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Callan JMB Inc. (CJMB) has entered into a $25 million Equity Line of Credit (ELOC) with a single investor. Over an 18-month term, the company may, at its sole discretion, issue Regular Purchase notices of $0.5-$2.0 million per draw at 95 % of the lowest daily VWAP during a defined measurement period (80 % if CJMB is delisted from Nasdaq). An additional Exemption Purchase option allows draws up to $1 million on similar pricing, plus the investor receives bonus shares equal to 10 % of each exemption draw.
To secure the facility CJMB will issue 15,000 commitment shares and cap the investor鈥檚 ownership at 4.99 %. Failure to file or have declared effective an S-1 covering resale of the ELOC and commitment shares within the agreed deadlines triggers a 25,000-share penalty for each breach. All sales are exempt from registration under Section 4(a)(2) until the registration statement is effective. The agreement provides flexible, on-demand financing but could create dilution because shares are sold at a discount and additional shares may be issued as penalties or bonuses.
OSR Holdings, Inc. (Nasdaq: OSRH) filed a Form 8-K to disclose that independent director Sang Hyun Kim resigned from the Board of Directors effective June 26 2025. The company states the resignation "was not the result of any dispute or disagreement" concerning its operations, policies, or practices. No other management changes, financial results, or strategic actions were reported.
- Event date: June 26 2025 (reported July 2 2025)
- Affected position: Independent director seat now vacant
- Reason given: Personal resignation, no disputes cited
No compensatory arrangements, replacement plans, or additional board changes were included in the filing.
On 30 June 2025, James Hardie Industries plc (ticker: JHX) furnished a routine Form 6-K to the U.S. Securities and Exchange Commission. The document鈥檚 sole purpose is to transmit an ASX announcement dated 30 June 2025, listed as Exhibit 99.1. No financial statements, earnings data, or transactional details accompany the filing. The report was signed by Company Secretary Aoife Rockett.
Because the Form 6-K contains no material disclosures beyond referencing the external ASX release, it is considered an informational submission with minimal direct investor impact. Shareholders seeking substantive details should consult the underlying ASX announcement itself.