December 14, 2023 – Page 3

Nubia Brand International Corp. Announces Stockholder Approval of Business Combination with Honeycomb Battery Company

Written by Customer Service on December 14, 2023. Posted in Public Companies.

Dallas, Texas, Dec. 14, 2023 (GLOBE NEWSWIRE) — Nubia Brand International Corp. (the “Company” or “Nubia”) , announced today that at a special meeting of stockholders held on December 14, 2023 (the “Meeting”), its stockholders voted to approve its proposed business combination (the “Business Combination”) with Honeycomb Battery Company (“Honeycomb”). As of the close of business on November 6, 2023, the record date for the Meeting, there were 7,130,617 shares of common stock of Nubia, with par value $0.0001 per share (“Nubia Shares”), issued and outstanding. There were 6,360,235 Nubia Shares present at the Meeting in person or represented by proxy, with 70.4% voting to approve the Business Combination. The formal results of the Meeting will be included on a Form 8-K to be filed with the U.S. Securities and Exchange Commission by...

Red Cat Holdings Selected by U.S. Army as Finalist for Short Range Reconnaissance Tranche 2 Drone Program

Written by Customer Service on December 14, 2023. Posted in Public Companies.

Defense Innovation Unit and U.S. Army to provide $3 million in additional funding to support final program milestones SAN JUAN, Puerto Rico, Dec. 14, 2023 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, announces that its subsidiary Teal Drones (Teal) has been selected by the Department of Defense’s (DoD) Defense Innovation Unit (DIU) and the U.S. Army as one of two finalists competing in the Short Range Reconnaissance Tranche 2 (SRR T2) Program of Record. As part of being named a finalist, Teal will be awarded $3 million of additional funding to support final prototype development and completion of remaining SRR milestones. Teal was previously one...

Freddie Mac Multifamily Apartment Investment Market Index Ticks Down in Third Quarter of 2023, Posts Slight Annual Increase

Written by Customer Service on December 14, 2023. Posted in Public Companies.

MCLEAN, Va., Dec. 14, 2023 (GLOBE NEWSWIRE) — In the third quarter of 2023, the Freddie Mac (OTCQB: FMCC) Multifamily Apartment Investment Market Index® (AIMI®) fell to 107.1 across the United States, with all 25 regional markets tracked by the index also down for the quarter. Following two straight quarters of increases, the third quarter decline of -2.1% is primarily due to higher interest rates. Over the past 12 months, the index is up 0.3%, though only five of the tracked markets experienced growth. “After last quarter’s rebound, the third quarter decline in AIMI is primarily attributable to the significant increase in interest rates,” said Sara Hoffmann, director of Multifamily Research at Freddie Mac. “The slight annual increase is notable, and largely the result of a substantial contraction in property prices, which offset...

Presto’s Voice™ AI Solution Projected to Capitalize on Strong Momentum as Company Releases 2024 Projected Annualized Run Rate

Written by Customer Service on December 14, 2023. Posted in Public Companies.

SAN CARLOS, Calif., Dec. 14, 2023 (GLOBE NEWSWIRE) — Presto Automation Inc. (Nasdaq: PRST) one of the largest drive-thru automation technology providers in the hospitality industry, today provided additional information to investors about its projected financial results for calendar year 2024. As a result of the strong momentum being experienced in its Voice AI solution, Presto is estimating its projected annualized run rate (PARR) to be $17.6M at the end of calendar year 2024, which is directly correlated to the store count projection the company has already released (1270 stores by the end of 2024). We define PARR as the annualized revenue of contracts for our Presto Voice AI solution that are projected to be in effect at the end of the relevant period. “These projections should convey the market-leading momentum we are seeing...

Guidance adjustment of turnover 2023

Written by Customer Service on December 14, 2023. Posted in Public Companies.

Dec 14th 2023 Guidance adjustment of turnover 2023 Due to many projected deliveries postponed to Q1 and Q2 2024, Photocat has today revised its turnover guidance from 17-18,5mio DKK to 14-15mio DKK. The Guidance for EBITDA is maintained at 0-0,5 mio DKK positive. CEO Michael Humle says; Despite high activity with both new and existing clients, we have seen a strong focus on inventory management up to the new year from many partners, and a few new projects where the startup is postponed to early 2024. Although we had hoped to make record sales this year, we are pleased to maintain a positive EBITDA, despite the lower forecast for sales. We have reduced cost in the second half and will have full effect on the cost side from Q1 2024. We continue to see good interest in our products, and latest this was confirmed at our partners exhibition...

MOBILIZE LEASE&CO, THE SUBSIDIARY OF MOBILIZE FINANCIAL SERVICES, CONFIRMS APPROVAL OF THE ACQUISITION OF THE GERMAN COMPANIES MOBILITY CONCEPT AND MEINAUTO BY THE RELEVANT AUTHORITIES

Written by Customer Service on December 14, 2023. Posted in Mergers And Acquisitions.

December 14th, 2023 MOBILIZE LEASE&CO, THE SUBSIDIARY OF MOBILIZE FINANCIAL SERVICES, CONFIRMS APPROVAL OF THE ACQUISITION OF THE GERMAN COMPANIES MOBILITY CONCEPT AND MEINAUTO BY THE RELEVANT AUTHORITIES The transaction, which was made public1 on July 13, 2023 subject to approval by the relevant authorities, has been validated by BaFin, the Federal Financial Supervisory Authority in Germany, and by the competition authorities in Austria and Germany. The acquisition of Mobility Concept and MeinAuto, divisions of the MeinAuto Group, a leading player in the German car leasing market, will be completed in January 2024. On that date, the 2 companies will become part of Mobilize Lease&Co, which was incorporated in November 2022 with the aim of rolling out Renault Group full services leasing offers in all the geographical...

Toll Brothers Announces New Luxury Homes Coming Soon to the Award-Winning SilverLeaf Master-Planned Community in St. Augustine, Florida

Written by Customer Service on December 14, 2023. Posted in Public Companies.

Newbrook is a gated community offering a wide selection of home designs and exclusive amenities Newbrook by Toll Brothers Newbrook by Toll Brothers will feature a variety of new single-family and townhome designs with access to resort-style amenities in St. Augustine, Florida. Newbrook by Toll Brothers “This prime location provides Toll Brothers residents quick and convenient access to all of the amenities, shopping, and entertainment that St. Augustine has to offer,” said Greg Netro, Group President of Toll Brothers in Jacksonville. ST. AUGUSTINE, Fla., Dec. 14, 2023 (GLOBE NEWSWIRE) — Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced the upcoming launch of Newbrook, an exciting new home community located in the desirable SilverLeaf master-planned community in St. Augustine,...

LACROIX and AIAC enter into exclusive negotiations for the sale/acquisition of the Road Signs Business Unit.

Written by Customer Service on December 14, 2023. Posted in Mergers And Acquisitions.

14/12/2023 LACROIX and AIAC enter into exclusive negotiations for the sale/acquisition of the Road Signs Business Unit LACROIX announces that it has entered into exclusive negotiations with the North American industrial investment firm AMERICAN INDUSTRIAL ACQUISITION CORPORATION (AIAC) with a view to selling its Road Signs Business Unit (8% of LACROIX revenue by 2022). This announcement follows the communication of February 9, 2023 in which LACROIX expressed its desire to find a buyer for this business, in order to focus its investments on its strategic markets around industrial IoT and electronic equipment. The scope of this negotiation remains unchanged: it represents projected revenue of €57 million for 2023, and involves 315 employees at the Saint-Herblain industrial site (260 people), three distribution subsidiaries (La Réunion,...

Pacific General Closes Co-Investment With BroadRiver Asset Management in Acquisition of the U.S. and Bermuda Platform of Lombard International Group

Written by Customer Service on December 14, 2023. Posted in Mergers And Acquisitions.

NEW YORK, Dec. 14, 2023 (GLOBE NEWSWIRE) — Pacific General announces its equity participation in the acquisition in the U.S. and Bermuda business of Lombard International Group (“Lombard”), led by BroadRiver Asset Management and its affiliated entities (“BroadRiver”), which closed on November 30th, 2023. With A- rating by AM Best, Lombard’s U.S. and Bermuda business is a leading provider of private placement of life insurance and annuities to individuals and institutional clients through its offices in Philadelphia, New York, Bermuda and Miami, and manages over $12 billion of assets under administration as of June 2023. Pacific General is a New York based investment firm with offices in Seoul, South Korea and Riyadh, Saudi Arabia. As part of the firm’s alternative investment business, Pacific General originates, structures and...

EDF announces the Redemption of Outstanding Perpetual Subordinated Notes

Written by Customer Service on December 14, 2023. Posted in Public Companies.

EDF announces the Redemption of Outstanding Perpetual Subordinated Notes Capitalized terms used in this press release shall have the meaning given to them in the Final Offering Memorandum dated 14 January 2014 relating to the Notes issued on 22 January 2014. On 14 December 2023, EDF (BBB stable S&P / Baa1 stable Moody’s / BBB+ stable Fitch) announces the exercise of its Option to Redeem Outstanding the USD 595 641 000 Hybrid Notes (ISIN US268317AM62 and USF2893TAM83). All currently Outstanding Notes will be Redeemed on the First Call Date (i.e., 22 January 2024), as set out in Section “Redemption” of the Description of Notes in the Final Offering Memorandum. This press release is certified. Check its authenticity on medias.edf.com About EDF As a major player in energy transition, the EDF Group is an integrated energy company active...

Day: December 14, 2023

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