Diginex Limited Announces Extraordinary General Meeting to Approve Share Capital Increase and Share Consolidation
Globenewswire· 2026-03-27 21:00
Core Viewpoint - Diginex Limited is convening an Extraordinary General Meeting (EGM) to seek shareholder approval for significant changes to its share capital structure, including an increase in authorized share capital and a share consolidation to comply with Nasdaq listing requirements [1][2][3]. Group 1: Shareholder Meeting and Proposals - The EGM is scheduled for April 13, 2026, for shareholders of record as of March 27, 2026 [1]. - The company aims to increase its authorized share capital to US$200,000, divided into 3,960,000,000 ordinary shares and 40,000,000 preferred shares, by adding 3,000,000,000 ordinary shares [2]. - A share consolidation will occur where every eight existing ordinary shares will be consolidated into one new ordinary share, and the same applies to preferred shares [2]. Group 2: Impact of Authorized Share Capital Changes - The authorized share capital changes will not alter the proportionate ownership interest of shareholders and are not expected to materially affect the company's overall market capitalization [3]. - These changes are intended to ensure compliance with Nasdaq's continued listing requirements, particularly the minimum bid price requirement [3][8]. Group 3: Nasdaq Compliance and Future Actions - Diginex received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as the closing bid price was below $1.00 for 30 consecutive business days [7][8]. - The company has until September 21, 2026, to regain compliance, with the possibility of an additional 180-day grace period if necessary [9]. - If compliance is not achieved, the company's ordinary shares may face delisting from Nasdaq [9]. Group 4: Company Overview - Diginex Limited is a sustainable RegTech business that focuses on helping businesses and governments manage ESG, climate, and supply chain data through advanced technology [10].
Mustang Energy and Allied Strategic Resource Announce Closing of Plan of Arrangement and CSE Conditional Approval for the Allied Shares
Globenewswire· 2026-03-27 21:00
Core Viewpoint - Mustang Energy Corp. has successfully completed the spin-off of Allied Strategic Resource Corp., which has received conditional approval for its shares to be listed on the Canadian Securities Exchange [1][5]. Group 1: Arrangement Details - The spin-off arrangement was approved by Mustang's shareholders on November 14, 2025, and by the Supreme Court of British Columbia on November 24, 2025 [2]. - The arrangement involved transferring Mustang's ownership of the Ford Lake property and other properties to Allied in exchange for 6,400,000 Allied Shares at a deemed price of $0.05 per share [3]. - Shareholders received one New Mustang Share and approximately 0.0663 of an Allied Share for each existing Mustang Share held [3]. Group 2: Post-Arrangement Status - Following the arrangement, Allied is now a separate unlisted reporting issuer in British Columbia, Alberta, and Ontario, holding all rights to the SpinCo Properties [4]. - Allied plans to advance the Ford Lake Property and seek additional mining assets in the Athabasca Basin [7]. Group 3: Company Profiles - Mustang Energy Corp. focuses on the discovery and development of uranium and critical mineral assets, with properties in Saskatchewan's Athabasca Basin and emerging projects in Newfoundland and Labrador [6]. - Allied Strategic Resource Corp. is a mineral exploration and development issuer with a primary uranium project in Saskatchewan, covering approximately 7,430.70 hectares [7].
CenterPoint Energy, Inc. to Host Webcast of First Quarter 2026 Earnings Conference Call on April 23, 2026
Globenewswire· 2026-03-27 21:00
Core Viewpoint - CenterPoint Energy, Inc. is a significant player in the energy delivery sector, providing electric and gas utility services to over 7 million customers across multiple states in the U.S. [1] Company Overview - CenterPoint Energy, Inc. is the only investor-owned electric and gas utility based in Texas [1] - The company operates in electric transmission and distribution, power generation, and natural gas distribution [1] - As of December 31, 2021, CenterPoint Energy owned approximately $38 billion in assets [1] - The company has a workforce of around 9,400 employees and has been in operation for over 150 years [1] Customer Base - CenterPoint Energy serves more than 7 million metered customers in states including Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas [1]
NIP Group Inc. Announces Receipt of Nasdaq Notice
Globenewswire· 2026-03-27 21:00
Core Viewpoint - NIP Group Inc. has received a Deficiency Letter from Nasdaq due to its American depositary shares (ADSs) closing bid price being below the minimum requirement of US$1.00 for 32 consecutive business days, but this does not currently affect the listing or trading of its ADSs on Nasdaq [1]. Compliance Period - The company has a compliance period of 180 calendar days, until September 21, 2026, to regain compliance with Nasdaq's minimum bid price requirement [2]. - If the closing bid price of the company's ADSs reaches at least US$1.00 for a minimum of 10 consecutive business days during this period, Nasdaq will confirm compliance and close the matter [2]. Future Compliance - Should the company fail to regain compliance by September 21, 2026, it may be eligible for additional time as determined by Nasdaq staff [3]. - The Deficiency Letter does not impact the company's business operations, and the company plans to take all reasonable measures to regain compliance [3]. Company Overview - NIP Group operates at the intersection of Bitcoin mining, compute infrastructure, and global digital entertainment, leveraging a decade of gaming experience [4]. - The company is headquartered in Abu Dhabi and has a global presence, combining significant compute capacity with a gaming and entertainment ecosystem that includes esports teams and content networks [4].
Financial Results for the Fourth Quarter of 2025
Globenewswire· 2026-03-27 21:00
Core Viewpoint - Helios Fairfax Partners Corporation reported record net earnings of $41 million for 2025, marking the strongest performance since its establishment in 2020, driven by significant growth in book value and portfolio performance [2][5]. Financial Performance - For the year ended December 31, 2025, the company reported net earnings of $40.5 million, a significant improvement from a net loss of $58.8 million in 2024 [4][19]. - The book value per share increased to $4.22 from $3.84, reflecting a growth of 9.9% [5][19]. - Total portfolio investments rose to $463.7 million from $394.9 million, representing a 17.4% increase [5][19]. - In Q4 2025, net earnings were $18.4 million, compared to a loss of $41.6 million in Q4 2024 [12][19]. Investment Strategy - The company deployed $35.9 million into its portfolio, including investments in Helios Fund IV and loans to HSEG and HDV [5][12]. - HFP realized $25.2 million from Helios Managed Investments, with significant contributions from Seven Rivers and loans with HSEG [5][12]. - The company achieved net gains on investments of $65.2 million, with notable contributions from various investments including Seven Rivers and Helios Fund IV [5][19]. Consolidation and Future Outlook - Starting January 1, 2026, HFP will consolidate its asset management business, which includes TopCo LP and Helios Investment Partners [9][10]. - On a pro forma basis, if the Helios subsidiaries had been consolidated since January 1, 2025, the income would have been approximately $87 million for the year ended December 31, 2025 [10]. - The company has increased its borrowing facilities limit to $85 million, with an option for an additional $15 million to support further investments [12].
Paul Mueller Company Announces Its Fourth Quarter Earnings of 2025
Globenewswire· 2026-03-27 21:00
Core Viewpoint - Paul Mueller Company reported significant growth in net sales and net income for the fourth quarter and the full year ended December 31, 2025, indicating strong operational performance and improved profitability compared to the previous year [1][3][4]. Financial Performance - **Net Sales**: For Q4 2025, net sales reached $94.142 million, up from $70.474 million in Q4 2024, representing a 33.5% increase. For the full year 2025, net sales were $287.001 million, compared to $248.585 million in 2024, a growth of 15.4% [3][15]. - **Gross Profit**: Gross profit for Q4 2025 was $32.088 million, an increase from $25.809 million in Q4 2024. For the full year, gross profit rose to $93.800 million from $82.461 million, marking an increase of 13.5% [3][4]. - **Net Income**: The company reported a net income of $13.241 million for Q4 2025, compared to $11.140 million in Q4 2024, a growth of 18.9%. For the full year, net income was $34.680 million, up from $29.672 million in 2024, reflecting a 16.8% increase [3][4][18]. Comprehensive Income - **Comprehensive Income**: For the full year 2025, comprehensive income was $37.865 million, compared to $28.159 million in 2024, indicating a substantial increase driven by net income and foreign currency translation adjustments [4]. Balance Sheet Highlights - **Total Assets**: As of December 31, 2025, total assets were $214.321 million, up from $158.674 million in 2024, reflecting a growth of 35% [6][7]. - **Cash and Cash Equivalents**: Cash and cash equivalents increased to $29.883 million in 2025 from $21.169 million in 2024, showing a growth of 41.4% [6][11]. - **Shareholders' Investment**: Shareholders' investment rose to $98.957 million in 2025 from $78.949 million in 2024, an increase of 25.4% [7]. Operational Metrics - **Backlog**: The backlog as of December 31, 2025, was $243.606 million, significantly higher than $153.685 million in 2024, indicating strong future revenue potential [9]. - **Book Value per Share**: The book value per common share increased to $106.42 in 2025 from $84.27 in 2024, reflecting improved shareholder equity [9]. Cash Flow Analysis - **Net Cash from Operating Activities**: The company generated $59.928 million from operating activities in 2025, compared to $43.895 million in 2024, a growth of 36.5% [10]. - **Investing Activities**: Net cash used in investing activities was $(29.803) million in 2025, compared to $(14.835) million in 2024, indicating increased investment in growth initiatives [10]. - **Financing Activities**: Net cash used in financing activities was $(21.463) million in 2025, up from $(14.024) million in 2024, reflecting higher expenditures on dividends and treasury stock acquisitions [10].
Argo Engages Independent Trading Group as Market Maker and Closes Private Placement
Globenewswire· 2026-03-27 21:00
Core Viewpoint - Argo Corporation has engaged Independent Trading Group for market-making services and completed a private placement to enhance liquidity and support working capital [1][3]. Group 1: Market-Making Agreement - Argo Corporation has entered into a Market Making Services Agreement with Independent Trading Group, which will trade shares on the TSX Venture Exchange to improve liquidity [1]. - ITG will receive a monthly compensation of $6,000 for its services, with the agreement starting on March 27, 2026, and renewable monthly [2]. - The agreement can be terminated by either party with a 30-day notice, and there are no performance factors or equity compensation involved [2]. Group 2: Private Placement Offering - The company has closed a non-brokered private placement, raising gross proceeds of $750,000 by issuing 1,875,000 common shares at a price of $0.40 each [3]. - The net proceeds from the offering will be allocated for working capital and general corporate purposes, with a statutory hold period expiring on July 28, 2026 [3]. - No finder's fees or commissions were paid in connection with this offering, which is subject to final acceptance by the TSX Venture Exchange [3]. Group 3: Company Overview - Argo Corporation is focused on next-generation transit solutions, aiming to create an integrated city transit system that enhances public transportation and mobility [5].
Total Return Securities Fund Announces Annual Meeting
Globenewswire· 2026-03-27 20:32
NEW YORK, March 27, 2026 (GLOBE NEWSWIRE) -- Total Return Securities Fund (the “Fund”) (NYSE: SWZ) announced today that its 2026 Annual Meeting of Stockholders will be held at 2:00 p.m. Eastern Time on Thursday, June 11, 2026 at the office of Bulldog Investors LLP, 250 Pehle Avenue, Suite 708, Saddle Brook, NJ 07663. Stockholder proposals intended to be presented at the 2026 Annual Meeting in accordance with Rule 14a-8 of the Securities and Exchange Act of 1934 must be received by the Fund by April 17, 2026 ...
TRG Latin America Acquisitions Corp. Announces Closing of Partial Exercise of IPO Over-Allotment Option
Globenewswire· 2026-03-27 20:30
Core Viewpoint - TRG Latin America Acquisitions Corp. has successfully completed a partial exercise of the underwriter's over-allotment option, resulting in additional gross proceeds of $6,320,000 from the sale of 632,000 units at $10.00 per unit, increasing total gross proceeds from the initial public offering to $206,320,000 [1][2]. Group 1 - The total number of units sold in the public offering has increased to 20,632,000 units following the partial exercise of the over-allotment option [2]. - The offering consists of units that include one Class A ordinary share and one right, which entitles the holder to receive one-tenth of one Class A ordinary share upon the completion of an initial business combination [3]. - The Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols "TRGS" and "TRGSR," respectively, once separate trading begins [3]. Group 2 - Santander acted as the sole book-running manager for the offering [3]. - A registration statement for the securities was filed with the U.S. Securities and Exchange Commission and became effective on February 25, 2026 [5]. - The offering was conducted through a prospectus, which can be obtained from Santander US Capital Markets LLC [4].
Sotherly Hotels Inc. Announces Intention to List on OTC Market Platform, Voluntarily Delist from Nasdaq and Continue SEC Reporting
Globenewswire· 2026-03-27 20:30
Core Viewpoint - Sotherly Hotels Inc. has announced the voluntary withdrawal of its preferred stock listings from Nasdaq, which is seen as beneficial for the company and its shareholders following a recent merger [1][4]. Group 1: Delisting and Deregistration - The company plans to file a Form 25 with the SEC around April 7, 2026, to initiate the delisting of its preferred stock from Nasdaq and deregister it under the Securities Exchange Act of 1934 [2]. - The last trading day for the preferred stock on Nasdaq is expected to be around April 17, 2026 [2]. Group 2: Impact of Merger - The decision to delist is influenced by a merger completed on February 12, 2026, where all outstanding common stock was acquired by KW Kingfisher LLC, and over 80% of preferred stockholders opted for cash consideration for their shares [4]. Group 3: Company Status - Sotherly Hotels Inc. will maintain its status as a real estate investment trust (REIT) for U.S. federal income tax purposes despite the transition [3]. - The company operates as an externally-managed lodging REIT, owning ten full-service hotels with a total of 2,786 rooms across seven states [5].