Latest news with #OTCQXBestMarket
Yahoo
4 days ago
- Business
- Yahoo
Neo Performance Materials stock surges on buyback plan
-- Shares of Neo Performance Materials Inc (TSX:NEO) climbed 7.1% following the announcement of a Normal Course Issuer Bid (NCIB) and the commencement of trading on the OTCQX market. The Toronto-based company, specializing in advanced rare earth materials, revealed that the Toronto Stock Exchange (TSX) has accepted its notice to repurchase up to 3,297,296 of its common shares, representing approximately 10% of the public float as of May 30, 2025. The buyback program is set to begin on June 11, 2025, and will extend until June 10, 2026, or until the bid is complete. Purchases will be made through the facilities of the TSX or alternative Canadian trading systems, with the price paid being the market price at the time of purchase. Shares acquired under the bid will be cancelled, potentially benefiting remaining shareholders by increasing their equity interest in the company. Neo Performance Materials believes that its shares have been trading at prices that do not fully reflect the company's value in relation to its business and future prospects. The company's management considers the repurchase of shares an attractive investment and a means to deliver value to its shareholders. In addition to the share buyback announcement, Neo has also commenced trading on the OTCQX Best Market under the symbol "NOPMF" on the same day. The OTCQX Best Market is the top tier of OTC Markets, which includes 12,000 U.S. and global securities. This move is expected to improve visibility and access for U.S. investors and comes as part of Neo's efforts to expand its shareholder base and support the growing demand for critical materials used in electrification and modern technologies. Neo's CEO, Rahim Suleman, commented on the company's strategic developments, stating, "We are pleased to begin trading on OTCQX, which enhances Neo's visibility and accessibility for U.S. investors. As a global leader in advanced rare earth materials, with a strong balance sheet and a growing magnetics business in Europe, we are well-positioned to support the accelerating demand for critical materials in electrification and other modern technologies. Trading on OTCQX provides an additional platform to broaden our shareholder base as we continue to execute on our strategic priorities and drive long-term value." Related articles Neo Performance Materials stock surges on buyback plan U.S. Treasury, Commerce secretaries and Trade Representative to meet Chinese reps BofA sees termination of Owens–Rotech deal as surprising but potentially positive 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
Cision Canada
4 days ago
- Business
- Cision Canada
Quarterhill Appoints David Charron as Chief Financial Officer
Experienced public technology company CFO brings deep capital markets and M&A expertise to support Quarterhill's next growth phase TORONTO, June 6, 2025 /CNW/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), today announced the appointment of as Chief Financial Officer ("CFO"), effective June 17, 2025. Mr. Charron brings more than 15 years of public company CFO experience and a proven track record of driving growth and operational excellence in global technology businesses. "We are pleased to welcome David to our leadership team at this pivotal moment in Quarterhill's evolution," said Chuck Myers, Chief Executive Officer at Quarterhill. "We have made important progress in our turnaround efforts over the past 18 months and are now in the late innings of this transformation. David's extensive public technology company experience, governance expertise, and proven M&A track record make him the ideal leader to help us execute on our next phase of growth." Mr. Charron most recently served as CFO at Maropost Inc., a global private SaaS company. Prior to that, he spent three years as CFO of Tiny Ltd./WeCommerce Holdings Inc., a publicly traded technology holding company. His public company experience includes four years as CFO of Terago Networks Inc., during which time he also served as Interim CEO for six months, as well as at Redknee Solutions Inc., where he served as CFO and Corporate Secretary for eight years. At Redknee, Mr. Charron successfully closed and integrated five acquisitions, while completing $240 million in equity and credit financings. Mr. Charron currently serves as Board Director and Chair of the Audit Committee for NowVertical Group, a publicly traded AI-focused data services company. He holds a Chartered Director designation from The Directors College at McMaster University, is a Chartered Professional Accountant and Certified Management Accountant, and earned his MBA from McMaster University's DeGroote School of Business and Bachelor of Engineering (Electrical) from McMaster University. Added Mr. Myers: "I'd also like to thank Morgan Demkey for his dedicated service as Interim CFO during this transition period. Morgan will return to his full-time role as Vice President of Operations for our Safety & Enforcement unit, where he has consistently delivered strong results." About Quarterhill Quarterhill is a leading provider of tolling, safety and enforcement, and logistics solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: Forward-looking Information This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of Quarterhill based on future economic conditions and courses of action. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", "plan", "goal", "expect" and similar expressions. Specifically, this news release contains forward-looking statements relating to, but not limited to: the Company's turnaround efforts and results thereof; and the success and impact of the Company's execution of its next phase of growth. Forward-looking statements involve known and unknown risks, assumptions, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill's products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; force majeure risks; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at The Company believes the expectations reflected in the forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill's ability to execute on its business plan; demand for Quarterhill's products and services; operating assumptions; and financial projections and cost estimates. These foregoing lists are not exhaustive. Additional information on these and other factors which could affect the Company's operations or financial results are included in the Company's most recent annual information form and other public documents on file with the Canadian Securities regulatory authorities on The forward-looking statements represent the Company's views as at the date of this news release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on any forward-looking statement. The Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
Yahoo
28-05-2025
- Business
- Yahoo
Peoples Financial Corporation Announces a Regular Cash Dividend
BILOXI, MS / / May 28, 2025 / Peoples Financial Corporation (the "Company") (OTCQX Best Market:PFBX), parent of The Peoples Bank (the "Bank"), announced the declaration of a regular semi-annual cash dividend of $0.18 per common share payable on June 13, 2025 to shareholders of record as of June 11, 2025. "We are pleased with our continuing financial improvement, to announce a regular dividend to our shareholders." said Chevis C. Swetman, Chairman and CEO of the holding company and the bank. "We remain dedicated to returning earnings to our shareholders," he added. About the Company Founded in 1896, with $867 million in total assets as of March 31, 2025, The Peoples Bank operates 18 bank facilities along the Mississippi Gulf Coast in Hancock, Harrison, Jackson and Stone counties. In addition to offering a comprehensive range of retail and commercial banking services, the Bank also operates a trust and investment services department that has provided customers with financial, estate and retirement planning services since 1936. Peoples Financial Corporation's common stock is listed on the OTCQX Best Market under the symbol PFBX. Additional information is available on the Internet at the Company's website, and at the website of the Securities and Exchange Commission ("SEC"), This news release reflects industry conditions, Company performance and financial results and contains "forward-looking statements,' which may include forecasts of our financial results and condition, expectations for our operations and businesses, and our assumptions for those forecasts and expectations. Do not place undue reliance on forward-looking statements. These forward-looking statements are subject to a number of risk factors and uncertainties which could cause the Company's actual results and experience to differ materially from the anticipated results and expectation expressed in such forward-looking statements. Factors that could cause our actual results to differ materially from our forward-looking statements are described under "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Regulation and Supervision" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and in other documents subsequently filed by the Company with the Securities and Exchange Commission, available at the SEC's website and the Company's website, each of which are referenced above. To the extent that statements in this news release relate to future plans, objectives, financial results or performance by the Company, these statements are deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are generally identified by use of words such as "may," "believe," "expect," "anticipate," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology. Forward-looking statements represent management's beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. All information is as of the date of this news release. Except to the extent required by applicable law or regulation, the Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason. Contact Details Peoples Financial CorpChevis C. Swetman, President and CEO+1 228-435-8205cswetman@ Peoples Financial CorpLeslie B. Fulton, C.P.A., Chief Financial Officer+1 228-435-8412lfulton@ Company Website SOURCE: Peoples Financial Corporation View the original press release on ACCESS Newswire
Cision Canada
16-05-2025
- Business
- Cision Canada
Damon Announces Plan to Resume Trading
VANCOUVER, BC, May 16, 2025 /CNW/ - Damon Inc. (Nasdaq: DMN) ("Damon" or the "Company"), a designer and developer of electric motorcycles and other personal mobility products that seek to empower the personal mobility sector through innovation, data intelligence and strategic collaborations, today announced that the Company has determined to forego its right to appeal Nasdaq's delisting determination, to enable the Company's common shares to begin trading on an alternative market. The Nasdaq staff has informed the Company that its common shares will resume trading on Nasdaq for one trading day, on May 19, 2025, prior to suspending the common shares as of the following trading day. The Company currently expects that its common shares will begin trading on the OTC Pink Current Market maintained by OTC Markets Group, Inc. ("OTC Markets") beginning on May 20, 2025, in accordance with Rule 15c2-11(f)(1) under the Securities Exchange Act of 1934, as amended. The OTC Pink Current Market will become the OTCID Basic Market effective as of July 1, 2025. The OTCID Basic Market is for companies that meet a minimal current information standard and provide management certification, without the qualitative standards of the OTCQX Best Market and OTCQB Venture Market ("OTCQB"). As a SEC reporting company, the Company satisfies and exceeds the minimal current information standard of the OTCID. The Company will continue to pursue its application to trade on the OTCQB, though no assurance can be provided that the Company will be able to satisfy the criteria for trading on the OTCQB or that the staff of OTC Markets will approve the Company's application to trade on the OTCQB. About Damon Damon Inc. is a designer and developer of personal mobility products and technology solutions that integrate AI-driven safety systems, smart electrification, and user-driven design to revolutionize sustainable transportation. Operating across four potential revenue verticals - Data Intelligence & Services, Engineering Services, Personal Mobility Products, and Special Projects – Damon believes it is positioned to capture a significant share of the $40B global electric two-wheeler market by 2030 1. The Company distinguishes itself through its integrated ecosystem approach, combining advanced data analytics, engineering expertise, and seeking to establish strategic partnerships with OEMs and Tier 1 suppliers. Damon emphasizes accessible mobility solutions while leveraging its proprietary AI-driven safety systems and intelligent energy management technology to deliver superior performance and operational efficiency in the urban and business mobility space. For more information, please visit FORWARD LOOKING STATEMENTS This press release contains forward-looking information or forward-looking statements under applicable Canadian and U.S. securities laws (collectively, "forward-looking statements") that reflect current expectations and projections of Damon about its future development. When used in this press release, forward-looking statements can be identified by the use of words such as "may," or by such words as "will," "intend," "believe," "estimate," "consider," "expect," "anticipate," and "objective" and similar expressions or variations of such words. Forward-looking statements are, by their nature, not guarantees of Damon's future operational or financial performance and are subject to risks and uncertainties and other factors that could cause Damon's actual results, performance, prospects, or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. No representation or warranty is intended with respect to anticipated future results, or that estimates, or projections will be sustained. In developing the forward-looking statements in this press release, we have applied several material assumptions, including the general business and economic conditions of the industries and countries in which Damon operates, and general market conditions. Many risks, uncertainties, and other factors could cause the actual results of Damon to differ materially from the results, performance, achievements, or developments expressed or implied by such forward-looking statements. Factors that could cause actual results to differ from those discussed in the forward-looking statements include, but are not limited to, our history of losses, our ability to implement our growth strategy and achieve profitability, our limited operating history with recent acquisitions, our ability to obtain adequate financing as needed, our ability to continue as a going concern, our status as a foreign private issuer, impact of our expected delisting from Nasdaq, our ability to trade on an over-the-counter market maintained by OTC Markets Group Inc., customer demand for or acceptance of our products and services, the impact of competitive or alternative products, technologies, and pricing, emerging competition and rapidly advancing technology that may outpace our own, our ability to manufacture or distribute products and secure strategic supply and manufacturing arrangements, our ability to protect our intellectual property, impact of any changes in existing or future regulatory and tax regimes applying to our business, our ability to successfully consummate strategic transactions and integrate companies or technologies we acquire, our ability to attract and retain management and employees with specialized knowledge and technical skills, our ability to develop and maintain effective internal controls, general economic conditions and events and the impact they may have on us and our customers, including but not limited to increases in inflation rates and rates of interest, supply chain challenges, increased costs for materials and labor, cybersecurity threats, and conflicts such as those in Russia/Ukraine and Israel/Hamas, our success at managing the risks involved in the foregoing items, and other risk factors discussed in our periodic and current reports and registration statements filed with the U.S. Securities and Exchange Commission and the British Columbia Securities Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of the press release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, events may differ materially from current expectations. Damon disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required pursuant to applicable securities law. All forward-looking statements contained in the press release are expressly qualified in their entirety by this cautionary statement.
Business Wire
05-05-2025
- Business
- Business Wire
Citizens Holding Company Announces Statement of Material Changes In Beneficial Ownership of Securities
PHILADELPHIA, Miss.--(BUSINESS WIRE)--Citizens Holding Company (the 'Company') (OTCQX:CIZN) today announced that Stacy Brantley, Chief Executive Officer, Phillip Branch, Chief Financial Officer and Vincent Craig Dungan, Director have recently purchased common stock in CIZN. As required by the Company's insider trading policy, the purchases and total beneficial ownership after the purchases are listed below: About Citizens Holding Company Citizens Holding Company is a one-bank holding company and the parent company of The Citizens Bank of Philadelphia ('the Bank'), both headquartered in Philadelphia, Mississippi. The Bank currently has banking centers in fourteen counties throughout the state of Mississippi. In addition to full service commercial banking, the Company offers mortgage loans, title insurance services through third party partnerships and a full range of Internet banking services including online banking, bill pay and cash management services for businesses. Internet services are available at the Bank website, Citizens Holding Company stock is listed on the OTCQX Best Market and is traded under the symbol CIZN. The Company's transfer agent is Equiniti. Investor relations information may be obtained at the corporate website, Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this release regarding the Company's business strategies, plans, objectives and expectations for future operations, are forward-looking statements. The Company can give no assurances that the assumptions upon which such forward-looking statements are based will prove to have been correct. Forward-looking statements speak only as of the date they are made. The Company does not undertake a duty to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions. The risks and uncertainties that may affect the operation, performance, development and results of the Company's and the Bank's business include, but are not limited to, the following: (a) the risk of adverse changes in business conditions in the banking industry generally and in the specific markets in which the Company operates; (b) our ability to mitigate our risk exposures; (c) changes in the legislative and regulatory environment that negatively impact the Company and Bank through increased operating expenses; (d) increased competition from other financial institutions; (e) the impact of technological advances; (f) expectations about the movement of interest rates, including actions that may be taken by the Federal Reserve Board in response to changing economic conditions; (g) changes in asset quality and loan demand; (h) expectations about overall economic strength and the performance of the economics in the Company's market area; and (i) other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks materialize or should any such underlying assumptions prove to be significantly different, actual results may vary significantly from those anticipated, estimated, projected or expected.
