Steel Connect

Steel Connect, Inc. is a holding company, which engages in the provision of an end-to-end global supply chain solutions and e-commerce services. Its product aims to improve their clients’ global supply chain, speed to market, product customization, flexibility, cost, quality and service. The company was founded in 1986 and is headquartered in Smyrna, TN.

Earnings data Q2 2021

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Steel Connect, Inc. is a holding company, which engages in end-to-end global supply chain solutions and e-commerce services. Its product aims to improve their clients' global supply chain, speed to market, product customization, flexibility, cost, quality, and service. The company was founded in 1986 and is headquartered in New York, NY.

NEW YORK--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its fourth quarter and fiscal year ended July 31, 2024. Results of Operations Due to the previously disclosed application of pushdown accounting, the Company's consolidated financial statements include a black line division between the two distinct periods to indicate the application of two different bases of accounting, which may not be comparable, between the periods presented.

Steel Connect Reports Fourth Quarter Fiscal 2024 Financial Results

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Big Insider Buying by Carlos Slim and Other Repeat Buyers

NEW YORK--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its third quarter ended April 30, 2024. Results of Operations During the current quarter, the Company booked a $71.5 million non-cash accounting adjustment to net income as a result of a release of a portion of its valuation allowance for certain pre-existing Company deferred tax assets. The release resulted in a one-time non-cash adjustment to income tax benefit of $71.5 million.

Steel Connect Reports Third Quarter Fiscal 2024 Financial Results

NEW YORK--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its second quarter ended January 31, 2024. Results of Operations The financial information and discussion that follows below are for the Company's operations. Due to the application of pushdown accounting in connection with the exchange transaction ("Exchange Transaction") on May 1, 2023 with Steel Partners Holdings L.P. (“Steel Partners”), the Company's consolidated financial sta.

Steel Connect Reports Second Quarter Fiscal 2024 Financial Results

ModusLink Corporation is one of only 22 Distinguished Award recipients across Intel's global supply chain. ModusLink Corporation is one of only 22 Distinguished Award recipients across Intel's global supply chain.

ModusLink Corporation Earns Intel's 2023 EPIC Distinguished Supplier Award

NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Steel Connect, Inc. (Nasdaq: STCN) concerning the Company and its directors' and officers' possible violations of state laws. If you own Steel Connect stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230 Park Avenue, Suite 358, New York, NY 10169 at tk.

Glancy Prongay & Murray LLP Announces Investigation of Steel Connect, Inc. (STCN)

NEW YORK--(BUSINESS WIRE)--Steel Connect, Inc. (the “Company”) (Nasdaq: STCN), today announced that its Board of Directors (the “Board”) further amended its tax benefits preservation plan, dated as of January 19, 2018, as amended on January 8, 2021 (the “Plan”), to extend the term of the Plan from January 8, 2024 to January 8, 2027 (subject to earlier expiration, as described below). The Company has significant net operating loss carryforwards for federal and state tax purposes and believes tha.

Steel Connect, Inc. Amends Tax Benefits Preservation Plan

NEW YORK--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its first quarter ended October 31, 2023. Results of Operations The financial information and discussion that follows below are for the Company's operations. Due to the application of pushdown accounting as a result of the exchange transaction ("Exchange Transaction") on May 1, 2023 with Steel Partners L.P. (“Steel Partners”), the Company's consolidated financial statements includ.

Steel Connect Reports First Quarter Fiscal 2024 Financial Results

NEW YORK--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its fourth quarter and fiscal year ended July 31, 2023. Results of Operations The financial information and discussion that follows below are for the Company's operations. References herein to the "three months ended July 31, 2023" or the "fourth quarter" are the Successor period, May 1, 2023 through July 31, 2023. References herein to the “fiscal year ended July 31, 2023” or the.

Steel Connect Reports Fourth Quarter Fiscal 2023 Financial Results

NEW YORK--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its third quarter ended April 30, 2023. Recent Developments On May 1, 2023, the Company and Steel Partners transferred certain marketable securities held by Steel Partners and certain of its affiliates to the Company in exchange for 3.5 million shares of Series E Convertible Preferred Stock of Steel Connect (the "Exchange Transaction"). Following recent approval by the Steel Conne.

Steel Connect Reports Third Quarter Fiscal 2023 Financial Results

NEW YORK--(BUSINESS WIRE)--Steel Connect, Inc. (Nasdaq: STCN), a Delaware corporation and holding company (the “Company” or “Steel Connect”), announced today that it will effect a 1-for-3,500 reverse stock split (“Reverse Stock Split”) of its common stock, par value $0.01 per share (the “Company Common Stock”), followed immediately by a 375-for-1 forward stock split of the Company Common Stock (the “Forward Stock Split,” and, together with the Reverse Stock Split, the “Reverse/Forward Stock Spl.

Steel Connect, Inc. Announces Reverse/Forward Stock Split

Steel Partners Hlds

NEW YORK--(BUSINESS WIRE)--Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company (“Steel Partners”) and Steel Connect, Inc. (NASDAQ: STCN) (“Steel Connect”) today announced that Steel Partners and certain of its affiliates (the “Steel Partners Group”) have transferred certain marketable securities held by the Steel Partners Group to Steel Connect in exchange for 3.5 million shares of Series E Convertible Preferred Stock of Steel Connect (the “Preferred Stock”, and, suc.

Steel Partners and Steel Connect Close Exchange Transaction

SMYRNA, Tenn.--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its second quarter ended January 31, 2023. Results of Operations The financial information and discussion that follows below are for the Company's operations.

Steel Connect Reports Second Quarter Fiscal 2023 Financial Results

Steel Connect has a large amount of tax assets on its balance sheet. These are valuable to Steel Connect or to its major shareholder Steel Partners.

Steel Partners Should Come Back With A More Equitable Offer For Steel Connect

SMYRNA, Tenn.--( BUSINESS WIRE )--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its first quarter ended October 31, 2022.

Steel Connect Reports First Quarter Fiscal 2023 Financial Results

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7 Stocks to Sell Right Now

NEW YORK & SMYRNA, Tenn.--( BUSINESS WIRE )--Steel Connect, Inc. (NASDAQ: STCN), a holding company (the “Company” or “Steel Connect”), announced today that Steel Partners Holdings L.P. (NYSE: SPLP), a diversified global holding company (“Parent” or “Steel Partners”) has terminated the merger agreement (the “Merger Agreement”) among Company, Parent and SP Merger Sub, Inc., a wholly owned subsidiary of Parent (“Merger Sub” and, together with Parent, the “Parent Parties”), dated June 12, 2022, pursuant to which Steel Partners would have acquired all of the common stock of Steel Connect not already owned by the Parent Parties (the “Merger”). The Merger Agreement was terminated by Parent following the failure to approve the Merger by a majority of the outstanding shares of common stock of the Company not owned, directly or indirectly, by the Parent Parties, any other officers or directors of the Company or any other person having any equity interest in, or any right to acquire any equity interest in, Merger Sub or any person of which Merger Sub is a direct or indirect subsidiary, as required pursuant to the terms of the Merger Agreement.

Steel Partners and Steel Connect Announce Termination of Merger

Steel Connect Reports Fourth Quarter Fiscal 2022 Financial Results

Steel Connect Announces Adjournment of Annual Meeting

SMYRNA, Tenn.--(BUSINESS WIRE)--Steel Connect, Inc. (NASDAQ: STCN) (the “Company” or “Steel Connect”) announced today that leading independent proxy advisory firms Institutional Shareholder Services, Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) recommended that the Company's stockholders vote “FOR” all proposals to be considered and voted on at the Company's Annual Meeting of Stockholders (the “Annual Meeting”) in connection with the previously announced merger with Steel Partners Hol

Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Steel Connect Stockholders Vote “FOR” All Proposals Regarding Merger with Steel Partners

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NEW YORK , Aug. 22, 2022 /PRNewswire/ -- Halper Sadeh LLP, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Resolute Forest Products Inc. (NYSE: RFP)'s  sale to Domtar Corporation. If you are a Resolute shareholder, click here to learn more about your rights and options.

SHAREHOLDER INVESTIGATION NOTICE: Halper Sadeh LLP Investigates RFP, VIVO, EGY, STCN

NEW YORK--(BUSINESS WIRE)--Labaton Sucharow, a nationally ranked and award-winning shareholder rights firm, announces that it is investigating claims on behalf of investors of Steel Connect Inc. (NASDAQ: STCN) for potential violations of law. If you are a shareholder who has been harmed, click here to participate. If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at d

Labaton Sucharow Researching Possible Violations of Law - Steel Connect Inc. (STCN)

NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the directors of Steel Connect, Inc. (“Steel Connect”) (NASDAQ: STCN) breached their fiduciary duties to its shareholders in approving a merger with Steel Partners Holdings L.P. (“Steel Partners”) (NYSE: SPLP), for inadequate consideration. If you are a Steel Connect shareholder, you may contact attorney Joe Pettigrew for addition

STEEL CONNECT INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates Steel Partners Buyout of Steel Connect – STCN, SPLP

SMYRNA, Tenn.--(BUSINESS WIRE)--Steel Connect, Inc. (the "Company") (NASDAQ: STCN) today announced financial results for its third quarter ended April 30, 2022. "For the third quarter, ModusLink remained focused on driving growth with our current and new customers." said Interim Chief Executive Officer and Executive Chairman Warren Lichtenstein. “We continue to rightsize the business based on current and expected demand while closely managing costs. In addition, we have significantly deleverage

Steel Connect Reports Third Quarter Fiscal 2022 Financial Results

NEW YORK , June 13, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Steel Connect, Inc. ("Steel Connect" or the "Company") (NASDAQ: STCN), in connection with the proposed transaction with Steel Partners Holdings L.P. (NYSE: SPLP).

News for Steel Connect Stock (STCN)