Day: May 18, 2022

Velan Inc. Reports Strong Fourth Quarter and Fiscal Year 2021/22 Financial Results and Reinstates Dividend

Velan Inc. Reports Strong Fourth Quarter and Fiscal Year 2021/22 Financial Results and Reinstates Dividend

MONTREAL, May 18, 2022 (GLOBE NEWSWIRE) — Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its fiscal year and fourth quarter ended February 28, 2022. Highlights: Sales for the quarter amounted to $124.8 million, an increase of 39.3 million or 46.0% compared to last year. Gross profit for the quarter of $47.7 million, an increase of $24.7 million or 106.8% from the previous year. The gross profit percentage for the quarter increased by 1,120 basis points from 27.0% to 38.2%. The gross profit increase is first and foremost driven by the significantly increased sales volume. The Company declared an eligible quarterly dividend of CA$0.03 per share based on its strong cash position at the end of the quarter. EBITDA2 of $16.6 million for the quarter,...

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Mercurity Fintech Holding Inc. plans to take appropriate measures after receiving the Nasdaq deficiency notice

Mercurity Fintech Holding Inc. plans to take appropriate measures after receiving the Nasdaq deficiency notice

SHENZHEN, China, May 18, 2022 (GLOBE NEWSWIRE) — Mercurity Fintech Holding Inc. (the “Company” or “MFH”) (Nasdaq: MFH) today announced that on May 13, 2022 the Company received a deficiency notice from The Nasdaq Stock Market, LLC (“Nasdaq”) that stated the Company no longer complies with Nasdaq’s Listing Rule 5250(c)(1) due to its failure to file Form 20-F for the period ended December 31, 2021 (the “Filing”). Nasdaq informed the Company that it has a period of 14 days until May 27, 2022 to submit a plan (the “Plan”) to Nasdaq detailing how the Company plans to regain compliance with Nasdaq’s continued listing requirements. If Nasdaq accepts the Company’s Plan to regain compliance in that respect, Nasdaq can grant an exception of up to 180 calendar days from the prescribed Filing due date or until October...

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Prenetics Rings the Opening Bell and Debuts on Nasdaq

Prenetics Rings the Opening Bell and Debuts on Nasdaq

Prenetics Rings the Opening Bell and Debuts on Nasdaq Adrian Cheng and Danny Yeung ring the Nasdaq Opening Bell Prenetics becomes the first Hong Kong unicorn to list on Nasdaq and its shares began trading on May 18 under ticker “PRE” At Least US$260M of Proceeds from the Business Combination, Cash and Trade Receivables to Support Prenetics Growth Proceeds will allow Prenetics to continue its significant growth trajectory and will be used for strategic acquisitions, R&D, product rollout and geographic expansion into EMEA and Southeast Asia LONDON and HONG KONG, May 18, 2022 (GLOBE NEWSWIRE) — Prenetics Group Limited (“Prenetics” or the “Company”), a global leader in genomic and diagnostic testing, and Artisan Acquisition Corp. (Nasdaq: ARTAU, “Artisan”), a special purpose acquisition...

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Update on the stress corrosion phenomenon and adjustment of 2022 French nuclear output estimate

Update on the stress corrosion phenomenon and adjustment of 2022 French nuclear output estimate

Update on the stress corrosion phenomenon and adjustment of 2022 French nuclear output estimate EDF is continuing its inspection programme and is preparing, along with the nuclear industry, to repair sections of the pipes affected by stress corrosion. At this stage for 2022, EDF considers that it is not necessary to schedule new reactor outages and updates its French nuclear output estimate. Twelve reactors, currently shut down, are being inspected for stress corrosion: Result of the metallurgical expertises carried out on samples taken from the pipes of the auxiliary circuits of the reactors of Civaux 1, Chooz 1 and Penly 1 confirmed the presence of stress corrosion near welds of the RIS (safety injection circuit) and RRA (shutdown reactor cooling circuit) circuits. Checks and expertises carried out on Chinon B3 confirm the absence...

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GDS Holdings Limited Reports First Quarter 2022 Results

GDS Holdings Limited Reports First Quarter 2022 Results

SHANGHAI, China, May 18, 2022 (GLOBE NEWSWIRE) — GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced its unaudited financial results for the first quarter ended March 31, 2022. First Quarter 2022 Financial Highlights Net revenue increased by 31.5% year-over-year (“Y-o-Y”) to RMB2,243.6 million (US$353.9 million) in the first quarter of 2022 (1Q2021: RMB1,706.0 million). Service revenue increased by 31.6% Y-o-Y to RMB2,243.5 million (US$353.9 million) in the first quarter of 2022 (1Q2021: RMB1,704.5 million). Net loss was RMB373.3 million (US$58.9 million) in the first quarter of 2022, compared with a net loss of RMB278.7 million in the first quarter of 2021. Adjusted EBITDA (non-GAAP) increased by 28.5%...

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Liberty Gold Receives Final US$2.5M Option Payments for Kinsley

Liberty Gold Receives Final US$2.5M Option Payments for Kinsley

US$1.25M in Cash and US$1.25M in CopAur Shares VANCOUVER, British Columbia, May 18, 2022 (GLOBE NEWSWIRE) — Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce the receipt of the final option payments for the sale of the 79.9% interest in the Kinsley Mountain gold project in Nevada (“Kinsley”) from CopAur Minerals Inc. (TSXV:CPAU) (“CopAur”). CopAur has now satisfied all requirements under the terms of option agreement for the sale of the Company’s interest in Kinsley (the “Kinsley Agreement”). The final payments aggregate US$2.5M split evenly between cash and CopAur common shares, (“CopAur Shares”). Prior to the receipt of the final option payment, Liberty Gold owned 3,081,042 CopAur Shares following the completion of the recent merger between CopAur and New Placer Dome...

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Angi to Participate in the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference

Angi to Participate in the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference

DENVER, May 18, 2022 (GLOBE NEWSWIRE) — Angi Inc. (NASDAQ: ANGI) will attend the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on Wednesday, May 25, 2022. Oisin Hanrahan, Chief Executive Officer of Angi Inc., will participate in a fireside chat at 10:00 a.m. ET. An audiocast will be available to the public and an audio replay will be available at https://ir.angi.com/presentations and https://ir.iac.com/index.php/events-and-presentations for 90 days following the conference. About Angi Inc. Angi (NASDAQ: ANGI) is your home for everything home—a comprehensive solution for all your home needs. From repairs and renovations to products and financing, Angi is transforming every touch point in the customer journey. With over 25 years of experience and a network of over 200,000 pros, we have helped more...

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Cingulate to Present at H.C. Wainwright Global Investment Conference

Cingulate to Present at H.C. Wainwright Global Investment Conference

KANSAS CITY, Kan., May 18, 2022 (GLOBE NEWSWIRE) — Cingulate Inc. (NASDAQ: CING), a clinical-stage biopharmaceutical company utilizing its proprietary Precision Timed Release™ (PTR™) drug delivery platform technology to build and advance a pipeline of next-generation pharmaceutical products, today announced that Chairman and Chief Executive Officer, Shane J. Schaffer, and Chief Medical Officer, Matthew Brams, M.D., will present a company overview at the H.C. Wainwright Global Investment Conference on Wednesday, May 25, 2022, from 3:00-3:30 p.m. ET, at the Fontainebleau Miami Beach Hotel, Miami, FL. A live webcast of the presentation may be accessed at: HCW – Cingulate Live Presentation. A replay will be available on the investor section of Cingulate’s website at Cingulate Events & Presentations for 90 days. About Cingulate®Cingulate...

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Cascade Acquisition Corp. Announces Liquidation

Cascade Acquisition Corp. Announces Liquidation

New York, NY, May 18, 2022 (GLOBE NEWSWIRE) — Cascade Acquisition Corp. (NYSE: CAS) (the “Company”) announced today that, due to its anticipated inability to consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation, the Company intends to dissolve and liquidate in accordance with the provisions of its Amended and Restated Certificate of Incorporation and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the “Public Shares”), at a per-share redemption price of approximately $10.10.  As of the close of business on May 24, 2022, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount. In order to provide for the disbursement...

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Predictive Oncology Announces Closing of $7.2 Million Registered Direct Offerings

Predictive Oncology Announces Closing of $7.2 Million Registered Direct Offerings

EAGAN, Minn., May 18, 2022 (GLOBE NEWSWIRE) — Predictive Oncology Inc. (Nasdaq: POAI) (“Predictive Oncology” or “the Company”), a knowledge-driven company focused on applying artificial intelligence (“AI”) to personalized medicine and drug discovery, today announced that it has closed its previously announced two concurrent offerings with several institutional investors that resulted in gross proceeds totaling approximately $7.2 million before deducting placement agent fees and other offerings expenses. In the first offering, the Company issued and sold 3,837,280 shares of its common stock, at a purchase price of $0.60 per share, in a registered direct offering, for gross proceeds of approximately $2.3 million. The Company has also issued to these investors, in a concurrent private placement, unregistered warrants to purchase up...

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