Innovative Food Holdings, Inc. Announces First Quarter 2025 Earnings Call
GlobeNewswire· 2025-05-08 23:53
Core Viewpoint - Innovative Food Holdings, Inc. (IVFH) is set to hold an investor call on May 15, 2025, to discuss its first quarter financial results for the period ending March 31, 2025 [1][2]. Company Overview - IVFH specializes in gourmet specialty foods, connecting artisan food makers with professional chefs across the nation [3]. - The company aims to enhance meal experiences by providing access to unique and trend-forward food products [3]. Investor Call Details - The investor call will take place at 10:00 am Eastern Time, featuring a question-and-answer session for participants [2]. - Interested parties can join the call via Zoom, which facilitates easier interaction through its "raise hand" feature [2].
Oak Ridge Financial Services, Inc. Announces First Quarter 2025 Results and 17% Increase in Quarterly Cash Dividend
GlobeNewswire· 2025-05-08 23:00
OAK RIDGE, N.C., May 08, 2025 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; or the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the first three months of 2025 and an increase of $0.02, or 17%, in its quarterly cash dividend to $0.14 per common share. First Quarter 2025 Highlights Earnings per share were $0.57, up from $0.56 in the fourth quarter of 2024 and $0.50 in the first quarter of 2024.Return on equit ...
NEXTGEN DIGITAL CLOSES FIRST TRANCHE OF THE NON-BROKERED PRIVATE PLACEMENT OF SPECIAL WARRANTS
GlobeNewswire· 2025-05-08 22:53
Core Viewpoint - NextGen Digital Platforms Inc. has successfully completed the first tranche of its non-brokered private placement, raising gross proceeds of $935,510 through the issuance of 3,118,366 special warrants at a price of $0.30 each [2][3]. Group 1: Offering Details - The first tranche of the offering involved the issuance of 3,118,366 special warrants at a price of $0.30 per warrant, resulting in gross proceeds of $935,510 [2]. - The company plans to complete a second tranche of the offering in the following week [3]. - Finder's fees paid in connection with the first tranche included $5,390.70 in cash and 17,969 common share purchase warrants, each exercisable at $0.30 for a period of 24 months [3]. Group 2: Special Warrants Conversion - Each special warrant will automatically convert into one common share without additional consideration on the earlier of two dates: three business days after the filing of a prospectus supplement or four months and one day after the closing of the offering [4]. - The company aims to file the prospectus supplement within 60 days of the closing of the offering, although there is no guarantee that it will be filed before the statutory hold period expires [5]. Group 3: Use of Proceeds - The net proceeds from the offering will be utilized for corporate development, marketing, and general working capital [6]. Group 4: Company Overview - NextGen Digital Platforms Inc. is publicly traded on the Canadian Securities Exchange, focusing on digital assets and artificial intelligence infrastructure [7]. - The company operates a hardware-as-a-service business supporting the AI sector, known as cloud AI hosting, providing advanced infrastructure solutions for AI-driven applications [7].
Vertex to Present at 20th Annual Needham Technology, Media, & Consumer Conference
GlobeNewswire· 2025-05-08 22:45
KING OF PRUSSIA, Pa., May 08, 2025 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ:VERX), a global provider of tax technology solutions, today announced that David DeStefano, Chief Executive Officer, and John Schwab, Chief Financial Officer, will participate in a fireside chat at the 20th Annual Needham Technology, Media, & Consumer Conference. The fireside chat is scheduled for Monday, May 12, 2025 at 9:30 AM Eastern Time. Live webcasts and replays of both presentations will be available on Vertex’s investor rela ...
Brunswick Exploration Announces Brokered Private Placement for Gross Proceeds of up to C$2.5 Million, with a Lead Order from a Strategic Investor
GlobeNewswire· 2025-05-08 22:28
Core Points - Brunswick Exploration Inc. has entered into an agreement with Red Cloud Securities Inc. and Canaccord Genuity Corp. for a private placement aiming to raise up to C$2,500,000 [1][7] - The offering includes two types of units: LIFE Units priced at C$0.13 and Non-LIFE Units priced at C$0.15, with a strategic investor making a lead order for Non-LIFE Units [1][3] - The net proceeds from the offering will be used for exploration activities in Québec and Greenland, as well as for general corporate purposes and working capital [7] Offering Details - Each LIFE Unit consists of one common share and one half of a common share purchase warrant, allowing the purchase of a share at C$0.20 for 36 months [2] - Each Non-LIFE Unit consists of one common share and one common share purchase warrant, allowing the purchase of a share at C$0.25 for 36 months [3] - The Agents have an option to raise an additional C$1,000,000 from the sale of LIFE Units prior to the closing date [4] Regulatory Compliance - LIFE Units will be offered in compliance with National Instrument 45-106, allowing for immediate trading under Canadian securities legislation [5] - Non-LIFE Units will be offered under "accredited investor" and "minimum amount investment" exemptions, subject to a four-month hold period in Canada [6] - The offering is scheduled to close on May 28, 2025, pending necessary approvals [8] Company Overview - Brunswick Exploration is focused on grassroots exploration for lithium in Canada, a critical metal for global decarbonization and energy transition [12] - The company is advancing a significant lithium property portfolio in Canada and Greenland [12]
Pieridae Announces Voting Results From Annual and Special Meeting of Shareholders and Approval of Name Change to Cavvy Energy Ltd.
GlobeNewswire· 2025-05-08 22:21
Core Points - Pieridae Energy Limited announced the results of its Annual and Special Meeting of Shareholders held on May 8, 2025, where all resolutions were approved, including a name change to Cavvy Energy Ltd [1][2] - The company plans to effect the name change on May 9, 2025, and will begin trading under the new stock symbol "CVVY" on the Toronto Stock Exchange within three business days, pending regulatory approvals [2] - Shareholders approved the continuance of the company from federal jurisdiction under the Canada Business Corporations Act to provincial jurisdiction under the Business Corporations Act (Alberta) [3] Voting Results - A total of 290,483,281 common shares were outstanding, with 205,689,497 shares (70.81%) voted at the meeting [5] - The number of directors was fixed at seven, with 202,833,661 votes (98.612%) in favor and 2,855,836 votes (1.388%) against [6] - The following directors were elected: Michael Backus (92.418%), Harvey Doerr (98.460%), Doug Dreisinger (88.811%), Andrew Judson (92.312%), Patricia McLeod (92.573%), Darcy Reding (98.651%), and Kiren Singh (82.885%) [6] - Ernst & Young LLP was appointed as the auditor with 205,559,438 votes (99.938%) in favor [7] - The advisory vote on executive compensation received 177,804,106 votes (87.373%) in favor [8] - The ratification of stock options received 165,379,341 votes (81.268%) in favor [8] - The name change to "Cavvy Energy Ltd." was approved with 192,942,421 votes (93.803%) in favor [8] - The continuance into Alberta jurisdiction was approved with 183,699,320 votes (90.270%) in favor [8] Company Overview - Pieridae is a Canadian energy company based in Calgary, Alberta, focusing on upstream production and midstream processing of natural gas, NGLs, condensate, and sulphur [9]
Savaria Announces the Voting Results for its Annual General Meeting of Shareholders
GlobeNewswire· 2025-05-08 22:19
Core Points - Savaria Corporation, a global leader in the accessibility industry, held its Annual General Meeting of Shareholders where all nominated directors were elected [1][2] - The voting results showed high approval rates for the nominees, with Pernilla Lindén receiving 99.81% in favor, while Alain Tremblay had the lowest approval at 81.24% [2] Group 1: Election of Directors - All nominees listed in the Management Proxy Circular were elected as directors by a majority resolution [2] - Caroline Bérubé received 95.18% in favor, while Jean-Marie Bourassa received 95.48% [2] - The lowest approval was for Alain Tremblay at 81.24%, with 41,500,260 votes in favor [2] Group 2: Company Overview - Savaria Corporation provides accessibility solutions for the physically challenged, enhancing comfort, mobility, and independence [3] - The company offers a comprehensive product line including stairlifts, wheelchair lifts, elevators, and medical equipment [3] - Savaria operates a global sales network with approximately 2,500 employees and manufacturing plants in multiple countries including Canada, the US, Mexico, Europe, and China [3]
Maxim Power Corp. Announces 2025 First Quarter Financial and Operating Results
GlobeNewswire· 2025-05-08 22:17
Core Viewpoint - Maxim Power Corp. reported a significant decline in financial performance for Q1 2025 compared to Q1 2024, primarily due to lower revenues from reduced power prices and generation volumes [2][3]. Financial Highlights - Revenue for Q1 2025 was $20.3 million, down from $34.8 million in Q1 2024, representing a decrease of approximately 41% [2]. - Net income decreased to $3.3 million in Q1 2025 from $10.5 million in Q1 2024, a decline of about 69% [2]. - Basic earnings per share fell to $0.05 from $0.21 year-over-year [2]. - Adjusted EBITDA dropped to $5.2 million from $15.9 million, a decrease of approximately 67% [2]. - Total generation in MWh was 413,031, down from 476,531 in the previous year, indicating a reduction of about 13% [2]. - Average Alberta market power price decreased to $39.78 per MWh from $99.30 per MWh, a decline of approximately 60% [2]. - Free cash flow decreased to $3.3 million from $13.0 million, a decline of about 75% [2]. Operating Results - The decrease in net income and Adjusted EBITDA was attributed to lower revenues driven by reduced realized power prices and generation volumes compared to 2024 [3]. - Free cash flow was negatively impacted by increased capital spending and lower interest income, despite lower debt servicing outflows [3]. Sale of Summit - On April 29, 2025, Maxim completed the sale of its subsidiaries Summit Coal Limited Partnership and Summit Coal Inc. for $14.2 million, which included $10.2 million in cash and a $4.0 million convertible note [4][5]. - The sale resulted in net cash proceeds of $8.0 million after accounting for $2.2 million of restricted cash [4]. Company Overview - Maxim Power Corp. is one of Canada's largest independent power producers, focusing on power projects in Alberta [14]. - The company's core asset is the 300 MW H.R. Milner Plant, which began operations in Q4 2023 [14].
Hammond Power Solutions Inc. Announces Voting Results of Annual General Meeting
GlobeNewswire· 2025-05-08 22:06
Core Points - Hammond Power Solutions Inc. (HPS) held its Annual General Meeting on May 8, 2025, in Guelph, Ontario, where shareholders voted in favor of all proposed business items [1] - The company is a leading manufacturer of dry-type transformers, power quality products, and related magnetics, with a global presence and manufacturing plants in Canada, the U.S., Mexico, and India [4] Election of Directors - All director nominees were elected with significant support, including: - William G. Hammond received 98.61% of votes in favor - Dahra Granovsky received 99.36% of votes in favor - Fred M. Jaques received 93.46% of votes in favor - David M. Wood received 98.76% of votes in favor - Anne Marie Turnbull received 99.61% of votes in favor - Christopher Huether received 99.45% of votes in favor - Adrian Thomas received 99.53% of votes in favor - Nathalie Pilon received 99.52% of votes in favor - Gregory Yull received 99.42% of votes in favor [2] Appointment of Auditors - KPMG LLP was appointed as the outside auditors with 94.61% of votes in favor, while 5.39% of votes were against the appointment [3]
LGI Homes Continues Growth in Tampa, Florida with Expansion in Spring Hill
GlobeNewswire· 2025-05-08 22:00
The Alafia by LGI Homes at Spring Hill The Alafia is a charming two-bedroom, 2 bath home that features bright windows and an open-entertainment space. TAMPA, Fla., May 08, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announced its continued expansion in the Tampa, Florida area with the introduction of new scattered lot homesites located throughout the city of Spring Hill. This new offering broadens LGI’s presence in the Nature Coast region and complements its existing community, Royal Highlan ...