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SOUNDHOUND ALERT: Bragar Eagel & Squire, P.C. is Investigating SoundHound AI, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-06-10 01:00
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against SoundHound AI, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors during a specified class period [1] Summary by Relevant Sections Class Action Complaint - The complaint alleges that during the class period, SoundHound failed to disclose material weaknesses in its internal controls over financial reporting, which impaired its ability to account for corporate acquisitions [2] - It is claimed that SoundHound overstated its remediation efforts regarding these internal control weaknesses, leading to inflated reported goodwill following the Amelia Acquisition [2] - The complaint also indicates that SoundHound would require additional time and resources to account for the SYNQ3 and Amelia Acquisitions, increasing the risk of delayed financial report filings with the SEC [2] SEC Filing and Stock Impact - On March 4, 2025, SoundHound announced it would be unable to timely file its Annual Report for 2024, citing complexities in accounting for the SYNQ3 and Amelia Acquisitions and identified material weaknesses in internal controls [3] - Following this announcement, SoundHound's stock price fell by $0.61 per share, or 5.86%, closing at $9.72 per share [3]
Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Red Cat and Fortrea and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-06-10 01:00
Red Cat Holdings, Inc. (NASDAQ: RCAT) - Class action lawsuit initiated for stockholders covering the period from March 18, 2022, to January 15, 2025, with a lead plaintiff deadline of July 22, 2025 [2] - Allegations include misleading statements regarding the production capacity of Red Cat's Salt Lake City facility and the value of the Short Range Reconnaissance Program contract [3][4] - On July 27, 2023, Red Cat disclosed that its facility could only produce 100 drones per month, leading to a nearly 9% drop in stock price [4] - Financial results for Q1 FY2025 revealed losses per share of $0.17, missing estimates by $0.09, and revenue of $2.8 million, missing by $1.07 million, causing a more than 25% decline in stock price [5] - A report from Kerrisdale Capital on January 16, 2025, claimed the SRR contract was less favorable than previously indicated, resulting in a stock price drop of over 21% [6] Fortrea Holdings Inc. (NASDAQ: FTRE) - Class action lawsuit initiated for stockholders covering the period from July 3, 2023, to February 28, 2025, with a lead plaintiff deadline of August 1, 2025 [7] - Fortrea was spun off from Labcorp Holdings Inc. in June 2023, and entered into transition services agreements with Labcorp [7] - On March 3, 2025, Fortrea announced that its revenue and adjusted EBITDA expectations for 2025 were not aligned with prior forecasts, leading to a stock price drop of 25.05% [8] - Allegations include overestimating revenue from Pre-Spin projects and overstating cost savings from exiting TSAs, which inflated EBITDA targets and overstated the viability of the post-Spin-Off business model [9]
Comstock Amends Agreement With Mackay Precious Metals Inc.
Globenewswire· 2025-06-09 20:15
Core Viewpoint - Comstock Inc. has amended its Membership Interest Purchase Agreement to sell its Northern Targets and a membership interest in Pelen LLC to Mackay Precious Metals Inc. for a total of $2.95 million and a 1.5% NSR production royalty on extracted minerals [1][2][6] Financial Summary - The purchase price has been increased from $2.75 million to $2.95 million, with an additional cash component of $1.2 million [2] - Comstock has already received $1.0 million in cash, with the remaining $1.95 million to be paid in installments by August 30, 2025 [2] - The total revenue recognized from the previous lease and the current sale amounts to over $6.7 million, including $3.77 million from lease payments since June 30, 2023 [4][6] Asset Details - The Northern Targets include the Gold Hill and Occidental Lode claim groups located in Storey County, Nevada [5] - Mackay will also transfer approximately 300 acres of mining properties in Lyon County to Comstock at no additional cost, expanding Comstock's mineral claims [3][6] Strategic Implications - The Northern Targets were not integral to Comstock's development plans, which focus on the central and southern parts of the district [6] - The transaction is viewed positively as it allows Comstock to advance its plans for the Dayton and Lucerne resources and expand its gold and silver resource potential [6]
Steelworkers and Mexican miners to demonstrate outside Orla Mining's Vancouver offices over human and labour rights abuses in Mexico
GlobeNewswire News Room· 2025-06-09 20:09
Core Points - Orla Mining is facing protests from Mexican miners' union Los Mineros and United Steelworkers (USW) over alleged violence and intimidation against workers at its Camino Rojo mine in Mexico [1] - The protests are scheduled for June 10, 2025, outside Orla Mining's Vancouver offices [1] Group 1: Allegations and Complaints - Since spring 2024, Los Mineros has accused Orla Mining of pressuring workers to decertify their union and join a pro-employer union [1] - A complaint regarding the company's interference in workers' rights was accepted by the U.S. Department of Labor under the CUSMA Rapid Response Mechanism and is now proceeding to international arbitration [2] - An armed assailant attempted to enter the home of Jaime Pulido, the local leader of Los Mineros, indicating a dangerous environment linked to cartel activity at the mine [3] Group 2: Legal Actions and Investigations - The USW filed a complaint with the Canadian government regarding Orla Mining's interference in workers' rights and the hazardous conditions at the mine, which is currently under investigation [4] - Despite the intimidation, a union election was held in November 2024, resulting in the company union winning and displacing Los Mineros, who have since filed legal appeals [4] Group 3: Support and Advocacy - The USW expresses strong support for Los Mineros and emphasizes the importance of respecting labor and human rights in Canadian mining operations [5]
EXEL Industries: Total number of voting rights and shares at 05.31.2025
Globenewswire· 2025-06-09 15:21
Company Information - EXEL Industries is a French Société Anonyme with a share capital of €16,969,750 [1] - The registered office is located at 54, rue Marcel Paul, 51206 Epernay Cedex, France [1] - The company is registered under the Reims Companies Register (RCS) with the number 095 550 356 [1] Share and Voting Rights - As of May 31, 2025, the total number of shares is 6,787,900 [2] - The theoretical voting rights amount to 9,891,627 [2] - The exercisable voting rights, after deduction of shares without voting rights, are 9,886,797 [2]
Atico Mining Announces Launch of Rights Offering and Concurrent LIFE Offering
Globenewswire· 2025-06-09 13:11
Core Viewpoint - Atico Mining Corporation is conducting a rights offering and a concurrent LIFE offering to raise a total of approximately $8,536,592 for development projects and general corporate purposes [1][10][16]. Rights Offering - The rights offering will issue 48,514,474 rights to shareholders, allowing them to subscribe for units at a price of $0.11 per unit [2][3]. - Each unit consists of one common share and one transferable purchase warrant, exercisable at $0.18 for two years [3][11]. - The rights will expire on July 21, 2025, and unexercised rights will be void [5]. LIFE Offering - The LIFE offering aims to raise up to $3,200,000 by issuing 29,090,910 units at the same price of $0.11 per unit [10][12]. - Each LIFE unit also consists of one common share and one transferable purchase warrant, with similar terms as the rights offering [11]. Loan Refinancing - The company has a credit agreement with Trafigura for a principal sum of $10 million, with $8.7 million due by June 30, 2025 [15]. - Ongoing discussions are taking place for potential refinancing options [15]. Use of Proceeds - The net proceeds from the offerings will be allocated to the La Plata project in Ecuador, additional drilling at the El Roble mine in Colombia, and general corporate purposes [16]. Additional Information - The offerings may involve related parties and will be exempt from certain formal requirements under MI 61-101 [17]. - Detailed information regarding the offerings will be available in the company's offering documents on SEDAR+ [19].
Turtle Beach Corporation Adopts Limited Duration Stockholder Rights Plan
Globenewswire· 2025-06-09 13:00
Core Viewpoint - Turtle Beach Corporation has adopted a limited duration stockholder rights plan to protect stockholders and enhance the value of their investments [1][2][4] Summary by Sections Rights Plan Adoption - The Board of Directors has approved a stockholder rights plan, declaring a dividend distribution of one right for each outstanding share of common stock, with a record date of June 23, 2025 [1][2] - The Rights Plan is designed to allow stockholders to realize the full potential value of their investments and to protect against actions deemed not in the best interests of the Company [2][4] Rights Plan Mechanism - The Rights become exercisable if a person or group acquires 10% or more of the Company's common stock without Board approval, allowing existing Right holders to purchase shares at a value of twice the exercise price [3] - In the event of a merger after such an acquisition, Right holders can purchase shares of the acquiring company at a similar valuation [3] Special Meeting Clause - The Rights Plan includes a clause allowing stockholders to call a special meeting to exempt a pending offer that meets specific criteria [4] - The plan is not a response to any specific takeover bid and does not aim to deter fair offers [4] Existing Stockholders - Current stockholders owning 10% or more of the Company's stock will not face penalties under the Rights Plan as long as they do not acquire additional shares cumulatively [5] Additional Information - Further details regarding the Rights Plan will be filed with the U.S. Securities and Exchange Commission and will be available on the Company's corporate website [6]
LA Protests: Mexico's Sheinbaum Vows to Protect Any Citizens That are Arrested
Bloomberg Television· 2025-06-09 10:00
El gobierno de México reitera su compromiso inquebrantable con la protección y defensa de los derechos humanos de los mexicanos en el exterior, independientemente de su situación migratoria. En este sentido, hacemos un llamado respetuoso pero firme a las autoridades estadounidenses para que todos los procedimientos migratorios se realicen con apego al debido proceso, en un marco de respeto a la dignidad humana y al estado de derecho. No estamos de acuerdo con las acciones violentas como forma de protesta.La ...
Class Action Filed Against Civitas Resources, Inc. (CIVI) Seeking Recovery for Investors - Contact The Gross Law Firm
Prnewswire· 2025-06-09 09:45
NEW YORK, June 9, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Civitas Resources, Inc. (NYSE: CIVI).Shareholders who purchased shares of CIVI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/civitas-resources-loss-submission-form/?id=151914&from=4CLASS PERIOD: February 27, 2 ...
RBGLY Investor Notice: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class Action Against Reckitt Benckiser Group PLC
GlobeNewswire News Room· 2025-06-06 22:12
Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Reckitt Benckiser Group PLC American Depository Shares (ADSs) between January 13, 2021, and July 28, 2024, alleging that the company misled investors regarding the safety of its Enfamil baby formula [1][2]. Allegations - The lawsuit claims that Reckitt failed to inform investors and consumers about the increased risk of necrotizing enterocolitis (NEC) in preterm infants consuming its cow's milk-based formula, Enfamil, and the potential negative impact on sales and legal exposure [2]. - A jury in Illinois awarded $60 million in a case against Mead Johnson, finding negligence in failing to warn about the risks associated with cow's milk-based formula, which led to a significant drop in Reckitt's ADS price [3]. - Following a similar case in Missouri, where Abbott Laboratories was found liable for NEC-related damages, Reckitt's ADS price also experienced a notable decline [4]. Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action must file a motion by August 4, 2025, but participation is not required to be eligible for recovery [5].