Month: December 2024

GREENWICH, CT, Dec. 31, 2024 (GLOBE NEWSWIRE) — Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ,” “we,” “us,” “our,” or the “Company”), the first publicly traded qualified opportunity fund, today announced that its annual meeting of unitholders (the “Annual Meeting”), originally scheduled for Friday, December 19, 2024, at 12:00 p.m. E.T., has been adjourned. The adjournment was necessary as a quorum, defined as the minimum number of units required to conduct business, was not present either in person or by proxy when the Annual Meeting was called to order. The adjourned Annual Meeting will be reconvened on Friday, January 24, 2025, at 12:00 p.m. E.T. at the Company’s corporate headquarters, located at 255 Glenville Road, Greenwich, Connecticut 06831. Unitholders planning to attend the meeting in person are requested to contact...

SINGAPORE, Dec. 31, 2024 (GLOBE NEWSWIRE) — On December 31, 2024, Cristiano Veloso, the Chief Executive Officer of Verde AgriTech Ltd. (“Verde”), transferred 4,779,829 shares (the “Shares”) of Verde to a trust of which he is neither a beneficiary nor a trustee. Prior to the transfer, he held 9,559,659 shares and 3,342,511 options, representing approximately 18.57% of the issued and outstanding shares on an undiluted basis and 22.37% on a partially-diluted basis. Following the transfer, he holds 4,779,830 shares, and 3,342,511 options, representing approximately 9.28% of the issued and outstanding shares on an undiluted basis and 14.08% on a partially-diluted basis. The Shares were transferred by Mr. Veloso for personal financial planning reasons. Mr. Veloso has prepared an early warning reporting in accordance with the requirements...

THE WOODLANDS, Texas, Dec. 31, 2024 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that it has issued its 2024 Sustainability Report (the “2024 Report”), which is available on the Company’s website at www.ringenergy.com under the “Sustainability” tab. The 2024 Report marks the fourth consecutive annual update. It provides comprehensive information about Ring’s Environmental, Social and Governance (“ESG”) initiatives and continued ESG progress on multiple fronts, including multi-year targeted capital investments, that are directly contributing to the Company’s further sustainability. The 2024 Report highlights the significant benefits afforded by Ring’s recent strategic acquisitions and asset dispositions, the combination of which provide the opportunity to further invest in leading...

SECAUCUS, N.J., Dec. 31, 2024 (GLOBE NEWSWIRE) — The Children’s Place, Inc. (Nasdaq: PLCE) (the “Company”), an omni-channel children’s specialty portfolio of brands, today announced that it has commenced its previously announced rights offering (the “Rights Offering”) to purchase up to $90,000,000 in shares of the Company’s common stock, representing 9,230,769 shares of the Company’s common stock in the aggregate. The Company is distributing to its stockholders as of the close of business on December 13, 2024, the record date (the “Record Date”), on a pro rata basis, non-transferable subscription rights to purchase up to an aggregate of 9,230,769 shares of the Company’s common stock at a subscription price of $9.75 per whole share, payable by each rights holder (i) in cash, (ii) by delivery in lieu of cash of an equivalent amount...

HOUSTON, Dec. 31, 2024 (GLOBE NEWSWIRE) — U.S. Energy Corp. (NASDAQ: USEG, “U.S. Energy” or the “Company”) today announced that the Company has closed the sale (the “Transaction”) of assets located in East Texas (the “East Texas Assets”). The Transaction was previously announced on December 12, 2024. HIGHLIGHTSAll cash proceeds of $6,825,000. Proceeds are expected to be used to fund the continued development of U.S. Energy’s industrial gas project in Montana. Divested assets averaged approximately 1.0 million cubic feet per day of natural gas and 149 barrels of oil per day for the quarter ending September 30, 2024. The transaction closed on December 31, 2024 with an effective date of November 1, 2024.MANAGEMENT COMMENTARY “We are pleased to announce the successful closing of U.S. Energy’s recent transaction, completing...

New York, Dec. 31, 2024 (GLOBE NEWSWIRE) — MKDWELL Tech Inc. (the “Company”, “we”, “our”, or “us”) (Nasdaq: MKDW), a business company incorporated in the British Virgin Islands (“BVI”) with operations in Mainland China and Taiwan, today announced its unaudited financial results for the six months ended June 30, 2024. First Half 2024 Financial Highlights  ● Total revenues in the first half of 2024 were US$0.81 million, representing a decrease of 61.3% from US$2.10 million in the same period of 2023.  ● Gross profit in the first half of 2024 was US$0.07 million with a gross profit margin of 8.2%, compared to US$0.32 million with a gross profit margin of 15.2% in the same period of 2023.  ● Loss from operations in the first half of 2024 was US$1.54 million, representing an increase of 83.4% from US$0.84 million in the same...

TORONTO, Dec. 31, 2024 (GLOBE NEWSWIRE) — Halmont Properties Corporation (TSX-V: HMT) (“Halmont” or the “Corporation”) is pleased to announce that it has closed a non-brokered private placement offering (the “Offering”) for gross proceeds of C$50,000,000. The Offering consisted of 50,000,000 series II convertible preferred shares of the Corporation (the “Series II Convertible Preferred Shares”) at a price of C$1.00 per Series II Convertible Preferred Share. Each Series II Convertible Preferred Share entitles the holder thereof to a 5.0% annual dividend, payable as and when declared by the board of directors of the Corporation. Each Series II Convertible Preferred Share is convertible at the option of the holder thereof into one (1) subordinate voting share of the Corporation (each, a “Subordinate Voting Share”) at a price of C$1.00...