On the initiative of UAB “AWG investment 1” (hereinafter – the „Issuer“), a company controlled by AUGA group, RAB, legal entity code 126264360 (hereinafter – the „Company“), and by the decision of the bondholders’ trustee UAB “AUDIFINA”, legal entity code 125921757 (hereinafter – the „Trustee“), a meeting of the holders of the Issuer’s bonds (issue ISIN code LT0000409104) (hereinafter – the „Bonds“) was held on 15 January 2026 (hereinafter – the „Meeting“). The Bondholders participating in the Meeting have ...

Core Viewpoint - Groupe Colabor Inc. and its subsidiaries are seeking initial court protection under the Companies' Creditors Arrangement Act (CCAA) to restructure and facilitate a formal sale and investment solicitation process [1][2]. Group 1: Court Proceedings and Financial Restructuring - The company is requesting an initial order to approve a formal sale and investment solicitation process to allow interested parties to submit proposals for the best possible transaction [2]. - The request also aims to suspend creditor claims and certain contractual rights, and to approve temporary debtor-in-possession financing from major banks to support the restructuring process [2]. - Raymond Chabot Inc. is proposed to be appointed as the monitor to oversee the CCAA proceedings and report to the court, while the company's management will remain responsible for day-to-day operations under the monitor's supervision [2]. Group 2: Financial Obligations and Stock Trading - This announcement follows a previous disclosure on December 15, 2025, indicating that the company failed to meet its obligation to provide non-binding letters of intent for refinancing its credit facilities and raising a minimum of $15 million [3]. - Trading of the company's common shares on the Toronto Stock Exchange (TSX) has been halted, and the TSX is reviewing the potential delisting of its securities under an accelerated review process [4]. Group 3: Company Overview - Colabor is a distributor and wholesaler of food products serving the hospitality, restaurant, and institutional markets in Quebec and Atlantic provinces, offering a range of specialized food products including meats, fish, and seafood [5].

Group 1: Leadership Change - Gediminas Kudarauskas has been appointed as the new Chief Financial Officer of Utenos Trikotazas, succeeding Tadas Baužys [1] - Tadas Baužys stepped down for personal reasons at the end of 2025 [3] Group 2: Financial Performance - Utenos Trikotazas achieved a revenue increase of 30.7 percent, reaching EUR 15.9 million during the first nine months of 2025 [4] - Exports constituted 80.7 percent of total sales for the company [4] - The company's EBITDA for the same period was EUR 0.7 million [4] Group 3: Strategic Focus - The company is entering a new stage focused on the further development of its core activities following a successful 2025 [1] - The role of the Chief Financial Officer is deemed particularly important for ensuring further growth and sustainable development [3]

Core Viewpoint - UPS has seen a significant decline in its stock price, down over 50% from its peak, leading to a high dividend yield of 6.5%. The company faces challenges such as high labor costs, tariffs, and a strategic shift away from reliance on Amazon [1][2]. Group 1: Strategic Decisions - UPS has decided to cut the volumes it ships for Amazon by over 50% by the end of next year, despite Amazon contributing 20% to 25% of its volume, as these shipments have low profit margins [4]. - The company is undergoing a major restructuring to cut $3.5 billion in costs by the end of this year, which includes reducing headcount and closing locations. Additionally, UPS is investing in more profitable business lines, such as healthcare logistics, highlighted by its $1.6 billion acquisition of Andlauer Healthcare Group [5]. Group 2: Financial Performance - In the third quarter, UPS experienced a revenue decline of 3.7% and a 1.1% drop in adjusted earnings per share. However, there are signs of improvement, with U.S. revenue per piece growing by 9.8% and a slight increase in domestic operating margin [6]. - UPS has provided a better-than-expected outlook for the fourth quarter, indicating potential recovery as some headwinds begin to fade [7].

Key Points Coca-Cola's CEO is stepping down in 2026. He steered the company back to growth during his tenure, restructuring operations and cutting out low-value brands in favor of large, global acquisitions. Coca-Cola has been successfully battling inflation and tariffs. 10 stocks we like better than Coca-Cola › Coca-Cola (NYSE: KO) is one of the oldest companies still operating in the U.S., having gotten its start in 1886. It has gone through many changes over the 139 years, but it's still servi ...

Core Insights - Penn Capital Management Company disclosed a new position in Lumen Technologies, acquiring over 2.7 million shares valued at approximately $16.8 million during the third quarter [2][3][7] - Lumen Technologies operates as a facilities-based communications and technology provider, offering a range of services including cloud, fiber infrastructure, and managed security [6][9] - The company's recent financial performance showed mixed results, with revenue and adjusted EBITDA exceeding expectations, but a widening net loss [10][11] Company Overview - Lumen Technologies reported a total revenue of $12.7 billion and a net income of -$1.7 billion for the trailing twelve months [5] - The company's stock price as of the latest market close was $8.09, reflecting a one-year price change of -5.75% [5] - Lumen's focus is on providing scalable connectivity and IT solutions to both business and residential clients [9] Investment Position - Penn Capital's new stake in Lumen represents 1.3% of its 13F reportable assets under management at quarter-end [7] - Despite the significant acquisition, Lumen Technologies remains outside of Penn's top five holdings [7] - The investment aligns with Penn's strategy of targeting undervalued companies undergoing restructuring [10][11] Financial Performance - In the latest quarter, Lumen's free cash flow, excluding special items, increased to $1.7 billion from $1.2 billion a year earlier [10] - The company completed major debt refinancing, reducing annual interest expenses by $135 million [10] - However, Lumen's headline GAAP numbers remain concerning, with a net loss of $621 million in Q3, up from $148 million a year earlier [10]

Summary of Argo Blockchain Town Hall Meeting (November 19, 2025) Company Overview - **Company**: Argo Blockchain (NasdaqGS: ARBK) - **Industry**: Cryptocurrency mining, specifically Bitcoin and other cryptocurrencies - **Current Situation**: Argo is undergoing a restructuring plan due to financial difficulties exacerbated by high energy costs and prolonged low cryptocurrency prices since 2021 [7][8][9] Key Points from the Meeting Restructuring Plan - **Purpose**: The restructuring plan aims to restore Argo's financial stability and allow it to continue trading [4][12] - **Court Approval**: The plan requires court approval, with meetings for plan participants scheduled for December 2, 2025, and a sanction hearing on December 8, 2025 [5][6] - **Participants**: Shareholders, note holders, and secured lender Growler are involved in the restructuring process [5][11] Financial Challenges - **Energy Costs**: Energy costs account for approximately 50% of Argo's total costs, significantly impacting profitability [9] - **Debt Burden**: Argo has been reliant on third-party funding since December 2022, with a total debt of $40 million due in November 2026 [8][11][33] - **Mining Margin Decline**: The mining margin fell from $11.5 million (39% margin) in 2024 to $1.2 million in 2025 due to rising costs and reduced Bitcoin rewards following the April 2024 halving [10] Proposed Changes - **Equity Distribution**: Under the restructuring plan, Growler will own 87.5% of the enlarged share capital, note holders will hold 10%, and existing shareholders will retain 2.5% [13][18] - **ADS Ratio Change**: To maintain NASDAQ listing, the ratio of American Depositary Shares (ADS) will change from 1:10 to 1:1,260 [14][16] - **Delisting from LSE**: Argo intends to delist from the London Stock Exchange, establishing a matched bargain facility for shareholders to trade shares post-delisting [17] Financial Support - **Funding from Growler**: Growler will inject $3.5 million into Argo as part of the restructuring plan, which is critical for meeting obligations to unsecured creditors [12][34] - **Equitization of Debt**: Senior unsecured notes will be converted into equity, allowing note holders to receive shares in the restructured company [18][19] Market Conditions - **Crypto Market Volatility**: The company has faced a "crypto winter" since 2021, leading to significant declines in cryptocurrency prices and market sentiment [9] - **Future Profitability**: While no profit forecasts were provided, the board believes that with reduced debt and new funding, there is potential for recovery [49] Additional Considerations - **Management Structure**: Argo's management will continue to run the business, with a potential non-executive representative from Growler on the board [38] - **Tax Obligations**: Ongoing tax disputes in Canada are still unresolved, with no firm timeline for resolution [38] - **CapEx Plans**: Expected capital expenditures of $25 million in 2026 and 2027 were mentioned, but details on financing were not provided [52] Conclusion - The restructuring plan is seen as a necessary step for Argo to avoid insolvency and provide a pathway for potential recovery, albeit with significant dilution for existing shareholders and note holders [51][52]

Core Points - AYR Wellness Inc. has successfully completed a public foreclosure auction, with the senior noteholders winning the bid to acquire core assets and equity interests in multiple states [1][2][3] - The company plans to sign a Master Purchase Agreement (MPA) to initiate the regulatory approval process for transferring ownership of the assets to a newly formed acquisition vehicle (NewCo) [2][4] - The auction was conducted by Odyssey Trust Company under the direction of senior noteholders, with the auction taking place virtually on November 10, 2025 [3] Company Operations - AYR Wellness operates over 90 licensed retail locations across Florida, Pennsylvania, New Jersey, Ohio, Nevada, and Virginia, focusing on both medical and adult-use cannabis markets [6] - The company cultivates, manufactures, and retails a diverse portfolio of high-quality cannabis products, including brands like Kynd, Haze, and Later Days [6] - AYR intends to continue operating its core assets while seeking necessary regulatory approvals and winding down the existing corporate parent entity [4]

Core Insights - Lucid Motors is undergoing significant executive changes, with the departure of key figures including Chief Engineer Eric Bach and VP of Engineering James Hawkins, amidst a broader shake-up in leadership [1][2][4] Executive Departures - Eric Bach, who has been with Lucid Motors since 2015 and previously worked at Tesla and Volkswagen, is leaving the company [1] - James Hawkins, VP of Engineering, has also departed after a decade with Lucid Motors [2] - Jeri Ford, Vice President of Quality, is retiring and will be succeeded by Marnie Levergood from Scout Motors [2] Leadership Restructuring - Emad Dlala, the current Senior Vice President of Powertrain, is being promoted to oversee all of "Engineering and Digital" [3] - The company has been without a permanent CEO since Peter Rawlinson's resignation in February, with Marc Winterhoff serving as interim CEO [3] Context of Changes - The executive shake-up occurs as Lucid Motors has launched its new luxury SUV, the Gravity, which is expected to outperform the Air sedan in sales [5] - The company is also developing a midsized vehicle priced around $50,000, projected for release in 2026, but may require additional funding [6] Financial Developments - Lucid Motors' majority owner, Saudi Arabia's sovereign wealth fund, has increased the cap of a loan agreement from $750 million to approximately $2 billion, ensuring liquidity until 2027 [6]

Core Viewpoint - Beyond Meat's preliminary third-quarter results indicate stable sales expectations but highlight ongoing profitability challenges and restructuring efforts [1][3]. Group 1: Sales and Revenue - Beyond Meat anticipates approximately $70 million in sales for Q3, aligning with previous guidance of $68 million to $73 million, suggesting stable short-term performance [1][3]. - Analysts project a revenue of $68.87 million for the third quarter, reflecting modest revenue expectations [3]. Group 2: Profitability and Margins - Gross margins are expected to be between 10% to 11%, factoring in $1.7 million in costs related to shutting down operations in China; without these costs, margins could improve to 12% to 13% [2]. - The company is facing continued pressure on profitability due to costs associated with exiting the Chinese market and anticipated non-cash impairments of long-term assets [2][3]. Group 3: Market Reaction - Beyond Meat shares experienced an 8.27% decline, trading at $2.60, although they have seen a 300% increase over the week [4].