Workflow
Abacus Global Management Responds to False Short Report – Revenues Consistent with 20-Year Track Record
Globenewswire· 2025-06-04 19:48
ORLANDO, Fla., June 04, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leader in the alternative asset management space, today provided the following response to a false and misleading short attack. Abacus has been buying and selling life insurance policies for over two decades with long-standing and trusted counter-party relationships. If Abacus used flawed data causing over-valuation of the underlying insurance product assets, the Company would be goin ...
ALPHAMIN ADVISED OF AGREEMENT BY MAJOR SHAREHOLDER FOR SALE OF MAJORITY INTEREST IN THE COMPANY
Globenewswire· 2025-06-04 19:29
Group 1 - Alphamin Resources Corp. announced that its majority shareholder, Tremont Master Holdings, has entered into a definitive agreement to sell 718,990,967 common shares, representing approximately 56% of the outstanding shares, to International Resource Holding at a price of C$0.70 per share, totaling C$503,293,677 (US$367,001,749) [1][2] - The transaction is subject to certain completion adjustments that may decrease the total consideration and is contingent upon receiving all regulatory and internal corporate approvals [2] - The board of directors of Alphamin is currently evaluating the impact of the proposed transaction on the company [3]
Tallinn District Court decision in the criminal case related to the former board members of Tallinna Sadam
Globenewswire· 2025-06-04 18:50
In June 2024 Harju County Court terminated the criminal proceedings towards former member of the management board of AS Tallinna Sadam (hereinafter: “Tallinna Sadam”) Ain Kaljurand, Allan Kiil and other defendants due to expiration of the limitation period for the criminal case, released the properties from seizure and partially ordered procedure expenses. The county court agreed that the defendants had participated in corrupt agreements but considered them to be cases of private sector corruption, in which ...
Increase in the price of the public buyout Offer followed by a squeeze-out on Believe’s shares filed by Upbeat BidCo.
Globenewswire· 2025-06-04 18:45
Increase in the price of the public buyout Offer followed by a squeeze-out on Believe’s shares filed by Upbeat BidCo. Favorable reasoned opinion of Believe’s Board of Directors on the proposed Offer, based on the recommendation of its Ad Hoc Committee and the report of the independent expert. Upbeat BidCo has decided to increase the price of its Offer to 17.20 euros per share, reflecting premiums of +12.6%, +13.1%, +17.5% and +17.6% respectively compared to the volume-weighted average prices over the last ...
Launch of a capital increase with preferential subscription rights for nearly 5 million euros
Globenewswire· 2025-06-04 18:22
Group 1 - CROSSJECT is launching a capital increase with preferential subscription rights for an initial total amount of approximately €4.98 million, which may increase to €5.73 million if the extension clause is exercised [3][4][9] - The company aims to use around 60% of the net proceeds for the final development phases of ZEPIZURE® and the initial production stages, while approximately 40% will be allocated to R&D for other projects and general expenses [5][6] - CROSSJECT is on track to submit an Emergency Use Authorization (EUA) application to the FDA and expects to finalize production of validation batches in June 2025 [4][7] Group 2 - The subscription price for the new shares is set at €1.40, representing a 22.6% discount to the closing price on June 3, 2025 [9][16] - Existing shareholders and Vatel Capital have committed to subscribe for approximately €3.7 million, representing 76.4% of the transaction [9][36] - The subscription period is from June 12, 2025, to June 20, 2025, with preferential subscription rights detached on June 10, 2025 [18][24][30] Group 3 - The capital increase will involve the issuance of approximately 3,556,199 new shares, which may increase to 4,089,628 shares if the extension clause is fully exercised [13][15] - The company estimates that the net working capital will be sufficient to meet obligations until the end of 2025, assuming first payments from its American partner [7] - CROSSJECT's share capital currently comprises 46,230,596 fully subscribed shares, with a par value of €0.1 each [12]
Publicis Groupe SA successfully prices EUR 1.25 billion of bond issue
Globenewswire· 2025-06-04 18:18
Core Viewpoint - Publicis Groupe SA has successfully priced a bond issue amounting to EUR 1.25 billion, structured in two tranches with maturities of four and seven years, aimed at general corporate purposes [2][3]. Group 1: Bond Issue Details - The bond issue consists of two tranches: €600 million due in June 2029 with a fixed interest rate of 2.875% and €650 million due in June 2032 with a fixed interest rate of 3.375% [10]. - The issuance is conducted under Publicis Groupe SA's Euro Medium Term Note Program dated May 16, 2025 [3]. Group 2: Use of Proceeds - The net proceeds from the bond offering will be utilized for general corporate purposes [3]. Group 3: Transaction Management - The transaction is led by BNP Paribas, BofA Securities, and Citi as Global Coordinators, with CIC, HSBC, Lloyds, Santander CIB, and Standard Chartered Bank AG serving as Joint Lead Managers [3]. Group 4: Company Overview - Publicis Groupe is a global leader in communication, involved in marketing transformation and digital business transformation, with a presence in over 100 countries and employing around 108,000 professionals [16].
Almadex Acquires Ruby Hill Silver-Gold Exploration Project by Staking, Surface Sampling returns 992 g/t Silver
Globenewswire· 2025-06-04 18:14
Core Viewpoint - Almadex Minerals Ltd. has acquired a 100% interest in the Ruby Hill early-stage exploration project in central Nevada, identified through its regional exploration program in the western USA [1] Group 1: Project Details - The Ruby Hill project features significant areas of argillic alteration and silicification within rhyolite volcanics, with historic mine workings indicating previous exploration efforts [2] - Preliminary sampling results are promising, with 12 out of 59 grab rock samples returning over 25 g/t silver, and 7 samples exceeding 100 g/t silver, with a maximum of 992 g/t silver and an average of 45 g/t silver [2] - Gold values are also notable, with 17 samples returning over 0.1 g/t gold, peaking at 0.94 g/t gold and averaging 0.10 g/t gold across all samples [2] Group 2: Geophysical Survey and Future Plans - A geophysical survey identified a significant chargeability anomaly, interpreted as a potential zone of alteration and sulphide development extending to depth [3] - The company plans follow-up prospecting, sampling, and geological mapping to target future drilling efforts based on the high IP chargeability area [3][4] Group 3: Company Overview - Almadex Minerals Ltd. holds a diverse mineral portfolio across Canada, the U.S., and Mexico, supported by in-house exploration capabilities and drilling equipment [8] - The company emphasizes its experience in porphyry lithocap exploration and aims to advance its projects in 2025, expecting it to be a significant year for growth [4][8]
Spirit Blockchain Capital Announces Shares for Services Transaction
Globenewswire· 2025-06-04 18:04
Not for dissemination in the United States or for distribution to U.S. wire servicesVancouver, June 04, 2025 (GLOBE NEWSWIRE) -- Spirit Blockchain Capital (“SBC” or the “Company”) (CSE: SPIR), is pleased to announce that it seeks to settle an aggregate of $50,000 owing to an arm’s length consultant of the Company for services rendered pursuant to an advisory agreement (the “Settlement”) by the issuance of an aggregate of ‎810,417 common shares in the capital of the Company (each a “Common Share”) . An aggre ...
RYTHM Premium Cannabis Brings Back The Miracle in Mundelein for a Third Year with Legal On-Site Cannabis Consumption and a Star-Studded Lineup
Globenewswire· 2025-06-04 18:00
Damian "Jr. Gong" Marley, De La Soul, Umphrey’s McGee, Dark Star Orchestra and more are scheduled to headline the two-day eventGeneral admission and VIP ticket sales will be available on Friday, June 6 at 12:00 pm CST at www.themiracleconcert.comThe event is strictly for individuals aged 21+, with cannabis purchase available in-store at RISE Dispensary Mundelein and hemp-derived THC products and beverages for sale on festival grounds CHICAGO and VANCOUVER, British Columbia, June 04, 2025 (GLOBE NEWSWIRE) - ...
Federal Life Insurance Company Announces Acquisition of Texas Service Life Insurance Company, Signaling a New Era in Preneed Insurance
Globenewswire· 2025-06-04 17:22
Core Insights - Federal Life Insurance Company has acquired Texas Service Life Insurance Company, enhancing its position in the preneed insurance market and demonstrating a commitment to growth and innovative solutions for families [1][3] - The acquisition is seen as a strategic move to address an underserved market, with Federal Life aiming to redefine how families prepare for the future through exceptional service and innovative preplanning opportunities [3][4] - Federal Life holds an A- (Excellent) rating from AM Best and is backed by Bain Capital, indicating a strong financial foundation for future growth in the preneed insurance sector [2] Company Overview - Federal Life Insurance Company focuses on innovative insurance solutions that protect individuals and families throughout their lives, emphasizing financial strength and stability [5] - Texas Service Life Insurance Company has been operational since 1985, known for its reliability and strong financial foundation in the insurance industry [6] Leadership and Strategy - Knut Olson, CEO of Federal Life, emphasizes the importance of preneed insurance as a vital product for families and the company's readiness to drive industry change [3] - George Wise has been appointed as President of Texas Service Life, tasked with leading a national expansion strategy that prioritizes accessibility and financial security for families [3][4]