Howard Todd Horberg, an activist shareholder owning 5.61% of Equus Total Return, Inc., filed a Schedule 13D with the SEC calling for immediate board accountability and a strategic review ahead of the June 30 annual meeting. He highlights the company's poor performance under current management since 2011, including five consecutive years of net investment losses, a 65% drop in net asset value over two years, no dividends since 2009, and near-delisting from the NYSE. Horberg criticizes excessive executive compensation despite poor results and limited board independence, urging suspension of automatic salary increases and an independent financial advisor to explore mergers or acquisitions. He stresses the need for a third-party appraisal of the company's main private asset and halting share issuances below net asset value until a strategic review is completed.
Shirofune has introduced Walmart Connect, an integration that allows advertisers and agencies to manage Walmart retail media campaigns alongside other digital channels within a single platform. This automation reduces manual bid adjustments and repor...
Purecore Metals Inc. has signed a non-binding letter of intent with Skyharbour Resources to acquire an option to earn up to 100% interest in the Yurchison uranium property in Saskatchewan's Athabasca Basin. The property covers over 35,000 hectares an...
Point completed a $508.6 million rated asset-backed securitization of its Home Equity Investment (HEI) assets, marking the largest transaction ever in the HEI asset class. The deal attracted over 30 institutional investors and priced at significantly...
The global reactive hot melt adhesives market is projected to grow from $2.02 billion in 2025 to $4.29 billion by 2035, at a CAGR of 7.72%. Growth is driven by regulations limiting solvent-based adhesives, increased use of polyurethane adhesives in a...
Cardano has introduced native support for BLS12-381 elliptic curve cryptography in its Plutus smart contracts, enabling the verification of thousands of signatures on-chain at a low and predictable cost. This technology compresses multiple signatures...
