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Day: November 7, 2023

Baltic Horizon Fund consolidated unaudited results for Q1-Q3 2023

Management Board of Northern Horizon Capital AS has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the first nine months of 2023. Leasing activityThroughout Q1-Q3 2023, the Fund secured lease extensions with anchor tenants in retail assets. Notably, the anchor grocery tenant Rimi extended its leases on the same favourable terms in both Postimaja and Galerija Centrs. The H&M store will be upgraded in Postimaja to include the H&M Home concept in November 2023, while ARKET will open in Galerija Centrs in December 2023. Meanwhile, Europa SC demonstrated a surge in letting activity during Q1-Q3 2023, with the Fund successfully securing deals for a total of 2,941 sq. m with thirteen tenants, including prominent names like Pi Pilates, Optometrijos Centras, Codekus and others. In...

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Baltic Horizon Fund consolidated unaudited results for Q1-Q3 2023

Management Board of Northern Horizon Capital AS has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the first nine months of 2023. Leasing activityThroughout Q1-Q3 2023, the Fund secured lease extensions with anchor tenants in retail assets. Notably, the anchor grocery tenant Rimi extended its leases on the same favourable terms in both Postimaja and Galerija Centrs. The H&M store will be upgraded in Postimaja to include the H&M Home concept in November 2023, while ARKET will open in Galerija Centrs in December 2023. Meanwhile, Europa SC demonstrated a surge in letting activity during Q1-Q3 2023, with the Fund successfully securing deals for a total of 2,941 sq. m with thirteen tenants, including prominent names like Pi Pilates, Optometrijos Centras, Codekus and others. In...

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Correction: Syntec Optics, Inc., a Leading Advanced Manufacturing Company, Completes Business Combination with OmniLit (Nasdaq: OLIT) and will Commence Trading on Nasdaq Under Ticker Symbol “OPTX”

ROCHESTER, NEW YORK, Nov. 07, 2023 (GLOBE NEWSWIRE) — Syntec Optics, Inc., an industry leader in ultra-high precision optics and photonics, announced today that it completed its business combination with OmniLit Acquisition Corp. (“OLIT”) on November 7, 2023. The combined company will operate under the name Syntec Optics Holdings, Inc. (“Syntec” and the “Company”). Commencing November 8, 2023, at the opening of trading, Syntec’s common stock and warrants are expected to trade on the Nasdaq Stock Exchange (“Nasdaq”) under the symbols “OPTX” and “OPTXW,” respectively. The company will continue to be led by Joe Mohr, Chief Executive Officer, alongside the rest of the current Syntec management team. OLIT’s shareholders approved the transaction at a special meeting held on October 31, 2023 (the “Annual Meeting”). Over 99.9% of the votes...

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Red Cat Reports Preliminary Record Revenue 30% Above Guidance for Second Quarter of Fiscal 2024

Artificial Intelligence enhanced camera fuels sales SAN JUAN, Puerto Rico, Nov. 07, 2023 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports preliminary revenue for the second quarter of fiscal 2024 (three months ending October 31, 2023) ahead of its quarterly filing, including:Revenue of approximately $3.9 million for fiscal second quarter of 2024, representing a sequential increase of 123% Backlog of approximately $4.5M at October 31, 2023, representing the highest amount in the Company’s history Company affirms previous guidance of approximately $5 million in revenue for the fiscal third quarter (three months ending January 31, 2024), representing...

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Dorchester Minerals, L.P. Announces Consummation of Midland Basin Lease Transaction

DALLAS, Nov. 07, 2023 (GLOBE NEWSWIRE) — Dorchester Minerals, L.P. (the “Partnership”) (NASDAQ-DMLP) announced today the successful consummation of a notable lease transaction in the Midland Basin. On November 6, 2023, the Partnership leased 243 net acres in two tracts of land in Reagan County, Texas for $30,000 per acre and a 25% royalty. Additionally, the Partnership executed an amendment to an existing lease on two separate tracts of land also totaling 243 net acres in Reagan County, Texas for $18,750 per acre. The resulting payment of approximately $11.8 million will be included in the Partnership’s fourth quarter distribution to unitholders. Dorchester Minerals, L.P. is a Dallas based owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests located...

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Global Urgent Care Apps Market Size USD 42,960.91 Million in 2032 | Emergen Research

Growing adoption of personalized medical treatment applications and ncreasing penetration of smartphones are driving the urgent care apps market Vancouver, Nov. 07, 2023 (GLOBE NEWSWIRE) — The global urgent care apps market is projected to reach value of USD 42,960.91 Million by 2032, according to a current analysis by Emergen Research. During the forecast period, the global urgent care apps market is anticipated to expand substantially, due to growing adoption of personalized medical treatment applications. Increasing penetration of smartphones is anticipated to boost the adoption of urgent care apps, thereby propelling the global urgent care apps market during the forecast period. Moreover, rising implementation and development of urgent care apps by governments is likely to fuel the market in the next few years. For instance,...

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Q1 2023/24 – Lower revenue in a challenging market

ANNOUNCEMENT NO. 247   Trading statement for Q1 2023/24 (1 July – 30 September 2023)   Lower revenue in a challenging market Revenue for the first quarter of 2023/24 was, as expected, affected by continuing challenging market conditions, declining 20% to DKK 91.1 million from DKK 113.8 million in the year-earlier period. The lower revenue was mainly due to a 50% drop in sales of instruments. EBITDA fell to DKK 41.5 million in the first quarter from DKK 65.2 million in the same period last year, while the EBITDA margin was 46%, down from 57% in the same period last year. Based on developments in the first quarter, the full-year revenue and EBITDA guidance is maintained.   HighlightsQ1 2023/24 revenue amounted to DKK 91.1 million, a year-on-year decrease of 20%. The lower revenue was primarily the result of a 50% drop in sales of...

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AEG and Onex Partners Announce Agreement to Sell Ownership Interest in ASM Global as Part of Legends’ Acquisition of ASM

All amounts in U.S. dollars unless otherwise stated LOS ANGELES and TORONTO, Nov. 07, 2023 (GLOBE NEWSWIRE) — AEG, the world’s leading sports and live entertainment company, and Onex, a leading investor and alternative asset manager, today jointly announced that AEG and Onex Partners have signed a definitive agreement to sell their entire ownership interest in ASM Global (“ASM”), a global leader in third-party venue and event management, to Legends, a global premium experiences company. The financial terms of the transaction were not disclosed. “Today’s announcement is the culmination of the journey AEG and Onex embarked on in early 2019 when we completed the merger of AEG Facilities and SMG to form ASM Global,” said Dan Beckerman, President, and Chief Executive Officer of AEG. “Our purpose has been clear from the start – to drive...

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Pro Kapital Council approved Consolidated Interim Report for III Quarter and 9 Months of 2023 (Unaudited)

MANAGEMENT REPORT CEO summary Q3 2023 marks as a continuation of the newly started developments of AS Pro Kapital Grupp.  Real estate development In Tallinn, the decision taken earlier in the year on starting the construction and sales of Kalaranna 8 last stage, has proven to be the right one. As a reminder, this last and final stage consists of 4 residential buildings with 146 apartments and 4 commercial units.  Furthermore, the decision on taking on the construction management in-house has proven to be the right step. The general contractors to this date seem to be suffering from the consequences of pandemic and the war and their pricing is simply not competitive vis-à-vis smaller contractors that we are able to engage directly. To date we have bought out the excavation/retainage works, underground monolithic concrete works and some...

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