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GreenPower Announces Second Tranche of Term Loan
Prnewswire· 2025-05-28 00:14
Core Viewpoint - GreenPower Motor Company Inc. is announcing the second tranche of a secured term loan offering totaling U.S. $500,000 to support its operations and production costs [1][2]. Group 1: Loan Details - The second tranche of U.S. $500,000 is expected to be closed with companies associated with the CEO and a Director of the Company [2]. - The net proceeds from the Loans will be allocated towards production costs, supplier payments, payroll, and working capital [2]. Group 2: Inducements for Loans - As an inducement for the Loans, the Company will issue non-transferable share purchase warrants to one of the Lenders, with the number of warrants based on the principal amount divided by the Market Price [3]. - Two Lenders will receive Loan Bonus Shares, calculated as 20% of the principal amount of the Loans divided by the Market Price [3]. Group 3: Related Party Transactions - The Lenders are considered "related parties" under Multilateral Instrument 61-101, and the Loans and associated securities are classified as "related party transactions" but are exempt from formal valuation and minority approval requirements [4]. Group 4: Securities Regulations - All securities issued in connection with the Loans will be subject to a statutory hold period of four months plus a day from the closing of the Initial Loan [5]. Group 5: Company Overview - GreenPower designs, builds, and distributes a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans [6]. - The Company employs a clean-sheet design for its vehicles, ensuring they are purpose-built for battery power with zero emissions [6]. - GreenPower was founded in Vancouver, Canada, and has primary operational facilities in southern California, with a NASDAQ listing since August 2020 [6].
Why Shares in Airbus Took Off Today
The Motley Fool· 2025-05-27 18:27
Shares in European aerospace giant Airbus (EADSY 3.78%) rose by as much as 4% in early-morning trading today. The move follows the announcement that Vietnam's Vietjet airline has doubled its orders of wide-body Airbus A330neo aircraft to 40 from 20 during French President Macron's visit to the country.Vietjet and AirbusThe airline already operates an all-Airbus fleet , comprising 116 narrow-body A320 family aircraft and seven wide-body A330s in operation. Therefore, the order isn't a new "logo" win for Airb ...
Clear Channel Outdoor Launches Digital Billboard Campaign Across Texas to Find Missing Children
Prnewswire· 2025-05-27 14:30
On Friday, May 23rd, CCO held press conferences in each Texas market where families of the missing children, along with local law enforcement working on these unsolved cases, spoke throughout the state and urged the public to share any information they have regarding the disappearance or whereabouts of these children, some who are now adults. Clear Channel Outdoor is providing this month-long public service campaign at no cost in partnership with Texas Center for the Missing (TCM), Houston's Amber Alert Pro ...
Palantir Technologies Could Win Big With Golden Dome
Seeking Alpha· 2025-05-27 14:12
If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.In a previous report, I outlined the Golden Dome missile defense opportunity for Lockheed Martin ( LMT ) marking it a must-win for the company. However, some readers highlighted Palantir Technologies (NASDAQ: PLTR ) – along with some otherDhierin r ...
Foremost Clean Energy Successfully Regains Compliance with Nasdaq Minimum Bid Price Requirement Supported by Significant Trading Volume and +260% Increase in Share Price
Globenewswire· 2025-05-27 13:00
Share price increased by 264% from April 7, 2025 (non-compliance notice) to US$2.60 by May 22, 2025 (compliance achieved) indicating strong market sentiment and investor confidence in Foremost’s business strategy VANCOUVER, British Columbia, May 27, 2025 (GLOBE NEWSWIRE) -- Foremost Clean Energy Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost” or the “Company”) an emerging North American uranium and lithium exploration company, today announced that on May 23, 2025, it received written notice (the “Compliance Noti ...
U.S. Administration's Nuclear Executive Orders
Newsfile· 2025-05-27 11:00
Core Viewpoint - The U.S. Administration's recent Nuclear Executive Orders aim to accelerate nuclear energy deployment, which will significantly impact the uranium market and expedite the development timelines for Snow Lake's Pine Ridge uranium project [1][3][6]. Industry Summary - The Nuclear Executive Orders are designed to: - Accelerate the deployment of nuclear energy in the U.S. - Deploy advanced nuclear reactor technologies, including Small Modular Reactors (SMRs) - Quadruple nuclear energy production in the U.S. by 2050 - Reinvigorate the nuclear industrial base, including uranium mining and enrichment [6][8]. - The orders are expected to dramatically increase global demand for uranium and accelerate domestic uranium mining in the U.S. [6][9]. Company Summary - Snow Lake Resources Ltd. is positioned to benefit from the Nuclear Executive Orders, which could fast-track the Pine Ridge uranium project into production sooner than previously anticipated [4][7]. - The Pine Ridge uranium project is located in the Powder River Basin, Wyoming, and is considered a potential Tier-1 uranium asset [5][12]. - An aggressive drilling program of 125,000 feet is set to begin, aiming to generate a maiden mineral resource estimate by the end of 2025 [5][16]. - The project is a joint venture with Global Uranium and Enrichment Limited, and it has a significant exploration target based on historical drilling data [13][14]. Strategic Context - The ongoing AI arms race between the U.S. and China is driving increased demand for nuclear energy, which in turn raises the need for uranium to power nuclear reactors [10][11]. - The U.S. Administration's focus on energy independence and security prioritizes nuclear energy and the domestic supply chain, particularly for critical minerals like uranium [8][9].
1 Stock That Could Be a Huge Winner With President Trump's One, Big, Beautiful Bill
The Motley Fool· 2025-05-25 10:45
Group 1 - The U.S. House of Representatives passed the One, Big, Beautiful Bill Act, which includes significant changes advocated by President Trump, creating potential investment opportunities, particularly for Lockheed Martin [1][3] - The bill aims to make individual tax cuts permanent and includes controversial Medicaid changes, but the most relevant aspect for Lockheed Martin is the funding for the Golden Dome missile defense system [3][4] - The Golden Dome is designed to be a missile defense system similar to Israel's Iron Dome, with President Trump stating it could be completed within three years and capable of intercepting missiles globally [4][5] Group 2 - Lockheed Martin is positioning itself as a key contractor for the Golden Dome project, highlighting its expertise in missile defense systems, particularly through its work on the Command Control Battle Management Communications (C2BMC) [5][6] - The company emphasizes the need for proven technology and capabilities in missile defense, stating that it is prepared to collaborate with other industry leaders to ensure the project's success [6] - While Lockheed Martin presents a strong case for involvement, the passage of the bill in the Senate remains uncertain, and even if passed, there is no guarantee of a federal contract for the Golden Dome system [7][8] Group 3 - The initial funding allocated for the Golden Dome system is $25 billion, with the total estimated cost projected to be around $175 billion, although some experts suggest it could be higher [8][9] - If Lockheed Martin secures a major contract for the Golden Dome, it could serve as a significant catalyst for the company's stock performance [9]
GreenPower Announces Results of Annual General and Special Meeting and Appointment of Officers
Prnewswire· 2025-05-23 23:00
Core Points - GreenPower Motor Company Inc. held its Annual General and Special Meeting (AGM) on May 23, 2025, where significant corporate decisions were made [1] - Shareholders elected all management's director nominees and re-approved the Company's 2022 Equity Incentive Plan [2] - BDO Canada LLP was appointed as the Company's auditors for the upcoming fiscal year [2] - The Board of Directors appointed Fraser Atkinson as Chairman and CEO, Brendan Riley as President, and Michael Sieffert as CFO and Corporate Secretary for the next year [3] Company Overview - GreenPower designs, builds, and distributes a range of all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, and cargo vans [4] - The Company employs a clean-sheet design approach to manufacture zero-emission vehicles, integrating global suppliers for key components [4] - GreenPower was founded in Vancouver, Canada, with primary operational facilities in southern California, and it has been listed on the Toronto exchange since November 2015, completing its U.S. IPO and NASDAQ listing in August 2020 [4]
TELA Bio to Participate in the 2025 Jefferies Global Healthcare Conference
Globenewswire· 2025-05-22 20:05
MALVERN, Pa., May 22, 2025 (GLOBE NEWSWIRE) -- TELA Bio, Inc. (NASDAQ: TELA), a commercial-stage medical technology company focused on providing innovative soft-tissue reconstruction solutions, today announced that the Company will participate in the 2025 Jefferies Global Healthcare Conference. TELA’s management is scheduled to present at the 2025 Jefferies Global Healthcare Conference at 11:05 am ET on June 5th, 2025. Interested parties can access the live and archived webcast at ir.telabio.com. About TELA ...
RTX's Unit Secures a Contract to Aid AIM-9X Sidewinder Missile Systems
ZACKS· 2025-05-22 14:51
RTX Corporation’s (RTX) business unit, Raytheon, won a modification contract to aid the AIM-9X Sidewinder Missile Systems. The award has been offered by the Naval Air Systems Command, Patuxent River, MD.Details of RTX’s DealValued at $13.3 million, the contract is expected to be completed by June 2027. Per the terms of the deal, RTX will continue developing electronic and guidance units, spare circuit boards and software engineering stations to support upgrades and risk reduction efforts for the AIM-9X Syst ...