Month: June 2023

Nubeva Announces Closure of 1.7 Million Dollar Contract

Written by Customer Service on June 7, 2023. Posted in Public Companies.

SAN JOSE, Calif., June 07, 2023 (GLOBE NEWSWIRE) — Nubeva Technologies (TSX-V: NBVA, OTCQB: NBVAF), a leading provider of ransomware protection solutions, is pleased to announce the successful closure of a three-year contract valued at over 1.7 Million dollars CAD on June 5, 2023. The customer, who wishes to remain anonymous for strategy and security reasons, is a leading global technology company that serves over 40 of the top 50 Fortune® Global 500. “We are thrilled to close another seven-figure deal,” said Steve Perkins, CMO at Nubeva. “This agreement highlights the confidence in our technologies and Nubeva’s ability to deliver on our promises.” The closure of this significant agreement showcases Nubeva’s continued success in securing substantial contracts and reflects its dedication to providing...

Autonomous Cars Market Size to Hit USD 19.96 Billion, Globally, by 2029 at a CAGR of 42.97%

Written by Customer Service on June 7, 2023. Posted in Mergers And Acquisitions.

According to Fortune Business Insights, the global autonomous cars market size to Reach USD 19.96 Billion by 2029; Rising demand for advanced automotive safety to surge growth. Pune, India., June 07, 2023 (GLOBE NEWSWIRE) — The global autonomous cars market size was valued at USD 1.50 billion in 2021. The market is projected to grow from USD 1.63 billion in 2022 to USD 19.96 billion by 2029, exhibiting a CAGR of 42.97% during the forecast period. This information is provided by Fortune Business Insights, in its report titled, “Autonomous Cars Market, 2022-2029.” Market Drivers & Restraints: Rising Demand for Advanced Automotive Safety to Drive Market Growth The need for autonomous vehicles outfitted with cutting-edge safety technology such as parking assistance systems, blind spot detection systems, adaptive cruise control,...

The Oncology Institute to Open Project Southland

Written by Customer Service on June 7, 2023. Posted in Mergers And Acquisitions.

TOI acquires SRON and expands radiation oncology services in the Greater LA area CERRITOS, Calif., June 07, 2023 (GLOBE NEWSWIRE) — The Oncology Institute (NASDAQ: TOI), has announced a strategic acquisition that aims to further consolidate the Greater Los Angeles market and establish the company as one of the largest value-based community oncology groups in the United States. The acquisition of Southland Radiation Oncology Network (SRON) will amplify TOI’s radiation oncology market presence by five additional clinics across the eastern San Gabriel Valley and Inland Empire, providing TOI with a distinct advantage over local private practices and tertiary centers. The acquisition of SRON is an important milestone for TOI as they continue to expand their ability to provide complete population health for oncology care. It will...

EVmo Enters Into Letter of Intent to Merge with micromobility.com Inc.

Written by Customer Service on June 7, 2023. Posted in Mergers And Acquisitions.

LOS ANGELES, June 07, 2023 (GLOBE NEWSWIRE) — EVmo, Inc. (OTC: YAYO), a leading provider of vehicles to the rideshare and delivery gig economy industry, today announced it has signed a Letter of Intent (LOI) regarding a merger with micromobility.com Inc. (NASDAQ: MCOM), a pioneering global micromobility ecosystem. The merger is intended to strengthen each company’s market position and accelerate growth. Stephen Sanchez, CEO of EVmo, commented, “The combined company will be in a strong position in the rapidly growing rideshare and mobility industry. As discussed on our year-end and 1Q23 conference calls, the notification of default from our lender, EICF Agent LLC, has resulted in a number of challenges for EVmo, most notably a severe constraint on our operating liquidity such that it is now threatening the viability of the business....

Vera Bradley Announces First Quarter Fiscal Year 2024 Results

Written by Customer Service on June 7, 2023. Posted in Earnings Releases And Operating Results.

Consolidated net revenues totaled $94.4 million Net loss totaled ($4.7) million, or ($0.15) per diluted share; non-GAAP net loss totaled ($2.6) million, or ($0.09) per diluted share Balance sheet remains strong, with cash and cash equivalents of $25.3 million, no debt, and year-over-year inventories down 11.8% Management increases guidance for fiscal year FORT WAYNE, Ind., June 07, 2023 (GLOBE NEWSWIRE) — Vera Bradley, Inc. (Nasdaq: VRA) today announced its financial results for the first quarter ended April 29, 2023. In this release, Vera Bradley, Inc. or “the Company” refers to the entire enterprise and includes both the Vera Bradley and Pura Vida brands. Vera Bradley on a stand-alone basis refers to the Vera Bradley brand. First Quarter Comments Jackie Ardrey, Chief Executive Officer of the Company, noted, “We are pleased...

IBEX Reports Results for the Third Quarter and the Nine Months Ended April 30, 2023

Written by Customer Service on June 7, 2023. Posted in Earnings Releases And Operating Results.

MONTRÉAL, June 07, 2023 (GLOBE NEWSWIRE) — IBEX Technologies Inc. (“IBEX” or the “Company”) (TSX Venture: IBT) today reported its financial results for the third quarter and the nine months ended April 30, 2023. According to Paul Baehr, IBEX President and CEO, “Our net earnings for the quarter increased 57% versus the same period year ago. Revenues were up 2% for this reporting period, well above expectations based on the extremely strong F2022 where customers had built inventories due to COVID concerns regarding supply chain interruptions. However, when compared to the same period in fiscal 2021, revenues were up 54%.” He further stated, “We now expect F2023 revenues, while lower than the exceptional 2022 fiscal year, to be significantly higher than fiscal year 2021. The engine for this growth is the underlying increasing demand...

OceanPal Inc. Announces Reverse Stock Split to be Effective June 8, 2023

Written by Customer Service on June 7, 2023. Posted in Public Companies.

ATHENS, Greece, June 07, 2023 (GLOBE NEWSWIRE) — OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, announced today that its board of directors has determined to effect a one-for-twenty reverse stock split of the Company’s common shares, par value $0.01 per share. The Company’s shareholders approved the reverse stock split at the Company’s annual meeting of shareholders held on May 3, 2023. The reverse stock split will take effect, and the Company’s common shares will begin trading on a split-adjusted basis on NASDAQ, as of the opening of trading on June 8, 2023, under the existing trading symbol “OP”. The CUSIP number of Y6430L202 will be assigned to the Company’s common shares when the reverse stock split becomes effective. When the reverse...

Elis: Adjustment to the conversion/exchange ratio (OCEANE 2029)

Written by Customer Service on June 7, 2023. Posted in Dividend Reports And Estimates.

Information to the holders of the bonds convertible into new shares and/or exchangeable for new or existing shares (OCEANE) of Elis 2029 (ISIN Code FR001400AFJ9) Adjustment to the conversion/exchange ratio Saint-Cloud, June 7, 2023 – Elis (ISIN FR0012435121) informs the holders of the bonds convertible into new shares and/or exchangeable for new or existing shares (OCEANE 2029) that the initial conversion/exchange ratio of 1 ordinary share for 1 OCEANE is adjusted to 1.0246 ordinary share for 1 OCEANE (calculated in accordance with the paragraph 2.6.B of the Terms and Conditions of the 15th of September, 2022) as from May 30, 2023, ex-dividend date of the dividend of €0.41 per share, the distribution of which was approved by the shareholders’ meeting held on May 25, 2023.This Adjustment complies with the provisions of the article...

Elis: Adjustment to the conversion/exchange ratio (OCEANE 2023)

Written by Customer Service on June 7, 2023. Posted in Dividend Reports And Estimates.

Information to the holders of the bonds convertible into new shares and/or exchangeable for new or existing shares (OCEANE) of Elis 2023 (ISIN Code FR 0013285707) Adjustment to the conversion/exchange ratio Saint-Cloud, June 7, 2023 – Elis (ISIN FR0012435121) informs the holders of the bonds convertible into new shares and/or exchangeable for new or existing shares (OCEANE 2023) that the conversion/exchange ratio of 1,072 ordinary share for 1 OCEANE is adjusted to 1.098 ordinary share for 1 OCEANE (calculated in accordance with the paragraph 2.6.B of the Terms and Conditions of the 3rd of October, 2017) as from May 30, 2023, ex-dividend date of the dividend of €0.41 per share, the distribution of which was approved by the shareholders’ meeting held on May 25, 2023.This Adjustment complies with the provisions of the article 2.6.B.10...

Ollie’s Bargain Outlet Holdings, Inc. Reports First Quarter Fiscal 2023 Financial Results

Written by Customer Service on June 7, 2023. Posted in Earnings Releases And Operating Results.

~ Net Sales increased 12.9% ~ ~ Comparable Store Sales increased 4.5% ~ ~ Earnings per Share increased 150.0% to $0.50 ~ ~ Adjusted Earnings per Share increased 145.0% to $0.49 ~ ~ Raising Fiscal Year Sales and Earnings Outlook ~ HARRISBURG, Pa., June 07, 2023 (GLOBE NEWSWIRE) — Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today reported financial results for the quarter ended April 29, 2023. First Quarter Summary: Total net sales increased 12.9% to $459.2 million. Comparable store sales increased 4.5% from the prior year decrease of 17.3%. The Company opened 9 new stores and closed one store, ending the quarter with 476 stores in 29 states, a year-over-year increase in store count of 8.4%. Operating income increased 124.8% to $38.5 million and operating margin increased 420 basis points to 8.4%. Net...

Month: June 2023

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