From GlobeNewswire:

Hampton Financial Corporation reported a 17% decrease in Q1 revenues and a net loss of $563,000. Challenging market conditions in the capital markets industry, due to rising interest rates and global uncertainty, delayed many financings and broader financial decisions. Negotiations are ongoing for the potential acquisition of Oxygen Working Capital Corp. The first quarter results reflect industry-wide challenges faced during the fall of 2023, but capital markets activities have started to improve as interest rates have stabilized. Hampton remains optimistic for the balance of the fiscal year. The unaudited interim financial statements and Management’s Discussion & Analysis are available on SEDAR. The TSXV has not approved or disapproved the contents of this press release. This press release does not constitute or form a part of any offer or solicitation to buy or sell any securities in the United States or any other jurisdiction outside of Canada. The securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended or the securities laws of any state of the United States. Forward-looking statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors beyond the Company’s ability to predict or control which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking statements. Although the Company believes that any forward-looking statements are reasonable, there can be no assurance that they will prove to be accurate. The Company assumes no obligation and disclaims any intention to update or revise any forward-looking statements.



Read more: Hampton Financial Corporation Announces 1st Quarter