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Scatec second quarter 2025: Strong financial performance with continuing growth momentum
Globenewswire· 2025-08-19 05:00
Core Insights - Scatec reported strong financial results in Q2 2025, with proportionate revenues increasing by 51% to NOK 2,302 million and EBITDA rising by 19% to NOK 1,130 million, reinforcing its position in the renewable energy sector [1][3] Financial Performance - Power production revenues reached NOK 1,312 million, up from NOK 1,045 million, with EBITDA of NOK 1,110 million compared to NOK 873 million, driven by strong performance in the Philippines [2] - Consolidated revenues and other income for the second quarter were NOK 1,316 million, with EBITDA at NOK 1,027 million and a net profit of NOK 314 million, a significant improvement from a loss of NOK 33 million [8] Strategic Developments - The Development & Construction (D&C) segment generated revenues of NOK 976 million, significantly up from NOK 470 million, with a gross margin of 11.4% [4] - Scatec secured a record 846 MW solar power award in South Africa and a 123 MW/492 MWh battery storage project, increasing its total backlog to 3.2 GW [5] - A new 25-year Power Purchase Agreement for a 900 MW onshore wind project in Egypt was secured, along with successful long-term project financing for a hybrid project [6] Debt Management - The company repaid USD 30 million in corporate debt during Q2 and an additional USD 85 million post-quarter, reducing gross corporate debt by approximately 26% to NOK 6.8 billion [7] Future Outlook - Full year 2025 proportionate power production is estimated at 4.0 - 4.3 TWh, with an unchanged EBITDA estimate of NOK 4.15 - 4.45 billion [10]
NORBIT – Share issue in connection with incentive programs to employees
Globenewswire· 2025-08-19 05:00
Core Points - NORBIT ASA has approved incentive share purchase programs for eligible employees, allowing them to acquire shares at market value and receive compensation in new shares after 24 months if conditions are met [1][2] - A total of 35,075 shares will be awarded to employees who participated in the share matching program in 2023, delivered from existing treasury shares [2] - Following the share transactions, primary insiders will hold significant shares, including Peter Eriksen with 870,245 shares and Arild Søraunet with 712,011 shares [3] Company Overview - NORBIT ASA is a global provider of tailored technology solutions, focusing on sustainability and innovation across three business segments: Oceans, Connectivity, and Product Innovation & Realization [4] - The Oceans segment targets global maritime markets with specialized technology solutions, while the Connectivity segment offers wireless solutions for identification and tracking [4] - The company is headquartered in Trondheim, employs around 600 people, and has manufacturing facilities in Europe and North America [4]
Santhera Secures Agreement with Uniphar for the Distribution of AGAMREE® (Vamorolone) in five GCC (Gulf Cooperation Council) Countries
Globenewswire· 2025-08-19 05:00
Core Viewpoint - Santhera Pharmaceuticals has signed an exclusive agreement with Uniphar for the distribution of AGAMREE® (vamorolone) in several Gulf Cooperation Council (GCC) countries, aiming to provide treatment for Duchenne muscular dystrophy (DMD) patients aged four and older, with sales expected to start in Q1 2026 [1][2]. Group 1: Agreement Details - The agreement allows Uniphar to manage the distribution of AGAMREE in the UAE, Saudi Arabia, Kuwait, Oman, and Bahrain, with sales beginning on a named patient basis in early 2026 and broader commercial sales anticipated later that year [1]. - Santhera will receive a percentage of net sales as payment, consistent with previous distribution agreements [1]. Group 2: Company Commitment and Strategy - Santhera's CEO expressed excitement about the partnership, highlighting Uniphar's regional presence and expertise in addressing the unmet needs of DMD patients in the GCC [2]. - The agreement is part of Santhera's global expansion strategy, which includes multiple regions across North America, Europe, and Asia [2]. Group 3: Product Information - AGAMREE is a novel drug that acts on the same receptor as glucocorticoids but modifies its downstream activity, potentially dissociating efficacy from steroid safety concerns [3]. - In the pivotal VISION-DMD study, AGAMREE met its primary endpoint and demonstrated a good safety profile, with common side effects being mild to moderate [4]. Group 4: Market Position and Regulatory Status - AGAMREE is approved in various regions, including the U.S., EU, UK, China, and Hong Kong, and is positioned as an alternative to existing corticosteroids for DMD treatment [8]. - Santhera has out-licensed rights to AGAMREE for North America and parts of Asia, indicating a strategic approach to market penetration [8].
Idorsia publishes end results of repurchase offer for its 2025 and 2028 convertible bonds
Globenewswire· 2025-08-19 05:00
Core Viewpoint - Idorsia Ltd has successfully completed a repurchase offer for its convertible bonds, with significant acceptance rates from bondholders for both the 2025 and 2028 bonds [1][2]. Group 1: Repurchase Offer Details - The repurchase offer was launched on June 25, 2025, for CHF 204 million convertible bonds maturing in 2025 and CHF 600 million convertible bonds maturing in 2028 [1]. - As of the end of the additional acceptance period, bondholders accepted the repurchase offer for the CB 2025 with an aggregate nominal value of CHF 187,476,000, which is 91.90% of the total issued nominal value [2]. - For the CB 2028, bondholders accepted the offer with an aggregate nominal value of CHF 567,200,000, corresponding to 94.53% of the total issued nominal value [2]. Group 2: Settlement and Documentation - The settlement of the repurchase offer is expected to occur on August 26, 2025, pending the satisfaction or waiver of certain offer conditions [3]. - Additional information regarding the repurchase offer and related documentation can be found on Idorsia's official website [3]. Group 3: Company Overview - Idorsia aims to challenge accepted medical paradigms by discovering, developing, and commercializing transformative medicines, positioning itself as a leading biopharmaceutical company [5]. - The company is headquartered near Basel, Switzerland, and has a strong focus on small-molecule drugs that can change treatment paradigms for various patients [6].
40/2025・Trifork Group AG and key employees divest 51% of Trifork Security A/S to Wingmen Solutions ApS
Globenewswire· 2025-08-19 04:58
Core Viewpoint - Trifork Group AG has divested 51% of Trifork Security A/S to Wingmen Solutions ApS to enhance its managed security services in Denmark and internationally [1][2]. Group 1: Transaction Details - An agreement has been signed for the sale of 51.0% of Trifork Security A/S to Wingmen Solutions ApS, which is owned by Springboard Network BV and its management [2]. - The transaction is subject to regulatory approval, and upon completion, Trifork Group AG's ownership will decrease from 84.6% to 41.5% [6][7]. - Wingmen Solutions ApS will have the option to acquire the remaining shares of Trifork Security A/S in 2027 after the filing of its 2026 Annual Report [8]. Group 2: Strategic Rationale - Trifork Security A/S is a leading provider of managed services in Denmark, specializing in log management, cybersecurity, and observability based on Splunk [3]. - Wingmen Solutions ApS is a prominent Cisco partner in Denmark, focusing on critical IT infrastructure for both public and private sectors [3][5]. - The partnership aims to leverage both companies' expertise in Cisco and Splunk technologies to enhance service offerings and expand market reach [4][5]. Group 3: Company Profiles - Trifork Group AG is a global technology company with 1,187 employees across 70 business units in 16 countries, specializing in advanced software solutions for various sectors [9]. - Trifork Security A/S employs around 50 experts in log management and cybersecurity, providing managed services and compliance assessments [10]. - Wingmen Solutions employs over 120 specialists and is part of the Springboard Network, focusing on transforming IT infrastructure for organizations [11].
Traction Uranium Corp. Appoints Paul Sparkes as Director
Globenewswire· 2025-08-19 00:21
Core Viewpoint - Traction Uranium Corp. has appointed Paul Sparkes as a new Director, which is seen as a strategic move to enhance the company's growth and corporate profile in the mineral exploration sector, particularly in uranium [1][3]. Company Overview - Traction Uranium Corp. is engaged in mineral exploration and the development of discovery prospects in Canada, with a focus on its uranium project located in the Athabasca Region, known for its rich uranium deposits [4]. Leadership Background - Paul Sparkes brings over twenty-five years of experience across various sectors including media, finance, and politics. His previous roles include Executive Vice President at CTV Globemedia and senior positions in the Government of Canada [2]. - Sparkes has co-founded and held executive roles in several companies, currently serving as President of Otterbury Holdings Inc. and CEO of Integral Metals Corp., AlphaGen Intelligence Corp., and Vortex Energy Corp. [2]. Strategic Importance - The appointment of Sparkes is viewed as timely for Traction Uranium Corp. as it aims to strengthen its corporate profile and leverage his extensive knowledge of public markets to drive growth [3].
MAG Announces Election Deadline for Arrangement with Pan American
Globenewswire· 2025-08-18 23:15
Core Viewpoint - MAG Silver Corp. has obtained all necessary approvals for the Arrangement with Pan American Silver Corp., except for the Mexican competition approval, and shareholders must elect their preferred consideration by August 27, 2025 [1][7]. Group 1: Arrangement Details - The Arrangement involves MAG shareholders receiving either $20.54 in cash or a combination of $0.0001 in cash and 0.755 of a Pan American Share for each MAG Share held [1]. - The total consideration for all MAG shareholders will consist of $500 million in cash and the remaining consideration in Pan American Shares, subject to proration [4]. - If shareholders do not make a proper election, they will automatically receive the Share Consideration, also subject to proration [4]. Group 2: Election Process - Registered holders of MAG Shares must submit a completed Letter of Transmittal and Election Form to Computershare Investor Services Inc. by the Election Deadline [2]. - Non-registered holders should follow their intermediary's instructions for making an election and verify their election status before the Election Deadline [3]. Group 3: Company Overview - MAG Silver Corp. is a Canadian mining and exploration company focused on high-grade precious metals projects, with a significant joint venture in the Juanicipio Mine [8]. - The company is also engaged in exploration programs at the Deer Trail Project in Utah and the Larder Project in Canada [8].
Flow Capital Announces Early Repayment of Investment in a Sleep Wellness Company
Globenewswire· 2025-08-18 23:05
Core Insights - Flow Capital Corp. successfully completed an early repayment of principal with prepayment fees totaling $1.76 million on its debt investment in a female founder-led B2C company in the sleep wellness sector [1][2] - The early repayment reflects the strong performance of the borrower and provides Flow Capital with an accelerated return on its investment while retaining an equity position in the business [2] Investment Strategy - The capital returned from this investment will be reinvested into new opportunities, allowing Flow Capital to continue supporting founders of high-growth companies [3] - Flow Capital invites growing companies seeking minimally dilutive, covenant-light growth capital to apply for funding directly [3] Company Overview - Flow Capital Corp. is a publicly listed provider of flexible growth and alternative capital solutions, dedicated to supporting market-leading high-growth companies since its inception in 2018 [4] - The company has provided financing to businesses in the US, the UK, and Canada, helping them achieve accelerated growth while minimizing dilution and retaining founder control [4] - Flow Capital focuses on revenue-generating, VC-backed, and founder-owned companies seeking growth capital for continued expansion [4]
TeraWulf Inc. Announces Upsize and Pricing of $850 Million Convertible Notes Offering
Globenewswire· 2025-08-18 23:01
Core Viewpoint - TeraWulf Inc. has announced an offering of $850 million in 1.00% Convertible Senior Notes due 2031, aimed at qualified institutional buyers, with the offering expected to close on August 20, 2025 [1][3]. Group 1: Transaction Details - The initial purchasers of the Convertible Notes have a 13-day option to purchase an additional $150 million [3]. - The expected net proceeds from the offering are approximately $828.7 million, or $975.2 million if the option is fully exercised [4]. - The Convertible Notes will accrue interest at a rate of 1.00% per annum, payable semi-annually, and will mature on September 1, 2031 [5]. Group 2: Use of Proceeds - Approximately $85.5 million of the net proceeds will be used for capped call transactions, with the remainder allocated for data center expansion and general corporate purposes [4]. Group 3: Convertible Notes Features - The initial conversion rate is set at 80.4602 shares per $1,000 principal amount, equating to an initial conversion price of approximately $12.43 per share, representing a 32.50% premium over the closing price of $9.38 on August 18, 2025 [6]. - The Company may redeem the Convertible Notes starting September 6, 2028, under specific conditions [7]. - Holders can require the Company to repurchase their Convertible Notes upon a fundamental change at a cash price of 100% of the principal amount plus accrued interest [10]. Group 4: Capped Call Transactions - The capped call transactions are designed to reduce potential dilution upon conversion of the Convertible Notes, with an initial cap price of $18.76 per share, representing a 100% premium over the last reported sale price [8][11]. - The Company expects to use part of the net proceeds from any additional Convertible Notes sold to enter into further capped call transactions [11]. Group 5: Company Overview - TeraWulf develops and operates environmentally sustainable, industrial-scale data center infrastructure in the U.S., focusing on high-performance computing and bitcoin mining [16].
LEEF Brands Closes Oversubscribed Private Placement for CAD $2.09 Million
Globenewswire· 2025-08-18 22:53
VANCOUVER, British Columbia, Aug. 18, 2025 (GLOBE NEWSWIRE) -- LEEF Brands, Inc. (CSE: LEEF, OTC: LEEEF) ("LEEF" or the "Company"), a premier California and New York cannabis operator, is pleased to announce the closing of its previously announced private placement offering (the "Offering"). The Company has raised gross proceeds of C$2,090,890 through the issuance of 8,363,560 units (the "Units") at a price of C$0.25 per Unit, representing approximately twice the size of the original Offering. Each Unit con ...