million in 2024 [16]. - Net investment income for the year was $5.1 million, compared to $4.7 million in the previous year [17]. - The company experienced a net increase in net assets resulting from operations of $4.2 million for the year [17].
Bunker Hill Completes The Ranger Page Project Acquisition in Idaho’s Silver Valley and Provides Corporate Update; Advances Exploration in Idaho Leveraging VRIFY’s AI-Enabled Exploration Intelligence Software
Globenewswire· 2025-12-12 11:00
Core Points - Bunker Hill Mining Corp has completed the acquisition of mineral interests from Silver Dollar Resources, consolidating control over a historically productive area in Idaho's Silver Valley mining district [1][2][3] - The acquisition includes a 100% interest in the Ranger-Page mineral interests and a 75% interest in the Government Gulch property, expanding the company's mineral claim package by approximately 1,205 acres [1][2][4] - The total consideration for the acquisition is approximately US$2.4 million, paid in shares of Bunker Hill's common stock [4][5] Acquisition Details - The acquisition enhances Bunker Hill's operational footprint and provides access to an extensive historical geological database, which could extend the operational life of the Bunker Hill Mine [2][3] - The asset purchase agreement includes a structured payment schedule for the shares, with specific release dates for the shares to the vendor [4][5][6] - The transaction is arm's length, and no finder's fee was paid [6] Option Agreements - Bunker Hill has acquired Silver Dollar's position under option agreements with Deadwood Land, LLC and Blackhawk Exploration LLC, allowing for potential future acquisitions of mineral interests [7][8][10] - The Deadwood Option allows Bunker Hill to negotiate for surface rights necessary to support mining operations, with a payment of $1.5 million required before November 17, 2031 [9][8] - The Blackhawk Option includes a 75% interest in the Blackhawk Property, with the potential to acquire the remaining 25% by December 31, 2025 [10][12] AI Integration - Bunker Hill has partnered with VRIFY Technology Inc. to utilize AI and machine learning technology for enhancing exploration efficiency in the expanded Bunker Hill and Ranger-Page Project [14][15] - The integration of VRIFY's DORA software aims to process extensive geological datasets to uncover new patterns and refine exploration targets [15][17] - This AI-assisted approach is expected to accelerate the path from data to discovery, addressing the urgent need for innovation in the mining industry [17][18] Corporate Activities - The company's board of directors has approved an increase in the authorized shares of common stock from 2.5 billion to 3.5 billion, providing greater flexibility for future issuances [23][24][25] - The amendment reflecting the Authorized Share Increase was approved by stockholders representing 53.36% of the company's outstanding voting power [24]
Anna Nord Bjercke resigns as CFO of Statkraft
Globenewswire· 2025-12-12 11:00
Core Insights - CFO Anna Nord Bjercke of Statkraft AS will step down to pursue opportunities outside the company, effective January 1, 2026, with Tone Aastveit Skuterud appointed as acting CFO [1][2][3] Group 1: Leadership Changes - Anna Nord Bjercke joined Statkraft as CFO in January 2024 and has contributed to refining the business strategy, divesting non-core activities, and reducing costs significantly during her tenure [2] - Tone Aastveit Skuterud, the new acting CFO, has extensive experience, having previously held senior management roles at Telenor and served in various capacities at Statkraft for 12 years [1][3] Group 2: Company Performance and Strategy - The company has focused on strengthening its financial robustness and competitiveness amid increased uncertainty in the energy sector, with planned divestments being a key milestone for new investments [3] - Statkraft is recognized as Europe's largest renewable energy producer, with a diverse portfolio that includes hydropower, wind power, solar power, and gas-fired power [6]
Katapult, The Aaron's Company, and CCF Holdings to Combine in All-Stock Transaction
Globenewswire· 2025-12-12 11:00
Core Viewpoint - Katapult Holdings, Inc. has announced a definitive agreement to merge with The Aaron's Company, Inc. and CCF Holdings LLC in an all-stock transaction, aiming to create a premier omni-channel platform for non-prime consumers, enhancing growth potential and financial solutions [1][2][3]. Strategic and Financial Rationale - The merger will create a trusted platform for non-prime consumers to access durable goods and innovative financial solutions tailored to their needs [3]. - The combined company will establish a scaled omni-channel business with approximately 3,000 retail touchpoints and leading digital capabilities [3]. - The financial profile of the combined entity is projected to include over $4 billion in pro forma LTM revenue and approximately $450 million in pro forma LTM Adjusted EBITDA, supporting long-term double-digit Adjusted EBITDA margin potential [3]. - The merger is expected to unlock significant synergies, including enhanced underwriting capabilities and operating efficiencies [3]. Leadership and Governance - The combined company will continue to operate under the Katapult brand, headquartered in Atlanta, Georgia, with Cory Miller as CEO and Russell Falkenstein as CFO [7]. - The board of directors will consist of nine members, including Kyle Hanson as Executive Chair, with a majority being independent [8]. Transaction Details - Upon closing, current Katapult stockholders will own 6% of the combined company, with Aaron's and CCF Holdings stakeholders owning the remainder [5]. - The transaction is expected to close in the first half of 2026, pending stockholder and regulatory approvals [5].
Johnson Outdoors Reports Results for Fiscal Year 2025
Globenewswire· 2025-12-12 11:00
Core Viewpoint - Johnson Outdoors Inc. reported a solid finish to fiscal year 2025, driven by new product successes and strategic investments despite ongoing market uncertainties [2]. Fiscal 2025 Results - Total revenue for fiscal 2025 was $592.4 million, nearly flat compared to $592.8 million in fiscal 2024 [2]. - The company experienced a significant reduction in operating loss, which was $16.2 million in fiscal 2025 compared to $43.5 million in the prior year [3]. - Gross margin improved to 35.1% in fiscal 2025 from 33.9% in the previous year, attributed to better overhead absorption and reduced inventory reserves [3]. - Operating expenses decreased by $20.2 million, primarily due to a prior year goodwill impairment charge and lower promotional spending [4]. Loss Before Income Taxes - Loss before income taxes was $9.3 million in fiscal 2025, an improvement from a loss of $29.9 million in fiscal 2024, mainly due to increased gross margin and reduced operating expenses [5]. Net Loss - The net loss for fiscal 2025 was $34.3 million, or $3.35 per diluted share, compared to a net loss of $26.5 million, or $2.60 per diluted share, in fiscal 2024 [6]. Fourth Quarter Results - In the fourth quarter, net sales were $135.8 million, an increase of $30 million from the same quarter in the prior year [7]. - The operating loss for the fourth quarter was $8.2 million, significantly improved from a loss of $42.8 million in the prior year [7]. - Gross margin improved due to increased sales volumes and lower promotional pricing [7]. Other Financial Information - As of October 3, 2025, the company reported cash and investments of $176.4 million, a $14.4 million increase from the prior year, with no debt on its balance sheet [8]. - Capital spending totaled $16.0 million in fiscal 2025, compared to $22.0 million in fiscal 2024 [8]. Segment Performance - Fishing segment revenue increased by 2% due to new product successes [8]. - Diving sales also rose by 2%, aided by improved market conditions and favorable foreign currency translation [8]. - Camping and Watercraft Recreation revenue decreased by 13%, primarily due to the exit of the Eureka! brand [8].
Finanskalender 2026 og 2027
Globenewswire· 2025-12-12 11:00
Core Points - Brøndbyernes IF Fodbold A/S has announced its financial calendar for 2026 and 2027, detailing key dates for financial reports and annual general meetings [1][2]. Group 1: Financial Reporting Dates - The company plans to release its H1 2025 interim report on February 12, 2026, covering the period from July 1, 2025, to December 31, 2025 [2]. - The annual report for the 2025/26 fiscal year will be published on September 24, 2026, covering the period from July 1, 2025, to June 30, 2026 [2]. - The H1 2026 interim report is scheduled for February 11, 2027, covering the period from July 1, 2026, to December 31, 2026 [2]. - The annual report for the 2026/27 fiscal year will be released on September 23, 2027, covering the period from July 1, 2026, to June 30, 2027 [2]. Group 2: General Meetings - The ordinary general meeting is set for October 20, 2026 [2]. - Another ordinary general meeting is scheduled for October 19, 2027 [2].
HyOrc Positions Green Methanol as the Economic Solution to Shipping’s Decarbonization Challenge
Globenewswire· 2025-12-12 10:04
Core Insights - The key challenge in decarbonizing shipping is finding a cost-competitive fuel solution, as highlighted by industry analysis [1][4] - HyOrc Corporation's green methanol platform offers a high-efficiency, low-CAPEX solution that avoids reliance on expensive inputs like large-scale electrolysis [3][4] - The company's technology allows for the conversion of negative-cost municipal waste into high-purity green methanol, achieving up to a 90% reduction in lifecycle CO2 emissions [4] Company Positioning - HyOrc has secured a 10-year offtake commitment from a major European green fuel producer through its Portuguese joint venture, indicating strong commercial interest [5] - The company is positioned to accelerate the maritime sector's transition to decarbonization by providing a practical, scalable, and economically viable fuel source [5] - HyOrc is preparing for a Nasdaq uplist, with 737 million shares issued and outstanding, and 26.30 million shares at DTC [6]
Comment on the Verslo Žinios article in Lithuania (Rudninkai Polygon Public Procurement)
Globenewswire· 2025-12-12 10:00
Group 1 - UAB Merko Statyba, part of AS Merko Ehitus, has submitted the best bid for parts B and C in the public procurement for the development of military infrastructure at the Rūdninkai polygon through a public-private partnership [1] - The Lithuanian Ministry of Defence has not yet officially published the decision on the selection of the best bidders or proposed contract conclusions, but is in the final verification process and expects to reach the contract conclusion phase within this year [2] - AS Merko Ehitus will announce the conclusion of partnership and construction agreements through the stock exchange [3] Group 2 - UAB Merko Statyba is a recognized Lithuanian construction company providing services in general construction, civil engineering, and residential construction [3] - AS Merko Ehitus operates in Estonia, Latvia, and Lithuania, employing 605 people and generating revenue of EUR 539 million for the year 2024 [3]