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Parks Amer Inc - PRKA STOCK NEWS

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

Parks! America Inc. (PRKA) operates immersive wildlife parks and family attractions, blending educational experiences with recreational entertainment. This news hub provides investors and enthusiasts with timely updates on operational developments, financial milestones, and strategic initiatives shaping this unique player in the themed attractions sector.

Discover official press releases covering earnings reports, partnership announcements, and visitor experience enhancements. Our curated collection serves as a reliable resource for tracking PRKA's commitment to operational excellence and its evolving role in nature-based family entertainment.

Key updates include safari-park expansions, seasonal event launches, and sustainability initiatives. Bookmark this page for direct access to primary source materials that illuminate the company's approach to balancing conservation education with profitable recreation operations.

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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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Parks! America, Inc. (PRKA) will host a conference call to discuss its first-quarter fiscal year 2024 financial results. Interested parties can access the call via phone or webcast. A replay will be available for 90 days.
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Parks! America, Inc. (PRKA) has filed its preliminary proxy statement with the SEC for its Special Meeting of Stockholders on February 26, 2024. The company urges stockholders to wait for the definitive proxy statement and WHITE Proxy Card before voting. An open letter to Focused Compounding was also issued, emphasizing the CEO's focus on maximizing value and building a stronger operational and financial foundation.
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Parks! America, Inc. (PRKA) announced the adoption of a limited duration shareholder rights plan to protect shareholders' interests and maximize value. The plan aims to prevent any person or group from gaining control of the company without negotiating with the Board and paying an appropriate control premium to all shareholders. Each outstanding share of the Company’s common stock will receive one right under the plan, which becomes exercisable if a person or group acquires beneficial ownership of 10% or more of the Company’s outstanding common stock.
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Parks! America, Inc. (PRKA) announces its 2024 Annual Meeting of Shareholders to be held virtually on June 6, 2024, along with an Investor Day at Wild Animal Safari. The company's CEO, Lisa Brady, highlights progress made in 2023, despite challenges including a tornado damaging a revenue-generating property. The company aims to focus on corporate governance, communications, and investor relations to drive future growth.
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Parks! America, Inc. (PRKA) received a notice from Focused Compounding Fund, LP demanding a special meeting of shareholders to vote on proposals for the removal of directors and the election of a new Board of Directors. The proposed changes would result in an implicit takeover of the company by a shareholder without offering a premium to other shareholders. The company has empaneled a Special Committee to address issues related to the Special Meeting to ensure actions taken are in the best interests of the company and all its shareholders. Management and the Board of Directors remain committed to maintaining constructive dialogue and engagement with all shareholders.
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Parks! America, Inc. (PRKA) reported a decrease in total revenues for fiscal 2023, with a positive EBITDA of $1.2 million despite a $1.0 million loss due to a tornado event at their Georgia Park. The company remains focused on near-term growth and long-term inorganic expansion.
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Park revenues in Q3 decreased by 4% on a pro forma basis, after adjusting for the revenue impact of the tornado at the Georgia Park. The majority of the Walk
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Parks! America announced plans for significant capital investments across its animal safari theme parks in 2023 to enhance animal education and conservation. New exhibits will open at Pine Mountain in April, including an expanded aviary and a ring-tailed lemur exhibit. Springfield will introduce an Asian small-clawed otter exhibit in March, while Aggieland will add two new exhibits and a restaurant in spring 2023. These developments aim to provide guests with memorable experiences.

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Parks Amer Inc

OTC:PRKA

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30.28M
20.30M
73.19%
Leisure
Consumer Cyclical
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United States
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