Cohen Circle Acquisition Corp. II Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing August 22, 2025
Globenewswire· 2025-08-18 22:00
Company Overview - Cohen Circle Acquisition Corp. II (NASDAQ: CCIIU) is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [1] - The company may pursue acquisition opportunities in any business or industry, focusing primarily on the financial services technology (fintech) sector and adjacent sectors that drive transformation and innovation [1] Trading Information - Starting August 22, 2025, holders of units sold in the initial public offering can separately trade the Company's Class A ordinary shares and warrants [1] - The Class A ordinary shares will trade under the symbol "CCII," and the warrants will trade under the symbol "CCIIW" on the Nasdaq Global Market [1] - Units that are not separated will continue to trade under the symbol "CCIIU" [1] Management Team - The management team is led by Betsy Z. Cohen (Chief Executive Officer), Daniel G. Cohen (Chairman of the Board of Directors), and Amanda J. Abrams (Vice-Chairman of the Board of Directors) [1]
Agora, Inc. Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-18 22:00
Core Viewpoint - Agora, Inc. reported its third consecutive quarter of GAAP profitability in Q2 2025, driven by solid revenue growth and efficiency improvements, particularly in its Conversational AI Engine and partnerships across various applications [2][4]. Financial Performance - Total revenues for Q2 2025 were $34.3 million, a slight increase of 0.1% from $34.2 million in Q2 2024 [4][8]. - Agora's revenues were $18.2 million, reflecting a 16.7% increase from $15.6 million in the same period last year, attributed to business expansion and growth in sectors like live shopping [4][8]. - Shengwang's revenues were RMB115.5 million ($16.1 million), a decrease of 12.4% from RMB131.9 million ($18.6 million) in Q2 2024, primarily due to the decline in certain end-of-sale products [4][8]. Cost and Profitability - Cost of revenues decreased to $11.4 million, down 12.3% from $13.0 million in Q2 2024, mainly due to the end-of-sale of certain products [5]. - Gross profit increased to $22.9 million, a 7.7% rise from $21.2 million in the same period last year, with a gross margin of 66.8%, up from 62.0% [6]. Operating Expenses - Operating expenses were $26.5 million, a decrease of 18.7% from $32.6 million in Q2 2024 [7]. - Research and development expenses were $14.0 million, down 23.0% from $18.1 million in the same period last year [19]. - Sales and marketing expenses increased to $6.5 million, a 4.0% rise from $6.3 million [19]. - General and administrative expenses decreased to $6.0 million, down 26.6% from $8.2 million [19]. Customer Metrics - Active customers for Agora increased to 1,880 as of June 30, 2025, a 12.4% rise from 1,672 a year earlier [8]. - Shengwang had 1,997 active customers, an increase of 1.4% from 1,970 [8]. - Dollar-Based Net Retention Rate for Agora was 97%, while for Shengwang it was 87% for the trailing 12-month period [8]. Net Income and Cash Flow - Net income for Q2 2025 was $1.5 million, compared to a net loss of $9.2 million in Q2 2024 [12]. - Net cash used in operating activities was $0.4 million, significantly improved from $7.6 million in the same quarter last year [8]. Share Repurchase Program - The company repurchased approximately 13.1 million Class A ordinary shares for about $10.9 million during the three months ended June 30, 2025, representing 5.4% of its $200 million share repurchase program [15]. - As of June 30, 2025, the company had repurchased approximately 144.9 million Class A ordinary shares for about $127.2 million, representing 63.6% of the program [16]. Leadership Changes - The company announced the resignation of Mr. Sheng (Shawn) Zhong from his roles as Director, Chief Technology Officer, and Chief Scientist, with Tony Zhao assuming his operational responsibilities [18]. - Mr. Tony Wang and Mr. Jingbo Wang were appointed as directors of the company [20]. Equity Incentive Plan - The company adopted an Amended and Restated Global Equity Incentive Plan, increasing the number of Class A ordinary shares available for awards to 50 million [23]. Financial Outlook - The company expects total revenues for Q3 2025 to be between $34 million and $36 million, indicating year-over-year growth of 7.6% to 13.9% [25].
Tevogen CEO Donates Personal Shares to Support Local Law Enforcement
Globenewswire· 2025-08-18 21:50
Core Viewpoint - Tevogen Bio Holdings Inc. announced a donation of 10,000 shares by its Founder and CEO, Dr. Ryan Saadi, to the Warren Township Honorary Policemen's Benevolent Association, highlighting the company's commitment to community support and public service [1][3]. Company Summary - Tevogen Bio Holdings Inc. is involved in the biopharmaceutical industry, focusing on the development of products for the treatment of infectious diseases and cancer [4]. - The company operates under SEC Rule 144, ensuring compliance in the donation process, and Dr. Saadi will not benefit financially from the share disposal [3]. Community Engagement - The Warren Township P.B.A. Local 235 is a non-profit organization that supports local schools, community events, and charitable causes, including assistance for families of fallen and injured police officers [2]. - Dr. Saadi emphasized the importance of the P.B.A. in strengthening community bonds with law enforcement, reflecting the company's values of social responsibility [3].
Waldencast Announces Strong Progress on Business Priorities for H1 2025 and Initiatives to Drive Transformation
Globenewswire· 2025-08-18 21:43
Obagi Medical delivers H1 2025 double-digit growth in its Core Strategic Channels. Novaestiq Acquisition Doubles the Brand’s Addressable Market in the U.S. Milk Makeup Delivers Strong Retail Sales Performance in U.S. Retail in H1 2025 and Expands Its Digital Footprint in Q2 Company Launches an Exploration of Strategic Alternatives to Enhance Shareholder Value Company Postpones H1 2025 Earnings Release and Conference Call; Provides Update to FY 2025 Guidance LONDON, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Waldenca ...
ISC Signs Agreement With Government of Ontario to Deliver New Digital Records System for Property Information
Globenewswire· 2025-08-18 21:03
Core Viewpoint - Information Services Corporation (ISC) has entered into an agreement with Ontario's Ministry of Environment, Conservation and Parks (MECP) to develop a new digital records system aimed at improving access to environmental property information across Ontario [1][2]. Group 1: Project Overview - The project is part of MECP's Modernization of Property Information (MPI) Program, which focuses on enhancing access to environmental property information [1]. - ISC will develop and operate the digital records system under an initial nine-year term, with options for extension at the Government's discretion [2][8]. - The system will digitize and redact millions of legacy property records, including system design, security, privacy frameworks, quality assurance, and ongoing support [2][5]. Group 2: Benefits and Impact - The initiative is expected to improve response times for environmental property information requests related to soil, water, and contamination, facilitating land transactions and supporting land development decisions [3]. - The Ontario government processes over 9,000 property-related information requests annually, supporting land transactions valued at more than $40 billion [4]. - The new digital portal will provide 24/7 self-service access to environmental property records, significantly reducing wait times from approximately 30 days to as little as 3 days [4][8]. Group 3: Implementation Timeline - Implementation of the system is set to begin in August 2025, with an anticipated launch in 2027 [4][8].
Casella Waste Systems, Inc. Announces Remarketing of New York State Environmental Facilities Corporation Solid Waste Disposal Revenue Bonds
Globenewswire· 2025-08-18 20:55
Core Viewpoint - Casella Waste Systems, Inc. is initiating the remarketing of $37.5 million of Solid Waste Disposal Revenue Bonds, with a redemption of $2.5 million expected on September 2, 2025, and the remaining bonds to be remarketed on the same date [1][2]. Group 1: Bond Details - The total principal amount of the Bonds originally issued was $40.0 million, with a final maturity date set for September 1, 2050 [2]. - The interest rate period for the Bonds is expiring on September 1, 2025, leading to a mandatory tender and remarketing at a new interest rate starting September 2, 2025 [2]. - The Bonds are guaranteed by all or substantially all of Casella's subsidiaries, and they are not a general obligation of the Issuer or the State of New York [2]. Group 2: Remarketing Process - The Remarketed Bonds will be offered exclusively to qualified institutional buyers as defined under Rule 144A of the Securities Act [3]. - The timing and interest rate for the remarketing will depend on market conditions, with no assurance that the remarketing or redemption will be completed [3].
Critical One Announces Upsized Non-Brokered Private Placement
Globenewswire· 2025-08-18 20:53
Core Viewpoint - Critical One Energy Inc. announces an upsize to its non-brokered private placement due to strong investor interest in its Howells Lake Antimony-Gold Project, aiming to raise approximately CDN$3,000,000 by issuing up to 5,000,000 units at CDN$0.60 per unit [1][4]. Group 1: Offering Details - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of an additional common share at CDN$1.00 for 18 months [2]. - The offering is scheduled to close on or about August 26, 2025, subject to regulatory approvals, and will have a hold period of four months and one day for the issued securities [3]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to activities related to the Howells Lake Antimony-Gold Project, including verification drilling, permitting, strengthening the balance sheet, pursuing corporate strategies, and general working purposes [4]. Group 3: Company Overview - Critical One Energy Inc. focuses on critical minerals and upstream energy, with a strategic position to meet the rising global demand for critical minerals, particularly through its antimony-gold exploration in Canada and uranium interests in Namibia [5].
Faraday Future Reports Financial Results for Second Quarter 2025
Globenewswire· 2025-08-18 20:50
Core Viewpoint - Faraday Future Intelligent Electric Inc. reported significant operational and financial progress in Q2 2025, highlighted by the launch of its FX Super One vehicle and advancements in its AI-driven mobility strategy [1][2][8] Financial Performance - The adjusted operating loss for Q2 2025 was approximately $27.4 million, with a monthly average of $9 million [13] - The net loss from operations was $48.1 million, slightly improved from $50.6 million in Q2 2024 [14] - The quarter-end cash position reached an 18-month high, with financing cash inflow of $55.1 million, marking a 106% increase from the same period in the prior year [14] Operational Developments - The company completed production and delivery of the FF91 P20 model and moved the FX Super One into trial production at the Hanford factory [3][4] - Non-binding reservations for the FX Super One exceeded 10,000 units by July 31, 2025, indicating strong demand [2][13] - The company plans to invest approximately $100 million into U.S. operations over the next 9-12 months, focusing on R&D and infrastructure [4] Strategic Initiatives - Faraday Future unveiled its "EAI + Crypto" Dual-Flywheel & Dual-Bridge Ecosystem Strategy, which includes the new C10 Treasury product aimed at integrating traditional operations with digital platforms [9][11] - The company was added to the Russell 3000 Index, enhancing its visibility among institutional investors [5][13] - The return of founder YT Jia as Co-CEO is expected to strengthen operational and capital fundamentals [7] Market Recognition - Mariah Carey featured the FF 91 2.0 and FFZERO1 in her music video, further promoting the brand [2][13] - The company received positive feedback from California State Treasurer Fiona Ma during the launch event for its new ecosystem strategy [9] Future Outlook - For the second half of 2025, the company aims to maintain financial discipline and drive technological innovation, with expectations to meet production targets for the FX Super One [10][11]
Astrotech Corporation Appoints Nihanth Badugu as Chief Operating Officer
Globenewswire· 2025-08-18 20:45
AUSTIN, Texas, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Astrotech Corporation (Nasdaq: ASTC) (the “Company” or “Astrotech”), today announced that it has appointed Nihanth Badugu as Chief Operating Officer (“COO”) of the Company. Mr. Badugu’s appointment is effective as of August 13, 2025. “The Board is thrilled to promote Mr. Badugu to Chief Operating Officer,” stated Thomas B. Pickens III, Chairman and Chief Executive Officer of Astrotech Corporation. “Nihanth has been an invaluable asset to Astrotech since joini ...
BROAD ARROW ACHIEVES NUMEROUS WORLD RECORD PRICES AT 2025 MONTEREY JET CENTER AUCTION
Globenewswire· 2025-08-18 20:36
Core Insights - Broad Arrow Auctions achieved a total sales figure of $57.4 million during its 2025 Monterey Jet Center auction, with 80% of all lots sold, marking a significant increase in bidder registration by over 20% compared to 2024 [1][3][4] Auction Highlights - The auction set at least eight new record prices, led by the sale of a 2005 Maserati MC12 Stradale for $5,202,500, surpassing the previous record of $3,800,000 for the model [2][4][7] - Other notable sales included a 2008 Koenigsegg CCXR at $3,222,500, a 1980 BMW M1 Procar at $1,600,000, and a 2009 Mercedes-Benz SLR McLaren Prototype "Stealth" at $1,022,500, all setting new records for their respective models [7][9] Market Trends - The auction results reflect a strong demand for modern collectibles, indicating a generational shift in the collector car market, with a notable interest in Japanese collector cars, including a 1999 Nissan Skyline CRS GT-R V-Spec sold for $692,500 [3][4][9] - The top 10 sales at the auction included iconic models such as a 1967 Ferrari 275 GTB/4 at $2,562,500 and a 1955 Mercedes-Benz 300 SL Gullwing Coupe at $1,902,500, demonstrating robust interest in both modern and classic vehicles [9][10] Future Events - Broad Arrow Auctions plans to expand its auction schedule with three new events in 2025, including the inaugural Zoute Concours Auction in Belgium and the debut Las Vegas Auction, indicating a strategic growth in its global footprint [15][18]