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Month: February 2025

HUMBL, Inc. Announces $2 Million Share Exchange Agreement and Strategic Partnership With NUBURU, Inc. to Accelerate Growth and Shareholder Value

San Diego, CA, Feb. 28, 2025 (GLOBE NEWSWIRE) — HUMBL, Inc. (OTC: HMBL) announced the execution of a $2,000,000 Equity Swap Agreement and strategic partnership with NUBURU, Inc. (NYSE: BURU) designed to accelerate both companies’ growth strategies and deliver immediate value to shareholders. Transaction Details Under the terms of the Equity Swap Agreement:NUBURU will issue $2,000,000 in common stock to HUMBL (subject to applicable exchange cap, stockholder approval, and registration requirements); and HUMBL will issue an equal dollar amount of Series C Preferred Stock to NUBURU.Following satisfaction of any required stockholder or regulatory approvals and registration requirements, it is anticipated that 70% of the shares of NUBURU will be distributed to the stockholders of HUMBL as a dividend. The issuance of the shares...

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North American Construction Group Ltd. Announces the Completion of Its Redemption of Its 5.5% Convertible Debentures Due June 30, 2028

ACHESON, Alberta, Feb. 28, 2025 (GLOBE NEWSWIRE) —  North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA/NYSE:NOA) is pleased to announce the completion of its redemption of its 5.5% Convertible Debentures due June 30, 2028 (the “Debentures”) on February 28, 2025 (the “Redemption Date”). On January 29, 2025, the Company issued a notice of redemption to the holders of the Debentures to redeem all issued and outstanding Debentures at a redemption price equal to their principal amount, plus accrued and unpaid interest thereon up to, but excluding, the Redemption Date. Holders of the Debentures had the option to convert such Debentures into common shares of the Company (“Common Shares”) prior to the Redemption Date at a price of $24.23 per Common Share. $72,749,000 principal amount of Debentures were converted...

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TWFG Announces Unaudited Preliminary Fourth Quarter and Full Year 2024 Financial Results

THE WOODLANDS, Texas, Feb. 28, 2025 (GLOBE NEWSWIRE) — TWFG, Inc. (“TWFG”, the “Company” or “we”) (NASDAQ: TWFG), a high-growth insurance distribution company, today announced preliminary unaudited financial highlights for the fourth quarter and full year ended December 31, 2024. The following results are preliminary, unaudited estimates and are subject to change. The Company is currently finalizing its fourth quarter and year end 2024 results, and as a result, these preliminary estimates are based solely on information available to management as of the date of this press release. The Company’s actual results may differ from these estimates due to the completion of its closing procedures, final adjustments and developments that may arise or information that may become available between now and the time the Company’s financial results...

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UDF IV Board Rejects Unsolicited, Non-Binding and Conditional Proposal from NexPoint

IRVING, Texas, Feb. 28, 2025 (GLOBE NEWSWIRE) — United Development Funding IV (“UDF IV” or the “Trust”) today announced that its Board of Trustees unanimously rejected an unsolicited, non-binding and conditional proposal from NexPoint Real Estate Opportunities, LLC, an indirect subsidiary of NexPoint Diversified Real Estate Trust (NXDT), and its affiliates (collectively, “NexPoint”) to acquire the Trust. Consistent with their fiduciary duties and after consultation with external financial and legal advisors, the Special Committee of the UDF IV Board, comprised of all independent trustees, and the UDF IV Board carefully reviewed NexPoint’s proposal. They assessed the relative benefits and risks of NexPoint’s conditional proposal and the terms of the existing merger agreement under which the Trust agreed to be acquired by Ready Capital...

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Premier Health Reports 2025 First Quarter Results

MONTRÉAL, Feb. 28, 2025 (GLOBE NEWSWIRE) — Premier Health of America Inc. (TSXV: PHA) (the “Corporation”), a leading Canadian Healthtech company, announces it has filed its unaudited Quarterly Consolidated Financial Statements and MD&A for its first quarter ended on December 31st, 2024.     Highlights     (in thousands of Canadian dollars) Dec. 30, 2024(3 months) Dec. 30, 2023(3 months)Revenues 32,132   36,973  Gross margin (1) 5,137   7,657  Gross margin as a % of revenues 16.0 % 20.1 %Adjusted EBITDA (1) 705   2,622  Net Loss (2,261 ) (231 )(1)  See the Corporation’s MD&A for details on these non-GAAP measures.   SummaryAdjusted EBITDA for the quarter was $0.7M ($2.6M for the same period in 2023), mainly driven by a decline in the Quebec market. Net Loss for the quarter was $2.3M...

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Oak Valley Community Bank Announces Commercial Credit Officer Hiring

OAKDALE, Calif., Feb. 28, 2025 (GLOBE NEWSWIRE) — Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that Jean Turpen has joined the bank as Vice President, Commercial Credit Officer. She is based out of the Roseville Office located at 1478 Stone Point Drive. Turpen has 21 years of banking experience and a distinguished career in the banking industry, having held various leadership positions in commercial credit and lending. Her understanding of commercial lending, credit risk management, and financial analysis makes her an invaluable addition to the bank. In her new role, she will be responsible for client relationship management, portfolio management, and credit analysis. She will work closely with the Greater Sacramento Region team to drive sustainable growth and maintain our...

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Middlesex Water Company Reports 2024 Financial Results

Diluted earnings per share (“EPS”) of $2.47 for 2024, compared to 2023 earnings of $1.76 Invested $75 million in capital expenditures in 2024 to upgrade, replace and enhance the resiliency of its water and wastewater utility infrastructure Utility infrastructure investment of $387 million planned from 2025 through 2027ISELIN, N.J., Feb. 28, 2025 (GLOBE NEWSWIRE) — Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ: MSEX) today announced financial results for the fourth quarter and year end 2024. Middlesex reported net income of $44.4 million and diluted EPS of $2.47 for 2024, compared to net income of $31.5 million and diluted EPS of $1.76 in 2023. “Our strong 2024 performance underscores the strength of our growth strategy, the dedication of our team members, a constructive regulatory environment, and the...

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Virginia Credit Union, Member One Appoint Mike Brunson and Kenya Maddox to Key Leadership Roles for Risk Management, Internal Audit

Longtime Leaders’ New Roles Follow Period of Significant Growth for VACU, Member OneVACU, Member One Announce New Roles for Longtime LeadersVirginia Credit Union and its Member One division have named two executives to critical roles overseeing risk management and the credit union’s internal audit function. Mike Brunson will assume the newly created role of Executive Vice President/Chief Risk Officer, and Kenya Maddox has been promoted to Senior Vice President/Chief Audit Officer.Richmond, Virginia, Feb. 28, 2025 (GLOBE NEWSWIRE) — Virginia Credit Union and its Member One division have named two executives to critical roles overseeing risk management and the credit union’s internal audit function. Mike Brunson will assume the newly created role of Executive Vice President/Chief Risk Officer, and Kenya Maddox has...

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American Assets Trust, Inc. Acquires Genesee Park Apartments in San Diego, California

SAN DIEGO, Feb. 28, 2025 (GLOBE NEWSWIRE) — American Assets Trust, Inc. (NYSE: AAT) (the “Company”) announced today the successful acquisition of Genesee Park, a 192-unit apartment community located in San Diego, California. Genesee Park is currently approximately 93% leased with rental rates that the Company believes are significantly below prevailing market levels for the submarket. The acquisition presents a compelling opportunity to enhance the property’s value through strategic asset management initiatives. “Genesee Park is a valuable addition to our portfolio, offering strong upside potential in a prime San Diego location,” said Adam Wyll, the Company’s President and Chief Executive Officer. “By optimizing rental rates and exploring opportunities to enhance density, we plan to unlock the property’s full value while...

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Range Increases Quarterly Dividend by 12.5%

FORT WORTH, Texas, Feb. 28, 2025 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the first quarter. A dividend of $0.09 per common share is payable on March 28, 2025 to stockholders of record at the close of business on March 14, 2025. This represents a 12.5% increase to Range’s quarterly cash dividend and provides an annualized dividend of $0.36 per share. RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading U.S. independent natural gas and NGL producer with operations focused in the Appalachian Basin. The Company is headquartered in Fort Worth, Texas. More information about Range can be found at www.rangeresources.com. SOURCE: Range Resources Corporation Range Investor Contact: Laith Sando, SVP – Corporate Strategy...

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