Fidelity Investments Canada ULC Announces Cash Distributions for Certain Fidelity ETFs and ETF Series of Fidelity Mutual Funds
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Globe and Mail
30 minutes ago
- Globe and Mail
Correction: iSpecimen Inc. Announces Closing of $4 Million Underwritten Offering
WOBURN, Mass., July 28, 2025 (GLOBE NEWSWIRE) -- This press release corrects a version issued on July 25, 2025 that incorrectly listed KCSA Strategic Communications as iSpecimen's investor relations contact. KCSA is not currently affiliated with iSpecimen Inc. and was mistakenly included in the prior release. The corrected release is below in its entirety. iSpecimen Inc. (Nasdaq: ISPC) ('iSpecimen' or the 'Company'), an online global marketplace that connects scientists requiring biospecimens for medical research with a network of healthcare specimen providers, announced on July 25, 2025 the closing of its previously announced underwritten public offering of 5,714,283 shares of its common stock (or pre-funded warrants to purchase common stock in lieu thereof) at a public offering price of $0.70 per share (the 'Offering'). The aggregate gross proceeds to the Company from the Offering was approximately $4 million, before deducting underwriting discounts and commissions and other offering expenses. The Company intends to use the net proceeds from the Offering to pay $1,500,000 for marketing and advertising services to be provided by IR Agency LLC, $1,000,000 to fund the initial milestone payment under a definitive agreement with Sales Stack Solutions Corp., and the remainder for working capital and general corporate purposes. The Offering was conducted on a firm commitment basis. WestPark Capital, Inc. acted as the Sole Book-Runner in connection with the Offering. The securities described above are being offered pursuant to a registration statement on Form S-1 (File No. 333-286958), which was declared effective by the Securities and Exchange Commission (the 'SEC') on July 23, 2025. The Offering is being made only by means of a written prospectus that forms a part of the registration statement. A final prospectus relating to the Offering has been filed with the SEC. Copies of the final prospectus relating to the Offering may be obtained from WestPark Capital, Inc., 1800 Century Park East, Suite 220, Los Angeles, CA 90077, tel: 310-203-2919, e-mail: jstern@ and are available on the SEC's website. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About iSpecimen iSpecimen (Nasdaq: ISPC) offers an online marketplace for human biospecimens, connecting scientists in commercial and non-profit organizations with healthcare providers that have access to patients and specimens needed for medical discovery. Proprietary, cloud-based technology enables scientists to intuitively search for specimens and patients across a federated partner network of hospitals, labs, biobanks, blood centers and other healthcare organizations. For more information, please visit Safe Harbor Statement Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 'forward-looking statements.' These statements include, but are not limited to, statements concerning the development of our company. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'may,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'target,' 'will,' 'would' and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The reader is cautioned not to rely on such forward-looking statements. Such forward-looking statements relate to future events or our future performance. In evaluating these forward-looking statements, you should consider various factors, including the uncertainty regarding future commercial success; risks and uncertainties associated with market conditions and the Company's ability to satisfy the closing conditions related to the Offering. These and other factors may cause our actual results to differ materially from any forward-looking statements. Forward-looking statements are only predictions and actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the 'Risk Factors' section of the Company's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on April 14, 2025, as well as other SEC filings. Any forward-looking statements contained in this press release speak only as of the date hereof and, except as required by federal securities laws, iSpecimen specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
CTV News
30 minutes ago
- CTV News
Trucking firm TFI sees second-quarter profit dip as market weakness persists
A Canada Border Services officer looks over at a truck as it waits to be inspected at the Highway 55 Port of Entry in Stanstead, Que., Thursday, March 13, 2025. THE CANADIAN PRESS/Christinne Muschi TFI International Inc. has reported a drop in second-quarter profit as weak demand took a toll on the volume of goods it hauls. Canada's largest trucking firm reported net income of US$98.2 million for the three months ended June 30, down from US$115.7 million a year earlier. That amounted to earnings of US$1.17 per diluted share, a decrease from US$1.36 during the same 2024 period. Revenue was US$2.04 billion versus US$2.26 billion in the prior-year quarter. Montreal-based TFI says the decrease was mainly due to reduced volumes driven by weaker end-market demand. Chief executive Alain Bédard says the company was able to perform despite still-subdued market conditions and he's pleased that during the quarter TFI was able to pay a dividend and buy back shares. This report by The Canadian Press was first published July 28, 2025.
CBC
30 minutes ago
- CBC
Toronto to get $80M for affordable housing in Bedford Park from federal government
Social Sharing The federal government is spending over $80 million to build 159 new rental homes in Toronto's Bedford Park neighbourhood. Housing Minister Gregor Robertson announced the funding at a news conference Monday, saying the financing comes from the government's Apartment Construction Loan Program (ACLP), which aims to support construction of more than 131,000 rental homes across Canada by 2031-32. "Our goal will double the rate of home building in Canada with an industry that prioritizes Canadian technology, Canadian skilled workers, and Canadian lumber," Robertson said. The minister added that the cost of construction and of land in cities like Toronto, paired with no incentives to build rental housing, had "flatlined" the market. Funding under ACLP focuses on building affordable housing units for lower-income families under the National Housing Strategy, which is a more than decade-long project to build new homes across the country, the Canada Mortgage and Housing Corporation (CMHC) said in a news release Monday. The incentives offered by the ACLP program are expected to boost building of affordable homes, Robertson said. Federal government loans $650M for rental units near Scarborough Town Centre 12 days ago The federal government is providing a $650-million loan to support the construction of 1,285 new rental units in Scarborough. As CBC's Britnei Bilhete explains, advocates say it's a welcome addition to Toronto's housing stock but affordability is a major concern. The 159 new homes will be in a nine-storey building expected to be built by fall 2027, CMHC said in the news release. 'The kind of housing Toronto needs': developer Just over a quarter of the new units, roughly 43, will be built for people who fall below Toronto's median household income. According to CMHC, that was $85,000 after taxes in 2021. The building is close to public transit and a "vibrant" community with bakeries, shops and restaurants, CMHC said. Loans through ACLP are low-interest and no longer include minimum requirements relating to energy efficiency, the CMHC release said. Such programs are "essential" because they allow builders to include affordable rental units in an economically feasible manner, said Scott Cryer, chief financial officer of Medallion, the real estate and development corporation that will build the rentals. Cryer is also the rental operator for the new building. "This is the kind of housing Toronto needs right now, high quality, mixed-income rental housing, and we plan to build more of it in Toronto," Cryer said. 'More opportunity … to find homes' Medallion says it has built over 5,300 units in Ontario over the past two decades. WATCH | What you need to know about Kensington Market's new affordable housing project: What you need to know about Kensington Market's new affordable housing project 2 months ago The financing from the federal government will provide affordable housing for decades and simultaneously create more jobs for people, Vince Gasparro, MP for Eglinton—Lawrence, said at the Monday news conference. "The increase in housing supply means more opportunity for my constituents to find homes that meet their needs," Gasparro said. The federal government has spent around $23 billion through the ACLP to support more than 59,000 rental units as of March 2025. It's expecting to spend $55 billion total by the end of 2032, CMHC said in the news release.
