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Month: July 2023

Norsk Hydro: Subscription period for Hydro’s tender offer for Alumetal completed

More than 97 percent of the shares have now subscribed for sale in the tender offer for Alumetal. The subscription period was concluded on Friday, June 30. Hydro will now proceed with the purchase of all Alumetal shares, which were subscribed for sale. The share purchases are expected to be concluded on July 5 and settled on July 7. “We are very pleased that our tender offer has ended successfully. As previously announced, our aim will now be to efficiently carry out a squeeze-out of the shares remaining in the hands of minority shareholders and to delist Alumetal from the WSE. We are impressed by Alumetal’s development, the quality of production, and the competence of management and employees. At this stage, we aim to integrate Alumetal within Hydro and to develop an even better offering of low-carbon recycled aluminium to our customers,”...

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Smart Insulin Pens Market to Worth USD 264.9 Million by 2030 | Skyquest Technology

Westford USA, July 03, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, the increasing awareness among the general population regarding the advantages of smart insulin pens has become a significant driving force for the smart insulin pens market. Smart insulin pens offer precise half-unit dosing, ensuring accurate insulin delivery for patients with diabetes. This feature eliminates the risk of underdosing or overdosing, promoting better glycemic control. Browse in-depth TOC on the “Smart Insulin Pens Market.”Pages – 242 Tables –  143 Figures – 77A smart insulin pen market is a revolutionary device designed to assist patients with diabetes in effectively managing their insulin delivery. Unlike traditional insulin pens, the smart insulin pen incorporates advanced technology and integrates with a smartphone...

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OTC Markets Group Welcomes Alta Copper Corp to OTCQX

NEW YORK, July 03, 2023 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Alta Copper Corp (TSX: ATCU; OTCQX: ATCUF), a company developing the Cañariaco advanced staged copper project, has qualified to trade on the OTCQX® Best Market. Alta Copper Corp upgraded to OTCQX from the OTCQB® Venture Market. Alta Copper Corp begins trading today on OTCQX under the symbol “ATCUF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance...

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Appointment of Non-Executive Director

Foresight Enterprise VCT PLCLEI: 213800MWJNR3WZZ3ZP42 Appointment of Non-Executive Director The Board of Foresight Enterprise VCT plc is delighted to announce the appointment of Kavita Patel as a non-executive director of the Company, with effect from 01 September 2023. Kavita is a partner and Head of Investment Funds at Shakespeare Martineau LLP, with extensive experience advising clients in the financial services arena both in the retail and institutional space on corporate, regulatory and governance matters. Kavita is also a non-executive director of The Nottingham Building Society where she sits on the Board Risk Committee, Board Audit Committee and the Remuneration Committee, as well as being the Board Consumer Duty Champion. Kavita will be appointed as a member of the Audit, Management Engagement & Remuneration and Nomination...

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Correction: Icelandair: New Market Making Agreement

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...

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

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...

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

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...

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

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...

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SCOR Investment Partners opens its Swiss subsidiary

 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...

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

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...

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