Day: May 9, 2025

The Herzfeld Caribbean Basin Fund, Inc. Announces Distribution in Stock and Cash

Written by Customer Service on May 9, 2025. Posted in Dividend Reports And Estimates.

MIAMI BEACH, Fla., May 09, 2025 (GLOBE NEWSWIRE) — The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund will pay a distribution pursuant to the Fund’s managed distribution policy (the “Policy”) using a combination of shares of common stock and cash. Distribution in Stock and Cash: The Fund has announced a distribution to be paid as follows:Declaration Date Ex-Date Record Date Payment Date Per Share05/09/2025 05/23/2025 05/23/2025 06/30/2025 $0.2325 The distribution for stockholders will be paid in cash or shares of our common stock at the election of stockholders. The total amount of cash distributed to all stockholders will be limited to 20% of the total distribution to be paid, excluding any cash paid for fractional shares. The remainder of the distribution (approximately...

Preferred Bank Announces New Chief Risk Officer

Written by Customer Service on May 9, 2025. Posted in Public Companies.

LOS ANGELES, May 09, 2025 (GLOBE NEWSWIRE) — Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has named Nick Pi to the position of Executive Vice President and Chief Risk Officer. Mr. Pi has served as the Bank’s Chief Credit Officer since 2015 and will continue to oversee the credit function. Mr. Pi will now also oversee the BSA and Compliance Departments as well. Li Yu, Chairman and CEO of the Bank said “Nick has been a very strong leader in Credit Administration and we’re excited to have someone with his experience and knowledge taking over the role of Chief Risk Officer. We feel this is an important step in developing our enterprise risk oversight. Please join me in congratulating Nick”. About Preferred Bank Preferred Bank is one of the larger...

ContextLogic Inc. Reports First-Quarter 2025 Financial Results

Written by Customer Service on May 9, 2025. Posted in Earnings Releases And Operating Results.

OAKLAND, Calif., May 09, 2025 (GLOBE NEWSWIRE) — ContextLogic Inc. (Nasdaq: LOGC) (“ContextLogic,” the “Company,” “we” or “our”) today reported its financial results for the quarter ended March 31, 2025. First-Quarter 2025 Financial HighlightsNet Loss: Net loss was $4 million, compared to a net loss of $59 million in the first quarter of fiscal year 2024. As of March 31, 2025, the Company had $64 million in cash and cash equivalents, $158 million in marketable securities and $1 million in prepaid expenses and other current assets primarily made up of restricted cash. The Company had total liabilities of $3 million.ContextLogic will host a financial results conference call at 5pm EDT on May 9th. The live conference call may be accessed by registering here. Company Outlook The first quarter of 2025 marked a pivotal step in the...

Artisan Partners Asset Management Inc. Reports April 2025 Assets Under Management

Written by Customer Service on May 9, 2025. Posted in Public Companies.

MILWAUKEE, May 09, 2025 (GLOBE NEWSWIRE) — Artisan Partners Asset Management Inc. (NYSE: APAM) today reported that its preliminary assets under management (“AUM”) as of April 30, 2025 totaled $164.4 billion. Artisan Funds and Artisan Global Funds accounted for $80.2 billion of total firm AUM, while separate accounts and other AUM1 accounted for $84.2 billion.PRELIMINARY ASSETS UNDER MANAGEMENT BY STRATEGY2 As of April 30, 2025 – ($ Millions) Growth Team Global Opportunities $ 18,847 Global Discovery 1,747 U.S. Mid-Cap Growth 10,196 U.S. Small-Cap Growth 2,688 Franchise 735 Global Equity Team Global Equity 347 Non-U.S. Growth 13,559 China Post-Venture3 113 U.S. Value Team Value Equity 4,784 U.S. Mid-Cap Value 2,454 Value Income 16 International...

Volcon ePowersports Reports Operational Highlights and First Quarter 2025 Financial Results

Written by Customer Service on May 9, 2025. Posted in Earnings Releases And Operating Results.

AUSTIN, Texas, May 09, 2025 (GLOBE NEWSWIRE) — Volcon Inc. (NASDAQ: VLCN) (“Volcon”, the “Company” or “we”), the first all-electric, off-road powersports company, today reported its operational highlights and financial results for the quarter ended March 31, 2025. Company Highlights:● Sold all remaining Grunt EVO motorcycles in Q1● Signed amended and restated golf cart supply agreement with Venom-EV● Evaluating impact of tariffs on products In the first quarter of 2025, Volcon successfully sold all remaining Grunt EVO motorcycles. The company has since received prototypes of a dual-sport motorcycle, which is currently in development. The primary goal is to make it available for sale in the second half of 2025. As of now, reaching this goal is dependent on testing, meeting on-road regulations, manufacturing...

NI Holdings, Inc. Reports Results for First Quarter Ended March 31, 2025

Written by Customer Service on May 9, 2025. Posted in Earnings Releases And Operating Results.

FARGO, N.D., May 09, 2025 (GLOBE NEWSWIRE) — NI Holdings, Inc. (NASDAQ: NODK) announced today results for the quarter ended March 31, 2025. Summary of First Quarter 2025 Results – Continuing Operations(All comparisons vs. continuing operations for the first quarter of 2024, unless noted otherwise)Direct written premiums of $67.7 million compared to $83.0 million. This reduction was driven by Non-Standard Auto (-58.8%) due to strategic decisions to exit Nevada and significantly reduce written premium in the Chicago market to improve profitability, partially offset by Home and Farm (7.1%) driven by higher new business in North Dakota as well as rate and insured value increases. Combined ratio of 94.4% driven by strong performance in Home and Farm and Private Passenger Auto. Net investment income increased 3.0% to $2.8 million,...

Motorsport Games Reports First Quarter 2025 Financial Results

Written by Customer Service on May 9, 2025. Posted in Earnings Releases And Operating Results.

Motorsport Games Reports First Quarter 2025 Financial ResultsFinancial results for Q1 2025 for Motorsport Games (NASDAQ:MSGM) have been published.MIAMI, May 09, 2025 (GLOBE NEWSWIRE) — Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or “the Company”) today reported financial results for its first quarter ended March 31, 2025. The Company has also posted the first quarter 2025 earnings slides highlighting key milestones that occurred during and subsequent to the period, which are accessible on the Company’s investor relations website. “Following our recently announced closing of a $2.5 million private placement, led by virtual reality company Pimax, along with increased revenue from our Le Mans Ultimate racing title, we are confident that the business is showcasing an improved outlook,” commented Stephen Hood,...

Surrozen Reports First Quarter 2025 Financial Results and Provides Business Update

Written by Customer Service on May 9, 2025. Posted in Earnings Releases And Operating Results.

SOUTH SAN FRANCISCO, Calif., May 09, 2025 (GLOBE NEWSWIRE) — Surrozen, Inc. (“Surrozen” or the “Company”) (Nasdaq: SRZN), a biotechnology company pioneering targeted therapeutics that selectively modulate the Wnt pathway for tissue repair and regeneration, with a focus on severe eye diseases, today announced financial results for the first quarter ended March 31, 2025, and provided a business update. Business Highlights Surrozen has pivoted its focus to its ophthalmology pipeline, leveraging its Wnt biology expertise and antibody technologies to develop novel treatments for severe eye diseases, including age-related macular degeneration (AMD) and diabetic retinopathy. The Company discontinued development of SZN-043 for the treatment of severe alcohol-associated hepatitis in the first quarter of 2025 due to insufficient clinical...

Entera Bio Announces First Quarter 2025 Financial Results and Business Updates

Written by Customer Service on May 9, 2025. Posted in Earnings Releases And Operating Results.

JERUSALEM, May 09, 2025 (GLOBE NEWSWIRE) — Entera Bio Ltd. (NASDAQ: ENTX), a leader in the development of oral peptide and protein replacement therapies, today reported financial results and key business updates for the quarter ended March 31, 2025. “During Q1 2025, Entera continued to generate intrinsic value with progress across our programs while significantly extending our cash runway into late 2026 via direct investment from marquis investors and our strategic partner, OPKO Health Inc. (“OPKO”). EB613 early mechanistic effects on both trabecular and cortical bone compartments data using 3D-Shaper software analysis was selected for oral presentation out of 1,680 abstracts submitted to the 2025 World Congress on Osteoporosis, Osteoarthritis and Musculoskeletal Diseases Congress. Subsequent EB613 abstracts have been submitted...

Athira Pharma Reports First Quarter 2025 Financial Results and Pipeline and Business Updates

Written by Customer Service on May 9, 2025. Posted in Earnings Releases And Operating Results.

Completed healthy volunteer Phase 1 clinical study of ATH-1105 as a potential treatment for amyotrophic lateral sclerosis (ALS); full healthy volunteer data expected in 2H25 On-track to enable dosing ALS patients in late 2025 BOTHELL, Wash., May 09, 2025 (GLOBE NEWSWIRE) — Athira Pharma, Inc. (NASDAQ: ATHA), a clinical stage biopharmaceutical company focused on developing small molecules to restore neuronal health and slow neurodegeneration, today reported financial results for the quarter ended March 31, 2025, and provided recent pipeline and business updates. “We continue to focus our efforts on advancing ATH-1105 as a potential therapy for ALS. ATH-1105 has shown encouraging evidence of statistically significant improvements in nerve and motor function and biomarkers of inflammation and neurodegeneration in various preclinical...

Day: May 9, 2025

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