Schmitt Industries, Inc. (SMIT) News

Schmitt Industries, Inc. (SMIT): $1.87

-0.06 (-3.27%)

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Latest SMIT News From Around the Web

Below are the latest news stories about SCHMITT INDUSTRIES INC that investors may wish to consider to help them evaluate SMIT as an investment opportunity.

SCHMITT INDUSTRIES COMMENTS ON POTENTIAL TRANSACTION WITH PROTON GREEN

Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") in response to certain questions regarding the announcement of the potential reverse merger (the "Merger") with Proton Green, LLC ("Proton Green") and the spin-off of Schmitt's Ample Hills business (the "Spin-Off") is issuing this press release to provide additional context on the potential transaction.

Yahoo | July 25, 2022

VVC Portfolio Company, Proton Green, Plans for "Reverse Merger" with Nasdaq Listed Company

Poised To Be One of The Leading Helium and Hydrogen Production and Carbon Sequestration Hubs in North AmericaTORONTO, July 21, 2022 (GLOBE NEWSWIRE) -- VVC Exploration Corporation (TSX:VVC), dba VVC Resources, ("VVC") announces that Proton Green, LLC. has entered into a non-binding term sheet ("Term Sheet") which contemplates the reverse merger ("Merger") with Schmitt Industries, Inc. (NASDAQ: SMIT) ("Schmitt"). VVC is a founding shareholder of Proton Green, which launched in 2021 and currently

Yahoo | July 21, 2022

A small Portland public company plans bold new direction, with new name

Schmitt Industries, a small Portland-based publicly traded company (Nasdaq: SMIT) that has been losing money and going in unexpected directions recently, made another interesting move on Wednesday. Schmitt announced plans for a merger with a Texas-based helium and hydrogen startup called Proton Green. Under what was described as a non-binding term agreement, Schmitt would be renamed Proton Green, whose shareholders would hold 95% of the company.

Yahoo | July 20, 2022

SCHMITT INDUSTRIES ENTERS INTO TERM SHEET WITH PROTON GREEN

Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today announced that it entered into a non-binding term sheet ("Term Sheet") which contemplates the reverse merger ("Merger") with Proton Green, LLC ("Proton Green") and the spin-off of Schmitt's Ample Hills business (the "Spin-Off").

Yahoo | July 20, 2022

SCHMITT INDUSTRIES CLOSES SALE AGREEMENT FOR NICOLAI STREET PROPERTY

Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") announces that it has closed the Real Estate Purchase and Sale Agreement (the "Sale Agreement") with Tofte Farms, LLC ("Tofte") to purchase the 2765 NW Nicolai Street, Portland, Oregon property (the "Property") of Schmitt for a purchase price of $3,500,000. Net proceeds are estimated to be $3,200,000 for Schmitt.

Yahoo | July 18, 2022

SCHMITT INDUSTRIES PROVIDES AMPLE HILLS AND CORPORATE UPDATES

Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today provided an update on Ample Hills and strategic transactions.

Yahoo | June 16, 2022

SCHMITT INDUSTRIES ENTERS INTO SALE AGREEMENT FOR NICOLAI STREET PROPERTY

Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") announces that it has entered into a Real Estate Purchase and Sale Agreement (the "Sale Agreement"), whereby Tofte Farms, LLC ("Tofte") agreed to purchase the 2765 NW Nicolai Street, Portland, Oregon property (the "Property") of Schmitt for a purchase price of $3,500,000. Tofte agreed to deposit $50,000 into an escrow account within three business days of the Sale Agreement.

Yahoo | June 7, 2022

SCHMITT INDUSTRIES ANNOUNCES IT HAS ENTERED INTO LOI FOR XACT ASSETS

Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") announced that it has entered into a letter of intent to sell all assets related to its Xact business line. This potential transaction is subject to several contingencies, including the negotiation and execution of definitive transaction agreement, the completion of due diligence to the satisfaction of the acquirer and Company board approval.

Yahoo | May 18, 2022

SCHMITT ANNOUNCES FY22 Q3 RESULTS AND STRATEGIC INTENTION TO FOCUS ON AMPLE HILLS CREAMERY

Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") today announced its results for the third quarter of fiscal year 2022. In addition, the Company announced its intention to focus on Ample Hills Creamery ("Ample Hills") as its core business. This focus will enable Schmitt to accelerate its Ample Hills growth strategy while saving costs and focusing resources on Ample Hills as an independent company.

Yahoo | April 14, 2022

Pineapple Energy Enhances Board of Directors in Preparation for Public Listing

--Two New Appointments Rounds Out Board to Seven Members— --New Appointments Add More Financing and Solar Expertise— --Merger Vote Scheduled for March 16, 2022-- MINNEAPOLIS, Feb. 14, 2022 (GLOBE NEWSWIRE) -- Pineapple Energy LLC (“Pineapple”), today announced two additional appointments to its anticipated post-merger Board of Directors. The new directors bring significant experience in financing and residential solar, further preparing Pineapple for post-merger life as a publicly traded company

Yahoo | February 14, 2022


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