Vietnam's CMC gets approval for $250-million hyperscale data centre
The centre has an initial capacity of 30 megawatts, which could be expanded to 120 MW later, the company said in a statement.
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14 minutes ago
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Homerun Resources Inc. Files for Approval of $3 Million Financing; Updates $6 Million Institutional Financing
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that the Company has filed documents with the TSX Venture Exchange (the "Exchange") seeking conditional approval for its $3 million, $1.00 unit ("Unit") private placement financing (the "Financing"). Further, and on receipt of Exchange approval, the Company will close a first tranche for gross proceeds of $1,568,000 and will issue 1,568,000 Units, each Unit consisting of one common share of the Company and one common share purchase warrant (the "Warrants"), the warrants being exercisable for an additional common share of the Company at an exercise price of CA$1.30 for 24 months. The Warrants will be subject to the right of the Company to accelerate the exercise period of the warrants if shares of the company close at or above CA$2 for a period of 10 consecutive trading days. Proceeds from the financing will be used for project payments, continuing development of the Company's projects and general working capital. In connection with the Financing and on receipt of Exchange approval, the Company will pay cash finder's fees of $28,455 and issue 28,455 Non-Transferable Broker Warrants. All securities issued pursuant to the Financing are subject to a four-month and one-day hold period. One insider subscribed to the Financing for $100,000 or 100,000 Units, that portion of the Financing is a "related party transaction" as such term is defined under MI 61-101 – Protection of Minority Security Holders in Special Transactions. The Company is relying on exemptions from the formal valuation requirement of MI-61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves the interested party, is not more than 25% of the Company's market capitalization. UPDATE ON $6M INSTITUTIONAL FINANCING Further to Homerun's News Release of June 16th 2025, announcing the Binding Term Sheet with an institutional investor, the Company is pleased to provide an update that the financing is in final review and closing processes with the Exchange. About Homerun ( Homerun (TSXV: HMR) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines: Homerun Advanced Materials Utilizing Homerun's robust supply of high purity silica sand and quartz silica materials to facilitate domestic and international sales of processed silica through the development of a 120,000 tpy processing plant. Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California – Davis. Homerun Energy Solutions Building Latin America's first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility and pioneering new solar technologies based on years of experience as an industry leader in developing photovoltaic technologies with a specialization in perovskite photovoltaics. European leader in the marketing, distribution and sales of alternative energy solutions into the commercial and industrial segments (B2B). Commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions (hardware and software) for energy capture, energy storage and efficient energy use. 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As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition. On behalf of the Board of Directors of Homerun Resources Inc., "Brian Leeners" Brian Leeners, CEO & Director brianleeners@ / +1 604-862-4184 (WhatsApp) Tyler Muir, Investor Relationsinfo@ / +1 306-690-8886 (WhatsApp) FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements". 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22 minutes ago
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Ovintiv Reports Second Quarter 2025 Financial and Operating Results
Full Year Capital Guidance Lowered; Production Guidance Increased Highlights: Generated cash from operating activities of $1,013 million, Non-GAAP Cash Flow of $913 million and Non-GAAP Free Cash Flow of $392 million after capital expenditures of $521 million Second quarter production was above the guidance range on every product with average total production volumes of 615 thousand barrels of oil equivalent per day ("MBOE/d"), including 211 thousand barrels per day ("Mbbls/d") of oil and condensate, 96 Mbbls/d of other NGLs (C2 to C4) and 1,851 million cubic feet per day ("MMcf/d") of natural gas Reduced Net Debt by $217 million during the quarter to approximately $5.31 billion Returned $223 million to shareholders through the combination of base dividend payments and share buybacks Raised full year production guidance to a range of 600 MBOE/d to 620 MBOE/d, including oil and condensate of 205 Mbbls/d to 209 Mbbls/d and natural gas of 1,825 MMcf/d to 1,875 MMcf/d Full year capital guidance range lowered to $2.125 billion to $2.175 billion, $50 million lower at the midpoint DENVER, July 24, 2025 /CNW/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today announced its second quarter 2025 financial and operating results. The Company plans to hold a conference call and webcast at 8:00 a.m. MT (10:00 a.m. ET) on July 25, 2025. Please see dial-in details within this release, as well as additional details on the Company's website at under Presentations and Events – Ovintiv. "Our second quarter results are a reflection of the quality of the business we have built," said Ovintiv President and CEO, Brendan McCracken. "Strong well performance across our portfolio, the rapid integration of our new Montney assets and enhanced capital efficiency have enabled us to reduce our expected 2025 capital investment and operating costs while increasing our full year production guidance. As a result, assuming commodity prices of $60 WTI and $3.75 NYMEX for the second half of the year, we now expect to generate $1.65 billion of Free Cash Flow, up $150 million from our previous estimate." Second Quarter 2025 Financial and Operating Results The Company recorded net earnings of $307 million, or $1.18 per diluted share of common stock, including net gains on risk management in revenues of $87 million, before tax. Cash from operating activities was $1,013 million, Non-GAAP Cash Flow was $913 million, and capital investment totaled approximately $521 million, resulting in $392 million of Non-GAAP Free Cash Flow. Second quarter average total production volumes were approximately 615 MBOE/d, including 211 Mbbls/d of oil and condensate, 96 Mbbls/d of other NGLs (C2 to C4) and 1,851 MMcf/d of natural gas. Upstream operating expense was $3.84 per barrel of oil equivalent ("BOE"). Upstream transportation and processing costs were $7.62 per BOE. Production, mineral and other taxes were $1.31 per BOE, or 4.1% of upstream revenue. These costs were below the midpoint of guidance on a combined basis. Excluding the impact of hedges, second quarter average realized prices were $63.28 per barrel for oil and condensate (99% of WTI), $18.28 per barrel for other NGLs (C2 to C4) and $2.24 per thousand cubic feet ("Mcf") for natural gas (65% of NYMEX) resulting in a total average realized price of $31.32 per BOE. Including the impact of hedges, the average realized prices for oil and condensate was $63.77 (100% of WTI), the average realized price for other NGLs (C2 to C4) was unchanged, and the average realized price for natural gas was $2.38 per Mcf (69% of NYMEX) resulting in a total average realized price of $31.91 per BOE. GuidanceThe Company issued its third quarter 2025 guidance and increased its full year production guidance while reducing expected capital investment. Full year production volumes are now expected to average 600 to 620 MBOE/d, with full year expected capital investment of $2.125 billion to $2.175 billion. 3Q 2025EPrior Full Year 2025EUpdated Full Year 2025E Total Production (MBOE/d)610 – 630 595 – 615600 – 620 Oil & Condensate (Mbbls/d) 202 – 208202 – 208205 – 209 NGLs (C2 - C4) (Mbbls/d)94 – 9887 – 9293 – 96 Natural Gas (MMcf/d)1,875 – 1,9251,825 – 1,8751,825 – 1,875 Capital Investment (Millions) $525 – $575$2,150 – $2,250$2,125 – $2,175 Returns to ShareholdersOvintiv remains committed to its capital allocation framework, which is expected to return at least 50% of post base dividend Non-GAAP Free Cash Flow to shareholders through buybacks and/or variable dividends. In the second quarter, the Company purchased for cancellation, approximately 4.1 million shares of common stock for consideration of approximately $146 million and paid dividends of $0.30 per share of common stock totaling $77 million. Share buybacks in the third quarter are expected to total approximately $158 million. Continued Balance Sheet FocusOvintiv had approximately $3.2 billion in total liquidity as of June 30, 2025, which included available credit facilities of $3,350 million, available uncommitted demand lines of $132 million, and cash and cash equivalents of $20 million, net of outstanding commercial paper of $331 million. Ovintiv reported Debt to EBITDA of 1.6 times and Non-GAAP Debt to Adjusted EBITDA of 1.2 times. The Company remains committed to maintaining a strong balance sheet and is currently rated investment grade by four credit rating agencies. Ovintiv maintains a long-term leverage target of 1.0 times Non-GAAP Debt to Adjusted EBITDA at mid-cycle prices, with an associated long-term total debt target of $4.0 billion. Dividend DeclaredOn July 24, 2025, Ovintiv's Board declared a quarterly dividend of $0.30 per share of common stock payable on September 29, 2025, to shareholders of record as of September 15, 2025. Asset Highlights PermianPermian production averaged 215 MBOE/d (80% liquids) in the second quarter. The Company had 23 net wells turned in line ("TIL"). Full year capital investment in the play is expected to total approximately $1.20 billion to $1.25 billion to bring on 130 to 140 net wells. Montney Montney production averaged 300 MBOE/d (26% liquids) in the second quarter. The Company had 39 net wells TIL. Full year capital investment in the play is expected to total approximately $575 million to $625 million to bring on 75 to 85 net wells. AnadarkoAnadarko production averaged 100 MBOE/d (59% liquids) in the second quarter. The Company had 11 net wells TIL. Full year capital investment in the play is expected to total approximately $290 million to $310 million to bring on 25 to 35 net wells. For additional information on the Company's quarterly results, please refer to the Second Quarter 2025 Results Presentation available on Ovintiv's website, under Presentations and Events – Ovintiv. Supplemental Information, and Non-GAAP Definitions and Reconciliations, are available on Ovintiv's website under Financial Documents Library. Conference Call InformationA conference call and webcast to discuss the Company's second quarter results will be held at 8:00 a.m. MT (10:00 a.m. ET) on July 25, 2025. To join the conference call without operator assistance, you may register and enter your phone number at to receive an instant automated call back. You can also dial direct to be entered to the call by an Operator. Please dial 888-510-2154 (toll-free in North America) or 437-900-0527 (international) approximately 15 minutes prior to the call. The live audio webcast of the conference call, including slides and financial statements, will be available on Ovintiv's website, under Investors/Presentations and Events. The webcast will be archived for approximately 90 days. Refer to Note 1 Non-GAAP measures and the tables in this release for reconciliation to comparable GAAP financial measures. Capital Investment and Production (for the period ended June 30) 2Q 2025 2Q 2024 Capital Expenditures (1) ($ millions) 521 622 Oil (Mbbls/d) 142.0 167.3 NGLs – Plant Condensate (Mbbls/d) 69.2 44.6 Oil & Plant Condensate (Mbbls/d) 211.2 211.9 NGLs – Other (Mbbls/d) 95.5 92.0 Total Liquids (Mbbls/d) 306.7 303.9 Natural gas (MMcf/d) 1,851 1,740 Total production (MBOE/d) 615.3 593.8 (1) Including capitalized directly attributable internal costs. Second Quarter Financial Summary (for the period ended June 30) ($ millions) 2Q 2025 2Q 2024 Cash From (Used In) Operating Activities Deduct (Add Back): Net change in other assets and liabilities Net change in non-cash working capital 1,013 (11) 111 1,020 (42) 37 Non-GAAP Cash Flow (1) 913 1,025Non-GAAP Cash Flow (1) 913 1,025 Less: Capital Expenditures (2) 521 622 Non-GAAP Free Cash Flow (1) 392 403Net Earnings (Loss) Before Income Tax Before-tax (Addition) Deduction: Unrealized gain (loss) on risk management Non-operating foreign exchange gain (loss) 399 54 (3) 466 8 11 Adjusted Earnings (Loss) Before Income Tax Income tax expense (recovery) 348 83 447 116 Non-GAAP Adjusted Earnings (1) 265 331 (1) Non-GAAP Cash Flow, Non-GAAP Free Cash Flow and Non-GAAP Adjusted Earnings are non-GAAP measures as defined in Note 1. (2) Including capitalized directly attributable internal costs. Realized Pricing Summary (Including the impact of realized gains (losses) on risk management) (for the period ended June 30) 2Q 2025 2Q 2024 Liquids ($/bbl) WTI 63.74 80.57 Realized Liquids Prices Oil 65.23 76.58 NGLs – Plant Condensate 60.79 71.66 Oil & Plant Condensate 63.77 75.55 NGLs – Other 18.28 18.47 Total NGLs 36.14 35.82Natural Gas NYMEX ($/MMBtu) 3.44 1.89 Realized Natural Gas Price ($/Mcf) 2.38 1.86 Cost Summary (for the period ended June 30) ($/BOE) 2Q 2025 2Q 2024 Production, mineral and other taxes 1.31 1.65 Upstream transportation and processing 7.62 7.15 Upstream operating 3.84 4.29 Administrative, excluding long-term incentive, restructuring and legal costs 1.19 1.28 Debt to EBITDA (1) ($ millions, except as indicated) June 30, 2025 December 31, 2024 Long-Term Debt, including Current Portion 5,333 5,453Net Earnings (Loss) 595 1,125 Add back (Deduct): Depreciation, depletion and amortization 2,245 2,290 Interest 401 412 Income tax expense (recovery) 68 226 EBITDA 3,309 4,053 Debt to EBITDA (times) 1.6 1.3 1) Debt to EBITDA is a non-GAAP measure as defined in Note 1. Debt to Adjusted EBITDA (1) ($ millions, except as indicated) June 30, 2025 December 31, 2024 Long-Term Debt, including Current Portion 5,333 5,453Net Earnings (Loss) 595 1,125 Add back (Deduct): Depreciation, depletion and amortization Impairments 2,245 1,180 2,290 450 Accretion of asset retirement obligation 24 19 Interest 401 412 Unrealized (gains) losses on risk management 36 136 Foreign exchange (gain) loss, net 51 (19) Other (gains) losses, net (164) (165) Income tax expense (recovery) 68 226 Adjusted EBITDA 4,436 4,474 Debt to Adjusted EBITDA (times) 1.2 1.2 1) Debt to Adjusted EBITDA is a non-GAAP measure as defined in Note 1. Hedge Details as of June 30, 2025 Oil and Condensate Hedges ($/bbl) 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 4Q 2026 2027 2028 WTI 3-Way OptionsCall Strike Put Strike Sold Put Strike 50 Mbbls/d $80.59 $65.00 $50.00 50 Mbbls/d $76.57 $65.00 $50.00 45 Mbbls/d $72.32 $62.01 $51.67 25 Mbbls/d $70.68 $62.42 $52.00 0 - - - 0 - - - 0 - - - 0 - - - Natural Gas Hedges ($/Mcf) 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 4Q 2026 2027 2028 NYMEX 3-Way OptionsCall Strike Put Strike Sold Put Strike 500 MMcf/d $4.47 $3.00 $2.25 500 MMcf/d $4.47 $3.00 $2.25 500 MMcf/d $7.95 $3.33 $2.70 450 MMcf/d $5.92 $3.33 $2.58 450 MMcf/d $5.92 $3.33 $2.58 450 MMcf/d $5.92 $3.33 $2.58 0 - - - 0 - - - AECO Nominal Basis Swaps 190 MMcf/d ($1.08) 190 MMcf/d ($1.08) 0 - 0 - 0 - 0 - 20 MMcf/d ($1.38) 20 MMcf/d ($1.38) AECO % of NYMEX Swaps 100 MMcf/d 72% 100 MMcf/d 72% 0 - 0 - 0 - 0 - 0 - 0 - AECO Fixed Price Swaps 0 - 0 - 50 MMcf/d $2.35 50 MMcf/d $2.35 50 MMcf/d $2.35 50 MMcf/d $2.35 0 - 0 - Important informationOvintiv reports in U.S. dollars unless otherwise noted. Production, sales and reserves estimates are reported on an after-royalties basis, unless otherwise noted. Unless otherwise specified or the context otherwise requires, references to "Ovintiv," "we," "its," "our" or to "the Company" includes reference to subsidiaries of and partnership interests held by Ovintiv Inc. and its subsidiaries. Please visit Ovintiv's website and Investor Relations page at and where Ovintiv often discloses important information about the Company, its business, and its results of operations. NI 51-101 ExemptionThe Canadian securities regulatory authorities have issued a decision document (the "Decision") granting Ovintiv exemptive relief from the requirements contained in Canada's National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). As a result of the Decision, and provided that certain conditions set out in the Decision are met on an on-going basis, Ovintiv will not be required to comply with the Canadian requirements of NI 51-101 and the Canadian Oil and Gas Evaluation Handbook. The Decision permits Ovintiv to provide disclosure in respect of its oil and gas activities in the form permitted by, and in accordance with, the legal requirements imposed by the U.S. Securities and Exchange Commission ("SEC"), the Securities Act of 1933, the Securities and Exchange Act of 1934, the Sarbanes-Oxley Act of 2002 and the rules of the NYSE. The Decision also provides that Ovintiv is required to file all such oil and gas disclosures with the Canadian securities regulatory authorities on as soon as practicable after such disclosure is filed with the SEC. NOTE 1: Non-GAAP Measures Certain measures in this news release do not have any standardized meaning as prescribed by U.S. GAAP and, therefore, are considered non-GAAP measures. These measures may not be comparable to similar measures presented by other companies and should not be viewed as a substitute for measures reported under U.S. GAAP. These measures are commonly used in the oil and gas industry and/or by Ovintiv to provide shareholders and potential investors with additional information regarding the Company's liquidity and its ability to generate funds to finance its operations. For additional information regarding non-GAAP measures, see the Company's website. This news release contains references to non-GAAP measures as follows: Non-GAAP Cash Flow is a non-GAAP measure defined as cash from (used in) operating activities excluding net change in other assets and liabilities, and net change in non-cash working capital. Non-GAAP Free Cash Flow is a non-GAAP measure defined as Non-GAAP Cash Flow in excess of capital expenditures, excluding net acquisitions and divestitures. Forecasted Non-GAAP Free Cash Flow assumes forecasted Non-GAAP Cash Flow based on price assumptions of $60 WTI and $3.75 NYMEX and utilizes the midpoint of the production and capital guidance. Due to its forward-looking nature, management cannot reliably predict certain of the necessary components of the most directly comparable forward-looking GAAP measure, such as changes in operating assets and liabilities. Accordingly, Ovintiv is unable to present a quantitative reconciliation of such forward-looking non-GAAP financial measure to its most directly comparable forward-looking GAAP financial measure. Amounts excluded from this non-GAAP measure in future periods could be significant. Non-GAAP Adjusted Earnings is a non-GAAP measure defined as net earnings (loss) excluding non-cash items that the Company's management believes reduces the comparability of the Company's financial performance between periods. These items may include, but are not limited to, unrealized gains/losses on risk management, impairments, non-operating foreign exchange gains/losses, and gains/losses on divestitures. Income taxes includes adjustments to normalize the effect of income taxes calculated using the estimated annual effective income tax rate. In addition, any valuation allowances are excluded in the calculation of income taxes. Adjusted EBITDA, Debt to EBITDA and Debt to Adjusted EBITDA (Leverage Target/Ratio) are non-GAAP measures. EBITDA is defined as trailing 12-month net earnings (loss) before income taxes, depreciation, depletion and amortization, and interest. Adjusted EBITDA is EBITDA adjusted for impairments, accretion of asset retirement obligation, unrealized gains/losses on risk management, foreign exchange gains/losses, gains/losses on divestitures and other gains/losses. Debt to EBITDA is calculated as long-term debt, including the current portion, divided by EBITDA. Debt to Adjusted EBITDA is calculated as long-term debt, including the current portion, divided by Adjusted EBITDA. Adjusted EBITDA, Debt to EBITDA and Debt to Adjusted EBITDA are non-GAAP measures monitored by management as indicators of the Company's overall financial strength. Net Debt is a non-GAAP measure defined as long-term debt, including the current portion, less cash and cash equivalents. ADVISORY REGARDING OIL AND GAS INFORMATION – The conversion of natural gas volumes to barrels of oil equivalent (BOE) is on the basis of six thousand cubic feet to one barrel. BOE is based on a generic energy equivalency conversion method primarily applicable at the burner tip and does not represent economic value equivalency at the wellhead. Readers are cautioned that BOE may be misleading, particularly if used in isolation. ADVISORY REGARDING FORWARD-LOOKING STATEMENTS – This news release contains forward-looking statements or information (collectively, "forward-looking statements") within the meaning of applicable securities legislation, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, except for statements of historical fact, that relate to the anticipated future activities, plans, strategies, objectives or expectations of the Company, including second quarter and fiscal year 2025 guidance and expected free cash flow, the expectation of delivering sustainable durable returns to shareholders in future years, plans regarding capital allocation, share buybacks and debt reduction, the ability of the Company to timely achieve its stated environmental, social and governance goals, targets and initiatives, the anticipated timing of bringing wells online, and the ability to achieve targeted per well cost reduction synergies, are forward-looking statements. When used in this news release, the use of words and phrases including "anticipates," "believes," "continue," "could," "estimates," "expects," "focused on," "forecast," "guidance," "intends," "maintain," "may," "on track", "opportunities," "outlook," "plans," "potential," "strategy," "targets," "will," "would" and other similar terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words or phrases. Readers are cautioned against unduly relying on forward-looking statements which, are based on current expectations and by their nature, involve numerous assumptions that are subject to both known and unknown risks and uncertainties (many of which are beyond our control) that may cause such statements not to occur, or actual results to differ materially and/or adversely from those expressed or implied. These assumptions include, without limitation: future commodity prices and basis differentials; the Company's ability to successfully integrate the Montney assets; the ability of the Company to access credit facilities and capital markets; the availability of attractive commodity or financial hedges and the enforceability of risk management programs; the Company's ability to capture and maintain gains in productivity and efficiency; the ability for the Company to generate cash returns and execute on its share buyback plan; expectations of plans, strategies and objectives of the Company, including anticipated production volumes and capital investment; the Company's ability to manage cost inflation and expected cost structures, including expected operating, transportation, processing and labor expenses; the outlook of the oil and natural gas industry generally, including impacts from changes to the geopolitical environment; the impact of changes in federal, state, provincial, local and tribal laws, rules and regulations, including the impact of changes in trade policies and tariffs; and projections made in light of, and generally consistent with, the Company's historical experience and its perception of historical industry trends; and the other assumptions contained herein. Although the Company believes the expectations represented by its forward-looking statements are reasonable based on the information available to it as of the date such statements are made, forward-looking statements are only predictions and statements of our current beliefs and there can be no assurance that such expectations will prove to be correct. All forward-looking statements contained in this news release are made as of the date of this news release and, except as required by law, the Company undertakes no obligation to update publicly; revise or keep current any forward-looking statements. The forward-looking statements contained or incorporated by reference in this news release, and all subsequent forward-looking statements attributable to the Company, whether written or oral, are expressly qualified by these cautionary statements. The reader should carefully read the risk factors described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and in other filings with the SEC or Canadian securities regulators, for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements. Further information on Ovintiv Inc. is available on the Company's website, or by contacting: Investor contact: (888) 525-0304 Media contact: (403) 645-2252 View original content to download multimedia: SOURCE Ovintiv Inc. View original content to download multimedia: Sign in to access your portfolio
Business Wire
an hour ago
- Business Wire
Know Labs, Inc. Announces Adjournment of Special Meeting of Stockholders
SEATTLE--(BUSINESS WIRE)-- Know Labs, Inc. (NYSE American: KNW (' Know Labs ' or the ' Company '), a technology innovator specializing in non-invasive health monitoring solutions, today announced that it has adjourned its Special Meeting of Stockholders (the 'Special Meeting') scheduled for July 24, 2025 in order to provide stockholders additional time to vote on all proposals described in the Company's definitive proxy statement for the Special Meeting, filed with the Securities and Exchange Commission on June 30, 2025. The Special Meeting will be reconvened at 1:30 p.m. Pacific Time on Thursday, July 31, 2025 at the following url: The record date for the reconvened Special Meeting remains June 20, 2025. The Company's Board of Directors recommends any stockholders as of the record date of June 20, 2025, who have not yet voted their shares for the Special Meeting, to cast their vote 'FOR' each proposal, now. Stockholders who have already cast their votes do not need to take any action, unless they wish to change or revoke their prior proxy or voting instructions, and their votes will be counted at the reconvened Special Meeting. For stockholders who have not yet cast their votes, we urge them to vote their shares now, so they can be tabulated prior to the reconvened Special Meeting. You may vote: over the Internet ( or by telephone (1-800-690-6903); or by following the instructions provided in the Notice received on or after July 1, 2025. Deadline to vote (if not voting at the meeting): Internet and telephone voting facilities for stockholders of record will close at 11:59 p.m., Eastern time, on July 30, 2025. About Know Labs, Inc. Know Labs, Inc. is a public company whose common shares trade on the NYSE American Exchange under the stock symbol 'KNW.' The Company's platform technology uses spectroscopy to direct electromagnetic energy through a substance or material to capture a unique molecular signature. The technology can be integrated into a variety of wearable, mobile or bench-top form factors. This patented and patent-pending technology makes it possible to effectively identify and monitor analytes that could only previously be performed by invasive and/or expensive and time-consuming lab-based tests. The first application of the technology will be in a product marketed as a non-invasive glucose monitor. The device will provide the user with accessible and affordable real-time information on blood glucose levels. This product will require U.S. Food and Drug Administration clearance prior to its introduction to the market. Other products, based upon the Company's technology may not require such FDA approval. No Offer or Solicitation This communication is for informational purposes only and is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Forward Looking Statements This release contains 'forward-looking statements' within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements can be identified by words such as: 'anticipate,' 'intend,' 'plan,' 'believe,' 'project,' 'estimate,' 'expect,' strategy,' 'future,' 'likely,' 'may,', 'should,' 'will' and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the current intent, beliefs, expectations and assumptions of the Company, its directors or its officers regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of its control. The Company's actual results and financial condition may differ materially from those indicated in the forward-looking statements. No forward-looking statement is a guarantee of future performance. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the Company's actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of Bitcoin and any associated impairment charges that the Company may incur as a result of a decrease in the market price of Bitcoin below the value at which the Company's Bitcoin are carried on its balance sheet; (ii) the effect of and uncertainties related the ongoing volatility in interest rates; (iii) the Company's ability to achieve and maintain profitability in the future; (iv) the timing to consummate the proposed transaction; (v) the risk that a condition of closing of the proposed transaction may not be satisfied or that the closing of the proposed transaction might otherwise not occur; (vi) the impact of the regulatory environment on the Company's business and complexities with compliance related to such environment including changes in securities laws or other laws or regulations; (vii) changes in the accounting treatment relating to the Company's Bitcoin holdings; (viii) the Company's ability to respond to general economic conditions; (ix) the Company's ability to manage its growth effectively and its expectations regarding the development and expansion of its business; (x) the Company's ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth; and (xi) other risks and uncertainties more fully in the section captioned 'Risk Factors' in the Company's most recent Annual Report on Form 10-K for the fiscal year ended September 30, 2024, Forms 10-Q and 8-K, and other reports file with the SEC from time to time. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are only made as of this date, and the Company undertakes no duty to update such information after the date of this announcement except as required under applicable law.
