NEW YORK AND ATLANTA, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Brookfield and Angel Oak Companies (“Angel Oak”), a leading asset manager specializing in innovative mortgage and consumer products, today announced the closing of their strategic partnership. Brookfield has acquired a majority stake in Angel Oak, adding residential mortgage credit capabilities to Brookfield’s $332 billion credit platform. The partnership will accelerate Angel Oak’s growth while reinforcing Brookfield’s strategy of combining best-in-cl ...

Core Insights - Affluence Corporation's subsidiary, Mingothings International (MTi), has formed a strategic partnership with Aerodyne Group, a leader in drone-based enterprise solutions and AI-powered data analytics [1] - Aerodyne Group is recognized for its advanced drone technology and AI innovations, positioning itself as a global pioneer in enhancing efficiency, safety, and sustainability across various industries [1] Company Summary - The partnership aims to leverage Aerodyne Group's expertise in drone technology and data analytics to improve operational capabilities for Mingothings International [1] - This collaboration is expected to drive innovation and create new opportunities within the drone and AI sectors [1] Industry Summary - The drone technology and AI analytics market is rapidly evolving, with companies like Aerodyne Group leading the way in providing solutions that address efficiency and sustainability challenges [1] - The strategic alliance reflects a growing trend in the industry towards integrating advanced technologies to enhance service delivery across multiple sectors [1]

Core Insights - Wabash has formed a strategic partnership with Global Tank to enhance its tank trailer segment and expand its dealer network across the United States [1][6] - The partnership allows Wabash to extend its tank offerings into new states, increasing customer access and service capabilities [2][4] - Global Tank will integrate Wabash's tank trailer portfolio into its offerings, enhancing service for tank fleets and supporting regional market growth [4][5] Company Overview - Wabash is a leader in supply chain solutions, focusing on transportation, logistics, and infrastructure markets, with a diverse product range including tank trailers [7] - Global Tank specializes in full-service solutions for liquid and dry bulk tank trailer rental, sales, transport, and storage [8] Partnership Details - The partnership will initially expand Wabash's tank trailer offerings into states such as Kansas, Missouri, and Colorado, among others [2][3] - Global Tank will add experienced sales and leasing representatives to Wabash's dealer network, enhancing local customer support [3][6] - The collaboration aims to improve customer experience through expanded product access and regional service support [6]

Core Insights - AXIL Brands, Inc. is launching its full Reviv3 Procare® product line in Chatters, Canada's largest professional haircare retailer, which has over 115 salons across seven provinces [1][2][3] - The partnership with Chatters is aimed at expanding AXIL's beauty division presence in North America and enhancing professional distribution channels for Reviv3 products [2][4] Company Overview - AXIL Brands, Inc. is an emerging global consumer products company that offers premium hearing enhancement and protection products under the AXIL® brand and hair and skin care solutions under the Reviv3 Procare® brand [4] - The company focuses on innovation, quality, and sustainability, delivering clinically tested, plant-based products to consumers in the United States, Canada, the European Union, and Asia [4] Partnership Details - The rollout of Reviv3 Procare® products in Chatters salons will begin in October 2025, with the full product line expected to be available by year-end [2] - The phased launch will include in-salon promotions and stylist training to highlight Reviv3's unique formulations, aiming to drive brand visibility and customer engagement [2]

Geopolitical Relations - China and South Korea's top diplomats pledged to deepen their strategic partnership [1] Diplomatic Engagement - The meeting was the first since Seoul's leadership change earlier this year [1]

Core Thesis - Celsius Holdings, Inc. is positioned for accelerated growth following a transformative strategic deal with PepsiCo, enhancing its market presence in the energy drink sector [2][4] Strategic Partnership - The agreement with PepsiCo allows Celsius to leverage Pepsi's logistics network for Alani Nu distribution, addressing gaps in convenience store coverage, which is crucial for energy drink sales [2] - Celsius secures a "category captain" role for energy drinks, gaining control over planograms, SKU prioritization, and promotion strategy, optimizing marketing across its brands [2] Acquisition of Rockstar Energy - Celsius acquired U.S. and Canadian rights to Rockstar Energy from Pepsi for $585 million, a significant discount due to Pepsi's mismanagement of the brand [3] - The refocus of Rockstar towards party, festival, and extreme sports segments aims to reclaim market share from competitors like Monster and Red Bull [3] Growth Potential - The deal enhances Celsius's scale, marketing power, and negotiating leverage with Pepsi, creating opportunities for operational improvements and brand revitalization [4] - Robust organic growth in Alani Nu and successful integration of acquisitions position Celsius for expanded market penetration and a strengthened competitive profile [4] Market Reaction - The stock has reacted positively to these developments, indicating investor confidence in Celsius's long-term value creation potential [4] - The stock has appreciated approximately 56% since a previous bullish thesis, reflecting strong brand equity and resilience amid distribution disruptions [5]

Core Viewpoint - Webus International Limited clarifies its previous announcement regarding a partnership with Air China, emphasizing that the cooperation is limited to a specific agreement for discounted chauffeur services at Hangzhou Xiaoshan International Airport for Air China passengers [1][2][3] Summary by Sections Agreement Details - On August 19, 2025, Webus's subsidiary, Zhejiang Youba Technology Co., Ltd., signed a Preferential Cooperation Agreement with Air China's Hangzhou Branch Office, focusing solely on discounted Wetour-brand chauffeur and transfer services for passengers with valid Air China ticket numbers starting with 999 [2] Clarification of Terms - The term "strategic partnership" used in the prior release was not meant to imply any broader cooperation beyond the specific arrangement detailed in the agreement [3]

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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]