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Tree Island Announces Meeting Results for Election of Directors
Globenewswire· 2025-06-26 20:00
Core Points - Tree Island Steel Ltd. announced that all matters at its 2025 Annual General Meeting of Shareholders received requisite shareholder approval [1] - The company elected all six director nominees proposed by management, with a total of 17,117,784 shares represented, accounting for approximately 65.85% of outstanding shares [2] Board of Directors - The voting results for the director elections showed high approval rates for all nominees, with Sam Fleiser receiving 99.86% votes in favor, while other nominees received between 96.18% and 96.32% [2] - The detailed voting results for each nominee are as follows: - Amar S. Doman: 16,397,252 votes for (96.18%), 651,793 votes against (3.82%) [2] - Peter Bull: 16,421,214 votes for (96.32%), 627,831 votes against (3.68%) [2] - Sam Fleiser: 17,025,005 votes for (99.86%), 24,040 votes against (0.14%) [2] - Joe Downes: 16,421,214 votes for (96.32%), 627,831 votes against (3.68%) [2] Company Overview - Tree Island Steel, headquartered in Richmond, British Columbia, has been operational since 1964 and produces a variety of wire products for industrial, residential, commercial, and agricultural applications [3] - The company's product offerings include galvanized wire, bright wire, fasteners, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products, marketed under various brand names [3]
INmune Bio Inc. to Announce Top Line Results from MINDFuL Phase 2 Trial in Early Alzheimer's on Monday, June 30th
Globenewswire· 2025-06-26 20:00
Company to host a conference call to discuss results at 8:00am EDT on June 30, 2025 Boca Raton, Florida, June 26, 2025 (GLOBE NEWSWIRE) --  INmune Bio Inc. (NASDAQ: INMB) (the “Company”), a clinical-stage inflammation and immunology company, will host a conference call on Monday, June 30 beginning at 8:00am EDT to present top line data from the Phase 2 MINDFuL trial in early Alzheimer’s Disease. MINDFuL Results Call Information: To participate in this event, dial approximately at least 10 minutes before th ...
Oxley Bridge Acquisition Limited Completes $253 Million Initial Public Offering
Globenewswire· 2025-06-26 20:00
Vancouver, BC, June 26, 2025 (GLOBE NEWSWIRE) -- Oxley Bridge Acquisition Limited (the “Company”) announced today the closing of its initial public offering of 25,300,000 units, which includes 3,300,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $253,000,000. The Company’s units began trading on June 25, 2025 on The Nasdaq Global Stock Market LLC (“Nasdaq”) under the ticker symb ...
Apple changes App Store rules in EU after being threatened with $570M fine
New York Post· 2025-06-26 19:58
Apple on Thursday changed rules and fees in its App Store in the European Union after the bloc’s antitrust regulators ordered it to remove commercial barriers to sending customers outside the store.Apple said developers will pay a 20% processing fee for purchases made via the App Store, though the fees could go as low as 13% for Apple’s small-business program.Developers who send customers outside the App Store for payment will pay a minimum fee of 5% and at most 15%. Developers will also be able to use as m ...
VivoPower Believes It Meets Nasdaq Equity Requirement Following Reg S Investment
Globenewswire· 2025-06-26 19:55
Company believes it has regained compliance with pro forma net equity of approximately US$20 million as of May 31, 2025 US$121 million Reg S investment round led by His Royal Highness Prince Abdulaziz bin Turki bin Talal Al Saud Including binding close of first-phase private placement totalling US$60.5 million in gross proceeds LONDON, June 26, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) (“VivoPower” or the “Company”) is pleased to announce that, based on a binding close of the first ...
Tribe Property Technologies Announces Best Efforts Public Offering of Units
Globenewswire· 2025-06-26 19:50
Core Viewpoint - Tribe Property Technologies Inc. is initiating a public offering of units at an issue price of $0.45 per unit, aiming for gross proceeds of up to $5 million, with each unit consisting of one common share and one-half of a warrant [1][4] Group 1: Offering Details - The offering will be conducted on a "best efforts" agency basis, led by Raymond James Ltd. [2] - The agents will have an option to sell up to 15% additional units to cover over-allotments, exercisable within 30 days post-closing [3] - The expected closing date for the offering is around July 7, 2025, subject to customary closing conditions and necessary approvals [4] Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for growth initiatives, including technology investments, potential acquisitions, working capital, and vendor repayments [4] Group 3: Company Overview - Tribe Property Technologies is a property technology company aiming to disrupt the traditional property management industry through a tech-forward approach [8] - The company focuses on acquiring accretive targets in the North American property management sector and enhancing operations through digitization [8] - Tribe's platform aims to reduce customer acquisition costs, improve retention, and offer value-added products and services [9]
Astera Labs: AI Infrastructure Play With Significant Growth Ahead
MarketBeat· 2025-06-26 19:47
Core Viewpoint - Astera Labs has positioned itself as a leader in semiconductor technology integrated with cloud and AI infrastructure, showing significant stock performance and growth potential in the AI sector [1][2]. Financial Performance - Astera's revenue for Q1 2025 exceeded $159 million, marking a 144% year-over-year increase, with analysts projecting earnings to surge by nearly 118% in the near term [4][5]. - The company's gross margin stands at 74.9%, down from 77.4% in the previous year, while non-GAAP diluted EPS increased to 33 cents from 10 cents [5]. - For Q2 2025, Astera forecasts revenue between $170 million and $175 million, with non-GAAP EPS expected to be between 32 to 33 cents [5]. Analyst Ratings and Price Targets - Analysts show strong support for Astera, with 14 out of 15 rating it a Buy, and a consensus price target of $100 per share, indicating a near-term upside potential of 17% [2][6]. - The stock price forecast ranges from a low of $75 to a high of $125, with an average forecast of $100 [6]. Demand and Partnerships - Astera's products, including PCIe Gen 6 retimers and optical modules, are gaining traction, driven by the industry's transition to Gen 6 technology [6][7]. - The company has formed key partnerships, including one with AIChip Technologies to support AI hyperscalers, and an updated agreement with NVIDIA for NVLink Fusion system connectivity solutions [7][9]. Long-Term Outlook - As demand for AI solutions grows, Astera is establishing itself as a key provider in the AI infrastructure space, with a compelling revenue growth trajectory and a business model that supports profitability [11][12]. - Despite a year-to-date decline of over 36%, the company's high P/S ratio of 36.3 may present a buying opportunity at a relatively modest valuation [12].
Independent Bank Corporation Announces Date for Its Second Quarter 2025 Earnings Release
Globenewswire· 2025-06-26 19:33
Group 1 - Independent Bank Corporation (NASDAQ: IBCP) will release its 2025 second quarter results on July 24, 2025, at approximately 8:00 am ET [1] - A conference call for investors and analysts will be held on the same day at 11:00 am ET, featuring President and CEO Brad Kessel, CFO Gavin Mohr, and EVP Commercial Banking Joel Rahn [2] - The conference call can be accessed via phone or an audio webcast, with a playback option available until July 31, 2025 [3] Group 2 - Independent Bank Corporation is a Michigan-based bank holding company with total assets of approximately $5.3 billion [4] - The company operates a branch network across Michigan's Lower Peninsula and offers a full range of financial services, including commercial banking, mortgage lending, investments, insurance, and title services [4] - Independent Bank Corporation emphasizes exceptional personal service and value to its customers, stockholders, and communities [4]
Robotaxi Concerns, A Healthier Nvidia, AMD Momentum With Sara Awad, Tech Contrarians
Seeking Alpha· 2025-06-26 19:30
Group 1 - The tech sector is showing resilience despite geopolitical tensions and rising oil prices, with a notable focus on AI trends and cyclical recovery in the analog space [5][8][70] - Tesla's recent robotaxi launch is seen as a pivotal moment for the company, with investors reacting positively despite limited information from the event [9][12][40] - Concerns remain regarding Tesla's ability to scale its robotaxi service, particularly in terms of pricing, safety, and competition from companies like Waymo [17][20][29] Group 2 - Nvidia's recent earnings report showed a slight growth expectation of 2% sequentially, which was below consensus estimates, yet the stock did not decline significantly due to prior write-offs that had already priced in negatives [42][44] - AMD is gaining market share in the server CPU market, with estimates suggesting a 40% share this year, driven by its competitive positioning against Intel [49] - Apple's recent developer conference was disappointing for investors, with lowered smartphone sales forecasts indicating a challenging year ahead, yet the long-term outlook remains bullish [51][53] Group 3 - Broadcom reported earnings in line with expectations and is viewed as a solid midterm investment due to its strong fundamentals and position in the AI server market [54][56] - CoreWeave's stock has surged significantly, but concerns about overvaluation and reliance on retail investors have led to a downgrade in sentiment [64][66] - The overall market is experiencing shifts, with a potential move from growth stocks to value picks, presenting opportunities for investors to acquire solid growth stocks at better prices [67]
AJP and Orbic Issue Open Letter to Fellow Sonim Stockholders
Newsfile· 2025-06-26 19:30
Core Viewpoint - AJP Holding Company and Orbic North America, holding approximately 19% of Sonim Technologies, are urging fellow stockholders to support their nominees for the board in light of Sonim's poor financial performance and management practices [1][2][3]. Financial Performance - Sonim reported a net loss of $33.65 million in 2024, equating to a loss of $7.13 per share, and has experienced a stock price decline of 87% in 2024, culminating in a total stock value loss of 98% over the past five years [6][15][16]. - The company has accumulated losses totaling $86.45 million from 2021 to 2024, indicating a pattern of poor financial management [6][15]. Management and Governance Issues - The current board and management have been accused of poor stewardship, engaging in entrenchment efforts, and failing to provide a strategic evaluation process that benefits stockholders [2][6][19]. - Sonim's board has implemented anti-takeover measures, including a poison pill strategy and dilutive stock offerings, which have negatively impacted stockholder value [6][7][19]. Proposed Changes - AJP and Orbic are nominating five independent candidates for the board, emphasizing the need for new leadership with industry expertise to conduct a strategic assessment of Sonim [3][11]. - The nominees are expected to advocate for a strategic review process and engage with Orbic regarding acquisition proposals, which could potentially unlock stockholder value [11][12]. Acquisition Proposals - Orbic has made a cash offer of $25 million to acquire substantially all of Sonim's assets, representing a 66.7% premium over another proposed transaction with Social Mobile [10][12]. - The proposed transaction with Social Mobile is viewed as unlikely to provide meaningful returns to stockholders, with estimates suggesting a per-share value of approximately $1.46, which could decrease further when accounting for transaction costs and existing debt [10][20]. Stockholder Engagement - AJP and Orbic are calling on stockholders to vote for their nominees to ensure a transformation in leadership that prioritizes stockholder interests and addresses the company's financial challenges [8][21][22].