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Day: May 1, 2025

TWFG Insurance Acquires Agencies in Texas and North Carolina, and Adds Innovative Agency Owner, Denise Davis, as Vice President of Retail Operations

THE WOODLANDS, Texas, May 01, 2025 (GLOBE NEWSWIRE) — TWFG, Inc. (“TWFG”, the “Company”), a high-growth insurance distribution company, announced today the acquisition of two agencies, one in Texas and one in North Carolina, and the hiring of Denise Davis as Vice President of Retail Operations. Denise Davis Insurance, located in Tomball, Texas, converted to a TWFG Corporate Branch on April 1, 2025, after nearly 23 years as an independent TWFG Branch. This move allows Denise to take on the role of Vice President of Retail Operations at TWFG, where her industry and technological process expertise will bring scale and efficiency to our over 500 locations in 33 states. Paul Mears Insurance Group, Inc. joined TWFG on May 1, 2025. The agency has 16 employees in three locations in Valdese, North Wilkesboro, and Morgantown, North Carolina,...

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Hammond Power Solutions Reports First Quarter 2025 Financial Results

(Dollar amounts are in thousands, in Canadian currency unless otherwise specified) GUELPH, Ontario, May 01, 2025 (GLOBE NEWSWIRE) — Hammond Power Solutions Inc. (“HPS”) (TSX: HPS.A) a leading manufacturer of dry-type transformers, power quality products and related magnetics, today announced its financial results for the first quarter 2025. HIGHLIGHTSSales of $201 million in the quarter, a 5.6% increase versus Quarter 1, 2024. Adjusted EBITDA of $30,916 in the quarter, or 15.4% of sales. Gross margin was $63.5 million or 31.5% of sales in Quarter 1, 2025, versus $60.5 million or 31.7% in Quarter 1, 2024. Net earnings of $26.2 million in the quarter, significantly impacted by share-based compensation. Earnings per share of $2.20. Adjusted earnings per share of $1.60. Backlog at the end of the quarter increased by 17.7% versus...

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Correction: Beyond Oil Receives an Additional C$4.5 Million Through Warrant Exercises; Provides an Update on RBI Supplier Approval & US Team Expansion

Funds to Support Continued Global Expansion as Company Scales Across International Markets VANCOUVER, BC and KIBBUTZ YIFAT, Israel, May 01, 2025 (GLOBE NEWSWIRE) — Beyond Oil Ltd. (CSE: BOIL) (OTCQB: BEOLF) (Frankfurt: UH9) (“Beyond Oil” or the “Company“), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste, and enhancing sustainability, is pleased to announce that since January 1, 2025, it has received an aggregate of C$4,497,304.66 in proceeds from the exercise of a of 3,399,271 warrants that were previously issued in May 2022 and June 2024. The proceeds from these warrant exercises are expected to provide additional capital to support the Company’s global growth strategy, which has seen substantial progress...

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Glacier Bancorp Completes Acquisition of Bank of Idaho Holding Co. in Idaho Falls, Idaho

KALISPELL, Mont., May 01, 2025 (GLOBE NEWSWIRE) — Glacier Bancorp, Inc. (“Glacier”) (NYSE: GBCI), today announced the completion of its acquisition of Bank of Idaho Holding Co. (“BOID”) (OTCQX: BOID), the bank holding company for Bank of Idaho, a community bank headquartered in Idaho Falls, Idaho. The Bank of Idaho operations will join three existing Glacier Bank divisions: the Eastern Idaho operations of Bank of Idaho will join Citizens Community Bank, the Boise operations will join Mountain West Bank, and the Eastern Washington operations will join Wheatland Bank. As of March 31, 2025, BOID had total assets of $1.3 billion, total loans of $1.1 billion and total deposits of $1.1 billion. About Glacier Bancorp, Inc. Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank divisions: Altabank (American Fork, UT),...

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Mercer International Inc. Reports First Quarter 2025 Results and Announces Quarterly Cash Dividend Of $0.075

Selected HighlightsFirst quarter Operating EBITDA* of $47.1 million (net loss of $22.3 million) compared to $63.6 million (net loss of $16.7 million) in the same quarter of 2024 Continue to implement cost reduction and operational efficiency initiatives targeting approximately $100 million in savings by the end of 2026 The first quarter of 2025 included annual planned maintenance downtime at the Celgar mill compared to no such downtime in the first quarter of 2024NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Mercer International Inc. (Nasdaq: MERC) today reported first quarter 2025 Operating EBITDA of $47.1 million, a decrease from $63.6 million in the same quarter of 2024 and $99.2 million in the fourth quarter of 2024. In the first quarter of 2025, net loss was $22.3 million ($0.33 per share) compared to $16.7 million ($0.25...

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Guggenheim Investments Announces May 2025 Closed-End Fund Distributions

NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) — Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”). The following dates apply to the distributions: Record Date May 15, 2025 Ex-Dividend Date May 15, 2025 Payable Date May 30, 2025Distribution ScheduleNYSE Ticker Closed-End Fund Name Distribution Per Share Change from Previous Distribution FrequencyAVK Advent Convertible and Income Fund $0.1172†   MonthlyGBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust $0.12573†   MonthlyGOF Guggenheim Strategic Opportunities Fund $0.1821†   MonthlyGUG Guggenheim Active Allocation Fund $0.11875†   Monthly† A portion of this distribution...

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Altai Announces Initiation of Strategic Review

TORONTO, May 01, 2025 (GLOBE NEWSWIRE) — Altai Resources Inc. (TSXV: ATI) (“Altai” or the “Company”) announced today that the Board of Directors (the “Board”) has initiated a strategic review process to identify, evaluate, and pursue a range of potential strategic alternatives with the goal of maximizing shareholder value and liquidity (the “Strategic Review”). As part of the Strategic Review, the potential strategic alternatives could include, amongst other things, either individually or in combination, the sale of part, or all, of the assets of the Company, the sale of the Company, a merger or other business combination with another party, a special cash distribution, a wind-up, or any other strategic transaction. Kursat Kacira, Altai’s Chairman & CEO/President and the Company’s largest shareholder, with a combined direct...

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Beyond Oil Receives an Additional C$4.5 Million Through Warrant Exercises; Provides an Update on RBI Supplier Approval & US Team Expansion

Fine Brings Significant Operational Experience from Some of the Largest US-Based Restaurant Chains Bolstering Beyond Oil’s Operational Capabilities as it Scales Globally VANCOUVER, BC and KIBBUTZ YIFAT, Israel, May 01, 2025 (GLOBE NEWSWIRE) — Beyond Oil Ltd. (CSE: BOIL) (OTCQB: BEOLF) (Frankfurt: UH9) (“Beyond Oil” or the “Company“), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste, and enhancing sustainability, is pleased to announce that since January 1, 2025, it has received an aggregate of C$4,497,304.66 in proceeds from the exercise of a of 3,399,271 warrants that were previously issued in May 2022 and June 2024. The proceeds from these warrant exercises are expected to provide additional capital to support...

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Capital Power reports voting results from the 2025 annual meeting of shareholders

EDMONTON, Alberta, May 01, 2025 (GLOBE NEWSWIRE) — The annual meeting of shareholders (“annual meeting”) for Capital Power Corporation (TSX: CPX) (“Capital Power” or “the Corporation”) was held on April 29, 2025. Each of the matters voted upon at the annual meeting is discussed in detail in the Corporation’s Management Proxy Circular dated March 10, 2025 and available on the Corporation’s website at: www.capitalpower.com/AGM. The manner in which the ballots or proxies received, as applicable, were voted in respect of each matter is set out below. 1.   Election of Directors:Each of the 10 director nominees put forward by management were elected directors of the Corporation to hold office until the close of the next annual meeting of shareholders or until their successor is duly elected or appointed. The voting results were as follows:Director Votes...

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Fold To Release First Quarter 2025 Results May 15th

PHOENIX, May 01, 2025 (GLOBE NEWSWIRE) — Fold Holdings, Inc. (NASDAQ: FLD) (“Fold”), the first publicly traded bitcoin financial services company, today announced that it will hold its earnings conference call and webcast for the first quarter ended March 31, 2025 on Thursday, May 15, 2025 at 5:00 PM Eastern Time. A press release detailing these results will be issued prior to the call on the same day. Conference Call Information:To participate in this event, please log on or dial in approximately 5 minutes before the beginning of the call.Date: May 15, 2025 Time: 5:00 PM EST Participant Call Links:Live Webcast: Link Dial-in Registration Link: LinkParticipants wishing to join the conference call by phone should register using the Dial-in Registration link provided above. After completing the registration, the participants...

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