⏰ 1 DAY LEFT! ⏰Our next Katana Liquidity Management AMA is happening tomorrow with the brilliant folks at @TheDeep_xyz🌊📅 Aug 27, 2025 (Wed)🕐 1:00pm ET🎙️ Set your remindershttps://t.co/fAOeYI8hmNDon’t miss it ⚔️🍣Sushi.com (@SushiSwap):🚨AMA Alert🚨We are pleased to announce that our next AMA in the ongoing Katana Liquidity Management series will be taking place next Wednesday with the smart folks from @TheDeep_xyz !🗓️: August 27, 2025 (Wednesday)🕓: 1:00pm ET📍: https://t.co/fAOeYI7Jxf https://t.co/mZDJfKH7Uu ...

August 21, 2025 06:39 AM GMT China – Sentiment Tracker | Asia Pacific Growth Cool, Policy Drip, Market Buoyant Growth is cooling in August, but market sentiment remains buoyant on ample liquidity and a steady drip of "right-direction" policy. We see no obvious trigger for immediate stock market curbs, given still reasonable leverage. We watch for telltale shifts in flows, leverage, and narrative transition. Growth Check: Sliding toward ~4.5%Y in 3Q: August export growth will likely moderate to 5-6%Y (7.2%Y ...

⏰ 1 hour to go!We’re going live with @CharmFinance for Part 3 of our Liquidity Management on Katana AMA series ⚔️Tune in for insights on LP strategies, liquidity management, and what it means for you on @katana.🕛 12:00pm ET📍 https://t.co/C2U2cXLLsOSushi.com (@SushiSwap):🚨AMA Annoucement🚨The 3rd part of our ongoing AMA series, Liquidity Management on Katana, is scheduled for next Tuesday with @CharmFinance! Join us as we chat about liquidity management and LP strategies on @katana and what it means for you🗓️ ...

🚨AMA Annoucement🚨The 3rd part of our ongoing AMA series, Liquidity Management on Katana, is scheduled for next Tuesday with @CharmFinance! Join us as we chat about liquidity management and LP strategies on @katana and what it means for you🗓️Date: August 12, 2025 (Tuesday)🕓Time: 12:00pm ET📍RSVP: https://t.co/wwwAOhRCcz ...

RT A₿del ∞/21M (@dimahledba)@bajpaiharsh244 @fireismyflag @k1elsalvador Yes.Mostly 2 aspects:- easier liquidity management and no channel to handle on lightning- this liquidity is not idle and can be used to generate yield on Starknet ...

Core Points - Bureau Veritas has implemented a new liquidity contract with Rothschild Martin Maurel as of January 7, 2025, following the termination of the previous contract with BNP Paribas Exane on December 31, 2024 [2][4]. Group 1: Liquidity Contract Details - The liquidity account as of June 30, 2025, included various assets, with a total of 15,000 Bureau Veritas shares and 10,510,215 euros in cash [4]. - From January 7, 2025, to June 30, 2025, a total of 3,880,181 shares were purchased through 6,726 transactions, amounting to 111,320,894 euros, while 4,001,491 shares were sold through 13,631 transactions for a total of 114,949,282 euros [4]. - The previous liquidity contract with BNP Paribas Exane was terminated to rotate the investment services provider responsible for maintaining the liquidity of Bureau Veritas shares [4].

Core Insights - Amcon Distributing reported diluted EPS of $2.13 and revenue of $739.6 million for Q3 fiscal 2025, with no analyst estimates available for comparison [1][2] - Operating profit margins tightened due to inflation in operating costs, leading to weaker profitability despite steady sales compared to Q3 fiscal 2024 [1][6] Financial Performance - EPS decreased by 13.4% from $2.46 in Q3 2024 to $2.13 in Q3 2025 [2] - Revenue increased by 3.0% from $717.9 million in Q3 2024 to $739.6 million in Q3 2025 [2] - Operating income fell by 13.5% from $5.6 million in Q3 2024 to $4.9 million in Q3 2025 [2] - Net income decreased by 11.5% from $1.5 million in Q3 2024 to $1.3 million in Q3 2025 [2] - Gross profit rose by 3.4% from $48.0 million in Q3 2024 to $49.6 million in Q3 2025 [2] Business Overview - Amcon Distributing specializes in wholesale distribution for the convenience retail sector, serving approximately 7,900 retail outlets [3] - The company operates two segments: wholesale distribution, which is the primary revenue driver, and retail health food stores [3][4] Segment Performance - The wholesale segment generated $728.3 million in revenue, accounting for over 98% of total sales, with an operating income of $7.3 million [5] - The retail health food segment reported $11.3 million in sales and a minimal operating income of $0.1 million [5] Cost and Expenses - SG&A expenses increased by 6.5% to $42.5 million compared to Q3 fiscal 2024, outpacing revenue growth [6] - Interest expense was $2.7 million, slightly lower than $2.9 million in Q3 fiscal 2024 [6] - Operating margin was approximately 0.7% [6] Strategic Focus - The company is focusing on expanding foodservice programs, integrating new acquisitions, and investing in technology to enhance marketing and customer retention [4][7] - Management highlighted the importance of proprietary marketing programs, although these have not yet translated into improved margins [7] Cash Flow and Financial Position - Year-to-date cash flow from operations was -$12.5 million, driven by increased accounts receivable and inventory buildup [8] - Shareholders' equity increased to $113.2 million, while cash on hand was $0.83 million and total debt rose to $154.6 million [8] Future Outlook - The company did not provide specific financial guidance but intends to pursue further acquisitions and maximize liquidity [9][10] - Key risks include reliance on cigarette sales and thin operating margins, with a focus on cash management due to inventory and accounts receivable buildup [10]

Core Viewpoint - Compass Diversified (CODI) is taking significant measures to enhance liquidity and reduce costs following irregularities found in its subsidiary, Lugano Holding Inc, leading to a 10.2% drop in CODI shares after the announcement [1]. Group 1: Steps Taken by CODI - CODI has entered a forbearance agreement with its lenders to maintain liquidity and ensure uninterrupted operations [2]. - The company has reduced management fees to demonstrate cost discipline and has temporarily suspended quarterly cash distributions to common shareholders to preserve cash [3]. - CODI has restricted further investments in Lugano and is focusing on its eight other subsidiaries, which are believed to be well-positioned for growth [3]. Group 2: Regulatory Filings and Compliance - Following the delayed filing of its first-quarter 2025 Form 10-Q, CODI received a notice from the New York Stock Exchange (NYSE) and has six months from May 19, 2025, to regain compliance [4]. - An extension of up to six additional months may be granted at the NYSE's discretion, but the NYSE can initiate delisting proceedings at any time during this period [5]. - CODI is working to finalize the internal review at Lugano and complete any necessary restatements for 2024 [5]. Group 3: Management's Confidence and Strategy - CODI's management is confident in addressing the challenges at Lugano while maintaining the performance of its other businesses [6]. - The company is focused on reducing leverage and ensuring compliance with debt covenants [6]. - CEO Elias Sabo emphasized the importance of liquidity enhancement, cost reduction, and value preservation for stakeholders, highlighting the support from lenders [7]. - Sabo also noted that CODI's diversified business model allows for isolation of challenges at Lugano while supporting growth in other subsidiaries [8]. Group 4: Price Performance - Over the past six months, CODI's shares have decreased by 67.4%, contrasting with a 2.8% decline in the industry [9].

Group 1 - Kering has issued a single-tranche bond amounting to EUR 750 million with a maturity of 4.5 years and a coupon rate of 3.125% [1] - The bond issue is part of Kering's active liquidity management strategy, aimed at enhancing financial flexibility [1] - The successful bond issue reflects strong market confidence in Kering's credit quality, supported by a long-term rating of 'BBB+' from Standard & Poor's [1] Group 2 - Kering is a global luxury group that includes renowned brands such as Gucci, Saint Laurent, and Bottega Veneta, focusing on ready-to-wear, leather goods, jewelry, and beauty products [2] - In 2024, Kering employed 47,000 people and generated revenue of EUR 17.2 billion, highlighting its significant market presence [2]

Financial Data and Key Metrics Changes - Consolidated net revenue was approximately $92.2 million, down 11.7% year over year [10] - Adjusted EBITDA was approximately $12.9 million, down 42.2% [15] - Net loss was approximately $11.7 million or $0.26 per share, compared to net income of $7.5 million or $0.15 per share for the same quarter last year [17] Business Line Data and Key Metrics Changes - Radio Broadcasting segment net revenue was $32.6 million, a decrease of 10.3% year over year [10] - Media segment net revenue was $5.9 million, down 30.9% from the prior year, with an adjusted EBITDA loss of $600,000 [12] - Cable Television segment revenue was $44.2 million, a decrease of 7.9%, with advertising revenue down 6.3% [13] Market Data and Key Metrics Changes - Local ad sales were down 12.8% against markets that were down 13.2% [10] - National ad sales were down 14.6% against markets being down 11.6% [10] - Cable subscribers for TV One decreased to 35.6 million from 37.2 million at the end of Q4 [13] Company Strategy and Development Direction - The company is focused on cost controls, managing leverage, and maintaining a strong liquidity position [6][8] - Plans to invest in new distribution opportunities in the FAST and AVOD environment rather than just increasing content spending [81] - The company aims to improve local digital efforts, which currently contribute low single digits to revenue compared to competitors [58] Management's Comments on Operating Environment and Future Outlook - Management indicated that radio pacing has weakened, down about 9% [5] - The expectation is that the majority of EBITDA will come in the second half of 2025, with Q2 expected to be similarly weak as Q1 [28][31] - Management does not foresee a positive rebound in advertising this year due to ongoing uncertainties [45] Other Important Information - The company repurchased $28.2 million of its 2028 notes at an average price of 58% of par [16] - Total gross debt was approximately $556.3 million, with unrestricted cash of $115.1 million, resulting in a net debt of approximately $441.3 million [18] Q&A Session Summary Question: What other levers can be pulled to control costs? - Management mentioned ongoing cost-cutting measures and plans to identify further opportunities by mid-year [23][24] Question: Is the majority of EBITDA expected in the second half of 2025? - Yes, more than half is expected to come in the second half of the year [28][29] Question: Should further debt repurchases be expected? - Management indicated a deliberate and opportunistic approach to debt repurchases, suggesting that they will continue as conditions allow [32][34] Question: How is the local SMB advertising environment compared to national? - Local advertising is down low single digits, which is better than national advertising, which is experiencing more significant declines [51][53] Question: Can you break out cable TV revenue between carriage fees and advertising? - Management confirmed that this information is available in the press release [65] Question: What is the renewal schedule with large cable and MVPDs? - Charter, Verizon, and NCTC contracts are up this year, with Comcast and AT&T renewals next year [68][70] Question: How are TV One ratings performing? - Ratings have stabilized and are exceeding budgeted numbers year to date [73] Question: Is programming spend steady or growing? - Programming spend is down about 10%, with no major plans to increase it significantly [75][79]