Latest news with #IDEX
Yahoo
23-05-2025
- Business
- Yahoo
Goodbridge Capital Corp. Files Filing Statement for Qualifying Transaction with IDEX Metals Corp
Vancouver, British Columbia--(Newsfile Corp. - May 23, 2025) - Goodbridge Capital Corp. (TSXV: GODB.P) ("Goodbridge" or the "Company"), a capital pool company listed on the TSX Venture Exchange (the "Exchange"), is pleased to provide an update with respect to its proposed qualifying transaction with and IDEX Metals Corp. ("IDEX"), as previously disclosed in news releases dated May 28, 2024, December 3, 2024, February 10, 2025 and April 10, 2025, pursuant to which Goodbridge will acquire 100% of the issued and outstanding shares of IDEX (the "Transaction"). In connection with the Transaction, the Company has filed on its SEDAR+ profile at its filing statement dated May 20, 2025, which describes the Transaction and provides disclosure on the Company, IDEX, and the resulting issuer following the Transaction. Concurrent with the closing of the Transaction, the Company will complete a brokered private placement of units of the Company (the "Units") of up to 1,200,000 Units, at a price of $0.50 per Unit, for total proceeds of $600,000 (the "Offering"). Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable at a price of $0.70 per Common Share for a period of 24 months from closing of the Offering. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable Canadian securities laws. The targeted closing date for the Transaction and the Offering is May 30, 2025. The Transaction remains subject to the satisfaction of all conditions set out in the conditional approval of the TSX Venture Exchange (the "TSXV") and satisfaction of closing conditions customary for transactions of this nature. The Company, upon and subject to completion of the Transaction, will continue under the name "IDEX Metals Corp." and trade on the TSXV under the symbol "IDEX". Final acceptance of the Transaction will occur upon the issuance of a final exchange bulletin which will provide disclose the proposed date on which the Company's common shares will resume trading. Until such time, in accordance with the policies of the TSXV, the Company's common shares are currently halted from trading and will remain so until such time as required by TSXV policies. About IDEX Metals Corp. IDEX Metals Corp. is a mineral exploration company focused on advancing a portfolio of base and precious metal projects in Idaho, USA. IDEX is primarily focused on the exploration and development of the Freeze Copper-Gold porphyry prospect located in the newly discovered Hercules Copper District, Washington County, Idaho. With a strategic land position in a top-tier mining jurisdiction and surrounded by major industry players, IDEX is committed to redefining district-scale exploration in Idaho. For more information, please visit About Goodbridge Capital Corp. The Company is designated as a Capital Pool Company under the policies of the Exchange. The Company has not commenced commercial operations and has no assets other than cash. The Company's objective is to identify and evaluate businesses or assets with a view to completing a Qualifying Transaction. Any proposed Qualifying Transaction must be approved by the Exchange and, in the case of a Non-Arm's Length Qualifying Transaction, must also receive majority approval of the minority shareholders. Until the completion of a Qualifying Transaction, Goodbridge will not carry on any business other than the identification and evaluation of businesses or assets with a view to completing a proposed Qualifying Transaction. For further information regarding the Company and the Transaction, please contact Magaly Bianchini, Chief Financial Officer at (416) 822-8525 or review the Company's public disclosure documents on ON BEHALF OF THE BOARD OF DIRECTORS OF IDEX Clayton Fisher, CEO & Director ON BEHALF OF THE BOARD OF DIRECTORS OF GOODBRIDGE Anthony Viele, CEO & Director For further information regarding IDEX contact: Sharyn AlexanderVice President Corporate Development info@ Cautionary Note Regarding Forward-Looking Statements Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to TSX Venture Exchange requirements, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release. Statements contained in this news release that are not historical facts may be forward-looking statements, including statements in respect of the Transaction and the completion of the Offering. These forward-looking statements involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: risks inherent in exploration activities; the impact of exploration competition; unexpected geological or hydrological conditions; changes in government regulations and policies, including trade laws and policies; failure to obtain necessary permits and approvals from government authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; the ability to raise funds through private or public equity financings; environmental and safety risks including increased regulatory burdens; weather and other natural phenomena; and other exploration, development, operating, financial market and regulatory risks. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, IDEX and Goodbridge disclaim any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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Yahoo
21-05-2025
- Business
- Yahoo
IDEX Biometrics ASA: Annual general meeting held on 21 May 2025
IDEX Biometrics ASA held the annual general meeting on 21 May 2025. All resolutions were passed as proposed in the notice and agenda update for the meeting. The minutes of the meeting will be available at the company's web site in due course. For further information, please contact: Kristian Flaten, CFO, Tel: +47 95092322 E-mail: ir@ About IDEX Biometrics: IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit About this notice: This notice was issued by Kristian Flaten, CFO, on 21 May 2025 at 14:45 CET on behalf of IDEX Biometrics ASA. This information is subject to the disclosure requirements pursuant to the Norwegian Securities Trading Act section 5-12.
Yahoo
21-05-2025
- Business
- Yahoo
IDEX Biometrics ASA: Annual general meeting held on 21 May 2025
IDEX Biometrics ASA held the annual general meeting on 21 May 2025. All resolutions were passed as proposed in the notice and agenda update for the meeting. The minutes of the meeting will be available at the company's web site in due course. For further information, please contact: Kristian Flaten, CFO, Tel: +47 95092322 E-mail: ir@ About IDEX Biometrics: IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market. For more information, visit About this notice: This notice was issued by Kristian Flaten, CFO, on 21 May 2025 at 14:45 CET on behalf of IDEX Biometrics ASA. This information is subject to the disclosure requirements pursuant to the Norwegian Securities Trading Act section in to access your portfolio
New Indian Express
11-05-2025
- Science
- New Indian Express
Use Op Sindoor to speed up R&D in drone tech: Experts
BENGALURU: As drones are being used extensively in Operation Sindoor, experts point out that this war-like situation should be used to learn and scale up the pace of R&D in counter-drone technologies, and indigenous development of micro-controls and lethal technologies. While most of the drones being used in Op Sindoor were made in Bengaluru, Pune and Gurugram-Noida circuit, microchips, microprocessors and micro controllers are being imported, including from Taiwan. A DRDO official, seeking anonymity, said the work on improving drones and other technological interventions is being taken up by the organisation in partnership with private firms and experts. Prof Abhishekh, Department of Aerospace, IIT-Kanpur, said that a lot of research has been done in the drone sector since 2018 and now, the work on counter-drone technologies is being strengthened. These include early detection, radio frequency jamming and laser technology to neutralise drones. Experts said this should be done faster as the drone industry is growing at a rapid pace, especially over the last five years. They pointed out that drones are a Rs 1,500 crore market, much lesser than what it could have been by 2025. The country has over a 1,000 registered drone companies, but only 10-15 have partnered with government agencies and are seriously working on design and development. Experts pointed out that work is also being done in improving beyond-the-line-of-sight technology in drones, and India is lagging behind other countries. The defence sector should use the IDEX (Innovations for Defence Excellence) platform to place orders with startups to strengthen drone manufacturing and come up with innovative ideas, they added. Chief Research Scientist, Department of Aerospace Engineering, IISc, SB Omkar, said there is a lot of potential for growth in the drone industry but technological advances come with a cost, which the government should now support. Omkar, who is also chairperson for drone standardisation in India, said that volumes can be attained with economics and spreading drone usage across the country. Yusuf Unjhawala, Adjunct Scholar, Takshila University, Bengaluru, said that the use of drones in warfare heightened after the Ukraine war. Now, work needs to be done based on imagination and anticipating demand. Technological advances are being worked out to make drones more lethal, compact, cheaper, long-ranging, faster and with more sensors. The lineage is more towards AI operations, he added.
Yahoo
01-05-2025
- Business
- Yahoo
IDEX (NYSE:IEX) Surprises With Q1 Sales
Manufacturing company IDEX (NYSE:IEX) reported revenue ahead of Wall Street's expectations in Q1 CY2025, with sales up 1.7% year on year to $814.3 million. Its non-GAAP profit of $1.75 per share was 6.7% above analysts' consensus estimates. Is now the time to buy IDEX? Find out in our full research report. Revenue: $814.3 million vs analyst estimates of $805.4 million (1.7% year-on-year growth, 1.1% beat) Adjusted EPS: $1.75 vs analyst estimates of $1.64 (6.7% beat) Adjusted EBITDA: $208 million vs analyst estimates of $195.5 million (25.5% margin, 6.4% beat) Management reiterated its full-year Adjusted EPS guidance of $8.27 at the midpoint Operating Margin: 17.4%, down from 20.1% in the same quarter last year Free Cash Flow Margin: 11.2%, down from 17.1% in the same quarter last year Organic Revenue fell 1% year on year (-6% in the same quarter last year) Market Capitalization: $13.14 billion 'Our IDEX teams delivered better than expected revenue and profitability in the first quarter of 2025, with all segments exceeding our expectations. Most encouragingly, all of our segments built backlog, mostly accumulating within HST, fueled by an impressive large clean water project win from the Mott team,' said Eric Ashleman, IDEX Corporation President and Chief Executive Officer. Founded in 1988, IDEX (NYSE:IEX) is a global manufacturer specializing in highly engineered products such as pumps, flow meters, and fluidics systems for various industries. A company's long-term performance is an indicator of its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Regrettably, IDEX's sales grew at a tepid 5.9% compounded annual growth rate over the last five years. This fell short of our benchmark for the industrials sector and is a tough starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. IDEX's recent performance shows its demand has slowed as its revenue was flat over the last two years. We can better understand the company's sales dynamics by analyzing its organic revenue, which strips out one-time events like acquisitions and currency fluctuations that don't accurately reflect its fundamentals. Over the last two years, IDEX's organic revenue averaged 2.1% year-on-year declines. Because this number is lower than its normal revenue growth, we can see that some mixture of acquisitions and foreign exchange rates boosted its headline results. This quarter, IDEX reported modest year-on-year revenue growth of 1.7% but beat Wall Street's estimates by 1.1%. Looking ahead, sell-side analysts expect revenue to grow 4.5% over the next 12 months. Although this projection implies its newer products and services will fuel better top-line performance, it is still below the sector average. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Operating margin is one of the best measures of profitability because it tells us how much money a company takes home after procuring and manufacturing its products, marketing and selling those products, and most importantly, keeping them relevant through research and development. IDEX has been a well-oiled machine over the last five years. It demonstrated elite profitability for an industrials business, boasting an average operating margin of 22.1%. This result isn't surprising as its high gross margin gives it a favorable starting point. Looking at the trend in its profitability, IDEX's operating margin decreased by 2.2 percentage points over the last five years. This raises questions about the company's expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. This quarter, IDEX generated an operating profit margin of 17.4%, down 2.7 percentage points year on year. Since IDEX's operating margin decreased more than its gross margin, we can assume it was less efficient because expenses such as marketing, R&D, and administrative overhead increased. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. IDEX's unimpressive 6% annual EPS growth over the last five years aligns with its revenue performance. This tells us it maintained its per-share profitability as it expanded. Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business. IDEX's two-year annual EPS declines of 3.1% were bad and lower than its flat revenue. In Q1, IDEX reported EPS at $1.75, down from $1.89 in the same quarter last year. Despite falling year on year, this print beat analysts' estimates by 6.7%. Over the next 12 months, Wall Street expects IDEX's full-year EPS of $7.75 to grow 7.8%. We enjoyed seeing IDEX beat analysts' EBITDA expectations this quarter. We were also glad its organic revenue outperformed Wall Street's estimates. On the other hand, its EPS guidance for next quarter missed. Zooming out, we think this was a good print with some key areas of upside. The stock remained flat at $173.97 immediately after reporting. Sure, IDEX had a solid quarter, but if we look at the bigger picture, is this stock a buy? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
