Workflow
Brompton Split Banc Corp. Announces Successful Preferred Share Offering
Globenewswire· 2025-12-03 19:55
Not for distribution to U.S. newswire services or for dissemination in the United States. TORONTO, Dec. 03, 2025 (GLOBE NEWSWIRE) -- (TSX: SBC, SBC.PR.A) Brompton Split Banc Corp. (the “Fund”) is pleased to announce a successful offering of preferred shares (“Preferred Shares”). Gross proceeds of the offering are expected to be approximately $38.2 million. The offering is expected to close on or about December 10, 2025 and is subject to certain closing conditions. The Company has granted the Agents (as def ...
SSCP Lager BidCo AB (publ) – Correction of interim report for third quarter 2025
Globenewswire· 2025-12-03 19:46
SSCP Lager BidCo AB (publ) – Correction of interim report for period 1 July – 30 September 2025. On 28 November 2025, SSCP Lager BidCo AB (publ) published its interim report for the third quarter of 2025, in which errors have been identified following publication. Today SSCP Lager BidCo AB (publ) has published an updated and corrected version of the interim report due to the reasons set out below. The updated and corrected report can be downloaded on www.logent.se or via the link below. No updates and corre ...
Delaware Supreme Court Affirms Court of Chancery's Dismissal of Claims Against IDT Related to Straight Path Communications Sale to Verizon
Globenewswire· 2025-12-03 19:27
NEWARK, NJ, Dec. 03, 2025 (GLOBE NEWSWIRE) -- IDT Corporation (NYSE: IDT), a global provider of fintech and communications services, commented on the decision issued today by the Delaware Supreme Court affirming the Court of Chancery’s post-trial decision dismissing all claims against IDT and finding no harm to Straight Path Communications Inc. (“Straight Path”) shareholders. “We are very pleased by today’s decision from the Delaware Supreme Court, which puts to rest this lawsuit by affirming the post-trial ...
Bel Announces Expected Impairment Charge Related to Innolectric Investment
Globenewswire· 2025-12-03 18:30
Core Viewpoint - Bel Fuse Inc. anticipates a pre-tax impairment charge of up to approximately $14 million related to its investment in Innolectric AG due to ongoing challenges in the e-Mobility market and Innolectric's insolvency proceedings [1][3][4] Investment Details - Bel acquired a noncontrolling one-third stake in Innolectric in February 2023, recognizing its potential in the e-Mobility sector driven by innovative power products and a strong intellectual property portfolio [2] - Despite Innolectric's strengths, factors such as market exits, reduced government incentives, and weaknesses in the global electric vehicle sector have led to operating losses and delayed sales [2][3] Financial Impact - The anticipated impairment charge reflects the full potential loss associated with the investment, including outstanding notes receivable from loans extended to Innolectric [3] - Bel recorded losses of $0.4 million for the nine months ended September 30, 2025, and $0.6 million for the year ended December 31, 2024, related to its minority interest in Innolectric [3] Strategic Decisions - Bel decided against acquiring the remaining two-thirds stake in Innolectric, considering the current market conditions, the time required to achieve breakeven, and other capital allocation priorities [4]
FERRARI N.V. SIGNS A NEW SYNDICATED REVOLVING CREDIT FACILITY
Globenewswire· 2025-12-03 18:28
Maranello (Italy), 3 December 2025 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) announces that it has signed a Euro 350 million unsecured committed revolving credit facility, intended for general corporate and working capital purposes (the “New RCF”). The New RCF, entered into with a group of twelve banks, has a five-year tenor with two further one-year extension options, exercisable on the first and second anniversary of the signing date on Ferrari’s request and on each bank’s approval for ...
THEON and Exosens announce extension of Long-Term Commercial Agreement for Image Intensifier Tube Supply for another 3 years until 2030
Globenewswire· 2025-12-03 18:07
Core Insights - Theon International Plc has extended its commercial agreement with Exosens for the supply of Image Intensifier Tubes (IITs) by an additional three years, now covering deliveries through to the end of 2030 [2][3] - This extension is expected to secure a higher annual supply of IITs to meet the increasing demand for Night Vision systems across Europe, MENA, and APAC regions [3][4] - The global availability of IITs is projected to remain tight, with supply falling short of demand despite capacity increases from Exosens and Harder Digital, in which Theon holds a 60% stake [4] Supply Agreement Details - Theon anticipates procuring over 400,000 IITs in the next five years through this supply agreement, reinforcing its position in the global Night Vision market [6] - The agreement allows Theon to exercise options for 2027 and 2028 into firm orders, enhancing its competitive advantage [3][5] Strategic Developments - Theon recently acquired a 9.8% stake in Exosens, becoming its largest strategic investor, which strengthens coordination in production and delivery schedules [5] - The CEO of Theon emphasized that this partnership extension is a strategic milestone that will help meet the accelerating global demand for Night Vision systems [7] Company Background - Theon Group develops and manufactures advanced night vision and thermal imaging systems for defense and security applications, with a global presence [8] - The company has over 240,000 systems in service with armed and special forces in 71 countries, including 26 NATO countries [8]
Ferrellgas Vice President of Operations Support Megan Sharp Appointed to PERC Council
Globenewswire· 2025-12-03 17:58
Megan Sharp Vice President of Operations Support, Ferrellgas LIBERTY, Mo., Dec. 03, 2025 (GLOBE NEWSWIRE) -- As the energy landscape continues to evolve, strong propane industry leadership has never been more important. That’s why Ferrellgas Partners, L.P. (OTC: FGPR) is proud to announce that Megan Sharp, Vice President of Operations Support, has been appointed to the Propane Education & Research Council’s (PERC’s) leadership team as one of its newest Councilors. PERC guides national, industrywide effo ...
Umicore - Transparency notification by Bank of America Corporation
Globenewswire· 2025-12-03 17:30
Transparency notification by Bank of America Corporation In accordance with article 14, § 1 of the law of 2 May 2007 on the disclosure of major holdings, Umicore was recently notified by Bank of America Corporation that its subsidiary Merril Lynch International has crossed the legal threshold of 3% for the direct voting rights and equivalent financial instruments upwards on 26 November 2025. The total holding of direct voting rights and equivalent financial instruments of Bank of America Corporation stands ...
Cosmos Health Launches Strategic Partnership With Prime Ledger to Transform $300M Treasury and Tokenize IP Assets
Globenewswire· 2025-12-03 17:20
Core Insights - Cosmos Health Inc. has announced a long-term strategic partnership with Prime Ledger LLC to enhance its financial operations through digital transformation and treasury management [1][2] - The partnership will focus on the tokenization of high-value intellectual property (IP) assets, allowing Cosmos Health to explore new capitalization channels [3] - The initial phase of the collaboration will begin in Q4 2025, concentrating on strategy, regulatory mapping, and architectural design for treasury and tokenization platforms [5] Financial Operations - The partnership includes the management of Cosmos Health's $300 million treasury facility, with Prime Ledger implementing advanced controls and reporting systems to improve efficiency and security [2] - A secure framework for Digital Asset Treasury (DAT) management will be established to manage risk, yield, and income in corporate treasury operations [2] Tokenization and Data Management - Prime Ledger will design a token issuance platform for Cosmos Health, facilitating the tokenization of various IP assets [3] - The integration of Cosmos Health's data infrastructure with Prime Ledger's existing relationship with Conduit Network will enhance management of on-chain and off-chain data for financial reporting and compliance [4] Company Background - Cosmos Health Inc. is a diversified global healthcare group with a portfolio of proprietary pharmaceutical and nutraceutical brands, and it operates under European Good Manufacturing Practices [7] - The company is expanding its reach in Europe, Asia, and North America, and has established R&D partnerships targeting major health disorders [7]
Interpace Biosciences Announces Early Repayment of Debt to BroadOak Capital Partners
Globenewswire· 2025-12-03 17:12
PARSIPPANY, NJ, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Interpace Biosciences, Inc. (OTCID: IDXG) (“Interpace” or the “Company”) today announced that it has fully repaid its outstanding term loan facility with BroadOak Capital Partners (“BroadOak”) prior to the facility’s maturity date. The repayment satisfies the Company’s obligations under the Loan and Security Agreement originally entered into on October 29, 2021, with BroadOak Fund V, L.P. By retiring this debt early, Interpace eliminates related interest exp ...