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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].
Senvest Capital Inc. Announces Acceptance by TSX of Normal Course Issuer Bid
Globenewswire· 2025-08-25 12:30
Core Viewpoint - Senvest Capital Inc. has announced its intention to initiate a normal course issuer bid (NCIB) to repurchase up to 100,000 common shares, representing approximately 4.12% of its outstanding shares, to enhance market stability and utilize corporate funds effectively [1][3]. Group 1: NCIB Details - The NCIB will allow the Corporation to purchase shares through the TSX and other trading systems, with purchases expected to start on August 27, 2025, and conclude by August 26, 2026, or when the purchases are completed [1]. - Due to low trading volumes, actual purchases may be significantly less than the proposed 100,000 shares, with an average daily trading volume of only 45 shares over the past six months [2]. - The Corporation can purchase up to 1,000 shares on any trading day and make block purchases no more than once per week [2]. Group 2: Management's Perspective - Management believes that repurchasing shares may facilitate an orderly market for its securities and is in the best interests of the Corporation and its shareholders [3]. - The Corporation views its outstanding common shares as an attractive investment opportunity and a prudent use of corporate funds [3]. Group 3: Automatic Purchase Plan - An automatic purchase plan has been established to guide share repurchases during self-imposed blackout periods, complying with Canadian securities legislation and pre-cleared by the TSX [4]. Group 4: Previous NCIB Performance - In the previous NCIB that commenced on August 22, 2024, the Corporation purchased and canceled a total of 16,500 shares at an average price of $358.87 per share through the TSX and 1,200 shares at an average price of $354.06 outside the TSX [5]. Group 5: Business Activities - Senvest Capital Inc. and its subsidiaries are involved in various business activities, including merchant banking, asset management, real estate, and electronic security [6].
FUNDAMENTAL GLOBAL INC. ANNOUNCES FORMATION OF FG CVR TRUST AND $10.00 PER SHARE SPECIAL DISTRIBUTION
Globenewswire· 2025-08-01 13:45
Core Viewpoint - Fundamental Global Inc. is forming a CVR Trust for its common shareholders, providing a special distribution of Contingent Value Rights (CVR) that will entitle holders to future cash distributions and other benefits as the trust liquidates its assets [1][2][3] Group 1: Special Distribution and Trust Formation - Approximately 1.3 million common shareholders will receive a non-transferable CVR, entitling them to an initial cash distribution of $10.00 per common share, expected in September 2025 [2][9] - The CVR Trust will include cash, cash equivalents, and net assets from various operating businesses and equity holdings [6][9] - Future distributions from the CVR Trust may be in cash or in-kind securities as assets are monetized over time [3][9] Group 2: Strategic Transformation - The company has entered a definitive agreement for a $200 million private placement to support its strategic transformation, which includes a name change to FG Nexus Inc. and the implementation of an Ethereum Treasury Strategy [5][7] - The strategic direction focuses on blockchain innovation and the tokenization of real-world assets [5][7] - The company aims to retain approximately $5.00 per share in net asset value through retained holdings and the launch of its new strategy [9]
LOBO EV Technologies Ltd. and Strattners Exploring Strategic Investment Partnership
Globenewswire· 2025-07-28 12:30
Core Viewpoint - LOBO EV Technologies Ltd. is in advanced negotiations with Strattners for a potential equity financing facility, which could provide up to $10 million in capital over three years, supporting the company's long-term growth and expansion plans [1][2][5]. Group 1: Equity Financing Details - Strattners aims to become a cornerstone investor in LOBO, expressing optimism about the company's long-term development potential [2]. - The agreement allows LOBO to issue and sell ordinary shares to Strattners at its discretion, without a volume-weighted average price mechanism [3]. - The proceeds from any share issuance will be used for general corporate purposes, including working capital, capital expenditures, product development, and expansion initiatives [4]. Group 2: Company Overview - LOBO EV Technologies Ltd. specializes in the design, development, manufacturing, and sale of e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles [6]. - The company is also expanding into AI-powered multimedia interactive systems and medical technology manufacturing, aiming to provide intelligent and efficient mobility and healthcare solutions [6].
Aberdeen Announces 2025 AGM Results
Globenewswire· 2025-07-02 22:00
Group 1 - Aberdeen International Inc. held its 2025 annual general and special meeting of shareholders on July 2, 2025, where the nominees listed in the management information circular were elected as directors [1] - A total of 16,596,310 common shares were voted, representing approximately 10.39% of the issued and outstanding common shares of the Company [2] - The election results showed that all nominated directors received a high percentage of votes in favor, with Bernard Wilson and Fred Leigh each receiving 96.041% of votes for, while Gregory Biniowsky received 96.051% [3] Group 2 - Shareholders also approved the appointment of McGovern Hurley LLP as the Company's auditors and the second amended and restated stock option plan [3] - Aberdeen is identified as a global resource investment company and merchant bank, focusing on small capitalization companies in the rare metals and renewable energy sectors [4]
Senvest Capital Inc. Announces Voting Results from its 2025 Annual Meeting of Shareholders
Globenewswire· 2025-06-20 16:04
Group 1 - Senvest Capital Inc. held its annual meeting of shareholders on June 20, 2025, where voting results were announced [1] - Six director nominees proposed by management were elected with overwhelming support, achieving over 99% of votes in favor [2] - PricewaterhouseCoopers LLP was reappointed as the Corporation's auditors [3] Group 2 - Senvest and its subsidiaries are involved in various business activities including merchant banking, asset management, real estate, and electronic security [4]
Aberdeen Announces Management Changes
Globenewswire· 2025-06-03 22:30
Group 1 - Aberdeen International Inc. announced the resignation of Ryan Ptolemy as the chief financial officer and corporate secretary, effective immediately [1] - The board and management expressed gratitude for Mr. Ptolemy's services and contributions to the company [1] Group 2 - Aberdeen is a global resource investment company and merchant bank focused on small capitalization companies in the rare metals and renewable energy sectors [2]
Aberdeen Announces Board Changes
Globenewswire· 2025-04-30 23:00
Core Viewpoint - Aberdeen International Inc. announces the resignation of General (ret'd) Lewis MacKenzie from its board of directors, expressing gratitude for his contributions and wishing him well in future endeavors [1]. Company Overview - Aberdeen International Inc. is a global resource investment company and merchant bank that focuses on small capitalization companies in the rare metals and renewable energy sectors [2].
Fundamental Global Inc. Reports Fourth Quarter and Full Year 2024 Financial Results
Newsfilter· 2025-04-01 13:21
Core Viewpoint - Fundamental Global Inc. has made significant strides in consolidating its operations and improving its financial performance through strategic mergers and asset sales in 2024 [2][4]. Financial Highlights - Total assets increased to $109.5 million as of December 31, 2024, up by $47.3 million from the previous year [5]. - Stockholders' equity rose to $74.2 million, reflecting an increase of $37.2 million from December 31, 2023 [6]. - Revenue for 2024 was $17.3 million, a 1.5% increase from the previous year, with managed services revenue growing by 20.7% to $32.0 million [7]. - The net loss attributable to common shareholders improved to $2.6 million from a loss of $14.1 million in the prior year, primarily due to a $21.8 million gain on the sale of Strong/MDI [8][9]. Operational Highlights - The company completed three merger transactions in 2024, including the merger with FG Group Holdings Inc. and Strong Global Entertainment, aimed at reducing operating costs and streamlining operations [5]. - A portion of the reinsurance business was agreed to be sold for $5.6 million, expected to close in the first half of 2025 [2]. - The company successfully monetized its Digital Ignition facility and sold its Strong/MDI Screen Systems subsidiary for approximately $30 million [5]. Balance Sheet Overview - As of December 31, 2024, total liabilities were $35.3 million, an increase from $25.1 million in the previous year [15]. - Short- and long-term debt decreased to $2.4 million, down by $5.4 million from December 31, 2023 [7]. - Cash and cash equivalents increased to $7.8 million from $6.0 million in the previous year [21]. Shareholder Information - The weighted average common shares outstanding increased to 1,265 million due to the merger with FG Group Holdings [19]. - The net loss per common share improved to $2.43 from $35.22 in the prior year, reflecting the company's improved financial performance [9].