Day: May 23, 2023

LexinFintech Holdings Ltd. Reports First Quarter Unaudited Financial Results

Written by Customer Service on May 23, 2023. Posted in Earnings Releases And Operating Results.

Vintage Charge Off Curve Vintage Charge Off CurveDpd30+/GMV by Performance Windows Dpd30+/GMV by Performance WindowsFirst Payment Default 30+ First Payment Default 30+SHENZHEN, China, May 24, 2023 (GLOBE NEWSWIRE) — LexinFintech Holdings Ltd. (“Lexin” or the “Company”) (NASDAQ: LX), a leading technology-empowered personal financial service enabler in China, today announced its unaudited financial results for the quarter ended March 31, 2023. “Total loan origination for the first quarter of 2023 beat our initial expectations of over RMB60.9 billion, representing a year-over-year growth of 41.2%. Moreover, our total outstanding loan balance was over RMB107 billion, an increase of 27.7% year-over-year,” said Jay Wenjie Xiao, chairman and chief executive officer of Lexin. “We delivered a solid result in the...

PyroGenesis Receives Notice of Approval Granting 180-Day Extension to Meet NASDAQ Minimum Bid Price Requirement

Written by Customer Service on May 23, 2023. Posted in Public Companies.

MONTREAL, May 23, 2023 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a TSX30® and a Deloitte Canada Clean Technology Fast 50TM high-tech company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), announced today that it received a written notification (the “Notification Letter”) of approval from the Nasdaq Stock Market LLC (“NASDAQ”) indicating that the NASDAQ approves the Company’s request for a 180-day extension, to meet the minimum closing bid price of US$1.00 per share listing requirement under NASDAQ Listing Rule 5550(a)(2). The NASDAQ extension request approval Notification Letter has no effect on...

Broadwind Stockholders Re-Elect All Seven Incumbent Director Nominees at 2023 Annual Meeting

Written by Customer Service on May 23, 2023. Posted in Public Companies.

CICERO, Ill., May 23, 2023 (GLOBE NEWSWIRE) — Broadwind, Inc. (Nasdaq: BWEN, “Broadwind” or the “Company”), a diversified precision manufacturer of specialized components and solutions serving global markets, today announced that, based on preliminary voting tabulations provided by the Company’s proxy solicitor, Broadwind stockholders have supported the re-election of all seven Broadwind nominees to the Company’s Board of Directors (the “Board”): Eric B. Blashford, Philip J. Christman, Jeanette A. Press, David P. Reiland, Sachin M. Shivaram, Thomas A. Wagner and Cary B. Wood. Based on preliminary voting tabulations, Broadwind reports that all of its director candidates were elected by an overwhelming majority of the shares voted. The vote results are subject to certification by an independent inspector of elections. The Board...

Hesai Group Reports First Quarter 2023 Unaudited Financial Results

Written by Customer Service on May 23, 2023. Posted in Earnings Releases And Operating Results.

Quarterly net revenues were RMB429.9 million (US$62.6 million)1, an increase of 73.0% year-over-yearQuarterly LiDAR shipments were 34,8342 units, an increase of 402.9% year-over-year SHANGHAI, China, May 23, 2023 (GLOBE NEWSWIRE) — Hesai Group (“Hesai” or the “Company”), (NASDAQ: HSAI), the global leader in three-dimensional light detection and ranging (LiDAR) solutions, today announced its unaudited financial results for the three months ended March 31, 2023. Operational Highlights Q1 2023 ADAS LiDAR shipments 28,195Autonomous Mobility LiDAR shipments 6,639Total LiDAR shipments 34,834Q1 2023 ADAS LiDAR Shipments were 28,195 units, compared with 222 units in the corresponding period of 2022. Q1 2023 Total LiDAR Shipments were 34,834 units, representing 402.9% year-over-year growth.Management Remarks “We...

Helium Evolution Announces Filing of First Quarter 2023 Financial Results

Written by Customer Service on May 23, 2023. Posted in Earnings Releases And Operating Results.

Strong balance sheet, upcoming drilling program and new seismic drive HEVI closer to the ultimate goal of helium production CALGARY, Alberta, May 23, 2023 (GLOBE NEWSWIRE) — Helium Evolution Incorporated (TSXV:HEVI) (“HEVI” or the “Company“), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, today announced the filing of the Company’s interim condensed financial statements and associated management’s discussion and analysis (“MD&A”) for the three month period ended March 31, 2023 (the “Quarterly Report”). Complete details of the Quarterly Report are available on SEDAR at www.sedar.com, and on HEVI’s website. Three Month Period Ended March 31, 2023 Highlights: Three months endedTabular amounts in thousands ofCanadian Dollars, except share and per...

Timbercreek Financial Declares May 2023 Dividend

Written by Customer Service on May 23, 2023. Posted in Dividend Reports And Estimates.

TORONTO, May 23, 2023 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on June 15, 2023 to holders of Common Shares of record on May 31, 2023. The Company also offers a Dividend Reinvestment Plan (the “Plan”), which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares by reinvesting cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees. Pursuant to the Plan and at the discretion of Timbercreek Capital Inc., the Manager, Common Shares will be acquired in the open market at prevailing prices or issued from treasury at 98 percent of the average market price (the “Average...

Toll Brothers Reports FY 2023 2nd Quarter Results

Written by Customer Service on May 23, 2023. Posted in Earnings Releases And Operating Results.

Mesa Ridge – Sky View Collection Las Vegas, NVFORT WASHINGTON, Pa., May 23, 2023 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE: TOL) (TollBrothers.com), the nation’s leading builder of luxury homes, today announced results for its second quarter ended April 30, 2023. FY 2023’s Second Quarter Financial Highlights (Compared to FY 2022‘s Second Quarter):Net income and earnings per share were $320.2 million and $2.85 per share diluted, compared to net income of $220.6 million and $1.85 per share diluted in FY 2022’s second quarter. Pre-tax income was $430.6 million, compared to $295.8 million in FY 2022’s second quarter. Home sales revenues were $2.5 billion, up 14% compared to FY 2022’s second quarter; delivered homes were 2,492, up 4%. Net signed contract value was $2.3 billion, down 26% compared to FY 2022’s second...

Atea Pharmaceuticals Confirms Receipt of Unsolicited Proposal from Tang Capital Partners’ Affiliate, Concentra Biosciences

Written by Customer Service on May 23, 2023. Posted in Mergers And Acquisitions.

BOSTON, May 23, 2023 (GLOBE NEWSWIRE) — Atea Pharmaceuticals, Inc. (Nasdaq: AVIR) (“Atea”) confirmed that it has received an unsolicited proposal from Tang Capital, LP on behalf of Concentra Biosciences LLC to acquire all outstanding common shares of Atea for $5.75 per share in cash, plus a contingent value right (“CVR”) representing the right to receive 80% of the net proceeds payable from any license or disposition of Atea’s programs. Atea’s Board of Directors and management team regularly review opportunities to generate shareholder value and are committed to acting in the best interests of all shareholders. Consistent with its fiduciary duties, Atea’s Board of Directors, in consultation with its independent financial and legal advisors, will carefully review and evaluate the proposal from Tang Capital Partners’ affiliate, Concentra...

McEwen Mining Reduces Debt by 39%

Written by Customer Service on May 23, 2023. Posted in Public Companies.

TORONTO, May 23, 2023 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) (“McEwen Mining” or the “Company”) today reported that it has repaid $25 million of its senior secured debt payable to Sprott Resource Lending (“Sprott”) and Sprott is no longer a lender. Prior to the repayment, the Company had $50 million in senior secured debt and a $15 million unsecured promissory note, for a total debt of $65 million. Concurrent with the repayment to Sprott, the senior secured debt was amended and restated in the amount of $40 million bearing monthly interest at 9.75% per annum, and the promissory note was extinguished. The Company’s sole lender is now an entity owned by our Chairman and Chief Owner Rob McEwen. As a result of the debt reduction, McEwen Mining’s annual borrowing costs will decrease by approximately $2.2 million...

Owens-Brockway Glass Container Inc. Announces Pricing of Debt Tender Offer

Written by Customer Service on May 23, 2023. Posted in Public Companies.

PERRYSBURG, Ohio , May 23, 2023 (GLOBE NEWSWIRE) — FOR IMMEDIATE RELEASE O-I Glass, Inc. (NYSE: OI) (the “Company” or “OI Glass”) announced today that Owens-Brockway Glass Container Inc., a Delaware corporation and an indirect wholly owned subsidiary of the Company (“OBGC,” “we,” “us” and “our”), priced its previously announced offer to purchase for cash any and all (the “Offer”) of OBGC’s outstanding $250 million aggregate principal amount of its 5.875% Senior Notes due 2023 (the “Dollar Notes”). The Offer has been made upon the terms and subject to the conditions set forth in the offer to purchase, dated May 11, 2023 (as may be amended or supplemented from time to time, the “Offer to Purchase”), and its accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the...

Day: May 23, 2023

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