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Month: June 2025

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

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...

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

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,...

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

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...

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

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...

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

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...

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Publicis Groupe SA successfully prices EUR 1.25 billion of bond issue

Not for distribution nor publication directly or indirectly in the United States, Canada, Australia or Japan Publicis Groupe SA successfully prices EUR 1.25 billion of bond issue Paris – June 4, 2025 – Publicis Groupe SA [Euronext Paris FR0000130577, CAC 40] announces that it has successfully priced its offering of EUR 1.25 billion of notes across two tranches with maturities of four and seven years, respectively (the “Notes”).€ 600 million, due June 2029, bearing a fixed interest at an annual rate of 2.875%€ 650 million, due June 2032, bearing a fixed interest at an annual rate of 3.375%The Notes are being issued under Publicis Groupe SA’s Euro Medium Term Note Program dated May 16, 2025. Publicis Groupe SA intends to use the net proceeds from the offering for general corporate purposes. The transaction has been led by BNP...

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Almadex Acquires Ruby Hill Silver-Gold Exploration Project by Staking, Surface Sampling returns 992 g/t Silver

VANCOUVER, British Columbia, June 04, 2025 (GLOBE NEWSWIRE) — Almadex Minerals Ltd. (“Almadex” or the “Company”) (TSX-V: “DEX”) is pleased to announce that it has acquired a 100% interest in the Ruby Hill early-stage exploration project by staking. The project is located in central Nevada and was identified as part of Almadex’s ongoing regional exploration program in the western USA. The Ruby Hill epithermal gold-silver project covers a large area of argillic alteration and silicification hosted in rhyolite volcanics. Zones of silicification and clay alteration have been identified within which outcrops hosting quartz veinlets occur. Limited outcrop make it difficult to map any potential widths or orientation to the zone of veining and the sporadic outcrops of veined rock occur over a broad area. Some historic...

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Spirit Blockchain Capital Announces Shares for Services Transaction

Not for dissemination in the United States or for distribution to U.S. wire services Vancouver, June 04, 2025 (GLOBE NEWSWIRE) — Spirit Blockchain Capital (“SBC” or the “Company”) (CSE: SPIR), is pleased to announce that it seeks to settle an aggregate of $50,000 owing to an arm’s length consultant of the Company for services rendered pursuant to an advisory agreement (the “Settlement”) by the issuance of an aggregate of ‎810,417 common shares in the capital of the Company (each a “Common Share”) . An aggregate of 291,667 Common Shares will be issued at a deemed price of $0.06 per Common Share, 218,750 Common Shares will be issued at a deemed price of $0.08 per Common Share and 300,000 Common Shares will be issued at adeemed price of $0.05 per Common Share. The Common Shares will be subject to a hold period expiring four months...

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Federal Life Insurance Company Announces Acquisition of Texas Service Life Insurance Company, Signaling a New Era in Preneed Insurance

AUSTIN, Texas, June 04, 2025 (GLOBE NEWSWIRE) —  Federal Life Insurance Company has completed the acquisition of Texas Service Life Insurance Company, a leader in preneed insurance, marking a bold step forward for the industry. This strategic move underscores Federal Life’s commitment to expanding growth pathways and forward-thinking solutions that empower families to plan with confidence. With an A- (Excellent) rating from AM Best, and backed by leading investment firm, Bain Capital, Federal Life is in a strong financial position to collaboratively build a new future for preneed insurance. “This is more than an acquisition, it’s a signal to the market that preneed is an essential product for families and we believe the market is underserved,” said Knut Olson, CEO of Federal Life with over 20 years of experience in...

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Virtus Diversified REIT Announces Acquisition in Sudbury

TORONTO, June 04, 2025 (GLOBE NEWSWIRE) — Virtus Capital Corporation, the asset manager of Virtus Diversified REIT (VREIT) is pleased to announce the acquisition of Nickel District Apartments, a 114-unit apartment building located in Sudbury, Ontario. This strategic move significantly enhances the multi-family residential segment of the REIT’s portfolio and reinforces its commitment to quality diversified real estate investments. Nickel District Apartments, at 323 Second Avenue, is a wide walk-up style building offering a diverse mix of units to cater to various tenant needs. The property features 1 bachelor unit, 22 one-bedroom apartments, 87 two-bedroom units, and 4 three-bedroom suites. “We are thrilled to add Nickel District Apartments to our growing portfolio,” said Aurelio Baglione, CEO of Virtus. “This...

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