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FPAY

FlexShopper, Inc. (Nasdaq: FPAY) has announced a tentative schedule for its proposed rights offering. The company aims to raise capital to repurchase over 90% of its Series 2 Convertible Preferred Stock, repay part of its credit facility, and fund potential acquisitions.

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November 27, 2024 | 12:45 pm

SW

Smurfit Westrock has successfully closed a USD 850 million green bond offering, enhancing its financial position and commitment to sustainability.

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November 27, 2024 | 12:30 pm

LTHCF

Lithium Ionic Corp. has received a non-binding Letter of Interest from the Export-Import Bank of the United States for US$266 million in debt financing, covering 100% of the CAPEX for its Bandeira Lithium Project in Brazil. This marks a significant step towards construction and production within two years.

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November 27, 2024 | 12:15 pm

SUUN

SolarBank Corporation's subsidiary has secured $3 million in project financing from RE Royalties Ltd. This financing is a significant step for SolarBank's growth and development in the renewable energy sector.

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November 27, 2024 | 12:15 pm

ELVA

Electrovaya Inc. (NASDAQ:ELVA) announced its unaudited FY2024 financial results, projecting $45 million in revenue with a 31% gross margin. The company expects operating profit and improved adjusted EBITDA for FY2024, with FY2025 revenues anticipated to exceed $60 million due to increased demand. A $51 million direct loan from US EXIM Bank is expected to begin disbursements in Q1 2025.

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November 27, 2024 | 12:15 pm

DSX

Diana Shipping (DSX) faces challenges with declining TCE and rising OPEX, leading to lower revenues, EBITDA, and net income. The company announced a significant dividend cut, raising concerns about dividend safety. Despite this, DSX restructured its debt, extending the maturity to 2029, and continued improving its capital structure.

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November 27, 2024 | 8:30 am

USHY

The yield spread between U.S. investment-grade and high-yield bonds has narrowed, posing a risk. Historically, high-yield bonds underperform during spread expansions. The current divergence with the VIX index suggests rising market volatility and declining risk perception.

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November 27, 2024 | 8:30 am

USFR

The US equity market is experiencing high valuation extensions, with overly bullish sentiment indicators. Despite potential Fed rate cuts, USFR remains a safe investment during potential equity corrections.

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November 27, 2024 | 6:30 am

IDRSF

Idorsia Ltd has entered into exclusive negotiations with an undisclosed party for the global rights to aprocitentan. The company plans to streamline its business, potentially making 270 positions redundant, and restructure its outstanding debt.

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November 27, 2024 | 6:15 am

HSBC

HSBC's Paul Bloxham anticipates the Reserve Bank of New Zealand will reduce its official cash rate to 3.25% by the end of 2025, indicating a slowdown in monetary easing.

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November 27, 2024 | 6:00 am