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Treasure Global Announces 12-Month Voluntary Lock-Up by Major Shareholders Covering Over 51% of Outstanding Shares
Globenewswire· 2025-11-14 20:40
Core Insights - Treasure Global Inc. has announced a 12-month lock-up for over 51% of its outstanding shares, effective November 14, 2025, indicating strong confidence in its long-term strategy and market stability [1][5][6] Shareholder Commitment - The lock-up involves 24 entities and individuals, collectively representing over 51% of the Company's outstanding shares [2] - Participating shareholders are prohibited from selling, transferring, or disposing of any common stock or convertible securities during the lock-up period, with certain exceptions [3][4] Strategic Alignment - The lock-up is supported by major shareholders, including executive directors and long-standing investors, reflecting confidence in the Company's strategic direction and growth roadmap [5][6] - The CEO emphasized that this alignment allows the Company to execute key initiatives, such as the OXI Wallet and UNIRWA token program, while maintaining a stable shareholder base [6] Growth Initiatives - The lock-up follows significant milestones in the Company's fintech and digital asset initiatives, including the development of the OXI Wallet platform and the UNIRWA token program, showcasing a commitment to long-term growth and innovation [7] - The Company is enhancing its treasury management capabilities to optimize financial resources for growth, supporting sustained value creation [8] Company Overview - Treasure Global is a Malaysia-based technology solutions provider focused on digital transformation in retail and services, with its flagship product being the ZCITY Super App, which has over 2.7 million registered users as of June 2025 [9]
WeShop® Debuts on Nasdaq Under Ticker “WSHP”, Ushering in a New Retail Revolution
Globenewswire· 2025-11-14 20:07
Core Insights - WeShop Holdings Limited has begun trading its Class A ordinary shares on the Nasdaq Capital Market under the ticker symbol "WSHP" and plans to launch its app in the U.S. market [1] - The company has established partnerships with major retailers in the UK, providing access to over 1.2 billion products and achieving over $140 million in sales during its UK pilot [1][5] Company Overview - WeShop is a pioneering social-commerce platform that allows users to earn ownership through shopping, creating a community-owned social shopping network [2][5] - The ShareBack™ Rewards Plan enables users to earn WePoints for shopping and referrals, which can be converted into shares of WeShop [2][5] Market Position - The global e-commerce market is projected to exceed $8 trillion by 2027, with social commerce expected to surpass $2 trillion by 2026, positioning WeShop at the intersection of these trends [3] - WeShop's model promotes a shift from a creator economy to an ownership economy, where every user can become an investor [3] Legal and Advisory Support - Kirkland & Ellis LLP served as U.S. legal counsel, while Harney Westwood & Riegels (BVI) LP acted as BVI counsel, and ThinkEquity provided advisory services for the direct listing [4] Future Plans - WeShop plans to launch its app in the U.S. with partnerships involving hundreds of retailers, further expanding its reach and user engagement [7]
Firefly Aerospace Announces Upcoming Investor Events
Globenewswire· 2025-11-14 20:00
CEDAR PARK, Texas, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Firefly Aerospace (Nasdaq: FLY), a market leading space and defense technology company, today announced that management will participate in the upcoming investor events: Event: Baird 8th Annual Defense & Government ConferenceDate: Tuesday, November 18, 2025Location: The Ritz-Carlton, Tysons Corner, Virginia Event: Deutsche Bank Global Space SummitDate: Wednesday, November 19, 2025Location: Deutsche Bank Center, New York City Event: 14th Annual ROTH Techn ...
Atlantic American Corporation Reports Third Quarter Results for 2025
Globenewswire· 2025-11-14 19:56
Core Insights - Atlantic American Corporation reported a net income of $0.6 million, or $0.02 per diluted share, for Q3 2025, a significant improvement from a net loss of ($2.0) million, or ($0.10) per diluted share, in Q3 2024 [1] - For the nine-month period ended September 30, 2025, net income was $4.7 million, or $0.22 per diluted share, compared to a net loss of ($4.7) million, or ($0.24) per diluted share, in the same period of 2024 [1] - The increase in net income was primarily driven by higher premium revenue in automobile liability, inland marine, and automobile physical damage lines, as well as growth in Medicare supplement and group accident and health lines [1][2] Financial Performance - Operating income increased by $2.3 million in Q3 2025 compared to Q3 2024, and by $7.7 million for the nine-month period [2] - Premium revenue grew nearly 12% year-to-date, supported by new business and solid retention across both property & casualty and life & health segments [3] - Total revenue for Q3 2025 was $53.76 million, up from $44.52 million in Q3 2024, while total revenue for the nine-month period was $159.18 million, compared to $139.18 million in the same period of 2024 [8] Insurance Operations - Insurance premiums for life and health increased to $29.47 million in Q3 2025 from $27.57 million in Q3 2024, and for property and casualty, they rose to $22.5 million from $16.21 million [8] - Insurance benefits and losses incurred for life and health were $17.51 million in Q3 2025, compared to $16.78 million in Q3 2024, while property and casualty incurred losses increased to $17.96 million from $13.98 million [8] Balance Sheet Highlights - Total assets as of September 30, 2025, were $430.86 million, up from $393.43 million at the end of 2024 [9] - Total shareholders' equity increased to $109.49 million from $99.61 million [9] - Book value per common share rose to $5.10 from $4.61 [9]
Embassy Bancorp, Inc. Announces Results of Operations as of and for the Three and Nine Months Ended September 30, 2025
Globenewswire· 2025-11-14 19:51
Core Insights - Embassy Bancorp, Inc. filed its Quarterly Report on Form 10-Q for the period ended September 30, 2025, highlighting its financial performance and operational metrics [1] Company Overview - Embassy Bancorp, Inc. has over $1.7 billion in assets and operates Embassy Bank for the Lehigh Valley, serving the community since 2001 with ten branch locations and a suite of digital banking services [2] - The bank ranks fourth in total deposit market share in Lehigh and Northampton Counties, reinforcing its position as a leading financial institution in the region [3] Financial Performance - Cash and cash equivalents were $108.0 million at September 30, 2025, representing 6.1% of total assets [6] - Total deposits increased by $67.6 million, or 4.4%, to $1.62 billion from $1.55 billion at December 31, 2024 [6] - The bank's net interest margin (FTE) rose to 2.52% for the quarter ended September 30, 2025, up from 2.43% in the previous quarter and 2.21% in the same quarter of the prior year [6] - The cost of funds was 1.82% for the quarter ended September 30, 2025, slightly up from 1.81% in the previous quarter and down from 1.98% in the same quarter of the prior year [6] - The bank's return on average assets increased to 0.87% for the quarter ended September 30, 2025, compared to 0.79% in the previous quarter [6] - Net income for the three months ended September 30, 2025, was $3.8 million, or $0.50 per diluted share, up from $2.7 million, or $0.36 per diluted share, in the same quarter of the prior year [6] Accolades and Recognition - Embassy Bank was named the Reader's Choice "Best Bank" for the 11th consecutive year by The Morning Call and received additional honors for "Best Bank" and "Best Mortgage Company" from Lehigh Valley Style Magazine [4] - Bauer Financial awarded Embassy Bank a 5-star rating, indicating continued financial strength and stability [4]
CROSSJECT completes €5 million financing with Vatel Capital
Globenewswire· 2025-11-14 19:46
Press release CROSSJECT completes €5 million financing with Vatel Capital DIJON, France – November 14th, 2025 (8.30 PM CET) – CROSSJECT (ISIN: FR0011716265; Euronext: ALCJ), a specialty pharmaceuticals company that develops products for emergency situations based on its proprietary ZENEO® needle-free auto-injector technology, in the advanced stages of development and registration of ZEPIZURE®, an injectable for the treatment of epileptic seizures, today announces the completion of a €5 million fund raising ...
OROCO CLOSES FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
Globenewswire· 2025-11-14 19:45
VANCOUVER, Canada, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce the closing of the second tranche of its non-brokered private placement, issuing an additional 2,500,000 units at a price of US$0.20 per unit, for gross proceeds of US$500,000.00. Each unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one share of the Company for US$0.30 for a period ...
Tevogen Highlights Continued Capital Efficiency Following Filing of Q3 2025 Form 10-Q
Globenewswire· 2025-11-14 19:32
Core Viewpoint - Tevogen Bio Holdings Inc. emphasizes its commitment to capital-efficient operations and sustainable practices in the biotechnology industry, as highlighted in its quarterly report for Q3 2025 [1][8]. Financial Performance - The company reported a loss from operations of $5.7 million for Q3 2025, a 6% decrease compared to Q3 2024 [2][3]. - For the nine months ended September 30, 2025, the operating loss was $21.5 million, reflecting a 51% reduction compared to the same period in 2024 [2][3]. - Total operating expenses for Q3 2025 were $5.7 million, down from $6.1 million in Q3 2024 [3]. - Research and development expenses for Q3 2025 were $3.1 million, compared to $3.3 million in Q3 2024 [3]. - General and administrative expenses decreased to $2.6 million in Q3 2025 from $2.8 million in Q3 2024 [3]. Non-GAAP Financial Metrics - On a non-GAAP basis, the adjusted loss from operations was $2.5 million for Q3 2025, a 10% reduction from $2.8 million in Q3 2024 [5][6]. - For the nine months ended September 30, 2025, the adjusted loss from operations was $7.8 million, a 25% decrease from $10.4 million in the same period of 2024 [5][7]. Strategic Focus - The company aims to transition from traditional high-cost drug development to a more efficient model that emphasizes patient affordability while maintaining profitability [8]. - Tevogen is committed to scalable science and responsible execution, focusing on broad patient access in its pipeline for infectious diseases and oncology [8].
Malaga Financial Corporation Announces Special Year End 2025 Stock Dividend in Addition to First Quarter 2026 Cash Dividend
Globenewswire· 2025-11-14 19:10
Core Points - Malaga Financial Corporation declared a special 5% stock dividend on its common stock, payable on or about December 31, 2025, to shareholders of record on December 19, 2025 [1] - A quarterly cash dividend of 25 cents was also declared, payable on or about January 2, 2026, to shareholders of record on December 19, 2025 [1] - Total cash dividends for 2025 will amount to $1.00 per share, resulting in a 4.55% annual yield based on a closing share price of $22.00 on November 13, 2025 [1] - This marks the 14th consecutive year that the company has declared a special year-end dividend alongside the quarterly cash dividend [1] Company Overview - Malaga Bank, a subsidiary of Malaga Financial Corporation, is a full-service community bank located in the South Bay area of Los Angeles [1] - The bank has been consistently recommended by Bauer Financial Inc., receiving a 5-Star rating for 71 consecutive quarters as of June 2025 [1] - Malaga Bank has been providing competitive banking services, including real estate loan products, to residents and businesses in the South Bay since 1985 [1]
Xcel Brands to Host Third Quarter 2025 Earnings Call on November 19, 2025
Globenewswire· 2025-11-14 19:00
NEW YORK, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ: XELB) (“Xcel” or the “Company”), today announced that it will report its third quarter 2025 financial results on November 19, 2025. The Company will hold a conference call with the investment community on November 19, 2025, at 5:00 p.m. ET. A webcast of the conference call will be available live on the Investor Relations section of Xcel’s website at https://xcelbrands.co/pages/events-and-presentations or directly at https://edge.media-se ...