Bitcoin Depot Eliminates Up-C Corporate Structure
Globenewswire· 2025-05-30 12:00
Core Viewpoint - Bitcoin Depot Inc. has simplified its organizational and capital structure by eliminating its Up-C Restructuring, which is expected to reduce compliance complexity and lower cash tax burdens. Group 1: Corporate Structure Changes - The Up-C Restructuring involved the merger of BT Assets, Inc. with a subsidiary of Bitcoin Depot, resulting in the issuance of 41,193,024 shares of Class M common stock to the founder and CEO, Brandon Mintz [2] - Following the restructuring, all Class V Common Stock held by BT Assets has been cancelled, and Mintz now holds a total of 41,193,024 shares of Class M Common Stock and 142,973 shares of Class A Common Stock [3] Group 2: Benefits of Simplification - Post-transaction, Bitcoin Depot wholly owns its principal operating subsidiaries, which is expected to enhance stock liquidity, facilitate acquisitions, and provide a clearer corporate profile [4] - The restructuring extinguishes a $2.2 million Tax Receivable Agreement liability and is projected to reduce the company's cash tax rate by approximately 12 percentage points, along with lowering professional services costs related to tax, accounting, and legal matters [5] Group 3: Company Overview - Bitcoin Depot, founded in 2016, operates Bitcoin ATMs and provides services to convert cash into Bitcoin, with over 8,400 kiosk locations across North America as of February 25, 2025 [6]
AYR Announces Delay of Q1 2024 Financial Statements and MD&A, Expected Cease Trade Order and Strategic Review Process
Globenewswire· 2025-05-30 12:00
MIAMI, May 30, 2025 (GLOBE NEWSWIRE) -- AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, announces that it will be unable to meet the deadline of May 30, 2025 (the “Filing Deadline”) to file its interim financial report and accompanying management’s discussion and analysis and related CEO and CFO certificates for the three month period ended March 31, 2025 (collectively, the “Interim Filings”) as required under appli ...
AXIL Brands, Inc. Receives Prestigious Features in Leading Military Publications
Globenewswire· 2025-05-30 12:00
AXIL’s cutting-edge hearing solutions draw acclaim for innovation and performanceLOS ANGELES, May 30, 2025 (GLOBE NEWSWIRE) -- AXIL Brands, Inc. (“AXIL” or the “Company”)(NYSE American: AXIL), a leader in innovative hearing protection, hearing enhancement, and wireless technology, is proud to announce its recent recognition in esteemed military and technology media outlets. Renowned publications including Military Times, Marine Corps Times, Air Force Times and Navy Times spotlighted AXIL’s groundbreaking pr ...
Australian Oilseeds Announces Third Quarter Fiscal 2025 Financial Results
Globenewswire· 2025-05-30 12:00
Core Insights - Australian Oilseeds Holdings Limited reported strong year-over-year growth in Q3 fiscal 2025, driven by the retail category and an expanded distribution network [2][3] - The company is committed to eliminating chemicals from edible oil production and believes it is well-positioned for significant long-term growth [3] Financial Performance - Sales revenue increased by 49.8% to A$9.4 million, attributed to broad-based growth across retail, wholesale, and high protein meal categories [5] - Retail oil revenue surged by 69.4% to A$4.7 million, reflecting expanded distribution at leading retailers and the addition of new SKUs [5] - The company reported a net loss of A$0.6 million, a decline from a net income of A$41 thousand, due to changes in sales mix and increased costs [5] Company Overview - Australian Oilseeds Holdings Limited focuses on the manufacture and sale of sustainable oilseeds and is committed to sourcing materials that reduce chemical use [3] - The company operates the largest cold pressing oil plant in Australia, processing strictly GMO-free conventional and organic oilseeds [3]
Announced at Kaltura Connect on the Road 2025: Salesforce, Bloomberg, Wells Fargo, EY, IBM, and Adobe are Among the Winners of this year's Kaltura Digital Engagement Awards
GlobeNewswire News Room· 2025-05-30 12:00
New York, May 30, 2025 (GLOBE NEWSWIRE) -- Kaltura (Nasdaq: KLTR), the AI Video Experience Cloud, today announced the recipients of the 2025 Kaltura Digital Engagement Awards. The awards were presented at the annual Kaltura Connect on the Road event series, which brought together hundreds of leaders from Marketing, Communications, and Enterprise Media to share how they’re driving AI-powered transformation within their organizations. The honorees of the awards included leading brands such as Oracle, SAP, JP ...
America's Car-Mart, Inc. Completes $216 Million Term Securitization
GlobeNewswire News Room· 2025-05-30 12:00
ROGERS, Ark., May 30, 2025 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (“we,” “Car-Mart” or the “Company”), announced today that it has completed a term securitization transaction involving the issuance of $216 million in principal amount of asset-backed notes with an overall weighted average coupon of 6.27%. ACM Auto Trust 2025-2 issued $165.18 million of Class A Notes and $50.82 million of Class B Notes. The Class A Notes have a coupon rate of 5.55% and the Class B Notes have a coupon rate ...
ALX Oncology to Present at the Jefferies 2025 Global Healthcare Conference
Globenewswire· 2025-05-30 12:00
SOUTH SAN FRANCISCO, Calif., May 30, 2025 (GLOBE NEWSWIRE) -- ALX Oncology Holdings Inc., ("ALX Oncology" or the "Company") (Nasdaq: ALXO), a clinical-stage biotechnology company advancing a pipeline of novel therapies designed to treat cancer and extend patients’ lives, today announced that management will participate in the Jefferies 2025 Global Healthcare Conference. Details are as follows: Format: Fireside Chat Date: Thursday, June 5, 2025Time: 1:25 PM ETLocation: New York, NYWebcast link: Available her ...
CORRECTION: VivoPower Announces XRP-Focused Digital Asset Treasury Strategy and US$121 Million Private Placement Priced at US$6.05 Per Share, Above Last Market Closing Price Under NASDAQ Rules
Globenewswire· 2025-05-30 11:36
Company Overview - VivoPower International PLC is transforming into the world's first XRP-focused digital asset enterprise, focusing on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy [2] - The company operates globally, with a presence in the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia, and is recognized as an award-winning global sustainable energy solutions B Corporation [3] Business Units - VivoPower has two main business units: Tembo and Caret Digital. Tembo focuses on electric solutions for customized fleet applications and ancillary services such as financing, charging, battery, and microgrids [3] - Caret Digital is dedicated to maximizing the use cases for renewable power, including digital asset mining [3] Recent Developments - VivoPower announced a US$121 million private placement priced at US$6.05 per share, which is above the last market closing price, as part of its new strategic direction [1]
TG Therapeutics Announces Data Presentations for BRIUMVI in Multiple Sclerosis at the 2025 Consortium of Multiple Sclerosis Centers Annual Meeting
Globenewswire· 2025-05-30 11:30
NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) -- TG Therapeutics, Inc. (NASDAQ: TGTX), today announced the presentations of data highlighting BRIUMVI® (ublituximab-xiiy) in patients with relapsing forms of multiple sclerosis (RMS), at the 2025 Consortium of Multiple Sclerosis Centers (CMSC) annual meeting. Links to each presentation are included below. “We were pleased to present three encore presentations yesterday during the CMSC conference. We continue to be impressed by the BRIUMVI data and look forward to co ...
Sparton Announces Closing of Sale of a 25 Per Cent Interest in Bruell Gold Project Claims, Quebec
Globenewswire· 2025-05-30 11:30
TORONTO, May 30, 2025 (GLOBE NEWSWIRE) -- Sparton Resources Inc. (SRI: TSX-V) (the “Company”) is pleased to announce that the Company and Eldorado Gold Corporation (“Eldorado”) have closed an agreement, effective May 29, 2025, whereunder Eldorado acquired the Company’s remaining 25% interest in the Bruell Gold Project 51 claim property in Vauquelin township, Quebec. (The Company and Eldorado are referred to jointly herein as “the Parties”.) All dollar figures stated are in Canadian Dollars. The Option Agree ...