Day: May 16, 2025
LONGUEUIL, Québec, May 16, 2025 (GLOBE NEWSWIRE) — Azimut Exploration Inc. (“Azimut” or the “Company”) (TSXV: AZM) (OTCQX: AZMTF) is pleased to report that on May 16, 2025, it has closed its previously announced non-brokered placement with Centerra Gold Inc. (“Centerra”) (TSX: CG) (NYSE: CGAU) (see press release of April 28, 2025) and has issued 9,935,000 common shares to Centerra for gross proceeds of $5,961,000.
Azimut is also pleased to report that on May 16, 2025, it closed a concurrent non-brokered private placement with the following entities, for additional gross proceeds of $2,751,400:Agnico Eagle Mines Limited (“Agnico Eagle”) (TSX: AEM) (NYSE: AEM) and CDPQ Sodémex Inc. (a wholly-owned subsidiary of Caisse de dépôt et placement du Québec (“CDPQ”)), exercised their respective contractual rights to participate in certain...
Titan Machinery Completes Acquisition of Farmers Implement & Irrigation
Written by Customer Service on . Posted in Mergers And Acquisitions.
WEST FARGO, N.D., May 16, 2025 (GLOBE NEWSWIRE) — Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, today announced that it has completed the acquisition of the dealership assets of Farmers Implement & Irrigation, a two-store New Holland dealership in Brookings and Watertown, South Dakota. The transaction closed on May 15, 2025. For the full calendar year 2024, Farmers Implement & Irrigation generated revenue of approximately $20 million.
Bryan Knutson, Titan Machinery Chief Executive Officer, commented, “This acquisition aligns with our strategic growth initiatives and allows us to expand our New Holland presence in the productive eastern South Dakota region. We are honored to build upon the strong foundation that David Gullickson and his family established...
Mr. George J. Coates and son Gregory G. Coates, majority owners of Advanced Hydrogen Power, Ltd. and Coates International Ltd. have signed a contractual agreement on April 2, 2025 to sell both companies for $400,000,000 USD
Written by Customer Service on . Posted in Public Companies.
Wall Township, NJ, May 16, 2025 (GLOBE NEWSWIRE) — The majority owners Mr. George J. Coates, CEO and son Gregory G. Coates, VP of Advanced Hydrogen Power, Ltd. and Coates International Ltd. have signed a corporation’s business sale contractual agreement to sell their two companies and all technologies and patents for $400,000,000 USD. The buyer is a private bank, not disclosed. George and Gregory are to stay with the companies and set up manufacturing operations.
The agreement dispersal $300,000,000 to sellers, $75,000,000 to companies for working capital and expansion, and $25,000,000 broker fees. More news coming soon. Please contact us at www.coatesengine.com, info@coatesengine.com, or (732) 449-7717 for more information.
Banco Santander Chile launches new initiatives at commercial strategy event, Santander Day
Written by Customer Service on . Posted in Public Companies.
SANTIAGO, Chile, May 16, 2025 (GLOBE NEWSWIRE) — Yesterday Banco Santander Chile (“Santander Chile” or the “Company”) (NYSE: BSAC; SSE: Bsantander) held a new edition of its traditional Santander Day event, with the launch of commercial products and initiatives related to our community and reaffirming its commitment to being present in every moment of people’s and businesses’ lives, and consolidating its identity as a global, accessible, and inclusive bank throughout Chile. There was no discussion of financial results or expectations in this event.
Three years after the first Santander Day, this event has become a space to share concrete progress that reflects the Bank’s purpose: to help people and businesses prosper. This has been, in the words of its general manager and country head, Román Blanco, the strategic...
Alvotech Announces the Outcome of the Offering in Connection with the Company’s Listing on Nasdaq Stockholm
Written by Customer Service on . Posted in Public Companies.
Not to be released, published, distributed or circulated in any jurisdiction in which it would be unlawful to do so. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities.
REYKJAVIK, ICELAND AND STOCKHOLM, SWEDEN (May 16, 2025) — Alvotech (NASDAQ: ALVO, the “Company”), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announces the outcome of the offering of Swedish Depository Receipts (“SDRs”), equity share equivalents, in connection with the Company’s listing on Nasdaq Stockholm (the “Offering”). The Offering attracted strong interest from the general public in Sweden and was multiple times oversubscribed. This will result in more than 3,000 new shareholders for Alvotech....
Embassy Bancorp, Inc. Announces Results of Operations as of and for the Three Months Ended March 31, 2025
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
BETHLEHEM, Pa., May 16, 2025 (GLOBE NEWSWIRE) — On May 14, 2025, Embassy Bancorp, Inc. (OTCQX: EMYB) (the “Company”) filed its Quarterly Report on Form 10-Q for the period ended March 31, 2025, a copy of which can be found at https://investors.embassybank.com/sec-filings/documents/default.aspx.
Highlights of the filing, which includes consolidated financial information of the Company and Embassy Bank For the Lehigh Valley (the “Bank”), the Company’s wholly-owned subsidiary, include:Cash and cash equivalents on hand of $97.9 million at March 31, 2025, or 5.6% of total assets.
Deposits of $1.61 billion at March 31, 2025, an increase of $59.0 million from $1.55 billion at December 31, 2024. The Company does not have any brokered deposits.
Short term borrowings of $15.6 million at December 31, 2024 were repaid in full on January...
Bessor Announces $125,000 Private Placement Financing and Provides Corporate Update
Written by Customer Service on . Posted in Public Companies.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, BC, May 16, 2025 (GLOBE NEWSWIRE) — Bessor Minerals Inc. (TSXV:BST) (“Bessor” or the “Corporation”) is pleased to announce that it intends to complete a non-brokered private placement offering of up to 6,250,000 common shares in the capital of Bessor (the “Offered Shares”) at a price of $0.02 per Offered Share, for gross proceeds of up to $125,000 (the “Private Placement”). Bessor intends to complete the Private Placement using available prospectus exemptions under securities laws, including the accredited investor exemption and the close friends, family and business associates exemption. Any investors interested in participating in the Private Placement should contact Bessor pursuant to the contact information...
Marbanc International to Acquire Cars.net Automotive Research Platform
Written by Customer Service on . Posted in Mergers And Acquisitions.
NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) — New York Global investment firm Marbanc International has entered into a 30-day exclusive due diligence period to acquire automotive research platform Cars.net.
Cars.net was launched in 2021 and helps consumers obtain the best prices for new vehicles whilst simultaneously introducing qualified buyers to automotive dealerships across the United States.
The proposed acquisition includes the software, database, intellectual property and coveted Cars.net domain name.
Marbanc International plans to expand Cars.net globally via joint venture partners in the automotive industry, with a focus in United States, United Kingdom and Australia. The group has already forged relationships with experienced automotive industry professionals who have expressed interest in formalizing commercial arrangements...
Nasdaq Resumes Trading in Damon Inc.
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NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) — The Nasdaq Stock Market® (Nasdaq: NDAQ) announced that trading will resume in Damon Inc. (Nasdaq: DMN) at 9:00 a.m. Eastern Time on May 19, 2025. Trading in the company’s stock was halted on April 29, 2025 at 2:01:07 p.m. Eastern Time.
For news and additional information about the company, please contact the company directly or check under the company’s symbol using InfoQuotesSM on the Nasdaq® Web site.
For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com.
NDAQO
Nasdaq Media Contact:Sophia WeissSophia.Weiss@nasdaq.com
EVS Q1 2025 business update
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EVS Q1 2025 business update
Despite increasing economic uncertainty, EVS remains cautiously optimistic for 2025Liège, Belgium | May 16, 2025We begin the year 2025 reporting a first quarter slightly below our expectations, primarily due to the deferral of certain customer deliveries from March to April. This timing-related impact does not alter the underlying business momentum. Customer demand remains robust across all regions, providing continued confidence in our full-year guidance. We remain cautiously optimistic about achieving our 2025 revenue objectives though, given the macro-economic tensions, the tariff discussions and the weakening dollar.
HighlightsOur underlying metrics support growth in revenue for 1H25 and we remain confident for our full year performance. Revenue achievement for 1Q25 was impacted by some customers...