NOT FOR DISTRIBUTION TO THE UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, July 25, 2025 (GLOBE NEWSWIRE) -- Stack Capital Group Inc., (the "Company") (TSX:STCK & TSX:STCK.WT.A) is pleased to announce that, as a result of strong investor demand, the Company has doubled the size of its previously announced “best efforts” private placement to up to 1,454,545 units of the Company (the "Units") and up to $20,000,000 in gross proceeds (the "LIFE Offering"). After giving effec ...

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, July 24, 2025 (GLOBE NEWSWIRE) -- Stack Capital Group Inc., (the "Company") (TSX:STCK & TSX:STCK.WT.A) is pleased to announce the terms of a "best efforts" private placement and concurrent non-brokered private placement for aggregate gross proceeds to the Company of up to $25,000,000 (the "Offering"). In connection with the Offering, the Company announces that it has entered into an agreement with ...

Core Viewpoint - 1847 Holdings LLC is transitioning its common shares to the OTCQB® Venture Market to enhance trading access and visibility for shareholders following a delisting from NYSE American [1][2]. Company Performance - The company reported a revenue growth of over 380% in Q1 2025, significant gross profit expansion, and meaningful debt reduction through strategic initiatives, including the divestiture of High Mountain Door & Trim Inc. for approximately $17 million [2]. - The company reaffirms its 2025 guidance with expected revenue exceeding $45 million and net income of approximately $1.3 million, and anticipates revenue surpassing $60 million with net income rising to approximately $5.0 million in 2026 [2]. Strategic Initiatives - The company aims to strengthen its financial performance and balance sheet by acquiring, enhancing, and monetizing undervalued businesses, which is part of its disciplined approach to value creation [2][4]. - Following the delisting from NYSE American, the company plans to reapply for listing on a national securities exchange at an appropriate time as it continues to execute its strategy [2]. Company Background - 1847 Holdings LLC is a diversified acquisition holding company that focuses on identifying overlooked, deep-value investment opportunities in middle market businesses [1][4]. - The company believes that capital market inefficiencies have left many small business stakeholders with limited exit options, allowing 1847 Holdings to acquire businesses at reasonable multiples of cash flow [4].

PHILADELPHIA, June 26, 2025 (GLOBE NEWSWIRE) -- The law firm of Barrack, Rodos & Bacine announces that a complaint has been filed on behalf of investors who purchased stock in Compass Group Diversified Holdings, LLC (NYSE: CODI) between February 24, 2022, and May 7, 2025. Investors have less than two weeks to seek appointment as lead plaintiff in a pending action against Compass.  Compass is an investment holding company and one of its subsidiary businesses is Lugano Holdings, Inc., a jewelry company. WHAT’ ...

TORONTO, June 26, 2025 (GLOBE NEWSWIRE) -- Stack Capital Group Inc., (“Stack Capital”) (TSX:STCK & TSX:STCK.WT.A) is pleased to announce that at its annual meeting of shareholders, held virtually today, the four director nominees listed in Stack Capital’s management proxy circular dated May 13, 2025 (the “Circular”) were elected as directors of Stack Capital. Directors have been elected to serve until the close of the next annual meeting of shareholders. The detailed results of the vote are as follows: Nomi ...

Core Viewpoint - Compass Diversified is facing significant challenges due to an accounting scandal at its subsidiary Lugano, leading to a stock downgrade and a class action lawsuit from investors, resulting in a loss of over 70% of its market value in three months [1][3][4]. Group 1: Stock Performance and Analyst Actions - Jefferies analysts downgraded Compass Diversified's stock from Buy to Hold due to a deepening investigation into accounting irregularities at Lugano Holdings [2][3]. - The price target for Compass's stock was slashed from $28.00 to $7.30, reflecting zero value assigned to Lugano amid expectations of a prolonged recovery [3]. Group 2: Legal and Regulatory Challenges - A securities class action lawsuit has been filed against Compass, alleging that the company misled investors regarding accounting issues at Lugano, affecting financial statements for 2024 [6][8]. - S&P Global Ratings downgraded Compass's credit rating to 'B-' and placed it on CreditWatch with negative implications due to unreliable financial statements [4]. Group 3: Company Response and Leadership Changes - In response to the crisis, Compass has entered a forbearance agreement with lenders, suspended quarterly distributions, and halted further investments in Lugano [5]. - Leadership changes occurred with Josh Gaynor appointed as interim CEO following the resignation of Lugano's founder, Moti Ferder [5]. Group 4: Historical Context and Future Implications - The acquisition of Lugano in 2021, valued at $256 million, is now viewed as risky due to alleged failures in internal controls that left investors exposed to hidden liabilities [7].

Core Viewpoint - Compass Group Diversified Holdings, LLC is facing legal action due to irregularities identified in its subsidiary Lugano Holdings, Inc.'s accounting and inventory practices, leading to a significant drop in its stock price [2][3]. Company Summary - Compass Group Diversified Holdings, LLC is an investment holding company with a subsidiary, Lugano Holdings, Inc., which operates in the jewelry sector [1]. - An investigation revealed "preliminarily identified irregularities" in Lugano's accounting and inventory practices, prompting Compass to state that its financial statements for 2024 should no longer be relied upon [2]. - The Audit Committee's concerns about Lugano's inventory financing led to a delay in filing the Form 10-Q for Q1 2025 [2]. Stock Performance - Following the announcement of the investigation and the resignation of Lugano's CEO, Moti Ferder, Compass's share price plummeted by 62%, from $17.25 to $6.55 per share [3]. Legal Action - Investors who purchased Compass stock between May 1, 2024, and May 7, 2025, have until July 8, 2025, to seek appointment as lead plaintiff in a class action lawsuit against the company [4][5]. - The complaint alleges that Compass failed to maintain adequate internal controls over its financial statements, making them unreliable and misleading [3]. Firm Background - Barrack, Rodos & Bacine, the law firm involved, has over 40 years of experience in prosecuting securities law class actions, achieving significant recoveries for investors in past cases [6].

Core Viewpoint - Compass Diversified Holdings is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, primarily related to financial misstatements and irregularities in its subsidiary, Lugano Holdings, Inc. [1][3][4] Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Augenbaum v. Compass Diversified Holdings, and it includes claims against Compass Diversified and its executives for misleading statements during the class period from May 1, 2024, to May 7, 2025 [1][3]. - The lawsuit alleges that Lugano Holdings violated accounting rules and that Compass Diversified failed to implement effective internal controls, leading to materially misstated financial results for fiscal 2024 [3][4]. - Following the announcement of irregularities and the need to restate financial statements, Compass Diversified's stock price dropped over 62% [4]. Group 2: Financial Impact and Company Actions - Compass Diversified announced an acquisition of Lugano Holdings for an enterprise value of $256 million on September 7, 2021, which is now under scrutiny due to the alleged financial irregularities [2][3]. - The company disclosed on May 7, 2025, that it would delay the filing of its first quarter 2025 Form 10-Q due to ongoing investigations [4]. Group 3: Legal Representation and Process - Robbins Geller Rudman & Dowd LLP is representing the plaintiffs in the class action lawsuit, highlighting their extensive experience in prosecuting investor class actions [5][7]. - Investors who purchased Compass Diversified securities during the class period can seek appointment as lead plaintiff, which allows them to act on behalf of other class members [6].

PRESS RELEASE Luxembourg, May 23, 2025 VELCAN HOLDINGS: CONVENING NOTICE OF THE ORDINARY ANNUAL GENERAL MEETING TO BE HELD ON JUNE 25, 2025 VELCAN HOLDINGS announces to the shareholders of the Company that the Ordinary Annual General Meeting will be held on Wednesday, June 25, 2025, at 11 a.m, in the offices of the law firm Tabery & Wauthier, 10 rue Pierre d’Aspelt, L‐1142 Luxembourg, in order to vote mainly on the approval of the 2024 condensed non-audited consolidated financial statements and of the 2024 ...

PHILADELPHIA, May 21, 2025 (GLOBE NEWSWIRE) -- The law firm of Barrack, Rodos & Bacine announces that a class action lawsuit has been filed on behalf of investors who purchased stock in Compass Group Diversified Holdings, LLC (NYSE: CODI) between May 1, 2024, and May 7, 2025. Compass is an investment holding company and one of its subsidiary businesses is Lugano Holdings, Inc., a jewelry company. WHAT’S THIS ABOUT?On March 7, 2025, Compass announced that an ongoing investigation into Lugano had “preliminari ...