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Bel Fuse Schedules Second Quarter 2025 Financial Results Conference Call
Globenewswire· 2025-07-11 12:30
Core Viewpoint - Bel Fuse Inc. is set to release preliminary financial results for the second quarter on July 24, 2025, with a conference call scheduled for July 25, 2025, at 8:30 a.m. ET [1] Company Overview - Bel Fuse Inc. designs, manufactures, and markets a wide range of products that power, protect, and connect electronic circuits [2] - The company's products are utilized in various industries, including defense, commercial aerospace, networking, telecommunications, computing, general industrial, high-speed data transmission, transportation, and eMobility [2] - Bel's product categories include Power Solutions and Protection, Connectivity Solutions, and Magnetic Solutions, with operations in facilities worldwide [2]
FibroBiologics to Present at the Advanced Wound Care Summit USA
Globenewswire· 2025-07-11 12:30
HOUSTON, July 11, 2025 (GLOBE NEWSWIRE) -- FibroBiologics, Inc. (Nasdaq: FBLG) (“FibroBiologics”), a clinical-stage biotechnology company with 275+ patents issued and pending with a focus on the development of therapeutics and potential cures for chronic diseases using fibroblasts and fibroblast-derived materials, today announced that Founder and Chief Executive Officer, Pete O’Heeron, will present at the Advanced Wound Care Summit USA in Boston, Massachusetts, on July 15, 2025. The presentation will includ ...
Mercado Libre Achieves Full Investment Grade Rating with S&P's upgrade to ‘BBB-'
Globenewswire· 2025-07-11 12:30
Core Viewpoint - Mercado Libre has received an investment grade rating of 'BBB-' from S&P Global Ratings, following a similar upgrade from Fitch Ratings, indicating strong confidence in the company's financial health and operational performance [1][2][3]. Group 1: Rating Upgrade - S&P Global Ratings upgraded Mercado Libre's rating from 'BB+' to 'BBB-' with a Stable Outlook, marking it as a full investment grade company [1][3]. - This upgrade reflects the company's strong operating performance, improving profitability, and conservative balance sheet, with debt to EBITDA expected to remain below 2.0x and debt-to-tangible equity below 1.0x [2][3]. Group 2: Business Performance - The rating upgrade underscores Mercado Libre's enhanced financial and operational performance, driven by substantial growth across its business lines, particularly in Commerce and Fintech [3][4]. - The company has successfully expanded its user base and market share, particularly in Brazil, Mexico, and Chile, by driving offline retail online and democratizing access to financial services [3][4]. Group 3: Strategic Strengths - Both S&P and Fitch highlighted the strength of Mercado Libre's vertically integrated ecosystem, which includes marketplace, logistics, fintech, and advertising businesses, as well as its market leadership in key Latin American countries [2][4]. - The company's expanding fintech operations, growth in its credit portfolio, and continued investment in logistics infrastructure are seen as key drivers of long-term potential [4]. Group 4: Market Position - With the second investment grade rating, Mercado Libre strengthens its standing in global capital markets, reflecting high confidence in its growth trajectory, risk management, and long-term strategic vision [5]. - Founded in 1999, Mercado Libre operates in 18 countries, offering a comprehensive ecosystem for commerce and financial services, which positions it well for future growth in a high-potential market [5].
Cycurion Team to Speak on Cybersecurity at the NACCHO360 Conference
Globenewswire· 2025-07-11 12:30
Core Insights - Cycurion, Inc. is a leader in IT cybersecurity solutions and AI, focusing on protecting healthcare organizations from emerging cyber threats [1][4] - The company will participate in the NACCHO360 conference, where executives will discuss current cybersecurity trends and defensive strategies for healthcare [2][3] Company Overview - Cycurion is based in McLean, Virginia, and specializes in cybersecurity, program management, and business continuity [4] - The company utilizes its AI-enhanced ARx platform to provide innovative services to clients, including government and healthcare sectors [4] Industry Context - The healthcare sector is increasingly targeted by cyber threats such as ransomware, AI-driven botnets, and phishing campaigns [3] - There is a growing cybersecurity arms race between AI-driven good and bad actors, necessitating advanced defensive strategies [3][7] Event Details - Michael A. Phillips and W. Eric Singleton will lead a panel titled "Hacking Health: Emerging Cyber Threats and Defensive Strategies for Healthcare and Public Health Organizations" at NACCHO360 [2][3] - The session will cover the latest cyber threats and how to mitigate risks using technologies like deception tools and Zero Trust frameworks [3][7] Partnership Announcement - Cycurion has been announced as NACCHO's newest Diamond Affiliate Business Partner, introducing the co-branded cybersecurity solution, NACCHO Cyber Shield [3]
DeFi Dev Corp. and Switchboard Join Forces to Advance RWA Oracle Infrastructure on Solana
Globenewswire· 2025-07-11 12:30
BOCA RATON, FL, July 11, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”) the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced the signing of a non-binding Letter of Intent (LOI) with Switchboard Technology Labs Inc., a core contributor to the Switchboard Protocol, a leading decentralized oracle network on Solana. Under the agreement, DeFi Dev Corp. and Switchboard intend to explore a strategic collaboration focused ...
Houston American Energy Corp. Secures $100 Million Equity Line of Credit to Fuel Growth and Support Strategic Acquisitions
Globenewswire· 2025-07-11 12:30
HOUSTON, TX, July 11, 2025 (GLOBE NEWSWIRE) -- Houston American Energy Corp. (NYSE American: HUSA) (“HUSA” or the “Company”) today announced it has secured a Common Stock Purchase Agreement with an institutional investor, establishing an equity line of credit of up to $100 million. The Company intends to use the proceeds to accelerate its growth strategy, including strategic acquisitions, scaling operations, and expanding its presence in the low-carbon fuels and chemicals sector. “This capital commitment is ...
Upexi, Inc. Announces Pricing of $200 Million Concurrent Private Placement of Common Stock and Convertible Notes both Priced above the At-the-Market Price under Nasdaq Rules
Globenewswire· 2025-07-11 12:30
Core Viewpoint - Upexi, Inc. has announced two significant capital-raising initiatives: an Equity Offering and a Note Offering, aimed at funding its business operations and expanding its cryptocurrency portfolio, particularly in Solana assets [1][3][6]. Equity Offering - The company has entered into securities purchase agreements for the sale of 12,457,186 shares of common stock at a price of $4.00 per share, generating approximately $50 million in gross proceeds before expenses [1][2]. - The closing of the Equity Offering is expected around July 14, 2025, pending customary closing conditions [2][5]. - Proceeds from the Equity Offering will be used for business operations, working capital, and to support the company's Solana treasury strategy [2][6]. Note Offering - Concurrently, Upexi has entered into agreements for the purchase of Convertible Notes with an aggregate principal amount of approximately $150 million, collateralized by Solana (SOL) [3][4]. - The Convertible Notes carry a 2.0% interest rate, payable quarterly, with a fixed conversion price of $4.25 per share and a maturity of 24 months [4][5]. - The closing of the Note Offering is anticipated around July 16, 2025, also subject to customary closing conditions [5]. Cryptocurrency Strategy - Upon closing the Note Offering, the company expects to hold approximately 1.65 million SOL, more than doubling its previously disclosed balance of 735,692 SOL [6]. - The net proceeds from the Equity Offering will be allocated to acquiring additional SOL in the coming weeks [6]. Company Overview - Upexi, Inc. specializes in the development, manufacturing, and distribution of consumer products and has diversified into the cryptocurrency sector [9].
Houston American Energy Secures $5 Million in Strategic Financing to Acquire Texas Gulf Coast Development Site
Globenewswire· 2025-07-11 12:30
Core Viewpoint - Houston American Energy Corp. has secured a $5 million Convertible Note to fund part of the acquisition of a 25-acre site at Cedar Port Industrial Park, aimed at developing a plastics-to-low-carbon fuels hub [1][4]. Group 1: Acquisition Details - The acquisition site is located in the largest rail and barge-served industrial park in the U.S., providing logistical advantages for transporting feedstock and low-carbon fuels [2]. - The expected closing date for the acquisition is July 2025, with a total cost of approximately $8.5 million [4]. Group 2: Financial Instrument - The Senior Secured Convertible Note has an 8% Original Issue Discount for a face amount of about $5.4 million and carries a 7% interest rate, maturing on July 10, 2026 [3]. - The Note is convertible into common shares at a price representing a 10% premium to a defined look-back price, which is the lower of the closing price on the day prior to signing or the five-day average closing price [3]. Group 3: Company Overview - Houston American Energy Corp. is an independent energy company with a diversified portfolio in both conventional and renewable sectors, focusing on oil and natural gas exploration and production [5]. - The company has recently acquired Abundia Global Impact Group, which specializes in converting waste plastics into low-carbon fuels, reflecting its commitment to sustainable energy solutions [5].
Jaylen Brown, Abdulla Al Zain & Ahsan Ashraf Join Board to Drive Innovation & Global Expansion; Riz Shah Named Chairman
Globenewswire· 2025-07-11 12:30
Core Insights - Hapbee Technologies, Inc. has completed transformative changes to its Board of Directors, marking a significant step in its growth roadmap [1][3] - The new board is expected to guide the company through its most exciting growth phase, leveraging diverse experience across various sectors and geographies [3][4] Leadership Update - Rizwan "Riz" Shah has been appointed as the Chairman of the Board, bringing over 25 years of experience in growth and transformation strategies [3][4] - The board now includes members with expertise in innovation, legal, finance, global strategy, and commercialization, enhancing its capability to drive Hapbee's growth [4][6] Company Overview - Hapbee is a digital wellness technology company focused on helping users optimize sleep, performance, and overall well-being through its patented ultra-low radio frequency energy (ulRFE®) technology [4][6] - The company's products and subscriptions are available for purchase online and through a growing network of distributors [4]
2025 Hunan Red Tourism and Culture Festival kicks off in Xiangtan City
Globenewswire· 2025-07-11 12:24
XIANGTAN, China, July 11, 2025 (GLOBE NEWSWIRE) -- 2025 Hunan Red Tourism and Culture Festival & the 4th Xiangtan Tourism Development Conference was held in Shaoshan County, Xiangtan City of Hunan Province from July 10 to 11. Centering on the theme of "Aspiring to Shaoshan ・ Meeting in Hunan for the Future", the event carefully planned two main activities: the "Motherland is So Beautiful" Poetry Recital and the opening ceremony of the conference. A Media Snippet accompanying this announcement is available ...