Latest news with #Republic
MTV Lebanon
3 hours ago
- Politics
- MTV Lebanon
20 Jun 2025 17:48 PM Aoun broaches latest developments with visitors
President of the Republic Joseph Aoun received at Baabda Palace, former President Michel Sleiman, with whom he held a tour d'horizon on current developments locally, regionally, and internationally. President Sleiman said that he and the President of the Republic focused on "the necessity of keeping Lebanon away from what is happening between Iran and Israel, especially since Lebanon has already suffered greatly from the conflicts in the region." President Sleiman stressed on "the unified Lebanese position at this critical stage and the necessity of focusing on the country's supreme interest and what serves Lebanon only." Sleiman was also briefed on the outcome of the visit of the US President's envoy, Thomas Barrack. The discussion also addressed the social, economic, and daily living conditions ahead of summer season, with the hope that "the escalation will cease so that the tourist season would not be affected." President Aoun also received at Baabda Palace, Palestinian Ambassador to Lebanon, Ashraf Dabbour, who said after on emerging that "the Palestinian situation and the ongoing Israeli aggression against our people in the Palestinian territories were reviewed during the meeting." Ambassador Dabour affirmed "the Palestinian people and their leadership's respect for Lebanon's sovereignty and the extension of its authority over all its territories, including the Palestinian camps, in accordance with the inaugural address and the joint presidential statement during the Lebanese-Palestinian summit, and their commitment to joint cooperation and full coordination with the Lebanese state." President Aoun later received Miss Lebanon Nada Kousa in the presence of Tourism Minister Laura Khazen Lahoud. President Aoun congratulated Miss Lebanon Kousa on her success in the Miss World competition in India, qualifying for the top 20 contestants and ranking fifth in the Miss Asia and Oceania category.
Irish Times
14 hours ago
- Business
- Irish Times
McDonald's Irish investments jump in value amid climb in profits
Profits at McDonald's Irish franchise operator jumped 17 per cent jump last year as it reported a more than fivefold increase in the value of its Irish investments under construction. New accounts for McDonald's Restaurants of Ireland, the burger chain's main Irish entity, also reveal the company declined to pay a dividend to its UK parent despite climbing profits. McDonald's had 95 franchised restaurants in the Republic last year, according to the accounts. The company does not directly operate any outlets here since it franchised out its last remaining owner-operated restaurant at Dublin Airport in 2022. The Irish entity reported that it had almost €23.2 million worth of assets under construction in the Republic at the end of last year, up from €4.3 million in 2023. READ MORE The more than 400 per cent uplift comes after McDonald's announced plans in August 2024 to invest €1.2 billion and open more than 200 new restaurants in the Republic and the UK over the next four years. At the time, the New York-listed group declined to specify its plans for the Republic, insisting only that the new restaurants would be tailored to meet 'the needs of the community'. 'The plans will also see a renewed focus on opening high street restaurants, demonstrating an ongoing commitment to supporting successful high streets across the country as town and city centres continue to evolve and respond to a variety of challenges,' the company said at the time. The latest filings also show that, having paid a dividend of €51 million in 2023 and €25 million the year before that, the Irish business did not make any dividend payment to its immediate parent company, a UK-registered entity, last year despite rising profits. McDonald's Restaurants of Ireland reported a 17 per cent jump in before-tax profits to €42.4 million last year even as revenues fell 1 per cent to €84.4 million. In a note attached to the accounts, the directors of the Irish company said administrative expenses were €8.5 million lower due to site closure costs and technology costs incurred in 2023. The Irish business has shareholder funds in excess of €114 million. Last month, the burger group's ultimate parent in the US posted its biggest drop in US sales since the height of the Covid-19 pandemic in the three months to the end of March. McDonald's chief executive Chris Kempczinski said at the time that US consumers were 'grappling with uncertainty' in the early part of 2025, adding that 'geopolitical tensions added to the uncertainty and dampened consumer sentiment more than we expected'.
Cision Canada
a day ago
- Business
- Cision Canada
The INX Digital Company, Inc. Announces Shareholder Approval of Previously Announced Arrangement with Republic
TORONTO and NEW YORK, June 19, 2025 /CNW/ - The INX Digital Company, Inc. (Cboe CA: INXD) (OTCQB: INXDF) (INXATS: INX) (" INX" or the " Company") is pleased to announce that its previously announced plan of arrangement (the " Arrangement") with Republic Strategic Acquisition Co., a wholly-owned subsidiary of OpenDeal Inc. (d/b/a Republic) (" Republic") was approved by the Company's shareholders (" Shareholders") at today's annual general and special meeting of Shareholders (the " Meeting"). Pursuant to the Arrangement, Republic will acquire all of the outstanding shares of the Company (the " Shares") not already held by Republic. 144,189,371 votes, or approximately 99.99% of the votes cast at the Meeting by Shareholders voting virtually or represented by proxy were cast in favour of the special resolution approving the Arrangement (the " Arrangement Resolution")(51,488,664 votes, or approximately 99.98% of the votes were cast in favour of the Arrangement Resolution, excluding Shares required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions). The Arrangement Resolution was required to be passed by (i) at least two-thirds (66 2/3%) of the votes cast at the Meeting by the Shareholders voting virtually or represented by proxy at the Meeting; and (ii) a majority of the votes cast by the Shareholders voting virtually or represented by proxy at the Meeting and entitled to vote thereat, excluding Shares required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. Details of the voting results will be filed under the Company's profile on SEDAR+ at The Company will apply for a final order of the Supreme Court of British Columbia on June 25, 2025. Closing of the Arrangement remains subject to certain customary closing conditions including court approval. Assuming the satisfaction of these closing conditions, the Arrangement is expected to close in the fourth quarter of 2025. About the INX Group: INX provides regulated trading platforms for digital securities and cryptocurrencies. With a blend of traditional market expertise and a disruptive fintech approach, INX offers state-of-the-art solutions to modern financial challenges. The company is led by a dedicated team of business, finance, and technology veterans committed to redefining capital markets through blockchain technology and a disciplined regulatory approach. The INX Digital Company, Inc. is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies. The INX Group's vision is to be the preferred global regulated hub for digital assets on the blockchain. Our mission is to bring communities together and empower them with financial innovation. INX's journey began with the initial public token offering of the INX Token, in which it raised US$84 million. The INX Group is shaping the blockchain asset industry by working within a regulated environment under oversight from regulators like the SEC and FINRA. For more information, please visit the INX Group website here. About Republic: Headquartered in New York City, Republic is a global financial firm operating a network of retail-focused investment platforms and an enterprise digital advisory arm. With a deep track record of legal and technical innovation, Republic is known for providing access to new asset classes to investors of all types. Backed by Valor Equity Partners, Galaxy Interactive, HOF Capital, AngelList and other leading institutions, Republic boasts a global portfolio of over 2,000 companies and a community of nearly three million members in over 150 countries. More than $3 billion has been deployed through investment platforms, funds, and firms within the Republic family of companies with operations established in the US, the UK, EU, the UAE, and South Korea. For more information on Republic, visit All broker-dealer related securities activity is conducted by OpenDeal Broker LLC, an affiliate of OpenDeal Inc. and OpenDeal Portal LLC, and a registered broker-dealer, and member of FINRA | SiPC, located at 149 5th Avenue, 10th FL, New York, 10010 please check our background on FINRA's BrokerCheck and Form CRS here. *Any commission sharing agreements between INX and Republic are specifically between Republic's regulated entities - OpenDeal Portal LLC and OpenDeal Broker LLC. Cautionary Note Regarding Forward-Looking Information and Other Disclosures This press release contains statements that constitute "forward-looking information" (" forward-looking information") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates, and projections as of the date of this news release. Forward-looking information includes predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events, or performance and often uses phrases such as "expects", "anticipates", "plans", "believes", or variations of such words and phrases. Forward-looking information includes, but is not limited to, statements with respect to the Arrangement, including the timing to complete the Arrangement, and other statements that are not historical facts. INX has made certain assumptions in disclosing the forward-looking information contained in this press release, including the continued development of the INX trading platform, the ability to complete the Arrangement on the contemplated terms or at all, and that the conditions precedent to closing of the Arrangement can be satisfied. While INX believes the expectations reflected in such forward-looking information are reasonable, no assurance can be given that these expectations will prove correct. Known and unknown risks, uncertainties, and other factors may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors include the ability to complete the Arrangement on the contemplated terms or at all, that the conditions precedent to closing of the Arrangement can be satisfied, regulatory developments, market conditions for digital securities and cryptocurrencies, and general economic conditions. Readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, INX disclaims any intention and assumes no obligation to update or revise forward-looking information to reflect actual results or new information. Cboe Canada is not responsible for the adequacy or accuracy of this press release. This news release does not constitute an offer to sell or solicit an offer to buy any securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. SOURCE The INX Digital Company, Inc.
USA Today
2 days ago
- Business
- USA Today
8 Arizona locations of this beloved 24-hour Mexican restaurant have quietly closed
8 Arizona locations of this beloved 24-hour Mexican restaurant have quietly closed Show Caption Hide Caption 5 family-owned Mexican restaurants that have stood the test of time Phoenix has no shortage of options when it comes to Mexican food. These five family-owned restaurants have stood the test of time. The Republic Eight locations of the popular Valley chain Filiberto's have quietly closed, some permanently, according to signs posted on the doors. The 24-hour drive-through Mexican restaurant has more than 50 locations in metro Phoenix alone. Originally started by the Tenorio family, the chain has franchised its locations to many different owners. The eight locations are all owned by the Compadres Group. CEO John Schwimmer did not respond to a request for comment. Residents took to Reddit on June 6 to announce the mysterious closures, noting closed signs on the doors at two Filiberto's on 19th Avenue and 83rd Avenue. Some of the eight locations include the word "permanently" handwritten on the sign. Filberto's did not respond to a request for comment. Which Filiberto's closed in metro Phoenix? The Phoenix and Peoria locations are closed, according to commenters on Reddit. The Avondale location is closed, according to Google Reviews. The remaining two closed locations were reported by the Phoenix New Times. Phoenix: 2955 N. 91st Ave, 17224 N. 19th Ave. 2955 N. 91st Ave, 17224 N. 19th Ave. Apache Junction : 10749 E. Apache Trail : 10749 E. Apache Trail Chandler : 930 E. Pecos Road : 930 E. Pecos Road Gilbert : 1397 E. Williams Field Road : 1397 E. Williams Field Road Peoria : 13972 N. 83rd Ave. : 13972 N. 83rd Ave. Scottsdale: 9150 E. Indian Bend Road 9150 E. Indian Bend Road Avondale: 1440 N. Dysart Road Reach the reporter at Follow @reia_reports on Instagram. Behind the -bertos: Why does Phoenix have so many -berto's restaurants?
Cision Canada
2 days ago
- Business
- Cision Canada
The INX Digital Company, Inc. Announces Update on Transaction with Republic
TORONTO and NEW YORK, June 18, 2025 /CNW/ - The INX Digital Company, Inc. (Cboe CA: INXD) (OTCQB: INXDF) (INXATS: INX) (" INX" or the " Company") announces that in connection with its previously announced plan of arrangement under section 288 of the Business Corporations Act (British Columbia) (" Arrangement") involving the Company, OpenDeal Inc. (d/b/a Republic) (" Republic") and Republic Strategic Acquisition Co LLC (the " Purchaser"), a wholly-owned subsidiary of Republic, MMCAP International SPC ("MMCAP"), the Company's largest shareholder, and Meni Benish, another significant shareholder of the Company (together, the " Additional Rollover Shareholders"), will enter into rollover agreements with Republic. Shy Datika, Founder and CEO of INX, Triple V (1999) Ltd. (" Triple V"), a company wholly-owned by Mr. Datika, the Additional Rollover Shareholders (collectively, the " Rollover Shareholders") and Republic collectively hold 40% of the common shares (" Shares") of the Company that are expected to be issued and outstanding at close. As a result, the rollover share limit has been achieved and, based on the current CAD:USD exchange rate, the consideration payable to shareholders of the Company (other than Republic or the Rollover Shareholders) under the Arrangement is expected to be US$0.2391 per Share (assuming full payment of the CVRs). 1 MMCAP will enter into a rollover agreement substantially in the form that was attached to the arrangement agreement dated April 3, 2025 between the Company, Republic and the Purchaser (as amended on May 6, 2025, the " Arrangement Agreement") and will enter into a simple agreement for future equity (a " SAFE") with Republic on closing. In accordance with advice received from its legal advisors, Rollover Shareholders who are Israeli residents for tax purposes and wish to be included in the Israeli tax pre-ruling request that is being sought by the Company, cannot enter into SAFEs. Instead, they must receive their consideration immediately upon completion of the Arrangement through a direct issuance of shares of Republic. As a result, Mr. Benish will enter into a form of rollover agreement that is in compliance with the requirements of the Israeli Tax Authority and provides that Mr. Benish will be issued, upon completion of the Arrangement, common shares of Republic that will be convertible into preferred C shares of Republic upon issuance of preferred C shares by Republic and subject to the approval of the Israeli Tax Authority. Since each of Mr. Datika and Triple V are Israeli residents for tax purposes, each of them will enter into amended and restated rollover agreements in a form similar to the form of rollover agreement that will be entered into by Mr. Benish. The Additional Rollover Shareholders will be excluded from the minority approval vote required under Canadian securities law. As of the record date, the Additional Rollover Shareholders beneficially own or exercise control or direction over, directly or indirectly, an aggregate of 49,248,761 Shares. As such, to the knowledge of the Corporation, after reasonable inquiry, of the 238,044,340 Shares issued and outstanding as of the record date, 100,811,068 Shares can be voted in respect of the minority approval vote. About the INX Group: INX provides regulated trading platforms for digital securities and cryptocurrencies. With a blend of traditional market expertise and a disruptive fintech approach, INX offers state-of-the-art solutions to modern financial challenges. The company is led by a dedicated team of business, finance, and technology veterans committed to redefining capital markets through blockchain technology and a disciplined regulatory approach. The INX Digital Company, Inc. is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies. The INX Group's vision is to be the preferred global regulated hub for digital assets on the blockchain. Our mission is to bring communities together and empower them with financial innovation. INX's journey began with the initial public token offering of the INX Token, in which it raised US$84 million. The INX Group is shaping the blockchain asset industry by working within a regulated environment under oversight from regulators like the SEC and FINRA. For more information, please visit the INX Group website here. About Republic: Headquartered in New York City, Republic is a global financial firm operating a network of retail-focused investment platforms and an enterprise digital advisory arm. With a deep track record of legal and technical innovation, Republic is known for providing access to new asset classes to investors of all types. Backed by Valor Equity Partners, Galaxy Interactive, HOF Capital, AngelList and other leading institutions, Republic boasts a global portfolio of over 2,000 companies and a community of nearly three million members in over 150 countries. More than $3 billion has been deployed through investment platforms, funds, and firms within the Republic family of companies with operations established in the US, the UK, EU, the UAE, and South Korea. For more information on Republic, visit All broker-dealer related securities activity is conducted by OpenDeal Broker LLC, an affiliate of OpenDeal Inc. and OpenDeal Portal LLC, and a registered broker-dealer, and member of FINRA | SiPC, located at 149 5th Avenue, 10th FL, New York, 10010 please check our background on FINRA's BrokerCheck and Form CRS here. *Any commission sharing agreements between INX and Republic are specifically between Republic's regulated entities - OpenDeal Portal LLC and OpenDeal Broker LLC. Cautionary Note Regarding Forward-Looking Information and Other Disclosures This press release contains statements that constitute "forward-looking information" (" forward-looking information") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates, and projections as of the date of this news release. Forward-looking information includes predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events, or performance and often uses phrases such as "expects", "anticipates", "plans", "believes", or variations of such words and phrases. Forward-looking information includes, but is not limited to, statements with respect to the Arrangement, including the execution of rollover agreements by the Additional Rollover Shareholders, the execution of an amended and restated rollover agreement by Mr. Datika and Triple V, the amount of consideration to be received by non-rollover shareholders under the Arrangement, and other statements that are not historical facts. INX has made certain assumptions in disclosing the forward-looking information contained in this press release, including the continued development of the INX trading platform, the ability to complete the Arrangement on the contemplated terms or at all, and that the conditions precedent to closing of the Arrangement can be satisfied. While INX believes the expectations reflected in such forward-looking information are reasonable, no assurance can be given that these expectations will prove correct. Known and unknown risks, uncertainties, and other factors may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors include the ability to complete the Arrangement on the contemplated terms or at all, that the conditions precedent to closing of the Arrangement can be satisfied, regulatory developments, market conditions for digital securities and cryptocurrencies, and general economic conditions. Readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, INX disclaims any intention and assumes no obligation to update or revise forward-looking information to reflect actual results or new information. Cboe Canada is not responsible for the adequacy or accuracy of this press release. This news release does not constitute an offer to sell or solicit an offer to buy any securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. SOURCE The INX Digital Company, Inc.
