Month: January 2024

Expanded Tier 1 Supplier & OEM Awards Accelerate Growth NEW YORK, Jan. 23, 2024 (GLOBE NEWSWIRE) — Shapeways Holdings, Inc. (NASDAQ: SHPW), a global leader in the large and fast-growing digital manufacturing industry, announced today a landmark 100% year-over-year growth within its multi-million-dollar automotive business. Shapeways Enterprise Manufacturing Solutions continues to secure Tier 1 supplier and OEM direct multi-year production volume, including a recently expanded $1.5M contract with an industry-leading American automotive manufacturer. Aidan O’Sullivan, General Manager of Enterprise Manufacturing Solutions at Shapeways, noted, “Flexibility and adaptability are key in meeting our customers’ dynamic production demands. Whether it’s rapid, iterative prototyping or market shifts between electric and conventional...

SAN MATEO, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) — Sagimet Biosciences Inc. (“Sagimet”) (Nasdaq: SGMT), a clinical-stage biopharmaceutical company developing novel fatty acid synthase (FASN) inhibitors designed to target dysfunctional metabolic and fibrotic pathways, today announced the commencement of an underwritten public offering of 9,000,000 shares of its Series A common stock. All of the shares in the proposed offering are to be sold by Sagimet. In addition, Sagimet expects to grant the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of its Series A common stock in the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Goldman Sachs & Co. LLC,...

NEW YORK, Jan. 23, 2024 (GLOBE NEWSWIRE) — Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) (the “Company” or “VSAC”), a special purpose acquisition company, announced today that it received a staff determination letter (the “Letter”), on January 17, 2024, from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company of the determination from the Nasdaq Staff (the “Staff”) to delist the Company’s securities from The Nasdaq Stock Market, because, as of December 26, 2023, the Company had not regained compliance with the requirement set forth Listing Rule 5450(b)(2)(A) that requires the market value of the Company’s listed securities to be $50,000,000 or more. The Letter also states that since the Company has not yet filed its Form...

Not for distribution to United States Newswire Services or for dissemination in the United States VANCOUVER, British Columbia, Jan. 23, 2024 (GLOBE NEWSWIRE) — Stallion Uranium Corp. (the “Company” or “Stallion”) (TSX-V: STUD; OTCQB: STLNF; FSE: HM40) is pleased to announce that it is undertaking a non-brokered private placement (the “Offering“) for aggregate gross proceeds of up to C$4,000,000, with an over-allotment option to raise up to an additional C$1,000,000 of Units (as defined below), from the sale of the following:up to 4,687,500 Federal flow-through units of the Company (each, an “FFT Unit”) at a price of C$0.32 per FFT Unit; up to 4,166,667 Saskatchewan flow-through units of the Company (each, a “SFT Unit”) at the price of C$0.36 per SFT Unit; and up to 4,545,454 units of the Company...

TORONTO, Jan. 23, 2024 (GLOBE NEWSWIRE) — Firan Technology Group Corporation (TSX:FTG) is pleased to announce a new contract with its represented employees at its Aerospace – Toronto facility has been negotiated and ratified. The contract has a four-year term and expires in August 2027.   The contract recognizes the strong demand at that site, the commitment to continuous improvement by everyone, as well as the external environment impacting the corporation and its employees. With the ratification of this agreement, all employees will return to work immediately, ending a six-week work stoppage. The work stoppage negatively impacted customers, employees and investors. For customers, we will work diligently to get our deliveries back on track as quickly as possible, using all the resources we have available at FTG. For employees,...

2024 Capital Expenditure Budget of $210-240 Million and Expected 2024 Cash Flow1 of $280-320 Million in Base Case Plan to Drill 13-17 Development Wells and 6-9 High Impact Near-Field Exploration Wells Forecast 2024 Production of 32,000-35,000 BOPD, Increases of 4% from 2023, 11% from 2022 and 28% from 2021 Forecast 2024 Free Cash Flow2 of $175 Million Before Exploration, $75 Million After Exploration in Base Case Plan to Allocate Up to 50% of Free Cash Flow to Share Buybacks Met 2023 Production Guidance by Achieving 2023 Total Company Average Production of Approximately 32,650 BOPD, an Increase of 6% from 2022 Strong Results from the Costayaco-56 Well Producing Over 2,000 BOPD Achieved Company’s Best Safety Performance on Record in 2023 Development Drilling Campaigns Underway in Acordionero and Costayaco Fields with Encouraging ResultsCALGARY,...

Highest Year-End Total Company Reserves in Company History – 90 MMBOE 1P, 147 MMBOE 2P and 207 MMBOE 3P Added Total Company Reserves of 18 MMBOE 1P, 29 MMBOE 2P and 36 MMBOE 3P Achieved 154% 1P, 242% 2P and 303% 3P Reserves Replacement Fifth Consecutive Year of 1P Total Company Reserves Growth Incurred F&D Costs, Excluding Change in FDC, of $11.96 (1P), $7.58 (2P) and $6.06 (3P) per boe Net Present Value Before Tax Discounted at 10% of $1.9 Billion (1P), $3.1 Billion (2P), and $4.3 Billion (3P) Net Asset Value per Share of $18.79 Before Tax and $10.46 After Tax (PDP), $44.48 Before Tax and $24.06 After Tax (1P), and $79.13 Before Tax and $42.71 After Tax (2P)CALGARY, Alberta, Jan. 23, 2024 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE)(TSX:GTE)(LSE:GTE), a company focused...