Day: June 4, 2025

Xcel Brands, Inc. Announces First Quarter 2025 Financial Results, Shows Continued Improvements in Operating Results as a Result of Its “Project Fundamentals” Restructuring Program

Written by Customer Service on June 4, 2025. Posted in Earnings Releases And Operating Results.

First quarter 2025 net loss of $2.8 million, representing a 56% improvement from the prior year quarter net loss of $6.3 million. Net loss on a non-GAAP basis was $1.4 million for the first quarter 2025, representing a 24% improvement from the first quarter of 2024 non-GAAP net loss of $1.8 million. Adjusted EBITDA for the first quarter 2025 was negative $0.7 million, compared with Adjusted EBITDA of negative $1.6 million for the first quarter 2024, representing a 56% improvement.NEW YORK, June 04, 2025 (GLOBE NEWSWIRE) — Xcel Brands, Inc. (NASDAQ: XELB) (“Xcel” or the “Company”), a media and consumer products company with significant expertise in livestream shopping and social commerce, today announced its financial results for the quarter ended March 31, 2025. Robert W. D’Loren, Chairman and Chief Executive Officer of...

Greif Reports Fiscal Second Quarter 2025 Results

Written by Customer Service on June 4, 2025. Posted in Earnings Releases And Operating Results.

DELAWARE, Ohio, June 04, 2025 (GLOBE NEWSWIRE) — Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced fiscal second quarter 2025 results. Fiscal Second Quarter 2025 Financial Highlights: (all results compared to the second quarter of 2024 unless otherwise noted)Net income increased 6.5% to $47.3 million or $0.82 per diluted Class A share compared to net income of $44.4 million or $0.77 per diluted Class A share. Net income, excluding the impact of adjustments(1), increased 42.8% to $68.7 million or $1.19 per diluted Class A share compared to net income, excluding the impact of adjustments, of $48.1 million or $0.83 per diluted Class A share. Adjusted EBITDA(2) increased 26.0% to $213.9 million compared to Adjusted EBITDA of $169.7 million. Net cash provided by operating...

RadNet, Inc. Acquires See-Mode Technologies for Innovation in AI-Powered Ultrasound Diagnostics

Written by Customer Service on June 4, 2025. Posted in Mergers And Acquisitions.

See-Mode’s commercially available AI-powered ultrasound detection, characterization, and reporting solutions for thyroid and breast will be integrated into RadNet’s DeepHealth population health solutions Real-world deployment of See-Mode’s FDA-approved thyroid ultrasound solution at RadNet imaging centers demonstrates improved workflow efficiency and enhanced diagnostic accuracy The acquisition positions RadNet at the forefront of AI innovation in ultrasoundLOS ANGELES, June 04, 2025 (GLOBE NEWSWIRE) — RadNet, Inc. (NASDAQ: RDNT) (“RadNet”), a national leader in providing high-quality, cost-effective diagnostic imaging services and digital health solutions through its wholly-owned subsidiary DeepHealth, announced today that it has completed the acquisition of See-Mode Technologies PTE LTD (“See-Mode”), a global...

Five Below, Inc. Announces First Quarter Fiscal 2025 Financial Results

Written by Customer Service on June 4, 2025. Posted in Earnings Releases And Operating Results.

Q1 Net Sales Increase of 19.5% to $970.5 million; Comparable Sales Increase of 7.1% Q1 GAAP Diluted EPS of $0.75, Q1 Adjusted Diluted EPS of $0.86 Increases Full Year 2025 Sales Guidance; Raises Low End of EPS Guidance Range Announces CFO Transition PHILADELPHIA, PA, June 04, 2025 (GLOBE NEWSWIRE) — Five Below, Inc. (NASDAQ: FIVE) today announced financial results for the first quarter ended May 3, 2025. For the first quarter ended May 3, 2025:Net sales increased by 19.5% to $970.5 million from $811.9 million in the first quarter of fiscal 2024; comparable sales increased by 7.1%. The Company opened 55 new stores and ended the quarter with 1,826 stores in 44 states. This represents an increase in stores of 13.8% from the end of the first quarter of fiscal 2024. Operating income was $50.8 million compared to $36.2 million in the...

ALPHAMIN ADVISED OF AGREEMENT BY MAJOR SHAREHOLDER FOR SALE OF MAJORITY INTEREST IN THE COMPANY

Written by Customer Service on June 4, 2025. Posted in Public Companies.

GRAND BAIE, MAURITIUS, June 04, 2025 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) (the “Company”) announced today that it has been advised by its 57% majority shareholder, Tremont Master Holdings (“TMH”), that Tremont has entered into a definitive agreement for the sale of 718,990,967 common shares of the Company, representing approximately 56% of the outstanding common shares, to AbuDhabi-based International Resource Holding (“IRH”) at a price of C$0.70 share, or C$503,293,677 (US$367,001,749) in the aggregate, and subject to certain completion adjustments that may decrease the total consideration. Details of the proposed transaction are contained in a joint news release issued by TMH and IRH dated June 3, 2025 (the “News Release”).As disclosed in the News Release, IRH is an Abu Dhabi-based global mining...

Abacus Global Management Responds to False Short Report – Revenues Consistent with 20-Year Track Record

Written by Customer Service on June 4, 2025. Posted in Public Companies.

ORLANDO, Fla., June 04, 2025 (GLOBE NEWSWIRE) — Abacus Global Management, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leader in the alternative asset management space, today provided the following response to a false and misleading short attack. Abacus has been buying and selling life insurance policies for over two decades with long-standing and trusted counter-party relationships. If Abacus used flawed data causing over-valuation of the underlying insurance product assets, the Company would be going out of business, not consistently producing positive realized returns. As highlighted in the first quarter 10-Q Abacus filed on May 8, 2025, Abacus realized gains of nearly 40% while deploying capital of 126 million. These realized gains were within a margin of error of 2% of the mark from the prior quarter. “Our returns...

Tallinn District Court decision in the criminal case related to the former board members of Tallinna Sadam

Written by Customer Service on June 4, 2025. Posted in Public Companies.

In June 2024 Harju County Court terminated the criminal proceedings towards former member of the management board of AS Tallinna Sadam (hereinafter: “Tallinna Sadam”) Ain Kaljurand, Allan Kiil and other defendants due to expiration of the limitation period for the criminal case, released the properties from seizure and partially ordered procedure expenses. The county court agreed that the defendants had participated in corrupt agreements but considered them to be cases of private sector corruption, in which the statute of limitations for the offenses is shorter compared to the situation of taking a bribe by an official person. The termination of the criminal proceedings resulted in the non-examination of the civil claim of the victims, Tallinna Sadam and TS Laevad OÜ. Tallinna Sadam and OÜ TS Laevad, as parties to the legal proceedings,...

Increase in the price of the public buyout Offer followed by a squeeze-out on Believe’s shares filed by Upbeat BidCo.

Written by Customer Service on June 4, 2025. Posted in Mergers And Acquisitions.

Increase in the price of the public buyout Offer followed by a squeeze-out on Believe’s shares filed by Upbeat BidCo. Favorable reasoned opinion of Believe’s Board of Directors on the proposed Offer, based on the recommendation of its Ad Hoc Committee and the report of the independent expert.Upbeat BidCo has decided to increase the price of its Offer to 17.20 euros per share, reflecting premiums of +12.6%, +13.1%, +17.5% and +17.6% respectively compared to the volume-weighted average prices over the last 30, 60, 120 and 180 days as of June 2, 2025. The independent expert concluded in its report that the Offer price of 17.20 euros per share at the increased price is fair to the shareholders. The Ad Hoc Committee unanimously issued a positive recommendation for the Offer at the increased price, considering that it is in the interests...

RYTHM Premium Cannabis Brings Back The Miracle in Mundelein for a Third Year with Legal On-Site Cannabis Consumption and a Star-Studded Lineup

Written by Customer Service on June 4, 2025. Posted in Public Companies.

Damian “Jr. Gong” Marley, De La Soul, Umphrey’s McGee, Dark Star Orchestra and more are scheduled to headline the two-day event General admission and VIP ticket sales will be available on Friday, June 6 at 12:00 pm CST at www.themiracleconcert.com The event is strictly for individuals aged 21+, with cannabis purchase available in-store at RISE Dispensary Mundelein and hemp-derived THC products and beverages for sale on festival groundsCHICAGO and VANCOUVER, British Columbia, June 04, 2025 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries and RYTHM Premium Cannabis, today announced the return of The Miracle in Mundelein, a first-of-its-kind cannabis and music festival...

Launch of a capital increase with preferential subscription rights for nearly 5 million euros

Written by Customer Service on June 4, 2025. Posted in Public Companies.

Press release Launch of a capital increase with preferential subscription rights for nearly 5 million eurosIssuance of new shares for an initial total amount of around €5.0 million, with shareholders maintaining their preferential subscription rights (DPS), which may be increased to around €5.7 million if the extension clause is exercised (the “Offer”). Intentions and commitment to subscribe by existing shareholders and Vatel Capital, as a new institutional investor, for a total amount of approximately 3.7M€, already representing 76,4% of the transaction. Subscription price for the new shares set at €1.40, representing a 22.6% discount to the closing price of the CROSSJECT share on June 3, 2025 (€1.808) and a 21.3% discount to the theoretical value of the CROSSJECT share ex-rights. Subscription period from June 12, 2025 to June 20, 2025...

Day: June 4, 2025

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