Day: April 15, 2025

Colliers announces acquisition of Triovest

Written by Customer Service on April 15, 2025. Posted in Mergers And Acquisitions.

Solidifies Colliers’ position as Canada’s largest commercial real estate services provider TORONTO, April 15, 2025 (GLOBE NEWSWIRE) — Colliers (NASDAQ, TSX: CIGI) announced today that it has entered into a definitive agreement to acquire Triovest Inc. (“Triovest”), a leading Canadian commercial real estate services platform, from its owner, Coril Holdings. After closing, Triovest will rebrand as Colliers, merging its operations and capabilities to solidify Colliers’ position as Canada’s largest commercial real estate services firm. The combined Canadian operations will employ more than 3,000 professionals, manage more than 95 million square feet of commercial real estate, and oversee more than $15 billion in projects under development. The transaction is subject to customary closing conditions and is expected to close during...

Adverum Biotechnologies Reports Fourth Quarter and Full Year 2024 Financial Results and Provides Pipeline Highlights and Updates to Anticipated Milestones

Written by Customer Service on April 15, 2025. Posted in Earnings Releases And Operating Results.

REDWOOD CITY, Calif., April 15, 2025 (GLOBE NEWSWIRE) — Adverum Biotechnologies, Inc. (Nasdaq: ADVM), a clinical-stage company pioneering the use of gene therapy to preserve sight for life in highly prevalent ocular diseases, today reported financial results for the fourth quarter and full year 2024. The company also provided pipeline highlights and updates to anticipated milestones. “We believe Ixo-vec is poised to redefine the standard of care for patients with wet AMD as a potential best-in-class, one-and-done gene therapy. Ixo-vec offers the potential for life-long vision preservation and a favorable safety profile and is overwhelmingly preferred by patients over today’s treatment, as evidenced by our LUNA 52-week and OPTIC 4-year data,” stated Laurent Fischer, M.D., president and chief executive officer of Adverum Biotechnologies....

ParaZero Launches SafeAir M4 – Its Most Advanced Parachute Recovery System, Now Compatible with DJI Matrice 4

Written by Customer Service on April 15, 2025. Posted in Public Companies.

New generation of parachute technology combines a completely new design, swappable parachute capsules and triple sensor redundancy to redefine drone safety TEL AVIV, Israel, April 15, 2025 (GLOBE NEWSWIRE) — ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace company focused on safety systems for commercial unmanned aerial systems and counter UAS systems, today announced the launch of its latest drone safety innovation – the SafeAir M4, its next-generation autonomous parachute recovery system now fully compatible with the DJI Matrice 4 series. The SafeAir M4 represents the most advanced version of ParaZero’s proven SafeAir system, incorporating aircraft-grade technology, a newly developed airbag-based deployment mechanism, plug-and-play design, and multi-layered compliance with both U.S. and European...

KOIL Energy Reports Fourth Quarter and Full Year 2024 Results

Written by Customer Service on April 15, 2025. Posted in Earnings Releases And Operating Results.

HOUSTON, April 15, 2025 (GLOBE NEWSWIRE) — Koil Energy Solutions, Inc. (OTCQB: KLNG), a specialist in deepwater energy production and distribution equipment and services, released today its fourth quarter and full year 2024 results. Fourth Quarter 2024 Results • Revenue of $ 6 million, a 48% increase year over year • Modified EBITDA of $ 1 million, an increase of $1.6 million year over year Full Year 2024 Results • Revenue of $23 million, a 48% increase year over year • Modified EBITDA of $3.5 million, a net increase of $4.4 million year over year • Working capital of $5.7 million as of December 31, 2024, including $3.4 million in cash. Erik Wiik, President and Chief Executive Officer of KOIL Energy, stated, ” I am immensely proud of the KOIL Energy team for delivering an exceptional quarter, surpassing the revenue of each...

Aduro Clean Technologies Reports Third Quarter Fiscal 2025 Results

Written by Customer Service on April 15, 2025. Posted in Earnings Releases And Operating Results.

LONDON, Ontario, April 15, 2025 (GLOBE NEWSWIRE) — Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, has filed its interim condensed consolidated financial results for the three and nine months ended February 28, 2025, and has provided the following highlights. Unless otherwise indicated, all financial information in this press release is reported in Canadian dollars. Ofer Vicus, CEO of Aduro, commented, “During the third fiscal quarter, Aduro continued to execute toward its 2025 strategic goals by expanding engineering capacity and leadership while maintaining momentum in its customer engagement and...

Flagship Communities Real Estate Investment Trust Announces April 2025 Cash Distribution

Written by Customer Service on April 15, 2025. Posted in Dividend Reports And Estimates.

Not for distribution to U.S. newswire services or dissemination in the United States. TORONTO, April 15, 2025 (GLOBE NEWSWIRE) — Flagship Communities Real Estate Investment Trust (the “REIT”) (TSX:MHC.U; MHC.UN) announced today a cash distribution of US$0.0517 per REIT unit for the month of April 2025, representing US$0.62 per REIT unit on an annual basis. Payment will be made on or about May 15, 2025, to unitholders of record as of the close of business on April 30, 2025. Distributions paid to Canadian unitholders (and other non-U.S. unitholders) generally will be subject to U.S. withholding tax. Unitholders should consult their own tax advisors for advice with respect to the tax consequences of receiving a distribution from the REIT in their own circumstances. About Flagship Communities Real Estate Investment Trust Flagship Communities...

Tims China Announces Fourth Quarter and Full Year 2024 Financial Results

Written by Customer Service on April 15, 2025. Posted in Earnings Releases And Operating Results.

3.9 Percentage Points Improvement in Company Owned and Operated Store Contribution Margin 76 Net New Store Openings During the Fourth Quarter,1,022 System-Wide Stores at Year-End 2024 24.0 Million Registered Loyalty Club Members at Year-End,Representing 29.7% Year-over-Year Growth SHANGHAI and NEW YORK, April 15, 2025 (GLOBE NEWSWIRE) — TH International Limited (Nasdaq: THCH), the exclusive operator of Tim Hortons coffee shops in China (“Tims China” or the “Company”) today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. FOURTH QUARTER 2024 HIGHLIGHTSTotal revenues of RMB332.6 million (USD45.6 million), representing a 12.0% decrease from the same quarter of 2023. System sales1 of RMB345.7 million (USD47.4 million), representing a 7.9% decrease from the same quarter of 2023. Net...

DHT Holdings, Inc. announces the sale of two VLCCs

Written by Customer Service on April 15, 2025. Posted in Public Companies.

HAMILTON, BERMUDA, April 15, 2025 – DHT Holdings, Inc. (NYSE:DHT) (“DHT” or the “Company”) today announces that it has entered into an agreement to sell the DHT Lotus and the DHT Peony for a combined price of $103 million. Both vessels were built at Bohai Shipbuilding Heavy Industry Co, China, in 2011. The vessels are expected to be delivered to the new owner in April and July, respectively. After repayment of existing debt on the vessels, amounting to $15.9 million in aggregate, the transaction is expected to generate net cash proceeds of approximately $85.0 million. The Company expects to record gains of $17.5 million and $15.5 million in the second and third quarter respectively. The vessels were acquired in 2017 as part of the acquisition of BW Group’s VLCC fleet for an aggregate price of $115.8 million. President & CEO, Svein...

CEMATRIX Announces Normal Course Issuer Bid

Written by Customer Service on April 15, 2025. Posted in Public Companies.

CALGARY, Alberta, April 15, 2025 (GLOBE NEWSWIRE) — CEMATRIX Corporation (TSX: CEMX) (OTCQB: CTXXF) (“CEMATRIX” or the “Company“), a specialty construction contractor that produces cellular concrete solutions on site and is a leading manufacturer and supplier of cellular concrete in North America announced today that the Toronto Stock Exchange (“TSX”) has accepted the Company’s notice of intention to implement a normal course issuer bid (the “NCIB”). Under the NCIB, the Company may purchase for cancellation a maximum of 13,508,235 common shares of the Company (the “Shares”), representing 10% of the public float (as defined by the TSX) as of April 8, 2025. On April 8, 2025, CEMATRIX had 150,459,819 Shares issued and outstanding. The NCIB will commence on April 17, 2025 and will terminate upon...

Partners Value Investments Announces Intention to List Non-Voting Exchangeable Shares on the TSX Venture Exchange

Written by Customer Service on April 15, 2025. Posted in Public Companies.

TORONTO, April 15, 2025 (GLOBE NEWSWIRE) — Partners Value Investments Inc. (TSXV: PVF.WT) (“PVII”) today announced that PVII’s non-voting exchangeable shares (the “Exchangeable Shares”) are expected to commence trading on the TSX Venture Exchange (the “TSXV”) under the symbol “PVF.A”. PVII’s current intention is for the Exchangeable Shares to commence trading on the TSXV on April 17, 2025. The Exchangeable Shares have been assigned CUSIP number 70214W104 and ISIN number CA70214W1041. TSX Trust Company is acting as transfer agent for the Exchangeable Shares. The Exchangeable Shares are exchangeable on a one-for-one basis for equity limited partnership units (“Equity Units”) of Partners Value Investments L.P. (“PVI LP”). A holder of Exchangeable Shares may, at their option, submit an exchange request to PVII requiring PVII to redeem...

Day: April 15, 2025

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