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Intelligent Bio Solutions Announces Closing of $10.0 Million Private Placement Priced At-the-Market Under Nasdaq Rules
Globenewswire· 2026-01-02 22:00
Core Viewpoint - Intelligent Bio Solutions Inc. has successfully closed a private placement with institutional investors, raising approximately $10 million to support its operations and product development [1][2]. Group 1: Private Placement Details - The private placement involved the issuance of 2,298,850 shares of common stock and associated Series K-1 and K-2 warrants, priced at $4.35 per share [1]. - The Series K-1 and K-2 warrants have an exercise price of $4.10 per share and are exercisable immediately upon issuance, with a term of five years [1]. - The expected gross proceeds from this placement are approximately $10 million, before deducting fees and expenses [1]. Group 2: Use of Proceeds - The company intends to utilize the proceeds for working capital and general corporate purposes, including funding its 510(k) submission with the FDA for its Intelligent Fingerprinting Drug Screening System [2]. - The funds will also support the company's efforts to expand into international markets [2]. Group 3: Company Overview - Intelligent Bio Solutions Inc. specializes in non-invasive testing solutions, particularly through its Intelligent Fingerprinting Drug Screening System, which analyzes fingerprint sweat [5]. - The system is designed to be hygienic and cost-effective, screening for drugs commonly found in workplace settings, including opiates, cocaine, methamphetamine, and cannabis [5]. - The company targets various customer segments outside the U.S., including construction, manufacturing, transport, and drug treatment organizations [5].
Westport Announces Board of Directors Update
Globenewswire· 2026-01-02 22:00
Tony Guglielmin assuming Chair role with retirement of current Chair Dan Hancock; Westport welcoming new Board member Brad KotushVANCOUVER, British Columbia, Jan. 02, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport") (TSX:WPRT / Nasdaq: WPRT), a supplier of alternative fuel systems and components for the global transportation industry, today announces changes to its Board of Directors. Chair Dan Hancock, appointed to the Board in July 2017, retired from the Board, effective December 31, 2025, ...
MKDW repurchased approximately $7 million worth of its outstanding ordinary shares.
Globenewswire· 2026-01-02 22:00
Hsinchu, Taiwan, Jan. 02, 2026 (GLOBE NEWSWIRE) -- MKDWELL Tech Inc. (NASDAQ: MKDW) (“MKDWELL” or the “Company”), an automotive electronics manufacturer, today announced that it has entered into stock repurchase agreements with certain shareholders, pursuant to which the Company has agreed to repurchase 34,580,000 ordinary shares at a price of US$0.203 per share, for an aggregate purchase price of approximately US$7 million, through a privately negotiated transaction (the “Share Repurchase”). The purchase p ...
Legence Completes Acquisition of Bowers
Globenewswire· 2026-01-02 21:55
Core Viewpoint - Legence Corp. has successfully completed the acquisition of The Bowers Group, enhancing its service offerings and marking a significant milestone in its growth strategy [1][2]. Financial Details - The acquisition involved an upfront cash payment of $325 million, funded through a combination of cash reserves, borrowings from a revolving line of credit, a $200 million increase in Legence's term loan facility, and the issuance of approximately 2.55 million shares of Class A common stock [2]. - An additional $50 million in deferred consideration will be paid at the end of 2026, either in cash or in Class A common stock at the company's discretion [2]. Company Overview - Legence is a leading provider of engineering, consulting, installation, and maintenance services for mission-critical systems in buildings, specializing in HVAC, process piping, and other mechanical, electrical, and plumbing (MEP) systems [3]. - The company focuses on enhancing energy efficiency, reliability, and sustainability in both new and existing facilities, serving technically demanding sectors and counting over 60% of the Nasdaq-100 Index among its clients [3].
Midland States Bancorp, Inc. to Announce Fourth Quarter 2025 Financial Results on Thursday, January 22
Globenewswire· 2026-01-02 21:30
EFFINGHAM, Ill., Jan. 02, 2026 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) announced today that it will issue its fourth quarter 2025 financial results after market close on Thursday, January 22, 2026. Along with the press release announcing the financial results, the Company will publish an investor presentation that will be available on the Webcasts and Presentations page of its investor relations website. About Midland States Bancorp, Inc. Midland States Bancorp, Inc. is a community-b ...
O'Reilly Automotive, Inc. Announces Dates for Its Fourth Quarter and Full-Year 2025 Earnings Release and Conference Call
Globenewswire· 2026-01-02 21:30
Earnings Release Date – Wednesday, February 4, 2026, after 3:30 p.m. Central TimeConference Call Date – Thursday, February 5, 2026, at 10:00 a.m. Central Time SPRINGFIELD, Mo., Jan. 02, 2026 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, announces the release date for its fourth quarter and full-year 2025 results as Wednesday, February 4, 2026, with a conference call to follow on Thursday, February 5, 202 ...
Patria Investments completes acquisition of 51% stake in Solis Investimentos
Globenewswire· 2026-01-02 21:30
GRAND CAYMAN, Cayman Islands, Jan. 02, 2026 (GLOBE NEWSWIRE) -- Patria Investments Limited (“Patria”) (NASDAQ: PAX), a global alternative asset manager, confirmed today the completion of its previously announced acquisition of a 51% stake in Solis Investimentos, a leading Brazilian investment manager specializing in the structuring and management of CLOs. Pro-forma as of 3Q25, the addition of Solis’ approximate US$ 3.5 bn of Fee-Earning AUM (“FEAUM”) will increase Patria’s total Credit FEAUM by over 40% to ...
High Income Securities Fund Declares Distributions For First Quarter of 2026
Globenewswire· 2026-01-02 21:16
Core Viewpoint - High Income Securities Fund has declared its next three monthly distributions under its managed distribution plan, maintaining an annual distribution rate of 10% for 2026 based on the net asset value of $6.96 as of December 31, 2025 [2]. Distribution Details - The Fund will distribute $0.0580 per share for each of the next three months: January, February, and March 2026 [2]. - The record and payable dates for these distributions are as follows: - January: Record Date - January 20, 2026; Payable Date - January 30, 2026 - February: Record Date - February 17, 2026; Payable Date - February 27, 2026 - March: Record Date - March 17, 2026; Payable Date - March 31, 2026 [2]. Managed Distribution Plan - The Fund's managed distribution plan allows for distributions to be made from long-term capital gains and/or return of capital if sufficient investment income is not available [2]. - The Board of Trustees may amend or terminate the managed distribution plan at any time without prior notice, which could impact the market price of the Fund's common shares [2]. - A yearly review of the fixed annual distribution rate will be conducted to determine if adjustments are necessary [2]. Tax Reporting - The Fund will provide an estimate of the composition of each distribution to common stockholders, with the actual composition reported on Form 1099-DIV after the end of the year for tax purposes [3].
XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.060 per Share
Globenewswire· 2026-01-02 21:15
Core Viewpoint - XAI Octagon Floating Rate & Alternative Income Trust has declared a monthly distribution of $0.060 per share, reflecting a 14.29% decrease from the previous month's distribution of $0.070 per share [1][2]. Distribution Details - The distribution is payable on January 30, 2026, to shareholders of record as of January 15, 2026 [1][3]. - The new distribution amount results in an annualized distribution rate of 15.00% based on market price and 13.48% based on NAV as of December 31, 2025 [2]. Investment Objective and Portfolio - The Trust aims for attractive total returns with a focus on income generation across various stages of the credit cycle, primarily investing in floating-rate credit instruments [2][10]. - The Trust's income generation has been negatively impacted by recent Federal Reserve rate cuts and interest rate spread compression [2]. Tax and Distribution Characteristics - Distributions may come from net investment income, capital gains, or a return of capital, and shareholders should not assume distributions are solely from net income [3][6]. - The Trust is subject to a 4% excise tax if it fails to distribute at least 98% of its ordinary income and capital gains by year-end [5]. Management and Advisory - XA Investments LLC serves as the Trust's investment adviser, focusing on providing access to alternative investment strategies [12][14]. - Octagon Credit Investors, LLC acts as the investment sub-adviser, specializing in below-investment grade corporate credit investments [16].
ARMOUR Residential REIT, Inc. Confirms January 2026 Common Share and Q1 2026 Series C Preferred Share Dividends
Globenewswire· 2026-01-02 21:15
Core Viewpoint - ARMOUR Residential REIT, Inc. has confirmed its cash dividend for January 2026 for both Common Stock and Series C Preferred Stock, aligning with previous guidance provided in December 2025 [1]. Dividend Information - The cash dividend for Common Stock in January 2026 is set at $0.24, with a holder of record date on January 15, 2026, and a payment date on January 29, 2026 [2]. - For Series C Preferred Stock, the dividend for January 2026 is $0.14583, with the same holder of record date of January 15, 2026, and a payment date on January 27, 2026. The same dividend amount will be paid in February and March 2026, with respective holder of record dates on February 15 and March 15, and payment dates on February 27 and March 27 [3]. Tax Matters - ARMOUR has elected to be taxed as a real estate investment trust (REIT) for U.S. Federal income tax purposes, which requires the company to distribute substantially all of its ordinary REIT taxable income to maintain this status. Dividends exceeding current tax earnings and profits will generally not be taxable to common stockholders [4]. Company Overview - ARMOUR primarily invests in fixed-rate residential, adjustable-rate, and hybrid adjustable-rate residential mortgage-backed securities that are issued or guaranteed by U.S. government-sponsored enterprises or the Government National Mortgage Association. The company is externally managed and advised by ARMOUR Capital Management LP, which is registered with the SEC [5].