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Sonnet BioTherapeutics Holdings, Inc. Announces Adjournment of Special Meeting
Globenewswire· 2025-11-18 14:00
PRINCETON, N.J., Nov. 18, 2025 (GLOBE NEWSWIRE) -- Sonnet BioTherapeutics Holdings, Inc., (NASDAQ: SONN) (“Sonnet” or the “Company”) today announced that it has adjourned its special meeting of stockholders (the “Special Meeting”) in order to provide stockholders additional time within which to vote on its proposed business combination (the “Business Combination”) with Hyperliquid Strategies Inc (“HSI”) and Rorschach I LLC (“Rorschach”), and the other proposals to be considered at the special meeting. As of ...
Signing Day Sports Announces Selected Financial Results for Quarter Ended September 30, 2025, and Provides Business Update
Globenewswire· 2025-11-12 21:30
Core Insights - Signing Day Sports, Inc. reported selected financial results for the quarter ended September 30, 2025, highlighting a focus on improving operational efficiency and reducing expenses despite lower revenues compared to the previous year [1][4]. Financial Highlights - Total assets as of September 30, 2025, were approximately $1.0 million, with accounts payable decreasing by 64.9% from December 31, 2024 [3]. - Cash and cash equivalents increased to approximately $216 thousand, up from approximately $181 thousand at the end of 2024 [3]. - Revenue for the quarter totaled approximately $31 thousand, down from $55 thousand in Q3 2024, attributed to lower event fee payments [8]. - Cost of revenues was approximately $9 thousand, a decrease from $30 thousand in the prior-year period, mainly due to reduced product and apparel-related costs [8]. - General and administrative expenses were approximately $887 thousand, down 39% from $1.46 million in Q3 2024, resulting from lower legal fees, stock-based compensation, insurance, and travel expenses [8]. - Net loss for the quarter was approximately $566 thousand, significantly reduced from approximately $1.6 million in the prior year, due to lower costs [8]. Business Update - The CEO expressed confidence in the proposed business combination with One Blockchain LLC, viewing it as a transformational opportunity to enhance the company's technology-driven sports recruitment platform [4]. - The successful launch of basketball recruitment in Q3 and the upcoming national football combine in Q4 are expected to drive growth and innovation [4].
Presidio Petroleum to Participate in TD Cowen's 2nd Annual Energy Conference
Globenewswire· 2025-11-10 21:48
Research Analyst-hosted Fireside Chat to be webcasted on November 19th Fort Worth, TX, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Presidio Investment Holdings, LLC (“PIH”), a differentiated oil and gas operator focused on the optimization of mature, producing oil and natural gas assets in the United States, and EQV Ventures Acquisition Corp. (NYSE: FTW) (“EQV”), a special purpose acquisition company sponsored by EQV Group, an experienced acquirer and producer of oil and gas, announced today that members of its leade ...
PEDEVCO (NYSEAM:PED) Earnings Call Presentation
2025-11-05 16:30
Transaction Overview - PEDEVCO and Juniper have merged, creating a Rockies-focused company poised for growth [11, 26] - Juniper and its affiliates will own approximately 53% of the pro forma shares after conversion, while existing PEDEVCO shareholders will own about 47% [15] - The merger is funded via an expanded $250 million reserve-based lending (RBL) facility, with an initial $120 million borrowing base [15] Pro Forma Company Highlights - The combined company boasts over 328,000 net acres, primarily in the DJ Basin and Powder River Basin [14] - Second quarter of 2025 net production reached 7,404 Boepd, a roughly 388% increase compared to PEDEVCO alone [13] - Liquids account for approximately 88% of the pro forma company's production [13] - Last Twelve Months (LTM) EBITDA is approximately $96 million [13] Financial Position - Pro forma net leverage is approximately 0.8x LTM EBITDA [14] - The company has $87 million in debt and $43 million in liquidity [47] - $35 million in new equity was provided by existing and new members of PEDEVCO management and Juniper [15]
SM Energy Company (NYSE:SM) Earnings Call Presentation
2025-11-03 13:00
Transaction Overview - The transaction represents an enterprise value of approximately $12.8 billion[10] - The deal is a stock-for-stock transaction with an exchange ratio of 1.45 shares of SM Energy for each Civitas share[10] - Pro forma ownership will be 48% for SM Energy and 52% for Civitas[10, 12] Scale and Production - The combined company will have approximately 823,000 net acres[13] - Q2'25 net production is estimated to be 526 Mboe/d[13] - Year-end 2024 estimated net proved reserves are 1,476 MMBoe[13] Synergies and Financial Impact - The merger is expected to generate annual run-rate synergies of approximately $200 million to $300 million by 2027[30, 42] - The synergies are expected to come from overhead/G&A, D&C/Operational costs, and cost of capital[30] - The combined company aims to achieve a net leverage ratio of 1.0x by year-end 2027[32] Capital Allocation - The company plans to maintain a sustainable quarterly fixed dividend of $0.20 per share[35]
Voyageur Mineral Explorers Corp. and Evolve Strategic Element Royalties Ltd. Announce Voting Results from their Special Meetings of Shareholders
Globenewswire· 2025-10-30 22:30
Core Points - Voyageur Mineral Explorers Corp. and Evolve Strategic Element Royalties Ltd. have successfully completed shareholder votes for their business combination through a "three-cornered" amalgamation [1][3] - The Voyageur Meeting saw 99.978% of votes in favor of a share consolidation and 100% in favor of a name change to "Evolve Royalties Ltd." [2] - Evolve Shareholders also voted unanimously in favor of the amalgamation with Voyageur Subco [3] Voyageur Mineral Explorers Corp. - Voyageur is a Canadian junior mineral exploration company focused on mineral properties in Northwest Manitoba and Northeast Saskatchewan [5] - The company holds royalties in the Flin Flon greenstone belt, including a net tonnage royalty on Foran Mining Corporation's McIlvenna Bay Project and NSR on other deposits [5] Evolve Strategic Element Royalties Ltd. - Evolve is a private strategic metals royalty company aiming to apply the royalty and streaming model to next-generation strategic mines [6] - The company's royalty portfolio includes a 0.51% net profit interest on Teck Resources' Highland Valley Copper Operation and various NSR royalties on other mining projects [6][7] Business Combination Details - The completion of the business combination is subject to certain closing conditions, including approval from the Canadian Securities Exchange [4] - Voyageur intends to obtain approval for the business combination through written consent from its majority shareholder [3]
HCM II Acquisition Corp. Shareholders Approve Business Combination with Terrestrial Energy
Globenewswire· 2025-10-20 21:37
Core Points - HCM II Acquisition Corp. has received shareholder approval for its business combination with Terrestrial Energy Inc., a developer of small modular Generation IV nuclear plants utilizing proprietary Integral Molten Salt Reactor (IMSR) technology [1][2] - The closing of the business combination is anticipated on or about October 27, 2025, with trading on Nasdaq commencing on October 28, 2025, under the symbols "IMSR" and "IMSRW" [2] Company Overview - Terrestrial Energy focuses on developing Generation IV nuclear plants that leverage IMSR technology, which offers benefits in capital efficiency, cost reduction, and versatility for various industrial applications [3] - The IMSR plants are designed to provide low-cost, reliable, and clean energy, extending the application of nuclear energy beyond traditional electric power markets [3] - The company aims to support energy demand growth and decarbonization efforts, with plans to license and commission the first IMSR plants for operation in the early 2030s [3] HCM II Acquisition Corp. Overview - HCM II is a special-purpose acquisition company (SPAC) formed to pursue business combinations with established companies poised for growth [4] - The management team includes Shawn Matthews as Chairman and CEO, and Steven Bischoff as President and CFO [5]
Mines d'Or Orbec Signs Agreement to Be Acquired by IAMGOLD Corporation
Newsfile· 2025-10-20 13:17
Core Viewpoint - IAMGOLD Corporation has agreed to acquire all issued and outstanding common shares of Mines d'Or Orbec Inc. through a court-approved plan of arrangement, providing immediate value to Orbec shareholders [1][2][3] Transaction Details - Orbec shareholders will receive C$0.125 per share, consisting of C$0.0625 in cash and 0.003466 IAMGOLD shares, valuing the total equity at approximately C$18.1 million, representing a 25% premium over the closing price on October 17, 2025 [2][5] - IAMGOLD currently holds approximately 6.70% of Orbec's outstanding shares [2] - The transaction will require approval from at least 66 2/3% of Orbec shareholders and a simple majority excluding certain related parties [9][10] Strategic Implications - The acquisition positions the Muus Project alongside IAMGOLD's Nelligan and Monster Lake Projects, enhancing the significance of the gold land package in Quebec's Chibougamau district [7] - Orbec shareholders will benefit from IAMGOLD's financial strength and exploration upside through IAMGOLD's larger regional program [7][8] Financial Arrangements - IAMGOLD will provide an unsecured convertible debenture of C$500,000 to Orbec for working capital, which can be converted into Orbec shares at a future date [12] - The transaction includes provisions for in-the-money options and warrants, with specific cash payments for their surrender [5][10] Project Overview - The Muus Project spans approximately 24,979 hectares and is located near significant mineralized zones, indicating substantial exploration potential [14]
United States Antimony Corporation Submits Indicative Proposal to Acquire 100% of Larvotto Resources Limited Located in Australia
Accessnewswire· 2025-10-19 21:30
Core Viewpoint - The proposed acquisition of Larvotto Resources Limited by United States Antimony Corporation aims to create one of the largest antimony producers outside of China, enhancing the company's position in the critical minerals market [1]. Group 1: Acquisition Details - United States Antimony Corporation has submitted a confidential, non-binding proposal to acquire 100% of the share capital of Larvotto Resources Limited [1]. - The proposal includes a scheme of arrangement under the Australian Corporations Act 2001 [1]. - Larvotto shareholders would receive six (6) USAC shares for every one hundred (100) Larvotto shares, indicating a significant premium compared to Larvotto's last equity capital raise and recent stock trading prices [1].