Month: February 2023

Global Entertainment Holdings Completes Share Exchange Merger with Mesa Garage Doors

Written by Customer Service on February 10, 2023. Posted in Mergers And Acquisitions.

LOS ANGELES, Feb. 09, 2023 (GLOBE NEWSWIRE) — Global Entertainment Holdings, Inc. (OTC: GBHL) (the “Company” or “Global”), an independent global entertainment content production and OTT streaming distribution company, today announced the completion of a share exchange transaction with DCE Construction, Inc., d/b/a Mesa Garage Doors (“Mesa”), a Southern California-based leader in home improvement solutions focused on selling, servicing and installing garage and entry doors as well as custom gates. This transaction follows an initial transaction which closed on January 9, 2023 where the founders of Mesa purchased a controlling interest in the Company through the acquisition of the substantial majority of Global’s Series C Convertible Preferred Stock. The transaction was effected through a Share Exchange and...

The Keg Royalties Income Fund announces February 2023 cash distribution

Written by Customer Service on February 10, 2023. Posted in Dividend Reports And Estimates.

VANCOUVER, British Columbia, Feb. 09, 2023 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) today announced that its February 2023 distribution of $0.0946 per unit has been declared and is payable to unitholders of record as at February 21, 2023. The February 2023 distribution will be paid on February 28, 2023. The Fund is a limited purpose, open-ended trust established under the laws of the Province of Ontario that, through The Keg Rights Limited Partnership, a subsidiary of the Fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. (“KRL”). In exchange for use of those trademarks, KRL pays the Fund a royalty of 4% of gross sales of Keg restaurants included in the royalty pool. With approximately 10,000 employees, over 100 restaurants and annual system sales...

Goal Acquisitions Corp. and Digital Virgo Announce Confidential Submission of Registration Statement in Connection with the Proposed Business Combination

Written by Customer Service on February 10, 2023. Posted in Mergers And Acquisitions.

LYON, France and AUSTIN, Texas, Feb. 09, 2023 (GLOBE NEWSWIRE) — Goal Acquisitions Corp. (Nasdaq: PUCK) (“Goal”), a publicly traded special purpose acquisition company, and Digital Virgo Group (“Digital Virgo”), a global leader providing access to mobile content, entertainment, and commerce payable on a phone bill, that is building a one destination hub enabling users to access the services and products they want with just a mobile device—no credit card or bank account needed, using carrier billing solutions or alternative payment methods, today announced the confidential submission on February 8, 2023 with the U.S. Securities and Exchange Commission (the “SEC”) of a draft registration statement on Form F-4 in relation to a previously announced business combination between Goal and Digital Virgo (“Business Combination”). The agreement...

Sangoma Announces Second Quarter Fiscal 2023 Results

Written by Customer Service on February 9, 2023. Posted in Earnings Releases And Operating Results.

Revenue increases 17% year-over-year, with Services Revenue growing 35% versus Q2 last year MARKHAM, Ontario, Feb. 09, 2023 (GLOBE NEWSWIRE) — Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) (“Sangoma” or the “Company”), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced its second quarter financial results and unaudited consolidated financial statements for the fiscal quarter ended December 31, 2022. Revenue for the second quarter of fiscal 2023 was $62.04 million, an increase from the prior year of 17%.As a reminder, Sangoma completed its acquisition of NetFortris on March 28, 2022.US $m Q2 FY2023 Q2 FY2022 Change Q1 FY2023 ChangeRevenue $62.04 $53.19 17% $64.05 (3%)Gross profit $42.79 $38.35 12% $43.34 (1%)Operating expense $44.26 $39.19 13% $44.41 (0%)Adjusted...

D-BOX Technologies’ Third Quarter Results Highlighted by 87% Revenue Increase

Written by Customer Service on February 9, 2023. Posted in Earnings Releases And Operating Results.

Strong surge in system sales drives second best revenue quarter on recordTotal revenues grew 87% to $10.5 million compared to same quarter last year System sales revenues increased 143% to $8.4 million Sixth consecutive quarter of positive adjusted EBITDA* Net loss decreased to $0.1 million compared to $0.3 million in the third quarter of 2022MONTREAL, Feb. 09, 2023 (GLOBE NEWSWIRE) — D-BOX Technologies Inc. (“D-BOX” or the “Corporation”) (TSX: DBO) a world leader in haptic and immersive experiences, today reported financial results for the third quarter of fiscal 2023 ended December 31, 2022. All dollar amounts are expressed in Canadian currency. “The third quarter was our second-best quarter ever in terms of revenue, building on our strong fiscal 2023 year-to-date performance,” said Sébastien Mailhot, President...

LMP Automotive Holdings, Inc. Declared a Special Cash Dividend of $4.68 Per Share Payable on February 28, 2023 To All Stockholders of Record as of February 13, 2023

Written by Customer Service on February 9, 2023. Posted in Dividend Reports And Estimates.

FORT LAUDERDALE, Fla., Feb. 09, 2023 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, declared a special cash dividend of $4.68 per share. The dividend is anticipated to be paid on February 28, 2023 to all stockholders of record as of February 13, 2023. In addition, the Company’s subsidiaries entered into definitive agreements to sell its Subaru and Kia dealerships in Beckley, West Virginia. “The Board and the management team all believe that, given the nature of our portfolio, pursuing multiple transactions with different potential buyers for assets or groups of assets presents the best opportunity to maximize stockholder value including proceeds to be distributed to stockholders,” said Sam Tawfik, Chief Executive Officer and...

Interfor Reports Q4’22 Results

Written by Customer Service on February 9, 2023. Posted in Earnings Releases And Operating Results.

Adjusted EBITDA loss of $69 million and Net Loss of $72 million BURNABY, British Columbia, Feb. 09, 2023 (GLOBE NEWSWIRE) — INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) recorded a Net loss in Q4’22 of $72.2 million, or $1.40 per share compared to Net earnings of $3.5 million, or $0.06 per share in Q3’22 and $69.7 million, or $1.15 per share in Q4’21. Adjusted EBITDA was a loss of $68.7 million on sales of $810.3 million in Q4’22 versus Adjusted EBITDA of $129.5 million on sales of $1.0 billion in Q3’22 and Adjusted EBITDA of $149.5 million on sales of $675.9 million in Q4’21. Notable items in the quarter:Moderating Lumber Demand and Lower PricesLumber demand moderated during the quarter due in part to rising interest rates across North America, contributing to significantly lower lumber prices quarter-over-quarter....

Park Aerospace Corp. Increases Regular Quarterly Cash Dividend and Declares Special Dividend

Written by Customer Service on February 9, 2023. Posted in Dividend Reports And Estimates.

NEWTON, Kan., Feb. 09, 2023 (GLOBE NEWSWIRE) — Park Aerospace Corp. (NYSE-PKE) announced that, at its regular meeting on February 9, 2023, its Board of Directors:Approved a 25% increase in the Company’s regular quarterly cash dividend from the current rate of $0.10 per share to a new rate of $0.125 per share; Declared a regular quarterly cash dividend of $0.125 per share payable May 5, 2023 to shareholders of record at the close of business on April 3, 2023; and Declared a special dividend of $1.00 per share payable April 6, 2023 to shareholders of record at the close of business on March 9, 2023. The total amount of this special dividend is expected to be approximately $20.5 million.Park paid its first regular quarterly cash dividend on November 22, 1985 (that first regular cash dividend was a one cent dividend adjusted for...

5E Advanced Materials Reports Second Quarter 2023 Results

Written by Customer Service on February 9, 2023. Posted in Earnings Releases And Operating Results.

HIGHLIGHTSPre-commissioning activities commenced prior to quarter-end with plan to commence operations in late Q1 or early Q2 of calendar year 2023 Continued track record of zero lost time incidents with over 83,000-man hours recorded in the quarter Commenced workstream exploring options to accelerate the large-scale boron and lithium complex Signed letter of intent with Estes Energetics to collaborate in producing boron-based materials for solid rocket motors Recruitment efforts for CEO well underwayHOUSTON, Feb. 09, 2023 (GLOBE NEWSWIRE) — 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (“5E” or the “Company”), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas (Fort Cady) Complex, today announced its financial results for the quarter ended December 31, 2022. BUSINESS...

Fortis Inc. Announces Second Quarter Dividends – 2023

Written by Customer Service on February 9, 2023. Posted in Dividend Reports And Estimates.

ST. JOHN’S, Newfoundland and Labrador, Feb. 09, 2023 (GLOBE NEWSWIRE) — The Board of Directors of Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) has declared the following dividends:$0.3063 per share on the First Preference Shares, Series “F” of the Corporation, payable on June 1, 2023 to the Shareholders of Record at the close of business on May 17, 2023; $0.2745625 per share on the First Preference Shares, Series “G” of the Corporation, payable on June 1, 2023 to the Shareholders of Record at the close of business on May 17, 2023; $0.11469 per share on the First Preference Shares, Series “H” of the Corporation, payable on June 1, 2023 to the Shareholders of Record at the close of business on May 17, 2023; $0.371529 per share on the First Preference...

Month: February 2023

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