PSYC Begins Business Overhaul Process with Consolidation of 10 Previously Issued Convertible Debentures

Written by Customer Service on March 12, 2024. Posted in Public Companies.

LAS VEGAS, NV, March 12, 2024 (GLOBE NEWSWIRE) — PSYC Corporation (OTCPink: PSYC) (“PSYC” or the “Company”), announces the consolidation of 10 previously issued convertible debentures (“the Debentures”). The Debentures were executed between the Company and its long-standing investment partner, RB Capital Partners, Inc. (“RB Capital”), and were originally issued between January 2023 and October 2023. The consolidated note provides for a reduction in interest rate from its original 10% to 8% and is set at a 24-month term. Furthermore, the share price conversion rate on this newly executed consolidated note is set at a rate of $0.05. RB Capital is the Company’s largest Debenture holder, and the Company sees this consolidation as a demonstration of their continued faith and commitment to the Company’s long-term growth potential. Moreover,...

Logan Ridge Finance Corporation to Delay Fourth Quarter and Full Year 2023 Earnings Release and Conference Call; Provides Preliminary Financial Results

Written by Customer Service on March 12, 2024. Posted in Public Companies.

Preliminarily Reports Strong 2023 Results with Net Investment Income of $1.43 Per Share, Total Investment Income of $20.2 Million Announces a Distribution of $0.32 Per Share for the First Quarter of 2024, an Increase of 7% Compared to Prior Quarter; Fourth Consecutive Quarterly Distribution Increase Total Distributions Paid During 2023 Amount to $0.96 Per Share NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) — Logan Ridge Finance Corporation (“Logan Ridge”, “Logan”, “LRFC”, “Company”, “we”, “us” or “our”) (Nasdaq: LRFC) announced today that it will delay the investor conference call previously scheduled for 10:00 am ET on Thursday, March 14, 2024. Additional time is required to complete the year-end financial statements due to a tax-related item that is not expected to impact the Company’s net asset value or net income. The Company...

Reykjavík Energy – Green Bond Auction Results

Written by Customer Service on March 12, 2024. Posted in Public Companies.

Today, March 12th, 2024, Reykjavík Energy (RE; Orkuveitan) concluded a green bond auction in the green bond classes OR020934 GB and OR180255 GB. OR020934 GB bears fixed indexed interest and pays equal payments every six months with a final maturity date of September 2nd, 2034. Previously, bonds have been issued in the category with a nominal value of ISK 21,607 million. The series attracted bids totaling ISK 1,075 million nominal value at yields between 3,73-3,85%. OR accepted bids amounting to ISK 875 million at a yield of 3,79%. OR180255 GB bears fixed indexed interest and pays equal payments every six months with a final maturity date of February 18th, 2055. Previously, bonds in the category have been issued with a nominal value of ISK 29,921 million. The series attracted bids totaling ISK 900 million nominal value at yields between...

Canacol Energy Ltd. To Announce Fourth Quarter and Fiscal Year 2023 Financial Results on Thursday, March 21, 2024; Hold Conference Call on Friday, March 22, 2024

Written by Customer Service on March 12, 2024. Posted in Public Companies.

CALGARY, Alberta, March 12, 2024 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) will announce its fourth quarter and fiscal year 2023 financial results on Thursday, March 21, 2024, after the market closure. Senior Management will hold a Conference Call to discuss results on Friday, March 22, 2024, at 8:00 a.m. MT / 10:00 a.m. ET. The conference call may be accessed by dial in or via webcast: Pre-register for the Conference Call: https://dpregister.com/sreg/10187128/fbc9f04ca0 Dial In Toll Free: 1-844-784-1724 Participant International Dial In: 1-412-317-6716 Canada Toll Free: 1-866-450-4696 Colombia Toll Free: 01800-9-156803 UK Toll Free: 08082389064 Webcast link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=DQhrd5kW All...

Nubeva Announces Departure of CMO Steve Perkins Amid AI Strategy Shift

Written by Customer Service on March 12, 2024. Posted in Public Companies.

SAN JOSE, Calif., March 12, 2024 (GLOBE NEWSWIRE) — Nubeva Technologies (TSX-V: NBVA), a cybersecurity company specializing in ransomware decryption and recovery, today announced that Steve Perkins has stepped down as Chief Marketing Officer (CMO). This transition comes at a time when Nubeva is sharpening its focus on leveraging Artificial Intelligence (AI) to redefine ransomware reversal and enhance cybersecurity measures globally. Steve Perkins has been instrumental in shaping the company’s marketing strategy and contributing to its success. However, as Nubeva embarks on a new phase of innovation and growth, both parties recognize the need for a change. “Nubeva is entering an exciting era, with AI at the forefront of our strategy to combat ransomware more effectively. Steve has played a crucial role in our journey,...

Qifu Technology Announces Fourth Quarter and Full Year 2023 Unaudited Financial Results, Declares Semi-Annual Dividend and Announces a New Share Repurchase Plan

Written by Customer Service on March 12, 2024. Posted in Earnings Releases And Operating Results.

Full Year 2023 Total Facilitation and Origination Loan Volume*1 of RMB475.8 BillionFull Year 2023 Net Income of RMB4.3 Billion and Non-GAAP*2 Net Income of RMB4.5 BillionEstimated US$170 Million Cash Dividends for Full Year 2023*3 and Approximately US$132 Million Aggregate Value of ADSs Repurchased*4 Since the Launch of the Share Repurchase Plan in June 2023Announce A New US$350 Million Share Repurchase Plan and Reaffirm Existing Semi-Annual Dividend Policy SHANGHAI, China, March 12, 2024 (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 fourth quarter and full year ended December 31, 2023, declared semi-annual dividend and announced a new share repurchase plan. Fourth Quarter...

Spirit Blockchain Capital and Vesta Equity Announce Strategic Mutual Investment

Written by Customer Service on March 12, 2024. Posted in Public Companies.

Please click here to view image VANCOUVER, British Columbia, March 12, 2024 (GLOBE NEWSWIRE) — Spirit Blockchain Capital Inc. (the “Company” or “Spirit”) (CSE: SPIR), a leader in blockchain and digital asset investments, and Vesta Equity Inc. (“Vesta Equity”), a pioneer in the tokenization of residential equity, jointly announce, that Spirit and Vesta Equity have entered into an agreement for Spirit to make a strategic investment in Vesta Equity. With this investment, Spirit and Vesta Equity intend to collaborate on initiatives focused on innovating the real estate investment sector, enhancing the scope of investment options, and introducing novel opportunities for asset owners and investors. Vesta Equity’s innovative platform is engineered to allow property owners to access their equity without resorting to...

Apollo Funds Agree to Sell 28.4% Stake in Vallourec to ArcelorMittal

Written by Customer Service on March 12, 2024. Posted in Public Companies.

NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed Funds (“Apollo Funds” or the “Funds”) have agreed to sell 65.2 million common equity shares in Vallourec SA (Euronext: VK; “Vallourec”, the “Company”), a value-added manufacturer of premium tubular steel products, for €14.64 per share to ArcelorMittal. The shares sold represent a 28.4% equity interest1 in Vallourec and a total transaction value of approximately €955 million, and upon close will mark the Apollo Funds’ exit of the investment. “We’re proud of the extremely strong results achieved during our Funds’ ownership as the Company transformed its operations under a top leadership team led by Philippe Guillemot and established itself as a focused world leader in the manufacturing of high performance tubular products. Along with...

AITX’s RAD Updates Profitability and Financing Outlook

Written by Customer Service on March 12, 2024. Posted in Public Companies.

Company Confirms August 2024 Timeframe Detroit, Michigan, March 12, 2024 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), a leader in AI-driven security and productivity solutions, today reconfirmed its expected achievement of operational profitability by August 2024. This forecast aligns with the projections shared during the annual investor event in November 2023, signaling sustained momentum in the Company’s growth trajectory. Steve Reinharz, CEO/CTO of AITX and wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD), shared his enthusiasm for the Company’s progress, stating, “We’re continuing to see a reduction in the need for additional funding to sustain our operations, thanks to our rapidly increasing revenues. Achieving operational profitability...

Altitude Acquisition Corp. Announces Liquidation of Trust Account

Written by Customer Service on March 12, 2024. Posted in Public Companies.

ATLANTA, March 12, 2024 (GLOBE NEWSWIRE) — Altitude Acquisition Corp. (Nasdaq: ALTUU, ALTU, ALTUW) (the “Company”), today announced that it will redeem all of its outstanding shares of Class A common stock initially issued as part of the units sold in its initial public offering (the “Public Shares”), effective as of March 12, 2024, because the Company will not consummate an initial business combination within the time period required by its amended and restated certificate of incorporation. The Company further announced that it will not proceed with the previously-announced hearing before a hearings panel of the Nasdaq Stock Market (“Nasdaq”) with respect to Nasdaq IM-5101-2, which requires that a special purpose acquisition company complete one or more business combinations within 36 months of the effectiveness of its initial...

Day: March 12, 2024

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