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Day: September 8, 2023

Vivid Seats Completes Acquisition of Wavedash

CHICAGO, Sept. 08, 2023 (GLOBE NEWSWIRE) — Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced that it has completed the acquisition of WD Holdings Co., Ltd. (“Wavedash”) in an all-cash transaction. Wavedash is an online secondary ticket marketplace in Japan with a market-leading position and accretive Adjusted EBITDA margins. “Today marks the beginning of a thrilling international journey for Vivid Seats,” said Stan Chia, Vivid Seats CEO. “International markets collectively represent a compelling growth opportunity as concerts grow in popularity worldwide and as international secondary ticketing continues to develop. We are excited to leverage...

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Hurco Reports Third Quarter Results for Fiscal Year 2023

INDIANAPOLIS, Sept. 08, 2023 (GLOBE NEWSWIRE) — Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the third fiscal quarter ended July 31, 2023. Hurco recorded net income of $260,000, or $0.04 per diluted share, for the third quarter of fiscal year 2023, compared to net income of $1,238,000, or $0.18 per diluted share, for the corresponding period in fiscal year 2022. For the nine months of fiscal year 2023, Hurco reported net income of $1,967,000, or $0.30 per diluted share, compared to net income of $6,802,000, or $1.01 per diluted share, for the corresponding period in fiscal year 2022. Sales and service fees for the third quarter of fiscal year 2023 were $53,201,000, a decrease of $4,439,000, or 8%, compared to the corresponding prior year period, and included a favorable currency impact of $579,000, or 1%, when...

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Rent the Runway, Inc. Announces Second Quarter 2023 Results

Announces Intention to Accelerate Path to Free Cash Flow Profitability Before Cash Interest to FY24 Q2 Net Loss of $(26.8)M and Net Loss Margin was (35.4)%, vs $(33.9)M and (44.3)% in Q2 2022 Strong Adjusted EBITDA of $7.7M and Adjusted EBITDA Margin of 10.2% in Q2 2023, Up From $1.8M and 2.4% in Q2 2022 Revises Fiscal Year 2023 Guidance NEW YORK, Sept. 08, 2023 (GLOBE NEWSWIRE) — Rent the Runway, Inc. (“Rent the Runway” or “RTR”) (NASDAQ: RENT), the world’s first and largest shared designer closet platform, today reported financial results for the fiscal quarter ended July 31, 2023. “For some time, we have been focused on taking decisive actions with the goal to bring Rent the Runway to profitability, and we believe now is the right time to accelerate our efforts. We made significant progress in Q2 across the...

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Sonoco Completes Acquisition of RTS Packaging

HARTSVILLE, S.C., Sept. 08, 2023 (GLOBE NEWSWIRE) — Sonoco Products Company (NYSE: SON) (“Sonoco” or the “Company”), a diversified global packaging leader, today announced the completion of its acquisition of the remaining equity interest in RTS Packaging, LLC (“RTS”) from joint venture partner WestRock (NYSE:WRK) and one WestRock paper mill in Chattanooga, Tennessee. The acquisition, originally announced on November 9, 2022, will further strengthen and expand Sonoco’s 100% recycled fiber-based packaging solutions to serve growing consumer wine, spirits, food, beauty and healthcare markets. Prior to closing the transaction, Sonoco was a 35% owner in the joint venture with WestRock. With this acquisition, Sonoco adds a network of 15 operations and 1,100 employees in the U.S., Mexico, and South America. The purchase price for this...

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OKYO Pharma Completes Enrollment in Phase 2 Clinical Trial of OK-101 to treat Dry Eye Disease

Full enrollment achieved on September 6th with a total of 240 patients enrolled in study Top-line data planned for release in December 2023 Phase 2 trial is designed as a potential registration trial, with pre-specified primary efficacy endpoints covering both a sign and symptom of dry eye diseaseLONDON and NEW YORK, Sept. 08, 2023 (GLOBE NEWSWIRE) — OKYO Pharma Limited (NASDAQ: OKYO), a clinical stage biopharmaceutical company developing innovative therapies for the treatment of inflammatory dry eye disease (“DED), a multi-billion-dollar market, and for neuropathic corneal pain (“NCP”), a severe ocular condition with no FDA approved therapy, is pleased to announce that it has completed full enrollment of patients in the randomized portion of the Phase 2 multi-center, double-masked, placebo-controlled clinical trial of topical...

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Tiziana Life Sciences to Participate in the H.C. Wainwright 25th Annual Global Investment Conference

NEW YORK, Sept. 08, 2023 (GLOBE NEWSWIRE) — Tiziana Life Sciences Ltd. (Nasdaq: TLSA) (“Tiziana” or the “Company”), a biotechnology company developing breakthrough immunomodulation therapies via novel routes of drug delivery, today announced that the Company will virtually present and host one-on-one meetings at the H.C. Wainwright 25th Annual Global Investment Conference, being held September 11-13, 2023.Event: H.C. Wainwright 25th Annual Global Investment ConferenceDate: Presentation to be accessible on-demand, beginning  7:00 AM EDT, Monday, September 11th, 2023Format: Virtual company presentation and 1-on-1 meetingsRegistration: https://journey.ct.events/view/9083a450-c597-41e2-8a02-2ffe070bef75 About Tiziana Life Sciences Tiziana Life Sciences is a clinical-stage biopharmaceutical company developing breakthrough...

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Alta Copper Provides Update on Preliminary Economic Assessment, Drilling and Community Relations

VANCOUVER, British Columbia, Sept. 08, 2023 (GLOBE NEWSWIRE) — Alta Copper Corp. (TSX: ATCU; OTCQX: ATCUF; BVL: ATCU) (“Alta Copper” or the “Company”) is very pleased to provide an update on significant developments and progress to date on several fronts which will now set the stage for further development at its 100% owned Cañariaco advanced staged copper project. HighlightsOptimized Preliminary Economic Assessment (“PEA”) advancing as planned with recent positive developments incorporating 3D Geological Modelling with results targeted to be published in Q4; Updated 3D Geological Model Identifies Significant Mineralization Potential and High Priority Drill Targets which will provide the foundation for a staged 20,000-meter drilling program in two phases which is targeted to commence in early 2024; Drilling will...

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OTC Markets Group Welcomes Spark Networks SE to OTCQX

NEW YORK, Sept. 08, 2023 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Spark Networks SE (OTCQX: LOVLY), a leader in social dating platforms for meaningful relationships, has qualified to trade on the OTCQX® Best Market. Spark Networks SE previously traded on NASDAQ. Spark Networks SE begins trading today on OTCQX under the symbol “LOVLY.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for...

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Genius Group Provides Update on Outstanding Convertible Debt

SINGAPORE, Sept. 08, 2023 (GLOBE NEWSWIRE) — Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading entrepreneur edtech and education group, announces that the outstanding balance of the US$18,130,000 Senior Secured Convertible Note signed in August 2022 with Alto Opportunity Master Fund, SPC – Segregated Master Portfolio B (“Convertible Note”) has been reduced to current balance of US$53,344 through payments and conversion of the note.  About Genius Group  Genius Group is a leading entrepreneur Edtech and education group, with a mission to strive to disrupt the current education model with a student-centered, life-long learning curriculum that prepares students with the leadership, entrepreneurial and life skills to succeed in today’s market. The group has a group user base of 4.5 million users...

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