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Compass Diversified Declares Third Quarter 2025 Distributions on Series A, B and C Preferred Shares
Globenewswire· 2025-10-02 20:10
Core Viewpoint - Compass Diversified (CODI) has declared quarterly cash distributions for its preferred shares, indicating a commitment to returning value to shareholders through consistent dividend payments [1]. Distribution Details - The Board declared a cash distribution of $0.453125 per share for the 7.250% Series A Preferred Shares, covering the period from July 30, 2025, to October 30, 2025, payable on October 30, 2025, to holders of record as of October 15, 2025 [2]. - A cash distribution of $0.4921875 per share was declared for both the 7.875% Series B and Series C Preferred Shares, also covering the same period and payable on the same date to holders of record as of October 15, 2025 [3][4]. Tax Implications - The preferred cash distributions are expected to generally qualify as "qualified dividends" for U.S. federal income tax purposes, contingent upon being paid from "earnings and profits" and meeting the requisite holding period [5].
Helios Fairfax Partners Announces Appointment of Permanent Chief Financial Officer
Globenewswire· 2025-09-30 13:20
Core Insights - Helios Fairfax Partners Corporation announced the appointment of Vitali Harwardt as Chief Financial Officer (CFO), effective January 1, 2026, with a transition period starting November 3, 2025 [1][5] - Harwardt has nearly two decades of experience in finance, particularly in private equity and global operations, and has a strong background in capital markets, M&A, tax, and strategic finance [2][3] - The company expressed confidence in Harwardt's ability to enhance operational excellence and advance the goals of both Helios Fairfax and its investment manager, Helios Investment Partners [5] Company Overview - Helios Fairfax Partners Corporation is an investment holding company focused on long-term capital appreciation through investments in public and private equity securities and debt instruments, particularly in Africa [6]
Fairfax India Announces Intention to Make a Normal Course Issuer Bid
Globenewswire· 2025-09-26 11:50
Core Points - Fairfax India Holdings Corporation has announced its intention to commence a Normal Course Issuer Bid for its Subordinate Voting Shares effective September 30, 2025 [1][2] - The board of directors has approved the purchase of up to 5,551,115 Subordinate Voting Shares, representing approximately 10% of the public float as of September 16, 2025 [2][3] - Fairfax India believes that its Subordinate Voting Shares represent an attractive investment opportunity and that the purchases will enhance the value for remaining shareholders [3] Purchase Details - The company may purchase up to 11,879 Subordinate Voting Shares on any trading day, which is 25% of the average daily trading volume over the past six months [2] - Under its existing Normal Course Issuer Bid, Fairfax India has purchased 356,465 Subordinate Voting Shares at a volume weighted average price of US$15.34 [4] - An automatic share purchase plan (ASPP) has been established to facilitate purchases during regulatory black-out periods [5][6] Company Overview - Fairfax India is an investment holding company focused on long-term capital appreciation by investing in public and private equity securities and debt instruments primarily in India [7]
Hyperscale Data Continues Toward 100% Bitcoin Pairing as Treasury Allocation Climbs to $13.25 Million, Now 39.4% of Market Cap
Prnewswire· 2025-09-23 10:00
Core Insights - Hyperscale Data, Inc. has announced its Bitcoin treasury totals approximately $13.25 million, which constitutes 39.4% of the Company's public float as of September 22, 2025 [1] Financial Summary - The Bitcoin treasury includes current holdings and funds allocated to committed purchases of Bitcoin [1] - The total value of the Bitcoin treasury reflects a significant portion of the Company's market capitalization [1]
GBT Technologies Announced Non- Binding Offer to Acquire Two Hands Corporation; Builds on Merchant Banking Strategy as Wertheim & Company
Globenewswire· 2025-09-19 12:00
Core Viewpoint - GBT Technologies Inc. has authorized a non-binding indication of interest to acquire all shares of Two Hands Corporation, with a proposed offer of US $0.00625 per share, which includes the assumption of Two Hands' outstanding debt obligations [1][2]. Group 1: Strategic Interest - The acquisition of Two Hands is seen as a strategic move to enhance GBT's initiatives in digital markets, technology, fintech, and the Gig Economy [3]. - Two Hands is transitioning into an investment holding company and has launched a Digital Asset Treasury and Trading Desk, partnering with More Money Ltd for expertise in crypto and blockchain [3]. Group 2: Regulatory Steps - Two Hands is planning a shareholder meeting in November 2025 to approve its change in business direction, aligning with GBT's goal to reposition as a merchant banking platform [4]. Group 3: Leadership Commentary - The CEO of GBT believes that integrating Two Hands' initiatives could accelerate GBT's development plans and create long-term value [5]. Group 4: Transaction Status - The indication of interest is non-binding and subject to negotiations, due diligence, and regulatory approvals, with no assurance that a definitive agreement will be reached [5]. Group 5: Company Overview - GBT Technologies is transitioning into Wertheim & Company, a global merchant banking platform, and aims to leverage its equity holdings and strategic initiatives in financial services and crypto asset management [6][7].
GBT Technologies Announced Non- Binding Offer to Acquire Two Hands Corporation; Builds on Merchant Banking Strategy as Wertheim & Company
Globenewswire· 2025-09-19 12:00
Core Viewpoint - GBT Technologies Inc. has authorized a non-binding indication of interest to acquire all outstanding shares of Two Hands Corporation, with a proposed offer of US $0.00625 per share, which includes the assumption of Two Hands' outstanding debt obligations [1][2]. Group 1: Strategic Interest - The acquisition of Two Hands is seen as a strategic move for GBT, aligning with its goal to transition into a merchant banking platform and leverage Two Hands' focus on digital markets, technology, fintech, and the Gig Economy [3][4]. - Two Hands has initiated plans to become an investment holding company and has launched a Digital Asset Treasury and Trading Desk, partnering with More Money Ltd for expertise in crypto and digital asset management [3][4]. Group 2: Leadership Commentary - The CEO of GBT Technologies expressed that integrating Two Hands' initiatives could accelerate GBT's development plans and support its transition to Wertheim & Company, presenting a long-term value creation opportunity [5]. Group 3: Transaction Status - The indication of interest is non-binding and subject to negotiations, due diligence, and regulatory approvals, with no assurance that a definitive agreement will be reached [5].
TBKS HLDGS附属拟1146.24万令吉出售马来西亚柔佛州一物业
Zhi Tong Cai Jing· 2025-09-18 10:47
公司为一间投资控股公司,其附属公司主要于马来西亚及中国从事提供土木及结构工程及于中国从事石 油及相关产品贸易。经计及集团的现时财务状况及预期流动资金需求,以及马来西亚物业市场的前景, 董事认为,出售事项为公司以合理价格变现该物业(于出售时点处于空置)价值的良机,并且出售事项的 所得款项可产生额外营运资金,从而提升集团的财务状况及增强流动性。董事会(包括独立非执行董事) 认为,出售事项的条款及条件按一般商业条款订立,属公平合理并符合公司及其股东的整体利益。 TBKS HLDGS(01960)发布公告,于2025年4月24日,卖方Tan Bock Kwee&Sons Sdn.Bhd.(公司的间接全 资附属公司)与买方Zhongya Holdings(Malasia)Sdn.Bhd.订立协议,据此卖方已同意出售及买方已同意购 买该物业,总代价为1146.24万令吉。于本公告日期,出售事项已于2025年8月25日完成,以及全部代价 已根据协议由买方支付予卖方。 集团透过卖方持有该物业的全部权益,该物业位于马来西亚柔佛州,由四幅永久业权空置的轻工业用途 的土地组成,总面积约为12101平方米。该物业先前已抵押予一家马来 ...
Stack Capital Group Inc. Closes Best Efforts Financing and Concurrent Non-Brokered Private Placement for Total Gross Proceeds of $35,000,000
GlobeNewswire News Room· 2025-08-07 13:22
Core Viewpoint - Stack Capital Group Inc. has successfully closed a private placement offering, raising a total of $35 million through two concurrent offerings, the LIFE Offering and a Concurrent Private Placement [1][4]. Group 1: Offering Details - The LIFE Offering generated gross proceeds of $20 million by issuing 1,454,545 units at a price of $13.75 per unit [1]. - The Concurrent Private Placement raised $15 million by issuing 1,090,909 units at the same offering price [1]. - Each unit consists of one common share and one-quarter of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $17.00 for 24 months [2]. Group 2: Regulatory and Trading Information - The LIFE Offering was conducted under the listed issuer financing exemption, allowing immediate trading of the unit shares and warrants under Canadian securities legislation [3]. - Units from the Concurrent Private Placement are also immediately freely tradeable, as they were issued in compliance with applicable securities laws [3]. Group 3: Use of Proceeds - The net proceeds from the Offering will be utilized for investments aligned with the company's investment principles and for general corporate and working capital purposes [4]. Group 4: Insider Participation - Certain insiders purchased a total of 9,162 units under the Offering, which is classified as a related party transaction, but exemptions from formal valuation and minority shareholder approval were applied [5]. Group 5: Company Overview - Stack Capital Group Inc. is an investment holding company focused on investing in equity, debt, and other securities of growth-to-late-stage private businesses, providing shareholders with exposure to a diversified private investment portfolio [7].
Stack Capital Group Inc. Announces Upsize to Its Previously Announced Best Efforts Private Placement Now Combined With the Non-Brokered Private Placement for Gross Proceeds of Up to $35,000,000
Globenewswire· 2025-07-25 16:35
Core Viewpoint - Stack Capital Group Inc. has announced an increase in the size of its private placement offering due to strong investor demand, raising the total expected gross proceeds to up to $35,000,000 [1][4]. Offering Details - The offering will consist of up to 1,454,545 units priced at $13.75 each, with each unit comprising one common share and one-quarter of a warrant [2]. - Each warrant will allow the holder to purchase one common share at an exercise price of $17.00 for a period of 24 months following the closing date [2]. Agents and Placement - The company has engaged Canaccord Genuity Corp., Raymond James Ltd., RBC Capital Markets, and TD Securities Inc. as co-lead agents for the offering [3]. - A concurrent non-brokered private placement of up to 1,090,909 units is also planned, aiming for gross proceeds of up to $15,000,000 [4]. Regulatory Compliance - The offering is being conducted under the listed issuer financing exemption, allowing for the sale of units without the usual prospectus requirements in Canada, except Québec [6]. - The company has applied for the listing of the unit shares, warrants, and warrant shares on the Toronto Stock Exchange [5]. Use of Proceeds - The net proceeds from the offering will be utilized for investments aligned with the company's investment principles and for general corporate purposes [9]. Closing Timeline - The offering is expected to close around August 8, 2025, subject to necessary approvals, including from the TSX [10].
Stack Capital Group Inc. Announces Best Efforts Financing and Concurrent Private Placement for Up to $25,000,000
Globenewswire· 2025-07-24 20:07
Core Viewpoint - Stack Capital Group Inc. is conducting a private placement offering to raise up to $25 million through a combination of a "best efforts" private placement and a concurrent non-brokered private placement [1][6] Group 1: Offering Details - The offering consists of up to 727,272 units priced at $13.75 per unit, aiming for gross proceeds of up to $10 million [1] - A concurrent non-brokered private placement will offer up to 1,090,909 units at the same price, targeting gross proceeds of up to $15 million [1] - Each unit includes one common share and one-quarter of a common share purchase warrant, with warrants exercisable at $17.00 per share for 24 months [2] Group 2: Regulatory and Compliance - The LIFE Offering is available to purchasers in all Canadian provinces except Québec, utilizing the listed issuer financing exemption [3] - Units sold under the concurrent private placement will also comply with applicable securities laws and will not have resale restrictions [5] - The offering is subject to necessary approvals, including from the Toronto Stock Exchange [7] Group 3: Use of Proceeds - Net proceeds from the offering will be allocated for investments aligned with the company's investment principles and for general corporate purposes [6] Group 4: Company Overview - Stack Capital Group Inc. is an investment holding company focused on investing in growth-to-late-stage private businesses, providing shareholders with exposure to a diversified private investment portfolio [11]