Day: June 11, 2025
Deal to quadruple auto finance origination capacity and reduce credit application response time to a matter of seconds
IRVING, Texas, June 11, 2025 (GLOBE NEWSWIRE) — Arra Finance, LLC (“Arra” or the “Company”), a subprime indirect auto finance company, today announced that it has entered into a definitive agreement to acquire the auto financing division of Crescent Bank (“Crescent”), a New Orleans-based FDIC insured bank with approximately $1 billion in assets that has provided nationwide indirect auto lending since 1991. The deal accelerates the rapid expansion of Arra’s platform, enhancing its technology stack and analytics capacity well ahead of growth expectations. Crescent will retain its branch and online retail banking platforms, as well as its commercial lending program, and Arra will become the servicer for Crescent’s...
Major Drilling Announces Fourth Quarter and Fiscal Year 2025 Results as Activity Ramps Up
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
MONCTON, New Brunswick, June 11, 2025 (GLOBE NEWSWIRE) — Major Drilling Group International Inc. (“Major Drilling” or the “Company”) (TSX: MDI), a leading provider of specialized drilling services to the mining sector, today reported results for the fourth quarter and fiscal year 2025, ended April 30, 2025.
Fiscal 2025 HighlightsRecorded revenue of $727.6 million compared to $706.7 million in the prior year period.
EBITDA(1) of $101.3 million compared to $120.5 million in the prior year period.
Completed the acquisition of Explomin, increasing the Company’s South American exposure, supplementing increased activity levels in the region.
Invested $72.5 million in capital expenditures in anticipation of elevated levels of activity in fiscal 2026.
Achieved a Total Recordable Incident Frequency Rate (“TRIFR”) of 0.74 for fiscal 2025,...
Andrew Peller Limited Reports Financial Results for Fourth Quarter and Fiscal Year 2025
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
GRIMSBY, Ontario, June 11, 2025 (GLOBE NEWSWIRE) — Andrew Peller Limited (TSX: ADW.A / ADW.B) (“APL” or the “Company”) announced today results for the three and 12 months ended March 31, 2025. All amounts are expressed in Canadian dollars unless otherwise stated.
FISCAL 2025 HIGHLIGHTSRevenue was $389.6 million, up 1.0% from $385.9 million in the prior year;
Gross margin of 42.8%, up from 39.0% in the prior year;
EBITA increased 25.0% to $62.9 million, from $50.3 million in 2024;
Net earnings of $11.1 million ($0.26 per Class A Share), compared to net loss of $2.9 million (loss of $0.07 per Class A Share) in 2024; and
Dividends of $0.246 per Class A Share and $0.214 per Class B Share.FOURTH QUARTER 2025 HIGHLIGHTSRevenue was $75.5 million, compared with revenue of $85.0 million in 2024;
Gross margin of 52.6%, compared with...
Inflection Point Acquisition Corp. III Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing on or about June 16, 2025
Written by Customer Service on . Posted in Public Companies.
NEW YORK, June 11, 2025 (GLOBE NEWSWIRE) — Inflection Point Acquisition Corp. III (Nasdaq: IPCXU) (the “Company”) announced that holders of the units sold in the Company’s initial public offering of 25,300,000 units, which includes 3,300,000 units issued pursuant to the exercise by the underwriters of their overallotment option, completed on April 28, 2025 (the “Offering”) may elect to separately trade the Class A ordinary shares and rights included in the units commencing on or about June 16, 2025. Any units not separated will continue to trade on The Nasdaq Global Market under the symbol “IPCXU”, and each of the Class A ordinary shares and rights will separately trade on The Nasdaq Global Market under the symbols “IPCX” and “IPCXR,” respectively. Holders of units will need to have their brokers contact Continental Stock Transfer...
RadNet Secures $100 Million Incremental Term Loan to Fund Acquisitions and Corporate Initiatives
Written by Customer Service on . Posted in Public Companies.
LOS ANGELES, June 11, 2025 (GLOBE NEWSWIRE) — RadNet, Inc. (NASDAQ: RDNT) (“RadNet”), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services, today announced that it has entered into Incremental Amendment No. 2 (the “Second Amendment”) to its Third Amended and Restated First Lien Credit and Guaranty Agreement, as amended (the “Existing Credit Agreement” and, as amended by the Second Amendment, the “Credit Agreement”).
Pursuant to the Second Amendment, Barclays Bank PLC, as lender, committed to provide RadNet an incremental term loan in the aggregate principal amount of $100.0 million (the “2025 Incremental Term Loan”), which will be added to and form a part of the existing term loan under the Existing Credit Agreement (the “Existing Term Loan,” together with the 2025 Incremental...
Stifel Announces Victor Nesi to Retire as Co-President and Head of Institutional Group; Joins Board of Directors
Written by Customer Service on . Posted in Public Companies.
ST. LOUIS, June 11, 2025 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) today announced that Victor Nesi, Co-President and Head of the Institutional Group, will retire from his day-to-day operating responsibilities effective July 1, 2025, after 16 years of distinguished service. Mr. Nesi will, however, continue to serve the firm, simultaneously joining its Board of Directors.
“Victor has been instrumental in building the platform we have today,” said Ronald J. Kruszewski, Chairman and CEO of Stifel. “The transformation of our Institutional Group under his guidance is one of the great success stories in our firm’s history. His strategic vision, leadership, and relentless focus on client service elevated Stifel into a major player in the investment banking world. On a personal level, I am grateful for Victor’s partnership and...
CEA Industries Posts Updated Investor Presentation
Written by Customer Service on . Posted in Public Companies.
Conference Call Scheduled for Today, June 11, 2025 at 4:30pm ET
CEA Industries to Provide Business Update and Discuss Strategic Implications of Fat Panda Acquisition
Louisville, Colorado, June 11, 2025 (GLOBE NEWSWIRE) — CEA Industries Inc. (NASDAQ: CEAD, CEADW) (“CEA Industries” or the “Company”), today announced that it has published an updated investor presentation, now available on the Investor Relations section of its website. Management will host a live conference call today, June 11, 2025, at 4:30pm ET to outline the Company’s new strategic priorities, including the recent acquisition of Fat Panda and the go-forward strategy to accelerate growth and enhance shareholder value.
To access the conference call, please use the following information:Dial-in: 1-973-528-0008
Access Code: 891969
Webcast URL: https://www.webcaster4.com/Webcast/Page/2893/52597CEA...
Aduro Clean Technologies Announces Closing of US$8 Million Underwritten Public Offering
Written by Customer Service on . Posted in Public Companies.
LONDON, Ontario, June 11, 2025 (GLOBE NEWSWIRE) — Aduro Clean Technologies Inc. (“Aduro” or the “Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower-value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, today announced the closing of its underwritten U.S. public offering (the “Offering”) of 947,868 common shares, together with accompanying warrants to purchase 473,934 common shares. The combined public offering price per common share and accompanying half warrant was US$8.44. The Company received gross proceeds of approximately US$8 million, before deducting underwriting discounts and offering expenses. The common shares were sold in combination with an accompanying half warrant (with each whole warrant...
Alvotech’s Private Placement Completed with Delivery of SDRs and Shares to Investors
Written by Customer Service on . Posted in Public Companies.
Alvotech (NASDAQ: ALVO, ALVO-SDB, the “Company”), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced the completion of a private placement that was carried out on June 4, 2025, directed to Swedish and international institutional investors. About 40 institutional investors participated in the placement. About 60% of the demand came from institutional investors based in Sweden, Norway or the UK, and about 30% from US-based funds. Over 80% of the shares and Swedish Depositary Receipts (SDRs) allocated in the placement, were sold to investors that were not previously shareholders in Alvotech.
“I’m delighted to welcome a broad group of new shareholders that are ready to join Alvotech on its exciting journey to lead the biosimilars industry, with extensive...
Alvotech’s Private Placement Completed with Delivery of SDRs and Shares to Investors
Written by Customer Service on . Posted in Public Companies.
Alvotech (NASDAQ: ALVO, ALVO-SDB, the “Company”), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced the completion of a private placement that was carried out on June 4, 2025, directed to Swedish and international institutional investors. About 40 institutional investors participated in the placement. About 60% of the demand came from institutional investors based in Sweden, Norway or the UK, and about 30% from US-based funds. Over 80% of the shares and Swedish Depositary Receipts (SDRs) allocated in the placement, were sold to investors that were not previously shareholders in Alvotech.
“I’m delighted to welcome a broad group of new shareholders that are ready to join Alvotech on its exciting journey to lead the biosimilars industry, with extensive...