Day: August 9, 2023

Cue Biopharma Reports Second Quarter 2023 Financial Results and Recent Business Highlights

Written by Customer Service on August 9, 2023. Posted in Earnings Releases And Operating Results.

BOSTON, Aug. 09, 2023 (GLOBE NEWSWIRE) — Cue Biopharma, Inc. (Nasdaq: CUE), a clinical-stage biopharmaceutical company developing a novel class of injectable biologics to selectively engage and modulate disease-specific T cells directly within the patient’s body, provided a business and financial update for the second quarter 2023. Recent Business Highlights Presented positive data update from ongoing Phase 1 trials of CUE-101 for recurrent/metastatic HPV+ head and neck squamous cell carcinoma at the 2023 American Society of Clinical Oncology (ASCO) Annual Meeting held in June. Initiated enrollment of the highest dose cohort in CUE-102 Phase 1 monotherapy dose escalation trial focused on Wilms’ Tumor 1 (WT1)-positive recurrent/metastatic gastric, pancreatic, ovarian and colorectal cancers. “Our second quarter accomplishments...

PennantPark Investment Corporation Announces 5.0% Increase of Its Quarterly Distribution to $0.21 per Share and Financial Results for the Quarter Ended June 30, 2023

Written by Customer Service on August 9, 2023. Posted in Earnings Releases And Operating Results.

MIAMI, Aug. 09, 2023 (GLOBE NEWSWIRE) — PennantPark Investment Corporation (NYSE: PNNT) announced today its financial results for the third quarter ended June 30, 2023. HIGHLIGHTS Quarter ended June 30, 2023 (unaudited) ($ in millions, except per share amounts) Operating Results: Net investment income $ 23.0 Net investment income per share $ 0.35 Core net investment income per share (3) $ 0.22 Distributions declared per share $ 0.20 Assets and Liabilities: Investment portfolio (1) $ 1,075.9 Net assets $ 503.6 GAAP net asset value per share $ 7.72 Quarterly increase in GAAP net asset value per share 1.6 % Adjusted net asset value per share (2) $ 7.67 Quarterly increase in adjusted net asset value per share (2) 3.1 % Credit Facility $ 307.7 2026...

NextNav Inc. Reports Second Quarter 2023 Results

Written by Customer Service on August 9, 2023. Posted in Earnings Releases And Operating Results.

Closes $70 Million in Debt Financing, Including $50 Million in 2Q 2023 Signs Agreement with Top-Tier Global Chip Manufacturer for Licensing of NextNav Technology Expands E911 Partner Network with additional Nationwide U.S. Carrier MCLEAN, Va., Aug. 09, 2023 (GLOBE NEWSWIRE) — NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”), a leader in next generation GPS and 3D geolocation, today reported financial results for NextNav’s second quarter ended June 30, 2023. Ganesh Pattabiraman, NextNav Co-founder and CEO, stated, “We continue to see solid strategic momentum in the business as we move into the second half of the year. We closed a $50 million debt financing deal and subsequent to quarter end we closed an additional $20 million investment from existing investors increasing their commitments. This investment is a testament...

PennantPark Floating Rate Capital Ltd. Announces Its Financial Results for the Quarter Ended June 30, 2023

Written by Customer Service on August 9, 2023. Posted in Earnings Releases And Operating Results.

MIAMI, Aug. 09, 2023 (GLOBE NEWSWIRE) — PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (TASE: PFLT) announced today its financial results for the third quarter ended June 30, 2023. HIGHLIGHTSQuarter ended June 30, 2023 (unaudited)($ in millions, except per share amounts) Operating Results: Net investment income $ 18.5 Net investment income per share $ 0.36 Core net investment income per share (1) $ 0.31 Distributions declared per share $ 0.30 Assets and Liabilities: Investment portfolio (2) $ 1,105.3 Net assets $ 608.4 GAAP net asset value per share $ 10.96 Quarterly decrease in GAAP net asset value per share (1.7 )% Adjusted net asset value per share (3) $ 11.00 Quarterly decrease in adjusted net asset value per share (3) (0.9 )% Credit...

Mobiv Acquisition Corp Provides Business Update; Announces Increased Merger Consideration for Holders of Class A Common Stock That Do Not Redeem Their Shares Prior to Merger with SRIVARU Holding

Written by Customer Service on August 9, 2023. Posted in Mergers And Acquisitions.

DELAWARE, Aug. 09, 2023 (GLOBE NEWSWIRE) — Mobiv Acquisition Corp (Nasdaq: MOBVU, MOBV, MOBVW) (the “Company”), a special purpose acquisition company, today provided a business update and announced that it has entered into an amendment (the “Amendment”) to the agreement and plan of merger dated as of March 13, 2023 (the “Merger Agreement”), with SRIVARU Holding Limited, a Cayman Islands exempted company (“SRIVARU”), a commercial-stage provider of premium electric motorcycles. Peter Bilitsch, CEO of Mobiv, stated, “We could not be more excited about the planned merger with SRIVARU, which would result in SRIVARU becoming the first U.S.-listed electric motorcycle company with manufacturing facilities based in India, one of the world’s largest and fastest-growing markets for two-wheeled vehicles. Additionally, we plan to reward our...

MW Investment B.V. completes take-private acquisition of Meltwater

Written by Customer Service on August 9, 2023. Posted in Mergers And Acquisitions.

SAN FRANCISCO, Aug. 09, 2023 (GLOBE NEWSWIRE) — Meltwater, a global leader in media, social and consumer intelligence, today announces that it has completed the acquisition by MW Investment B.V (“the Offeror”), an entity jointly controlled by Marlin Equity Partners (“Marlin”) and Altor. The offer and subsequent post-closing restructuring were originally announced on January 18, 2023 and completed on August 9, 2023. Meltwater shareholders were entitled to receive NOK 18.00 settled in cash, shares in the Offeror, or a combination thereof. As a result of the transaction, Meltwater has been delisted from trading on the Oslo Stock Exchange. “We look forward to partnering with Marlin and Altor to execute on our vision and mission to be the global leader in media, social and consumer intelligence, and continuing to transform data...

Ontex and Hygianis announce agreement for sale of Algerian business

Written by Customer Service on August 9, 2023. Posted in Mergers And Acquisitions.

Aalst, Belgium, August 9, 2023 – Ontex Group NV (Euronext Brussels: ONTEX) (“Ontex”), a leading developer and manufacturer of hygiene products and solutions for retailers and healthcare, announces that it has entered into a binding agreement to sell its Algerian business to Hygianis SPA, its local distributor for more than 20 years. The transaction includes Ontex’s business in Algeria and related exports to certain neighboring countries. Ontex’s business in Algeria generated about €50 million sales in 2022, and is part of Ontex’s emerging markets activities, which have been classified as discontinued operations following the strategic decision in 2021 to divest these. Ontex aims to close the transaction, which is subject to customary conditions, by the end of September 2023. Enquiries Investors Geoffroy Raskin +32 53...

Polydex Pharmaceuticals Limited and BioSpectra Inc. Announce Business Combination

Written by Customer Service on August 9, 2023. Posted in Mergers And Acquisitions.

TORONTO, Aug. 09, 2023 (GLOBE NEWSWIRE) — Polydex Pharmaceuticals Limited (OTC Pink: POLXF) (the “Company” or “Polydex”) announced today that it has consummated the Plan of Arrangement (the “Arrangement”) whereby BioSpectra, Inc. and BioSpectra Canada, Ltd (together, “BioSpectra”) acquired all of the outstanding common and preferred shares of the Company for total consideration of $6,940,000, of which US$6,924,980.02 was paid for 3,432,478 common shares outstanding and US$15,019.98 was paid for 899,400 Class B Preferred shares outstanding. The price per common share was US$2.017. The Arrangement was effected pursuant to a statutory plan of arrangement (the “Arrangement”) under section 182 of the Ontario Business Corporations Act (the “OBCA”). The Arrangement resulted in each issued and outstanding share of Polydex being deemed...

Ammonium Sulphate Market to Surpass 5.23 Billion by 2030 Drives Due to Growing Population’s Needs

Written by Customer Service on August 9, 2023. Posted in Mergers And Acquisitions.

SkyQuest projects that the ammonium sulphate market will attain a value of USD 5.23 billion by 2030, with a CAGR of 3.4% over the forecast period (2023-2030). The ammonium sulphate market for is experiencing a significant growth, primarily propelled by the rising demand for this compound in the formulation of nitrogenous fertilizers. Nitrogenous fertilizers containing ammonium sulphate are vital in enhancing crop yields in the agricultural sector. The agricultural industry relies on these fertilizers to optimize plant growth and improve agricultural productivity as the demand for food continues to increase to meet the growing population’s needs. Westford USA, Aug. 09, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, the usage of ammonium sulphate market in the industrial sector has been witnessing a significant increase owing...

Semiconductor Manufacturing Equipment Market Analysis by Emergen Research: Key Trends and Future Outlook

Written by Customer Service on August 9, 2023. Posted in Mergers And Acquisitions.

Rising demand for consumer electronics is one of the major factors driving semiconductor manufacturing equipment market revenue growth. Vancouver, Aug. 09, 2023 (GLOBE NEWSWIRE) — Emergen research is one of the pioneers in providing strategic insights for emerging and disruptive technologies which are expected to show exponential growth in the near future., has released a report that delves deep into the dynamic landscape of the Semiconductor Manufacturing Equipment Market. Semiconductor manufacturing equipment refers to the machinery and tools used in the production of semiconductors, which are essential components in electronic devices. These equipment play a crucial role in the fabrication process, enabling the production of high-quality and high-performance semiconductors. According to a recent report by Emergen Research, the...

Day: August 9, 2023

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