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Yahoo
21-05-2025
- Business
- Yahoo
GivBux Announces Approaching Ex-Dividend Date for Special Warrant Dividend
NEWPORT BEACH, Calif., May 21, 2025 (GLOBE NEWSWIRE) -- GivBux, Inc. (OTC: GBUX), a publicly traded Super App and charitable giving platform, announces that the ex-dividend date for its previously declared special warrant dividend is set for June 5, 2025. Under the terms of the special warrant dividend, GivBux will issue warrants on a 1-for-10 basis, entitling shareholders to purchase one (1) share of GivBux common stock for every ten (10) shares owned as of June 5, 2025. Each warrant will be exercisable at $4.00 per share, subject to the conditions outlined in the company's Warrant Agreement. To be eligible for the warrant distribution, shareholders must purchase GBUX stock no later than June 4, 2025, as the stock must be settled by the record date of June 5, 2025. The warrants are scheduled to be distributed upon the close of business on June 5, 2025, through electronic book-entry registration. Thereafter, the company will act as its own warrant agent to process any exercise requests. Questions regarding the exercise of warrants may be directed to Secretary and Treasurer Bob Thompson at bob@ 'This initiative reflects our commitment to delivering long-term value as we continue to expand our Super App platform and pursue growth across fintech, retail, and charitable giving,' said Umesh Tim Singh, president of GivBux, Inc. Additional information, including the Warrant Agreement and shareholder instructions, will be available in the company's SEC filings or upon request by Shareholders of the Company. About GivBux, Inc. The GivBux Super App revolutionizes shopping by offering a user-friendly tool to make purchases swiftly and easily at over 100 national retailers, along with an expanding roster of local merchants. Users earn cash back on every purchase, a portion of which can be directed towards a charity of their choice, embodying GivBux Inc.'s commitment to "give back." The GivBux Super App is free to use and available now at Google Play Store (Android) and the Apple App Store (IOS). The GivBux Super App is constantly evolving and adding new enhancements and functionalities, including social networking, e-commerce, banking, messaging, food delivery and transportation. GivBux is forging a new path in ecommerce and charitable giving and aspires to build the largest community of givers, first in the United States and eventually worldwide. For more details and regular updates, visit This press release contains 'forward-looking statements.' Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by GivBux, Inc. in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. The Company intends that all statements included herein, including those referring to future revenues and earnings, be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995. Contact: Umesh Singh, PresidentEmail: ir@ Instagram: X (formerly Twitter): in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
The LGL Group, Inc. Reports First Quarter 2025 Results
Orlando, Florida--(Newsfile Corp. - May 15, 2025) - The LGL Group, Inc. (NYSE American: LGL) ("LGL," "LGL Group," or the "Company") announced today its financial results for the first quarter ended March 31, 2025. Cash and cash equivalents and marketable securities were $42.0 million as of March 31, 2025 Form S-1 expected to be filed in second quarter with an amended Warrant Agreement that includes over-subscription privilege P3 Logistic Solutions' tactical edge artificial intelligence contract development strengthens Precise Time and Frequency revenues increased 27% in Q1 2025 Morgan Group Holding Co. receives GAMCO final agreements and is expected to close within second quarter Results from Operations Total revenues increased $30,000 to $918,000 for the three months ended March 31, 2025 from $888,000 for the three months ended March 31, 2024 primarily due to higher shipments in the Electronic Instruments segment. Net (loss) income available to LGL Group common stockholders was ($6,000) for the three months ended March 31, 2025 compared with $21,000 for the three months ended March 31, 2024. The decrease was primarily due to: lower Net investment income on investments in U.S. Treasury money market funds due to lower yields; higher Manufacturing costs of sales driven by the increase in Net sales; and higher Engineering, selling and administrative costs related to an increase in salaries and wages. The decrease was partially offset by higher Net sales due to higher backlog as of December 31, 2024. Gross Margin Gross margin increased to 52.4% for the three months ended March 31, 2025 compared to 48.0% for the three months ended March 31, 2024. The increase in gross margins reflects a higher margin product mix. Backlog As of March 31, 2025, our order backlog was $295,000, a decrease of $41,000 from $336,000 as of December 31, 2024. The backlog of unfilled orders includes amounts based on purchase orders, which we have determined are firm orders likely to be fulfilled primarily in the next 12 months but most of the backlog will ship in the next 90 days. Liquidity Our working capital metrics were as follows: (in thousands) March 31, 2025 December 31, 2024 Current assets $ 42,820 $ 42,642 Less: Current liabilities 1,013 904 Working capital $ 41,807 $ 41,738 As of March 31, 2025, LGL Group had investments (classified within Cash and cash equivalents and Marketable securities) with a fair value of $41.7 million, of which $24.9 million was held within the Merchant Investment business. Board of Directors Changes Michael J. Ferrantino, Jr. and Timothy Foufas will not stand for re-election to the Board of Directors of LGL Group at the Company's Annual Meeting of Stockholders on June 2, 2025. The decision reflects their intention to dedicate greater focus to launching the previously announced Connectivity Partnership. "We remain committed to enhancing stockholder value and are excited to continue supporting LGL Group through the Company's strategic investment in the Connectivity Partnership," said Mr. Ferrantino and Mr. Foufas. About The LGL Group, Inc. The LGL Group, Inc. ("LGL," "LGL Group," or the "Company") is a holding company engaged in services, merchant investment and manufacturing business activities. Precise Time and Frequency, LLC ("PTF") is a globally positioned producer of industrial Electronic Instruments and commercial products and services. Founded in 2002, PTF operates from our design and manufacturing facility in Wakefield, Massachusetts. Lynch Capital International LLC is focused on the development of value through investments. LGL Group was incorporated in 1928 under the laws of the State of Indiana, and in 2007, the Company was reincorporated under the laws of the State of Delaware as The LGL Group, Inc. We maintain our executive offices at 2525 Shader Road, Orlando, Florida 32804. Our telephone number is (407) 298-2000. Our Internet address is LGL common stock and warrants are traded on the NYSE American under the symbols "LGL" and "LGL WS," respectively. LGL Group's business strategy is primarily focused on growth through expanding new and existing operations across diversified industries. The Company's engineering and design origins date back to the early 1900s. In 1917, Lynch Glass Machinery Company ("Lynch Glass"), the predecessor of LGL Group, was formed and emerged in the late 1920s as a successful manufacturer of glass-forming machinery. Lynch Glass was then renamed Lynch Corporation ("Lynch") and was incorporated in 1928 under the laws of the State of Indiana. In 1946, Lynch was listed on the "New York Curb Exchange," the predecessor to the NYSE American. The Company has a had a long history of owning and operating various business in the precision engineering, manufacturing, and services sectors. Cautionary Note Concerning Forward-Looking Statements This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, such as those pertaining to the Company's financial condition, results of operations, business strategy and financial needs. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words "believe," "expect," "anticipate," "should," "plan," "will," "may," "could," "intend," "estimate," "predict," "potential," "continue" or the negative of these terms and similar expressions, as they relate to LGL Group, are intended to identify forward-looking statements. These forward-looking statements are largely based on current expectations and projections about future events and financial trends that may affect the financial condition, results of operations, business strategy and financial needs of the Company. They can be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the filings made by LGL Group with the Securities and Exchange Commission ("SEC"), including those risks set forth under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 as filed with the SEC on March 31, 2025. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release. These forward-looking statements speak only as of the date of this press release. LGL Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. ### Contact: The LGL Group, The LGL Group, Statements of Operations(Unaudited) Three Months Ended March 31, (in thousands, except share data) 2025 2024 Revenues: Net sales $ 498 $ 392 Net investment income 417 499 Net gains (losses) 3 (3) Total revenues 918 888 Expenses: Manufacturing cost of sales 237 204 Engineering, selling and administrative 640 605 Total expenses 877 809 Income from operations before income taxes 41 79 Income tax expense 28 36 Net income 13 43 Less: Net income attributable to non-controlling interests 19 22 Net (loss) income attributable to LGL Group common stockholders $ (6) $ 21 (Loss) income per common share attributable to LGL Group common stockholders: Basic $ (0.00) $ 0.00 Diluted $ (0.00) $ 0.00 Weighted average shares outstanding: Basic 5,352,937 5,352,937 Diluted 5,352,937 5,604,430 The LGL Group, Balance Sheets(Unaudited) (in thousands) March 31, 2025 December 31, 2024 Assets: Current assets: Cash and cash equivalents $ 41,925 $41,585 Marketable securities 20 17 Accounts receivable, net of reserves of $52 and $52, respectively 306 493 Inventories, net 241 267 Prepaid expenses and other current assets 328 280 Total current assets 42,820 42,642 Right-of-use lease assets 293 308 Intangible assets, net 30 36 Deferred income tax assets 159 159 Total assets $ 43,302 $43,145 Liabilities: Total current liabilities 1,013 904 Non-current liabilities 1,027 1,001 Total liabilities 2,040 1,905 Stockholders' equity: Total LGL Group stockholders' equity 39,233 39,230 Non-controlling interests 2,029 2,010 Total stockholders' equity 41,262 41,240 Total liabilities and stockholders' equity $ 43,302 $43,145 The LGL Group, Results(Unaudited) Three Months Ended March 31, (in thousands) 2025 2024 $ Change % Change Revenues: Electronic Instruments $ 498 $ 392 $ 106 27.0% Merchant Investment 247 289 (42) -14.5% Corporate 173 207 (34) -16.4% Total revenues 918 888 30 3.4% Expenses: Electronic Instruments 479 390 89 22.8% Merchant Investment 94 49 45 91.8% Corporate 304 370 (66) -17.8% Total expenses 877 809 68 8.4% Income (loss) from operations before income taxes Electronic Instruments 19 2 17 850.0% Merchant Investment 153 240 (87) -36.3% Corporate (131) (163) 32 -19.6% Income from operations before income taxes 41 79 (38) -48.1% Income tax expense 28 36 (8) -22.2% Net income 13 43 (30) -69.8% Less: Net income attributable to non-controlling interests 19 22 (3) -13.6% Net (loss) income attributable to LGL Group common stockholders $ (6) $ 21 $ (27) -128.6% To view the source version of this press release, please visit 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
Business Upturn
22-04-2025
- Business
- Business Upturn
GivBux, Inc. Finalizes Terms of Special Warrant Dividend for Shareholders
Newport Beach, Calif., April 21, 2025 (GLOBE NEWSWIRE) — GivBux, Inc. (OTC: GBUX) ('GivBux' or the Company'), a publicly traded Super App and charitable giving platform, today announced the finalized terms of its previously approved special dividend for shareholders. The Board of Directors has confirmed that the dividend will consist of warrants issued on a 1-for-10 basis, granting shareholders the right to purchase one share of GivBux common stock for every 10 shares owned. Each warrant will be exercisable at $4.00 per share, subject to the terms and conditions outlined in the Company's Warrant Agreement. The ex-dividend date will be May 15, 2025 with a distribution date of May 21, 2025. The warrants are expected to provide shareholders with a unique opportunity to participate in the potential future growth of the Company as it continues to scale its innovative Super App platform and expand its global reach. 'This dividend demonstrates our ongoing commitment to creating value for our shareholders,' said Umesh Tim Singh, President of GivBux, Inc. 'As we pursue transformative opportunities in fintech, retail, and charitable giving, we're excited to align shareholder interests with the long-term success of our platform.' The warrants will be issued electronically via book-entry registration and may be exercised under the terms outlined in the Warrant Agreement, which will be made available on the Company's website and through applicable regulatory filings. Further details regarding the warrant issuance, including important dates and instructions for shareholders, will be announced in upcoming communications. About GivBux, Inc. The GivBux Super App revolutionizes shopping by offering a user-friendly tool to make purchases swiftly and efficiently at over 100 national retailers and an expanding roster of local merchants. Users earn cash back on every purchase, a portion of which can be directed towards a charity of their choice, embodying GivBux Inc.'s commitment to 'give back.' The GivBux Super App is free to use and available now on the Google Play Store (Android) and the Apple App Store (IOS). The GivBux Super App constantly evolves and adds new enhancements and functionalities, including social networking, e-commerce, banking, messaging, food delivery, and transportation. GivBux is forging a new path in e-commerce and charitable giving and aspires to build the largest community of givers, first in the United States and eventually worldwide. For more details and regular updates, visit This press release contains 'forward-looking statements.' Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by GivBux, Inc. in our reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. The Company intends that all statements included herein, including those referring to future revenues and earnings, be subject to the 'Safe Harbors' provision of the Private Securities Litigation Reform Act of 1995. Contact: Umesh Singh, President Email: [email protected] Instagram: X (formerly Twitter): Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
