Month: July 2023

X-Energy Selects UK-Based Howden, A Chart Industries Company, As Preferred Supplier Of Helium Circulator System For Its High Temperature Gas Cooled Modular Nuclear Reactor

Written by Customer Service on July 17, 2023. Posted in Public Companies.

GLASGOW, Scotland and WARRINGTON, England, July 17, 2023 (GLOBE NEWSWIRE) — Today Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global engineering design and manufacturer of highly engineered equipment servicing multiple applications in the clean energy and industrial gas markets, announced that X-Energy Reactor Company, LLC. (“X-Energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, has selected Chart as its preferred strategic supplier of its helium circulator system into its Xe-100 high temperature gas cooled advanced modular reactor for the United Kingdom (UK) market. Chart’s Howden business, based in Glasgow, Scotland, has over 50 years of experience in the nuclear sector and provides several industry-proven products in a variety of reactor designs...

American International Holdings, Corp. Receives Funding Commitment of Up To $20 Million as an Initial Step in a Comprehensive Plan To Recapitalize The Company and Pursue Uplisting to a Major Exchange

Written by Customer Service on July 17, 2023. Posted in Public Companies.

Electra, Texas, July 17, 2023 (GLOBE NEWSWIRE) — American International Holdings, Corp. (OTCQB: AMIH) announced today that it has entered into an Equity Financing Agreement with Pacific Lion LLC (Pacific Lion) pursuant to which Pacific Lion agreed to purchase up to $20,000,000 of AMIH common stock. Pacific Lion also agreed to fund AMIH up to $400,000 under a Convertible Promissory Note to bridge AMIH through to the effectiveness of the registration of the shares to be sold under the Equity Financing Agreement. Pursuant to the Equity Financing Agreement, Pacific Lion has agreed to purchase up to $20,000,000 of AMIH common stock following the receipt of put notices from AMIH and subject to certain conditions. Pursuant to the Registration Rights Agreement entered into in connection with the Equity Financing Agreement, AMIH agreed...

A Cigarette to Help Californians Smoke Less: 22nd Century Group, Inc. Launches Reduced Nicotine VLN® King Cigarettes in California, VLN Will Be Sold at #1 U.S. Convenience Store Chain and Other Responsible Retail Locations

Written by Customer Service on July 17, 2023. Posted in Public Companies.

With 95% less nicotine than a traditional cigarette, VLN® cigarettes help existing adult smokers reduce their nicotine consumption and dependence SACRAMENTO, Calif., July 17, 2023 (GLOBE NEWSWIRE) — Biotech company 22nd Century Group, Inc. (NASDAQ: XXII) this week launched VLN® King cigarettes, the first-ever reduced nicotine combustible cigarette, in the California market. Starting July 17th, VLN® cigarettes contain a staggering 95% less nicotine than conventional cigarettes and will be conveniently available in California at more than 275 sites of the number one convenience store in the US, in addition to numerous other convenience stores across California. VLN® King cigarettes have made history by receiving U.S. Food & Drug Administration (FDA) approval as a modified risk tobacco product (MRTP). “We see our VLN® product...

IR-MED’s AI-Powered Infra-Red Spectrographic Decision Support System PressureSafe Device Demonstrates High Efficacy in Detecting Pressure Injuries with 96% Accuracy: Potential to Set a New Standard of Care

Written by Customer Service on July 17, 2023. Posted in Public Companies.

IR-Med, Inc. IR-MED’s PressureSafe Non-Invasive DeviceIR-MED to file for FDA approval Q4 2023 with U.S. market launch expected in H1 2024 2.5 million patients develop pressure injuries and 60,000 die annually as a direct result; $26.8 billion is spent each year on the prevention and treatment of pressure injuriesRosh Pina, Israel, July 17, 2023 (GLOBE NEWSWIRE) — IR-MED Inc., (“IR-MED” or the “Company”) (OTCQB:IRME), developer of a noninvasive AI-driven Infra-Red spectrographic analysis technology platform to address significant healthcare needs, announced today topline interim results from a clinical study of PressureSafe, a noninvasive handheld optical monitoring device that supports early detection of pressure injuries (PI) to the skin and underlying tissue. PressureSafe demonstrated very high efficacy in noninvasively...

Bowen Acquisition Corp Announces Closing of $60,000,000 Initial Public Offering

Written by Customer Service on July 17, 2023. Posted in Public Companies.

NEW YORK, July 17, 2023 (GLOBE NEWSWIRE) — Bowen Acquisition Corp (the “Company”) announced today that it closed its initial public offering of 6,000,000 units at $10.00 per unit. The offering resulted in gross proceeds to the Company of $60,000,000. The Company’s units are listed on the Nasdaq Global Market (“Nasdaq”) and commenced trading under the ticker symbol “BOWNU” on July 12, 2023. Each unit consists of one ordinary share and one right entitling the holder thereof to receive one-tenth of one ordinary share upon the completion of an initial business combination, subject to adjustment. Once the securities comprising the units begin separate trading, ordinary shares and rights are expected to be listed on Nasdaq under the symbols “BOWN” and “BOWNR,” respectively. Bowen Acquisition Corp is a Cayman exempt company formed as...

C3is Announces Agreement to Acquire One Aframax Oil Tanker, and Estimated Net Asset Value Premium at 370% Over Market Capitalization

Written by Customer Service on July 17, 2023. Posted in Public Companies.

ATHENS, Greece, July 17, 2023 (GLOBE NEWSWIRE) — C3is Inc. (Nasdaq:CISS) (the “Company”) announced today that it has entered into an agreement to acquire for $43 million the M/T Stealth Berana, an Aframax oil tanker, built at Samsung shipyard, South Korea in 2010, with a cargo carrying capacity of approximately 115,800 dwt, from Imperial Petroleum Inc. Payment of 10% of the purchase price has been effected, with the remaining balance due within one year following the vessel’s delivery, which took place on the 14th of July . The vessel is currently trading in the spot market. The transaction with Imperial Petroleum Inc., which is an affiliated company, was approved by the Company’s audit committee comprising of independent directors. Net Asset Value (“NAV”) As of July 14, 2023, the Company’s management estimated C3is Inc’s...

Imperial Petroleum Inc. Announces the Sale of Its Aframax Tanker

Written by Customer Service on July 17, 2023. Posted in Public Companies.

ATHENS, Greece, July 17, 2023 (GLOBE NEWSWIRE) — Imperial Petroleum Inc. (Nasdaq:IMPP) (the “Company”) announced today that it has entered into an agreement to sell for $43 million the M/T Stealth Berana an Aframax oil tanker, built at Samsung shipyard, South Korea in 2010, with a cargo carrying capacity of approximately 115,800 dwt, to C3is Inc. Payment of 10% of the purchase price has been received, with the remaining balance due within one year following the vessel’s delivery which took place on the 14th of July, 2023. The vessel is currently trading in the spot market. The transaction with C3is Inc., which is an affiliated company, was approved by the Company’s audit committee comprising of independent directors. ABOUT IMPERIAL PETROLEUM INC. Imperial Petroleum Inc. is a ship-owning company providing petroleum products,...

First Bancshares, Inc. Announces Second Quarter Results for 2023

Written by Customer Service on July 17, 2023. Posted in Earnings Releases And Operating Results.

MOUNTAIN GROVE, Mo., July 17, 2023 (GLOBE NEWSWIRE) — First Bancshares, Inc. (OTCQX: FBSI) (“Company”), the holding company for Stockmens Bank (“Bank”), today announced its financial results for the quarter ended June 30, 2023. For the quarter ended June 30, 2023, the Company reported net income of $1,735,000 or $0.71 per share-diluted, compared to $1,401,000, or $0.57 per share-diluted for the comparable period in 2022. Year to date the Company reported net income of $3,522,000 or $1.44 per share compared to $2,421,000 or $0.99 per share the same period 2022. Year to date changes from the six months ended June 30, 2022, include a $2,213,000 increase in net interest income after provisions for loan losses, along with a $51,000 increase in non-interest income, offset by a $778,000 increase in non-interest expense, and a $385,000...

First Bank and Malvern Bancorp, Inc. Complete Merger

Written by Customer Service on July 17, 2023. Posted in Mergers And Acquisitions.

Expanded Presence in Highly Desirable New York City to Philadelphia Corridor HAMILTON, N.J. and PAOLI, Pa., July 17, 2023 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) today announced that its acquisition of Malvern Bancorp, Inc. (Nasdaq Global Market: MLVF) was completed before the open of business on July 17, 2023. The combined stock and cash transaction was valued at approximately $129.7 million and will expand First Bank’s footprint in the highly desirable New York City to Philadelphia corridor. The consolidated assets of the combined company equal approximately $3.8 billion. “We are pleased to welcome Malvern customers, employees and shareholders to First Bank as we grow our banking presence in New Jersey and Pennsylvania,” said Patrick L. Ryan, President and Chief Executive Officer of First Bank. “Malvern Bank...

Constellation Software’s Perseus Group Enters into Agreement to Acquire Black Knight’s Optimal Blue Business

Written by Customer Service on July 17, 2023. Posted in Mergers And Acquisitions.

TORONTO, July 17, 2023 (GLOBE NEWSWIRE) — Constellation Software Inc. (“Constellation”) (TSX: CSU) today announced that its Perseus operating group has entered into a binding commitment with Intercontinental Exchange, Inc. (NYSE: ICE) and Black Knight, Inc. (NYSE: BKI) to acquire Black Knight’s Optimal Blue business. Under terms of the agreement, Constellation will acquire Black Knight’s Optimal Blue business for $700 million USD. The structure of the proposed transaction includes a payment by Constellation of $200 million USD in cash, with the remainder financed by a $500 million USD promissory note issued by Constellation to Black Knight, as a subsidiary of ICE, at the closing of the transaction. Completion of this transaction is subject to the closing of ICE’s acquisition of Black Knight, the closing of Constellation’s acquisition...

Month: July 2023

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