Core Viewpoint - Bitfarms Ltd. has announced the pricing of a US$500 million offering of 1.375% convertible senior notes due 2031, with an option for initial purchasers to buy an additional US$88 million [1][2] Summary by Sections Convertible Notes Offering - The offering size was increased from the previously announced US$300 million to US$500 million, with a potential total of US$588 million if the option is fully exercised [1] - The offering is expected to close around October 21, 2025, subject to customary closing conditions [1] Terms of the Notes - The Convertible Notes will accrue interest at a rate of 1.375% per annum, payable semi-annually starting July 15, 2026, and will mature on January 15, 2031 [2] - The Company has the right to redeem the notes under certain conditions and must offer to repurchase them upon specific events [2] Conversion Features - The initial conversion rate is set at 145.6876 common shares per US$1,000 principal amount, equating to an initial conversion price of approximately US$6.86 per share, representing a 30% premium to the last reported price of US$5.28 [4] - The conversion rate may be adjusted under certain circumstances, and the Company can settle conversions in cash, shares, or a combination [4] Use of Proceeds - Net proceeds from the offering will be used for general corporate purposes and to cover costs associated with capped call transactions [5][7] Capped Call Transactions - The Company has entered into cash-settled capped call transactions to cover the number of common shares underlying the Convertible Notes, with a cap price of US$11.88 per share, a 125% premium to the last reported price [6][9] - These transactions aim to reduce potential economic dilution upon conversion of the notes [9] Company Overview - Bitfarms is a North American energy and digital infrastructure company focused on building and operating data centers for high-performance computing and Bitcoin mining, with a significant portion of its energy pipeline based in the U.S. [14][15]

Core Insights - Barton Gold Holdings Limited is targeting the commissioning of 'Stage 1' production by the end of 2026 [1] - The company has secured a $15 million placement led by Franklin Templeton, a major player in precious metals funds [1] - A Share Purchase Plan (SPP) is set to raise an additional $2.5 million at the same price as the placement [1] Financial Highlights - The placement and SPP price is set at $1.25 per share, reflecting a discount of 3.8% to Barton's last traded price of $1.30 on October 9, 2025, and a premium of 7.6% to the one-month VWAP of $1.16 [1] - After the completion of the placement and SPP, the estimated pro-forma cash balance will be $23 million [1] Project Developments - A Definitive Feasibility Study (DFS) is currently underway for the reinstatement of Barton's fully permitted Central Gawler Mill (CGM), which has JORC Mineral Resources of 194,000 ounces at 3.23 g/t Au [1] - Upgrade drilling is in progress on Tunkillia's 'Starter Pits', projected to yield approximately $1.3 billion in operating free cash during the first 2.5 years [1] - The company aims to complete a Pre-Feasibility Study (PFS) and submit a Mining Lease application by the end of the calendar year 2026 [1]

Thank you Gary Gensler for protecting me from being able to participate in the Limitless capital raise on KaitoI guess I will go put my money in significantly less risky investments with memecoins on the permissionless Solana blockchain ...

Group 1: Iraq's Oil Exports - Iraq's State Oil Marketing Organization (SOMO) has increased crude oil exports following the unwinding of OPEC+ production cuts, expected to generate hundreds of millions in additional revenue for the federal budget [3][4][8] - SOMO's director general indicated an increase of 200,000 barrels per day, with August's average exports at 3.38 million barrels per day and September's projected between 3.4 million to 3.45 million barrels per day [4][8] Group 2: North Korea's Nuclear Stance - North Korea's leader Kim Jong Un has reiterated the country's rejection of denuclearization, claiming its nuclear status is "irreversible" and offering conditional talks with the U.S. only if denuclearization demands are dropped [5][6][8] - South Korean President Lee Jae Myung expressed openness to a nuclear freeze deal, viewing it as a pragmatic interim measure amid North Korea's annual production of 15-20 new nuclear weapons [6][8] Group 3: Cosan's Capital Raise - Brazilian conglomerate Cosan (CSAN3) announced an agreement to raise up to 10 billion Reais to strengthen its capital structure and is seeking new investors for its Raizen joint venture with Shell [7][9][10] - This capital raise reflects Cosan's strategic initiatives to optimize its financial position and support future growth [10] Group 4: Citadel Securities' Market Expansion - Citadel Securities has expanded its operations into the corporate bond "gray market," allowing for quick trading of high-grade debt before official trading begins [11][12] - The firm, known for its significant daily trading volumes of approximately $652 billion, launched its "Grey Trading Panel" to capture new segments within fixed-income trading [12]

Financial Data and Key Metrics Changes - Fiscal 2025 was a record year for the company, with net income from continuing operations reaching $15.7 million in the fourth quarter, a significant improvement from a net loss of $0.6 million in the prior year period [4][18] - Book value per share increased by approximately 24% year over year to $2.65 as of June 30, with a pro forma value of $2.58 after two capital raises in July and August [6][19] - Revenue in the fourth quarter was $5.6 million, compared to $8.9 million in the prior year, but excluding a one-time property sale, revenue grew over 140% year over year [17] Business Line Data and Key Metrics Changes - The credit business, GECC, generated record investment income and incentive fees, with net investment income exceeding quarterly distributions, supporting a 6% increase in dividends to $0.37 per share [9] - Monomoy Construction Services (MCS) launched in February and contributed nearly $1 million in revenue in its initial months, with expectations to more than double its revenue in fiscal 2026 [11] - The Great Elm Credit Income Fund posted net returns of 21% for the six months ended June 30, driven by unrealized appreciation in CoreWeave-related investments [10] Market Data and Key Metrics Changes - Assets under management in fee-paying AUM totaled approximately $759 million, up 4% from the prior year [17] - The company completed over $100 million in capital raises across its credit and real estate platforms in July and August, enhancing its financial flexibility [4][9] Company Strategy and Development Direction - The company aims to scale its credit and real estate platforms, with a target of $1 billion in assets for Monomoy REIT and a potential future IPO [14] - Strategic partnerships, such as with Kennedy Lewis Investment Management, are expected to accelerate growth and provide significant new capital for expansion [13][15] - The integration of MCS is designed to enhance development timelines and deepen tenant relationships, contributing to long-term revenue growth [11] Management's Comments on Operating Environment and Future Outlook - Management views fiscal 2025 as an inflection point, with strong momentum and a solid foundation for future growth [5][16] - The company is well-positioned to drive meaningful growth and create lasting value for shareholders, supported by a strong balance sheet and strategic partnerships [6][16] Other Important Information - The board expanded the stock purchase program by $5 million, bringing the total to $25 million, with $15.7 million remaining in capacity [7] - The company reported significant unrealized gains from its CoreWeave-related investment, contributing over $11 million to earnings [8] Q&A Session Summary - There were no questions during the Q&A session, indicating a strong confidence in the company's performance and outlook [20]

Financial Data and Key Metrics Changes - Fiscal 2025 was a record year for the company, with net income from continuing operations reaching $15.7 million in the fourth quarter, a significant improvement from a net loss of $0.6 million in the prior year period [4][18] - Book value per share increased by approximately 24% year over year to $2.65 as of June 30, with a pro forma book value of $2.58 after two capital raises in July and August [6][19] - Adjusted EBITDA for the quarter was $1.5 million, compared to $1.2 million in the prior year period [18] Business Line Data and Key Metrics Changes - In the credit segment, GECC generated record investment income and incentive fees, raising over $75 million in new capital and increasing its dividend by 6% to $0.37 per share [4][9] - The Great Elm Credit Income Fund posted net returns of 21% for the six months ended June 30, driven by unrealized appreciation in CoreWeave-related investments [10] - The real estate segment launched Monomoy Construction Services, contributing nearly $1 million in revenue and expanding its project pipeline by over 50% [11] Market Data and Key Metrics Changes - Assets under management in fee-paying AUM totaled approximately $759 million, up 4% from the prior year quarter end [17] - The company completed significant capital raises, including a $100 million term loan to Monomoy REIT and a $15 million equity capital raise from GECC [13][16] Company Strategy and Development Direction - The company aims to scale its credit and real estate platforms, with a target of $1 billion in assets for Monomoy REIT and a potential future IPO [14] - Strategic partnerships, such as with Kennedy Lewis Investment Management, are expected to accelerate growth and enhance the company's real estate platform [12][14] Management's Comments on Operating Environment and Future Outlook - Management views fiscal 2025 as an inflection point, with strong momentum and a solid foundation for future growth [5][16] - The company is well positioned to drive meaningful growth and create lasting value for shareholders, supported by a strong balance sheet and strategic capital raises [6][16] Other Important Information - The company repurchased 5.1 million shares for $9.3 million at an average of $1.85 per share, with $15.7 million remaining in the stock purchase program [7] - Unrealized gains from the CoreWeave-related investment contributed over $11 million to earnings, highlighting the company's ability to capture unique investment opportunities [8] Q&A Session Summary - There were no questions during the Q&A session, indicating a strong presentation and clarity in the company's communication [20]

Summary of Alligator Energy Limited Extraordinary General Meeting Company Overview - **Company**: Alligator Energy Limited - **Industry**: Uranium exploration and development Key Points from the Meeting Capital Raise and Project Development - The company successfully raised capital in June 2025, providing funds to progress the Sandfire project from exploration to early development, and to cover future working capital and business development initiatives [3][5][31] - The meeting was held to consider two resolutions related to the capital raise: refreshing the company's 15% placement capacity and issuing options for shares [3][20] Resolutions and Voting Results - **Resolution 1**: Ratification of the prior share placement of 556,451,620 shares at an issue price of $0.031 per share. The resolution received 95.72% votes in favor [9][29] - **Resolution 2**: Approval to issue up to 278,225,810 options with an exercise price of $0.047, expiring two years from issuance. This resolution received 95.54% votes in favor [20][30] Shareholder Concerns - A shareholder raised concerns about the lack of a retail shareholder offer and questioned the 6% fees paid to joint lead managers for the capital raise. The company explained that institutional interest required a quick placement and that the fee is standard for companies of its size and risk profile [10][12][14][16] Project Updates - The environmental protection and rehabilitation program for the field recovery trial was approved, allowing the company to mobilize construction teams to the site [38] - Mobilization is expected to take up to six weeks, with drilling and logging crews set to begin work shortly [39] - The field recovery trial aims to confirm economic parameters and uranium recovery rates, which are critical for the project's feasibility study [40][41] - The company plans to apply for a mining lease and commence federal government approval processes in the coming months [42] Future Plans - The company intends to conduct a reconnaissance trip to the Big Lake project to assess flood impacts and plans for a drilling program around October-November [44][45] - The management is optimistic about upcoming news flow and results from ongoing projects [45] Additional Important Information - The company emphasized the importance of the field recovery trial as a major milestone in derisking future activities [41] - The company will keep the market updated on the progress of the trial and other developments [43][45]

UK battery developer Harmony Energy is planning a capital raise as it pushes into new markets in Europe https://t.co/suLV3ys1uP ...

Core Insights - Tobin Scientific has successfully closed a significant capital raise to support its growth phase, led by Denali Growth Partners and Truck 9 Partners, with financing from Eastern Bank [1][5][6] Company Overview - Tobin Scientific is a leading provider of cGMP storage, biorepository services, and specialized logistics for the life sciences industry, recognized for its white-glove approach to biopharma logistics [4][8] - The company operates over 365,000 square feet of cold chain and ambient warehouse space, offering a robust portfolio of specialized transportation and storage services [4] Growth Strategy - The capital raised will be utilized to expand cGMP-compliant storage and logistics capacity, broaden geographic presence in key pharmaceutical hubs, and support targeted M&A initiatives across the life sciences supply chain [1][5] - The investment is aimed at building critical infrastructure to support clients throughout the R&D and manufacturing lifecycle, from discovery to commercialization [5] Financial Partners - Denali Growth Partners and Truck 9 Partners are leading the minority growth equity investment, while Eastern Bank is providing a comprehensive financing package [1][5][9] - Eastern Bank, with approximately $25.0 billion in assets as of March 31, 2025, is committed to supporting Tobin Scientific's strategic growth initiatives [10] Leadership and Vision - The executive management team at Tobin Scientific remains unchanged, emphasizing continuity in leadership during this growth phase [1] - The CEO, Brian Tobin, highlighted the investment as a testament to the dedication and expertise of the team, reinforcing the company's commitment to high service standards [5]