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VivoPower Strengthens Balance Sheet, Further Reduces Debt by US$7.5 Million
Globenewswire· 2025-07-22 12:30
Selected lenders and suppliers have elected to take VivoPower ordinary shares in lieu of fiat currency Directors have also elected to receive VivoPower ordinary shares for certain board fees VivoPower is progressing ahead of schedule on its commitment to reduce and retire its debts LONDON, July 22, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) (“VivoPower” or the “Company”) announced today that it has further reduced its liabilities by negotiating with selected lenders and suppliers ...
Enertopia Announces Proposed Financing
Newsfile· 2025-07-17 21:25
Not for distribution to United States news wire services or for dissemination in the United States Kelowna, British Columbia--(Newsfile Corp. - July 17, 2025) - Enertopia Corporation (CSE: ENRT) (the "Company" or "Enertopia") is an energy company focused on building shareholder value through a combination of our intellectual property, pending patents in the green technology space, along with our Nevada lithium claims, is pleased to announce it intends to complete a non-brokered private placement equity fin ...
VINCI has reached an agreement to acquire the German group R+S
Globenewswire· 2025-07-17 16:00
Core Insights - VINCI Energies has signed an agreement to acquire the R+S Group, a German company specializing in electrical installation, automation, heating, ventilation, and air conditioning in the building sector, pending approval from German competition authorities [2][3] - The acquisition will enhance VINCI Energies' range of electrical and multi-technical solutions for buildings and expand its customer offerings [3][4] - In 2024, the R+S Group generated revenue of €191 million and employs 1,200 people [2][7] Company Overview - VINCI is a global leader in concessions, energy solutions, and construction, employing 285,000 people across more than 120 countries [5] - In Germany, VINCI generated nearly €5.6 billion in total revenue in 2024, making it the company's second-largest international market [4] - VINCI Energies operates in four business lines in Germany: Infrastructure, Industry, Building Solutions, and ICT, with a workforce of 16,600 across 385 sites [3][4]
MAAS Announces Signing of Acquisition Framework Agreement
Globenewswire· 2025-07-11 12:30
Core Viewpoint - Maase Inc. has signed a non-binding framework agreement to acquire 100% equity of Qingdao Youdian New Energy Technology Co., Ltd. and 49% equity of Qingdao Huijulaixi Intelligent Technology Co., Ltd., marking a strategic expansion into new energy technology and intelligent services [1][4] Group 1: Company Overview - Maase Inc. was founded in 2010 and aims to be a leading provider of intelligent technology-driven family and enterprise services, focusing on enhancing quality of life through technological intelligence and capital investments [5] - The company currently holds controlling interests in two financial service providers in China, AIFU Inc. and Puyi Fund Distribution Co., Ltd. [6] Group 2: Youdian Overview - Youdian specializes in the new energy sector, focusing on electric vehicle services and residential energy solutions, and has established itself as an industry leader with strong R&D capabilities [2] - The company has launched the "Xiaoli Charging" mobile charging robot, offering various intelligent charging options ranging from 20kWh to 150kWh, addressing challenges of fixed energy replenishment systems [2] - Youdian also provides a range of outdoor mobile energy storage units and portable charging devices, designed for high compatibility and safety [2] Group 3: LaiXi Overview - LaiXi, established in 2021, focuses on intelligent unmanned systems and has become a leader in the unmanned car wash industry and mobile in-car charging technology [3] - The company operates an automated manufacturing facility with an annual production capacity of 1,200 car washing machines, featuring advanced technology such as an ICS IoT system and automatic fault avoidance [3] - LaiXi's patented low-temperature car wash system operates at temperatures as low as -13°C, providing a competitive advantage, along with an intelligent water recycling system that enhances efficiency [3] Group 4: Strategic Implications - The acquisition is seen as a key milestone for Maase Inc., enhancing its competitive position in the new energy and intelligent service sectors, and creating long-term value for shareholders [4] - The collaboration is expected to generate synergies, particularly in smart charging and mobile energy storage, as both companies aim to expand in the global new energy technology market [4] - Youdian and LaiXi plan to deploy 100,000 service stations across 300 cities in the next five years, targeting 50 million vehicle owners, which indicates significant growth potential [4]
CHAR Technologies Announces $8 Million BMI Group Investment in Thorold Renewable Energy Facility and the Signing of the Strategic Partnership Definitive Agreements
Globenewswire· 2025-07-10 12:00
Core Viewpoint - CHAR Technologies Ltd. has secured an $8 million equity investment from The BMI Group for the Thorold Renewable Energy Facility, establishing a 50/50 ownership structure between the two companies [1][3]. Funding Arrangement - The funding arrangement includes definitive transaction agreements such as a limited partnership agreement and contribution agreements, with CHAR Tech contributing construction progress, technology licenses, and engineering services [2]. - BMI's $8 million investment will be disbursed in monthly tranches to ensure positive cash flow for the Thorold Project, with all contributions expected to be completed by December 31, 2025 [3]. Project Phases - Phase 1 of the Thorold Project aims to enable commercial biocarbon production, with funding commitments now in place, targeting operational readiness by Q4 2025 [3]. - Phase 2 will focus on Renewable Natural Gas (RNG) production, leveraging Phase 1 equity to pursue non-recourse debt financing, with a goal to secure a debt package by Q4 2025 and target commissioning by Q3 2026 [7]. Strategic Partnerships and Investments - BMI has attracted over $200 million in direct investment to its Niagara projects, which have collectively drawn over $2 billion in additional investment since 2023 [4]. - Previous investments in CHAR Tech include a $12.8 million combined funding from Canadian and Ontario governments in 2022 and a $6.6 million strategic equity investment from ArcelorMittal's XCarb Innovation Fund in 2023 [6]. Leadership Insights - CHAR Tech's CEO expressed excitement about the project timeline and the potential for further renewable energy developments, while BMI's CEO highlighted the biomass-to-energy value chain as a high-growth opportunity in Canada [9].
Carrier Second Quarter 2025 Earnings Advisory
Prnewswire· 2025-07-08 20:15
PALM BEACH GARDENS, Fla., July 8, 2025 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, will release its second quarter 2025 earnings on Tuesday, July 29, 2025 and host a conference call and webcast at 7:30 a.m. ET.The webcast and presentation will be available at ir.carrier.com. To listen to the earnings call by phone, participants must pre-register at the following link: Carrier Earnings Call Registration. All phone registrants will receiv ...
VivoPower Receives Nasdaq Letter Confirming it is in Compliance with Nasdaq Listing Standard
Globenewswire· 2025-07-01 19:50
Core Viewpoint - VivoPower International PLC has successfully complied with Nasdaq Listing Rule 5550(b)(1) after raising US$60.5 million in gross proceeds from a private placement, thus meeting the minimum stockholders' equity requirement of US$2.5 million [1][2]. Group 1: Compliance and Financial Status - On January 3, 2025, VivoPower received a notification from Nasdaq indicating non-compliance with the stockholders' equity requirement [2]. - Following the completion of the first phase of a US$121 million private placement, VivoPower has now satisfied the stockholders' equity requirement [2]. - Nasdaq will continue to monitor VivoPower's compliance, and failure to meet the requirement in the next periodic report could lead to potential delisting [3]. Group 2: Company Transformation - VivoPower is undergoing a strategic transformation to become the world's first XRP-focused digital asset enterprise, focusing on the acquisition and management of XRP digital assets [4]. - The new direction aims to support decentralized finance (DeFi) infrastructure and real-world blockchain applications, contributing to the growth of the XRP Ledger [4]. Group 3: Company Overview - Founded in 2014 and listed on Nasdaq since 2016, VivoPower operates globally across various regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [5]. - The company has two business units: Tembo, which focuses on electric solutions for ruggedized fleet applications, and Caret Digital, which is centered on renewable power use cases including digital asset mining [5].
Publication of the Toolbox VINCI Concessions
Globenewswire· 2025-06-30 15:45
Core Insights - VINCI has published its "Toolbox VINCI Concessions" on its website, aimed primarily at investors, summarizing key financial and operational data [1] - VINCI is a global leader in concessions, energy solutions, and construction, employing 285,000 people across more than 120 countries [1] - The company focuses on designing, financing, building, and operating infrastructure and facilities that enhance daily life and mobility [1] - VINCI is committed to environmentally and socially responsible operations, aiming to create long-term value for customers, shareholders, employees, partners, and society [1] Company Overview - VINCI operates in the sectors of concessions, energy solutions, and construction [1] - The company emphasizes all-round performance beyond just economic and financial results [1] - VINCI engages with stakeholders and values dialogue as essential to its business activities [1] Operational Focus - The publication includes information about VINCI Airports' network and the main companies under VINCI Highways [3]
VivoPower Believes It Meets Nasdaq Equity Requirement Following Reg S Investment
Globenewswire· 2025-06-26 19:55
Company believes it has regained compliance with pro forma net equity of approximately US$20 million as of May 31, 2025 US$121 million Reg S investment round led by His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud Including binding close of first-phase private placement totalling US$60.5 million in gross proceeds LONDON, June 26, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) (“VivoPower” or the “Company”) is pleased to announce that, based on a binding close of the first ...
Scatec ASA: Initiation of share buyback for Employee Share Purchase Programme
Globenewswire· 2025-06-26 15:00
Oslo, 26 June 2025: Scatec ASA ("Scatec" or the "Company") will initiate a buyback of up to 68,533 of its own shares for a total maximum amount of NOK 9,600,000. The buyback programme may be carried out in the period from this announcement and until 30 June 2025. The purpose of the programme is to acquire shares that can be sold to employees as part of the Company's Employee Share Purchase Programme as announced in the stock exchange announcement published 16 June 2025 at 08.30 (CEST) in compliance with the ...