Day: December 13, 2023

Maxim Power Corp. Appoints Mr. Robert Emmott as CEO

Written by Customer Service on December 13, 2023. Posted in Public Companies.

CALGARY, Alberta, Dec. 13, 2023 (GLOBE NEWSWIRE) — Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today that Mr. Robert (Bob) Emmott will be transitioning to President and Chief Executive Officer (“CEO”), assuming the CEO role from Mr. M. Bruce Chernoff, effective January 1, 2024. Mr. Chernoff will continue to provide his experienced leadership and governance as MAXIM’s Chair of the Board. “On behalf of the MAXIM Board of Directors, I would like to thank Mr. Chernoff for his steadfast guidance and dedication as the Corporation’s CEO, under which the company saw significant transformation which focused on delivering improved profitability and material greenhouse gas reductions,” said W. Brett Wilson, Vice-Chair. As the incoming CEO, Mr. Emmott brings extensive and diverse experience...

Rain Oncology Enters into Agreement to be Acquired by Pathos AI for $1.16 in Cash per Share Plus Contingent Value Rights

Written by Customer Service on December 13, 2023. Posted in Mergers And Acquisitions.

NEWARK, Calif., Dec. 13, 2023 (GLOBE NEWSWIRE) — Rain Oncology Inc. (Nasdaq: RAIN) (“Rain”), today announced it has entered into a definitive merger agreement whereby Pathos AI, Inc. (“Pathos”) will acquire Rain for $1.16 in cash per share plus a non-tradeable contingent value right (a “CVR”) for potential cash payments of up to approximately $0.17 per share. The Rain Board of Directors voted unanimously to approve the proposed Offer, Merger and related transactions contemplated by the Merger Agreement (collectively, the “Transaction”). The upfront cash consideration represents a 17% premium over Rain’s unaffected stock price as of October 13, 2023. The Rain Board reached this determination following a comprehensive review of the proposal, along with the outcome of an extensive process to review strategic alternatives with the...

3D Systems Announces Organization Changes and New Executive Leadership Appointments

Written by Customer Service on December 13, 2023. Posted in Public Companies.

Jeffrey CreechJeffrey CreechHarriss T. CurrieHarriss T. CurrieJeffrey Creech joins as Chief Financial Officer Harriss T. Currie joins as President – Regenerative Medicine New organization structure reflects technical progress and potential for significant value creation through new regenerative medicine technologiesROCK HILL, S.C., Dec. 13, 2023 (GLOBE NEWSWIRE) — Today, 3D Systems (NYSE:DDD) announced two additions to its executive leadership team. Effective today, December 13, Jeffrey Creech has joined the company as Executive Vice President and Chief Financial Officer. Mr. Creech will lead all facets of the company’s global finance organization. Effective December 15, Harriss Currie will join the company in the newly created role of President – Regenerative Medicine. In this new role, Harriss...

Certara Acquires Applied BioMath Expanding Its Biosimulation Portfolio to Industrialize New Capabilities for Optimal Dosing for Novel Therapies

Written by Customer Service on December 13, 2023. Posted in Mergers And Acquisitions.

Combined organization establishes the life sciences industry’s largest quantitative systems pharmacology (QSP) center of excellence contributing to faster and more effective medicine development. PRINCETON, N.J., Dec. 13, 2023 (GLOBE NEWSWIRE) — Certara, Inc. (Nasdaq: CERT) today announced it has acquired Applied BioMath, an industry-leader in providing model-informed drug discovery and development support to help accelerate and de-risk therapeutic research and development (R&D). Together, Certara and Applied BioMath are the life sciences industry’s largest team of experts in quantitative systems pharmacology (QSP), a method of biosimulation used across the development lifecycle to predict endpoints, biomarkers and the most effective dosing regimen. Nine out of ten new therapies that enter the clinic do not achieve regulatory...

Toll Brothers Announces Cash Dividend and Reauthorizes Share Repurchase Program

Written by Customer Service on December 13, 2023. Posted in Dividend Reports And Estimates.

FORT WASHINGTON, Pa., Dec. 13, 2023 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE: TOL) (TollBrothers.com), the nation’s leading builder of luxury homes, today announced that its Board of Directors has approved a quarterly cash dividend to shareholders. The dividend of $0.21 per share will be paid on January 26, 2023 to shareholders of record on the close of business on January 12, 2023. Toll Brothers also announced today that its Board of Directors has approved a new 20 million share repurchase authorization to replace its existing authorization. From May 2022 (the date of the previous authorization) through December 12, 2023, the Company repurchased approximately 13.3 million shares, or 12% of shares outstanding in May 2022, for an aggregate purchase price of approximately $800 million, or approximately $60.15 per share. Douglas...

Hofseth Biocare ASA: SIGNIFICANT NEW INVESTMENT OF NOK 144 MILLION FROM HOFSETH INTERNATIONAL INTO HBC

Written by Customer Service on December 13, 2023. Posted in Public Companies.

The board of directors (the “Board”) of Hofseth BioCare ASA (“HBC” or the “Company”) has reached an agreement with Hofseth International AS (“Hofseth International”) whereby HBC will issue a new class of preference shares (“B-Shares”) to Hofseth International for an approximate investment amount of NOK 144 million (the “Investment Value”) at a subscription price of NOK 9 per B-Share (the “Transaction”). The Investment Value will be settled by offsetting it with the equivalent amount of trade payables owed to Hofseth International by HBC. Hofseth International’s receivables have been incurred historically in exchange for fresh raw material of salmon heads, backbone, and skin, that the company has supplied to HBC over the years. Hofseth International will continue to supply HBC in the coming years. The...

Ocean Power Technologies, Inc. Announces Second Quarter Fiscal 2024 Results

Written by Customer Service on December 13, 2023. Posted in Earnings Releases And Operating Results.

Achieved First Multi-Buoy and Multi-Vessel Orders MONROE TOWNSHIP, N.J., Dec. 13, 2023 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NYSE American: OPTT), today announced financial results for its fiscal second quarter ended October 31, 2023 (“Q224”), including year-over-year revenue, gross profit, and pipeline growth. Financial Highlights from the second quarter:OPT’s pipeline at October 31, 2023 (“Q224”) was approximately $93 million, representing a 221% year-over-year increase over the pipeline of approximately $42 million at October 31, 2022. The pipeline continues to grow, reflecting a significant increase in defense and security activity as well as an expansion of commercial opportunities. Revenues of $0.9 million for Q224 grew $0.6 million over revenues of $0.3 million...

Aeries Technology Announces Restatement of Previously Issued Financial Statements

Written by Customer Service on December 13, 2023. Posted in Public Companies.

NEW YORK, Dec. 13, 2023 (GLOBE NEWSWIRE) — Aeries Technology, Inc. (Nasdaq: AERT) (the “Company” or “Aeries Technology”), a global professional services and consulting partner, today filed an amendment to a Current Report on Form 8-K that has restated financial statements of its subsidiary, AARK Singapore Pte. Ltd. (“AARK”). AARK restated its financial statements due to a stock split that caused a change in the number of shares outstanding at AARK, and therefore the earnings per share of AARK. The stock split and resultant change in earnings per share are the only changes to the financial statements of AARK as a result of the restatement. No financial metrics of Aeries Technology were affected by the restatement, including the number of Class A ordinary shares outstanding, revenue, Adjusted EBITDA, or net income. The...

Quanex Building Products Declares Quarterly Dividend and Announces Planned Chairmanship Transition

Written by Customer Service on December 13, 2023. Posted in Dividend Reports And Estimates.

HOUSTON, Dec. 13, 2023 (GLOBE NEWSWIRE) — Quanex Building Products Corporation (NYSE:NX) (“Quanex” or the “Company”) today announced that its Board of Directors (the “Board”) declared a quarterly cash dividend of $0.08 per share on the Company’s common stock, payable December 29, 2023, to shareholders of record on December 19, 2023. In addition, Quanex announced that the Board has determined that George L. Wilson, the Company’s President and Chief Executive Officer, will also become Quanex’s Chairman of the Board, effective February 27, 2024. Mr. Wilson will replace current Chairman William C. Griffiths, who will be retiring from the Board as of the Company’s next Annual Meeting of Shareholders, in accordance with the Quanex Corporate Governance Guidelines. Mr. Wilson’s appointment is subject to his re-election to the Board at...

Mueller Water Products Reports 2023 Fourth Quarter and Fiscal Year Results

Written by Customer Service on December 13, 2023. Posted in Earnings Releases And Operating Results.

Achieved Net Sales of $301.4 Million in Quarter, $1.3 Billion in Fiscal YearEarned Net Income per Diluted Share of $0.11 in Quarter, $0.55 in Fiscal YearReported Adjusted Net Income per Diluted Share of $0.19 in Quarter, $0.63 in Fiscal Year ATLANTA, Dec. 13, 2023 (GLOBE NEWSWIRE) — Mueller Water Products, Inc. (NYSE: MWA) today announced financial results for its fourth quarter and fiscal year ended September 30, 2023. In the fourth quarter, the Company:Achieved net sales of $301.4 million, a 9.1 percent decrease as compared with $331.4 million in the prior year quarter Reported operating income of $24.9 million as compared with $11.6 million in the prior year quarter and increased adjusted operating income 81.4 percent to $39.9 million as compared with $22.0 million in the prior year quarter Reported operating margin of 8.3...

Day: December 13, 2023

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