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Relativity Acquisition Corp. SPAC and Instinct Bio Technical Co. Announce Effectiveness of Registration Statement
Globenewswire· 2025-11-12 23:13
Core Points - Relativity Acquisition Corp. and Instinct Bio Technical Company Inc. announced the effectiveness of their registration statement for a proposed business combination on November 12, 2025 [1][2] - The combined entity will operate under the name Instinct Bio Technical Company Holdings Inc. and plans to list on NASDAQ with the ticker symbol 'BIOT' [2] Company Overview - Instinct Brothers Co., Ltd. is a vertically integrated Japanese company focused on stem cell skincare and wellness products, founded in 2011, with a focus on stem cell products starting in 2017 [3] - The company is led by Tomoki Nagano, who aims to drive innovation in regenerative medicine and enhance patient outcomes through advanced stem cell science [3] Business Combination Details - The Registration Statement includes a proxy statement/prospectus that provides detailed information about the business combination and the related shareholder vote [2][5] - Relativity Acquisition Corp. is a blank check company formed to effect a merger or similar business combination with one or more businesses [4] Additional Information - The Registration Statement and related documents are available on the SEC's website, and stockholders are encouraged to review these documents for important information regarding the business combination [5]
Presidio Petroleum to Participate in TD Cowen’s 2nd Annual Energy Conference
Globenewswire· 2025-11-10 21:48
Research Analyst-hosted Fireside Chat to be webcasted on November 19th Fort Worth, TX, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Presidio Investment Holdings, LLC (“PIH”), a differentiated oil and gas operator focused on the optimization of mature, producing oil and natural gas assets in the United States, and EQV Ventures Acquisition Corp. (NYSE: FTW) (“EQV”), a special purpose acquisition company sponsored by EQV Group, an experienced acquirer and producer of oil and gas, announced today that members of its leade ...
Nextech3D.ai and Arway Provide Business Combination Update
Accessnewswire· 2025-11-07 21:30
Core Insights - Nextech3D.AI is set to acquire all common shares of Arway Corporation that it does not already own, enhancing its technology stack and operational efficiency [1] Group 1: Transaction Details - The acquisition of Arway is part of a strategy to consolidate Nextech's technology stack with Arway and Map Dynamics, aiming for a more unified company [1] - The transaction is being reviewed by the Ontario Securities Commission as part of a continuous disclosure process [1]
Arcadia Biosciences (RKDA) Announces Third Quarter 2025 Financial Results and Business Highlights
Globenewswire· 2025-11-07 21:05
Core Insights - Arcadia Biosciences reported a 26% year-over-year increase in Zola coconut water revenues for the first nine months of 2025, despite flat revenues in the third quarter due to a comparison with a strong prior year [3][10][11] - The company achieved gross profit margins exceeding 30% for eleven consecutive quarters, with SG&A expenses at an all-time low [3][4] - Arcadia's cash balance slightly declined by $257,000 to $1.1 million, indicating effective cash management [3] Financial Performance - Total revenues for the third quarter of 2025 decreased by $235,000, or 15%, compared to the same period in 2024, primarily due to the absence of GLA oil sales [6][9] - For the first nine months of 2025, total revenues increased by $128,000, or 3%, driven entirely by Zola coconut water sales [6][10] - Operating expenses decreased by 26% in the third quarter and by 2% in the first nine months of 2025 compared to the same periods in 2024 [6][14] Net Income and Loss - Net income attributable to common stockholders for the third quarter of 2025 was $856,000, a significant improvement from a net loss of $1.6 million in the same quarter of 2024 [6][18] - The net loss attributable to common stockholders for the first nine months of 2025 was $1.0 million, improving from a loss of $3.0 million in the same period of 2024 [6][19] Business Developments - Arcadia continues to hold 2.7 million shares of Above Food Ingredients Inc. stock as part of a repayment related to the sale of GoodWheat assets [4][16] - The pending business combination with Roosevelt Resources is ongoing, but the timing remains uncertain due to external factors such as the federal government shutdown [5][20]
EQV Ventures Acquisition Corp. Completes Ticker Symbol Change to "FTW" to Reflect Proposed Business Combination with Presidio
Globenewswire· 2025-11-04 11:47
Fort Worth, TX, Nov. 04, 2025 (GLOBE NEWSWIRE) -- EQV Ventures Acquisition Corp. (NYSE: FTW; FTW U; FTW WS) ("EQV"), a special purpose acquisition company sponsored by EQV Group, today announced that it has changed the ticker symbol of its Class A ordinary shares on the New York Stock Exchange (NYSE) from "EQV" to "FTW." In addition, the ticker symbols for its units and public warrants have changed from "EQV U" to "FTW U" and from "EQV WS" to "FTW WS," respectively. The ticker symbol changes took place at t ...
DFCU Financial Completes Winter Park National Bank Acquisition and Expands Presence Across Central Florida
Globenewswire· 2025-11-03 13:15
Core Insights - DFCU Financial has completed its business combination with Winter Park National Bank, rebranding all locations under the DFCU Financial name [1][2] - This acquisition enhances DFCU Financial's presence in Florida, creating a more robust financial institution for members in both Michigan and Florida [2][3] Company Overview - DFCU Financial is a Michigan-based credit union founded in 1950, with over 240,000 members and assets nearing $8 billion [7] - The organization operates 28 branches in Michigan and has expanded its footprint with locations in Central Florida, including five in the Tampa Bay area [7] Leadership and Integration - David Dotherow, former CEO of Winter Park National Bank, has been appointed as Central Florida Area President for DFCU Financial, focusing on growth and community relationships [5][6] - A full systems integration is expected to be completed by March 2026, allowing all former Winter Park National Bank clients to access DFCU Financial's full range of products and services [3][4] Strategic Goals - The merger aims to leverage Winter Park's local relationships and DFCU's resources to provide more comprehensive and innovative financial solutions [3][6] - DFCU Financial is committed to serving individuals in various counties across Florida, expanding its community impact [4]
CompoSecure Reports Strong 3Q25 Financial Results and Announces Business Combination with Husky Technologies
Globenewswire· 2025-11-03 10:00
Core Insights - CompoSecure, Inc. reported strong third-quarter performance, exceeding expectations across key metrics, driven by customer demand and operational improvements [2][7] - The company announced a business combination with Husky Technologies, valuing the combined entity at approximately $7.4 billion [1][5] Financial Performance - Non-GAAP Net Sales for Q3 2025 increased by 13% to $120.9 million compared to $107.1 million in Q3 2024, attributed to strong domestic demand and new program wins [13] - Non-GAAP Gross Profit rose to $71.3 million with a gross margin of 59.0%, up from $55.4 million and 51.7% in the same quarter last year [13] - Non-GAAP Pro Forma Adjusted EBITDA increased by 30% to $47.7 million compared to $36.6 million in Q3 2024 [20] Business Combination with Husky Technologies - The transaction will combine CompoSecure with Husky for an enterprise value of approximately $5 billion, with a pro forma enterprise value of about $7.4 billion [5][6] - The deal is expected to be funded through a private placement of approximately $2.0 billion and an equity rollover of about $1.0 billion from Platinum Equity [6] - The transaction is anticipated to close in Q1 2026, subject to regulatory approval, and is expected to be 20%+ accretive to adjusted diluted earnings per share in the first full year post-closing [8] Future Outlook - CompoSecure raised its guidance for full-year 2025, expecting total Non-GAAP Net Sales of approximately $463 million and Non-GAAP Pro Forma Adjusted EBITDA of approximately $165-170 million [17] - For fiscal year 2026, the company anticipates Non-GAAP Net Sales of approximately $510 million, reflecting a 10% year-over-year increase, and Non-GAAP Pro Forma Adjusted EBITDA of approximately $190 million, representing a 12-15% increase year-over-year [18] Management Commentary - The President and CEO highlighted the effectiveness of the CompoSecure Operating System in driving organic growth and profitability [2] - The Executive Chairman expressed confidence in the future opportunities for CompoSecure following the implementation of a high-performance culture [2]
Crescent Energy Announces Updates to Revolving Credit Facility: Increased Borrowing Base, Extended Tenor and Early Synergy Capture
Businesswire· 2025-10-22 20:30
Core Insights - Crescent Energy Company has successfully completed its fall borrowing base redetermination, resulting in an increase in its borrowing base and an extension of the credit facility's tenor, reflecting strong support from its bank syndicate and financial discipline [1][3][6] Credit Facility Highlights - The elected commitment amount has been reaffirmed at $2.0 billion - The borrowing base has increased by 50%, from $2.6 billion to $3.9 billion - The maturity of the credit facility has been extended to five years, resulting in no near-term debt maturities and a weighted average maturity of 6.4 years - The pricing grid has been reduced by 25 basis points, from 200–300 basis points to 175–275 basis points [6] Synergy Capture - Crescent Energy has realized approximately $12 million in total synergy capture, which is roughly 13% of the midpoint of its $90–$100 million synergy range associated with the Vital Energy transaction - The early synergies are primarily driven by lower interest expenses, unused commitment fees, and reduced administrative costs [3][6] Company Overview - Crescent Energy is a differentiated U.S. energy company focused on delivering value for shareholders through a disciplined growth strategy and consistent return of capital - The company has a long-life, balanced portfolio that combines stable cash flows from low-decline production with high-quality development inventory, primarily focused in Texas and the Rocky Mountain region [4]
EQV Ventures Acquisition Corp. Announces New Ticker Symbol “FTW” to Reflect Proposed Business Combination with Presidio
Globenewswire· 2025-10-22 20:05
Core Points - EQV Ventures Acquisition Corp. will change its ticker symbol from "EQV" to "FTW" on the NYSE, effective November 3, 2025, as part of its business combination with Presidio Investment Holdings, LLC [1][2][5] - The new entity, Presidio Production Company, will focus on stable, dividend-yielding operations backed by cash flow from mature oil and gas wells, with no reliance on future drilling [2][5] - The transition to the new ticker symbol is intended to minimize disruption for shareholders and reflects confidence in Presidio's operational strategy [3][4] Company Overview - Presidio Petroleum LLC, based in Fort Worth, TX, operates mature oil and gas wells and aims to optimize existing production for sustainable cash flow [7] - EQV Ventures Acquisition Corp. is a blank check company formed to facilitate mergers and acquisitions, with a focus on acquiring producing reserves [7] Business Combination Details - The proposed business combination will result in Presidio Production's common stock and public warrants trading under the new ticker symbols "FTW" and "FTW WS," respectively [5] - Following the merger, EQV's securities will cease trading on the NYSE [5]
Coca-Cola HBC agrees to acquire Coca-Cola Beverages Africa
Yahoo Finance· 2025-10-22 09:04
Core Viewpoint - Coca-Cola HBC has agreed to acquire a 75% stake in Coca-Cola Beverages Africa (CCBA) for US$2.6 billion, valuing CCBA at US$3.4 billion, which will create the world's second-largest Coca-Cola bottling partner by volume and expand Coca-Cola HBC's presence in high-growth African beverage markets [1][2]. Group 1: Transaction Details - The acquisition is expected to be completed by the end of 2026, pending approvals, with Gutsche Family Investments receiving new shares equivalent to 5.47% of the enlarged share capital [2]. - An option agreement allows Coca-Cola HBC to buy or The Coca-Cola Company to sell the remaining 25% of CCBA after the transaction is completed [2]. Group 2: Market Impact - CCBA operates in 14 African markets and accounts for approximately 40% of Coca-Cola system volumes in Africa, with Coca-Cola HBC estimating that the combined entity will represent about two-thirds of Africa's Coca-Cola system volume and cover over half of the continent's population [3]. - On a pro forma basis for 2024, the combined group is projected to produce 4.0 billion unit cases, generating revenues of €14.1 billion and EBIT of €1.4 billion [3]. Group 3: Strategic Rationale - The management emphasizes demographic and macroeconomic factors driving the CCBA acquisition, including rapidly growing populations and a significant under-30 consumer base in CCBA's markets [5]. - The acquisition is seen as a way to enhance diversification, increase exposure to emerging markets, and support per-capita consumption growth [5]. Group 4: Operational Integration - Coca-Cola HBC plans to implement its operating model, route-to-market capabilities, and sustainability initiatives alongside CCBA's portfolio of over 40 global and local brands [6]. - This acquisition is viewed as a natural extension of Coca-Cola HBC's established presence in Nigeria and its recent entry into Egypt, facilitating the sharing of best practices across African markets [6]. Group 5: Financial Considerations - Coca-Cola HBC anticipates low single-digit earnings per share accretion in the first full year post-completion, with leverage expected to be at the upper end of the medium-term target range of 1.5x–2.0x net debt to EBITDA [7]. - The existing share buyback program has been canceled to prioritize this transaction [7].