Titanium Announces Closing of Plan of Arrangement
Globenewswire· 2026-03-31 20:36
Core Viewpoint - Titanium Transportation Group Inc. has successfully completed its plan of arrangement under the Canada Business Corporations Act, resulting in the acquisition of all issued and outstanding common shares for cash consideration of $2.22 per share [1][2]. Transaction Details - The acquisition was executed by TTNM Management Acquisition Limited, effective March 31, 2026, with the approval of shareholders on March 10, 2026, and the Ontario Superior Court on March 18, 2026 [2][3]. - Following the completion of the transaction, Titanium's common shares are expected to be delisted from the Toronto Stock Exchange and OTCQX around April 2, 2026 [4]. Shareholder Actions - Registered shareholders must submit a completed Letter of Transmittal along with their share certificates to TSX Trust to receive the cash consideration [6]. - Non-registered shareholders should contact their intermediaries for instructions on how to deposit their shares [8]. Company Overview - Titanium is a North American transportation company with approximately 775 power units, 2,800 trailers, and 1,300 employees, providing various trucking and logistics services to over 1,000 customers [10]. - The company has completed 13 acquisitions since 2011 and has been recognized as one of Canada's fastest-growing companies for multiple consecutive years [10].
SurgePays to Host Fourth Quarter and Full Year 2025 Earnings Conference Call
Globenewswire· 2026-03-31 20:35
Core Viewpoint - SurgePays, Inc. is set to announce its financial results for Q4 and the full year of 2025 on April 14, 2026, highlighting its focus on serving subprime and underserved consumers in the wireless and fintech sectors [1]. Company Overview - SurgePays, Inc. operates as a wireless and fintech technology company, aiming to enhance access to essential mobile and financial services for subprime and underserved consumers [3]. - The company has established a nationwide ecosystem that includes its own wireless brands and a proprietary point of sale platform, facilitating SIM activations, top-ups, financial transactions, and other digital services for prepaid and underbanked customers [3]. Business Strategy - SurgePays is advancing into data-driven marketing and digital partnerships to monetize verified consumer engagement, which is expected to create recurring, high-margin revenue streams [4]. - The company's strategy aims to expand its reach across both online and retail channels, positioning SurgePays as a leading digital marketplace and data intelligence platform for the one-third of America that relies on prepaid and subprime financial services [4].
Soulpower Acquisition Corporation (NYSE:SOUL) and SWB Holdings Amend Business Combination Agreement and Announce Adjustment to Asset Contributions
Globenewswire· 2026-03-31 20:30
Core Viewpoint - The anticipated business combination between Soulpower Acquisition Corporation and SWB Holdings is expected to close in late Q2 or Q3 2026, with a pro forma valuation of approximately $8.5 billion for the combined company [1][5][6]. Group 1: Business Combination Details - Soulpower and SWB Holdings have revised the asset contributions, including the acquisition of two Uruguayan corporations holding exclusive mining rights over four high-grade iron projects, estimated at approximately 1,170 million tons of run-of-mine material [2]. - The BCA Amendment includes updates on accounting treatment for transaction expenses and limits the valuation of the BVI banking license to amounts paid in equity [3]. - The BCA Amendment has received unanimous approval from the board of directors of Soulpower and its special committee of independent directors [4]. Group 2: Financial Projections and Regulatory Filings - Following the business combination, the pro forma valuation of the combined company is expected to be around $8.5 billion, based on a share valuation of $10.00 per share, assuming no redemptions from Soulpower's trust account [5]. - A draft registration statement on Form S-4 has been confidentially submitted to the SEC, with a public filing expected in Q2 2026 [5][12]. - The business combination is subject to customary closing conditions, including shareholder approval and other conditions outlined in the Amended BCA [6]. Group 3: Company Background - Soulpower Acquisition Corporation is a publicly listed special purpose acquisition company focused on financials, having raised $250 million in its initial public offering [9]. - SWB LLC is a newly formed company in the Cayman Islands, established to launch SOUL WORLD BANK™ and acquire various assets [10]. - Pubco, also a newly formed Cayman Islands company, is expected to be the publicly traded holding company of SOUL WORLD BANK™ and its affiliates [11].
HeartCore Reports Full Year 2025 Results
Globenewswire· 2026-03-31 20:30
Core Insights - HeartCore Enterprises, Inc. has undergone a strategic transformation, shifting focus from software to financial services and capital markets-related activities, while divesting its software business subsidiary, HeartCore Japan [3][11] - The company reported a significant decrease in revenues for the full year 2025, totaling $9.0 million, down from $22.7 million in 2024, primarily due to the absence of a large Go IPO deal that contributed $13 million in warrant revenue in the previous year [4][18] - Despite the revenue decline, HeartCore achieved a net income of $5.5 million in 2025, compared to a net loss of $5.2 million in 2024, largely due to the gain from the sale of HeartCore Japan [6][18] Financial Performance - Gross profit for 2025 was $3.2 million, a decrease from $14.7 million in 2024, attributed to the lack of significant warrant-related revenue [5][18] - Operating expenses decreased to $6.3 million from $14.9 million in the previous year, reflecting cost-saving measures and the absence of impairment charges [6][18] - Adjusted EBITDA for 2025 was $6.5 million, down from $7.3 million in 2024, indicating a slight decline in operational performance [7][18] Operational Highlights - As of March 31, 2026, HeartCore was engaged with 16 Go IPO clients, with 6 clients in various stages of preparation for public registrations and U.S. exchange listings [11] - The establishment of Higgs Field in Q4 2025 marks a new operating platform in Japan, supporting the company's strategic transition towards financial services [3][11] - The company authorized a $2.0 million share repurchase program and a one-time distribution payment to stockholders, indicating a commitment to returning value to shareholders [11]
Plus Therapeutics Reports Granting of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)
Globenewswire· 2026-03-31 20:30
Core Viewpoint - Plus Therapeutics, Inc. has granted inducement awards to two new employees as part of its strategy to attract talent in the healthcare sector focused on CNS cancers [1][2]. Inducement Awards - The inducement awards were granted on March 26, 2026, under the Company's 2015 New Employee Incentive Plan, totaling options to purchase 300,000 shares of common stock and 300,000 restricted stock units (RSUs) [2]. - The options have a 10-year term with an exercise price of $0.243, which is the fair market value on the grant date, and vest over a four-year period [3]. - Each RSU represents a right to receive one share of common stock, vesting over three years with 1/3 vesting on the first anniversary and the remainder vesting ratably over the next eight quarters [4]. Approval and Compliance - The awards were approved by the Compensation Committee of the Company's board of directors, in compliance with Nasdaq Rule 5635(c)(4) [5]. Company Overview - Plus Therapeutics, Inc. is a clinical-stage pharmaceutical company based in Houston, Texas, focused on developing targeted radiotherapeutics for challenging CNS cancers [7]. - The company is advancing a pipeline of product candidates, particularly in leptomeningeal metastases and recurrent glioblastoma, utilizing image-guided local beta radiation and targeted drug delivery [7]. - Plus Therapeutics has established a supply chain through strategic partnerships to support the development, manufacturing, and potential commercialization of its products [7].
Axe Compute Inc. Reports Full-Year 2025 Financial Results
Globenewswire· 2026-03-31 20:30
Core Insights - Axe Compute Inc. has successfully transformed into a GPU compute infrastructure and digital asset treasury company, raising $343.5 million in capital to support its strategic initiatives [1][2] Financial Highlights - For the fiscal year ended December 31, 2025, total revenue was $125,284, entirely from the legacy Drug Discovery Services segment, with no revenue from the new compute segment [3][12] - The company reported a net loss from continuing operations of $232.9 million, which includes significant non-cash charges such as $152.5 million in unrealized losses on digital assets [12] - As of December 31, 2025, the company had $10.8 million in cash and cash equivalents, with total assets amounting to $52.9 million, a substantial increase from $5.0 million in the previous year [10][11] Strategic Developments - The company launched a Strategic Compute Reserve focused on the ATH token, holding approximately 6.348 billion ATH by year-end 2025 [4] - A leadership transition occurred with Christopher Miglino appointed as CEO, bringing over 25 years of experience in technology and digital asset sectors [4][2] - The company established access to a distributed GPU network of over 435,000 GPUs across more than 200 locations, enabling enterprise-scale AI workloads [4][16] Market Context - The global AI spending is projected to reach $2.52 trillion in 2026, representing a 44% year-over-year increase, with a significant portion of data center spending expected to be GPU-related [5] - North American data center vacancy rates are at a record low of 1.6%, indicating a supply-demand imbalance that presents a commercial opportunity for Axe Compute's distributed GPU model [5] Operational Priorities for 2026 - The company aims to deploy compute capacity to enterprise customers, generate initial revenue from Compute Services, and pursue ATH staking activities to yield returns on treasury holdings [7] - Ongoing strategic alternatives are being explored for the Helomics legacy business, including potential sale or partnership options [7]
Scheme of Arrangement becomes Effective and takeover offer declared unconditional
Globenewswire· 2026-03-31 20:30
Core Viewpoint - CoinShares International Limited has announced a merger with Vine Hill Capital Investment Corp and Odysseus Holdings, which will facilitate a change of listing venue for CoinShares shares from Nasdaq Stockholm to the Nasdaq Stock Market in the United States [1] Group 1: Transaction Details - The merger plan includes a court-sanctioned scheme of arrangement under Article 125 of the Jersey Companies Law [1] - The Scheme of Arrangement has become effective, with the entire issued share capital of CoinShares now owned by Odysseus Cayman [3] - Nasdaq has approved the listing of the New Odysseus Holdings Shares, satisfying the conditions outlined in the Scheme Circular [4] Group 2: Shareholder Information - Shareholders of CoinShares will receive 1.8237 New Odysseus Holdings Shares for each CoinShares Share held, except for PIPE Shares, which will receive 1 New Odysseus Holdings Share [6] - A total of 1,139,537 CoinShares Shares held in treasury have been cancelled as part of the transaction [13] Group 3: Listing and Trading - Nasdaq Stockholm will proceed with the delisting of CoinShares Shares following the effectiveness of the Scheme of Arrangement [8] - Trading of the New Odysseus Holdings Shares on Nasdaq is expected to commence on or around 1 April 2026 [9] Group 4: PIPE Investment - An institutional investor has agreed to subscribe for 5,000,000 CoinShares Shares for a total purchase price of $50 million, with additional shares issued as a commitment fee [10] - The PIPE Investor held 102,020 Class A ordinary shares of Vine Hill, allowing for a reduction in the number of PIPE Investment Shares purchased [11] Group 5: Company Name Change - Odysseus Holdings has been re-registered as a public limited company and renamed CoinShares PLC, effective as of 31 March 2026 [12]
FLEXIBLE SOLUTIONS INTERNATIONAL DELAYS RELEASE OF FINANCIALS
Globenewswire· 2026-03-31 20:30
Core Viewpoint - Flexible Solutions International, Inc. has announced a delay in releasing its full year 2025 financials due to late comments from tax consultants [1][2] Company Overview - Flexible Solutions International, Inc. is based in Taber, Alberta, and specializes in biodegradable polymers for various applications including oil extraction, detergent ingredients, water treatment, and crop nutrient availability [1][2] - The company also manufactures environmentally safe technologies for water and energy conservation and is expanding into the food and nutrition supplement manufacturing markets [1] Financial Delay - The delay in financial reporting is attributed to the tax consultants being late with their comments, and the company will release the audited financials once the auditor completes the analysis [2] - A date and details for a conference call will be announced alongside the release of the financials [2] Product Specialization - The company's subsidiary, NanoChem Solutions Inc., focuses on biodegradable, water-soluble products made from thermal polyaspartate (TPA) biopolymers, which have applications in scale inhibition, detergents, water treatment, and crop enhancement [2] - In 2022, the company entered the food and nutrition markets by obtaining FDA food grade approval for its Peru IL plant [2]
Intermap Reports Fourth Quarter and Full Year 2025 Results
Globenewswire· 2026-03-31 20:30
Core Insights - Intermap has been selected for all four remaining lots of Indonesia's ILASP Project, representing a potential $200 million opportunity [4] - Subscription and data revenue grew by 29% year over year, reaching $5.2 million, which now constitutes 49% of total revenue [5][6] - The company has strengthened its balance sheet, ending 2025 with cash of $22.5 million, total assets of $31.7 million, and shareholders' equity of $24.6 million [3] Financial Performance - Total revenue for 2025 was $10.6 million, a decrease from $17.6 million in 2024, with fourth quarter revenue at $1.6 million compared to $7.4 million in the prior year [6] - The operating loss for the full year 2025 was $6.9 million, with a net loss of $6.7 million or $0.11 per share, contrasting with a net income of $2.5 million or $0.05 per diluted share in 2024 [8] - Excluding the impact of currency fluctuations and other factors, the company's continuing business operated at approximately cash flow break-even [9] Strategic Initiatives - The company is advancing follow-on opportunities in Indonesia and pursuing additional GEOINT program awards in the U.S. and with Allied partners [12] - Intermap introduced an AI-enabled risk assistant, contributing to growth in subscription-based revenue [18] - The company aims to convert large government opportunities into awarded and recognized revenue while scaling recurring subscription and data analytics revenue [19] Outlook - Intermap reaffirms its guidance for 2026, projecting revenue of $30–35 million with a 28% EBITDA margin, supported by strong underlying demand for government programs and recurring subscription solutions [13]
Ellomay Capital Reports Publication of Financial Statements of Dorad Energy Ltd. as of and for the Year Ended December 31, 2025
Globenewswire· 2026-03-31 20:30
Core Viewpoint - Ellomay Capital Ltd. reported its indirect share in Dorad Energy Ltd.'s financial results for the year ended December 31, 2025, highlighting the impact of seasonal electricity demand and geopolitical events on revenues and operations [1][3][5]. Financial Performance - Dorad's revenues for the year ended December 31, 2025, were approximately NIS 2,650.5 million, a decrease from NIS 2,863.8 million in 2024 [7][13]. - The operating profit for Dorad in 2025 was approximately NIS 385.4 million, down from NIS 596.4 million in 2024 [7][13]. - Net profit for the year was NIS 148.4 million, compared to NIS 452.3 million in 2024 [13]. Seasonal Demand and Pricing - Electricity demand for Dorad's customers is seasonal, with higher consumption during winter and summer months due to extreme climate conditions [4]. - The TAOZ tariff, which varies by season and time of day, is generally higher in summer, affecting revenue [4]. Geopolitical Impact - The ongoing war situation in Israel, particularly the confrontation with Iran that began on June 13, 2025, has significantly impacted Dorad's operations, leading to a 22% revenue decrease in June 2025 compared to the previous year [5]. - The company continues to monitor the geopolitical situation and its potential effects on operations and asset values [5]. Financial Statements and Reporting - Dorad's financial statements were prepared in accordance with International Financial Reporting Standards and will be included in Ellomay's financial results [3][6]. - A convenience translation of Dorad's financial results was provided to facilitate access for Ellomay's shareholders [3]. Company Overview - Ellomay Capital Ltd. focuses on renewable energy and power generation projects in Europe, Israel, and the USA, with significant investments in various renewable energy sectors [8].