Lincoln Electric Acquires Remaining Interest in Alloy Steel
'We are pleased to welcome the Alloy Steel team to Lincoln Electric to expand our presence in the attractive maintenance and repair sector,' said Steven B. Hedlund, Lincoln Electric's Chair, President and Chief Executive Officer.
Alloy Steel is a privately held manufacturer of maintenance and repair solutions headquartered in Perth, Australia. It supplies proprietary wear plate solutions, engineering services and digital monitoring to the mining sector primarily in the Asia Pacific region to help customers extend asset life and minimize operational downtime. Alloy Steel's offering complements Lincoln Electric's current portfolio of maintenance and repair solutions for mining, steel, agricultural, and industrial applications.
'We are pleased to welcome the Alloy Steel team to Lincoln Electric to expand our presence in the attractive maintenance and repair sector,' said Steven B. Hedlund, Lincoln Electric's Chair, President and Chief Executive Officer. 'Customers are increasingly investing in maintenance to extend the life and maximize the productivity, safety, and energy efficiency of their assets. We are looking forward to expanding their innovative wear plate solution globally and scaling its reach beyond the Asia Pacific mining sector.'
Alloy Steel's annual revenue is approximately USD$50 million and their results will be reported in the International Welding Segment. The acquisition is expected to be accretive to Company earnings, excluding transaction costs, at approximately $0.13 to $0.15 per diluted common share on an annual basis. Terms of the transaction were not disclosed.
Forward-Looking Statements
The Company's expectations and beliefs concerning the future contained in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect management's current expectations and involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "forecast," "guidance" or words of similar meaning. Actual results may differ materially from such statements due to a variety of factors that could adversely affect the Company's operating results. These risks and uncertainties include our ability to successfully integrate Alloy Steel and our ability to achieve the expected growth from the Alloy Steel acquisition. For additional discussion, see "Item 1A. Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024.
About Lincoln Electric
Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, automated joining, assembly and cutting systems, plasma and oxy-fuel cutting equipment, and has a leading global position in brazing and soldering alloys. Lincoln is recognized as the Welding Expert™ for its leading materials science, software development, automation engineering, and application expertise, which advance customers' fabrication capabilities to help them build a better world. Headquartered in Cleveland, Ohio, Lincoln has 71 manufacturing locations in 20 countries and a worldwide network of distributors and sales offices serving customers in over 160 countries. For more information about Lincoln Electric and its products and services, visit the Company's website at https://www.lincolnelectric.com.
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a few seconds ago
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Dip buys, stagflation talks, gold tariff scare: Market takeaways
Markets (^GSPC, ^IXIC, ^DJI) snapped back after last week's payroll-driven dip, with major indexes climbing and the Nasdaq hitting a fresh record. Yahoo Finance Markets and Data Editor Jared Blikre goes over the top trading day takeaways: last week's dip being bought, the continued conversation around stagflation, and a brief gold scare that rattled traders. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend. US stocks closed out the week on a high note with the NASDAQ setting another record close. Let's get to it with Yahoo Finances Jared Blickery for the top trading day takeaways. Jared, what do you got first? That dip was bought. And what dip am I talking about? I'm talking about the one from last Friday. It was one week ago that I was standing here next to the other Josh and we're talking about, it was kind of a scary day. Yes. So let me just show you the S&P 500. I think we're going to start out with a five day. Let's move this to a 10 day so we can see that. So that's when we got that whole payroll scare. And it wasn't that the number itself was that bad, although it was below expectations. It was the revisions. And we've been talking about that a lot this week. So it looked like things were kind of bad, but look, that was bought. It was only a three and a half percent dip or something like that from those record highs. And we are right back up. The S&P 500 by the way, today missed a record high by just less than one point. It was really close. And then here is the five-day price action in the in the market in the sectors. So consumer discretionary is first, then tech, and then interestingly, we were just talking about this consumer staples. And you don't usually see the those two consumer sectors right at the top because staples is more defensive. Nevertheless, that's what we got this week. So we're going to count one for the bulls and the green. I just wanted to highlight too, something else kind of random that not so random, but I think this talks as to the cyclicality and the bullishness right now. Semiconductors did very well. And you take a, I don't think we have time for this, but you take a look at some of the semiconductor indices, they are right around their all-time highs and they're just kind of trying to break out, but they haven't. Contrast that with the software, and we see a lot of red here, but software isn't the leading indicator that uh semiconductors are. So that's where I'm going to kind of be focusing. So, so Sammies would lead, and then software sort of follows, is that? Yeah, because of the recurring revenue software has turned into a more of a staples play almost of the tech industry. If that makes any sense. And and you brought up, Jared, that dip bought. Of course that was off economic fears. When you think forward to the rest of the, we didn't get a lot of data this week. No. Next Tuesday we get CPI, and so this ties into that stagflation. I hear this word bandied about all the time, um in financial news, and we talked with a guest about lowercase S stagflation, not the 70s type. Uh this was Chris Wolfe on Stocks and Translation of Pennington Partners. Let's take a listen. By the way, smallest stagflation gets this more stubborn inflation because it rotates and a little bit weaker growth. And so that's not 70s style, but it's likely to be a conundrum for the Fed, because how far do you want to cut? We're not getting that much growth, and there's so much stimulus coming down the road in the next 18 months that, you know, the opportunity really is to see how that evolves, but I expect the rest of this year to be just like this with slowing growth and persistent inflation. Yeah, that was really interesting because he talked about inflation rotating. And so you have good sector rotation, uh good sector inflation, then services sector, and he was saying that has kind of the baton has been passed back and forth over the last few years, but we haven't seen it blow out of proportion like we did before. By the way, that episode is out on Yahoo Finance's site, so let's check that out. And and Jared, you, we're talking about inflation, we're talking about perhaps maybe some other things that move when we talk about inflation. What was going on in the in the alt space this week? I like that. I like that transition here. Gold had a little bit of a tariff scare. And I was looking at gold's record high yesterday, and I wasn't seeing a lot of news behind it, but this fell almost kind of under the radar, and it's uh there are a lot of wonky details in this story. Let's see if I can find GC equals. Oh, there we go, 2.4%. I will show you a ten, uh let's do a five-day view so we can see here, we got up to those record highs yesterday, then we fell off today. Apparently, there was uh a letter from the Customs and Border Patrol that indicated that gold, especially out of Switzerland, and this is uh worldwide, was going to be taxed if it had a stamp on it. And so the Swiss gold that comes to the United States that is used by the COMEX exchange in certain denominations, that was going to be taxed, or tariffed. But as it turns out, it looks like there's news that President Trump is going to somehow provide an exception for that. So we got the roll back there. Nevertheless, gold still hovering around $3,500 per ounce, still around that record high. So that just tells you the strength of the underlying market, regardless of all this tariff. My gold fun fact, Jared. I saw I saw someone pointing this out this week. Look at the year-to-date move, 30%, depending on what we consider an asset class. It's certainly outperforming stocks and it's one of the top asset classes this year. Hey, gold is one of the most hated asset classes ever by a lot of institutional investors. Nevertheless, you cannot argue with price. Only price pays, uh says some famous day traders. We'll be watching that uptrend in gold for sure, Jared. All right, that's going to do it for us here. Appreciate you joining us. Related Videos Why many strategists think the market rally will continue Barings' Burton on Tight Credit Spreads Patel and Catrambone's Outlook for the Fed Nasdaq closes 200 points higher, notches new record Sign in to access your portfolio
Yahoo
20 minutes ago
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Verde Announces Q2 2025 Earnings Results
SINGAPORE, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Verde AgriTech Ltd (TSX: 'NPK') ("Verde' or the 'Company') announces its financial results for the period ended June 30, 2025 ('Q2 2025'). All figures are in Canadian dollars, unless stated otherwise. Average exchange rate in Q2 2025: C$1.00 = R$4.08. Q2 2025 HIGHLIGHTS Operational and Financial Highlights Verde's sales volume in Q2 2025 was 80,354 tons; a 6% reduction compared to Q2 2024, which generated $4.8 million in revenue during the quarter. Gross margin excluding freight was 58% during the quarter, compared to Q2 2024 gross margin of 55%. Sales and Marketing expenses in Q2 2025 were -$0.9 million, compared to -$1.0 million in Q2 2024. Positive operating cash inflow of $0.2 million was recorded during the quarter, compared to -$0.3 million cash outflow in Q2 2024. EBITDA before non-cash events was -$0.2 million in Q2 2025, compared to nil in Q2 2024. Net loss in Q2 2025 was -$2.4 million, compared to a -$2.6 million loss in Q2 2024. Cash of $2.4 million in Q2 2025 compared to $2.7 million in Q2 2024. Short-term receivables in the quarter were $8.2 million compared to $12.8 million in Q2 2024. The Company successfully completed the renegotiation of short-term and long-term loans in Q2 2025, with approximately 99.5% of loans classified as long-term versus 19.8% prior to the renegotiation. Short-term loans totaled $0.2 million in the quarter, compared to $22.9 million in Q2 2024. Sustainability Highlights Product sold in Q2 2025 has the potential to capture up to 9,640 tons of carbon dioxide ('CO2') from the atmosphere via Enhanced Rock Weathering ('ERW').1 The potential net amount of carbon captured is estimated at 6,890 tons of CO2. In addition to the carbon removal potential, Q2 2025 sales avoided the emissions of 4,102 tons of CO2e, by substituting potassium chloride ('KCl') fertilizers.2 Combining the potential carbon removal and carbon emissions avoided by the use of the product since the start of production in 2018, Verde's total potential impact stands at 315,564 tons of CO2.3 6,368 tons of chloride have been prevented from being applied into soils in Q2 2025, by farmers who used the Product in lieu of KCl fertilizers.4 A total of 182,002 tons of chloride has been prevented from being applied into soil by Verde's customers since the Company started production.5 'Against a backdrop of tight credit and elevated interest rates, our team delivered a resilient second quarter,' said Cristiano Veloso, Founder and Chief Executive Officer of Verde AgriTech. 'By renegotiating more than 99 per cent of our debt into long‑term maturities, cutting unit production costs, and preserving a best‑in‑class 58 per cent gross margin (ex‑freight), we have fortified the balance sheet and protected cash flow while Brazil's farm economy cycles through unprecedented volatility.' 'At the same time, every ton we sold in Q2 puts money back in growers' pockets and carbon back in the ground. Since first production, our products have the potential to remove or avoid over 315,000 tons of CO₂ and have kept 182,000 tons of chloride out of Brazilian soils. That double dividend—higher crop productivity and climate impact—continues to differentiate Verde in the fertilizer market.' 'Looking ahead to the second half, our presence in core regions, launching tailored multi‑nutrient formulations. These priorities position Verde to capture the upside when sector demand rebounds, while creating enduring value for our customers, communities and shareholders.' Q2 2025 IN REVIEW Market Analysis In Q2 2025, Brazil's agricultural input sector continued to navigate the lingering effects of a prolonged downturn that began in 2022. High indebtedness among farmers and distributors, combined with limited access to credit and adverse market dynamics, led to cautious purchasing behavior. Many agribusinesses remain engaged in debt renegotiation processes — either judicial or informal — while suppliers across the chain have tightened credit policies and prioritized liquidity.6 Despite this challenging backdrop, certain indicators signaled a possible shift in market dynamics. Potash prices, particularly for potassium chloride (KCl), remained stable and showed a modest upward trend throughout the quarter.7 Like Verde, other players in the sector adopted measures to safeguard operations and improve resilience. Companies face a combination of climate-related delays, lower technology adoption, and farmer cost containment. Many have launched debt restructuring efforts to reduce short-term liabilities, preserve liquidity, and secure more sustainable financial terms.8 These actions reinforce a sector-wide emphasis on cost discipline, credit selectivity, and long-term stability. Verde maintained a conservative commercial strategy throughout the quarter, limiting sales exposure to higher-risk clients. Macroeconomic Conditions The macroeconomic environment in Brazil remained restrictive during Q2 2025. The SELIC rate stood at 15.00% at the end of the quarter and remained unchanged in the following month9— still among the highest real interest rates globally. These financing conditions continue to constrain credit availability for rural producers and delay investments in agricultural inputs. Projections suggest that the SELIC will remain at current levels through the end of 202510, while JP Morgan foresees it to gradually decrease to 10.75% by the end of 2026.11 Inflation forecasts for 2025 and 2026 stand at 5.10% and 4.40%12, respectively, suggesting a cautiously optimistic outlook that Brazil's macroeconomic environment may be on a path toward stabilization in the medium term. Although working capital remains tight for many farmers, especially during the critical period for purchasing inputs such as fertilizers, the industry has adapted by shifting payment terms to post-harvest settlements, typically between 9 and 12 months. This practice, while standard in the agricultural sector, requires careful management of cash flow and credit exposure across the supply chain. Global political developments involving key Brazilian trading partners, along with ongoing discussions around taxation and regulation, have introduced some uncertainty for farmers considering long-term investments. In response, many are taking a more conservative approach, prioritizing essential inputs and maintaining financial discipline. While this cautious sentiment has moderated short-term fertilizer demand, it also reflects a broader focus on operational efficiency and strategic resource allocation. As greater clarity emerges around policy and market dynamics, purchasing activity may begin to recover.13 EXTERNAL FACTORS Revenue and costs are affected by external factors including changes in the exchange rates between the C$ and R$ along with fluctuations in potassium chloride spot CFR Brazil, agricultural commodities prices, interest rates, among other factors. For further details, please refer to the Q2 2025 Year in Review section. RESULTS OF OPERATIONS The following table provides information about three months ended June 30, 2025, as compared to the three months ended June 30, 2024. All amounts in CAD $'000. All amounts in CAD $'000 3 months ended Jun 30, 2025 3 months ended Jun 30, 2024 6 months ended Jun 30, 2025 6 months ended Jun 30, 2024 Tons sold '000 80 85 128 170 Average Revenue per ton sold $$ 60 76 60 68 Average Production cost per ton sold $ (16 ) (21 ) (16 ) (21 ) Average Gross Profit per ton sold $ s 44 55 44 47 Gross Margin 73 % 72 % 73 % 70 % Revenue 4,800 6,480 7,652 11,548 Production costs(1) (1,316 ) (1,815 ) (2,073 ) (3,486 ) Gross Profit 3,484 4,665 5,579 8,062 Gross Margin 73 % 72 % 73 % 70 % Sales and marketing expenses (891 ) (979 ) (1,742 ) (1,949 ) Product delivery freight expenses (1,733 ) (2,541 ) (2,848 ) (4,137 ) General and administrative expenses (1,048 ) (1,058 ) (2,098 ) (2,414 ) Allowance for expected credit losses 6 (87 ) (507 ) (232 ) EBITDA (2) (182 ) - (1,616 ) (670 ) Share Based and Bonus Payments (Non-Cash Event)(3) (72 ) (265 ) (233 ) (2,042 ) Depreciation, Amortisation and P/L on disposal of plant and equipment (3) (772 ) (802 ) (1,546 ) (1,721 ) Operating Profit after non-cash events (1,026 ) (1,067 ) (3,395 ) (4,433 ) Interest Income/Expense (4) (1,394 ) (1,564 ) (2,802 ) (2,941 ) Net Profit before tax (2,420 ) (2,631 ) (6,197 ) (7,374 ) Income tax (5) (6 ) (8 ) (10 ) (17 ) Net Profit (2,426 ) (2,639 ) (6,207 ) (7,391 ) (1) – Non GAAP measure(2) – Included in General and Administrative expenses in financial statements (3) – Included in General and Administrative expenses and Cost of Sales in financial statements (4) – Please see Summary of Interest-Bearing Loans and Borrowings notes(5) – Please see Income Tax notes OPERATING AND FINANCIAL RESULTS Sales Performance In Q2 2025, revenue from sales declined by 6%, accompanied by a 21% decrease in the average revenue per ton compared to Q2 2024. Excluding freight expenses (FOB price), the average revenue per ton fell by 17%, primarily driven by the devaluation of the Brazilian Real by 9.2% and a reduction in sales of specialty products, which decreased from 18% to 9% of the sales mix. The shift reflects farmers' increasing preference for lower value-added products, as many continue to face restricted cash flows. Verde maintains a rigorous credit approval process for customers purchasing specialty fertilizers, due to the inclusion of third-party raw materials in these products. This more stringent evaluation helps safeguard operational continuity and mitigates risks associated with the fulfillment of purchase agreements. The Company reported a net loss of -$2.4 million in Q2 2025, compared to a net loss of -$2.6 million in Q2 2024. The result was primarily impacted by interest expenses of -$1.4 million and depreciation of -$0.8 million. The year-over-year improvement of $0.2 million was mainly due to a reduction in non-cash expenses related to stock options granted by the Company, when compared to the same period in the previous year. Basic loss per share was -$0.04 for Q2 2025, compared to a basic loss per share of -$0.05 for Q2 2024. Production Costs14 The average cost per ton decreased by 24% in Q2 2025, primarily due to renegotiated supplier contracts, a reduction in operational headcount, and an 9.2% devaluation of the Brazilian Real, alongside a lower proportion of specialty product orders compared to regular products. Production costs include all direct costs from mining, processing, and the addition of other nutrients to the Product, such as sulphur and boron. It also includes the logistics costs from the mine to the plant and related salaries. Verde's continued focus on cost reduction has allowed the company to maintain existing gross margins despite inflationary pressures, customer credit restrictions, and commodity price fluctuations. Loan Renegotiation Verde's debt restructuring — renegotiated with over 97.5% of its creditors — has significantly reduced its short-term obligations. Among total debt, 92.2% were classified as debt owed to adherent creditors and 5.3% as debt owed to non-adherent creditors. Although debt owed to non-adherent creditors only comprised a small portion of total debt, the Company experienced a significant reduction in the principal owed to this group (75%), equating to approximately R$7.0 million. The interest rate on this category of debt was also significantly reduced to the Taxa Referencial (TR)15, currently around 1.36% per year. The grace period and repayment term for debt associated with non-adherent creditors are 19 months on both principal and interest (starting from the court-approved debt renegotiation date of April 2025) and 108 months following the grace period, respectively. The terms applied to the majority (92.2%) of total debt, owed to adherent creditors, are as follows: Grace Period: 18 months on both principal and interest, starting from October 2024;16 Repayment Term: Debt to be amortized over 108 months; and Principal Repayment Schedule: 10% repaid between months 19 and 54; 30% between months 55 and 90; and 60% between months 91 and 126. Interest accrues at Certificado de Depósito Interbancário ('CDI') + 1.25% for three years and increases to CDI + 2.5% thereafter. The current split of short-term and long-term loans are as follows: Loans CAD $'000 Before renegotiation After renegotiation Short-term loans 37,953 227 Long-term loans 9,371 45,195 Total 47,324 45,472 The Company is now well positioned to weather ongoing macroeconomic volatility while preparing for a potential rebound in sector activity in H2 2025.13 Financial Position As of June 30, 2025, Verde held cash of $2.4 million, compared to $2.7 million at the end of Q2 2024. Short-term receivables recorded during the quarter were $8.2 million. The total cash and short-term receivables were $10.6 million in Q2 2025. OUTLOOK During H2 2025, the Company will focus on: Product portfolio expansion via the development of new, customer-driven fertilizer formulations, which have been designed to address evolving agronomic needs while enhancing crop productivity and sustainability. By broadening our suite of multi-nutrient solutions, we aim to deepen relationships with existing growers and distributors and, importantly, attract a wider base of new customers. Strengthening our commercial reach — leveraging the recently expanded sales team, targeted marketing initiatives, and data-driven agronomic support — to accelerate market penetration in core regions near our production hub. Advancing research on the Company's carbon project (Enhanced Rock Weathering), reinforcing our long-term vision of delivering agronomic performance alongside measurable environmental benefits. Q2 RESULTS CONFERENCE CALL The Company will host a conference call to discuss Q2 2025 results and provide an update. Subscribe using the link below and receive the conference details by email. Date: Monday, August 11, 2025 Time: 09:00 am Eastern Time Subscription link: The Company's financial statements and related notes for the period ended June 30, 2025 are available to the public on SEDAR+ at and the Company's website at ABOUT VERDE AGRITECH Verde AgriTech is dedicated to advancing sustainable agriculture through the innovation of specialty multi-nutrient potassium fertilizers. Our mission is to increase agricultural productivity, enhance soil health, and significantly contribute to environmental sustainability. Utilizing our unique position in Brazil, we harness proprietary technologies to develop solutions that not only meet the immediate needs of farmers but also address global challenges such as food security and climate change. Our commitment to carbon capture and the production of eco-friendly fertilizers underscores our vision for a future where agriculture contributes positively to the health of our planet. For more information on how we are leading the way towards sustainable agriculture and climate change mitigation in Brazil, visit our website at For additional information please contact:Cristiano Veloso, Chief Executive Officer and FounderTel: +55 (31) 3245 0205; Email: investor@ | CAUTIONARY LANGUAGE AND FORWARD-LOOKING STATEMENTS All Mineral Reserve and Mineral Resources estimates reported by the Company were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards (May 10, 2014). These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. This document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the estimated amount and grade of Mineral Resources and Mineral Reserves; (ii) the estimated amount of CO2 removal potential per ton of rock; (iii) the PFS representing a viable development option for the Project; (iv) estimates of the capital costs of constructing mine facilities and bringing a mine into production, of sustaining capital and the duration of financing payback periods; (v) the estimated amount of future production, both produced and sold; (vi) timing of disclosure for the PFS and recommendations from the Special Committee; (vii) the Company's competitive position in Brazil and demand for potash; (viii) estimates of operating costs and total costs, net cash flow, net present value and economic returns from an operating mine. (ix) the expected terms of the debt restructuring; (x) the expected financial impact of the debt restructuring to the Company; (xi) the timeline for court approval of the debt restructuring; and (xii) the potential arising from the re-assaying of certain core samples. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "envisages", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. All forward-looking statements are based on Verde's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. The most significant assumptions are set forth above, but generally these assumptions include, but are not limited to: (i) the presence of and continuity of resources and reserves at the Project at estimated grades; (ii) the estimation of CO2 removal based on the chemical and mineralogical composition of assumed resources and reserves; (iii) the geotechnical and metallurgical characteristics of rock conforming to sampled results; including the quantities of water and the quality of the water that must be diverted or treated during mining operations; (iv) the capacities and durability of various machinery and equipment; (v) the availability of personnel, machinery and equipment at estimated prices and within the estimated delivery times; (vi) currency exchange rates; (vii) Super Greensand® and K Forte® sales prices, market size and exchange rate assumed; (viii) appropriate discount rates applied to the cash flows in the economic analysis; (ix) tax rates and royalty rates applicable to the proposed mining operation; (x) the availability of acceptable financing under assumed structure and costs; (xi) anticipated mining losses and dilution; (xii) reasonable contingency requirements; (xiii) success in realizing proposed operations; (xiv) receipt of permits and other regulatory approvals on acceptable terms; and (xv) the fulfilment of environmental assessment commitments and arrangements with local communities. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Many forward-looking statements are made assuming the correctness of other forward looking statements, such as statements of net present value and internal rates of return, which are based on most of the other forward-looking statements and assumptions herein. The cost information is also prepared using current values, but the time for incurring the costs will be in the future and it is assumed costs will remain stable over the relevant period. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections, and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution readers not to place undue reliance on these forward-looking statements, as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions, and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur as forecast, but specifically include, without limitation: risks related to the court approval process for the debt restructuring; risks relating to variations in the mineral content within the material identified as Mineral Resources and Mineral Reserves from that predicted; variations in rates of recovery and extraction; the geotechnical characteristics of the rock mined or through which infrastructure is built differing from that predicted, the quantity of water that will need to be diverted or treated during mining operations being different from what is expected to be encountered during mining operations or post-closure, or the rate of flow of the water being different; developments in world metals markets; risks relating to fluctuations in the Brazilian Real relative to the Canadian dollar; increases in the estimated capital and operating costs or unanticipated costs; difficulties attracting the necessary workforce; increases in financing costs or adverse changes to the terms of available financing, if any; tax rates or royalties being greater than assumed; changes in development or mining plans due to changes in logistical, technical, or other factors; changes in project parameters as plans continue to be refined; risks relating to receipt of regulatory approvals; delays in stakeholder negotiations; changes in regulations applying to the development, operation, and closure of mining operations from what currently exists; the effects of competition in the markets in which Verde operates; operational and infrastructure risks and the additional risks described in Verde's Annual Information Form filed with SEDAR+ in Canada (available at for the year ended December 31, 2024. Verde cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to Verde, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Verde does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Verde or on our behalf, except as required by law. ________________________1 The carbon capture potential of Verde's products, through Enhanced Rock Weathering (ERW), is 120 kg CO2e per ton of K Forte®. For further information, see 'Verde's Products Remove Carbon Dioxide From the Air'.2 K Forte® is a fertilizer produced in Brazil using national raw materials. Its production process has low energy consumption from renewable sources and, consequently, a low environmental and GHG emissions footprint. Whereas the high carbon footprint of KCl results from a complex production process, involving extraction, concentration, and granulation of KCl, in addition to the long transportation distances to Brazil, given that 95% of the KCl consumed in the country is imported. 12Mt of K Forte® is equivalent to 2Mt of KCl in K2O content. Emissions avoided are calculated as the difference between the weighted average emissions for KCl suppliers to produce, deliver, and apply their product in each customer's city and the emissions determined according to K Forte®'s Life Cycle Assessment for its production, delivery, and application in each customer's city.3 From 2018 to Q2 2025, the Company has sold 2.3 million tons of Product, which can potentially remove up to 251,734 tons of CO2. Additionally, this amount of Product could potentially avoid up to 63,829 tons of CO2 emissions.4 Verde's Product is a salinity and chloride-free replacement for KCl fertilizers. Potassium chloride is composed of approximately 46% of chloride, which can have biocidal effects when excessively applied to soils. According to Heide Hermary (Effects of some synthetic fertilizers on the soil ecosystem, 2007), applying 1 pound of potassium chloride to the soil is equivalent to applying 1 gallon of Clorox bleach, with regard to killing soil microorganisms. Soil microorganisms play a crucial role in agriculture by capturing and storing carbon in the soil, making a significant contribution to the global fight against climate change.5 1 ton of Product (10% K2O) has 0.1 tons of K2O, which is equivalent to 0.17 tons of potassium chloride (60% K2O), containing 0.08 tons of chloride.6 Source: Lack of Credit Challenges Brazil's Agricultural Inputs Market, AgriBrasilis, July 23, 2025. Available at: Source: Acerto Limited.8 Source: Lavoro Restructures $460 Million Debt to Secure Crop Input Supply, The AgriBiz. Available at: As of June 30, 2025. Source: Brazilian Central Bank10 As of June 30, 2025. Source: Brazilian Central Bank11 Source: J.P. Morgan, COPOM Preview, Latin America Emerging Markets Research, August 5, 2025.12 As of June 30, 2025. Source: Brazilian Central Bank13 'US sanctions could cause chaos on Latam farms run on Russian fertilizers,' Reuters, July 21, 2025. Available at: Verde's production costs and sales price are based on the following assumptions: Micronutrients added to the product increase its production cost, rendering K Forte® less expensive to produce. Production costs vary based on packaging type, with bulk being less expensive than Jumbo Bags. Plant 1 produces K Forte® Jumbo Bags and Low-Carbon Specialty Fertilizer Products, while Plant 2 exclusively produces K Forte® Bulk. Therefore, Plant 2's production costs are lower than Plant 1's costs. 15 Reference rate.16 With the exception of a symbolic monthly payment of R$100,000 from May 2025 onwards.
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30 minutes ago
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Star Equity Holdings, Inc. Declares a Partial Cash Dividend of $0.225 Per Share of 10% Series A Cumulative Perpetual Preferred Stock
The dividend will cover the period through August 21, 2025 OLD GREENWICH, Conn., Aug. 08, 2025 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) ('Star' or the 'Company'), a diversified holding company, announced today that its Board of Directors declared a partial cash dividend to holders of the Company's 10% Series A Cumulative Perpetual Preferred Stock ('Star Preferred Stock') of $0.225 per share. The record date for this dividend is August 21, 2025 and the payment date is September 10, 2025. As previously disclosed, on May 21, 2025, Hudson Global, Inc., a Delaware corporation ('Hudson'), HSON Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Hudson ('Merger Sub'), and the Company, entered into an Agreement and Plan of Merger (the 'Merger Agreement'), pursuant to which, among other matters, and subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement, Merger Sub will merge with and into the Company, with the Company continuing as the surviving corporation of the merger (the 'Merger'), and a wholly owned subsidiary of Hudson. In the Merger, Star stockholders will be entitled to receive 0.23 shares of Hudson common stock, par value $0.001 per share ('Hudson Common Stock'), in exchange for each share of Star common stock, par value $0.0001 per share ('Star Common Stock'), owned by them immediately prior to the Merger, and, one share of Hudson 10.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share ('Hudson Preferred Stock'), in exchange for each share of Star Preferred Stock, owned by them immediately prior to the Merger. Pursuant to the Merger Agreement, no fractional shares will be issued in the Merger. Instead, any holder of Star Common Stock that is otherwise entitled to receive a fractional share of Hudson Common Stock will be entitled to receive from the Exchange Agent under the Merger Agreement, in accordance with the provisions of the Merger Agreement, a cash payment in lieu of such fractional share, representing such holder's proportionate interest, if any, in the proceeds from the sale by the Exchange Agent (reduced by any fees of the Exchange Agent attributable to such sale) in one or more transactions of shares of Hudson Common Stock equal to the excess of (A) the aggregate number of shares of Hudson Common Stock to be delivered to the Exchange Agent by Hudson pursuant to the Merger Agreement over (B) the aggregate number of whole shares of Hudson Common Stock to be distributed to the holders of shares of Star Common Stock pursuant to the Merger Agreement. The dividend will cover the period through August 21, 2025. For periods subsequent to that time, it is anticipated that either the Company will declare another dividend, or if the Merger closes and the Hudson Preferred Stock is issued, then dividends will be paid pursuant to the terms of the Hudson Preferred Stock. About Star Equity Holdings, Equity Holdings, Inc. is a diversified holding company currently composed of three business divisions: Building Solutions, Energy Services, and Investments. Building SolutionsOur Building Solutions division operates in three businesses: (i) modular building manufacturing; (ii) structural wall panel and wood foundation manufacturing, including building supply distribution operations; and (iii) glue-laminated timber (glulam) column, beam, and truss manufacturing. Energy ServicesOur Energy Services division engages in the rental, sale, and repair of downhole tools used in the oil and gas, geothermal, mining, and water-well industries. InvestmentsOur Investments division manages and finances the Company's real estate assets as well as its investment positions in private and public Current Report on Form 8-K and the exhibits filed or furnished herewith contain 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, express or implied statements regarding the structure, timing and completion of the proposed Merger; the combined company's listing on Nasdaq after closing of the proposed Merger; expectations regarding the ownership structure of the combined company; the anticipated timing of Closing; the expected executive officers and directors of the combined company; the future operations of the combined company; the nature, strategy and focus of the combined company; the executive and board structure of the combined company; and other statements that are not historical fact. All statements other than statements of historical fact contained in this Current Report on Form 8-K are forward-looking statements. These forward-looking statements are made as of the date they were first issued, and were based on the then-current expectations, estimates, forecasts, and projections, as well as the beliefs and assumptions of management. There can be no assurance that future developments affecting Star, Hudson, or the proposed transaction will be those that have been anticipated. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Star's control. Star's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to (i) the risk that the conditions to the closing of the proposed Merger are not satisfied, including the failure to timely obtain stockholder approval for the transaction, if at all; (ii) uncertainties as to the timing of the consummation of the proposed Merger and the ability of each of Star and Hudson to consummate the proposed Merger; (iii) risks related to Star's ability to manage its operating expenses and its expenses associated with the proposed Merger pending closing; (iv) risks related to the failure or delay in obtaining required approvals from any governmental or quasi-governmental entity necessary to consummate the proposed Merger; (v) risks related to the market price of Star's common stock relative to the value suggested by the exchange ratio; (vi) unexpected costs, charges or expenses resulting from the transaction; (vii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed Merger; (viii) risks related to the inability of the combined company to success operate as a combined business; and (ix) risks associated with the possible failure to realize certain anticipated benefits of the proposed Merger, including with respect to future financial and operating results, among others. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties. These and other risks and uncertainties are more fully described in periodic filings with the SEC, including the factors described in the section titled 'Risk Factors' in Star's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC, and in other filings that Star makes and will make with the SEC in connection with the proposed Merger, including the Proxy Statement/Prospectus. You should not place undue reliance on these forward-looking statements, which are made only as of the date hereof or as of the dates indicated in the forward-looking statements. Star expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. This Current Report on Form 8-K does not purport to summarize all of the conditions, risks and other attributes of an investment in Star or Hudson, and their respective directors and certain of their executive officers and employees may be considered participants in the solicitation of proxies from Star's stockholders with respect to the proposed merger transaction under the rules of the SEC. Information about the directors and executive officers of Hudson is set forth in its Annual Report on Form 10-K for the year ended December 31, 2024, which was filed with the SEC on March 14, 2025, and in subsequent documents filed with the SEC. Information about Star's directors and officers is available in Star's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 21, 2025, and in subsequent documents filed with the SEC. Additional information has been made available to you regarding the persons who may be deemed participants in the proxy solicitations and their direct and indirect interests (by security holdings or otherwise) in the Merger in a registration statement on Form S-4 (the 'Registration Statement') which was declared effective by the SEC on July 22, 2025, and the joint proxy statement/prospectus of Star and Hudson contained therein (the 'Proxy Statement/Prospectus'), which was disseminated to stockholders beginning on or about July 23, 2025. Instructions on how to obtain free copies of this document and, the Registration Statement and Proxy Statement/Prospectus, are set forth below in the section headed 'Additional Information and Where to Find It'. This Current Report on Form 8-K and the exhibits filed or furnished herewith relate to the proposed merger transaction involving Star and Hudson and may be deemed to be solicitation material in respect of the proposed merger transaction. This Current Report on Form 8-K is not a substitute for the Registration Statement, the Proxy Statement/Prospectus or for any other document that Star or Hudson may file with the SEC and or send to its stockholders in connection with the proposed merger transaction. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF STAR ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT STAR, THE PROPOSED MERGER TRANSACTION AND RELATED Current Report on Form 8-K does not constitute an offer to sell or the solicitation of an offer to buy any securities nor a solicitation of any vote or approval with respect to the proposed transaction or otherwise. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U S. Securities Act of 1933, as amended, and otherwise in accordance with applicable and security holders will be able to obtain free copies of the Registration Statement, the Proxy Statement/Prospectus and other documents filed by Star or Hudson with the SEC through the website maintained by the SEC at Copies of the documents filed by Star with the SEC will also be available free of charge on Star's website at You may obtain free copies of this document as described above. For more information contact: Star Equity Holdings, Inc. The Equity Group Richard K. Coleman Jr. Lena Cati Chief Executive Officer Senior Vice President 203-489-9508 212-836-9611 admin@ lcati@ in to access your portfolio
