Gray Announces Upsizing and Pricing of $900 Million of 9.625% Senior Secured Second Lien Notes due 2032
Globenewswire· 2025-07-09 01:48
ATLANTA, July 08, 2025 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray”) (NYSE: GTN) announced today the pricing of its previously announced private offering of $900 million aggregate principal amount of 9.625% senior secured second lien notes due 2032 (the “Notes”). This represents an increase of $150 million over the amount previously announced. The Notes were priced at 100% of par. The offering of the Notes is expected to close on July 18, 2025, subject to customary closing conditions. The Notes are being of ...
Cogent Biosciences Announces Pricing of Upsized Public Offering of Shares of Common Stock
Globenewswire· 2025-07-09 01:36
Core Viewpoint - Cogent Biosciences, Inc. has announced a public offering of 22,222,223 shares of common stock at a price of $9.00 per share, aiming to raise approximately $200 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering includes a 30-day option for underwriters to purchase an additional 3,333,333 shares on the same terms [1]. - The expected closing date for the offering is around July 10, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for the development, regulatory, and commercial preparation activities related to bezuclastinib and other product candidates [2]. - Funds will also support the planned commercial launch of bezuclastinib, along with working capital and general corporate purposes [2]. Group 3: Company Overview - Cogent Biosciences focuses on developing precision therapies for genetically defined diseases, with bezuclastinib being the most advanced clinical program [5]. - Bezuclastinib is a selective tyrosine kinase inhibitor targeting the KIT D816V mutation, which is associated with systemic mastocytosis and advanced gastrointestinal stromal tumors [5]. - The company is also conducting a Phase 1 study of a novel FGFR2 inhibitor and developing therapies targeting mutations in ErbB2, PI3Kα, and KRAS [5].
Delixy Holdings Limited Announces Pricing of Initial Public Offering
Globenewswire· 2025-07-09 00:25
Group 1 - Delixy Holdings Limited, a Singapore-based company, is engaged in the trading of oil-related products and has announced an initial public offering (IPO) of 2,000,000 ordinary shares at a public offering price of US$4.00 per share [1] - The company expects to receive gross proceeds of US$5.4 million from the offering, which will be used for expanding product offerings, strengthening market position, making strategic acquisitions, and general working capital [2] - The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on July 9, 2025, under the ticker symbol "DLXY" [1] Group 2 - Delixy Holdings Limited primarily trades in crude oil and oil-based products, including fuel oils, motor gasoline, additives, gas condensate, base oils, asphalt, petrochemicals, and naphtha [6] - The company operates across multiple countries in Southeast Asia, East Asia, and the Middle East, establishing a strong presence in the region's oil trading markets [6] - Delixy leverages strong relationships with customers and suppliers, providing value-added services such as tailored trading strategies and logistical support [6]
Firan Technology Group Corporation (“FTG”) Announces Second Quarter 2025 Financial Results
Globenewswire· 2025-07-08 22:05
TORONTO, July 08, 2025 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) (OTCQX: FTGFF) today announced financial results for the second quarter 2025. Second Quarter Financial Highlights: Bookings: Total bookings reached $45.8 million for Q2Backlog: The quarter-end backlog stood at $133.5 million, a 9% rise from the previous year end.Revenue: Recorded at $48.7 million, a 25.6% increase over Q2 2024.Adjusted EBITDA: Achieved $8.7 million in the quarter, up from $6.5 million in Q2 2024.Net Ear ...
Highland Copper Announces Grant of Stock Options, Restricted Share Units and Deferred Share Units
Globenewswire· 2025-07-08 21:58
Group 1 - Highland Copper Company Inc. has approved the grant of 6,632,271 incentive stock options, 3,116,875 Restricted Share Units, and 1,973,684 Deferred Share Units to its directors, executive officers, and employees, subject to regulatory approval [1] - The stock options have an exercise price of CDN$0.095 per share and are exercisable for a period of up to five years, with vesting occurring in three phases [1] - The Restricted Share Units and Deferred Share Units will vest in three equal parts over three years [1] Group 2 - Highland Copper Company is focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. [2] - The company owns the Copperwood deposit through long-term mineral leases and holds a 34% interest in the White Pine North project via a joint venture [2] - Highland Copper has 736,363,619 common shares issued and outstanding, listed on the TSX Venture Exchange under the symbol "HI" and trading on the OTCQB under "HDRSF" [2]
Zig-Zag Launches New Premium Natural Leaf Cigar Line – Zig-Zag Woods
Globenewswire· 2025-07-08 21:53
Core Insights - Zig-Zag has launched a new premium natural leaf cigar line named Zig-Zag Woods, targeting convenience stores and smoke shops [1][6] - The product is designed to meet consumer preferences, with over 58% of consumers referring to rough-cut cigars as "woods" [2] - Zig-Zag Woods features a slow-burning, all-natural leaf wrap filled with premium rough-cut tobacco, offering a rich smoking experience [2][3] Product Offering - Zig-Zag Woods includes five flavor varieties: Natural, Silk & Berries, Sweet Aromatic, Crème Royale, and Velvet [10] - The cigars are competitively priced at $1.39 for two cigars, with packaging configurations of 15 pouches per carton and 24 cartons per case [10] - The product aims for high turnover and margins, appealing to both consumers and retailers [5][6] Market Position - The rough-cut cigar segment is strong, with over 300 million units sold annually, positioning Zig-Zag Woods to compete effectively [3] - Zig-Zag is a market leader in premium tobacco and smoking accessories, with a legacy of over 140 years [7] - The brand continues to innovate and adapt to consumer trends while maintaining product quality [7]
1847 Holdings Initiates Transition to OTCQB Market Following NYSE American Delisting Decision
Globenewswire· 2025-07-08 21:50
Core Viewpoint - 1847 Holdings LLC is transitioning its common shares to the OTCQB® Venture Market to enhance trading access and visibility for shareholders following a delisting from NYSE American [1][2]. Company Performance - The company reported a revenue growth of over 380% in Q1 2025, significant gross profit expansion, and meaningful debt reduction through strategic initiatives, including the divestiture of High Mountain Door & Trim Inc. for approximately $17 million [2]. - The company reaffirms its 2025 guidance with expected revenue exceeding $45 million and net income of approximately $1.3 million, and anticipates revenue surpassing $60 million with net income rising to approximately $5.0 million in 2026 [2]. Strategic Initiatives - The company aims to strengthen its financial performance and balance sheet by acquiring, enhancing, and monetizing undervalued businesses, which is part of its disciplined approach to value creation [2][4]. - Following the delisting from NYSE American, the company plans to reapply for listing on a national securities exchange at an appropriate time as it continues to execute its strategy [2]. Company Background - 1847 Holdings LLC is a diversified acquisition holding company that focuses on identifying overlooked, deep-value investment opportunities in middle market businesses [1][4]. - The company believes that capital market inefficiencies have left many small business stakeholders with limited exit options, allowing 1847 Holdings to acquire businesses at reasonable multiples of cash flow [4].
Collective Metals Announces Termination of Princeton Option Agreement
Globenewswire· 2025-07-08 21:44
Core Viewpoint - Collective Metals Inc. has terminated its option to acquire a 70% interest in the Princeton Project due to a detailed review of the property and current market conditions [1][2]. Company Overview - Collective Metals Inc. is a resource exploration company focused on precious metals exploration in North America [3]. Option Agreement Details - The terms of the Option Agreement were initially announced on May 10, 2023, and the decision to terminate was made after considering the current market conditions and commodity prices [2]. Future Plans - The company is currently conducting due diligence investigations on additional prospective mineral properties [2].
Carbon Done Right Provides Board of Directors Update
Globenewswire· 2025-07-08 21:27
Core Viewpoint - Carbon Done Right Developments Inc. is enhancing its board of directors to strengthen its focus on expanding carbon projects beyond its current nature-based solutions and tropical geographies [1] Group 1: Board Appointments - Yang Zhou has been appointed to the board, bringing over 18 years of experience in finance, ESG, and carbon markets [2] - The company is in the process of recruiting a second board member to further bolster its governance [1] Group 2: Board Changes - Neil Passmore and Abayomi Akinjide will step down from the board to concentrate on their corporate roles in the UK, with Passmore remaining as a consultant for operations in South America [3] Group 3: Company Overview - Carbon Done Right is a provider of high-quality carbon credits from afforestation and reforestation projects, aiming to meet the growing demand for carbon credits from companies pursuing Net Zero goals [4] - The company invests in the restoration and management of ecosystems to enhance greenhouse gas sequestration and has a robust pipeline of carbon credit projects [4]
Teck to Release Second Quarter 2025 Results on July 24, 2025
Globenewswire· 2025-07-08 21:16
Group 1 - Teck Resources Limited will release its second quarter 2025 earnings results on July 24, 2025, before market open [1] - A webcast to review the earnings results will take place at 8:00 a.m. PT / 11:00 a.m. ET on the same day [1] - Investors and analysts can participate in a Q&A session via a dial-in number or by pre-registering for the call [1] Group 2 - Teck is a leading Canadian resource company focused on providing essential metals for economic development and energy transition [2] - The company has a portfolio of world-class copper and zinc operations across North and South America, along with a strong copper growth pipeline [2] - Teck is committed to responsible growth and building resilience based on stakeholder trust [2]