Market Newsdesk

SAN DIEGO
, April 7, 2025 /PRNewswire/ — Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of SoundHound AI, Inc. (NASDAQ: SOUN) securities between May 10, 2024 and March 3, 2025, both dates inclusive (the “Class Period”), have until May 27, 2025 to seek appointment as lead plaintiff of the SoundHound class action lawsuit.  Captioned Liles v. SoundHound AI, Inc., No. 25-cv-02915 (N.D. Cal.), the SoundHound class action lawsuit charges SoundHound as well as certain of SoundHound’s top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the SoundHound class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-soundhound-ai-inc-class-action-lawsuit.html
 

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].

CASE ALLEGATIONS: SoundHound provides an independent voice AI platform that purportedly enables businesses across industries to deliver high-quality conversational experiences to their customers.

The SoundHound class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) material weaknesses in SoundHound’s internal controls over financial reporting impaired SoundHound’s ability to effectively account for corporate acquisitions; (ii) in addition, SoundHound overstated the extent to which it had remediated, and/or its ability to remediate, the material weaknesses in its internal controls over financial reporting; (iii) as a result of the foregoing material weaknesses, SoundHound’s reported goodwill following its acquisition of Amelia Holdings, Inc. was inflated and would need to be corrected; (iv) further, SoundHound would likely require extra time and expense to effectively account for its SYNQ3 and Amelia acquisitions; and (v) the above increased the risk that SoundHound would be unable to timely file certain financial reports with the U.S. Securities and Exchange Commission.

The SoundHound class action lawsuit further alleges that on March 4, 2025, SoundHound disclosed that it would be unable to timely file its annual report for 2024, stating that “[d]ue to the complexity of accounting for [the SYNQ3 and Amelia acquisitions], the Company require[d] additional time to prepare financial statements and the accompanying notes” and that SoundHound “ha[d] identified material weaknesses in its internal control over financial reporting.”  On this news, the price of SoundHound stock fell nearly 6%, according to the complaint.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired SoundHound securities during the Class Period to seek appointment as lead plaintiff in the SoundHound class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the SoundHound class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the SoundHound class action lawsuit.  An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the SoundHound class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder litigation.  Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors.  In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS.  With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig.  Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices. 

Contact:
            Robbins Geller Rudman & Dowd LLP
            J.C. Sanchez, Jennifer N. Caringal
            655 W. Broadway, Suite 1900, San Diego, CA 92101
            800-449-4900
            [email protected] 

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SOURCE Robbins Geller Rudman & Dowd LLP

(All dollar figures are in US dollars unless otherwise indicated)

TORONTO
, April 7, 2025 /PRNewswire/ – New Gold Inc. (“New Gold” or the “Company”) (TSX: NGD) (NYSE American: NGD) is pleased to announce that it has entered into an agreement with Ontario Teachers’ Pension Plan (“Ontario Teachers'”) to acquire the remaining 19.9% free cash flow interest in the Company’s New Afton Mine (“New Afton”) (the “Transaction”). Following the transaction, the Company will have fully consolidated its free cash flow interest in New Afton to 100%.

On closing of the Transaction, Ontario Teachers’ free cash flow interest in New Afton will be fully eliminated in exchange for a cash payment of $300 million from New Gold. New Gold plans to fund the cash payment with cash on hand, borrowings from its existing revolving credit facility and a gold prepayment financing (“Gold Prepayment”).

Benefits to New Gold Shareholders

• Fully consolidates free cash flow from one of Canada’s most attractive mines – New Afton is entering into a period of expected significant free cash flow growth driven by increasing production and improved costs.
• Investment in an existing high-quality operation – New Gold has developed extensive block caving expertise and social partnerships in an exceptional location.
• Accretive and disciplined transaction – Fully consolidates ownership, gaining exposure to 100% of New Afton’s life-of-mine cash flow with no equity dilution to New Gold’s shareholders. New Gold will finance the Transaction by utilizing its strong balance sheet and significant near-term free cash flow, while maintaining financial discipline and flexibility.
• Increased upside exposure – New Gold’s focus on near-mine exploration activities, highlighted by exceptional drill results released in September 2024, provides New Afton with the potential to add substantial value by improving the production profile and extending mine life. The Company is committing $17 million towards exploration in 2025, with a strong focus on K-Zone.

“This is an excellent transaction allowing New Gold to fully consolidate the free cash flow exposure to one of Canada’s highest quality gold/copper assets which we already own and operate. This transaction allows us to grow in an exceptional location with no diligence or integration risk, and with no equity dilution to our shareholders”, stated Patrick Godin, President and CEO. “With the C-Zone ramp up progressing well, New Afton is on the verge of exceptional production growth and cost improvement that should lead to increased free cash flow generation. Our goal is to maximize this free cash flow generation at the mine, while continuing our exploration program to extend mine life and create further value for our shareholders and stakeholders. We would also like to thank Ontario Teachers’ for their support and partnership over the last five years.”

Gold Prepayment Financing

New Gold plans to fund a portion of the cash payment with approximately $100 million from a gold prepayment financing. Under the Gold Prepayment, the Company would have the obligation to deliver a set number of gold ounces over a twelve-month term in exchange for $100 million in cash up front. Based on current pricing, the total ounces expected to be delivered represents approximately 8% of the Company’s expected consolidated gold production in that period.

Other Terms of the Transaction

At closing, the parties will terminate all existing agreements with respect to Ontario Teachers’ free cash flow interest in New Afton, including the previously disclosed Ontario Teachers’ right to a one-time cash payment of $20 million on a change of control of New Gold if it is announced prior to January 31, 2026.

Closing of the Transaction is subject to customary conditions and is expected to close at the beginning of May. The Transaction does not require shareholder approval.

About New Gold

New Gold is an intermediate gold mining company committed to responsible mining with a portfolio of two core producing assets in Canada, the Rainy River gold mine and the New Afton copper-gold mine. New Gold’s vision is to build a leading diversified intermediate gold company based in Canada that is committed to the environment and social responsibility.

Cautionary Note Regarding Forward-Looking Statements

Certain information contained in this news release, including any information relating to New Gold’s future financial or operating performance are “forward-looking”. All statements in this news release, other than statements of historical fact, which address events, results, outcomes or developments that New Gold expects to occur are “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of forward-looking terminology such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “targeted”, “estimates”, “forecasts”, “intends”, “anticipates”, “projects”, “potential”, “believes” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation of such terms. Forward-looking statements in this news release include, among others, statements with respect to: the Company’s ability to successfully complete the Transaction and the timing thereof, including receipt of all required regulatory approvals; the proposed benefits of the Transaction to the Company’s business, strategic objectives, financial condition, cash flows and results of operations and to its shareholders being attained, including with respect to increased free cash flow and the timing thereof; maintenance of balance sheet strength and financial liquidity, and expectation of entering into a period of cash flow driven by increased production and improved costs; expected spending on exploration spending and focus areas in 2025; the success of the production ramp up at New Afton’s C-Zone project and the timing and expected benefits thereof; and the completion of the the gold prepay financing and the expected amount, terms and timing of such financing.

All forward-looking statements in this news release are based on the opinions and estimates of management that, while considered reasonable as at the date of this news release in light of management’s experience and perception of current conditions and expected developments, are inherently subject to important risk factors and uncertainties, many of which are beyond New Gold’s ability to control or predict. Certain material assumptions regarding such forward-looking statements are discussed in this news release, New Gold’s latest annual management’s discussion and analysis (“MD&A”), its most recent annual information form and technical reports on the Rainy River Mine and New Afton Mine filed on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. In addition to, and subject to, such assumptions discussed in more detail elsewhere, the forward-looking statements in this news release are also subject to there being no significant disruptions affecting New Gold’s operations, including material disruptions to the Company’s supply chain, workforce or otherwise.

Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Such factors include, without limitation, the “Risk Factors” included in New Gold’s most recent annual information form, MD&A and other disclosure documents filed on and available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Forward looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. All forward-looking statements contained in this news release are qualified by these cautionary statements. New Gold expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.

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SOURCE New Gold Inc.

TELFS, Austria and WESTMINSTER, Colo., April 7, 2025 /PRNewswire/ — Trimble^® (Nasdaq: TRMB) and Liebherr announced the introduction of a Trimble Ready^® factory option for the new line of Liebherr PR 776 Generation 8 bulldozers, the latest model from Liebherr’s competitive dozer lineup to feature this advanced technology. This option allows bulldozers shipped direct from the Liebherr factory to be pre-equipped with a Trimble Ready kit, streamlining onsite installation of the Trimble Earthworks grade control platform. By reducing both cost and complexity, this factory-installed option enhances efficiency for operators.

The Trimble Earthworks-ready base kit includes mounting hardware, brackets and an integrated wiring harness, ensuring streamlined and efficient installation of Trimble Earthworks.

“By offering a Trimble Ready option, we’re providing customers with a solution that enables quick and easy installation of Trimble Earthworks,” said Nico Schuchter, product manager for Liebherr. “As operators increasingly adopt construction technology on the jobsite, this new option delivers a more integrated and cost-effective installation process for our mutual customers.”

“A new Trimble Ready option for Liebherr PR 776 Generation 8 bulldozers is another way Trimble is enabling customers of all machine types to seamlessly connect their digital and physical worlds,” said Scott Crozier, vice president, civil construction field systems at Trimble. “Our technology can now be more deeply integrated on-machine to simplify installation and maximize productivity for Liebherr customers, helping them accelerate their return on investment.”

Local Support
Trimble’s SITECH^® dealer channel and select authorized resellers provide installation services, personalized training and local technical support for Trimble Earthworks installed on Liebherr PR 776 Generation 8 bulldozers.

Availability
The Trimble Ready factory option for Liebherr PR 776 Generation 8 bulldozers is available globally by contacting a Liebherr dealer. To learn more, visit www.liebherr.com.

About Trimble
Trimble is transforming the ways people move, build and live. Core technologies in positioning, modeling and data analytics connect the digital and physical worlds to improve our customers’ productivity, quality, safety, transparency and sustainability. For more information about Trimble (Nasdaq: TRMB), visit: www.trimble.com.

About Liebherr
The Liebherr Group is a high technology company, in family ownership, with a diversified portfolio of products. The company is one of the largest construction machinery manufacturers in the world. But it also offers a range of high quality, high customer benefit products and services in many other areas. The Group currently consists of more than 150 companies across all continents. In 2023, it employed more than 50,000 people and generated a consolidated sales turnover of over €14 bn. Liebherr was founded by Hans Liebherr in 1949, in Kirchdorf an der Iller in southern Germany. From inception, the goal of the employees has been to delight their customers through novel contribution to technological progress and advanced technology solutions. In 2024 the Liebherr Group celebrated “75 years of moving forward”, to mark its 75th anniversary.

GTRMB

View original content to download multimedia:https://www.prnewswire.com/news-releases/trimble-and-liebherr-introduce-trimble-ready-factory-option-for-liebherr-pr-776-generation-8-bulldozers-302421883.html

SOURCE Trimble