Latest news with #SeanMacdonald
Yahoo
12-08-2025
- Automotive
- Yahoo
Leatt Corp Announces Share Repurchase Program
CAPE TOWN, South Africa, Aug. 12, 2025 /PRNewswire/ -- Leatt Corporation (OTCQB: LEAT), a leading developer and marketer of head-to-toe protective equipment for MOTO, MTB, and a wide range of extreme and high-velocity sports, today announced that its Board of Directors has authorized a share repurchase program of up to $750,000 of the Company's outstanding common stock. "This share repurchase program reflects our confidence in the future outlook of our business, the soundness of our balance sheet, and the overall strength of the Leatt organization," said Sean Macdonald, Chief Executive Officer. "We believe that this program provides an opportunity to enhance long-term shareholder value, while delivering on our mission of developing and manufacturing cutting-edge protective products for participants in extreme sports." Repurchases may be made from time to time at the discretion of the Board of Directors through open-market transactions in accordance with applicable securities laws. The repurchase program expires on December 31, 2025, and can be suspended or discontinued at any time prior to the expiration date. No shares have been repurchased under the program to date. There can be no assurance as to the timing or number of shares of any repurchases, if any. About Leatt Corp Driven by the science of thrill, Leatt Corporation develops head-to-toe personal protective gear for various sports, with a focus on mountain biking and extreme motorsports. This includes the award-winning Leatt-Brace®, a neck brace system considered the gold standard for neck protection when worn in conjunction with a helmet. Leatt products are designed for participants in extreme sports that use motorcycles, bicycles, mountain bikes, all-terrain vehicles, snowmobiles, and other open-air vehicles. For more information, visit Follow Leatt® on Facebook, Twitter, and Instagram. Forward-looking Statements This press release may contain forward-looking statements regarding Leatt Corporation (the "Company") within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the significance of the Company's share repurchase plan and its ability to enhance the long-term value of the Company's securities; the general ability of the Company to achieve its commercial objectives, including its continued development and manufacturing of cutting-edge protective products; the business strategy, plans and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "seeks," "should," "could," "intends," or "projects" or similar expressions, and involve known and unknown risks and uncertainties. These statements are based upon the Company's current expectations and speak only as of the date hereof. Any indication of the merits of a claim does not necessarily mean the claim will prevail at trial or otherwise. Financial performance in one period does not necessarily mean continued or better performance in the future. The Company's actual results in any endeavor may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, which factors or uncertainties may be beyond our ability to foresee or control. Other risk factors include the status of the Company's common stock as a "penny stock" and those listed in other reports posted on The OTC Markets Group, Inc. View original content: SOURCE Leatt Corporation
Otago Daily Times
20-06-2025
- Sport
- Otago Daily Times
Rams show Nuggets no mercy
What does hope look like when it has been shredded in a blender? Well, like the long faces that headed into home dressing rooms at the Edgar Centre last night. The Otago Nuggets trailed the Canterbury Rams 55-29 at the break. The game was over. Or was it? Of course it was over. It was a clash between the best team in the National Basketball League and easily the worst and that was very, very obvious. The 113-59 final score was a painfully honest reflection of the gulf in class between the traditional rivals. The 54-point loss was the heaviest defeat in their history. Their previous largest losing margin was a 47-point shellacking by the Southland Sharks in 2013. Australian guard Sean Macdonald top-scored with 27 points and CJ Penha added 19 from the bench. Jonathan Janssen was the best of the Nuggets players. He posted a double-double of 13 points and 13 rebounds. There were early troubling signs. Rams guard Taylor Britt got free passage along the baseline for a basket. Someone dropped off their defensive assignment and he was not the last. Macdonald drilled a couple of early three-pointers and the Rams took an 8-0 lead. Janssen finally got the Nuggets on the board with a putback and Jaylen Sebree landed a triple. Other than that it was painful to watch for the home fans. The Nuggets made a series of bumbling efforts close to the hoop and some complete misreads on defence. Where is the exit? Cannot have been the only one thinking that. The Rams claimed twice as many rebounds and posted almost three times as many points in a lopsided 27-10 opening period. Macdonald stuck another three for the two-time defending champions early in the second quarter. Walter Brown grabbed an offensive board and popped it in. That was too easy. So was the cut Macdonald made to the cup for another bucket moments later. Maybe the fire alarm will go off now? Cannot have been the only one thinking that. The Nuggets rallied towards the end of the half but still trailed by 26 points. The third quarter was sloppy. The Rams lacked some of the urgency they displayed earlier and the Nuggets were able to disrupt their pattern more successfully. Max Darling drilled late back-to-back threes to stretch the margin to 38 points with 10 minutes remaining, though. Make it stop. Cannot be the only one thinking that. The game carried on, of course. The Rams spent a chunk of the fourth quarter taunting Sebree and he promptly fouled out of the game. Call that a win for the visitors. Darling brought up 100 for the Rams with a lay-up. The Rams beat the Nuggets 42-36 in the Rapid League game.
Otago Daily Times
19-06-2025
- Sport
- Otago Daily Times
Nuggets handed heaviest loss in franchise history
What does hope look like when it has been shredded in a blender? Well, like the long faces that headed into home dressing rooms at the Edgar Centre tonight. The Otago Nuggets trailed the Canterbury Rams 55-29 at the break. The game was over. Or was it? Of course it was over. It was a clash between the best team in the National Basketball League and easily the worst and that was very, very obvious. The 113-59 final score a painfully honest reflection of the gulf in class between the traditional rivals. The 54-point loss was the heaviest defeat in their history. Their previous largest losing margin was a 47-point shellacking by the Southland Sharks in 2013. Australian guard Sean Macdonald top-scored with 27 points and CJ Penha added 19 from the bench. Jonathan Janssen was the best of the Nuggets players. He posted a double-double of 13 points and 13 rebounds. There were early troubling signs. Rams guard Taylor Britt got free passage along the baseline for a basket. Someone dropped off their defensive assignment and he was not the last. Macdonald drilled a couple of early three-pointers and the Rams took an 8-0 lead. Janssen finally got the Nuggets on the board with a putback and Jaylen Sebree landed a triple. Other than that it was painful to watch for the home fans. The Nuggets made a series of bumbling efforts close to the hoop and some complete misreads on defence. Where is the exit? Cannot have been the only one thinking that. The Rams claimed twice as many rebounds and posted almost three times as many points in a lopsided 27-10 opening period. Macdonald stuck another three for the two-time defending champions early in the second quarter. Walter Brown grabbed an offensive board and popped it in. That was too easy. So was the cut Macdonald made to the cup for another bucket moments later. Maybe the fire alarm will go off? Cannot have been the only one thinking that. The Nuggets rallied toward the end of the half but still trailed by 26 points. The third quarter was sloppy. The Rams lacked some of the urgency they displayed earlier and the Nuggets were able to disrupt their pattern more successfully. Max Darling drilled late back-to-back threes to stretch the margin to 38 points with 10 minutes remaining, though. Make it stop. Cannot be the only one thinking that. The game carried on of course. The Rams spent a chunk of the fourth quarter taunting Sebree and he promptly fouled out of the game. Call that a win for the visitors. Darling brought up 100 for the Rams with a lay-up. The Rams beat the Nuggets 42-36 in the Rapid League game.
