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Tema ETFs has launched the world's first Electrification ETF (VOLT) on Nasdaq, managed by Chris Semenuk, who brings 25 years of experience managing $5bn in global equities at TIAA. The ETF aims to capitalize on the electrification megacycle, where power demand is expected to exceed supply by 2025, creating a 40 GW capacity gap by 2030.
The investment opportunity spans across generation, storage, transmission, and distribution sectors, requiring nearly $7 trillion of investment according to Goldman Sachs. The fund targets companies benefiting from increasing power demands driven by AI, mobility, digitization, and reindustrialization. Semenuk's track record includes managing the Tema American Reshoring ETF (RSHO), which has delivered +66.26% return, outperforming both S&P 500 and S&P 400.
Volt Information Sciences has been acquired by Vega Consulting at a purchase price of
Volt Information Sciences, Inc. (AMEX: VOLT) announced the expiration of its tender offer to acquire shares at $6.00 each, concluding at 11:59 p.m. on April 21, 2022. A total of 19,423,599 shares, approximately 87.89% of outstanding shares, were validly tendered. Merger Sub plans to exercise a 'top-up' option to purchase more shares, aiming for over 90% ownership, and intends to conduct a short-form merger on April 25, 2022, after which Volt will become a wholly owned subsidiary of Vega Consulting, Inc. and will be delisted from NYSE American.
Volt Information Sciences, Inc. (NYSE American: VOLT) has announced the cancellation of its 2022 Annual Meeting of Shareholders, originally set for April 20, 2022. This decision is attributed to an ongoing tender offer by Vega MergerCo, Inc. to acquire all outstanding shares based on a Merger Agreement dated March 12, 2022. The merger is anticipated to close in Q2 2022, which will result in Volt's shares being delisted. The board will reevaluate the Annual Meeting's schedule if the merger is not finalized.
Volt Information Sciences reported Q1 2022 revenues of $226.9 million, marking a 4.1% year-over-year increase. Adjusted EBITDA rose to $2.9 million, improving from $0.9 million in the prior year. The company reported a GAAP operating loss of $0.5 million, a $1.2 million improvement compared to Q1 2021. The gross margin increased to 15.5%, driven by improved direct hire revenues. Following the announcement of a merger acquisition at $6.00 per share, representing a 99% premium, the board recommended shareholders tender their shares.
Volt Information Sciences, Inc. has announced a definitive merger agreement with Vega Consulting, Inc. to acquire Volt for
Volt Information Sciences, Inc. (NYSE-AMERICAN: VOLT) is set to announce its First Quarter financial results for the period ending January 30, 2022 on March 15, 2022, after market close. A conference call will be held at 5:00 PM ET that same day, featuring CEO Linda Perneau and Interim CFO Paul Tomkins. Investors can join via phone or through an online webcast. The call will include forward-looking information and will be archived for 90 days.
Volt Information Sciences announces the appointment of Craig Lewis as Chief Revenue Officer, effective January 24, 2022. Lewis brings over 35 years of sales and operations expertise, having previously served at Resources Global Professionals. He will lead Volt's nationwide commercial and technical branch network and enterprise sales organization. Linda Perneau, President and CEO, expresses confidence in Lewis’s ability to drive revenue growth and improve profitability, aligning with Volt's strategic goals.
Volt Information Sciences, Inc. (NYSE-AMERICAN: VOLT) reported a 7.9% increase in fourth quarter revenue, totaling $227.8 million, compared to the same period in 2020. The company achieved positive GAAP net income of $2.3 million, a significant improvement from a loss of $13.8 million in the prior year. Fiscal 2021 revenue rose by 7.7% to $885.4 million, while GAAP EPS improved to $0.06 from a loss of $1.56 in 2020. The company looks forward to continued growth and improved profitability in 2022.
Volt Information Sciences, Inc. (AMEX: VOLT) will announce its financial results for the Fourth Quarter and Full-Year ended October 31, 2021, on January 12, 2022, post-market. CEO Linda Perneau and CFO Herb Mueller will lead a conference call at 5:00 PM ET the same day, accessible via phone and webcast. The call will be archived for 90 days. Volt specializes in staffing services, offering workforce solutions across various industries, including aerospace, IT, and manufacturing. For further details, visit www.volt.com.
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