MINGZHU LOGISTICS HOLDINGS LIMITED Announces $8 Million Registered Direct Offering
Globenewswire· 2025-11-25 14:00
Core Viewpoint - Mingzhu Logistics Holdings Limited has announced a definitive securities purchase agreement for the sale of 8,000,000 units at a price of $1.00 per unit, aiming to raise approximately $8 million in gross proceeds [1][2]. Group 1: Offering Details - The offering consists of one ordinary share or a pre-funded warrant and one common warrant per unit, with the ordinary share having a par value of $0.128 [1]. - Each warrant will have an exercise price of $1.00 per Class A Ordinary Share, will be immediately exercisable, and will expire six months after issuance [2]. - The transaction is expected to close on or about November 26, 2025, pending customary closing conditions [2]. Group 2: Placement Agent and Registration - Univest Securities, LLC is acting as the sole placement agent for this offering [3]. - The offering is made pursuant to a shelf registration statement on Form F-3, which was declared effective by the SEC on June 6, 2023 [4]. Group 3: Company Overview - Mingzhu Logistics Holdings Limited is a 4A-rated professional trucking service provider, offering tailored logistics solutions through a combination of self-owned and subcontracted fleets [6].
Safe and Green Development Corporation Secures New Purchase Orders From Large Agricultural Inputs Distributor
Globenewswire· 2025-11-25 14:00
Core Insights - Safe and Green Development Corporation has secured multiple purchase orders from a large U.S. distributor for wood fines produced at its Myakka, Florida site, indicating strong demand in specialty agriculture markets [1][2][3] Company Operations - The current weekly volume from the Myakka site is approximately $9,000, with expectations for orders to continue at this rate based on customer demand [2] - The wood fines are produced using the Company's high-capacity Diamond Z grinder system, which processes organic materials into various grades for commercial applications, including soils and horticultural products [2][3] - The Myakka site is expanding its customer base, supporting the Company's strategy to scale its engineered soils and organics recycling operations across key agricultural and turf markets [3][4] Market Position - The Company is experiencing strong interest in high-quality organic inputs from various sectors, including agriculture and specialty horticulture, which enhances its market position [4] - Engagements with established industry operators are expected to strengthen volume consistency, improve site throughput, and enhance operational efficiency [3][4] Future Growth - The Company is evaluating additional customer expansion opportunities as it increases capacity at the Myakka site and advances its broader engineered soils strategy across Florida [4]
INVO Fertility Announces a 1:8 Reverse Stock Split Effective Pre-Market Opening on November 28, 2025
Globenewswire· 2025-11-25 14:00
Core Viewpoint - INVO Fertility, Inc. will implement a 1-for-8 reverse stock split effective November 28, 2025, to enhance its stock price and maintain compliance with Nasdaq listing requirements [1][2]. Company Overview - INVO Fertility is a healthcare services company focused on the fertility market, particularly in expanding assisted reproductive technology (ART) care [3]. - The company's strategy includes building, acquiring, and operating fertility clinics, specifically "INVO Centers" that offer the intravaginal culture (IVC) procedure using the proprietary INVOcell medical device [3]. - INVO Fertility currently operates two INVO Centers and one IVF clinic in the United States and distributes the INVOcell technology to third-party fertility clinics [3]. - The IVC procedure is designed to provide a more natural, intimate, and cost-effective alternative to traditional IVF, with comparable results at a lower cost [3].
Xanadu, Rolls-Royce, and Riverlane unlock dramatic improvements for applications to jet engine airflow simulations using quantum computing
Globenewswire· 2025-11-25 14:00
Core Insights - The collaboration between Xanadu, Rolls-Royce, and Riverlane has successfully advanced quantum computing applications for modeling jet engine airflow, significantly reducing simulation runtimes from weeks to under an hour, thus enabling new prototyping opportunities in the aerospace industry [1][5] Company Summaries Xanadu - Xanadu is a Canadian quantum computing company founded in 2016, focused on building practical quantum computers and developing the open-source software library PennyLane [7] - The company has successfully reduced prototyping runtimes by up to 1000-fold for Rolls-Royce, addressing the long wait times associated with traditional simulations [4] - Xanadu's Catalyst compiler was instrumental in optimizing quantum-classical programs for Rolls-Royce, emphasizing the importance of hybrid quantum-classical computing [4][5] Rolls-Royce - Rolls-Royce is a major player in the aerospace industry, providing power solutions and services across multiple sectors, including defense and civil aviation [9][10] - The company reported an annual underlying revenue of £17.8 billion and an underlying operating profit of £2.46 billion in 2024, indicating strong financial performance [11] - Rolls-Royce's collaboration with Xanadu and Riverlane is part of its strategy to leverage advanced technologies to enhance its design processes and product offerings [3][5] Riverlane - Riverlane specializes in Quantum Error Correction (QEC) and partners with over 60% of the world's quantum computer companies to address challenges in achieving utility-scale quantum systems [12] - The company contributed novel quantum algorithms to the collaboration, enhancing the overall efficiency of the simulation workflow for Rolls-Royce [4][5] - Riverlane's expertise in QEC is crucial for unlocking the potential of quantum computing in various industries, including aerospace [12]
SEALSQ QS7001 Quantum-Resistant Secure Element Delivers Immediate CNSA 2.0 Compliance with Hardware-Embedded Post-Quantum Cryptography
Globenewswire· 2025-11-25 14:00
Core Insights - SEALSQ Corp has launched the QS7001 Quantum Shield secure element, which is designed to achieve CNSA 2.0 compliance and post-quantum readiness, enhancing national security against future cryptographic threats from quantum computing [1][5] Product Overview - The QS7001 is the first commercially available hardware-embedded post-quantum cryptography (PQC) secure element, built on a 32-bit Secured RISC-V Architecture Microcontroller, providing high performance and security for resource-constrained environments [2] - It integrates quantum-resistant algorithms at the silicon level, eliminating vulnerabilities associated with software-only implementations, thus ensuring end-to-end protection against future quantum decryption threats [2] Compliance and Standards - The QS7001 supports NIST-standardized algorithms such as Module-Lattice-Based Key Encapsulation Mechanism (ML-KEM) and Module-Lattice-Based Digital Signature Algorithm (ML-DSA), facilitating a gradual migration to quantum-resistant architectures without disrupting existing operations [3] - The chip is configurable for CNSA 1.0, CNSA 2.0, or mixed-mode deployments, enhancing system integrity in various applications [3] Ecosystem and Services - SEALSQ has launched a U.S.-based Post-Quantum Root of Trust, operational since November 21, 2025, which generates CNSA 2.0-compliant Post-Quantum Certificates and device identities, integrating with the QS7001 hardware [4] - Upcoming QVault TPM variants are expected to extend capabilities to trusted platform modules, aiding compliance ahead of the 2027 U.S. government deadline for quantum-resistant cryptography [4] Performance and Security - The QS7001 offers 10x performance gains, superior side-channel resistance, and tamper-proof security, making it suitable for critical sectors such as defense, healthcare, energy, and cryptocurrency [5] - The product has achieved Common Criteria EAL5+ and FIPS 140-3 certifications, indicating enterprise-grade reliability [6] Development and Integration - Developers can utilize SEALSQ's comprehensive SDKs and evaluation kits for immediate integration, with production samples and volume orders of the QS7001 currently shipping [7]
Sagtec Delivers 226% Surge in Net Profit as Revenue Nearly Doubles in 2025 Interim Results
Globenewswire· 2025-11-25 14:00
Core Insights - Sagtec Global Limited reported record-breaking financial results for the nine months ended September 30, 2025, showcasing the strength of its business model and revenue scalability [2][3][4] Financial Performance - Revenue increased to US$15.1 million, a 97% rise from US$7.6 million in the same period last year, driven by strong growth in subscription-based software and technology-enabled hardware solutions [3][4] - Net profit surged 226% year-over-year to US$2.6 million, up from US$799 thousand, attributed to higher operating income and improved gross margins [4][7][13] - Gross profit rose 121% to US$3.6 million, reflecting robust demand and operational leverage [4][11] - EBITDA grew 139% year-over-year, reaching US$3.6 million, supported by strong revenue expansion and operational efficiency [6] Revenue Breakdown - Revenue from services increased by 79% to US$9.5 million, driven by strong renewal momentum and new customer acquisitions [5][6] - Revenue from tangible products grew by 135% to US$5.6 million, supported by digitalization trends in the food and beverage sector [5][6] - Revenue from the new F&B service robotic machine kiosk rental business contributed US$89 thousand, indicating potential for future growth despite longer payback periods [5] Cost and Expenses - Cost of sales rose 91% to US$11.5 million, reflecting the scaling up of operations post-IPO [8][9] - Operating income increased by 135% to US$2.8 million, underscoring improved operational efficiency and cost management [9][11] Cash Position and Capital Allocation - Net cash generated from operating activities was US$1.9 million, compared to US$820 thousand in the same period last year, influenced by working capital movements [15] - Net cash used in investing activities rose to US$6.1 million, reflecting continued investment in strategic assets [16] - Cash and cash equivalents improved to US$313 thousand, a total improvement of US$666 thousand from a deficit of US$353 thousand at the beginning of the period [18] Shareholder Value - Basic and diluted earnings per share (EPS) increased to US$0.20, up from US$0.07, highlighting expanding profitability and sustainable shareholder value generation [14]
More Europe, More Travel: Air Canada Further Expands Network to Offer North America’s Second Largest Transatlantic Network by Destinations
Globenewswire· 2025-11-25 14:00
Core Points - Air Canada is expanding its Summer 2026 global schedule to Europe with new non-stop routes from Toronto, Montréal, and Halifax [1][3] - The new destinations include Berlin, Nantes, Ponta Delgada, and Brussels, enhancing Air Canada's transatlantic network [3][4] - The airline will connect Canada to over 126 global destinations, offering up to 155,000 seats weekly across various regions [5] Route Details - From Montréal to Berlin: Non-stop service three times weekly starting July 2, 2026 [7][6] - From Montréal to Nantes: Non-stop service three times weekly starting June 10, 2026 [10][9] - From Halifax to Brussels: Non-stop service three times weekly starting June 18, 2026 [14][13] - From Toronto to Ponta Delgada: Non-stop service three times weekly starting June 11, 2026 [12][11] - Seasonal service from Montréal to Tel Aviv will resume, operated by a Boeing 787 Dreamliner [16][15] Strategic Importance - The expansion aims to strengthen economic ties and support tourism between Canada and Europe [3] - Air Canada will have North America's second-largest transatlantic network by destinations next summer [4] - The new routes reflect the airline's commitment to international growth and enhancing travel options for customers [5][4]
Rocky Mountain Chocolate Factory Announces Major Growth Surge with Commitments for 34 New Stores
Globenewswire· 2025-11-25 14:00
Core Insights - Rocky Mountain Chocolate Factory, Inc. has announced a significant milestone in its transformation strategy with the rollout of a new store prototype and the signing of four area development agreements for a total of 34 new stores, representing nearly 25% growth in full franchise stores, marking the largest development surge in the company's history [1][3][9] Company Strategy - The new store prototype emphasizes handcrafted chocolate making, featuring a warm interior design and in-store sampling of fresh products made daily, supported by improved operational systems and an upgraded franchise platform [2][3] - The transformation strategy is described as a reaffirmation of the company's heritage and craft, aiming for national growth through sophisticated multi-unit operators [3][9] Franchise Development - The company is experiencing strong interest from franchise operators, with a disciplined sales strategy and improved operational processes contributing to this acceleration [3][9] - Current franchise commitments include a nine-store development plan in Southeast Florida and a ten-store agreement in the greater Chicago metro area, showcasing the brand's appeal to experienced operators [4][5][6] Market Expansion - The first new prototype store opened in Charleston, SC, with plans for eight additional stores across Charleston, Denver, and Santa Fe, indicating a strategic focus on key markets [7][9] - The company is also returning to Central New Jersey with a seven-store plan, highlighting its commitment to re-establishing a presence in regions where it once thrived [8][9] Company Overview - Rocky Mountain Chocolate Factory, Inc. is a leading franchiser of premium chocolate and confectionery retail concepts, operating over 250 stores across the United States and several international locations [10]
STEALTHGAS INC. Reports Third Quarter and Nine Months 2025 Financial and Operating Results
Globenewswire· 2025-11-25 14:00
Core Insights - StealthGas Inc. reported a profitable third quarter in 2025 with a net income of $13.3 million, a 10% increase from $12.1 million in the same period last year, and revenues of $44.5 million, also up 10% year-over-year [4][8][30] - The company has maintained high fleet coverage with 85% of fleet days for 2025 secured on period charters, generating approximately $130 million in contracted revenues [4][9] - The company has successfully repaid all debt obligations in its fully owned fleet, totaling $350 million since December 2022, and currently holds $69.7 million in cash and cash equivalents [4][13][34] Financial Performance - For Q3 2025, revenues increased to $44.5 million from $40.4 million in Q3 2024, attributed to a higher number of vessels and improved market conditions [4][8] - Voyage expenses rose to $7.2 million from $2.9 million in Q3 2024, primarily due to increased bunker costs and port expenses [4][30] - General and administrative expenses decreased to $1.9 million from $2.7 million in Q3 2024, mainly due to lower stock-based compensation [4][30] Nine-Month Results - For the nine months ended September 30, 2025, revenues were $133.8 million, up from $123.8 million in the same period of 2024, driven by an increase in fleet size and market conditions [8][30] - Net income for the nine months was $47.9 million, down from $55.7 million in 2024, with adjusted net income at $52.3 million compared to $60.8 million last year [8][30] - The average number of vessels owned increased to 28.4 in the nine months of 2025 from 27.0 in 2024 [8][30] Fleet and Operations - As of November 2025, the company has total contracted revenues of approximately $130 million, with 46% of fleet days for 2026 secured under period contracts [9][11] - The company completed the sale of the vessel Gas Elixir in November 2025 and is in the process of selling the Eco Invictus, which is expected to enhance liquidity [10][11] - The Eco Wizard remains stranded in Russia, requiring further repairs before it can return to operations, impacting revenue generation [12][30] Management Commentary - The CEO noted a modest seasonal softening in spot rates during summer but highlighted a solid profit quarter due to high period coverage [13] - The company aims to maintain a solid balance sheet and has successfully reduced debt obligations significantly over the past three years [13]
CSX Chief Financial Officer and Chief Operating Officer to Address UBS Global Industrials and Transportation Conference
Globenewswire· 2025-11-25 14:00
Core Viewpoint - CSX Corp. will present at the 2025 UBS Global Industrials and Transportation Conference on December 2, 2025, at 8:50 a.m. Eastern Time, highlighting its role in the transportation sector [1]. Company Overview - CSX, headquartered in Jacksonville, Florida, is a leading transportation company providing rail, intermodal, and rail-to-truck transload services across various markets, including energy, industrial, construction, agricultural, and consumer products [3]. - The company has been integral to the economic expansion and industrial development of the United States for nearly 200 years, connecting major metropolitan areas in the eastern U.S. where about two-thirds of the nation's population resides [3]. - CSX's network links over 240 short-line railroads and more than 70 ocean, river, and lake ports with significant population centers and farming towns [3].