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Day: July 17, 2025

Farmers & Merchants Bancorp (FMCB) Reports Record Second Quarter 2025 Earnings

Second Quarter 2025 HighlightsNet income of $23.1 million, an increase of $1.3 million or 5.9% compared to the second quarter of 2024; Basic earnings per share of $33.06 and diluted earnings per share of $32.94; diluted earnings per share up 12.1% compared to the second quarter of 2024; Diluted earnings per share of $126.87 over the trailing twelve months, up 7.8% compared to $117.73 over the same trailing period a year ago and 15.2% compared to $110.10 for the same period two years ago; Tangible book value per share increased 9.7% to $835.33 compared to $761.62 as of June 30, 2024; Achieved a return on average assets of 1.65% and a return on average equity of 15.09%; Net interest income of $53.9 million, up $3.1 million or 6.1% compared to $50.8 million in the second quarter of 2024; net interest margin (tax equivalent basis) of 4.07%,...

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SPAR Group, Inc. Reports First Quarter 2025 Results

Strong Initial Quarter Without International Joint Ventures AUBURN HILLS, Mich., July 17, 2025 (GLOBE NEWSWIRE) — SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR,” “SPAR Group” or the “Company”), a leading provider of merchandising, marketing, and distribution services today reported financial and operating results for the three months ended March 31, 2025. Mike Matacunas, the Company’s President and Chief Executive Officer, commented, “This is the first quarter we are reporting without any international joint ventures. Our U.S. and Canada business achieved 6% topline growth, improved operating margins, and reduced SG&A, resulting in $0.5 million net income from continuing operations or $0.02 EPS. In addition, through our focus on the U.S. and Canada, we have the largest pipeline of opportunity in SPAR’s history, with more than $200...

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Toro Corp. Reports Net Income of $1.6 Million for the Three Months Ended March 31, 2025

LIMASSOL, Cyprus, July 17, 2025 (GLOBE NEWSWIRE) — Toro Corp. (NASDAQ: TORO), (“Toro”, or the “Company”), a global energy transportation provider, today announced its results for the three months ended March 31, 2025. Highlights of the First Quarter Ended March 31, 2025:Total vessel revenues from continuing operations: $5.5 million, as compared to $6.4 million for the three months ended March 31, 2024, or a 14.1% decrease; Net income from continuing operations: $1.5 million, as compared to $2.4 million for the three months ended March 31, 2024, or a 37.5% decrease; Net income: $1.6 million, as compared to $22.1 million for the three months ended March 31, 2024, or a 92.8% decrease; Earnings/(Loss) per common share, basic, from continuing operations: $0.019 per share, as compared to $(0.005) per share for the three months ended...

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Allied Energy Corporation (OTC: AGYP) Signs Strategic MOU with Green Rain Energy Holdings (OTC: GREH) to Convert Stranded Gas into Power for Texas-Based EV Charging Infrastructure

Allied Energy Corporation (OTC: AGYP) has signed a strategic Memorandum of Understanding (MOU) with Green Rain Energy Holdings Inc. (OTC: GREH) to supply natural gas for powering EV charging stations across Texas, transforming stranded and underutilized gas resources into sustainable energy for high-speed electric vehicle infrastructure. This partnership positions AGYP at the forefront of Texas’s energy transition, leveraging the state’s leadership in oil and gas production alongside over $400 million in NEVI funding to address grid constraints and support the projected 1 million EVs on Texas roads by 2030 through off-grid, localized power generation. By converting natural gas into power for Level 3 DC fast chargers along key corridors like I-35 and I-10, AGYP aims to generate recurring revenue in the $120B+ EV charging market,...

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Tevogen Signs Letter of Intent for New In-House Cell Therapy Manufacturing Facility

WARREN, N.J., July 17, 2025 (GLOBE NEWSWIRE) — Tevogen (“Tevogen Bio Holdings Inc.” or “Company”) (Nasdaq: TVGN) today announced the signing of a letter of intent to lease a 17,428-square-foot facility in New Jersey. The facility, formerly occupied by Pfizer and Cordis, a previous division of Johnson & Johnson, should support the Company’s cell therapy manufacturing operations. This state-of-the-art facility aligns with Tevogen’s strategic goals of accelerating clinical development while maintaining cost efficiency and scalability. The facility’s intended use will be for GMP cell therapy manufacturing and complement Tevogen’s anticipated growing pipeline powered by PredicTcell™, the company’s proprietary AI-driven target discovery platform. The lease term is expected to be greater than five years and the Company expects...

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Bit Origin Secures $500 Million Equity and Debt Facilities to Launch Dogecoin Treasury

-Much Doge. Such Utility. Very Treasury.- -First publicly listed company on major US exchange to accumulate Dogecoin as core asset- SINGAPORE, July 17, 2025 (GLOBE NEWSWIRE) — Bit Origin Ltd (NASDAQ: BTOG) (“Bit Origin” or the “Company”), today announced that it has entered into agreements with accredited investors for the sale of up to $400 million in Class A ordinary shares and up to $100 million in convertible debt to launch the Company’s Dogecoin (“Doge”) treasury strategy.Bit Origin expects to become one of the largest publicly traded Doge holders Strategy aims to deliver long-term value through increasing Doge-per-share Reflects Company’s hope in potential Doge integrations into payment layers, such as X Money“Bit Origin is evolving beyond mining infrastructure to engage directly in the value and...

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ONAR Signs Definitive Agreement to Acquire AI-Powered Marketing Intelligence Platform Retina.ai, Trusted by Unilever, Dollar Shave Club & More

Miami, FL, July 17, 2025 (GLOBE NEWSWIRE) — ONAR Holding Corporation (OTCQB: ONAR), a fast-growing marketing-technology company and network of performance-driven agencies, today announced it has signed a definitive agreement to acquire Retina.ai, an AI-powered marketing intelligence platform that predicts customer value early in the lifecycle and unlocks higher return on every marketing dollar. ONAR plans to merge Retina.ai with its predictive analytics platform, Cortex, which is part of its ONAR Labs venture studio. The merger of Retina.ai’s platform with Cortex’s machine learning engine will enable ONAR’s agencies to give brands real-time visibility into which customers will become their most profitable — before the first campaign dollar is spent. The Retina.ai platform is already relied on by leading consumer names including...

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Creative Medical Technology Holdings Receives Notice of Allowance for the Prevention and/or Treatment of Type 1 Diabetes Using Modulated Immune Cells

PHOENIX, July 17, 2025 (GLOBE NEWSWIRE) — Creative Medical Technology Holdings, Inc. (NASDAQ: CELZ) (“Creative Medical” or the “Company”), a clinical-stage biotechnology company specializing in regenerative medicine, today announced that it has received a Notice of Allowance from the United States Patent and Trademark Office (USPTO) for a U.S. patent application titled, “Prevention and/or Treatment of Type 1 Diabetes by Augmentation of Myeloid Suppressor Cell Activity.”   Once granted, the patent will be in effect until at least 2040. The patent allows a broad cell-based immunotherapy approach to treating Type 1 diabetes using the ImmCelzTM product, which includes the supercharged T regulatory cells using the Company’s proprietary cell-free solutions. This program has been validated using cells from patients with Type 1 Diabetes. Type...

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Globavend Holdings Limited Announces 1-for-200 Reverse Stock Split

PERTH, AUSTRALIA, July 17, 2025 (GLOBE NEWSWIRE) — Globavend Holdings Limited (“Globavend” or the “Company”) (NASDAQ: GVH), an emerging e-commerce logistics provider, today announced that it intends to effect a 1-for-200 reverse stock split of the Company’s ordinary shares (the “Reverse Stock Split”). The Company anticipates that the ordinary shares will begin trading on the Nasdaq Capital Market on a post-Reverse Stock Split basis upon the opening of the market on July 21, 2025 (the “Effective Date”). A majority of the shareholders of the Company approved the reverse stock split at an extraordinary general meeting of shareholders held on April 28, 2025, with the Board of Directors subsequently approving the 1-for-200 ratio. On the Effective Date, the Reverse Stock Split will reduce the number of outstanding shares of the Company...

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Fusion Fuel’s BrightHy Solutions and Houpu Global Clean Energy Sign Strategic Agency Agreement to Expand Hydrogen Infrastructure in Europe and Latin America

DUBLIN, July 17, 2025 (GLOBE NEWSWIRE) — via IBN — Fusion Fuel Green PLC´s (NASDAQ: HTOO) (“Fusion Fuel” or the “Company”) hydrogen advisory and solutions subsidiary, Bright Hydrogen Solutions Ltd (“BrightHy Solutions”), has signed an agency agreement with Houpu Global Clean Energy Co., Ltd. (“Houpu Global Clean Energy”), a leading Chinese manufacturer of hydrogen refueling equipment and clean energy technologies. The commercial relationship represents a key milestone in Fusion Fuel’s strategy to expand the deployment of advanced hydrogen refueling infrastructure and integrated hydrogen systems across Iberia and Latin America. Under this agreement, BrightHy Solutions will act as Houpu Global Clean Energy’s authorized agent for its hydrogen product portfolio within the territory, leveraging BrightHy Solutions’ deep market...

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