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Year: 2021

iBio Acquires FastPharming Manufacturing Facility®

– Takes Sole Ownership of CDMO Subsidiary & U.S. Manufacturing Rights – – Reduces Carrying Costs by Approximately 67% – BRYAN, Texas, Nov. 03, 2021 (GLOBE NEWSWIRE) — iBio, Inc. (NYSEA:IBIO) (“iBio” or the “Company”), a developer of next-generation biopharmaceuticals and pioneer of the sustainable, plant-based  FastPharming System, today announced it has purchased the manufacturing facility it previously operated under a lease from two affiliates of Eastern Capital Limited (the “Eastern Affiliates”). The Company also acquired the approximate 30% equity interest in iBio CDMO, LLC. (the “CDMO”) held by the Eastern Affiliates. As a result, the subsidiary and its intellectual property are now wholly-owned by iBio. “We are very pleased to now have full control of our facility, as well as the CDMO entity...

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Qorvo® Acquires United Silicon Carbide (UnitedSiC), a Leading Provider of Silicon Carbide Power Semiconductors

GREENSBORO, N.C., Nov. 03, 2021 (GLOBE NEWSWIRE) — Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, announced today that it has acquired Princeton, New Jersey-based United Silicon Carbide (UnitedSiC), a leading manufacturer of silicon carbide (SiC) power semiconductors. The acquisition of United Silicon Carbide expands Qorvo’s reach into the fast-growing markets for electric vehicles (EVs), industrial power, circuit protection, renewables and data center power. United Silicon Carbide will become part of Qorvo’s Infrastructure & Defense Products (IDP) business and will be led by Dr. Chris Dries, who was formerly United Silicon Carbide’s president and CEO and is now general manager of Qorvo’s Power Device Solutions. Philip Chesley, president of Qorvo IDP, said, “The addition of United...

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Huntington Ingalls Industries Increases Quarterly Dividend to $1.18 per Share

NEWPORT NEWS, Va., Nov. 03, 2021 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE:HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.18 per share, a $0.04 increase over the $1.14 per share dividend paid in each of the prior four quarters. The $1.18 per share dividend will be payable on Dec. 10, 2021, to shareholders of record as of the close of business on Nov. 26, 2021. Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division provides mission-critical national...

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Freeline Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

LONDON, Nov. 03, 2021 (GLOBE NEWSWIRE) — Freeline Therapeutics Holdings plc (Nasdaq: FRLN) (the “Company” or “Freeline”), a clinical-stage biotechnology company developing transformative AAV-mediated gene therapies for patients suffering from inherited systemic debilitating diseases, today announced that on October 29, 2021, the Company granted three new employees non-statutory options to purchase an aggregate of 69,800 of the Company’s ordinary shares and 4,250 restricted share units (“RSUs”), each representing the right to receive one of the Company’s ordinary shares upon vesting. The awards were granted as an inducement material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4) and were approved by an independent subcommittee of the remuneration committee of Freeline’s...

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CUMULUS MEDIA Reports Operating Results for the Third Quarter 2021

ATLANTA, Nov. 03, 2021 (GLOBE NEWSWIRE) — Cumulus Media Inc. (NASDAQ: CMLS) (the “Company,” “CUMULUS MEDIA,” “we,” “us,” or “our”) today announced operating results for the nine months ended September 30, 2021. Mary G. Berner, President and Chief Executive Officer of CUMULUS MEDIA, said, “Our third quarter results exceeded expectations across the board, despite the ongoing impacts of COVID-19. This performance is yet another strong example of the continuing success of our evolution from a one-dimensional radio company to a multi-dimensional, audio-first media company. We see significant and continued upside potential and multiple drivers of shareholder value, which include additional radio market recovery, several fast-growing digital business lines, attractive free cash flow conversion, a strong balance sheet...

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MarketAxess Announces Monthly Volume Statistics for October 2021

Company Reports Record Monthly Portfolio Trading and Municipal Bonds Trading Volume NEW YORK, Nov. 03, 2021 (GLOBE NEWSWIRE) — MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, and the provider of market data and post-trade services for the global fixed-income markets, today announced monthly trading volume for October 2021 of $619.0 billion consisting of $208.3 billion in credit volume and $410.7 billion in rates volume. October 2021 trading volume highlights:U.S. Treasury bond average daily trading volume of $20 billion, up 57% Record municipal bonds average daily trading volume of $128 million and total trading volume of $2.6 billionReported MarketAxess volume in all product categories includes only fully electronic trading volume. MarketAxess trading...

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Xebec Acquires Colorado-based UECompression to Establish North America’s Leading Renewable Natural Gas and Hydrogen Manufacturing Facility

Key Transaction HighlightsAcquisition of Denver area based UECompression (“UEC”) to expand North American production capacity five-fold for a total of 150 to 190 containerized BGX Biostream™ (“Biostream) and Hy.GEN® hydrogen units per year to meet accelerating U.S. demand for standardized renewable gas systems Further optimizes global manufacturing footprint by bringing Xebec’s European gas generation products such as Hy.GEN to North America Biostream well positioned as a market leading RNG solution for an estimated 8,574 U.S. dairy, poultry, and swine farms identified for biogas production Expands Cleantech Service Network coverage to Montana, Wyoming, Colorado, North & South Dakota and Nebraska Adds highly skilled workforce with experience in designing and manufacturing air and gas processing systems with references in landfill...

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Blue Water Ventures International, Inc. Signs Non-Binding Letter of Intent to Acquire Psycheceutical, Inc.

Miami, FL, Nov. 03, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Blue Water Ventures International, (OTC: BWVI), has signed a non-binding letter of intent which contemplates a proposed acquisition of Psycheceutical, Inc. Following the closing of the anticipated acquisition, Psycheceutical would emerge as the surviving company with a name and symbol change to follow. “The closing of this acquisition marks a pivotal event that will provide Psycheceutical with the opportunity to achieve its next level of corporate growth as we advance our promising psychedelic drug delivery technologies,” said Chad Harman, Psycheceutical CEO. Completion of the transaction is subject to due diligence investigations by the relevant parties, the negotiation and execution of a definitive share exchange agreement, satisfaction of the conditions negotiated...

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Creative Technology’s Acquisition of Bright Group Approved to Move Forward

Creative Technology Approved to Purchase Bright GroupLive Events leader Creative Technology is approved to move ahead with its acquisition of Bright Group – expanding its AV, lighting and other live events services in Norway, Finland, Denmark and Sweden — and available to clients throughout Europe.PITTSBURGH, Pa. (USA), Nov. 03, 2021 (GLOBE NEWSWIRE) — Following its October 12th announcement, NEP Live Events company Creative Technology Northern Europe AB has received approval from the Norwegian Competition Authority to purchase Bright Group. This approval allows the deal to move forward, and it is intended to close in the next few days. Headquartered in Vantaa (near Helsinki), Finland, Bright Group is a 360 supplier of live events services including audio, video, lighting, trucking, stages, infrastructure/installations...

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UPDATE – Willis Towers Watson Announces Upcoming Conference Presentations

ARLINGTON, Va. and LONDON, Nov. 03, 2021 (GLOBE NEWSWIRE) — Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, announced today that it will participate in the following conferences: the 2021 Raymond James Insurance Conference on November 9, 2021 and the Gearing up for the New Normal: A Virtual Best Ideas Conference by MKM on November 17, 2021. Both events are virtual. Carl Hess, Willis Towers Watson’s President and Future CEO, is scheduled to present at the Raymond James Insurance Conference at 1:00 p.m. Eastern Time on November 9, 2021 and the Gearing up for the New Normal: A Virtual Best Ideas Conference at 2:30 p.m. Eastern Time on November 17, 2021. A live webcast of the conference presentations will be available at the Investor Relations section of www.willistowerswatson.com. Additionally,...

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