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Empress Approves Stock Options and Equity Incentives
Empress Royalty Corp. (EMPR) announced strategic moves to incentivize key personnel. The company granted 1,400,000 stock options at $0.68, vesting over three years, and 1,750,000 restricted share units (RSUs) and 650,000 deferred share units (DSUs), vesting over two years. These initiatives aim to align employee interests with long-term shareholder value, demonstrating Empress’ commitment to rewarding performance and fostering a culture of ownership. Empress focuses on gold and silver investments using royalty and streaming models.
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Draganfly Exercises Over-Allotment Option Further
Draganfly Inc. announced the partial exercise of the over-allotment option from its recent US$3.6 million public offering. Maxim Group LLC purchased an additional 100,000 common shares at US$2.09 per share, generating US$209,000. Proceeds will fund operations, growth initiatives, product development, and potential strategic acquisitions. The offering was executed under a prior shelf registration, with securities sold exclusively in the U.S.
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PEN Entertainment Responds to ISS Report
PENN Entertainment and HG Vora are aligned on director nominees, Johnny Hartnett and Carlos Ruisanchez, for the upcoming 2025 Annual Meeting. Following an ISS report, PENN urges shareholders to vote for these candidates, who they feel are best positioned to execute the company’s strategic plan. PENN also expressed concerns regarding William Clifford’s candidacy and highlighted issues with HG Vora’s institutional waivers.
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Shoal Point CEO Letter: Clarification
Shoal Point Energy (SHP) clarifies its operational costs, exceeding $100,000 annually for CSE listing, including legal, accounting, and auditing expenses. The company faces potential regulatory actions, including a Cease Trade Order and delisting, if it fails to comply. Simultaneously, Shoal Point is engaged in a $483 million lawsuit against the Newfoundland government over alleged expropriation of oil and gas assets.
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CORRECTION: Binah Capital Group’s PKS Investments Named Finalist for 2025 Wealth Management Industry Awards in Two Categories
PKS Investments, a Binah Capital Group company, is a finalist in two categories for the 2025 Wealth Management Industry Awards (“The Wealthies”). PKS is recognized for its Transition Support/Transition Services and CEO Katherine Flouton is a finalist for Chief Executive of the Year. This highlights PKS’s expertise in supporting advisors and leadership within the wealth management sector, showcasing Binah Capital’s commitment to empowering independent financial advisors. Winners will be announced September 4th in NYC.
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Venus Concept Announces Registered Direct Offering of Up to $3.45 Million Under Nasdaq Rules
Venus Concept is raising capital through a registered direct offering. The company aims to raise $1.15 million initially by selling common stock at $2.65 per share, with an additional $2.3 million possible through warrants. The offering, which is expected to close around June 9, 2025, will provide funds for general corporate purposes. Venus Concept, a medical aesthetic technology provider in over 60 countries, offers a range of devices and is driven by investors in the healthcare industry.
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BAB, Inc. Declares Cash Distribution
BAB, Inc. announced a quarterly cash dividend of $0.01 per share, payable July 14, 2025. This reinforces their commitment to shareholder value. A portion of the distribution may be classified as a return of capital. The final dividend composition, based on the company’s 2025 performance, will be determined in January 2026. BAB, Inc., a franchisor of food brands like Big Apple Bagels®, navigates the competitive food service sector, with this dividend affecting investor perception.
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Eskay Mining Kicks Off 2025 Exploration Campaign This Month
Eskay Mining Corp. is launching an aggressive June exploration campaign in British Columbia’s Golden Triangle, focusing on the high-grade gold veins at its Consolidated Eskay project. They aim to expand the Vermillion zone, where significant assays were discovered in 2024. CEO Mac Balkam highlights the project’s potential, citing its proximity to Newmont’s Brucejack Mine and aiming to refine a drilling strategy. Exploration will also target the Ted Morris and Big Red zones.
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Pony.ai Launches Road Testing of Gen-7 Robotaxis in Guangdong, China
Pony.ai is accelerating its Robotaxi ambitions, beginning public road testing of its seventh-generation autonomous vehicles in Guangzhou and Shenzhen, China. Built on GAC’s Aion V model, the Gen-7 system boasts automotive-grade components, reduced costs, and versatile design. With advanced sensors and the “PonyWorld” model, the company aims for full-scenario operation. Strategic partnerships and over 45 million kilometers of testing position Pony.ai for mass production and a fleet exceeding 1,000 vehicles by the end of 2025.
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Transaction in Own Shares
Diversified Energy Company PLC announced the repurchase of 31,898 ordinary shares on June 5, 2025, at an average price of $13.9421 per share. The repurchased shares will be retired, resulting in 78,672,415 ordinary shares outstanding.