Small cap market is starting to show signs of life, says Goldman's Greg Tuorto
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Business Wire
an hour ago
- Business Wire
Venzee Technologies Inc. Announces Fiscal 2025 Year End Results and Proposed Extension of Debenture Maturity Dates
VANCOUVER, British Columbia--(BUSINESS WIRE)--Venzee Technologies Inc. (TSXV: VENZ) (' Venzee or the ' Company ') today announces the release of its audited financial statements for the year ended March 31, 2025 as well as its MD&A for the year. The financial statements and MD&A can be accessed at Within the MD&A, the Company has provided its operational highlights and outlook for the future, as well as the Risk Factors and Uncertainties for the business. The Company urges its shareholders to review the MD&A in its entirety. Venzee also announces that it intends to seek the approval of the holders of certain of its previously issued Debentures (as defined below) to extend the maturity dates of the Debentures for an additional six months. Venzee previously issued an aggregate of $275,000 in principal amount of convertible debentures as follows: (i) an aggregate of $175,000 in principal amount of convertible debentures were issued on July 25, 2022 with a July 25, 2025 maturity date (the ' July 25 Debentures '), (ii) an aggregate of $50,000 in principal amount of convertible debentures were issued on July 29, 2022 with a July 29, 2025 maturity date (the ' July 29 Debentures '), and (iii) an aggregate of $50,000 in principal amount of convertible debentures were issued on August 30, 2022 with a August 30, 2025 maturity date (the ' August 30 Debentures ' and, together with the July 29 Debentures and the August 30 Debentures, the ' Debentures '). The Debentures are convertible into common shares of Venzee (' Common Shares ') at the option of the holders at a conversion price equal to $0.50 per Common Share at any time prior to the Debentures' respective maturity date (the ' Maturity Dates '). Pursuant to the terms of the Debentures, Venzee may, upon the consent of the holders and the approval of the TSX Venture Exchange (' TSXV '), amend any terms of the Debentures, including the Maturity Dates. Venzee intends to seek the approval of the holders of the Debentures, as well as the approval of the TSX Venture Exchange (' TSXV '), to extend the Maturity Dates of the Debentures, being July 25, 2025, July 29, 2025 and August 30, 2025, in each case for an additional six months such that each of the July 25 Debentures, July 29 Debentures and August 30 Debentures would, upon receipt of the requisite approvals, mature on each of January 25, 2026, January 29, 2026 and February 28, 2026, respectively. No other terms or provisions of the Debentures are expected to be amended and, per the terms of the Debentures, interest will continue to be incurred and will become due and payable in accordance with the terms of the Debentures. The proposed amendments remain subject to the approval of the TSXV. Venzee cautions that there is no assurance that it will be successful in extending the Maturity Dates of the Debentures. As referenced under the heading 'Risk Factors and Uncertainties' in the MD&A, under the terms of the Software Right of Use Agreement dated May 14, 2024 between Digital Commerce Payments Inc. ('DCP') and the Company, DCP has the right to immediately terminate the software license under such agreement if, among other things, Venzee becomes insolvent or is generally unable to pay, or fails to pay, its debts as they become due. In the event that DCP exercises this right to terminate the software license, the Company would be left without any means of producing future revenue. About Venzee Technologies, Inc. Venzee unlocks shareholder value by carrying out its mission to create intelligent technology that removes friction from the global supply chain. Its Mesh Connector™ product disrupts and displaces inefficient manual processes in favor of integrated, machine-driven solutions. To learn more about the Venzee platform, visit Forward-Looking Information This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information in this press release includes, but is not limited to statements with respect to Venzee's intention to seek the extension to the Maturity Dates and the consent of the holders and the TSXV, as well as Venzee's ability to obtain such consents and the completion of the proposed amendments. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Venzee to be materially different from those expressed or implied by such forward-looking information. Additional information about assumptions and risks and uncertainties is contained under "Risk Factors and Uncertainties" in Venzee's management's discussion and analysis for the financial year ended March 31, 2024, which is available under Venzee's SEDAR+ profile at and in other filings that Venzee has made and may make with applicable securities authorities in the future. Although Venzee has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement. Venzee does not undertake to update any forward-looking information, except as required by applicable securities laws. Neither the TSXV nor its Regulation Service Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Yahoo
an hour ago
- Yahoo
UBS Raises PT on XP Inc. (XP) to $24; Maintains ‘Buy' Rating
XP Inc. (NASDAQ:XP) is included in our list of the . An exterior view of a modern banking building, showcasing its financial stability and reach. On June 20, 2025, UBS increased its price target on XP Inc. (NASDAQ:XP) from $17 to $24, maintaining a 'Buy' rating. Previously, on June 4, 2025, Goldman Sachs upgraded the stock from 'Neutral' to 'Buy', with a $23 price target. The analyst attributed the upgrade to the company's strong operating leverage, a resilient revenue mix, and possible interest rate cuts. This analyst's optimism surrounding XP Inc. (NASDAQ:XP)'s outlook follows the R$1 billion share repurchase program in May. The same day, the company canceled over 12 million treasury shares, which decreased its total share count by 2.2%. The cancellation is expected to enhance the company's shareholder value. Looking ahead, Goldman Sachs projects a double-digit revenue growth for XP Inc. (NASDAQ:XP) due to consistent fixed income revenue and reduced reliance on equity markets. XP Inc. (NASDAQ:XP) serves retail, high-net-worth, and institutional clients with its broad range of investment, brokerage, and banking products. It remains on our list of the most undervalued stocks. While we acknowledge the potential of XP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Most Undervalued Cloud Stocks Under $10 According to Hedge Funds and 11 Best Mineral Stocks to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
China calls for more engagement with US, warns against confrontation
BEIJING (Reuters) -China's Foreign Minister Wang Yi on Wednesday called for more engagement with the United States, and warned against confrontations between the two global powers, according to a statement from the Chinese foreign ministry. Wang made the comments during a meeting in Beijing with a delegation of U.S. businesses that include executives from Goldman Sachs, Boeing and Apple, the ministry said. "China is willing to enhance engagement with the U.S., avoid misjudgment, manage differences, and explore cooperation," Wang was quoted as saying. His remarks came a day after top Chinese and U.S. negotiators wrapped up a latest round of trade talks in Stockholm, with both sides agreeing to seek an extension of their 90-day tariff truce struck in May. Wang said that China-U.S. relations are affected by global developments and exert a "profound impact" on international dynamics. "China and the U.S. need to establish more channels of communication and consultation, view each other objectively, rationally, and pragmatically, and foster a correct strategic perception," he said, urging both countries to reject "unilateralism and bullying". He encouraged U.S. companies to maintain confidence in the Chinese market, and welcomed them to continue to invest in China, the ministry statement said. A high-level delegation of U.S. executives is visiting China this week and has also met with China's commerce and industry ministers. The trip comes as Beijing and Washington work towards a summit between the two countries' leaders later this year, probably around the time of the APEC forum in South Korea from October 26 to November 1, sources previously told Reuters. U.S. President Donald Trump said on Tuesday he thinks he will meet with Chinese President Xi Jinping before the end of the year, but did not elaborate. Solve the daily Crossword
