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Invest Green Acquisition Corporation Announces Pricing of $150 Million Initial Public Offering
Globenewswire· 2025-11-24 23:28
Core Points - Invest Green Acquisition Corporation announced the pricing of its initial public offering (IPO) of 15,000,000 units at a price of $10.00 per unit, with trading expected to begin on November 25, 2025 [1] - The company aims to focus on business combinations in the renewable energy, sustainable finance, and nuclear energy sectors, which are essential for the global clean energy transition [2] - Cohen & Company Capital Markets is acting as the lead book-running manager for the IPO, with an option for underwriters to purchase an additional 2,250,000 units [3] Company Overview - Invest Green Acquisition Corporation was formed to pursue mergers, amalgamations, share exchanges, asset acquisitions, and similar business combinations [2] - The company believes its management team's expertise will provide a competitive advantage in targeting industries crucial for sustainable and reliable energy supply [2] Offering Details - The IPO is expected to close on November 26, 2025, subject to customary closing conditions [1] - The offering will be made only by means of a prospectus, which will be available from Cohen & Company Capital Markets [4]
Maxim Power Corp. Announces Partial Settlement of Claim for Compensation Resulting in $6.5 million of Proceeds
Globenewswire· 2025-11-24 22:45
Core Points - Maxim Power Corp. has settled a portion of its claim for compensation related to a non-injury fire incident that occurred on September 30, 2022, resulting in a net settlement amount of approximately $6.5 million [1][2] - The settlement amount represents the maximum net amount available from the insurance policy of the settling third party, with the proceeds expected to be received in the fourth quarter of 2025 [1] - The company continues to pursue claims against remaining third parties, with the total insurance coverage for these parties being equivalent to the amount received from the current settlement [2] Company Overview - Maxim Power Corp. is one of Canada's largest independent power producers, focusing on power projects in Alberta [3] - The company's core asset is the 300 MW H.R. Milner Plant, which is a combined cycle gas-fired power plant that commenced operations in Q4 2023 [3] - Maxim is exploring additional development options in Alberta, including a permitted gas-fired generation project and a wind power generation project [3]
Novartis receives FDA approval for Itvisma®, the only gene replacement therapy for children two years and older, teens, and adults with spinal muscular atrophy (SMA)
Globenewswire· 2025-11-24 22:16
Core Viewpoint - Novartis announced the FDA approval of Itvisma (onasemnogene abeparvovec-brve) as the first and only gene replacement therapy for spinal muscular atrophy (SMA) in children aged two years and older, teens, and adults, addressing the genetic cause of the disease with a one-time fixed dose [2][3][6] Group 1: Product Details - Itvisma is designed to replace the mutated SMN1 gene, improving motor function and potentially reducing the need for chronic treatments associated with other therapies [2][7] - The approval is based on data from the Phase III STEER study and the Phase IIIb STRENGTH study, which showed significant improvements in motor function and stabilization over 52 weeks [3][7] - The most common adverse events reported were upper respiratory tract infections, pyrexia, common cold, and vomiting, with a consistent safety profile across studies [3][4] Group 2: Market Impact - Approximately 9,000 individuals in the US are affected by SMA, with unmet needs particularly among older children, teens, and adults [5] - The approval of Itvisma represents a significant advancement in SMA treatment, expanding access for a broader population and addressing ongoing unmet needs [4][6] Group 3: Company Commitment - Novartis aims to transform care for SMA by providing innovative, one-time therapies that empower patients of all ages [6][11] - The company has exclusive worldwide licenses for various gene replacement therapy delivery methods, enhancing its position in the SMA treatment landscape [10]
Hall Chadwick Acquisition Corp. Completes $207 Million Initial Public Offering
Globenewswire· 2025-11-24 22:14
Core Points - Hall Chadwick Acquisition Corp. has successfully closed its initial public offering, raising gross proceeds of $207 million by issuing 20,700,000 units priced at $10.00 each, including 2,700,000 units from the underwriters' over-allotment option [1] - The units began trading on the Nasdaq Global Market under the ticker symbol "HCACU" on November 21, 2025, with each unit consisting of one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon the completion of a business combination [2] - The Company aims to pursue business combinations in various industries, particularly focusing on technology, critical materials, and energy sectors [3] Company Information - The Company was established to facilitate mergers, amalgamations, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations [3] - Cohen & Company Capital Markets is acting as the lead book-running manager for the offering [4] - A registration statement for the securities became effective on November 18, 2025 [5]
Timbercreek Financial Declares November 2025 Dividend
Globenewswire· 2025-11-24 22:00
Core Points - Timbercreek Financial has declared a monthly cash dividend of $0.0575 per common share, payable on December 15, 2025, to shareholders of record on November 28, 2025 [1] - The company offers a Dividend Reinvestment Plan that allows shareholders to reinvest cash dividends to purchase additional common shares at a potential discount without incurring commissions or fees [2] - Under the Dividend Reinvestment Plan, shares can be acquired in the open market or issued from treasury at 98% of the average market price for the five trading days prior to the dividend payment date [3] - Shareholders holding shares through brokers or financial institutions must enroll for the reinvestment plan through their nominee [4] - Timbercreek Financial is a non-bank commercial real estate lender that provides structured financing solutions, focusing on faster execution and flexible terms compared to traditional Canadian financial institutions [4]
Trident Resources Engages i2i Marketing Group, LLC for Corporate Marketing and Investor Awareness Services
Globenewswire· 2025-11-24 22:00
Core Viewpoint - Trident Resources Corp. has entered into a marketing agreement with i2i Marketing Group to enhance investor awareness through various online platforms and direct marketing strategies, with an initial fee of US$250,000 for a six-month term [1][2]. Group 1: Agreement Details - The marketing agreement with i2i is set for an initial term of six months starting November 24, 2025, with a fee of US$250,000 payable upfront [1]. - After the initial term, the agreement can continue on a month-to-month basis with additional expenditures as agreed by both parties [1]. - The Company will not issue any securities to i2i as compensation for its services, and i2i does not currently own any securities of the Company [3]. Group 2: Company Overview - Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX Venture Exchange, focusing on gold and copper exploration projects in Saskatchewan, Canada [4]. - The Company is advancing its 100% owned Contact Lake and Greywacke Lake projects, which have significant historical gold resources, and the Knife Lake copper project, which contains a historical copper resource [4].
PRESS RELEASE: BIGBEN: HALF-YEAR RESULTS 2025-2026 - ENGLISH VERSION
Globenewswire· 2025-11-24 21:51
Core Insights - BIGBEN INTERACTIVE confirms its annual targets with consolidated half-year results for the 2025-2026 financial year, reporting a slight decrease in sales but improvements in gross margin and operating profitability [1][3][18] Financial Performance - Sales for the first half of 2025-2026 reached €135.4 million, a decrease of 0.3% compared to €135.9 million in the same period of 2024-2025 [2] - Gross margin increased by 5.8% to €73.5 million, with a gross margin rate of 54.3%, up from 51.2% [2][3] - EBITDA rose by 17.5% to €36.5 million, representing 27% of sales, an increase of nearly 4 percentage points [2][4] - Operating income improved by 24.7% to €4.7 million, accounting for 3.5% of sales [2][4] - Net income for the period was €3.7 million, down 16.3% from €4.4 million [2][4] Business Segment Analysis - NACON generated sales of €78.1 million, up 1.4% from €77.0 million, with a gross margin rate of 69.7% [5][8] - BIGBEN – Audio-Video/Telco reported sales of €57.4 million, a decrease of 2.5% from €58.9 million, with a gross margin rate of 33.3% [5][10] Balance Sheet and Debt Management - As of September 30, 2025, BIGBEN had equity of €340.9 million and available cash of €23.8 million, with net debt standing at €183.3 million [12] - The company has secured a refinancing agreement for €43 million to manage bonds exchangeable into Nacon shares maturing in February 2026 [13] Future Outlook - The second half of 2025-2026 is expected to see continued strong performance from NACON, with several game releases planned and a positive outlook for the Accessories business [15][16] - BIGBEN anticipates a more dynamic second half for its Audio-Video business, driven by seasonal sales events [17][18]
SunPower Receives Notice of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q Filed on November 24, 2025
Globenewswire· 2025-11-24 21:45
Core Points - SunPower Inc. received a deficiency notification from Nasdaq for not timely filing its Q3 Form 10-Q for the quarter ended September 28, 2025 [1] - The company has 60 days to submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1) [1] - The delay in filing the Q3 Form 10-Q was due to the need for additional time to compile and process information [2] - SunPower anticipates filing the Q3 Form 10-Q during the week of November 24, 2025 [2] Company Overview - SunPower Inc. is a leading residential solar services provider in North America [3] - The company offers a digital platform and installation services to support customers transitioning to energy-efficient lifestyles [3]
RGC Resources, Inc. Raises Annual Dividend to $0.87 Per Share
Globenewswire· 2025-11-24 21:44
ROANOKE, Va., Nov. 24, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (Nasdaq: RGCO), at its meeting on November 24, 2025, declared a quarterly dividend of $0.2175 per share on the Company’s common stock. The indicated annual dividend is $0.87 per share, a $0.04, or 4.8% per share increase over the prior annual level. The Company has now increased the annual dividend 22 consecutive years. Paul Nester, CEO of RGC Resources, Inc., stated, “The Board’s decision to increase the annual di ...
PRESS RELEASE: NACON: HALF-YEAR RESULTS 2025-2026 - ENGLISH VERSION
Globenewswire· 2025-11-24 21:44
Core Insights - NACON reported consolidated half-year results for the 2025-2026 financial year, indicating business growth and expected operating profit for the full year [1][10]. Financial Performance - Sales for the first half of 2025-2026 reached €78.1 million, a 1.4% increase from €77.0 million in the previous year [2]. - Gross margin improved to €54.4 million, representing a 7.4% increase, with a gross margin rate of 69.7% [2][3]. - EBITDA rose by 18.7% to €33.6 million, with an EBITDA margin of 43.1%, up 6.3 points [2][6]. - Operating income increased by 30.4% to €4.2 million, accounting for 5.3% of sales [2][4]. - Profit before tax surged by 80.2% to €1.7 million, with net income for the period at €2.5 million, a 16.2% increase [2][4]. Business Segments - Gaming sales contributed €56.4 million, while the Accessories business generated €19.8 million, and "other activities" accounted for €1.8 million [3]. - The Accessories segment is expected to benefit from the launch of new products, including the RIG R5 PRO HS headset and controllers for the Switch TM 2 [9]. Future Outlook - NACON has 41 games under development, with related assets valued at €128.1 million [7]. - The company anticipates a strong second half of the fiscal year, supported by a robust editorial calendar and expected sales performance in line with the previous fiscal year [8][10]. - Despite challenges in the U.S. market, signs of recovery are noted, and the company remains optimistic about growth prospects [9].