Month: April 2025

APMH Invest makes all-cash voluntary recommended purchase offer for Svitzer

Written by Customer Service on April 2, 2025. Posted in Mergers And Acquisitions.

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL A.P. Møller Holding A/S (APMH) has today, through its wholly owned subsidiary APMH Invest A/S (APMHI), made an all-cash voluntary recommended purchase offer to the shareholders of Svitzer Group A/S (Svitzer) to acquire all issued and outstanding shares of Svitzer, excluding any Svitzer treasury shares and shares held by APMHI (the Offer). APMHI has also today published an offer document (the Offer Document) with detailed information about the Offer, including the terms and conditions of the Offer. The Offer Document is, subject to certain restrictions, available at https://investor.svitzer.com/voluntary-offer. APMH, through its wholly owned subsidiary APMHI, currently owns 47% of the share capital and...

Svitzer updates on current trading

Written by Customer Service on April 2, 2025. Posted in Earnings Releases And Operating Results.

Today, Svitzer Group A/S (Svitzer) has published an update on its current financial performance in the first two months of 2025, showing progress according to internal plans. The preliminary and unaudited figures for January and February 2025 (January and February 2024 in brackets) show the following highlights:Revenue of DKK 1,070m (DKK 1,037m), corresponding to 2.6% growth in constant exchange ratesEBITDA of DKK 315m (DKK 318m (adjusted EBITDA in 2024)), corresponding to a 0.9% decline in constant exchange rates compared to adjusted EBITDA and equalling an EBITDA margin of 29.4%Number of tug jobs in Harbour Towage were 23,834 (25,029), corresponding to a decrease of 4.8%The financial performance was driven mainly by positive development in the Americas operating segment, partially offset by lower volumes in Harbour Towage that...

Rubicon Organics Reports 2024 Financial Results

Written by Customer Service on April 2, 2025. Posted in Earnings Releases And Operating Results.

Highlights for the fourth quarter ended December 31, 2024 and subsequent events:Record high net revenue of $14.2 million, an increase of 42% from Q4 2023 Achieved Adjusted EBITDA1 of $1.6 million (including $0.25 million of one-time ERP costs) Achieved positive operating cashflows of $2.3 million and Free Cash Flows2 of $1.8 million Secured $10 million credit facilities at interest rate of 6.75% for 5 years Entered into purchase and sale agreement for Hope, BC facility, expanding capacity of premium flower by 40%3 Secured key international certification and delivered first international shipmentHighlights for the year ended December 31, 2024:Record high net revenue of $48.7 million, an increase of 21% from 2023 Adjusted EBITDA1 of $4.0 million (including $0.9 million of one-time ERP costs) Operating cash flow of $3.4 millionVANCOUVER,...

CLIK Announces Pricing of $8.28 Million Public Offering of Ordinary Shares

Written by Customer Service on April 2, 2025. Posted in Public Companies.

Hong Kong, April 01, 2025 (GLOBE NEWSWIRE) — Click Holdings Limited (NASDAQ: CLIK) (“Click” or the “Company”), a provider of human resources (“HR”) solutions in Hong Kong specializing in Seniors Nursing Care, Logistics, and Professional HR services, today announced the pricing of its public offering of 13,800,000 ordinary shares at a public offering price of $0.6 per ordinary share. Gross proceeds, before deducting placement agent fees and other offering expenses, are expected to be approximately $8.28 million. The offering is expected to close on April 2, 2025, subject to customary closing conditions. Pacific Century Securities LLC and Revere Securities LLC acted as co-placement agents in connection with this offering. The securities described above were offered pursuant to a registration statement on Form F-1, as amended (File...

The InterGroup Corporation Announces Strategic Refinancing of Hilton San Francisco Financial District Hotel

Written by Customer Service on April 1, 2025. Posted in Public Companies.

SAN FRANCISCO, CA, April 01, 2025 (GLOBE NEWSWIRE) — The InterGroup Corporation (NASDAQ: INTG) (“InterGroup” or “the Company”), the parent company of Portsmouth Square, Inc. (OTC: PRSI) (“Portsmouth Square”), today announced the successful refinancing of its subsidiary’s flagship asset, the Hilton San Francisco Financial District Hotel. This strategic refinancing positions the Company and its subsidiaries for improved financial flexibility and stability in managing their premier hospitality assets. The refinancing was executed through Justice Operating Company, LLC (“Justice”), a wholly owned subsidiary of Portsmouth Square. Justice secured a $67 million mortgage loan agreement with PRIME Finance, arranged by Eastdil Secured, a leading global real estate investment banking firm. The loan...

COSCIENS Biopharma Inc. Announces Receipt of Management Cease Trade Order

Written by Customer Service on April 1, 2025. Posted in Public Companies.

TORONTO, ONTARIO, April 01, 2025 (GLOBE NEWSWIRE) — COSCIENS Biopharma Inc. (NASDAQ: CSCI) (TSX: CSCI) (“COSCIENS” or the “Company”), a life science company which develops and commercializes a diversified portfolio of cosmeceutical, nutraceutical and pharmaceutical products, today announces further to its news release of March 19, 2025 (the “Default Announcement”) that its application to the Ontario Securities Commission (the “OSC”) for a management cease trade order (“MCTO”), in accordance with National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”), has been accepted by the OSC. The MCTO was issued by the OSC, effective as of April 1, 2025, in connection with the Company’s potential delay in its filing of: (a) its annual financial statements as of December 31, 2024 and 2023 and for the years ended December 31, 2024,...

Cartier Resources Announces Subscription Agreement for Flow-Through Units Under Its Previously Announced Brokered Offering and Adjustments Further to Tax Measures Unveiled by the Quebec Minister of Finance

Written by Customer Service on April 1, 2025. Posted in Public Companies.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES. VAL-D’OR, Québec, April 01, 2025 (GLOBE NEWSWIRE) — Cartier Resources Inc. (TSX-V: ECR) (“Cartier” or the “Corporation”) announces the execution, on March 31, 2025, of an amending agreement (the “Amending Agreement”) further to the engagement letter dated March 20, 2025 between Paradigm Capital Inc. (the “Agent”) and the Corporation (the “Engagement Letter”) with respect to its previously announced “best efforts” private placement offering of securities of Cartier (the “Offering“). The Amending Agreement was concluded to address potential impacts of several tax measures unveiled on March 25, 2025 by the Minister of Finance (Québec) in connection with his 2025-2026 budget (the “2025 Québec Budget”). The Offering will...

Cygnus secures another two years to increase its stake in Pontax

Written by Customer Service on April 1, 2025. Posted in Public Companies.

The extension gives Cygnus additional time to meet its earn-in milestones while enhancing the likelihood of exploration success Pontax Lithium Project, James Bay, Canada TORONTO and PERTH, Western Australia, April 01, 2025 (GLOBE NEWSWIRE) — Cygnus Metals Limited (ASX: CY5, TSXV: CYG, OTCQB: CYGGF) is pleased to announce that it has negotiated a two-year extension to its two-stage earn-in with Stria Lithium Inc (“Stria”) for the Pontax Lithium Project in James Bay, Quebec (“Pontax”). In July 2023, Cygnus announced that it had earned 51 per cent of Pontax under the first stage of the earn-in by spending C$4 million on the project and issuing 9,129,825 fully paid ordinary shares in Cygnus (“Shares”) to Stria. As a demonstration of the co-operation between Stria and Cygnus, the parties have now agreed that Cygnus has an additional...

Tenaris Files 2024 Annual Report / Annual Report on Form 20-F, and Convenes the Annual General Meeting of Shareholders and an Extraordinary General Meeting of Shareholders

Written by Customer Service on April 1, 2025. Posted in Public Companies.

LUXEMBOURG, April 01, 2025 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) filed today its 2024 Annual Report / Annual Report on Form 20-F, with the Luxembourg Stock Exchange, with the U.S. Securities and Exchange Commission (SEC), and with the other securities regulators of the markets where its securities are listed. The 2024 Annual Report (which includes the consolidated management report containing the financial and non-financial information (or sustainability statement) required by applicable law; the related management certifications on the consolidated financial statements as of and for the year ended 31st December 2024, and on the annual accounts as at 31st December 2024; and the external auditors’ reports on such consolidated financial statements, annual accounts and sustainability statement) may...

Partners Value Investments Completes Amalgamation

Written by Customer Service on April 1, 2025. Posted in Mergers And Acquisitions.

TORONTO, April 01, 2025 (GLOBE NEWSWIRE) — Partners Value Investments L.P. (TSXV: PVF.UN, TSXV: PVF.PR.U) (the “Partnership”) and Partners Value Investments Inc. (TSXV: PVF.WT) (“PVII”) today announced the successful completion of a short form vertical amalgamation under the Business Corporations Act (Ontario) between PVII and Partners IV Inc., a wholly-owned subsidiary of PVII (the “Amalgamation”). As a result of the Amalgamation, 5,640,600 non-voting exchangeable shares of PVII (the “Exchangeable Shares”) that were previously held by Partners IV were cancelled. Additionally, in connection with the Amalgamation, an aggregate of 2,749,429 Exchangeable Shares were issued to former holders of non-voting common shares in the capital of Partners IV. The PVII Board and the board of trustees of PVMT have each appointed Cyrus Madon as...

Month: April 2025

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