Year: 2023

PyroGenesis Announces Commencement of Trading on the OTCQX Best Market in the United States

Written by Customer Service on November 16, 2023. Posted in Public Companies.

Maintains Listing on the Toronto Stock Exchange MONTREAL, Nov. 16, 2023 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, today announces that the Company’s common shares (“Shares”) have been qualified to begin trading on the OTCQX Best Market, effective November 16, 2023 under the symbol “PYRGF.” As announced in the previous press release dated October 27, 2023, the Company made a strategic decision to voluntarily delist from NASDAQ and, as such, trading in the Company’s Shares on that exchange ceased on November 16, 2023. The...

Intchains Group Limited Reports Third Quarter 2023 Unaudited Financial Results

Written by Customer Service on November 16, 2023. Posted in Earnings Releases And Operating Results.

SHANGHAI, China, Nov. 16, 2023 (GLOBE NEWSWIRE) — Intchains Group Limited (Nasdaq: ICG) (“we,” or the “Company”), a provider of integrated solutions consisting of high-performance computing ASIC chips and ancillary software and hardware for blockchain applications, today announced its unaudited financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Operating and Financial HighlightsSales volume of ASIC chips was 165,056 units for the third quarter of 2023, representing a decrease of 70.3% from 555,350 units for the same period of 2022. Revenue was RMB6.8 million (US$0.9 million) for the third quarter of 2023, representing a decrease of 94.6% from RMB126.4 million for the same period of 2022. Net loss was RMB19.1 million (US$2.6 million) for the third quarter of 2023, compared to a net income of RMB96.6...

ADDvantage Technologies Group, Inc. Completes 1-for-10 Reverse Stock Split as Part of Nasdaq Compliance Plan

Written by Customer Service on November 16, 2023. Posted in Public Companies.

CARROLLTON, Texas, Nov. 16, 2023 (GLOBE NEWSWIRE) — ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage Technologies” or the “Company”) today announced that on November 16, 2023, ADDvantage Technologies Group, Inc. effected a one-for-10 (1:10) reverse stock split of all issued and outstanding shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”) effective as of 12:01 a.m. Eastern Time on November 16, 2023 (the “Reverse Stock Split”), vide a Certificate of Amendment to the Certificate of Incorporation of ADDvantage Technologies Group, Inc. (the “Certificate of Amendment”) filed with the Secretary of State of Oklahoma on November 16, 2023, and deemed effective on November 16, 2023 at 12:01 a.m. Eastern Time. The Reverse Stock Split was intended to bring the Company into compliance with the...

Movella Announces Notification from Nasdaq Related to Delayed Form 10-Q Filing

Written by Customer Service on November 16, 2023. Posted in Public Companies.

HENDERSON, Nev., Nov. 16, 2023 (GLOBE NEWSWIRE) — Movella Holdings Inc. (NASDAQ: MVLA) (“Movella”), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, announces today that it received a notice (the “Notice”) from the Listing Qualifications Staff of the Nasdaq Stock Market LLC (“Nasdaq”) on November 16, 2023 stating that Movella is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of Movella’s failure to timely file its quarterly report on Form 10-Q for the quarter ended September 30, 2023 (the “Quarterly Report”) with the Securities and Exchange Commission (the “SEC”). On November 15, 2023, Movella filed a Notification of Late Filing on Form 12b-25 indicating that the filing of the Quarterly Report would be delayed principally due to the ongoing review by...

Midland Announces First Closing of Private Placement, for an Amount of $2.0M

Written by Customer Service on November 16, 2023. Posted in Public Companies.

MONTREAL, Nov. 16, 2023 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce that it has completed the first closing of a non-brokered private placement by issuing a total of 2,651,228 flow-through common shares at $0.65 per share and 666,666 common shares at $0.45 per share, for total gross proceeds of $2,023,300 (the “Private Placement”). The securities issued in connection with the Private Placement are subject to a four-month-and-one-day statutory hold period expiring on March 17, 2024. Midland will use the Private Placement proceeds to fund exploration works on its properties located in Quebec and for general corporate purposes. Insiders have participated in the Private Placement and were issued 269,000 flow-through common shares, for total gross proceeds of $174,850. Such participation...

Breakthrough Ventures Acquires Penguin Wellness in All-Cash Deal

Written by Customer Service on November 16, 2023. Posted in Mergers And Acquisitions.

NEW YORK, Nov. 16, 2023 (GLOBE NEWSWIRE) — FE International, Inc., the global market leader in mid-market technology mergers and acquisitions (M&A), is pleased to announce the acquisition of Penguin Wellness, an ultra-luxury supplement brand, by Breakthrough Ventures, a health and wellness holding company. Purchased by Verma Brands in 2021, Penguin’s flagship product includes its robust CBD product line, as well as its protein powder, pre-workout, and collagen SKUs. With a focus on high-end products, the company has established itself as one of the most recognized names within the CBD space. For the owner of Verma Brands, AJ Agrawal, this marks the second acquisition in the past four years. Agrawal sold Verma Farms for eight figures in 2021. The owner of Penguin Wellness, AJ Agrawal, will sell his entire interest in the business...

Qifu Technology Announces Third Quarter 2023 Unaudited Financial Results

Written by Customer Service on November 16, 2023. Posted in Earnings Releases And Operating Results.

SHANGHAI, China, Nov. 16, 2023 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced its unaudited financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Business HighlightsAs of September 30, 2023, our platform has connected 155 financial institutional partners and 227.9 million consumers*1 with potential credit needs, cumulatively, an increase of 12.0% from 203.5 million a year ago. Cumulative users with approved credit lines*2 were 49.2 million as of September 30, 2023, an increase of 14.4% from 43.0 million as of September 30, 2022. Cumulative borrowers with successful drawdown, including repeat borrowers was 29.4 million as of September 30, 2023, an increase of 11.9% from 26.3 million...

Post Holdings Reports Results for the Fourth Quarter and Fiscal Year 2023

Written by Customer Service on November 16, 2023. Posted in Earnings Releases And Operating Results.

ST. LOUIS, Nov. 16, 2023 (GLOBE NEWSWIRE) — Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today reported results for the fourth fiscal quarter and fiscal year ended September 30, 2023. Highlights:Fourth quarter net sales of $1.9 billion; operating profit of $153.0 million; net earnings from continuing operations of $65.7 million and Adjusted EBITDA (non-GAAP)* of $349.0 million Fiscal year net sales of $7.0 billion; operating profit of $598.9 million; net earnings from continuing operations of $301.3 million and Adjusted EBITDA of $1,233.4 million Fiscal year 2024 Adjusted EBITDA (non-GAAP)* expected to range between $1,200-$1,260 million*For additional information regarding non-GAAP measures, such as Adjusted EBITDA, Adjusted net earnings from continuing operations, Adjusted diluted earnings from...

U.S. Global Investors Announces Solid Financial Results for Fiscal Year 2023, with Net Income Per Share of $0.22, 23% Operating Margin and Increased Working Capital

Written by Customer Service on November 16, 2023. Posted in Earnings Releases And Operating Results.

JETS Outperformed the Market and Airline StocksBloomberg, U.S. Global InvestorsSAN ANTONIO, Nov. 16, 2023 (GLOBE NEWSWIRE) — U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a registered investment advisory firm with longstanding experience in global markets and specialized sectors from gold to airlines, is pleased to report financial results for the fiscal year ended June 30, 2023. For the 12-month period, net income was $3.1 million, or $0.22 per share, and operating income was $3.5 million. Operating margin was a healthy 23% on operating revenues of $15.1 million, despite average assets under management (AAUM) declining 35.6%, from $3.9 million during fiscal 2022 to $2.5 million during the fiscal year ended June 30, 2023. As of June 30, 2023, the Company had net working capital of approximately $37.4 million,...

Amalgamated Financial Corp. Appoints Julieta Ross and Scott Stoll to its Board of Directors

Written by Customer Service on November 16, 2023. Posted in Public Companies.

NEW YORK, Nov. 16, 2023 (GLOBE NEWSWIRE) — Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced it has appointed Julieta Ross and Scott Stoll as its newest members to the Company’s Board of Directors, effective immediately. Dr. Ross has an extensive background in the broader financial services risk management landscape, with over 20 years of global banking technology leadership and experience. With a proven track record of building and scaling businesses while leveraging digital technologies, she offers a vast understanding on the integration of new technology perspectives in the process of building market-leading banking platforms and avant-garde digital capabilities. Mr. Stoll is a recognized leader with over 40 years of experience in the banking, insurance, and asset management industries,...

Year: 2023

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