Company Overview - Broadway Technology Inc ("Gaokai") is a leading manufacturer of high-quality PET (polyethylene terephthalate) cups and lids through its subsidiary Zhejiang Gaokai New Materials Co., Ltd [1] - Established in 2021, Gaokai specializes in customized PET products used in various packaging markets, including aviation, yogurt, juice, fruit tea, coffee, and cold beverages [3] - The company operates within a PET industrial park in Haining, Zhejiang Province, facilitating the sourcing and development of advanced PET raw materials [3] Competitive Advantages - Gaokai's core competitive advantages include stable and high-performance raw PET materials, comprehensive upstream sheet manufacturing capabilities, advanced equipment, and automated production lines [4] - The company offers extensive PET cup customization services, including advanced printing technology for custom logos, sizes, and shapes [4][5] Business Combination Details - Gaokai is set to merge with Quartzsea Acquisition Corporation, a publicly traded special purpose acquisition company, under a Merger Agreement [1][2] - Upon completion of the transaction, Gaokai will become a wholly owned subsidiary of Cuisine Universal Packaging Solution, which will be listed on Nasdaq under the ticker symbol "CUPS" [2][6] - The transaction has been unanimously approved by the boards of directors of both Quartzsea and Gaokai and is subject to regulatory approvals and shareholder approvals [7] Transaction Terms - Under the Merger Agreement, Gaokai's shareholders will receive ordinary shares of Cuisine Universal, with certain shares subject to lock-up agreements for 180 days post-transaction [6] - The transaction is contingent upon the effectiveness of a registration statement by the U.S. Securities and Exchange Commission (SEC) and Nasdaq's approval of the listing application [7]

Core Viewpoint - Globalink Investment Inc. has extended the deadline for its initial business combination by depositing $0.15 per public share into its trust account, marking the twenty-fourth extension since its IPO in December 2021 [1] Company Overview - Globalink is a special purpose acquisition company (SPAC) formed to pursue mergers, share exchanges, asset acquisitions, and similar business combinations without restrictions on industry or geographic region [2] - The company intends to target businesses in North America, Europe, Southeast Asia, and Asia (excluding China, Hong Kong, and Macau) specifically in the medical technology and green energy sectors [2]

Core Viewpoint - 180 Degree Capital Corp. is progressing with its proposed all-stock merger with Mount Logan Capital Inc., with expectations to seek shareholder approval in the third quarter of 2025 [1][3][5] Financial Statements and Regulatory Filings - An amended preliminary proxy statement was filed on May 6, 2025, containing audited financial statements of Mount Logan, converted to U.S. GAAP from IFRS to meet SEC requirements [2] - Yukon Parent, the legal acquirer in the merger, filed an amended registration statement on Form S-4 to register the issuance of shares to shareholders of both companies [2] SEC Review Process - Both the proxy statement and Form S-4 are undergoing the standard SEC review process, with plans to set record and meeting dates for a special shareholder meeting once SEC comments are cleared [3] - The company aims to commence the proxy solicitation process and hold the special meeting for shareholder voting during the third quarter of 2025 [3] Stock Performance and Market Context - Since the announcement of the proposed merger, 180 Degree Capital's common stock price has increased by 5.6%, contrasting with a 4.9% decline in the Russell Microcap Index [4] - The company believes that transitioning to an operating company will establish its net asset value as a price floor rather than a ceiling, which is typical for closed-end funds [4] Shareholder Support and Voting Agreements - Approximately 14% of non-insider shareholders have signed voting agreements or provided non-binding indications of support for the merger [5] - The voting agreement represents the entirety of the agreement related to the Business Combination, with no separate agreements with those providing non-binding support [5] Company Overview - 180 Degree Capital Corp. is a publicly traded closed-end fund focused on investing in undervalued small public companies, aiming for significant turnarounds through constructive activism [6]

TORONTO, June 04, 2025 (GLOBE NEWSWIRE) -- BWR Exploration Inc. (BWR.V TSX.V) (“BWR”), is pleased to announce that as per the previously announced Bridge Financing regarding a proposed business combination with Electro Metals and Mining Inc. (“Electro”), a federally registered private company, both companies have raised $240,000, surpassing the minimum aggregate amount needed as a condition of the proposed business combination as announced on December 27, 2024. Private Placements It was a condition of compl ...

Core Viewpoint - Titan Pharmaceuticals, Inc. is moving forward with a proposed merger with TalenTec Sdn. Bhd., as indicated by the filing of a registration statement on Form F-4 with the SEC [1][2]. Group 1: Merger Details - The merger between Titan and TalenTec is structured as a "reverse merger" transaction, following a Merger Agreement established on August 19, 2024 [1]. - The Business Combination is subject to approval by Titan stockholders and is expected to close in the third quarter of 2025, although this timeline is not guaranteed [3]. Group 2: Regulatory Filings - Black Titan Corporation, the holding company for the merger, has filed the registration statement on Form F-4, which includes a preliminary proxy statement/prospectus [2][4]. - Once the registration statement is effective, a definitive Proxy Statement/Prospectus will be sent to Titan's stockholders for their vote on the Business Combination [4]. Group 3: Participant Information - Titan, TalenTec, and their respective management may be considered participants in the solicitation of proxies from Titan's stockholders regarding the merger [5]. - Detailed information about the officers and directors of both companies will be included in the registration statement and the Proxy Statement/Prospectus [5].

Core Points - Oak Woods Acquisition Corporation received a delinquency notification from Nasdaq due to the delayed filing of its Quarterly Report on Form 10-Q for the period ended March 31, 2025 [1] - The Company has 60 calendar days to submit a compliance plan, with a potential extension of up to 180 days to regain compliance [2] - The Company is in the final stages of completing its 10-Q and is working with its auditors to finalize the report [3] Company Background - Oak Woods Acquisition Corporation is a blank check company aimed at merging or acquiring businesses [4] - The Company has extended the deadline for completing a business combination multiple times, with the latest extension allowing until September 28, 2025 [6] - As of May 30, 2025, the Company has deposited $172,500 into its Trust Account to extend the time for completing its initial business combination until June 28, 2025 [7]

Core Points - Digital Asset Acquisition Corp. announced that holders of its initial public offering units can separately trade Class A ordinary shares and warrants starting June 2, 2025 [1] - The initial public offering consisted of 17,250,000 units, including 2,250,000 units from the underwriters' overallotment option [1] - The Class A ordinary shares and warrants will trade under the symbols "DAAQ" and "DAAQW" respectively, while unseparated units will continue to trade under "DAAQU" [1] Company Overview - Digital Asset Acquisition Corp. is a blank check company aimed at merging, amalgamating, or acquiring businesses, particularly in the digital asset and cryptocurrency sectors [4] - The company is open to pursuing initial business combinations across various industries, sectors, or geographic regions [4]

Core Insights - VERAXA Biotech AG is preparing for a NASDAQ listing and is showcasing its Bi-targeted Tumor-Associated Cytotoxicity (BiTAC) platform at major industry conferences [1][2][7] - The company is focused on developing dual-target oncology therapies with reduced off-tumor toxicity and is currently pursuing nine discovery and development programs [2][6] - Voyager Acquisition Corp. is acting as the special purpose acquisition company (SPAC) for VERAXA's business combination, with Cantor Fitzgerald providing capital markets advisory services [3][8] Conference Participation - VERAXA will attend the ASCO Annual Meeting from May 30 to June 3, 2025, in Chicago, IL, where key executives will be available for meetings [4] - The BIO International Convention will take place from June 16 to 19, 2025, in Boston, MA, with opportunities for stakeholders to connect with VERAXA's leadership [5] Business Combination Details - A definitive business combination agreement was signed on April 22, 2025, between VERAXA and Voyager Acquisition Corp., which will lead to VERAXA becoming publicly traded on NASDAQ [7] - The transaction is supported by Anne Martina Group as the M&A advisor [7] Company Overview - VERAXA is focused on next-generation antibody-based therapeutics, including bispecific antibody-drug conjugates (ADCs) and T-cell engagers (TCEs), leveraging transformative technologies [6] - The company was founded on scientific breakthroughs from the European Molecular Biology Laboratory, emphasizing its commitment to innovative life science research [6]

Core Viewpoint - ESGL Holdings Limited is pursuing a business combination with De Tomaso Automobili to enhance long-term shareholder value through the acquisition of a prestigious luxury performance brand [1]. Group 1: Business Combination Details - The Extraordinary General Meeting (EGM) for voting on the proposals related to the business combination is scheduled for June 10, 2025 [2]. - Upon completion, ESGL will be renamed OIO Holdings Limited and will trade on Nasdaq under the new tickers "OIO" for ordinary shares and "OIOWW" for warrants [2]. Group 2: Strategic Importance - De Tomaso's P72 and P900 hypercars are in high demand among top-tier collectors, indicating strong financial performance potential due to limited production and high pricing power [3]. - The acquisition represents a strategic expansion for ESGL from industrial sustainability into the ultra-luxury consumer sector [3]. - The structure of the combined company is designed for growth, featuring long-term shareholder alignment and performance-based earnouts [3]. Group 3: Company Backgrounds - ESGL Holdings Limited specializes in sustainable circular solutions across chemicals, electronics, and manufacturing sectors, focusing on transforming waste into high-value products [5]. - De Tomaso Automobili, founded in 1959, is known for its blend of Italian design and motorsport heritage, aiming to create emotionally resonant vehicles for a new generation [6].

MONTCLAIR, N.J., May 19, 2025 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) today issued the following Q1 2025 Shareholder Letter: Fellow Shareholders, As discussed in our press release issued on April 14, 2025, we ended the first quarter of 2025 with a net asset value per share ("NAV") of $4.42. We are pleased with our performance in Q1 2025, that we believe favorably positions 180 Degree Capital as we continue to make progress on the steps required to complete our proposed Business Combinatio ...