Core Viewpoint - South Star Battery Metals Corp has signed a non-binding indicative term sheet for a US$4,000,000 loan facility with Sprott Streaming to support the development of the Phase 1 Santa Cruz Graphite Mine in Brazil [1][6]. Loan Details - The loan has a maturity of 3 years, with the initial tranche of US$200,000 contingent on US$2,000,000 equity or subordinated debt financing [1][4]. - The loan proceeds will be exclusively used for equipment adjustments, working capital, and process optimization at the Santa Cruz Graphite Mine, aiming for a production ramp-up from 450 tonnes per month to 1,000 tonnes per month [2][6]. - The loan will have an interest rate of 12% per annum for the first 24 months, increasing to 18% for the final 12 months, with a 12-month grace period [4]. Management Commentary - The CEO of South Star expressed satisfaction with the financing partnership with Sprott Streaming, highlighting the importance of this facility for advancing the Santa Cruz Graphite Mine and enhancing the company's position as a critical materials supplier for the energy transition [3][6]. Financial and Operational Strategy - A detailed development plan has been prepared to improve operational performance and ensure consistent product quality at Santa Cruz [2]. - The loan will enhance operational robustness and provide financial flexibility for executing the development plan [2]. Leadership Changes - Mr. Darren Prins has been appointed as the new Chief Financial Officer, bringing over 20 years of experience in finance and accounting [5][7]. - The CEO welcomed Mr. Prins to the team, emphasizing the value of his extensive experience in senior finance roles [8]. Company Overview - South Star is focused on developing battery-metals projects in the Americas, with the Santa Cruz Graphite Project being the first of its kind in the region since 1996 [9]. - The company is also advancing the BamaStar Project in Alabama, which has shown strong economic results in preliminary assessments [10]. ESG Commitment - South Star is committed to high standards of ESG principles, emphasizing transparency, stakeholder engagement, and stewardship in its operations [11].

Financial Performance - JOYY Inc. reported net revenues of US$507.8 million for Q2 2025, a decrease from US$565.1 million in Q2 2024 [5][6] - Live streaming revenue was US$375.4 million, down from US$459.7 million year-over-year, while non-livestreaming revenue increased by 25.6% to US$132.4 million [4][6][7] - Operating income rose to US$5.8 million from US$2.3 million in the same period last year, marking a 155.4% year-over-year increase [11] - Non-GAAP EBITDA reached US$48.2 million, up 25.7% year-over-year from US$38.4 million [12] User Metrics - Global average mobile monthly active users (MAUs) decreased to 262.5 million from 275.2 million year-over-year [5] - Average mobile MAUs for Bigo Live, Likee, and Hago were 29.6 million, 28.5 million, and 3.0 million respectively, all showing declines compared to the previous year [5] - The total number of paying users for BIGO was 1.50 million, down from 1.66 million in Q2 2024 [5] Cost and Profitability - Cost of revenues decreased by 11.9% to US$322.5 million, primarily due to a reduction in the BIGO segment [8] - Gross profit was US$185.2 million, with a gross margin of 36.5%, compared to 35.2% in Q2 2024 [9] - Operating expenses fell to US$179.8 million from US$198.7 million, with significant reductions in sales and marketing expenses [10] Shareholder Returns - The company distributed US$98.5 million in dividends and repurchased US$36.5 million worth of shares in the first half of 2025 [4] - A quarterly dividend of US$0.95 per ADS has been declared for Q3 2025, expected to be paid on October 10, 2025 [20] Business Outlook - For Q3 2025, JOYY expects net revenues to be between US$525 million and US$539 million, reflecting current market conditions and business strategies [18]

Core Insights - The acquisition of Merck's SUSONITY by Global New Material International marks a significant milestone in the globalization of China's materials industry, representing the largest cross-border acquisition in the pearlescent materials sector [2][4][9] - The event symbolizes a strategic shift for Zhejiang entrepreneurs, emphasizing the integration of global resources in technology, branding, channels, and culture, rather than merely capital export or market expansion [5][9] - The establishment of the Asia-Pacific headquarters in Tonglu, Hangzhou, aims to leverage local industrial ecosystems and talent resources to foster global industrial progress [5][9] Company Developments - Global New Material International has officially closed a €665 million acquisition deal for Merck's global Surface Solutions business, SUSONITY, which is a key player in the pearlescent materials industry [4][9] - The acquisition is seen as a step towards the deep integration of the global materials industry value chain, showcasing the capabilities of Zhejiang entrepreneurs in the international market [7][9] Industry Trends - The event will feature a forum on corporate internationalization and cross-border integration practices, highlighting the importance of collaboration among industry leaders, experts, and business representatives [7] - The shift from "going global" to "integrating in" reflects a new paradigm for Zhejiang entrepreneurs, focusing on active integration and coexistence in the global economic landscape [10]

Company Overview - Waystar is a provider of healthcare payment software, aiming to simplify healthcare payments for providers to enhance patient care and financial performance [3] - The company serves approximately 30,000 clients, which includes over 1 million distinct providers, and 16 out of the 20 institutions listed in U.S. News Best Hospitals [3] - Waystar's platform processes over 6 billion healthcare payment transactions annually, handling more than $1.8 trillion in gross claims and covering around 50% of U.S. patients [3] Upcoming Event - CEO Matt Hawkins will present at the Goldman Sachs Communacopia + Technology Conference on September 10, 2025, at 3:05 p.m. PT [1] - A live webcast of the event will be available on Waystar's Investor Relations website, with a recording accessible post-event [2]

Core Insights - Avante Corp. reported solid growth in the first quarter of fiscal 2026, with an 11% year-over-year increase in revenue and a 25% rise in recurring monthly revenue [2][4] - The NSSG division experienced a remarkable 126% increase in revenue, attributed to improved sales processes and operational alignment [2][4] - The company maintains a positive outlook for fiscal 2026, focusing on disciplined growth and expanding its base of recurring revenues [4][7] Financial Performance - For the first quarter ended June 30, 2025, Avante achieved revenue of $8.75 million, an increase of $0.83 million from $7.91 million in the prior year [5] - The gross profit from continuing operations rose by $0.31 million, with gross profit margins stable at 38% [5] - Adjusted EBITDA from continuing operations was reported at $0.36 million, consistent with the previous year's first quarter [5][8] Recurring Monthly Revenue - The recurring monthly revenue (RMR) for the first quarter of fiscal 2026 was $4.06 million, reflecting a 25% increase compared to the same period last year [5][8] - This growth in RMR was driven by an increase in monitoring customers and the introduction of new recurring revenue services [5] Net Income and Cash Flow - Avante recorded a net income of $11 thousand for the first quarter of fiscal 2026, a significant improvement from a net loss of $128 thousand in the prior year [6] - The company achieved positive operating cash flow and remains bank-debt free, holding $4.7 million in cash and $12 million in available credit facilities [2][6] Strategic Focus - The company is committed to leveraging its next-generation technology platforms, including WALL-E and Avante Verified, to drive growth and meet the demand for advanced safety and security solutions [2][4] - Management is focused on creating efficiencies to reduce operating costs through the implementation of a new ERP system [2][4]

Core Viewpoint - The Marquie Group Inc. announced the termination of a buy-sell stock agreement between CEO Marc Angell and Ryan O'Leary due to inability to finalize mutually acceptable terms [1] Group 1 - The buy-sell stock agreement was previously announced but has now been officially terminated [1] - CEO Marc Angell expressed gratitude towards Ryan O'Leary for his efforts in exploring the opportunity and wished him success in future endeavors [1]

Core Insights - Urbanfund Corp. has filed its financial statements for the three and six months ended June 30, 2025, along with the corresponding Management's Discussion and Analysis [1] - The company focuses on investing in Canadian real estate, including both residential and commercial properties, with assets located in various cities across Ontario and Quebec [2] Business Overview and Strategy - Urbanfund is listed on the TSX Venture Exchange under the symbol UFC and operates as a reporting issuer in Alberta, British Columbia, and Ontario [2] - The company's investment strategy emphasizes a mix of residential and commercial properties [2] Operational Highlights - Urbanfund's strength lies in its ability to attract partners with proven expertise in residential and commercial development [3] - The company continues to build strategic alliances to enhance its operational capabilities [3] Results from Operations - For the three months ended June 30, 2025, rental revenue was CAD 2,220,795, a decrease from CAD 2,274,375 in the same period of 2024 [5] - Income before taxes for the same period was CAD 1,443,047, down from CAD 2,036,581 in 2024 [5] - Net income and comprehensive income for the three months ended June 30, 2025, was CAD 1,067,047, compared to CAD 1,272,581 in 2024 [5] Selected Quarterly Information - For the six months ended June 30, 2025, rental revenue totaled CAD 4,315,716, down from CAD 4,450,274 in 2024 [5] - The net income for the six months ended June 30, 2025, was CAD 2,347,821, compared to CAD 3,145,223 in 2024 [5] Financial Position - As of June 30, 2025, total assets were CAD 154,923,194, slightly down from CAD 155,604,351 in 2024 [7] - Total investment properties increased to CAD 109,071,000 from CAD 108,843,000 in 2024 [7] - Total mortgages payable decreased to CAD 54,724,369 from CAD 55,506,091 in 2024 [7] Non-IFRS Measures - Funds from Operations (FFO) for the three months ended June 30, 2025, was CAD 1,566,779, down from CAD 3,247,993 in 2024 [9] - Adjusted Cash Flows from Operations (ACFO) for the same period was CAD 899,676, compared to CAD 5,404,752 in 2024 [11] Liquidity and Capital Resources - Urbanfund reported cash of CAD 8,818,331 and accounts receivable of CAD 249,557 as of June 30, 2025 [14] - The company expects to meet all obligations, including dividends to shareholders and property maintenance [13] Dividend Reinvestment Plan - Urbanfund has a Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest dividends to acquire additional shares at a discount [16] - The annual dividend rate was increased to CAD 0.05 per common share, representing a 67% increase from the previous year [17] Summary of Quarterly Distributions - The company issued 103,406 common shares valued at CAD 78,940 to DRIP participants for the six months ended June 30, 2025 [18]

Company Leadership Changes - Westport Fuel Systems Inc. announced the resignation of Chief Financial Officer William Larkin, effective immediately, with Elizabeth Owens appointed as his successor [1][2] - Larkin will remain in an advisory role until September 15, 2025, to ensure a smooth transition [1] Executive Background - Elizabeth Owens has been with Westport for 10 years, previously serving as Vice President, Finance and Tax, and has extensive experience in multinational corporate environments [3][4] - Owens has held management roles across various industries, including automotive, telecommunications, aviation, and chemical manufacturing, and began her career as a CPA with Deloitte [3] Company Overview - Westport Fuel Systems is a technology and innovation company focused on providing alternative fuel and low-emissions transportation technologies [5] - The company designs, manufactures, and supplies advanced components and systems to facilitate the transition from traditional fuels to cleaner energy solutions [5][6] - Westport supports a variety of clean fuels, including natural gas, renewable natural gas, and hydrogen, helping partners meet performance demands and regulatory requirements [6]

Company Overview - CSLM Digital Asset Acquisition Corp III is a newly organized special purpose acquisition company (SPAC) formed in the Cayman Islands, focusing on acquiring businesses in the digital asset space [1][7] - The company is led by Chairman and CFO Vik Mittal and CEO Charles T. Cassel III, supported by a distinguished board of directors [2] Initial Public Offering (IPO) Details - The company announced the pricing of its IPO, offering 20,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of a redeemable warrant [1] - The IPO is expected to close on August 28, 2025, subject to customary closing conditions, and Cohen & Company Capital Markets is acting as the sole book-running manager [4] Investment Focus - The SPAC aims to target businesses positioned for long-term growth in the digital asset sector, particularly those involved in blockchain and distributed ledger technologies [3] - The focus will be on companies in "new economy sectors" within Frontier Growth Markets, including critical infrastructure such as wallets, custody solutions, exchanges, and tokenized financial instruments [3] Trading Information - The units are expected to trade on The Nasdaq Global Market under the ticker symbol "KOYNU" starting August 27, 2025, with separate trading for Class A ordinary shares and warrants under the symbols "KOYN" and "KOYNW," respectively [1]

Financial Results - Prospect Capital Corporation reported a net investment income (NII) of $79,043,000 for the quarter ended June 30, 2025, down from $102,922,000 in the same quarter of the previous year, representing a decrease of 23% [2] - The NII per common share was $0.17, compared to $0.25 for the same quarter last year [2] - The company experienced a net loss applicable to common shareholders of $(226,369,000) for the quarter, a significant increase from a loss of $(9,050,000) in the same quarter of the previous year [2] - Total assets decreased to $6,804,938,000 from $7,857,092,000 year-over-year [2] - The net asset value (NAV) per common share fell to $6.56 from $8.74 a year ago [2][27] Distribution and Shareholder Information - Distributions to common shareholders for the quarter totaled $61,181,000, with a distribution per common share of $0.135, unchanged from the previous quarter but down from $0.18 a year ago [2] - Cumulative paid and declared distributions to common shareholders reached approximately $4.6 billion, equating to $21.66 per share since inception [5] - The company declared monthly cash distributions of $0.0450 for September and October 2025 [4] Investment Strategy and Portfolio Update - As of June 30, 2025, the company has invested over $22 billion across more than 450 investments, with a realized gross internal rate of return (IRR) of approximately 12% on exited investments [6][7] - The focus has shifted towards first lien senior secured middle market loans, which now represent 70.5% of the investment portfolio, an increase of 642 basis points from the previous year [7] - The company has reduced its second lien senior secured middle market loans to 14.4% and exited its subordinated structured notes portfolio, which now represents only 0.6% of the investment portfolio [7][9] Capital and Liquidity - The company has a diversified funding profile, including a $2.1 billion revolving credit facility and has successfully retired multiple upcoming maturities [15] - As of June 30, 2025, the weighted average cost of unsecured debt financing was 4.52%, reflecting an increase from the previous year [19] - Unfunded eligible commitments to portfolio companies totaled approximately $40.7 million, representing 0.6% of total assets [16] Management and Ownership - Senior management and employees own 28.5% of all common shares outstanding, valued at approximately $0.9 billion based on NAV [11]