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Hapbee Is Upgrading U.S. Listing to OTCID to Expand Investor Access and Increase Market Visibility
Globenewswire· 2025-06-12 21:00
Group 1: Company Update - Hapbee Technologies Inc. has upgraded its U.S. listing from the OTC Pink Sheets to the OTCID tier on the OTC Markets Group platform, effective July 1, 2025 [1][2] - The upgrade reflects the company's commitment to enhancing transparency and accessibility for a broader group of U.S.-based retail and institutional investors [2][3] - The CEO of Hapbee expressed excitement about the upgrade, stating it provides U.S. investors with improved visibility and access to the company's shares in a more structured trading environment [3] Group 2: Financial Statements Update - The filing of the annual audited financial statements for the year ended December 31, 2024, remains delayed, with the company expecting to file these statements within the next seven days [5][6] - The auditor is finalizing the audit for review by the company's audit committee, and the company does not anticipate issues in completing the required filings by June 30, 2025 [6] - A Management Cease Trade Order (MCTO) was issued on May 1, 2025, restricting trading by the company's CEO and CFO, but it does not affect other investors [7][8] Group 3: Company Overview - Hapbee is a digital wellness company that utilizes ultra-low radio frequency energy (ulRFE®) in its wearable devices to promote wellness states such as focus, relaxation, and improved sleep [10] - The company's product ecosystem includes the Hapbee Mobile App, Smart Sleep Pad, Neckband, and Immersive Mattress Topper, catering to wellness enthusiasts, athletes, and health professionals [11]
Daré Bioscience Announces Adjournment of Annual Meeting of Stockholders
Globenewswire· 2025-06-12 21:00
Core Points - Daré Bioscience, Inc. convened its 2025 annual meeting of stockholders but adjourned it due to a lack of quorum, with plans to reconvene on July 9, 2025 [1][2] - Stockholders who have already submitted proxies or voted do not need to vote again, as their submissions will remain valid [3] - The company emphasizes the importance of voting for stockholders who have not yet participated, providing instructions for online and telephone voting [4] Company Overview - Daré Bioscience is a biopharmaceutical company focused on women's health, aiming to address unmet needs through innovative solutions [8] - The company has developed products such as XACIATO™, a vaginal gel for bacterial vaginosis, and is working on other candidates like Ovaprene® and Sildenafil Cream for various women's health issues [9][10] - Daré's leadership has received recognition for contributions to innovation and advocacy in women's health [11]
LGI Homes Launches New Premier Master Planned Community at Magnolia Woods
Globenewswire· 2025-06-12 21:00
Core Insights - LGI Homes is launching a new master-planned community named Magnolia Woods in Magnolia, Texas, featuring over 1,300 single-family homesites [1][2] - The community will offer homes under both LGI Homes and Terrata Homes brands, catering to a diverse range of buyer needs [4][10] - Magnolia Woods is strategically located near major employers and amenities, enhancing its appeal to potential homeowners [2][13] Company Overview - LGI Homes, headquartered in The Woodlands, Texas, has been a pioneer in the homebuilding industry since 2003, closing over 75,000 homes and achieving profitable results annually [14] - The company is recognized for its quality construction and customer service, earning accolades such as being named to Newsweek's list of the World's Most Trustworthy Companies [14] Community Features - Magnolia Woods will include various onsite amenities such as Flower Patch Park, a dog park, and integrated walking trails, enhancing the lifestyle for residents [11] - The community will provide access to high-quality education through the Magnolia ISD school system, with Magnolia High School being notably recognized [12] Market Context - Montgomery County, where Magnolia Woods is located, is the 7th-fastest growing county in the U.S., with a population growth of nearly 5% year-over-year [2] - The proximity to The Woodlands, recognized as one of the best job markets in the U.S., positions Magnolia Woods favorably for attracting new residents [2]
FOBI AI Inc. Announces Closing of the Sale of German Subsidiary
Globenewswire· 2025-06-12 20:53
Core Points - Fobi AI Inc. has completed the sale of its wholly owned German subsidiary, Fobi AI Germany GmbH, to a third-party purchaser for a total of EUR 1,540,000 [1][2] - The transaction includes a cash purchase price of EUR 1,400,000 and an additional EUR 140,000 paid on behalf of Fobi by the purchaser [2] - Fobi has been granted a non-exclusive, worldwide, irrevocable license to use the "Passcreator Software" for a payment of EUR 140,000, with a term of 48 months [3] Company Overview - Fobi AI Inc. is an AI and data intelligence company founded in 2017 in Vancouver, Canada, focusing on digital transformation and customer data monetization [5] - The company serves various sectors including retail, insurance, sports, and entertainment, and is recognized as a leader in technology and data intelligence in North America and Europe [6]
DraftKings to Introduce Transaction Fee in Illinois
Globenewswire· 2025-06-12 20:41
BOSTON, June 12, 2025 (GLOBE NEWSWIRE) -- In response to the recent and prior sports wagering tax increases passed by the Illinois state legislature on all mobile and online sports wagers placed with licensed operators, DraftKings Inc. (Nasdaq: DKNG) today announced that it will implement a 50-cent transaction fee on all mobile and online bets placed in Illinois through DraftKings Sportsbook, effective September 1, 2025. “Illinois has been an important part of our growth, and we’re proud to have contributed ...
Xometry Announces Convertible Debt Refinancing and Closing of $250 Million of 0.75% Convertible Senior Notes Offering
Globenewswire· 2025-06-12 20:41
Issued $250 million principal amount of convertible notes due in 2030, with the proceeds used in part to retire approximately $202 million principal amount of existing convertible notes due in 2027Opportunistic refinancing extends the maturity of most of Xometry’s existing debt with improved terms, a lower coupon and reduced potential dilution to the existing capital structureXometry purchased a capped call hedge with a cap price initially at $63.35, which represents a 75% premium over the market price on t ...
Draganfly Announces Closing of US$13.75 Million Public Offering
Globenewswire· 2025-06-12 20:40
Saskatoon, SK., June 12, 2025 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), a drone solutions, and systems developer, today announced the closing of its previously announced public offering (the “Offering”) of 5,500,000 units, with each unit consisting of one common share and one warrant to purchase one common share. Each unit was sold at a public offering price of US$2.50, for gross proceeds of approximately US$13.75 million, before deducting plac ...
Coherent Introduces Breakthrough Diamond-Silicon Carbide Material for Next Generation Thermal Management in AI and High-Performance Computing
Globenewswire· 2025-06-12 20:35
Core Insights - Coherent Corp. has launched a diamond-loaded silicon carbide (SiC) ceramic composite aimed at improving thermal management in advanced AI datacenters and high-performance computing (HPC) systems [1][4] Product Features - The new diamond-silicon carbide material achieves isotropic thermal conductivity exceeding 800 W/m-K, which is twice the performance of copper, the current industry standard [2] - The composite closely matches the coefficient of thermal expansion (CTE) of silicon, making it suitable for direct integration with semiconductor devices [2] Performance Benefits - The diamond-SiC material significantly enhances reliability, extends component lifetimes, and reduces cooling costs, which can account for up to 50% of a datacenter's energy consumption [3] - The composite is designed to be corrosion-resistant, electrically insulating, and mechanically robust across a wide temperature range, making it compatible with direct liquid cooling (DLC) systems [3] Applications - Key applications for this innovation include direct to chip heat spreading, microchannel cold plates, semiconductor device substrates, and other advanced solutions where traditional copper-based materials are inadequate [3]
Finning appoints David Primrose as Executive Vice President and Chief Financial Officer
Globenewswire· 2025-06-12 20:30
Core Viewpoint - Finning International Inc. has appointed David Primrose as the new Chief Financial Officer (CFO) following the departure of Greg Palaschuk, who is leaving for another opportunity in the financial services sector [1][2]. Company Leadership Transition - The appointment of David Primrose is part of the company's succession planning process [2]. - Greg Palaschuk will remain with the company until July 31, 2025, in an advisory role to ensure a smooth transition [2]. - Kevin Parkes, President and CEO, acknowledged Greg's positive impact and contributions during his tenure as CFO [3]. David Primrose's Background - David Primrose has held various senior management roles at Finning over his 36-year career, including President of Finning Canada and Managing Director for Finning UK and Ireland [4][5]. - He is a Chartered Professional Accountant and is expected to drive the execution of the company's strategy and financial results [4][5]. Company Overview - Finning is the world's largest Caterpillar dealer, providing equipment, parts, services, and performance solutions across multiple regions including Western Canada, Chile, Argentina, Bolivia, the UK, and Ireland [6].
Seneca Foods Reports Sales and Earnings for the Quarter and Twelve Months Ended March 31, 2025
Globenewswire· 2025-06-12 20:28
Executive Summary - Seneca Foods Corporation reported strong financial results for fiscal 2025 despite challenges such as a rainy growing season, increasing costs, and fluctuating tariffs, with a net debt reduction of $297 million year-over-year [2][3] - The company experienced increased sales volumes and excellent operating cash flow, although high costs from the previous year impacted margins in the short term [2] Financial Performance - For the twelve months ended March 31, 2025, net sales totaled $1,578.9 million, an increase of $120.3 million from $1,458.6 million in the previous year, driven by higher sales volumes, increased selling prices, and a favorable product mix [6] - Gross margin as a percentage of net sales decreased to 9.5% for the twelve months ended March 31, 2025, compared to 12.9% for the same period in 2024 [6] - In the fourth quarter of fiscal 2025, net sales were $345.8 million, up from $308.0 million in the fourth quarter of fiscal 2024, reflecting a year-over-year increase of $37.8 million [7] - Gross margin for the fourth quarter was 4.5%, down from 6.7% in the same quarter of the previous year [7] Earnings and Adjustments - Adjusted net earnings for the twelve months ended March 31, 2025, were $67.1 million, compared to $80.2 million for the same period in 2024 [5] - Earnings before income taxes for the twelve months ended March 31, 2025, were reported at $54.5 million, down from $83.0 million in the previous year [5] - EBITDA for the twelve months ended March 31, 2025, was $136.96 million, compared to $167.30 million for the same period in 2024 [8] Company Overview - Seneca Foods is a leading provider of packaged fruits and vegetables in North America, sourcing products from over 1,100 American farms and distributing to approximately 55 countries [3] - The company holds a significant market share in various segments, including retail private label, food service, and industrial products, and operates under well-known brands such as Libby's®, Green Giant®, and Aunt Nellie's® [3]