Electrovaya Inc. Announces Pricing of US$11.1 Million Public Offering of Common Shares
Electrovaya Inc. (NASDAQ: ELVA; TSX: ELVA), a lithium-ion battery technology leader, has priced its public offering of 5,175,000 common shares at $2.15 each, aiming to raise approximately $11.1 million before expenses. Roth Capital Partners is the lead manager, with an additional 776,250 shares available through an over-allotment option. Proceeds will fund cash collateral for a […]
Hummingbird Acquired by Nioko for $17.5 Million in Cash
Nioko’s offer — which has the unanimous recommendation of Hummingbird’s board — matches the subscription price under the proposed debt-to-equity conversion agreement signed with CIG in November 2024. Hummingbird has flagged continued challenges around operational performance at its Yanfolila gold mine in Mali, as well as delays in the ramp up of operations at the […]
Electrovaya Inc. Announces Proposed Public Offering of Common Shares and Files Preliminary Prospectus Supplement
Electrovaya Inc. (NASDAQ: ELVA; TSX: ELVA) has initiated an underwritten public offering of its common shares, with all shares offered by the Company. This offering will be conducted in the U.S. under an effective shelf registration statement and in Canada, excluding Québec. Proceeds will fund cash collateral conditions for a loan from the Export-Import Bank […]
Colorado Regulators Uncover Numerous Oil and Gas Sites with Falsified Contamination Data • Colorado Newsline
Colorado regulators identify hundreds of oil and gas sites where contamination data was falsified • Colorado Newsline Colorado regulators on Friday released more information about the alleged falsification of contamination data for hundreds of oil and gas sites by a pair of consulting firms, including a map of the locations in question. Staff from the […]
Exploring Oakmark and MFS’s Latest Active ETFs
Two more redoubtable asset managers—Oakmark and MFS—joined the active exchange-traded fund fray this week, launching versions of established and highly rated strategies. The new ETFs are not exact clones of those strategies, which each have long and impressive track records, but share the same management teams and processes as their forebears. Oakmark U.S. Large Cap […]
Carlyle Acquires Miramis Corp. and Nicola East Property Option, Completes Quesnel Gold Project Field Program, and Provides Corporate Update
Carlyle Commodities Corp. has completed the acquisition of Miramis Mining Corp. through an amalgamation agreement, allowing Carlyle to diversify its asset portfolio. Miramis, focused on mineral exploration in British Columbia, holds an option for the Nicola East property and has a history of mineralization in the southern Quesnel Trough. Carlyle issued 23,843,411 common shares in […]
Electrovaya Reports Fiscal Year 2024 Results
Electrovaya Inc. reported a revenue of $44.6 million and $4 million in adjusted EBITDA for FY 2024, marking its sixth consecutive quarter of positive EBITDA. The company achieved historic cash flow from operations and improved gross margins of 30.7%. A $51 million loan from the Export-Import Bank of the U.S. will support a manufacturing facility […]
Following Earnings: Is Salesforce Stock a Buy, Sell, or Hold?
Salesforce CRM released its third-quarter earnings report on Dec. 3. Here’s Morningstar’s take on Salesforce’s earnings and stock. Fair Value Estimate for Salesforce With its 3-star rating, we believe Salesforce’s stock is fairly valued compared with our long-term fair value estimate of $315 per share, which implies a fiscal 2025 enterprise value/sales multiple of 7 […]
VERSES Releases Latest Version of Genius™
VERSES AI Inc. has released a software update for its flagship product, Genius™, enhancing its reasoning and planning capabilities. This update, available to beta program participants, aims to assist machine learning practitioners with improved user experience, including a new model building interface and simplified tutorials. CEO Gabriel René highlighted Genius as a groundbreaking tool that […]
Everyday People Financial Reports Significant Expansion of RCM Client Base, Advancing Growth Strategy
Everyday People Financial Announces Major Growth in RCM Client Base, Supporting Growth Strategy Edmonton, Alberta–(Newsfile Corp. – December 10, 2024) – Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) (“Everyday People” or the “Company“), a financial services provider, is excited to announce that in 2024 the Company expanded five of its existing key client relationships […]