Day: March 12, 2025

NextNav Announces $190 Million of 5% Redeemable Senior Secured, Convertible Transaction

Written by Customer Service on March 12, 2025. Posted in Public Companies.

New Investment Led by M-Cor Capital, LLC and Fortress Investment Group Existing 10% Senior Secured Notes to be Redeemed RESTON, Va., March 12, 2025 (GLOBE NEWSWIRE) — NextNav Inc. (the “Company” or “NextNav”) [NASDAQ: NN], a leader in next-generation positioning, navigation, and timing (“PNT”) and 3D geolocation, today announced it had entered into a purchase agreement for the sale of $190 million of 5% redeemable senior secured convertible notes (the “New Notes”). The New Notes will mature on June 30, 2028, and approximately $70 million of the proceeds from this issuance will be used to redeem NextNav’s existing 10% Senior Secured Notes due December 1, 2026 (the “10% Notes”) and pay accrued interest. The New Notes transaction was led by M-Cor Capital, LLC, the investment arm of the Milken Family Office (“M-Cor Capital”),...

ECN Capital Announces C$75 Million Bought Deal Offering of 6.50% Listed Convertible Senior Unsecured Debentures

Written by Customer Service on March 12, 2025. Posted in Public Companies.

Not for distribution to the U.S. Newswire Services or Dissemination in the United States Base shelf prospectus is accessible, and prospectus supplement will be accessible within two business days, on SEDAR+ TORONTO, March 12, 2025 (GLOBE NEWSWIRE) — ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today announced that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) led by CIBC Capital Markets, National Bank Financial, BMO Capital Markets and RBC Capital Markets under which the Underwriters have agreed to purchase C$75 million aggregate principal amount of listed convertible senior unsecured debentures due April 30, 2030 (the “Debentures”) at a price of C$1,000 per Debenture (the “Offering”). ECN Capital has also granted the Underwriters an option to purchase up to an additional...

Crown Castle Announces Updated Fourth Quarter 2024 Earnings Conference Call Details

Written by Customer Service on March 12, 2025. Posted in Public Companies.

HOUSTON, March 12, 2025 (GLOBE NEWSWIRE) — Crown Castle Inc. (NYSE: CCI) (“Crown Castle”) plans to reschedule the release of its fourth quarter 2024 results to Thursday, March 13, 2025, after the market closes. As previously disclosed, Crown Castle is pursuing a review of strategic alternatives that may be available with respect to its Fiber segment. Due to the significant demands related to the strategic review, Crown Castle has rescheduled its conference call for Thursday, March 13, 2025 at 5:00 p.m. eastern time. A listen only live audio webcast of the conference call, along with any supplemental materials, can be accessed on the Crown Castle website at https://investor.crowncastle.com. Participants may join the conference call by dialing 833-816-1115 (Toll Free) or 412-317-0694 (International) at least 30 minutes...

Registration Is Now Open For Tribe Public’s Webinar Event “Keys To The Kingdom: Unlocking The Power Of Your Immune System” Featuring Indaptus Therapeutics’ CEO On Monday, March 17, 2025

Written by Customer Service on March 12, 2025. Posted in Public Companies.

Meet with Indaptus Therapeutics’ CEO Jeffrey Meckler Register at INDP-KEYS.TribePublic.comNEW YORK, March 12, 2025 (GLOBE NEWSWIRE) — Indaptus Therapeutics, Inc. (NASDAQ: INDP) announces that Indaptus’ CEO, Jeffrey Meckler, will present at Tribe Public’s Webinar Presentation and Q&A Event titled “Keys To The Kingdom: Unlocking The Power Of Your Immune System.” The Event is scheduled to begin at 9:00am pacific/12:00pm eastern on Monday, March 17, 2025. To register to join the complimentary event, please visit the Tribe Public LLC at INDP-KEYS.TribePublic.com.Once registered, participants may begin forwarding their questions for the CEO to Tribe Public at research@tribepublic.com or share their questions via the ZOOM chat feature during the event. Tribe Public’s Managing Member, John F. Heerdink, Jr., will host the event...

FreightCar America, Inc. Reports Fourth Quarter and Full Year 2024 Results

Written by Customer Service on March 12, 2025. Posted in Earnings Releases And Operating Results.

Reports full year Revenue up 56% with Gross Profit up 60% Generates full year Operating Cash Flow of $45 million and Adj. Free Cash Flow of $22 million Projecting sequential growth across Deliveries, Revenue and Adj. EBITDA for 2025 CHICAGO, March 12, 2025 (GLOBE NEWSWIRE) — FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today reported results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 HighlightsRevenues of $137.7 million, compared to revenues of $126.6 million in the fourth quarter of 2023, up 8.8% on stable railcar deliveries of 1,019, compared to 1,021 in the prior period Gross margin of 15.3% with gross profit of $21.0 million, compared to gross margin of...

Global Credit Union and First Financial Northwest, Inc. Announce Receipt of Final Regulatory Approval for Transaction

Written by Customer Service on March 12, 2025. Posted in Mergers And Acquisitions.

ANCHORAGE, Alaska and RENTON, Wash., March 12, 2025 (GLOBE NEWSWIRE) — Global Federal Credit Union (“Global”) and First Financial Northwest, Inc. (the “Company”) (NASDAQ GS: FFNW), the holding company for First Financial Northwest Bank (the “Bank”), jointly announced today that Global received the required regulatory approval from the National Credit Union Administration (“NCUA”) for its acquisition of substantially all of the assets and assumption of substantially all of the liabilities (including deposit liabilities) of the Bank (the “Asset Sale”), on the terms and subject to the conditions of the Purchase and Assumption Agreement, dated as of January 10, 2024, by and among the Company, the Bank and Global (the “Agreement”). The Bank previously received and has maintained approvals from the Federal Deposit Insurance Corporation...

Cheetah Net Supply Chain Service Inc. Announces Full Year 2024 Results and Provides Corporate Update

Written by Customer Service on March 12, 2025. Posted in Earnings Releases And Operating Results.

IRVINE, Calif., March 12, 2025 (GLOBE NEWSWIRE) — Cheetah Net Supply Chain Service Inc. (“Cheetah” or the “Company”) (Nasdaq CM: CTNT), a logistics and warehousing services provider, today reported results for the year ended December 31, 2024 and provided a corporate update. Recent Highlights*Continuous challenging market conditions in the PRC have resulted in an industry-wide slowdown of parallel-import vehicle sales, including price and volume drops in the luxury car models and as a result the Company’s margin was significantly compressed or even eliminated. The Company experienced significantly lower sales volume and negative margin in the parallel-import vehicle segment during the year ended December 31, 2024. On March 5, 2025, the Company’s board of directors (the “Board”) approved the discontinuation of its parallel-import...

Freehold Royalties Announces 2024 Results, Reserves and 2025 Guidance

Written by Customer Service on March 12, 2025. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, March 12, 2025 (GLOBE NEWSWIRE) — Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announces fourth quarter and year-end results for the period ended December 31, 2024. Fourth Quarter 2024 Highlights$77 million in revenue; $61 million in funds from operations ($0.40/share)(1)(3); $41 million in dividends paid ($0.27/share)(2); 9,878 bbls/d of total liquids production, a 5% increase from last quarter with approximately half from organic growth driven mainly from Canadian heavy oil, and the balance from the December 2024 Acquisition (detailed below); 15,306 boe/d of total production, with a record 65% weighting to oil and natural gas liquids (NGLs); Gross drilling of 288 wells, up 4% from last quarter; $53.80/boe average realized price ($65.48/boe in the U.S. and $46.53/boe in Canada);41% pricing...

Calavo Growers, Inc. Announces First Quarter 2025 Financial Results

Written by Customer Service on March 12, 2025. Posted in Earnings Releases And Operating Results.

SANTA PAULA, Calif., March 12, 2025 (GLOBE NEWSWIRE) — Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado industry leader and provider of value-added fresh food, today reported its financial results for the fiscal first quarter ended January 31, 2025. First Quarter Financial OverviewTotal net sales of $154.4 million, a 21.0% increase from the prior year quarter.Fresh1 segment sales increased $26.8 million, or 23.7%, from the prior year quarter. Prepared segment sales remained essentially flat from the prior year quarter.Gross profit of $15.7 million, a 46.2% increase from the prior year quarter.Fresh segment gross profit of $12.1 million, an 88.8% increase from the prior year quarter. Prepared segment gross profit of $3.6 million, a 17.1% decrease from the prior year quarter.Selling, general, and administrative...

Urgently Announces Fourth Quarter and Full-Year 2024 Financial Results

Written by Customer Service on March 12, 2025. Posted in Earnings Releases And Operating Results.

Revenue In Line With Expectations; Continued Progress to Enhance Profitability and Drive Margin Expansion VIENNA, Va., March 12, 2025 (GLOBE NEWSWIRE) — Urgent.ly Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today reported financial results for the fourth quarter and full-year ended December 31, 2024. “I am pleased with our significant accomplishments in 2024, as we continued to make strong progress in executing against our strategic initiatives to achieve profitability, operational efficiencies and disciplined expense management. For the year, we delivered revenue in line with our expectations, gross profit margin improvement of 160 basis points, a GAAP operating loss improvement of 41%, and non-GAAP operating loss improvement of 18%. In addition,...

Day: March 12, 2025

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