Cemtrex, Inc. Announces Launch of Proposed Public Offering
Globenewswire· 2025-05-28 00:05
Core Viewpoint - Cemtrex, Inc. has initiated a public offering of Common Stock and pre-funded warrants to raise capital for general corporate purposes, debt repayment, and working capital needs [1][2]. Group 1: Offering Details - The offering is being managed by Aegis Capital Corp. on a firm commitment basis [3]. - The offering is conducted under an effective shelf registration statement filed with the SEC, which was declared effective on February 3, 2025 [3]. - A final prospectus supplement and accompanying prospectus will be filed with the SEC and made available on their website [3]. Group 2: Company Overview - Cemtrex, Inc. operates in the Security and Industrial sectors, with its Security segment providing advanced video management software and integrated surveillance solutions [5]. - The Industrial segment offers expert services such as rigging and equipment installation to manufacturers across the nation [5]. - The company emphasizes innovation, execution, and strategic growth to enhance safety, efficiency, and value for customers and shareholders [5].
Canadian North Resources Inc. Reports Operational and Financial Results for the First Quarter Ended March 31, 2025
Globenewswire· 2025-05-28 00:01
Core Viewpoint - Canadian North Resources Inc. reported positive operational and financial results for Q1 2025, highlighting advancements in bio-leaching technology for the Ferguson Lake Project, which could lead to lower costs and a reduced carbon footprint in mining operations [2][3][6]. Financial Performance - For the quarter ended March 31, 2025, the company reported cash and cash equivalents of $771,839 and a net profit of $46,394, equating to $0.00 per share [9]. Project Development - The company commenced extensive bio-leaching tests for the Ferguson Lake Project, achieving nickel extraction rates of 97.8-98.9% and cobalt extraction rates of 96.0-97.7%, with initial copper extractions of 73.6-75.4% [3][6]. - The bio-leaching tests aim to develop a mineral processing flowsheet that simplifies processing and reduces capital expenditures, energy consumption, and operating costs [3][6]. Community Engagement - The company has increased communications with local communities, governments, and investors regarding the potential development of the Ferguson Lake Project following community engagement programs in 2024 [3][5][6]. Shareholder Value Initiatives - The company repurchased 162,500 common shares at an average price of $0.97 per share under its Normal Course Issuer Bid (NCIB), reflecting management's commitment to returning value to shareholders [7][13]. - The company believes the current market price does not fully represent the intrinsic value of its common shares [7][13]. Industry Context - Canadian North Resources focuses on critical metals for clean energy, electric vehicles, and battery industries, advancing its 100% owned Ferguson Lake project, which is one of the largest and highest-grade deposits in North America [11][12].
Freight Technologies Exchanges Senior Convertible Notes for Series A4 Preferred Shares under the $20 Million Facility
Globenewswire· 2025-05-27 23:50
Core Points - Freight Technologies, Inc. has entered into an Amendment and Exchange Agreement with an accredited investor to convert $1.5 million of senior convertible notes into Series A4 preferred shares [1][2] - The net proceeds from a $20 million Facility are designated for the purchase of OFFICIAL TRUMP coins [1] - The New Preferred Shares can be converted into ordinary shares, and the company must reserve enough ordinary shares for this conversion [2] - The total number of ordinary shares issued upon conversion of New Preferred Shares is limited to 19.9% of the outstanding ordinary shares unless stockholder approval is obtained [3] Company Overview - Freight Technologies, Inc. (Nasdaq: FRGT) is a technology company focused on logistics management, offering a range of AI and machine learning-driven solutions to optimize supply chain processes [5] - The company's portfolio includes various platforms such as Fr8App for B2B cross-border shipping, Fr8Now for less-than-truckload shipping, and Fleet Rocket for transportation management [5] - The company is headquartered in Houston, Texas, and aims to improve operational efficiency through innovative technologies like live pricing and real-time tracking [5]
Aja Health and Wellness Inc. Announces Launch of Nasal Product for Migraine Headache Relief and Provides Update on Delay in Filing Financial Statements
Globenewswire· 2025-05-27 23:41
Core Viewpoint - Aja Health and Wellness Inc. is launching a nasal spray product for migraine relief, targeting a significant market of migraine sufferers in the United States and globally [2][4]. Product Launch - Aja Therapeutics Inc. has completed initial testing of the nasal spray and plans to release it for retail sale in the United States on May 28, 2025, available for purchase at www.easemyheadache.com [3]. - The nasal spray utilizes a proprietary flavonoid extract that aims to provide fast relief from migraine pain without side effects or long-term damage [4]. Market Opportunity - There are approximately 32 million migraine sufferers in the United States seeking alternatives to traditional migraine treatments, with an additional 16 million in Canada and the United Kingdom, indicating a substantial global market opportunity for the product [4]. Financial Reporting Update - Aja is nearing the completion of its annual audited financial statements for the year ending December 31, 2024, after a delay caused by the auditors' need for guidance on a reverse takeover transaction [5][6]. - The company expects to engage a valuator by June 2, 2025, to complete the necessary valuation for the financial statements, with an anticipated filing date for the required annual filings by July 31, 2025 [6]. Interim Financial Statements - Due to the delay in annual filings, Aja anticipates being unable to file its unaudited interim financial statements for the three months ended March 31, 2025, by the May 30, 2025 deadline, but plans to file them concurrently with the annual filings [9].
Kochav Defense Acquisition Corp. Announces Pricing of $220,000,000 Initial Public Offering
Globenewswire· 2025-05-27 23:39
Company Overview - Kochav Defense Acquisition Corp. is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [2] - The company intends to focus on the defense and aerospace industries for its initial business combination target [2] - The management team includes Menny Shalom as CEO and Asaf Yarkoni as CFO, with independent directors Doron Dovrat, Yair Ramati, and Gill Zaphrir [2] Initial Public Offering (IPO) Details - The company announced the pricing of its IPO, offering 22,000,000 units at a price of $10.00 per unit [1] - The units are expected to be listed on the Nasdaq Global Market under the ticker symbol "KCHVU" starting May 28, 2025 [1] - Each unit consists of one Class A ordinary share and one right to receive one-seventh (1/7) of a Class A ordinary share upon the completion of the initial business combination [1] - The offering is expected to close on May 29, 2025, subject to customary closing conditions [1] Underwriting and Legal Counsel - SPAC Advisory Partners LLC acted as the sole book-running manager for the offering [3] - Legal counsel for the company includes Ellenoff Grossman & Schole LLP and Appleby (Cayman) Ltd., while Loeb & Loeb LLP served as legal counsel to the underwriters [3] - The company has granted underwriters a 45-day option to purchase up to an additional 3,300,000 units at the IPO price to cover over-allotments [3] Regulatory Information - A registration statement relating to the units and underlying securities was declared effective by the Securities and Exchange Commission on May 27, 2025 [4] - The offering is being made only by means of a prospectus, which can be obtained from Kingswood Capital Partners, LLC [5]
Jamieson Wellness Inc. Announces Voting Results from 2025 Annual Meeting of Shareholders
Globenewswire· 2025-05-27 23:09
Group 1 - Jamieson Wellness Inc. announced the election of all nominee directors at the annual meeting, with high approval rates for each director [1] - Heather Allen received 99.86% of votes for her election, while Dr. Louis Aronne received 99.92%, and Tania Clarke received 99.99% [1] - The final results of all matters voted at the meeting will be filed with Canadian securities regulatory authorities and available on the Company's SEDAR+ profile [1] Group 2 - Jamieson Wellness is Canada's 1 vitamins, minerals, and supplements brand, established in 1922 [2] - The Company offers a variety of innovative VMS products and sports nutrition products under multiple brands, including youtheory, Progressive, Smart Solutions, Iron Vegan, and Precision [2] - Jamieson Wellness is committed to responsible business practices and is a participant in the United Nations Global Compact [2]
Yerbaé Partners with National Foodservice Provider, Guckenheimer
Globenewswire· 2025-05-27 23:02
Core Insights - Safety Shot, Inc. has announced a strategic distribution partnership with Guckenheimer, significantly expanding Yerbaé's presence in corporate dining across the U.S. [1][2] - The partnership will allow Yerbaé to introduce its plant-based functional beverages to Guckenheimer's 480 market and café locations, serving notable companies like Google and Texas Instruments [1][2] - Vistar, a division of Performance Food Group, will facilitate the distribution of Yerbaé products through its nationwide network [2] Company Overview - Yerbaé Brands Corp. was founded in 2017 and focuses on creating plant-based functional beverages that are zero sugar and zero calorie, utilizing yerba mate as a key ingredient [6][7] - The company aims to meet the needs of wellness-oriented consumers by providing beverages that are non-GMO and gluten-free [7] - Safety Shot, Inc. has developed a patented wellness product, Sure Shot, which lowers blood alcohol content and enhances clarity and energy [8] Product Offerings - Guckenheimer will feature Yerbaé's 12-ounce energy line, including flavors such as Mango Passionfruit and Watermelon Strawberry, as well as its original unsweetened seltzer line [4] - The collaboration is seen as a significant milestone in Yerbaé's mission to provide better-for-you beverages to consumers nationwide [5]
Fountain Asset Corp. Announces Its Financial Results for the Quarter Ended March 31, 2025
Globenewswire· 2025-05-27 22:58
Core Insights - Fountain Asset Corp. reported financial results for Q1 2025, highlighting significant realized gains and a focus on reducing operating expenses [1][2][5] Financial Performance - The company realized $1.29 million in gains from the sale of portfolio investments during Q1 2025 [3] - Net assets as of March 31, 2025, were valued at $5.57 million, or $0.09 per share, reflecting a slight increase from $5.51 million, or $0.09 per share, at the end of 2024 [4][8] - Net comprehensive income for Q1 2025 was $0.05 million, a recovery from net comprehensive losses of $0.45 million in Q1 2024 [8] - Total gains from investment activities amounted to $0.39 million, compared to losses of $0.28 million in Q1 2024 [8] - The company reported net unrealized losses of $0.96 million on portfolio investments, contrasting with net unrealized gains of $0.04 million in Q1 2024 [8] - Total expenses for Q1 2025 were $0.34 million, up from $0.17 million in Q1 2024, while operating expenses remained stable at $0.16 million compared to $0.17 million in Q1 2024 [8] Strategic Focus - The CEO emphasized the company's commitment to growth-oriented goals and the importance of realigning the investment portfolio to capitalize on market trends [5] - The company continues to seek ways to reduce ongoing expenditures while maximizing revenues to enhance its financial position [5][6]
Enlight Announces Conference Call to Discuss “Enlight and the IRA Transition” on May 29, 2025
Globenewswire· 2025-05-27 22:55
Core Viewpoint - Enlight Renewable Energy is set to discuss its growth potential in light of the current review of U.S. renewable energy tax credits policy during an upcoming conference call [1][2]. Group 1: Company Overview - Enlight Renewable Energy, founded in 2008, develops, finances, constructs, owns, and operates utility-scale renewable energy projects [4]. - The company operates in the three largest renewable segments: solar, wind, and energy storage, with a global presence in the United States, Israel, and 10 European countries [4]. - Enlight has been publicly traded on the Tel Aviv Stock Exchange since 2010 and completed its U.S. IPO in 2023 [4]. Group 2: Conference Call Details - The conference call is scheduled for Thursday, May 29, 2025, at 8:00 a.m. ET [2][3]. - Management will provide an overview of the company's growth potential and the implications of U.S. renewable energy tax credits policy [2]. - The call will include prepared remarks followed by a question and answer session [2].
Mercer International Inc. Releases 2024 Sustainability Report
Globenewswire· 2025-05-27 22:29
Core Insights - Mercer International Inc. released its 2024 Sustainability Report, highlighting progress towards its 2030 sustainability goals, focusing on emissions reduction, resource efficiency, and renewable bioproducts [1][3] Group 1: Sustainability Achievements - In 2024, 83% of fuel-based energy used by the company came from renewable sources, moving towards a 90% target by 2030 [4] - The Total Recordable Incident Rate (TRIR) improved by 25%, decreasing from 3.68 to 2.76 [2] - Landfill waste was reduced to 16.6 kg/ADMT, a 24% improvement over the 2019 baseline, aiming for a 30% reduction by 2030 [4] - Water consumption at pulp mills decreased by 8% year-over-year due to operational efficiencies [4] Group 2: Governance and Reporting - The company secured third-party assurance of its emissions data and aligned with evolving disclosure standards, improving its Sustainalytics ESG Risk Rating from 21.4 in 2023 to 17.6 (low risk) [4] - Mercer completed its third climate scenario analysis to enhance climate risk assessment and disclosure [4] - A double materiality assessment was conducted to align with the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS) requirements [4] Group 3: Recognition and Future Outlook - Mercer received the 2024 SFI President's Award for leadership in mass timber and supply chain certification [4] - The company remains committed to integrating sustainability into core business decisions and delivering long-term value for stakeholders [3]