Latest news with #10-K
Business Wire
5 days ago
- Business
- Business Wire
Aqua Texas Announces High-Tech Solution to Help Customers Improve Water Conservation
WOODCREEK, Texas--(BUSINESS WIRE)--Aqua Texas announced today two infrastructure improvement projects that aim to further reduce water loss in the region. Advanced Metering Infrastructure (AMI) is a revolutionary digital meter technology that allows customers to track their water usage in near-real-time on their smartphones, tablets, or computers. Customers can also set alerts when they have reached pre-determined limits, which can help quickly identify a potential leak within a home. 'This upgrade is just one of the many tangible ways Aqua is working to meet our goal of conserving water in Wimberley Valley,' said Benton Cripps, Central Texas Area Manager at Aqua Texas. 'Quick access to accurate information not only provides transparency for our customers but also highlights our improved conservation efforts happening throughout the region.' An educational video about the project can be found here: In addition, Aqua Texas has begun phase 2 of a $4 million water main replacement project in Wimberley Valley. The project, as a whole, is replacing more than 25,000 feet of outdated water mains. Phase 2 alone will replace 3,700 feet of water main in the Woodcreek North neighborhood along Ridgewood Circle, at a cost of over $1.3 million. The first 7,000 feet of the project were completed at the end of 2024. Aqua Texas is a subsidiary of Essential Utilities Inc. It currently provides approximately 286,000 people in 53 counties across the Lone Star State with water and wastewater services. To learn more, visit This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others: the anticipated amount of capital investment in 2025. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions; the company's ability to fund needed infrastructure; changes in regulations or regulatory treatment; availability and access to capital; the cost of capital; disruptions in the credit markets; and other factors discussed in our Annual Report on Form 10-K and our Quarterly Report on Form 10-Q, which are filed with the Securities and Exchange Commission. For more information regarding risks and uncertainties associated with Essential Utilities' business, please refer to Essential Utilities' annual, quarterly and other SEC filings. Essential Utilities is not under any obligation—and expressly disclaims any such obligation—to update or alter its forward-looking statements whether as a result of new information, future events or otherwise. WTRGG
Business Wire
5 days ago
- Business
- Business Wire
Laser Photonics Received NASDAQ Notice of Delisting for Failure to Satisfy a Continued Listing Rule or Standard
ORLANDO, Fla.--(BUSINESS WIRE)-- Laser Photonics Corporation ('LPC' or 'the Company') (NASDAQ: LASE), a leading global industrial developer of CleanTech Laser Systems for laser cleaning and other applications, today announced that on May 22, 2025, it received a notice from Nasdaq Listing Qualifications department of the Nasdaq Stock Market LLC ("Nasdaq") stating that since it had not received the Company's Form 10-Q for the period ended March 31, 2025 ('1Q25'), and because the Company remains delinquent in filing its Form 10-K for the period ended December 31, 2024 (the 'Initial Delinquent Filing'), the Company does not comply with Nasdaq's Listing Rules for continued listing. Nasdaq stated that in accordance with its letter dated April 16, 2025, the Company has until June 16, 2025, to submit a plan to regain compliance with respect to these delinquent reports. Nasdaq can grant an exception to allow the Company to regain compliance up to a maximum of 180 calendar days from the due date of the Initial Delinquent Filing, or October 13, 2025. The delays in filing the 10-K for 2024 have caused delays to filing the 10-Q for 1Q25 and are primarily due to LPC's acquisition of certain assets of CMS in November 2024 (the 'November Transaction'), approximately six weeks before the end of LPC's fiscal year, for approximately $1 million out of the bankruptcy proceedings of CMS's former parent company. LPC is actively working with its independent auditor to address outstanding matters and complete the filing of its Form 10-K as quickly as possible. Concurrently, the Company is preparing to file its 10-Q for 1Q25. The key areas under review for the audit are: The audit of CMS's historical revenue recognition practices under prior ownership prior to the November Transaction The determination of a gain associated with the December 31, 2024, valuation of the acquired CMS assets, based on their performance since the November Transaction. About Laser Photonics Corporation Laser Photonics is a vertically integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. Laser Photonics seeks to disrupt the $46 billion, centuries-old sand and abrasives blasting markets, focusing on surface cleaning, rust removal, corrosion control, de-painting and other laser-based industrial applications. As a result, Laser Photonics has gained a reputation as a leader in industrial laser systems with a brand that stands for quality, technology and product innovation. Currently, world-renowned and Fortune 1000 manufacturers in the aviation, automotive, medical, defense, energy, maritime, nuclear and space industries are using Laser Photonics' 'unique-to-industry' systems. For more information, visit Cautionary Note Concerning Forward-Looking Statements This press release contains "forward-looking statements" (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended), including statements regarding the Company's plans, prospects, potential results and use of proceeds. These statements are based on current expectations as of the date of this press release and involve a number of risks and uncertainties, which may cause results and uses of proceeds to differ materially from those indicated by these forward-looking statements. These risks include, without limitation, those described under the caption "Risk Factors" in the Registration Statement. Any reader of this press release is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release except as required by applicable laws or regulations.
Miami Herald
5 days ago
- Business
- Miami Herald
Dollar General suffers major boycott from customers
Last year, Dollar General (DG) began to join a controversial workplace trend that has corporate America up in arms. The discount retail chain fired its chief diversity officer at a time when large retailers such as Lowe's, Tractor Supply, and Harley-Davidson were cutting their diversity, equity, and inclusion policies amid consumer boycott threats. Don't miss the move: Subscribe to TheStreet's free daily newsletter Dollar General then quietly removed language from its 10-K filing in March that stated it was investing in its "diverse teams through development, empowerment and inclusion" as one of its "long-term operating priorities." Related: Dollar General CEO flags alarming shift in customer behavior The move from Dollar General came after President Donald Trump issued an executive order in January dismantling the federal government's DEI programs. In the executive order, he claimed that the programs enforce "illegal and immoral discrimination." In response to Dollar General's recent cuts to DEI, it is now facing a major boycott from consumers, which has started immediately. The boycott is being organized by the Rev. Jamal-Harrison Bryant, a pastor from Atlanta who organized a 40-day Target boycott earlier this year after the retailer scaled back several DEI initiatives. He said that Dollar General "walked away from DEI and has said absolutely nothing," according to a recent report from USA Today. The Dollar General boycott will involve flooding the retail chain's email and phone lines with requests to reinstate and strengthen its DEI initiatives. The protest will also be promoted through a widespread social media campaign. Related: Target CEO admits a major mistake amid boycotts from customers Bryant specifically wants Dollar General to tackle systemic racism within its corporate culture, expand contracts to Black-owned vendors, and create a community reinvestment fund. "Like other corporations, Dollar General has bowed to pressure from the Trump administration and rolled back their diversity, equity, and inclusion initiatives," said Bryant in an interview with USA Today. "Dollar General also needs to be held accountable for failing to invest in the very Black and low-income communities that make up the backbone of their customer base. This isn't just a corporate retreat − it's a betrayal of the people they profit from." He said that he understands that not all consumers may be able to boycott the company's physical stores due to the fact that Dollar General is present in rural communities that represent "food deserts." The Dollar General boycott follows Target's similar experience - it suffered a significant drop in foot traffic shortly after it scaled back its DEI policies in January and faced boycotts as a result. According to recent data from foot traffic in Target stores started to decline during the week of Jan. 27, and the trend continued over the next two months. More Retail: Costco quietly plans to offer a convenient service for customersT-Mobile pulls the plug on generous offer, angering customersKellogg sounds alarm on unexpected shift in customer behavior In February, foot traffic in Target stores shrank by 9% year-over-year. In March, Target's foot traffic showed a slight improvement, but it still declined by 6.50%, compared to the same month last year. When Bryant launched his 40-day boycott of Target in March, he claimed in an interview with CNN that the retailer "turned their back" on the Black community and that Black people deserve "some loyalty, some decency, and some camaraderie," as they spend over $12 million a day. Amid recent boycotts, Target revealed in its first-quarter earnings report for 2025 that its comparable store sales decreased by 3.8% year-over-year. Specifically, the number of transactions in stores dipped by 2.4%, while the average amount of money customers spent per transaction declined by roughly 1.4%. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
7 days ago
- Business
- Yahoo
Super Micro CFO sells nearly $3M in stock
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Super Micro Computer CFO David Weigand sold nearly $3 million in shares last week, representing an offloading of 67,000 shares for $44.02 per share, according to a May 20 securities filing by the AI server maker. Following the sale, Weigand directly owns 88,599 shares of the company, according to a filing with the Securities and Exchange Commission. The sale comes after Weigand, who has served as CFO for the San Jose, California-based technology company since 2021, received over $9 million in total compensation for Super Micro's fiscal year 2024, according to the company's latest proxy filed April 24, including a cash payment of $110,060. The CFO also received an aggregate grant of $440,239 in restricted stock units granted on Feb. 27. The sale also comes after Super Micro announced its plans to 'transition' to a new finance chief in December, following the recommendations of an independent special committee's investigation into its management and audit committee. Weigand is expected to stay on until a successor has been named, according to the December announcement. The investigation occurred after now-defunct short seller Hindenburg Research issued a report on Super Micro last August, which detailed 'glaring accounting red flags,' CFO Dive reported at the time. Following the report, Super Micro, a producer of severs, software and storage systems, delayed the filing of its annual 10-K for 2024 and announced it would be completing an assessment of its internal controls. While the investigation found 'no evidence of misconduct,' by company management, it also flagged several process 'lapses,' and noted the CFO had 'primary responsibility' for such lapses.' Following recommendations from the final report, the company named its then-VP of finance and corporate controller, Kenneth Cheung, to the role of chief accounting officer, and announced it would conduct a search both for a general counsel and chief compliance officer. Weigand, who is designated as both Super Micro's CFO and chief compliance officer according to the company's latest proxy, took on the role of finance chief in February 2021 and has served as its SVP and chief compliance officer beginning in 2018, according to his LinkedIn profile. Prior to joining Supermicro, Weigand served as VP of Tax, SGI at Hewlett Packard Enterprise. Though the AI server company has appointed new directors to its board as well as a new general counsel in recent months following the December report, it has yet to indicate a potential successor for Weigand as CFO. In March, in accordance with its reinstated and amended bylaws, Super Micro increased its number of directors to 10, and appointed Deloitte alum Scott Angel to a director position, according to an SEC filing and press release. Also that month, the AI server maker tapped Yitai Hu to serve as its general counsel and SVP, corporate development. The appointments come as the AI server maker is looking to move past last year's accounting issues. Earlier this month, Super Micro announced a partnership with data center provider DataVolt to build 'hyperscale AI campuses' in the Kingdom of Saudi Arabia, according to a company press release. The centers will utilize Super Micro's cooling solutions, AI and compute servers. However, the technology firm is continuing to face headwinds, with Super Micro lowering its full year guidance for fiscal 2025 in the midst of continued tariff and economic uncertainty, CEO and President Charles Liang said in a statement included in its earnings report. For the quarter ended March 31, Super Micro reported reported net income of $108.7 million compared to $402.4 million in the prior year period, as well as net sales of $4.6 billion compared to $3.8 billion in the prior year period. The company recast its full-year 2025 revenue guidance to a range between $21.8 billion to $22.6 billion, compared to previous guidance between $23.5 billion to $25 billion. Super Micro did not immediately respond to requests for comment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Triller Group Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)
Palm Beach, FL, May 23, 2025 (GLOBE NEWSWIRE) -- Triller Group Inc. ('Triller', 'Triller Group' or 'the Company') today announced that on May 20, 2025, it received a delinquency notification letter from the Listing Qualifications Staff of the Nasdaq Stock Market LLC ('Nasdaq') due to the Company's non-compliance with Nasdaq Listing Rule 5250(c)(1) (the 'Listing Rule') as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2025 (the 'Filing'). The Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the 'SEC'). This Notice has no immediate effect on the listing of the Company's securities on Nasdaq. However, if the Company fails to timely regain compliance with the Rule, the Company's securities will be subject to delisting from Nasdaq. The Notice provides that the Company shall submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rule no later than June 16, 2025. If Nasdaq accepts the Company's plan, then Nasdaq may grant the Company up to 180 calendar days from the Filing's due date, or until October 13, 2025, to regain compliance. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The Company is working diligently to complete its Form 10-Q and 10-K and expects to file its Form 10-Q and 10-K as soon as practicable. About Triller Group Inc. Triller Group Inc. is a technology powerhouse with a portfolio of high-growth businesses poised to break through in the Creator Economy. Triller App is the most creator focused social platform offering discovery, monetization, and ownership. Supported by Triller Platform, it serves as a cutting-edge social media platform designed for creators, offering innovative tools for content creation, marketing, and brand partnerships. It enables creators to connect with fans, monetize their work, and build meaningful relationships with brands. Bare Knuckle Fighting Championship (BKFC) stages live and streaming combat sports events that are rapidly gaining popularity with fans globally. With a focus on exciting matchups and high-energy performances, BKFC has established itself as the fastest-growing combat league in the industry. TrillerTV is Triller Group's premier live streaming platform, showcasing a diverse array of in-house and third-party sports and entertainment content. With its robust infrastructure, TrillerTV is committed to delivering high-quality live events that captivate audiences and drive subscriber growth. Additionally, AGBA serves as a one-stop financial supermarket, providing independent distribution of a wide range of financial products and services. By connecting consumers with essential financial solutions, AGBA enhances Triller Group's ecosystem, making it easier for users to access the tools they need for financial success. Together, these diverse businesses form a unique and integrated ecosystem that positions Triller Group at the forefront of innovation in social media, live entertainment, combat sports, and financial services. For more information about our businesses, visit and Investor & Media Relations: Bethany Laiir@ Breanne Fritchertriller@ Details:Company: @Triller_IR Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the Company and other matters. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements including, without limitation, the timing and filing of the delayed Annual Report on Form 10-K and the Company's ability to regain compliance with applicable Nasdaq rules. In some cases, you can identify forward-looking statements by terms such as 'may,' 'will,' 'should,' 'expects,' 'plans,' 'anticipates,' 'could,' 'intends,' 'targets,' 'projects,' 'contemplates,' 'believes,' 'estimates,' 'predicts,' 'potential' or 'continue' or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including those described in the Company's filings with the SEC, which can be obtained on the SEC website at These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
