RAIL Stock Recent News

FreightCar America restructured by redeeming preferred shares with a $115 million term loan, simplifying finances but potentially limiting 2025 capex growth. The new loan terms include a 10.27% interest rate, translating to $11.8 million annually, saving $8.0 million compared to preferred shares. The restructuring negatively impacts cash flow, requiring $14.6 million outflow in 2025, likely capping capex at $12 million and slowing short-term revenue growth.

New financing arrangement reduces Company's cost of capital by approximately 40% Further enhances financial flexibility, cash generation and ability to support growth strategy CHICAGO, Jan. 06, 2025 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (NASDAQ: RAIL) (“FreightCar America” or the “Company”), a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, today announced it has completed a new term loan facility. The proceeds from the term loan will be used to redeem all outstanding shares of Series C Preferred Stock, as well as settle all related accrued dividends.

Vancouver, British Columbia--(Newsfile Corp. - December 18, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is pleased to announce that it has officially joined the AI Partnerships Corporation (AIP) Affiliate Network. AI Partnerships Corporation (AIP) is a global network of AI SaaS Affiliate companies that fosters collaboration between innovative AI companies and enterprises seeking cutting-edge artificial intelligence solutions.

Vancouver, British Columbia--(Newsfile Corp. - December 11, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is proud to announce that it is participating in the Artificial Intelligence network of British Columbia ("AInBC") Demo night. AInBC will be hosting multiple events across the city as part of the 38th annual Conference on Neural Information Processing Systems (NeurIPS), taking place from December 8 to December 14, 2024, at the Vancouver Convention Centre.

Vancouver, British Columbia--(Newsfile Corp. - December 9, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) ("Railtown" or the "Company") is pleased to announce that the Company has closed its previously-disclosed non-brokered private placement (the "Offering") of units of the Company (each, a "Unit"). The Offering consisted of 7,000,000 Units at a price of $0.30 per Unit for gross proceeds of $2,100,000.

Vancouver, British Columbia--(Newsfile Corp. - November 28, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) ("Railtown" or the "Company") is pleased to announce the non-brokered private placement of up to 7,000,000 units of the Company (each, a "Unit") at a price of $0.30 per Unit for aggregate gross proceeds of up to $2,100,000 (the "Offering") previously announced on November 26, 2024, has been fully subscribed; closing is expected to occur on or before December 6, 2024. Each Unit will consist of one common share in the capital of the Company (each, a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant").

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Freightcar America (RAIL) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Vancouver, British Columbia--(Newsfile Corp. - September 20, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") is pleased to announce its participation in the 3rd Annual Developer Productivity Engineering (DPE) Summit, taking place on September 24-25, 2024, in San Francisco. Co-founders Cory Brandolini, CEO, and Marwan Hadad, CTO, will represent Railtown at this premier event, which showcases the latest advancements in Developer Productivity Engineering (DPE) and Developer Experience (DX).

Vancouver, British Columbia--(Newsfile Corp. - September 18, 2024) - Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) ("Railtown AI'', "Railtown" or the "Company") today announces the development for commercialization of a new product, aimed at improving the SR&ED (Scientific Research and Experimental Development) audit process for software companies. Powered by the advancements in Railtown's Conductor AI technology, this solution will help streamline the labor-intensive SR&ED application process, which requires thorough auditing of code and time spent on R&D activities.