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Month: March 2023

Brookfield Business Corporation Completes 2022 Annual Filings

BROOKFIELD, NEWS, March 17, 2023 (GLOBE NEWSWIRE) — Brookfield Business Corporation (NYSE, TSX: BBUC) today announced that it has filed its 2022 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2022, with the SEC on EDGAR as well as with the Canadian securities authorities on SEDAR. These documents are also available on our website at https://bbu.brookfield.com/bbuc in the Reports & Filings section and a hard copy will be provided to shareholders free of charge upon request. Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield...

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The Marquie Group Receives SEC Approval For S-1 Registration

ST. PETERSBURG, FL, March 17, 2023 (GLOBE NEWSWIRE) — via NewMediaWire — The Marquie Group, Inc. (OTCMKTS:TMGI) (“The Marquie Group” “TMGI” or the “Company”), today announced that its registration statement filed on Form S-1 in October 2022, has been approved by the Securities and Exchange Commission (the SEC) and is now effective. The Company will receive proceeds from the sale of securities pursuant to a $5,000,000 (five million dollar) Equity Commitment Agreement entered into with Florida based investment group, MacRab. Under the terms of the prospectus, the shares registered are comprised of 75,000,000 common shares priced at $0.01 with a potential maximum of 500,000,000 shares that may be issued under the Agreement. The Marquie Group CEO Marc Angell said, “Approval of the S-1 is a turning point for the Company which...

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Kratos Turbine Technologies UK Expands its Jet UAS/Drone Capability Set with the Addition of New Key Hires

SAN DIEGO, March 17, 2023 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a Technology Company in the Defense, National Security and Global Markets and industry-leading provider of high-performance, jet-powered unmanned aerial systems, announced today that it is further increasing its UK-based capability by the addition of key, seasoned engineering and programme/project management personnel highly experienced in jet UAS / Drone systems. Stacey Rock, President of the Kratos Turbine Technology Division, said, “This strategic and tactical decision and action we have taken helps position Kratos to be a part of key uncrewed aircraft system programs here in the UK and abroad. We’re excited about this expansion and strengthening of our technical and programme team in this rapidly growing global defence...

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Osisko Metals Announces Receipt of Shareholder and Stock Exchange Approvals for Appian Joint Venture Transaction

MONTREAL, March 17, 2023 (GLOBE NEWSWIRE) — Osisko Metals Incorporated (the “Company” or “Osisko Metals“) (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce that it expects to close its previously-announced transaction with a subsidiary of Appian Natural Resources Fund III LP (“Appian“) in late March or early April 2023, which will result in the formation of a joint venture for the advancement of Osisko Metals’ Pine Point Project (the “Transaction“). To that end, the Company is pleased to announce that it has received the requisite shareholder and stock exchange approvals to close the Transaction. Pursuant to the policies of the TSX Venture Exchange (the “Exchange“), the Company is permitted to obtain shareholder approval of the Transaction by way...

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Brookfield Infrastructure Announces Results of Reclassification of its Series 9 Preferred Units

BROOKFIELD, News, March 17, 2023 (GLOBE NEWSWIRE) — Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced that after having taken into account all election notices received by the March 16, 2023 deadline for the reclassification of its Cumulative Class A Preferred Limited Partnership Units, Series 9 (the “Series 9 Units”) (TSX: BIP.PR.E) into Cumulative Class A Preferred Limited Partnership Units, Series 10 (the “Series 10 Units”), it has determined that there will be no reclassification of Series 9 Units into Series 10 Units, and holders of Series 9 Units will retain their Series 9 Units. There were 18,000 Series 9 Units tendered for reclassification, which is less than the 1,000,000 units required to give effect to reclassifications of Series 9 Units into Series 10 Units. About Brookfield Infrastructure Brookfield...

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Horizon Bancorp, Inc. Regains Compliance with NASDAQ Listing Rule by Filing its Form 10-K

MICHIGAN CITY, Ind., March 17, 2023 (GLOBE NEWSWIRE) — (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) received notification from The NASDAQ Stock Market LLC (“NASDAQ”) yesterday that it is now in compliance with NASDAQ listing rule 5250(c)(1) (the “Rule”). The Company regained compliance with the Rule by filing its Form 10-K for the year ended December 31, 2022 (the “2022 Form 10-K”) on March 15, 2023 with the Securities and Exchange Commission (the “SEC”). Based on the filing of the 2022 Form 10-K on March 15, 2023, NASDAQ determined that the Company was back in compliance with the Rule and the matter was closed. As previously disclosed, the Company had received a letter from NASDAQ on March 6, 2023, indicating that, as a result of not having timely filed its 2022 Form 10-K by March 1, 2023 with the SEC,...

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Investor Group Led by Apollo, Together With J.F. Lehman & Company and Hill City Capital, Completes Acquisition of Atlas Air Worldwide

Atlas Air Worldwide Becomes Privately Held Company PURCHASE, N.Y., March 17, 2023 (GLOBE NEWSWIRE) — Atlas Air Worldwide (“Atlas,” “AAWW” or the “Company”), a leading global provider of outsourced aircraft and aviation operating services, today announced that the investor group led by funds managed by affiliates of Apollo (NYSE: APO), together with investment affiliates of J.F. Lehman & Company (“J.F. Lehman”) and Hill City Capital (“Hill City”), has completed its previously announced acquisition of the Company. The Company will continue to maintain its global presence, continue to operate under the Atlas Air Worldwide name and be led by President and Chief Executive Officer John Dietrich and the Company’s current executive leadership team. “Today marks the start of an exciting new chapter for Atlas, and we are eager to begin...

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Diversey Reports Fourth Quarter and Full Year 2022 Results

Reported sales +4.3% in the fourth quarter compared to prior year and full year 2022 reported sales +5.6% Net loss of $59.5 million for the fourth quarter and $169.3 million for full year 2022Fourth quarter Adjusted EBITDA was $93.4 million, representing Adjusted EBITDA margin of 13.3% Full year Adjusted EBITDA was $330.1 million, representing Adjusted EBITDA margin of 11.9%FORT MILL, S.C., March 17, 2023 (GLOBE NEWSWIRE) — Diversey Holdings, Ltd. (“Diversey”) (NASDAQ: DSEY) announced fourth quarter and full year results.  Year Ended December 31(millions)   2022     2021   % ChangeNet sales $ 2,765.9   $ 2,618.9   5.6 %Loss before taxes   (185.5 )   (149.5 ) (24.1 )%Net loss   (169.3 )   (174.8 ) 3.1 %Adjusted net income(1)   86.7     151.8   (42.9 )%       Adjusted EBITDA(1)   330.1     410.1   (19.5 )%%...

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Paul Mueller Company Announces Its Fourth Quarter Earnings of 2022

SPRINGFIELD, Mo., March 17, 2023 (GLOBE NEWSWIRE) — Paul Mueller Company (OTC: MUEL) today announced earnings for the quarter ended December 31, 2022.PAUL MUELLER COMPANYTWELVE-MONTH REPORT(In thousands)                                   CONSOLIDATED STATEMENTS OF INCOME                                         Three Months Ended   Twelve Months Ended      December 31   December 31        2022       2021       2022       2021                                     Net Sales   $  59,002     $ 46,993     $ 191,520     $ 184,613  Cost of Sales     50,082       37,461       152,286       141,558  Gross Profit    $ 8,920     $ 9,532     $ 39,234     $ 43,055  Selling, General and Administrative Expense     4,679       9,756       35,011       38,493  Operating Income (Loss)   $ 4,241     $ (224 )   $ 4,223     $ 4,562  Interest...

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Altus Group Announces First Quarter 2023 Dividend

TORONTO, March 17, 2023 (GLOBE NEWSWIRE) — Altus Group Limited (“Altus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate, announced today that the Board of Directors has approved the payment of a cash dividend of $0.15 per common share for the first quarter ending March 31, 2023. Payment will be made on April 17, 2023 to common shareholders of record as at March 31, 2023. Altus Group’s Dividend Reinvestment Plan (“DRIP”) permits eligible shareholders to direct their cash dividends to be reinvested in additional common shares of the Company. For shareholders who wish to reinvest their dividends under the DRIP, Altus Group intends to issue common shares from treasury at a price equal to 96% of the weighted average closing price of the shares for the five trading days preceding...

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