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Atlantic Petroleum – Condensed Consolidated Interim Report – 3rd Quarter 2025
Globenewswire· 2025-11-28 21:49
Core Insights - Atlantic Petroleum reported its Q3 2025 results, highlighting a net loss of DKK 2.1 million and an operating loss of DKK 3.3 million [2] - The company is undergoing a debt restructuring process aimed at reducing its debt by at least DKK 90 million, with progress being made towards finalizing the agreement [2][3] - The company's net assets/shareholders equity stands at DKK -114.5 million, and it has bank debt amounting to DKK 59.4 million [2] Financial Performance - General and administrative (G&A) costs for Q3 2025 were reported at DKK 0.6 million [2] - The operating loss for the quarter was DKK 3.3 million, indicating ongoing financial challenges [2] - The net loss for the quarter was DKK 2.1 million, reflecting the company's current operational difficulties [2] Debt Restructuring - An agreement was reached with main creditors on April 4, 2025, to reduce the company's debt by at least DKK 90 million [2] - The successful completion of the restructuring is critical for the company's ability to continue as a going concern [3] Company Overview - Atlantic Petroleum is involved in oil and gas joint ventures with reputable international partners and is based in Tórshavn, Faroe Islands [4] - The company has subsidiaries and offices in the UK and is listed on NASDAQ OMX Copenhagen [4]
TOP Ships Announces Letter of Intent for Acquisition of Real Estate Assets in Dubai
Globenewswire· 2025-11-28 21:30
Core Viewpoint - TOP Ships Inc. has entered into a letter of intent for the potential acquisition of residential real estate assets in Dubai, with an estimated market value exceeding $200 million, highlighting Dubai's attractiveness as a real estate market [1][2]. Group 1: Acquisition Details - The acquisition option includes a purchase price at a 10% discount to fair market value, determined by two independent appraisals [2]. - An advance cash payment of $23.5 million will be made by TOP Ships prior to December 31, 2025, which will be credited against the acquisition price or refunded if the option is not exercised [2]. - The option period for the acquisition expires 90 days after the advance payment [2]. Group 2: Approval and Due Diligence - The letter of intent was approved by a special committee of independent board members, and the exercise of the purchase option is subject to their approval [3]. - During the 90-day option period, the special committee will conduct due diligence and evaluate the transaction based on market conditions and other factors [3]. - There is no assurance that the purchase option will be exercised or that the acquisition will be completed [3]. Group 3: Company Overview - TOP Ships Inc. is an international owner and operator of modern, fuel-efficient eco tanker vessels, focusing on transporting crude oil, petroleum products, and bulk liquid chemicals [4].
Triumph Announces Dividend for 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock
Globenewswire· 2025-11-28 21:07
Core Points - Triumph Financial announced a quarterly cash dividend of $17.81 per share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock [1] - Holders of depositary shares will receive $0.44525 per depositary share, with the dividend payable on December 30, 2025, to holders of record as of December 15, 2025 [1] Company Overview - Triumph Financial is a financial and technology company focused on modernizing and simplifying freight transactions through payments, factoring, intelligence, and banking [2] - The company is headquartered in Dallas, Texas, and its portfolio includes brands such as Triumph, TBK Bank, and LoadPay [2]
Fusemachines Files Q3 2025 Quarterly Report and Discloses Nasdaq Notice
Globenewswire· 2025-11-28 21:05
NEW YORK, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Fusemachines Inc. (“Fusemachines” or the “Company”) (NASDAQ:FUSE), a leading provider of enterprise AI products and services, today announced that on November 24, 2025, it received a notification letter (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) because it had not timely filed its Quarterly Report on Form 10‑Q for the period ended September 30, 2025 (the “Form 10‑Q”) ...
Springbig and Meadow Unveil a Seamless Loyalty + POS Integration Built for High-Performance Cannabis Retail
Globenewswire· 2025-11-28 19:49
BOCA RATON, Fla., Nov. 28, 2025 (GLOBE NEWSWIRE) -- Springbig, the leading provider of loyalty, SMS, and customer engagement technology for regulated industries, today announced a new strategic integration with Meadow, one of the most trusted cannabis point-of-sale and retail operations platforms. The partnership brings real-time loyalty, data, and marketing automation directly into the in-store checkout experience — giving retailers a faster, smarter way to drive repeat visits and higher customer value. A ...
Northfield and Juno Applaud Marten Falls Agreement as Ring of Fire Infrastructure Accelerates
Globenewswire· 2025-11-28 19:40
Core Insights - Northfield Capital Corporation and Juno Corp. announced a Community Partnership Agreement with Marten Falls First Nation and the Province of Ontario to advance the Marten Falls Community Access Road and community infrastructure investments, marking a significant step in developing the Ring of Fire mineral district [1][2][5] Infrastructure Development - The Marten Falls Community Access Road will provide all-season access to Marten Falls First Nation, which is currently only accessible by winter road or air, limiting development opportunities [2][3] - The Agreement allocates up to $39.5 million for community infrastructure and supports the construction of the access road [2] - The road is part of the Northern Road Link infrastructure plan, connecting key First Nations and the Ring of Fire to the provincial highway system [3] Mineral Exploration and Economic Impact - Juno Corp. holds over 5,300 square kilometers of mineral claims in the Ring of Fire, representing over 52% of the district, and has made significant discoveries in critical minerals and gold [4][9] - The development of the Ring of Fire is expected to create 70,000 new jobs in Ontario, highlighting its strategic importance for both Canadian and U.S. economies [6] Future Plans - Marten Falls First Nation plans to submit an environmental assessment for the access road by February 20, 2026, with construction aimed to start by August 2026 [5] - Immediate resource flow for urgent community priorities will begin this season via winter roads [5]
SC II Acquisition Corp. Announces Completion of $172.5 Million IPO
Globenewswire· 2025-11-28 19:05
Core Points - SC II Acquisition Corp. successfully closed its initial public offering (IPO) of 17,250,000 units at a price of $10.00 per unit, generating gross proceeds of $172,500,000 [1] - The units began trading on the Nasdaq Global Market under the symbol "SCIIU" on November 26, 2025 [1] - Each unit consists of one Class A ordinary share and one right to receive one-fifth of a Class A ordinary share upon the completion of the initial business combination [1] Private Placement - Concurrently with the IPO, the Company closed a private placement of 255,000 units at $10.00 per unit, resulting in gross proceeds of $2,550,000 [2] - The private placement units are identical to those sold in the IPO, with certain limited exceptions [2] Company Overview - The Company is a blank check company formed to pursue mergers, amalgamations, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations [3] - It may target initial business combinations in any industry or geographical location [3] - The Company's sponsor is managed by Nukkleus Defense Technologies, Inc., a wholly-owned subsidiary of Nukkleus Inc, with Menny Shalom as the CEO [3] Offering Management - D. Boral Capital acted as the sole book-running manager for the offering [4] - Legal counsel for the Company was provided by Ellenoff Grossman & Schole LLP and Appleby (Cayman) Ltd., while Loeb & Loeb LLP served as legal counsel to the underwriters [4]
Globus Maritime Limited Reports Financial Results for the Third Quarter and Nine-Month Period Ended September 30, 2025
Globenewswire· 2025-11-28 19:00
GLYFADA, Greece, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Globus Maritime Limited (“Globus”, the “Company”, “we”, or “our”) (NASDAQ: GLBS), a dry bulk shipping company, today reported its unaudited consolidated financial results for the third quarter and nine-month period ended September 30, 2025. Revenue $12.6 million in Q3 2025$30.8 million in 9M 2025 Net income / (loss) $0.7 million net income in Q3 2025$2.6 million net loss in 9M 2025 Adjusted EBITDA $5.5 million in Q3 2025$10.7 million in 9M 2025 Time Charte ...
Maris-Tech Ltd. Secures $2 Million Financing to Strengthen its Capital Structure and Support Commercial and U.S. Market Initiatives
Globenewswire· 2025-11-28 18:50
Core Viewpoint - Maris-Tech Ltd. has entered into Note Purchase Agreements with institutional investors, issuing non-interest bearing convertible promissory notes totaling $2,000,000 to enhance its capital structure and support U.S. market activities [1][2]. Group 1: Financial Details - The company issued convertible promissory notes with an aggregate principal amount of $2,000,000, intended for working capital and general corporate purposes [1]. - The Notes are convertible into ordinary shares, with specific conversion periods: an initial window starting six months after issuance and full convertibility beginning twelve months after issuance [2]. - Any remaining principal under the Notes will automatically convert after twenty-four months, subject to a conversion price floor [2]. Group 2: Regulatory Information - The Notes and the ordinary shares issued upon conversion are part of a private placement exempt from the registration requirements of the Securities Act of 1933, meaning they cannot be offered or sold in the U.S. without an effective registration statement or applicable exemption [3]. Group 3: Company Overview - Maris-Tech is a leader in video and AI-based edge computing technology, focusing on intelligent video transmission solutions for various industries, including defense and aerospace [4]. - The company offers lightweight, low-power products that provide high-performance capabilities such as raw data processing and AI-driven analytics [4].
SKEL fjárfestingafélag hf.: The equity offering of Drangar hf. is completed
Globenewswire· 2025-11-28 18:40
Core Insights - SKEL fjárfestingafélag hf. has successfully completed the settlement for the purchase of share capital in Samkaup, with Drangar hf. commencing operations as the parent company [1] - The equity offering raised ISK 3.6 billion, exceeding the target of ISK 3 billion, with a share price set at ISK 12, leading to an equity value of ISK 24.3 billion prior to the capital increase [2] - Following the offering, SKEL's ownership in the company stands at 61%, valued at ISK 17.1 billion based on the offering price [3] Investment Details - The offering attracted domestic institutional and professional investors, along with private investors, and included a shareholders' agreement to guide governance and operations ahead of a planned stock exchange listing in 2027 [3] - Íslandsbanki hf. managed and underwrote the offering, with Fossar fjárfestingarbanki hf. providing corporate finance advisory services and BBA//Fjeldco offering legal counsel [4] Management Perspective - The CEO of SKEL expressed optimism regarding the company's funding for operational improvements at Samkaup, noting positive consumer reception to changes in store operations and a successful streamlining of operations [5]