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Day: April 23, 2025

Eagle Bancorp, Inc. Announces First Quarter 2025 Results and Cash Dividend

BETHESDA, Md., April 23, 2025 (GLOBE NEWSWIRE) — Eagle Bancorp, Inc. (“Eagle”, the “Company”) (NASDAQ: EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, reported its unaudited results for the first quarter ended March 31, 2025. Eagle reported net income of $1.7 million or $0.06 per diluted share for the first quarter 2025, compared to net income of $15.3 million or $0.50 per diluted share during the fourth quarter. Pre-provision net revenue (“PPNR”)1 in the first quarter was $28.4 million compared to $30.3 million for the prior quarter. The $13.6 million decrease in net income from the prior quarter is primarily due to a $14.1 million increase in provision expense, a $5.1 million decline in net interest income, and a $0.9...

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United Nations Alliance of Civilizations Meeting in Geneva Concludes with Key Recommendations on AI Governance and Launches HUMAN-AI-T: A Global Initiative to Integrate Humanity into Artificial Intelligence

United Nations Alliance of Civilizations Meeting in Geneva Concludes with Key Recommendations on AI Governance and Launches HUMAN-AI-T: A Global Initiative to Integrate Humanity into Artificial IntelligenceUNAOC AI for #OneHumanity: Human-Centered Artificial Intelligence Geneva, Switzerland – April 23, 2025 –WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, today announces that United Nations Alliance of Civilizations meeting in Geneva concludes with key recommendations on AI Governance and launches HUMAN-AI-T. Staying true to its founding motto “Many cultures, one humanity,” the United Nations Alliance of Civilizations (UNAOC), established in 2005 by then UN Secretary-General Kofi Annan, continues to promote cultural diversity, interfaith dialogue, and...

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Correction: ThermoFab Expands Capabilities with Purchase of Reaction Injection Molding (RIM) Equipment

This correction replaces our previous press release from 4/22/2025 SHIRLEY, Mass., April 23, 2025 (GLOBE NEWSWIRE) — ThermoFab, a trusted leader in thermoforming and injection molding heavy gauge plastic enclosures and single use components for medical device and other critical highly regulated industries, is pleased to announce the purchase of RIM molding equipment. All RIM components will be manufactured in ThermoFab’s USMCA-compliant Mexicali facility, allowing for efficient delivery throughout North America with no tariffs. This strategic investment significantly enhances ThermoFab’s capabilities, allowing us to better serve our customers with expanded RIM molding capacity, improved production efficiency, and greater flexibility in manufacturing complex, high-performance enclosures. The newly purchased RIM molding equipment...

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Cartier Resources Closes Offering with Paradigm Capital and Concurrent Offering for Aggregate Gross Proceeds of $11,398,596

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES VAL-D’OR, Québec, April 23, 2025 (GLOBE NEWSWIRE) — Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the “Corporation”) is pleased to announce that it has closed its previously announced private placement with Paradigm Capital Inc. (the “Agent”) for aggregate gross proceeds of $8,395,176.11 (the “Offering”) through a combination of: (i) 27,473,627 units of the Corporation issued on a charitable flow-through basis qualifying as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)) (the “Premium FT Units”) at $0.182 per Premium FT Unit for gross proceeds of $5,000,200.11; and (ii) 26,115,200 units of the Corporation (the “Hard Dollar Units”)...

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OMNI-LITE INDUSTRIES ANNOUNCES ACQUISITION OF ELECTRONIC COMPONENTS, INC.

LOS ANGELES, CALIFORNIA and FRAMINGHAM, MASSACHUSETTS, April 23, 2025 (GLOBE NEWSWIRE) — Omni-Lite Industries Canada Inc. (“Omni-Lite” or the “Company”) (TSXV: OML | OTCQX: OLNCF) is pleased to announce that it has today, signed and completed the strategic acquisition of Framingham, Massachusetts-based Electronic Components, Inc. (“eComp”), a leading value-added distributor of hard-to-find electronic components serving the aerospace & defense, medical, and energy sectors. The acquisition was an all-cash transaction valued at approximately US$350,000. eComp has a strong reputation and long-standing customer relationships known for delivering electronic solutions for obsolescence, technology upgrades, and diminished source issues. The addition of eComp is expected to open new sales channels and increase Omni-Lite’s visibility...

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DeFi Development Corporation Adds $9.9M in Solana to Treasury

BOCA RATON, FL, April 23, 2025 (GLOBE NEWSWIRE) — DeFi Development Corporation (Nasdaq: JNVR) (the “Company”) today announced the purchase of approximately 65,305 Solana (SOL) tokens. Following this transaction, DeFi Development Corporation now holds approximately 317,273 SOL, valued at $48.2 million, including staking rewards. Below is a summary of DeFi Development Corporation’s current SOL position and key per-share metrics as of April 23, 2025:Total SOL Held: 317,273 $ Value of SOL Held: approximately $48.2 million Total Shares Outstanding: Approximately 1.5M SOL per Share (“SPS”): 0.22, valued at $32.88 per share SOL/Share Growth (“SPS” Growth vs. last purchase): 40%A portion of the Solana acquired includes locked SOL sourced via BitGo’s OTC desk, which facilitates purchases from institutional sellers subject to time-based...

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Former U.S. Customs Chief Endorses CustomsTrace AI™ as Critical to National and Economic Security

ScanTech AI’s New Platform is Being Designed to Address Critical Vulnerabilities in National Security Infrastructure Atlanta, GA, April 23, 2025 (GLOBE NEWSWIRE) — ScanTech AI Systems Inc. (the “Company” or “ScanTech AI”) (Nasdaq: STAI),  a global innovator in non-intrusive, fixed-gantry CT (Computed Tomography) screening technologies, announced that the development of its groundbreaking CustomsTrace AI™ platform has been endorsed by former U.S. Customs and Border Protection Commissioner Ralph Basham as critical to both national and economic security. Basham, who also previously served as Director of the U.S. Secret Service, stated, “As the former Commissioner of U.S. Customs and Border Protection, I can attest that this technology could be a vital tool in safeguarding our nation from a wide...

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SBM Offshore starts EUR141 million share repurchase following successful completion of the 2024 program

Amsterdam, April 23, 2025 SBM Offshore announces the completion of its EUR130 million share repurchase program initiated in 2024, and the commencement of a EUR141 million (US$150 million equivalent1) share repurchase program, as announced on February 20, 2025 and effective from April 24, 2025.  EUR141 million share repurchase program The objective of the EUR141 million share repurchase program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs (maximum US$25 million). The remainder of the repurchased shares will be cancelled. The share repurchase program is expected to be completed by February 26, 2026 and will be executed under the authorization granted by the Annual General Meeting of the Company on April 9, 2025. The share repurchase program will be executed under the terms...

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XA Investments Finds Strong Start to 2025 in Fund Launches and Asset Gathering Among Non-Listed Closed End Funds in its First Quarter 2025 Market Update

CHICAGO, April 23, 2025 (GLOBE NEWSWIRE) — XA Investments LLC (“XAI”), an alternative investment management and consulting firm, announced today that its Non-Listed Closed-End Funds First Quarter 2025 Market Update shows a strong start to 2025 in both fund launches and asset gathering. The market update is a comprehensive research report detailing current market trends and industry highlights. The non-listed closed-end fund (CEF) market includes all interval and tender offer funds. The report introduces the XAI Interval Fund Index™ (INTVL), analyzes recent developments in co-investment relief, and reviews 2024 net flows across the market. “The non-listed CEF market continues to grow after a record year in 2024, with many sponsors launching a second fund and new sponsors entering the market” stated Kimberly Flynn, the president...

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Lottery.com in Final Stages of 2-Year Turnaround

Company Launches Aggressive $250 Million Growth Strategy FORT WORTH, Texas, April 23, 2025 (GLOBE NEWSWIRE) — Lottery.com Inc. (NASDAQ: LTRY, LTRYW) (“Lottery.com” or the “Company”) today provides an update on its two-year transformation, marking a new era of financial strength, operational momentum, and strategic expansion. Backed by $250 million in committed funding, fully Nasdaq-compliant, and generating strong market engagement, the Company now embarks on an aggressive buy-and-build strategy aimed at positioning the Company for success in both domestic and international markets. The April 2025 Annual General Meeting and Investors Lunch at Mar-a-Lago celebrated the close of Lottery.com’s financial restructuring. Key Achievements:$150 Million Commitment from United Capital Investments London (UCIL) –...

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