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Magnitude International Ltd Announces Closing of Initial Public Offering
Globenewswire· 2025-08-14 02:55
Company Overview - Magnitude International Ltd is an electrical installation service provider based in Singapore, founded in 2012, with over 12 years of experience in the industry [5] - The company specializes in the installation of generators, transformers, and solar panel systems, and acts as the main electrical contractor in various construction projects [5] - Magnitude aims to become a leading integrated one-stop electrical installation services provider in Singapore, focusing on safety, functionality, and energy efficiency of buildings [5] Initial Public Offering (IPO) Details - The company closed its initial public offering of 2,200,000 ordinary shares at a public offering price of US$4.00 per share, resulting in total gross proceeds of US$8.8 million [1] - Of the total shares offered, 1,650,000 were sold by the company and 550,000 by a selling shareholder, XJL International Ltd [1] - The shares began trading on the Nasdaq Capital Market under the ticker symbol "MAGH" on August 12, 2025 [2] Underwriting and Legal Counsel - The offering was conducted on a firm commitment basis, with Bancroft Capital, LLC serving as the sole underwriter [2] - Legal counsel for the company was provided by Concord & Sage PC, while Taft Stettinius & Hollister LLP acted as legal counsel for the underwriter [2]
Madison Pacific Properties Inc. announces the results for the six months ended June 30, 2025, appointment of President and CEO, appointment of director and declares dividend
Globenewswire· 2025-08-14 00:05
Core Viewpoint - Madison Pacific Properties Inc. reported strong financial results for the first half of 2025, showing significant growth in net income and operational performance compared to the previous year [3]. Financial Performance - The company reported a net income of $22.4 million for the six months ended June 30, 2025, compared to $13.6 million for the same period in 2024, reflecting a year-over-year increase of 64.7% [3]. - Cash flows from operating activities before changes in non-cash operating balances were $6.0 million, slightly down from $6.3 million in the previous year [3]. - Earnings per share increased to $0.30 from $0.23 year-over-year [3]. - The net gain on fair value adjustments for investment properties was approximately $21.9 million, up from $9.7 million in the prior year [3]. Investment Properties - As of June 30, 2025, the company owns approximately $741 million in investment properties, an increase from $724 million as of December 31, 2024 [4]. - The investment portfolio consists of 54 properties with around 2.0 million rentable square feet of industrial and commercial space, and a 50% interest in eight multi-family rental properties totaling 239 units [5]. - The occupancy rates are high, with 97.95% of industrial and commercial space leased and 99.16% of multi-family residential properties leased [5]. Leadership Changes - Dino Di Marco will be appointed as President & CEO effective September 1, 2025, bringing extensive experience from his previous role as Chief Financial Officer [7]. - John DeLucchi will continue as Chairman of the Board, and Robert Pringle has been appointed as a new director, contributing his extensive background in banking and leadership [9]. Dividend Announcement - The company announced a dividend of $0.0525 per share on Class B voting common shares and Class C non-voting shares, payable on September 3, 2025, to shareholders of record on August 25, 2025 [10].
Nuclear Fuels Shareholders Approve Arrangement with Premier American Uranium
Globenewswire· 2025-08-13 23:16
VANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Nuclear Fuels Inc. (“Nuclear Fuels” or the “Company”) (CSE: NF, OTCQX: NFUNF) and Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) (TSXV: PUR, OTCQB: PAUIF) are pleased to announce the voting results of the special meeting of shareholders of Nuclear Fuels (“Nuclear Fuels Shareholders”) held today. The previously announced statutory plan of arrangement (the “Plan of Arrangement”) involving Nuclear Fuels and Premier American Ura ...
Real Estate Split Corp. Announces Intention to Extend Term
Globenewswire· 2025-08-13 23:01
Core Viewpoint - Real Estate Split Corp. plans to extend its maturity date by an additional 5 years to December 31, 2030, allowing shareholders to continue benefiting from a diversified portfolio of North American real estate securities [1][2]. Group 1: Term Extension - The board of directors intends to approve the extension of the maturity date, which will be announced at least 60 days prior to the original maturity date of December 31, 2025 [1]. - The extension allows Class A shareholders to maintain exposure to a high-conviction, actively managed portfolio of leading North American real estate companies [2]. - The term extension is not a taxable event, enabling shareholders to defer potential capital gains tax liability until the shares are disposed of [3]. Group 2: Shareholder Returns - Since inception on November 19, 2020, Class A shares have delivered a total return of 5.4% per annum, including cash distributions of $6.94 per share [4]. - Preferred shareholders will benefit from preferential cash dividends until December 31, 2030, with Preferred shares delivering a total return of 5.3% per annum since inception [5]. Group 3: Company Background - Middlefield, founded in 1979, is a specialist equity income asset manager with a focus on high-quality global companies across various sectors [6].
LEEF Brands Announces Upsize of Offering and Filing of Amended Offering Document
Globenewswire· 2025-08-13 23:00
VANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) -- LEEF Brands, Inc. (CSE: LEEF, OTC: LEEEF) ("LEEF" or the "Company"), a premier California and New York cannabis operator, is pleased to announce that it has filed an amended offering document related to its previously announced private placement offering (the "Offering") of units of the Company (each, a "Unit"), which now covers 8,363,560 Units at a price of C$0.25 per Unit, for gross proceeds of up to C$2,090,890, a further increase over the pr ...
Flow Capital Announces Q2 2025 Financial Results
Globenewswire· 2025-08-13 22:35
Loan Interest Revenue up 54% and Recurring Free Cash Flow up 212% year over year TORONTO, ON, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV:FW), a leading provider of flexible growth capital and alternative debt solutions, announces its unaudited financial and operating results for the three- and six-month periods ended June 30, 2025. Performance Highlights Three Months Ended June 30, 2025, Compared to Three Months Ended June 30, 2024: 54% increase in Loan Interest Revenue to $3.2 million from ...
McKinley Acquisition Corp Announces Closing of $150 Million Initial Public Offering
Globenewswire· 2025-08-13 22:20
NEEDHAM, Mass, Aug. 13, 2025 (GLOBE NEWSWIRE) -- McKinley Acquisition Corporation (Nasdaq: MKLYU) (the “Company”) announced today that it closed its initial public offering of 15,000,000 units. The offering was priced at $10.00 per unit resulting in gross proceeds of $150,000,000. The units are listed on The Nasdaq Global Market under the symbol “MKLYU”. Each unit consists of one Class A ordinary share and one right. Each right entitles the holder to receive one-tenth (1/10) of one Class A ordinary share up ...
Enovix Shareholder Third Reminder: Early Warrant Expiration Price Condition
Globenewswire· 2025-08-13 21:49
Core Points - Enovix Corporation's common stock has traded above $10.50 for 17 consecutive trading days since the distribution of warrants, with the current closing price at $10.98 per share and the warrants being $2.23 in-the-money based on an exercise price of $8.75 [1][3] - The warrants could expire early if the stock trades at or above $10.50 for 20 out of 30 trading days, with the earliest expiration date being August 19, 2025 [2] - Approximately 7.8 million warrants have been exercised, generating about $68.5 million in gross proceeds for the company [3] Warrant Exercise Process - The company plans to implement a process for warrant holders to cash exercise their warrants using a Notice of Guaranteed Delivery, requiring submission and payment before the expiration date [4] - Warrant holders are encouraged to act promptly as processing procedures may vary by broker [4] Company Overview - Enovix is a leader in advanced lithium-ion battery technology, focusing on silicon-anode batteries designed for various applications, including wearable electronics and electric vehicles [7] - The company is headquartered in Silicon Valley and has facilities in India, South Korea, and Malaysia [8]
Optiva Inc. Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-13 21:45
Core Insights - Optiva Inc. reported its second quarter financial results for the period ending June 30, 2025, highlighting continued growth in bookings and customer acquisition [2][3]. Financial Performance - Revenue for Q2 2025 was $10.3 million, a decrease from $11.4 million in Q2 2024 [11][14]. - Total Contract Value (TCV) bookings for Q2 2025 reached $26.6 million, with a trailing twelve months TCV of $64.3 million [8][9]. - The gross margin for Q2 2025 was 49%, down from 56% in the same period last year, primarily due to lower high-margin support and subscription revenue [14]. - The adjusted EBITDA loss for Q2 2025 was $1.6 million, slightly improved from a loss of $1.7 million in Q2 2024 [11][14]. - The net loss for Q2 2025 was $4.4 million, compared to a net loss of $5.6 million in Q2 2024 [11][14]. Customer Acquisition and Strategic Developments - Optiva secured two new customers in Q2 2025, including a Tier 1 European mobile virtual network operator (MVNO) and a Tier 1 European telecom, bringing the total new customers to 13 over the past two years [3][9]. - A key existing customer, Digitel, renewed its BSS platform support agreement for an additional three years [9]. - Optiva was recognized as a finalist for the Most Innovative Telco AI/ML Product or Solution for the Leading Lights 2025 Awards [10]. Cash Position and Operational Updates - The company ended Q2 2025 with approximately $12.9 million in cash, sufficient to meet working capital commitments for the foreseeable future [5][14]. - Optiva has entered into a 45-day support agreement with 85% of noteholders to negotiate a strategic transaction, with expectations of reaching a binding agreement before the end of the forbearance period [4][19].
Binah Capital Group Reports Second Quarter 2025 Results
Globenewswire· 2025-08-13 21:40
Core Insights - Binah Capital Group reported a 2% year-over-year increase in total revenue, reaching $42 million for the quarter ended June 30, 2025 [1][8] - The company's assets under management (AuM) grew by 11% year-over-year to $28 billion [1][8] - Binah experienced a net loss of $0.7 million, which is comparable to the prior year [1][8] - EBITDA increased to $1.0 million from $0.6 million in the prior year [1][8] Financial Performance - Total revenue for the second quarter increased by 2% year-over-year to $42 million [1][8] - Gross profit rose by 21% to $8.8 million, compared to $7.3 million in the prior-year period [8] - Total operating expenses remained consistent at $42 million compared to the prior-year period [8] - The company had cash and cash equivalents of $8.2 million and long-term debt of $18.6 million as of June 30, 2025 [5] Management Commentary - The CEO of Binah Capital expressed satisfaction with the company's performance, highlighting the advisor-centric platform and disciplined execution of strategy [2] - The management believes that their differentiated business model positions them well to capture future growth opportunities and create long-term shareholder value [2] Company Overview - Binah Capital Group operates a network of firms that empower independent financial advisors, specializing in brokerage, advisory, and insurance solutions [7] - The company aims to provide innovative solutions and resources to support advisors in navigating the complex financial landscape [7]