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Day: January 4, 2022

TraQiQ continues to make significant ESG impact by providing employment in Rural India

BELLEVUE, WA, Jan. 04, 2022 (GLOBE NEWSWIRE) — TraQiQ, Inc. (OTC QB: TRIQ) (the “Company” or “TraQiQ”), a leading provider of last-mile solutions announced today that its subsidiary, MIMO continues to provide much needed employment to people in rural India, helping address a critical need in the market. Data from the Centre for Monitoring Indian Economy (CMIE) shows that rural unemployment is growing and reached 7.91%. “In addition to the published data, there are significant number of people who do not show up in official surveys – many of them do not have a high school education. Employment opportunities for this group, outside of farming, are very limited” said Lathika Regunathan, President of Mimo. MIMO aims to play a dual role for both unemployed rural citizens and enterprises who are looking to fulfil...

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Algernon Pharmaceuticals Issues Compensation Options

VANCOUVER, British Columbia, Jan. 04, 2022 (GLOBE NEWSWIRE) — Algernon Pharmaceuticals Inc. (the “Company” or “Algernon”) (CSE: AGN) (FRANKFURT: AGW) (OTCQB: AGNPD) a clinical stage pharmaceutical development company reports that the Company has granted 96,000 stock options exercisable at $4.10 for five years from date of grant, for officers and directors, employees and a consultant and are subject to approval by regulatory authorities. About Algernon Pharmaceuticals Inc.  Algernon is a drug re-purposing company that investigates safe, already approved drugs, including naturally occurring compounds, for new disease applications, moving them efficiently and safely into new human trials, developing new formulations and seeking new regulatory approvals in global markets. Algernon specifically investigates compounds that have never...

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G1 Therapeutics to Participate in the 40th Annual J.P. Morgan and H.C. Wainwright BioConnect Virtual Conferences in January 2022

RESEARCH TRIANGLE PARK, N.C., Jan. 04, 2022 (GLOBE NEWSWIRE) — G1 Therapeutics, Inc. (Nasdaq: GTHX), a commercial-stage oncology company, today announced that the Company will participate in two upcoming virtual investor conferences in January.G1’s Chief Executive Officer Jack Bailey and Chief Medical Officer Raj Malik, M.D. will participate in a fireside chat during the H.C. Wainwright BioConnect 2022 conference. The webcast of the fireside chat will become available at 7:00 AM EST on January 10, 2022.On January 12, 2022, at 1:30 PM EST, Mr. Bailey will provide a corporate presentation during the 40th Annual J.P. Morgan Healthcare Conference.The webcast of both events will be accessible on the Events & Presentations page of http://www.g1therapeutics.com. About G1 TherapeuticsG1 Therapeutics, Inc. is a commercial-stage...

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Syneos Health to Present at the 40th Annual J.P. Morgan Healthcare Conference

MORRISVILLE, N.C., Jan. 04, 2022 (GLOBE NEWSWIRE) — Syneos Health® (Nasdaq:SYNH), the only fully integrated biopharmaceutical solutions organization purpose-built to accelerate customer success, today announced that Chief Executive Officer Alistair Macdonald is scheduled to present at the 40th Annual J.P. Morgan Healthcare Conference on January 12, 2022, at 10:30 a.m. EST. A webcast of the event, along with a link to the presentation materials and archived audio replay of the presentation, will be available on the Company’s Investor Relations website at investor.syneoshealth.com. About Syneos HealthSyneos Health® (Nasdaq:SYNH) is the only fully integrated biopharmaceutical solutions organization purpose-built to accelerate customer success. We lead with a product development mindset, strategically integrating clinical development,...

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urban-gro, Inc. Announces January 2022 Conference Participation

LAFAYETTE, Colo., Jan. 04, 2022 (GLOBE NEWSWIRE) — urban-gro, Inc. (Nasdaq: UGRO) (“urban-gro” or the “Company”), a fully integrated architectural, engineering and cultivation systems integration company focused on the indoor Controlled Environment Agriculture (“CEA”) market, today announced its participation in the following January investor and trade conferences.CannaCon Northeast, New York, NY, Jan. 7-8: urban-gro will be exhibiting at Booth 526. Sam Andras, EVP of Professional Services, will host a presentation titled “An Architect’s Perspective: Cannabis Facility and Dispensary Design” on Jan. 7 at 12:30 pm ET. 2022 ICR Conference, Virtual, Jan. 10-12: Brad Nattrass, CEO, Dick Akright, CFO, and Dan Droller, EVP of Corporate Development and Investor Relations, will host a presentation on Jan. 10 at 9:30 am ET and participate...

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Pico Acquires Redline Trading Solutions

Transaction combines Redline’s award winning software solutions with Pico’s global ultra-low latency infrastructure and network underpinned by Corvil Analytics Transaction intended to accelerate Pico’s recurring revenue business, adding Redline’s 100% recurring revenue model, with significant opportunity to cross-sell solutions to Pico’s existing client base NEW YORK, Jan. 04, 2022 (GLOBE NEWSWIRE) — Pico, a leading provider of mission critical technology, data and analytic services for the financial markets community, today announced that it has acquired Redline Trading Solutions (“Redline”), a multi award-winning provider of high performance trading and market data software solutions. The acquisition marks a key milestone in Pico’s vision to become a leading provider of technology, software, data and analytics solutions to the...

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Dorel Completes Sale of Sports Segment to Pon Holdings for US $810 Million and Declares Special Dividend of US $12.00 Per Share

Special dividend will return US $390 million to Dorel shareholdersDorel to implement normal course issuer bid for a maximum of 1,891,222 Class B Subordinate Voting SharesMONTREAL, Jan. 04, 2022 (GLOBE NEWSWIRE) — Dorel Industries Inc. (TSX: DII.B, DII.A) today announced that it has completed the previously-announced sale of Dorel Sports, its bicycle segment, to Pon Holdings B.V., a Dutch mobility group, for US $810 million, representing approximately CAD $1.03 billion. At closing, Dorel received net proceeds from the sale of approximately US $735 million, which Dorel will use for payment of a special dividend of US $12.00 per share described below and to reduce indebtedness. The transaction consisted of the sale by Dorel of 100% of the shares of its indirect wholly-owned subsidiary companies comprising Dorel Sports as well...

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Orbit International Corp. Completes Acquisition of Panel Products, Inc.

HAUPPAUGE, N.Y., Jan. 04, 2022 (GLOBE NEWSWIRE) — Orbit International Corp. (OTC PINK:ORBT) today announced that its newly formed subsidiary, Simulator Product Solutions LLC (“SPS”), has completed its previously announced acquisition of the assets and business of Panel Products, Inc. (“Panel”), a Carson, CA based company founded by Nabil Radi in 1999. The transaction valued Panel at approximately $6,500,000, subject to adjustment, with $4,000,000 of the purchase price paid in cash at closing, an aggregate of up to $1,200,000 in performance related payments payable at the end of 2022 and 2023, and the issuance to Panel of a 19.9% ownership interest in SPS. The cash payment at closing was funded substantially from Orbit’s cash on hand. In connection with the acquisition, SPS entered into a three-year employment agreement with Mr....

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Virtu Financial, Inc. Commences Marketing of New Senior Secured First Lien Term Loan

NEW YORK, Jan. 04, 2022 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (NASDAQ: VIRT) (the “Company”) a global market maker, broker and leading provider of global financial services technology, today announced that its subsidiaries commenced marketing of a $1.80 billion senior secured first lien term loan (the “Term Loan”) due in 2029. The proceeds of the Term Loan will be used to repay its existing senior secured term loan in connection with a refinancing of its existing credit facilities, to fund share repurchases under the Company’s authorized repurchase program and for general corporate purposes. The Term Loan will be guaranteed by Virtu Financial LLC, a subsidiary of the Company, and certain of its subsidiaries. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements. These forward-looking...

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Quantum Computing Inc. Appoints Michael C. Turmelle to its Board of Directors

LEESBURG, Va., Jan. 04, 2022 (GLOBE NEWSWIRE) — Quantum Computing Inc. (QCI) (Nasdaq: QUBT), a leader in bridging the power of classical and quantum computing, has appointed Michael C. Turmelle to serve on the company’s board of directors. Turmelle brings years of public company executive experience, as well as an extensive background in finance and operations in technology-based companies. He has vast expertise in devising innovative business solutions to successfully deliver profitable outcomes. He has delivered financial and operational leadership across a variety of organizations and markets, and is a proven board member, having served on numerous boards of directors. “I am pleased to be asked to sit on the Board of Directors at Quantum Computing, Inc.” said Turmelle. “The opportunity to work with such a talented team with...

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