Core Viewpoint - FLINT Corp. is initiating a recapitalization transaction aimed at significantly reducing debt and annual interest costs, simplifying its capital structure, and improving liquidity, ultimately positioning the company for future growth opportunities [1][5][10] Recapitalization Details - The recapitalization will be executed through a plan of arrangement under the Business Corporations Act (Alberta), involving the exchange of $135,335,053 in senior secured debentures for new common shares, which will represent approximately 90% of the total shares post-recapitalization [3][6] - Existing preferred shares will be extinguished, and holders will receive new common shares representing about 7.5% of the total shares post-recapitalization [3][6] - A share consolidation will occur at a ratio of one post-consolidation common share for every 40 pre-consolidation shares, resulting in existing common shareholders retaining approximately 2.5% of the total shares post-recapitalization [3][6] - Total debt will be reduced by approximately C$135,335,053, and annual cash interest expense will decrease by about C$10,826,804 [3][6] Stakeholder Support - Canso Investment Counsel Ltd., the largest shareholder and primary lender, has entered into a support agreement to vote in favor of the recapitalization [4][10] - Directors holding common and preferred shares have also agreed to vote in favor, representing approximately 6.9% of the issued common shares [4][12] Financial Advisory and Fairness Opinion - ATB Capital Markets has been engaged as a financial advisor, determining that the recapitalization is the most viable option for reducing debt and enabling growth [8] - Origin Merchant Partners has provided a fairness opinion to the Independent Committee, stating that the recapitalization is fair from a financial perspective for common and preferred shareholders [9][10] Required Approvals - The recapitalization requires approval from securityholders at separate meetings, with at least two-thirds of votes needed from each class of securityholders [13][15] - Regulatory approvals, including from the TSX and the Court of King's Bench of Alberta, are also necessary for the implementation of the recapitalization [15][14]

Financial Data and Key Metrics Changes - The second quarter net loss was $89 million or $0.51 per share, which included impairments in the Austin portfolio totaling $63.4 million or $0.37 per share [28] - The second quarter FFO totaled $26.1 million or $0.15 per diluted share, meeting consensus estimates [28] - The capital ratio improved to 4.1%, with a target range now set at 9% to 10%, the lowest in the past five years [8][10] Business Line Data and Key Metrics Changes - The quarterly retention rate was 82%, with leasing activity approximating 460,000 square feet, a 35% increase quarter over quarter [5][6] - The occupancy rate ended the quarter at 88.6% and the leased percentage at 91.1% [6][7] - The mark to market was 2.1% on a GAAP basis, with a negative cash basis [8] Market Data and Key Metrics Changes - In Philadelphia, the occupancy rate was 93.5% and the leased percentage was 96.5%, capturing 54% of all office deals in the Central Business District [7] - The Austin market is now 78% leased and occupied, showing improvement due to property sales [8] - The life science sector is expected to be a growth driver, supported by a strong regional healthcare ecosystem [14] Company Strategy and Development Direction - The company plans to recapitalize residential and commercial developments as leasing percentages approach 90% [32] - A new hotel development project has commenced, with a projected cost of less than $60 million and an anticipated 10% return on cost [23] - The company aims to return to investment-grade metrics over the next couple of years by reducing overall leverage [11][39] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the improving real estate market and the solid operating platform [40] - The company anticipates continued strong operating performance supported by limited rollover risk and an expanding lease pipeline [10] - Management noted that the quality bifurcation in the office sector continues, with high-quality buildings outperforming [13] Other Important Information - The company has no unsecured bond maturities until November 2027, providing ample liquidity [11] - The average cap rate on property sales was 6.9%, with a price per square foot of $212 [25] - The company recognized approximately 26% of deferred tenant improvement costs totaling $5.5 million during the quarter [26] Q&A Session Summary Question: Can you discuss capital provider appetite for recapitalization? - Management noted strong investor appetite for high-quality private investments, with ongoing discussions for recapitalization [44] Question: Will the hotel development be owned long-term or monetized? - The company is open to bringing in equity partners or joint venturing the hotel project, viewing it as a significant addition to their amenity program [48] Question: What are the deal economics for the 100,000 square foot lease at Uptown ATX? - The lease is a ten-year agreement with occupancy expected in early 2026, and the economics were in line with projections [53] Question: What lease percentage is targeted before recapitalization of office components? - The target is to reach 85% leased for the 3025 project, with visibility for further growth [56] Question: What flexibility does the company have regarding dividends? - The company has room to adjust dividends based on sales and tax losses, with ongoing discussions with the board [62] Question: Can you discuss the depth of the market for office assets? - The return of significant private investors for high-quality assets is encouraging, with a notable increase in office sales compared to previous years [66]

Core Viewpoint - Prosafe has successfully completed a recapitalization process that significantly enhances its financial position by converting USD 193 million of debt into equity, resulting in the issuance of 321,635,718 new shares and the offering of warrants to shareholders [1][2][4]. Financial Position - The recapitalization has led to an increase in the company's registered share capital by EUR 3,216,357.18, raising it from EUR 178,686.51 to EUR 3,395,043.69, with a total of 339,504,369 shares now outstanding [3]. - The company expects unrestricted liquidity of approximately USD 90 to 100 million and a headroom against the new USD 20 million covenant of approximately USD 70 to 80 million at the date of the recapitalization [7]. Business Outlook - Prosafe maintains a positive outlook, having secured new contracts and improved operational activity due to vessel re-activations. A new 4-year contract for the Safe Notos has been awarded at a significantly improved day rate of approximately USD 140,000 per day [5]. - The company anticipates full-year 2025 EBITDA in the range of USD 35 to 40 million, contingent on the successful completion of various contracts and vessel re-activations [7]. Corporate Governance - The company has welcomed a new Board of Directors elected at the annual general meeting held on 21 May 2025, expressing gratitude to the departing board for their contributions [6].

Core Viewpoint - Prosafe SE has successfully completed a recapitalization process, significantly improving its financial position by converting USD 193 million of debt into equity, resulting in the issuance of 321,635,718 new shares and offering warrants to shareholders [1][2][4]. Financial Position - The recapitalization has led to an increase in the company's registered share capital from EUR 178,686.51 to EUR 3,395,043.69, with a total of 339,504,369 shares now outstanding [3]. - The company expects unrestricted liquidity of approximately USD 90 to 100 million and a headroom against the new USD 20 million covenant of approximately USD 70 to 80 million at the date of the recapitalization [7]. Business Outlook - Prosafe maintains a positive outlook with new contracts secured, including a 4-year contract for the Safe Notos at a significantly improved day rate of approximately USD 140,000 per day [5]. - The company anticipates full-year 2025 EBITDA in the range of USD 35 to 40 million, contingent on the successful completion of various contracts and vessel re-activations [7]. Corporate Governance - The company welcomed a new Board of Directors elected at the annual general meeting held on 21 May 2025, expressing gratitude to the departing board for their contributions [6].

Summary of Reed's (REED) Conference Call - June 26, 2025 Company Overview - Reed's operates in the beverage industry, specifically focusing on ginger-based products such as ginger ale and ginger beer, as well as craft sodas under the Virgil's brand [4][6][25] - The company has a long-standing history since the 1980s and has expanded its product portfolio over the years [4][5] Core Points and Arguments Business Strategy and Product Innovation - The CEO expressed excitement about the company's direction and recent innovations, including a new functional beverage line launched in 2025 [3][15] - Reed's is focusing on expanding its product offerings in the flavored malt beverage (F&B) category, which is experiencing significant growth in the U.S. market [6][11] - The company is also introducing a zero-sugar ginger ale to align with consumer trends towards healthier options [10][11] Market Opportunities - There is a strong belief that the ginger beer and ginger ale segments have substantial growth potential, particularly in non-traditional channels such as convenience stores and dollar stores [9][10] - The company aims to enhance its distribution network, currently reaching 32,000 retail doors, with plans to expand further [16][17] Financial Performance and Strategic Initiatives - The company underwent a recapitalization in Q4 2024, which reduced debt and allowed for reinvestment in working capital [18][19] - The focus is on achieving profitable growth, with a target to reach breakeven and net profitability in the near future [20][21] - The management is closely monitoring sales velocity and channel expansion to drive top-line growth [21][24] Margin Improvement - Reed's is working on margin expansion, aiming to improve gross margins to the mid-30s percentage range, with aspirations to reach the high 30s or even 40% in the long term [24][25] Additional Important Insights - The company is committed to maintaining high-quality standards in its products, emphasizing the use of premium ingredients [25][26] - There is a strong focus on building brand strength and customer relationships, with plans to enhance marketing efforts for new products [30][32] - The management team is optimistic about the future, citing a clean balance sheet and a strong brand as key advantages [28][29] Conclusion - Reed's is positioned for growth in the beverage market, with a clear strategy focused on innovation, market expansion, and improving financial performance. The management is optimistic about capturing new opportunities while maintaining a commitment to product quality and customer satisfaction [27][33]

Group Overview - The Jøtul Group is one of the three largest suppliers of fireplaces in Europe and a significant player in North America, with a history dating back to 1853 [1] - The Group's main brands include Jøtul, Scan, and Ravelli, offering a range of products such as stand-alone stoves, inserts, frames, and accessories for fireplaces [1] - Manufacturing occurs in Norway, Poland, France, and the USA, alongside a variety of bought-in products, with a global distribution network [1] Financial Performance - In Q1 2025, the Group reported a consolidated loss of MNOK -68.5, an improvement from a loss of MNOK -76.1 in Q1 2024 [2] - The operating result for Q1 2025 was a loss of MNOK -40.6, compared to a loss of MNOK -54.9 in Q1 2024 [2] - The total comprehensive loss in Q1 2025 was MNOK -76.6, compared to a loss of MNOK -59.7 in Q1 2024 [2] Liquidity and Recapitalization - Due to weak business performance in 2024 and a disappointing high season, the Group's liquidity projections worsened, leading to postponed bond interest payments in early 2025 [3] - A recapitalization plan was approved by bondholders by the end of Q1 2025, aimed at strengthening liquidity and improving the balance sheet by converting existing bond debt to equity and raising additional capital [3] - The effective implementation date of the recapitalization plan was April 14, 2025, resulting in significant deleveraging and new liquidity bonds to secure business continuity [3]

Financial Data and Key Metrics Changes - Net sales for Q1 2025 were $322 million, compared to $316 million in the prior year period, indicating a slight increase [15] - Adjusted EBITDA for Q1 2025 was $25 million, with a margin of 15%, down from $31 million and 18% in the prior year [16] - The net loss for Q1 2025 was $13 million, which is a $20 million improvement compared to the same period last year [16] - Unlevered free cash flow increased to $33 million from $8 million in the prior year, driven by lower working capital [18] - Total cash on the balance sheet as of March 31, 2025, was $54 million, with no amounts drawn on the $60 million revolving credit facility [18] Business Line Data and Key Metrics Changes - Value-added sales decreased by approximately $3 million compared to the prior year, primarily due to lower unit sales and negative FX impact, partially offset by favorable pricing [16] - The company experienced a setback in April when certain North American customers notified them of a shift in sourcing, representing 33% of expected revenue for 2025 [6] Market Data and Key Metrics Changes - The company noted an unprecedented level of quoting activity, with over 53 million lifetime views year-to-date, which is double the level compared to the same time last year [5][11] - Tariff dynamics in Europe and North America are creating significant opportunities, with tariffs on Chinese imports exceeding 100% and Moroccan imports into Europe nearly 50% [10] Company Strategy and Development Direction - The company is focusing on a recapitalization transaction to significantly deleverage the balance sheet and improve financial strength [8][21] - The strategy includes enhancing the local manufacturing footprint in Mexico and Poland to support existing and new customers [5][11] - The company aims to recover recent contract losses through short-term opportunities and is committed to pursuing recovery of these customers [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging macroeconomic environment but expressed confidence in the company's ability to navigate through it [4][13] - The company is suspending its full-year 2025 guidance due to uncertainties stemming from recent events and ongoing discussions with lenders [21] Other Important Information - The company is actively engaged in discussions with lenders for covenant relief and additional term loans to secure short-term liquidity [6][20] - A successful recapitalization transaction is expected to provide financial stability and improve the long-term capital structure [21] Q&A Session Summary - No questions were taken during the call, as the company focused on providing updates regarding its financial situation and strategic direction [22]

Financial Performance - Net sales increased by 2% year-over-year to $322 million in Q1 2025[11] - Value-Added Sales adjusted for FX & Deconsolidation decreased by 1% year-over-year to $171 million in Q1 2025[11] - Adjusted EBITDA was $25 million with a 15% Value-Added Sales margin in Q1 2025[11] - Content per wheel increased by 33% since 2019, reaching $49.90 in Q1 2025[11] - Total debt decreased by $113 million year-over-year to $517 million in Q1 2025[11] - Net loss was $12.9 million in Q1 2025, compared to a net loss of $32.7 million in Q1 2024[29] Strategic Actions and Outlook - The company is in advanced discussions to recapitalize its balance sheet, aiming to reduce net leverage to below 2.5x[13] - Term lenders are providing a $70 million commitment to support working capital and liquidity[13] - The company is suspending its 2025 guidance due to a challenging macro environment and recent volume losses in North America[12, 13] Tariff Impact and Quote Activity - Customers in the EU and North America are seeking localization due to China and Morocco tariffs[13] - The company has seen a record year-to-date quotation activity for > 60 million wheels, which is 2x compared to 2024[13]

Filed with the Securities and Exchange Commission on May 23, 2024 Registration No. 333-279223 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ZOOZ Power Ltd. (Exact Name of Registrant as Specified in Its Charter) State of Israel 3590 Not Applicable (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number ...

As filed with the Securities and Exchange Commission on August 23, 2023 Registration Nos. 333-xxxxxxxx UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Air T, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware (State or other jurisdiction of incorporation) 4513 (Primary Standard Industrial Classification Code Number) 52-1206400 (I.R.S. Employer Identification No.) 11020 David Taylor Drive, Suite 305, Ch ...