EVmo Reports First Quarter 2023 Financial Results

Written by Customer Service on May 22, 2023. Posted in Earnings Releases And Operating Results.

LOS ANGELES, May 22, 2023 (GLOBE NEWSWIRE) — EVmo, Inc. (OTC: YAYO), a leading provider of vehicles to the rideshare and delivery gig economy industry, today announced financial results for its first quarter ended March 31, 2023. Key Highlights: Record 1Q 2023 revenue of $3.8 million, up 57% compared to 1Q 2022 revenue of $2.4 million due to more cars on the platform and higher rental rates Generated positive adjusted EBITDA of $263 thousand in 1Q 2023, or 7%, compared to negative EBITDA of $248 thousand in 1Q 2022 60% of customers are renting for more than 80 consecutive days EVs and hybrids are now 35% of the Company’s vehicle fleet “We are pleased to deliver another quarter of record revenues and our second quarter of positive adjusted EBITDA as it highlights the viability and strength of our business model. Demand for our...

Applied Materials Convenes Leaders from Industry, Academia and Government at “Summit to Advance Semiconductor Leadership”

Written by Customer Service on May 22, 2023. Posted in Public Companies.

U.S. Vice President Kamala Harris and Applied Materials CEO Gary Dickerson at the “Summit to Advance Semiconductor Leadership.” Applied Materials CEO Gary Dickerson hosted U.S. Vice President Kamala Harris and leaders from industry, academia and government at the Summit to Advance Semiconductor Leadership in Sunnyvale, Calif. Discussions throughout the day were focused on three critical topics: economic sustainability, national security and talent development to support the semiconductor industry’s future. Leaders from Industry, Academia and Government Attend the Applied Materials “Summit to Advance Semiconductor Leadership” Applied Materials hosted the Summit to Advance Semiconductor Leadership at the future site of Applied’s new multibillion-dollar Equipment and Process Innovation and Collaboration (EPIC) Center in Silicon Valley....

Lilium signs agreement with Air-Dynamic to serve Switzerland and Italy

Written by Customer Service on May 22, 2023. Posted in Public Companies.

Partnership includes a firm commitment for up to five Lilium Jets with pre-delivery payments Lilium signs agreement with Air-Dynamic to serve Switzerland and Italy Lilium announced an agreement with Air-Dynamic SA, a Switzerland-based private jet and helicopter company. GENEVA, May 22, 2023 (GLOBE NEWSWIRE) — Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, announced an agreement with Air-Dynamic SA, a Switzerland-based private jet and helicopter company. The firm agreement includes deposit payments to Lilium for delivery of up to five Lilium Jets. Air-Dynamic SA, a proud supporter of the new generation of electric aircraft, will operate and manage these Lilium Jets for its customers in Switzerland and Italy, which will offer customers early access to the premium ‘club...

Brown & Brown, Inc. enters into agreement to acquire Kentro Capital Limited d/b/a Nexus Underwriting and Xenia Broking

Written by Customer Service on May 22, 2023. Posted in Mergers And Acquisitions.

DAYTONA BEACH, Fla., May 22, 2023 (GLOBE NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), today announced that Brown & Brown has entered into an agreement to acquire Kentro Capital Limited (“Kentro”). The transaction is expected to close in the fourth quarter of 2023, subject to certain closing conditions, including the receipt of required regulatory approvals. Kentro is an insurance industry group headquartered in London, managing over £500 million of gross written premium. The collective Kentro team is composed of more than 350 insurance professionals operating from offices in the U.K., U.S., Europe, Asia and Dubai. From its founding in 2008, the Kentro companies, Nexus, Xenia, Millstream, Capstone Brokers and Spectrum Risk Management, have focused on product specialization and...

Progressive Prices $500 Million of Senior Notes

Written by Customer Service on May 22, 2023. Posted in Public Companies.

MAYFIELD VILLAGE, OHIO, May 22, 2023 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE: PGR) today announced the pricing of $500 million aggregate principal amount of its 4.95% Senior Notes due 2033 (the “notes”) in an underwritten public offering. The notes were priced at 99.941% of par. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint bookrunners for the offering. The offering is being made pursuant to an effective registration statement on Form S-3, which was filed with the Securities and Exchange Commission on September 20, 2021. The offering of these notes is being made only by means of a prospectus supplement and the accompanying prospectus. Copies of the prospectus supplement and the accompanying prospectus for the offering may be obtained from Goldman Sachs & Co. LLC, Prospectus...

Genesis Growth Tech Acquisition Corp. Announces Execution of Business Combination Agreement With Travel Technology Innovator NextTrip

Written by Customer Service on May 22, 2023. Posted in Mergers And Acquisitions.

NIDWALDEN, Switzerland, May 22, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – Genesis Growth Tech Acquisition Corp., (NASDAQ: GGAA), a special purpose acquisition company, and NextTrip Holdings, Inc., a travel technology incubator based in Sunrise, Florida (“NextTrip”), announced today that they have entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) that, upon closing, will provide the opportunity for NextTrip to become a publicly traded company on NASDAQ. NextTrip is a travel technology company that specializes in using proprietary technology, analytics, and strategic partnerships to provide specialized travel solutions in leisure, wellness, and business travel. NextTrip recently completed the acquisition and integration of a scalable travel booking engine that, prior to the COVID-19 pandemic, had a...

Icosavax Announces $67.8 Million Registered Direct Offering of Common Stock

Written by Customer Service on May 22, 2023. Posted in Public Companies.

SEATTLE, May 22, 2023 (GLOBE NEWSWIRE) — Icosavax, Inc. (Nasdaq: ICVX), a biopharmaceutical company leveraging its innovative virus-like particle (VLP) platform technology to develop vaccines against infectious diseases, with an initial focus on life-threatening respiratory diseases and a vision of creating pan-respiratory vaccines for older adults, today announced that it has entered into a securities purchase agreement with investors in a registered direct offering of 8,369,754 shares of its common stock at a purchase price of $8.10 per share. The financing was led by new investor TCGX with participation by additional new investors including Logos Capital and Vivo Capital. All of the shares are to be sold by Icosavax. Icosavax expects to receive gross proceeds of approximately $67.8 million from the offering. The offering is...

Tyson Foods Completes Acquisition of Williams Sausage Company

Written by Customer Service on May 22, 2023. Posted in Mergers And Acquisitions.

SPRINGDALE, Ark., May 22, 2023 (GLOBE NEWSWIRE) — Today, Tyson Foods, Inc. (NYSE: TSN) completed the previously announced acquisition of Williams Sausage Company, Inc. of Union City, Tenn., furthering the company’s strategy to increase its capacity and product portfolio. To ensure the continuity of business operations, Emily Billingsley, Roger Williams’ daughter, will be responsible for the company’s operations. “This acquisition aligns with our strategy to win with customers, augments our manufacturing capabilities, and expands our product portfolio,” said Stewart Glendinning, group president, Prepared Foods for Tyson Foods. “Williams Sausage Company brings real strengths in its brand, facilities, and direct store delivery network that make this a logical and welcome addition to our Prepared Foods business.” “Our family has enjoyed...

Saia LTL Freight Expands Service

Written by Customer Service on May 22, 2023. Posted in Public Companies.

The facility will provide faster service to shippers in East Central Indiana JOHNS CREEK, Ga., May 22, 2023 (GLOBE NEWSWIRE) — Saia Inc. (NASDAQ: SAIA) announced today the opening of its new Saia LTL Freight terminal in Muncie, Indiana. The facility is another investment in our service for customers in central Indiana and further enhances our statewide coverage. “Our new Muncie terminal will add capacity to our network, allowing us to provide enhanced service because of closer customer proximity,” stated Vice President of Operations, East Jared Mull. “By reducing stem time, or the time between when our drivers leave the terminal until they make their first pickup or delivery, we will be able to provide faster service, especially to those shippers located east of Indianapolis.” Muncie is a hub for regional commerce and home to Ball...

Navigator Holdings Ltd. Preliminary First Quarter 2023 Results (Unaudited)

Written by Customer Service on May 22, 2023. Posted in Earnings Releases And Operating Results.

NEW YORK and LONDON, May 22, 2023 (GLOBE NEWSWIRE) — Highlights Navigator Holdings Ltd. (the “Company”, “we”, “our” and “us”) (NYSE: NVGS) reported operating revenue of $136.0 million for the three months ended March 31, 2023, compared to $119.8 million for the three months ended March 31, 2022. Net income was $18.8 million for the three months ended March 31, 2023, compared to $27.0 million for the three months ended March 31, 2022. Earnings per share was $0.25 for the three months ended March 31, 2023, compared to $0.35 for the three months ended March 31, 2022. Adjusted Earnings per share, to exclude unrealized gains or losses on non-designated derivative instruments was $0.31 for the three months ended March 31, 2023, compared to $0.15 for the three months ended March 31, 2022. Adjusted...

Day: May 22, 2023

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