Company Overview and Strategy - Twin River Worldwide Holdings (TRWH) has evolved from a single property operator in 2013 to operating 10 casino properties across 5 states[16, 18] - TRWH is pursuing a strategy of growth and diversification through strategic and accretive M&A, including pending acquisitions of Bally's Atlantic City, Eldorado Shreveport, and others[11, 14, 61, 63] - TRWH maintains a prudent fiscal policy with total available liquidity of $490 million as of September 30, 2020[16] COVID-19 Impact and Operational Status - TRWH's casino properties were closed due to COVID-19, with reopening dates ranging from May 21, 2020, to June 17, 2020[15] - Current operations are subject to various restrictions, including occupancy limits (e g, 50% of building capacity) and limitations on slot machine usage (e g, 43% of slot units)[15] Financial Performance and Capital Allocation - The company has returned over $265 million of capital back to shareholders since inception through share repurchases and quarterly dividends[153] - TRWH repurchased 2.5 million shares for cash at $2950 per share in Q3 2019[155] - TRWH's regulatory structure in Rhode Island and Delaware results in higher Adjusted EBITDA to cash conversion, with ~86% in 2019 compared to an industry average of ~80%[151] Q3 2020 Financial Results - Revenue for Q3 2020 was $116624 million, compared to $129309 million in Q3 2019[171] - Net income for Q3 2020 was $6723 million, compared to $6999 million in Q3 2019[171] - Adjusted EBITDA for Q3 2020 was $38005 million, compared to $35598 million in Q3 2019[171]

Financial Performance - Q1 2025 Adjusted EBITDA reached $96.1 million, with an Adjusted EBITDA margin of 44.4%[8] - Total operating revenues for Q1 2025 were $216.6 million, a decrease of $46.5 million or 18% compared to $263.1 million in Q4 2024[13] - Net loss for Q1 2025 was $16.9 million, compared to a net income of $26.3 million in Q4 2024, representing a 164% change[13] Fleet and Contract Coverage - The company has 24 modern rigs in its fleet, with 22 rigs currently active[8] - Contract coverage for 2025 is at 79% with an average day rate of $147,000[8] - The company anticipates increasing contract coverage to 80-85% for the full year 2025[25] Liquidity and Debt - The company's liquidity stands at $320 million, including an undrawn revolving credit facility (RCF) of $150 million[8, 9] - Debt amortization is $135 million per annum[8] Market and Outlook - The company is on track to deliver a 2025 consensus Adjusted EBITDA of $460 million[25] - The company added $221 million in backlog revenue with 9 new commitments[16] - Average day rate for year-to-date 2025 contracting stats is $141,000[16]

Group 1 - Ag Growth International Inc. (AGI) announced a financing plan to issue $75 million in senior subordinated unsecured debentures, with a potential total of $86.25 million if the over-allotment option is fully exercised [2][3] - The net proceeds from the offering will be used to repay existing indebtedness under the company's senior operating credit lines, allowing for redrawing for general corporate purposes [4] - The debentures will bear an interest rate of 7.50% per annum, payable semi-annually, and will mature on June 30, 2030 [6] Group 2 - The company reaffirmed its 2025 outlook, including an Adjusted EBITDA guidance of at least $225 million for the full year and $50-$55 million for the second quarter [10][11] - AGI's international commercial growth strategy will be supported by this financing, enhancing flexibility to respond to growth opportunities in key international regions [5][21] - The company maintains a focus on responsible debt management and does not expect changes to overall debt levels or leverage ratios as a result of this announcement [5][21] Group 3 - The debentures will not be redeemable before June 30, 2028, except in the event of a change of control [7] - On redemption or maturity, AGI may satisfy its obligation by issuing common shares instead of cash [8] - The company has manufacturing facilities in multiple countries and distributes its products globally, indicating a strong market presence [12]

Merger Highlights - The proposed merger aims to create a larger multi-sector holding company, targeting inclusion in the Russell 2000 index[11] - The combined company, NewCo, projects $40 million in Adjusted EBITDA by 2030, a significant increase from the pro forma $6.4 million in 2024[11] - NewCo anticipates at least $2 million in annualized cost savings within 12 months, potentially generating approximately $0.57 in incremental pro-forma EPS[11] - NewCo expects to better utilize Hudson's Net Operating Losses (NOLs), with a potential value of $14.45 per pro-forma share[11] Strategic Rationale - The merger diversifies revenues for both Hudson and Star, creating pro-forma annualized revenues of $210 million, compared to $140.1 million and $53.4 million respectively in FY 2024[19] - The combined entity anticipates approximately $2 million in annualized savings from corporate overhead and public company costs[19] - Hudson has $240 million in usable US Federal NOLs, which NewCo can better utilize to shield more US taxable income[19] - The combined cash position of the companies was $23.3 million as of December 31, 2024, with Hudson holding $17.7 million and Star holding $5.6 million[19] Transaction Details - Hudson will acquire all outstanding common shares of Star, issuing 0.23 common shares of HSON for each common share of STRR[25] - Upon completion of the merger, Hudson shareholders will own approximately 79% stake in NewCo, and Star shareholders will own approximately 21%[25]

TABLE OF CONTENTS As filed with the U.S. Securities and Exchange Commission on May 21, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Jefferson Capital, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 6153 (Primary Standard Industrial Classification Code Number) 33-1923926 (I.R.S. Employer Identification Numb ...

Financial Performance - The company reported a strong FY2024 performance with consolidated revenue of $48.5 million and gross profit of $17.7 million [1] - Adjusted EBITDA was near break-even, while adjusted EPS was negative at $0.035 per share [1] Strategic Initiatives - The company plans to launch Business Insider Taiwan in 2025, indicating a focus on expanding its market presence [1] - There is an emphasis on acquisitive growth through mergers and acquisitions (M&A) [1] - The company is implementing an AI-based multilingualization strategy to enhance content reach into new markets [1] Company Overview - TNL Mediagene was formed in May 2023 through the merger of Taiwan's The News Lens Co. and Japan's Mediagene Inc., becoming a leading independent digital media group in the region [11] - The company operates original and licensed media brands in Japanese, Chinese, and English, covering various topics including news, business, technology, and lifestyle [11] - TNL Mediagene employs approximately 500 staff across Asia, with offices in Japan, Taiwan, and Hong Kong [11]

Financial Performance - Q1 2025 - Revenues reached $84 million[7] - Operating income was $234 million[7] - Net income amounted to $76 million[7] - Adjusted EBITDA stood at $522 million[7] - Available liquidity as of March 31, 2025, was $1008 million, including $673 million in cash and $335 million from an undrawn credit facility[7] Operational Highlights - Fleet utilization was 995%, or 969% overall when considering drydocking schedules for the Raquel Knutsen and Windsor Knutsen[7] - A cash distribution of $0026 per common unit was paid in May 2025[7] - The company is repaying debt at approximately $90+ million per year[8] Contractual and Fleet Updates - The contractual backlog expanded to $854 million of fixed contracts, averaging 23 years[8] - Charterers' options average an additional 47 years[8] - The fleet consists of 18 vessels with an average age of 98 years[8] - The Live Knutsen was purchased and the Dan Sabia was sold in a swap transaction with Knutsen NYK[9, 13]

Financial Performance - Total revenues were $60.6 million in 3Q25, a 28% year-over-year decrease compared to $84.0 million in 3Q24, primarily due to the Syngenta downpayment accrual in 3Q24[15, 17] - Net cash flow generated by operating activities reached $23.3 million in 3Q25, a $40.7 million improvement compared to the $(17.4) million in 3Q24, driven by efficiencies in working capital management[15, 24] - Operating profit was $0.9 million and net loss was $1.6 million, while Adjusted EBITDA was $9.0 million for the quarter[15] - Gross profit decreased by 44% year-over-year, from $42.6 million in 3Q24 to $23.8 million in 3Q25[20] Segment Performance - Crop Nutrition revenue decreased by 59%, Seed & Integrated Products revenue decreased by 19%, while Crop Protection revenue increased by 26%[17] - Crop Nutrition gross profit decreased by 72%, Seed & Integrated Products gross profit decreased by 17%, while Crop Protection gross profit decreased by 12%[20] - Crop Nutrition gross margin improved from 38% to 41% due to prioritization of high-margin proprietary adjuvants and bioprotection technologies[20] Balance Sheet and Cash Flow - Net debt decreased from $269.5 million in 1Q25 to $256.8 million in 2Q25 and further to $238.3 million in 3Q25[27] - Cash and equivalents increased from $31.2 million in 1Q25 to $39.3 million in 2Q25 and further to $217.4 million in 3Q25[27] Strategic Initiatives - Obtained EPA registration of RinotecTM insecticide and nematicide platform, a biological solution for integrated pest management[15] - Seed reorganization process is expected to result in annual savings of approximately $5 million[36]

Financial Performance - Auna's consolidated revenue for Q1 2025 was S/ 1,042 million, a decrease of 3% year-over-year, but an increase of 4% on a foreign exchange neutral basis[19] - Adjusted EBITDA for Q1 2025 was S/ 222 million, down 8% year-over-year, but up 1% on a foreign exchange neutral basis, with a margin of 214%[19] - Adjusted Net Income increased 15x year-over-year, marking the fifth consecutive quarter of positive Adjusted Net Income[48] - The leverage ratio remained flat at 36x[16] Segment Performance - Healthcare Services in Mexico saw a revenue decrease of 21% to S/ 243 million, impacted by new doctor/supplier standards[25] - Healthcare Services in Peru & Oncosalud Peru experienced a revenue increase of 10% to S/ 460 million[28] - Healthcare Services in Colombia reported a revenue decrease of 3% to S/ 339 million[34] Cash Flow and Debt - End-of-period cash decreased 15% compared to Q4 2024[54] - The company successfully offered an additional $621 million in aggregate principal amount of the 10000% senior secured notes due 2029 in May 2025[57] - Consolidated debt was S/ 3,735 million, with more than half in direct local currency funding and the remaining US$ debt 94% hedged to PEN[57]

Financial Data and Key Metrics Changes - For Q1 2025, consolidated revenue decreased by $4.9 million to $40.2 million compared to Q1 2024, primarily due to lower attendance across all markets and the closure of two cinemas [40][42] - The net loss attributable to Reading International Inc. for Q1 2025 was $4.8 million, a decrease of $8.5 million from a loss of $13.2 million in Q1 2024 [42] - Adjusted EBITDA increased by $6.9 million to $2.9 million in Q1 2025, compared to a negative EBITDA of $4 million in Q1 2024 [43] Business Line Data and Key Metrics Changes - Global cinema revenue for Q1 2025 was $36.4 million, down 12% from Q1 2024, representing just under 63% of pre-pandemic Q1 2019 levels [15][40] - Global real estate revenue decreased by 2% to $4.8 million, while operating income increased by 79% to $1.6 million, driven by improved live theater performance and reduced holding expenses [13][30] Market Data and Key Metrics Changes - The average exchange rates for the Australian and New Zealand dollars weakened against the U.S. dollar by 4.5% and 7.3% respectively compared to Q1 2024, impacting revenue [10][40] - The cinema industry faced challenges due to the underperformance of major film releases, notably Disney's Snow White, which affected box office results [9][40] Company Strategy and Development Direction - The company is focused on reducing debt and rebuilding operational cash flow, with plans for cinema renovations and upgrades in the U.S., Australia, and New Zealand [50][52] - Strategic initiatives include enhancing food and beverage offerings, expanding loyalty programs, and recalibrating occupancy costs with landlords to reflect current economic conditions [20][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for a stronger 2026 and beyond, citing an improving interest rate environment and a promising film slate for the upcoming summer and holiday periods [38] - The company acknowledged the challenges faced over the past five years but emphasized efforts to streamline operations and monetize real estate assets to support the cinema business [37][38] Other Important Information - The company completed the sale of its Wellington, New Zealand property for NZD 38 million, which helped reduce debt and interest expenses [5][45] - The company is working on selling its Cannon Park assets in Townsville, Australia, with an expected closing date of May 21, 2025 [8][47] Q&A Session Summary Question: What is your cinema CapEx forecast for 2025? - The company plans to convert 10 auditoriums to recliners and add a Titan Luxe screen in one U.S. theater, with additional upgrades planned for four other cinemas [50] Question: What are Reading's intermediate term plans for the Minetta Lane and Orpheum sites? - The focus is on reducing debt and maintaining cash flow, with ongoing reviews of asset values and potential future opportunities [52][54] Question: Do you expect to refinance the Santander loan? - Discussions are ongoing with Santander to extend the existing loan for another year, with expected interest rates remaining stable [55] Question: What steps will the company take to attract analysts and investors? - The company will participate in the Sidoti conference and host one-on-one meetings with potential shareholders, while maintaining contact with existing analysts [56]