Day: December 19, 2022

HII Successfully Completes Builder’s Sea Trials for Destroyer Jack H. Lucas (DDG 125)

Written by Customer Service on December 19, 2022. Posted in Public Companies.

Jack H. Lucas (DDG 125) Trials Jack H. Lucas (DDG 125) performs test and maneuvers during its builder’s sea trials in the Gulf of Mexico.PASCAGOULA, Miss., Dec. 19, 2022 (GLOBE NEWSWIRE) — HII’s (NYSE:HII) Ingalls Shipbuilding division announced today the successful completion of builder’s sea trials for guided missile destroyer Jack H. Lucas (DDG 125). The Arleigh Burke-class destroyer spent several days in the Gulf of Mexico with Ingalls’ test and trials team operating the ship and performing an extensive list of test events. During the sea trials, the team successfully accomplished the hull, mechanical, and electrical tests, conducted the first in class Flight III events with the SPY-6 arrays and tested the machinery control system to ensure remote operability of the new electric plant. “Getting DDG 125 underway is a significant...

AlphaVest Acquisition Corp Announces Pricing of $60 Million Initial Public Offering

Written by Customer Service on December 19, 2022. Posted in Public Companies.

New York, NY, Dec. 19, 2022 (GLOBE NEWSWIRE) — AlphaVest Acquisition Corp (the “Company”) today announced the pricing of its initial public offering of 6,000,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Stock Market LLC (“Nasdaq”) and trade under the ticker symbol “ATMVU” beginning tomorrow, December 20, 2022. Each unit consists of one ordinary share and one right, entitling the holder thereof to receive one-tenth of one ordinary share upon consummation of an initial business combination. After the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on Nasdaq under the symbols “ATMV” and “ATMVR,” respectively. The offering is expected to close on December 22, 2022, subject to customary closing conditions. The Company is a blank check...

Churchill Downs Incorporated to Acquire Exacta Systems

Written by Customer Service on December 19, 2022. Posted in Mergers And Acquisitions.

LOUISVILLE, Ky., Dec. 19, 2022 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that it has entered into a definitive agreement under which CDI would acquire all of the outstanding equity interests of Exacta Systems, LLC (“Exacta”) for total consideration of $250 million in cash (the “Transaction”), subject to certain working capital and other purchase price adjustments. The Transaction will provide CDI the opportunity to realize synergies related to the Company’s recent acquisition of Colonial Downs Racetrack and the Rosie’s Gaming Emporium HRM facilities in Virginia. Exacta, a provider of technology to support historical horse racing (“HHR”) operations, has integrated a diverse set of leading historical racing machine (“HRM”) gaming manufacturers into its HHR platform, including...

Delta 9 Announces Changes to Board of Directors

Written by Customer Service on December 19, 2022. Posted in Public Companies.

WINNIPEG, Manitoba, Dec. 19, 2022 (GLOBE NEWSWIRE) — DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: DLTNF) (“Delta 9” or the “Company”) is pleased to announce that Mr. Stuart Starkey has joined the Company’s board of directors effective December 19, 2022. Mr. Starkey’s appointment follows the previously announced resignation of Joanne Duhoux-Defehr as a director of the Company. Over the past 15 years, Mr. Starkey has been an entrepreneur, para-athlete, and non-profit founder. As President of Two Small Men Canada, Mr. Starkey grew a national moving chain to achieve corporate and franchise revenues of $35 Million per year with over 400 employees. As Co-founder of Mighty Moving Mr. Starkey grew a cross-docking and logistics business to service dozens of large chain retailers, with offices across Alberta. He has since successfully...

Grieg Seafood ASA: Trade subject to notification – shares for employees 2022

Written by Customer Service on December 19, 2022. Posted in Mergers And Acquisitions.

On 9 June 2022, Grieg Seafood ASA’s annual general meeting authorized Grieg Seafood ASA (the “Company“) to sell Grieg Seafood ASA shares owned by it to Grieg Seafood group employees in connection with the Company’s share saving program (the “Program“). The purpose of the Program is to strengthen Grieg Seafood’s culture and to encourage loyalty through employees becoming shareholders of the Company. Grieg Seafood ASA has today started the transfer of 97,068 own shares at a price of NOK 71.0958 per share in conjunction with its Program. The share price corresponds to the volume-weighted average share price as traded on Oslo Børs Euronext in the period from 5 December 2022 to 16 December 2022 (including). The participants receive 30 % discount on the purchase price. The discount from market price...

Patriot Achieves 79% Recovery in Dense Media Separation Test Work on the CV5 Pegmatite, Corvette Property, Quebec

Written by Customer Service on December 19, 2022. Posted in Public Companies.

Figure 1 Spodumene concentrate (DMS + Non-Magnetic fractions) – 5.8% Li2O and 0.60% Fe2O3 at 79% recoveryFigure 2 Close-up of spodumene concentrate (DMS + Non-Magnetic fractions) – 5.8% Li2O and 0.60% Fe2O3 at 79% recoveryFigure 3 DMS circuit set-up at SGS Lakefield, Ontario, CanadaHighlightsPreliminary Dense Media Separation (“DMS”) followed by magnetic separation on drill core from the CV5 Pegmatite produces marketable spodumene concentrate at high lithium recovery79% recovery to produce 5.8% Li2O spodumene concentrate with low Fe2O3 (0.60%)Results affirm previous Heavy Liquid Separation (“HLS”) tests and indicate a strong potential for a DMS driven flowsheet without the need of flotation An HLS screening program is nearing completion and will assess the liberation and recovery characteristics at different locations of...

Yorbeau Announces Termination of Option Agreement on the Rouyn Project

Written by Customer Service on December 19, 2022. Posted in Public Companies.

MONTREAL, Dec. 19, 2022 (GLOBE NEWSWIRE) — Yorbeau Resources Inc. (TSX: YRB), (“Yorbeau” or the “Company”) announced today that IAMGOLD Corporation (“IAMGOLD”) has terminated its option to purchase a 100% interest in Yorbeau’s Rouyn property under the definitive option agreement between Yorbeau and IAMGOLD dated December 14, 2018 (the “Option Agreement”). IAMGOLD has indicated to Yorbeau that it has reviewed its options with the Rouyn project with respect to which it has invested significant funds over the last four years, and that the decision to terminate was due, among other factors, to its current decision to delay new investments in order to focus first on the Côté Gold Project. The terms of the Option Agreement were announced in the Company’s press release dated December 17, 2018. Among other commitments, IAMGOLD was required...

Ceres Acquisition Corp. Announces Completion of Previously Announced Automatic Redemption of Class A Restricted Voting Shares

Written by Customer Service on December 19, 2022. Posted in Public Companies.

TORONTO, Dec. 19, 2022 (GLOBE NEWSWIRE) — Ceres Acquisition Corp. (“Ceres” or the “Corporation”) announced today that the previously announced automatic redemption (the “Redemption”) of the Corporation’s Class A restricted voting shares (the “Class A Restricted Voting Shares”) effective at the close of business on December 16, 2022 has been completed, provided that any registered shareholder of Class A Restricted Voting Shares duly delivers the applicable share certificate held by it. Redemption of Class A Restricted Voting Shares held by non-registered holders with The Canadian Depositary For Securities Limited, which represents substantially all of the Class A Restricted Voting Shares, has been completed. Each Class A Restricted Voting Shares was, as provided under the Corporation’s articles, redeemed for approximately U.S.$10.00754...

Inspirato Announces Third Quarter 2022 Financial and Operating Results

Written by Customer Service on December 19, 2022. Posted in Earnings Releases And Operating Results.

DENVER, Dec. 19, 2022 (GLOBE NEWSWIRE) — Inspirato Incorporated (“Inspirato” or the “Company”) (NASDAQ: ISPO), the innovative luxury travel subscription brand, today announced its 2022 third quarter financial and operating results. 2022 Third Quarter HighlightsStrong Operational Results. As of September 30, 2022, Total Active Subscriptions, Annual Recurring Revenue and Controlled Accommodations all finished at the highest levels in Company history. Record Subscription Revenue, Travel Revenue and Total Revenue. Quarterly revenue of $93 million, an increase of 44% year-over-year, including subscription revenue of $39 million, an increase of 53% year-over-year, and travel revenue of $55 million, a 38% increase year-over-year. Subscription Growth. Active Subscriptions of 16,300 as of September 30, 2022, an increase of 16% year-over-year....

Otonomy Provides Corporate Update

Written by Customer Service on December 19, 2022. Posted in Public Companies.

SAN DIEGO, Dec. 19, 2022 (GLOBE NEWSWIRE) — Otonomy, Inc. (Nasdaq: OTIC) today announced that the company’s board of directors, after considering strategic options, has approved and adopted a Plan of Liquidation and Dissolution (“Plan of Dissolution”) that would include the distribution of remaining cash to stockholders following an orderly wind down of the company’s operations, including the proceeds from the sale of any pipeline assets. To reduce cost, Otonomy has implemented a reduction in workforce. These updates are discussed below. Evaluation of Strategic Options As previously reported, Otonomy initiated an evaluation of strategic options to realize value from its pipeline. The company is currently in discussions for the potential sale of its pipeline assets. Proceeds from any such sale would be distributed to stockholders...

Day: December 19, 2022

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