Month: March 2023

ButcherJoseph Advised Rapid Response, Inc. on Sale to Its Employees

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

ST. LOUIS, March 13, 2023 (GLOBE NEWSWIRE) — Saint Louis, MO, February 2023 – ButcherJoseph & Co. (“ButcherJoseph”) served as exclusive financial advisor to Rapid Response, Inc. (“Rapid Response” or the “Company”) on its sale to an Employee Stock Ownership Plan (ESOP). Starting in 1982 with one straight truck and one furniture delivery customer, Rapid Response has grown into one of the Midwest’s largest and most successful transportation companies, handling trucking needs nationwide for many large organizations including several Fortune 500 companies. The transaction closed on December 31, 2022. Since its founding, Rapid Response has grown into a large asset-based transportation provider specializing in full truckloads, less than full truckloads (LTL), local deliveries, home deliveries, and home appliance and furniture services....

Chart Industries Receives All Regulatory Clearances to Close the Acquisition of Howden

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

ATLANTA, March 13, 2023 (GLOBE NEWSWIRE) — Chart Industries, Inc. (NYSE: GTLS) (“Chart”) has received all regulatory approvals required to close the acquisition of Howden from affiliates of KPS Capital Partners, LP. Subject to the satisfaction of additional customary closing conditions, we expect to close such acquisition in the near term pursuant to the terms of the purchase agreement. Howden is a leading global provider of mission critical air and gas handling products providing service and support to customers around the world in highly diversified end-markets and geographies. Howden manufactures highly engineered fans, compressors, rotary heat exchangers, steam turbines, and other air and gas handling products, services, and solutions. With over 160 years of experience as a world-class application engineering and manufacturing...

Xalles Acquires InnovationsHR to Establish a Foothold in the US Healthcare Financial Ecosystem

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

IHR is Expected to Generate Approximately $20 Million in Revenue in 2023 WASHINGTON, D.C., March 13, 2023 (GLOBE NEWSWIRE) — via NewMediaWire — Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, today announced that it has executed an acquisition agreement with Texas-based InnovationsHR, Inc. (“IHR”) to become a wholly owned subsidiary under Xalles Financial Services Inc. InnovationsHR is poised to disrupt the Professional Employer Organization (PEO) market. It will soon be the first and only licensed PEO in Texas that can self-insure. In addition, InnovationsHR has partnered with Ovation Health plan, a recognized leader in healthcare innovation. Ovation Health Plan was featured on Advancements TV, hosted by Ted Danson, as the future of healthcare. InnovationsHR...

Ovid Therapeutics Reports Business Update, Fourth Quarter and Full Year 2022 Financial Results

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

OV329 Phase 1 trial is progressing on track An IV formulation candidate suitable for future clinical trials has been achieved for OV350, one of several compounds from the Company’s KCC2 activator portfolio Takeda’s guidance on soticlestat remains unchanged; anticipates regulatory filings in its FY 2024 Current cash runway expected to fund operations into the first half of 2025NEW YORK, March 13, 2023 (GLOBE NEWSWIRE) — Ovid Therapeutics Inc. (NASDAQ: OVID), a biopharmaceutical company committed to developing medicines that transform the lives of people with epilepsies and seizure-related disorders, today provided a business update and reported financial results for the fourth quarter and full year ended December 31, 2022. “Ovid has significant momentum entering 2023. OV329, our next generation GABA-aminotransferase inhibitor...

Erdene Announces 2022 Results and Provides Khundii Minerals District Update

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

HALIFAX, Nova Scotia, March 13, 2023 (GLOBE NEWSWIRE) — Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (“Erdene” or the “Company”) is pleased to announce operating and financial results for the year ended December 31, 2022, and to provide an update on its Khundii Minerals District (“KMD”), including its Bayan Khundii Gold Project (“Bayan Khundii” or “BK”). This release should be read in conjunction with the Company’s 2022 Financial Statements and MD&A, available on the Company’s website and SEDAR. Quotes from the Company: “Our 2022 exploration program successfully expanded resources in the Khundii Minerals District, while our technical team prepared the Bayan Khundii Gold Project for development,” said Peter Akerley, Erdene’s President and CEO. “Drilling during the year at our Dark Horse Mane...

MariMed Announces Close on Acquisition of Ermont, Inc. Operating Assets

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

NORWOOD, Mass., March 13, 2023 (GLOBE NEWSWIRE) — MariMed, Inc. (“MariMed” or the “Company”) (CSE: MRMD) (OTCQX: MRMD), a leading multi-state cannabis operator, and Ermont Inc. (“Ermont”) a vertically integrated medical cannabis operator located in Quincy, MA, today announced the close of MariMed’s transaction to acquire the operating assets of Ermont. The deal was previously announced on February 21, 2023. The acquisition marks the second medical dispensary for MariMed in Massachusetts, substantially completing the Company’s buildout to the maximum allowable by state regulations. The transaction closed on March 9, 2023, and the dispensary began operations under the Panacea Wellness brand name the following day. The dispensary now features an expanded selection of the best cannabis products produced in the state, including those...

Automotive Adhesives Market worth $9.3 billion in 2026 Globally, at a CAGR of 5.9%, says MarketsandMarkets™

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

Chicago, March 13, 2023 (GLOBE NEWSWIRE) — The global Automotive Adhesives Market was valued at USD 6.6 billion in 2020 and is projected to reach USD 9.3 billion by 2026, growing at a CAGR 5.9% from 2021 to 2026, as per the recent study by MarketsandMarkets™. The growing trend for lightweight and low carbon-emitting vehicles and the high demand for automotive adhesives from APAC are the drivers in the market. The major growth opportunities in the automotive adhesives market are in India, China, Brazil, Mexico, and other emerging economies. Automotive adhesives improve the aesthetic appeal of end products as bolts, rivets, and welds are not required to be used, and thus making these viable for numerous applications involving assembly line, body in white, and others. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36961165 Browse...

Gracell Biotechnologies Reports Fourth Quarter and Full Year 2022 Unaudited Financial Results, and Provides Corporate Update

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

Plan to commence Phase 1b/2 clinical trial in US evaluating FasTCAR-T GC012F for the treatment of relapsed/refractory multiple myeloma (RRMM) in the second quarter of 2023 after receipt of FDA clearance for Investigational New Drug (IND) application in January 2023 On track to commence Phase 1/2 clinical trial in China evaluating FasTCAR-T GC012F in RRMM in the third quarter 2023 following receipt of NMPA clearance for IND application in February 2023 Continuing patient enrollment and follow-up in the ongoing IIT evaluating FasTCAR-T GC012F in relapsed/refractory B-Cell non-Hodgkin lymphoma (r/r B-NHL) On track to commence a China IIT for SMART CAR-T GC506 in Claudin18.2-positive solid tumors in first half of 2023 Well-funded with cash runway to the end of 2024 Management to host conference call at 8:00 a.m. ET todaySAN DIEGO and...

Whole Earth Brands Reports Fourth Quarter and Full Year 2022 Results and Provides 2023 Guidance

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

Reported fourth quarter revenue growth of 4.7%; constant currency revenue growth of 7.0% reflecting strong performance across both segments CHICAGO, March 13, 2023 (GLOBE NEWSWIRE) — Whole Earth Brands, Inc. (the “Company” or “we” or “our”) (Nasdaq: FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced its financial results for its fourth quarter and full year ended December 31, 2022. The Company also provided 2023 guidance. Full Year HighlightsReported consolidated revenue growth of 9.0%, including a full year of the Wholesome acquisition compared to approximately 11 months in the prior year. Constant currency consolidated revenue grew 11.6% Pro forma organic constant currency consolidated revenue grew 7.1%, driven by a 6.4% increase...

Applied Materials Increases Cash Dividend by 23.1 Percent and Announces New $10 Billion Share Repurchase Authorization

Written by Customer Service on March 13, 2023. Posted in Dividend Reports And Estimates.

SANTA CLARA, Calif., March 13, 2023 (GLOBE NEWSWIRE) — Applied Materials, Inc. today announced that its Board of Directors has approved a 23.1-percent increase in the quarterly cash dividend from $0.26 to $0.32 per share. The dividend is payable on June 15, 2023 to shareholders of record as of May 25, 2023. The Board also approved a new share repurchase authorization enabling Applied to buyback an additional $10 billion of its shares over time. This supplements the previous authorization which had $4.7 billion remaining at the end of the first quarter of fiscal 2023. “The dividend increase, our largest in five years, and the new share repurchase authorization reflect our positive long-term view of the semiconductor market and our confidence in Applied’s outsized growth opportunities driven by our technology leadership, broad portfolio...

Month: March 2023

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