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Day: August 17, 2022

Figures for first half 2022: Schweiter sees sales continue to grow in first half year

  Ad hoc announcement pursuant to Art. 53 LR Figures for first half 2022 Schweiter sees sales continue to grow in first half yearSales growth of 5% at constant exchange rates (+3% in Swiss francs), supported by price increases and greater sales volumes for architecture products EBITDA at CHF 57.0 million (previous year: CHF 77.8 million) Results impacted by significant cost increases and COVID lockdown in ChinaSteinhausen, August 17, 2022 – Schweiter Technologies recorded healthy organic sales growth and hit a record high. Net sales increased by 3% (in local currencies: +5%) to reach CHF 647.8 million. Price adjustments and increased efficiencies did not suffice to fully offset the sharp rise in material and energy costs and negative currency effects, which led to a lower operating profit in the first half year in comparison with...

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New United States Inflation Reduction Act provides incentives for PowerTap to expand in USA outside of California

VANCOUVER, British Columbia and IRVINE, Calif., Aug. 17, 2022 (GLOBE NEWSWIRE) — PowerTap Hydrogen Capital Corp. (NEO: MOVE) (FWB: 2K6) (OTC: MOTNF) (“PowerTap” or the “Company” or “MOVE”) is pleased to provide an update on the US Inflation Reduction of Act (IRA) of 2022 recently signed by President Biden, which allows PowerTap to expand outside of California since the incentives are now also at federal level. The Inflation Reduction Act (IRA) of 2022 will result in an investment of $369 billion in energy and climate change programs (link here) and will avoid 6.3 billion tons of cumulative greenhouse gas emissions by 2030 (Princeton University ZERO Lab Preliminary Report: The Climate and Energy Impacts of the Inflation Reduction Act of 2022), amounting to a 40 percent annual emissions reduction compared to 2005 levels (link here)....

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Mexican Gold Announces Private Placement Repricing

// THIS PRESS RELEASE IS NOT INTENDED FOR RELEASE OR DISSEMINATION IN THE UNITED STATES // VANCOUVER, British Columbia, Aug. 16, 2022 (GLOBE NEWSWIRE) — Mexican Gold Mining Corp. (the “Company” or “Mexican Gold“) (TSXV: MEX, OTCQB: MEXGF) announces that it has reduced the per Unit price of the private placement offering announced July 29, 2022 (the “Offering”) and increased the number of Units offered. The price per Unit of the Offering has been reduced from $0.02 per Unit to $0.015 per Unit. As it remains the Company’s intention to raise $150,000, the number of Units offered has increased from 7,500,000 to 10,000,000 accordingly. All other terms and conditions of the Offering remain unchanged with each Unit consisting of one (1) common share in the capital of the Company (“Share”) and one (1) Share purchase warrant (“Warrant”),...

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Sprott Physical Platinum and Palladium Trust Updates Its “At-the-Market” Equity Program

TORONTO, Aug. 16, 2022 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott Asset Management”), a subsidiary of Sprott Inc., on behalf of the Sprott Physical Platinum and Palladium Trust (NYSE: SPPP) (TSX: SPPP / SPPP.U) (the “Trust”), a closed-ended mutual fund trust created to invest and hold substantially all of its assets in physical platinum and palladium bullion, today announced that it has updated its at-the-market equity program to issue up to US$100 million of units of the Trust (“Units”) in the United States and Canada. Distributions under the at-the-market equity programs in the United States and Canada (together, the “ATM Program”) will be completed in accordance with the terms of an amended and restated sales agreement (the “Sales Agreement”) dated October 21, 2020 between Sprott Asset Management (as the manager...

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Iterum Therapeutics Announces Date of 1-for-15 Reverse Share Split

DUBLIN, Ireland and CHICAGO, Aug. 16, 2022 (GLOBE NEWSWIRE) — Iterum Therapeutics plc (Nasdaq: ITRM) (the “Company”), a clinical-stage pharmaceutical company focused on developing next generation oral and IV antibiotics to treat infections caused by multi-drug resistant pathogens in both community and hospital settings, announced today that it will effect a 1-for-15 reverse share split of its outstanding ordinary shares at 5.00 p.m. Eastern Time on August 17, 2022, which will be effective for trading purposes on the Nasdaq Capital Market as of the commencement of trading on August 18, 2022. At the Annual General Meeting of Shareholders on June 15, 2022, the Company’s shareholders approved, subject to and conditional upon the Board of Directors of the Company determining, in its sole discretion, that a reverse share split is necessary...

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Option Care Health Announces Pricing of Secondary Offering of 11,000,000 Shares of Common Stock

BANNOCKBURN, Ill., Aug. 16, 2022 (GLOBE NEWSWIRE) — Option Care Health, Inc. (“Option Care Health” or the “Company”) (NASDAQ: OPCH) announced today that an affiliate of Walgreens Boots Alliance, Inc. (the “Selling Stockholder”) has agreed to sell 11,000,000 shares of the Company’s common stock at a price to the public of $33.25 per share in an underwritten secondary offering. The offering is expected to close on August 18, 2022, subject to customary closing conditions. The Company will not receive any proceeds from the offering. This sale of shares represents approximately 6.0% of the current shares outstanding. Goldman Sachs & Co. LLC is acting as the sole underwriter for the offering. A shelf registration statement on Form S-3 relating to the shares of common stock was filed with, and declared effective by, the Securities...

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Hill International to be Acquired by Global Infrastructure Solutions Inc. for $2.85 Per Share

PHILADELPHIA and NEW YORK, Aug. 16, 2022 (GLOBE NEWSWIRE) — Hill International, Inc. (NYSE:HIL) (“Hill” or the “Company”), delivering the infrastructure of change, announced today it has entered into a definitive merger agreement with Global Infrastructure Solutions Inc. (GISI), the largest privately owned construction manager in the commercial building, industrial and healthcare markets, and a leading project/construction manager in the environmental and public infrastructure sectors. Under the terms of the merger agreement, GISI will commence an all-cash tender offer to acquire 100% of the issued and outstanding shares of Hill for $2.85 in cash per share, representing a premium of 62.8% to Hill’s closing share price on August 16, 2022. Following the successful completion of the tender offer, GISI will acquire all remaining shares...

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Fujifilm Group Deploys Verizon Business Group’s Advanced Security Operations Center

TOKYO, Aug. 16, 2022 (GLOBE NEWSWIRE) — Verizon Business is supporting Japan’s FUJIFILM Holdings and its subsidiaries to strengthen its global cybersecurity monitoring and cyber intelligence capabilities. As part of Fujifilm’s ongoing IT infrastructure transformation, the company’s technology teams will now have access to Verizon’s Advanced Security Operations Center (SOC) capabilities in Canberra, Australia. Fujifilm’s network and security experts across the Asia-Pacific, Europe and the US regions will be able to leverage daily threat intelligence feeds from Verizon’s Threat Research Advisory Center (VTRAC) as well as the availability of local-language security engineers and analysts that will monitor the company’s global remote environments on a 24/7/365 basis. Fujifilm’s SOC deployment will reach a critical milestone in establishing...

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