New York, July 25, 2025 (GLOBE NEWSWIRE) -- Shanghai, China July 25, 2025 – Eshallgo, Inc. (NASDAQ:EHGO) ("Eshallgo" or the "Company") today announced that on July 23, 2025, the Company received a notice from the staff of the Nasdaq Listing Qualifications department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") stating that for the last 30 consecutive business days, the closing bid price of the Company’s class A ordinary shares was below the minimum bid price of US$1.00 per share requirement set f ...

BOCA RATON, FL, July 22, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first US public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced it will publish its second quarter 2025 financial results and business outlook on its investor relations website at https://defidevcorp.com/investor?tab=Earnings on Tuesday, August 12, 2025, at approximately 4:00 p.m. Eastern Time. A video update featuring CEO Joseph Onorati, CFO John Han ...

Core Insights - Air T, Inc. (AIRT) shares increased by 9.4% following the fiscal year earnings report, outperforming the S&P 500 Index's 0.9% gain during the same period [1] - The company reported revenues of $291.9 million for the fiscal year ended March 31, 2025, marking a 1.7% increase from the previous year's $286.8 million [2] - Despite operational gains, AIRT posted a net loss per share of $2.23, an improvement from $2.42 in the prior fiscal year [2] Revenue and Earnings Overview - Operating income rose by 50.9% to $1.9 million from $1.3 million, while adjusted EBITDA improved to $7.4 million, reflecting an 18.9% increase from fiscal 2024 [2] - The adjusted EBITDA margin improved to 2.5% in fiscal 2025 from approximately 2.2% a year earlier, driven by cost discipline and a favorable sales mix [7] Segment Performance - Overnight Air Cargo segment revenues increased by 7.3% to $124 million, driven by higher labor revenue and administrative fees [3] - Ground Support Equipment revenues rose by 4.8% to $38.9 million, with an order backlog increasing to $14.3 million from $12.6 million [4] - The Commercial Aircraft, Engines and Parts segment saw a revenue decline of 5.8% to $118.2 million, but adjusted EBITDA surged by 60.7% to $9.8 million [5] - Digital Solutions segment revenues grew by 25.7% to $7.3 million, although it posted an adjusted EBITDA loss of $0.3 million due to higher personnel expenses [6] Key Business Metrics - AIRT's equity method investment balance grew to $19 million from $16.7 million, indicating expansion in joint ventures and non-operating assets [7] - FedEx dry-lease arrangements accounted for 39% of total consolidated revenues in fiscal 2025, up from 36% in fiscal 2024 [8] Management Commentary - Chairman and CEO Nick Swenson expressed optimism about the company's progress in building long-term shareholder value and highlighted new products and marketing initiatives [9] - Management continues to repurchase shares in the open market, aligning with shareholder interests [9] Future Outlook - AIRT did not provide specific numeric guidance for fiscal 2026 but plans to invest in engine parts inventory and expand commercial aircraft leasing activities [13] - The launch of Runway Aero Advisors LLC in January 2025 reflects a strategy to enhance capital-raising and advisory capabilities [15] Financial Developments - On March 31, 2025, AIRT amended its credit agreement with Alerus Bank, adding a $3 million Overline Note and a $14 million revolving credit facility, enhancing financial flexibility [14]

Group 1 - Microsoft announced layoffs of approximately 9,000 workers, representing less than 4% of its global workforce, as part of its restructuring efforts [1][4] - The company has already cut over 10,000 jobs in 2023, including a previous round of layoffs in May that affected more than 6,000 positions [4][5] - The layoffs aim to streamline management layers and reallocate resources towards artificial intelligence initiatives [1][3] Group 2 - Microsoft reported nearly $26 billion in net income and $70 billion in revenue for the most recent quarter, exceeding Wall Street expectations [3] - The company is projecting a strong revenue growth of 14% year-over-year, driven by its Azure cloud business and corporate software subscriptions [6] - Microsoft shares have increased by more than 17% so far this year [6] Group 3 - The company is considering pausing negotiations with OpenAI regarding the size of its future stake, while relying on an existing contract with OpenAI through 2030 [7] - Other software companies, such as Chegg and CrowdStrike, have also reduced their workforces this year [7]

Group 1 - Microsoft will lay off about 9,000 employees, affecting less than 4% of its global workforce [1] - The layoffs are part of ongoing organizational changes to position the company for success in a dynamic marketplace [2] - Microsoft has already conducted several rounds of layoffs in 2023, including cuts of less than 1% in January, over 6,000 jobs in May, and at least 300 in June [2] Group 2 - The largest previous layoff occurred in 2014 when Microsoft eliminated 18,000 jobs after acquiring Nokia's devices and services business [3] - The current layoffs aim to reduce management layers between individual contributors and top executives [3] Group 3 - Microsoft reported nearly $26 billion in net income on $70 billion in revenue for the March quarter, exceeding Wall Street's expectations [4] - The company anticipates about 14% year-over-year revenue growth in the June quarter, driven by Azure cloud services and corporate productivity software subscriptions [4] Group 4 - Other software providers, such as Autodesk, Chegg, and CrowdStrike, have also reduced their workforce in 2025 [5] - The U.S. private sector lost 33,000 jobs in June, contrary to economists' predictions of a 100,000 job increase [5]

Core Viewpoint - DeFi Development Corp. plans to offer $100 million in convertible senior notes due 2030, with an option for an additional $25 million, to qualified institutional buyers, aiming to enhance its treasury strategy focused on accumulating Solana (SOL) [1][2] Group 1: Offering Details - The offering of convertible senior notes is subject to market conditions and will be made under Rule 144A of the Securities Act [1] - The notes will accrue interest semi-annually starting January 1, 2026, and will mature on July 1, 2030, unless converted or repurchased earlier [3] - The initial conversion rate and other terms will be determined during pricing negotiations with initial purchasers [4] Group 2: Use of Proceeds - A portion of the net proceeds will be used to repurchase shares of the Company's common stock, while the remainder will be allocated for general corporate purposes, including acquiring SOL [2] Group 3: Prepaid Forward Transaction - The Company plans to enter a prepaid forward stock purchase transaction with an initial purchaser to facilitate derivative transactions, allowing investors to hedge their investments in the convertible notes [5][6] - This prepaid forward is expected to enable investors to establish short positions that may correspond to their investment hedges [6] Group 4: Market Impact - Activities related to the prepaid forward may influence the market price of the common stock and the convertible notes, potentially affecting conversion prices and the value received by noteholders upon conversion [8][7] Group 5: Company Overview - DeFi Development Corp. has a treasury policy that primarily allocates its reserves to SOL, providing investors with direct exposure to the cryptocurrency while participating in the Solana ecosystem [9] - The Company operates its own validator infrastructure, generating staking rewards and is engaged in decentralized finance (DeFi) opportunities [9]

BOCA RATON, FL, June 23, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first US public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced updated timing for its upcoming shareholder communications. The Company will now publish its June 2025 Shareholder Letter and Business Update on Tuesday, July 1, 2025, at approximately 4:00 p.m. Eastern Time on its investor relations website at https://defidevcorp.com/investor. This supe ...

BOCA RATON, FL, June 16, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first US public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced it will publish its June 2025 Shareholder Letter and Business Update on its website at https://defidevcorp.com/investor on Wednesday, June 25, 2025, at approximately 4:00 p.m. Eastern Time. A video update featuring CEO Joseph Onorati, CFO John Han, COO & CIO Parker White, and Head of Inve ...

BOCA RATON, FL, June 12, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company” or “DeFi Dev Corp.”), the first U.S. public company with a treasury strategy built to accumulate and compound Solana (“SOL”), announced today it will host a live Twitter Spaces event on Monday, June 16, 2025 at 1:00 PM ET to walk investors through the company’s recent S-1 filings, its newly announced $5 billion Equity Line of Credit (ELOC), and broader public market capital strategy. The session will featu ...

BOCA RATON, FL, June 12, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the “Company” or “DeFi Dev Corp.”), the first U.S. public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced it has entered into a share purchase agreement (the “ELOC”) with RK Capital Management LLC (“RK Capital”). Under the ELOC, the Company will have the right, but not the obligation, to issue and sell up to $5 billion in shares of its common stock to RK Capital, subject ...