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Month: April 2023

Boxed, Inc. to Execute Sale of Spresso Software Business Through Voluntary Chapter 11 Process

Company winding down retail operations in orderly manner NEW YORK, April 02, 2023 (GLOBE NEWSWIRE) — Boxed, Inc. (“Boxed” or the “Company”), an e-commerce technology company that provides bulk pantry consumables to business and household customers, announced today that it, and all of its subsidiaries, initiated voluntary proceedings under Chapter 11 of the U.S. Bankruptcy Code to execute a sale of its Spresso software business to its first lien secured lenders while continuing to streamline operations, including an efficient and orderly wind-down of its remaining retail business. Boxed has been working diligently to improve its financial structure, having entered into a Forbearance Agreement with its first lien secured lenders as a critical, interim solution to protect the business. However, in line with its efforts to counter...

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Perseus Upsizes Corporate Debt Facility to US$300 million

Perth, April 03, 2023 (GLOBE NEWSWIRE) — PERSEUS REFINANCES AND UPSIZES DEBT FACILITY TO US$300 MILLION Perth, Western Australia/April 3, 2023/African focused gold producer Perseus Mining Limited (ASX/TSX:PRU) is pleased to announce it has refinanced its existing syndicated debt facility to a US$300 million revolving corporate facility. HIGHLIGHTSPerseus signs a US$300 million syndicated revolving corporate facility, replacing the existing US$150 million facility1 Based on its 31 December 2022 Net Cash Position of US$405 million2,1, the refinanced facility provides Perseus with more than US$705 million of available liquidity with a three-year tenure to 31 March 2026 Perseus expects a Final Investment Decision on its development of the Meyas Sand Gold Project in Sudan in CY2023.The increased facility is available for general...

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Saputo to Sell Two Fresh Milk Processing Facilities in Australia

MONTRÉAL, April 02, 2023 (GLOBE NEWSWIRE) — Saputo Inc. (we, Saputo or the Company) (TSX: SAP) announces today it has entered into a definitive agreement to sell two fresh milk processing facilities in Laverton North, Victoria, and Erskine Park, New South Wales, to Coles Group Limited, an Australian-based supermarket, retail, and consumer services chain, in a transaction valued at approximately CDN$95 million (A$105 million). The transaction is subject to customary conditions, including the clearance from the Australian Competition and Consumer Commission, and is expected to close in the second half of calendar 2023. In line with the Company’s Global Strategic Plan, this intended divestiture will enable Saputo to further streamline its operating model, adjust its manufacturing network to strengthen market competitiveness, and allow...

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Toubani Announces Change of Company Secretary

TORONTO, April 02, 2023 (GLOBE NEWSWIRE) — Toubani Resources, Inc (ASX: TRE; TSX-V: TRE) (“Toubani Resources” or the “Company”) is pleased to advise that Kevin Hart has been appointed as Company Secretary, effective immediately. Kevin is a Chartered Accountant with over 30 years’ experience in statutory reporting, business administration and corporate compliance of public listed entities in the mining and exploration industry. He is a Director of the corporate advisory firm Endeavour Corporate which specialises in providing company secretarial and accounting services to ASX listed entities. Kevin holds a Bachelor of Commerce degree from The University of Western Australia and is a Fellow of the Institute of Chartered Accountants Australia and New Zealand. Ms Lucy Rowe has retired from the role of Company Secretary. The Board thanks...

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Fluence to Deliver 200 MW / 400 MWh Energy Storage System for Macquarie Asset Management’s Green Investment Group and Shell Energy’s Rangebank BESS in Cranbourne

Fluence to Deliver 200 MW / 400 MWh Energy Storage System in Cranbourne Fluence to Deliver 200 MW / 400 MWh Energy Storage System for Macquarie Asset Management’s Green Investment Group and Shell Energy’s Rangebank BESS in CranbourneMELBOURNE, Australia, April 03, 2023 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and cloud-based software for renewables and storage, today announced that Fluence has been selected by Macquarie Asset Management’s Green Investment Group (GIG) and Shell Energy Operations (Shell Energy) to deliver the 200 MW / 400 MWh Rangebank Battery-based Energy Storage System (BESS) in Cranbourne, Melbourne, Australia. The Rangebank BESS will help the grid maintain a stable frequency and will have the storage capacity...

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NIO Inc. Provides March and First Quarter 2023 Delivery Update

NIO Power Swap station 3.0 NIO Power Swap station 3.0NIO delivered 10,378 vehicles in March 2023 NIO delivered 31,041 vehicles in the three months ended March 2023, increasing by 20.5% year-over-year Cumulative deliveries of NIO vehicles reached 320,597 as of March 31, 2023SHANGHAI, China, April 01, 2023 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced its March and first quarter 2023 delivery results. NIO delivered 10,378 vehicles in March 2023. The deliveries consisted of 3,203 premium smart electric SUVs, and 7,175 premium smart electric sedans. NIO delivered 31,041 vehicles in the first quarter of 2023, representing an increase of 20.5% year-over-year. Cumulative deliveries of NIO vehicles...

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Travere Therapeutics Announces Interim Analysis from the Phase 3 PROTECT Study of FILSPARI™ (Sparsentan) in IgA Nephropathy Published in The Lancet and Presented at World Congress of Nephrology 2023

FILSPARI demonstrated a statistically significant, rapid, and sustained decline of proteinuria compared to the active control SAN DIEGO, April 01, 2023 (GLOBE NEWSWIRE) — Travere Therapeutics, Inc. (NASDAQ: TVTX) today announced publication in The Lancet of the interim analysis of efficacy and safety data from the ongoing pivotal, Phase 3 PROTECT Study evaluating FILSPARI™ (sparsentan) in adults with IgA nephropathy (IgAN). The data are simultaneously being presented in a late-breaking trials session at the World Congress of Nephrology 2023, in Bangkok, Thailand. “The data demonstrate the significant and clinically meaningful anti-proteinuric effect of sparsentan compared to irbesartan,” said Brad Rovin, M.D., Medical Director at Ohio State University Center for Clinical Research Management, Director of the Division for...

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Long Term Incentive Plans for Executive Management and Other Key Employees in Pandora

Today, Pandora A/S (“Pandora”) announces the annual grant of performance shares for 2023 under its Long-term incentive plan (“LTIP”), in accordance with its Remuneration Policy. The LTIP provides for a target grant of 28,114 shares (maximum: 56,228 shares) to Pandora’s Executive Management, conditional on performance (i.e., the grant is in the form of Performance shares units (“PSUs”)). In total, considering all participants (Executive Management and key employees) a target grant of 170,000 shares (maximum: 340,000 shares) is provided under the LTIP in 2023. The maximum grant of shares to all participants under the LTIP in 2023 will only be made if the performance conditions set by the Board are achieved at or above stretch targets. Based on the reference share price of DKK 635.80 (the average closing price of Pandora’s shares on Nasdaq...

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Prairie Provident Resources Announces Fourth Quarter and Year-End 2022 Financial and Operating Results and Update on Repositioning Plan

CALGARY, Alberta, April 01, 2023 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) announces our operating and financial results for the fourth quarter and year ended 2022. PPR’s audited annual consolidated financial statements and related Management’s Discussion and Analysis (MD&A) and annual information form dated March 31, 2023 (AIF) are available on our website at www.ppr.ca and filed on SEDAR at www.sedar.com. MESSAGE TO SHAREHOLDERS Although the Company achieved production only slightly (6%) below previously guided volumes, 2022 saw headwinds for Prairie Provident, primarily through $25.5 million of realized hedging losses from mandatory credit facility hedging requirements. When coupled with increasing royalty payments due to higher...

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Li Auto Inc. March 2023 Delivery Update

BEIJING, China, April 01, 2023 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that the Company delivered 20,823 vehicles in March 2023, surpassing the 20,000 monthly delivery mark again and representing an increase of 88.7% year over year. This took the Company’s first quarter deliveries to 52,584, up 65.8% year over year. The cumulative deliveries of Li Auto vehicles reached 309,918 as of the end of March. “We have commenced deliveries of Li L7, our five-seat flagship family SUV, and are pleased to hear from its first users that their satisfaction with the vehicle has exceeded their expectation. As of the end of March, we delivered over 300,000 vehicles cumulatively, the fastest among China’s premium NEV manufacturers...

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