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Month: June 2023

Invalda INVL, Tesonet Global and Willgrow acquired shares in Šiaulių Bankas

On 22nd December 2021 the European Bank for Reconstruction and Development (EBRD) announced that it agreed to sell an 18% stake in Šiaulių Bankas to a group of private investors. The EBRD has signed separate agreements with Invalda INVL, an asset management group, Tesonet Global (part of the Tesonet group of companies), and Willgrow, a holding company that owns Girteka Logistics, to sell stakes of 5.87%, 5.87% and 6.29% in the Bank respectively. The process of acquiring shares from EBRD is carried out through a series of transactions that will last until June 2024. On 31 May 2023 the second series of transactions was completed. With this, the shareholding held by Invalda INVL grew to 9.99%, Willgrow to 7.81%, and Tesonet Global – 3.91%. EBRD’s shareholding decreased to 14.00%. “We are proud to see growing local investor base...

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American Rare Earths Reports Positive Metallurgical Test Results

PHOENIX, June 02, 2023 (GLOBE NEWSWIRE) — American Rare Earths (ASX: ARR | OTCQB: ARRNF | FSE:1BHA) (ARR or the Company) is pleased to report on the latest in a series of metallurgical tests on ore from its Halleck Creek project in Wyoming. With a JORC Resource of 1.43 billion tonnes the Halleck Creek project is potentially the largest rare earth project in the United States. The metallurgy test work continues to pave the way for low-cost processing using conventional technology. HighlightsThe latest test work supports previous results showing a simple process flow sheet to produce a rare earth concentrate and maximize the recovery of magnet metals Neodymium and Praseodymium (NdPr). Bulk rougher/scavenger (primary) Wet High Intensity Magnetic Separation (WHIMS) produced 72% recovery and rejected 77% of feed mass, an upgrade ratio...

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Statkraft AS successfully places EUR 500 million green bond

(Oslo, 2 June 2023) Today, Statkraft has issued a EUR 500 million senior bond under its EMTN (Euro Medium Term Note) programme. The bond matures in June 2033 and pays a fixed coupon of 3.500%. The transaction was substantially oversubscribed. An equivalent amount to the net proceeds from the bond issue will be used to finance Eligible Projects as specified in Statkraft’s Green Bond Framework. Barclays, BNP Paribas, SEB and SMBC acted as joint bookrunners on the bond issue. Statkraft will apply for the bond to be listed on Euronext Dublin. The EMTN Offering Circular and Green Finance Framework are available on Statkraft’ s website:https://www.statkraft.com/IR/funding/For further information, please contact:Funding Manager Andre Julin, tel.: +47 992 54 205VP Group Treasury Stephan Skaane, tel.: +47 905 13 652

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Praxis Precision Medicines to Present at the 2023 Jefferies Healthcare Conference

BOSTON, June 02, 2023 (GLOBE NEWSWIRE) — Praxis Precision Medicines, Inc. (NASDAQ: PRAX), a clinical-stage biopharmaceutical company translating genetic insights into the development of therapies for central nervous system (CNS) disorders characterized by neuronal excitation-inhibition imbalance, today announced that management will present at the 2023 Jefferies Healthcare Conference on Friday, June 9, 2023 at 8:00 a.m. ET. The event will be available via live webcast through the Events & Presentations page of the Investors + Media section of the company’s website at www.praxismedicines.com. A replay of the webcast will be available on Praxis’ website for 90 days following the event. About PraxisPraxis Precision Medicines is a clinical-stage biopharmaceutical company translating insights from genetic epilepsies into the development...

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Kustom Entertainment, Inc. Enters into Business Combination Agreement with Clover Leaf Capital Corp.

Transaction will provide Kustom Entertainment, Inc., a wholly-owned subsidiary of Digital Ally Inc. (NASDAQ: DGLY), the ability to be a stand-alone entity with a focus and mission to own and produce events, festivals, and entertainment alongside its evolving primary and secondary ticketing technologies.Kustom Entertainment, Inc. is a wholly owned subsidiary of Digital Ally, Inc. and is comprised of TicketSmarter and Kustom 440, both currently wholly owned subsidiaries The transaction is expected to create a publicly traded entity focused on live event and concert production to accompany TicketSmarter’s ability to offer primary and secondary ticketing options The transaction contemplates an equity value of $125 million for Kustom Entertainment, Inc. Combined company to have an implied initial pro forma equity value of approximately $222.2...

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H&R Block Welcomes Four New Vice Presidents Across Marketing and Retail Sales

These promotions will further position the company to deliver on transformation business imperatives KANSAS CITY, Mo., June 02, 2023 (GLOBE NEWSWIRE) — H&R Block (NYSE: HRB) has announced four new Vice Presidents to drive in-market operational excellence while accelerating growth as the company advances its transformation strategy. Tony Bisbiglia and Jason Mann have been promoted to Vice President of Retail Sales and Service, Central Market and West Market, respectively. Wendy Fitch has been promoted to Vice President, Brand, Content, and Insights, while Shilpi Pathak has been promoted to Vice President, Go-to-Market Strategy. “Our new vice presidents will be key to further improving Americans’ tax experience as we help people be better with money,” said Jeff Jones, President & CEO of H&R Block. “As our transformation...

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Silo Pharma Announces Participation on Webull Corporate Communications Service Platform

Webull’s investor community can now access the SILO profile for real-time data and investor communications ENGLEWOOD CLIFFS, NJ, June 02, 2023 (GLOBE NEWSWIRE) — Silo Pharma, Inc. (Nasdaq: SILO) (“the Company”), a developmental stage biopharmaceutical company focused on merging traditional therapeutics with psychedelic research, today announced that it is now actively participating on the Webull Corporate Communications Service (CCS) Platform. The Silo Pharma portal on Webull offers an additional channel for direct investor communication and audience engagement, including Q&A. “We are excited to share SILO’s new profile on Webull’s Corporate Communications Service Platform and invite investors to take advantage of this convenient and engaging digital communications channel,” said Eric Weisblum, Chief Executive Officer...

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Seaport Global Acquisition II Corp. and American Battery Materials Announce Definitive Business Combination Agreement to Create Nasdaq Listed Company

Expected to accelerate American Battery Materials’ transition into a leading provider of domestically sourced Lithium critical to the global energy transition ABM is focused on environmentally friendly direct lithium extraction (DLE) that is more cost-effective, faster-to-production, and less capital intensive versus traditional mining processes Estimated Post-Transaction Enterprise Value of $225 Million Upon closing, the combined company’s ordinary shares are expected to be listed on NasdaqNEW YORK and GREENWICH, Conn., June 02, 2023 (GLOBE NEWSWIRE) — Seaport Global Acquisition II Corp. (NASDAQ: SGII) (“SGII”), a publicly-listed special purpose acquisition company, and American Battery Materials, Inc. (OTC Pink: BLTH) (“ABM” or the “Company”), a minerals exploration and development company focused on environmentally...

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Seaport Global Acquisition II Corp. and American Battery Materials Announce Definitive Business Combination Agreement to Create Nasdaq Listed Company

Expected to accelerate American Battery Materials’ transition into a leading provider of domestically sourced Lithium critical to the global energy transition ABM is focused on environmentally friendly direct lithium extraction (DLE) that is more cost-effective, faster-to-production, and less capital intensive versus traditional mining processes Estimated Post-Transaction Enterprise Value of $225 Million Upon closing, the combined company’s ordinary shares are expected to be listed on NasdaqNEW YORK and GREENWICH, Conn., June 02, 2023 (GLOBE NEWSWIRE) — Seaport Global Acquisition II Corp. (NASDAQ: SGII) (“SGII”), a publicly-listed special purpose acquisition company, and American Battery Materials, Inc. (OTC Pink: BLTH) (“ABM” or the “Company”), a minerals exploration and development company focused on environmentally...

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Hurco Reports Second Quarter Results for Fiscal Year 2023

INDIANAPOLIS, June 02, 2023 (GLOBE NEWSWIRE) — Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the second fiscal quarter ended April 30, 2023. Hurco recorded net income of $377,000, or $0.06 per diluted share, for the second quarter of fiscal year 2023, compared to net income of $2,029,000, or $0.30 per diluted share, for the corresponding period in fiscal year 2022. For the first six months of fiscal year 2023, Hurco reported net income of $1,707,000, or $0.26 per diluted share, compared to net income of $5,564,000, or $0.83 per diluted share, for the corresponding period in fiscal year 2022. Sales and service fees for the second quarter of fiscal year 2023 were $53,819,000, a decrease of $9,006,000, or 14%, compared to the corresponding prior year period, and included an unfavorable currency impact of $1,503,000,...

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