NEWMARKET, Ontario, Feb. 20, 2026 (GLOBE NEWSWIRE) -- AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF) (the “Company” or “AirBoss”) today announced that it will release its fourth quarter and unaudited full year 2025 results after markets close on March 4, 2026. The release will be followed by a conference call to discuss the results on Thursday, March 5, 2026, at 9:00 am ET. The Company will file its audited annual consolidated financial statements and related management’s discussion and analysis for the ...

Core Viewpoint - iPower Inc. reported a strategic transition in its operations, focusing on supply chain restructuring and a shift to U.S.-based sourcing, which temporarily impacted revenue but is expected to enhance long-term operational stability and margin durability [3][4][9]. Financial Performance - Revenue for the fiscal second quarter ended December 31, 2025, was $7.1 million, a decline from $19.1 million in the same quarter of the previous year, primarily due to the supply chain restructuring [1][18]. - Gross profit was $3.1 million, with a stable gross margin of 44.0%, indicating that core supply chain economics remained intact despite lower revenue [1][5]. - Total operating expenses decreased by 28% year-over-year to $5.6 million, attributed to personnel reductions and tighter expense controls [1][5]. - The net loss attributable to iPower was $1.2 million, or $(1.08) per share, reflecting the impact of lower revenue during the transition period [1][6]. Strategic Initiatives - In December 2025, iPower implemented a Digital Asset Treasury strategy with an institutional investor, raising $6.5 million from a convertible note offering [2]. - The company divested Global Product Marketing Inc. for approximately $2.3 million, which is expected to lower future operating costs significantly [2][8]. - A $2 million share repurchase program was authorized, reflecting management's confidence in the company's financial position and long-term value [2][10]. Operational Changes - The restructuring involved reducing purchase volumes from legacy international vendors and transitioning to a predominantly U.S.-based sourcing model, aimed at improving supply chain transparency and reducing risks [4][9]. - The divestiture of GPM is seen as a pivotal move to streamline operations and reduce structural costs while retaining core supply chain and infrastructure assets [8][9]. Balance Sheet Highlights - As of December 31, 2025, the company reported $2.0 million in cash and cash equivalents, $2.2 million in restricted cash, and approximately $2.2 million in digital assets, with total debt around $8.4 million [1][7]. - Short-term debt decreased to $2.6 million from $3.7 million as of June 30, 2025, indicating a reduction in traditional borrowings [7].

Core Viewpoint - Parex Resources Inc. has nominated six independent director candidates for election to GeoPark Limited's Board of Directors, aiming to maximize shareholder value ahead of the 2026 Annual Meeting of Shareholders [1][2]. Group 1: Nominations and Objectives - Parex, holding an approximate 11.8% stake in GeoPark, believes that nominating independent directors will ensure that all options for maximizing shareholder value are evaluated [1][2]. - The nominations are in accordance with GeoPark's advance notice bylaw and follow Parex's previous proposal to acquire GeoPark in late 2025 [2]. Group 2: Director Nominees - The nominated candidates include: - Jim Davidson, former co-founder and CEO of FirstEnergy Capital Corp [5][7]. - David French, former Partner at McKinsey & Company and former CEO of Obsidian Energy and Bankers Petroleum [6][7]. - Matthew Rees, former CEO of Vesta Energy [10][15]. - Michael Stewart, former Director at TC Energy and Bonterra Energy [11][15]. - Walter Vrataric, current VP at Woodcote Oil & Gas and former CEO of Chinook Energy [12][15]. - Ian Weatherdon, former CFO of Gulf Keystone Petroleum [13][15]. Group 3: Experience and Qualifications of Nominees - Jim Davidson has over 30 years of experience in the energy sector and has been recognized with multiple awards, including a Lifetime Achievement Award by the Oil & Gas Council [8]. - David French has over 30 years of experience in oil & gas and advisory sectors, holding an MBA from Harvard Business School [6][9]. - Matthew Rees has over 25 years of experience in the energy sector, with significant roles in Latin America [15]. - Michael Stewart has over 50 years of experience serving on boards of public companies [15]. - Walter Vrataric has more than 30 years of experience in the energy sector, currently serving as VP at Woodcote Oil & Gas [15]. - Ian Weatherdon has over 35 years of international oil & gas experience, including roles in CFO positions [15]. Group 4: Advisory and Legal Support - Parex has engaged Scotiabank as its financial advisor and several law firms for legal counsel, including Paul, Weiss, Rifkind, Wharton & Garrison LLP and Norton Rose Fulbright Canada LLP [4].

Core Viewpoint - Founder Group Limited has received a notification from Nasdaq indicating non-compliance with listing requirements due to insufficient publicly held shares, but this does not immediately affect trading [1][2]. Group 1: Company Compliance and Nasdaq Notification - The Company was notified on February 17, 2026, that it no longer meets the minimum requirement of 500,000 publicly held shares under Nasdaq Listing Rule 5550(a)(4) [1]. - The Company has until April 3, 2026, to submit a plan to Nasdaq to regain compliance with listing requirements [2]. Group 2: Company Overview - Founder Group Limited specializes in end-to-end Engineering, Procurement, Construction, and Commissioning (EPCC) solutions for solar photovoltaic (PV) facilities in Malaysia [3]. - The Company focuses on large-scale solar projects and commercial and industrial (C&I) solar projects, aiming to promote eco-friendly resources and achieve carbon neutrality [3].

Core Insights - Xanadu Quantum Technologies Inc. is hosting an Analyst Day on March 4, 2026, to discuss its current position, corporate strategy, and scaling approach for its photonic quantum platform [1][3]. Company Overview - Xanadu is a Canadian quantum computing company founded in 2016, focused on building accessible quantum computers and leading the development of PennyLane, an open-source software library for quantum computing [4]. Business Combination - Xanadu has entered into a definitive business combination agreement with Crane Harbor Acquisition Corp., a special purpose acquisition company, expected to close in Q1 2026 [3][5]. - The combined entity, Xanadu Quantum Technologies Limited, is projected to have approximately US$500 million in gross proceeds, including US$225 million from Crane Harbor's trust account and US$275 million from strategic and institutional investors [5]. Event Details - The Analyst Day will be held at 9:00 am ET, and a live webcast will be available [2][3].

Core Viewpoint - Abony Acquisition Corp. I successfully closed its initial public offering (IPO) of 23,000,000 units at a price of $10.00 per unit, including an over-allotment of 3,000,000 units, with each unit comprising one Class A ordinary share and one-third of a redeemable warrant [1][2] Group 1: IPO Details - The units began trading on the Nasdaq under the ticker symbol "AACOU" on February 19, 2026, with plans for separate trading of Class A ordinary shares and warrants under the symbols "AACO" and "AACOW" respectively [2] - The IPO generated gross proceeds of $230,000,000, which was placed in trust, with each unit sold in the public offering priced at $10.00 [3][4] Group 2: Private Placement - Concurrently, the company closed a private placement of 695,000 units at $10.00 per unit, resulting in gross proceeds of $6,950,000, with Abony Sponsor I LLC purchasing 465,000 units and BTIG, LLC purchasing 230,000 units [3] - Each private placement unit also consists of one Class A ordinary share and one-third of a redeemable warrant, similar to the public offering [3] Group 3: Business Strategy - Abony Acquisition Corp. I is a blank check company aiming to effect a business combination with one or more businesses, focusing on targets with an enterprise value of approximately $750 million to $1.5 billion, particularly in sectors like defense technology, advanced computing, software, and media [5]

Core Viewpoint - Electra Battery Materials Corporation has increased its At the Market Offering Program to allow for the sale of common shares totaling up to US$25,000,000, which will be used for working capital and general corporate purposes, including the commissioning of its cobalt sulfate refinery in Ontario, Canada [1][4]. Group 1: Offering Details - The At the Market Offering Program allows Electra to sell common shares at its discretion through H.C. Wainwright & Co., LLC [1]. - The total offering amount includes US$5,500,000 previously sold under the same agreement [1]. - The offering is registered under the Securities Act of 1933 and was declared effective by the SEC on December 11, 2025 [2]. Group 2: Sales Mechanism - Sales of common shares will occur as "at-the-market offerings" on the Nasdaq Capital Market, with prices varying based on market conditions at the time of sale [3]. - No shares will be sold on the TSX Venture Exchange or any other Canadian trading market [3]. Group 3: Use of Proceeds - The net proceeds from the ATM will primarily be allocated for working capital and general corporate purposes, particularly for the commissioning of the cobalt sulfate refinery [4]. - The company believes its existing cash and liquidity sources will be sufficient to fund the refinery's planned mechanical completion, although these plans may change [4]. Group 4: Company Overview - Electra is focused on advancing North America's critical minerals supply chain for lithium-ion batteries, particularly through the development of its cobalt sulfate refinery [6]. - The company's strategy includes nickel refining and battery recycling, with growth projects in black mass recycling and cobalt production opportunities in Quebec [6].

Core Insights - 22nd Century Group, Inc. ended 2025 with $7.1 million in cash and is debt-free, which supports its transition to growth [1][5] - The company is focusing on the commercial expansion of its VLN brand, which is expected to drive a shift towards higher-margin proprietary branded products [1][3] Preliminary Financial Results - The company anticipates fourth quarter 2025 net revenues of approximately $3.6 million, down from $4.0 million in the third quarter of 2025 [5] - For the full year 2025, net revenues are expected to be around $17.6 million, a decrease from $24.4 million in 2024 [5] - Total cartons shipped in the fourth quarter 2025 were approximately 0.3 million, compared to 0.5 million in the third quarter of 2025 [5] - The expected gross loss for the fourth quarter 2025 is approximately $0.8 million, an improvement from $1.1 million in the third quarter [5] - The expected operating loss for 2025 is $11.6 million, down from $14.0 million in 2024 [5] - Cash and equivalents at year-end were $7.1 million, with zero long-term debt after extinguishing remaining senior secured debt in 2025 [5] Strategic Focus - The company aims to expand VLN product distribution and consumer awareness while maintaining disciplined cost management and capital allocation [3] - The groundwork for growth is being laid following the fourth quarter launch of VLN and Partner VLN brands [3] - The company remains engaged with the FDA and public health stakeholders to drive health and wellness initiatives for smokers [3]

Core Viewpoint - Savara Inc. has announced that the FDA has filed for review the Biologics License Application (BLA) for MOLBREEVI, aimed at treating patients with autoimmune pulmonary alveolar proteinosis (PAP), marking a significant milestone for the company and the autoimmune PAP community [1] Group 1 - The FDA has granted Priority Review for the BLA, with a Prescription Drug User Fee Act (PDUFA) action date set for August 22, 2026 [1] - The filing of the BLA is seen as a step closer to potential approval for a new therapy in the treatment of autoimmune PAP [1]

New York, NY, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Averin Capital Acquisition Corp. (the “Company”) announced today the closing of its initial public offering of 25,000,000 units. The offering was priced at $10.00 per unit, resulting in gross proceeds of $250,000,000. The Company’s units began trading on February 19, 2026 on the Nasdaq Global Stock Market LLC (“Nasdaq”) under the ticker symbol “ACAAU.” Each unit consists of one Class A ordinary share of the Company and one-sixth of one redeemable warrant, wit ...