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Month: September 2022

Delta Corp Holdings Limited, a Fast Growing Asset-Light Logistics Company Enters into a Definitive Merger and Share Exchange Agreement with Coffee Holding Co., Inc.

Proposed transaction will create a public company engaged in Bulk & Energy logistics, fuel supply, commodities (inclusive of coffee), and asset management related services Delta has a multinational footprint which facilitates the global trade of energy, raw materials, and agricultural products Delta has an established and diversified customer base leading to revenue of $532 million and net income of $45 million for fiscal year ended December 31, 2021 Delta has experienced significant growth in revenues and profitability with 171% year-over-year growth in revenue and 828% growth in net income for 2021 Delta’s asset-light business model maintains a strong balance sheet with no debt Combined public company to have an implied diluted pro forma enterprise value of approximately $655 million Transaction to be completed at a 127% premium...

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Aileron Therapeutics Announces Oral Presentation of Non-Clinical Data Demonstrating ALRN-6924 Protected Human Hair Follicles and Their Stem Cells from Chemotherapy-Induced Damage at the European Society for Dermatological Research Annual Meeting 2022

New ex vivo data demonstrates protection against cyclophosphamide-induced damage to hair follicles and their stem cells Encore presentation of data presented at Society for Investigative Dermatology in May 2022 shows:ALRN-6924 temporarily arrested the cell cycle in human scalp hair follicles and their stem cells Ex vivo data demonstrated protection against taxane-induced damage to hair follicles and their stem cellsNearly all breast cancer patients receiving neoadjuvant or adjuvant chemotherapy, including cyclophosphamide and taxanes, such as docetaxel, experience alopecia (hair loss) Aileron is evaluating ALRN-6924 as a novel chemoprotective agent to prevent chemotherapy-induced bone marrow toxicities and alopecia in its ongoing Phase 1b breast cancer trialBOSTON, Sept. 30, 2022 (GLOBE NEWSWIRE) — Aileron Therapeutics...

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ŽEMAITIJOS PIENAS AB Group preliminary operating results for the 1st half of 2022 and half-year information

ŽEMAITIJOS PIENAS AB (hereinafter – the Company) delivers consolidated unaudited operating results of the Group for the 1st half of 2022:unaudited consolidated sales revenue of the Company group for the 1st half of  2022 amounts to EUR  122,7 million, in comparison with the 1st half of 2021 the sales revenue increased by 31,5 %; preliminary consolidated unaudited result of the Company group in terms of net profit for the 1st half of 2022 reached EUR 1,2 million.In accordance with Article 13 of the Law on Securities of the Republic of Lithuania, we also provide half-year information: (i) a set of consolidated financial statements for the first half of the financial year; (ii) a consolidated half-year report; and (iii) approval of the responsible persons. The person authorized to provide additional information: Arnas Matuzas Head of...

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AITX’s Subsidiary Robotic Assistance Devices Ships First Firearm Detection Solution Under the ‘Bailey’s Gift’ Campaign

Artificial Intelligence Technology Solutions, Inc. Map of the United States showing the locations of the 10 schools that have been selected as recipients of RAD’s Bailey’s Gift ROSA with Firearm Detection systems.Detroit, Michigan, Sept. 30, 2022 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD) has shipped the first of several ROSA security robots to a high school as part of the Bailey’s Gift campaign. Bailey’s Gift is named in memory of Bailey Holt, who was shot and killed by a gunman during the January 23, 2018, Marshall County High School shooting in rural Kentucky. Bailey’s mother, Secret Holt is an active advocate for better security in our school systems and is involved in the school selection and...

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OpGen Announces $3.38 Million Registered Direct Offering

ROCKVILLE, Md., Sept. 30, 2022 (GLOBE NEWSWIRE) — OpGen, Inc. (Nasdaq: OPGN, “OpGen” or the “Company”), a precision medicine company harnessing the power of molecular diagnostics and bioinformatics to help combat infectious disease, today announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale in a registered direct offering of 9,660,000 shares of the Company’s common stock (or common stock equivalents), 33,810 shares of Series C mirroring preferred stock (“Series C Preferred”) and, in a concurrent private placement, unregistered warrants to purchase up to an aggregate of 9,660,000 shares of common stock, at a purchase price of $0.35 per share (or common stock equivalent). Each share of Series C Preferred Stock has a stated value of $0.01 per share and will...

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Panbela Announces Pricing of Approximately $6 Million Public Offering

MINNEAPOLIS, Sept. 30, 2022 (GLOBE NEWSWIRE) — Panbela Therapeutics, Inc. (Nasdaq: PBLA), (“Panbela” or the “Company”), a clinical stage company developing disruptive therapeutics for the treatment of patients with urgent unmet medical needs, today announced the pricing of a public offering of (i) 20,100,000 shares of its common stock (or pre-funded warrants in lieu thereof) and (ii) warrants to purchase up to 30,150,000 shares of its common stock (the “Public Warrants”) at a purchase price of $0.30 per share and associated Public Warrant. The Public Warrants will have an exercise price of $0.30 per share, are exercisable upon issuance, and will expire five years following the date of issuance. The offering is expected to close on or about October 4, 2022, subject to customary closing conditions. Roth Capital Partners, LLC is acting...

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Foresight Enterprise VCT plc – Unaudited Half-yearly Financial Report

FORESIGHT ENTERPRISE VCT PLCLEI: 213800MWJNR3WZZ3ZP42 UNAUDITED HALF-YEARLY FINANCIAL REPORTFOR THE PERIOD ENDED 30 JUNE 2022 FINANCIAL HIGHLIGHTSTotal net assets £134.8 million An interim dividend of 3.5p per share was paid on 30 June 2022, returning £6.9 million to Shareholders The portfolio value has increased by £4.6 million in the last six months Net Asset Value per share decreased by 2.3% in the period from 69.1p at 31 December 2021 to 67.5p at 30 June 2022 Including the payment of a 3.5p dividend made on 30 June 2022, NAV Total Return per share at 30 June 2022 was 71.0p, representing a positive total return of 2.7% in the periodCHAIR’S STATEMENT I am pleased to present the unaudited Half-Yearly Report for Foresight Enterprise VCT plc for the period ended 30 June 2022. The business environment remains challenging after the substantial...

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ALR Technologies Announces Update to Singapore Migration Merger and GluCurve Pet CGM Commercialization

SINGAPORE, Sept. 30, 2022 (GLOBE NEWSWIRE) — ALR Technologies Inc. (“ALRT”) (OTCQB: ALRT), the diabetes management company, is pleased to announce an update with respect to its migration to Singapore. Further to its Form 8-K filed May 20, 2022, and press release issued May 20, 2022, the Registration Statement on Form F-4 filed by its affiliate, ALR Technologies SG Ltd. (“ALRT Singapore”), has been declared effective by the Securities and Exchange Commission (the “SEC”). ALRT anticipates mailing the corresponding prospectus and information statement to its stockholders on or around October 4, 2022. ALRT expects to consummate the previously announced reincorporation merger in which ALRT will become a wholly owned subsidiary of ALRT Singapore as soon as practicable following the required 20-day waiting period subsequent to mailing...

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Intercept Pharmaceuticals Announces REVERSE Phase 3 Study of Obeticholic Acid (OCA) in Compensated Cirrhosis due to NASH Did Not Meet its Primary Endpoint

Company remains on track to resubmit new drug application (NDA) for OCA in its lead indication of fibrosis due to NASH by year end based on its positive Phase 3 REGENERATE study MORRISTOWN, N.J., Sept. 30, 2022 (GLOBE NEWSWIRE) — Intercept Pharmaceuticals, Inc. (Nasdaq: ICPT), a biopharmaceutical company focused on the development and commercialization of novel therapeutics to treat progressive non-viral liver diseases, today announced that REVERSE, a Phase 3 study evaluating the safety and efficacy of OCA in patients with compensated cirrhosis due to nonalcoholic steatohepatitis (NASH), did not meet its primary endpoint of a ≥ 1-stage histological improvement in fibrosis with no worsening of NASH following up to 18 months of therapy. No new safety signals for OCA were observed in this population of patients with cirrhosis. REVERSE...

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Trisura Acquires Sovereign Insurance’s Surety Business

TORONTO, Sept. 30, 2022 (GLOBE NEWSWIRE) — Trisura Group Ltd. (“Trisura”) and The Sovereign General Insurance Company (“Sovereign Insurance”) are pleased to announce the acquisition by Trisura of Sovereign Insurance’s surety business in Canada. The deal provides Trisura with access to a portfolio of contract, commercial and developer surety accounts, which in 2021 produced an annual premium of over $16 million CAD. The acquisition strengthens Trisura’s surety operation in Canada. Sovereign Insurance exits the surety business in Canada to focus more closely on its core commercial and specialty lines business. “Sovereign Insurance’s surety business is a great fit for Trisura as it allows us to further our position as a leader in the Canadian surety marketplace, while supporting our growing North American surety platform,” says Chris...

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