Day: February 24, 2025

Drugs Made in America Acquisition Corp. Announces Advisory Team

Written by Customer Service on February 24, 2025. Posted in Public Companies.

Fort Lauderdale, FL, Feb. 24, 2025 (GLOBE NEWSWIRE) — Drugs Made in America Acquisition Corp. (Nasdaq: DMAAU), (the “Company”) today announced the formation of an advisory team to lead its effort towards acquiring a well-managed, revenue generating business for the foundation and development of “End to End production, manufacturing and distribution, for the Drugs Made In America Platform”. Under the direction of Lynn Stockwell, Chief Executive Officer of DMAAU, the advisory team will proactively pursue the deliverable of a business or combinations that seeks to become a new competitive cost producer of drugs made in America. Onboarding production back to the USA creates jobs, mitigates national security risks and will ensure the American people will have clean, pure, cost-efficient medications through a resilient supply chain...

QCR Holdings, Inc. Announces CEO Retirement and Executive Transition

Written by Customer Service on February 24, 2025. Posted in Public Companies.

MOLINE, Ill., Feb. 24, 2025 (GLOBE NEWSWIRE) — QCR Holdings, Inc. (NASDAQ: QCRH) (“QCR Holdings” or the “Company”), today announced that, effective immediately following the annual stockholders meeting on May 22, 2025, Larry J. Helling will retire from his role as Chief Executive Officer of the Company and of Cedar Rapids Bank and Trust Company, one of the Company’s wholly-owned bank subsidiaries. Additionally, Mr. Helling will also retire at that time from the boards of directors of the Company and Cedar Rapids Bank and Trust Company. Upon Mr. Helling’s retirement, Todd A. Gipple, the Company’s current President and Chief Financial Officer, will become President and Chief Executive Officer of the Company. Additionally, Nick W. Anderson, the Company’s current Senior Vice President and Chief Accounting Officer, will become the Company’s...

iQIYI Announces the Closing of Its Offering of US$350 Million Convertible Senior Notes due 2030 and Concurrent Repurchase of Approximately US$300 Million Existing Convertible Senior Notes

Written by Customer Service on February 24, 2025. Posted in Public Companies.

BEIJING, Feb. 24, 2025 (GLOBE NEWSWIRE) — iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced the closing of its offering (the “Notes Offering”) of US$350 million in aggregate principal amount of 4.625% convertible senior notes due 2030 (the “Notes”). The Notes bear interest at a rate of 4.625% per year, payable quarterly in arrears on March 15, June 15, September 15 and December 15 of each year, beginning on June 15, 2025. The Notes will mature on March 15, 2030, unless repurchased, redeemed or converted in accordance with the terms of the Notes prior to such date. The net proceeds of the Notes Offering (after deducting the initial purchasers’ discount, taking into account the estimated reimbursement from the initial purchasers for certain expenses...

SUN COMMUNITIES, INC. ANNOUNCES SALE OF SAFE HARBOR MARINAS TO BLACKSTONE INFRASTRUCTURE IN AN ALL-CASH TRANSACTION FOR $5.65 BILLION

Written by Customer Service on February 24, 2025. Posted in Public Companies.

Strategically Repositions Company as a Pure-Play MH and RV Focused REIT; Enhances Flexibility Through Substantial De-Leveraging and Improves Margin and Cash Flow Profile Southfield, MI, Feb. 24, 2025 (GLOBE NEWSWIRE) — Sun Communities, Inc. (NYSE: SUI) (the “Company” or “Sun”), a real estate investment trust (“REIT”) that owns and operates or has an interest in manufactured housing (“MH”) and recreational vehicle (“RV”) communities, today announced that it has entered into a definitive agreement to sell 100% of its interests in the Safe Harbor Marinas business (“Safe Harbor”), the largest marina and superyacht servicing business in the United States, to affiliates of Blackstone Infrastructure (“Blackstone”). The transaction accelerates Sun’s strategic goal of re-focusing on its core MH and RV segments and significantly...

Hovnanian Enterprises Reports Fiscal 2025 First Quarter Results

Written by Customer Service on February 24, 2025. Posted in Earnings Releases And Operating Results.

13% Increase in Total Revenues Income Before Income Taxes Increased 22% Year-Over-Year 7% Year-Over-Year Quarterly Growth in Consolidated Contracts Total Consolidated Lots Controlled Increased 29% Year-Over-Year MATAWAN, N.J., Feb. 24, 2025 (GLOBE NEWSWIRE) — Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal first quarter ended January 31, 2025. RESULTS FOR THE THREE-MONTHS ENDED JANUARY 31, 2025:Total revenues increased 13.4% to $673.6 million in the first quarter of fiscal 2025, compared with $594.2 million in the same quarter of the prior year.Sale of homes revenues increased 12.8% to $646.9 million (1,254 homes) in the fiscal 2025 first quarter compared with $573.6 million (1,063 homes) in the previous year’s first quarter.Domestic unconsolidated joint ventures(1)...

Wrap Acquires W1 Global: Expands Managed Services with Former FBI, DEA, and DoD Leadership to Accelerate Made-in-America End-to-End Solutions

Written by Customer Service on February 24, 2025. Posted in Mergers And Acquisitions.

Adds international network of law enforcement and intelligence professionals, meeting market need for Managed Safety and Response, Training, Tactics, and American Technology-Driven Professional Services This news follows: Wrap Unveils Managed Safety and Response (MSR) Connected Ecosystem in Virginia TEMPE, Ariz., Feb. 24, 2025 (GLOBE NEWSWIRE) — Wrap Technologies (NASDAQ: WRAP) (“Wrap” or, the “Company”) today announced it has completed the acquisition of W1 Global, LLC (“W1”) a preeminent professional services and consulting firm led by an executive team of former high-ranking law enforcement and U.S. Intelligence Community professionals, with deep competencies in complex international criminal investigation, regulatory matters and compliance issues. The acquisition of W1 is expected to increase Wraps access to the skill and experience...

YSX TECH. CO. LTD Announces Unaudited Financial Results for the Six Months Ended September 30, 2024

Written by Customer Service on February 24, 2025. Posted in Earnings Releases And Operating Results.

GUANGZHOU, China, Feb. 24, 2025 (GLOBE NEWSWIRE) — YSX TECH. CO., LTD (the “Company” or “YSXT”), a Cayman Islands exempted company that, through its variable interest entities in China, provides comprehensive business solutions mainly for insurance companies and brokerages in China, today announced its unaudited financial results for the six months ended September 30, 2024. Key highlightsTotal revenue increased by approximate $7.6 million, or 28.7%, to approximately $34.1 million for the six months ended September 30, 2024, from $26.5 million during the same period in 2023. Revenue from auto insurance aftermarket value-added services increased by 31.8% from approximately $21.4 million to $28.2 million, which was mainly due to 879.2% revenue increase of vehicle driving risk screening services, from approximately $2.6 million...

Gabelli Dividend & Income Trust Trustees Have Approved Spin-Off of Gabelli Preferred Securities Trust Focusing on Preferred Securities

Written by Customer Service on February 24, 2025. Posted in Dividend Reports And Estimates.

RYE, N.Y., Feb. 24, 2025 (GLOBE NEWSWIRE) — The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE: GDV) (the “Fund” or “GDV”) has approved the spin off a newly created closed-end fund (Gabelli Preferred Securities Trust or “GPS”) whose investment objective will be to seek income and capital appreciation by investing in preferred securities. As investor preferences change and vary across portions of the capital structure, the Fund, which has focused on common equity, is considering additional allocation to preferred securities. The Fund would contribute approximately $150 million of its cash and/or securities to GPS and would then distribute all of the shares of GPS pro rata to the common shareholders of GDV. GPS will seek to have its shares listed on the New York Stock Exchange. Following the spin off, GPS is...

reAlpha Acquires GTG Financial, Inc.

Written by Customer Service on February 24, 2025. Posted in Mergers And Acquisitions.

reAlpha Strengthens Mortgage Operations with Acquisition of GTG Financial, Inc. DUBLIN, Ohio, Feb. 24, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (“reAlpha”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announced the acquisition of GTG Financial, Inc. (“GTG Financial”), a mortgage brokerage company founded by Glenn Groves, a U.S. Marine and industry leader. GTG Financial is licensed to operate in seven U.S. states, including California, which will expand reAlpha’s geographic footprint to a total of 28 U.S. states and strengthen its operational capacity. The acquisition of GTG Financial marks another step in reAlpha’s strategy to further enhance its mortgage operations and provide a more seamless home financing experience within the reAlpha platform,...

Lincoln Educational Services Reports Strong Results for Fourth Quarter and Full Year 2024; Provides Outlook for Continued Strong Growth in 2025

Written by Customer Service on February 24, 2025. Posted in Earnings Releases And Operating Results.

Conference Call Today at 10 a.m. Eastern Standard Time PARSIPPANY, N.J., Feb. 24, 2025 (GLOBE NEWSWIRE) — Lincoln Educational Services Corporation (Nasdaq: LINC) today announced financial and operating results for the fourth quarter and fiscal year ended December 31, 2024, as well as recent business developments. Fourth Quarter 2024 Financial HighlightsRevenue increased by 16.4% to $119.4 million Student starts grew by 9.6%; quarter-end student population rose by 14.1% Net income of $6.8 million and adjusted EBITDA of $19.2 million Total liquidity of nearly $100 million, no debt outstanding Cashflow from operations of $30.3 millionFull Year 2024 Financial and Operational HighlightsAchieved or surpassed fiscal year 2024 guidance ranges for all key financial metrics Revenue increased 16.4% to $440.1 million Student starts grew...

Day: February 24, 2025

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals