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Day: October 3, 2022

AM FRESH Group acquires a controlling interest of Fruit-X to spearhead varietal innovation and redefine the produce experience in Asia; The company will be rebranded FRESH FRUIT-X

MADRID, Spain, Oct. 03, 2022 (GLOBE NEWSWIRE) — AM FRESH Group, a leading global company in genetics, agri-tech and farming has acquired a majority stake in Asian-based Fruit-X to redefine the produce industry in Asia and deliver a go-to-market solution of consistently high-quality and innovative produce for the hundreds of millions of Asian consumers who seek exciting, healthy and sustainable fresh-food experiences. AM FRESH Group will rebrand Fruit-X into a new corporate identity, FRESH FRUIT-X, to reflect its welcoming to the AM FRESH Group. FRESH FRUIT-X will leverage the best of both companies and provide best-in-class integrated solutions to South East Asian markets. AM FRESH, a significant player in the produce industry for over 90 years is committed to providing its unique expertise and robust vertically-integrated model...

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Newtek Business Services Corp. Reports Record SBA 7(a) Loan Fundings of $223.1 Million for the Third Quarter 2022

BOCA RATON, Fla., Oct. 03, 2022 (GLOBE NEWSWIRE) — Newtek Business Services Corp., (NASDAQ: NEWT), an internally managed business development company (“BDC”), announced today that Newtek Small Business Finance, LLC (“NSBF”) had record fundings of SBA 7(a) loans for the three and nine months ended September 30, 2022. For the three months ended September 30, 2022, NSBF funded a record $223.1 million in SBA 7(a) loans, which represents a 36.1% increase over $163.9 million of SBA 7(a) loan fundings for the three months ended September 30, 2021. NSBF also funded 355 loans, a record for the three months ended September 30, 2022, compared to 219 loans for the same period last year. For the nine months ended September 30, 2022, NSBF funded a record $587.0 million of SBA 7(a) loans, which represents an 61.9% increase over $362.6 million...

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Akerna Corp. Announces Pricing of $5.0 Million Private Placement of Convertible Redeemable Preferred Stock

DENVER, Oct. 03, 2022 (GLOBE NEWSWIRE) — Akerna Corp. (Nasdaq: KERN) (“Akerna” or the “Company”), a leading enterprise software company and developer of one of the most comprehensive technology infrastructures, ecosystems, and compliance engines powering the global cannabis industry, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase 400,000 shares of Series A convertible redeemable preferred stock and 100,000 shares of Series B convertible redeemable preferred stock. Each share of Series A and Series B preferred stock has a purchase price of $9.50, representing an original issue discount of 5% of the $10.00 stated value of each share. Each share of Series A and Series B preferred stock is convertible into shares of the Company’s common stock at an initial conversion...

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NeoGames’ Pariplay expands footprint in Sweden with ATG deal

Deal will see top-performing content go live with the number one operator in Sweden LUXEMBOURG, Oct. 03, 2022 (GLOBE NEWSWIRE) — NeoGames S.A (Nasdaq: NGMS) (“NeoGames” or the “Company”), a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today that its subsidiary, Pariplay, has signed a major distribution agreement with Sweden’s ATG that will see it significantly expand its reach in the country. ATG occupies the first place in the Swedish operator landscape, holding 30.3% of the licensed market. Through the deal, ATG will gain access to Wizard Games titles as well as selected third-party content available via Pariplay’s aggregation platform, Fusion®. Top-performing games include Dragons of the North, Spirit of Mustang, 12 Super Hot Diamonds Extreme and Jade King. Moti Malul, Chief Executive Officer...

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Hexatronic signs agreement to acquire U.S.-based Rochester Cable from TE Connectivity

Press release October 3, 2022Gothenburg Sweden Hexatronic signs agreement to acquire U.S.-based Rochester Cable from TE Connectivity Hexatronic Group AB (publ) (“Hexatronic”) has signed a binding asset purchase agreement to acquire all business activities of Rochester Cable (“Rochester Cable”), one of the main designers and manufacturers of harsh environment electro-optical cables in the USA, from TE Connectivity (TE), a world leader in connectors and sensors, for an enterprise value of USD 55 million. Rochester Cable Rochester Cable is a recognized leader in the design and manufacture of electro-optical cables for operation in harsh environments. The cables are highly engineered to meet specific requirements in demanding industries such as oil and gas, sensing, defense, oceanographic, and subsea applications. Rochester Cable is powered...

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IPG Acquires Premier Salesforce Solution Provider RafterOne

Additional Capabilities Will Create Industry-Leading Commerce Practice New York, NY, Oct. 03, 2022 (GLOBE NEWSWIRE) — Interpublic Group (NYSE: IPG) announced today that it has acquired RafterOne, a leading global provider of multi-cloud commerce solutions on the Salesforce platform. RafterOne will continue to focus on building around Salesforce to support clients across the IPG network that want to leverage the CRM platform. Terms of the deal were not disclosed.      RafterOne works with brands to architect and implement scaled Salesforce solutions that connect brands with customers through end-to-end commerce experiences. With a global team of 500+, RafterOne strengthens every touchpoint of the customer journey through multi-cloud Salesforce solutions for B2B and B2C commerce. The company is a Salesforce Summit Partner, which...

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Aqua Metals Closes $6 Million Secured Loan from Alpen Mortgage

Proceeds Enhance Cash Position, Support Near-Term Growth Initiatives and Paves Path to Revenue RENO, Nev., Oct. 03, 2022 (GLOBE NEWSWIRE) — Aqua Metals, Inc. (NASDAQ: AQMS) (“Aqua Metals” or the “Company”), which is reinventing metals recycling with its AquaRefining™ technology, today announced that the Company has closed a $6 million secured loan with Alpen Mortgage, Northern Nevada’s Premier Private Lender. The loan provides a non-dilutive path to expand the Company’s cash position and ensure sufficient resources to reach revenue generation. “This loan provides additional resources and liquidity to continue the investment in our business in a prudent and strategic manner, avoiding dilution and giving us greater flexibility as we move toward concluding pending real estate transactions that will significantly augment our...

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GlobalFoundries Announces Conference Call to Review Third Quarter 2022 Financial Results

MALTA, New York, Oct. 03, 2022 (GLOBE NEWSWIRE) — GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, November 8, 2022 at 8:30 a.m. ET following the release of the company’s third quarter 2022 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, November 8, 2022 at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. The company’s financial results and a webcast of the conference call will be available on GF’s Investor Relations website at https://investors.gf.com. About GlobalFoundries GlobalFoundries Inc. (GF) is one of the world’s leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich...

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Ascendis Pharma Announces Recommended Phase 2 Dose and Cohort Expansion for transcendIT-101, a Phase 1/2 Clinical Trial of TransCon™ TLR7/8 Agonist in Solid Tumors

– TransCon TLR7/8 Agonist continued to be well-tolerated and demonstrated early signs of clinical activity as monotherapy or in combination with pembrolizumab – Abstract for dose-escalation topline data accepted for an oral presentation at SITC 2022, November 8-12 in Boston – Recommended Phase 2 dose to be evaluated in four indication-specific dose-expansion cohorts COPENHAGEN, Denmark, Oct. 03, 2022 (GLOBE NEWSWIRE) — Ascendis Pharma A/S (Nasdaq: ASND) today announced completion of the dose-escalation portion and recommendation of the Phase 2 dose in transcendIT-101, a Phase 1/2 clinical trial to evaluate the safety and efficacy of TransCon TLR7/8 Agonist in locally advanced or metastatic solid tumors, alone or in combination with pembrolizumab. TransCon TLR7/8 Agonist is a novel investigational product candidate...

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Urica Therapeutics Appoints Seasoned Biotech Executive Jay D. Kranzler, M.D., Ph.D., as Chairman and Chief Executive Officer

Company also strengthens Board of Directors with addition of Stanford Professor Vibeke Strand, M.D., MACR, FACP MIAMI, Oct. 03, 2022 (GLOBE NEWSWIRE) — Urica Therapeutics, Inc. (“Urica” or the “Company”) (formerly known as UR-1 Therapeutics, Inc.), a Fortress Biotech, Inc. (Nasdaq: FBIO) (“Fortress”) subsidiary company focused on the development and commercialization of pharmaceutical products to treat gout and chronic kidney disease, today announced the appointments of Jay D. Kranzler, M.D., Ph.D., as Chairman and Chief Executive Officer and Vibeke Strand, M.D., MACR, FACP, Adjunct Clinical Professor, Division of Immunology/Rheumatology, Stanford University, to its Board of Directors. Lindsay A. Rosenwald, M.D., Fortress’ Chairman and Chief Executive Officer and Board Member of Urica, said, “We are pleased to welcome Jay as Chairman...

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