Latest news with #Solano
Yahoo
4 days ago
- Business
- Yahoo
Yuga Labs Proposes Scrapping ApeCoin DAO, Launching ApeCo
Yuga Labs CEO Greg Solano filed an Ape Improvement Proposal titled 'Sunsetting the DAO and Launching ApeCo' in a pitch to wind down the two-year-old decentralized autonomous organization and pass its assets to a new entity to "supercharge the APE ecosystem.' Solano called the DAO 'sluggish, noisy, and often unserious governance theater' that funds 'vanity proposals and low-impact initiatives.' A leaner vehicle controlled by Yuga Labs, he argued, can 'eliminate gridlock' and push capital only to 'high-caliber projects' across three pillars: ApeChain, Bored Ape Yacht Club and Otherside, Yuga's metaverse bet. Under the plan, ApeCo would first top up the staking contract with 11.25 million APE ($8.3 million), reserve 10 million APE for legal and transition costs, then swallow everything else in the Foundation treasury — from tokens and domains to smart contracts. All active governance powers, working groups and future AIPs would be removed if the proposal is passed. At this stage, the post is only a temperature check, as a formal on-chain vote must follow before the dismantling begins. If passed, ApeCo would begin by funding staking, shuttering DAO infrastructure and rerouting every last APE into its new war chest — marking an end to one of crypto's most high-profile NFT-focused governance structures. 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
Associated Press
08-05-2025
- Business
- Associated Press
RAVE Restaurant Group, Inc. Reports Third Quarter 2025 Results
DALLAS, May 08, 2025 (GLOBE NEWSWIRE) -- RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the third quarter of fiscal 2025 ended March 30, 2025. Third Quarter Highlights: 'Quarter Three represented our 20th consecutive quarter of profitability as we continue to deliver profitable operating results,' said Brandon Solano, Chief Executive Officer of RAVE Restaurant Group, Inc. 'New marketing and existing strategic initiatives delivered both a strong top and bottom line in quarter three,' continued Solano. 'During the third quarter, we tested a new value driven promotion called I$8 at Pizza Inn, or as spoken 'I ate at Pizza Inn'. The offer allows guests to dine at our buffets for $8.00 all day on weekdays. To date, we have introduced the promotion to two stores supported by an aggressive marketing campaign and have seen year-over-year sales increases of over twenty percent. We will roll the promotion accompanied by media out to twelve additional lower to mid volume buffet stores in quarter four.' Solano added, 'We continue to build our pipeline for both new and reimaged stores. We expect to have eight to ten reimages completed by the end of the fiscal year and the reimage results continue to be very positive. Not only is the physical appearance much improved, so are sales. For the reimages completed to date, the average sales lift compared to the rest of the brand is a 7.6% increase with an average return on investment of 56%' 'The operational improvements that doubled the make-line capacity at Pie Five have resulted in sales increases in the third quarter,' reported Vice President of Operations Zack Viljoen, adding 'Average wait times for guests 10th in line have dropped from 20 minutes to just 9, in-store throughput has nearly doubled, and operations are running more consistently with faster, smoother service and multiple stores set sales records during the quarter after implementing the changes.' Chief Financial Officer Jay Rooney added, 'It was great to see the fruits of the team's labor as our initiatives delivered positive movement in same store sales. Nineteen Pizza Inn and three Pie Five restaurants had their highest sales weeks since at least 2018. Also impressive was the bottom-line growth, as we have grown pre-tax income by $96,000 for the quarter and $484,000 for the year to date from the same periods in the prior year.' Non-GAAP Financial Measures The Company's financial statements are prepared in accordance with United States generally accepted accounting principles ('GAAP'). However, the Company also presents and discusses certain non-GAAP financial measures that it believes are useful to investors as measures of operating performance. Management may also use such non-GAAP financial measures in evaluating the effectiveness of business strategies and for planning and budgeting purposes. However, these non-GAAP financial measures should not be viewed as an alternative or substitute for its financial statements prepared in accordance with generally accepted accounting principles. The Company considers EBITDA and Adjusted EBITDA to be important supplemental measures of operating performance that are commonly used by securities analysts, investors and other parties interested in our industry. The Company believes that EBITDA is helpful to investors in evaluating its results of operations without the impact of expenses affected by financing methods, accounting methods and the tax environment. The Company believes that Adjusted EBITDA provides additional useful information to investors by excluding non-operational or non-recurring expenses to provide a measure of operating performance that is more comparable from period to period. Management also uses these non-GAAP financial measures for evaluating operating performance, assessing the effectiveness of business strategies, projecting future capital needs, budgeting and other planning purposes. 'EBITDA' represents earnings before interest, taxes, depreciation and amortization. 'Adjusted EBITDA' represents earnings before interest, taxes, depreciation and amortization, stock compensation expense, severance, gain/loss on sale of assets, costs related to impairment and other lease charges, franchise default and closed store revenue/expense, and closed and non-operating store costs. A reconciliation of these non-GAAP financial measures to net income is included with the accompanying financial statements. Note Regarding Forward Looking Statements Certain statements in this press release, other than historical information, may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created thereby. These forward-looking statements are based on current expectations that involve numerous risks, uncertainties and assumptions. Assumptions relating to these forward-looking statements involve judgments with respect to, among other things, the effectiveness of our cost cutting measures, the timing to complete as well as the continued returns on our reimaging initiatives, the strength of our development pipeline, as well as future economic, competitive and market conditions, regulatory framework and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of RAVE Restaurant Group, Inc. Although the assumptions underlying these forward-looking statements are believed to be reasonable, any of the assumptions could be inaccurate and, therefore, there can be no assurance that any forward-looking statements will prove to be accurate. In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of such information should not be regarded as a representation that the objectives and plans of RAVE Restaurant Group, Inc. will be achieved. About RAVE Restaurant Group, Inc. Dallas-based RAVE Restaurant Group [NASDAQ: RAVE] has inspired restaurant innovation and countless customer smiles with its trailblazing pizza concepts. The Company franchises, licenses and supplies Pie Five and Pizza Inn restaurants operating domestically and internationally. The Pizza Inn experience is unlike your typical buffet. Since 1958, Pizza Inn's house-made dough, house-shredded 100% whole milk mozzarella cheese, fresh ingredients and house-made signature sauce combined with friendly service solidified the brand to become America's favorite hometown pizza place. These, in addition to its small-town vibe, are the hallmarks of Pizza Inn restaurants. In 2011, RAVE introduced Pie Five Pizza, pioneering a fast-casual pizza brand that transformed the classic pizzeria into a concept offering personalization, sophisticated ingredients and speed. Pie Five's craft pizzas are baked fresh daily and feature house-made ingredients, creative recipes and craveable crust creations. For more information, visit and follow on Instagram @pizzainn and @piefivepizza. Contact: Investor Relations RAVE Restaurant Group, Inc. 469-384-5000
Yahoo
25-03-2025
- Yahoo
1 dead, 1 injured in SUV rollover crash in unincorporated Solano County, CHP investigates
SOLANO COUNTY, Calif. - The California Highway Patrol is investigating a solo-vehicle rollover crash that killed a person and injured another Sunday evening in unincorporated Solano County. Officers responded to the crash, on eastbound Interstate 80 just east of American Canyon Road, at around 6:10 p.m. CHP - Solano said the vehicle was speeding and somehow landed on its roof. Both the driver and the passenger were ejected from the vehicle during the crash. Officials said they were both taken to North Bay Medical Facility where one of the occupants of the older red Buick SUV died. The other was said to have major injuries. CHP did not have an update on that person's condition. Police are looking for possible dashcam video of either the crash itself or the behavior of the driving that led up to the crash for their investigation. No further details were immediately available.
Associated Press
27-02-2025
- Business
- Associated Press
Cotchett Pitre & McCarthy Files Lawsuit Against Texas-Based Vistra Corporation and Other Relevant Parties for Moss Landing Battery Plant Fire
SAN JOSE, Calif.--(BUSINESS WIRE)--Feb 27, 2025-- Cotchett, Pitre & McCarthy filed a lawsuit in the Northern District of California on behalf of the owners of the beloved Moss Landing Haute Enchilada Restaurant, Café, and Gallery against Vistra Corporation ('Vistra') for the Moss Landing Battery Plant fire. Kim and Luis Solano, the owners, were forced to close their business after the January 16th explosion and fire at the Moss Landing Power Plant at the Phase I building of the Vistra Battery Energy Storage Facility. They are but two examples of the potential hundreds of people affected by the explosion and fire. The lawsuit, named both Vistra Energy and its subsidiaries, including Dynegy Operating Company ('Dynegy'), as well as various LG Energy Solution corporations, who had manufactured the dangerous batteries Vistra used at the Stage I building, as defendants. The complaint alleged that Vistra used faulty and dangerous NMC batteries produced by LG defendants, and employed a flawed battery storage design in the Stage I building. It is alleged there were previous issues of safety with the lithium-ion batteries storage facility in prior years. In 2018, Vistra Energy acquired Dynegy Operating Company for $1.7 billion. In years past, Dynegy nearly faced bankruptcy in the wake of fraud charges. Multiple executives from Dynegy pleaded guilty to securities fraud, and the company was fined $3 million by the SEC. The Solano's own and operate The Haute Enchilada Restaurant, Café, and Gallery, which is located just over a thousand yards away from battery energy storage system ('BESS') and the Vistra Facility. Following the fire, the Solano's were forced to close their business along with all the other operations and businesses on Moss Landing Road. The Solano's also faced many canceled Airbnb reservations on several rental properties in the Moss Landing area that they own due to the fire. The fire itself raged on for days, with local firefighters unable to engage with the blaze due to the associated dangers of using traditional fire suppression techniques against lithium-ion battery fires. The initial fire had a profound impact on the entire community, up to several miles away, with local officials closing Highway 1 as the fire consumed the Stage I facility. Approximately 1,200 residents near the facility were evacuated from their homes as the fire continued to burn. In addition to the many expenses the Solano's and others have incurred since the fire, both Kim and Luis Solano experienced health symptoms they believe are connected to the fire and are concerned about their future health and the situation in Moss Landing. These symptoms, as the complaint notes, are concurrent with symptoms many other local residents have reported having since the fire began. The re-ignition of the fire on February 18th only exacerbated plaintiffs' concerns and ultimately contributed to their decision to close the Haute Enchilada Café for their own health and that of the community at large. Attorney Blair Kittle said ' Our clients are pursuing those responsible for toxic contamination of their community. Allowing a heavy industrial facility to spew contaminants into the community is unacceptable and must have consequences.' David G. Hollenberg, commented that ' The complaint alleges Vistra and LG are responsible for the massive environmental disaster at the Moss Landing Battery Energy Storage System. What was promised as a safe, environmentally responsible way to repurpose a landmark of the Central Coast turned out to be anything but that. 'Kim and Luis Solano love Moss Landing, and trusted that Vistra and LG would be good stewards and neighbors. They violated that trust. By filing this complaint, Kim and Luis seek to hold Vistra and LG accountable now, and in the future, for the unknown harms that await Moss Landing and the greater region's residents.' Caroline Yuen said ' As alleged in the complaint, the recent fire at Vistra's Moss Landing battery facility has had a devastating impact on residents, local businesses, and the environment. Vistra and LG must now be held accountable for the damage they have caused the community.' About Cotchett, Pitre & McCarthy Cotchett, Pitre & McCarthy, LLP engages exclusively in litigation and trials and has earned a national reputation for its dedication to prosecuting or defending socially just actions. CPM has been honored across the country for its work for the public, consumers and those without a voice in our courts. To learn more about the firm, visit . Blair Kittle, Attorney Cotchett, Pitre & McCarthy, LLP (530) 304-7841 (cell) [email protected] Hollenberg, Attorney Cotchett, Pitre & McCarthy, LLP (203) 984-9764 (cell) [email protected] Yuen, Attorney Cotchett, Pitre & McCarthy, LLP (650) 697-6000 [email protected] Houskeeper San Francisco Stories 415-777-4700 INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES SOURCE: Cotchett, Pitre & McCarthy Copyright Business Wire 2025. PUB: 02/27/2025 04:20 PM/DISC: 02/27/2025 04:21 PM
Yahoo
27-02-2025
- Business
- Yahoo
Cotchett Pitre & McCarthy Files Lawsuit Against Texas-Based Vistra Corporation and Other Relevant Parties for Moss Landing Battery Plant Fire
The Complaint Alleges that the Fires at the World's Largest Battery Storage Plant Have Caused Major Damages and Health Injuries to Local Residents Including the Owners of Businesses Close to the Explosion SAN JOSE, Calif., February 27, 2025--(BUSINESS WIRE)--Cotchett, Pitre & McCarthy filed a lawsuit in the Northern District of California on behalf of the owners of the beloved Moss Landing Haute Enchilada Restaurant, Café, and Gallery against Vistra Corporation ("Vistra") for the Moss Landing Battery Plant fire. Kim and Luis Solano, the owners, were forced to close their business after the January 16th explosion and fire at the Moss Landing Power Plant at the Phase I building of the Vistra Battery Energy Storage Facility. They are but two examples of the potential hundreds of people affected by the explosion and fire. The lawsuit, named both Vistra Energy and its subsidiaries, including Dynegy Operating Company ("Dynegy"), as well as various LG Energy Solution corporations, who had manufactured the dangerous batteries Vistra used at the Stage I building, as defendants. The complaint alleged that Vistra used faulty and dangerous NMC batteries produced by LG defendants, and employed a flawed battery storage design in the Stage I building. It is alleged there were previous issues of safety with the lithium-ion batteries storage facility in prior years. In 2018, Vistra Energy acquired Dynegy Operating Company for $1.7 billion. In years past, Dynegy nearly faced bankruptcy in the wake of fraud charges. Multiple executives from Dynegy pleaded guilty to securities fraud, and the company was fined $3 million by the SEC. The Solano's own and operate The Haute Enchilada Restaurant, Café, and Gallery, which is located just over a thousand yards away from battery energy storage system ("BESS") and the Vistra Facility. Following the fire, the Solano's were forced to close their business along with all the other operations and businesses on Moss Landing Road. The Solano's also faced many canceled Airbnb reservations on several rental properties in the Moss Landing area that they own due to the fire. The fire itself raged on for days, with local firefighters unable to engage with the blaze due to the associated dangers of using traditional fire suppression techniques against lithium-ion battery fires. The initial fire had a profound impact on the entire community, up to several miles away, with local officials closing Highway 1 as the fire consumed the Stage I facility. Approximately 1,200 residents near the facility were evacuated from their homes as the fire continued to burn. In addition to the many expenses the Solano's and others have incurred since the fire, both Kim and Luis Solano experienced health symptoms they believe are connected to the fire and are concerned about their future health and the situation in Moss Landing. These symptoms, as the complaint notes, are concurrent with symptoms many other local residents have reported having since the fire began. The re-ignition of the fire on February 18th only exacerbated plaintiffs' concerns and ultimately contributed to their decision to close the Haute Enchilada Café for their own health and that of the community at large. Attorney Blair Kittle said "Our clients are pursuing those responsible for toxic contamination of their community. Allowing a heavy industrial facility to spew contaminants into the community is unacceptable and must have consequences." David G. Hollenberg, commented that "The complaint alleges Vistra and LG are responsible for the massive environmental disaster at the Moss Landing Battery Energy Storage System. What was promised as a safe, environmentally responsible way to repurpose a landmark of the Central Coast turned out to be anything but that. "Kim and Luis Solano love Moss Landing, and trusted that Vistra and LG would be good stewards and neighbors. They violated that trust. By filing this complaint, Kim and Luis seek to hold Vistra and LG accountable now, and in the future, for the unknown harms that await Moss Landing and the greater region's residents." Caroline Yuen said "As alleged in the complaint, the recent fire at Vistra's Moss Landing battery facility has had a devastating impact on residents, local businesses, and the environment. Vistra and LG must now be held accountable for the damage they have caused the community." About Cotchett, Pitre & McCarthy Cotchett, Pitre & McCarthy, LLP engages exclusively in litigation and trials and has earned a national reputation for its dedication to prosecuting or defending socially just actions. CPM has been honored across the country for its work for the public, consumers and those without a voice in our courts. To learn more about the firm, visit View source version on Contacts CPM MEDIA: Blair Kittle, Attorney Cotchett, Pitre & McCarthy, LLP (530) 304-7841 (cell)bkittle@ David Hollenberg, Attorney Cotchett, Pitre & McCarthy, LLP (203) 984-9764 (cell)dhollenberg@ Caroline Yuen, Attorney Cotchett, Pitre & McCarthy, LLP (650) 697-6000cyuen@ Lee Houskeeper San Francisco Stories 415-777-4700Cell: 415-654-9141newsservice@
