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Bimergen Energy Anticipates Uplist to the NYSE American Stock Exchange with Concurrent Offering Next Week
Globenewswire· 2025-12-11 01:25
Core Viewpoint - Bimergen Energy Corporation has received approval for its common stock to be listed on the NYSE American, with trading expected to commence on or about December 18, 2025 [1] Group 1: Company Overview - Bimergen Energy Corporation is a U.S.-based independent power producer specializing in the development, ownership, and operation of standalone battery energy storage systems (BESS) [5] - The company focuses on utility-scale and distributed storage projects aimed at enhancing grid reliability, renewable integration, and providing flexible energy solutions [5] - Bimergen manages the entire project lifecycle, including site selection, permitting, engineering, procurement, construction, and operations, with a portfolio that spans multiple power markets across the United States [5] Group 2: Stock Listing and Offering - In connection with the uplisting to NYSE American, Bimergen is conducting a concurrent offering of its securities, pending market conditions and regulatory approval [2] - Bimergen's common stock will continue to trade on the OTC Markets' OTCQB until the market closes on or about December 17, 2025, after which trading on the OTCQB will terminate [3] - Stockholders do not need to take any action prior to the listing of Bimergen's shares on the NYSE American [3]
UPDATE -- Figure brings $YLDS to Solana, unlocking real RWA utility for DeFi
Globenewswire· 2025-12-10 23:16
$YLDS will deliver fiat on/off ramp capabilities and a yielding stablecoin to the Solana ecosystem and sets the stage for Solana-native Figure RWA applicationsNEW YORK, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Figure Technology Solutions, Inc. (Nasdaq: FIGR) today announced that its subsidiary, Figure Certificate Company (FCC), intends to begin minting $YLDS, a registered public debt security, natively on Solana. $YLDS is a security-version of stablecoin, designed to maintain a fixed dollar price and provide a con ...
TWG Announces Closing of $5.04 million Public Offering
Globenewswire· 2025-12-10 23:10
Hong Kong, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Top Wealth Group Holding Limited (NASDAQ: TWG)(“Top Wealth” or the “Company”), a leading supplier of premium-class sturgeon caviar and fine winery products, today announced the closing of a best-efforts public offering of 720,000 units (each a “Unit”), consisting of one Class A ordinary share of the Company, par value $0.009 per share (the “Class A Ordinary Shares”), one Series A Class A Warrant (the “Series A Class A Warrant”) and one Series B Class A Warrant (t ...
Ovanti Teases US Launch of Flote: A Credit Score Agnostic Alternative to Buy Now Pay Later
Globenewswire· 2025-12-10 23:03
DENVER, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Ovanti US Inc, a subsidiary of Ovanti Limited (ASX: OVT), announced the upcoming United States launch of Flote. Flote uses verified income and real cashflow insights rather than credit scores to determine eligibility for deferred payments. Flote allows shoppers to pay over time with no interest, no hidden fees and no revolving balances. The product is built for debit first households who are typically left without safe flexibility at checkout because financial ident ...
Gran Tierra Energy Inc. Announces 2026 Guidance and Operations Update
Globenewswire· 2025-12-10 23:01
Core Viewpoint - Gran Tierra Energy Inc. has announced its 2026 capital budget, production guidance, and operational updates, focusing on generating free cash flow and maximizing the value of its diversified portfolio following the completion of exploration commitments in Ecuador [1][2][3]. 2026 Capital Budget and Production Guidance - The 2026 capital budget is designed to support high-return, quick-payout development projects across South America and Canada, with a production target of approximately 42,000 to 47,000 barrels of oil equivalent per day (boepd) [5][6]. - The budget includes various scenarios for Brent and WTI oil prices, with Brent projected at $55 to $75 per barrel and WTI at $51 to $71 per barrel [5]. Financial Projections - The company anticipates operating netback ranging from $245 million to $465 million, EBITDA between $220 million and $415 million, and cash flow of $130 million to $290 million, depending on the price scenarios [5]. - Free cash flow is targeted at $10 million to $140 million, with a focus on achieving $60 million to $80 million in the base case [6][5]. Debt Management - Gran Tierra plans to address the $180 million amortization of its 2029 notes due in October 2026, supported by strong liquidity and a resilient cash-generating asset base [3][6]. - The company has repurchased $20 million of its 2029 notes, reducing the outstanding balance to $718 million [6]. Operational Updates - The successful acquisition of the Perico and Espejo blocks in Ecuador is expected to enhance the company's portfolio and operational synergies, with production in Ecuador projected to reach approximately 8,500 to 9,500 bopd by the end of 2025 [4][9]. - Current corporate production is estimated at 48,000 to 49,000 boepd, with ongoing development programs in Colombia and Ecuador [4][6]. Strategic Focus - Gran Tierra is transitioning its Ecuador program from exploration to appraisal and development, aiming to maximize free cash flow while integrating recent discoveries into its growth strategy [6][8]. - The company is implementing structural cost-saving initiatives to improve operational efficiency and reduce costs across its portfolio [6].
GlobalFoundries Appoints Sam Franklin as Chief Financial Officer
Globenewswire· 2025-12-10 22:30
Franklin’s proven financial leadership and strategic expertise will support GF’s continued growth and profitabilityMALTA, N.Y., Dec. 10, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries (GF) today announced that its Board of Directors has appointed Sam Franklin as Chief Financial Officer, effective immediately. Mr. Franklin previously served as Senior Vice President of Business Finance & Operations and Investor Relations and recently Interim CFO. “We are delighted to have Sam formally appointed as CFO,” said Tim Br ...
NOV Announces Sale of Advanced Nuclear Development Company Shepherd Power to Natura Resources in Stock for Stock Transaction
Globenewswire· 2025-12-10 22:28
NOV becomes investor in Natura Resources (“Natura”) and appoints representative to Natura’s Board of Directors in conjunction with the sale of Shepherd PowerNOV and Natura sign Memorandum of Understanding (“MOU”) to establish a supply chain agreement where NOV will leverage its manufacturing, supply chain, and project management expertise to support scaling advanced nuclear power solutions HOUSTON, Dec. 10, 2025 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE: NOV) today announced the sale of Shepherd Power, its advance ...
Statement from Beneficient Regarding the Passing of Thomas O. Hicks
Globenewswire· 2025-12-10 22:15
DALLAS, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) (the “Company”) is deeply saddened to announce the passing of Thomas O. Hicks, Chairman of its Board of Directors (the “Board”), on Saturday, December 6, 2025, at the age of 79. Mr. Hicks was a legendary figure in American business, a pioneer in private equity, and a dedicated leader who brought extraordinary vision, discipline, and experience to Beneficient. A Private Equity Pioneer: Mr. Hicks co-founded Hicks & Haas in 1984 and Hicks, Mu ...
Transcontinental Inc. Announces Results for the Fourth Quarter and Fiscal Year 2025
Globenewswire· 2025-12-10 22:01
Highlights Revenues of $732.4 million for the quarter ended October 26, 2025; operating earnings of $66.9 million; and net earnings attributable to shareholders of the Corporation of $42.9 million ($0.51 per share).Adjusted operating earnings before depreciation and amortization(1) of $137.6 million for the quarter ended October 26, 2025; adjusted operating earnings(1) of $100.6 million; and adjusted net earnings attributable to shareholders of the Corporation(1) of $68.6 million ($0.82 per share).Revenues ...
SPAR Group, Inc. Appoints Steven Hennen as New Chief Financial Officer
Globenewswire· 2025-12-10 22:00
Core Insights - SPAR Group, Inc. has appointed Mr. Steven Hennen as the new Chief Financial Officer effective December 8, 2025, succeeding Antonio Calisto Pato [1] - Hennen brings over 25 years of financial and operational leadership experience, having previously served as President and CFO of Baker & Taylor LLC and held senior roles at Red Ventures and other companies [2] - The transition aims to enhance SPAR's financial capabilities and support its growth strategy [2][3] Company Overview - SPAR Group is an innovative services company providing merchandising, marketing, and distribution solutions to retailers and brands in the U.S. and Canada [4] - The company focuses on improving brand experiences and transforming retail spaces through a unique combination of scale and flexibility [4]