Day: February 13, 2023

Kvika banki hf.: Moody’s places Kvika Banki’s ratings on review for upgrade

Written by Customer Service on February 13, 2023. Posted in Public Companies.

Moody’s Investors Service (“Moody’s”) has today placed Kvika Banki hf.’s (“Kvika”) deposit and issuer ratings on review for upgrade as merger discussions with Íslandsbanki hf. commence. Given the review for upgrade, Moody’s is unlikely to downgrade Kvika’s ratings during the review period. However, failure to proceed with the merger would result into Kvika’s ratings to be confirmed at current levels provided that the bank continues to exhibit resilient financial performance. The review is placed on Kvika’s long-term deposit ratings of Baa1 and issuer ratings of Baa2. Furthermore, Moody’s also placed the bank’s Baseline Credit Assessment (BCA) and Adjusted BCA of ba1, the long-term Counterparty Risk (CR) Assessment of Baa1(cr) and Counterparty Risk Ratings (CRRs) of Baa1 on review for upgrade. The outlook on the long-term deposit and issuer...

Iris Energy Increases Self-Mining Capacity From 2.0 EH/s to 5.5 EH/s

Written by Customer Service on February 13, 2023. Posted in Earnings Releases And Operating Results.

SYDNEY, Australia, Feb. 13, 2023 (GLOBE NEWSWIRE) — Iris Energy Limited (NASDAQ: IREN) (together with its subsidiaries, “Iris Energy”, “the Company” or “the Group”), a leading owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, today announced it is increasing its self-mining capacity from 2.0 EH/s to 5.5 EH/s. Key HighlightsUS$67 million of remaining Bitmain prepayments utilized to acquire 4.4 EH/s of new S19j Pro miners without any additional cash outlay Newly acquired miners to be installed in the Company’s data centers, increasing self-mining operating capacity from 2.0 EH/s1 to 5.5 EH/s over the coming months Considering options for the sale of surplus miners to re-invest in growth initiatives and/or corporate purposesIris Energy has successfully utilized...

Arras Minerals Announces Acquisition of Three New Exploration Licenses in Northeastern Kazakhstan

Written by Customer Service on February 13, 2023. Posted in Mergers And Acquisitions.

Figure 1. Arras’ mineral exploration licenses in northeastern Kazakhstan, showing the newly granted licenses. Also shown is the location of Arras’ exploration office in the city of Ekibastuz and the producing Bozshakol and Maikain mines.VANCOUVER, British Columbia, Feb. 13, 2023 (GLOBE NEWSWIRE) — Arras Minerals Corp. (TSX-V: ARK) (“Arras” or “the Company”) is pleased to announce the acquisition of three additional mineral exploration licences in Pavlodar Province, Kazakhstan. The new licences held by the Company’s local subsidiary cover a total of 364 square kilometers (“sq km”) in northeastern Kazakhstan. Highlights: A total of three new mineral exploration licenses totaling 364 sq km have been granted by the Ministry of Industry and Innovational Development, Government of Kazakhstan, increasing the Company’s total land package...

U.S. Risk Announces Acquisition of Gumtree Wholesale Insurance Brokers

Written by Customer Service on February 13, 2023. Posted in Mergers And Acquisitions.

DALLAS, Feb. 13, 2023 (GLOBE NEWSWIRE) — U.S. Risk Insurance Group, LLC, a leading property and casualty wholesale broker and specialty lines underwriting manager, today announced the acquisition of Jackson, Mississippi-based Gumtree Wholesale Insurance Brokers, Inc. The company specializes in trucking insurance solutions for the transportation industry and will join U.S. Risk Brokers, the wholesale brokerage division of U.S. Risk. Terms of the transaction were not disclosed. Commenting on the new partnership, Gumtree President Nick Myers shared: “Since Gumtree’s founding in 2010, we have earned a strong reputation for delivering quality service and solutions to our valued agents and transportation industry clients. Partnering with U.S. Risk, we look forward to further enhancing our current service offerings and industry expertise...

Motorized Quadricycle Market Size worth USD 2.15 Billion, Globally, by 2029 at a CAGR of 11.9%

Written by Customer Service on February 13, 2023. Posted in Mergers And Acquisitions.

Motorized Quadricycle Market to Reach USD 2.15 Billion by 2029; Renault Unveiled Two-Seat Urban Mobility Vehicle Pune, India., Feb. 13, 2023 (GLOBE NEWSWIRE) — The global motorized quadricycle market size is projected to grow from USD 0.97 billion in 2022 to USD 2.15 billion by 2029 with a CAGR of 11.9%. The market was valued at USD 0.90 billion in 2021 and is expected to show significant growth in the forecast period. Fortune Business Insights™ has published this information in report titled “Motorized Quadricycle Market, 2022-2029,” which highlights the growth and trends in the motorized quadricycle industry. A motorized quadricycle, also known as a four-wheeled microcar, is a compact vehicle that offers the convenience of a car but with a smaller footprint and lower emissions. The growth of the market can...

Virtual Pipeline Market Size worth USD 1.48 Billion, Globally, by 2029 at a CAGR of 5.4%

Written by Customer Service on February 13, 2023. Posted in Mergers And Acquisitions.

The Virtual Pipeline Market size was valued USD 0.99 billion in 2021. The market size of Virtual pipeline industry projected to grow from USD 1.02 billion in 2022 to USD 1.48 billion by 2029. The Compound Annual Growth Rate (CAGR) is expected to be 5.4% during this period.; Expansion of the natural gas industry to drive market growth. Pune, India, Feb. 13, 2023 (GLOBE NEWSWIRE) — The global virtual pipeline market size was valued at USD 0.99 billion in 2021 and USD 1.02 billion in 2022. The market is expected to reach USD 1.48 billion by 2029 with a CAGR of 5.4% during the forecast period. A virtual pipeline is the replacement of a physical pipeline where gas is transported to the delivery point by sea, road, rail, or incorporation of one or more of such modes of transport. Increasing demand for the enhanced gas pipeline is set...

Huntington’s Disease Treatment Market Size to Hit USD 2,932.2 Million By 2030, at a CAGR of 17.5%

Written by Customer Service on February 13, 2023. Posted in Mergers And Acquisitions.

According to Fortune Business Insights, The Huntington’s Disease Treatment Market size is anticipated to reach USD 2,932.2 Million By 2030, the market size was USD 848.0 Million in 2022 and is anticipated to rise at a CAGR of 17.5%. Pune, India, Feb. 13, 2023 (GLOBE NEWSWIRE) — The global Huntington’s disease treatment market size reached USD 848.0 million in 2022. The market value is anticipated to increase from USD 945.8 million in 2023 to USD 2,932.2 million by 2030, recording a CAGR of 17.5% during the forecast period. Fortune Business Insights™ presents this information in a report titled, “Huntington’s Disease Treatment Market, 2023-2030.” Huntington’s Disease (HD) is a rare degenerative, progressive disorder that affects the brain over time. It affects the patient both mentally and physically. Mental or...

Form 8.3 – [Devro plc – 10 02 2023] – (CGWL)

Written by Customer Service on February 13, 2023. Posted in Mergers And Acquisitions.

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION(a) Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. N/A(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree DEVRO PLC(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A(e) Date position held/dealing...

Point of Sale Market Size [2022-2029] Exhibits 15.9% CAGR to Reach USD 70.75 Billion by 2029

Written by Customer Service on February 13, 2023. Posted in Mergers And Acquisitions.

As per the report by Fortune Business Insights, the global point of sale market size is projected to reach USD 70.75 billion in 2029, at a CAGR of 15.9% during the forecast period Pune, India, Feb. 13, 2023 (GLOBE NEWSWIRE) — The global point of sale market size was USD 22.08 billion in 2021. The market is projected to grow from USD 25.24 billion in 2022 to USD 70.75 billion by 2029. The projected CAGR is 15.9% during the 2022-2029 period. The rising implementation of cloud and AI integration in PoS systems will drive the market. Fortune Business Insights™ publishes this information in a report titled, “Point of Sale Market Forecast, 2023-2029”.Request a Free Sample PDF: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/point-of-sale-pos-market-106336The number of smartphone users is also...

Smart Home Market Size to Hit USD 380.52 Billion by 2028, at a CAGR of 21.1%

Written by Customer Service on February 13, 2023. Posted in Mergers And Acquisitions.

As per the report by Fortune Business Insights, the global Smart Home Market size is projected to reach USD 380.52 Billion in 2028, at a CAGR of 21.1% during the forecast period, 2021-2028 Pune, India, Feb. 13, 2023 (GLOBE NEWSWIRE) — The global Smart Home Market size was valued at USD 86.48 billion in 2020. The market is projected to grow from USD 99.89 Billion in 2021 to USD 380.52 Billion in 2028, exhibiting a CAGR of 21.1% during the forecast period. Smart Home Market Size in Asia Pacific was USD 25.10 Billion in 2020. Fortune Business Insights™ presents this information in its report titled “Smart Home Market Forecast, 2023-2028.” Key Industry Development D-Link Corporation unveiled mydlink smart home solutions, accentuating the security offered to maintain the safety of safe the family throughout the pandemic. For...

Day: February 13, 2023

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