Financial Data and Key Metrics Changes - AAM's Q1 2025 sales were $1.41 billion, down from $1.61 billion in Q1 2024 [20] - Adjusted EBITDA for Q1 2025 was $177.3 million, with an adjusted EBITDA margin of 12.6%, compared to $205.6 million and 12.8% in the previous year [22] - GAAP net income was $7.1 million or $0.06 per share in Q1 2025, down from $20.5 million or $0.17 per share in Q1 2024 [26] - Adjusted free cash flow was a use of $3.9 million in Q1 2025, an improvement from the prior year [26][27] Business Line Data and Key Metrics Changes - North American production decreased approximately 5% year-over-year [8] - The Metal Form business unit showed improved EBITDA margins, increasing by 150 basis points year-over-year [22] Market Data and Key Metrics Changes - AAM's sales were impacted by a lower volume mix, resulting in a decrease of $166 million primarily due to lower overall volumes in North America [21] - Foreign exchange fluctuations, particularly from a weaker Brazilian real, contributed to a sales reduction of approximately $28 million [21] Company Strategy and Development Direction - AAM exited its joint ventures in China, collecting approximately $30 million in cash, as part of a strategy to focus on core businesses and capital allocation [9] - The company is on track to close the transformational transaction with Dali by Q4 2025, which is expected to yield significant synergies of approximately $300 million [11][12] - AAM aims to enhance its EV portfolio and maintain a balanced capital allocation policy post-acquisition [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged macro uncertainties due to new trade policies but emphasized a strategy of local sourcing, with 90% of products produced in North America being USMCA compliant [13] - The company updated its 2025 guidance, targeting sales between $5.65 billion and $5.95 billion, with adjusted EBITDA expected to be between $665 million and $745 million [17][32] - Management expressed confidence in navigating tariff impacts and leveraging opportunities presented by onshoring trends [34] Other Important Information - AAM's net debt stood at $2.1 billion with a net leverage ratio of 2.9x as of March 31, 2025 [27] - The company maintained a strong cash position of over $500 million due to operational performance and proceeds from joint venture sales [27] Q&A Session Summary Question: Thoughts on future contingencies and utilization of excess capacity - Management indicated that they have open capacity in several facilities and are willing to make adjustments based on customer needs [40][41] Question: Tariff exposure for Dali - Management noted that Dali has a similar production footprint and is managing tariff exposure similarly to AAM [44] Question: GM's volume outlook and its impact on guidance - Management confirmed that the guidance incorporates GM's strong demand for full-size trucks, expecting production in the range of 1.3 million to 1.4 million units [47][48] Question: Impact of macro volatility on the Dali transaction - Management stated that macro volatility has not complicated the process and both companies are focused on local sourcing [50] Question: Near-term production schedules - Management acknowledged some volatility in customer schedules but noted strong performance in core platforms [56][58] Question: Tariff policies and their impact - Management confirmed that under current USMCA policies, tariff impacts are limited, and they are working to ensure compliance [64][65] Question: Long-term implications of ICE and EV market changes - Management expressed that continued ICE production is beneficial for cash flow, while EV growth will be slower than previously projected [102][104]

New York, April 30, 2025 (GLOBE NEWSWIRE) -- Oak Woods Acquisition Corporation. (Nasdaq: OAKU) (the “Company”) today announced it received a delinquency notification letter from Nasdaq on April 24, 2025, which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company’s Annual Report on Form 10-K for the period ended December 31, 2024 (the “Annual Report”). The Nasdaq Listing Rule requires listed companies to timely file all required ...

Core Viewpoint - FuboTV's merger with Hulu is seen as a significant opportunity for growth, with potential benefits including a substantial increase in subscriber base and financial support from Disney [1][2][3] Group 1: Reasons to Buy - FuboTV's subscriber base is projected to increase from approximately 1.7 million at the end of 2024 to as many as 6.2 million post-merger [1] - The merger will provide FuboTV with a cash infusion of $220 million from Disney and other Hulu partners, aiding in business integration and content acquisition [2] - The combination is expected to enhance FuboTV's content offerings, positioning it as a stronger competitor in the streaming industry [2][3] Group 2: Reasons to Hold - Holding FuboTV shares may be prudent as the merger could lead to significant competitive advantages in the streaming space [4] - If the merger does not go through, FuboTV will still receive a $130 million termination fee, leaving it in a better financial position than before [5] Group 3: Reasons to Sell - Post-merger, Disney will control 70% of FuboTV's shares, raising concerns that FuboTV may prioritize Disney's interests over those of other shareholders [6] - There is a risk that FuboTV could face high content costs from Disney, potentially leading to modest profitability or losses [7] - Given the stock's significant price increase of over 100% this year, investors may consider taking profits and exiting the position [8] Group 4: Uncertain Outcome - While the merger appears beneficial, long-term shareholder value remains uncertain due to Disney's dominance in decision-making [9]

Group 1 - VEON Ltd. has completed the reorganization of VEON Holdings B.V. and finalized its consent solicitation process, facilitating a business combination with Cohen Circle Acquisition Corp. I, leading to Kyivstar Group Ltd. listing on Nasdaq under the ticker symbol KYIV [1][2] - The reorganization involved a legal demerger in the Netherlands, focusing VEON Holdings B.V. solely on Kyivstar and related assets, while other core businesses were transferred to newly formed Dutch entities [2] - VEON secured approval from 95.83% of its 2027 bondholders to transfer the issuer from VEON Holdings B.V. to VEON MidCo B.V., with unanimous support at a meeting held on January 30, 2025 [3] Group 2 - VEON operates across six countries, providing connectivity and digital services to nearly 160 million customers, contributing to economic growth through technology-driven services [4] - Kyivstar, as Ukraine's largest digital operator, serves over 23 million mobile subscribers and 1.1 million Home Internet fixed line customers, and has committed to invest USD 1 billion into the Ukrainian economy from 2023 to 2027 [5] - Kyivstar has allocated over UAH 2 billion in the past two years to support Ukraine during wartime, including assistance for the Armed Forces and social projects [5]

Core Insights - VEON Ltd. announced the acquisition of 97% of Uklon, a leading Ukrainian ride-hailing and delivery platform, by JSC Kyivstar [1][2] - Uklon reported a revenue of USD 65 million for FY 2024, with a compound annual growth rate (CAGR) of 30% from FY 2021 to FY 2024 [2] - The business combination agreement between VEON and Cohen Circle Acquisition Corp. I aims to list Kyivstar on the Nasdaq Stock Market under the ticker symbol KYIV, expected to close in Q3 2025 [3] Company Overview - VEON is a global digital operator serving nearly 160 million customers across six countries, focusing on technology-driven services [5] - Kyivstar, Ukraine's largest digital operator, serves over 23 million mobile subscribers and has committed to invest USD 1 billion in telecom technologies from 2023 to 2027 [5] - Uklon, founded 15 years ago, is the largest ride-hailing player in Ukraine, with over 100,000 drivers and operations in 27 cities [6] Financial Metrics - Uklon achieved over 100 million rides and over 3 million deliveries in 2024 [2] - The company has a team of over 700 experts, including 250 software engineers, enhancing its technology platform [6]