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Business Upturn
20 hours ago
- Business
- Business Upturn
Oak Woods Acquisition Corporation Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q
New York, May 30, 2025 (GLOBE NEWSWIRE) — Oak Woods Acquisition Corporation. (Nasdaq: OAKU) (the 'Company') today announced it received a delinquency notification letter from Nasdaq on May 27, 2025, which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2025 (the 'Quarterly Report'). The Nasdaq Listing Rule requires listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the 'SEC'). This notification has no immediate effect on the listing of the Company's securities on Nasdaq. The Notice states that the Company has 60 calendar days to submit a plan to regain compliance and if the Nasdaq accepts such plan, the Nasdaq can grant an exception of up to 180 calendar days from the Quarterly Report's due date, or until November 17, 2025 (the 'Compliance Date'), to regain compliance. The Notification Letter does not impact the Company's listing on The Nasdaq Capital Market at this time. The Company is currently in the final stages of completing work on its 10-Q for the quarter ended March 31, 2025. While the Company has not yet filed its Quarterly Report on Form 10-Q, it is working diligently with its independent registered public accounting firm to complete the remaining audit procedures. The delay in filing is not due to any disagreement with the Company's auditors and the Company expects to file the Form 10-Q promptly upon completion of the audit review process. About Oak Woods Acquisition Oak Woods Acquisition Corporation is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, or other similar business combination with one or more businesses or entities. On August 11, 2023, Oak Woods Acquisition Corporation, a Cayman Islands corporation (' Oak Woods '), entered into a Merger Agreement and Plan of Reorganization (the ' Merger Agreement ') with Oak Woods Merger Sub, Inc., a Cayman Islands corporation and a wholly owned subsidiary of Oak Woods (' Merger Sub '), Huajin (China) Holdings Limited, a Cayman Islands corporation (' Huajin ') and Xuehong Li, in his capacity as the representative of the Huajin shareholde (' Shareholders' Representative '), as amended by its agreement to extend the date by which a Business Combination is required to be completed to June 28, 2024, dated March 23, 2024, and subsequently by the First Amendment to the Merger Agreement entered into by Oak Woods, Huajin, Merger Sub, and the Shareholders' Representative on June 26, 2024 extending the time to complete its business combination to September 28, 2024. On October 1, 2024 the Company announced that, as approved by the shareholders of the Company at the Extraordinary General Meeting adjourned from September 25, 2024 and held on September 26, 2024 (the 'September EGM'), the following proposals were approved thereby amending the Amended and Restated Articles and Memorandum of Association of the Company to give the Company the right to extend the date by which the Company has to complete a business combination from September 28, 2024 to March 28, 2025, by depositing into the Trust Account $172,500 per for each one-month extension, on or prior to the date of the applicable deadline, for up to six (6) times. On March 26, 2025 the Company announced that, as approved by the shareholders of the Company at the Extraordinary General Meeting held on March 20, 2025 (the 'March EGM'), the following proposals were approved thereby amending the Amended and Restated Articles and memorandum of Association to give the Company the right to extend the date by which the Company has to complete a business combination from March 28, 2025 to September 28, 2025, by depositing into the Trust Account $172,500 per for each one-month extension, on or prior to the date of the applicable deadline, for up to six (6) times. As of May 30, 2025, our Sponsor has timely deposited all prior monthly extension deposits and again deposited $172,500 into our Trust Account, thereby extending the time available to the Company to complete our initial business combination until June 28, 2025. Forward Looking Statements This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward- looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Contact: Lixin ZhengChief Executive OfficerOak Woods Acquisition Corporation (+1) 403-561-7750
New Indian Express
a day ago
- Politics
- New Indian Express
Haryana: Citizens' report calls for 'no-go' zones for mining in the Aravallis
CHANDIGARH: A citizens' report has been submitted to Union Environment Minister Bhupender Yadav and Haryana Chief Minister Nayab Singh Saini, demanding the declaration of 'NO-GO' areas for mining and stone crushing in the Aravallis. It also calls for a law that classifies the destruction of this ancient mountain range as an ecological crime in Haryana. The report, titled 'State of the Haryana Aravallis: Citizens' Report – Part 1', was submitted by the environmental collective 'People for Aravallis'. It outlines the status of the Aravalli range across seven Haryana districts, Nuh, Faridabad, Gurugram, Rewari, Mahendergarh, Charkhi Dadri and Bhiwani. The report highlights that due to rampant mining (both licensed and illegal), deforestation, encroachments, and diversion of Aravalli land for various projects, the two-billion-year-old range is on the brink of extinction. Neelam Ahluwalia, Founder Member of People for Aravallis, said, 'This report is the first in the series of reports that our group is sharing with our elected representatives and bureaucracy, on the dismal health of our 'lifeline' which is vital for clean air and water security." "In the backdrop of the Supreme Court this week expressing serious concern over continuing illegal mining across the 670-kilometre Aravalli range and giving the Centre-led Committee a final two-month deadline to arrive at a 'uniform definition of the ecologically crucial mountain range', this report highlights the extremely worrying status of the Aravalli hills and forests in Haryana,' she said. She added that the destruction has resulted from a lack of legal safeguards and ground-level protection, with significant consequences for the environment and public health in the region.
Yahoo
a day ago
- Business
- Yahoo
Black Diamond Group Limited Issues 2025 Corporate Responsibility Report
CALGARY, Alberta, May 30, 2025 (GLOBE NEWSWIRE) -- Black Diamond Group Limited ('Black Diamond' or the 'Company') (TSX: BDI, OTCQX:BDIMF), a leading provider of space rental and temporary lodging and accommodations, issued its 2025 Corporate Responsibility Report (the 'Report') detailing the Company's commitment to environmental, social and governance matters, while highlighting the positive results and value delivered through the Company's shared efforts. 'We know that business is a powerful driver of economic benefit and a trusted partner in creating a positive impact in the communities and networks served,' said Trevor Haynes, Chairman & CEO. 'This year's Report showcases how we at Black Diamond approach this through our values-based culture, the principles that guide our decisions, and our commitment to Creating a Better Way – a foundation that guides us as we strive to continuously improve as an industry leader.' The Report highlights meaningful progress made, while achieving a competitive advantage leading to continued growth and profitability. Within we provide detailed information on emissions data, safety metrics, revenue generated through our Indigenous partnerships and context around our commitment to community investment, engaging our high-performing, diverse teams and preserving our highest standards of operational integrity. Black Diamond's corporate responsibility approach focuses on key strategies and initiatives that drive tangible outcomes and value and is subject to the same rigour and accountability that apply to all facets of the Company. 'We are proud of what we're building together and remain committed to being best-in-class,' said Trevor Haynes, Chairman & CEO. 'We will continue operating with intention and in a way that all those within our network – customers, suppliers, communities, shareholders and team members alike – contribute to and receive value from everything we do.' The Report is guided by The Sustainability Accounting Standards Board, or SASB, Standards and Black Diamond is most appropriately situated within the Engineering & Construction Services Industry. The Company also reports additional sustainability metrics given our robust and unique approach to social responsibility and community engagement. View Black Diamond's Corporate Responsibility Report at Black Diamond Black Diamond is a specialty rentals and industrial services company with two operating business units - Modular Space Solutions (MSS) and Workforce Solutions (WFS). We operate in Canada, the United States, and Australia. MSS through its principal brands, BOXX Modular, CLM, MPA Systems and Schiavi, owns a large rental fleet of modular buildings of various types and sizes. Its network of local branches rent, sell, service, and provide ancillary products and services to a diverse customer base in the construction, industrial, education, financial, and government sectors. WFS, through its principal brands owns a large rental fleet of modular accommodation assets of various types. Its regional operating terminals rent, sell, service, and provide ancillary products and services including turnkey operated camps to a wide array of customers in the resource, infrastructure, construction, disaster recovery, and education sectors. In addition, WFS includes LodgeLink, which operates a digital marketplace for business-to-business crew accommodation, travel, and logistics in North America. The LodgeLink proprietary digital platform enables customers to efficiently find, book, and manage their crew travel and accommodation needs through a rapidly growing network of hotel, remote lodge, and travel partners. LodgeLink exists to solve the unique challenges associated with crew travel and applies technology to eliminate inefficiencies at every step of the crew travel process from booking, to management, to payments, to cost reporting. Learn more at Investor and Media Inquiries Emma Covenden at 403-888-1666 or investor@ To sign up for news alerts please go to Cautionary Note Regarding Forward-Looking StatementsCertain information set forth in this news release contains forward-looking statements. Although Black Diamond believes that the expectations reflected in the forward-looking statements contained in this news release, and the assumptions on which such forward-looking statements are made are reasonable, there can be no assurances that such expectations or assumptions will prove to be correct. Readers are cautioned that assumptions used in the preparation of such statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of Black Diamond. These risks include, but are not limited to: the impact of general economic conditions, industry conditions, fluctuation of commodity prices, the Company's ability to attract new customers, failure of counterparties to perform on contracts, industry competition, availability of qualified personnel and management, timely and cost effective access to sufficient capital from internal and external sources, political conditions, dependence on suppliers and stock market volatility. The risks outlined above should not be construed as exhaustive. Additional information on these and other factors that could affect Black Diamond's operations and financial results are included in Black Diamond's annual information form for the year ended December 31, 2024 and other reports on file with the Canadian Securities Regulatory Authorities which can be accessed on the Company's SEDAR+ profile at Readers are cautioned not to place undue reliance on these forward-looking statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and Black Diamond does not undertake any obligation to update or revise any of the forward-looking statements, except as may be required by 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
Business Insider
2 days ago
- Business
- Business Insider
Zeo Energy receives noncompliance notice from Nasdaq
Zeo Energy (ZEO) announced that, as expected, it received a notice from Nasdaq, notifying the company that it is not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250 because the company's Quarterly Report on Form 10-Q for the for the three months ended March 31, 2025 (the '10-Q') was not filed with the SEC by the required due date of May 15. Confident Investing Starts Here:
Yahoo
2 days ago
- Business
- Yahoo
Douglas Emmett Declares Quarterly Cash Dividend
SANTA MONICA, Calif., May 29, 2025--(BUSINESS WIRE)--Douglas Emmett, Inc. (NYSE: DEI), a real estate investment trust (REIT), announced today that its Board of Directors has declared a quarterly cash dividend on each share of its common stock of $0.19, or $0.76 on an annualized basis, to be paid on July 15, 2025 to shareholders of record as of June 30, 2025. About Douglas Emmett, Inc. Douglas Emmett, Inc. (DEI) is a fully integrated, self-administered and self-managed real estate investment trust (REIT), and one of the largest owners and operators of high-quality office and multifamily properties located in the premier coastal submarkets of Los Angeles and Honolulu. Douglas Emmett focuses on owning and acquiring a substantial share of top-tier office properties and premier multifamily communities in neighborhoods that possess significant supply constraints, high-end executive housing and key lifestyle amenities. Please visit our website at for more information about Douglas Emmett. Safe Harbor Statement Except for the historical facts, the statements in this press release regarding Douglas Emmett's business activities are forward-looking statements based on the beliefs of, assumptions made by, and information currently available to us about known and unknown risks, trends, uncertainties and factors that are beyond our control or ability to predict. Although we believe that our assumptions are reasonable, they are not guarantees of future performance and some will inevitably prove to be incorrect. As a result, our actual future results can be expected to differ from our expectations, and those differences may be material. Accordingly, investors should use caution in relying on forward-looking statements to anticipate future results or trends. For a discussion of some of the risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in our Annual Report on Form 10-K for 2024, filed with the U.S. Securities and Exchange Commission. View source version on Contacts Stuart McElhinney, Vice President – Investor Relations 310.255.7751 smcelhinney@
