XOMA Royalty Announces Closing of Transactions to Acquire LAVA Therapeutics N.V.
Globenewswire· 2025-11-21 12:45
Core Insights - XOMA Royalty Corporation has completed the acquisition of LAVA Therapeutics N.V., with shareholders receiving $1.04 in cash per share and a contingent value right (CVR) [1][2] - The acquisition aligns with XOMA's strategy of enhancing its portfolio through partnerships with established oncology firms like Johnson & Johnson and Pfizer, potentially leading to significant value creation [2][3] Acquisition Details - The acquisition involved a total of 23,956,708 shares validly tendered, representing approximately 91.1% of the outstanding shares as of the final expiration date [2] - Following the acquisition, LAVA underwent a corporate reorganization, resulting in XOMA acquiring 100% of LAVA's shares, with remaining shareholders receiving the same cash and CVR consideration [3] Financial Aspects - LAVA shareholders are entitled to receive 75% of net proceeds from LAVA's partnered assets and any out-licensed or sold unpartnered programs, along with potential additional payments of up to approximately $0.23 per CVR [1][2] - The acquisition is expected to drive future milestones and royalties, enhancing the financial outlook for both XOMA and LAVA CVR holders [2] Legal and Advisory Information - XOMA Royalty was advised by Gibson, Dunn & Crutcher LLP and Loyens & Loeff N.V., while LAVA was represented by Leerink Partners and Cooley LLP [4]
Pasinex Announces Q3 2025 Financial Results and Provides Corporate Update
Globenewswire· 2025-11-21 12:44
Core Insights - Pasinex Resources Limited reported financial results for the three and nine months ended September 30, 2025, showing a net income of $42,989 for the quarter but a net loss of $1,128,423 for the nine-month period, primarily due to an equity loss compared to an equity gain in the previous year [2][8] - The company has made significant progress in acquiring full ownership of key assets, including the Horzum zinc mine and the Sarıkaya project, which are expected to enhance its operational capacity and profitability [3][4][8] Financial Performance - For the three months ended September 30, 2025, the share of net equity loss from joint ventures was $(77,708), compared to a gain of $112,432 in 2024 [2] - The consolidated net income (loss) for the nine months ended September 30, 2025, was $(1,128,423), a significant increase in loss from $(256,655) in 2024, attributed to higher general and administrative costs and interest expenses [2] - Total assets increased to $4,053,376 as of September 30, 2025, from $3,557,225 in 2024, while total liabilities decreased to $3,869,640 from $4,900,852 [2] Recent Developments - On September 11, 2025, Pasinex signed a Share Transfer and Settlement Agreement with Kurmel Holding to acquire 100% ownership of Horzum A.Ş., which includes the Pinargözü zinc mine [3][4] - The company also completed a private placement of common shares, raising gross proceeds of C$2,331,540, increasing the total shares outstanding to 204,813,876 [7] - The company announced a change in its financial year-end from December 31 to March 31 to align better with industry peers [6] Strategic Outlook - Pasinex is focused on developing high-grade zinc deposits in Türkiye and Nevada, with zinc grades ranging from 25% to 50%, which are economically equivalent to copper grades of approximately 9% to 15% [10][11] - The company aims to achieve cash flow positivity within the next two years, supported by a detailed development and exploration plan for its mines [8] - The Sarıkaya license is highlighted as a significant opportunity for direct shipping ore and potential major zinc discoveries [12]
BULGOLD Announces Filing of Third Quarter Financial Results for the Three and Nine Months Ended September 30, 2025
Globenewswire· 2025-11-21 12:30
Core Insights - BULGOLD Inc. reported a net comprehensive loss of $111,218 for Q3 2025 and $263,647 for the nine months ending September 30, 2025, with a cash balance of $846,652 as of the same date [1][2]. Company Overview - BULGOLD Inc. is a gold exploration company focused on mineral exploration projects in Central and Eastern Europe, controlling 100% of three gold projects in Bulgaria and Slovakia [2]. - The company's projects include the Lutila Gold Project, the Kostilkovo Gold Project, and the Kutel Gold Project, which are believed to have potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralization [2]. Shareholder Information - As of September 30, 2025, BULGOLD had 49,132,335 issued and outstanding shares, with approximately 28.3% held by Founders, Directors, and Management [3].
Revival Gold Announces AGM Results
Globenewswire· 2025-11-21 12:30
Core Points - Revival Gold Inc. held its Annual General Meeting (AGM) on November 20, 2025, in Toronto, where shareholders voted on the election of directors and approved all items of business [1][2] - A total of 130,728,552 common shares, representing 48% of the Company's issued and outstanding shares, were voted [2] - All director nominees received significant support, with votes for Tim Warman, Hugh Agro, Robert Chausse, Wayne Hubert, and Larry Radford exceeding 99.9% [2] - Tim Warman was re-appointed as Non-Executive Chairman, and other key committee chairs were also confirmed [2][3] - The executive leadership team, including Hugh Agro as President & CEO, was re-appointed [3] - The Company granted 5,300,000 incentive stock options to directors, officers, and consultants, exercisable at $0.70 per share for five years [4] Company Overview - Revival Gold is a prominent gold mine developer in the United States, focusing on the Mercur Gold Project in Utah and the Beartrack-Arnett Gold Project in Idaho [5] - The Company is listed on the TSX Venture Exchange under the ticker "RVG" and on the OTCQX Market under "RVLGF" [5] - Headquarters are located in Toronto, Canada, with an exploration and development office in Salmon, Idaho [5]
AGF Investments Announces November 2025 Cash Distributions for AGF Enhanced U.S. Equity Income Fund, AGF Total Return Bond Fund and AGF Systematic Global Infrastructure ETF
Globenewswire· 2025-11-21 12:25
Core Points - AGF Investments Inc. announced cash distributions for November 2025 for three funds, with payments scheduled for December 4, 2025 [1] - The cash distribution amounts per unit are as follows: AGF Enhanced U.S. Equity Income Fund at $0.179647, AGF Total Return Bond Fund at $0.102000, and AGF Systematic Global Infrastructure ETF at $0.159133 [1] Company Overview - AGF Management Limited, founded in 1957, is an independent asset management firm with a focus on public and private markets [5] - The firm manages over $59 billion in total assets and serves more than 815,000 investors [7] - AGF operates through three business lines: AGF Investments, AGF Capital Partners, and AGF Private Wealth [5][6]
Gulf & Pacific Equities Corp. reports on Third Quarter Results with Revenue of $1,134,846
Globenewswire· 2025-11-21 12:15
Core Insights - Gulf & Pacific Equities Corp. reported a 3.0% decrease in revenues to $1,134,846 for the quarter ended September 30, 2025, compared to $1,169,849 in the same period last year [1] - The company’s nine-month revenue for fiscal 2025 was $3,392,209, slightly down from $3,401,615 in fiscal 2024 [3] - The net income before fair value adjustments for the three months ended September 30, 2025, was $138,922, an increase from $93,131 in the same period last year [3] Financial Performance - Revenue for the three months ended September 30, 2025: $1,134,846, down from $1,169,849 in 2024 [3] - Nine-month revenue for fiscal 2025: $3,392,209, compared to $3,401,615 in fiscal 2024 [3] - Net income (loss) for the three months ended September 30, 2025: $42,054, compared to $133,199 in 2024 [3] - Net income (loss) before fair value adjustments for the nine months ended September 30, 2025: $212,394, compared to $60,761 in 2024 [3] Company Overview - Gulf & Pacific Equities Corp. focuses on the acquisition, management, and development of anchored shopping centers in Western Canada, particularly in Alberta [6] - The company targets smaller, rapidly growing hub communities with essential services such as hospitals and high schools [6] - Gulf & Pacific owns three retail assets located in Three Hills, St. Paul, and Cold Lake, Alberta [6]
Polar Power Inc. Receives Purchase Order for Mobile Electric Vehicle Fast Chargers to Address the Growing Need for Emergency Roadside Assistance
Globenewswire· 2025-11-21 12:00
Core Insights - Polar Power Inc. has received an initial purchase order for fifty next-generation EVMC30K mobile chargers, aimed at providing emergency roadside fast-charging for electric vehicles that have depleted their batteries before reaching a charging station [1][12] Product Overview - The EVMC30K Chargers deliver up to 30 kW of level 3 fast charging power, enabling stranded EV drivers to resume their journey quickly without the need for towing [2] - These chargers operate independently of the grid, utilizing a propane-fueled Toyota prime power engine and a high-efficiency Polar DC alternator, and are also available in natural gas and diesel options [2] - The charging time for the EVMC30K Chargers is between 15 to 30 minutes, sufficient for drivers to reach the nearest charging station, similar to providing gasoline to a stranded motorist [3] Market Need and Applications - There is a significant market demand for mobile EV charging solutions, particularly for automotive dealerships, car rental agencies, and fleet operators who face challenges with EVs losing charge during transportation or storage [4][10] - The mobile charging technology addresses critical pain points such as range anxiety and phantom discharge, providing a practical alternative to towing [4] - Polar Power's compact DC-based system can be installed on small vehicles, making it more versatile compared to existing mobile charging solutions that require larger transport vehicles [4] Business Strategy - Polar Power is negotiating a two-year distribution agreement for sales and service of its mobile chargers, which is expected to enhance its presence in the niche market of mobile EV charging solutions [4]
Inotiv, Inc. to Report Fiscal 2025 Fourth Quarter and Full Year Financial Results and Host Conference Call on Wednesday, December 3, 2025
Globenewswire· 2025-11-21 12:00
Core Viewpoint - Inotiv, Inc. will release its financial results for the fiscal year 2025 on December 3, 2025, and will host a conference call to discuss these results [1]. Company Overview - Inotiv, Inc. is a leading contract research organization that specializes in nonclinical and analytical drug discovery and development services, as well as research models and related products [3]. - The company's focus is on enhancing efficiency, improving data quality, and reducing costs associated with bringing new drugs and medical devices to market [3]. - Inotiv is dedicated to supporting research and development objectives, aiming to help researchers maximize the potential of their projects while contributing to a healthier and safer world [3].
OTC Markets Group Welcomes PT Medco Energi Internasional TBK to OTCQX
Globenewswire· 2025-11-21 12:00
Core Insights - PT Medco Energi Internasional TBK has qualified to trade on the OTCQX Best Market, upgrading from the Pink market, which enhances its visibility and accessibility for U.S. investors [1][4] - The upgrade signifies a commitment to transparency and adherence to high financial standards and corporate governance practices [3][4] - Medco Energi operates in the energy sector with core business segments including Oil & Gas, Power, and Copper & Gold Mining, focusing on sustainable practices and advanced technologies [5] Company Overview - PT Medco Energi Internasional TBK is a leading energy and natural resource company in Southeast Asia, with a diversified portfolio that meets a broad range of energy demands [5] - The company employs advanced technologies for enhanced oil recovery and gas processing, and focuses on reliable electricity generation from renewable sources [5] - Medco Energi aims to create value for shareholders while adhering to responsible and sustainable operational practices [5] Market Context - OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities, providing a platform for companies to access U.S. financial markets efficiently [6] - The OTCQX Market supports issuers from 37 countries, reflecting the growing global reach and importance of this trading platform [4]
D-Wave Completes Redemption of Public Warrants
Businesswire· 2025-11-21 12:00
Core Viewpoint - D-Wave Quantum Inc. has completed the redemption of all outstanding public warrants, with the redemption date set for November 19, 2025, marking a significant step in the company's financial management and capital structure [1][4]. Summary by Sections Redemption of Warrants - D-Wave announced the completion of the redemption of all public warrants to purchase shares of common stock, with a redemption date of November 19, 2025 [1]. - Prior to the redemption announcement on October 20, 2025, 4,746,358 warrants were exercised, resulting in approximately 6.9 million shares of common stock being issued at an exercise price of $11.50 per warrant, generating cash proceeds of about $54.6 million for the company [2]. - As of the redemption date, 270,820 warrants remained unexercised, which were redeemed at a price of $0.01 per warrant, totaling an aggregate redemption price of $2,708.20 [3]. Trading and Delisting - Following the redemption, the warrants ceased trading on the New York Stock Exchange (NYSE) and will be delisted, effective November 18, 2025, while the common stock continues to trade under the symbol "QBTS" [4]. Company Overview - D-Wave Quantum Inc. is recognized as a leader in quantum computing systems, software, and services, being the first commercial supplier of quantum computers [6]. - The company focuses on delivering value through its quantum computing technology, which includes both annealing and gate-model quantum computers, and has a strong customer base with over 100 organizations utilizing its systems for various computational challenges [6].