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Month: January 2024

NUBIA BRAND INTERNATIONAL CORP. PROVIDES UPDATE ON REDEMPTION REVERSAL REQUESTS IN CONNECTION WITH CLOSING ITS BUSINESS COMBINATION

Dallas, Texas, Jan. 11, 2024 (GLOBE NEWSWIRE) — Nubia Brand International Corp. (the “Company” or “Nubia”), announced today that it will not be accepting any requests for redemption reversals in connection with closing the business combination (the “Business Combination”) between the Company and Honeycomb Battery Company (“Honeycomb”), as described in the definitive proxy statement initially filed by Nubia with the SEC on November 8, 2023 (the “Proxy Statement”). About Nubia Brand International Corp. Nubia is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination with one or more businesses. About Honeycomb Honeycomb formerly the energy solutions division of Global Graphene Group, Inc., is a Dayton, Ohio,...

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Park Aerospace Corp. Chairman and CEO to Speak at Annual Needham Growth Conference

NEWTON, Kan., Jan. 11, 2024 (GLOBE NEWSWIRE) — Park Aerospace Corp. (NYSE – PKE) announced that Brian E. Shore, the Company’s Chairman and Chief Executive Officer, will speak at the 26th Annual Needham Growth Conference on Tuesday, January 16, 2024, at 1:30 p.m. EST.   Mr. Shore will participate in the Conference virtually. A live audio webcast, along with presentation materials, will be available at https://wsw.com/webcast/needham134/pke/2057792. An archived replay will also be available at the same link for 90 calendar days.   The presentation materials will also be available at approximately 8:30 a.m. EST on Tuesday, January 16, 2024 at https://parkaerospace.com/needham-conference/ and on the Company’s website at www.parkaerospace.com under “Needham Conference” on the “Shareholders” page. Park Aerospace Corp. develops and manufactures...

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UPDATE – Allegro MicroSystems to Announce Third Quarter Fiscal Year 2024 Financial Results

MANCHESTER, N.H., Jan. 11, 2024 (GLOBE NEWSWIRE) — Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its third quarter fiscal year 2024 prior to the market open on Thursday, February 1, 2024. Following the press release, Vineet Nargolwala, President and Chief Executive Officer, and Derek D’Antilio, Senior Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company’s results and business outlook. Analysts and investors are invited to join the conference call using the following information: Third Quarter Fiscal Year 2024 Earnings Conference CallDate: Thursday, February 1, 2024Time: 8:30 a.m. EDTLive Webcast Link: Click HereDial-in Participant Registration Link: Click Here Advanced registration is required for dial-in participants....

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Brownie’s Marine Group’s Subsidiary BLU3 Becomes Exclusive Distributor of SeaNXT Elite Underwater Scooter

Brownie’s Marine Group, Inc.BLU3, is now the exclusive distributor of SeaNXT Elite, an underwater scooter made in France, for North & South America and non-French territories in the CaribbeanPompano Beach, FL, Jan. 11, 2024 (GLOBE NEWSWIRE) — Brownie’s Marine Group, Inc. (OTCQB: BWMG), a leading developer, manufacturer and distributor of tankless dive equipment, redundant high pressure air rescue tanks and high-pressure air and industrial compressors in the marine industry, announced that one of its subsidiaries, BLU3, is now the exclusive distributor of SeaNXT Elite, an underwater scooter made in France, for North & South America and non-French territories in the Caribbean. BLU3 continues to make waves above and below the surface with the addition of SeaNXT Elite, the first-ever all-carbon underwater scooter...

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Update regarding the change in VINCI’s free cash flow in 2023

Nanterre, 11 January 2024 Update regarding the change in VINCI’s free cash flow in 2023 In its previous financial press release1, VINCI announced that its free cash flow2 in 2023 was expected to total at least €4.5 billion. On the basis of the reporting of cash noted in December, an initial estimate now indicates that the Group’s free cash flow in 2023 should in fact exceed the level reached in 2022, which was €5.4 billion, thereby setting a new record. This particularly remarkable outcome may be due notably to a higher-than-expected level of cash inflows from customers at the end of the year and postponement of some investments. A press release presenting the full-year 2023 results and the outlook for 2024 will be published on 7 February 2024 after the market close. This publication will be followed by a press conference and an analyst...

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Information from INVL Technology managed companies: Notification of the Novian group on the situation and business prospects of Novian Systems

The Novian group of IT service companies notes that one of its group companies, Novian Systems (hereinafter – the Company), on 26 May 2021 signed a contract with the Public Procurement Office of Lithuania for services to modernise the SAULĖ IS Central Public Procurement Information System (hereinafter – the Contract). The total value of the Contract is EUR 5.969 million (including VAT), including EUR 3.617 million (including VAT) for system development services and EUR 1.585 million (including VAT) for maintenance services. The development services envisaged in the Contract were to be provided by 1 October 2023. During the performance of the Contract, the project’s scope increased significantly and efforts were made to negotiate with the contracting entity regarding the management of the project’s scope, timeframe and price. Having failed...

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Xos and ElectraMeccanica Announce Proposed Combination to Accelerate Xos’ Leadership Position in Manufacturing Commercial Electric Vehicles for Major U.S. Fleet Customers

Xos StepvanA 2023 Xos stepvan operating in a last mile delivery environment.Proposed Transaction Anticipated to Significantly Strengthen Xos’ Balance Sheet and Provide Growth Capital to Further Expand Xos’ Gross Margin Positive Vehicle Business Positions Combined Company for Sustainable Long-Term Value Creation with a Strengthened Financial Profile, a Substantial Backlog, and Strong Growth Potential Prospective Combined Company Expected to Benefit from Favorable Regulatory Tailwinds, Including California’s Mandate Requiring Xos Customers to Buy Thousands of New Electric Vehicles by 2025 Xos Delivered a Record 110 Units to Fleet Customers in the Fourth Quarter of 2023, Including FedEx Ground, UPS, and Loomis, Achieving 90% Year-Over-Year Growth LOS ANGELES and MESA, Ariz., Jan. 11, 2024 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ:...

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Ascencio divests among its Belgian portfolio

  Ascencio is announcing today, 11 January 2024, the sale of its shopping complex in Jemappes (Belgium). A private investor has acquired this property for a net amount of €8.55 million, consistent with the fair value determined by the independent valuer. The site covers an area of around 10,000 m², with Sportsdirect.com, Dreamland and Auto 5 being the main tenants. This sale is part of the ongoing revaluation of the property portfolio. The impact of this sale is estimated at – €0.01 per share on an annual basis on EPRA Earnings and at -0.7% on the Company’s EPRA LTV. The proceeds of this transaction will enable Ascencio to increase the cash available on its credit lines, manage its debt ratio and thus be in a position to consider investment opportunities.AttachmentPRESS RELEASE

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Peapack-Gladstone Bank Appoints Rich Johnston as President, Peapack Capital, a Subsidiary of Peapack-Gladstone Bank

PGCRich Johnston, President, Peapack Capital, a subsidiary of Peapack-Gladstone BankBEDMINSTER, NJ, Jan. 11, 2024 (GLOBE NEWSWIRE) — via NewMediaWire – Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market:  PGC) and Peapack-Gladstone Bank announce the appointment of Rich Johnston as President, Peapack Capital, a subsidiary of the Bank, which focuses on equipment finance and leasing.  Rich is now responsible for overseeing all originations and asset finance transactions from bank lessors, independent lessors, finance companies and intermediaries, in addition to out-bound syndications.  Since joining Peapack Capital in 2017, he has played a significant role in the growth of this important business segment. Mr. Johnston has over 30 years of leasing and structured finance expertise in the origination of middle...

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Sheet Face Mask Market Set to Soar Past USD 0.53 Billion by 2030

The global Sheet Face Mask market size is expected to reach USD 0.53 billion by 2030 and exhibit a CAGR of 8.3% in the forecast period (2023−2030), according to Skyquest’s latest research report. The innovations in skincare products, rising consumer awareness, convenience and ease of use, beauty and wellness trends, celebrity endorsements, increased disposable income, aging population, customizable skincare solutions, social media influence, natural and organic ingredient demand, urban pollution and skin concerns, online retail and e-commerce growth, expanding beauty and cosmetics industry, are fueling the market’s growth. Westford, USA, Jan. 11, 2024 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Sheet Face Mask market, clean and sustainable formulations, biodegradable and eco-friendly...

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