Going Concern
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EMGS: Going Concern & Capital Structure
Globenewswire· 2026-01-02 06:30
Core Viewpoint - Electromagnetic Geoservices ASA (EMGS) is facing a need for additional funding to sustain operations and is exploring various restructuring options to preserve stakeholder value [1][2]. Financial Situation - The company has outstanding interest-bearing debt of USD 19.5 million under the convertible bond issue EMGS03, and the current capital structure is deemed unsustainable based on activity levels and outlook [2]. - The company is evaluating the potential conversion of the EMGS03 convertible bonds into new equity, which could lead to significant dilution for existing shareholders if executed at or below the current market price [3]. Strategic Alternatives - EMGS is assessing all available strategic and financial alternatives, including the possibility of a full conversion of the EMGS03 bonds, although there is no guarantee of obtaining the necessary consent from bondholders for such a resolution [4]. - Even if a conversion is successfully completed, it may not be sufficient to establish a financially sustainable long-term solution for the company [4]. Company Overview - EMGS is a leader in the marine electromagnetic (EM) market, utilizing proprietary technology to assist oil and gas companies in offshore hydrocarbon exploration [7]. - The company's services enhance exploration efficiency and reduce finding costs per barrel by integrating EM data with seismic and geological information [7].
Better Choice pany (BTTR) - Prospectus(update)
2025-12-10 22:02
As filed with the Securities and Exchange Commission on December 10, 2025 Registration No. 333-291262 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SRx HEALTH SOLUTIONS, INC. (Exact name of registrant as specified in its charter) (STATE OR OTHER JURISDICTION OF INCORPORATION OR ORGANIZATION) DELAWARE 5961 83-4284557 (PRIMARY STANDARD INDUSTRIAL CLASSIFICATION CODE NUMBER) (I.R.S. EMPLOYER IDENTIFICA ...
MEDIAON GROUP INC.(MEON) - Prospectus(update)
2025-12-03 22:58
As filed with the Securities and Exchange Commission on December 3, 2025. Registration No. 333-291907 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Amendment No. 1 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 MediaOn Group Inc. (Exact name of registrant as specified in its charter) Not Applicable (Translation of Registrants name into English) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Cayman Islands 7311 Not Applicable Identific ...
Orion Properties: About That Going Concern Statement
Seeking Alpha· 2025-12-01 17:12
Group 1 - The article discusses the analysis of oil and gas companies, focusing on identifying undervalued names within the sector, including their balance sheets, competitive positions, and development prospects [1] - Orion Properties (ONL) has a going concern statement in its financials, indicating elevated risk, which may deter conservative investors [2] - The oil and gas industry is characterized as a boom-bust, cyclical sector, requiring patience and experience for successful investment [2] Group 2 - The investing group Oil & Gas Value Research seeks under-followed oil companies and out-of-favor midstream companies that present compelling investment opportunities [2] - The group includes an active chat room for investors to discuss recent information and share ideas related to oil and gas investments [2]
Unaudited interim results for the three and nine-month periods ended 30 September 2025
Globenewswire· 2025-11-28 06:30
Core Insights - Serabi Gold plc reported strong financial and operational performance for the nine months ending September 30, 2025, with significant increases in gold production, EBITDA, and cash inflow compared to the same period in 2024 [5][6][10]. Financial Performance - Gold production increased by 19% year-on-year, totaling 32,634 ounces for the nine-month period [4][8]. - EBITDA rose by 95% to $48.2 million, driven by higher gold prices and production volumes [4][6]. - Cash inflow from operations reached $34.3 million, an 88% increase from the previous year [4][6]. - Earnings per share (EPS) increased by 96% to 46.10 cents [4][9]. - The average gold price received was $3,244 per ounce, compared to $2,338 in the same period of 2024 [8][13]. Cost Metrics - All-In Sustaining Cost (AISC) averaged $1,816 per ounce, reflecting a slight increase of 1% from the previous year [4][15]. - Cash cost per ounce was $1,429, up from $1,405 in 2024 [15]. Cash and Balance Sheet - The company ended the quarter with a cash balance of $38.8 million, up from $22.2 million at the end of 2024 [6][8]. - Net cash at quarter-end was $33.0 million, an increase from $24.6 million in Q2 2025 [8][11]. Operational Developments - Exploration and resource development drilling continued, with approximately 27,937 meters completed year-to-date, aiming to increase resources to the 1.5-2.0 million ounces range [9][10]. - The ore sorter at Coringa has been operational for nine months, processing low-grade ore and exceeding production expectations [12]. Future Outlook - The company remains well-positioned for continued growth into 2026, supported by strong cash generation and a solid balance sheet [10].
Elevai Labs(ELAB) - Prospectus(update)
2025-10-15 20:47
As filed with the U.S. Securities and Exchange Commission on October 15, 2025. Registration No. 333-290428 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO REGISTRATION STATEMENT ON FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PMGC HOLDINGS INC. (Exact name of registrant as specified in its charter) (State or Other Jurisdiction of Incorporation or Organization) Nevada 5912 33-2382547 (Primary Standard Industrial (I.R.S. Employer Classification Co ...
Portsmouth Square, Inc. Announces FY2025 Results; Going-Concern Doubt Alleviated Following March 2025 Hotel Refinancing and Strong Operating Trends
Globenewswire· 2025-10-09 21:21
Core Viewpoint - Portsmouth Square, Inc. has reported improved financial performance for the fiscal year ended June 30, 2025, alleviating previous concerns about its ability to continue as a going concern due to successful hotel refinancing and enhanced operating results [1][6]. Financial Performance - Hotel revenue increased to $46,363,000, a 10.7% rise compared to $41,886,000 in FY2024 [6]. - Hotel operating expenses rose to $37,631,000, reflecting a 4.1% increase from $36,139,000 [6]. - The company reported a net loss of $9,110,000, an improvement of 19.9% from a loss of $11,375,000 in the previous year [6]. - Adjusted EBITDA reached $7,259,000, a significant increase of 128.5% year-over-year [5][6]. Operational Metrics - Average occupancy rate improved to 92%, up 10 percentage points (12.2%) from 82% [6]. - Average Daily Rate (ADR) was $218, a slight increase of 0.5% from $217 [6]. - Revenue per Available Room (RevPAR) increased to $200, marking a 13.0% rise from $177 [6]. Renovation and Upgrades - The hotel completed a comprehensive renovation in June 2024, which contributed to full room availability throughout FY2025, positively impacting performance [6]. - Hotel capital improvements decreased to $2,252,000 from $4,078,000 in FY2024, reflecting a 44.8% reduction [6]. Liquidity and Market Position - Cash and equivalents as of June 30, 2025, were $11,722,000, a 145.5% increase from $4,775,000 [6]. - The company emphasized liquidity in its operations and maintained a modest activity level in marketable securities [4]. Management Commentary - The President highlighted the successful execution of hotel operations and the importance of guest experience in driving performance [4]. - The CEO expressed optimism regarding the recovery in San Francisco and the company's competitive positioning as business travel normalizes [4]. Company Overview - Portsmouth Square, Inc. owns the Hilton San Francisco Financial District, a 544-room full-service hotel, and operates under a franchise license with Hilton through 2030 [9].
NANOBIOTIX Provides Business Update and Reports Half Year 2025 Financial Results
Globenewswire· 2025-09-30 20:15
Core Insights - NANOBIOTIX reported significant operational progress and financial results for the first half of 2025, highlighting a strong increase in revenue and a reduction in net loss compared to the previous year [1][6]. Operational Highlights - The clinical development program for JNJ-1900 (NBTXR3) is gaining momentum, with the first patient dosed in the CONVERGE study for Stage 3 unresectable non-small cell lung cancer [4]. - Regulatory harmonization has been achieved, reclassifying JNJ-1900 (NBTXR3) from a medical device to a drug in major European countries [4]. - The company is actively pursuing non-dilutive financing to extend its cash runway beyond mid-2026 [4][11]. Financial Results - Revenue and other income for the six months ended June 30, 2025, increased to €26.6 million from €9.3 million in the same period of 2024, largely due to a positive non-cash revenue impact of €21.2 million from a J&J amendment [2]. - R&D expenses decreased to €14.5 million from €22.0 million year-over-year, primarily due to reduced clinical development activities following the transfer of the NANORAY-312 study sponsorship to J&J [3]. - SG&A expenses remained stable at €11.3 million compared to €10.8 million in the previous year [5]. Net Loss and Cash Position - The net loss attributable to common shareholders for the first half of 2025 was €5.4 million, a significant reduction from €21.9 million in the same period of 2024 [6]. - Cash and cash equivalents as of June 30, 2025, were €28.8 million, down from €49.7 million at the end of 2024 [6][9]. Financial Guidance - The company anticipates that its cash and cash equivalents will fund operations into mid-2026, consistent with prior guidance [7].
Caring Brands(CABR) - Prospectus(update)
2025-09-19 20:16
As filed with the Securities and Exchange Commission on September 19, 2025. Registration No. 333-289767 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CARING BRANDS, INC. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) Nevada 2844 99-4103908 (I.R.S. Employer Identification Nu ...
Caring Brands(CABR) - Prospectus
2025-08-21 21:31
As filed with the Securities and Exchange Commission on August 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 CARING BRANDS, INC. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) Nevada 2844 99-4103908 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 130 S Indian River Dri ...