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Year: 2023

MediciNova Receives a Notice of Decision to Grant for a New Patent Covering MN-166 (ibudilast) for the Treatment of Progressive MS in Europe

LA JOLLA, Calif., Dec. 06, 2023 (GLOBE NEWSWIRE) — MediciNova, Inc., a biopharmaceutical company traded on the NASDAQ Global Market (NASDAQ:MNOV) and the Standard Market of the Tokyo Stock Exchange (Code Number: 4875), today announced it has received a Notice of Decision to Grant from the European Patent Office for a pending patent application which covers the combination of MN-166 (ibudilast) and interferon-beta for the treatment of progressive multiple sclerosis (progressive MS). Once issued, the patent maturing from this allowed patent application is expected to expire no earlier than October 2039. The allowed claims cover a combination of MN-166 (ibudilast) and interferon-beta for use in a method of treating, alleviating the negative effects of, or slowing the progression of progressive multiple sclerosis in patients previously...

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Consolidated Lithium Closes Private Placement Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 06, 2023 (GLOBE NEWSWIRE) — CONSOLIDATED LITHIUM METALS INC. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“Consolidated Lithium” or the “Company“) is pleased to announce that it has closed its previously announced non-brokered private placement financing of units (each, a “Unit”) at a price of $0.06 per Unit for gross proceeds of $1,687,591 (the “Offering”). For more information on the Offering, please see the Company’s press release dated November 1, 2023, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. Pursuant to the Offering, Consolidated Lithium issued 28,126,517 Units at a price of $0.06 per Unit. Each Unit consists of one common share of the Company (each, a “Common Share”) and one-half of one...

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Athabasca Oil Announces 2024 Budget and Return of Capital Update

CALGARY, Alberta, Dec. 06, 2023 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or “the Company”) is pleased to announce its 2024 budget focused on profitable production growth and strong free cash flow generation. Athabasca provides investors unique positioning to top tier oil weighted assets (Thermal Oil and Duvernay) with a capital allocation framework aimed at maximizing cash flow per share growth and returning capital to shareholders.   2024 Budget Highlights Capital Program. Athabasca is planning capital expenditures of $175 million ($135 million Thermal Oil & $40 million Light Oil) with activity focused on completing the 28,000 bbl/d expansion project at Leismer, sustaining capital at Hangingstone and three Duvernay pads at Kaybob. Profitable and Sustainable Growth. The Company plans to grow production...

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10X Capital Venture Acquisition Corp. II and African Agriculture, Inc. Announce Closing of Business Combination

Poised to Capture a Meaningful Share of the $21 Billion Global Alfalfa Market Trading Expected to Commence on Nasdaq Global Market December 7, 2023 under Ticker “AAGR” Announces Name Change to African Agriculture NEW YORK, NY, Dec. 06, 2023 (GLOBE NEWSWIRE) — 10X Capital Venture Acquisition Corp. II (“10X II”) (NASDAQ:VCXA), a publicly traded special purpose acquisition company, announced today that it has completed its previously announced merger with African Agriculture, Inc., a global food security company operating a commercial-scale alfalfa farm on the African continent. The transaction was approved by 10X II’s shareholders at an extraordinary general meeting held on December 5, 2023. In connection with the closing, 10X II changed its name to “African Agriculture Holdings Inc.” (“African Agriculture”). Commencing December...

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Gas Insulated Switchgear Market worth $31.6 Billion by 2028 – Exclusive Report by MarketsandMarkets™

Chicago, Dec. 06, 2023 (GLOBE NEWSWIRE) — The global Gas Insulated Switchgear Market is expected to grow from USD 23.8 billion in 2023 to USD 31.6 billion by 2028, at a CAGR of 5.8% according to a new report by MarketsandMarkets™. The gas insulated switchgear market is poised for substantial growth during this period, primarily due to the expected strengthening of power distribution infrastructure in response to the growing demand for electricity. Furthermore, the expansion of renewable energy capacity and increased investments in industrial production are set to drive the demand for gas insulated switchgear. The market is expected to experience accelerated growth, particularly with the increasing use of high-voltage direct systems. This surge in demand for switchgear is primarily driven by the increasing energy consumption...

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Northrop Grumman Announces New $2.5 Billion Share Repurchase Authorization

FALLS CHURCH, Va., Dec. 06, 2023 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) announced today that its board of directors has authorized an additional $2.5 billion for the repurchase of the company’s common stock, increasing the outstanding authorized amount to approximately $3.8 billion. Share repurchases will take place from time to time, subject to market conditions and management’s discretion, in the open market or in privately negotiated transactions. Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers’ toughest problems, our employees define possible...

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Rigetti Launches the Novera QPU, the Company’s First Commercially Available QPU

The Novera QPU is Rigetti’s first commercially available QPU. The QPU includes a 9-qubit chip that features tunable couplers for fast 2-qubit operations and a 5-qubit chip for testing single-qubit operations. The Novera QPU is based on Rigetti’s fourth generation Ankaa-class architecture.The Novera™ QPUThe Novera™ QPU is Rigetti’s 9-qubit QPU based on the Company’s fourth generation Ankaa-class architecture. Photo Credit: Drew Bird Photography.BERKELEY, Calif., Dec. 06, 2023 (GLOBE NEWSWIRE) — Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today the launch of its Novera™ QPU, a 9-qubit quantum processing unit (QPU) based on the Company’s fourth generation Ankaa™-class architecture featuring tunable...

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Fortis Inc. Announces First Quarter Dividends – 2024

This news release constitutes a “designated news release” for the purposes of the Corporation’s prospectus supplement dated September 19, 2023 to its short form base shelf prospectus dated November 21, 2022. ST. JOHN’S, Newfoundland and Labrador, Dec. 06, 2023 (GLOBE NEWSWIRE) — The Board of Directors of Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) has declared the following dividends payable on March 1, 2024 to the Shareholders of Record of the following Shares of the Corporation at the close of business on February 16, 2024:$0.3063 per share on the First Preference Shares, Series “F”;$0.3826875 per share on the First Preference Shares, Series “G”;$0.11469 per share on the First Preference Shares, Series “H”;$0.412055 per...

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17 Education & Technology Group Inc. Announces Third Quarter 2023 Unaudited Financial Results

BEIJING, Dec. 07, 2023 (GLOBE NEWSWIRE) — 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China, today announced its unaudited financial results for the third quarter of 2023. Third Quarter 2023 Highlights1Net revenues were RMB45.1 million (US$6.2 million), compared with net revenues of RMB124.6 million in the third quarter of 2022. Gross margin was 54.1%, compared with 74.5% in the third quarter of 2022. Net loss was RMB72.9 million (US$10.0 million), compared with net loss of RMB23.5 million in the third quarter of 2022. Net loss as a percentage of net revenues was negative 161.6% in the third quarter of 2023, compared with negative 18.9% in the third quarter of 2022. Adjusted net loss2 (non-GAAP), which excluded share-based compensation expenses...

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Edoc Acquisition Corp. Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q

Victor, NY, Dec. 06, 2023 (GLOBE NEWSWIRE) — Edoc Acquisition Corp. (NASDAQ: ADOC) (the “Company”) announced that it received a letter from The Nasdaq Capital Market (“Nasdaq”) on November 30, 2023 indicating that (i) the Company’s failure to file its Quarterly Report on Form 10-Q for the period ended September 30, 2023 (the “Form 10-Q”), in violation of the Nasdaq’s continued listing requirements under Nasdaq Listing Rule 5250(c)(1) (the “Rule”), serves as an additional basis for delisting the Company’s securities from Nasdaq based on Listing Rule 5810(b) and (ii) the Nasdaq Hearings Panel (the “Panel”) will consider this additional deficiency in its decision regarding the Company’s continued listing on the Nasdaq. On December 1, 2023, the Company filed the Form 10-Q with the Securities and Exchange Commission. As previously disclosed,...

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