Latest news with #European-based
Yahoo
2 days ago
- Business
- Yahoo
Captor Capital Corp. Drives Strategic Expansion with US$500,000 Bitcoin Acquisition and US$450,000 Convertible Loan Note from European Institutional Investor
TORONTO, May 27, 2025 (GLOBE NEWSWIRE) -- Captor Capital Corp. ('Captor' or the 'Company') (CSE: CPTR) is excited to announce a significant milestone in its growth strategy with the acquisition of US$500,000 in Bitcoin for treasury holdings and the issuance of unsecured convertible loan notes (the 'Notes') in the aggregate amount of US$450,000 to a European-based institutional investor (the 'Noteholder'). These strategic moves reinforce Captor's commitment to innovative financial strategies and delivering exceptional value to its shareholders. The Notes will be convertible into common shares in the capital of Captor (the 'Common Shares') at a price equal to the closing price of the Common Shares trading on the Canadian Securities Exchange (the 'CSE') on the day immediately before the earlier of May 27, 2026 (the 'Maturity Date') or the conversion of the Notes. Key Highlights of the Convertible Loan Note Agreement: Cost-Effective Capital: The Notes, maturing on the Maturity Date, are unsecured and bear interest at a rate of 6.5%, providing Captor with flexible, low-cost capital to support its ambitious growth plans. Flexible Conversion Terms: The Notes may convert into Common Shares under the following conditions: Upon a qualified equity fundraising of US$10 million or more. Following a share sale resulting in a change of control. Prior to the Maturity Date with the consent of the Company. On the Maturity Date, if no prior conversion event occurs and with the consent of the Company. Controlled Transferability: The Notes are transferable only with Captor's written consent and in minimum denominations of US$1,000, ensuring structured and secure transactions. The Notes are not listed on any stock exchange, including the CSE, and no application for listing is currently planned, ensuring a focused and efficient investment structure. Strategic Use of Proceeds The proceeds from the Notes will bolster Captor's general working capital and fuel its dynamic investment strategies, enabling the Company to drive sustainable growth across its diversified portfolio. Leadership Perspective John Zorbas, Director of Captor, commented: 'We are thrilled to partner with a leading institutional investor in this financing. This agreement provides us with the financial flexibility to execute our strategic vision. Combined with our recent Bitcoin acquisition, Captor is well-positioned to capitalize on emerging opportunities and deliver long-term value to our shareholders.' About Captor Capital Corp. Captor Capital Corp. is a forward-thinking Canadian investment firm dedicated to creating shareholder value through strategic financing and high-impact partnerships. By leveraging innovative investment opportunities, including digital assets like Bitcoin, Captor is building a diversified portfolio designed for growth. For Further Information, Please Contact:John Zorbas, DirectorEmail: info@ (416) 827-5109 Forward-Looking Information This press release includes certain 'forward-looking information' within the meaning of applicable Canadian securities legislation. All statements herein, other than statements of historical fact, constitute forward-looking information. Forward-looking information is frequently, but not always, identified by words such as 'expects', 'anticipates', 'believes', 'intends', 'estimates', 'potential', 'possible', and similar expressions, or statements that events, conditions, or results 'will', 'may', 'could', or 'should' occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements regarding the issuance, conversion and terms of the Notes; the intended use of proceeds; the Company's aim to provide to investors the potential for significant equity upside; the Company's ability to seize high-potential opportunities and drive sustainable growth across its portfolio; and the Company's vision and business and investment strategies. Forward-looking information reflects the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, without limitation, the Company's ability execute on its vision and business and investment plans; growth and development of decentralized finance and the digital asset sector; rules and regulations with respect to decentralized finance and digital assets; and general business, economic, competitive, political and social uncertainties. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on the forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities 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
2 days ago
- Business
- Yahoo
Captor Capital Corp. Drives Strategic Expansion with US$500,000 Bitcoin Acquisition and US$450,000 Convertible Loan Note from European Institutional Investor
TORONTO, May 27, 2025 (GLOBE NEWSWIRE) -- Captor Capital Corp. ('Captor' or the 'Company') (CSE: CPTR) is excited to announce a significant milestone in its growth strategy with the acquisition of US$500,000 in Bitcoin for treasury holdings and the issuance of unsecured convertible loan notes (the 'Notes') in the aggregate amount of US$450,000 to a European-based institutional investor (the 'Noteholder'). These strategic moves reinforce Captor's commitment to innovative financial strategies and delivering exceptional value to its shareholders. The Notes will be convertible into common shares in the capital of Captor (the 'Common Shares') at a price equal to the closing price of the Common Shares trading on the Canadian Securities Exchange (the 'CSE') on the day immediately before the earlier of May 27, 2026 (the 'Maturity Date') or the conversion of the Notes. Key Highlights of the Convertible Loan Note Agreement: Cost-Effective Capital: The Notes, maturing on the Maturity Date, are unsecured and bear interest at a rate of 6.5%, providing Captor with flexible, low-cost capital to support its ambitious growth plans. Flexible Conversion Terms: The Notes may convert into Common Shares under the following conditions: Upon a qualified equity fundraising of US$10 million or more. Following a share sale resulting in a change of control. Prior to the Maturity Date with the consent of the Company. On the Maturity Date, if no prior conversion event occurs and with the consent of the Company. Controlled Transferability: The Notes are transferable only with Captor's written consent and in minimum denominations of US$1,000, ensuring structured and secure transactions. The Notes are not listed on any stock exchange, including the CSE, and no application for listing is currently planned, ensuring a focused and efficient investment structure. Strategic Use of Proceeds The proceeds from the Notes will bolster Captor's general working capital and fuel its dynamic investment strategies, enabling the Company to drive sustainable growth across its diversified portfolio. Leadership Perspective John Zorbas, Director of Captor, commented: 'We are thrilled to partner with a leading institutional investor in this financing. This agreement provides us with the financial flexibility to execute our strategic vision. Combined with our recent Bitcoin acquisition, Captor is well-positioned to capitalize on emerging opportunities and deliver long-term value to our shareholders.' About Captor Capital Corp. Captor Capital Corp. is a forward-thinking Canadian investment firm dedicated to creating shareholder value through strategic financing and high-impact partnerships. By leveraging innovative investment opportunities, including digital assets like Bitcoin, Captor is building a diversified portfolio designed for growth. For Further Information, Please Contact:John Zorbas, DirectorEmail: info@ (416) 827-5109 Forward-Looking Information This press release includes certain 'forward-looking information' within the meaning of applicable Canadian securities legislation. All statements herein, other than statements of historical fact, constitute forward-looking information. Forward-looking information is frequently, but not always, identified by words such as 'expects', 'anticipates', 'believes', 'intends', 'estimates', 'potential', 'possible', and similar expressions, or statements that events, conditions, or results 'will', 'may', 'could', or 'should' occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements regarding the issuance, conversion and terms of the Notes; the intended use of proceeds; the Company's aim to provide to investors the potential for significant equity upside; the Company's ability to seize high-potential opportunities and drive sustainable growth across its portfolio; and the Company's vision and business and investment strategies. Forward-looking information reflects the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, without limitation, the Company's ability execute on its vision and business and investment plans; growth and development of decentralized finance and the digital asset sector; rules and regulations with respect to decentralized finance and digital assets; and general business, economic, competitive, political and social uncertainties. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on the forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities 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
New Straits Times
3 days ago
- Sport
- New Straits Times
Cklamovski backs young stars to shine for Malaysia after senior camp stint
KUALA LUMPUR: National coach Peter Cklamovski assured that the five young players released from the Harimau Malaya camp remain key to his long-term plans, as focus shifts to Thursday's friendly against Cape Verde at the KLFA Stadium in Cheras. The Australian confirmed that Aiman Hakimi Othman (20), Alif Ahmad (22), Shafizan Arshad (20), Haykal Danish Haizon (20) and Abu Khalil (20) have returned to their respective teams after gaining valuable experience in the senior camp in Johor Baru. Cklamovski said the quintet are being groomed for the future and are likely to play crucial roles in the national youth team's campaigns at the AFF Under-23 Championship (July 15-31) and the AFC Under-23 Asian Cup qualifiers (Sept 1-9). "We take it as a positive. I spoke to them after training," said Cklamovski. "They learnt a lot from this week - the environment, the players, our sessions. The benefit is that they can take that with them to improve in the long term." The Australian was impressed with the youngsters' attitude and adaptability. "They've done outstandingly well. They've trained well - impressive young talents, which I knew they were - but they adapted to our intensity," he said. "That's something they mentioned to me too, that the intensity was much higher than expected. But they responded well. "I believe in them, and I look forward to watching all the Under-23 players progress and push hard to earn senior team spots." Cklamovski explained that the decision to release the players was due to high competition for places and his commitment to selecting based on form and professionalism. "I select teams and squads based on performance, mentality, professionalism and work ethic. If they continue to give their best and perform at their highest level, there's no reason they won't be called up again." Harimau Malaya will face world No 72 Cape Verde, a team with several European-based players, in Thursday's friendly, followed by a second match behind closed doors at the National Stadium in Bukit Jalil on June 3. "We want to play against a tough opponent. Cape Verde are world-class and have great players from Europe.
Business Insider
3 days ago
- Business
- Business Insider
ArcelorMittal Stock (MT) Jumps on News Trump Supports U.S. Steel's Takeover
Shares of ArcelorMittal (MT) are up 4% on news that U.S. President Donald Trump supports the $14.90 billion takeover of U.S. Steel (X) by Japan's Nippon Steel Corp. (NISTF). Confident Investing Starts Here: The merger, if approved by regulators, would create the world's third-largest steel producer by volume after China's Baowu Steel Group and European-based ArcelorMittal. Analysts say MT stock is getting a boost as competition in the global steel sector will be reduced. ArcelorMittal's stock is also getting a lift on expectations that the U.S. Steel acquisition could lead to further consolidation in the steel sector. Heading into the Memorial Day weekend in America, Trump said on social media that the 'planned partnership' between Nippon and U.S. Steel will create 70,000 jobs. Supporting the Deal In supporting the deal, Trump also said that the acquisition of U.S. Steel will add $14 billion U.S. to the American economy. The president later said over the weekend that America will have control over U.S. Steel as part of the takeover by Nippon. Japan's government has also supported the acquisition of U.S. Steel by Nippon and praised President Trump for throwing his support behind the deal. The previous administration of U.S. President Joe Biden had opposed the takeover of U.S. Steel, saying it is not in America's economic interest. MT stock has risen 32% this year. Is MT Stock a Buy? average MT price target of $31.95 implies 5.24% upside from current levels.
Yahoo
20-05-2025
- Business
- Yahoo
IQSTEL (NASDAQ: IQST) Issues Follow-Up Shareholder Letter Highlighting NASDAQ Benefits, $57.6M Q1 Revenue, and $14.58 Assets Per Share on Path to $1 Billion
NEW YORK, May 20, 2025 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST), a U.S.-based multinational technology company, today issued a follow-up shareholder letter to reinforce the strategic value of its recent NASDAQ uplisting and to highlight the company's most important operational and financial metrics. This communication outlines IQSTEL's transformation into a high-tech global enterprise, backed by strong fundamentals and a clear path to $1 billion in annual revenue by 2027. Key metrics and updates underscore why we believe our stock remains significantly undervalued: Current Assets Per Share (Q1 2025): $14.58 Current Revenue Per Share: Over $100 Current Stockholders' Equity Per Share (Q1 2025): $4.38 Current Outstanding Shares: 2.9 million Current Market Cap: 0.10x our Revenue in 2024 2025 Revenue Forecast: $340 million Year-End Run Rate Goal: $400 million Year-End Revenue Mix Goal: 80% Telecom / 20% Tech Services now supports IQST again for European-based investors IQSTEL's NASDAQ listing enhances visibility, unlocks institutional investment, increases customer confidence, and positions the company to execute larger, EBITDA-positive acquisitions without dilution. Shareholder Letter – May 20, 2025 Dear Shareholders, Just days ago, we celebrated our official listing on the NASDAQ Capital Market under the ticker IQST—a transformational milestone that opens the door to unprecedented commercial, financial, and strategic opportunities. Following this milestone, we received several thoughtful questions from our shareholders regarding the impact of this listing and our forward strategy. In response, we've prepared this Shareholder Letter to provide greater clarity and reaffirm the benefits of this moment, while summarizing the most critical indicators of IQSTEL's financial strength and long-term growth potential. Key Shareholder Takeaways Current Assets Per Share (Q1 2025): $14.58 Current Revenue Per Share: Over $100 Current Stockholders' Equity Per Share (Q1 2025): $4.38 Current Outstanding Shares: 2.9 million Current Market Cap: 0.10x our Revenue in 2024 Q1 2025 Revenue: $57.6M 2025 Revenue Forecast: $340 million Year-End Run Rate Goal: $400 million Year-End Revenue Mix Goal: 80% Telecom / 20% Tech Services Countries of Commercial Footprint : 21 Employees: 100+ Business Relationships: 600+ global interconnections Telecom Division (99% revenue stream): Positive Adjusted EBITDA and Positive Net Income now supports IQST again for European-based investors What Shareholders Can Expect as a NASDAQ Company 1. Institutional Access & Global Liquidity IQSTEL is now available to institutional funds and platforms like in the UK and Europe. Global retail and institutional investors can participate more easily in our story. 2. Commercial Trust and Growth Acceleration We already handle hundreds of millions in B2B telecom transactions annually. Our NASDAQ status boosts credibility with customers and partners—catalyzing growth. 3. Shareholder-Friendly Capital Structure Fewer than 2.9 million shares outstanding. No capital raise or dilution for the NASDAQ uplisting. All convertibles mature in Q1 2026—no short-term pressure. 4. Revaluation Opportunity IQSTEL trades at ~0.10x 2024 revenue. NASDAQ peers in telecom/tech often trade at 1.0x or more—even without profitability. 5. Strong M&A Capability Our stock is now a more attractive currency for acquiring EBITDA-positive businesses. We are actively targeting strategic acquisitions in telecom, fintech, AI, and cybersecurity. Delivering on Our Promises—Built on Execution, Not Hype At IQSTEL, we don't just set goals—we deliver on them. Over the past seven years, we've earned a reputation for consistent execution, operational discipline, and transparency. Everything we've told our nearly 20,000 shareholders we would accomplish—we have. That track record speaks louder than any forecast and forms the foundation for the next phase of our growth. Here's a summary of how we've kept our word: Sustained Revenue Growth: From $13.8 million in 2018 to $283 million in 2024—consistently meeting or exceeding our revenue forecasts year after year. Robust Corporate Governance: Audit, Compensation, and Ethics Committees are fully established, supported by an independent Board of Directors and annual shareholder meetings that ensure transparency and accountability. NASDAQ Uplisting Achieved: From Pink Sheets to QB, then OTCQX, and now NASDAQ in 2025—without a capital raise or any shareholder dilution. Enhanced Shareholder Value: Revenue Per Share now exceeds $100, a strong reflection of our disciplined approach to growth and value creation. Balance Sheet Strength: We met NASDAQ's equity requirements without raising capital—an uncommon achievement that shows the strength of our business. Equity Growth: From a negative equity position of ($1.6 million) or -$0.11 per share in 2018, to $11.6 million or $4.38 per share as of March 31, 2025. These are not projections. These are results. They represent our commitment to building a company that delivers real shareholder value—not just vision, but verifiable performance. Because We Deliver on Our Promises, These Are the Goals We Are Now Pursuing in 2025 Our consistent execution over the past seven years gives us the confidence—and credibility—to set ambitious but achievable objectives for 2025. These goals are not aspirational statements; they are measurable targets rooted in our proven ability to grow revenue, manage costs, and build shareholder value. With a scalable model, a trusted global platform, and momentum from our NASDAQ listing, we believe the following objectives are well within reach: Revenue: $340 million Adjusted EBITDA (Operating Subsidiaries): $3 million+ Net Income (Operating Subsidiaries): 7-digit Year-End Revenue Run Rate: $400 million Year-End Revenue Mix Goal: 80% Telecom / 20% Tech Strategic Acquisitions: Targeting companies with positive EBITDA and synergy potential Built for the Future IQSTEL's future is tech-driven and margin-focused. We're now leveraging our trusted telecom platform to deliver: High Tech Telecom Services: eSIM, roaming, numbering Fintech Services: remittance, mobile banking AI-Driven Customer Platforms: automation, support, lead generation Cybersecurity Solutions: tailored for telecom operators and infrastructure clients Final Thoughts IQSTEL is now a global public company with robust fundamentals, scalable operations, and powerful visibility. With strong momentum and aligned shareholder interests, we are executing our plan to reach $1 billion in revenue by 2027—profitably and sustainably. Thank you to our nearly 20,000 shareholders. The best is just beginning. If you have any questions about our NASDAQ uplisting or our 2025 goals, please don't hesitate to contact us at questions@ Sincerely, Leandro IglesiasPresident & CEOIQSTEL Inc. (NASDAQ: IQST) About IQSTEL Inc. IQSTEL Inc. (NASDAQ: IQST) is a multinational technology company providing advanced solutions across Telecom, High-Tech Telecom Services, Fintech, AI-Powered Telecom Platforms, and Cybersecurity. With operations in 21 countries and a team of 100 employees, IQSTEL serves a broad global customer base with high-value, high-margin services. Backed by a strong and scalable business platform, the company is forecasting $340 million in revenue for FY-2025, reinforcing its trajectory toward becoming a $1 billion tech-driven enterprise by 2027. Use of Non-GAAP Financial Measures: The Company uses certain financial calculations such as Adjusted EBITDA, Return on Assets and Return on Equity as factors in the measurement and evaluation of the Company's operating performance and period-over-period growth. The Company derives these financial calculations on the basis of methodologies other than generally accepted accounting principles ("GAAP"), primarily by excluding from a comparable GAAP measure certain items the Company does not consider to be representative of its actual operating performance. These financial calculations are "non-GAAP financial measures" as defined under the SEC rules. The Company uses these non-GAAP financial measures in operating its business because management believes they are less susceptible to variances in actual operating performance that can result from the excluded items, other infrequent charges and currency fluctuations. The Company presents these financial measures to investors because management believes they are useful to investors in evaluating the primary factors that drive the Company's core operating performance and provide greater transparency into the Company's results of operations. However, items that are excluded and other adjustments and assumptions that are made in calculating these non-GAAP financial measures are significant components in understanding and assessing the Company's financial performance. These non-GAAP financial measures should be evaluated in conjunction with, and are not a substitute for, the Company's GAAP financial measures. Further, because these non-GAAP financial measures are not determined in accordance with GAAP, and are thus susceptible to varying calculations, the non-GAAP financial measures, as presented, may not be comparable to other similarly-titled measures of other companies. Adjusted EBITDA is not a recognized accounting measurement under GAAP; it should not be considered as an alternative to net income, as a measure of operating results, or as an alternative to cash flow as a measure of liquidity. It is presented here not as an alternative to net income, but rather as a measure of the Company's operating performance. Adjusted EBITDA excludes, in addition to non-operational expenses like interest expenses, taxes, depreciation and amortization; items that we believe are not indicative of our operating performance, such as: Change in Fair Value of Derivative Liabilities: These adjustments reflect unrealized gains or losses that are non-operational and subject to market volatility. Loss on Settlement of Debt: This represents non-recurring expenses associated with specific financing activities and does not impact ongoing business operations. Stock-Based Compensation: As a non-cash expense, this adjustment eliminates variability caused by equity-based incentives. The Company believes Adjusted EBITDA offers a clearer view of the cash-generating potential of its business, excluding non-recurring, non-cash, and non-operational impacts. Management believes that Adjusted EBITDA is useful in evaluating the Company's operating performance compared to that of other companies in its industry because the calculation of Adjusted EBITDA generally eliminates the effects of financing, income taxes, non-cash and certain other items that may vary for different companies for reasons unrelated to overall operating performance and also believes this information is useful to investors. Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. Words such as "anticipate," "believe," "estimate," "expect," "intend", "could" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our ability to complete complementary acquisitions and dispositions that benefit our company; our success establishing and maintaining collaborative, strategic alliance agreements with our industry partners; our ability to comply with applicable regulations; our ability to secure capital when needed; and the other risks and uncertainties described in our prior filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and IQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. For more information, please visit View original content to download multimedia: SOURCE iQSTEL 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
