Open Lending Corporation Investors: Please contact the Portnoy Law Firm to recover your losses. June 30, 2025 Deadline to file Lead Plaintiff Motion.
GlobeNewswire News Room· 2025-06-18 21:38
Core Viewpoint - Open Lending Corporation is facing a class action lawsuit due to allegations of misleading statements and failure to disclose critical financial information during the Class Period from February 24, 2022, to March 31, 2025 [3][4]. Group 1: Allegations Against Open Lending - The lawsuit claims that Open Lending misrepresented the effectiveness and functionality of its risk-based pricing model [3]. - It is alleged that the company made materially inaccurate statements regarding its profit share revenue [3]. - The defendants failed to disclose that the 2021 and 2022 vintage loans had significantly declined in value compared to their outstanding balances [3]. - The poor performance of Open Lending's 2023 and 2024 vintage loans was mischaracterized by the defendants [3]. Group 2: Impact of the Lawsuit - On March 17, 2025, Open Lending announced it would not be able to timely file its 2024 Annual Report, citing the need for additional time to complete accounting and review procedures related to profit share revenue [4]. - Following this announcement, Open Lending's stock price declined by over 9% [4]. Group 3: Legal Representation - The Portnoy Law Firm is representing investors in this class action lawsuit and offers complimentary case evaluations [2][5]. - Investors have until June 30, 2025, to file a lead plaintiff motion [1].
PSYENCE GROUP INC. Announces Offering of up to C$600,000 Non-Brokered Private Placement of Common Shares
Globenewswire· 2025-06-18 21:36
Core Viewpoint - Psyence Group Inc. is conducting a non-brokered private placement to raise up to C$600,000 through the issuance of 6,000,000 common shares at C$0.10 each, aimed at pursuing strategic transactions and general operational needs [1][2]. Group 1 - The offering is expected to close around June 25, 2025, pending necessary regulatory approvals [3]. - The net proceeds will be utilized for evaluating potential acquisitions and business combinations, as well as for general administrative expenses and maintaining listing status [2][4]. - The securities issued will be subject to a statutory hold period of four months and one day, with potential extensions if a significant transaction occurs [4]. Group 2 - Psyence Group focuses on developing nature-derived psilocybin products for mental health treatment, particularly in palliative care contexts [5][6]. - The company emphasizes its commitment to evidence-based research in the production of psychedelic medicines [5].
Nyrstar NV – update with regards to candidacy of Mr. Kris Peeters as independent non-executive director
Globenewswire· 2025-06-18 21:35
Core Points - Mr. Kris Peeters has withdrawn his candidacy for the position of independent non-executive director of Nyrstar NV [1] - The decision was made on 18 June 2025 after Mr. Peeters reconsidered his previous role as vice-president at the European Investment Bank from 2021 to 2024 [1] - Nyrstar NV will not provide further comments regarding this decision out of respect for Mr. Peeters and the institution [1] Company Information - Nyrstar NV is incorporated in Belgium and is listed on Euronext Brussels under the symbol NYR [2] - For more information, the company can be contacted via their website or through their Company Secretary [2]
Franco-Nevada Update on Arbitration Proceeding in Panama
Prnewswire· 2025-06-18 21:30
TORONTO, June 18, 2025 /PRNewswire/ - Franco-Nevada Corporation ("Franco-Nevada") (TSX: FNV) (NYSE: FNV) provides an update regarding its arbitration proceeding related to the Cobre Panama mine. Following engagement with the Government of Panama's legal counsel, Franco-Nevada has agreed today to suspend its arbitration proceeding. Franco-Nevada had previously filed a request for arbitration under the Canada-Panama Free Trade Agreement to the International Centre for Settlement of Investment Disputes on June ...
Microsoft prepared to walk away from high-stakes talks with OpenAI: report
New York Post· 2025-06-18 21:26
Core Viewpoint - Microsoft is considering walking away from negotiations with OpenAI regarding their multibillion-dollar partnership due to unresolved critical issues, particularly concerning the size of Microsoft's future stake in OpenAI [1]. Group 1 - Microsoft has contemplated halting discussions with OpenAI if no agreement is reached on key issues [1]. - The ongoing talks are described as high-stakes, indicating significant financial implications for both companies [1]. - The report cites sources familiar with the matter, highlighting the seriousness of the situation [1]. Group 2 - There has been no immediate response from Microsoft or OpenAI regarding the situation [2]. - The relationship between Microsoft CEO Satya Nadella and OpenAI CEO Sam Altman has been noted, indicating a personal connection at the leadership level [3].
PSB Holdings, Inc. announces semi-annual cash dividend of $0.34 per share
Globenewswire· 2025-06-18 21:26
Core Points - PSB Holdings, Inc. declared a semi-annual cash dividend of $0.34 per share, an increase of 6.3% from the previous $0.32 per share dividend [1] - The dividend is payable on July 31, 2025, to shareholders of record as of July 11, 2025, continuing a 60-year tradition of cash dividends [1] - The company has maintained 32 consecutive years of increased cash dividends declared per share [1] Company Overview - PSB Holdings, Inc. is the parent company of Peoples State Bank, a community bank headquartered in Wausau, Wisconsin [2] - The bank serves northcentral and southeastern Wisconsin with twelve full-service banking locations and a loan production office [2] - Peoples Wealth Management, a division of Peoples, offers investment, insurance products, and retirement planning services [2] - PSB Holdings, Inc. is traded under the stock symbol PSBQ on the OTCQX Market [2]
Netflix is looking more like the cable model it used to say was doomed
Business Insider· 2025-06-18 21:24
Group 1 - Netflix has entered a groundbreaking partnership with French TV network TF1 to offer live and on-demand programming starting next summer, including popular shows and live sports events [1] - This partnership is seen as a strategic move to enhance Netflix's content offerings and attract more French consumers, aligning with its goal of becoming a comprehensive entertainment platform [2][4] - The deal may signal a potential expansion of similar partnerships in other markets, with industry analysts speculating that the UK could be the next target [3] Group 2 - Netflix's growth strategy includes diversifying its content portfolio, which now encompasses live sports, kids' shows, and games, in addition to traditional streaming [4] - The partnership with TF1 supports Netflix's advertising ambitions, as live audiences are highly valued by advertisers; Netflix's ad tier currently reaches 94 million monthly active users [5] - The collaboration also presents an opportunity for traditional broadcasters like TF1 to reach a wider audience, although it may pose risks regarding their advertising relationships [6] Group 3 - The partnership reflects a broader trend where TV networks are seeking new revenue sources by collaborating with tech platforms, as seen in the US where media companies have licensed shows to Netflix [7] - However, analysts suggest that similar deals in the US are unlikely in the near future due to major networks like Disney and Paramount focusing on their own streaming services [8]
Jyong Biotech Ltd. Announces Closing of $20 Million Initial Public Offering
Globenewswire· 2025-06-18 21:20
Core Viewpoint - Jyong Biotech Ltd. has successfully closed its initial public offering, raising approximately $20 million by offering 2,666,667 ordinary shares at a price of $7.5 per share, with shares trading on Nasdaq under the ticker symbol "MENS" [1][4]. Group 1: Offering Details - The offering was conducted on a firm commitment basis, with Joseph Stone Capital, LLC serving as the sole underwriter [4]. - The company has granted underwriters an option to purchase an additional 400,000 ordinary shares within 45 days to cover over-allotments [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated as follows: 40% for funding additional Phase III trials of MCS-2 and its new drug application, 25% for earlier phase trials if comparability cannot be demonstrated, 10% for the Phase II trial of PCP, 5% for the Phase I clinical trial of IC, and 20% for general corporate purposes [3]. Group 3: Company Overview - Jyong Biotech Ltd. is a biotechnology company based in Taiwan, focused on developing innovative plant-derived drugs for urinary system diseases, targeting markets in the U.S., EU, and Asia [1][7]. - Established in 2002, the company has developed integrated capabilities across drug discovery, clinical trials, regulatory affairs, manufacturing, and commercialization [7].
NGL Energy Partners Preferred B: High Income Prospects And Risk Mitigated
Seeking Alpha· 2025-06-18 21:16
Core Insights - The article emphasizes a versatile investment strategy suitable for various investor profiles, including dividend investors, value seekers, and those looking for growth opportunities [1]. Summary by Categories - **Investment Strategy**: The article outlines a comprehensive investment strategy that can accommodate different types of investors, highlighting its adaptability to various market conditions and investor goals [1].
Ring Energy Announces Credit Facility Extension and Amendment
Globenewswire· 2025-06-18 21:16
Core Insights - Ring Energy, Inc. has affirmed its borrowing base at $585 million under its $1.0 billion senior secured credit facility, with the term extended to June 2029 and Bank of America appointed as the new Administrative Agent [1][2]. Financial Highlights - The company has focused on strengthening its balance sheet and improving asset quality, maintaining a sufficient borrowing base despite slight reductions from the previous year due to oil and gas price volatility in 2025 [2]. - The company aims to generate free cash flow through cost reductions, divestitures of non-core assets, and acquisitions of high-margin, low-break-even assets, using excess cash to reduce debt and enhance shareholder value [2]. Banking Relationships - Ring Energy has expanded its banking relationships by adding Citibank, N.A. to its syndicate, which now includes a total of 11 banks, including Bank of America, N.A. and Goldman Sachs Lending Partners, LLC [2][5]. Credit Facility Details - The company entered into a Third Amended and Restated Credit Agreement with a borrowing base of $585 million, reflecting a 25 basis point reduction in the Applicable Margin pricing grid [5]. - The next regularly scheduled bank redetermination is set to occur in the fall of 2025 [5]. Company Overview - Ring Energy, Inc. is engaged in oil and gas exploration, development, and production, with a focus on developing its assets in the Permian Basin [3].