Workflow
Complexity stops investors opening SMSFs: moomoo launches one-stop service for them
Globenewswire· 2025-06-19 04:16
Core Insights - Investors in Australia are interested in opening self-managed super funds (SMSFs) to invest in cryptocurrency and utilize artificial intelligence, but face barriers such as complexity and costs associated with setting up SMSFs [2][3][4] Group 1: Investor Sentiment and Barriers - 24% of interested Australians have not opened an SMSF due to its complexity [3] - 21% cite costs as a reason for not opening an SMSF [3] - 24% of potential SMSF investors are unsure about what to invest in, prompting moomoo to provide educational resources [4] Group 2: Use of Artificial Intelligence - 67% of Australian share investors would use AI in their SMSF investing [7] - A third would utilize AI for investment strategy, while 37% would use it for analyzing individual investments [7] - AI tools are seen as beneficial for managing SMSFs and meeting compliance requirements [8] Group 3: Cryptocurrency Interest - 60% of those interested in SMSFs are either trading or want to trade cryptocurrencies, with 88% specifically interested in Bitcoin [10] - Current SMSF owners show a more conservative approach, with 55% trading or wanting to trade crypto [10] - Moomoo offers access to over 26,000 securities, including a variety of crypto-based stocks and ETFs [11] Group 4: Survey Demographics - The survey included 153 experienced share market investors, with about one third holding an SMSF and 22% interested in opening one [12] - Typical respondents are over 45 years old, work full-time, and have a household income between $50,000 and $150,000 [13] - Those not running an SMSF have about one year of share trading experience and consider themselves 'intermediate' in investment knowledge [13]
Ascot Announces Results of Annual General Meeting Held June 18, 2025
Globenewswire· 2025-06-19 04:01
VANCOUVER, British Columbia, June 18, 2025 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) reports that at its annual general meeting (the "AGM") held on June 18, 2025, Ascot's Shareholders approved by majority: to set the number of directors at six (6), to elect all six directors standing for election; to re-appoint PricewaterhouseCoopers LLP as the Company's auditor; and the philosophy and design of the Company’s executive compensation. Detailed results of the ...
Questerre reports on AGM voting results
Globenewswire· 2025-06-19 03:48
Core Points - Questerre Energy Corporation held its annual meeting of shareholders on June 18, 2025, where all matters presented for approval were approved [1] - The number of directors to be elected was fixed at six, and all five nominees were elected with high approval rates, ranging from 99.92% to 99.95% [2] - Ernst & Young LLP was appointed as the auditors of the Company until the next annual meeting, with the directors authorized to fix their remuneration [2] - The shareholder rights plan proposed in the Management Information Circular was also approved [3] - Questerre is focused on energy technology and innovation, aiming to transition its energy portfolio responsibly while balancing economics, environment, and society [4][5]
Malibu Boats Announces Continued Partnership with General Motors, Naming Chevrolet as The Official Vehicle Brand of Malibu Boats
Globenewswire· 2025-06-19 02:06
Core Insights - Malibu Boats continues its partnership with General Motors, naming Chevrolet as the Official Vehicle Brand, enhancing their collaboration in the boating industry [2][4] - The partnership focuses on the vertical integration of the Monsoon Line of engines, which are exclusively designed for Malibu and Axis Boats [3][4] - This collaboration aims to leverage advanced technology to improve performance, fuel economy, and reliability in boating experiences [3][6] Company Overview - Malibu Boats, Inc. is a leading designer and manufacturer of recreational powerboats, holding a significant market position in various categories including performance sport boats and sterndrive boats [7] - The company is recognized for its innovation in the powerboat industry, catering to a diverse range of recreational boaters and water sports enthusiasts [7] Partnership Details - The partnership will support Malibu's initiatives such as the Malibu Just Ride Tour and WakeFest TN, ensuring the brand remains at the forefront of the boating industry [4] - Chevrolet's vehicles, including the Silverado and Tahoe, are popular among boat owners, reinforcing the synergy between the two brands [4]
Willis launches Zest Insurance, a digital revolution for Australian SMEs
Globenewswire· 2025-06-19 01:00
Core Insights - Zest Insurance is a new digital insurance platform launched by Willis, aimed at small and medium enterprises (SMEs) in Australia, representing a significant advancement in the digital transformation of SME insurance [1][2] - The platform is designed to provide a seamless online experience for SMEs, allowing them to purchase, manage, and renew insurance policies entirely online, addressing the evolving needs of modern business owners [2][3] Company Overview - WTW, the parent company of Willis, operates in 140 countries, providing data-driven solutions in people, risk, and capital, and aims to enhance organizational resilience and performance [6] - The Australian SME market is valued at over AUD 9 billion in gross written premium, indicating a substantial opportunity for digital insurance solutions [3][4] Product Features - Zest Insurance offers a fully digital customer journey, from insurance quotes to binding, renewal, and policy management, all conducted online [7] - The platform provides industry-specific insurance solutions, with dedicated insurers for each industry to ensure tailored coverage [7] - User-friendly design features intuitive forms and interfaces to enhance the customer experience [7] - On-demand insurance broker support is available, providing expert advice to ensure confidence and clarity for users [7] Market Context - The launch of Zest Insurance is timely, as 97% of Australian businesses have 20 or fewer employees, positioning the platform to serve a large and growing segment of the market [3] - The Australian SME insurance market has been slower to adopt digital solutions compared to global counterparts, and Zest Insurance aims to bridge this gap [3][4]
Mustang Energy Corp. Receives Exploration Permit for the Spur Project, Saskatchewan
Globenewswire· 2025-06-19 00:51
Core Insights - Mustang Energy Corp. has received exploration permits from the Saskatchewan Government for the Spur Project, enabling ground-based exploration activities [1][2] - The permits include various authorizations such as Crown Land Work Authorization and Aquatic Habitat Protection Permit, valid until April 30, 2028 [2] - The Spur Project covers 23,680 hectares and is located south of the Athabasca Basin, an area known for high-grade uranium deposits [4] Exploration Activities - The permits allow for activities including trail construction, line-cutting, ground geophysical surveys, and diamond drilling [2] - The company emphasizes ongoing engagement with local communities to address concerns and ensure sustainable project implementation [3] Geological Context - The Spur Project's geological setting includes Proterozoic basement rocks and uraniferous pegmatites, indicating potential for uranium, thorium, and rare earth element exploration [4] - Adjacent properties have reported high-grade surface grab samples, with notable results such as 8.0% U₃O₈ and 1.93% U [4] Company Overview - Mustang Energy Corp. focuses on acquiring and developing uranium and critical mineral assets, holding a total of 92,211 hectares around the Athabasca Basin [7][9] - The company has multiple projects, including the Ford Lake project and the Yellowstone Project, expanding its footprint in the region [7][9]
Mount Logan Capital Inc. Reports Results of Election of Directors
Globenewswire· 2025-06-19 00:20
Company Overview - Mount Logan Capital Inc. is an alternative asset management and insurance solutions company focused on public and private debt securities in the North American market and reinsurance of annuity products through its subsidiaries [3][4] - The company actively sources, evaluates, underwrites, manages, monitors, and invests in loans, debt securities, and other credit-oriented instruments that offer attractive risk-adjusted returns with low risk of principal impairment [3] Shareholder Meeting - At the annual meeting of shareholders held on June 18, 2025, all six nominees listed in the management information circular were elected as directors, with a total of 31,979,130 votes cast, representing 55.78% of the issued and outstanding common shares [1] - The detailed voting results showed that Edward Goldthorpe, Perry Dellelce, and Sabrina Liak received 93.39% of votes in favor, while Rudolph Reinfrank, David Allen, and Buckley Ratchford received 95.95% [2] Auditor Re-appointment - Shareholders approved the re-appointment of Deloitte & Touche LLP as the auditor of Mount Logan Capital Inc. [2] Leadership Statement - CEO and Chairman Ted Goldthorpe expressed appreciation for the strong vote of confidence from shareholders, reaffirming the company's strategic course and commitment to transparent dialogue for disciplined growth [3]
AMC Networks Inc. Announces Pricing of Private Offering of $400 Million of 10.50% Senior Secured Notes due 2032
Globenewswire· 2025-06-19 00:10
Core Viewpoint - AMC Networks Inc. has priced an offering of $400 million in senior secured notes with a 10.50% interest rate due in 2032, which will be guaranteed by its domestic subsidiaries [1][2]. Group 1: Offering Details - The offering consists of $400 million aggregate principal amount of 10.50% senior secured notes due 2032 [1]. - The notes will be unconditionally guaranteed by AMC Networks' existing and future domestic subsidiaries on a senior secured basis [1]. Group 2: Use of Proceeds - The net proceeds from the notes offering will be used to fund a tender offer to purchase up to $450 million of outstanding 4.25% Senior Notes due 2029 [2]. - Additional uses of the proceeds include paying related premiums, fees, and expenses associated with the offering and the tender offer, as well as repurchasing or repaying other corporate indebtedness [2]. Group 3: Regulatory Information - The notes are being offered under an exemption from the Securities Act of 1933 and will not be registered under the Securities Act or any state securities laws [3]. - The initial purchasers will offer the notes only to qualified institutional buyers or outside the U.S. under specific regulations [3].
Reliance Global Group Announces Up To $6.75 Million Private Placement Priced At-The-Market Under Nasdaq Rules
Globenewswire· 2025-06-18 23:00
Group 1 - Reliance Global Group, Inc. has announced a private placement for the issuance and sale of 1,488,096 shares of common stock and short-term warrants to purchase up to 2,976,192 shares at a price of $1.68 per share, with expected gross proceeds of approximately $2.5 million [1][3] - The short-term warrants will be exercisable at an exercise price of $1.43 per share and will expire two years from the effective date of the Resale Registration Statement [1][3] - The company intends to use the net proceeds from the offering for working capital and general corporate purposes [3] Group 2 - H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering [2] - The securities offered in the private placement are not registered under the Securities Act and are only available to accredited investors [4] - The company has agreed to file registration statements with the SEC covering the resale of the shares and shares issuable upon exercise of the warrants [4] Group 3 - Reliance Global Group, Inc. is an InsurTech pioneer utilizing AI and cloud-based technologies to enhance efficiencies in the insurance agency and brokerage industry [6] - The company's platform, RELI Exchange, provides independent insurance agencies with business development tools to compete effectively with larger agencies [6] - Reliance also operates a consumer platform, 5minuteinsure.com, which offers competitive online insurance quotes for auto, home, and life insurance [6]
NuVista Receives TSX Approval for the Renewal of its Normal Course Issuer Bid
Globenewswire· 2025-06-18 22:38
Core Viewpoint - NuVista Energy Ltd. has received approval from the Toronto Stock Exchange for the renewal of its normal course issuer bid (2025 NCIB), allowing the company to repurchase up to 16,398,617 common shares over the next year [1][2]. Group 1: Share Repurchase Details - The 2025 NCIB will be effective from June 23, 2025, until June 22, 2026, or until completed or terminated earlier by NuVista [2]. - The maximum number of shares to be repurchased represents 10% of the public float as of June 12, 2025, with a daily maximum purchase limit of 195,945 shares [4]. - NuVista has established an automatic share purchase plan (ASPP) to facilitate share repurchases during self-imposed blackout periods [5]. Group 2: Financial Commitments and Strategy - NuVista has already met its minimum share repurchase target of $100 million for the year, indicating a commitment to disciplined growth and returning capital to shareholders [3]. - For the remainder of the year, at least 75% of incremental free adjusted funds flow will be allocated to additional share buybacks [3]. - The previous normal course issuer bid (2024 NCIB) allowed for the repurchase of up to 14,234,451 shares, with 11,234,200 shares repurchased at a weighted average price of $12.76 [6]. Group 3: Company Overview - NuVista is engaged in the exploration, development, and production of oil and natural gas reserves in Alberta, focusing on the condensate-rich Montney formation [8]. - The company aims to create significant shareholder value through high-value condensate volumes associated with its natural gas production [8].