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Year: 2024

CAPREIT Provides Update on MHC and European Dispositions, Declares Special Distribution and December 2024 Distribution

This news release constitutes a “designated news release” for the purposes of CAPREIT’s prospectus supplement dated February 22, 2024, to its short form base shelf prospectus dated May 9, 2023. TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that is has completed, in part, its previously announced sale of its manufactured home community (“MHC”) portfolio, which now operates as Compass Communities. CAPREIT has completed the disposition of 11,605 residential lots for a gross purchase price of $715.0 million (all amounts disclosed herein exclude transaction costs and other customary adjustments). The purchase price was partially satisfied through an interest-only vendor take-back loan of $140.0 million, bearing interest at a rate of 3.0%...

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Aspen Group Reports Positive Cash from Operations Fiscal Year-to-Date

Q2 Fiscal 2025 HighlightsReports revenue of $11.5 Million Gross margin increased to 71% from 63% Net loss of $(4.2) million reflects $(4.9) million one-time non-cash lease related impairment charges for right-of-use assets and tenant leasehold improvements Adjusted EBITDA improved by 42% year-over-year due to continued cost controlsPHOENIX, Dec. 16, 2024 (GLOBE NEWSWIRE) — Aspen Group, Inc. (OTC Markets: ASPU) (“AGI” or the “Company”), an education technology holding company, today announced financial results for its second quarter fiscal year 2025 ended October 31, 2024. Second Quarter Fiscal Year 2025 Summary Results  Three Months Ended October 31,   Six Months Ended October 31,$ in millions, except per share data   2024       2023       2024       2023  Revenue $ 11.5     $ 13.8     $  22.8     $ 28.5  Gross...

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CVB Financial Corp. Announces 141st Consecutive Quarterly Cash Dividend

Ontario, CA, Dec. 16, 2024 (GLOBE NEWSWIRE) — CVB Financial Corp. (NASDAQ: CVBF) (the “Company”) announced a twenty cent ($0.20) per share cash dividend with respect to the fourth quarter of 2024. This dividend was approved at the Company’s regularly scheduled Board of Directors meeting held on December 16, 2024. The quarterly dividend will be payable on or about January 15, 2025 to shareholders of record as of December 31, 2024. “We are pleased to announce our 141st consecutive quarterly cash dividend paid to our shareholders,” said David A. Brager, President and Chief Executive Officer. Corporate OverviewCVB Financial Corp. (“CVBF”) is the holding company for Citizens Business Bank. CVBF is one of the 10 largest bank holding companies headquartered in California with greater than $15 billion in total assets. Citizens Business...

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GoldHaven Clarifies Securities Issuable to Boa Gold Corp. Shareholders

VANCOUVER, British Columbia, Dec. 16, 2024 (GLOBE NEWSWIRE) — GoldHaven Resources Corp. (“GoldHaven” or the “Company”) (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) provides an update, further to the execution of its amalgamation agreement (the “Amalgamation Agreement”) dated December 16, 2024 among Boa Gold Corp. (“Boa”), GoldHaven and 1516478 B.C. LTD. (“Subco”), a wholly owned subsidiary of GoldHaven, pursuant to which GoldHaven and Boa will combine their respective business by amalgamating Boa with Subco to form one company (“Amalco”, and collectively, the “Transaction”). Once the Transaction is effective, Amalco will become a wholly owned subsidiary of GoldHaven, all in the manner and subject to the terms and conditions of the Amalgamation Agreement. Pursuant to the Amalgamation Agreement, GoldHaven will issue units (the “GoldHaven...

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Electrovaya Inc. Announces Proposed Public Offering of Common Shares and Files Preliminary Prospectus Supplement

TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) — Electrovaya Inc. (“Electrovaya” or the “Company”) (NASDAQ: ELVA; TSX: ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that the Company is commencing an underwritten public offering (the “Offering”) of its common shares (the “Common Shares”). All of the shares are being offered by the Company. The shares will be offered in the United States pursuant to a shelf registration statement (including a prospectus supplement thereto) previously filed with and declared effective by the Securities and Exchange Commission (the “SEC”) on September 25, 2024 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States, and will be qualified for distribution in the provinces and territories of Canada by way...

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NOVONIX Offered Conditional Commitment for US$754 Million Loan from the U.S. Department of Energy for New Synthetic Graphite Manufacturing Plant in Tennessee

Figure 1 Site Rendering of NOVONIX’s New Facility BRISBANE, Australia, Dec. 17, 2024 (GLOBE NEWSWIRE) — NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or “the Company”), a leading battery materials and technology company, announced today a conditional commitment to NOVONIX through one if its wholly-owned U.S.-based subsidiaries (“Borrower”), from the U.S. Department of Energy (“DOE”) through the Loan Programs Office (“LPO”) for a direct loan of up to US$754.8 million ($692 million in principal and $62.8 million in capitalized interest) to be applied towards partially financing a proposed new facility in Chattanooga, Tennessee (the “New Facility”). The proposed financing is being offered under the DOE LPO’s Advanced Technology Vehicles Manufacturing (“ATVM”) Loan Program. If finalized, the loan would be applied towards partially...

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FlexShopper Reminds Right Holders of Early Subscription Process Cutoff Dates

Important for Participating Right Holders to Contact Their Broker Prior to December 18th BOCA RATON, Fla., Dec. 16, 2024 (GLOBE NEWSWIRE) — FlexShopper, Inc. (Nasdaq: FPAY) (“FlexShopper” or the “Corporation”) reminds right holders, who wish to subscribe for units or over-subscribe, that many broker-dealers ask for unit rights subscription and over-subscription submissions by or before Wednesday, December 18, 2024 even though the anticipated expiration of the rights offering is Friday, December 20, 2024. FlexShopper encourages its right holders to contact their broker or financial advisor’s Corporate Actions Department immediately to participate in the rights offering. Rights offering information can be found at https://www.sec.gov and https://investors.flexshopper.com. The rights offering includes an over-subscription privilege,...

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Netcapital Announces Second Quarter Fiscal 2025 Financial Results

Management to Host Earnings Call on December 17, 2024 at 10:00 a.m. ETBOSTON, MA, Dec. 16, 2024 (GLOBE NEWSWIRE) — Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced financial results for the second quarter of fiscal year 2025 ended October 31, 2024. “During the quarter ended October 31, 2024, we saw a decrease in revenue, when compared to the quarter ended October 31, 2023, but an increase in revenue when compared to the quarter ended July 31, 2024. The year-over-year decrease was primarily due to a slowdown in consulting revenue, while the sequential increase was driven by our funding portal business. Despite the challenges we faced during a tough quarter, we remain optimistic about the future,” said Martin Kay, CEO of Netcapital Inc. “Recently our wholly-owned...

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Streamline Health® Reports Fiscal Third Quarter 2024 Financial Results, Accelerates Anticipated Adjusted EBITDA Breakeven Timeline

Net loss of ($2.5 million) during the third quarter of fiscal 2024 compared to a net loss of ($11.9 million) during the third quarter of fiscal 2023 Company reiterated $15.5 million implemented SaaS ARR adjusted EBITDA breakeven run rate expectation Company accelerated expectation for achievement of SaaS ARR adjusted EBITDA breakeven run rate to the first half of fiscal 2025ATLANTA, Dec. 16, 2024 (GLOBE NEWSWIRE) — Streamline Health Solutions, Inc. (“Streamline” or the “Company”) (Nasdaq: STRM), a leading provider of solutions that enable healthcare providers to proactively address revenue leakage and improve financial performance, today announced financial results for the third quarter of fiscal 2024, which was the three-month period ended October 31, 2024, and the nine-month period ended October 31, 2024. Fiscal Third Quarter...

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La-Z-Boy Incorporated Board of Directors Elects Melinda Whittington as Chair, Michael Lawton as Lead Director

MONROE, Mich., Dec. 16, 2024 (GLOBE NEWSWIRE) — La-Z-Boy Incorporated (NYSE:LZB) is pleased to announce that its Board of Directors has approved, effective December 11, 2024, the following changes as part of the Board’s periodic evaluation of its leadership structure:Melinda Whittington, La-Z-Boy Incorporated President and Chief Executive Officer and a member of its Board, has been elected to serve additionally as Chair of the Board. Michael Lawton, who has served as Chair of the Board since May 2022, will return to his previous position of independent Lead Director.“Melinda is an exceptional and highly respected leader, and the Board believes that her decisive leadership will continue to drive long-term, sustainable value for all stakeholders. I look forward to continuing to work closely with her in her elevated leadership...

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