Perma-Pipe International Holdings, Inc. (PPIH): Entry into a Material Definitive Agreement

Nichirei Corp said a system failure tied to unauthorized access began disrupting its frozen food shipments and refrigerated warehouse operations. The company, serving about 5,000 business clients, plans a gradual restart from Friday but gave no full recovery timeline and flagged possible personal data exposure. KFC Japan, Kura Sushi, Aeon subsidiaries, Don Quijote operator Pan Pacific, Ezaki Glico, and Imuraya reported ingredient shortages.

Perma-Pipe International Holdings (PPIH) reported first-quarter 2026 net income of $2.59 million, down from $5.85 million a year earlier, despite higher net sales of $50.27 million versus $46.75 million. The company attributed the profit decline to product mix across jurisdictions and higher expenses; operating expenses rose to $10.0 million from $8.84 million. EPS fell to $0.22 from $0.61. Shares were down 16.13% at $26.22 on Nasdaq.

Perma-Pipe International Holdings, Inc. (PPIH) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ex_960423.htm EXHIBIT 99.1 ex_960423.htm Exhibit 99.1 COMPANY: Perma-Pipe International Holdings, Inc. CONTACT: Saleh Sagr, President, Chief Executive Officer, and Director Perma-Pipe Investor Relations (281) 941-2445 investor@permapipe.com Perma-Pipe International Hold

Broadcom Inc. (AVGO) is reportedly raising $70B-$100B in debt to support AI companies like Anthropic and OpenAI. The financing includes senior and junior tranches, with Broadcom backing senior debt. Hedge fund ownership of AVGO slightly decreased, and credit default swaps widened, indicating increased default risk. The deal hinges on strong AI infrastructure demand.

Moderna (MRNA) plans to raise $2B via zero-coupon convertible notes due 2032, with an option for $300M more. Proceeds will fund capped-call transactions and general corporate purposes, including oncology investment and debt repayment. Final terms, including conversion rate, are pending.

McCormick & Company (MKC) announced that Board member Anne Bramman will resign effective November 30, 2026, due to her new role as CFO of Best Buy (BBY). She will step down as Audit Committee Chair on September 1, 2026, with Valarie Sheppard taking over. The resignation is not related to any disputes with McCormick. GuruFocus estimates MKC's fair value at $80.88, suggesting it is undervalued by 31.6%.