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Equinox Gold Shareholders Receive Positive Voting Recommendations for Business Combination with Calibre Mining
Newsfile· 2025-04-16 10:00
Core Viewpoint - Equinox Gold shareholders are encouraged to vote in favor of the proposed business combination with Calibre Mining, as independent proxy advisory firms ISS and Glass Lewis have issued positive recommendations [1][2]. Strategic Rationale for the Business Combination - The merger will create a major diversified gold producer in the Americas, with potential for over 1.2 million ounces of annual gold production from a portfolio of mines across five countries [6]. - The combined entity will become the second largest gold producer in Canada, with the Greenstone Gold Mine and Valentine Gold Mine expected to produce a total of 590,000 ounces of gold per year at full capacity [6]. - The merger is anticipated to generate substantial free cash flow, driven by increased production at high gold prices, allowing for rapid deleveraging and capital return to shareholders [6]. - There is an exceptional growth profile with additional production growth expected from the ramp-up of the Valentine Gold Mine and a pipeline of development projects [6]. - The combined company has significant re-rate potential based on peer valuation, with greater scale, lower risk, and superior free cash flow compared to competitors [6]. - The leadership team includes experienced individuals with a proven track record of delivering shareholder value, with key positions filled by executives from both companies [6]. Shareholder Meeting Details - Equinox Gold's Annual and Special Meeting of shareholders is scheduled for April 24, 2025, at 1:30 PM (Vancouver time), where shareholders can vote on the Share Issuance Resolution and other matters [7]. - Shareholders of record as of March 18, 2025, are eligible to vote, and various voting methods are available, including online, by telephone, or in person [7][8].
180 Degree Capital Corp. Notes Preliminary Net Asset Value per Share of $4.42 as of March 31, 2025, and Portfolio Company Updates From Q1 2025
Newsfilter· 2025-04-14 12:00
Core Insights - 180 Degree Capital Corp. reported a preliminary net asset value (NAV) per share of $4.42 as of March 31, 2025, reflecting strong performance from public investments that outperformed the Russell Microcap Index by approximately 1900 basis points [2][4] - The company experienced a gross total return of +4.5% in Q1 2025, contrasting with a -14.4% total return for the Russell Microcap Index, although net total return was -4.7% due to merger-related expenses [2][4] - The company is focused on maximizing NAV for shareholders and believes that the proposed merger with Mount Logan Capital will create significant future value [2][7] Financial Performance - The gross total return of 180 Degree Capital was approximately 1900 basis points above the benchmark, indicating extraordinary performance [2][4] - Day-to-day operating expenses declined by over 30% from Q1 2024, although merger-related expenses were significant, totaling nearly $300,000 due to public efforts to derail the merger [2][4] - As of April 11, 2025, the estimated gross and net total return for 2025 remains approximately 1800 basis points and 1000 basis points ahead of the Russell Microcap Index, respectively [2][4] Portfolio Company Updates - Potbelly Corporation (PBPB) reported Q4 2024 results that exceeded guidance, but Q1 2025 guidance included negative comps due to inclement weather [4][6] - Intevac, Inc. (IVAC) was acquired by Seagate Technology for $4.00 per share, resulting in a total return of $4.102 per share, a 20.6% premium to its closing price on December 31, 2024 [5][6] - Brightcove, Inc. (BCOV) was acquired by Bending Spoons for $4.45 per share, a 2.3% premium to its closing price on December 31, 2024 [5][6] Strategic Initiatives - The company is actively using market volatility to identify investment opportunities that could enhance NAV ahead of the proposed merger [7] - 180 Degree Capital plans to continue managing merger-related expenses and day-to-day costs to minimize their impact on NAV [7] - The company is open to shareholder perspectives and aims to allocate capital towards growth rather than unnecessary expenses related to the merger [2][7]
Marblegate Capital Corporation Announces Completion of Business Combination with Marblegate Acquisition Corp. and DePalma Companies to Establish Publicly Listed Vertically Integrated NYC Taxi Medallion Lender and Fleet Operator
Prnewswire· 2025-04-10 11:00
Marblegate positioned to leverage its successful record of driving positive change in the taxi industry to deliver value for owners, drivers, and investors Firm was pivotal to the success of NYC Taxi Medallion MRP+ program which has been hailed by federal, state and city officials for stabilizing the industry NEW YORK, April 10, 2025 /PRNewswire/ -- Marblegate Capital Corporation (MCC) and Marblegate Acquisition Corp. (MAC) (previouslyNasdaq: GATE), a publicly traded special purpose acquisition company spon ...
Inflection Point Acquisition Corp III Unit(IPCXU) - Prospectus(update)
2025-04-08 21:24
_________________________________ AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 _________________________________ Inflection Point Acquisition Corp. III (Exact name of registrant as specified in its charter) _________________________________ | Cayman Islands | 6770 | N/A | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation or organization) | Classification Code Number) | Identification Number) | As f ...
Lakeshore Acquisition III Corp(LCCC) - Prospectus
2025-04-04 20:43
S-1 1 lakeshore_s1.htm FORM S-1 As filed with the U.S. Securities and Exchange Commission on April 4, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Lakeshore Acquisition III Corp. (Exact name of registrant as specified in its charter) Cayman Islands 6770 N/A (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employ ...
Blue Water Acquisition Corp III-A(BLUW) - Prospectus(update)
2025-03-31 10:24
As filed with the U.S. Securities and Exchange Commission on March 28, 2025. Registration No. 333-285075 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Blue Water Acquisition Corp. III (Exact name of registrant as specified in its charter) Cayman Islands 6770 33-2301550 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Empl ...
Blue Water Acquisition Corp III Unit(BLUWU) - Prospectus(update)
2025-03-31 10:24
As filed with the U.S. Securities and Exchange Commission on March 28, 2025. Registration No. 333-285075 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Blue Water Acquisition Corp. III (Exact name of registrant as specified in its charter) Cayman Islands 6770 33-2301550 15 E. Putnam Avenue Suite 363 Greenwich, CT 06830 (203) 489-2110 (Address, including zip code, and telephone number, including area ...
OMS Energy Technologies Inc(OMSE) - Prospectus(update)
2025-03-26 20:23
As filed with the U.S. Securities and Exchange Commission on March 26, 2025. Registration No. 333-282986 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________ AMENDMENT NO. 8 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ______________________ OMS Energy Technologies Inc. (Exact name of Registrant as specified in its charter) ______________________ Not Applicable (Translation of Registrants name into English) ______________________ | Cayman Isla ...
Dune Acquisition Corp II-A(IPOD) - Prospectus(update)
2025-03-25 21:30
As filed with the U.S. Securities and Exchange Commission on March 25, 2025. Registration No. 333-285639 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ____________________ DUNE ACQUISITION CORPORATION II (Exact name of registrant as specified in its charter) ____________________ Cayman Islands 6770 N/A (State or other jurisdiction of incorporation or organization) (Primary Stand ...
Dune Acquisition Corp II Unit(IPODU) - Prospectus(update)
2025-03-25 21:30
As filed with the U.S. Securities and Exchange Commission on March 25, 2025. Registration No. 333-285639 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________ AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ____________________ DUNE ACQUISITION CORPORATION II (Exact name of registrant as specified in its charter) ____________________ Cayman Islands 6770 N/A (State or other jurisdiction of incorporation or organization) (Primary Stand ...