Core Viewpoint - 180 Degree Capital Corp. is optimistic about its proposed Business Combination with Mount Logan Capital Inc., believing it will create significant shareholder value and enhance its net asset value (NAV) [1][4][13]. Financial Performance - As of Q1 2025, 180 Degree Capital reported a net asset value per share of $4.42, reflecting a decrease of 4.7% from the previous quarter [1][14]. - Mount Logan's financial statements were converted from IFRS to US GAAP, resulting in an increase in reported fee-related earnings for 2024 to approximately $9.1 million and an increase in shareholder equity value to approximately $104.1 million as of December 31, 2024 [2][3]. Business Combination Details - The proposed Business Combination is expected to yield a combined entity with an estimated shareholder equity value of nearly $140 million, with 180 Degree Capital shareholders potentially receiving a portion greater than their NAV at the time of the transaction [4][6]. - The support from significant shareholders, who account for approximately 27% of outstanding shares, indicates strong backing for the Business Combination [12][13]. Investment Strategy and Market Position - Mount Logan has approximately $2.4 billion in assets under management, which is expected to generate predictable fee revenue and provide operational leverage through its association with BC Partners [9][10]. - The focus on the fast-growing private credit market positions Mount Logan as an undervalued opportunity, particularly as it is listed on the Cboe Canada exchange rather than a US national exchange [9][10]. Historical Performance - Since the management takeover in 2016, 180 Degree Capital has generated a gross total return of 198.7% and a net total return of -37.0% as of Q1 2025 [11][14]. - The public portfolio's gross total return for Q1 2025 was 4.5%, outperforming the Russell Microcap Index, which had a total return of -14.4% [11][14].

Core Viewpoint - K Wave Media Ltd. is set to begin trading on Nasdaq on May 14, 2025, under the ticker "KWM" following its business combination with Global Star Acquisition Inc. [1] Group 1: Business Combination Details - The business combination was approved by Global Star's stockholders on February 3, 2025 [2] - K Wave Media Ltd. will be led by Tan Chin Hwee, who is the Executive Chairman and Interim CEO of K Enter, until a successor is appointed [3] Group 2: Company Background - K Enter Holdings Inc. is a Delaware corporation that has contracts to acquire controlling equity interests in six diversified entertainment operating companies based in Korea, which are involved in entertainment content, IP creation, merchandising, and investment [5] - The six companies include Play Company Co., Ltd., Solaire Partners Ltd., Studio Anseilen Co., Ltd., The LAMP Co., Ltd., Bidangil Pictures Co., Ltd., and Apeitda Co., Ltd., each specializing in various aspects of K-content production [5] Group 3: Strategic Goals - K Enter aims to enhance its visibility in the U.S. market to attract a core retail and institutional shareholder base while focusing on growth initiatives across the value chain of Korean entertainment and media [3]

Company Overview - Integrated Rail & Resources Acquisition Corp. (IRRX) has entered into a 7-year supply and offtake agreement with Shell Trading (US) Company (Shell) for crude oil feedstock supply and refined product purchases [1][2] - The facility to be acquired by IRRX will initially process 15,000 barrels of crude oil per day, with potential expansion to 50,000 barrels per day [2] Operational Details - The facility will produce LPG, Naphtha, Diesel, and Gas Oil, with operations expected to commence by December 31, 2026, following necessary refurbishment [2] - Shell Trading (US) Company will have the option to utilize the additional processing capacity once the facility is expanded [2] Strategic Importance - The agreement is seen as a significant step for IRRX in refining and marketing high-demand products, supporting the Uinta Basin's development [3] - The CEO of IRRX expressed confidence in the agreement, highlighting the benefits for all parties involved and the capabilities of the team to refurbish and restart the refinery [3] Background Information - Tar Sands Holding II, LLC (TSHII), established by Endeavor Capital Group, controls key real estate and natural resource development rights in the Uinta Basin, including permits for processing and refining [4] - IRRX is a blank check company focused on mergers and acquisitions in natural resources, railroads, and related logistics [5]

Core Points - Integrated Rail & Resources Acquisition Corp (IRRX) has entered into a 7-year supply and offtake agreement with Shell Trading (US) Company for crude oil feedstock and refined products [1][2] - The facility to be acquired by IRRX will initially process 15,000 barrels of crude oil per day, with potential expansion to 50,000 barrels per day [2] - Operations are expected to commence by December 31, 2026, following the acquisition and refurbishment of the facility [2] Company Overview - IRRX is a blank check company focused on mergers, acquisitions, and business combinations, particularly in natural resources and railroad logistics [5] - Tar Sands Holding II, LLC (TSHII), established by Endeavor Capital Group, controls key real estate and natural resource development rights in the Uinta Basin, Utah [4] Strategic Importance - The agreement with Shell is seen as a significant step for IRRX to enhance its refining capabilities and support the Uinta Basin's development [3] - The partnership aims to create value through the production of high-demand refined products such as LPG, Naphtha, Diesel, and Gas Oil [2][3]

Group 1 - Quartzsea Acquisition Corp announced that holders of the 8,280,000 units sold in the initial public offering may elect to separately trade the ordinary shares and rights included in the units starting on or about May 12, 2025 [1] - The separated ordinary shares and rights are expected to trade on the Nasdaq under the symbols "QSEA" and "QSEAR," respectively, while any units not separated will continue to trade under the symbol "QSEAU" [1] - Holders of units must contact Continental Stock Transfer & Trust Co. to separate the units into ordinary shares and rights [1] Group 2 - Quartzsea Acquisition Corporation is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [3] - The company's efforts to identify a prospective target business are not limited to a particular industry or geographic region [3]

Group 1 - Globalink Investment Inc. has extended the deadline to complete its initial business combination from May 9, 2025, to June 9, 2025, by depositing $60,000 into its trust account [1] - This extension marks the twenty-third extension since the company's initial public offering on December 9, 2021, and the sixth of up to six extensions permitted under its governing documents [1] Group 2 - Globalink is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [2] - The company intends to pursue targets in North America, Europe, Southeast Asia, and Asia (excluding China, Hong Kong, and Macau) within the medical technology and green energy industries [2]

Financial Data and Key Metrics Changes - In Q1 2025, total revenues were approximately $1,200,000, representing a 22% increase compared to the same period last year [16] - Zola revenues increased 90% year over year, driven by new distribution gains [4][17] - The cost of revenues in Q1 was approximately $680,000, a 45% increase compared to the same period last year, with a gross margin rate of 43% [17] - Selling, general and administrative costs were $1,700,000, down from $2,100,000 in Q1 2024 [19] Business Line Data and Key Metrics Changes - Zola coconut water sales increased 90% year over year, with a 70% increase in new distribution [4][5] - Sell-through data for Zola increased 76% during the thirteen weeks ended March 29, 2025, compared to a 24% growth in the coconut water category [6] - The company has successfully launched new flavors, with pineapple sales exceeding last year's total in the first four months of 2025 [7] Market Data and Key Metrics Changes - Coconut water continues to outpace the growth of many beverage categories, driven by consumer preferences for healthier options [6] - The company has replenished inventory ahead of the beverage season, mitigating potential impacts from recently announced tariffs [9] Company Strategy and Development Direction - The company is focused on expanding Zola's market presence and monetizing its intellectual property [5][10] - Arcadia is exiting its legacy ag tech business and has made significant progress in this area, including the return of certain patents [10][12] - The pending business combination with Roosevelt Resources is on track to be completed by the end of summer 2025 [13][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the continued momentum from 2024 into 2025, with strong sales growth and a healthy pipeline of opportunities [35] - The company anticipates that the impact of tariffs will be minimal due to identified cost-saving opportunities [9] - Management highlighted the importance of maintaining gross margins above 30% for nine consecutive quarters [35] Other Important Information - The company ended Q1 with $3,200,000 in cash, down from $4,200,000 at the start of the year, reflecting ongoing M&A expenses [20] - The company expects to receive approximately $2,500,000 in cash as the first repayment of principal and interest from a note receivable [21] Q&A Session Summary Question: Can you quantify any successes in expanding the Zola distribution pipeline? - Management indicated that the pipeline is about half of the current distribution, which is approximately 3,500 stores [27] Question: Will the momentum in new accounts impact 2025 financials or be more of a 2026 event? - Management expects that most awards will have an impact on 2025 [28] Question: Is there any commercial value in the remaining patent from the legacy ag biotech business? - Management noted that while there is potential commercial value, it is licensed to a third party who is two years away from commercialization [30] Question: Confirmation on the $2,500,000 initial payment for the note receivable? - Management confirmed that the payment is scheduled for receipt in Q2 [31]

Equinox Gold Reports First Quarter 2025 Financial and Operating ResultsAll financial figures are in US dollars, unless otherwise indicated.May 07, 2025 9:32 PM EDT | Source: Equinox Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is pleased to announce its first quarter 2025 summary financial and operating results. The Company's unaudited condensed consolidated interim financial stateme ...

Core Points - WinVest Acquisition Corp. has postponed its special meeting of stockholders from May 15, 2025, to May 30, 2025, with no changes to the location, record date, purpose, or proposals [1] - Stockholders will vote on proposals related to the proposed initial business combination involving WinVest Acquisition Corp., WinVest (BVI) Ltd., Xtribe P.L.C., and Xtribe (BVI) Ltd. [2] - The deadline for stockholders to submit shares for redemption in connection with the business combination has been extended to May 28, 2025 [3] - A sufficient number of stockholders have voted to approve the proposed business combination, but not all closing conditions have been satisfied [4] - WinVest Acquisition Corp. is a blank check company formed for the purpose of effecting a merger or similar business combination [5] Additional Information - The company has filed a registration statement with the SEC, which includes a proxy statement/prospectus related to the business combination [6] - Stockholders can obtain free copies of the registration statement and other relevant documents through the SEC's website [7]

Core Viewpoint - 180 Degree Capital Corp. is progressing with its proposed all-stock merger with Mount Logan Capital Inc., which is expected to create a new entity listed on Nasdaq under the symbol "MLCI" [1][2] Group 1: Business Combination Details - An amended preliminary joint proxy statement/prospectus has been filed with the SEC regarding the merger, which will result in 180 Degree Capital shareholders receiving ownership in the new entity based on net asset value [1] - The valuation of Mount Logan at the time of signing the merger agreement was approximately $67.4 million, subject to pre-closing adjustments [1] - The pro forma combination of both companies is estimated to yield a combined shareholder equity value of nearly $140 million, with 180 Degree Capital shareholders potentially receiving more than their net asset value as of December 31, 2024, if the transaction closed on that date [2] Group 2: Financial Metrics and Improvements - The conversion of Mount Logan's financial statements from IFRS to US GAAP has resulted in improved historical financial metrics, including an increase in reported fee-related earnings for 2024 to approximately $9.1 million and an increase in shareholder equity value to approximately $104.1 million as of December 31, 2024 [2] - The availability of US GAAP financial statements is expected to enhance communication with current and potential investors regarding Mount Logan's historical performance and comparisons with peers [2] Group 3: Shareholder Support and Future Outlook - Initial conversations with shareholders have indicated strong support for the proposed merger, with many investors expressing confidence in the potential value creation from the Business Combination [2] - The management believes that transitioning to an operating company will position 180 Degree Capital's net asset value as a price floor rather than a ceiling, which is typical for closed-end funds [2]