MICHIGAN CITY, Ind., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Horizon Bancorp, Inc. (NASDAQ: HBNC) (“Horizon”), the parent company of Horizon Bank, today announced the pricing of the previously announced underwritten public offering of 6,207,000 shares of its common stock (the “Offering”), at a price to the public of $14.50 per share for aggregate gross proceeds of approximately $90,001,500 before deducting underwriting discounts and estimated offering expenses. In addition, Horizon has granted the underwriters a ...

Core Viewpoint - Kraken Robotics Inc. reported a 16% increase in consolidated revenue for Q2 2025, driven by growth in subsea battery and service businesses, despite a decline in sonar revenue [4][3]. Financial Performance - Consolidated revenue for Q2 2025 was $26.4 million, up from $22.8 million in the prior year [4]. - Product revenue decreased by 14% to $16.5 million, while service revenue surged by 180% to $9.8 million [4]. - Gross profit increased by 27% to $14.8 million, resulting in a gross profit margin of 56%, up from 51% in the prior year [4][11]. - Adjusted EBITDA for the quarter was $4.7 million, with an adjusted EBITDA margin of 18%, down from 24% in the comparable quarter [4][8]. Assets and Financing - Total assets reached $184.3 million as of June 30, 2025, compared to $98.5 million a year earlier [4]. - Cash at the end of the quarter was $32.9 million, an increase from $20.4 million in the prior year [4]. - The company completed a bought deal equity financing for gross proceeds of $115 million after the quarter ended [4][9]. Market and Growth Prospects - The naval defense and maritime security sectors are key growth drivers, with increasing adoption of uncrewed platforms [3]. - The company anticipates strong defense Request for Proposal (RFP) activity from 2025 to 2027, enhancing its market prospects [5]. - The acquisition of 3D at Depth Inc. is expected to bolster the company's high-margin services business, particularly in the offshore energy market [9]. Financial Guidance - The company maintains its 2025 financial guidance, expecting revenue between $120 million and $135 million and Adjusted EBITDA between $26 million and $34 million, representing 40% revenue growth and 45% Adjusted EBITDA growth [4].

Core Viewpoint - Marimaca Copper Corp. has signed a binding asset purchase option agreement to acquire a used sulfuric acid plant in Chile, which is expected to significantly reduce the company's exposure to volatile sulfuric acid prices, a key input for the Marimaca Oxide Deposit [1][5]. Company Analysis - The acquisition of the sulfuric acid plant is valued at US$2.5 million, with an upfront payment of US$1 million and a second payment of US$1.5 million after a three-month due diligence period [5][12]. - The plant has a capacity of up to 150,000 tonnes per annum (ktpa) of concentrated sulfuric acid, which could cover approximately 30% to 40% of the total acid consumption at the Marimaca Oxide Deposit depending on the development phase [5][6]. - The company anticipates a potential 30% reduction in acid production costs compared to current long-term forecasts, with the ability to produce sulfuric acid at approximately US$70 per tonne [4][5]. Industry Context - According to projections from Comision Chilena del Cobre (Cochilco), acid prices in Chile are expected to normalize around US$95 per tonne from 2028 onwards, while the company-owned plant could produce sulfuric acid at a lower cost [4][18]. - The sulfuric acid market in Chile is currently influenced by high shipping costs and strong demand from the global fertilizer industry, but improvements in shipping rates are expected from 2026 onwards due to new fleet construction [14][18]. - The historical price correlation between elemental sulfur and sulfuric acid suggests that purchasing elemental sulfur may reduce overall exposure to price volatility [19][20].

Core Insights - Parsons Corporation has successfully launched the New Jersey Department of Transportation's (NJDOT) Statewide Advanced Traffic Management System (ATMS) utilizing its Intelligent NETworks (iNET) smart mobility solution [1][2] - The deployment of iNET represents NJDOT's first integrated statewide ATMS, moving away from legacy systems to a comprehensive suite of features for enhanced traffic management [2] - The ATMS project received the 2025 Excellence in Engineering Award, highlighting its innovative impact on transportation operations [3] Company Overview - Parsons Corporation is recognized as a leading disruptive technology provider in national security and global infrastructure markets, with expertise in various sectors including transportation and urban development [4] - The company emphasizes its commitment to leveraging innovative technology to improve transportation network management and safety [2][4]

On 21 August 2025, AB Akola Group held an investor webinar where the company's CFO Mažvydas Šileika presented the financial results for the 12 months of the 2024/2025 financial year. Link to the presentation demonstrated at the webinar: For more information, please contact: https://youtu.be/dwkMyFUN5os Mažvydas Šileika, CFO and Member of the Board of AB Akola Group E-mail m.sileika@akolagroup.lt Mob. +370 619 19 403 https://www.akolagroup.lt/wp-content/uploads/2025/08/250821_AKO_12M_webinar_M.Sileika_final. ...

Group 1 - Tapa municipality and AquaTapa OÜ signed a contract for the right of superficies of the Tapa swimming pool on August 18, with construction to be carried out by Merko Ehitus [1] - AS Merko Ehitus Eesti is engaged in pre-contractual negotiations with the ordering party and will announce the signing of the agreement through a stock exchange announcement [1] Group 2 - AS Merko Ehitus Eesti is a recognized Estonian construction company providing services in general construction, civil engineering, and residential construction [2] - The group operates in Estonia, Latvia, and Lithuania, employing 605 people as of the end of 2024, with a revenue of EUR 539 million for that year [2]

SHANGHAI, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Bilibili Inc. ("Bilibili" or the "Company") (Nasdaq: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Highlights: Second Quarter 2025 Financial Results Total net revenues. Total net revenues were RMB7.34 billion (US$1,024.3 million), representing an increase of 20% from the same period of 2024. Value-add ...

Core Viewpoint - Volta Finance Limited reported a net performance of +2.48% for July 2025, contributing to a total net performance of +13.9% for the financial year from August 2024 to July 2025, outperforming US High Yield and Euro High Yield indices which returned +8.6% and +8.1% respectively [4][5][6]. Performance and Portfolio Activity - The company achieved a net performance of +2.48% in July, including a dividend payment of 15.5 cents per share [4]. - The financial year net performance from August 2024 to July 2025 stands at +13.9% [4]. - The US High Yield market returned +8.6% and Euro High Yield returned +8.1% during the same period [4]. - Economic indicators showed a mixed but generally positive outlook, with robust labor market conditions and strong corporate earnings, particularly in the technology sector [5][6]. - Inflationary pressures are evident, with the core Personal Consumption Expenditures (PCE) index rising 2.8% year-over-year [6]. - Volta's cash flow generation remained stable at €28 million equivalent in interest and coupons over the last six months, representing close to 21% of July's NAV on an annualized basis [8]. Market Conditions - July saw strong market performance driven by positive trade negotiations and resilient economic indicators, although caution remained due to ongoing tariff negotiations with China [5]. - Loan and CLO issuance remained active despite low M&A volumes, with US loan market indices recording a performance increase of +0.88% and European market indices increasing by +0.55% [7]. - Volta received early redemptions from CLO debts (approximately €5 million) and CLO equities (approximately €2 million equivalent) [8]. Portfolio Composition - As of the end of July 2025, Volta's NAV was €274.2 million, equating to €7.49 per share, an increase of 36 cents from July 2024 [10]. - CLO Equity tranches returned +5.2% while CLO Debt tranches returned +0.6% during the month [9]. - Cash stood at 17% at the end of July, providing the company with liquidity to capitalize on attractive entry points in the market [8].

Company Overview - Duluth Trading Company is a lifestyle brand offering men's and women's casual wear, workwear, and accessories, based in Mount Horeb, Wisconsin [2] - The company focuses on high-quality, solution-based products for individuals who lead a hands-on lifestyle and value a job well done [2] Financial Results Announcement - Duluth Trading will report its second quarter 2025 financial results before the market opens on September 4, 2025 [1] - A conference call and audio webcast for analysts and investors will take place on the same day at 9:30 AM Eastern Time to discuss the results and address questions [1] Investor Relations - Investors can access the live conference call at 1-844-875-6915 (domestic) or 1-412-317-6711 (international) [2] - A replay of the conference call will be available until September 10, 2025 [2] - Investors are encouraged to pre-register for the call to expedite entry [3]

Core Viewpoint - Kaldalón hf. is set to auction six-month bills in a new series, KALD 26 0302, as part of its strategy to regularly issue bills and bonds [1] Group 1: Auction Details - The auction will utilize the Dutch method, where all accepted bids are sold at the highest accepted flat yield [2] - The bills will be issued in nominal value units of ISK 20 million, with the company having the discretion to accept or reject bids [2] - Results of the auction will be announced before market opening on Tuesday, 26 August [2] Group 2: Management and Submission - Landsbankinn hf. will manage the auction, with bids required to be submitted by 16:00 on Monday, 25 August [3] - Payment and settlement for the auction is scheduled for Monday, 1 September 2025 [3] Group 3: Regulatory Information - The auction is exempt from the requirement to publish a prospectus under specific EU regulations [4] - Relevant documents regarding the issuance and trading of the bills will be available on the company's website [4] Group 4: Contact Information - For further inquiries, the CFO of Kaldalón hf. can be contacted via email, along with a contact number for Landsbankinn hf. [5]