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Day: September 4, 2025

Great Elm Capital Corp. Prices Public Offering of $50 Million of 7.75% Notes Due 2030

PALM BEACH GARDENS, Fla., Sept. 04, 2025 (GLOBE NEWSWIRE) — Great Elm Capital Corp. (the “Company” or “GECC”) (NASDAQ: GECC) announced today the pricing of its underwritten public offering of $50.0 million aggregate principal amount of its 7.75% notes due 2030 (the “Notes”), which will result in net proceeds to the Company of approximately $48.1 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The Notes will mature on December 31, 2030, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after December 31, 2027. The Company has also granted the underwriters a 30-day option to purchase up to an additional $7.5 million aggregate principal amount of Notes to cover over-allotments, if any. The closing of the transaction...

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LGI Homes, Inc. Reports August 2025 Home Closings

THE WOODLANDS, Texas, Sept. 04, 2025 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 372 homes in August 2025, which includes the closing of 14 currently or previously leased single-family rental homes. As of August 31, 2025, the Company had 142 active selling communities. About LGI Homes, Inc. Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America’s fastest growing companies, LGI Homes has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to...

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Transcontinental Inc. Announces Results for the Third Quarter of Fiscal Year 2025

HighlightsRevenues of $684.4 million for the quarter ended July 27, 2025; operating earnings of $57.4 million; and net earnings attributable to shareholders of the Corporation of $38.7 million ($0.46 per share). Adjusted operating earnings before depreciation and amortization(1) of $122.6 million for the quarter ended July 27, 2025; adjusted operating earnings(1) of $85.4 million; and adjusted net earnings attributable to shareholders of the Corporation(1) of $58.9 million ($0.70 per share). Growth in adjusted net earnings attributable to shareholders of the Corporation per share(1) of 16.7%. Acquisitions to accelerate the growth of in-store marketing activities: Middleton Group Inc., based in Ontario, on June 23, 2025, for $4.6 million; and, subsequent to the end of the quarter, Mirazed Inc., based in Quebec, and Intergraphics Decal...

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Cerence AI Files Patent Infringement Suit Against Apple

BURLINGTON, Mass., Sept. 04, 2025 (GLOBE NEWSWIRE) —  Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced the filing of a patent infringement lawsuit against Apple Inc. in the United States District Court for the Western District of Texas. Cerence AI has a long history of innovation, reflected in a portfolio of patents developed over decades of research and development. These patented technologies play a critical role in Cerence’s product portfolio and its work with its customers, including leading global automakers, transportation OEMs, consumer brands, and technology companies. The lawsuit against Apple covers certain Cerence technologies, including text input and recognition, and voice command monitoring, deployed in Apple’s products. “Cerence plans...

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Metalsource announces OTCQB LISTING

VANCOUVER, BRITISH COLUMBIA, Sept. 04, 2025 (GLOBE NEWSWIRE) — METALSOURCE MINING INC. (the “Company” or “Metalsource“) (CSE: “MSM”) is pleased to announce that it has been approved for trading on the OTCQB Venture Market (“OTCQB”) effective September 5, 2025. The shares trade on the OTCQB under trading symbol “SFRIF”. The Company’s shares will continue to trade on the Canadian Securities Exchange (CSE) under the symbol “MSM”. “Trading on the OTCQB gives Metalsource Mining enhanced access to the U.S. capital markets and makes it easier for American investors to participate in our growth story,” said Joseph Cullen, CEO of the Company. This U.S. listing will provide the Company with access to a broader base of U.S. and international retail and institutional investors, ultimately providing investors with increased access...

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Matachewan Announces Corporate Update and Plans for Shareholder Distributions

TORONTO, Sept. 04, 2025 (GLOBE NEWSWIRE) — Matachewan Consolidated Mines, Limited (“Matachewan” or the “Company”) (TSX-V:MCM.A-X) today announces that the Board of Directors of the Company (the “Board”) have determined, after careful consideration of the potential alternatives, that it is in the best interest of the Company and its shareholders to distribute cash and assets to its shareholders and, subsequently, seek strategic alternatives to further maximize shareholder value. Over the past several months, the Company has liquidated a majority of its assets, comprised mostly of liquid securities of other public companies. It currently holds approximately $12,300,000 in cash and certain shares in other public companies (the “Securities Holdings”). It intends to distribute all or a portion of its cash and the Securities Holdings...

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McChip Announces Corporate Update and Plans for Shareholder Distributions

TORONTO, Sept. 04, 2025 (GLOBE NEWSWIRE) — McChip Resources Inc (“McChip” or the “Company”) (TSX-V:MCS-X) today announces that the Board of Directors of the Company (the “Board”) have determined, after careful consideration of the potential alternatives, that it is in the best interest of the Company and its shareholders to distribute cash and assets to its shareholders and, subsequently, seek strategic alternatives to further maximize shareholder value. Over the past several months, the Company has liquidated a majority of its assets, comprised mostly of liquid securities of other public companies. It currently holds approximately $11,200,000 in cash and certain shares in other public companies (the “Securities Holdings”). It intends to distribute all or a portion of its cash and the Securities Holdings to its shareholders by...

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Howard Hughes Communities Reports $1.2 Billion in Sales at Launch of Newest Luxury Residential Towers at Ward Village® Including Discovery Land Company’s Exclusive Residential Offering on O‘ahu

Unprecedented demand continues at Honolulu’s premier community as ‘Ilima Ward Village and Melia Ward Village set new record for condominium sales in Hawai‘iAerial of Ward Village® on O’ahu’s South ShoreAerial of Ward Village® on O’ahu’s South Shore‘Ilima Ward Village Penthouse Unit‘Ilima Ward Village Penthouse Unit‘Ilima Ward Village & Melia Ward Village on South Shore of O’ahu‘Ilima Ward Village & Melia Ward Village on O’ahu’s South ShoreHONOLULU, Sept. 04, 2025 (GLOBE NEWSWIRE) — Howard Hughes Communities, the real estate platform of Howard Hughes Holdings Inc. (NYSE: HHH), today announced unprecedented sales velocity and record-breaking prices at ‘Ilima Ward Village and Melia Ward Village, two new luxury residential towers...

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eGain Announces Fourth Quarter and Fiscal Year 2025 Financial Results and $20 Million Stock Repurchase Program Expansion

SUNNYVALE, Calif., Sept. 04, 2025 (GLOBE NEWSWIRE) — eGain (Nasdaq: EGAN), the AI knowledge management platform for service, today announced financial results for its fiscal 2025 fourth quarter and full fiscal year ended June 30, 2025. “We are pleased to close fiscal 2025 with solid bookings and strong profitability,” said Ashu Roy, eGain’s CEO. “With one of our largest deals ever signed this quarter and healthy demand in the pipeline, we are well-positioned to capture the compelling opportunity in AI CX automation powered by trusted knowledge.” Fiscal 2025 Fourth Quarter Financial HighlightsTotal revenue was $23.2 million, up 11% sequentially and 3% year over year. GAAP net income was $30.9 million, or $1.13 per share on a basic basis and $1.11 per share on a diluted basis, compared to GAAP net income of $1.5 million, or $0.05...

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Backcountry Acquires Velotech Inc.

Backcountry strengthens its cycling category with addition of Velotech cycling portfolio PARK CITY, Utah, Sept. 04, 2025 (GLOBE NEWSWIRE) — Backcountry, the leading premium specialty retailer of outdoor gear and apparel, announced its acquisition of Velotech Inc., the Portland, Oregon based cycling retailer operating BikeTiresDirect, Western Bikeworks, and TriSports. The move strengthens Backcountry’s position in the growing U.S. cycling market and broadens its ability to serve riders nationwide. Velotech has grown into a leading internet retailer for road cycling gear by prioritizing customer service with competitive pricing, same-day shipping, and a commitment to quality products. Repeatedly recognized among the Portland Business Journal’s fastest-growing companies, Velotech serves commuters, triathletes, road cyclists, cyclocross...

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