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Mag Mile Capital Arranges $15.9 Million in Financing for Hampton Inn El Paso, Texas Acquisition
Globenewswire· 2025-08-13 13:15
Core Insights - Mag Mile Capital successfully arranged $15.9 million in financing for the acquisition of the Hampton Inn El Paso by Nexgen Management, a hotel ownership and management firm based in Dallas [1][4] - The financing package includes a $13.9 million senior CMBS loan and a $2 million mezzanine loan, achieving over 80% loan-to-purchase price leverage [2][4] - The transaction highlights the challenges in securing mezzanine financing in the current market, yet Mag Mile Capital was able to provide competitive terms [3] Financing Details - Total Financing: $15,900,000 [4] - Senior Loan: $13,900,000 [4] - Mezzanine Loan: $2,000,000 [4] - Total Leverage: 80%+ Loan-to-Purchase Price [4] - Term: 5 Years [4] - Rate Type: Fixed Rate [4] Market Positioning - The Texas border market offers unique opportunities, and Nexgen Management's experience in this area made them a suitable candidate for the transaction [3] - Mag Mile Capital's ability to creatively source and structure capital, even in limited market segments, is emphasized [4] - This transaction marks the fourth deal closed with Nexgen Management, totaling over $75 million in closed deals with the client [4] Company Overview - Mag Mile Capital is a boutique commercial real estate mortgage banking firm headquartered in Chicago, specializing in sophisticated financing solutions since 1991 [5] - The firm leverages deep capital markets relationships to deliver tailored solutions across all major asset classes [5]
Silvaco's CEO, Babak Taheri, to Attend the Jefferies' Semis, IT Hardware & Comm Tech Summit in Chicago
Globenewswire· 2025-08-13 13:15
Company Overview - Silvaco Group, Inc. is a provider of TCAD, EDA software, and SIP solutions that facilitate semiconductor design and digital twin modeling through AI software and innovation [2] - The company is headquartered in Santa Clara, California, and has a global presence with offices in North America, Europe, Egypt, Brazil, China, Japan, Korea, Singapore, Vietnam, and Taiwan [2] Industry Participation - Silvaco's CEO, Dr. Babak Taheri, will participate in the Jefferies' Semis, IT Hardware & Comm Tech Summit in Chicago on August 26-27, 2025 [1]
Diana Shipping Inc. Announces Time Charter Contract for m/v Polymnia with Oldendorff Carriers
Globenewswire· 2025-08-13 13:10
Core Viewpoint - Diana Shipping Inc. has entered into a time charter contract for its Post-Panamax dry bulk vessel, the m/v Polymnia, with Oldendorff Carriers GmbH & Co. KG, which is expected to generate significant revenue for the company [1][2]. Group 1: Charter Contract Details - The gross charter rate for the m/v Polymnia is set at US$14,000 per day, with a 5.00% commission to third parties, for a period from August 17, 2025, until a minimum of April 10, 2026, and a maximum of June 10, 2026 [1]. - The anticipated gross revenue from the charter for the minimum scheduled period is approximately US$3.28 million [2]. Group 2: Fleet Composition and Future Plans - Diana Shipping Inc. currently operates a fleet of 36 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax, and 9 Ultramax vessels [3]. - The total carrying capacity of the fleet, excluding two vessels not yet delivered, is approximately 4.1 million deadweight tons (dwt), with a weighted average age of 11.72 years [3]. - The company expects to take delivery of two new methanol dual fuel Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028 [3]. Group 3: Company Overview - Diana Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership and bareboat charter-in of dry bulk vessels [4]. - The company's vessels primarily engage in short to medium-term time charters, transporting various dry bulk commodities such as iron ore, coal, and grain along global shipping routes [4].
Abits Group Inc Reports Unaudited Financial Results for the First Half of 2025
Globenewswire· 2025-08-13 13:05
Core Viewpoint - Abits Group Inc reported a half-year operating profit of $2.138 million for the period ending June 30, 2025, marking a nearly 6% improvement from the previous year despite a significant reduction in bitcoin mining output due to halving rewards [1][2]. Financial Performance - The average price of bitcoins increased to $95,843 in 2025 from $59,628 in 2024, which helped offset the decline in mining output [2]. - The company recorded a loss before interest and taxation of $0.25 million, compared to a loss of $0.14 million in 2024, primarily due to higher depreciation charges [2]. - The operating result before taxation was a loss of $0.34 million, up from a loss of $0.14 million in the same period last year [2]. Mining Operations - The main mining site in Duff, Tennessee is operating optimally with a load of 12mW and an output of approximately 500 pH/s [3]. - The company successfully installed two water wells, reducing water bills by $25,000 per month [3]. - The Memphis hosting facility, which operates under a joint venture, has installed about 2,600 S19XPs since April 2025, contributing an output of approximately 300 pH/s [4]. Cash Flow and Assets - The company sold 27.15 bitcoins for $1.96 million as of June 30, 2025, to meet working capital requirements [5]. - An external loan of $3.0 million was taken in March 2025 to finance the Memphis hosting facility [5]. - As of June 30, 2025, total current assets were $687,934, down from $1,677,636 at the end of 2024 [9]. Future Outlook - The company anticipates an improvement in the second half of 2025 as the Memphis hosting facility becomes fully operational, provided there are no sharp declines in bitcoin prices [6].
24/7 Market News: Institutional Momentum Builds as Vanguard Group and Aramark Back VENU
Globenewswire· 2025-08-13 12:49
Core Insights - Institutional investors are increasingly recognizing Venu Holding Corporation's innovative approach to entertainment venues and fan engagement, highlighted by Vanguard Group's new position in the company [1][2] - Venu has secured a $10.125 million equity investment from Aramark, which will enhance its operational capabilities and align with its growth strategy [3][10] Investment and Partnerships - Vanguard Group holds 861,911 shares of Venu, representing approximately 2.3% of its outstanding stock, valued at around $13 million [1] - The partnership with Aramark positions Venu to leverage Aramark's extensive experience in hospitality and venue management, particularly for its flagship Ford Amphitheater and upcoming Sunset Amphitheaters [3][4] Strategic Vision - Venu's "fan-founded" philosophy focuses on creating upscale and immersive experiences, which aligns with Aramark's commitment to enhancing guest satisfaction [4][5] - The collaboration aims to deliver high-impact experiences through advanced technology solutions, including mobile ordering and AI-powered menu optimization [5][6] Growth and Scalability - Venu plans to open over 20 smart venues in the next 48-60 months, emphasizing the need for operational scalability [6] - Aramark's experience managing over 300 sports and entertainment locations makes it a suitable partner for Venu's expansion efforts [6][10] Localized Experience - Venu's strategy includes building venues that reflect local identity, supported by Aramark's expertise in integrating regional flavors and local chefs into its hospitality programs [7][10] - Existing collaborations with industry figures and brands further enhance Venu's localized approach to venue development [7][10] Financial Outlook - Venu is developing a national network of premium amphitheaters with an active pipeline exceeding $5 billion, including $1 billion currently underway [10]
24/7 Market News: LIXTE Biotechnology Holdings Embraces Cryptocurrency in Corporate Treasury Strategy
Globenewswire· 2025-08-13 12:49
Core Viewpoint - LIXTE Biotechnology Holdings has approved a new treasury policy to diversify its corporate reserves into cryptocurrencies, including Bitcoin, highlighting its commitment to strategic capital allocation and long-term shareholder value creation [1][3]. Treasury Policy Details - Under the new policy, up to 25% of LIXTE's corporate treasury may be allocated to cryptocurrencies, with all digital assets securely held by a regulated custodian and transactions adhering to financial, legal, and audit standards [2]. - The updated treasury policy reflects LIXTE's belief in the long-term potential of cryptocurrency to hedge existing treasury assets and deliver returns for shareholders [3]. Strategic and Financial Rationale - The diversification strategy aims to create a more dynamic balance sheet, allowing LIXTE to be agile in capital deployment while benefiting from long-term appreciation in digital assets [4]. - This move aligns with a growing trend among companies adopting cryptocurrencies as part of their treasury management approach [5]. Industry Trend - LIXTE joins a list of public companies utilizing cryptocurrency as a strategic asset class, which is associated with increased institutional attention and greater visibility in financial and technology sectors [5]. - For smaller-cap growth companies like LIXTE, this strategy signals operational sophistication and a progressive approach to capital efficiency [5]. Additional Strategic Benefits - The treasury diversification is intended to hedge against inflation and fiat currency depreciation, enhance liquidity with globally recognized assets, and position LIXTE at the forefront of fintech-enabled financial strategies [9]. - Digital assets are viewed as a potential asymmetric upside to complement LIXTE's biotech growth trajectory [9].
Veea Inc. Announces Pricing of Approximately $9.2 Million Public Offering
Globenewswire· 2025-08-13 12:47
Core Viewpoint - Veea Inc. has announced a public offering of 6,000,000 shares of common stock and warrants, aiming to raise approximately $6 million in gross proceeds to support its operations and infrastructure investments [1][3]. Group 1: Offering Details - The offering price is set at $1.00 per share, with warrants to purchase additional shares at an exercise price of $1.10, which will be exercisable immediately and expire in five years [1][3]. - NLabs Inc., an existing stockholder, will exchange $3,239,096 in non-convertible promissory notes for 3,239,096 shares of common stock and accompanying warrants at the public offering price [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for investments in inventory, customer support infrastructure, working capital, and general corporate purposes [3]. Group 3: Regulatory Information - The offering is being conducted under a registration statement on Form S-1, which was declared effective on August 12, 2025 [4].
Cycurion, Inc. to Announce Q2 2025 Financial Results on August 14, 2025, Celebrating Key Strategic Achievements
Globenewswire· 2025-08-13 12:45
Core Insights - Cycurion, Inc. plans to file its Quarterly Report on Form 10-Q for Q2 2025 on August 14, 2025, highlighting significant accomplishments and strategic partnerships [1][8] Strategic Highlights - Collaboration with NACCHO enhances delivery of high-margin cybersecurity solutions to public health organizations, addressing digital threats [3] - Alliance with LSV-TECH International Consortium expands Cycurion's Managed Security Services Platform into Latin America, reaching 135 countries [3] - Acquisition of SLG Innovation, Inc. enhances technology services portfolio, supporting long-term growth [4] Financial Position - As of June 30, 2025, total assets increased to $30.7 million from $25.6 million as of December 31, 2024, driven by goodwill from the SLG acquisition [6] - Stockholders' equity rose to $10.4 million from $5.4 million, reflecting equity issuances and conversions [6] - The company reported a working capital deficit of $14.3 million and an accumulated deficit of $18.7 million, with management focused on improving liquidity [6] Outlook - Cycurion aims to convert its growing backlog into revenue during the second half of 2025, particularly in the historically stronger third and fourth quarters [7] - The alliance with IQSTEL includes a $1 million stock exchange, enhancing shareholder value through dividends [7] - Cycurion Crypto has allocated $10 million to acquire Bitcoin and Ethereum, diversifying its financial portfolio and positioning the company in the digital economy [7]
MediWound Announces New EscharEx® Phase II Data Demonstrating Strong Link Between Wound Bed Preparation and Wound Closure in Venous Leg Ulcers
Globenewswire· 2025-08-13 12:45
Core Insights - MediWound Ltd. announced the publication of a post hoc analysis demonstrating a strong correlation between wound bed preparation (WBP) and wound closure in patients with chronic venous leg ulcers (VLUs) [1][4] Group 1: Study Details - The analysis included data from 119 chronic VLU patients randomized in a 3:3:2 ratio to receive treatments with either EscharEx, a placebo gel, or non-surgical standard care, followed by weekly dressings for 12 weeks [2] - WBP was defined as the complete removal of nonviable tissue and full coverage of the wound bed with healthy granulation tissue [2] Group 2: Key Findings - Wounds that failed to achieve WBP had a 90% probability of not healing, indicating a high negative predictive value [7] - Wounds that achieved WBP were 4.1 times more likely to close compared to those that did not, with a statistical significance of p = 0.0004 [7] - Early achievement of WBP (within 14 days) significantly increased the likelihood of healing, with a relative risk of 2.4 (p = 0.0005) [7] - Wounds that did not reach WBP had a 12-fold higher risk of remaining unhealed throughout the study period (hazard ratio = 12, p < 0.0001) [7] Group 3: Implications for Therapy - The findings reinforce the clinical importance of complete debridement and timely full granulation tissue coverage in facilitating wound closure [4] - EscharEx has demonstrated therapeutic potential to improve healing outcomes by accelerating wound bed preparation in patients with venous leg ulcers [4][5] Group 4: About EscharEx - EscharEx is a bromelain-based, bioactive enzymatic therapy in advanced clinical development for the debridement of chronic and hard-to-heal wounds, showing a favorable safety profile and effective wound bed preparation [6] - A global Phase III study in venous leg ulcers is currently underway, with a clinical study in diabetic foot ulcers in preparation [6]
Giftify, Inc. Reports Second Quarter 2025 Financial Results, Revenue of $20.9 Million
Globenewswire· 2025-08-13 12:35
Core Insights - Giftify, Inc. reported a gross profit increase of 18.3% to $3.9 million for the second quarter ended June 30, 2025, driven by strategic initiatives including the acquisition of TakeOut7 and AI implementation [1][4][6] - The company achieved net sales of $20.9 million, reflecting a 4.4% increase compared to the prior year period, supported by strong performance in both business-to-consumer and business-to-business channels [5][8] - Gross margin improved to 18.4% from 16.3%, indicating a focus on optimizing pricing strategies and operational efficiencies [6][7] Financial Performance - Net sales increased 4.4% to $20.9 million compared to $20.0 million in the prior year period [5] - Gross billings rose 23.2% to $36.1 million, indicating strong growth in transaction volume [4][23] - Operating expenses decreased significantly to $6.4 million from $10.7 million in the prior year, primarily due to a reduction in stock-based compensation [6] - The company reported a net loss of $2.6 million, an improvement from a net loss of $7.7 million in the prior year period [7][8] Strategic Initiatives - The acquisition of TakeOut7 in June 2025 enhances the company's restaurant technology ecosystem, providing end-to-end solutions for independent restaurants [4][3] - A new partnership with Zip Co. introduced a Buy Now, Pay Later payment option, improving customer access to CardCash.com's offerings [4][3] - The launch of the Restaurant Management Center and uChoose corporate rewards platform in July 2025 aims to create new revenue streams targeting high-growth markets [4][3] Operational Efficiency - The company continues to deploy enterprise-wide AI solutions, driving measurable operational efficiencies [4][3] - Modified EBITDA loss improved to $0.15 million from $0.36 million in the prior year, reflecting progress toward operational efficiency [7][9] - The balance sheet remains strong with total assets of $31.5 million and stockholders' equity of $21.6 million [4][8]