Edtech Firm PowerSchool Prices Its US$711 Million IPO
Software firm for K-12 education PowerSchool Holdings, Inc., (NYSE: PWSC) began trading on the New York Stock Exchange yesterday under the symbol “PWSC”. The firm prices its initial public offering for aggregate proceeds of approximately US$710.5 million. The offering consists of 39,473,685 Class A common shares at US18.00 per share. Proceeds from the offering are […]
Alamos Gold Records US$195.1 Million In Revenue, US$172.5 Million Net Loss For Q2 2021
Alamos Gold Inc. (TSX: AGI) shared this morning its financial results for Q2 2021, highlighting revenue of $195.1 million. This is an increase from Q2 2020’s revenue of US$126.2 million. The company also produced 114,200 gold ounces during the quarter from its Young Davidson, Island Gold, and Mulatos sites. For the first six months, gold […]
Kirkland Lake Gold Declares US$662.7 Million In Revenue For Q2 2021
Kirkland Lake Gold Ltd. (TSX: KL) reported today its financial and operational results for Q2 2021, which highlighted revenue of US$662.7 million. This is an increase from last quarter’s US$551.8 million and last year’s US$581.0 million. The company attributes the revenue growth to the increase in average gold prices and the amount of gold ounces […]
Robinhood’s IPO to be Priced at $38 Per Share
Robinhood’s IPO is expected to hit the Nasdaq today, but it appears that unenthusiastic demand has forced the trading platform to price its shares below expectations. According to the Wall Street Journal, which cited individuals familiar with the matter, Robinhood shares that will be sold in the IPO are priced at $38 each, which is […]
Federal Charges Levied Against Nikola Founder Trevor Milton Related To Misleading Investors
It appears that Hindenburg Research has done it again. Following the firms work on Nikola Corp (NASDAQ: NKLA), it appears that the firms founder, Trevor Milton, has found himself in hot water yet again. This time however, its with the law. It was announced this morning that Milton was charged by the US Attorney’s office […]
O2Gold Identifies Two New Veins Following Geophysical Surveys
O2Gold Inc (TSXV: OTGO) has finally received the results of its geophysical surveys conducted at its flagship Aurora property, located in Colombia. The results of the program are said to be positive, with the data clearly defining four separate systems on the property. While the four systems were said to be known to exist on […]
Banyan Gold Raises $11.9 Million In First Tranche Of Private Placement
Banyan Gold (TSXV: BYN) last night announced that it has closed the first tranche of its outstanding private placement. The tranche saw a total of $11.9 million in gross proceeds raised. The tranche is in connection with a currently outstanding $16.0 million financing being undertaken by the company. Announced two weeks ago, the financing consists […]
EarthRenew Secures Debt Facility To Fund Future Growth
EarthRenew Inc (CSE: ERTH) has secured additional funding to support growth. The firm last night announced that it has secured a total of $3.2 million in new debt facilities that will be used for planned expansions of its operations. The funding was provided by Agriculture Financial Services Corporation, with funding provided directly to the firms […]
Tilray Reports FY2021 Results: US$513.1 Million In Revenue, US$336.0 Million Net Loss
Tilray Inc. (TSX: TLRY) released yesterday morning its full-year financial results for the 2021 fiscal year ending May 31, 2021, highlighting an annual revenue of US$513.1 million. This is an increase from FY2020’s revenue of US$405.3 million. The annual revenue breakdown includes US$201.4 million cannabis revenue and US$277.3 million distribution revenue. Rounding up the figure […]
Bitcoin Rebounds As Binance Announces Limits On Withdrawals, Leverage
Bitcoin rebounded on Wednesday from the previous day’s lows, after cryptocurrency exchange platform Binance said it would further limit leverage and withdrawals. The world’s largest cryptocurrency rebounded over 7% on Wednesday to around $39,600 at the time of writing, recovering from Tuesday’s losses. Similarly, ethereum is also trading nearly 5% above yesterday’s levels. The latest […]