$STG

STRACON Group Holding Inc. (TSX: STG, BVL: STG) filed a preliminary base PREP prospectus for an initial public offering and secondary offering of common shares. The expected price is C$7.80 to C$9.10 per share, targeting C$100 million gross proceeds, or C$115 million with an over-allotment. Underwriters include Raymond James, National Bank, Scotiabank, and BTG.

STRACON Group Holding Inc. (TSX: STG) released preliminary, unaudited results for the three and six months ended June 30, 2026. Revenue rose to $208.3m (up 6.5%) and $375.5m (up 3.9%). Profit was $3.4m vs a $1.5m loss, and EBITDA was $20.9m vs $16.1m. Backlog was $2,028.9m and net debt $214.2m.

STG Logistics agreed to a New Jersey settlement over alleged drayage driver misclassification, with total cash of $2.775 million. According to the NJ Attorney General and Labor Department, $2.2 million goes to drivers and $555,000 to the state. The settlement totals about $80.9 million, much of which is expected to be absorbed in STG’s Chapter 11 bankruptcy.

Scandinavian Tobacco Group (STG) will raise prices for its U.S. handmade cigar brands Forged Cigar Co. and General Cigar Co. from Aug. 3. Over 80% of SKUs see average wholesale price increases of 4.2%, with overall change about 3.5%, and some items up to 15.3%. STG also added an import charge rising from 6% to 7% tied to tariffs, according to STG’s retailer letter.

STG Logistics said it completed a pre-packaged Chapter 11 restructuring, cutting total funded debt by about 90% and reducing it by more than $1 billion. The company emerged with a leaner balance sheet and $150 million in new capital from investors including Fortress, Fidelity and Invesco, which received a majority equity stake. STG reported no service disruption.

Sangoma Technologies Corporation said CFO Larry Stock will retire effective June 30 after nearly six years in the role. The company added that Stock will stay available for one year in a senior advisory capacity to support the transition. Sangoma’s shares (T.STG) were down $0.05, trading at $4.90 at 10:45 AM EST.

Sunlands Technology Group (NYSE:STG) shares fell about 25% to $4.63 on Monday after investors focused on weaker growth. The company guided Q2 2026 revenue to 410–430 million yuan (down 20.2%–23.9% YoY). Q1 revenue was 440.7 million yuan (-9.6%), with net income of 76.8 million yuan. Student enrollments and gross billings declined sharply.

Sunlands Technology Group (NYSE: STG) said its subsidiary Wuhan Zhizhen Youxuan Online Education Technology will sell 100% of Guangzhou Shangzhi Side Technology to Shouhui (Guangzhou) Medical Technology, an independent third party. The deal price is RMB126.0 million in installments, with supervised funds via Guangdong Huaxing Bank. Closing is subject to customary conditions.

Sunlands Technology Group (NYSE: STG) said its board approved a share repurchase program authorizing up to $50 million of Class A ordinary shares, traded as American depositary shares, over 36 months. The company plans to buy shares on the open market or via other permitted transactions, subject to SEC Rule 10b-18 and expected to follow a Rule 10b5-1 plan, according to the press release.

Ord Minnett said Australian tech stocks face volatility as higher bond yields lift discount rates and AI-related valuation concerns drive sector de-rating. For its covered universe, target prices fell 2% to 16% on average. It prefers mission-critical, regulated, vertically integrated software firms including Hansen Technologies, TechnologyOne, Energy One and Qoria. Straker (ASX:STG) remains a Hold, with its target cut to 32c from 37c.