August 19, 2024 – Page 3

180 Degree Capital Corp. Reports Net Asset Value Per Share (“NAV”) of $4.50 as of June 30, 2024

Written by Customer Service on August 19, 2024. Posted in Earnings Releases And Operating Results.

MONTCLAIR, N.J., Aug. 19, 2024 (GLOBE NEWSWIRE) — 180 Degree Capital Corp. (NASDAQ:TURN) (“180 Degree Capital” and the “Company”), today reported its financial results as of June 30, 2024, and noted additional developments from the third quarter of 2024. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. “Our portfolio holdings were not immune to the market turmoil that resumed in Q2 2024, particularly for small and microcapitalization stocks,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. “Capital continues to flow out of small and microcapitalization stocks and into a small number of large capitalization companies. I’ve seen similar periods of dislocation like this during my 35-plus-year career. If history repeats itself, at some...

ECD Auto Design Reports Second Quarter 2024 Financial Results; Revenues Increase 129% to Record $8.9 Million

Written by Customer Service on August 19, 2024. Posted in Earnings Releases And Operating Results.

Q2 2024 Maintains Strong Gross Margins While Revenue More Than Doubles, Drives Adjusted EBITDA of $0.4 Million Company’s Reaffirms Full Year 2024 Revenue Guidance of $33.0 Million KISSIMMEE, Fla., Aug. 19, 2024 (GLOBE NEWSWIRE) — ECD Automotive Design, Inc. (Nasdaq: ECDA) (“ECD” or the “Company”), the world’s largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs and Toyota FJs, announced today its financial results for the second quarter ended June 30, 2024. Company Highlights Revenues increased 129% to $8.9 million in the second quarter of 2024, compared to $3.9 million in the same year-ago quarter. Growth was driven by increased volume, higher average selling price and increased used vehicle sales versus a year ago. Gross...

NORBIT – Share issue in connection with incentive programs to employees

Written by Customer Service on August 19, 2024. Posted in Public Companies.

Trondheim, 19 August 2024: Reference is made to the stock exchange notice dated 4 July 2022 where the Board of Directors of NORBIT ASA (the ‘Company’) decided to approve incentive share purchase programs for all eligible employees in the NORBIT group of companies. Under the share matching program, employees were offered the opportunity to acquire shares at market value, and in turn, obtain a right to receive compensation in new shares equivalent to their invested amount after 24 months if certain conditions were met. Under said program, the Board of Directors has decided to award shares to eligible employees who participated in the share matching program in 2022. In connection with the share issue, the Board of Directors of the Company has resolved to increase the Company’s share capital by NOK 9,083.40 through the issuance of 90,834...

Embassy Bancorp, Inc. Announces Results of Operations as of and for the Three and Six Months ended June 30, 2024

Written by Customer Service on August 19, 2024. Posted in Earnings Releases And Operating Results.

BETHLEHEM, Pa., Aug. 19, 2024 (GLOBE NEWSWIRE) — On August 12, 2024, Embassy Bancorp, Inc. (OTCQX: EMYB) (the “Company”) filed its Quarterly Report on Form 10-Q for the period ended June 30, 2024, a copy of which can be found at https://investors.embassybank.com/sec-filings/documents/default.aspx. Highlights of the filing, which includes consolidated financial information of the Company and Embassy Bank For the Lehigh Valley (the “Bank”), the Company’s wholly-owned subsidiary, include: Total assets surpassed $1.7 billion. Cash and cash equivalents on hand of $135.9 million at June 30, 2024, or 7.9% of total assets. Deposits of $1.6 billion at June 30, 2024, an increase of $91.4 million from $1.5 billion at December 31, 2023. Non-interest bearing deposits increased $23.1 million during this same period. The Company does not have...

Strategic Earn-In Agreement on the Oza Field to Fund Production Growth

Written by Customer Service on August 19, 2024. Posted in Public Companies.

CALGARY, Alberta, Aug. 19, 2024 (GLOBE NEWSWIRE) — Decklar Resources Inc. (TSX-V: DKL) (OTC: DKLRF) (FSE: A1U1) (the “Company” or “Decklar”) is pleased to announce the execution of a Strategic Development Agreement (“SDA”) with a consortium of technical and financial services providers (the “TSP”), to advance the development of the Oza Field in Nigeria. Under the terms of the SDA, the TSP will earn up to a thirty-five percent (35%) economic interest in the Oza Field from Decklar’s economic interest by providing the necessary funding and technical services for the workover of the Oza-4 well, the side-tracking of the Oza-2 well and the drilling of two (2) new wells. The SDA is structured to align the interests of both parties, with the TSP’s earn-in phased and linked directly to the achievement of specific drilling work and production...

Scorpius Holdings, Inc. Announces Closing of Public Offering

Written by Customer Service on August 19, 2024. Posted in Public Companies.

DURHAM, N.C., Aug. 19, 2024 (GLOBE NEWSWIRE) — Scorpius Holdings, Inc. (NYSE American: SCPX), (“Scorpius”, or the “Company”), an integrated contract development and manufacturing organization (CDMO), today announced the closing of its underwritten public offering of 14,375,000 shares of common stock (and/or pre-funded warrants (“Pre-Funded Warrants”) in lieu thereof), including full exercise of the underwriter’s over-allotment option. Each share of common stock (or Pre-Funded Warrant) was offered at a public offering price of $1.00 per share (inclusive of the Pre-Funded Warrant exercise price), for gross proceeds of $14,375,000, before deducting underwriting discounts and offering expenses. The Company intends to use the net proceeds of the offering to fund working capital and for general corporate purposes. ThinkEquity acted as...

XPENG Rolls Out XOS 5.2 OTA, Enhancing Global User Experience

Written by Customer Service on August 19, 2024. Posted in Public Companies.

The first-ever XPENG International OTA User Salon has just concluded in Denmark! Thank you to everyone for your valuable support in enhancing our features.We hope you enjoy all the new upgrades with Tianji XOS 5.2.Full video coming soon!#FutureMobility See what they say about our Tianji XOS Global Update!Big shoutout to Viktor, Mark, Marius, Theo, Roel and all other XPENG drivers who have shared their valued feedback during the beta test!#XPENGDriveChange #FutureMobility XPENG launches its first major synchronized global OTA upgrade for eligible users across Europe, the Middle East, Southeast Asia, and other markets During the 28-day beta, global users engaged enthusiastically, and nearly a hundred feedback items were integrated into the final OTA update. Additionally, there’s a plan to roll...

Quantum Capital Group Acquires Assets from Caerus Oil and Gas for $1.8 Billion

Written by Customer Service on August 19, 2024. Posted in Mergers And Acquisitions.

Establishes QB Energy to Own and Operate the Piceance Assets Existing Quantum Portfolio Company KODA Resources to Own and Operate the Uinta Assets HOUSTON, Aug. 19, 2024 (GLOBE NEWSWIRE) — Quantum Capital Group (“Quantum”) and Caerus Oil and Gas (“Caerus”) today announced the closing of a transaction under which Quantum, via two separate portfolio companies, has acquired Caerus’ oil and gas operations for approximately $1.8 billion, including the assumption of asset-backed securities and other liabilities. Caerus is owned by a private investor group including Oaktree Capital Management (“Oaktree”), The Anschutz Corporation, and Old Ironsides Energy (collectively, the “Caerus Investor Group”). QB Energy is acquiring the producing upstream assets, gathering and compression midstream assets, approximately 600,000 acres, and all other...

Volta Finance Limited – Net Asset Value(s) as at 31 July 2024

Written by Customer Service on August 19, 2024. Posted in Public Companies.

Volta Finance Limited (VTA / VTAS) – July 2024 monthly report NOT FOR RELEASE, DISTRIBUTION, OR PUBLICATION, IN WHOLE OR PART, IN OR INTO THE UNITED STATES ***** Guernsey, August 19th, 2024 AXA IM has published the Volta Finance Limited (the “Company” or “Volta Finance” or “Volta”) monthly report for July 2024. The full report is attached to this release and will be available on Volta’s website shortly (www.voltafinance.com). PERFORMANCE and PORTFOLIO ACTIVITY Dear investors, Volta Finance continued to perform with a net performance of +0.9% in July (including a dividend payment of 14.5 cents per share), bringing the year-to-date return at +10.8% and the Financial Year performance at 19.7% (July 2023 to July 2024). This is to be put in perspective with broader Credit markets, especially since both US and Euro High Yield returned circa...

Production curtailment imposed by the Brazilian grid operator

Written by Customer Service on August 19, 2024. Posted in Public Companies.

Production curtailment imposed by the Brazilian grid operator Voltalia (Euronext Paris, ISIN code: FR0011995588), an international player in renewable energy, announces that the Brazilian transmission system operator is currently imposing a pronounced curtailment in certain parts of the network, which would have a strong impact on Voltalia’s 2024 EBITDA if it were to be extended over the coming months and if it is not financially compensated. Voltalia is carrying out a series of actions to reduce the duration of this curtailment and to be financially compensated. For a transmission system operator, curtailment consists in limiting the transmission, for a given period, of all or part of the electricity production potential of a power plant, in order to maintain the stability of the transmission network. In Brazil, like other major...

Day: August 19, 2024

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