May 20, 2024 – Page 5 – Goldea Capital

Star Equity Holdings Announces Acquisition of Timber Technologies

Written by Customer Service on May 20, 2024. Posted in Mergers And Acquisitions.

Enters Engineered Wood Products Market Substantially Improves Cash Flow OLD GREENWICH, Conn., May 20, 2024 (GLOBE NEWSWIRE) — Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified holding company, announced today it has completed the acquisition of Timber Technologies, LLC (“Timber Tech”), a Wisconsin-based engineered wood products manufacturer, effective May 17, 2024. Transaction Highlights $23 million cash-free, debt-free purchase price. $23 million includes: $16 million in upfront cash; $4 million in deferred cash; and a $3 million, 2-year earn-out payable 50% in cash and 50% in shares of STRRP preferred stock. Earn-out Adj. EBITDA targets are $5.4 million and $6.0 million for years 1 and 2, respectively. Associated real estate will be acquired in June 2024 for $3 million in a separate transaction. Closed...

NETSOL Technologies Reports 14% Revenue Growth and EPS of $0.03 in Fiscal Third Quarter 2024

Written by Customer Service on May 20, 2024. Posted in Earnings Releases And Operating Results.

14% increase in Total Revenues to $15.5 million in 3Q ‘24 60% increase in 3Q ‘24 Services Revenues to $7.8 million compared to 3Q ‘23 3Q ‘24 Gross Margins of 48% increased from 35% in 3Q ’23 Third consecutive quarter of profitability On pace to meet target revenue range of $60 – $61 million for FY ‘24 Targeting FY ’24 Subscription and Support Revenue of $28 million Establish AI integration as major company wide initiative ENCINO, Calif., May 20, 2024 (GLOBE NEWSWIRE) — NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and asset finance solutions provider, reported results for the third quarter and nine months of fiscal 2024 ended March 31, 2024. Najeeb Ghauri, Co-Founder and Chief Executive Officer of NETSOL Technologies, commented, “The third quarter of 2024 was another very strong quarter for our business...

Mawson Infrastructure Group Inc. Announces Monthly Operational Update for April 2024

Written by Customer Service on May 20, 2024. Posted in Public Companies.

Total Overall Revenue up 65% Y/Y from April last year Self-Mining Business Revenue up 73% Y/Y from April last year Co-Location Business Revenue up 105% Y/Y from April last year Announced 20 MW Expansion Plan increasing total capacity to 129 MW MIDLAND, Pa., May 20, 2024 (GLOBE NEWSWIRE) — Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or “the Company”), a digital infrastructure company, announced today its unaudited business and operational update for April 2024. Rahul Mewawalla, CEO and President, commented, “We are pleased with another strong month of year-over-year growth with our total overall revenue growing 65% this April over last year, driven by operational focus and execution across our self-mining and co-location services businesses. We drove growth in our self-mining business revenue by 73% and our co-location...

Norwegian Cruise Line Holdings Ltd. Announces “Charting the Course” Strategy and New 2026 Financial Targets; Increases Full Year 2024 Guidance

Written by Customer Service on May 20, 2024. Posted in Public Companies.

Strategic initiatives lay foundation to deliver on the Company’s vision to have guests across its brands“Vacation Better. Experience More.” Company’s Charting the Course 2026 Targets include key financial metrics and affirm commitment to reduce greenhouse gas intensity. MIAMI, May 20, 2024 (GLOBE NEWSWIRE) — Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (together with NCL Corporation Ltd., (“NCLC”), “Norwegian Cruise Line Holdings”, “Norwegian”, “NCLH” or the “Company”) will hold its Investor Day today at the New York Stock Exchange where it will discuss its new comprehensive “Charting the Course” strategy, which includes a refreshed vision; strategic initiatives centered around four pillars encompassing people, product, growth platform and performance; and three-year financial and sustainability targets geared at enhancing...

Orbit International Corp. Reports 2024 First Quarter Results

Written by Customer Service on May 20, 2024. Posted in Earnings Releases And Operating Results.

First Quarter 2024 Net Loss of $751,000 ($0.22 loss per share) v. Net Loss of $1,117,000 ($0.33 loss per share) in Prior Period First Quarter 2024 EBITDA, as adjusted, was a loss of $551,000 ($0.16 loss per share) v. loss of $1,134,000 ($0.34 loss per share) in Prior Period Backlog at March 31, 2024 up 37.3% from 2023 year-end HAUPPAUGE, N.Y., May 20, 2024 (GLOBE NEWSWIRE) — Orbit International Corp. (OTC Expert Market:ORBT) today announced results for the first quarter ended March 31, 2024. First Quarter 2024 vs. First Quarter 2023 Net sales were $6,175,000, as compared to $5,198,000. Gross margin was 30.8%, as compared to 20.7%. Net loss was $751,000 ($0.22 loss per share), as compared to a net loss of $1,117,000 ($0.33 loss per share). Earnings before interest, taxes, depreciation and amortization, fair value adjustment on...

Form 8.3 – [abrdn EUROPEAN LOGISTICS INCOME PLC – 17 05 2024] – (CGWL)

Written by Customer Service on May 20, 2024. Posted in Mergers And Acquisitions.

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients) (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. N/A (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree abrdn EUROPEAN LOGISTICS INCOME PLC (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A (e) Date...

Delivery Robot Market to Surpass USD 29.80 Billion by 2031 | SkyQuest Technology

Written by Customer Service on May 20, 2024. Posted in Mergers And Acquisitions.

Westford USA, May 20, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the Delivery Robot Market will attain a value of USD 29.80 Billion by 2031, with a CAGR of 25% during the forecast period (2024-2031). In the digital age, the demand for high-speed Internet access and connected devices has increased exponentially, allowing intelligent robots to gain market share. Consumers in the U.S., U.K., Canada, Europe, and other developed countries all need smart tracking systems to help them save time. For example, Starship Technologies, a global leader in these products, offers a delivery solution that integrates with a delivery partner’s website or mobile app and allows them to track and manage their fleet supply. Additionally, autonomous robotic delivery is another category that is highly appreciated by customers who prefer local delivery...

Star Equity Holdings, Inc. Announces 2024 First Quarter Financial Results

Written by Customer Service on May 20, 2024. Posted in Earnings Releases And Operating Results.

Ended the first quarter with cash and cash equivalents of $14.7 million Well positioned to expand existing businesses organically and through acquisitions Timber Technologies acquisition marks a significant step forward in growth strategy OLD GREENWICH, Conn., May 20, 2024 (GLOBE NEWSWIRE) — Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star” or the “Company”), a diversified holding company, reported today its financial results for the first quarter (Q1) ended March 31, 2024. All 2024 and 2023 amounts in this release are unaudited. Following the sale of our Digirad Health business on May 4, 2023, all financial results for the 2023 reporting period, unless stated otherwise, relate to continuing operations, which currently include two divisions: Building Solutions (formerly known as Construction) and Investments. Q1 2024 Financial...

Allarity Therapeutics Regains Compliance with Nasdaq’s Minimum Stockholders’ Equity Requirement

Written by Customer Service on May 20, 2024. Posted in Public Companies.

Boston (May 20, 2024)—Allarity Therapeutics, Inc. (“Allarity” or the “Company”) (NASDAQ: ALLR), a Phase 2 clinical-stage pharmaceutical company dedicated to developing personalized cancer treatments, today announced that it has received formal written notice from The Nasdaq Stock Market, LLC’s Office of General Counsel (“Nasdaq”) that the Company has regained compliance with the minimum stockholders’ equity requirement as set forth in Nasdaq Listing Rule 5550(b)(1) (the “Equity Rule”). This confirmation follows the Company’s successful efforts to cut operation costs and improve its balance sheet, including raising new equity and reducing outstanding liabilities. As a result, Allarity Therapeutics now meets the stockholders’ equity requirement of at least $2.5 million. Thomas Jensen, CEO of Allarity Therapeutics, stated, “We...

Gray Television Commences Cash Tender Offer for Its 5.875% Senior Notes Due 2026

Written by Customer Service on May 20, 2024. Posted in Public Companies.

ATLANTA, May 20, 2024 (GLOBE NEWSWIRE) — Gray Television, Inc. (“Gray,” the “Company,” “we,” or “our”) (NYSE: GTN) announced today the commencement of an offer to purchase for cash (the “Tender Offer”), subject to certain terms and conditions, any and all of its outstanding 5.875% Senior Notes due 2026 (the “Notes”). The Tender Offer is being made pursuant to the Offer to Purchase dated May 20, 2024 (the “Offer to Purchase”), which sets forth a more detailed description of the Tender Offer, including the terms and conditions thereof. Holders of the Notes are urged to carefully read the Offer to Purchase before making any decision with respect to the Tender Offer. The following table sets forth certain terms of the Tender Offer: Dollars per $1,000 PrincipalAmount of Securities Title of Security CUSIP Numbers Principal...

Day: May 20, 2024

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Cookie Notice