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Lesaka(LSAK) - 2025 Q3 - Earnings Call Transcript
2025-05-08 13:02
Lesaka Technologies (LSAK) Q3 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Phillipe Welthagen - ED & Investor RelationsDan Smith - Group CFOSteven Heilbron - Head of Mergers, Acquisitions & Corporate DevelopmentLincoln Mali - CEO of Southern Africa & DirectorNaeem Kola - Group COOAli Mazanderani - Executive Chairman Phillipe Welthagen Welcome to Lusarcatec's webcast for the third quarter of fiscal twenty twenty five. As a reminder, the webcast is being recorded and the presentation can b ...
Lesaka(LSAK) - 2025 Q3 - Earnings Call Transcript
2025-05-08 13:00
Lesaka Technologies (LSAK) Q3 2025 Earnings Call May 08, 2025 08:00 AM ET Speaker0 Welcome to Lusarcatec's webcast for the third quarter of fiscal twenty twenty five. As a reminder, the webcast is being recorded and the presentation can be accessed through the webcast link provided. Management will address any questions you may have at the end of the presentation. Participants, please enter your questions into the questions section of this webcast. The webcast link as well as our press release and investor ...
Newly Appointed Safe Harbor Financial CEO Terry Mendez Issues Letter to Shareholders
Newsfilterยท 2025-03-11 12:30
Core Viewpoint - Safe Harbor Financial, under the leadership of newly appointed CEO Terry Mendez, aims to leverage its position as a fintech leader in the regulated cannabis industry to develop innovative financial solutions that address industry-specific challenges [1][2]. Group 1: Company Overview - Safe Harbor has processed over $25 billion in cannabis-related funds through its network of partner banks, marking a significant achievement in its 10-year history [3]. - The company provides compliance, monitoring, and validation services to financial institutions, facilitating traditional banking services for cannabis-related businesses across more than 41 states and U.S. territories [10]. Group 2: Financial Strategy - Safe Harbor successfully negotiated a debt modification with Partner Colorado Credit Union (PCCU), unlocking over $6 million in cash and extending the due date to October 2030 while maintaining a 4.25% interest rate [4]. - This debt modification reflects PCCU's confidence in Safe Harbor's strategy and enhances the company's financial flexibility to pursue growth opportunities [4]. Group 3: Future Plans - The long-term vision for Safe Harbor is to transform from a specialized banking services provider into a multi-faceted fintech platform, leveraging industry relationships and regulatory expertise to create greater value for clients and shareholders [9]. - A Special Shareholder Meeting is scheduled for March 13, 2025, to discuss the company's go-forward strategy and a proposal for a reverse stock split to comply with Nasdaq listing requirements [5][6].