Core Insights - Moore Law, PLLC is investigating potential claims against Ready Capital Corporation due to non-performing loans in its commercial real estate portfolio that are unlikely to be collectible [1] - Ready Capital reported a fourth quarter 2024 net loss of $1.80 per share and a full year 2024 net loss of $2.52 per share, indicating significant financial distress [2] - The company's stock price fell nearly 27% following the announcement of its financial results and the need to reserve for non-performing loans [3] Company Financials - Ready Capital's fourth quarter 2024 net loss was $1.80 per share [2] - The full year 2024 net loss amounted to $2.52 per share [2] - The company took $284 million in combined Current Expected Credit Loss and valuation allowances to address its non-performing loans [2]

Core Insights - Moore Law, PLLC is investigating potential claims against e.l.f. Beauty, Inc. following a report from Muddy Waters Research that alleges the company materially overstated its revenue over the past three quarters [1][2] Group 1: Allegations Against e.l.f. Beauty - Muddy Waters Research reported that e.l.f. Beauty's management recognized issues with its growth narrative in Q2 FY24 due to rising inventory levels, leading to inflated revenue and profits [2] - The report claims that e.l.f. Beauty made false and misleading statements regarding its inventory levels, attributing them to changes in sourcing practices rather than declining sales [3] - e.l.f. Beauty allegedly reported inflated revenue, profits, and inventory over several quarters to maintain investor confidence, resulting in overstated business and financial prospects [3] Group 2: Stock Performance - Year-to-date, e.l.f. Beauty's stock price has decreased by approximately 52% [4]

LOS ANGELES, CALIFORNIA and FRAMINGHAM, MASSACHUSETTS, April 23, 2025 (GLOBE NEWSWIRE) -- Omni-Lite Industries Canada Inc. (“Omni-Lite” or the “Company”) (TSXV: OML | OTCQX: OLNCF) is pleased to announce that it has today, signed and completed the strategic acquisition of Framingham, Massachusetts-based Electronic Components, Inc. (“eComp”), a leading value-added distributor of hard-to-find electronic components serving the aerospace & defense, medical, and energy sectors. The acquisition was an all-cash tr ...

ScanTech AI's New Platform is Being Designed to Address Critical Vulnerabilities in National Security InfrastructureAtlanta, GA, April 23, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a global innovator in non-intrusive, fixed-gantry CT (Computed Tomography) screening technologies, announced that the development of its groundbreaking CustomsTrace AI™ platform has been endorsed by former U.S. Customs and Border Protection Commissioner Ralph Basham as crit ...

Core Viewpoint - DeFi Development Corporation has strategically acquired approximately 65,305 Solana (SOL) tokens, increasing its total holdings to about 317,273 SOL, valued at $48.2 million, which includes staking rewards [1][8]. Group 1: Acquisition Details - The recent purchase includes locked SOL sourced via BitGo's OTC desk, allowing the company to acquire tokens below market prices while aligning with the Solana ecosystem [1][3]. - Locked SOL refers to tokens under contractual restrictions that cannot be transferred on-chain until their unlock period expires, but can be traded over-the-counter [2]. Group 2: Treasury Policy - The company has adopted a treasury policy that allocates its principal holding in treasury reserves to Solana (SOL), providing investors access to the Solana ecosystem [4]. - The treasury policy aims to offer economic exposure to SOL investment for investors [4]. Group 3: Financial Metrics - Total SOL held by the company is 317,273, valued at approximately $48.2 million [8]. - The total shares outstanding are approximately 1.5 million, resulting in a SOL per share (SPS) of 0.22, valued at $32.88 per share, with a 40% growth in SPS compared to the last purchase [8].

Core Viewpoint - Moore Law, PLLC is investigating potential claims against AppLovin Corporation based on allegations from securities investment research firms regarding manipulative advertising practices [1][2] Group 1: Allegations Against AppLovin - Culper Research and Fuzzy Panda Research issued short reports alleging that AppLovin is reverse-engineering and exploiting advertising data from Meta Platforms [2] - The reports claim that AppLovin employs manipulative practices to artificially inflate ad click-through and app download rates, including self-clicking ads and design gimmicks that trigger forced downloads [2] Group 2: Market Reaction - Following the release of the investigative reports, the stock price of AppLovin experienced a significant decline, reflecting a nearly 22% drop [3]

Amsterdam, April 23, 2025 SBM Offshore announces the completion of its EUR130 million share repurchase program initiated in 2024, and the commencement of a EUR141 million (US$150 million equivalent1) share repurchase program, as announced on February 20, 2025 and effective from April 24, 2025. EUR141 million share repurchase program The objective of the EUR141 million share repurchase program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs ( ...

CHICAGO, April 23, 2025 (GLOBE NEWSWIRE) -- XA Investments LLC (“XAI”), an alternative investment management and consulting firm, announced today that its Non-Listed Closed-End Funds First Quarter 2025 Market Update shows a strong start to 2025 in both fund launches and asset gathering. The market update is a comprehensive research report detailing current market trends and industry highlights. The non-listed closed-end fund (CEF) market includes all interval and tender offer funds. The report introduces th ...

NEW YORK, April 23, 2025 (GLOBE NEWSWIRE) -- Moore Law, PLLC, a securities and shareholder law firm located in New York City on Wall Street, is investigating potential claims against: Rocket Lab USA Inc. (NASDAQ:RKLB) The investigation concerns possible misstatements that the Neutron rocket will launch in mid-2025. On February 25, 2025, Bleecker Street Research published a report alleging, among other things, that Rocket Lab "has materially misled investors about the likelihood that its Neutron rocket will ...

Company Launches Aggressive $250 Million Growth StrategyFORT WORTH, Texas, April 23, 2025 (GLOBE NEWSWIRE) -- Lottery.com Inc. (NASDAQ: LTRY, LTRYW) ("Lottery.com" or the "Company") today provides an update on its two-year transformation, marking a new era of financial strength, operational momentum, and strategic expansion. Backed by $250 million in committed funding, fully Nasdaq-compliant, and generating strong market engagement, the Company now embarks on an aggressive buy-and-build strategy aimed at po ...