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Day: December 5, 2023

Rent the Runway, Inc. Announces Third Quarter 2023 Results

Announces Corporate Debt Restructuring Reiterates FY23 Revenue and Adjusted EBITDA Guidance. Committed to Delivering Free Cash Flow Breakeven in FY 2024 Significantly Improved Inventory In-Stock Position Drove Improved Customer Satisfaction and Retention; Sets Stage for FY24 Growth NEW YORK, Dec. 05, 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 October 31, 2023. RTR also announced today that it has amended its credit facility (the “Amended Facility”) with the existing lender and administrative agent (“Existing Lender”), as noted in our disclosed regulatory filings with the SEC. The amended facility eliminates interest (PIK and cash) for...

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HealthEquity Reports Third Quarter Ended October 31, 2023 Financial Results

Highlights of the third quarter include:Revenue of $249.2 million, an increase of 15% compared to $216.1 million in Q3 FY23. Net income of $14.7 million, compared to net loss of $1.6 million in Q3 FY23, with non-GAAP net income of $52.2 million, an increase of 61% compared to $32.4 million in Q3 FY23. Net income per diluted share of $0.17, compared to net loss per diluted share of $0.02 in Q3 FY23, with non-GAAP net income per diluted share of $0.60, compared to $0.38 in Q3 FY23. Adjusted EBITDA of $95.6 million, an increase of 30% compared to $73.4 million in Q3 FY23. 8.3 million HSAs, an increase of 8% compared to Q3 FY23. Total HSA Assets of $22.6 billion, an increase of 12% compared to Q3 FY23. 15.3 million Total Accounts, including both HSAs and complementary CDBs, an increase of 5% compared to Q3 FY23. The Company agreed to acquire...

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ASM announces €300M expansion of U.S. operations in Scottsdale, Arizona

Scottsdale, Arizona December 5, 2023 The investment will focus on technology development, research, design and engineering capabilities, and pilot manufacturing capacities ASM International N.V. (Euronext Amsterdam: ASM), one of the fastest growing semiconductor equipment companies and global market leader in Atomic Layer Deposition, announced plans for a new North American expansion to accommodate growing demand for research and development in the semiconductor industry. ASM is investing €300 million over a period of up to five years to design and construct the new state-of-the-art site on more than 20 acres (8.5 hectares) in Scottsdale, Arizona. This total investment is a combination of capital expenditures related to infrastructure and lab equipment, and includes operational expenses such as the additional research and engineering jobs...

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Grupo Bimbo Signs Aitana Bonmatí, the World’s Best Soccer Player, to Boost Female Talent

Aitana BonmatíAitana Bonmatí joins Grupo Bimbo as a brand ambassador.Aitana Bonmatí, FC Barcelona soccer player and Spanish National Soccer Team member, will be the global brand ambassador for BIMBO®️. This agreement aims to promote female talent, equity, nutrition, and healthy lifestyles, in addition to supporting young talent in the context of BIMBO®️’s commitment as a Global Partner of FC Barcelona and as the Main Partner of Female FC Barcelona.HORSHAM, Pa., Dec. 05, 2023 (GLOBE NEWSWIRE) — Grupo Bimbo, the leading global bakery and current Global Partner of FC Barcelona and Main Partner of Female FC Barcelona, announced the addition of Spanish soccer player Aitana Bonmatí as a brand ambassador. Bonmatí, a midfielder for FC Barcelona and the Spanish National Soccer Team, has been named the UEFA...

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Vital Energy Inc. Announces New $10 Million Credit Facility

CALGARY, Alberta, Dec. 05, 2023 (GLOBE NEWSWIRE) — Vital Energy Inc. (the “Corporation”) (TSX-V: VUX) announces that it has entered into a loan agreement, effective December 4, 2023, with a company controlled by Mr. Hai Zhou, a director and control person of ‎the Corporation, for a $10,000,000 credit facility (the “Credit Facility”). ‎The Credit Facility matures on December 4, 2024 and ‎funds advanced bear interest at a rate of 12% per annum, payable on the maturity date. ‎ Vital has determined that exemptions from the various requirements of the TSX Venture Exchange Policy ‎‎5.9 and Multilateral Instrument 61-101 are available in connection with the Credit Facility ‎‎(Formal Valuation – Issuer Not Listed on Specified Markets; Minority Approval – Loan to Issuer, No ‎Equity or Voting Component).‎ Vital Energy...

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Monarch Announces Implementation of Sale and Investment Solicitation Process

MONTREAL, Dec. 05, 2023 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) announces that an order was issued by the Superior Court of Québec on November 15, 2023 (the “Order”) authorizing PricewaterhouseCoopers Inc. (the “Monitor”) to initiate a sale and investment solicitation process (the “SISP”) for the business, in whole or in part. The SISP is intended to solicit interest and opportunities for the sale or investment of all or part of the Corporation’s assets and business operations. This may involve one or more restructurings, recapitalizations or other forms of reorganization of the Corporation’s operations and business. The SISP proceedings commenced on November 27, 2023, with the issuance of a solicitation letter to potentially interested parties. The deadline for submission...

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Garden Stage Limited Announces Closing of Initial Public Offering

Hong Kong, Dec. 05, 2023 (GLOBE NEWSWIRE) — Garden Stage Limited (the “Company” or “Garden Stage”), a Hong Kong-based financial services provider principally engaged in the provision of (i) placing and underwriting services; (ii) securities dealing and brokerage services; and (iii) asset management services, today announced the closing of its initial public offering (the “Offering”) of 2,500,000 ordinary shares at a public offering price of US$4.00 per ordinary share. The ordinary shares began trading on the Nasdaq Capital Market on December 1, 2023, under the ticker symbol “GSIW.” Company has granted the underwriters a 45-day option to purchase up to an additional 375,000 ordinary shares at the public offering price (the “Over-allotment Option”), less underwriting discounts. On December 4, 2023, the underwriters exercised the...

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HashiCorp Awarded 2023 AWS Partner Award

HashiCorp recognized as Collaboration Partner of the Year – Global winner, one of many AWS Partners around the globe that help customers drive innovation SAN FRANCISCO, Dec. 05, 2023 (GLOBE NEWSWIRE) — HashiCorp, Inc. (NASDAQ: HCP), a leading provider of multi-cloud infrastructure automation software, is pleased to announce it is the recipient of a 2023 Global AWS Partner Award, recognizing leaders around the globe playing a key role helping customers drive innovation and build solutions on Amazon Web Services (AWS). Announced during the Partner Awards Gala at AWS re:Invent 2023, the Geo and Global AWS Partner Awards recognize a wide range of AWS Partners, whose business models have embraced specialization, innovation, and cooperation over the past year. Geo and Global AWS Partner Awards recognize partners whose business models...

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Brunswick Intersects High Grade Lithium Mineralization on Globex Royalty Property

1Surface plan of the Lac Escale (Mirage) area currently drilled.2Cross Section Along Central Zone3Cross Section Along North Zone4Cross Section Along South ZoneROUYN-NORANDA, Quebec, Dec. 05, 2023 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to provide shareholders with an update of the inaugural drill results from holes completed by Brunswick Exploration Inc. (TSXV-BRW, BRWXF- OTCQB) on Globex’s Lac Escale (Mirage) lithium royalty property in the Eeyou Istchee-James Bay region of Quebec, Canada (NTS 33H09). Brunswick has completed 36 drill holes designed to...

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Tidewater Utilities Announces Promotion

Tidewater Utilities Announces PromotionJohn W. EckeardDOVER, Del., Dec. 05, 2023 (GLOBE NEWSWIRE) —  Tidewater Utilities, Inc., (Tidewater) a wholly owned subsidiary of Middlesex Water Company (NASDAQ: MSEX) has promoted John W. Eckeard to Senior Director – Distribution, effective December 15, 2023. Tidewater, together with its wholly owned subsidiary, Southern Shores, provides water services to approximately 59,000 retail customers for residential, commercial and fire protection purposes in over 460 separate communities in Delaware. Mr. Eckeard has served in various operating capacities during his more than 23 years with Tidewater and continues to assume an expanded scope of responsibilities in connection with the day-to-day management of Tidewater’s expanding water distribution system. “John has demonstrated continued...

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