Day: July 3, 2023

Correction: Icelandair: New Market Making Agreement

Written by Customer Service on July 3, 2023. Posted in Public Companies.

Correction: The content has been updated and the following sentence has been added to the last paragraph of the release: “The agreement with Arion banki will replace the market making agreement with Islandsbanki which has been terminated.” _________________________________________________________________________________Icelandair Group hf. (“Icelandair”) has entered into an agreement with Arion banki hf. for market making of shares issued by the Company traded on the Nasdaq Iceland Stock Exchange. The purpose of the agreement is to maintain the liquidity of Icelandair’s shares, create a market price and the price formation of the shares in the most efficient and transparent manner. The agreement stipulates that Arion banki shall submit daily bids and offers to buy and sell Icelandair’s shares in the trading system...

Spotless Safety and Smart Alerts: Automotive Blind Spot Detection System Market Set to Soar Past USD 8.89 Billion by 2030

Written by Customer Service on July 3, 2023. Posted in Mergers And Acquisitions.

The global Automotive Blind Spot Detection System market size is expected to reach USD 8.89 billion by 2030 and exhibit a CAGR of 12.24% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing awareness and concern for road safety, growing demand for advanced driver assistance systems (ADAS), and rising number of vehicle accidents caused by blind spot-related issues fuel the market’s growth. Westford, USA, July 03, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Automotive Blind Spot Detection System market, increasing integration of artificial intelligence (AI) and machine learning (ML) technologies, development of more compact and streamlined blind spot detection sensors, the emergence of 360-degree surround view systems, incorporation...

Abeona Therapeutics Announces $25 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

Written by Customer Service on July 3, 2023. Posted in Public Companies.

CLEVELAND, July 03, 2023 (GLOBE NEWSWIRE) — Abeona Therapeutics Inc. (Nasdaq: ABEO) today announced that it has raised $25 million at-the-market from select existing investors, primarily to fund initiation of the Company’s launch preparations in anticipation of the EB-101 Biologics License Application (BLA) submission and potential approval. The company has entered into definitive agreements with certain existing institutional investors for the issuance and sale of 3,284,407 shares of its common stock, and in lieu of common stock, pre-funded warrants to purchase 2,919,140 shares of its common stock at an offering price of $4.03 per share (or $4.0299 per pre-funded warrant, which represents the per share offering price for the common stock less the $0.0001 per share exercise price for each pre-funded warrant). The pre-funded warrants...

NorthX Biologics, a leading Nordic development and manufacturing organisation announces acquisition of a biologics manufacturing unit from Valneva

Written by Customer Service on July 3, 2023. Posted in Mergers And Acquisitions.

MATFORS, Sweden, July 03, 2023 (GLOBE NEWSWIRE) — NorthX Biologics (‘NorthX’), a leading Nordic development and manufacturing organisation with a focus on advanced biologics, CGT (cell and gene therapy) and vaccines, announced today the successful acquisition of the Stockholm-based Clinical Trial Manufacturing unit from Valneva Sweden, significantly expanding capabilities. The acquisition includes the transfer of a multi-purpose facility, situated in the Stockholm life science cluster, close to Karolinska University Hospital. In addition, 30 staff members who currently operate the facility will also join NorthX. The site and staff have a long history with extensive experience of serving both Valneva internally and also working with external customers on a contract development and manufacturing basis. With expertise in mammalian...

SCOR Investment Partners opens its Swiss subsidiary

Written by Customer Service on July 3, 2023. Posted in Public Companies.

PRESS RELEASE | July 03, 2023 N° 04- 2023SCOR Investment Partners opens its Swiss subsidiary SCOR Investment Partners, the asset management company of the SCOR Group, is proud to announce the opening of its Swiss subsidiary located in Zurich, named SCOR Investment Partners Switzerland AG.Pursuing its international development strategy, this new location capitalizes on the SCOR Group’s long-standing presence in Zurich. The new hub enables SCOR Investment Partners to provide even closer support to Swiss institutional clients and develop new opportunities. The investment strategies managed by SCOR Investment Partners will be offered from Paris and Zurich. Fabrice Rossary, CEO of SCOR Investment Partners, comments: “Our long-standing presence on the Swiss institutional market remains at the heart of our development...

Bombardier Continues to Bolster Its Supply Chain by Completing the Acquisition of Latécoère’s Electrical Wiring Interconnection System Business in Querétaro, Mexico

Written by Customer Service on July 3, 2023. Posted in Mergers And Acquisitions.

MONTREAL, July 03, 2023 (GLOBE NEWSWIRE) — Bombardier today announced that it has completed the transaction to acquire Latécoère’s assets and activities of its Electrical Wiring Interconnection System (EWIS) business in Querétaro, Mexico. “The Bombardier team is pleased to complete this strategic and mutually beneficial acquisition,” said David Murray, Executive Vice President, Manufacturing, IT and Bombardier Operational Excellence System. “This agreement allows Bombardier to continue to strengthen its position as an industry leader in Querétaro, Mexico, and to confirm its position as a flagship company of the Mexican aerospace industry.” With this acquisition, Bombardier retains strategic EWIS activities and secures the assets and expertise to manufacture the electrical harnesses required in its industry-leading aircraft. This...

Tonix Pharmaceuticals Completes Acquisition of Two FDA-Approved, Marketed Migraine Products

Written by Customer Service on July 3, 2023. Posted in Mergers And Acquisitions.

Strategic Acquisition Helps Build Tonix’s Commercial Capabilities and Infrastructure Ahead of Potential Launch of TNX-102 SL for the Management of Fibromyalgia Acquisition of Zembrace® SymTouch® (sumatriptan injection) and Tosymra® (sumatriptan nasal spray), Indicated for the Treatment of Acute Migraine in Adults, Complements Tonix’s Current Intranasal Clinical Development Program of TNX-1900 for Migraine Prevention CHATHAM, N.J., July 03, 2023 (GLOBE NEWSWIRE) — Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) (Tonix Pharmaceuticals or Tonix), a biopharmaceutical company, and its wholly-owned commercialization subsidiary Tonix Medicines, Inc. (Tonix Medicines), today announced it has completed the acquisition of two currently-marketed products from Upsher-Smith Laboratories, LLC (Upsher-Smith): Zembrace® SymTouch® (sumatriptan...

Glencore Submits Non-Binding Acquisition Proposal to PolyMet Board

Written by Customer Service on July 3, 2023. Posted in Mergers And Acquisitions.

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES BAAR, Switzerland, July 03, 2023 (GLOBE NEWSWIRE) — On June 30, 2023, Glencore AG, a wholly-owned subsidiary of Glencore plc (together “Glencore”) submitted a non-binding proposal to the board of directors of PolyMet Mining Corp. (“PolyMet”) to acquire all of the outstanding common shares of PolyMet (“Common Shares”), other than those shares currently held by Glencore (the “Proposal”). Under the Proposal, each Common Share would be acquired for consideration of US$2.11 in cash, which is at par with the recent Rights Offering done by PolyMet in April 2023. The Proposal is subject to the negotiation and execution of definitive transaction documents and customary approvals, including approval of a majority of PolyMet’s shareholders not affiliated with...

Click, Shop, Savor: Unmanned Helicopter Market Set to Soar Past USD 16879.73 million by 2030

Written by Customer Service on July 3, 2023. Posted in Mergers And Acquisitions.

The global Unmanned Helicopter market size is expected to reach USD 16879.73 million by 2030 and exhibit a CAGR of 12% in the forecast period (2023−2030), according to Skyquest’s latest research report. The growing demand for unmanned aerial vehicles (UAVs) across various industries, increasing applications in military and defense sectors, cost-effectiveness and operational efficiency, advancements in technology and autonomous systems, expanding applications in surveillance, reconnaissance, and aerial mapping, is fueling the market’s growth. Westford,USA, July 03, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Unmanned Helicopter market, integration of unmanned helicopters with advanced sensors and cameras, development of long-range and high-endurance unmanned helicopters, increasing...

Nxu, Inc. Chief Legal Officer Jordan Christensen Named Finalist for Outstanding Leadership Award at Law 2.0 Conference

Written by Customer Service on July 3, 2023. Posted in Public Companies.

MESA, Ariz., July 03, 2023 (GLOBE NEWSWIRE) — Nxu Inc., (NASDAQ: NXU) (“Nxu”, “the Company”), a US-operated technology company manufacturing innovative battery cells and battery packs for use in advanced energy storage systems, megawatt charging stations, and mobility solutions, today announced that Jordan Christensen, Nxu’s Chief Legal Officer (CLO), has been named a finalist for the Law 2.0 Outstanding Leadership Award. The award committee nominates candidates who exhibit legal excellence, decisive leadership, and creative legal thinking. Among other things, Christensen is being considered for this recognition for his involvement in engineering the Company’s unique Nasdaq listing. “Intentional Simplicity is one of Nxu’s core values,” stated Christensen. “In line with this ethos, Nxu took a creative path public going through a...

Day: July 3, 2023

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