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PARKS! AMERICA INC - PRKA STOCK NEWS

Welcome to our dedicated page for PARKS! AMERICA news (Ticker: PRKA), a resource for investors and traders seeking the latest updates and insights on PARKS! AMERICA stock.

Parks! America Inc (PRKA) is a company specializing in the operation of recreational parks and attractions across the United States. They offer a unique experience for visitors through their animal safaris, amusement rides, and entertainment shows. With a focus on shareholder-friendly actions and corporate governance improvements, Parks! America continues to provide value to their investors. Recent financial highlights and developments showcase the company's commitment to growth and excellence.

News

Parks! America Addresses False FC Assertions

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Parks! America, Inc. addresses false assertions made by Focused Compounding (FC) regarding the upcoming Annual Meeting of Stockholders. FC's attempt at a hostile takeover has caused confusion and financial strain on the company. Despite PRKA's efforts to settle, FC continues to reject offers and aims to control the company without majority ownership. FC's nominees lack relevant experience to revitalize PRKA. FC's actions, including lawsuits and potential cost recovery, raise concerns about their intentions. CEO Lisa Brady has made significant progress in improving the company since taking over in 2022. Independent proxy advisory firms recommend voting against FC's proposals. PRKA urges shareholders to vote on the WHITE card for the upcoming Annual Meeting on June 6, 2024.

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Parks! America Interim Chairman Issues Open Letter to Shareholders

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Parks! America's interim Chairman, Charles Kohnen, issues an open letter to shareholders addressing concerns of being misled by Focused Compounding Fund, L.P. He urges shareholders to reach out if they feel disenfranchised and highlights his significant shareholding in the company.
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Parks! America Responds to FC Open Letter of April 2, 2024

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Parks! America, Inc. responds to Focused Compounding, 's bid to take control of the Company by refuting claims and highlighting the experience of current management. The PR discusses concerns over potential management changes, past issues under previous leadership, and the Company's path forward under CEO Lisa Brady.
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Focused Compounding Rejects Offer for Three Board Seats and Appears Intent on Recovering All of Its Proxy Expenses from Stockholders

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Parks! America, Inc. (PRKA) announces rejection of settlement proposal by Focused Compounding Fund, L.P. The proposal offered FC three board seats on the Company's seven-member Board, exceeding FC's current stake. Despite attempts to engage in settlement talks, FC continues to refuse and divert resources. FC's unreasonable demands for control without paying a premium to stockholders cause concern. The Company faces a costly and distracting proxy fight at the upcoming Annual Meeting due to FC's actions.
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Parks! America, Inc. Cites Focused Compounding’s Principals’ Lack of Relevant Corporate Experience

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Parks! America, Inc. advises stockholders to reject the dissident slate of directors offered by Focused Compounding Fund, L.P. The nominees lack experience in operating a public company and managing a wildlife safari entertainment company. Stockholders are urged to vote for the Company's slate of director candidates.
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WILD ANIMAL SAFARI® PINE MOUNTAIN CELEBRATES REMARKABLE RECOVERY ONE YEAR AFTER DEVASTATING TORNADO

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Parks! America (PRKA) commemorates the one-year anniversary of a tornado that struck its Wild Animal Safari Park, showcasing resilience in overcoming significant challenges. The park invested $1 million in reconstruction efforts, including repairing animal habitats, park infrastructure, and enhancing the guest experience, after suffering a $1 million revenue loss due to storm damage. Despite setbacks, the park remains committed to providing a memorable wildlife adventure for visitors.
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Parks! America, Inc. CEO to Visit Wild Animal Safari Park in Pine Mountain, Georgia

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Parks! America, Inc. (PRKA) CEO Lisa Brady visits Wild Animal Safari park to mark the one-year anniversary of a tornado hit, highlighting the park's recovery and operational improvements. The park reopened in 20 days post-tornado, focusing on new attractions and enhancing visitor experiences for the 2024 high season.
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Parks! America, Inc. Updates Slide Presentation on Corporate Website

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Parks! America, Inc. (PRKA) updates investor presentation with CEO's narration, focusing on enhancing properties and attracting customers.
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Parks! America, Inc. Issues 2024 Shareholder Letter

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Parks! America, Inc. (PRKA) issues its 2024 Shareholder Letter outlining strategic initiatives for shareholder value enhancement. Despite challenges like a tornado and activist investor, the company is on track for recovery and growth. Key focus areas include park asset investments, operational efficiencies, marketing, customer satisfaction, and enhanced shareholder communications.
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Parks! America, Inc. Reports First Quarter Fiscal 2024 Financial Results

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Parks! America, Inc. (PRKA) announces Q1 2024 results with $1.90 million in consolidated revenues, showing a 2.0% increase. Texas park revenue surged by 22%, while Missouri park revenue grew by 2%. Annual memberships soared over 9-fold due to effective marketing. Debt-to-equity ratio improved to 0.27. The company reported a net loss of $369,255. Recent developments include adopting a shareholder rights plan and appointing Charles Kohnen as interim Chairman.
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FAQ

What is the current stock price of PARKS! AMERICA (PRKA)?

The current stock price of PARKS! AMERICA (PRKA) is $0.41 as of December 20, 2024.

What is the market cap of PARKS! AMERICA (PRKA)?

The market cap of PARKS! AMERICA (PRKA) is approximately 32.6M.

What does Parks! America Inc specialize in?

Parks! America Inc specializes in operating recreational parks and attractions across the United States, offering experiences like animal safaris, amusement rides, and entertainment shows.

What is the focus of Parks! America's actions?

Parks! America focuses on shareholder-friendly actions and corporate governance improvements to provide value to their investors.

What recent highlights showcase Parks! America's commitment to growth?

Recent financial highlights and developments demonstrate Parks! America's dedication to growth and excellence.

Where can additional information about Parks! America be found?

Additional information, including financial reports, can be found on Parks! America's website at http://www.animalsafari.com.

Who are the key contacts at Parks! America?

Key contacts at Parks! America include Lisa Brady, President and Chief Executive Officer, and Todd R. White, Chief Financial Officer.

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PARKS! AMERICA INC

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PRKA Stock Data

32.56M
21.82M
71.78%
Leisure
Consumer Cyclical
Link
United States of America
Pine Mountain