Drone maker Red Cat ( RCAT ) priced an underwritten public offering of 23.94M shares of common stock at $9.40 per share. Gross proceeds are expected to be about $225M. The underwriters have a 30-day option to purchase up to an additional 3.59M shares at the public offering price. The offering is expected to close on or about May 14, 2026. Red Cat said proceeds will be used for general corporate pu...
Drone maker Red Cat ( RCAT ) priced an underwritten public offering of 23.94M shares of common stock at $9.40 per share. Gross proceeds are expected to be about $225M. The underwriters have a 30-day option to purchase up to an additional 3.59M shares at the public offering price. The offering is expected to close on or about May 14, 2026. Red Cat said proceeds will be used for general corporate purposes and to accelerate strategic growth initiatives, including acquisitions, business expansion, R&D, capital expenditures and working capital. Shares of Red Cat ( RCAT ) fell about 10% in after-hours trading following the announcement. More on Red Cat Holdings Red Cat Holdings Q1 2026: Revenue Miss, EPS Miss, But 850% YoY Growth Signals Momentum Red Cat Holdings, Inc. (RCAT) Q1 2026 Earnings Call Transcript Red Cat: A High-Risk Bet On The Future Of Warfare Stocks to watch on Tuesday after hours: REI, RCAT, AEP Red Cat launches $200M public stock offering; shares down
Uzbekistan’s national investment fund rose in its London trading debut, after the government sold a $604 million stake. The London-listed global depositary receipts opened at $26, after the Ministry of Economy and Finance sold 23.4 million units at a fixed price of $25 apiece, according to a statement on Wednesday. In total, the ministry sold 31% stake in the fund, known as UzNIF, in both London a...
Uzbekistan’s national investment fund rose in its London trading debut, after the government sold a $604 million stake. The London-listed global depositary receipts opened at $26, after the Ministry of Economy and Finance sold 23.4 million units at a fixed price of $25 apiece, according to a statement on Wednesday. In total, the ministry sold 31% stake in the fund, known as UzNIF, in both London and Tashkent, valuing it at $1.95 billion. Managed by a unit of Franklin Templeton, UzNIF holds stakes of between 25% and 40% in 13 companies across utilities, energy production, telecommunications, banking and transportation. The largest holding is Uzbekistan Airways, which carried about 6.6 million passengers last year. Many of the fund’s portfolio companies, including the airline, are also slated for their own IPOs in the coming years. Read: State Fund IPO Opens Door to Buy Into Uzbekistan’s Growth Story The IPO is part of Uzbekistan’s plan to move toward a more market-led economy. About 3% of the deal was allocated to the Tashkent offering, where the primary listing is held. Shares were sold in Tashkent at 4.65 soum each and a 5% discount was offered to retail investors, according to Wednesday statement. BlackRock, Franklin Resources, Redwheel, and the Allan & Gill Gray Foundation acted as cornerstone investors, agreeing to buy about $300 million of UzNIF’s GDRs. “Front-loaded risks could weigh on the near-term performance,” analysts at Römer Capital led by Alex Kantarovich wrote in a note dated May 7, citing similar vehicles trading at a discount. “The best way to play it in our view is to sit out the IPO and pick up in the secondary market at a better entry point and hold for the long run,” the analysts wrote. The investment company calculated a total fair value for the fund of $2.7 billion, but expected it to trade at a NAV of $2.03 billion or $26 per GDR. The offering was arranged by Jefferies Financial Group Inc. and UzNIF trades under the symbol UZNF.
Walmart Storefront Trevor Srednick/iStock Editorial via Getty Images It isn’t a regular occurrence when a very mature company’s stock price more than doubles in less than 2 1/2 years, posting a compounded annual growth rate of around 50% over that time. But this is precisely what Walmart Inc. ( WMT )—one of the largest and most well-known companies in the world—has done since the beginning of 2024...
Walmart Storefront Trevor Srednick/iStock Editorial via Getty Images It isn’t a regular occurrence when a very mature company’s stock price more than doubles in less than 2 1/2 years, posting a compounded annual growth rate of around 50% over that time. But this is precisely what Walmart Inc. ( WMT )—one of the largest and most well-known companies in the world—has done since the beginning of 2024. I recommended Walmart in a previous article based on the technical performance of the stock. In this article, I make the case that Walmart continues to be a good buy despite now-high valuations. I also believe that there’s a strong chance that the company will announce a stock split in the near future. Walmart’s Business The largest retailer in the world and one of only 12 companies with a trillion-dollar market capitalization, Walmart is one of the world’s best-known companies. The company operates 11,000 stores across 19 countries. To support the retail stores, the company has an unrivaled worldwide distribution system, with more than 200 centralized sites. This distribution system has supported Walmart’s move into e-commerce. The company took its first steps to provide online retailing in 1996 when it created the Walmart.com and SamsClub.com websites. From that small start 30 years ago, Walmart has gone all-in on expanding its e-commerce business with positive results. Over each of the last three years, the company has grown eCommerce sales by a minimum of 19% per year, with sales up 24% in fiscal 2026. (Walmart’s fiscal year ends on January 31st). The growth in eCommerce revenues has created another profit line—Walmart provides advertising solutions for third-party sellers on its websites. Although currently less than 10% of net revenues, advertising revenues are growing quickly—46% in fiscal 2026 alone. Overall, eCommerce now comprises 21% of total company sales and is a primary factor in the growth of total company sales and earnings: Walmart Annual Sales (Finviz.co...
Getty Images Performance Review ▪ The Fund (Institutional Class) returned -0.48 percent in the first quarter, compared with a 0.85 percent return for the ICE Bank of America U. S. 3-Month Treasury Bill Index, and a -0.70 percent return for the 25 percent High Yield / Bank Loan / Investment-Grade / Emerging Market Index. ▪ Income generation was the primary driver of performance during the quarter. ...
Getty Images Performance Review ▪ The Fund (Institutional Class) returned -0.48 percent in the first quarter, compared with a 0.85 percent return for the ICE Bank of America U. S. 3-Month Treasury Bill Index, and a -0.70 percent return for the 25 percent High Yield / Bank Loan / Investment-Grade / Emerging Market Index. ▪ Income generation was the primary driver of performance during the quarter. ▪ Exposure to precious metals contributed positively to performance. ▪ Duration positioning detracted from performance as short-to-intermediate term rates rose over the quarter. ▪ Spread widening in below-investment-grade corporate credit and collateralized loan obligations (CLOs), driven by heightened geopolitical tensions, was the largest detractor from performance. Strategy and Positioning ▪ The Fund increased Agency residential mortgage-backed securities ( RMBS ) exposure reflecting a view that mortgages offer strong relative value. ▪ Below investment grade credit allocations were selectively increased during the quarter. The Fund used the period of spread widening to add modestly, building from a lower-risk posture entering the quarter. ▪ Within securitized markets, the Fund increased its allocation to structured credit sectors, with a focus on select asset-backed securities (ABS) subsectors and non-qualified mortgage (non-QM) RMBS. ▪ Given strong performance of precious metals, the Fund pared its exposure and added collars to help protect against downside risks. QTD Contributors / Detractors ▪ Carry contributed 1.4 percent to return while duration detracted by 0.4 percent. ▪ Spread widening across corporate credit detracted from performance ▪ Spread widening across CLOs detracted from performance. ▪ Spread widening in Agency RMBS detracted moderately. ▪ Precious metals exposure was additive to performance Economic and Market Review ▪ U. S. economic growth began the year on a solid foot, backed by tailwinds from artificial intelligence ( AI ), fiscal policy, and suppor...
Photo: AI generated China is tightening its grip on pharmaceutical sales practices, rolling out stringent new regulations to eradicate pervasive corruption and kickbacks in the country’s sprawling healthcare sector. On May 7, seven government bodies — including the National Medical Products Administration, the Ministry of Public Security and the National Health Commission — jointly issued the Phar...
Photo: AI generated China is tightening its grip on pharmaceutical sales practices, rolling out stringent new regulations to eradicate pervasive corruption and kickbacks in the country’s sprawling healthcare sector. On May 7, seven government bodies — including the National Medical Products Administration, the Ministry of Public Security and the National Health Commission — jointly issued the Pharmaceutical Representative Management Measures. Slated to take effect on Aug. 1, the sweeping rules aim to standardize drug promotion and steer the pharmaceutical industry toward healthier, orderly growth.
El Paso Locomotive describe forward as ‘a great addition’ Fernández portrayed Dani Rojas in the hit TV show The Ted Lasso actor Cristo Fernández has taken his role as a footballer from the small screen to the soccer pitch after signing a professional contract with the US second-tier side El Paso Locomotive FC. Fernández, who played youth football in Mexico before stepping away from the sport at th...
El Paso Locomotive describe forward as ‘a great addition’ Fernández portrayed Dani Rojas in the hit TV show The Ted Lasso actor Cristo Fernández has taken his role as a footballer from the small screen to the soccer pitch after signing a professional contract with the US second-tier side El Paso Locomotive FC. Fernández, who played youth football in Mexico before stepping away from the sport at the age of 15 owing to a knee injury, portrayed Dani Rojas in the hit Apple TV+ show about a British team with a US coach. Continue reading...
China’s missile buildup runs on a vast network of about 80 firms. Bloomberg analysis shows record revenues and rising civilian involvement, expanding Beijing’s reach just as US stockpiles are diminished by the Iran war. (Source: Bloomberg)
China’s missile buildup runs on a vast network of about 80 firms. Bloomberg analysis shows record revenues and rising civilian involvement, expanding Beijing’s reach just as US stockpiles are diminished by the Iran war. (Source: Bloomberg)
Greece is looking into repaying even more of its bailout loans ahead of schedule this year, a person familiar with the matter said. The country already plans an early repayment next month of €6.9 billion ($8.1 billion) of its bailout-era loans, but if it borrows further funds from markets it will also consider repaying more official sector debt, the person said. Alternatively it could proceed with...
Greece is looking into repaying even more of its bailout loans ahead of schedule this year, a person familiar with the matter said. The country already plans an early repayment next month of €6.9 billion ($8.1 billion) of its bailout-era loans, but if it borrows further funds from markets it will also consider repaying more official sector debt, the person said. Alternatively it could proceed with a buyback of existing bonds, the person added, speaking under the condition of anonymity as there is no final decision yet. The move comes as the country continues to outperform its fiscal targets by producing high primary surpluses — the measure of revenue minus spending, excluding interest payments — and overall budget surpluses. At the same time, its economy has been growing faster than many European peers. A further early debt repayment would follow similar moves in previous years. Last year, Greek Finance Minister Kyriakos Pierrakakis said the government’s planned to repay loans from its first bailout program - known as Greek Loan Facility — 10 years ahead of schedule. Despite having one of the largest debt-to-gross domestic product ratios in the world, Greece could be overtaken by Italy as Europe’s most indebted country in 2026, according to the latest official forecasts by the two countries.