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Day: September 12, 2025

ECD Automotive Design Announces 1-for-40 Reverse Stock Split

KISSIMMEE, Fla., Sept. 12, 2025 (GLOBE NEWSWIRE) — ECD Automotive Design, Inc. (NASDAQ: ECDA), the (“ECD” or the “Company”), the world’s largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers, Jaguar E-Types, Ford Mustangs and Toyota FJs, announced that it will implement a 1-for-40 reverse stock split of its issued and outstanding common stock (“Reverse Stock Split”), effective at market opening time on September 18, 2025. ECD common stock will remain on the Nasdaq Capital Market and begin trading on a split-adjusted basis on September 18, 2025, when the markets open, under the Company’s existing trading symbol “ECDA,” with the new CUSIP number 27877D104. The Reverse Stock Split was previously approved by stockholders at the Company’s annual meeting...

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HII’s Ingalls Shipbuilding Hosts Annual Community Partner Workshop, Strengthening Gulf Coast Partnerships

PASCAGOULA, Miss., Sept. 12, 2025 (GLOBE NEWSWIRE) — HII’s (NYSE:HII) Ingalls Shipbuilding division welcomed nonprofit leaders from across the Gulf Coast today for its third annual Community Partner Workshop, an event designed to foster collaboration between industry and nonprofits, share best practices and strengthen community relationships. “We see tremendous value in connecting with the organizations that support our Ingalls shipbuilders and their families, from education and workforce programs to health and wellness services,” said Lisa Bradley, stakeholder engagement manager at Ingalls Shipbuilding. “Events like this help us make meaningful investments to strengthen the communities where our shipbuilders live and ensure they have the resources they need to thrive.” More than 50 nonprofit organizations participated in the event,...

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Ring Energy Announces Departure of Chief Financial Officer and Transition Plan

THE WOODLANDS, Texas, Sept. 12, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today announced that its Chief Financial Officer, Travis T. Thomas, has resigned effective immediately to pursue other opportunities. Mr. Thomas’ resignation was not a result of any disagreement between the Company and Mr. Thomas on any financial or other matter related to the operations, policies, or practices of the Company. Rocky Kwon, the Company’s Vice President of Accounting, Controller and Assistant Treasurer, has been appointed Interim Chief Financial Officer while the Company conducts a search for a new Chief Financial Officer. Mr. Kwon, an experienced financial leader, has been with Ring since 2021.  He is a Certified Public Accountant and Chartered Global Management Accountant and brings deep institutional...

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Brompton Proposes Merger of Symphony Floating Rate Senior Loan Fund With Brompton Wellington Square Investment Grade CLO ETF

TORONTO, Sept. 12, 2025 (GLOBE NEWSWIRE) — (TSX: SSF.UN) Brompton Funds Limited (“Brompton” or the “Manager”), the manager of Symphony Floating Rate Senior Loan Fund (the “Fund”) announces that it has approved a proposal to merge (the “Merger”) the Fund into Brompton Wellington Square Investment Grade CLO ETF (the “ETF”) with the ETF being the continuing fund (the “Continuing Fund”) and it is calling a special meeting (the “Meeting”) of the holders (the “Unitholders”) of class A units and class U units (together the “Units”) of the Fund to consider and vote on the proposed Merger. The ETF is a new investment fund which the Manager expects to launch in late September 2025. Under the Merger, the class A units and class U units of the Fund will be exchanged for CAD units and USD units of the ETF, respectively, based on the respective...

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Itafos to Present at the Annual Smallcap Discoveries Conference in Vancouver

HOUSTON, Sept. 12, 2025 (GLOBE NEWSWIRE) — Itafos Inc. (TSX-V: IFOS) (OTCQX: ITFS) (“Itafos” or “the Company”) today announces that it will participate in the upcoming Annual Smallcap Discoveries Conference in Vancouver. David Delaney, Chief Executive Officer of Itafos will be presenting on September 29, 2025 and will speak about the Company’s recent results and longer-term strategies. The Vancouver event will feature company presentations, keynote sessions, and one-on-one meetings in a curated format that brings together engaged investors and select Canadian growth companies. Investors who would like to attend the Smallcap Discoveries Conference can register for a pass here. Investors interested in meeting with the Company during the conference should contact the coordinator at trevor@smallcapdiscoveries.com. About Itafos The...

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Altai Announces Dismissal of Its Claim by Quebec Court

TORONTO, Sept. 12, 2025 (GLOBE NEWSWIRE) — Altai Resources Inc. (TSXV: ATI) (“Altai” or the “Company”) announced today that, further to the Company’s news release dated September 5, 2025, in connection with the Company’s claim filed in the Superior Court of Quebec (the “Court”) in 2022 (the “Claim”) against the Ministry of Energy and Natural Resources (Quebec), the Government of Quebec, as represented by the Attorney General of Quebec, and the Attorney General of Quebec (collectively, the “Defendants”), seeking compensatory damages from the Defendants for the expropriation in 2022 of the Company’s oil and gas exploration assets in Quebec (the “Expropriation”), the Court has notified the Company that it has granted, at the request of the Attorney General of Quebec, the dismissal of the Claim on the grounds that the Company no longer...

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Japan Smaller Capitalization Fund, Inc. Announces Monthly Distributions for October, November and December 2025 Under Its Level Distribution Plan

NEW YORK, Sept. 12, 2025 (GLOBE NEWSWIRE) — Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF) today declared monthly cash distributions to common shareholders pursuant to its Level Distribution Plan (“LDP”) as follows:Record Date Ex-Dividend Date Payment DateDistribution AmountOctober 15, 2025 October 15, 2025 October 31, 2025 $0.0887November 14, 2025 November 14, 2025 November 28, 2025 $0.0887December 15, 2025 December 15, 2025 December 31, 2025 $0.0887The LDP is intended to provide shareholders with a constant, though not guaranteed, fixed rate of distribution each month. Distributions will be made primarily in cash but under the Fund’s dividend-reinvestment plan, distributions will be made in Fund shares unless a shareholder has elected to receive cash. Shares held with a broker-dealer will receive...

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Omega Flex, Inc. Announces Regular Quarterly Dividend for the Third Quarter 2025

EXTON, Pa., Sept. 12, 2025 (GLOBE NEWSWIRE) — Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on October 8, 2025, to shareholders of record on September 25, 2025. In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend. INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS – This press release contains forward-looking statements, which are subject to inherent uncertainties which are difficult...

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Mount Logan Capital Inc. and 180 Degree Capital Corp. Close Strategic Business Combination

Establishes U.S.-based alternative asset management and insurance solutions platform Merged Company, Mount Logan Capital Inc., expected to begin trading on NASDAQ under the symbol “MLCI” on Monday, September 15, 2025 Closing Merger Value of approximately US$122.7 million equates to a price per share of MLCI of US$9.43 NEW YORK and MONTCLAIR, N.J., Sept. 12, 2025 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (“Mount Logan”) and 180 Degree Capital Corp. (“180 Degree Capital”) (Nasdaq: TURN) today announced the successful closing of their all-stock strategic business combination (the “Business Combination”) that was previously approved by shareholders of each company on August 29, 2025, and August 22, 2025, respectively. The combined company will operate under the name Mount Logan Capital Inc. (“New Mount Logan” or “MLCI”), a Delaware...

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Curanex Pharmaceuticals Inc. Announces Exercise of the Over-Allotment Option by Underwriters

Jericho, New York, Sept. 12, 2025 (GLOBE NEWSWIRE) — Curanex Pharmaceuticals Inc. (Nasdaq: CURX) (“Curanex” or the “Company”), a developmental stage pharmaceutical company focused on discovering and developing botanical drugs for inflammatory diseases, today announced that Dominari Securities LLC, which acted as the lead underwriter for the Company’s underwritten initial public offering (the “Offering” or the “IPO”), has exercised in full the over-allotment option the Company granted to the underwriters and purchased additional 562,500 shares of common stock of the Company at the IPO price of $4.00 per share. As a result of the sale of these 562,500 shares, the Company has raised an additional $2,250,000 in the Offering, for a total of $17,250,000 million in gross proceeds, before underwriting discounts and other related expenses,...

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