Core Viewpoint - Fountain Asset Corp. reported strong financial results for Q2 and the first half of 2025, highlighting significant gains in investment activities and an increase in net asset value [1][6]. Summary of Financial Results for Q2/25 - The company realized $0.47 million in gains from the sale of portfolio investments, driven by increased trading prices in the technology sector [4]. - Net assets as of June 30, 2025, were valued at $8.59 million, or $0.13 per share, up from $5.51 million, or $0.09 per share, at the end of 2024, representing a 44% increase [5][8]. - Net comprehensive income for Q2/25 was $3.01 million, compared to a net comprehensive loss of $0.49 million for Q2/24 [8]. Summary of Financial Results for Six Months Ended June 30, 2025 - For the six months ended June 30, 2025, net comprehensive income was $3.06 million, compared to a net comprehensive loss of $0.95 million for the same period in 2024 [8]. - Total income from investment activities was $3.65 million, contrasting with a total loss of $0.54 million for the first half of 2024 [8]. - Net realized gains on the sale of portfolio investments reached $1.76 million, compared to net realized losses of $0.14 million for the same period in 2024 [8]. - Net unrealized gains on portfolio investments were $1.82 million, compared to net unrealized losses of $0.41 million for the first half of 2024 [8]. - Total expenses for the six months were $0.58 million, up from $0.40 million in the same period of 2024, while operating expenses decreased to $0.29 million from $0.39 million [8]. Company Overview - Fountain Asset Corp. operates as a merchant bank, providing equity financing, bridge loan services, and strategic financial consulting across various industries, including marijuana, oil & gas, mining, real estate, manufacturing, retail, financial services, and biotechnology [7].

Core Viewpoint - Fountain Asset Corp. intends to initiate a normal course issuer bid to repurchase its subordinate voting shares, believing they are undervalued at current market prices [1][2]. Company Summary - Fountain Asset Corp. is a merchant bank that provides equity financing, bridge loan services, and strategic financial consulting across various industries, including marijuana, oil & gas, mining, real estate, manufacturing, retail, financial services, and biotechnology [3]. Issuer Bid Details - Upon receiving regulatory approval, Fountain plans to buy back up to 3,216,335 subordinate voting shares, which represents approximately 5% of its currently issued and outstanding shares, over a 12-month period from June 19, 2025, to June 18, 2026 [2]. - The repurchase price will be based on the market price at the time of acquisition, and the actual number and timing of purchases will be determined by the company [2]. - Canaccord Genuity Corp. has been retained to facilitate these purchases on behalf of Fountain [2].

Core Insights - Fountain Asset Corp. reported financial results for Q1 2025, highlighting significant realized gains and a focus on reducing operating expenses [1][2][5] Financial Performance - The company realized $1.29 million in gains from the sale of portfolio investments during Q1 2025 [3] - Net assets as of March 31, 2025, were valued at $5.57 million, or $0.09 per share, reflecting a slight increase from $5.51 million, or $0.09 per share, at the end of 2024 [4][8] - Net comprehensive income for Q1 2025 was $0.05 million, a recovery from net comprehensive losses of $0.45 million in Q1 2024 [8] - Total gains from investment activities amounted to $0.39 million, compared to losses of $0.28 million in Q1 2024 [8] - The company reported net unrealized losses of $0.96 million on portfolio investments, contrasting with net unrealized gains of $0.04 million in Q1 2024 [8] - Total expenses for Q1 2025 were $0.34 million, up from $0.17 million in Q1 2024, while operating expenses remained stable at $0.16 million compared to $0.17 million in Q1 2024 [8] Strategic Focus - The CEO emphasized the company's commitment to growth-oriented goals and the importance of realigning the investment portfolio to capitalize on market trends [5] - The company continues to seek ways to reduce ongoing expenditures while maximizing revenues to enhance its financial position [5][6]

Core Insights - Fountain Asset Corp. announced its financial results for Q4/24 and Fiscal 2024, highlighting a strategic focus on improving financial performance through the disposal of non-core investments and capitalizing on new opportunities [1][4]. Q4/24 Highlights - The net asset value (NAV) increased to $5.51 million ($0.09 per share), a 12.5% increase quarter over quarter [8]. - The company reported a net comprehensive income of $0.35 million, a significant recovery from a net comprehensive loss of $3.63 million in Q4/23 [8]. - Total revenue from investment activity was $0.57 million, compared to a total loss of $3.32 million in Q4/23 [8]. - Net unrealized gains on portfolio investments reached $2.37 million, up from $0.83 million in Q4/23 [8]. - Total expenses decreased to $0.22 million from $0.31 million in Q4/23 [8]. Fiscal 2024 Highlights - The NAV at the end of Fiscal 2024 was $5.51 million ($0.09 per share), down 18% year over year from $6.66 million ($0.11 per share) [8]. - The company recorded net comprehensive losses of $1.30 million, an improvement from losses of $5.26 million in Fiscal 2023 [8]. - Total losses from investment activity were $0.41 million, significantly reduced from $4.40 million in Fiscal 2023 [8]. - Net unrealized gains on portfolio investments were $1.47 million, contrasting with net unrealized losses of $0.03 million in Fiscal 2023 [8]. - Total expenses for the year were $0.89 million, slightly up from $0.86 million in Fiscal 2023 [8].