Year: 2023

TELUS CEO Darren Entwistle demonstrates strong confidence in Company’s future with significant share purchases

Written by Customer Service on November 6, 2023. Posted in Public Companies.

VANCOUVER, British Columbia, Nov. 06, 2023 (GLOBE NEWSWIRE) — TELUS President and CEO Darren Entwistle has reaffirmed his commitment to TELUS’ success by making significant share purchases this year. Since the beginning of the year through October 2023, he purchased 395,843 common shares for an aggregate purchase cost of approximately $10 million. Darren now holds a total of 800,000+ TELUS common shares. Investing significantly in TELUS shares is consistent with Darren’s past practice of aligning his interests with those of TELUS’ close to 1.2 million shareholders. Moreover, it demonstrates his continued strong confidence in the Company’s strategy and global industry-best differentiated growth profile buttressed by strong operating momentum across its telecom business, and further supported through its investments in...

Axsome Therapeutics Reports Third Quarter 2023 Financial Results and Provides Business Update

Written by Customer Service on November 6, 2023. Posted in Earnings Releases And Operating Results.

Total 3Q 2023 product revenue of $57.8 million, representing 244% year-over-year growth Auvelity® 3Q 2023 net product sales of $37.7 million, representing 36% quarter-over-quarter growth Sunosi® 3Q 2023 net product revenue of $20.1 million, representing 20% year-over-year growth SYMPHONY Phase 3 trial of AXS-12 in narcolepsy on track for completion of enrollment in 4Q 2023; topline results expected in 1Q 2024 Phase 3 trial of solriamfetol in binge eating disorder on track for initiation in 4Q 2023 Phase 3 trial of solriamfetol in shift work disorder on track for initiation in 1Q 2024 NDA submission for AXS-14 in fibromyalgia and NDA resubmission for AXS-07 in migraine both expected in 1H 2024 Company to host conference call today at 8:00 AM Eastern NEW YORK, Nov. 06, 2023 (GLOBE NEWSWIRE) — Axsome Therapeutics, Inc. (NASDAQ:...

BigBear.ai to Acquire Pangiam, Combining Facial Recognition and Advanced Biometrics with BigBear.ai’s Computer Vision Capabilities to Spearhead the Vision AI Industry

Written by Customer Service on November 6, 2023. Posted in Mergers And Acquisitions.

COLUMBIA, Md., Nov. 06, 2023 (GLOBE NEWSWIRE) — BigBear.ai (NYSE: BBAI), a leading provider of AI-enabled business intelligence solutions, today announced a definitive merger agreement to acquire Pangiam Intermediate Holdings, LLC (Pangiam), a leader in Vision AI for the global trade, travel, and digital identity industries, for approximately $70 million in an all-stock transaction. The combined company will create one of the industry’s most comprehensive Vision AI portfolios, combining Pangiam’s facial recognition and advanced biometrics with BigBear.ai’s computer vision capabilities, positioning the company as a foundational leader in one of the fastest growing categories for the application of AI. The proposed acquisition is expected to close in the first quarter of 2024, subject to customary closing conditions, including approval...

Hut 8 Provides Update on Business Combination with USBTC

Written by Customer Service on November 6, 2023. Posted in Mergers And Acquisitions.

TORONTO, Nov. 06, 2023 (GLOBE NEWSWIRE) — Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), (“Hut 8” or the “Company”) one of North America’s largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, continues to make progress on the proposed business combination pursuant to which Hut 8 and U.S. Data Mining Group, Inc. dba US Bitcoin Corp (“USBTC”) will combine in an all-stock merger of equals (the “Transaction”). The combined company will be named “Hut 8 Corp.” (“New Hut”) and will be a U.S.-domiciled entity. The Transaction is expected to establish New Hut as a large scale, publicly traded Bitcoin miner focused on economical mining, highly diversified revenue streams, and industry leading environmental, social, and governance (ESG) practices. New Hut has filed a further amendment...

Brookfield Asset Management Announces Strong Third Quarter Results

Written by Customer Service on November 6, 2023. Posted in Earnings Releases And Operating Results.

Strong Fundraising with $61 Billion of Capital Raised Year-to-Date; Remain on Track to Achieve Capital Raising Target of Close to $150 Billion $102 Billion of Dry Powder Available to Deploy into Attractive Market Opportunities BROOKFIELD, NEWS, Nov. 06, 2023 (GLOBE NEWSWIRE) — Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) today announced financial results for the quarter ended September 30, 2023. Connor Teskey, President of Brookfield Asset Management stated, “We had an excellent quarter from a fundraising perspective. We raised $61 billion of capital year-to-date with $26 billion of that capital in the third quarter. We are very fortunate that the businesses where we have established a leadership position remain in strong demand by investors. We closed our sixth private equity strategy at $12 billion, our largest ever...

BioNTech Announces Third Quarter 2023 Financial Results and Corporate Update

Written by Customer Service on November 6, 2023. Posted in Earnings Releases And Operating Results.

Positive clinical data updates across multiple drug classes including antibody-drug conjugate (ADC) candidates BNT323/DB-1303, BNT325/DB-1305, CAR-T candidate BNT211, T cell therapy candidate BNT221 and mRNA cancer vaccine candidate BNT116 Progress across the oncology pipeline with multiple late-stage trials initiated since third quarter start New and expanded strategic collaborations reflect BioNTech’s commitment to delivering transformational therapies for oncology and infectious diseases Successful launches of Omicron XBB.1.5-adapted monovalent COVID-19 vaccine in markets worldwide Updated 2023 COVID-19 vaccine revenue guidance of around €4 billion Guidance reduction of planned 2023 R&D expenses to €1.8-2.0 billion and SG&A expenses to €600-650 million First nine months of 20231 revenues of €2.3 billion2, net profit...

Fr8Tech’s CEO Shares Open Letter Addressing Shareholders’ Concerns

Written by Customer Service on November 6, 2023. Posted in Public Companies.

HOUSTON, Nov. 06, 2023 (GLOBE NEWSWIRE) — Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech”), a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning offering a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region, has released an open letter from CEO Javier Selgas addressing concerns regarding recent fluctuations in stock values. Dear Valued Fr8Tech Shareholders, In recent times, we’ve received inquiries about the downward trajectory of our stock. Some of these messages have been less than cordial, if not deliberately offensive. As the CEO of Fr8Tech, I hold your concerns in the highest regard. My paramount duty is to steer our company toward the realization of our objectives, and as I will outline shortly, we...

Nxu Repays Nearly $20 Million of Convertible Notes

Written by Customer Service on November 6, 2023. Posted in Public Companies.

Institutional Investors Who Participated in 2022 Deal Have Substantially Converted, Significantly Decreasing Nxu’s Liabilities MESA, Ariz., Nov. 06, 2023 (GLOBE NEWSWIRE) — Nxu Inc., (NASDAQ: NXU) (“Nxu”, “the Company”), a domestic technology company developing and manufacturing innovative EV charging and energy storage solutions for the infrastructure we need to power our electrified future, has extinguished all but $100,000 of the $20 million in convertible notes (“Notes”) that were previously issued in conjunction with a 2022 private placement involving two investors (“Investors”). The deal was comprised of two convertible notes of $10 million each which resulted in two tranches of $9 million each in proceeds to Nxu. The first tranche disbursed in Q4 2022 and the second in Q1 2023. Through the conversions, Nxu has substantially...

Parsons’ AI Technology Recognized in City of Chicago’s Smart 50 Award

Written by Customer Service on November 6, 2023. Posted in Public Companies.

Parsons and Miovision delivered the first connected vehicle technology for the city CHANTILLY, Va., Nov. 06, 2023 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE: PSN) congratulates the City of Chicago on winning the prestigious Smart 50 Award for their Connected Vehicle Corridor pilot project. Launched in December 2021, this pilot is the first deployment of connected vehicle technology in Chicago and is an ongoing collaborative effort between the City of Chicago, the Chicago Transit Authority, Parsons, and Miovision. Focused on improving pedestrian safety, the pilot uses artificial intelligence and connected vehicle data to evaluate solutions for pedestrian detection and delivering safety messages to drivers for pedestrian awareness, resulting in more efficient traffic flow and increased community safety. “As a proud partner...

Kraken Delivers Mine Hunting Solution to Australian Navy

Written by Customer Service on November 6, 2023. Posted in Public Companies.

Figure 1:Kraken’s KATFISH on Australian Naval VesselST. JOHN’S, Newfoundland and Labrador, Nov. 06, 2023 (GLOBE NEWSWIRE) — Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) announces that it has supplied high-resolution seabed mapping sonar equipment to the Royal Australian Navy. Kraken delivered its KATFISH high-speed high-definition seabed awareness solution in Q2, and recently completed system integration and sea trials in Cairns, Australia. Kraken expects to provide additional in-service support including training, spares and operational support. Continuing to build off successful KATFISH deliveries with various NATO navies, this represented Kraken’s first KATFISH system sale in the Asia-Pacific region. This system delivery follows the results of a successful in-country demonstration of KATFISH™ for the...

Year: 2023

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