Month: January 2025

Blackboxstocks, Inc. and Evtec Aluminium Limited Mutually Agree to Terminate Share Exchange Agreement

Written by Customer Service on January 17, 2025. Posted in Mergers And Acquisitions.

Blackbox is actively pursuing other strategic merger options to enhance stockholder value DALLAS, Jan. 17, 2025 (GLOBE NEWSWIRE) — Blackboxstocks Inc. (NASDAQ: BLBX), (“Blackbox” or the “Company”), a financial technology and social media hybrid platform offering real-time proprietary analytics for stock and options traders, announced today that on January 13, 2025 the Company and Evtec Aluminium Limited (“Evtec”) mutually agreed to terminate the Share Exchange Agreement executed on December 12, 2023 and amended on July 1, 2024 which would have resulted in Evtec becoming a wholly owned subsidiary of the Company. The Company will also withdraw its registration statement on form S-4 filed with the Securities and Exchange Commission in connection with the proposed share exchange. Gust Kepler, Chief Executive Officer of Blackbox, commented,...

Meritage Announced 2024 Preliminary Unaudited Results; 2025 Outlook: Accelerating Earning Growth

Written by Customer Service on January 17, 2025. Posted in Public Companies.

GRAND RAPIDS, Mich., Jan. 17, 2025 (GLOBE NEWSWIRE) — Meritage Hospitality Group Inc. (OTCQX: MHGU), the nation’s premier franchise restaurant operator, today reported preliminary financial results for the fourth quarter and fiscal year ended December 29, 2024, ahead of presenting at the Sidoti Micro-Cap Conference. 2024 Fourth Quarter Highlights:Sales increased 0.5% to $168.7 million compared to sales of $167.9 million for the same period last year. Earnings (Loss) from Operations were $(0.1) million compared to $4.8 million for the same period last year. Net Income increased 227% to $5.2 million compared to $1.6 million for the same period last year. Consolidated EBITDA (a non-GAAP measure) increased 40.8% to $13.7 million compared to $9.7 million for the same period last year.2024 Full-Year Highlights:Sales were...

Fortis Inc. to Hold Teleconference and Webcast on February 14 to Discuss 2024 Annual Results

Written by Customer Service on January 17, 2025. Posted in Public Companies.

ST. JOHN’S, Newfoundland and Labrador, Jan. 17, 2025 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) will release its 2024 financial results on Friday, February 14, 2025. A teleconference and webcast will be held the same day at 8:30 a.m. (Eastern). David Hutchens, President and Chief Executive Officer and Jocelyn Perry, Executive Vice President and Chief Financial Officer will discuss the Corporation’s 2024 annual financial results. Shareholders, analysts, members of the media and other interested parties are invited to listen to the teleconference via the live webcast on the Corporation’s website, www.fortisinc.com/investors/events-and-presentations. Those members of the financial community in Canada and the United States wishing to ask questions during...

Kayne Anderson Energy Infrastructure Fund Announces Tax Characterization of 2024 Distributions

Written by Customer Service on January 17, 2025. Posted in Public Companies.

HOUSTON, Jan. 17, 2025 (GLOBE NEWSWIRE) — KAYNE ANDERSON ENERGY INFRASTRUCTURE FUND ANNOUNCES TAX CHARACTERIZATION OF 2024 DISTRIBUTIONS Houston, TX – January 17, 2025 – Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) announced today the tax characterization of its 2024 distributions.KYN Common Stock Distribution Tax CharacterRecord DatePayable DateAmount QualifiedDividends Non-Dividend Distributions (ROC)1/3/2024 1/10/2024 $0.22 100 % – 4/5/2024 4/12/2024 $0.22 100 % – 6/28/2024 7/8/2024 $0.22 100 % – 9/30/2024 10/7/2024 $0.24 100 % – 11/15/2024 11/29/2024 $0.08 100 % – 12/16/2024 12/31/2024 $0.08 25 % 75 %Additional information regarding the tax characterization of the Company’s 2024 distributions is available at www.kaynefunds.com. This information...

Wellchange Holding Company Limited Announces Closing of $10 Million Public Offering of its Ordinary Shares

Written by Customer Service on January 17, 2025. Posted in Public Companies.

Hong Kong, Jan. 17, 2025 (GLOBE NEWSWIRE) — Wellchange Holding Company Limited (NASDAQ: WCT) (“Company” or the “Wellchange”), an enterprise software solution services provider headquartered in Hong Kong, today announced the closing of its public offering of 25,000,000 ordinary shares at a public offering price of $0.40 per ordinary share. Gross proceeds, before deducting placement agent fees and other offering expenses, were approximately $10 million. Revere Securities LLC acted as exclusive placement agent in connection with the Offering. Pacific Century Securities, LLC acted as advisor to the Company in connection with the Offering. Ortoli Rosenstadt LLP acted as counsel to the Company regarding U.S. securities law matters. Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel for the placement agent. The securities...

Stryker commences tender offer for all outstanding shares of common stock of Inari Medical, Inc.

Written by Customer Service on January 17, 2025. Posted in Public Companies.

Portage, Michigan, Jan. 17, 2025 (GLOBE NEWSWIRE) — Stryker (NYSE: SYK) today announced that it is commencing, through a wholly owned subsidiary, Eagle 1 Merger Sub, Inc., a cash tender offer to purchase all of the issued and outstanding shares of common stock of Inari Medical, Inc. (NASDAQ: NARI) for $80.00 per share in cash. The offer is being made pursuant to the previously announced merger agreement, dated as of January 6, 2025, among Stryker, Eagle 1 Merger Sub, Inc and Inari. The tender offer is scheduled to expire at one minute past 11:59 p.m. Eastern Time, on February 18, 2025, unless extended in accordance with the terms of the merger agreement. The tender offer is subject to various conditions, including the minimum tender of at least a majority of the issued and outstanding shares of Inari common stock, the expiration...

FTAI Aviation Announces Full Redemption of Outstanding 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares

Written by Customer Service on January 17, 2025. Posted in Public Companies.

NEW YORK, Jan. 17, 2025 (GLOBE NEWSWIRE) — FTAI Aviation Ltd. (NASDAQ: FTAI; “FTAI Aviation” or the “Company”) announced today that it will redeem all of the Company’s outstanding 4,940,000 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares (the “Series B Shares”) at a redemption price equal to $25.00 per Series B Share in cash, plus $2,405,404.25 of accumulated and unpaid distributions thereon to, but not including, the redemption date of February 16, 2025 (the “Redemption”). The Series B Shares trade under the ticker symbol “FTAIO.” A Notice of Full Redemption for the Series B Shares describing the Redemption procedures was sent to holders of the Series B Shares on January 17, 2025. Additional information related to the Redemption procedures, including copies of the Notice of Full Redemption,...

First Bancshares, Inc. Announces Operating Results for Quarter and Year Ended December 31, 2024

Written by Customer Service on January 17, 2025. Posted in Earnings Releases And Operating Results.

MOUNTAIN GROVE, Mo., Jan. 17, 2025 (GLOBE NEWSWIRE) — First Bancshares, Inc. (OTCQX: FBSI) (“Company”), the holding company for Stockmens Bank (“Bank”), today announced its financial results for the quarter and year ended December 31, 2024. For the quarter ended December 31, 2024, the Company reported after-tax net income of $1,719,000 or $0.71 per share-diluted. Year to date the Company reported after-tax net income of $6,578,000 or $2.71 per share-diluted. Consolidated total assets remained relatively level at $537.89 million as of December 31, 2024, compared to $541.56 million on December 31, 2023. Since December 31, 2023, net loans increased to $423.66 million, total deposits increased to $472.60 million, tier 1 capital increased 11.09% to $58.40 million, and total capital increased 10.25% to $64.09 million. During fiscal year...

Core Specialty Completes Acquisition of London Aviation Underwriters; Forms Aviation & Aerospace Division

Written by Customer Service on January 17, 2025. Posted in Mergers And Acquisitions.

Represents Core Specialty’s 18th specialty business unit and a component of the Fronted Programs subsegment London Aviation Underwriters (LAU) to operate as a separately managed Division of Core Specialty, retaining the LAU brand and management team Jeff Sutton appointed as President of the new Aviation & Aerospace Division LAU produced $44mm of GAAP gross premiums written in 2024CINCINNATI, Jan. 17, 2025 (GLOBE NEWSWIRE) — Core Specialty Insurance Holdings, Inc. and its subsidiaries (“Core Specialty” or the “Company”) announced today that it has completed the acquisition of London Aviation Underwriters, Inc. (“LAU”) which was previously announced on January 6, 2025. The completed transaction represents Core Specialty’s 18th specialty business unit, adding to the Fronted Programs subsegment. As part of the transaction,...

Hingham Savings Reports 2024 Results

Written by Customer Service on January 17, 2025. Posted in Earnings Releases And Operating Results.

HINGHAM, Mass., Jan. 17, 2025 (GLOBE NEWSWIRE) — HINGHAM INSTITUTION FOR SAVINGS (NASDAQ: HIFS), Hingham, Massachusetts announced earnings for the fourth quarter and the year ended December 31, 2024. Earnings Net income for the year ended December 31, 2024 was $28,191,000 or $12.95 per share basic and $12.85 per share diluted, as compared to $26,371,000 or $12.26 per share basic and $12.02 per share diluted for the same period last year. The Bank’s return on average equity for the year ended December 31, 2024 was 6.68%, and the return on average assets was 0.65%, as compared to 6.57% and 0.63% for the same period in 2023. Net income per share (diluted) for 2024 increased by 7% over 2023. Core net income, which represents net income excluding the after-tax net gain on equity securities, both realized and unrealized, and the after-tax...

Month: January 2025

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