Day: April 8, 2021

ORBCOMM Enters into Agreement to be Acquired by GI Partners

Written by Customer Service on April 8, 2021. Posted in Mergers And Acquisitions.

ROCHELLE PARK, N.J., April 08, 2021 (GLOBE NEWSWIRE) — ORBCOMM Inc. (Nasdaq: ORBC), a global provider of Internet of Things (IoT) solutions, today announced that it has entered into a definitive agreement to be acquired by GI Partners, a leading US-based investor in data infrastructure businesses, in an all-cash transaction that values ORBCOMM at approximately $1.1 billion, including net debt. Under the terms of the agreement, ORBCOMM stockholders will receive $11.50 in cash per outstanding share of common stock upon closing of the transaction, representing a premium of approximately 52% to ORBCOMM’s closing share price on April 7th and a 50% premium over the 90-day volume-weighted average share price through that date. The investment by GI Partners will support ORBCOMM’s strong momentum in the industrial IoT as it increases its...

Ceapro Inc. Announces Successful Completion of Collaborative Research and Development Program with University of Alberta

Written by Customer Service on April 8, 2021. Posted in Public Companies.

– Project significantly advances broadening the application and utility of Ceapro’s proprietary, first-in-class technologies to develop innovative delivery systems composed of new chemical complexes – – New PGX-based products developed under the collaboration paves the way for commercial scale production of new chemical complexes and innovative delivery systems – – Potential for applications in personal care, functional food, dietary supplement and pharmaceuticals – – Findings to be presented at the upcoming 18thEuropean Meeting on Supercritical Fluids – EDMONTON, Alberta, April 08, 2021 (GLOBE NEWSWIRE) — Ceapro Inc. (TSX-V: CZO; OTCQX: CRPOF) (“Ceapro” or the “Company”), a growth-stage biotechnology company focused on the development and commercialization of active ingredients for healthcare and cosmetic industries, announced...

DZS Inc. to Report First Quarter 2021 Results, Host Conference Call on May 3

Written by Customer Service on April 8, 2021. Posted in Public Companies.

PLANO, Texas, April 08, 2021 (GLOBE NEWSWIRE) — DZS Inc. (NASDAQ: DZSI), a global leader of packet-based mobile transport, broadband access, network orchestration and cloud-native automation solutions, will release results for the first quarter of 2021 before the market opens on Monday, May 3 through a news release and stockholder report posted on the DZS Investor Relations website at https://investor.dzsi.com/. DZS will host a conference call to discuss first quarter results after market close on Monday, May 3 at 4:15 p.m. ET (3:15 p.m. CT). DZS is also providing a reminder today that its inaugural DZS Horizons21 Investor & Analyst Day for current and prospective investors, analysts and other interested parties will be broadcast live on May 13. Presentations will begin at 9:00 a.m. CT, followed by an interactive question and...

Riot to Acquire Whinstone, Creating a US-Based Industry Leader in Bitcoin Mining

Written by Customer Service on April 8, 2021. Posted in Mergers And Acquisitions.

Castle Rock, CO, April 08, 2021 (GLOBE NEWSWIRE) — Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot”, “Riot Blockchain” or the “Company”) announced today that it has signed a definitive agreement pursuant to which Riot will acquire Whinstone US, Inc. (“Whinstone”), including all of its assets and operations, for consideration of $80 million cash plus a fixed 11.8 million shares of Riot common stock, equal to an implied total transaction value of approximately $651 million based on Riot’s last closing price of $48.37.Whinstone is the owner and operator of North America’s largest Bitcoin hosting facility, with 300 MW in developed capacity and an attractive long-term power purchase agreement Diversifies Riot’s revenues and catapults Riot into a market-leading position in the Bitcoin mining and hosting business Creates significant...

Constellation Brands Reports Fiscal Year and Fourth Quarter 2021 Results and Fiscal 2022 Outlook

Written by Customer Service on April 8, 2021. Posted in Earnings Releases And Operating Results.

VICTOR, N.Y., April 08, 2021 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, reported today its fiscal year and fourth quarter 2021 results and fiscal year 2022 outlook. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer Bill Newlands and Chief Financial Officer Garth Hankinson on Thursday, April 8, 2021, at 11:30 a.m. (EDT). Visit cbrands.com/investors/events to locate information for joining the conference call, or a live, listen-only webcast of the conference call. ABOUT CONSTELLATION BRANDSAt Constellation Brands (NYSE: STZ and STZ.B), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth...

Royalty Pharma Acquires OXLUMO™ Royalty Interest From Dicerna for up to $240 Million

Written by Customer Service on April 8, 2021. Posted in Public Companies.

Dicerna to receive $180 million upfront and up to $60 million in potential additional milestone paymentsNEW YORK and LEXINGTON, Mass., April 08, 2021 (GLOBE NEWSWIRE) — Royalty Pharma plc (Nasdaq: RPRX) (“Royalty Pharma”) and Dicerna Pharmaceuticals, Inc. (Nasdaq: DRNA) (“Dicerna”) today announced that Royalty Pharma has acquired Dicerna’s royalty interest in OXLUMO™ (lumasiran) for an upfront cash payment of $180 million and up to $60 million in contingent sales-based milestone payments. OXLUMO, which has been approved by the U.S. Food and Drug Administration (FDA) and European Medicines Agency (EMA) for the treatment of primary hyperoxaluria (PH) type 1, is marketed by Alnylam Pharmaceuticals, Inc. (“Alnylam”). “We are very pleased to have entered into this agreement with Royalty Pharma, which is recognized as the leader in...

Rehabilitation Robots Market Size 2021 | Is Projected to Reach USD 2,617.3 Million by 2026, exhibiting a CAGR of 22.1% during the forecast period 2019-2026

Written by Customer Service on April 8, 2021. Posted in Mergers And Acquisitions.

Pune, India, April 08, 2021 (GLOBE NEWSWIRE) — Global Rehabilitation robots market 2021 is anticipated to gain momentum from a rise in geriatric population across the globe. According to a published report by Fortune Business Insights, titled, “Rehabilitation Robots: Global Market Analysis, Insights and Forecast, 2019-2026,” the global rehabilitation robots industry was valued at US$ 529.8 Mn in 2018 and is projected to reach US$ 2,617.3 Mn by 2026, exhibiting a CAGR of 22.1% during the forecast period. Dr. Takanori Shibata of Japan’s National Institute of Advanced Industrial Science and Technology developed PARO, a therapeutics robot and announced the launch of the same in December 2009. PARO robot was delivered to several healthcare organizations and hospitals during the pre-marketing phase. The robot resembles a baby harp seal...

THC Therapeutics Engage Milestone Management Services for Investor Relations

Written by Customer Service on April 8, 2021. Posted in Public Companies.

LAS VEGAS, April 08, 2021 (GLOBE NEWSWIRE) — THC Therapeutics, Inc. (THCT), a forward-thinking, publicly-traded health and technology company, whose mission statement is “Better Health through the Science of Nature,” announced it has finalized an agreement to engage Milestone Management Services to lead their Corporate Communications and Investor Awareness program. “We are seeing retail and institutional investors shift their focus to four industries—in particular, Technology, Cannabis, Cryptocurrency, and Precious Metals. It’s an honor to work with a company like THC Therapeutics that is fully SEC reporting, fully audited, and focused on securing assets in multiple sectors,” said Jon Olson, CEO at Milestone Management Services. Brandon Romanek, the Founder and CEO of THC Therapeutics, stated, “This partnership is a...

Results of the Annual General Meeting of Maersk Drilling

Written by Customer Service on April 8, 2021. Posted in Public Companies.

Today, The Drilling Company of 1972 A/S (“Maersk Drilling”) adopted the following resolutions at its Annual General Meeting: Financial year 2020Annual Report for 2020 was adopted Loss for 2020 will be carried forward and no ordinary dividend will be paid for 2020 Board of Directors and Executive Management were discharged of liabilityRemunerationAnnual Remuneration Report for 2020 was adopted Remuneration level of the Board of Directors for 2021 was approvedComposition of the Board of DirectorsClaus V. Hemmingsen was re-elected as Chairman of the Board of Directors Alastair Maxwell, Ann-Christin G. Andersen, Kristin H. Holth, Martin Larsen and Robert M. Uggla were re-elected as members of the Board of Directors. Kathleen McAllister did not stand for re-electionAmendments to the Articles of AssociationA new authorisation...

Global IoT Market to be Worth USD 1,463.19 Billion by 2027 at 24.9% CAGR; Demand for Real-time Insights to Spur Growth, says Fortune Business Insights™

Written by Customer Service on April 8, 2021. Posted in Mergers And Acquisitions.

Pune, India, April 08, 2021 (GLOBE NEWSWIRE) — The global IoT market is set to gain impetus from the rising adoption of digital twin by a wide range of industries. They help in transforming the physical assets of the industries into a virtual representation. It further aids in controlling, examining, and viewing the operations based on the digital platform. The Internet of Things (IoT) market size was USD 250.72 billion in 2019 and is projected to reach USD 1,463.19 billion by 2027, exhibiting a CAGR of 24.9% during the forecast period. Fortune Business Insights™ provided this information in a recent study, titled, “Internet of Things (IoT) Market Size, Share & Covid-19 Impact Analysis, By Component (Platform, Solution and Services), By Platform (Device Management, Cloud Platform, and Network Management), By Solution (Real-Time...

Day: April 8, 2021

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